ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT

EXHIBIT 10.5

EXECUTION VERSION

ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT

THIS ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT, dated as of January 27, 2012 (the “Assignment”), is entered into by and among Redwood Residential Acquisition Corporation (the “Assignor” and, solely in its capacity as servicing administrator described herein, the “Servicing Administrator”), Sequoia Residential Funding, Inc. (the “Depositor”), Cenlar FSB, as the servicer (the “Servicer”), and U.S. Bank National Association, a national banking association, not in its individual capacity but solely as trustee (in such capacity, the “Trustee” and as referred to herein, the “Assignee”) under a Pooling and Servicing Agreement dated as of January 1, 2012 (the “Pooling and Servicing Agreement”) among the Depositor, the Assignee and Xxxxx Fargo Bank, N.A., as master servicer and securities administrator.

RECITALS

WHEREAS, the Assignor and the Servicer have entered into a certain Flow Mortgage Loan Servicing Agreement, dated as of August 1, 2011, as amended by the Amendment No. 1 to Flow Mortgage Loan Servicing Agreement dated November 3, 2011, and hereby (the “Flow Servicing Agreement”), and the Servicer is currently servicing certain mortgage loans (the “Mortgage Loans”) under the Flow Servicing Agreement; and

WHEREAS, the Assignor will sell the Mortgage Loans (the “Specified Mortgage Loans”) that are listed on the mortgage loan schedule attached as Exhibit I hereto (the “Specified Mortgage Loan Schedule”) and its rights under the Flow Servicing Agreement with respect to the Specified Mortgage Loans to the Depositor; and

WHEREAS, the Depositor will sell to the Assignee all of its right, title and interest in the Specified Mortgage Loans and its rights under the Flow Servicing Agreement with respect to the Specified Mortgage Loans; and

WHEREAS, the parties hereto have agreed that the Specified Mortgage Loans shall be subject to the terms of this Assignment.

NOW, THEREFORE, in consideration of the mutual promises contained herein and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties agree as follows:

1.           Assignment and Assumption.

(a)           Effective on and as of the date hereof, the Assignor hereby sells, assigns, conveys and transfers to the Depositor all of its right, title and interest in, to and under the Flow Servicing Agreement to the extent relating to the Specified Mortgage Loans, together with its obligations as “Owner” (as such term is defined in the Flow Servicing Agreement) to the extent relating to the Specified Mortgage Loans, and the Depositor hereby accepts such assignment from the Assignor and assumes such obligations.

(b)           Effective on and as of the date hereof, the Depositor hereby sells, assigns, conveys and transfers to the Assignee all of its right, title and interest in, to and under the Flow Servicing Agreement to the extent relating to the Specified Mortgage Loans, together with its obligations as “Owner” (as such term is defined in the Flow Servicing Agreement) to the extent relating to the Specified Mortgage Loans, the Depositor is released from all obligations under the Flow Servicing Agreement, and the Assignee hereby accepts such assignment from the Depositor.

(c)           Assignee agrees to be bound, as “Owner” (as such term is defined in the Flow Servicing Agreement), by all of the terms, covenants and conditions of the Flow Servicing Agreement relating to the Specified Mortgage Loans, and from and after the date hereof, Assignee assumes for the benefit of each of Assignor, Depositor and Servicer all of Assignor’s obligations as Owner thereunder in respect of the Specified Mortgage Loans, and Assignor is released from such obligations.

2. Recognition of the Assignee.

From and after the date hereof, subject to Section 3 below, the Servicer shall recognize the Assignee as the holder of the rights and benefits of the Owner with respect to the Specified Mortgage Loans and the Servicer will service the Specified Mortgage Loans for the Assignee as if the Assignee and the Servicer had entered into a separate servicing agreement for the servicing of the Specified Mortgage Loans in the form of the Flow Servicing Agreement with the Assignee as the Owner thereunder, the terms of which Flow Servicing Agreement are incorporated herein by reference and amended hereby.  It is the intention of the parties hereto that this Assignment will be a separate and distinct agreement, and the entire agreement, between the parties hereto to the extent of the Specified Mortgage Loans and shall be binding upon and for the benefit of the respective successors and assigns of the parties hereto.

3. Continuing Rights and Responsibilities.

(a)  Controlling Holder Rights.  The parties hereto agree and acknowledge 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 assume all of Assignee’s rights and all related responsibilities as Owner under the section of the Flow Servicing Agreement listed below:

Flow Servicing Agreement:

Section		Matter
11.20		Servicer Shall Provide Access and Information as Reasonably Required.

(b)           Notwithstanding Sections 1 and 2 above, Assignor reserves its rights under, and does not assign to Assignee or Depositor, the ongoing rights to take action and the responsibilities of the Owner under the Sections of the Flow Servicing Agreement listed below:

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Flow Servicing Agreement:

Section		Matter
Addendum I		Regulation AB Compliance Addendum

(c)           In addition, the Servicer agrees to furnish to the Assignor as well as to the Master Servicer copies of reports, notices, statements and other communications required to be delivered by the Servicer pursuant to any of the sections of the Flow Servicing Agreement referred to above and under the following sections, at the times therein specified:

Flow Servicing Agreement:

Section
11.09		Transfer of Accounts.
11.16		Statements to the Owner.
Subsection 2.04 of Addendum I		Servicer Compliance Statement.
Subsection 2.05 of Addendum I		Report on Assessment of Compliance and Attestation.

(d)           If there is no Controlling Holder under the Pooling and Servicing Agreement, then all rights and responsibilities assumed by the Controlling Holder pursuant to Section 3(a) shall terminate and revert to Assignee.  Assignor will provide thirty (30) days notice to the Servicer of any such termination or a change in the identity of the Controlling Holder of which Assignor has knowledge.

(e)           Redwood Residential Acquisition Corporation, in its capacity as Servicing Administrator under this Assignment, hereby assumes the obligations of the Owner, as assigned to the Assignee, and the obligations of the Servicing Administrator, under the Sections of the Flow Servicing Agreement, as amended by this Assignment, listed below:

Flow Servicing Agreement:

Section		Matter
Clause (i) of the last paragraph of Section 11.13		Payment by Servicing Administrator for Opinion of Counsel
Last sentence of 11.14, with respect to Servicing Advances only		Payment of Servicing Advances to Servicer

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11.17		P&I Advances
11.25(b)		Funding of P& I Advances, including without limitation funding of Prepayment Interest Shortfalls pursuant to the second paragraph of Section 11.15
11.25(c)		Funding of Servicing Advances
14.03		Payment of termination fees to Servicer

As compensation for such assumption of obligations, the Servicing Administrator shall be entitled to receive from payments on the Specified Mortgage Loans the difference, if any, between the Servicing Fee and the servicing compensation otherwise payable to the Servicer under the Flow Servicing Agreement.  In addition, the Servicing Administrator shall have all the benefits provided to the Servicing Administrator by Subsection 11.05 of the Flow Servicing Agreement.  Any failure of the Servicing Administrator to perform its obligations under this Section 3(e) shall be an additional Event of Default under the Flow Servicing Agreement, entitling the Assignee to terminate both the Servicing Administrator and the Servicer in accordance with the terms of the Flow Servicing Agreement.

(f)           The Servicing Administrator may, with the consent of the Master Servicer, exercise the rights of the Owner set forth in Section 13.01 of the Flow Servicing Agreement to terminate the Servicer following the occurrence of an Event of Default with respect to the Servicer.

(g)           The Servicing Administrator may, with the consent of the Master Servicer, exercise the rights of the Owner set forth in Section 14.03 of the Flow Servicing Agreement to terminate the Servicer without cause and transfer servicing.

(h)           If the Servicing Administrator exercises its right to terminate the Servicer pursuant to the foregoing paragraphs (f) or (g), no termination of the Servicer shall be effective unless the Servicing Administrator shall have appointed a successor Servicer under the Flow Servicing Agreement approved by the Master Servicer.

(i)            No later than March 1 of each year when any Certificates are outstanding, commencing in March 2013, the Servicing Administrator shall provide to the Master Servicer its report on assessment of compliance with applicable servicing criteria specified under Item 1122(d)((2)(iii) of Regulation AB and its compliance statement required under Item 1123 of Regulation AB.

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4. Amendment to the Flow Servicing Agreement.

The Flow Servicing Agreement is hereby amended as set forth in Appendix A hereto with respect to the Specified Mortgage Loans.  The rights and obligations under the Flow Servicing Agreement assigned to the Depositor and the Assignee pursuant to this Agreement shall be under the Flow Servicing Agreement as amended as set forth in Appendix A.

5. Representations and Warranties.

(a)        Each of the parties hereto represents and warrants that it is duly and legally authorized to enter into this Assignment.

(b)        Each of the parties hereto represents and warrants that this Assignment has been duly authorized, executed and delivered by it and (assuming due authorization, execution and delivery thereof by each of the other parties hereto) constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (regardless of whether such enforcement is considered in a proceeding in equity or at law).

6. Continuing Effect.

Except as contemplated hereby, the Flow Servicing Agreement shall remain in full force and effect in accordance with their terms.  This Assignment constitutes a Reconstitution Agreement as contemplated in Section 32 of the Flow Servicing Agreement and the Reconstitution Date shall be the date hereof with respect to the Specified Mortgage Loans listed on Exhibit I on the date hereof.

7. Governing Law.

This Assignment and the rights and obligations hereunder shall be governed by and construed in accordance with the internal laws of the State of New York.

8. Notices.

Any notices or other communications permitted or required under the Flow Servicing Agreement to be made to the Assignor and Assignee shall be made in accordance with the terms of the Flow Servicing Agreement and shall be sent to the Assignor and Assignee as follows:

Assignor:  Redwood Residential Acquisition Corporation

Xxx Xxxxxxxxx Xxxxx, Xxxxx 000

Xxxx Xxxxxx, XX  00000

Attention:  Xxxxxxx Xxxxxxx

Assignee:  U.S. Bank National Association

00 Xxxxxxxxxx Xxxxxx

XX-XX-XX0X

Xx. Xxxx, Xxxxxxxxx, 00000

Attention: Structured Finance – Sequoia Mortgage Loan Trust 2012-1

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or to such other address as may hereafter be furnished by the Assignor or Assignee to the other parties in accordance with the provisions of the Flow Servicing Agreement.

9. Counterparts.

This Assignment may be executed in counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same instrument.

10. Definitions.

Any capitalized term used but not defined in this Assignment has the same meaning as in the Flow Servicing Agreement.

11. Master Servicer.

The Servicer hereby acknowledges that Xxxxx Fargo Bank, N.A. (the “Master Servicer”) will act as master servicer and securities administrator under the Pooling and Servicing Agreement and hereby agrees to treat all inquiries, 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 Owner under the Flow Servicing Agreement, including, without limitation, the right to enforce the obligations of the Servicer and the Servicing Administrator thereunder.  Any notices or other communications permitted or required under the Flow Servicing Agreement to be made to the Assignee shall be made in accordance with the terms of the Flow Servicing Agreement and shall be sent to the Master Servicer at the following address:

Xxxxx Fargo Bank, N. A.

X.X. Xxx 00

Xxxxxxxx, Xxxxxxxx 00000

(or, for overnight deliveries, 0000 Xxx Xxxxxxxxx Xxxx, Xxxxxxxx, Xxxxxxxx  00000)

Attention: Sequoia Mortgage Trust 2012-1

Email:  xxxxx-xxx-xxxx-x-0@xxxxxxxxxx.xxx

or to such other address as may hereafter be furnished by the Master Servicer to Servicer.  Any such notices or other communications permitted or required under the Flow Servicing Agreement may be delivered in electronic format unless manual signature is required in which case a hard copy of such report or communication shall be required.

The Servicer shall make all distributions under the Flow Servicing Agreement, as they relate to the Specified Mortgage Loans, to the Master Servicer by wire transfer of immediately funds to:

Xxxxx Fargo Bank, N.A.

San Francisco, California

ABA# 000-000-000

Account #0000000000

Account Name: SAS Clearing

FFC: Account ##0000000, Sequoia Mortgage Trust 2012-1

Distribution Account

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12. Rule 17g-5 Compliance.

The Servicer hereby agrees that it shall provide information with respect to the servicing of the Mortgage Loans by the Servicer requested by any Rating Agency or nationally recognized statistical rating organization (“NRSRO”) to the Securities Administrator, as the initial Rule 17g-5 Information Provider (the “Rule 17g-5 Information Provider”), via electronic mail at xxxx00x0xxxxxxxxxxxxxxxxxxx@xxxxxxxxxx.xxx, with a subject reference of “SEMT 2012-1” and an identification of the type of information being provided in the body of such electronic mail.  The Rule 17g-5 Information Provider shall notify the Servicer in writing of any change in the identity or contact information of the Rule 17g-5 Information Provider.  The Servicer 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 Assignment 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 12 prohibit or restrict oral or written communications, or providing information, between the Servicer, 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 the Servicer, (ii) such Rating Agency’s or NRSRO’s approval of the Servicer as a residential mortgage master, special or primary servicer, or (iii) such Rating Agency’s or NRSRO’s evaluation of the Servicer’s servicing operations in general; provided, however, that the Servicer 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.

13. Successors and Assigns.

Upon a transfer of the Specified Mortgage Loans by the Assignee (other than in respect of repurchases by a seller pursuant to the related purchase agreement) to a buyer (“buyer”), such transfer shall constitute a Reconstitution subject to the terms of Section 32 of the Flow Servicing Agreement.  Upon the closing of such transfer, the rights and obligations of Owner held by the Assignor pursuant to this Assignment shall automatically terminate and the buyer shall possess all of the rights and obligations of Owner under the Flow Servicing Agreement, provided, however, that the Assignor shall remain liable for any obligations held by it as Owner arising from or attributable to the period from the date hereof to the closing date of such transfer.

