AMENDMENT NUMBER TWO to the Amended and Restated Master Mortgage Loan Purchase and Servicing Agreement dated as of July 1, 2005 by and between SUNTRUST MORTGAGE, INC. and CITIGROUP GLOBAL MARKETS REALTY CORP.
AMENDMENT
NUMBER TWO
to
the
Amended and Restated
dated
as
of July 1, 2005
by
and
between
SUNTRUST
MORTGAGE, INC.
and
CITIGROUP
GLOBAL MARKETS REALTY CORP.
This
AMENDMENT NUMBER TWO is made this 16th day of March, 2007, by and between
SUNTRUST MORTGAGE, INC. (the “Seller”) and CITIGROUP GLOBAL MARKETS REALTY CORP.
(the “Purchaser”), to the Amended and Restated Master Mortgage Loan Purchase and
Servicing Agreement, dated as of July 1, 2005, by and between the Purchaser
and
the Seller, as amended by that certain Amendment Number One
dated as of February 22, 2006 (the “Agreement”).
RECITALS
WHEREAS,
the Purchaser and the Seller desire to amend the Agreement, subject to the
terms
hereof, to modify the Agreement as specified herein; and
WHEREAS,
the Purchaser and the Seller each have agreed to execute and deliver this
Amendment Number Two on the terms and conditions set forth herein.
NOW
THEREFORE, for good and valuable consideration, the receipt and sufficiency
of
which are hereby acknowledged, and of the mutual covenants herein contained,
the
parties hereto hereby agree as follows:
SECTION
1. Amendments. Effective
as of March 16, 2007, the Agreement is hereby amended as follows:
(a) Section
1
of the Agreement is hereby amended by deleting the definitions of “Mortgage
Loan Schedule” and “Whole Loan Transfer”, each in its entirety and
replacing it with the following:
Mortgage
Loan Schedule: With respect to each Mortgage Loan Package, the
schedule of Mortgage Loans to be provided on each Closing Date for the Mortgage
Loan Package delivered on such Closing Date in both hard copy and electronic
form, such schedule setting forth the information on Schedule One
attached hereto with respect to each Mortgage Loan in the Mortgage Loan
Package.
Whole
Loan Transfer: Any sale or transfer of at least ten (10) or more Mortgage
Loans by Purchaser to a third party, which sale or transfer is not a
Securitization Transaction.
(b) Subsection
7.02(vi) of the Agreement is hereby amended by deleting such section in its
entirety and replacing it with the following:
(vi) The
Mortgage Note and the Mortgage are not subject to any right of rescission,
reformation, set off, counterclaim or defense, including the defense of usury,
nor will the operation of any of the terms of the Mortgage Note and/or the
Mortgage, or the exercise of any right thereunder, render the Mortgage
unenforceable, in whole or in part, or subject to any right of rescission,
reformation, set off, counterclaim or defense, including the defense of usury
and no such right of rescission, reformation, set off, counterclaim or defense
has been asserted with respect thereto, and there is no basis for the Mortgage
Loan to be modified or reformed without the consent of the Mortgagor under
applicable law. Each Prepayment Charge or penalty with respect to any
Mortgage Loan is permissible, enforceable and collectible under applicable
federal, state and local law;
(c) Subsection
7.02(viii) of the Agreement is hereby amended by deleting such section in its
entirety and replacing it with the following:
(viii) Any
and all requirements of any federal, state or local law including, without
limitation, usury, truth in lending, real estate settlement procedures, consumer
credit protection, equal credit opportunity, fair housing, disclosure laws
and
all predatory, abusive and fair lending laws applicable to the origination
and
servicing of mortgage loans of a type similar to the Mortgage Loans have been
complied with and the consummation of the transactions contemplated hereby
will
not involve the violation of any such laws, and the Seller shall maintain in
its
possession, available for the inspection of the Purchaser or its designee,
and
shall deliver to the Purchaser or its designee, upon two Business Days’ request,
evidence of compliance with such requirements;
(d) Subsection
7.02(xxiii) of the Agreement is hereby amended by deleting such section in
its
entirety and replacing it with the following:
The
Mortgaged Property is free of damage and waste and is in good repair, and there
is no proceeding pending or threatened for the total or partial condemnation
thereof nor is such a proceeding currently occurring;
(e) Subsection
7.02(xliv) of the Agreement is hereby amended by deleting such section in its
entirety and replacing it with the following:
(xliv) No
Mortgage Loan is (a) subject to the provisions of the Home Ownership and Equity
Protection Act of 1994 as amended (“HOEPA”), or has an “annual percentage rate”
or “total points and fees” payable by the borrower (as each such term is defined
