INDYMAC ABS, INC. Depositor INDYMAC BANK, F.S.B. Seller and Servicer DEUTSCHE BANK NATIONAL TRUST COMPANY Trustee and Supplemental Interest Trust Administrator POOLING AND SERVICING AGREEMENT Dated as of January 1, 2006 HOME EQUITY MORTGAGE LOAN...
INDYMAC ABS, INC.
Depositor
INDYMAC BANK, F.S.B.
Seller and Servicer
DEUTSCHE BANK NATIONAL TRUST COMPANY
Trustee and Supplemental Interest Trust Administrator
____________________________________
POOLING AND SERVICING AGREEMENT
Dated as of January 1, 2006
_____________________________________
HOME EQUITY MORTGAGE LOAN ASSET-BACKED TRUST
Series INABS 2006-A
HOME EQUITY MORTGAGE LOAN ASSET-BACKED CERTIFICATES
Series INABS 2006-A
TABLE OF CONTENTS
ARTICLE I
DEFINITIONS
Section 1.01 |
Definitions. |
Section 1.02 |
Rules of Construction. |
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS; REPRESENTATIONS AND WARRANTIES
Section 2.01 |
Conveyance of Mortgage Loans. |
Section 2.02 |
Acceptance by the Trustee of the Mortgage Loans. |
Section 2.03 |
Representations, Warranties, and Covenants of the Seller and the Servicer. |
Section 2.04 |
Representations and Warranties of the Depositor as to the Mortgage Loans. |
Section 2.05 |
Delivery of Opinion of Counsel in Connection with Substitutions and Repurchases. |
Section 2.06 |
Execution and Delivery of Certificates. |
Section 2.07 |
Reserved. |
Section 2.08 |
REMIC Matters. |
Section 2.09 |
Covenants of the Servicer. |
Section 2.10 |
Purposes and Powers of the Trust |
ARTICLE III
ADMINISTRATION AND SERVICING OF MORTGAGE LOANS
Section 3.01 |
Servicer to Service Mortgage Loans. |
Section 3.02 |
Reserved. |
Section 3.03 |
[Reserved]. |
Section 3.04 |
[Reserved]. |
Section 3.05 |
Trustee to Act as Servicer. |
Section 3.06 |
Collection of Mortgage Loan Payments; Servicing Accounts; Collection Account; Certificate Account; Distribution Account; Excess Reserve Fund Account. |
Section 3.07 |
Collection of Taxes, Assessments, and Similar Items Escrow Accounts. |
Section 3.08 |
Access to Certain Documentation and Information Regarding the Mortgage Loans. |
Section 3.09 |
Permitted Withdrawals from the Certificate Account, the Distribution Account, and the Excess Reserve Fund Account. |
Section 3.10 |
Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies. |
Section 3.11 |
Enforcement of Due-On-Sale Clauses; Assumption Agreements. |
Section 3.12 |
Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans. |
Section 3.13 |
Trustee to Cooperate; Release of Mortgage Files. |
Section 3.14 |
Documents, Records, and Funds in Possession of the Servicer to be Held for the Trustee. |
Section 3.15 |
Servicing Compensation. |
Section 3.16 |
Access to Certain Documentation. |
Section 3.17 |
Annual Statement as to Compliance. |
Section 3.18 |
Assessments of Compliance and Attestation Reports. |
Section 3.19 |
Errors and Omissions Insurance; Fidelity Bonds. |
Section 3.20 |
Notification of Adjustments. |
Section 3.21 |
Prepayment Charges. |
Section 3.22 |
Reserved. |
Section 3.23 |
Reserved. |
Section 3.24 |
Commission Reporting |
ARTICLE IV
DISTRIBUTIONS AND ADVANCES BY THE SERVICER
Section 4.01 |
Advances. |
Section 4.02 |
Priorities of Distribution. |
Section 4.03 |
Monthly Statements to Certificateholders. |
Section 4.04 |
Reserved. |
Section 4.05 |
Supplemental Interest Trust. |
Section 4.06 |
Tax Treatment of Net Swap Payments and Swap Termination Payments. |
Section 4.07 |
Certain Matters Relating to the Determination of LIBOR. |
ARTICLE V
THE CERTIFICATES
Section 5.01 |
The Certificates. |
Section 5.02 |
Certificate Register; Registration of Transfer and Exchange of Certificates. |
Section 5.03 |
Mutilated, Destroyed, Lost or Stolen Certificates. |
Section 5.04 |
Persons Deemed Owners. |
Section 5.05 |
Access to List of Certificateholders’ Names and Addresses. |
Section 5.06 |
Maintenance of Office or Agency. |
ARTICLE VI
THE DEPOSITOR AND THE SERVICER
Section 6.01 |
Respective Liabilities of the Depositor and the Servicer. |
Section 6.02 |
Merger or Consolidation of the Depositor or the Servicer. |
Section 6.03 |
Limitation on Liability of the Depositor, the Seller, the Servicer, and Others. |
Section 6.04 |
Limitation on Resignation of the Servicer. |
Section 6.05 |
Inspection. |
ARTICLE VII
DEFAULT
Section 7.01 |
Events of Default. |
Section 7.02 |
Trustee to Act; Appointment of Successor. |
Section 7.03 |
Notification to Certificateholders. |
ARTICLE VIII
CONCERNING THE TRUSTEE AND THE SUPPLEMENTAL INTEREST TRUST ADMINISTRATOR
Section 8.01 |
Duties of the Trustee and the Supplemental Interest Trust Administrator. |
Section 8.02 |
Certain Matters Affecting the Trustee and the Supplemental Interest Trust Administrator. |
Section 8.03 |
Trustee and Supplemental Interest Trust Administrator Not Liable for Certificates or Mortgage Loans. |
Section 8.04 |
Trustee and Supplemental Interest Trust Administrator May Own Certificates. |
Section 8.05 |
Trustee’s Fees and Expenses. |
Section 8.06 |
Eligibility Requirements for the Trustee and the Supplemental Interest Trust Administrator. |
Section 8.07 |
Resignation and Removal of the Trustee and the Supplemental Interest Trust Administrator. |
Section 8.08 |
Successor Trustee or Supplemental Interest Trust Administrator. |
Section 8.09 |
Merger or Consolidation of the Trustee or the Supplemental Interest Trust Administrator. |
Section 8.10 |
Appointment of Co-Trustee or Separate Trustee. |
Section 8.11 |
Tax Matters. |
Section 8.12 |
[Reserved.] |
Section 8.13 |
[Reserved] |
Section 8.14 |
[Reserved] |
Section 8.15 |
Access to Records of Trustee. |
Section 8.16 |
Suits for Enforcement. |
ARTICLE IX
TERMINATION
Section 9.01 |
Termination upon Liquidation or Purchase of the Mortgage Loans. |
Section 9.02 |
Final Distribution on the Certificates. |
Section 9.03 |
Additional Termination Requirements. |
Section 9.04 |
Termination of the Supplemental Interest Trust. |
ARTICLE X
MISCELLANEOUS PROVISIONS
Section 10.01 |
Amendment. |
Section 10.02 |
Recordation of Agreement; Counterparts. |
Section 10.03 |
Governing Law. |
Section 10.04 |
Intention of Parties. |
Section 10.05 |
Notices. |
Section 10.06 |
Severability of Provisions. |
Section 10.07 |
Assignment. |
Section 10.08 |
Limitation on Rights of Certificateholders. |
Section 10.09 |
Inspection and Audit Rights. |
Section 10.10 |
Certificates Nonassessable and Fully Paid. |
Section 10.11 |
Official Record. |
Section 10.12 |
Protection of Assets. |
Section 10.13 |
Qualifying Special Purpose Entity. |
Section 10.14 |
Rights of NIM Insurer. |
SCHEDULES
Schedule I |
Mortgage Loan Schedule |
Schedule II: |
Representations and Warranties of the Seller/Servicer as of the Closing Date |
Schedule III: |
Representations and Warranties as to the Mortgage Loans as of the Closing Date or Cut-off Date, as applicable |
EXHIBITS
Exhibit A: |
Form of Class A and Subordinated Certificates |
Exhibit B: |
Form of Class P Certificate |
Exhibit C: |
Form of Residual Certificate |
Exhibit D: |
Form of Class C Certificate |
Exhibit E: |
[Reserved]. |
Exhibit F: |
Form of Reverse of Certificates |
Exhibit G-1: |
Form of Initial Certification of Trustee |
Exhibit G-2: |
Form of Delayed Delivery Certification |
Exhibit H: |
Form of Final Certification of Trustee |
Exhibit I: |
Form of Transfer Affidavit |
Exhibit J: |
Form of Transferor Certificate |
Exhibit K: |
Form of Swap Agreement |
Exhibit L: |
Form of Rule 144A Letter |
Exhibit M: |
Form of Request for Release (for Trustee) |
Exhibit N: |
Form of Request for Release (Mortgage Loan Paid in Full, Repurchased, and Released) |
Exhibit O1: |
Form of Depositor Certification |
Exhibit O2: |
Form of Trustee Certification |
Exhibit P: |
[Reserved] |
Exhibit Q: |
[Reserved] |
Exhibit R: |
Servicing Criteria to be addressed in Assessment of Compliance |
Exhibit S: |
Reporting Responsibility |
THIS POOLING AND SERVICING AGREEMENT, dated as of January 1, 2006, among IndyMac ABS, Inc., a Delaware corporation, as depositor (the “Depositor”), IndyMac Bank, F.S.B. (“IndyMac”), a federal savings bank, as seller (in that capacity, the “Seller”) and as servicer (in that capacity, the “Servicer”), and Deutsche Bank National Trust Company, a national banking association, as trustee (the “Trustee”) and as supplemental interest trust administrator (the “Supplemental Interest Trust Administrator”),
WITNESSETH THAT
In consideration of the mutual agreements herein contained, the parties agree as follows:
PRELIMINARY STATEMENT
The Depositor intends to sell pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement.
REMIC I
As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (the Excess Reserve Fund Account, the Supplemental Interest Trust and the Swap Agreement) subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as REMIC I. The Class R-I Interest will be the sole class of residual interests in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the latest possible maturity date for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated.
Designation |
|
REMIC I |
|
Initial |
|
Latest Possible |
|
|
I |
|
Variable(2) |
|
$ |
1.80 |
|
March 25, 2036 |
|
I-1-A |
|
Variable(2) |
|
$ |
2,170,918.75 |
|
March 25, 2036 |
|
I-1-B |
|
Variable(2) |
|
$ |
2,170,918.75 |
|
March 25, 2036 |
|
I-2-A |
|
Variable(2) |
|
$ |
3,089,000.00 |
|
March 25, 2036 |
|
I-2-B |
|
Variable(2) |
|
$ |
3,089,000.00 |
|
March 25, 2036 |
|
I-3-A |
|
Variable(2) |
|
$ |
4,017,000.00 |
|
March 25, 2036 |
|
I-3-B |
|
Variable(2) |
|
$ |
4,017,000.00 |
|
March 25, 2036 |
|
I-4-A |
|
Variable(2) |
|
$ |
4,943,000.00 |
|
March 25, 2036 |
|
I-4-B |
|
Variable(2) |
|
$ |
4,943,000.00 |
|
March 25, 2036 |
|
I-5-A |
|
Variable(2) |
|
$ |
5,863,000.00 |
|
March 25, 2036 |
|
I-5-B |
|
Variable(2) |
|
$ |
5,863,000.00 |
|
March 25, 2036 |
|
I-6-A |
|
Variable(2) |
|
$ |
6,765,000.00 |
|
March 25, 2036 |
|
I-6-B |
|
Variable(2) |
|
$ |
6,765,000.00 |
|
March 25, 2036 |
|
I-7-A |
|
Variable(2) |
|
$ |
7,641,500.00 |
|
March 25, 2036 |
|
I-7-B |
|
Variable(2) |
|
$ |
7,641,500.00 |
|
March 25, 2036 |
|
I-8-A |
|
Variable(2) |
|
$ |
8,480,000.00 |
|
March 25, 2036 |
|
I-8-B |
|
Variable(2) |
|
$ |
8,480,000.00 |
|
March 25, 2036 |
|
I-9-A |
|
Variable(2) |
|
$ |
9,267,000.00 |
|
March 25, 2036 |
|
I-9-B |
|
Variable(2) |
|
$ |
9,267,000.00 |
|
March 25, 2036 |
|
I-10-A |
|
Variable(2) |
|
$ |
9,799,500.00 |
|
March 25, 2036 |
|
I-10-B |
|
Variable(2) |
|
$ |
9,799,500.00 |
|
March 25, 2036 |
|
I-11-A |
|
Variable(2) |
|
$ |
10,172,500.00 |
|
March 25, 2036 |
|
I-11-B |
|
Variable(2) |
|
$ |
10,172,500.00 |
|
March 25, 2036 |
|
I-12-A |
|
Variable(2) |
|
$ |
9,797,500.00 |
|
March 25, 2036 |
|
I-12-B |
|
Variable(2) |
|
$ |
9,797,500.00 |
|
March 25, 2036 |
|
I-13-A |
|
Variable(2) |
|
$ |
9,331,500.00 |
|
March 25, 2036 |
|
I-13-B |
|
Variable(2) |
|
$ |
9,331,500.00 |
|
March 25, 2036 |
|
I-14-A |
|
Variable(2) |
|
$ |
8,888,500.00 |
|
March 25, 2036 |
|
I-14-B |
|
Variable(2) |
|
$ |
8,888,500.00 |
|
March 25, 2036 |
|
I-15-A |
|
Variable(2) |
|
$ |
8,468,500.00 |
|
March 25, 2036 |
|
I-15-B |
|
Variable(2) |
|
$ |
8,468,500.00 |
|
March 25, 2036 |
|
I-16-A |
|
Variable(2) |
|
$ |
8,066,000.00 |
|
March 25, 2036 |
|
I-16-B |
|
Variable(2) |
|
$ |
8,066,000.00 |
|
March 25, 2036 |
|
I-17-A |
|
Variable(2) |
|
$ |
7,682,500.00 |
|
March 25, 2036 |
|
I-17-B |
|
Variable(2) |
|
$ |
7,682,500.00 |
|
March 25, 2036 |
|
I-18-A |
|
Variable(2) |
|
$ |
7,318,000.00 |
|
March 25, 2036 |
|
I-18-B |
|
Variable(2) |
|
$ |
7,318,000.00 |
|
March 25, 2036 |
|
I-19-A |
|
Variable(2) |
|
$ |
7,029,500.00 |
|
March 25, 2036 |
|
I-19-B |
|
Variable(2) |
|
$ |
7,029,500.00 |
|
March 25, 2036 |
|
I-20-A |
|
Variable(2) |
|
$ |
7,805,000.00 |
|
March 25, 2036 |
|
I-20-B |
|
Variable(2) |
|
$ |
7,805,000.00 |
|
March 25, 2036 |
|
I-21-A |
|
Variable(2) |
|
$ |
7,899,000.00 |
|
March 25, 2036 |
|
I-21-B |
|
Variable(2) |
|
$ |
7,899,000.00 |
|
March 25, 2036 |
|
I-22-A |
|
Variable(2) |
|
$ |
11,694,500.00 |
|
March 25, 2036 |
|
I-22-B |
|
Variable(2) |
|
$ |
11,694,500.00 |
|
March 25, 2036 |
|
I-23-A |
|
Variable(2) |
|
$ |
11,119,000.00 |
|
March 25, 2036 |
|
I-23-B |
|
Variable(2) |
|
$ |
11,119,000.00 |
|
March 25, 2036 |
|
I-24-A |
|
Variable(2) |
|
$ |
9,914,500.00 |
|
March 25, 2036 |
|
I-24-B |
|
Variable(2) |
|
$ |
9,914,500.00 |
|
March 25, 2036 |
|
I-25-A |
|
Variable(2) |
|
$ |
8,371,000.00 |
|
March 25, 2036 |
|
I-25-B |
|
Variable(2) |
|
$ |
8,371,000.00 |
|
March 25, 2036 |
|
I-26-A |
|
Variable(2) |
|
$ |
7,263,000.00 |
|
March 25, 2036 |
|
I-26-B |
|
Variable(2) |
|
$ |
7,263,000.00 |
|
March 25, 2036 |
|
I-27-A |
|
Variable(2) |
|
$ |
4,587,500.00 |
|
March 25, 2036 |
|
I-27-B |
|
Variable(2) |
|
$ |
4,587,500.00 |
|
March 25, 2036 |
|
I-28-A |
|
Variable(2) |
|
$ |
4,007,000.00 |
|
March 25, 2036 |
|
I-28-B |
|
Variable(2) |
|
$ |
4,007,000.00 |
|
March 25, 2036 |
|
I-29-A |
|
Variable(2) |
|
$ |
3,779,000.00 |
|
March 25, 2036 |
|
I-29-B |
|
Variable(2) |
|
$ |
3,779,000.00 |
|
March 25, 2036 |
|
I-30-A |
|
Variable(2) |
|
$ |
3,562,500.00 |
|
March 25, 2036 |
|
I-30-B |
|
Variable(2) |
|
$ |
3,562,500.00 |
|
March 25, 2036 |
|
I-31-A |
|
Variable(2) |
|
$ |
3,359,500.00 |
|
March 25, 2036 |
|
I-31-B |
|
Variable(2) |
|
$ |
3,359,500.00 |
|
March 25, 2036 |
|
I-32-A |
|
Variable(2) |
|
$ |
3,169,000.00 |
|
March 25, 2036 |
|
I-32-B |
|
Variable(2) |
|
$ |
3,169,000.00 |
|
March 25, 2036 |
|
I-33-A |
|
Variable(2) |
|
$ |
2,989,000.00 |
|
March 25, 2036 |
|
I-33-B |
|
Variable(2) |
|
$ |
2,989,000.00 |
|
March 25, 2036 |
|
I-34-A |
|
Variable(2) |
|
$ |
2,820,000.00 |
|
March 25, 2036 |
|
I-34-B |
|
Variable(2) |
|
$ |
2,820,000.00 |
|
March 25, 2036 |
|
I-35-A |
|
Variable(2) |
|
$ |
2,660,500.00 |
|
March 25, 2036 |
|
I-35-B |
|
Variable(2) |
|
$ |
2,660,500.00 |
|
March 25, 2036 |
|
I-36-A |
|
Variable(2) |
|
$ |
2,509,000.00 |
|
March 25, 2036 |