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

	ASSIGNOR:
	REDWOOD RESIDENTIAL ACQUISITION CORPORATION
	By:	/s/ Xxxx Xxxxxxxxxxx
	Name:	Xxxx Xxxxxxxxxxx
	Title:	Authorized Officer
	DEPOSITOR:
	SEQUOIA RESIDENTIAL FUNDING, INC.
	By:	/s/ Xxxx Xxxxxxxxxxx
	Name:	Xxxx Xxxxxxxxxxx
	Title:	Authorized Officer
	ASSIGNEE:
	U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity but solely as Trustee
	By:	/s/ Xxxxxx Xxxxxxx-Xxxx
	Name:	Xxxxxx Xxxxxxx-Xxxx
	Title:	Vice President
	SERVICER:
	CENLAR FSB
	By:	/s/ Xxxxxxx X. Xxxxxxxxx
	Name:	Xxxxxxx X. Xxxxxxxxx
	Title:	President/CEO

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	SERVICING ADMINISTRATOR:
	REDWOOD RESIDENTIAL ACQUISITION CORPORATION
	By:	/s/ Xxxx Xxxxxxxxxxx
	Name:	Xxxx Xxxxxxxxxxx
	Title:	Authorized Officer

Accepted and agreed to by:
MASTER SERVICER:
XXXXX FARGO BANK, N.A.
By:	/s/ Xxxxxx X. Xxxxxxx
Name:	Xxxxxx X. Xxxxxxx
Title:	Vice President

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EXHIBIT I

KEY	Primary Servicer	Servicing Fee %	Servicing Fee—Flatdollar	Servicing Advance Methodology	Originator	Loan Group	Loan Number	Servicer Number	Amortization Type	Lien Position	HELOC Indicator	Loan Purpose
1	1000383	0.002500			1000536	1	1050001815	2058601997	1	1	0	9
2	1000383	0.002500			1001863	2	1000001574	212044	1	1	0	7
3	1000383	0.002500			1000536	2	0000000000	2105600365	1	1	0	7
4	1000383	0.002500			1000536	1	1050001189	2039604549	1	1	0	9
5	1000383	0.002500			1008808	2	1650001624	6008684	1	1	0	9
6	1000383	0.002500			1000312	1	1300001182	1077462	1	1	0	9
7	1000383	0.002500			1008498	2	1150001401	503279849	1	1	0	7
8	1000383	0.002500			1000536	2	1050001194	2198600379	1	1	0	7
9	1000383	0.002500			1008498	2	1150001498	503294792	1	1	0	7
10	1000383	0.002500			1000312	2	1300001380	001082302	1	1	0	9
11	1000383	0.002500			1000536	1	1050001157	0000000000	1	1	0	7
12	1000383	0.002500			1000536	1	0000000000	3726600119	1	1	0	9
13	1000383	0.002500			1000312	2	0000000000	1076082	1	1	0	7
14	1000383	0.002500			1000536	2	1050001275	2046605421	1	1	0	7
15	1000383	0.002500			1000312	2	1300001221	001081295	1	1	0	7
16	1000383	0.002500			1000536	1	1050001155	3643602404	1	1	0	3
17	1000383	0.002500			1000536	2	1050001187	3052602876	1	1	0	9
18	1000383	0.002500			1000536	1	1050001117	3602601352	1	1	0	9
19	1000383	0.002500			1000536	1	1050001249	6005600186	1	1	0	9
20	1000383	0.002500			1000536	1	1050001256	2030601875	1	1	0	9
21	1000383	0.002500			1000536	1	0000000000	3052602909	1	1	0	9
22	1000383	0.002500			1000536	1	0000000000	6014600088	2	1	0	7
23	1000383	0.002500			1008498	2	1150001373	503260869	1	1	0	9
24	1000383	0.002500			1000536	2	1050001169	3726600244	1	1	0	7
25	1000383	0.002500			1008498	2	1150001400	503281720	1	1	0	3
26	1000383	0.002500			1008498	2	1150001395	503266350	1	1	0	9
27	1000383	0.002500			1000536	2	1050001307	20631100547	1	1	0	7
28	1000383	0.002500			1000536	1	1050001777	2027602195	2	1	0	7
29	1000383	0.002500			1000536	1	1050001254	21871100062	1	1	0	9
30	1000383	0.002500			1008498	2	1150001371	503283192	1	1	0	9
31	1000383	0.002500			1008498	2	1150001970	503278341	1	1	0	9
32	1000383	0.002500			1000536	1	1050001253	6005600275	1	1	0	9
33	1000383	0.002500			1000536	2	1050001168	3726600200	1	1	0	9
34	1000383	0.002500			1008498	2	1150001597	503275972	1	1	0	9
35	1000383	0.002500			1000536	1	0000000000	6005600235	1	1	0	9
36	1000383	0.002500			1008498	2	1150001383	503272061	1	1	0	9
37	1000383	0.002500			1000536	1	1050001433	3602601464	1	1	0	9
38	1000383	0.002500			1000312	2	1300001516	001080666	1	1	0	7
39	1000383	0.002500			1000312	1	1300001012	001070685	2	1	0	7
40	1000383	0.002500			1008498	2	1150001399	503260793	1	1	0	9
41	1000383	0.002500			1008498	2	1150001384	503273065	1	1	0	9
42	1000383	0.002500			1008498	2	0000000000	503234706	1	1	0	9
43	1000383	0.002500			1008498	2	1150001855	503335768	1	1	0	7
44	1000383	0.002500			1000536	1	0000000000	2198600438	1	1	0	9
45	1000383	0.002500			1008498	2	1150001417	503280657	1	1	0	7
46	1000383	0.002500			1000536	2	1050001063	2177600280	1	1	0	9
47	1000383	0.002500			1008498	2	1150001374	503276011	1	1	0	7
48	1000383	0.002500			1008498	2	1150001527	503285149	1	1	0	9
49	1000383	0.002500			1008498	2	1150001375	503278520	1	1	0	7
50	1000383	0.002500			1000536	1	1050001284	2108600297	1	1	0	9
51	1000383	0.002500			1008498	2	1150001378	503257737	1	1	0	3
52	1000383	0.002500			1000536	2	1050001115	20321100005	1	1	0	9
53	1000383	0.002500			1008498	2	1150001385	503273469	1	1	0	9
54	1000383	0.002500			1003970	2	1400001469	0000000000	1	1	0	7
55	1000383	0.002500			1008498	2	1150001402	503259752	1	1	0	9
56	1000383	0.002500			1008808	2	1650001511	6010270	1	1	0	9
57	1000383	0.002500			1000536	1	1050001317	21491100132	2	1	0	9
58	1000383	0.002500			1003970	2	1400001741	2011000933	1	1	0	3
59	1000383	0.002500			1008498	2	1150001503	503299399	1	1	0	9
60	1000383	0.002500			1000536	2	1050001195	3705600434	1	1	0	9
61	1000383	0.002500			1008498	2	1150001387	503273456	1	1	0	9
62	1000383	0.002500			1008498	2	1150001556	503273037	1	1	0	7
63	1000383	0.002500			1008498	2	0000000000	503255085	1	1	0	7
64	1000383	0.002500			1000536	1	1050001227	2218601128	1	1	0	7
65	1000383	0.002500			1008498	2	1150001397	503272937	1	1	0	9
66	1000383	0.002500			1000312	1	1300001270	001082241	2	1	0	7
67	1000383	0.002500			1008498	1	1150001632	503279768	2	1	0	9
68	1000383	0.002500			1008498	2	1150001481	503302762	1	1	0	7
69	1000383	0.002500			1008498	1	1150001694	503251726	2	1	0	7
70	1000383	0.002500			1001863	2	1000001642	224051	1	1	0	7
71	1000383	0.002500			1008498	2	1150001376	503256518	1	1	0	9
72	1000383	0.002500			1008498	2	1150001537	503279494	1	1	0	9
73	1000383	0.002500			1008498	2	1150001411	503281800	1	1	0	9
74	1000383	0.002500			1000536	2	1050001338	0000000000	1	1	0	7
75	1000383	0.002500			1008498	2	1150001517	503253990	1	1	0	9
76	1000383	0.002500			1008498	2	1150001899	503272246	1	1	0	9
77	1000383	0.002500			1008498	2	1150001755	503326005	1	1	0	7
78	1000383	0.002500			1000312	2	1300001580	001085417	1	1	0	7
79	1000383	0.002500			1003970	2	1400001850	2011001782	1	1	0	9
80	1000383	0.002500			1000312	2	0000000000	001081489	1	1	0	9
81	1000383	0.002500			1000536	2	1050001179	2001708341	1	1	0	9
82	1000383	0.002500			1000536	2	1050001094	2154601108	1	1	0	7
83	1000383	0.002500			1000536	2	1050001229	2154601170	1	1	0	9
84	1000383	0.002500			1000312	1	1300001283	001078858	1	1	0	3
85	1000383	0.002500			1000312	2	1300001174	001080934	1	1	0	9
86	1000383	0.002500			1000312	2	1300001211	001081407	1	1	0	9
87	1000383	0.002500			1000536	1	1050001750	2045701120	1	1	0	9
88	1000383	0.002500			1000536	1	1050001512	2051601642	2	1	0	7
89	1000383	0.002500			1000536	2	1050000963	2238600275	1	1	0	9
90	1000383	0.002500			1001863	2	1000001250	231027	1	1	0	9
91	1000383	0.002500			1001863	1	1000001251	231043	1	1	0	9
92	1000383	0.002500			1000536	1	1050001222	3651604471	1	1	0	7
93	1000383	0.002500			1000536	2	1050001758	3706601428	1	1	0	9
94	1000383	0.002500			1000536	1	1050001067	0000000000	2	1	0	9
95	1000383	0.002500			1008498	2	1150001681	503254794	1	1	0	3
96	1000383	0.002500			1008498	2	1150001486	503301258	1	1	0	9
97	1000383	0.002500			1008498	2	1150001768	503325948	1	1	0	7
98	1000383	0.002500			1008498	2	1150001888	503339764	1	1	0	7
99	1000383	0.002500			1008808	1	1650001458	6010180	1	1	0	9
100	1000383	0.002500			1008808	2	1650001762	8000383	1	1	0	9

KEY	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	Hybrid Period of Most Senior Lien (in months)	Neg Am Limit of Most Senior Lien	Junior Mortgage Balance
1						1	4	0				0.00
2						1	4	0				0.00
3						1	4	0				0.00
4						1	4	0				0.00
5						1	4	0				0.00
6						1	4	0				0.00
7						2	4	0				0.00
8						1	4	0				0.00
9						1	4	0				0.00
10						1	0	0				0.00
11						1	4	0				0.00
12						1	0	0				0.00
13						1	4	0				0.00
14						1	4	0				0.00
15						1	0	0				0.00
16						1	0	0				0.00
17						1	0	0				0.00
18						1	0	0				0.00
19						1	0	0				0.00
20						1	0	0				0.00
21						1	0	0				0.00
22						1	4	0				0.00
23						2	4	0				0.00
24						1	0	0				0.00
25						4	4	0				0.00
26						2	4	0				0.00
27						1	4	0				0.00
28						1	4	0				0.00
29						1	4	0				70000.00
30						2	4	0				0.00
31						4	0	0				0.00
32						1	4	0				0.00
33						1	0	0				0.00
34						4	0	0				0.00
35						1	4	0				0.00
36						2	0	0				0.00
37						1	4	0				0.00
38						1	4	0				0.00
39						1	4	0				0.00
40						2	0	0				0.00
41						4	4	0				0.00
42						4	0	0				0.00
43						4	4	0				0.00
44						1	0	0				301775.00
45						4	0	0				0.00
46						1	4	0				0.00
47						4	0	0				0.00
48						4	0	0				0.00
49						4	0	0				0.00
50						1	0	0				0.00
51						4	0	0				0.00
52						1	0	0				0.00
53						4	0	0				0.00
54						1	4	0				0.00
55						4	0	0				0.00
56						1	0	0				0.00
57						1	0	0				300000.00
58						1	0	0				0.00
59						4	0	0				0.00
60						1	4	0				0.00
61						4	0	0				0.00
62						2	0	0				0.00
63						4	4	0				0.00
64						1	0	0				0.00
65						4	0	0				0.00
66						1	0	0				0.00
67						4	0	0				0.00
68						4	4	0				0.00
69						4	0	0				0.00
70						1	4	0				0.00
71						4	0	0				0.00
72						4	0	0				0.00
73						4	4	0				0.00
74						1	4	0				0.00
75						4	4	0				0.00
76						4	0	0				0.00
77						2	4	0				0.00
78						1	4	0				0.00
79						1	0	0				0.00
80						1	4	0				0.00
81						1	0	0				0.00
82						1	4	0				0.00
83						1	0	0				500000.00
84						1	0	0				0.00
85						1	0	0				0.00
86						1	0	0				0.00
87						1	4	0				0.00
88						1	0	0				0.00
89						1	0	0				0.00
90						1	4	0				0.00
91						1	4	0				0.00
92						1	0	0				0.00
93						1	0	0				250000.00
94						1	4	0				0.00
95						2	4	0				0.00
96						4	0	0				0.00
97						4	4	0				0.00
98						4	4	0				0.00
99						1	4	0				0.00
100						1	0	0				0.00