under HOEPA) that equals or exceeds the applicable thresholds defined under
HOEPA (Section 32 of Regulation Z, 12 C.F.R. Section 226.32(a)(1)(i) and (ii)),
(b) a “high cost” mortgage loan, “covered” mortgage loan (excluding home loans
defined as “covered home loans” in the New Jersey Home Ownership Security Act of
2002 that were originated between November 26, 2003 and July 7, 2004), “high
risk home” mortgage loan, or “predatory” mortgage loan or any other comparable
term, no matter how defined under any federal, state or local law,
provided that this determination shall be made with respect to the
relevant state or local law, regardless of the effect of any available federal
preemption, other than exemptions specifically provided for in the relevant
state or local law, (c) subject to any comparable federal, state or local
statutes or regulations, or any other statute or regulation providing for
heightened regulatory scrutiny, assignee liability to holders of such mortgage
loans or additional legal liability for mortgage loans having high interest
rates, points and/or fees, or (d) a High Cost Loan or Covered Loan, as
applicable (as such terms are defined in the current Standard & Poor’s
LEVELS® Glossary Revised, Appendix E);
(f) Subsection
7.02(xlvii) of the Agreement is hereby amended by deleting such section in
its
entirety and replacing it with the following:
(xlvii) No
Mortgagor was required to purchase any single premium credit insurance policy
(e.g. life, mortgage, disability, accident, unemployment, property or health
insurance product) or debt cancellation agreement as a condition of obtaining
the extension of credit. No Mortgagor obtained a prepaid single
premium credit insurance policy (e.g. life, mortgage, disability, accident,
unemployment, or health insurance product) in connection with the origination
of
the Mortgage Loan, and no proceeds from any Mortgage Loan were used to purchase
single-premium credit insurance policies or debt cancellation agreements as
part
of the origination of, or as a condition to closing, such Mortgage
Loan;
(g) Subsection
7.02(lxxix) of the Agreement is hereby amended by deleting such section in
its
entirety and replacing it with the following:
(lxxix) With
respect to any Mortgage Loan that contains a provision permitting imposition
of
a Prepayment Charge upon a Principal Prepayment prior to maturity: (i) prior
to
the Mortgage Loan’s origination, the Mortgagor agreed to such Prepayment Charge
in exchange for a monetary benefit, including but not limited to a Mortgage
Interest Rate or fee reduction, (ii) prior to the Mortgage Loan’s origination,
the Mortgagor was offered the option of obtaining a Mortgage Loan that did
not
require payment of a Prepayment Charge and the originator of the Mortgage Loan
had a written policy of offering borrowers, or requiring third-party brokers
to
offer borrowers, the option of obtaining a mortgage loan that did not require
the payment of a Prepayment Charge, (iii) the Prepayment Charge is disclosed
to
the Mortgagor in the Mortgage Loan Documents pursuant to applicable state and
federal law, (iv) for Mortgage Loans originated on or after October 1, 2002,
the
duration of the prepayment period shall not exceed three (3) years from the
date
of the Mortgage Note, unless the Mortgage Loan was modified to reduce the
prepayment period to no more than three years from the date of the Mortgage
Note
and the Mortgagor was notified in writing of such reduction in the prepayment
period, (v) no Mortgage Loan originated prior to October 1, 2002 has a
Prepayment Charge longer than five years and (vi) notwithstanding any state
or
federal law to the contrary, the Seller shall not impose such Prepayment Charge
in any instance when the Mortgage Loan is accelerated or paid off in connection
with the workout of a delinquent mortgage or due to the Mortgagor’s
default. Each Prepayment Charge is permissible, collectable and
enforceable;
(h) Subsection
7.02(lxxxi) of the Agreement is hereby amended by deleting such section in
its
entirety and replacing it with the following:
(lxxxi) The
methodology used in underwriting the extension of credit for each Mortgage
Loan
did not rely solely on the extent of the Mortgagor’s equity in the
collateral as the principal determining factor in approving such extension
of
credit. The methodology employed objective criteria such as the Mortgagor’s
income, assets and liabilities, to the proposed mortgage payment and,
based on such methodology, the Mortgage Loan’s originator made a reasonable
determination that at the time of origination the Mortgagor had the ability
to
make timely payments on the Mortgage Loan;
(i) Subsection
7.02(lxxxii) of the Agreement is hereby amended by deleting such section in