|
I-36-B |
|
Variable(2) |
|
$ |
2,509,000.00 |
|
March 25, 2036 |
|
I-37-A |
|
Variable(2) |
|
$ |
2,368,000.00 |
|
March 25, 2036 |
|
I-37-B |
|
Variable(2) |
|
$ |
2,368,000.00 |
|
March 25, 2036 |
|
I-38-A |
|
Variable(2) |
|
$ |
2,234,500.00 |
|
March 25, 2036 |
|
I-38-B |
|
Variable(2) |
|
$ |
2,234,500.00 |
|
March 25, 2036 |
|
I-39-A |
|
Variable(2) |
|
$ |
2,109,000.00 |
|
March 25, 2036 |
|
I-39-B |
|
Variable(2) |
|
$ |
2,109,000.00 |
|
March 25, 2036 |
|
I-40-A |
|
Variable(2) |
|
$ |
1,990,500.00 |
|
March 25, 2036 |
|
I-40-B |
|
Variable(2) |
|
$ |
1,990,500.00 |
|
March 25, 2036 |
|
I-41-A |
|
Variable(2) |
|
$ |
1,879,500.00 |
|
March 25, 2036 |
|
I-41-B |
|
Variable(2) |
|
$ |
1,879,500.00 |
|
March 25, 2036 |
|
I-42-A |
|
Variable(2) |
|
$ |
1,773,500.00 |
|
March 25, 2036 |
|
I-42-B |
|
Variable(2) |
|
$ |
1,773,500.00 |
|
March 25, 2036 |
|
I-43-A |
|
Variable(2) |
|
$ |
1,675,000.00 |
|
March 25, 2036 |
|
I-43-B |
|
Variable(2) |
|
$ |
1,675,000.00 |
|
March 25, 2036 |
|
I-44-A |
|
Variable(2) |
|
$ |
1,581,500.00 |
|
March 25, 2036 |
|
I-44-B |
|
Variable(2) |
|
$ |
1,581,500.00 |
|
March 25, 2036 |
|
I-45-A |
|
Variable(2) |
|
$ |
1,493,500.00 |
|
March 25, 2036 |
|
I-45-B |
|
Variable(2) |
|
$ |
1,493,500.00 |
|
March 25, 2036 |
|
I-46-A |
|
Variable(2) |
|
$ |
1,410,500.00 |
|
March 25, 2036 |
|
I-46-B |
|
Variable(2) |
|
$ |
1,410,500.00 |
|
March 25, 2036 |
|
I-47-A |
|
Variable(2) |
|
$ |
1,333,000.00 |
|
March 25, 2036 |
|
I-47-B |
|
Variable(2) |
|
$ |
1,333,000.00 |
|
March 25, 2036 |
|
I-48-A |
|
Variable(2) |
|
$ |
23,852,000.00 |
|
March 25, 2036 |
|
I-48-B |
|
Variable(2) |
|
$ |
23,852,000.00 |
|
March 25, 2036 |
|
(1) |
For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the “latest possible maturity date” for each REMIC I Regular Interest. |
(2) |
Calculated in accordance with the definition of “REMIC I Remittance Rate” herein. |
REMIC II
As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as REMIC II. The Class R-II Interest will evidence the sole class of residual interests in REMIC II for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the REMIC II Remittance Rate, the initial Uncertificated Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the latest possible maturity date for each of the REMIC II Regular Interests (as defined herein). None of the REMIC II Regular Interests will be certificated.
Designation |
|
REMIC II |
|
Initial |
|
Latest Possible | |
LTAA |
|
Variable(2) |
|
$ |
548,799,744.51 |
|
March 25, 2036 |
LTA1 |
|
Variable(2) |
|
$ |
2,185,000.00 |
|
Xxxxx 00, 0000 |
XXX0 |
|
Variable(2) |
|
$ |
895,000.00 |
|
March 25, 2036 |
LTA3 |
|
Variable(2) |
|
$ |
985,000.00 |
|
March 25, 2036 |
LTA4 |
|
Variable(2) |
|
$ |
305,800.00 |
|
March 25, 2036 |
LTM1 |
|
Variable(2) |
|
$ |
212,800.00 |
|
March 25, 2036 |
LTM2 |
|
Variable(2) |
|
$ |
193,200.00 |
|
March 25, 2036 |
LTM3 |
|
Variable(2) |
|
$ |
114,800.00 |
|
March 25, 2036 |
LTM4 |
|
Variable(2) |
|
$ |
98,000.00 |
|
March 25, 2036 |
LTM5 |
|
Variable(2) |
|
$ |
98,000.00 |
|
March 25, 2036 |
LTM6 |
|
Variable(2) |
|
$ |
86,800.00 |
|
March 25, 2036 |
LTM7 |
|
Variable(2) |
|
$ |
81,200.00 |
|
March 25, 2036 |
LTM8 |
|
Variable(2) |
|
$ |
78,400.00 |
|
March 25, 2036 |
LTM9 |
|
Variable(2) |
|
$ |
56,000.00 |
|
March 25, 2036 |
LTM10 |
|
Variable(2) |
|
$ |
64,400.00 |
|
March 25, 2036 |
LTZZ |
|
Variable(2) |
|
$ |
5,745,594.79 |
|
Xxxxx 00, 0000 |
XXX |
|
Variable(2) |
|
$ |
100.00 |
|
March 25, 2036 |
LTIO |
|
Variable(2) |
|
|
(3) |
|
March 25, 2036
|
(1) |
For purposes of Treasury Regulation Section 1.860G-1(a)(4)(iii), the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the latest possible maturity date for each REMIC II Regular Interest. |
(2) |
Calculated in accordance with the definition of REMIC II Remittance Rate herein. |
(3) |
REMIC II Regular Interest LTIO will not have a Certificate Balance, but will accrue interest on its Uncertificated Notional Amount, as defined herein. |
REMIC III
As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC II Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as REMIC III. The Class R-III Interest will evidence the sole class of residual interests in REMIC III for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the latest possible maturity date for the indicated Classes of Certificates. The Class C Interest, the Class P Interest and the Class IO Interest shall represent uncertificated regular interests in REMIC III.
Each Class A and Subordinate Certificate generally represents ownership of a regular interest in REMIC III and also represents (i) the right to receive payments with respect to the Net WAC Cap Carry Forward Amount and (ii) the obligation to pay the Class IO Distribution Amount (as defined herein). The entitlement to principal of each REMIC III Regular Interest ownership of which is represented by a regular interest which corresponds to each Certificate shall be equal in amount and timing to the entitlement to principal of such Certificate.
Designation |
|
Pass-Through Rate |
|
Initial Aggregate |
|
Latest Possible | |
Class A1 |
|
Variable(2) |
|
$ |
218,500,000.00 |
|
March 25, 2036 |
Class A2 |
|
Variable(2) |
|
$ |
89,500,000.00 |
|
March 25, 2036 |
Class A3 |
|
Variable(2) |
|
$ |
98,500,000.00 |
|
March 25, 2036 |
Class A4 |
|
Variable(2) |
|
$ |
30,580,000.00 |
|
March 25, 2036 |
Class M-1 |
|
Variable(2) |
|
$ |
21,280,000.00 |
|
March 25, 2036 |
Class M-2 |
|
Variable(2) |
|
$ |
19,320,000.00 |
|
March 25, 2036 |
Class M-3 |
|
Variable(2) |
|
$ |
11,480,000.00 |
|
March 25, 2036 |
Class M-4 |
|
Variable(2) |
|
$ |
9,800,000.00 |
|
March 25, 2036 |
Class M-5 |
|
Variable(2) |
|
$ |
9,800,000.00 |
|
March 25, 2036 |
Class M-6 |
|
Variable(2) |
|
$ |
8,680,000.00 |
|
March 25, 2036 |
Class M-7 |
|
Variable(2) |
|
$ |
8,120,000.00 |
|
March 25, 2036 |
Class M-8 |
|
Variable(2) |
|
$ |
7,840,000.00 |
|
March 25, 2036 |
Class M-9 |
|
Variable(2) |
|
$ |
5,600,000.00 |
|
March 25, 2036 |
Class M-10 |
|
Variable(2) |
|
$ |
6,440,000.00 |
|
March 25, 2036 |
Class C Interest |
|
Variable(2)(3) |
|
$ |
14,559,739.30 |
|
March 25, 2036 |
Class P Interest |
|
(4) |
|
$ |
100.00 |
|
March 25, 2036 |
Class IO Interest |
|
(5) |
|
|
(6) |
|
March 25, 2036 |
________________
(1) |
For purposes of Treasury Regulation Section 1.860G-1(a)(4)(iii), the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the latest possible maturity date for each REMIC III Regular Interest. |
(2) |
Calculated in accordance with the definition of Pass-Through Rate herein. |
(3) |
The Class C Interest will accrue interest at its variable Pass-Through Rate on the Notional Amount of the Class C Interest outstanding from time to time, which shall equal the Uncertificated Balances of the REMIC II Regular Interests, other than REMIC II Regular Interest LTP. The Class C Interest will not accrue interest on its Uncertificated Balance. |
(4) |
The Class P Interest will not accrue interest. |
(5) |
For federal income tax purposes, the Class IO Interest will not have a Pass-Through Rate, but will be entitled to 100% of the amounts distributed on REMIC II Regular Interest LTIO. |
(6) |
For federal income tax purposes, the Class IO Interest will not have an Uncertificated Balance, but will have a notional amount equal to the Uncertificated Notional Amount of REMIC II Regular Interest LTIO. |
REMIC IV
As provided herein, the Trustee shall make an election to treat the Class C Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV.” The Class R-IV Interest represents the sole class of “residual interests” in REMIC IV for purposes of the REMIC Provisions.
The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial Certificate Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the latest possible maturity date for the Class C Certificates.
Designation |
Pass-Through Rate |
Initial |
Latest Possible |
Class C |
(2) |
$ 14,559,739.30 |
March 25, 2036 |
________________
(1) |
For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date in the month immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the “latest possible maturity date” for the Class C Certificates. |
(2) |
The Class C Certificates will receive 100% of amounts received in respect of the Class C Interest. |
REMIC V
As provided herein, the Trustee shall make an election to treat the Class P Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC V.” The Class R-V Interest represents the sole class of “residual interests” in REMIC V for purposes of the REMIC Provisions.
The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial Certificate Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the latest possible maturity date for the Class P Certificates.
Designation |
Pass-Through Rate |
Initial |
Latest Possible |
Class P |
(2) |
$ 100.00 |
March 25, 2036 |
________________
(1) |
For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date in the month immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the “latest possible maturity date” for the Class P Certificates. |
(2) |
The Class P Certificates will receive 100% of amounts received in respect of the Class P Interest. |
REMIC VI
As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the SWAP IO Interest as a REMIC for federal income tax purposes, and such segregated pool of assets shall be designated as “REMIC VI.” The Class R-VI Interest represents the sole class of “residual interests” in REMIC VI for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial Certificate Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the latest possible maturity date for REMIC VI Regular Interest SWAP IO, which will be uncertificated.
Designation |
Pass-Through Rate |
Initial |
Latest Possible |
SWAP IO |
(2) |
N/A |
March 25, 2036 |
________________
(1) |
For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date in the month immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the “latest possible maturity date” for REMIC VI Regular Interest SWAP IO. |
(2) |
REMIC VI Regular Interest SWAP IO shall receive 100% of amounts received in respect of the Class IO Interest. |
Set forth below are designations of Classes of Certificates to the categories used herein:
Book-Entry Certificates |
All Classes of Certificates other than the Definitive Certificates. |
Class A Certificates |
Class A-1, Class A-2, Class A-3 and Class A-4 Certificates. |
Subordinated Certificates... |
Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9 and Class M-10 Certificates. |
ERISA-Restricted Certificates |
Class R, Class R-X, Class C and Class P; and the Certificates of any Class that cease to satisfy the rating requirements of the Underwriter’s Exemption. |
LIBOR Certificates |
All Classes of Certificates other than the Private Certificates. |
Offered Certificates |
All Classes of Certificates other than the Private Certificates. |
Definitive Certificates |
Class R, Class R-X, Class P and Class C Certificates. |
Private Certificates |
Class R, Class R-X, Class P and Class C Certificates. |
Rating Agencies |
Xxxxx’x, S&P and Fitch. |
Regular Certificates |
All Classes of Certificates other than the Class R and Class R-X Certificates. |
Residual Certificates |
Class R and Class R-X Certificates. |
I
ARTICLE I
DEFINITIONS
|
Section 1.01 |
Definitions. |
Whenever used in this Agreement or in the Preliminary Statement, the following words and phrases, unless the context otherwise requires, shall have the meanings specified in this Article. Unless otherwise specified, all calculations in respect of interest on the Class A Certificates and Subordinated Certificates shall be made on the basis of the actual number of days elapsed and a 360-day year and all calculations in respect of interest on the Class C Certificates, Class IO Interest, REMIC I Regular Interests, REMIC II Regular Interests and all other calculations of interest described herein shall be made on the basis of a 360-day year consisting of twelve 30-day months. The Class P Certificates and the Residual Certificates are not entitled to distributions in respect of interest and, accordingly, will not accrue interest.
60+ Day Delinquent Loan: As of any day during any calendar month, each Mortgage Loan in foreclosure, all REO Property, each Mortgage Loan for which the Mortgagor has filed for bankruptcy, and each Mortgage Loan with respect to which any portion of a Scheduled Payment is, as of the last day of the Remittance Period before the Remittance Period ending in such calendar month, two months or more past due (without giving effect to any grace period). For instance, in making a determination on the Distribution Date in December (December 25) with respect to a Mortgage Loan whose Scheduled Payment for October is delinquent (and that has no previous Scheduled Payment that is delinquent), that Mortgage Loan would not be a 60+ Day Delinquent Loan because as of the last day of the Remittance Period before the Remittance Period ending in December (which would be the Remittance Period ending in November (on November 1)), the Scheduled Payment for October (due October 1) would only be one month past due.
Accrued Certificate Interest Distribution Amount: For any Distribution Date for each Class of Certificates (other than the Class P, Class R, Class R-X and Class C Certificates), the amount of interest accrued during the related Interest Accrual Period at the applicable Pass-Through Rate on the related Class Certificate Balance immediately before the Distribution Date reduced by any Net Prepayment Interest Shortfalls and Relief Act Interest Shortfalls for such Distribution Date allocated to such Class (allocated to each Certificate based on its respective entitlements to interest irrespective of any Prepayment Interest Shortfalls or Relief Act Interest Shortfalls for such Distribution Date).