KEY	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	Interest Type Indicator	Original Interest Only Term	Buy Down Period	HELOC Draw Period	Current Loan Amount
1		20111019	435500.00	0.037500	180	180	20111201	1	0	0		431882.13
2		20111010	445000.00	0.046250	360	360	20111201	1	0	0		443855.88
3		20110916	482400.00	0.048750	360	360	20111101	1	0	0		480613.31
4		20110921	485000.00	0.038750	180	180	20111101	1	0	0		479007.60
5		20110928	486500.00	0.051250	360	360	20111101	1	0	0		482622.58
6		20110822	490000.00	0.041250	180	180	20111001	1	0	0		482075.80
7		20110923	500000.00	0.048750	360	360	20111101	1	0	0		498148.12
8		20110824	508000.00	0.046250	360	360	20111001	1	0	0		505369.20
9		20111004	508000.00	0.047500	360	360	20111201	1	0	0		506719.19
10		20110916	510000.00	0.048750	360	360	20111101	1	0	0		508111.10
11		20110805	530800.00	0.047500	180	180	20111001	1	0	0		522641.13
12		20110819	536250.00	0.036250	180	180	20111001	1	0	0		527222.64
13		20110819	542500.00	0.047500	360	360	20111001	1	0	0		539753.57
14		20110915	546400.00	0.047500	360	360	20111101	1	0	0		544329.48
15		20110923	546800.00	0.048750	360	360	20111101	1	0	0		544628.93
16		20110826	555000.00	0.038750	180	180	20111001	1	0	0		545842.15
17		20110907	560000.00	0.047500	360	360	20111101	1	0	0		557877.94
18		20110926	566175.00	0.045000	180	180	20111101	1	0	0		559526.00
19		20110524	590000.00	0.041250	180	180	20110701	1	0	0		561133.49
20		20110926	572000.00	0.037500	180	180	20111101	1	0	0		562851.72
21		20110923	575500.00	0.037500	180	180	20111101	1	0	0		567502.58
22		20110727	578250.00	0.032500	360	360	20110901	1	0	0		573466.24
23		20110919	580000.00	0.052500	360	360	20111101	1	0	0		577050.67
24		20110808	586800.00	0.048750	360	360	20111001	1	0	0		583896.31
25		20110914	591000.00	0.047500	360	360	20111101	1	0	0		588578.53
26		20110912	603750.00	0.047500	360	360	20111101	1	0	0		601462.15
27		20110915	612000.00	0.047500	360	360	20111101	1	0	0		609680.90
28		20111006	622400.00	0.035000	360	360	20111201	1	0	0		620438.11
29		20111003	628000.00	0.038750	180	180	20111201	1	0	0		622835.51
30		20110923	660000.00	0.046250	360	360	20111101	1	0	0		655073.23
31		20111031	668000.00	0.045000	360	360	20120101	1	0	0		667120.34
32		20111003	677000.00	0.038750	180	180	20111201	1	0	0		671432.54
33		20110819	680000.00	0.047500	360	360	20111001	1	0	0		676557.50
34		20111003	681600.00	0.048750	360	360	20111101	1	0	0		679075.54
35		20110926	690000.00	0.038750	180	180	20111101	1	0	0		681474.72
36		20110914	690000.00	0.048750	360	360	20111101	1	0	0		683415.92
37		20110928	700000.00	0.037500	180	180	20111101	1	0	0		691263.58
38		20111010	700000.00	0.048750	360	360	20111201	1	0	0		698275.08
39		20110915	716000.00	0.042500	360	360	20111101	1	0	0		713030.13
40		20110906	717000.00	0.046250	360	360	20111101	1	0	0		714139.56
41		20110923	733000.00	0.048750	360	360	20111101	1	0	0		730285.13
42		20111006	760000.00	0.052500	360	360	20111201	1	0	0		758252.69
43		20111028	762350.00	0.050000	360	360	20111201	1	0	0		760514.18
44		20110922	780000.00	0.036250	180	180	20111101	1	0	0		769411.60
45		20110901	780000.00	0.053750	360	360	20111101	1	0	0		777366.05
46		20110826	785000.00	0.045000	360	360	20111001	1	0	0		779918.05
47		20110916	791250.00	0.045000	360	360	20111101	1	0	0		788112.38
48		20111026	795000.00	0.048750	360	360	20111201	1	0	0		793040.99
49		20110830	800000.00	0.046250	360	360	20111001	1	0	0		795856.97
50		20111005	813450.00	0.037500	180	180	20111201	1	0	0		806492.34
51		20110928	824000.00	0.047500	360	360	20111101	1	0	0		820877.55
52		20110915	826000.00	0.050000	360	360	20111101	1	0	0		821878.12
53		20110926	828500.00	0.051250	360	360	20111101	1	0	0		825569.47
54		20110907	850000.00	0.047500	360	360	20111101	1	0	0		846779.02
55		20110902	870000.00	0.053750	360	360	20111101	1	0	0		867062.26
56		20111012	875000.00	0.048750	360	360	20111201	1	0	0		872843.87
57		20111013	887000.00	0.035000	360	360	20111201	1	0	0		874982.50
58		20111011	892000.00	0.046250	360	360	20111201	1	0	0		889699.17
59		20111107	892000.00	0.047500	360	360	20120101	1	0	0		890877.74
60		20110826	920000.00	0.046250	360	360	20111001	1	0	0		914666.20
61		20110919	923000.00	0.047500	360	360	20111101	1	0	0		919502.38
62		20111012	945000.00	0.048750	360	360	20111201	1	0	0		942671.36
63		20110912	980000.00	0.052500	360	360	20111101	1	0	0		969104.25
64		20110927	999900.00	0.038750	180	180	20111101	1	0	0		987545.74
65		20110912	992000.00	0.047500	360	360	20111101	1	0	0		987613.21
66		20110829	1000000.00	0.030000	360	360	20111001	1	0	0		993110.06
67		20110921	1000000.00	0.042500	360	360	20111101	1	0	0		995852.15
68		20110923	1000000.00	0.047500	360	360	20111101	1	0	0		996211.64
69		20111026	999900.00	0.046250	360	360	20111201	1	0	0		997320.84
70		20111011	1000000.00	0.046250	360	360	20111201	1	0	0		997420.58
71		20110909	1000000.00	0.048750	360	360	20111101	1	0	0		996296.25
72		20110912	1000000.00	0.043750	360	360	20111101	1	0	0		995944.19
73		20110927	1050000.00	0.050000	360	360	20111201	1	0	0		1047471.48
74		20110916	1080000.00	0.048750	360	360	20111101	1	0	0		1075999.95
75		20110902	1130000.00	0.048750	360	360	20111101	1	0	0		1122896.90
76		20111026	1147000.00	0.053750	360	360	20111201	1	0	0		1144423.98
77		20111025	1155000.00	0.048750	360	360	20111201	1	0	0		1152153.89
78		20111005	1176000.00	0.047500	360	360	20111201	1	0	0		1173035.00
79		20111110	1271702.00	0.046250	360	360	20120101	1	0	0		1270065.03
80		20110930	1500000.00	0.047500	360	360	20111101	1	0	0		1493921.58
81		20110926	1818750.00	0.048750	360	360	20111101	1	0	0		1812013.82
82		20110829	1950000.00	0.048750	360	360	20111001	1	0	0		1930350.65
83		20110929	2000000.00	0.046250	360	360	20111101	1	0	0		1992246.82
84		20111019	820000.00	0.038750	180	180	20111201	1	0	0		813256.57
85		20110914	507000.00	0.050000	360	360	20111101	1	0	0		505164.80
86		20110926	525000.00	0.047500	360	360	20111101	1	0	0		523010.57
87		20111025	581950.00	0.038750	180	180	20111201	1	0	0		577164.21
88		20111014	826000.00	0.035000	360	360	20111201	1	0	0		823396.33
89		20110815	1844500.00	0.048750	360	360	20111001	1	0	0		1835372.70
90		20111020	800000.00	0.048750	360	360	20111201	1	0	0		798028.66
91		20111024	640000.00	0.036250	180	180	20111201	1	0	0		634374.27
92		20110914	500000.00	0.041250	180	180	20111101	1	0	0		493945.97
93		20110916	1114000.00	0.047500	360	360	20111101	1	0	0		1109778.64
94		20110817	671000.00	0.033750	360	360	20111001	1	0	0		666664.63
95		20111103	864000.00	0.048750	360	360	20120101	1	0	0		862937.64
96		20111103	1388500.00	0.048750	360	360	20120101	1	0	0		1386792.72
97		20111108	580000.00	0.053750	360	360	20120101	1	0	0		579350.09
98		20111109	763000.00	0.045000	360	360	20120101	1	0	0		761995.24
99		20111017	1290000.00	0.038750	180	180	20111201	1	0	0		1279391.41
100		20111025	758000.00	0.051250	360	360	20111201	1	0	0		756216.36

KEY	Current Interest Rate	Current Payment Amount Due	Interest Paid Through Date	Current Payment Status	Index Type	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)
1	0.037500	3167.05	20120101	0	0
2	0.046250	2287.92	20120101	0	0
3	0.048750	2552.90	20120101	0	0
4	0.038750	3557.18	20120101	0	0
5	0.051250	2648.93	20120101	0	0
6	0.041250	3655.24	20120101	0	0
7	0.048750	2646.04	20120101	0	0
8	0.046250	2611.83	20120101	0	0
9	0.047500	2649.97	20120101	0	0
10	0.048750	2698.96	20120101	0	0
11	0.047500	4128.73	20120101	0	0
12	0.036250	3866.56	20120101	0	0
13	0.047500	2829.94	20120101	0	0
14	0.047500	2850.28	20120101	0	0
15	0.048750	2893.71	20120101	0	0
16	0.038750	4070.59	20120101	0	0
17	0.047500	2921.23	20120101	0	0
18	0.045000	4331.20	20120101	0	0
19	0.041250	4401.21	20120101	0	0
20	0.037500	4159.71	20120101	0	0
21	0.037500	4185.17	20120101	0	0
22	0.032500	2516.58	20120101	0	39	45	0.022500	3	0.001250	60	0.050000	0.050000
23	0.052500	3202.78	20120101	0	0
24	0.048750	3105.39	20120101	0	0
25	0.047500	3082.94	20120101	0	0
26	0.047500	3149.45	20120101	0	0
27	0.047500	3192.48	20120101	0	0
28	0.035000	2794.85	20120101	0	39	45	0.022500	3	0.001250	60	0.050000	0.050000
29	0.038750	4606.00	20120101	0	0
30	0.046250	3393.32	20120101	0	0
31	0.045000	3384.66	20120101	0	0
32	0.038750	4965.39	20120101	0	0
33	0.047500	3547.20	20120101	0	0
34	0.048750	3607.08	20120101	0	0
35	0.038750	5060.73	20120101	0	0
36	0.048750	3651.54	20120101	0	0
37	0.037500	5090.56	20120101	0	0
38	0.048750	3704.46	20120101	0	0
39	0.042500	3522.29	20120101	0	39	45	0.022500	3	0.001250	120	0.050000	0.050000
40	0.046250	3686.38	20120101	0	0
41	0.048750	3879.10	20120101	0	0
42	0.052500	4196.75	20120101	0	0
43	0.050000	4092.46	20120101	0	0
44	0.036250	5624.09	20120101	0	0
45	0.053750	4367.78	20120101	0	0
46	0.045000	3977.48	20120101	0	0
47	0.045000	4009.15	20120101	0	0
48	0.048750	4207.21	20120101	0	0
49	0.046250	4113.12	20120101	0	0
50	0.037500	5915.59	20120101	0	0
51	0.047500	4298.37	20120101	0	0
52	0.050000	4434.15	20120101	0	0
53	0.051250	4511.07	20120101	0	0
54	0.047500	4434.00	20120101	0	0
55	0.053750	4871.75	20120101	0	0
56	0.048750	4630.57	20120101	0	0
57	0.035000	3983.03	20120101	0	39	45	0.022500	3	0.001250	60	0.050000	0.050000
58	0.046250	4586.12	20120101	0	0
59	0.047500	4653.09	20120101	0	0
60	0.046250	4730.08	20120101	0	0
61	0.047500	4814.81	20120101	0	0
62	0.048750	5001.02	20120101	0	0
63	0.052500	5411.60	20120101	0	0
64	0.038750	7333.66	20120101	0	0
65	0.047500	5174.74	20120101	0	0
66	0.030000	4216.04	20120101	0	39	45	0.022500	3	0.001250	60	0.050000	0.050000
67	0.042500	4919.40	20120101	0	39	30	0.022500	3	0.001250	120	0.050000	0.050000
68	0.047500	5216.47	20120101	0	0
69	0.046250	5140.88	20120101	0	39	45	0.022500	3	0.001250	120	0.050000	0.050000
70	0.046250	5141.40	20120101	0	0
71	0.048750	5292.08	20120101	0	0
72	0.043750	4992.85	20120101	0	0
73	0.050000	5636.63	20120101	0	0
74	0.048750	5715.45	20120101	0	0
75	0.048750	5980.05	20120101	0	0
76	0.053750	6422.87	20120101	0	0
77	0.048750	6112.36	20120101	0	0
78	0.047500	6134.57	20120101	0	0
79	0.046250	6538.32	20120101	0	0
80	0.047500	7824.71	20120101	0	0
81	0.048750	9624.97	20120101	0	0
82	0.048750	319.56	20120101	0	0
83	0.046250	282.79	20120101	0	0
84	0.038750	6014.20	20120101	0	0
85	0.050000	2721.69	20120101	0	0
86	0.047500	2738.65	20120101	0	0
87	0.038750	4268.25	20120101	0	0
88	0.035000	3709.11	20120101	0	39	45	0.022500	3	0.001250	60	0.050000	0.050000
89	0.048750	9761.25	20120101	0	0
90	0.048750	4233.67	20120101	0	0
91	0.036250	4614.64	20120101	0	0
92	0.041250	3729.84	20120101	0	0
93	0.047500	5811.15	20120101	0	0
94	0.033750	2966.47	20120101	0	39	45	0.022500	3	0.001250	60	0.050000	0.050000
95	0.048750	4572.36	20120101	0	0
96	0.048750	7348.06	20120101	0	0
97	0.053750	3247.83	20120101	0	0
98	0.045000	3866.01	20120101	0	0
99	0.038750	9461.37	20120101	0	0
100	0.051250	4127.21	20120101	0	0

KEY	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
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22	12	0.020000	0.020000	0.082500	0.022500
23
24
25
26
27
28	12	0.020000	0.020000	0.085000	0.022500
29
30
31
32
33
34
35
36
37
38
39	12	0.020000	0.020000	0.092500	0.022500
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57	12	0.020000	0.020000	0.085000	0.022500
58
59
60
61
62
63
64
65
66	12	0.020000	0.020000	0.080000	0.022500
67	12	0.020000	0.020000	0.092500	0.022500
68
69	12	0.020000	0.020000	0.096250	0.022500
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88	6	0.020000	0.020000	0.085000	0.022500
89
90
91
92
93
94	6	0.020000	0.020000	0.083750	0.022500
95
96
97
98
99
100

KEY	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
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22	12	0.020000	0.020000	0.082500	0.022500
23
24
25
26
27
28	12	0.020000	0.020000	0.085000	0.022500
29
30
31
32
33
34
35
36
37
38
39	12	0.020000	0.020000	0.092500	0.022500
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57	12	0.020000	0.020000	0.085000	0.022500
58
59
60
61
62
63
64
65
66	12	0.020000	0.020000	0.080000	0.022500
67	12	0.020000	0.020000	0.092500	0.022500
68
69	12	0.020000	0.020000	0.096250	0.022500
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88	6	0.020000	0.020000	0.085000	0.022500
89
90
91
92
93
94	6	0.020000	0.020000	0.083750	0.022500
95
96
97
98
99
100