its
entirety and replacing it with the following:
(lxxxii) All
points, fees and charges, including finance charges (whether or not financed,
assessed, collected or to be collected), in connection with the origination
and
servicing of any Mortgage Loan were disclosed in writing to the related
Mortgagor in accordance with applicable state and federal laws and regulations
and no related Mortgagor was charged “points and fees” (whether or not financed)
in an amount that exceeds the greater of (1) 5% of the principal amount of
such
loan or (2) $1,000. For the purposes of this representation, “points
and fees” (a) include origination, underwriting, broker and finder’s fees and
charges that the lender imposed as a condition of making the Mortgage Loan,
whether they are paid to the lender or a third party; and (b) exclude bona
fide
discount points, fees paid for actual services rendered in connection with
the
origination of the Mortgage Loan (such as attorneys’ fees, notaries fees and
fees paid for property appraisals, credit reports, surveys, title examinations
and extracts, flood and tax certifications, and home inspections) and the cost
of mortgage insurance or credit-risk price adjustments; the costs of title,
hazard, and flood insurance policies; state and local transfer taxes or fees;
escrow deposits for the future payment of taxes and insurance premiums; and
other miscellaneous fees and charges, which miscellaneous fees and charges
in
total, do not exceed 0.25 percent of the loan
amount);
(j) Subsection
7.02(lxxxiv) of the Agreement is hereby amended by deleting such section in
its
entirety and replacing it with the following:
(lxxxiv) No
Mortgagor was required to purchase any single premium credit insurance policy
(e.g. life, mortgage, disability, accident, unemployment, property or health
insurance product) or debt cancellation agreement as a condition of obtaining
the extension of credit. No Mortgagor obtained a prepaid single
premium credit insurance policy (e.g. life, mortgage, disability, accident,
unemployment, property or health insurance product) in connection with the
origination of the Mortgage Loan, and no proceeds from any Mortgage Loan were
used to purchase single-premium credit insurance policies or debt cancellation
agreements as part of the origination of, or as a condition to closing, such
Mortgage Loan;
(k) Subsection
7.02 of the Agreement is hereby amended by adding the following paragraphs
to
the end thereof:
(lxxxviii) No
Mortgage Loan secured by a Mortgaged Property in the State of Ohio which closed
on or after January 1, 2007 was originated pursuant to a no income/no asset
documentation program or any other program pursuant to which the related
Mortgagor was not required to disclose income. Each Mortgage Loan secured by
a
Mortgaged Property in the State of Ohio which closed on or after January 1,
2007, was originated in compliance with the Ohio Consumer Sales Practices Act
(Oh. Rev. Stat. 1345.01 et seq.) and the regulations promulgated thereunder
and
was made only after reasonable and appropriate methods were used to determine
the borrower's repayment ability, including without limitation, employment
verification for stated income loans, which have been properly documented and
verified;
(lxxxix) Each
original Mortgage was recorded and all subsequent assignments of the original
Mortgage (other than the assignment to the Purchaser) have been recorded, or
are
in the process of being recorded, in the appropriate jurisdictions wherein
such
recordation is necessary to perfect the lien thereof as against creditors of
the
Seller;
(xc) No
Mortgage Loan is secured by real property or secured by a manufactured home
located in the state of Georgia unless (x) such Mortgage Loan was originated
prior to October 1, 2002 or after March 6, 2003, or (y) the property securing
the Mortgage Loan is not, nor will be, occupied by the Mortgagor as the
Mortgagor’s principal dwelling. No Mortgage Loan is a “High Cost Home
Loan ” as defined in the Georgia Fair Lending Act, as amended (the “Georgia
Act”). Each Mortgage Loan that is a “Home Loan” under the
Georgia Act complies with all applicable provisions of the Georgia Act. No
Mortgage Loan secured by owner occupied real property or an owner occupied
manufactured home located in the State of Georgia was originated (or modified)
on or after October 1, 2002 through and including March 6, 2003;
and
(xci) No
Mortgage Loan is a “manufactured housing loan” or “home improvement home loan”
pursuant to the New Jersey Home Ownership Act. No Mortgage Loan is a
“High-Cost Home Loan” or a refinanced “Covered Home Loan,” in each case, as
defined in the New Jersey Home Ownership Act effective November 27, 2003
(N.J.S.A. 46;10B-22 et seq.).