Adjusted Mortgage Rate: As to each Mortgage Loan and at any time, the per annum rate equal to (x) the Mortgage Rate less (y) the Servicing Fee Rate.
Adjusted Net Mortgage Rate: As to each Mortgage Loan and at any time, the per annum rate equal to (x) the Mortgage Rate less (y) the Expense Fee Rate.
Adjustment Date: As to any adjustable-rate Mortgage Loan, the first Due Date on which the related Mortgage Rate adjusts as provided in the related Mortgage Note and each Due Date thereafter on which the Mortgage Rate adjusts as provided in the related Mortgage Note.
Advance: The payment required to be made by the Servicer for any Distribution Date pursuant to Section 4.01, the amount of that payment being equal to the aggregate of payments of principal and interest (net of the Servicing Fee and any net proceeds in the case of any REO Properties) on the Mortgage Loans that were due during the related Remittance Period and not received as of the close of business on the related Determination Date, plus an amount equivalent to interest on each REO Property less the aggregate amount of any delinquent payments that the Servicer has determined would constitute a Nonrecoverable Advance if advanced.
Affected Party: As defined in the Swap Agreement.
Affiliate: With respect to any Person, any other Person controlling, controlled or under common control with such Person. For purposes of this definition, “control” means the power to direct the management and policies of a Person, directly or indirectly, whether through ownership of voting securities, by contract, or otherwise and “controlling” and “controlled” shall have meanings correlative to the foregoing. Affiliates also include any entities consolidated within the requirements of generally accepted accounting principles.
Agreement: This Pooling and Servicing Agreement and all amendments and supplements hereto.
Amount Held for Future Distribution: For any Distribution Date, the aggregate amount held in the Certificate Account at the close of business on the related Determination Date on account of (i) Principal Prepayments received after the end of the related Prepayment Period and Liquidation Proceeds and Subsequent Recoveries on the Mortgage Loans, in each case, received after the end of the preceding calendar month and (ii) all Scheduled Payments on the Mortgage Loans due after the end of the related Remittance Period.
Applied Realized Loss Amount: For any Distribution Date and any Class of Subordinated Certificates, the excess of the aggregate Class Certificate Balance of the Class A and Subordinated Certificates over the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the preceding Remittance Period.
Available Funds: For any Distribution Date,
are the sum of:
(i) all scheduled installments of interest (net of the related Expense Fees) and principal due on the Due Date on the Mortgage Loans in the related Remittance Period and received by the related Determination Date, together with any related Advances;
(ii) all Insurance Proceeds (other than Insurance Proceeds included in Liquidation Proceeds), Liquidation Proceeds and Subsequent Recoveries received during the preceding calendar month (in each case, net of unreimbursed expenses incurred in connection with a liquidation or foreclosure and net of the related Excess Proceeds);
(iii) all partial or full Principal Prepayments on the Mortgage Loans received during the related Prepayment Period together with all Compensating Interest on those Mortgage Loans and interest paid by the Mortgagors (other than Prepayment Interest Excess); and
(iv) amounts received for the Distribution Date as the Substitution Adjustment Amount or the purchase price of a Deleted Mortgage Loan or a Mortgage Loan repurchased by the Seller or the Servicer as of the Distribution Date and the proceeds received with respect to the termination of the Trust Fund;
minus
(v) amounts in reimbursement for Advances previously made with respect to the Mortgage Loans, and other expenses reimbursable to the Servicer with respect to the Mortgage Loans pursuant to this Agreement and, as applicable, payable by the Trustee out of the Distribution Account pursuant to Section 3.09(b); and
minus
(vi) any Net Swap Payment or Swap Termination Payment owed to the Swap Provider (other than Swap Termination Payments resulting from a Swap Provider Trigger Event).
Bankruptcy Code: The United States Bankruptcy Reform Act of 1978, as amended.
Basic Principal Distribution Amount: For any Distribution Date, the excess of (i) the Principal Remittance Amount for that Distribution Date over (ii) the Excess Overcollateralization Amount, if any, for that Distribution Date.
Book-Entry Certificates: As specified in the Preliminary Statement.
Business Day: Any day other than (i) a Saturday or a Sunday, or (ii) a day on which banking institutions in the City of New York, New York, the State of California or the city in which the Corporate Trust Office of the Trustee is located are authorized or obligated by law or executive order to be closed.
Certificate: Any one of the Certificates issued by the Trust Fund and executed by the Trustee, in substantially the forms attached as exhibits.
Certificate Account: The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.06(d) with a depository institution in the name of the Servicer for the benefit of the Trustee on behalf of Certificateholders and designated “IndyMac Bank, F.S.B., in trust for the registered holders of Home Equity Mortgage Loan Asset-Backed Certificates, Series INABS 2006-A.”
Certificate Balance: For any Certificate (other than a Class R, Class R-X or a Class C Certificate) at any date, the maximum dollar amount of principal to which the Holder of the Certificate is then entitled, such amount being equal to the Certificate’s Denomination plus any increases in the Certificate Balance of such Certificate pursuant to Section 4.02 due to the receipt of Subsequent Recoveries minus all distributions of principal previously made with respect thereto and, in the case of any Subordinated Certificate, reduced by any Applied Realized Loss Amounts applicable to any such Subordinated Certificates. With respect to the Class C Certificates as of any date of determination, an amount equal to the excess, if any, of (A) the then aggregate Uncertificated Balance of the REMIC II Regular Interests over (B) the then aggregate Certificate Balance of the Class A Certificates, Subordinated Certificates and
Class P Certificates then outstanding. The Class R and Class R-X Certificates have no Certificate Balance.
Certificate Owner: With respect to a Book-Entry Certificate, the Person who is the beneficial owner of the Book-Entry Certificate. For purposes of this Agreement, in order for a Certificate Owner to enforce any of its rights under this Agreement, it shall first have to provide evidence of its beneficial ownership interest in a Certificate that is reasonably satisfactory to the Trustee, the Supplemental Interest Trust Administrator, the Depositor and/or the Servicer, as applicable.
Certificate Register: The register maintained pursuant to Section 5.02.
Certificateholder or Holder: The person in whose name a Certificate is registered in the Certificate Register, except that, solely for the purpose of giving any consent pursuant to this Agreement, any Certificate registered in the name of the Seller, the Depositor or its Affiliate shall not be eligible to vote or be considered Outstanding and the Percentage Interest evidenced thereby shall not be taken into account in determining whether the requisite amount of Percentage Interests necessary to effect a consent has been obtained unless the Seller, the Depositor or its Affiliates own 100% of the Percentage Interests evidenced by a Class of Certificates, in which case the Certificates shall be Outstanding for purposes of any provision of this Agreement requiring the consent of the Holders of Certificates of a particular Class as a condition to the taking of any action. The Trustee, the Supplemental Interest Trust Administrator and the NIM Insurer are entitled to rely conclusively on a certification of the Depositor or any Affiliate of the Depositor in determining which Certificates are registered in the name of an Affiliate of the Depositor.
Class: All Certificates bearing the same class designation, as specified in the Preliminary Statement.
|
Class A Certificates: As specified in the Preliminary Statement. |
Class A Principal Distribution Amount: is the excess of
(A) the aggregate Class Certificate Balance of the Class A Certificates immediately before that Distribution Date; over
(B) the lesser of (x) approximately 56.10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Remittance Period (after giving effect to Principal Prepayments received in the Prepayment Period related to that Distribution Date) and (y) an amount, not less than zero, equal to the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Remittance Period (after giving effect to Principal Prepayments received in the Prepayment Period related to that Distribution Date) minus $2,800,000.
Class Certificate Balance: For any Class as of any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of that date.
Class C Certificates: Any one of the Class C Certificates executed by the Trustee, and authenticated and delivered by the Certificate Registrar, representing the right to distributions as set forth herein and therein and evidencing a regular interest in REMIC IV.
Class C Interest: An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a REMIC Regular Interest in REMIC III.
Class C Distributable Amount: On any Distribution Date, the amount that has accrued on the Class C Certificates but that has not been distributed on the Class C Certificates on prior Distribution Dates.
Class IO Distribution Amount: As defined in Section 4.05 hereof. For purposes of clarity, the Class IO Distribution Amount for any Distribution Date shall equal the amount payable to the Supplemental Interest Trust on such Distribution Date in excess of the amount payable on the Class IO Interest on such Distribution Date, all as further provided in Section 4.05 hereof.
Class IO Interest: An uncertificated interest in the Trust Fund held by the Trustee, evidencing a REMIC Regular Interest in REMIC III for purposes of the REMIC Provisions.
Class M-1 Principal Distribution Amount: For any Distribution Date, the excess of
(i) |
the sum of |
(A) the aggregate Class Certificate Balance of the Class A Certificates (after taking into account distribution of the Class A Principal Distribution Amount on such Distribution Date) and
(B) the Class Certificate Balance of the Class M-1 Certificates immediately before such Distribution Date over
(ii) |
the lesser of |
(A) 63.70% of the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the related Remittance Period and
(B) an amount, not less than zero, equal to the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the related Remittance Period minus $2,800,000;
provided, that if on any Distribution Date, the Class M-1 Certificates are the only Class of Subordinated Certificates outstanding, the Class M-1 Principal Distribution Amount shall equal the lesser of the Class Certificate Balance of such Class immediately prior to such Distribution Date and the Principal Distribution Amount for such Distribution Date.
Class M-2 Principal Distribution Amount: For any Distribution Date, the excess of
(i) |
the sum of |
(A) the aggregate Class Certificate Balance of the Class A Certificates (after taking into account distribution of the Class A Principal Distribution Amount on such Distribution Date),
(B) the Class Certificate Balance of the Class M-1 Certificates (after taking into account distribution of the Class M-1 Principal Distribution Amount on such Distribution Date) and
(C) the Class Certificate Balance of the Class M-2 Certificates immediately before such Distribution Date over
(ii) |
the lesser of |
(A) 70.60% of the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the related Remittance Period and
(B) an amount, not less than zero, equal to the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the related Remittance Period minus $2,800,000;
provided, that if on any Distribution Date, the Class M-2 Certificates are the only Class of Subordinated Certificates outstanding, the Class M-2 Principal Distribution Amount shall equal the lesser of the Class Certificate Balance of such Class immediately prior to such Distribution Date and the Principal Distribution Amount for such Distribution Date.
Class M-3 Principal Distribution Amount: For any Distribution Date, the excess of
(i) |
the sum of |
(A) the aggregate Class Certificate Balance of the Class A Certificates (after taking into account distribution of the Class A Principal Distribution Amount on such Distribution Date),
(B) the Class Certificate Balance of the Class M-1 Certificates (after taking into account distribution of the Class M-1 Principal Distribution Amount on such Distribution Date),
(C) the Class Certificate Balance of the Class M-2 Certificates (after taking into account distribution of the Class M-2 Principal Distribution Amount on such Distribution Date) and
(D) the Class Certificate Balance of the Class M-3 Certificates immediately before such Distribution Date over
(ii) |
the lesser of |
(A) 74.70% of the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the related Remittance Period and
(B) an amount, not less than zero, equal to the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the related Remittance Period minus $2,800,000;
provided, that if on any Distribution Date, the Class M-3 Certificates are the only Class of Subordinated Certificates outstanding, the Class M-3 Principal Distribution Amount shall equal
the lesser of the Class Certificate Balance of such Class immediately prior to such Distribution Date and the Principal Distribution Amount for such Distribution Date.
Class M-4 Principal Distribution Amount: For any Distribution Date, the excess of
(i) |
the sum of |
(A) the aggregate Class Certificate Balance of the Class A Certificates (after taking into account distribution of the Class A Principal Distribution Amount on such Distribution Date),
(B) the Class Certificate Balance of the Class M-1 Certificates (after taking into account distribution of the Class M-1 Principal Distribution Amount on such Distribution Date),
(C) the Class Certificate Balance of the Class M-2 Certificates (after taking into account distribution of the Class M-2 Principal Distribution Amount on such Distribution Date),
(D) the Class Certificate Balance of the Class M-3 Certificates (after taking into account distribution of the Class M-3 Principal Distribution Amount on such Distribution Date) and
(E) the Class Certificate Balance of the Class M-4 Certificates immediately before such Distribution Date over
(ii) |
the lesser of |
(A) 78.20% of the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the related Remittance Period and
(B) an amount, not less than zero, equal to the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the related Remittance Period minus $2,800,000;
provided, that if on any Distribution Date, the Class M-4 Certificates are the only Class of Subordinated Certificates outstanding, the Class M-4 Principal Distribution Amount shall equal the lesser of the Class Certificate Balance of such Class immediately prior to such Distribution Date and the Principal Distribution Amount for such Distribution Date.
Class M-5 Principal Distribution Amount: For any Distribution Date, the excess of
(i) |
the sum of |
(A) the aggregate Class Certificate Balance of the Class A Certificates (after taking into account distribution of the Class A Principal Distribution Amount on such Distribution Date),
(B) the Class Certificate Balance of the Class M-1 Certificates (after taking into account distribution of the Class M-1 Principal Distribution Amount on such Distribution Date),
(C) the Class Certificate Balance of the Class M-2 Certificates (after taking into account distribution of the Class M-2 Principal Distribution Amount on such Distribution Date),
(D) the Class Certificate Balance of the Class M-3 Certificates (after taking into account distribution of the Class M-3 Principal Distribution Amount on such Distribution Date),
(E) the Class Certificate Balance of the Class M-4 Certificates (after taking into account distribution of the Class M-4 Principal Distribution Amount on such Distribution Date) and
(F) the Class Certificate Balance of the Class M-5 Certificates immediately before such Distribution Date over
(ii) |
the lesser of |
(A) 81.70% of the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the related Remittance Period and
(B) an amount, not less than zero, equal to the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the related Remittance Period minus $2,800,000;
provided, that if on any Distribution Date, the Class M-5 Certificates are the only Class of Subordinated Certificates outstanding, the Class M-5 Principal Distribution Amount shall equal the lesser of the Class Certificate Balance of such Class immediately prior to such Distribution Date and the Principal Distribution Amount for such Distribution Date.
Class M-6 Principal Distribution Amount: For any Distribution Date, the excess of
(i) |
the sum of |
(A) the aggregate Class Certificate Balance of the Class A Certificates (after taking into account distribution of the Class A Principal Distribution Amount on such Distribution Date),
(B) the Class Certificate Balance of the Class M-1 Certificates (after taking into account distribution of the Class M-1 Principal Distribution Amount on such Distribution Date),
(C) the Class Certificate Balance of the Class M-2 Certificates (after taking into account distribution of the Class M-2 Principal Distribution Amount on such Distribution Date),
(D) the Class Certificate Balance of the Class M-3 Certificates (after taking into account distribution of the Class M-3 Principal Distribution Amount on such Distribution Date),
(E) the Class Certificate Balance of the Class M-4 Certificates (after taking into account distribution of the Class M-4 Principal Distribution Amount on such Distribution Date),
(F) the Class Certificate Balance of the Class M-5 Certificates (after taking into account distribution of the Class M-5 Principal Distribution Amount on such Distribution Date) and
(G) the Class Certificate Balance of the Class M-6 Certificates immediately before such Distribution Date over
(ii) |
the lesser of |
(A) 84.80% of the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the related Remittance Period and
(B) an amount, not less than zero, equal to the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the related Remittance Period minus $2,800,000;
provided, that if on any Distribution Date, the Class M-6 Certificates are the only Class of Subordinated Certificates outstanding, the Class M-6 Principal Distribution Amount shall equal the lesser of the Class Certificate Balance of such Class immediately prior to such Distribution Date and the Principal Distribution Amount for such Distribution Date.
Class M-7 Principal Distribution Amount: For any Distribution Date, the excess of
(i) |
the sum of |
(A) the aggregate Class Certificate Balance of the Class A Certificates (after taking into account distribution of the Class A Principal Distribution Amount on such Distribution Date),
(B) the Class Certificate Balance of the Class M-1 Certificates (after taking into account distribution of the Class M-1 Principal Distribution Amount on such Distribution Date),
(C) the Class Certificate Balance of the Class M-2 Certificates (after taking into account distribution of the Class M-2 Principal Distribution Amount on such Distribution Date),
(D) the Class Certificate Balance of the Class M-3 Certificates (after taking into account distribution of the Class M-3 Principal Distribution Amount on such Distribution Date),
(E) the Class Certificate Balance of the Class M-4 Certificates (after taking into account distribution of the Class M-4 Principal Distribution Amount on such Distribution Date),
(F) the Class Certificate Balance of the Class M-5 Certificates (after taking into account distribution of the Class M-5 Principal Distribution Amount on such Distribution Date),
(G) the Class Certificate Balance of the Class M-6 Certificates (after taking into account distribution of the Class M-6 Principal Distribution Amount on such Distribution Date) and
(H) the Class Certificate Balance of the Class M-7 Certificates immediately before such Distribution Date over
(ii) |
the lesser of |
(A) 87.80% of the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the related Remittance Period and
(B) an amount, not less than zero, equal to the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the related Remittance Period minus $2,800,000;
provided, that if on any Distribution Date, the Class M-7 Certificates are the only Class of Subordinated Certificates outstanding, the Class M-7 Principal Distribution Amount shall equal the lesser of the Class Certificate Balance of such Class immediately prior to such Distribution Date and the Principal Distribution Amount for such Distribution Date.