KEY	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	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 Xxxxxxxx XXXX
0	0	00	0	0								000
0	1.8		0	1								809
3	2.08		0	1								720
4	29	18	8	1								802
5	12	11	18.6	1								765
6	2		6	1								819
7	6		0	1								748
8	0.01		0	1								793
9	0		0	1								777
10	17	3	2	1								806
11	2	0	0	1								792
12	13.58		10	1								742
13	12		0	1								748
14	9		0	1								791
15	17		0	1								783
16	21		1.1	1								804
17	18.5		4	1								750
18	21		14	1								797
19	18		8	1	20111205							796
20	20		8	1								781
21	16	8	1.5	1								793
22	9.05	12	0	1	20111205							765
23	6	5	6	1								742
24	9.1		0	1								779
25	0		3	1								745
26	0		5	1								765
27	10.67	14	0	1								755
28	24.4		0	1								717
29	1.47		1.42	1								765
30	6		8	1								793
31	0		11	1								711
32	0		5	1								716
33	16.5		4	1								786
34	3		1	1								767
35	5		6	1								779
36	0		4	1								813
37	3.5		2	1								791
38	9		0	1								784
39	2.83	10	0	1								780
40	0		2	1								710
41	0		0	1								778
42	0		3	1								786
43	0	3	0	1								788
44	6.67		5	1								786
45	0	6	0	1								743
46	15		1	1								768
47	0		0	1								752
48	0		16	1								755
49	0		0	1								792
50	25		4	1								750
51	0	2	0	1								753
52	13		4	1								726
53	0		4	1								812
54	0		0	1								707
55	0		3	1								757
56	24		24	1								796
57	50.42		27.08	1								808
58	6	15	6	1								727
59	0		2	1								766
60	13.9	4	5.5	1								773
61	0		2	1								785
62	0		0	1								731
63	9	0	0	1								768
64	15		0	1								775
65	9		1	1								778
66	19		0	1								802
67	3		1	1								797
68	0	19	0	1								720
69	0	6	0	1								705
70	21		0	1								774
71	3		3	1								753
72	0		9	1								782
73	0		1	1								757
74	0.6		0	1								787
75	9		8	1								726
76	0	6	8	1								795
77	0		0	1								782
78	7	6	0	1								755
79	0	7	11	1								788
80	16		0.5	1								799
81	30		18	1								776
82	6.8	29	0	1								780
83	17		8	1								778
84	20		5	1								736
85	2	13	0.8	1								798
86	10		4	1								775
87	5		5	1								797
88	27.2		0	1								800
89	2.5		0.08	1								775
90	10		1.9	1								814
91	5		3.5	1								773
92	0		0	1								781
93	6.8		1.4	1								781
94	3.75		0.75	1								770
95	4		4	1								745
96	26		4	1								792
97	6		0	1								763
98	6	3	0	1								797
99	6.2		6	1								788
100	10.5		0.01	1								761

KEY	Most Recent Primary Borrower FICO	Most Recent Co- Borrower FICO	Most Recent FICO Method	VantageScore: Primary Borrower	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
1												000000000000
2												000000000000
3												000000000000
4												000000000000
5												000000000000
6												000000000000
7												000000000000
8												000000000000
9												000000000000
10												000000000000
11												000000000000
12												000000000000
13												000000000000
14												000000000000
15												000000000000
16												000000000000
17												000000000000
18												000000000000
19	755		3									000000000000
20												000000000000
21												000000000000
22	747		3									000000000000
23												000000000000
24												000000000000
25												000000000000
26												000000000000
27												000000000000
28												000000000000
29												000000000000
30												000000000000
31												000000000000
32												000000000000
33												000000000000
34												000000000000
35												000000000000
36												000000000000
37												000000000000
38												000000000000
39												000000000000
40												000000000000
41												000000000000
42												000000000000
43												000000000000
44												000000000000
45												000000000000
46												000000000000
47												000000000000
48												000000000000
49												000000000000
50												000000000000
51												000000000000
52												000000000000
53												000000000000
54												000000000000
55												000000000000
56												000000000000
57												000000000000
58												000000000000
59												000000000000
60												000000000000
61												000000000000
62												000000000000
63												000000000000
64												000000000000
65												000000000000
66												000000000000
67												000000000000
68												000000000000
69												000000000000
70												000000000000
71												000000000000
72												000000000000
73												000000000000
74												000000000000
75												000000000000
76												000000000000
77												000000000000
78												000000000000
79												000000000000
80												000000000000
81												000000000000
82												000000000000
83												000000000000
84												000000000000
85												000000000000
86												000000000000
87												000000000000
88												000000000000
89												000000000000
90												000000000000
91												000000000000
92												000000000000
93												000000000000
94												000000000000
95												000000000000
96												000000000000
97												000000000000
98												000000000000
99												000000000000
100												000000000000

KEY	Months Foreclosure	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	Co-Borrower Employment Verification	Borrower Asset Verification
1		0	29904	4437.31	0	29904.12	34341.43	1	5		3		4
2		10833.33		0		10833.33	10833.33	1	5		3		4
3		19250		0		19250	19250	1	5		3		4
4		6460.86	3400	150	0	9860.86	10010.86	1	5		3		4
5		6390	8637	0	0	15027	15027	1	5		3		4
6		14008.32		661		14008.32	14669.32	1	5		3		4
7		19900.25		0		19900.25	19900.25	1	5		3		4
8		16666.67		0		16666.67	16666.67	1	5		3		4
9		18250		0		18250	18250	1	5		3		3
10		15165.89	902	-262.63	0	16067.89	15805.26	1	5		3		4
11		9583.34	7917	0	0	17500.02	17500.02	1	5		3		4
12		0		54148		0	54148	1	5		3		4
13		10485.5		0		10485.5	10485.5	1	5		3		4
14		23852		0		23852	23852	1	5		3		4
15		51074		2548		51074	53622	1	5		3		4
16		25367.92		0		25367.92	25367.92	1	5		3		4
17		58142.45		0		58142.45	58142.45	1	5		3		4
18		18563		1977		18563	20540	1	5		3		4
19		0	0	10457.38	10605	0	21062.51	1	5		3		3
20		20454	27346	0	0	47800	47800	1	5		3		4
21		10751.25	7920	52.67	-2716	18671.25	16008	1	5		3		4
22		11799.99	12917	0	0	24716.66	24716.66	1	5		3		4
23		28545.84	0	0	0	28545.84	28545.84	1	5		3		4
24		14249.99		0		14249.99	14249.99	1	5		3		4
25		18335.2		0		18335.2	18335.2	1	5		3		3
26		25000.02		0		25000.02	25000.02	1	5		3		4
27		0	4767	16269	0	4766.67	21035.67	1	5		3		4
28		15416.66		1542.01		15416.66	16958.67	0	0		0		0
00		00000	0	-000	-000	43750.08	42911.08	1	5		3		4
30		16157.08	0	0	0	16157.08	16157.08	1	5		3		4
31		13000	0	5802	1906	13000	20708	1	5		3		4
32		0		57950		0	57950	1	5		3		4
33		7083.34	5955	0	0	13038.17	13038.17	1	5		3		4
34		14642.85	0	0	0	14642.85	14642.85	1	5		3		4
35		20320	10381	0	0	30701	30701	1	5		3		4
36		14105.83		0		14105.83	14105.83	1	5		3		4
37		17672		0		17672	17672	1	5		3		4
38		17410.92		3889.05		17410.92	21299.97	1	5		3		4
39		12595	6485	2364.34	0	19080.01	21444.35	1	5		3		4
40		138883.21		0		138883.21	138883.21	1	5		3		4
41		18566.17	0	0	0	18566.17	18566.17	1	5		3		4
42		19564	0	0		19564	19564	1	5		3		4
43		20155.84		0		20155.84	20155.84	1	5		3		4
44		25714.92		-3770.58		25714.92	21944.34	1	5		2		4
45		23036.25		0		23036.25	23036.25	1	5		3		4
46		19276		0		19276	19276	1	5		3		4
47		20258.28	6626.53	0	0	26884.81	26884.81	1	5		3		4
48		18176.17	0	0	0	18176.17	18176.17	1	5		3		4
49		26624		0		26624	26624	1	5		3		4
50		23433.32	23433	5897.15	2148	46866.64	54911.79	1	5		3		4
51		10404.83	10232.5	0	0	20637.33	20637.33	1	5		3		4
52		13892		0		13892	13892	1	5		3		4
53		0	0	28666.53	858.9	0	29525.43	1	5		3		4
54		55614	0	0	0	55614	55614	1	5		3		3
55		53839	5633	1076	0	59472	60548	1	5		3		4
56		8200		7170		8200	15370	1	5		3		4
57		32916.67		0		32916.67	32916.67	1	5		3		4
58		16666.67	23483	0	0	40149.67	40149.67	1	5		3		4
59		51069		0		51069	51069	1	5		3		4
60		19833.34	14166	0	0	33999.34	33999.34	1	5		3		4
61		16905.99	0	0	0	16905.99	16905.99	1	5		3		4
62		77248.33		0		77248.33	77248.33	1	5		3		4
63		20833.33	8583.34	0	0	29416.67	29416.67	1	5		3		4
64		0		20868.08		0	20868.08	1	5		3		4
65		0		31502		0	31502	1	5		3		4
66		13132.49		14842.16		13132.49	27974.65	1	5		3		4
67		12366.67	12904.1	0	0	25270.77	25270.77	1	5		3		4
68		63351.83		0		63351.83	63351.83	1	5		3		4
69		22083		38750		22083	60833	1	5		3		4
70		21416.66		6316.33		21416.66	27732.99	1	5		3		4
71		4166.67	0	27097.41	0	4166.67	31264.08	1	5		3		4
72		28947.5		0		28947.5	28947.5	1	5		3		4
73		47970.76	0	0	0	47970.76	47970.76	1	5		3		4
74		20833.33		0		20833.33	20833.33	1	5		3		4
75		63694.38		0		63694.38	63694.38	1	5		3		3
76		36241		0		36241	36241	1	5		3		3
77		83728.33	0	0	0	83728.33	83728.33	1	5		3		4
78		24638.46	10948	3333	-2445	35586.46	36474.46	1	5		3		4
79		41666.67	0	0	0	41666.67	41666.67	1	5		3		4
80		38560		-44		38560	38516	1	5		3		3
81		0		59613		0	59613	1	5		3		4
82		18333.33	5892	15414	0	24225.66	39639.66	1	5		3		4
83		82488		-640		82488	81848	1	5		3		4
84		40561	12962	0	0	53523	53523	1	5		3		4
85		8870	9119	0	0	17989.07	17989.07	1	5		3		4
86		141365		-103		141365	141262	1	5		3		4
87		30466		-4349		30466	26117	1	5		3		4
88		28337.01		0		28337.01	28337.01	1	5		3		4
89		60838		1216.16		60838	62054.16	1	5		3		4
90		73902		0		73902	73902	1	5		3		4
91		22083.33		25369.33		22083.33	47452.66	1	5		3		4
92		0		26380.5		0	26380.5	1	5		3		4
93		29166.67		-1084		29166.67	28082.67	1	5		3		4
94		18000		0		18000	18000	1	5		3		4
95		7692		12972		7692	20664	1	5		3		4
96		60144.92				60144.92	60144.92	1	5		3		4
97		18333.33				18333.33	18333.33	1	5		3		4
98		9694	11868.83			21562.83	21562.83	1	5		3		4
99		19590	53994	-716.67	0	73584	72867.33	1	5		3		4
100		15403	9349	-61	0	24752	24691	1	5		3		3