(l) Subsection
7.04 of the Agreement are hereby amended by deleting such sections in its
entirety and replacing it with the following:
Subsection
7.04 Repurchase of Certain
Mortgage Loans.
Unless
otherwise provided in the Confirmation, in the event that (i) the first Monthly
Payment due to Purchaser following the Cut-off Date is not made by the end of
the calendar month in which such Monthly Payment is due, or (ii) a Monthly
Payment due prior to the related Cut-off Date is not made by the end of the
calendar month in which such Monthly Payment was due, then, in each case, the
Seller shall, upon receipt of notice from the Purchaser which shall be delivered
no later than ninety (90) days following such default, promptly repurchase
such
Mortgage Loan from the Purchaser in accordance with Section 7.03
hereof.
(m) The
Agreement is hereby amended by adding the following subsection to the end of
Section 7:
Subsection
7.05 Purchase Price
Protection.
Unless
otherwise provided in the Confirmation, in the event that the principal balance
due on a Mortgage Loan is paid in full within sixty (60) days following the
related Closing Date, then the Seller shall, upon written notice thereof from
Purchaser received by Seller within ninety (90) days of the date such prepayment
is remitted by the Seller to the Purchaser, reimburse the Purchaser, within
thirty (30) days of such notice, the amount (if any) by which the Purchase
Price
paid by the Purchaser to the Seller exceeded 100% of the outstanding scheduled
principal balance of the Mortgage Loan as of the related Cut-off Date less
the
amount of any Prepayment Penalties collected by the Seller and remitted to
the
Purchaser.
(n) Section
12(3) of the Agreement is hereby amended by adding the following sentence to
the
end thereof:
Notwithstanding
the foregoing, Seller shall not be required to make those representations and
warranties in Subsection 7.02 as of the date of the Whole Loan Transfer or
Securitization Transaction that relate solely to the delinquency of the Mortgage
Loans or the condition of the Mortgaged Properties;
(o) Section
12 of the Agreement is hereby amended by adding the following sentence at the
end thereof:
Notwithstanding
any contrary provision hereof, the Purchaser shall reimburse the Seller,
promptly upon written notice, for documented out-of-pocket expenses including
reasonable accountants’ and attorneys’ fees and related costs, incurred by the
Seller in connection with any Securitization Transaction or Whole Loan
Transfer. Notwithstanding anything to the contrary set forth in this
Agreement, in no event shall Purchaser be responsible for any fees and/or
expenses incurred by Seller in connection with its obtaining accountant's
comfort for the information provided pursuant to Subsection 30.03 of this
Agreement, other than reasonable, customary, market standard expenses incurred
by issuers obtaining comfort letters from transaction parties for the
information contained in offering documents.