Class M-8 Principal Distribution Amount: For any Distribution Date, the excess of
(i) |
the sum of |
(A) the aggregate Class Certificate Balance of the Class A Certificates (after taking into account distribution of the Class A Principal Distribution Amount on such Distribution Date),
(B) the Class Certificate Balance of the Class M-1 Certificates (after taking into account distribution of the Class M-1 Principal Distribution Amount on such Distribution Date),
(C) the Class Certificate Balance of the Class M-2 Certificates (after taking into account distribution of the Class M-2 Principal Distribution Amount on such Distribution Date),
(D) the Class Certificate Balance of the Class M-3 Certificates (after taking into account distribution of the Class M-3 Principal Distribution Amount on such Distribution Date),
(E) the Class Certificate Balance of the Class M-4 Certificates (after taking into account distribution of the Class M-4 Principal Distribution Amount on such Distribution Date),
(F) the Class Certificate Balance of the Class M-5 Certificates (after taking into account distribution of the Class M-5 Principal Distribution Amount on such Distribution Date),
(G) the Class Certificate Balance of the Class M-6 Certificates (after taking into account distribution of the Class M-6 Principal Distribution Amount on such Distribution Date),
(H) the Class Certificate Balance of the Class M-7 Certificates (after taking into account distribution of the Class M-7 Principal Distribution Amount on such Distribution Date) and
(I) the Class Certificate Balance of the Class M-8 Certificates immediately before such Distribution Date over
(ii) |
the lesser of |
(A) 90.50% of the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the related Remittance Period and
(B) an amount, not less than zero, equal to the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the related Remittance Period minus $2,800,000;
provided, that if on any Distribution Date, the Class M-8 Certificates are the only Class of Subordinated Certificates outstanding, the Class M-8 Principal Distribution Amount shall equal the lesser of the Class Certificate Balance of such Class immediately prior to such Distribution Date and the Principal Distribution Amount for such Distribution Date.
Class M-9 Principal Distribution Amount: For any Distribution Date, the excess of
(i) |
the sum of |
(A) the aggregate Class Certificate Balance of the Class A Certificates (after taking into account distribution of the Class A Principal Distribution Amount on such Distribution Date),
(B) the Class Certificate Balance of the Class M-1 Certificates (after taking into account distribution of the Class M-1 Principal Distribution Amount on such Distribution Date),
(C) the Class Certificate Balance of the Class M-2 Certificates (after taking into account distribution of the Class M-2 Principal Distribution Amount on such Distribution Date),
(D) the Class Certificate Balance of the Class M-3 Certificates (after taking into account distribution of the Class M-3 Principal Distribution Amount on such Distribution Date),
(E) the Class Certificate Balance of the Class M-4 Certificates (after taking into account distribution of the Class M-4 Principal Distribution Amount on such Distribution Date),
(F) the Class Certificate Balance of the Class M-5 Certificates (after taking into account distribution of the Class M-5 Principal Distribution Amount on such Distribution Date),
(G) the Class Certificate Balance of the Class M-6 Certificates (after taking into account distribution of the Class M-6 Principal Distribution Amount on such Distribution Date),
(H) the Class Certificate Balance of the Class M-7 Certificates (after taking into account distribution of the Class M-7 Principal Distribution Amount on such Distribution Date),
(I) the Class Certificate Balance of the Class M-8 Certificates (after taking into account distribution of the Class M-8 Principal Distribution Amount on such Distribution Date) and
(J) the Class Certificate Balance of the Class M-9 Certificates immediately before such Distribution Date over
(ii) |
the lesser of |
(A) 92.50% of the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the related Remittance Period and
(B) an amount, not less than zero, equal to the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the related Remittance Period minus $2,800,000;
provided, that if on any Distribution Date, the Class M-9 Certificates are the only Class of Subordinated Certificates outstanding, the Class M-9 Principal Distribution Amount shall equal the lesser of the Class Certificate Balance of such Class immediately prior to such Distribution Date and the Principal Distribution Amount for such Distribution Date.
Class M-10 Principal Distribution Amount: For any Distribution Date, the excess of
(i) |
the sum of |
(A) the aggregate Class Certificate Balance of the Class A Certificates (after taking into account distribution of the Class A Principal Distribution Amount on such Distribution Date),
(B) the Class Certificate Balance of the Class M-1 Certificates (after taking into account distribution of the Class M-1 Principal Distribution Amount on such Distribution Date),
(C) the Class Certificate Balance of the Class M-2 Certificates (after taking into account distribution of the Class M-2 Principal Distribution Amount on such Distribution Date),
(D) the Class Certificate Balance of the Class M-3 Certificates (after taking into account distribution of the Class M-3 Principal Distribution Amount on such Distribution Date),
(E) the Class Certificate Balance of the Class M-4 Certificates (after taking into account distribution of the Class M-4 Principal Distribution Amount on such Distribution Date),
(F) the Class Certificate Balance of the Class M-5 Certificates (after taking into account distribution of the Class M-5 Principal Distribution Amount on such Distribution Date),
(G) the Class Certificate Balance of the Class M-6 Certificates (after taking into account distribution of the Class M-6 Principal Distribution Amount on such Distribution Date),
(H) the Class Certificate Balance of the Class M-7 Certificates (after taking into account distribution of the Class M-7 Principal Distribution Amount on such Distribution Date),
(I) the Class Certificate Balance of the Class M-8 Certificates (after taking into account distribution of the Class M-8 Principal Distribution Amount on such Distribution Date),
(J) the Class Certificate Balance of the Class M-9 Certificates (after taking into account distribution of the Class M-9 Principal Distribution Amount on such Distribution Date) and
(K) the Class Certificate Balance of the Class M-10 Certificates immediately before such Distribution Date over
(ii) |
the lesser of |
(A) 94.80% of the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the related Remittance Period and
(B) an amount, not less than zero, equal to the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the related Remittance Period minus $2,800,000;
provided, that if on any Distribution Date, the Class M-10 Certificates are the only Class of Subordinated Certificates outstanding, the Class M-10 Principal Distribution Amount shall equal the lesser of the Class Certificate Balance of such Class immediately prior to such Distribution Date and the Principal Distribution Amount for such Distribution Date.
Class P Certificate: Any one of the Class P Certificates executed by the Trustee, and authenticated and delivered by the Certificate Registrar, representing the right to distributions as set forth herein and therein and evidencing a Regular Interest in REMIC V.
Class P Interest: An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.
Class R Certificate: A certificate representing the beneficial ownership of the Class R-I Interest, Class R-II Interest and Class R-III Interest.
Class R-I Interest: The uncertificated residual interest in REMIC I.
Class R-II Interest: The uncertificated residual interest in REMIC II.
Class R-III Interest: The uncertificated residual interest in REMIC III.
Class R-IV Interest: The uncertificated residual interest in REMIC IV.
Class R-V Interest: The uncertificated Residual Interest in REMIC V.
Class R-VI Interest: The uncertificated Residual Interest in REMIC VI.
Class R-X Certificate: The Class R-X Certificate executed by the Trustee, and authenticated and delivered by the Certificate Registrar, evidencing the ownership of the Class R-IV Interest, the Class R-V Interest and the Class R-VI Interest.
Closing Date: February 9, 2006.
Code: The United States Internal Revenue Code of 1986, including any successor or amendatory provisions.
Collateral Value: For any Mortgage Loan, the Collateral Value of the related Mortgaged Property shall be, other than for Refinance Loans, the lesser of (i) the appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan and (ii) the sales price for the related Mortgaged Property. In the case of a Refinance Loan, the Collateral Value of the related Mortgaged Property is its appraised value determined in an appraisal obtained at the time of refinancing.
Collection Account: The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.06(c) with a depository institution in the name of the Servicer for the benefit of the Trustee on behalf of the Certificateholders and designated “IndyMac Bank, F.S.B., in trust for the registered holders of Home Equity Mortgage Loan Asset-Backed Certificates, Series INABS 2006-A.”
Combined Loan-to-Value Ratio: As of any date and Mortgage Loan, the fraction, expressed as a percentage, the numerator of which is the Principal Balance of the Mortgage Loan plus the principal balance of any related senior mortgage loan (when applicable for second lien loans), and the denominator of which is the Value of the related Mortgaged Property.
Commission: The United States Securities and Exchange Commission.
Compensating Interest: For any Distribution Date, the lesser of (i) any Prepayment Interest Shortfalls and (ii) 0.125% multiplied by one-twelfth multiplied by the aggregate Stated Principal Balance of the Mortgage Loans as of the first day of the prior month.
Corporate Trust Office: The designated office of the Trustee and the Supplemental Interest Trust Administrator in the State of California at which at any particular time its corporate trust business with respect to this Agreement is administered, which office at the date of the execution of this Agreement is located at 0000 Xxxx Xx. Xxxxxx Xxxxx, Xxxxx Xxx, Xxxxxxxxxx 00000, Attn: Corporate Trust Administration IN06S1 (IndyMac ABS, Inc., Home Equity Mortgage Loan Asset-Backed Trust, Series INABS 2006-A), facsimile no. (000) 000-0000 and which is the address to which notices to and correspondence with the Trustee or the Supplemental Interest Trust Administrator should be directed.
Corresponding Certificate: With respect to each REMIC II Regular Interest, as follows:
REMIC II Regular Interest |
Class |
REMIC II Regular Interest LTA1 |
A-1 |
REMIC II Regular Interest LTA2 |
A-2 |
REMIC II Regular Interest LTA3 |
A-3 |
REMIC II Regular Interest LTA4 |
A-4 |
REMIC II Regular Interest LTM1 |
M-1 |
REMIC II Regular Interest LTM2 |
M-2 |
REMIC II Regular Interest LTM3 |
M-3 |
REMIC II Regular Interest LTM4 |
M-4 |
REMIC II Regular Interest LTM5 |
M-5 |
REMIC II Regular Interest LTM6 |
M-6 |
REMIC II Regular Interest LTM7 |
M-7 |
REMIC II Regular Interest LTM8 |
M-8 |
REMIC II Regular Interest LTM9 |
M-9 |
REMIC II Regular Interest LTM10 |
M-10 |
REMIC II Regular Interest LTP |
P |
Credit Enhancement Percentage: For any Distribution Date and any Class of Class A or Subordinated Certificates, the percentage obtained by dividing (x) the sum of (i) the aggregate Class Certificate Balances of all Classes of Certificates subordinated to such Class and (ii) the Overcollateralization Amount (in each case taking into account the distributions of the Principal Distribution Amount for such Distribution Date) by (y) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Remittance Period (after giving effect to scheduled payments of principal due during the Remittance Period, to the extent received or advanced, and Principal Prepayments received in the Prepayment Period related to such Distribution Date).
Cumulative Net Loss Trigger Event: With respect to any Distribution Date on or after the Stepdown Date, the percentage obtained by dividing (x) the aggregate amount of Realized Losses incurred from the Cut-off Date through the last day of the related Remittance Period (reduced by the aggregate amount of Subsequent Recoveries received through the last day of that Remittance Period) by (y) the aggregate Cut-off Date Principal Balance of the Mortgage Loans exceeds (a) 1.50% of the aggregate Stated Principal Balance of the Mortgage Loans with respect to the Distribution Date in January 2008, plus an additional 1/12th of 1.90% of the
aggregate Stated Principal Balance of the Mortgage Loans for each Distribution Date occurring in each month thereafter to and including the Distribution Date in January 2009, (b) 3.40% of the aggregate Stated Principal Balance of the Mortgage Loans with respect to the Distribution Date occurring in February 2009, plus an additional 1/12th of 1.90% of the aggregate Stated Principal Balance of the Mortgage Loans for each Distribution Date occurring in each month thereafter to and including the Distribution Date in January 2010, (c) 5.30% of the aggregate Stated Principal Balance of the Mortgage Loans with respect to the Distribution Date occurring in February 2010, plus an additional 1/12th of 1.50% of the aggregate Stated Principal Balance of the Mortgage Loans for each Distribution Date occurring in each month thereafter to and including the Distribution Date in January 2011, (d) 6.80% of the aggregate Stated Principal Balance of the Mortgage Loans with respect to the Distribution Date occurring in February 2011, plus an additional 1/12th of 0.10% of the aggregate Stated Principal Balance of the Mortgage Loans for each Distribution Date occurring in each month thereafter to and including the Distribution Date in January 2012 and (e) 6.90% of the aggregate Stated Principal Balance of the Mortgage Loans with respect to the Distribution Date occurring in February 2012 and each month thereafter.
Cut-off Date: January 1, 2006.
Cut-off Date Principal Balance: As to any Mortgage Loan, its Stated Principal Balance as of the close of business on the Cut-off Date.
Debt Service Reduction: For any Mortgage Loan, a reduction by a court of competent jurisdiction, in a proceeding under the Bankruptcy Code, in the Scheduled Payment for the Mortgage Loan that became final and non-appealable, but not including a reduction (i) resulting from a Deficient Valuation or (ii) that results in a permanent forgiveness of principal.
Defaulting Party: As defined in the Swap Agreement.
Deficient Valuation: For any Mortgage Loan, a valuation by a court of competent jurisdiction of the related Mortgaged Property in an amount less than the then outstanding indebtedness under such Mortgage Loan, or any reduction in the amount of principal to be paid in connection with any Scheduled Payment, that results in a permanent forgiveness of principal, which valuation or reduction results from an order of the court that is final and non-appealable in a proceeding under the Bankruptcy Code.
Definitive Certificates: As specified in the Preliminary Statement..
Delayed Delivery Certification: A certification substantially in the form of Exhibit G-2.
Delayed Delivery Mortgage Loans: The Mortgage Loans identified on the Mortgage Loan Schedule, for which neither a related Mortgage File nor the Mortgage Note (or lost note affidavit for a lost Mortgage Note) has been delivered to the Trustee by the Closing Date. The Depositor shall deliver the Mortgage Files to the Trustee:
|
(A) |
for at least 70% of the Mortgage Loans, not later than the Closing Date; and |
(B) for the remaining 30% of the Mortgage Loans, not later than five (5) Business Days following the Closing Date.
To the extent that the Seller is in possession of any Mortgage File for any Delayed Delivery Mortgage Loan, until delivery of the Mortgage File to the Trustee as provided in Section 2.01, the Seller shall hold the files as Servicer, as agent and in trust for the Trustee.
Deleted Mortgage Loan: As defined in Section 2.03(c).
Denomination: For each Certificate, the amount appearing on the face of the Certificate as the “Initial Certificate Balance of this Certificate” or the Percentage Interest appearing on the face of the Certificate.
Depositor: IndyMac ABS, Inc., a Delaware corporation, or its successor in interest.
Depository: The initial Depository shall be The Depository Trust Company, the nominee of which is Cede & Co., as the registered Holder of the Book-Entry Certificates. The Depository shall at all times be a “clearing corporation” as defined in Section 8-102(a)(5) of the Uniform Commercial Code of the State of New York.
Depository Participant: A broker, dealer, bank, or other financial institution or other Person for whom from time to time a Depository effects book-entry transfers and pledges of securities deposited with the Depository.
Determination Date: As to any Distribution Date, the 18th day of each month or, if that day is not a Business Day, the next Business Day, except that if the next Business Day is less than two (2) Business Days before the related Distribution Date, then the Determination Date shall be the Business Day preceding the 18th day of the month.
Distribution Account: The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(f) in the name of the Trustee for the benefit of the Certificateholders and designated “Deutsche Bank National Trust Company in trust for registered holders of IndyMac Home Equity Mortgage Loan Asset-Backed Certificates, Series INABS 2006-A.” Funds in the Distribution Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.
Distribution Account Deposit Date: As to any Distribution Date, 12:30 p.m. (Pacific time) on the Business Day preceding the Distribution Date.