KEY	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	State	Postal Code	Property Type	Occupancy
1		99291.47	2862.62	0.1755800			0	XXXXX XXXXXX	XX	00000	1	1
2		227525.91	522.43	0.2594170			100	Xxxxxxx	XX	00000	1	1
3		108712.39	3945.21	0.3375640			100	XXXXXXX	XX	00000	1	1
4		197197.74	957.35	0.4509630			0	XXXXX	XX	00000	1	1
5		168753.5	3098.42	0.3824680			0	Xxxxxxxxxx	XX	00000	1	1
6		186651.51	1753.98	0.3687440			0	XXXXXXX	XX	00000	4	1
7		444656.92	2394.89	0.2533100			100	XXXX XXXXX	XX	00000	1	1
8		25291.91	1813.59	0.2655250			100	XXXXXX	XX	00000	1	1
9		114700.17	5486.68	0.4458440			000	XXXX	XX	00000	1	1
10		45201.73	1716.84	0.2793880			0	XXXXXXXXX XXXXXXX	XX	00000	1	1
11		38634.37	1776.49	0.3374410			100	XXXXX	XX	00000	7	1
12		158457.26	2959.72	0.1260670			0	XXXXX	XX	00000	7	1
13		569675.03	883.89	0.3541870			100	XXXXXX XXXX	XX	00000	7	1
14		52279.52	3687.55	0.2741000			100	XXXX	XX	00000	7	1
15		409649	11126.30	0.2614600			100	XXXXXXXXXX	XX	00000	7	1
16		32215.05	749.01	0.1899880			0	XXXXXXXXX	XX	00000	7	1
17		84349.97	2949.88	0.1009780			0	XXXXXX	XX	00000	1	1
18		323483.83	5805.89	0.4935290				XXXXX	XX	00000	7	1
19		251390.84	1760.16	0.2925280			0	XXXXXXXXXXXX	XX	00000	1	1
20		94868.21	4875.40	0.1890190			0	XXXXXXX	XX	00000	7	1
21		232458.43	2943.91	0.4453450			0	XXXXXXX	XX	00000	1	1
22		89202.62	1791.34	0.1742920			100	XXXXX	XX	00000	7	1
23		40886.08	7571.65	0.3774430				XXXXXXXXX	XX	00000	7	1
24		84578.16	2613.44	0.4013220			100	XXXXXX	XX	00000	1	1
25		221562.03	3533.12	0.3608390				XXXXX XXXXX	XX	00000	7	1
26		697832.98	4058.18	0.2883050				XXXXXXXX	XX	00000	7	1
27		235344.8	4163.27	0.3496800			100	XXXXXX	XX	00000	1	1
28		125501.58	3195.09	0.3532080			000	XXXX XXXXX	XX	00000	7	1
29		54048.55	4280.03	0.2070800			0	XXXXXXXXX	XX	00000	1	1
30		51020.24	2128.81	0.3417780				XXXXXXX	XX	00000	1	1
31		305338.68	3302.89	0.3229450				XX XXXX	XX	00000	1	1
32		2031838.28	2532.53	0.1293860			0	XXXXXX	XX	00000	1	1
33		92927.41	2009.26	0.4261690			0	XXXXXXXXXX XXXX	XX	00000	1	1
34		42229.54	2874.39	0.4426370				XXXXXXX	XX	00000	1	1
35		609917.43	4885.75	0.3239790			0	XXXXXX	XX	00000	7	1
36		173146.9	1585.88	0.3712950				XXXXXXX	XX	00000	1	1
37		136006.75	2591.83	0.4347210			0	XXXXXXX	XX	00000	7	1
38		150568.29	4178.02	0.3700700			100	XXXXXXXXX	XX	00000	7	1
39		65626.65	1272.82	0.2236070			99.62	XXXXXXXX	XX	00000	1	1
40		243704.5	8467.98	0.0875150				XXXXX XXXXX	XX	00000	3	1
41		144896	983.53	0.2619080				XXXXXX	XX	00000	1	1
42		84674.66	2860.16	0.3607090				XXXXXXXXX	XX	00000	1	1
43		509981.3	3862.18	0.3946570			100	XXXXXX	XX	00000	1	1
44		107512.52	2372.34	0.3643960			0	XXXXXXXXXX XXXX	XX	00000	1	1
45		2530637.08	5661.42	0.4353660			100	XXXX XXXXXXX	XX	00000	1	2
46		87125.39	3673.53	0.3969190			0	XXXXXXX	XX	00000	1	1
47		79979.04	5627.50	0.3584420			000	XXXXXX XXXXX XXXXXX	XX	00000	1	1
48		275322	2282.52	0.3570460				XXXXXXXX	XX	00000	1	1
49		91282.1	1731.91	0.2195400			000	XXXXXXXXX	XX	00000	1	1
50		509366.85	4512.10	0.1898990			0	XXXXXXXXXX	XX	00000	1	2
51		121993.33	4454.75	0.4241400				XXXXXX XXXXX	XX	00000	1	1
52		42981.61	2068.21	0.4680650				XXXXXXX	XX	00000	1	1
53		643724.86	1904.19	0.2172790				XXXXXX XXXXX	XX	00000	1	1
54		1259086.02	16040.07	0.3681460			100	Xxxxxxx	XX	00000	1	1
55		75257.43	6198.00	0.1828260				XXXXXXXX	XX	00000	7	1
56		69421.21	1048.11	0.3694650			0	Xxxx Xxxxxx	XX	00000	1	1
57		298686.51	3319.37	0.2218450			0	XXXXXXXXX	XX	00000	1	1
58		115193.56	5530.99	0.2519850				Xxxxx Xxxxx	XX	00000	1	1
59		134643.94	11353.62	0.3134330				XXXXXXX	XX	00000	7	1
60		41971.22	4058.61	0.2584960			0	XXXXXXXX	XX	00000	7	1
61		149435.3	1621.34	0.3807020				XXX XXXXX	XX	00000	7	1
62		77555.04	19374.54	0.3155480			000	XXXXXXXX	XX	00000	4	1
63		48499.7	3528.92	0.3039270			000	XXXXXX	XX	00000	1	1
64		2233811.4	3469.35	0.5176810			100	XXXXXX	XX	00000	1	2
65		147882.28	2039.28	0.2290020				XXX XXXXXX	XX	00000	1	1
66		7530078.52	4067.87	0.2961220			100	XXXXXXXX	XX	00000	1	1
67		588784.18	2698.90	0.3014670				XXXXXX	XX	00000	7	1
68		2267542.87	5173.74	0.1640080			000	XXXX XX XXXX	XX	00000	7	2
69		274045.8	7488.96	0.2076150			100	XXXXXXX	XX	00000	1	1
70		260430.48	2086.84	0.2606370			000	Xxx Xxxxxx	XX	00000	1	1
71		1418403.07	5106.10	0.3325920				XXXXXXX XXXXX	XX	00000	7	1
72		265364.72	3677.94	0.2995350				XXXXXXXXX XXXXX	XX	00000	1	1
73		94953.07	8579.31	0.2963460				XXXXXXXXX	XX	00000	7	1
74		566881.7	2080.86	0.3742230			000	XXXXXX	XX	00000	1	1
75		145179.94	7709.27	0.2149220				XXXXX	XX	00000	1	1
76		376055.54	7973.72	0.3972460				XXXXXX XXXXX	XX	00000	1	1
77		309057.3	15371.75	0.2565930			100	Xxxxxxxxxxxx	XX	00000	1	2
78		398839.3	5011.48	0.3055850			000	XXXXXXXXXX XXXX	XX	00000	1	1
79		3166669	10165.01	0.4008800				Xxxxxx Xxxx	XX	00000	1	2
80		106405.68	4829.57	0.3285460			0	XXXXXXXX	XX	00000	1	1
81		1017090.82	5667.73	0.2565330			0	XXXXXX	XX	00000	1	1
82		225717.29	1462.30	0.2972240			100	XXXXXXXX	XX	00000	1	1
83		247668.91	9899.54	0.2465830			0	XXXXXXXXX XXXXX	XX	00000	1	1
84		220469.95	8690.55	0.2747370			0	XXXXXXXXXX	XX	00000	1	1
85		201928.26	2695.11	0.3011160			0	XXX XXXXX XXXXXXX	XX	00000	7	1
86		808537.61	21188.59	0.1693820			0	Xxxxxxxx	XX	00000	1	1
87		216822.14	5986.54	0.3926480			0	XXXXXX	XX	00000	1	1
88		1029817.59	3819.30	0.2656740			100	XXXXXXXXXXXX XXXXX	XX	00000	1	2
89		530263.4	14439.87	0.3900000			0	XXXXXXXX	XX	00000	7	1
90		368764.11	1237.07	0.0740270			0	Xxxxxxxx	XX	00000	1	1
91		194199.76	3191.56	0.1645050			0	Xxxxxxx	XX	00000	1	1
92		2027260.32	7275.68	0.4171840			100	XXXXXXXX	XX	00000	1	2
93		440752.17	3793.63	0.3420180			0	XXX XXXXXXX	XX	00000	1	1
94		110827.09	3585.26	0.3639850			0	XXXXXXX	XX	00000	1	1
95		659465.19	2346.32	0.3348180				XXXXXXXXXXXX	XX	00000	1	1
96		317922.24	5537.27	0.2142380				XXXXXXXXX XXX	XX	00000	7	1
97		108830.84	4454.22	0.4201120			100	XXXX XXXXXXXXXX	XX	00000	1	1
98		91578.31	1726.53	0.2593600			34.299	XXXXXX	XX	00000	7	1
99		812087.03	10426.67	0.2729350			0	Xxxx Xxxxx	XX	00000	7	1
100		74009.3	3253.08	0.2989060				Xxxxxxxx	XX	00000	7	1

KEY	Sales Price	Original Appraised Property Value	Original Property Valuation Type	Original Property Valuation Date	Original Automated Valuation Model (AVM) Model Name	Original AVM Confidence Score	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
1		670000.00	3	20110916								0.650000	0.650000
2	665000.00	600000.00	3	20110915								0.741667	0.741667
3	603000.00	630000.00	3	20110824								0.800000	0.800000
4		825000.00	3	20110902								0.587879	0.587879
5		695000.00	3	20110805								0.700000	0.700000
6		715000.00	3	20110701								0.685315	0.685315
7	910000.00	910000.00	3	20110823								0.549451	0.549451
8	635000.00	650000.00	3	20110722								0.800000	0.800000
9	635000.00	640000.00	3	20110902								0.800000	0.800000
10		700000.00	3	20110824								0.728571	0.728571
11	663500.00	668000.00	3	20110726								0.800000	0.800000
12		825000.00	3	20110715								0.650000	0.650000
13	775000.00	775000.00	3	20110729								0.700000	0.700000
14	683200.00	690000.00	3	20110830								0.799766	0.799766
15	683500.00	685000.00	3	20110818								0.800000	0.800000
16		950000.00	3	20110722								0.584211	0.584211
17		1215000.00	3	20110810								0.460905	0.460905
18		710000.00	3	20110803								0.797430	0.797430
19		1300000.00	3	20110331								0.453846	0.453846
20		1350000.00	3	20110901								0.423704	0.423704
21		1000000.00	3	20110907								0.575500	0.575500
22	722818.00	725000.00	3	20110711								0.799994	0.799994
23		950000.00	3	20110819								0.610526	0.610526
24	733500.00	784800.00	3	20110802								0.800000	0.800000
25		1070000.00	3	20110816								0.552336	0.552336
26		805000.00	3	20110808								0.750000	0.750000
27	765000.00	765000.00	3	20110901								0.800000	0.800000
28	829900.00	850000.00	3	20110912								0.749970	0.749970
29		1000000.00	3	20110818								0.698000	0.628000
30		1200000.00	3	20110822								0.550000	0.550000
31		2300000.00	3	20110927								0.290435	0.290435
32		3475000.00	3	20110830								0.194820	0.194820
33		945500.00	3	20110801								0.719196	0.719196
34		857500.00	3	20110920								0.794869	0.794869
35		2900000.00	3	20110718								0.237931	0.237931
36		1075000.00	3	20110829								0.641860	0.641860
37		935000.00	3	20110831								0.748663	0.748663
38	875000.00	960000.00	3	20111005								0.800000	0.800000
39	895000.00	895000.00	3	20110624								0.800000	0.800000
40		1640000.00	3	20110811								0.437195	0.437195
41		1100000.00	3	20110827								0.666364	0.666364
42		950000.00	3	20110810								0.800000	0.800000
43	965000.00	1100000.00	3	20111004								0.790000	0.790000
44		1600000.00	3	20110826								0.676109	0.487500
45	1200000.00	1200000.00	3	20110824								0.650000	0.650000
46		1250000.00	3	20110712								0.628000	0.628000
47	1055000.00	1140000.00	3	20110819								0.750000	0.750000
48		1225000.00	3	20111014								0.648980	0.648980
49	1150000.00	1150000.00	3	20110817								0.695652	0.695652
50		1795000.00	3	20110902								0.453175	0.453175
51		2300000.00	3	20110719								0.358261	0.358261
52		1180000.00	3	20110810								0.700000	0.700000
53		2500000.00	3	20110815								0.331400	0.331400
54	1530000.00	1475000.00	3	20110804								0.576271	0.576271
55		1200000.00	3	20110824								0.725000	0.725000
56		2507000.00	3	20110923								0.349023	0.349023
57		1650000.00	3	20110906								0.719394	0.537576
58		1750000.00	3	20110929								0.509714	0.509714
59		1115000.00	3	20110913								0.800000	0.800000
60		1150000.00	3	20110809								0.800000	0.800000
61		1300000.00	3	20110822								0.710000	0.710000
62	1350000.00	1350000.00	3	20110818								0.700000	0.700000
63	1225000.00	1230000.00	3	20110727								0.800000	0.800000
64	1600000.00	1600000.00	3	20110818								0.624938	0.624938
65		1395000.00	3	20110822								0.711111	0.711111
66	1775000.00	1775000.00	3	20110820								0.563380	0.563380
67		1775000.00	3	20110812								0.563380	0.563380
68	2075000.00	2075000.00	3	20110809								0.481928	0.481928
69	2820000.00	3000000.00	3	20110930								0.354574	0.354574
70	1475000.00	1475000.00	3	20110926								0.677966	0.677966
71		4000000.00	3	20110726								0.250000	0.250000
72		2000000.00	3	20110813								0.500000	0.500000
73		1500000.00	3	20110809								0.700000	0.700000
74	1440000.00	1440000.00	3	20110830								0.750000	0.750000
75		1750000.00	3	20110719								0.645714	0.645714
76		2050000.00	3	20110902								0.559512	0.559512
77	1650000.00	1650000.00	3	20111001								0.700000	0.700000
78	1470000.00	1500000.00	3	20110922								0.800000	0.800000
79		2000000.00	3	20111030								0.635851	0.635851
80		2000000.00	3	20110902								0.750000	0.750000
81		2425000.00	3	20110719								0.750000	0.750000
82	2600000.00	2600000.00	3	20110812								0.750000	0.750000
83		5000000.00	3	20110824								0.500000	0.400000
84		3000000.00	3	20110802								0.273333	0.273333
85		640000.00	3	20110813								0.792188	0.792188
86		925000.00	3	20110820								0.567568	0.567568
87		1060000.00	3	20111012								0.549009	0.549009
88	1180000.00	1220000.00	3	20110816								0.700000	0.700000
89		2635000.00	3	20110728								0.700000	0.700000
90		1050000.00	3	20110829								0.761905	0.761905
91		800000.00	3	20110825								0.800000	0.800000
92	825000.00	830000.00	3	20110823								0.606061	0.606061
93		1900000.00	3	20110821								0.717895	0.586316
94		1300000.00	3	20110802								0.516154	0.516154
95		1500000.00	3	20110717								0.576000	0.576000
96		2350000.00	3	20110927								0.590851	0.590851
97	725000.00	760000.00	3	20110930								0.800000	0.800000
98	1030000.00	1065000.00	3	20111020								0.740777	0.740777
99		1950000.00	3	20110919								0.661538	0.661538
100		1100000.00	3	20111007								0.689091	0.689091

KEY	Original Pledged Assets	Mortgage Insurance Company Name	Mortgage Insurance Percent	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
1	0	0	0
2	0	0	0
3	0	0	0
4	0	0	0
5	0	0	0
6	0	0	0
7	0	0	0
8	0	0	0
9	0	0	0
10	0	0	0
11	0	0	0
12	0	0	0
13	0	0	0
14	0	0	0
15	0	0	0
16	0	0	0
17	0	0	0
18	0	0	0
19	0	0	0
20	0	0	0
21	0	0	0
22	0	0	0
23	0	0	0
24	0	0	0
25	0	0	0
26	0	0	0
27	0	0	0
28	0	0	0
29	0	0	0
30	0	0	0
31	0	0	0
32	0	0	0
33	0	0	0
34	0	0	0
35	0	0	0
36	0	0	0
37	0	0	0
38	0	0	0
39	0	0	0
40	0	0	0
41	0	0	0
42	0	0	0
43	0	0	0
44	0	0	0
45	0	0	0
46	0	0	0
47	0	0	0
48	0	0	0
49	0	0	0
50	0	0	0
51	0	0	0
52	0	0	0
53	0	0	0
54	0	0	0
55	0	0	0
56	0	0	0
57	0	0	0
58	0	0	0
59	0	0	0
60	0	0	0
61	0	0	0
62	0	0	0
63	0	0	0
64	0	0	0
65	0	0	0
66	0	0	0
67	0	0	0
68	0	0	0
69	0	0	0
70	0	0	0
71	0	0	0
72	0	0	0
73	0	0	0
74	0	0	0
75	0	0	0
76	0	0	0
77	0	0	0
78	0	0	0
79	0	0	0
80	0	0	0
81	0	0	0
82	0	0	0
83	0	0	0
84	0	0	0
85	0	0	0
86	0	0	0
87	0	0	0
88	0	0	0
89	0	0	0
90	0	0	0
91	0	0	0
92	0	0	0
93	0	0	0
94	0	0	0
95	0	0	0
96	0	0	0
97	0	0	0
98	0	0	0
99	0	0	0
100	0	0	0

KEY	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
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100