(p) Section
21 of the Agreement is hereby amended by adding the following sentences at
the
end thereof:
The
parties intend that faxed signatures and electronically imaged signatures such
as .pdf files shall constitute original signatures and are binding on all
parties. The original documents shall be promptly delivered, if
requested. Each counterpart shall be deemed to be an original, and
all such counterparts shall constitute one and the same instrument.
(q) The
Agreement is hereby amended by adding Attachment A hereto as Schedule
One.
SECTION
2. Defined
Terms. Any terms capitalized but not otherwise defined herein
shall have the respective meanings set forth in the Agreement.
SECTION
3. Limited
Effect. Except as amended hereby, the Agreement shall continue in full force
and effect in accordance with its terms. Reference to this Amendment need not
be
made in the Agreement or any other instrument or document executed in connection
therewith, or in any certificate, letter or communication issued or made
pursuant to, or with respect to, the Agreement, any reference in any of such
items to the Agreement being sufficient to refer to the Agreement as amended
hereby. This Amendment Number Two shall apply to all Mortgage Loans
subject to the Agreement notwithstanding that any such Mortgage Loans were
purchased prior to the date of this Amendment Number Two.
SECTION
4. Governing
Law. This Amendment Number Two shall be construed in accordance with the
laws of the State of New York and the obligations, rights, and remedies of
the
parties hereunder shall be determined in accordance with such laws without
regard to conflict of laws doctrine applied in such state (other than Section
5-1401 or 5-1402 of the New York General Obligations Law which shall
govern).
SECTION
5. Counterparts.
This Amendment Number Two may be executed by each of the parties hereto on
any
number of separate counterparts, each of which shall be an original and all
of
which taken together shall constitute one and the same
instrument. The parties intend that faxed signatures and
electronically imaged signatures such as .pdf files shall constitute original
signatures and are binding on all parties. The original documents shall be
promptly delivered, if requested.
IN
WITNESS WHEREOF, the Seller and the Purchaser have caused this Amendment Number
Two to be executed and delivered by their duly authorized officers as of the
day
and year first above written.
SUNTRUST
MORTGAGE, INC.
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|
(Seller)
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By:
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/s/ Xxx X. Xxxxxxx |
Name:
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Xxx X. Xxxxxxx
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Title:
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First Vice President
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CITIGROUP
GLOBAL MARKETS REALTY CORP.
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(Purchaser)
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By:
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/s/ Xxxxx X. Xxxxxxxxx |
Name:
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Xxxxx X. Xxxxxxxxx
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Title:
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Authorized Agent
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ATTACHMENT
A
SCHEDULE
ONE
[MORTGAGE
LOAN SCHEDULE]
Mortgage
Loan Data
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1
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The
Seller’s Mortgage Loan identifying number
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2
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A
code indicating whether the Mortgage Loan was originated as a prime
loan,
alt-a loan or subprime loan
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3
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A
code indicating whether the Mortgage Loan is an adjustable rate Mortgage
Loan or a fixed rate Mortgage Loan
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4
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The
product type of the Mortgage Loan (2/28, 15 year fixed, 30 year fixed,
15/30, 3-1, 5-1, 7-1, 10-1, 1 month, 6 month….)