Distribution Date: The 25th day of each calendar month after the initial issuance of the Certificates, or if that day is not a Business Day, the next Business Day, commencing in February 2006.
Due Date: For any Mortgage Loan and Distribution Date, the first day of the month in which the Distribution Date occurs.
Eligible Account: Any of
(i) an account maintained with a federal or state chartered depository institution or trust company, the short-term unsecured debt obligations of which (or, in the case of a depository institution or trust company that is the principal subsidiary of a holding company, the debt obligations of the holding company, but only if Xxxxx’x is not a Rating Agency) have the highest short-term ratings of each Rating Agency at the time any amounts are held on deposit therein, or
|
(ii) |
[reserved], or |
(iii) a trust account or accounts maintained with the trust department of a federal or state chartered depository institution or trust company, acting in its fiduciary capacity, or
(iv) any other account acceptable to each Rating Agency without reduction or withdrawal of their then current ratings of the Certificates or any NIM Insurer-guaranteed NIM Notes, as evidenced by a letter from each Rating Agency to the Trustee and the NIM Insurer.
Eligible Accounts may bear interest, and may include, if otherwise qualified under this definition, accounts maintained with the Trustee.
ERISA: The Employee Retirement Income Security Act of 1974, as amended.
ERISA-Qualifying Underwriting: A best efforts or firm commitment underwriting or private placement that meets the requirements of an Underwriter’s Exemption.
ERISA-Restricted Certificate: As specified in the Preliminary Statement.
Escrow Account: The Eligible Account or Accounts established and maintained pursuant to Section 3.07(a).
Event of Default: As defined in Section 7.01.
Excess Overcollateralization Amount: For any Distribution Date, the excess of (a) the Overcollateralization Amount on such Distribution Date over (b) the Overcollateralization Target Amount for such Distribution Date.
Excess Proceeds: For any Liquidated Mortgage Loan, the excess of
(a) all Liquidation Proceeds from the Mortgage Loan received in the calendar month in which the Mortgage Loan became a Liquidated Mortgage Loan, net of any amounts previously reimbursed to the Servicer as Nonrecoverable Advances with respect to the Mortgage Loan pursuant to Section 3.09(a)(ii), over
(b) the sum of (i) the unpaid principal balance of the Liquidated Mortgage Loan as of the Due Date in the month in which the Mortgage Loan became a Liquidated Mortgage Loan plus (ii) accrued interest at the Mortgage Rate from the Due Date for which interest was last paid or advanced (and not reimbursed) to Certificateholders up to the Due Date applicable to the Distribution Date following the calendar month during which the liquidation occurred.
Excess Reserve Fund Account: The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(d) in the name of the Trustee for the benefit of the Certificateholders and designated “Deutsche Bank National Trust Company in trust for registered holders of IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series INABS 2006-A.” Funds in the Excess Reserve Fund Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement. The Excess Reserve Fund Account will not be an asset of any REMIC.
Exchange Act: The Securities Exchange Act of 1934, as amended.
Expense Adjusted Net Mortgage Rate: For any Distribution Date and a Mortgage Loan, the per annum rate equal to the Mortgage Rate of that Mortgage Loan as of the first day of the month preceding the month in which that Distribution Date occurs minus the Expense Fee Rate.
Expense Adjusted Net Maximum Mortgage Rate: For any Distribution Date and a Mortgage Loan, the per annum rate equal to the weighted average of the Maximum Mortgage Rate of that Mortgage Loan as of the first day of the month preceding the month in which that Distribution Date occurs minus the Expense Fee Rate.
Expense Fees: As to each Mortgage Loan, the sum of the Servicing Fee and Trustee Fee.
Expense Fee Rate: As to each Mortgage Loan, the sum of the Servicing Fee Rate and the Trustee Fee Rate.
Extra Principal Distribution Amount: As of any Distribution Date, the lesser of (x) the Total Monthly Excess Spread for that Distribution Date and (y) the Overcollateralization Deficiency for that Distribution Date.
FDIC: The Federal Deposit Insurance Corporation, or any successor thereto.
FHLMC: The Federal Home Loan Mortgage Corporation, a corporate instrumentality of the United States created and existing under Title III of the Emergency Home Finance Act of 1970, as amended, or any successor thereto.
Fitch: Fitch, Inc., or any successor thereto. If Fitch is designated as a Rating Agency in the Preliminary Statement, for purposes of Section 10.05(b) the address for notices to Fitch shall be Fitch, Inc., Xxx Xxxxx Xxxxxx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: MBS Monitoring – IndyMac INABS 2006-A, or any other address Fitch furnishes to the Depositor and the Servicer.
FNMA: The Federal National Mortgage Association, a federally chartered and privately owned corporation organized and existing under the Federal National Mortgage Association Charter Act, or any successor thereto.
Indenture: The indenture, or document of similar import, if any, pursuant to which any NIM Notes are issued.
Index: As to each adjustable-rate Mortgage Loan, the index from time to time in effect for the adjustment of the Mortgage Rate set forth as such on the related Mortgage Note.
Indirect Participant: A broker, dealer, bank, or other financial institution or other Person that clears through or maintains a custodial relationship with a Depository Participant.
Insurance Policy: For any Mortgage Loan included in the Trust Fund, any insurance policy, including all its riders and endorsements in effect, including any replacement policy or policies for any Insurance Policies.
Insurance Proceeds: Proceeds paid by an insurer pursuant to any Insurance Policy, in each case other than any amount included in such Insurance Proceeds in respect of Insured Expenses or released to the Mortgagor.
Insured Expenses: Expenses covered by an Insurance Policy or any other insurance policy with respect to the Mortgage Loans.
Interest Accrual Period: With respect to the Class C Certificates and each Distribution Date, the calendar month prior to the month of such Distribution Date. With respect to the Class A Certificates and the Subordinated Certificates and each Distribution Date, the period commencing on the preceding Distribution Date (or in the case of the first such Interest Accrual Period, commencing on the Closing Date) and ending on the day preceding such Distribution Date.
Interest Remittance Amount: For any Distribution Date, the excess of (x) the sum of the portions of clauses (i) through (iv) of the definition of Available Funds for such Distribution Date that represent payments of interest, over (y) the sum of the amounts included in clauses (v) (to the extent related to interest) and (vi) of the definition of Available Funds for such Distribution Date.
Lender PMI Loan: Any Mortgage Loan with respect to which the related lender rather than the related borrower acquired primary mortgage guaranty insurance and charged the related borrower an interest premium.
LIBOR: For any Interest Accrual Period for the LIBOR Certificates, the rate determined by the Trustee on the related LIBOR Determination Date on the basis of the offered rate for one-month U.S. dollar deposits that appears on Telerate Page 3750 as of 11:00 a.m. (London time) on that date. If the rate does not appear on Telerate Page 3750, the rate for that date will be determined on the basis of the rates at which one-month U.S. dollar deposits are offered by the Reference Banks at approximately 11:00 a.m. (London time) on that date to prime banks in the London interbank market. In that case, the Trustee will request the principal London office of each of the Reference Banks to provide a quotation of its rate. If at least two quotations are so provided, the rate for that date will be the arithmetic mean of the quotations (rounded upwards if necessary to the nearest whole multiple of 1/16%). If fewer than two quotations are provided as requested, the rate for that date will be the arithmetic mean of the rates quoted by major banks in New York City, selected by the Servicer, at approximately 11:00 a.m. (New York City time) on that date for one-month U.S. dollar loans to leading European banks.
LIBOR Certificates: As specified in the Preliminary Statement.
LIBOR Determination Date: For any Interest Accrual Period for the LIBOR Certificates, the second London Business Day preceding the commencement of the Interest Accrual Period.
Liquidated Mortgage Loan: For any Distribution Date, a defaulted Mortgage Loan (including any REO Property) that was liquidated in the calendar month preceding the month of the Distribution Date and as to which the Servicer has certified (in accordance with this Agreement) that it has received all amounts it expects to receive in connection with the liquidation of the Mortgage Loan, including the final disposition of an REO Property.
Liquidation Proceeds: Amounts, including Insurance Proceeds regardless of when received, received in connection with the partial or complete liquidation of defaulted Mortgage Loans, whether through trustee’s sale, foreclosure sale, or otherwise or amounts received in connection with any condemnation or partial release of a Mortgaged Property, and any other proceeds received in connection with an REO Property, less the sum of related unreimbursed Servicing Fees, Servicing Advances and Advances.
Loan-to-Value Ratio: For any Mortgage Loan and as of any date of determination, the fraction whose numerator is the principal balance of the related Mortgage Loan at that date of determination and whose denominator is the Collateral Value of the related Mortgaged Property.
London Business Day: Any day on which dealings in deposits of United States dollars are transacted in the London interbank market.
Lost Mortgage Note: Any Mortgage Note the original of which was permanently lost or destroyed and has not been replaced.
Majority in Interest: As to any Class of Regular Certificates, the Holders of Certificates of such Class evidencing, in the aggregate, at least 51% of the Percentage Interests evidenced by all Certificates of such Class.
Margin: As to each adjustable-rate Mortgage Loan, the percentage amount on the related Mortgage Note added to the Index in calculating its Mortgage Rate.
Marker Rate: With respect to the Class C Interest and any Distribution Date, a per annum rate equal to two (2) times the weighted average of the REMIC II Remittance Rates for each REMIC II Regular Interest (other than REMIC II Regular Interest LTAA, LTIO and LTP) subject to a cap (for each such REMIC II Regular Interest other than REMIC II Regular Interest LTZZ) equal to the Pass-Through Rate for the Corresponding Certificate for the purpose of this calculation; with the rate on REMIC II Regular Interest LTZZ subject to a cap of zero for the purpose of this calculation; provided, however, that solely for this purpose, calculations of the REMIC II Remittance Rate and the related caps with respect to each such REMIC II Regular Interest, other than REMIC II Regular Interest LTZZ, shall be multiplied by a fraction, the numerator of which is the actual number of days in the Interest Accrual Period and the denominator of which is 30.
Maximum LTZZ Uncertificated Interest Deferral Amount: With respect to any Distribution Date, the excess of (i) accrued interest at the REMIC II Remittance Rate applicable to REMIC II Regular Interest LTZZ for such Distribution Date on a balance equal to the Uncertificated Balance of REMIC II Regular Interest LTZZ minus the REMIC II Overcollateralization Amount, in each case for such Distribution Date, over (ii) Uncertificated Interest on REMIC II Regular Interest LTA1, REMIC II Regular Interest LTA2, REMIC II Regular Interest LTA3, REMIC II Regular Interest LTA4, REMIC II Regular Interest LTM1, REMIC II Regular Interest LTM2, REMIC II Regular Interest LTM3, REMIC II Regular Interest LTM4, REMIC II Regular Interest LTM5, REMIC II Regular Interest LTM6, REMIC II Regular Interest LTM7, REMIC II Regular Interest LTM8, REMIC II Regular Interest LTM9 and REMIC II Regular Interest LTM10 for such Distribution Date, with the rate on each such REMIC II Regular Interest subject to a cap equal to the lesser of (i) LIBOR plus the related Pass-Through Margin and (ii) the related Net WAC Cap; provided, however, that solely for this purpose, calculations of the REMIC II Remittance Rate and the related caps with respect to
REMIC II Regular Interest LTA1, REMIC II Regular Interest LTA2, REMIC II Regular Interest LTA3, REMIC II Regular Interest LTA4, REMIC II Regular Interest LTM1, REMIC II Regular Interest LTM2, REMIC II Regular Interest LTM3, REMIC II Regular Interest LTM4, REMIC II Regular Interest LTM5, REMIC II Regular Interest LTM6, REMIC II Regular Interest LTM7, REMIC II Regular Interest LTM8, REMIC II Regular Interest LTM9 and REMIC II Regular Interest LTM10 shall be multiplied by a fraction, the numerator of which is the actual number of days in the Interest Accrual Period and the denominator of which is 30.
Maximum Cap: As of any Distribution Date, the per annum rate (subject to adjustment based on the actual number of days elapsed in the related Interest Accrual Period) equal to the sum of (x) the weighted average of the Expense Adjusted Net Maximum Mortgage Rates of the Mortgage Loans and (y) the percentage equivalent of a fraction, the numerator of which is any Net Swap Payment or Swap Termination Payment (other than any Swap Termination Payment resulting from a Swap Provider Trigger Event) made by the Swap Provider, if any, multiplied by 12 and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans.
Maximum Mortgage Rate: As to each adjustable-rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the lifetime maximum mortgage rate to which such Mortgage Rate may be adjusted. As to each fixed-rate Mortgage Loan, the related Mortgage Rate.
MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.
MERS Mortgage Loan: Any Mortgage Loan registered with MERS on the MERS® System.
MERS® System: The system of recording transfers of mortgages electronically that is maintained by MERS.
MIN: The mortgage identification number for any MERS Mortgage Loan.
MOM Loan: Any Mortgage Loan as to which MERS is acting as mortgagee, solely as nominee for the originator of such Mortgage Loan and its successors and assigns.
Monthly Statement: The statement prepared by the Trustee pursuant to Section 4.03.
Moody’s: Xxxxx’x Investors Service, Inc., or its successors in interest. If Xxxxx’x is designated as a Rating Agency in the Preliminary Statement, for purposes of Section 10.05(b) the address for notices to Moody’s shall be Xxxxx’x Investors Service, Inc., 00 Xxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: Residential Loan Monitoring Group, or any other address that Moody’s furnishes to the Depositor and the Servicer.
Mortgage: The mortgage, deed of trust, or other instrument creating a first or second lien on an estate in fee simple or leasehold interest in real property securing a Mortgage Note.
Mortgage File: The mortgage documents listed in Section 2.01 pertaining to a particular Mortgage Loan and any additional documents delivered to the Trustee to be added to the Mortgage File pursuant to this Agreement.
Mortgage Loans: Such of the mortgage loans transferred and assigned to the Trustee pursuant to this Agreement, as from time to time are held as a part of the Trust Fund (including any REO Property), the Mortgage Loans so held being identified on the Mortgage Loan Schedule, notwithstanding foreclosure or other acquisition of title of the related Mortgaged Property.
Mortgage Loan Schedule: As of any date, the list of Mortgage Loans in Schedule I included in the Trust Fund on such date. The Mortgage Loan Schedule shall be prepared by the Seller and shall contain the following information with respect to each Mortgage Loan and in the aggregate:
(i) |
the loan number; |
(ii) |
the Mortgagor’s name and the street address of the Mortgaged |
(iii) |
the maturity date; |
(iv) |
the original principal balance; |
(v) |
the Cut-off Date Principal Balance; |
(vi) |
the first payment date of the Mortgage Loan; |
(vii) |
the Scheduled Payment in effect as of the Cut-off Date; |
(viii) |
the Loan-to-Value Ratio at origination; |
(ix) |
a code indicating whether the residential dwelling at the time of origination was represented to be owner-occupied; |
(x) |
a code indicating whether the residential dwelling is either (a) a detached single family dwelling, (b) a townhouse, (c) a dwelling in a PUD, (d) a condominium unit or (e) a two- to four-unit residential property; |
(xi) |
the Mortgage Rate in effect immediately following: (a) the applicable date of origination and (b) the Cut-off Date; |
(xii) |
the purpose for the Mortgage Loan; |
(xiii) |
the type of documentation program pursuant to which the Mortgage Loan was originated; |
(xiv) |
with respect to the adjustable-rate Mortgage Loans: |
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(a) the Maximum Mortgage Rate; |
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(b) the Periodic Rate Cap; |
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(c) the Adjustment Date; |
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(d) the Margin; and |
|
(e) the Index; |
(xv) |
a code indicating whether the Mortgage Loan is a Performance Loan; |
(xvi) |
a code indicating whether the Mortgage Loan is a borrower-paid mortgage insurance loan; |
(xvii) |
[reserved]; |
(xviii) |
a code indicating whether the Mortgage Loan is a Lender PMI Loan; |
(xix) |
the coverage amount of any mortgage insurance; |
(xx) |
with respect to the Lender PMI Loans, the related interest premium; |
(xxi) |
a code indicating whether the Mortgage Loan is a Delayed Delivery Mortgage Loan; |
(xxii) |
a code indicating whether the Mortgage Loan is a MERS Mortgage Loan; |
(xxiii) (xxiv) |
A code indicating the term, if any, of a Prepayment Charge; and if the Mortgage Loan is secured by a second-lien on the related mortgaged property, the Combined Loan-to-Value Ratio at origination. |
The schedule shall also state the total of the amounts described under (v) above for all of the Mortgage Loans.