KEY	Cash To/From Brrw at Closing	Brrw - Yrs at in Industry	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
1		0	27		20261101				29,904.00			Full	2 years	2 Months
2		20			20411101	10,833.00						Full	2 years	2 Months
3		35			20411001	19,250.00						Full	2 years	2 Months
4		29	18		20261001	6,461.00			3,400.00			Full	2 years	2 Months
5		12	11		20411001	6,390.00			8,637.00			Full	2 years	2 Months
6		6			20260901	14,008.00						Full	2 years	2 Months
7		31		0	20411001	19,900.25	0.00	0.00				Full	2 years	2 Months
8		15			20410901	16,667.00						Full	2 years	2 Months
9		6		0	20411101	16,250.00	2,000.00	0.00				Full	2 years	1 Month
10		19	3		20411001	15,166.00			902.00			Full	2 years	2 Months
11		18	15		20260901	9,583.00			7,917.00			Full	2 years	2 Months
12		13.7			20260901							Full	2 years	2 Months
13		12			20410901	10,486.00						Full	2 years	2 Months
14		16			20411001	23,852.00						Full	2 years	2 Months
15		7			20411001	51,074.00						Full	2 years	2 Months
16		21			20260901	25,368.00						Full	2 years	2 Months
17		34			20411001	58,142.00						Full	2 years	2 Months
18		21			20261001	18,563.00	2,818.00	3,458.00				Full	2 years	2 Months
19		18	18		20260601							Full	2 years	1 Month
20		19	19		20261001	20,454.00			27,346.00			Full	2 years	2 Months
21		16	25		20261001	10,751.00			7,920.00			Full	2 years	2 Months
22		9.05	12		20410801	11,800.00			12,917.00			Full	2 years	2 Months
23		30	5	0	20411001	28,545.84	0.00	0.00	0.00	0.00	0.00	Full	2 years	2 Months
24		9.1			20410901	14,250.00						Full	2 years	2 Months
25		23		0	20411001	18,335.20	0.00	0.00				Full	2 years	1 Month
26		20		0	20411001	25,000.02	0.00	0.00				Full	2 years	2 Months
27		30	30		20411001				4,767.00			Full	2 years	2 Months
28		24.4			20411101	15,417.00	1,542.00					Full	2 years	2 Months
29		22	2	70000	20261101	43,750.00			0.00			Full	2 years	2 Months
30		18		0	20411001	16,157.08	0.00	0.00	0.00	0.00	0.00	Full	2 years	2 Months
31		45		0	20411201	13,000.00	0.00	0.00	0.00	0.00	0.00	Full	2 years	2 Months
32		0			20261101							Full	2 years	2 Months
33		16.5	6.5		20410901	7,083.00			5,955.00			Full	2 years	2 Months
34		4		0	20411001	14,642.85	0.00	0.00	0.00	0.00	0.00	Full	2 years	2 Months
35		11	11		20261001	20,320.00			10,381.00			Full	2 years	2 Months
36		15		0	20411001	14,105.83	0.00	0.00				Full	2 years	2 Months
37		30			20261001	17,672.00						Full	2 years	2 Months
38		9			20411101	17,411.00	2,859.00					Full	2 years	2 Months
39		13	10		20411001	12,595.00	2,364.00		6,485.00			Full	2 years	2 Months
40		28		0	20411001	138,883.21	0.00	0.00				Full	2 years	2 Months
41		8		0	20411001	18,566.17	0.00	0.00	0.00	0.00	0.00	Full	2 years	2 Months
42		11		0	20411101	19,564.00	0.00	0.00				Full	2 years	2 Months
43		11	3	0	20411101	20,155.84	0.00	0.00				Full	2 years	2 Months
44		2.75		301775	20261001	25,715.00						Full	2 years	2 Months
45		27	7	0	20411001	23,036.25	0.00	0.00				Full	2 years	2 Months
46		15			20410901	19,276.00						Full	2 years	2 Months
47		11		0	20411001	7,916.66	0.00	12,341.62	6,626.53	0.00	0.00	Full	2 years	2 Months
48		23		0	20411101	18,176.17	0.00	0.00	0.00	0.00	0.00	Full	2 years	2 Months
49		12		0	20410901	26,624.00	0.00	0.00				Full	2 years	2 Months
50		25	25		20261101	23,433.00	5,897.00		23,433.00			Full	2 years	2 Months
51		9	15	0	20411001	10,404.83	0.00	0.00	10,232.50	0.00	0.00	Full	2 years	2 Months
52		15			20411001	13,892.00						Full	2 years	2 Months
53		0		0	20411001	0.00	0.00	0.00	0.00	0.00	0.00	Full	2 years	2 Months
54		29		0	20411001	55,614.00	0.00	0.00	0.00	0.00	0.00	Full	2 years	1 Month
55		6		0	20411001	53,839.00	0.00	0.00	5,633.00	0.00	0.00	Full	2 years	2 Months
56		15			20411101	8,200.00						Full	2 years	2 Months
57		50.42		300000	20411101	32,917.00						Full	2 years	2 Months
58		20	16	0	20411101	16,666.67	0.00	0.00	23,483.00	0.00	0.00	Full	2 years	2 Months
59		39		0	20411201	51,069.00	0.00	0.00				Full	2 years	2 Months
60		18.5	16		20410901	19,833.00			14,166.00			Full	2 years	2 Months
61		16		0	20411001	16,905.99	0.00	0.00	0.00	0.00	0.00	Full	2 years	2 Months
62		19		0	20411101	77,248.33	0.00	0.00				Full	2 years	2 Months
63		15	0	0	20411001	20,833.33	0.00	0.00	8,583.34	0.00	0.00	Full	2 years	2 Months
64		1.5			20261001	0.00						Full	2 years	2 Months
65		17		0	20411001	0.00	0.00	0.00				Full	2 years	2 Months
66		19			20410901	13,132.00						Full	2 years	2 Months
67		11		0	20411001	12,366.67	0.00	0.00	12,904.10	0.00	0.00	Full	2 years	2 Months
68		4	20	0	20411001	63,351.83	0.00	0.00				Full	2 years	2 Months
69		15	15	0	20411101	22,083.00	0.00	0.00				Full	2 years	2 Months
70		21			20411101	21,417.00	6,316.00					Full	2 years	2 Months
71		30		0	20411001	4,166.67	0.00	0.00	0.00	0.00	0.00	Full	2 years	2 Months
72		19		0	20411001	28,947.50	0.00	0.00				Full	2 years	2 Months
73		21		0	20411101	19,661.18	28,309.58	0.00	0.00	0.00	0.00	Full	2 years	2 Months
74		10			20411001	20,833.00						Full	2 years	2 Months
75		3		0	20411001	63,694.38	0.00	0.00				Full	2 years	1 Month
76		10	6	0	20411101	36,241.00	0.00	0.00				Full	2 years	1 Month
77		18		0	20411101	83,728.33	0.00	0.00	0.00	0.00	0.00	Full	2 years	2 Months
78		13	13		20411101	24,638.00	3,333.00		10,948.00			Full	2 years	2 Months
79		25	7	0	20411201	41,666.67	0.00	0.00	0.00	0.00	0.00	Full	2 years	2 Months
80		20			20411001	38,560.00						Full	2 years	1 Month
81		34			20411001	0.00						Full	2 years	2 Months
82		25	28.6		20410901	18,333.00	15,414.00		5,892.00			Full	2 years	2 Months
83		25		500000	20411001	82,488.00						Full	2 years	2 Months
84		15	6		20261101	40,561.00			12,962.00			Full	2 years	2 Months
85		15	13		20411001	8,870.00			9,119.00			Full	2 years	2 Months
86		12			20411001	141,365.00						Full	2 years	2 Months
87		12			20261101	30,466.00						Full	2 years	2 Months
88		27.2			20411101	28,337.00						Full	2 years	2 Months
89		21			20410901	60,838.00						Full	2 years	2 Months
90		14			20411101	73,902.00						Full	2 years	2 Months
91		5.2			20261101	22,083.00	16,973.00					Full	2 years	2 Months
92		0			20261001							Full	2 years	2 Months
93		18		250000	20411001	29,167.00						Full	2 years	2 Months
94		11			20410901	18,000.00						Full	2 years	2 Months
95		4		0	20411201	7,692.00				4,155.00		Full	2 years	2 Months
96		52		0	20411201							Full	2 years	2 Months
97		12		0	20411201	18,333.33						Full	2 years	2 Months
98		17	11	0	20411201	9,694.00			11,868.83			Full	2 years	2 Months
99		25	25.6		20261101	19,590.00			53,994.00			Full	2 years	2 Months
100		20	10.4		20411101	15,403.00			9,349.00			Full	2 years	1 Month

Loan Number	Redwood Loan Number	DD Loan Number
7116767018	2000000027	600119300
00-000000-0	3000000262	600131437
00-000000-0	3000000283	600132623
00-000000-0	3000000288	600132694
00-000000-0	3000000348	600135657
00-000000-0	3000000385	600137326
00-000000-0	3000000435	600138718
7118457022	2000000343	600145303
00-000000-0	3000000449	600145933
00-000000-0	0000000000	600147089
00-000000-0	3000000466	600147090
00-000000-0	3000000468	600147103
00-000000-0	3000000480	600149571
00-000000-0	841000001	600151591
7119654767	0000000000	600152229
00-000000-0	3000000501	600152540
00-000000-0	3000000508	600153553
00-000000-0	0000000000	600153559
00-000000-0	3000000526	600153743
00-000000-0	856000001	600153745
00-000000-0	3000000529	600153771
00-000000-0	3000000552	600153773
00-000000-0	3000000551	600153865
00-000000-0	3000000531	600154267
00-000000-0	3000000557	600154268
7120359166	2000000504	600254724
00-000000-0	3000000613	600254752
2027601803	1050000663	600254765
2131700638	1050000773	600254766
3006612518	1050000809	600254767
7120816173	2000000641	600255648
2083600913	1050000790	600256922
00-000000-0	868000029	600256932
00-000000-0	868000025	600256933
00-000000-0	868000013	600256934
00-000000-0	868000027	600256935
00-000000-0	868000030	600256936
00-000000-0	868000035	600256937
00-000000-0	868000016	600256938
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00-000000-0	868000014	600256940
00-000000-0	868000034	600256941
00-000000-0	868000031	600256944
00-000000-0	868000003	600256945
00-000000-0	868000011	600256946
00-000000-0	3000000651	600257274
00-000000-0	3000000640	600257359
00-000000-0	3000000673	600257361
2027601961	1050000786	600257399
00-000000-0	3000000668	600257430
00-000000-0	3000000718	600257433
00-000000-0	3000000726	600258499
00-000000-0	869000001	600259099
00-000000-0	869000006	600259100
00-000000-0	869000008	600259101
00-000000-0	869000010	600259102
00-000000-0	3000000779	600259171
00-000000-0	3000000795	600259803
00-000000-0	0000000000	600259804
2153601079	1050000781	600259809
20631100115	0000000000	600259810
3006612846	1050000861	600259811
2198600319	0000000000	600259812
7120289157	2000000581	600259820
7120918300	2000000678	600259823
7121082353	2000000806	600259826
7120766279	2000000675	600259890
7120605030	2000000834	600259892
2051601528	1050000892	600259904
2135601691	1050000900	600259905
00-000000-0	3000000720	600259927
00-000000-0	3000000845	600259929
00-000000-0	3000000846	600260164
00-000000-0	882000002	600260170
00-000000-0	882000003	600260171
2073603307	1050000808	600260334
00-000000-0	3000000847	600260364
2001708071	1050000810	600260369
222782	1000000886	600260447
2003602264	1050000836	600261156
2141600122	1050000911	600261158
2073603486	1050000903	600261325
7000603545	1050000940	600261326
2244701095	1050000947	600261327
0000000000	1050000882	600262314
2001707491	1050000893	600262315
7120686444	0000000000	600262678
7121251800	2000000874	600262679
1075123	1300000942	600262686
2198600334	0000000000	600262875
225304	0000000000	600263028
225746	1000000964	600263029
2027602080	1050000941	600263073
5040351321	2000000627	600263174
5040350877	2000000654	600263175
7121006428	2000000817	600263176
7120768283	2000000867	600263180
7121571579	2000000912	600263182
7120681791	2000000956	600263183
2135601557	1050001057	600263184
00-000000-0	0000000000	600263185
00-000000-0	3000000913	600263186
3721600135	1050001011	600263203
00-000000-0	3000000920	600263204
2123700490	1050000924	600263298
2198600346	1050000905	600263314
2088700361	1050000970	600263315
3612601111	0000000000	600263316
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2027602115	1050001036	600263328
225401	1000000969	600263717
00-000000-0	3000000936	600263718
2027602067	1050000922	600263731
3726600027	1050001026	600264081
2036605744	1050000977	600264901
3624700942	0000000000	600264902
3092605524	1050001070	600264903
226182	1000000926	600264904
7119965072	2000000875	600264906
7121085000	2000000918	600264922
7121754175	2000000958	600264923
2028606980	1050000992	600264924
3627601196	1050001004	600264925
2036605817	1050000967	600264927
3650602060	1050000982	600264928
2001708537	1050000994	600264935
2051601611	1050000986	600264937
3602601382	1050000989	600264938
3006613221	1050001007	600264939
2001708593	1050001058	600264940
223089	1000001043	600265106
1042394	1300000953	600265107
1077215	1300000980	600265108
2168600339	1050001065	600265186
3726600244	1050001169	600265187
1073668	1300000978	600266249
225955	1000001033	600266303
201316	1000001034	600266304
7121666429	2000000968	600266324
7121902899	2000000984	600266325
7121903640	2000000985	600266326
7121723493	2000000990	600266327
7121909985	2000001013	600266328
2204600190	1050000975	600266583
0000000000	1050001101	600266584
00-000000-0	3000001003	600266585
0000000000	1050000944	600266838
1083602358	1050001023	600266839
2253600055	1050001045	600266840
6005600186	1050001249	600266842
2125602741	1050001099	600266843
00-000000-0	3000001030	600266852
00-000000-0	3000001031	600266853
00-000000-0	3000001124	600266854
2238600275	1050000963	600266855
20171100351	1050001040	600266856
2027602127	1050001086	600266857
2238600305	0000000000	600266858
3670600488	1050001111	600266859
0000000000	1050001157	600266860
0000000000	1050001067	600267299
3602601402	1050001098	600267300
2154601123	1050001110	600267301
3726600119	0000000000	600267302
2036605864	0000000000	600267837
2027602116	1050001066	600267838
3726600200	1050001168	600267839
2198600379	1050001194	600267840
00-000000-0	3000001053	600267841
00-000000-0	3000001060	600267842
00-000000-0	3000001062	600267843
00-000000-0	3000001130	600267844
00-000000-0	0000000000	600267845
00-000000-0	3000001132	600267846
00-000000-0	3000001133	600267847
00-000000-0	3000001135	600267849
00-000000-0	3000001136	600267850
00-000000-0	3000001137	600267851
00-000000-0	3000001138	600267852
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00-000000-0	3000001140	600267854
00-000000-0	3000001141	600267855
00-000000-0	3000001142	600267856
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00-000000-0	3000001146	600267859
2028607129	1050001087	600267873
2273600002	1050001090	600267874
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2177600280	1050001063	600269262
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3705600434	1050001195	600269267
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7121668326	2000000993	600269288
7121966142	2000001014	600269289
7121753466	2000001022	600269290
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7121575273	2000001108	600269292
7121919133	2000001162	600269293
00-000000-0	3000001145	600269294
2097600762	1050001010	600269320
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2248600040	1050001112	600271908
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00-000000-0	3000001177	600274220
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0000000000	1050001338	600275002
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00-000000-0	978000035	600295329
00-000000-0	978000036	600295330
00-000000-0	978000037	600295331
00-000000-0	978000039	600295333
00-000000-0	978000040	600295334
00-000000-0	978000042	600295336
00-000000-0	978000043	600295337
00-000000-0	978000046	600295340
00-000000-0	978000047	600295341
00-000000-0	978000048	600295342
00-000000-0	978000049	600295343
00-000000-0	978000050	600295344
00-000000-0	978000051	600295345
00-000000-0	978000053	600295347
00-000000-0	978000054	600295348
00-000000-0	978000055	600295349
00-000000-0	978000058	600295352
00-000000-0	978000059	600295353
00-000000-0	978000061	600295355
00-000000-0	978000063	600295357
00-000000-0	978000065	600295359
00-000000-0	978000082	600295376
503279849	1150001401	Xxxxxxx.  No loanid
503294792	1150001498	Xxxxxxx.  No loanid
503260869	1150001373	Xxxxxxx.  No loanid
503281720	1150001400	Xxxxxxx.  No loanid
503266350	1150001395	Xxxxxxx.  No loanid
503283192	1150001371	Xxxxxxx.  No loanid
503278341	1150001970	Xxxxxxx.  No loanid
503275972	1150001597	Xxxxxxx.  No loanid
503272061	1150001383	Xxxxxxx.  No loanid
503260793	1150001399	Xxxxxxx.  No loanid
503273065	1150001384	Xxxxxxx.  No loanid
503234706	0000000000	Xxxxxxx.  No loanid
503335768	1150001855	Xxxxxxx.  No loanid
503280657	1150001417	Xxxxxxx.  No loanid
503276011	1150001374	Xxxxxxx.  No loanid
503285149	1150001527	Xxxxxxx.  No loanid
503278520	1150001375	Xxxxxxx.  No loanid
503257737	1150001378	Xxxxxxx.  No loanid
503273469	1150001385	Xxxxxxx.  No loanid
503273037	1150001556	Xxxxxxx.  No loanid
0000000000	1400001469	Xxxxxxx.  No loanid
503259752	1150001402	Xxxxxxx.  No loanid
2011000933	1400001741	Xxxxxxx.  No loanid
503299399	1150001503	Xxxxxxx.  No loanid
503273456	1150001387	Xxxxxxx.  No loanid
503255085	0000000000	Xxxxxxx.  No loanid
503272937	1150001397	Xxxxxxx.  No loanid
503251726	1150001694	Xxxxxxx.  No loanid
503256518	1150001376	Xxxxxxx.  No loanid
503279494	1150001537	Xxxxxxx.  No loanid
503279768	1150001632	Xxxxxxx.  No loanid
503302762	1150001481	Xxxxxxx.  No loanid
503281800	1150001411	Xxxxxxx.  No loanid
503253990	1150001517	Xxxxxxx.  No loanid
503272246	1150001899	Xxxxxxx.  No loanid
503326005	1150001755	Xxxxxxx.  No loanid
2011001782	1400001850	Xxxxxxx.  No loanid
503339764	1150001888	Xxxxxxx.  No loanid
503325948	1150001768	Xxxxxxx.  No loanid
503301258	1150001486	Xxxxxxx.  No loanid
503254794	1150001681	Xxxxxxx.  No loanid