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5
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A
code indicating the seller’s origination program code for the Mortgage
Loan
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6
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A
code indicating if the loan was approved by an AUS (automated underwriting
system) (CLUS, DU, LP)
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7
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The
amortization type of the Mortgage Loan (fully amortizing, interest-only,
balloon, negative amortization, payment option arm)
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8
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The
term of the balloon Mortgage Loan, if applicable
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9
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The
term of the interest-only period of the Mortgage Loan, if
applicable
|
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10
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The
Neg Am Cap of the Mortgage Loan, if applicable
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11
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The
Payment Cap of the Mortgage Loan, if applicable
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12
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The
Recast number of Months of the Mortgage loan, if
applicable
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13
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The
original principal balance of the Mortgage Loan
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14
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The
current principal balance of the Mortgage Loan
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15
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The
mortgage interest rate at origination of the Mortgage
Loan
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16
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The
monthly payment at origination of the Mortgage Loan
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17
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The
original term to maturity of the Mortgage Loan
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18
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A
code indicating the lien status of the Mortgage Loan (1st,
2nd)
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19
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A
code indicating whether the Mortgaged Property is subject to a separate
second lien
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20
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The
amount of the related second lien or First lien, if
applicable
|
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21
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A
code indicating whether the second lien on the Mortgage Loan is a
simultaneous second, if applicable
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22
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The
retained servicing fee or interim servicing fee for the Mortgage
Loan
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23
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The
retained step-up servicing fee for the Mortgage Loan, if
applicable
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24
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A
code indication if the Mortgage Loan is secured by has pledged assets
in
addition to the mortgaged property
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25
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The
value of the pledged asset
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26
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The
effective loan-to-value ratio of the pledged asset Mortgage Loan,
if
applicable
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27
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A
code indicating the income, asset and employment documentation the
Mortgage Loan was originated under
|
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28
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A
code indicating if the Mortgage Loan is subject to a mortgagor paid
or
lender paid mortgage insurance policy
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29
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The
mortgage insurance policy provider, if applicable
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30
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The
mortgage insurance coverage percentage, if applicable
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31
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The
retained lender paid mortgage insurance fee for the Mortgage Loan,
if
applicable
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32
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A
code indicating whether the Mortgage Loan is subject to a prepayment
penalty
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33
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The
prepayment penalty term, if applicable
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34
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A
code indication if the Mortgage Loan’s prepayment penalty is soft or hard,
if applicable
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35
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The
Mortgage Loan’s payment history since its origination
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36
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An
indicatation of whether Borrower/Property is currently under Bankruptcy
protection
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37
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The
origination date of the Mortgage Loan
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38
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The
first payment date of the Mortgage Loan
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39
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The
stated maturity date of the Mortgage Loan
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40
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The
due date of the Mortgage loan if the loan is an odd due date
loan
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41
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A
code indicating whether the Mortgage Loan is a temporary buy-down
Mortgage
Loan
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42
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The
buy-down term of the Mortgage Loan, if applicable
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43
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A
code indicating if the Mortgage Loan is assumable
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44
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A
code indication if the Mortgage Loan is a Relocation Mortgage
Loan
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45
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The
certificate # for loan PMI
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46
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A
string describing prepay penalty terms. If applicable
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47
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HOEPA
indicator
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48
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Origination
Channel (retail/wholesale/broker/correspondent)
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49
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The
amount of any points and fees payable by the Mortgagor in connection
with
the origination of such Mortgage Loan
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50
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A
code indicating whether the Mortgage Loan is a MERS Mortgage
Loan
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51
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The
Mortgage Loans MIN number, if applicable
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52
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Annual
Percentage Rate (APR)
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00