Mortgage Note: The original executed note or other evidence of the indebtedness of a Mortgagor under a Mortgage Loan.
Mortgage Rate: The annual rate of interest borne by a Mortgage Note from time to time minus any interest premium if the applicable Mortgage Note relates to a Lender PMI Loan, if any.
Mortgaged Property: The underlying property securing a Mortgage Loan.
Mortgagor: The obligors on a Mortgage Note.
Net Prepayment Interest Shortfall: For any Distribution Date, the excess of the Prepayment Interest Shortfalls for such Distribution Date over the Compensating Interest for such Distribution Dates.
Net Swap Payment: With respect to each Distribution Date, the net payment required to be made pursuant to the terms of the Swap Agreement by either the Swap Provider or the
Supplemental Interest Trust, which net payment shall not take into account any Swap Termination Payment.
Net WAC Cap: For each Class of Certificates and any Distribution Date, the per annum rate (subject to adjustment based on the actual number of days elapsed in the related Interest Accrual Period) equal to (x) the weighted average of the Expense Adjusted Net Mortgage Rates of the Mortgage Loans minus (y) the percentage equivalent of a fraction, the numerator of which is any Net Swap Payment or Swap Termination Payment (only if such Swap Termination Payment was not due to a Swap Provider Trigger Event) deposited in the Supplemental Interest Trust for payment to the Swap Provider, if any, multiplied by 12 and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans.
For federal income tax purposes, the equivalent of the foregoing shall be expressed as the weighted average (subject to adjustment based on the actual number of days elapsed in the related Interest Accrual Period) of the REMIC II Remittance Rates on the REMIC II Regular Interests (other than REMIC II Regular Interest LTIO), weighted on the basis of the Uncertificated Balance of such REMIC II Regular Interest.
Net WAC Cap Carry Forward Amount: For any Class of Certificates and any Distribution Date, an amount equal to the aggregate amount of Net WAC Shortfall for such Class on that Distribution Date (to the extent not covered by payments from the Excess Reserve Fund Account or the Supplemental Interest Trust) plus any unpaid Net WAC Cap Carry Forward Amount for such Class from prior Distribution Dates (and interest accrued thereon at the then applicable Pass-Through Rate on that Class of Certificates, without giving effect to the applicable Net WAC Cap).
Net WAC Shortfall: For any Class of Class A and Subordinated Certificates and any Distribution Date on which the Pass-Through Rate for that Class is the related Net WAC Cap, an amount equal to excess of (x) the amount of interest such Class of Certificates would have accrued for such Distribution Date had such Pass-Through Rate not been limited by the related Net WAC Cap over (y) the amount of interest such Class of Certificates accrued for such Distribution Date at the related Net WAC Cap.
NIM Insurer: Any insurer guarantying at the request of the Seller certain payments under the NIM Notes.
NIM Notes: Net interest margin securities, if any, which are secured by the cash flow on the Class C and/or Class P Certificates.
Nonrecoverable Advance: Any portion of an Advance previously made or proposed to be made by the Servicer, that, in the good faith judgment of the Servicer, will not be ultimately recoverable by the Servicer from the related Mortgagor or related Liquidation Proceeds or otherwise from collections related to the Mortgage Loan.
Notice of Final Distribution: The notice to be provided pursuant to Section 9.02, to the effect that final distribution on any of the Certificates shall be made only on its presentation and surrender.
Notional Amount: With respect to the Class C Interest and any Distribution Date, the aggregate Uncertificated Balance of the REMIC II Regular Interests (other than REMIC II Regular Interest LTP) immediately prior to Distribution Date.
Offered Certificates: As specified in the Preliminary Statement.
Officer’s Certificate: A certificate (i) signed by the Chairman of the Board, the Vice Chairman of the Board, the President, a Managing Director, a Vice President (however denominated), an Assistant Vice President, the Treasurer, the Secretary, or one of the Assistant Treasurers or Assistant Secretaries of the Depositor or the Servicer, or (ii) if provided for in this Agreement, signed by a Servicing Officer, as the case may be, and delivered to the Depositor and the Trustee as required by this Agreement.
Opinion of Counsel: For the interpretation or application of the REMIC Provisions, counsel must (i) in fact be independent of the Depositor and the Servicer, (ii) not have any direct financial interest in the Depositor or the Servicer or in any affiliate of either, and (iii) not be connected with the Depositor or the Servicer as an officer, employee, promoter, underwriter, trustee, partner, director, or person performing similar functions. Otherwise, Opinion of Counsel is a written opinion of counsel, who may be counsel for the Depositor or the Servicer, including in-house counsel, reasonably acceptable to the Trustee.
Optional Termination: The termination of the Trust Fund created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 9.01(a).
Optional Termination Date: The Distribution Date following the last day of the related Remittance Period on which the aggregate Stated Principal Balance of the Mortgage Loans and any REO Property declines to less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
OTS: The Office of Thrift Supervision.
Outstanding: For the Certificates as of any date of determination, all Certificates theretofore executed and authenticated under this Agreement except:
(i) Certificates theretofore canceled by the Trustee or delivered to the Trustee for cancellation; and
(ii) Certificates in exchange for which or in lieu of which other Certificates have been executed and delivered by the Trustee pursuant to this Agreement.
Outstanding Mortgage Loan: As of any Due Date, a Mortgage Loan with a Stated Principal Balance greater than zero that was not the subject of a Principal Prepayment in Full before the Due Date or during the Prepayment Period related to that Due Date and that did not become a Liquidated Mortgage Loan before the Due Date.
Overcollateralization Amount: For any Distribution Date, the excess of
(a) the aggregate Stated Principal Balance of the Mortgage Loans as of the preceding Due Date (after giving effect to Principal Prepayments received in the Prepayment Period related to that prior Due Date) over
(b) the aggregate Class Certificate Balance of the Class A, Subordinated and Class P Certificates on that Distribution Date (assuming the payment of 100% of the Principal Remittance Amount is distributed for that Distribution Date).
Overcollateralization Deficiency: For any Distribution Date, the excess of (a) the Overcollateralization Target Amount applicable to such Distribution Date over (b) the Overcollateralization Amount applicable to such Distribution Date.
Overcollateralization Target Amount: With respect to any Distribution Date: (i) before the Stepdown Date, an amount equal to 2.60% of the sum of the Cut-off Date Principal Balance of the Mortgage Loans; (ii) on or after the Stepdown Date and provided that a Trigger Event is not in effect, an amount equal to the greater of (x) 5.20% of the then current aggregate outstanding Stated Principal Balance of the Mortgage Loans as of the last day of the related Remittance Period (after giving effect to Scheduled Payments of principal due during the related Remittance Period to the extent received or advanced and Principal Prepayments received during the Prepayment Period related to such Distribution Date) and (y) $2,800,000; or (iii) if a Trigger Event is in effect, the Overcollateralization Target Amount for the immediately preceding Distribution Date. Notwithstanding the foregoing, on and after any Distribution Date following the reduction of the aggregate Class Certificate Balance of the Class A and Subordinate Certificates to zero, the Overcollateralization Target Amount shall be zero.
Ownership Interest: As to any Residual Certificate, any ownership interest in the Certificate, including any interest in the Certificate as its Holder and any other interest therein, whether direct or indirect, legal or beneficial.
Pass-Through Margin: For each Class of Class A and Subordinate Certificates for the Interest Accrual Period for each Distribution Date on or before the Optional Termination Date, the respective amount set forth below:
A-1 |
0.090% |
M-4 |
0.550% |
A-2 |
0.150% |
M-5 |
0.590% |
A-3 |
0.200% |
M-6 |
0.680% |
A-4 |
0.300% |
M-7 |
1.350% |
M-1 |
0.400% |
M-8 |
1.500% |
M-2 |
0.420% |
M-9 |
2.600% |
M-3 |
0.440% |
M-10 |
2.500% |
For the Interest Accrual Period for each Distribution Date after the Optional Termination Date, the Pass-Through Margin for each of the Class A -1, Class A -2, Class A-3 and Class A- 4 Certificates shall be 2 times its initial margin and the Pass-Through Margin for each Class of Subordinated Certificates shall be 1.5 times its initial margin.
Pass-Through Rate: With respect to any Class of Class A Certificates or Subordinated Certificates and any Distribution Date, the least of (x) LIBOR plus the related Pass-Through Margin for such Distribution Date, (y) the Net WAC Cap for such Distribution Date and (z) the Maximum Cap for such Distribution Date.
With respect to the Class C Interest and any Distribution Date, a rate per annum equal to the percentage equivalent of a fraction, the numerator of which is the sum of the amounts calculated pursuant to clauses (A) through (Q) below, and the denominator of which is the aggregate Uncertificated Balance of REMIC II Regular Interest LTAA, REMIC II Regular Interest LTA1, REMIC II Regular Interest LTA2, REMIC II Regular Interest LTA3, REMIC II Regular Interest LTA4, REMIC II Regular Interest LTM1, REMIC II Regular Interest LTM2,
REMIC II Regular Interest LTM3, REMIC II Regular Interest LTM4, REMIC II Regular Interest LTM5, REMIC II Regular Interest LTM6, REMIC II Regular Interest LTM7, REMIC II Regular Interest LTM8, REMIC II Regular Interest LTM9, REMIC II Regular Interest LTM10 and REMIC II Regular Interest LTZZ. For purposes of calculating the Pass-Through Rate for the Class C Interest, the numerator is equal to the sum of the following components:
(A) the REMIC II Remittance Rate for REMIC II Regular Interest LTAA minus the Marker Rate, applied to an amount equal to the Uncertificated Balance of REMIC II Regular Interest LTAA;
(B) the REMIC II Remittance Rate for REMIC II Regular Interest LTA1 minus the Marker Rate, applied to an amount equal to the Uncertificated Balance of REMIC II Regular Interest LTA1;
(C) the REMIC II Remittance Rate for REMIC II Regular Interest LTA2 minus the Marker Rate, applied to an amount equal to the Uncertificated Balance of REMIC II Regular Interest LTA2;
(D) the REMIC II Remittance Rate for REMIC II Regular Interest LTA3 minus the Marker Rate, applied to an amount equal to the Uncertificated Balance of REMIC II Regular Interest LTA3;
(E) the REMIC II Remittance Rate for REMIC II Regular Interest LTA4 minus the Marker Rate, applied to an amount equal to the Uncertificated Balance of REMIC II Regular Interest LTA4;
(F) the REMIC II Remittance Rate for REMIC II Regular Interest LTM1 minus the Marker Rate, applied to an amount equal to the Uncertificated Balance of REMIC II Regular Interest LTM1;
(G) the REMIC II Remittance Rate for REMIC II Regular Interest LTM2 minus the Marker Rate, applied to an amount equal to the Uncertificated Balance of REMIC II Regular Interest LTM2;
(H) the REMIC II Remittance Rate for REMIC II Regular Interest LTM3 minus the Marker Rate, applied to an amount equal to the Uncertificated Balance of REMIC II Regular Interest LTM3;
(I) the REMIC II Remittance Rate for REMIC II Regular Interest LTM4 minus the Marker Rate, applied to an amount equal to the Uncertificated Balance of REMIC II Regular Interest LTM4;
(J) the REMIC II Remittance Rate for REMIC II Regular Interest LTM5 minus the Marker Rate, applied to an amount equal to the Uncertificated Balance of REMIC II Regular Interest LTM5;
(K) the REMIC II Remittance Rate for REMIC II Regular Interest LTM6 minus the Marker Rate, applied to an amount equal to the Uncertificated Balance of REMIC II Regular Interest LTM6;
(L) the REMIC II Remittance Rate for REMIC II Regular Interest LTM7 minus the Marker Rate, applied to an amount equal to the Uncertificated Balance of REMIC II Regular Interest LTM7;
(M) the REMIC II Remittance Rate for REMIC II Regular Interest LTM8 minus the Marker Rate, applied to an amount equal to the Uncertificated Balance of REMIC II Regular Interest LTM8;
(N) the REMIC II Remittance Rate for REMIC II Regular Interest LTM9 minus the Marker Rate, applied to an amount equal to the Uncertificated Balance of REMIC II Regular Interest LTM9;
(O) the REMIC II Remittance Rate for REMIC II Regular Interest LTM10 minus the Marker Rate, applied to an amount equal to the Uncertificated Balance of REMIC II Regular Interest LTM10;
(P) the REMIC II Remittance Rate for REMIC II Regular Interest LTZZ minus the Marker Rate, applied to an amount equal to the Uncertificated Balance of REMIC II Regular Interest LTZZ; and
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(Q) |
100% of the interest on REMIC II Regular Interest LTP. |
The Class P Certificates, Class R Certificates and Class R-X Certificates will not accrue interest and therefore will not have a Pass-Through Rate.
With respect to the Class C Certificates, 100% of the interest distributable to the Class C Interest, expressed as a per annum rate.
The Class IO Interest shall not have a Pass-Through Rate, but interest for such Regular Interest and each Distribution Date shall be an amount equal to 100% of the amounts distributable to REMIC II Regular Interest LTIO for such Distribution Date.
REMIC VI Regular Interest SWAP IO Interest shall not have a Pass-Through Rate, but interest for such Regular Interest and each Distribution Date shall be an amount equal to 100% of the amounts distributable to the Class IO Interest for such Distribution Date.
Percentage Interest: As to any Certificate, the percentage interest evidenced thereby in distributions required to be made on the related Class, such percentage interest being stated on its face or equal to the percentage obtained by dividing the Denomination of the Certificate by the aggregate of the Denominations of all Certificates of the same Class.
Performance Loan: Adjustable-rate Mortgage Loans that provide borrowers the potential of margin reduction for good payment history. If, at the time of evaluation, the related borrower has made scheduled payments in full since the origination of the loan with a maximum of one late payment (which, however, cannot be in the month of evaluation), the Mortgage Loan is eligible for a reduction (ranging from 0.50% to 1.00%) in the margin used to calculate the Mortgage Rate.
Periodic Rate Cap: As to any adjustable-rate Mortgage Loan and any Adjustment Date, the maximum percentage increase or decrease to the related Mortgage Rate on the Adjustment Date, as specified in the related Mortgage Note.
Permitted Investments: At any time, any of the following:
(i) obligations of the United States or any agency thereof backed by the full faith and credit of the United States;
(ii) general obligations of or obligations guaranteed by any state of the United States or the District of Columbia receiving the highest long-term debt rating of each Rating Agency, or any lower rating that will not result in the downgrading or withdrawal of the ratings then assigned to the Certificates by the Rating Agencies, as evidenced by a signed writing delivered by each Rating Agency;
(iii) commercial or finance company paper that is then receiving the highest commercial or finance company paper rating of each Rating Agency, or any lower rating that will not result in the downgrading or withdrawal of the ratings then assigned to the Certificates by the Rating Agencies, as evidenced by a signed writing delivered by each Rating Agency;
(iv) certificates of deposit, demand or time deposits, or bankers’ acceptances issued by any depository institution or trust company incorporated under the laws of the United States or of any state thereof and subject to supervision and examination by federal or state banking authorities; provided, that the commercial paper or long-term unsecured debt obligations of the depository institution or trust company (or in the case of the principal depository institution in a holding company system, the commercial paper or long-term unsecured debt obligations of the holding company, but only if Xxxxx’x is not a Rating Agency) are then rated one of the two highest long-term and the highest short-term ratings of each Rating Agency for the securities, or any lower rating that will not result in the downgrading or withdrawal of the ratings then assigned to the Certificates by the Rating Agencies, as evidenced by a signed writing delivered by each Rating Agency;
(v) demand or time deposits or certificates of deposit issued by any bank or trust company or savings institution to the extent that the deposits are fully insured by the FDIC;
(vi) guaranteed reinvestment agreements issued by any bank, insurance company, or other corporation acceptable to the Rating Agencies at the time of the issuance of the agreements, as evidenced by a signed writing delivered by each Rating Agency;
(vii) repurchase obligations with respect to any security described in clauses (i) and (ii) above, in either case entered into with a depository institution or trust company (acting as principal) described in clause (iv) above; provided, that such repurchase obligation would be accounted for as a financing arrangement under generally accepted accounting principles;
(viii) securities (other than stripped bonds, stripped coupons, or instruments sold at a purchase price in excess of 115% of their face amount) bearing interest or sold at a discount, issued by any corporation incorporated under the laws of the United States or any state thereof, that, at the time of the investment, have one of the two highest ratings of each Rating Agency (except that if the Rating Agency is Moody’s, the rating shall be the highest commercial paper rating of Moody’s for the securities), or any lower rating that will not result in the downgrading or withdrawal of the ratings then assigned to the Certificates by the Rating Agencies, as evidenced by a signed writing delivered by each Rating Agency;
(ix) units of a taxable money-market portfolio having the highest rating assigned by each Rating Agency and restricted to obligations issued or guaranteed by the United States of
America or entities whose obligations are backed by the full faith and credit of the United States of America and repurchase agreements collateralized by such obligations; and
(x) any other investments bearing interest or sold at a discount acceptable to the Rating Agencies that will not result in the downgrading or withdrawal of the ratings then assigned to the Certificates by the Rating Agencies, as evidenced by a signed writing delivered by each Rating Agency.