MERSID	Organization
1002338	First Republic
1000536	Prime Lending
1000938	Select Portfolio Servicing
1000200	PHH
1006404	Xxxxx Fargo
1000104	SunTrust Mortgage, Inc.
1001863	Sterling Savings Bank
0000000	Cenlar FSB
0000000	Flagstar Bank, F.S.B.
0000000	Franklin American Mortgage
1000312	Wintrust Mortgage A Division of Barrington Bank & Trust Co
0000000	GuardHill Financial Corp.
1008808	Xxxx Xxxxxx Bank

ASF RMBS DISCLOSURE PACKAGE

Field Number

Field Name

Field Description

Type of Field

Data Type

Sample Data

Format

When Applicable?

Valid Values

Proposed Unique Coding

Notes

1

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

2

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

3

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

4

Servicing Advance Methodology

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

General Information

Numeric – Integer

2

99

Always

See Coding

1 = Scheduled Interest, Scheduled Principal 2 = Actual Interest, Actual Principal 3 = Scheduled Interest, Actual Principal 99 = Unknown

5

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

6

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

1A

XXXX

Always

“UNK” if Unknown

7

Loan Number

Unique National Mortgage Loan ID Number (Vendor TBD).

General Information

Numeric – Integer

XXX

XXX

Always

TBD

Details to be provided by Vendor

8

Amortization Type

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

Loan Type

Numeric – Integer

2

99

Always

See Coding

1 = Fixed 2 = Adjustable 99 = Unknown

9

Lien Position

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

Loan Type

Numeric – Integer

1

99

Always

>0

99 = Unknown

10

HELOC Indicator

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

Loan Type

Numeric – Integer

1

99

Always

See Coding

0 = No 1 = Yes 99 = Unknown

11

Loan Purpose

Indicates the purpose of the loan.

Loan Type

Numeric – Integer

9

99

Always

See Coding

See Appendix A

12

Cash Out Amount

For “Cash-out” loans (see Glossary): [NEW LOAN AMOUNT] – [PAID-OFF FIRST MORTGAGE LOAN AMOUNT] – [PAID-OFF SECOND MORTGAGE LOAN AMOUNT (if Second was used to purchase the property)] – [CLOSING COSTS].

Loan Type

Numeric – Decimal

72476.5

9(10).99

Always

>= 0

13

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

14

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

1

99

Always

See Coding

0 = No 1 = Yes 99 = Unknown

15

Relocation Loan Indicator

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

Loan Type

Numeric – Integer

1

99

Always

See Coding

0 = No 1 = Yes 99 = Unknown

16

Broker Indicator

Indicates whether a broker took the application.

Loan Type

Numeric – Integer

1

99

Always

See Coding

0 = No 1 = Yes 99 = Unknown

17

Channel

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

Loan Type

Numeric – Integer

2

99

Always

See Coding

1 = Retail 2 = Broker 3 = Correspondent Bulk 4 = Correspondent Flow with delegated underwriting 5 = Correspondent Flow without delegated underwriting 99 = Unknown

18

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

3

99

Always

See Coding

0 = No Escrows 1 = Taxes 2 = Insurance 3 = XXX xxxx 4 = Taxes and Insurance 5 = All 99 =Unknown

19

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

20

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

2

99

If Lien Position > 1

See Coding

1 = Fixed Rate 2 = ARM 3 = Hybrid 4 = Neg Am 99 = Unknown

21

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

23

999

If Lien Position > 1 AND the most senior lien is a hybrid ARM (see Field 20)

>= 0

22

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

23

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 2nd lien on the subject property

>= 0

Subject to Regulatory Confirmation

24

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 2nd lien on the subject property

“19010101” if unknown

25

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

26

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

>0

27

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

28

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

29

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

60

999

Always

>0

N/A

30

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

31

Interest Type Indicator

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

Loan Term and Amortization Type

Numeric – Integer

2

99

Always

See Coding

1= Simple 2 = Actuarial 99 = Unknown

32

Original Interest Only Term

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

Loan Term and Amortization Type

Numeric – Integer

60

999

Always

>= 0 and <= 240 Unknown = Blank; No Interest Only Term = 0

33

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

65

999

Always

>= 0 and <= 100 Unknown = Blank; No Buy Down = 0

34

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

24

999

HELOCs Only

>= 12 and <= 120

35

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

36

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

37

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

38

Scheduled Interest Paid Through Date

Loan Term and Amortization Type

Date

20090429

YYYYMMDD

Always

“19010101” if unknown

39

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

3

99

Always

>= 0

40

Index Type

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

Adjustable Rate Mortgages (ARMs)

Numeric – Integer

18

99

ARMs Only

See Coding

See Appendix B

41

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

45

99

ARMs Only

>= 0 to <=99

42

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

43

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

3

9

ARMs Only

See Coding

0 = No Rounding 1 = Up 2 = Down 3 = Nearest 99=Unknown

44

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

45

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

60

999

Hybrid ARMs Only

>= 1 to <=240

46

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

47

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

48

Subsequent Interest Rate Reset Period

The number of months between subsequent rate adjustments.

Adjustable Rate Mortgages (ARMs)

Numeric – Integer

60

999

ARMs Only

>=0 and <= 120

0 = Loan does not adjust after initial reset

49

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

50

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

51

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

52

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.

53

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

54

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

60

999

Negatively Amortizing ARMs Only

>=0

55

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

48

999

Negatively Amortizing ARMs Only

>=0

56

Initial Fixed Payment Period

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

Negative Amortization

Numeric – Integer

60

999

Negatively Amortizing Hybrid ARMs Only

>= 0 to <=120

57

Subsequent Payment Reset Period

Number of months between payment adjustments after first payment reset.

Negative Amortization

Numeric – Integer

12

999

Negatively Amortizing ARMs Only

>= 0 to <=120

58

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

59

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

60

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

12

999

Negatively Amortizing ARMs Only

>= 0 to <=120

61

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

12

999

Negatively Amortizing ARMs Only

>= 0 to <=120

62

Option ARM Indicator

An indicator of whether the loan is an Option ARM.

Negative Amortization

Numeric – Integer

1

99

ARMs Only

See Coding

0 = No 1 = Yes 99 = Unknown

63

Options at Recast

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

Option ARM

Numeric – Integer

2

99

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

64

Initial Minimum Payment

The initial minimum payment the borrower is permitted to make.

Option ARM

Numeric – Decimal

879.52

99

Option ARMs Only

>=0

65

Current Minimum Payment

Current Minimum Payment (in dollars).

Negative Amortization

Numeric – Decimal

250

9(10).99

Option ARMs Only

>= 0

66

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

12

99

Always

See Coding

See Appendix C

67

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

1

99

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

68

Prepayment Penalty Total Term

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

Prepayment Penalties

Numeric – Integer

60

999

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

>0 to <=120

69

Prepayment Penalty Hard Term

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

Prepayment Penalties

Numeric – Integer

12

999

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

>= 0 to <=120

70

Primary Borrower ID

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

Borrower

Numeric—Integer

123456789

999999999

Always

>0

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

71

Number of Mortgaged Properties

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

Borrower

Numeric – Integer

1

99

Always

> 0

72

Total Number of Borrowers

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

Borrower

Numeric – Integers

2

99

Always

> 0

73

Self-employment Flag

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

Borrower

Numeric – Integer

1

99

Always

See Coding

0 = No 1 = Yes 99 = Unknown

74

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

75

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.)

76

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.)

77

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

78

FICO Model Used

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

Borrower Qualification

Numeric – Integer

1

99

If a FICO score was obtained

See Coding

1 = Classic 2 = Classic 08 3 = Next Generation 99 = Unknown

79

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.

80

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

81

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

82

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

83

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

84

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

85

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

86

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

87

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

88

Most Recent FICO Method

Number of credit repositories used to update the FICO Score.

Borrower Qualification

Numeric – Integer

2

9

If a FICO score was obtained

>0

89

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

90

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

91

Most Recent VantageScore Method

Number of credit repositories used to update the Vantage Score.

Borrower Qualification

Numeric – Integer

2

9

If a Vantage Credit Score was obtained

>0

92

VantageScore Date

Date Vantage Credit Score was obtained.

Borrower Qualification

Date

20090914

YYYYMMDD

If a Vantage Credit Score was obtained

“19010101” if unknown

93

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

999

Always

> =0

Subject to Regulatory Confirmation

94

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

95

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

57

999

Always

>=0

Subject to Regulatory Confirmation

96

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

97

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

98

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

12

999

If Borrower has ever been in Bankruptcy

>= 0

Blank = Borrower is not known to have been in bankruptcy

99

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

12

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

1

99

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: 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

1

9

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)

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

2

9

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

2

9

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

1

9

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

3

9

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

2

9

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

3

99

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

NY

XX

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

11

99

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

4

9

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

8

99

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

1

99

Always

See Appendix I

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

6

9

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

19

99

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.

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.

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

3

99

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

1

99

“Mortgage Insurance Company Name” > 0

See Coding

1 = Borrower-Paid 2 = Lender- Paid 99 = Unknown

141

Pool Insurance Co. Name

Name of pool insurance provider.

Mortgage Insurance

Numeric – Integer

8

99

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 > 0

UNK = Unknown

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

36

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

1

9

Modified Loans Only

>= 0

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

2

99

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

2

99

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

1

9

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

2

99

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

1

99

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

1

99

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

1

99

Manufactured Housing Loans Only

See Codes

0 = Real Estate 1 = Chattel 99 = Unavailable

APPENDIX A

MODIFICATIONS TO THE FLOW SERVICING AGREEMENT

1.             The definition of “Assumed Principal Balance” in Section 1 is revised to read in its entirety as follows:

“Assumed Principal Balance:  As to each Mortgage Loan as of any date of determination, (i) the principal balance of the Mortgage Loan outstanding as of the Cut-off Date after application of payments due on or before the Cut-off Date, whether or not received, minus (ii) all amounts previously distributed to the Owner with respect to the Mortgage Loan pursuant to Subsection 11.15 and representing (a) payments or other recoveries of principal or (b) advances of scheduled principal payments made pursuant to Subsection 11.17.”

2.             The definition of “Business Day” in Section 1 is revised to read in its entirety as follows:

“Business Day:  Any day other than (i) a Saturday or a Sunday, or (ii) a legal holiday in the State of New York, the State of New Jersey, the State of California, or the State of Maryland or the State of Minnesota, or (iii) a day on which banks in the State of New York, the State of New Jersey, the State of California, or the State of Maryland or the State of Minnesota are authorized or obligated by law or executive order to be closed.”

3.             The definition of “Closing Date” in Section 1 is revised to read in its entirety as follows:

“Closing Date:  January 27, 2012, except with respect to Section 3 and the Servicer Acknowledgement(s).”