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XX
(XXXX Xxxxxxx Xxxxxxxxxxx) Case # or LP (FHLMC Loan Prospector) Key
#
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54
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The
Cut off Date of the Mortgage Loan Package
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55
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The
schedule balance of the Mortgage Loan as of the Cut-off Date, if
applicable
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56
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The
current balance of the Mortgage Loan as of the Cut off
Date
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57
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The
interest paid-to-date of the Mortgage Loan as of the Cut off
Date
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58
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A
code indicating if the Mortgage Loan is a Negative Amortization Mortgage
Loan and if so, the Negative Amortization Cap and the Payment Adjustment
Date;
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Borrower
Data
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||
1
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The
mortgagor’s and any co-mortgagors' debt to income
ratios
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2
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The
mortgagor's and any co-mortgagors' FICO scores
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3
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The
mortgagor's and any co-mortgagors' credit grades
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4
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The
mortgagor's occupancy status (primary residence, second home, investor
property)
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5
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The
mortgagor's borrowing purpose (purchase, rate & term refinance,
cash-out refinance)
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6
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The
date each of the credit scores was obtained
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7
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The
mortgagor's and each co-mortgagors' self-employed
status
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8
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The
mortgagor’s and
any co-mortgagors' first and last name
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9
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The
mortgagor’s and
any co-mortgagors' social security card number
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10
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The
mortgagor’s and any co-mortgagors' income at
origination
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11
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The
mortgagor's and any co-borrowers' first time home buyer
status
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12
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For
cash-out refinances, the cash purpose
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13
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The
mortgagor's and any co-mortgagors'' citizenship
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14
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The
mortgagor’s and any co-mortgagors' ethnicity
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15
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The
mortgagor’s and any co-mortgagors' gender
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16
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The
mortgagor’s and any co-mortgagors' race
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17
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The
mortgagor’s and any co-mortgagors' Age & DOB
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18
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Combine
Monthly Housing Expense
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19
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Combine
Monthly Debt Expense
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Mortgage
Property Data
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1
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The
Mortgage Loan's Property Type
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2
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The
number of units in the related mortgaged property
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3
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A
code indicating if the mortgage is secured by a leasehold estate
(Y/N)
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4
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The
sales price of the mortgaged property, if applicable
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5
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The
appraised value of the mortgaged property
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6
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The
loan to value ratio at origination of the Mortgage Loan
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7
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The
combined loan-to-value ratio at origination of the Mortgage Loan,
if
applicable
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8
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The
street address of the mortgaged property including the state, county,
city
and zip code
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9
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A
code indicating whether there is flood insurance required and existing
on
the mortgaged property
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10
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A
code indicating the form of appraisal used in the origination of
the
Mortgage Loan (i.e. form 1004, 2055, avm, bpo)
|
|
11
|
The
AVM Provider, if applicable
|
|
12
|
The
total rental income, if applicable
|
|
13
|
The
year the mortgaged property was built
|
|
14
|
The
number of bedrooms contained in the mortgaged property
|
|
15
|
Condo
Project Type (FNMA) Condo Project Name
(FHLMC)
|
|
16
|
Condo
Warrantable Flag
|
|
Adjustable
Rate Mortgage Loan Data, if applicable
|
||
1
|
The
index of the Mortgage Loan
|
|
2
|
The
current mortgage interest rate as of the Cut off Date of the Mortgage
Loan
|
|
3
|
The
gross margin of the Mortgage Loan
|
|
4
|
The
maximum mortgage interest rate under the terms of the Mortgage Note
or the
maximum interest rate increase over the life of the Mortgage
Loan
|
|
5
|
The
minimum mortgage interest rate under the terms of the Mortgage
Note
|
|
6
|
The
initial rate adjustment cap
|
|
7
|
The
initial rate adjustment floor
|
|
8
|
The
subsequent periodic rate adjustment cap
|
|
9
|
The
subsequent periodic rate adjustment floor
|
|
10
|
A
code indicating the frequency of adjustment of the related mortgage
interest rate
|
|
11
|
A
code indicating the frequency of adjustment of the related mortgage
payment
|
|
12
|
A
code indicating if the Mortgage Loan is convertible into a fixed
rate
mortgage loan
|
|
13
|
The
number of index look-back days of the Mortgage Loan
|
|
14
|
The
new interest rate rounding factor of the Mortgage loan
|
|
15
|
The
new interest rate rounding direction of the Mortgage
Loan
|
|
16
|
The
first interest rate adjustment date of the Mortgage
Loan
|
|
17
|
The
next mortgage interest rate following the Cut off Date if it is
immediately changing
|
|
18
|
The
current monthly payment as of the Cut off Date
|
|
19
|
The
first payment adjustment date
|
|
20
|
The
next monthly payment following the Cut off Date if it is immediately
changing
|
|
Servicing
Released Mortgage Loan Data, if applicable
|
||
1
|
A
code indicating if there are escrows
|
|
2
|
The
amount of the Mortgage Loan month escrows, if
applicable
|
|
3
|
The
amount contained in the Mortgage Loan escrow account, if
applicable
|
|
4
|
The
tax service contract number
|
|
5
|
The
tax service contract provider
|
|
6
|
The
transferability status of the tax service contract
|
|
7
|
The
flood insurance certificate
|
|
8
|
The
flood insurance certificate provider
|
|
9
|
Flood
Zone Code
|
|
10
|
The
transferability of the flood insurance
certificate
|