No Permitted Investment may (i) evidence the right to receive interest only payments with respect to the obligations underlying the instrument, (ii) be sold or disposed of before its maturity or (iii) be any obligation of the Seller or any of its Affiliates. Any Permitted Investment shall be relatively risk free and no options or voting rights shall be exercised with respect to any Permitted Investment. Any Permitted Investment shall be sold or disposed of in accordance with Statement of Financial Accounting Standards No. 140, paragraph 35c(6), in effect as of the Closing Date.
Permitted Transferee: Any Person other than:
(i) the United States, any State or political subdivision thereof, or any agency or instrumentality of any of the foregoing;
(ii) a foreign government, International Organization, or any agency or instrumentality of either of the foregoing;
(iii) an organization (except certain farmers’ cooperatives described in Section 521 of the Code) that is exempt from tax imposed by Chapter 1 of the Code (including the tax imposed by Section 511 of the Code on unrelated business taxable income) on any excess inclusions (as defined in Section 860E(c)(1) of the Code) with respect to any Residual Certificate;
(iv) rural electric and telephone cooperatives described in Section 1381(a)(2)(C) of the Code;
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(v) |
an “electing large partnership” as defined in Section 775 of the Code; | |
|
(vi) |
a Person that is not a U.S. Person; and |
|
(vii) any other Person so designated by the Depositor based on an Opinion of Counsel that the Transfer of an Ownership Interest in a Residual Certificate to the Person may cause any REMIC created under this Agreement to fail to qualify as a REMIC at any time that the Certificates are outstanding.
The terms “United States,” “State,” and “International Organization” have the meanings in Section 7701 of the Code or successor provisions. A corporation will not be treated as an instrumentality of the United States or of any State or political subdivision thereof for these purposes if all of its activities are subject to tax and, with the exception of the FHLMC, a majority of its board of directors is not selected by such government unit.
Person: Any individual, corporation, partnership, joint venture, association, limited liability company, joint-stock company, trust, unincorporated organization or government, or any agency or political subdivision thereof.
Pool Stated Principal Balance: As to any Distribution Date, the aggregate Stated Principal Balance of the Outstanding Mortgage Loans on the last day of the related Remittance Period.
Prepayment Charge: As to a Mortgage Loan, any charge paid by a Mortgagor in connection with certain partial prepayments and all prepayments in full made within the related Prepayment Charge Period, the Prepayment Charges with respect to each applicable Mortgage Loan so held by the Trust Fund being identified in the Prepayment Charge Schedule.
Prepayment Charge Period: As to any Mortgage Loan, the period of time during which a Prepayment Charge may be imposed.
Prepayment Charge Schedule: As of any date, the list of Prepayment Charges included in the Trust Fund on that date (including the prepayment charge summary attached thereto). The Prepayment Charge Schedule shall contain the following information with respect to each Prepayment Charge:
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(i) |
the Mortgage Loan account number; |
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(ii) |
a code indicating the type of Prepayment Charge; |
| |
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(iii) |
the state of origination in which the related Mortgaged Property is located; | ||
(iv) the first date on which a monthly payment is or was due under the related Mortgage Note;
|
(v) |
the term of the Prepayment Charge; |
| |
|
(vi) |
the original principal amount of the related Mortgage Loan; and |
| |
|
(vii) |
the Cut-off Date Principal Balance of the related Mortgage Loan. | ||
The Prepayment Charge Schedule shall be amended from time to time by the Servicer in accordance with this Agreement and a copy of the amended schedule shall be delivered to the NIM Insurer.
Prepayment Interest Excess: As to any Principal Prepayment received by the Servicer on a Mortgage Loan from the first day through the fifteenth day of any calendar month other than February 2006, all amounts paid by the related Mortgagor in respect of interest on such Principal Prepayment. All Prepayment Interest Excess shall be retained by the Servicer as additional servicing compensation.
Prepayment Interest Shortfall: As to any Distribution Date, Mortgage Loan and Principal Prepayment received on or after the sixteenth day of the month preceding the month of such Distribution Date (or, in the case of the first Distribution Date, on or after January 1, 2006) and on or before the last day of the month preceding the month of such Distribution Date, the amount, if any, by which one month’s interest at the related Mortgage Rate, net of the Servicing Fee Rate, on such Principal Prepayment exceeds the amount of interest paid in connection with such Principal Prepayment.
Prepayment Period: As to any Distribution Date and related Due Date, the period from and including the 16th day of the month immediately prior to the month of such Distribution Date (or, in the case of the first Distribution Date, on January 1, 2006) to and including the 15th day of the month of such Distribution Date.
Primary Insurance Policy: Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.
Principal Distribution Amount: For any Distribution Date, the sum of (i) the Basic Principal Distribution Amount for the Distribution Date and (ii) the Extra Principal Distribution Amount for the Distribution Date.
Principal Prepayment: Any payment of principal by a Mortgagor on a Mortgage Loan (including the Purchase Price of any modified Mortgage Loan purchased pursuant to Section 3.12(c)) that is received in advance of its scheduled Due Date and is not accompanied by an amount representing scheduled interest due on any date in any month after the month of prepayment. The Servicer shall apply partial Principal Prepayments in accordance with the related Mortgage Note.
Principal Prepayment in Full: Any Principal Prepayment made by a Mortgagor of the entire principal balance of a Mortgage Loan.
Principal Remittance Amount: For any Distribution Date, the sum of the following amounts (without duplication) with respect to the Mortgage Loans:
(i) the principal portion of previously undistributed Scheduled Payments due after the Cut-off Date and by the Due Date occurring in the related Remittance Period that were not the subject of a previous Advance and were received by the Servicer before the related Determination Date or were part of the Advance for the Determination Date;
(ii) each Principal Prepayment received by the Servicer during the related Prepayment Period;
(iii) the Liquidation Proceeds on the Mortgage Loans allocable to principal and Subsequent Recoveries actually collected by the Servicer during the preceding calendar month;
(iv) the principal portion of the purchase price with respect to each Deleted Mortgage Loan, the repurchase obligation for which arose during the preceding calendar month and that was repurchased before the related Distribution Account Deposit Date;
(v) the principal portion of any Substitution Adjustment Amounts in connection with a substitution of a Mortgage Loan as of the Distribution Date; and
(vi) the proceeds received with respect to the termination of the Trust Fund (to the extent such proceeds relate to principal);
minus
(vii) the sum of (x) amounts in reimbursement for the principal portion of Advances previously made with respect to the Mortgage Loans, other expenses reimbursable to the Servicer with respect to the Mortgage Loans pursuant to this Agreement and, as applicable,
payable by the Trustee out of the Distribution Account pursuant to Section 3.09(b), and (y) any Net Swap Payment or Swap Termination Payment (not due to a Swap Provider Trigger Event) deposited in the Supplemental Interest Trust for payment to the Swap Provider on such Distribution Date to the extent not paid from interest funds.
Private Certificates: As specified in the Preliminary Statement.
Prospectus Supplement: The Prospectus Supplement dated February 6, 2006 relating to the Offered Certificates.
PUD: Planned Unit Development.
Purchase Price: For any Mortgage Loan required to be purchased by the Seller pursuant to Section 2.01, 2.02, 2.03 or 2.05 or purchased by the Servicer pursuant to Section 3.12, the sum of:
(i) 100% of the unpaid principal balance of the Mortgage Loan on the date of the purchase;
(ii) accrued interest on the Mortgage Loan at the applicable Mortgage Rate (or at the applicable Adjusted Mortgage Rate if (x) the purchaser is the Servicer or (y) if the purchaser is the Seller and the Seller is the Servicer) from the date through which interest was last paid by the Mortgagor to the Due Date in the month in which the Purchase Price is to be distributed to Certificateholders, net of any unreimbursed Advances made by the Servicer on the Mortgage Loan; and
(iii) any costs and damages incurred by the Trust Fund in connection with any violation by the Mortgage Loan of any predatory or abusive lending law.
If the Mortgage Loan is a Mortgage Loan to be repurchased pursuant to Section 3.12, the interest component of the Purchase Price shall be computed (i) on the basis of the applicable Adjusted Mortgage Rate before giving effect to the related modification and (ii) from the date to which interest was last paid to the date on which the Mortgage Loan is assigned to the Servicer pursuant to Section 3.12(c).
Qualified Insurer: A mortgage guaranty insurance company duly qualified as such under the laws of the state of its principal place of business and each state having jurisdiction over the insurer in connection with the insurance policy issued by the insurer, duly authorized and licensed in such states to transact a mortgage guaranty insurance business in such states and to write the insurance provided by the insurance policy issued by it, approved as an FNMA- or FHLMC-approved mortgage insurer or having a claims paying ability rating of at least “AA” or an equivalent rating by a nationally recognized statistical rating organization. Any replacement insurer with respect to a Mortgage Loan must have at least as high a claims paying ability rating as the insurer it replaces had on the Closing Date.
Rating Agency: Each of the Rating Agencies specified in the Preliminary Statement. If any of them or a successor is no longer in existence, “Rating Agency” shall be the nationally recognized statistical rating organization, or other comparable Person, designated by the Depositor, notice of which designation shall be given to the Trustee. References to a given rating or rating category of a Rating Agency means the rating category without giving effect to any modifiers.
Realized Loss: The excess of the Stated Principal Balance of a defaulted Mortgage Loan over the net Liquidation Proceeds with respect thereto that are allocated to the principal balance of such Mortgage Loan. To the extent the Servicer receives Subsequent Recoveries with respect to any Mortgage Loan, the amount of the Realized Loss with respect to that Mortgage Loan will be reduced by such Subsequent Recoveries.
Record Date: For the Class A and Subordinated Certificates held in book-entry form, the close of business on the Business Day before the related Distribution Date. For any Definitive Certificate, the close of business on the last Business Day of the month preceding the month of the related Distribution Date.
Reference Bank: As defined in Section 4.07.
Refinance Loan: Any Mortgage Loan the proceeds of which are used to refinance an existing Mortgage Loan.
Regular Certificates: Any Class A, Class M, Class C or Class P Certificate.
Regulation AB: Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1123, as such may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Commission in the adopting release (Asset-Backed Securities, Securities Act Release No. 33-8518, 70 Fed. Reg. 1,506, 1,531 (Jan. 7, 2005)) or by the staff of the Commission, or as may be published by the Commission or its staff from time to time.
Relief Act: The Servicemembers Civil Relief Act.
Relief Act Interest Shortfall: With respect to any Distribution Date and any Mortgage Loan as to which there has been a reduction in the amount of interest collectible thereon for the most recently ended calendar month as a result of the application of the Relief Act or similar state laws, the amount, if any, by which (i) interest collectible on such Mortgage Loan for the most recently ended calendar month is less than (ii) interest accrued thereon for such month pursuant to the Mortgage Note.
REMIC: A “real estate mortgage investment conduit” within the meaning of Section 860D of the Code.
REMIC I: The segregated pool of assets subject hereto, constituting the primary trust created hereby and to be administered hereunder, with respect to which a REMIC election is to be made, consisting of: (i) such Mortgage Loans and Prepayment Charges as from time to time are subject to this Agreement, together with the Mortgage Files relating thereto, and together with all collections thereon and proceeds thereof; (ii) any REO Property, together with all collections thereon and proceeds thereof; (iii) the Trustee’s rights with respect to the Mortgage Loans under all insurance policies, required to be maintained pursuant to this Agreement and any proceeds thereof; (iv) the Depositor’s rights under this Agreement (including any security interest created thereby) to the extent conveyed pursuant to Section 2.01; and (v) the Collection Account, the Distribution Account and such assets that are deposited therein from time to time and any investments thereof, together with any and all income, proceeds and payments with respect thereto. Notwithstanding the foregoing, however, REMIC I specifically excludes the Excess Reserve Fund Account, the Supplemental Interest Trust, the Swap Agreement, all payments and other collections of principal and interest due on the Mortgage Loans on or before
the Cut-off Date and all Prepayment Charges payable in connection with Principal Prepayments made before the Cut-off Date.
REMIC I Regular Interest: Any of the separate non-certificated beneficial ownership interests in REMIC I issued hereunder and designated as a “regular interest” in REMIC I. Each REMIC I Regular Interest shall accrue interest at the related REMIC I Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto. The designations for the respective REMIC I Regular Interests are set forth in the Preliminary Statement hereto.
REMIC I Remittance Rate: With respect to REMIC I Regular Interest I, a per annum rate equal to the weighted average of the Expense Adjusted Net Mortgage Rates of the Mortgage Loans. With respect to each REMIC I Regular Interest ending with the designation “A”, a per annum rate equal to the weighted average of the Expense Adjusted Net Mortgage rates of the Mortgage Loans multiplied by 2, subject to a maximum rate of 9.5060%. With respect to each REMIC I Regular Interest ending with the designation “B”, the greater of (x) a per annum rate equal to the excess, if any, of (i) 2 multiplied by the weighted average of the Expense Adjusted Net Mortgage Rates of the Mortgage Loans over (ii) 9.5060% and (y) 0.00%.
REMIC II Interest Loss Allocation Amount: With respect to any Distribution Date, an amount (subject to adjustment based on the actual number of days elapsed in the respective Interest Accrual Periods for the indicated Regular Interests for such Distribution Date) equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and related REO Properties then outstanding and (ii) the REMIC II Remittance Rate for REMIC II Regular Interest LTAA minus the Marker Rate, divided by (b) 12.
REMIC II Overcollateralization Target Amount: 1.00% of the Overcollateralization Target Amount.
REMIC II Overcollateralized Amount: With respect to any date of determination, (i) 1.00% of the aggregate Uncertificated Balance of the REMIC II Regular Interests (other than REMIC II Regular Interest LTP) minus (ii) the aggregate Uncertificated Balance of REMIC II Regular Interest LTA1, REMIC II Regular Interest LTA2, REMIC II Regular Interest LTA3, REMIC II Regular Interest LTA4, REMIC II Regular Interest LTM1, REMIC II Regular Interest LTM2, REMIC II Regular Interest LTM3, REMIC II Regular Interest LTM4, REMIC II Regular Interest LTM5, REMIC II Regular Interest LTM6, REMIC II Regular Interest LTM7, REMIC II Regular Interest LTM8, REMIC II Regular Interest LTM9 and REMIC II Regular Interest LTM10, in each case as of such date of determination.
REMIC II Principal Loss Allocation Amount: With respect to any Distribution Date, an amount equal to the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) one (1) minus a fraction, the numerator of which is two (2) times the aggregate Uncertificated Balance of REMIC II Regular Interest LTA1, REMIC II Regular Interest LTA2, REMIC II Regular Interest LTA3, REMIC II Regular Interest LTA4, REMIC II Regular Interest LTM1, REMIC II Regular Interest LTM2, REMIC II Regular Interest LTM3, REMIC II Regular Interest LTM4, REMIC II Regular Interest LTM5, REMIC II Regular Interest LTM6, REMIC II Regular Interest LTM7, REMIC II Regular Interest LTM8, REMIC II Regular Interest LTM9 and REMIC II Regular Interest LTM10 and the denominator of which is the aggregate Uncertificated Balance of REMIC II Regular Interest LTA1, REMIC II Regular Interest LTA2, REMIC II Regular Interest LTA3, REMIC II Regular
Interest LTA4, REMIC II Regular Interest LTM1, REMIC II Regular Interest LTM2, REMIC II Regular Interest LTM3, REMIC II Regular Interest LTM4, REMIC II Regular Interest LTM5, REMIC II Regular Interest LTM6, REMIC II Regular Interest LTM7, REMIC II Regular Interest LTM8, REMIC II Regular Interest LTM9, REMIC II Regular Interest LTM10 and REMIC II Regular Interest LTZZ.