4.             The definition of “Cut-off Date” in Section 1 is revised to read in its entirety as follows:

“Cut-off Date:  January 1, 2012, except with respect to the Servicer Acknowledgement(s).”

5.             The definition of “First Remittance Date” in Section 1 is revised to read in its entirety as follows:

“First Remittance Date:  February 25, 2012.”

A-1

6.             A new definition of “Servicing Administrator” is hereby added to Section 1, to be inserted alphabetically and to read in its entirety as follows:

“Servicing Administrator:  Redwood Residential Acquisition Corporation or its successor in interest.”

7. Owner Representation Correction

In the first sentence of Subsection 7.02(a), the phrase “federal savings bank” is replaced by the phrase “Delaware corporation” and the term “United States” is replaced by the term “Delaware”.

A-2

8. Loan Modifications and Environmental Issues

(a)           Subsection 11.01, fifth paragraph is revised to read in its entirety as follows:

“Consistent with the terms of this Agreement, and subject to the REMIC Provisions if the Mortgage Loans have been transferred to a REMIC, the Servicer may waive, modify or vary any term of any Mortgage Loan or consent to the postponement of strict compliance with any such term or in any manner grant indulgence to any Mortgagor; provided, however, that (unless the Mortgagor is in default with respect to the Mortgage Loan, or such default is, in the judgment of the Servicer, imminent, and the modification is in accordance with the previously agreed-upon customary procedures of the Servicer, which may change from time to time, or industry-accepted programs, and the Servicer has previously notified the Owner of such modification) the Servicer shall not enter into any payment plan or agreement to modify payments with a Mortgagor lasting more than twelve (12) months or permit any modification with respect to any Mortgage Loan that would change the Mortgage Interest Rate, the Lifetime Rate Cap (if applicable), the Initial Rate Cap (if applicable), the Periodic Rate Cap (if applicable) or the Gross Margin (if applicable), agree to the capitalization of arrearages, including interest, fees or expenses owed under the Mortgage Loan, make any future advances or extend the final maturity date with respect to such Mortgage Loan, or accept substitute or additional collateral or release any collateral for such Mortgage Loan.  Additionally, the Servicer shall not accept any deed-in-lieu of, short pay-off, or sell any property, in which the sale proceeds are less than the unpaid principal balance of the related Mortgage Loan without previously notifying the Owner and providing the Owner with justification for such action.   Further, unless the related Mortgage Loan is in default or such default is, in the judgment of the Servicer, imminent, the Servicer shall not defer or forgive the payment of any principal or interest or change the outstanding principal amount (except to reflect actual payments of principal) without previously notifying the Owner and providing the Owner with justification for such action.  Any capitalization of arrearages of interest, fees and expenses in excess of 10% of the outstanding unpaid principal balance of the related Mortgage Loan immediately prior to the capitalization shall be made only after the Servicer has notified the Owner and provided the Owner with justification for the capitalization.   Without limiting the generality of the foregoing, the Servicer in its own name or acting through subservicers or agents is hereby authorized and empowered by the Owner when the Servicer believes it appropriate and reasonable in its best judgment, to execute and deliver, on behalf of itself or the Owner, all instruments of satisfaction or cancellation, or of partial or full release and discharge, and all other comparable instruments, with respect to the Mortgage Loans and the Mortgaged Properties and to institute foreclosure proceedings or obtain a deed-in-lieu of foreclosure so as to convert the ownership of such properties, and to hold or cause to be held title to such properties, on behalf of the Owner pursuant to the provisions of Subsection 11.13.  Notwithstanding anything to the contrary in the this Agreement, the Servicer shall not make or permit any modification, waiver or amendment of any term of a Mortgage Loan that could cause any REMIC holding such Mortgage Loan to fail to qualify as a REMIC or result in the imposition of any tax under Section 860F(a) or 860G(d) of the Code on any REMIC holding such Mortgage Loan.”

(b)           Subsection 11.01, eighth paragraph is revised to read in its entirety as follows:

Notwithstanding anything to the contrary contained herein, in connection with a foreclosure or acceptance of a deed in lieu of foreclosure, in the event the Servicer believes that a Mortgaged Property is contaminated by hazardous or toxic substances or wastes, or if the Owner otherwise requests an environmental inspection or review of such Mortgaged Property, such an inspection or review is to be conducted by a qualified inspector at the Owner’s expense.  Upon completion of the inspection, the Servicer shall promptly provide the Owner with a written report of the environmental inspection.  In the event (i) the environmental inspection report indicates that the Mortgaged Property is contaminated by hazardous or toxic substances or wastes and (ii) the Owner provides written approval for the Servicer to proceed with foreclosure or acceptance of a deed in lieu of foreclosure, the Servicer shall be reimbursed for all reasonable costs associated with such foreclosure or acceptance of a deed in lieu of foreclosure and any related environmental clean up costs, as applicable, from the related Liquidation Proceeds, or if the Liquidation Proceeds are insufficient fully to reimburse the Servicer, the Servicer shall be entitled to be reimbursed from amounts in the Custodial Account pursuant to Subsection 11.05 hereof.  In the event the Owner directs the Servicer not to proceed with foreclosure or acceptance of a deed in lieu of foreclosure, the Servicer shall be reimbursed for all Servicing Advances made with respect to the related Mortgaged Property from the Custodial Account pursuant to Subsection 11.05 hereof.

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9.             Subsection 11.04, first sentence of the first paragraph is revised to read in its entirety as follows:

“The Servicer shall segregate and hold all funds collected and received pursuant to each Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts (collectively, the “Custodial Account”), titled “U.S. Bank National Association, in trust for the holders of Sequoia Mortgage Trust 2012-1 Mortgage Pass-Through Certificates.”

10.           Subsection 11.04, subclause (f) of the second paragraph is revised to read in its entirety as follows:

“(f)          any amount required to be deposited in the Custodial Account pursuant to Subsections 11.15, 11.17, 11.19 and 11.25.”

11.           Notwithstanding anything to the contrary in the Flow Servicing Agreement, any Custodial Accounts established by the Servicer pursuant to Subsection 11.04 of the Flow Servicing Agreement shall qualify as Eligible Accounts as defined in the Pooling and Servicing Agreement.

 12.          Paragraphs (b), (c), (d) and (f) of Subsection 11.05 are revised to read in their entirety as follows:

(b)           to reimburse the Servicing Administrator for P&I Advances, the Servicing Administrator’s right to reimbursement pursuant to this subclause (b) with respect to any Mortgage Loan being limited to related Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds and such other amounts as may be collected by the Servicer from the related Mortgagor or otherwise relating to the Mortgage Loan, it being understood that, in the case of any such reimbursement, the Servicing Administrator’s right thereto shall be prior to the rights of the Owner with respect to such Mortgage Loan;

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            (c)           to reimburse itself or the Servicing Administrator for any unpaid portion of any Servicing Fees and for unreimbursed Servicing Advances made by the Servicer or the Servicing Administrator, the Servicer’s right to reimburse itself or the Servicing Administrator pursuant to this subclause (c) with respect to any Mortgage Loan being limited to related Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds and such other amounts as may be collected by the Servicer from the related Mortgagor or otherwise relating to the Mortgage Loan, it being understood that, in the case of any such reimbursement, the rights of the Servicer and Servicing Administrator thereto shall be prior to the rights of the Owner unless the Servicing Administrator is required to pay the Prepayment Interest Shortfall pursuant to Subsection 11.15, in which case the Servicing Administrator’s right to such reimbursement shall be subsequent to the payment to the Owner of such shortfall;

(d)           to reimburse itself or the Servicing Administrator for unreimbursed Servicing Advances, to the extent that such amounts are nonrecoverable (as certified by the Servicer or the Servicing Administrator, as applicable, to the Owner in an Officer’s Certificate) by the Servicer or the Servicing Administrator, as applicable, pursuant to subclause (c) above;

(f)           to reimburse the Servicing Administrator for xxxxxxxxxxxx X&X Advances, to the extent that such amounts are nonrecoverable (as certified by the Servicing Administrator to the Owner in an Officer’s Certificate) by the Servicing Administrator  pursuant to subclause (b) above;

13.           Amendments to Subsection 11.13

(a)           Subsection 11.13 is revised by deleting the first sentence and replacing it in its entirety with the following:

“Subject to Subsection 11.02, in the event that title to the Mortgaged Property is acquired in foreclosure or by deed in lieu of foreclosure, the deed or certificate of sale shall be taken in the name of the trust created by the Pooling and Servicing Agreement, where permitted by applicable law or regulation and consistent with Customary Servicing Procedures, and otherwise, in the name of the trustee of the Trust or its nominee.”

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(b)           Subsection 11.13 is further revised to add the following paragraphs at the end of the section:

“The REO Property must be sold within three years following the end of the calendar year of the date of acquisition if a REMIC election has been made with respect to the arrangement under which the Mortgage Loans and REO Property are held, unless (i) the Owner shall have been supplied with an Opinion of Counsel (at the expense of the Servicing Administrator) to the effect that the holding by the related trust of such Mortgaged Property subsequent to such three-year period (and specifying the period beyond such three-year period for which the Mortgaged Property may be held) will not result in the imposition of taxes on “prohibited transactions” of the related trust as defined in Section 860F of the Code, or cause the related REMIC to fail to qualify as a REMIC, in which case the related trust may continue to hold such Mortgaged Property (subject to any conditions contained in such Opinion of Counsel), or (ii) the Owner (at the Servicer’s expense) or the Servicer shall have applied for, prior to the expiration of such three-year period, an extension of such three-year period in the manner contemplated by Section 856(e)(3) of the Code, in which case the three-year period shall be extended by the applicable period.  If a period longer than three years is permitted under the foregoing sentence and is necessary to sell any REO Property, the Servicer shall report monthly to the Owner as to progress being made in selling such REO Property.

Notwithstanding any other provision of this Agreement, if a REMIC election has been made, no Mortgaged Property held by a REMIC shall be rented (or allowed to continue to be rented) or otherwise used for the production of income by or on behalf of the related trust or sold in such a manner or pursuant to any terms that would (i) cause such Mortgaged Property to fail to qualify at any time as “foreclosure property” within the meaning of Section 860G(a)(8) of the Code, (ii) subject the related trust to the imposition of any federal or state income taxes on “net income from foreclosure property” with respect to such Mortgaged Property within the meaning of Section 860G(c) of the Code, or (iii) cause the sale of such Mortgaged Property to result in the receipt by the related trust of any income from non-permitted assets as described in Section 860F(a) (2)(B) of the Code, unless the Servicer has agreed to indemnify and hold harmless the related trust with respect to the imposition of any such taxes.”

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14.           Subsection 11.17 is revised to read in its entirety as follows:

“Subsection 11.17           Advances by the Servicer or Servicing Administrator.

No later than two Business Days immediately preceding each related Remittance Date, the Servicer shall either (a) deposit in the Custodial Account from funds provided by the Servicing Administrator pursuant to Subsection 11.25 an amount equal to the aggregate amount of all Monthly Payments (with interest adjusted to the Mortgage Loan Remittance Rate) which were due on the Mortgage Loans during the applicable Due Period and which were delinquent at the close of business on the immediately preceding Determination Date, (b) cause to be made an appropriate entry in the records of the Custodial Account that amounts held for future distribution have been, as permitted by this Subsection 11.17, used by the Servicer in discharge of any such P&I Advance or (c) make P&I Advances in the form of any combination of (a) or (b) aggregating the total amount of advances to be made, subject to Subsection 11.25.  Any amounts held for future distribution and so used shall be replaced by the Servicing Administrator by deposit in the Custodial Account on or before any future Remittance Date if funds in the Custodial Account on such Remittance Date shall be less than payments to the Owner required to be made on such Remittance Date.  The Servicing Administrator’s obligation to make P&I Advances as to any Mortgage Loan will continue through the last Monthly Payment due prior to the payment in full of a Mortgage Loan, or through the last related Remittance Date prior to the Remittance Date for the distribution of all other payments or recoveries (including proceeds under any title, hazard or other insurance policy, or condemnation awards) with respect to a Mortgage Loan; provided, however, that such obligation shall cease if the Servicing Administrator, in its good faith judgment, determines that such P&I Advances would not be recoverable pursuant to Subsection 11.05(b).  The determination by the Servicing Administrator that a P&I Advance, if made, would be nonrecoverable, shall be evidenced by an Officer’s Certificate of the Servicing Administrator delivered to the Owner, which details the reasons for such determination.  Neither the Servicing Administrator nor the Servicer shall have any obligation to advance amounts in respect of shortfalls relating to the Servicemembers Civil Relief Act and similar state and local laws.

15.           The first sentence of Subsection 11.18 is revised to read in its entirety as follows:

“The Servicer will use its best efforts to enforce any “due-on-sale” provision contained in any Mortgage or Mortgage Note; provided that, subject to the Owner’s prior approval for the release of liability from the original borrower, the Servicer shall permit such assumption if so required in accordance with the terms of the Mortgage or the Mortgage Note.”

16.           The Flow Servicing Agreement is modified by adding a new Subsection 11.26 which reads in its entirety as follows:

“Subsection 11.26 Compliance with REMIC Provisions.

If a REMIC election has been made with respect to the arrangement under which the Mortgage Loans and REO Property are held, the Servicer shall not take any action, cause the REMIC to take any action or fail to take (or fail to cause to be taken) any action that, under the REMIC Provisions, if taken or not taken, as the case may be, could (i) endanger the status of the REMIC as a REMIC or (ii) result in the imposition of a tax upon the REMIC (including but not limited to the tax on “prohibited transactions” as defined in Section 860F(a)(2) of the Code and the tax on “contribution” to a REMIC set forth in Section 860G(d) of the Code unless the Servicer has received an Opinion of Counsel (at the expense of the party seeking to take such actions) to the effect that the contemplated action will not endanger such REMIC status or result in the imposition of any such tax.”

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17.           The first sentence of Subsection 12.01(b) is revised to read in its entirety as follows:

The Servicer shall promptly notify the Owner if a claim is made by a third party with respect to this Agreement or the Mortgage Loans, and the Servicer shall assume the defense of any such claim and pay all expenses in connection therewith, including counsel fees.

18.           Subsection 12.04 is revised to read in its entirety as follows:

“Subsection 12.04           Servicer Not to Resign.

The Servicer shall not assign this Agreement or resign from the obligations and duties hereby imposed on it except by mutual consent of the Servicer and the Owner or upon the determination that the Servicer’s duties hereunder are no longer permissible under applicable law and such incapacity cannot be cured by the Servicer.  No such resignation of or assignment by the Servicer shall become effective until a successor has assumed the Servicer’s responsibilities and obligations hereunder in accordance with Subsection 14.02.”

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