REMIC II Regular Interest: Any of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a regular interest in REMIC II. Each REMIC II Regular Interest shall accrue interest at the related REMIC II Remittance Rate in effect from time to time, and shall be entitled to distributions of principal (other than the REMIC II Regular Interest LTIO), subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto.
REMIC II Regular Interest LTAA: One of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a Regular Interest in REMIC II. REMIC II Regular Interest LTAA shall accrue interest at the related REMIC II Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto.
REMIC II Regular Interest LTA1: One of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a Regular Interest in REMIC II. REMIC II Regular Interest LTA1 shall accrue interest at the related REMIC II Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto.
REMIC II Regular Interest LTA2: One of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a Regular Interest in REMIC II. REMIC II Regular Interest LTA2 shall accrue interest at the related REMIC II Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto.
REMIC II Regular Interest LTA3: One of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a Regular Interest in REMIC II. REMIC II Regular Interest LTA3 shall accrue interest at the related REMIC II Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto.
REMIC II Regular Interest LTA4: One of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a Regular Interest in REMIC II. REMIC II Regular Interest LTA4 shall accrue interest at the related REMIC II Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto.
REMIC II Regular Interest LTIO: One of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a Regular Interest in
REMIC II. REMIC II Regular Interest LTIO shall accrue interest at the related REMIC II Remittance Rate in effect from time to time on its Uncertificated Notional Amount as set forth in the Preliminary Statement hereto.
REMIC II Regular Interest LTM1: One of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a Regular Interest in REMIC II. REMIC II Regular Interest LTM1 shall accrue interest at the related REMIC II Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto.
REMIC II Regular Interest LTM2: One of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a Regular Interest in REMIC II. REMIC II Regular Interest LTM2 shall accrue interest at the related REMIC II Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto.
REMIC II Regular Interest LTM3: One of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a Regular Interest in REMIC II. REMIC II Regular Interest LTM3 shall accrue interest at the related REMIC II Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto.
REMIC II Regular Interest LTM4: One of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a Regular Interest in REMIC II. REMIC II Regular Interest LTM4 shall accrue interest at the related REMIC II Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto.
REMIC II Regular Interest LTM5: One of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a Regular Interest in REMIC II. REMIC II Regular Interest LTM5 shall accrue interest at the related REMIC II Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto.
REMIC II Regular Interest LTM6: One of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a Regular Interest in REMIC II. REMIC II Regular Interest LTM6 shall accrue interest at the related REMIC II Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto.
REMIC II Regular Interest LTM7: One of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a Regular Interest in REMIC II. REMIC II Regular Interest LTM7 shall accrue interest at the related REMIC II Remittance Rate in effect from time to time, and shall be entitled to distributions of principal,
subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto.
REMIC II Regular Interest LTM8: One of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a Regular Interest in REMIC II. REMIC II Regular Interest LTM8 shall accrue interest at the related REMIC II Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto.
REMIC II Regular Interest LTM9: One of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a Regular Interest in REMIC II. REMIC II Regular Interest LTM9 shall accrue interest at the related REMIC II Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto.
REMIC II Regular Interest LTM10: One of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a Regular Interest in REMIC II. REMIC II Regular Interest LTM10 shall accrue interest at the related REMIC II Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto.
REMIC II Regular Interest LTP: One of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a Regular Interest in REMIC II. REMIC II Regular Interest LTP shall accrue interest at the related REMIC II Remittance Rate in effect from time to time, and shall be entitled to any Prepayment Charges collected by the Servicer and to a distribution of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto.
REMIC II Regular Interest LTZZ: One of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a Regular Interest in REMIC II. REMIC II Regular Interest LTZZ shall accrue interest at the related REMIC II Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto.
REMIC II Remittance Rate: With respect to REMIC II Regular Interest LTAA, REMIC II Regular Interest LTA1, REMIC II Regular Interest LTA2, REMIC II Regular Interest LTA3, REMIC II Regular Interest LTA4, REMIC II Regular Interest LTM1, REMIC II Regular Interest LTM2, REMIC II Regular Interest LTM3, REMIC II Regular Interest LTM4, REMIC II Regular Interest LTM5, REMIC II Regular Interest LTM6, REMIC II Regular Interest LTM7, REMIC II Regular Interest LTM8, REMIC II Regular Interest LTM9, REMIC II Regular Interest LTM10, REMIC II Regular Interest LTZZ and REMIC II Regular Interest LTP, a per annum rate (but not less than zero) equal to the weighted average of (w) with respect to REMIC I Regular Interest I, the REMIC I Remittance Rate for such REMIC I Regular Interest for each such Distribution Date, (x) with respect to REMIC I Regular Interests ending with the designation “B”, the weighted average of the REMIC I Remittance Rates for such REMIC I Regular Interests, weighted on the basis of the Uncertificated Balance of such REMIC
I Regular Interests for each such Distribution Date and (y) with respect to REMIC I Regular Interests ending with the designation “A”, for each Distribution Date listed below, the weighted average of the rates listed below for each such REMIC I Regular Interest listed below, weighted on the basis of the Uncertificated Balance of each such REMIC I Regular Interest for each such Distribution Date:
Distribution Date |
REMIC 1 Regular Interest |
Rate |
1 |
I-1-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
2 |
I-2-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A |
REMIC I Remittance Rate |
3 |
I-3-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A and I-2-A |
REMIC I Remittance Rate |
4 |
I-4-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-3-A |
REMIC I Remittance Rate |
5 |
I-5-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-4-A |
REMIC I Remittance Rate |
6 |
I-6-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-5-A |
REMIC I Remittance Rate |
7 |
I-7-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-6-A |
REMIC I Remittance Rate |
8 |
I-8-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-7-A |
REMIC I Remittance Rate |
9 |
I-9-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-8-A |
REMIC I Remittance Rate |
10 |
I-10-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-9-A |
REMIC I Remittance Rate |
11 |
I-11-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-10-A |
REMIC I Remittance Rate |
12 |
I-12-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-11-A |
REMIC I Remittance Rate |
13 |
I-13-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-12-A |
REMIC I Remittance Rate |
14 |
I-14-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-13-A |
REMIC I Remittance Rate |
15 |
I-15-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-14-A |
REMIC I Remittance Rate |
16 |
I-16-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-15-A |
REMIC I Remittance Rate |
17 |
I-17-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-16-A |
REMIC I Remittance Rate |
18 |
I-18-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-17-A |
REMIC I Remittance Rate |
19 |
I-19-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-18-A |
REMIC I Remittance Rate |
20 |
I-20-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-19-A |
REMIC I Remittance Rate |
21 |
I-21-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-20-A |
REMIC I Remittance Rate |
22 |
I-22-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-21-A |
REMIC I Remittance Rate |
23 |
I-23-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-22-A |
REMIC I Remittance Rate |
24 |
I-24-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-23-A |
REMIC I Remittance Rate |
25 |
I-25-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-24-A |
REMIC I Remittance Rate |
26 |
I-26-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-25-A |
REMIC I Remittance Rate |
27 |
I-27-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-26-A |
REMIC I Remittance Rate |
28 |
I-28-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-27-A |
REMIC I Remittance Rate |
29 |
I-29-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-28-A |
REMIC I Remittance Rate |
30 |
I-30-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-29-A |
REMIC I Remittance Rate |
31 |
I-31-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-30-A |
REMIC I Remittance Rate |
32 |
I-32-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-31-A |
REMIC I Remittance Rate |
33 |
I-33-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-32-A |
REMIC I Remittance Rate |
34 |
I-34-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-33-A |
REMIC I Remittance Rate |
35 |
I-35-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-34-A |
REMIC I Remittance Rate |
36 |
I-36-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-35-A |
REMIC I Remittance Rate |
37 |
I-37-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-36-A |
REMIC I Remittance Rate |
38 |
I-38-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-37-A |
REMIC I Remittance Rate |
39 |
I-39-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-38-A |
REMIC I Remittance Rate |
40 |
I-40-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-39-A |
REMIC I Remittance Rate |
41 |
I-41-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-40-A |
REMIC I Remittance Rate |
42 |
I-42-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-41-A |
REMIC I Remittance Rate |
43 |
I-43-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-42-A |
REMIC I Remittance Rate |
44 |
I-44-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-43-A |
REMIC I Remittance Rate |
45 |
I-45-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-44-A |
REMIC I Remittance Rate |
46 |
I-46-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-45-A |
REMIC I Remittance Rate |
47 |
I-47-A through I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-46-A |
REMIC I Remittance Rate |
48 |
I-48-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-47-A |
REMIC I Remittance Rate |
thereafter |
I-1-A through I-48-A |
REMIC I Remittance Rate |
With respect to REMIC II Regular Interest LTIO and (a) the first Distribution Date through the 48th Distribution Date, the excess of (i) the weighted average of the REMIC I Remittance Rates for REMIC I Regular Interests ending with the designation “A”, over (ii) 2 multiplied by Swap LIBOR and (b) thereafter, 0.00%.
REMIC III Regular Interest: Any of the Class C Interest, Class P Interest, Class IO Interest, and any “regular interest” in REMIC III the ownership of which is represented by a Class A Certificate or Subordinate Certificate.
REMIC IV Regular Interest: Any “regular interest” in REMIC IV the ownership of which is represented by a Class C Certificate.
REMIC V Regular Interest: Any “regular interest” in REMIC V the ownership of which is represented by a Class P Certificate.
REMIC Provisions: Provisions of the federal income tax law relating to REMICs, which appear at Sections 860A through 860G of Subchapter M of Chapter 1 of the Code, and related provisions, and regulations promulgated thereunder, as the foregoing may be in effect from time to time as well as provisions of applicable state laws.
REMIC Regular Interest: A REMIC I Regular Interest, REMIC II Regular Interest, REMIC III Regular Interest, REMIC IV Regular Interest, REMIC V Regular Interest or REMIC VI Regular Interest.
REMIC Remittance Rate: The REMIC I Remittance Rate or the REMIC II Remittance Rate, as applicable.
Remittance Period: For any Distribution Date, the period commencing on the second day of the month preceding the month in which the Distribution Date occurs and ending on the first day of the month in which the Distribution Date occurs.
REO Property: A Mortgaged Property acquired by the Trust Fund through foreclosure or deed-in-lieu of foreclosure in connection with a defaulted Mortgage Loan.
Request for Release: The Request for Release submitted by the Servicer to the Trustee, substantially in the form of Exhibits M and N, as appropriate.
Required Insurance Policy: For any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.
Residual Certificates: As specified in the Preliminary Statement.
Responsible Officer: When used with respect to the Trustee or the Supplemental Interest Trust Administrator, any Vice President (however denominated), any Assistant Vice President, any Assistant Secretary, any Assistant Treasurer, any Trust Officer or any other officer of the Trustee or the Supplemental Interest Trust Administrator, as applicable, customarily performing functions similar to those performed by any of the above designated officers who at such time shall be officers to whom, with respect to a particular matter, the matter is referred because of the officer’s knowledge of and familiarity with the particular subject and who has direct responsibility for the administration of this Agreement.
S&P: Standard & Poor’s Ratings Services, a division of The XxXxxx-Xxxx Companies, Inc. If S&P is designated as a Rating Agency in the Preliminary Statement, for purposes of Section 10.05(b) the address for notices to S&P shall be Standard & Poor’s Ratings Services, a division of The XxXxxx-Xxxx Companies, Inc., 00 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: Mortgage Surveillance Monitoring, or any other address that S&P furnishes to the Depositor and the Servicer.
Scheduled Payment: The scheduled monthly payment on a Mortgage Loan allocable to principal and/or interest on the Mortgage Loan that, unless otherwise specified herein, shall give effect to any related Debt Service Reduction and any Deficient Valuation that affects the amount of the monthly payment due on the Mortgage Loan.
Securities Act: The Securities Act of 1933, as amended.
Seller: IndyMac Bank, F.S.B., a federal savings bank, and its successors and assigns, in its capacity as seller of the Mortgage Loans to the Depositor.
Senior Enhancement Percentage: For any Distribution Date, the Credit Enhancement Percentage for the Class A Certificates.
Servicer: IndyMac Bank, F.S.B., a federal savings bank, and its successors and assigns, in its capacity as servicer under this Agreement.
Servicer Advance Date: As to any Distribution Date, 12:30 p.m. (Pacific time) on the Business Day preceding the Distribution Date.
Servicer Remittance Amount: For any Distribution Date, is the sum of:
(i) all scheduled installments of interest (net of the related Expense Fees) and principal due on the Due Date on the Mortgage Loans in the related Remittance Period and received by the related Determination Date, together with any related Advances;
(ii) all Insurance Proceeds (other than Insurance Proceeds included in Liquidation Proceeds), Liquidation Proceeds and Subsequent Recoveries received during the preceding calendar month (in each case, net of unreimbursed expenses incurred in connection with a liquidation or foreclosure and net of the related Excess Proceeds); and
(iii) all partial or full Principal Prepayments on the Mortgage Loans received during the related Prepayment Period together with all Compensating Interest on those Mortgage Loans and interest paid by the Mortgagors (other than Prepayment Interest Excess); and
minus amounts in reimbursement for Advances previously made with respect to the Mortgage Loans, and other expenses reimbursable to the Servicer with respect to the Mortgage Loans pursuant to this Agreement.
Servicing Account: The separate Eligible Account or Accounts created and maintained pursuant to Section 3.06(b).
Servicing Advances: All customary, reasonable, and necessary “out of pocket” costs and expenses incurred in the performance by the Servicer of its servicing obligations, including the cost of:
(i)
|
(a) |
the preservation, restoration, and protection of a Mortgaged Property, |
(b) expenses reimbursable to the Servicer pursuant to Section 3.12 and any enforcement or judicial proceedings, including foreclosures,
|
(c) |
the maintenance and liquidation of any REO Property, and | |
|
(d) |
compliance with the obligations under Section 3.10; and |
|
(ii) reasonable compensation to the Servicer or its affiliates for acting as broker in connection with the sale of foreclosed Mortgaged Properties and for performing certain default management and other similar services (including appraisal services) in connection with the servicing of defaulted Mortgage Loans. For purposes of clause (ii), only costs and expenses incurred in connection with the performance of activities generally considered to be outside the scope of customary servicing or servicing duties shall be treated as Servicing Advances.
Servicing Criteria: The “servicing criteria” set forth in Item 1122(d) of Regulation AB, as such may be amended from time to time, or those Servicing Criteria otherwise mutually agreed to by IndyMac and the applicable Servicer in response to evolving interpretations of Regulation AB and incorporated into a revised Exhibit R.
Servicing Fee: As to each Mortgage Loan and any Distribution Date, one month’s interest at the related Servicing Fee Rate on the Stated Principal Balance of the Mortgage Loan as of the Due Date in the prior calendar month or, in the event of any payment of interest that accompanies a Principal Prepayment in Full made by the Mortgagor, interest at the Servicing Fee Rate on the Stated Principal Balance of the Mortgage Loan for the period covered by the payment of interest, subject to reduction as provided in Section 3.15.
Servicing Fee Rate: For each Mortgage Loan, 0.5000% per annum.
Servicing Officer: Any officer of the Servicer involved in, or responsible for, the administration and servicing of the Mortgage Loans whose name and facsimile signature appear on a list of servicing officers furnished to the Trustee by the Servicer on the Closing Date pursuant to this Agreement, as the list may from time to time be amended.
Servicing Standard: That degree of skill and care exercised by the Servicer with respect to mortgage loans comparable to the Mortgage Loans serviced by the Servicer for itself or others.
Startup Day: The Closing Date.
Stated Principal Balance: As to any Mortgage Loan and Due Date, the unpaid principal balance of such Mortgage Loan as of such Due Date, as specified in the amortization schedule for such Due Date (before any adjustment to such amortization schedule by reason of any moratorium or similar waiver or grace period) after giving effect to the sum of: (i) the payment of principal due on such Due Date and irrespective of any delinquency in payment by the related Mortgagor and (ii) any Liquidation Proceeds allocable to principal received in the prior calendar month and any Principal Prepayments received through the last day of the related Prepayment Period, in each case, with respect to such Mortgage Loan.
Stepdown Date: The earlier to occur of (a) the first Distribution Date on which the aggregate Class Certificate Balance of the Class A Certificates is reduced to zero, and (b) the later to occur of (i) the Distribution Date in February 2009 and (ii) the first Distribution Date on which the Senior Enhancement Percentage (calculated for this purpose only after taking into account distributions of principal on the Mortgage Loans on the last day of the related Remittance Period but before any application of Principal Distribution Amount to the Certificates) is greater than or equal to 43.90%.
Subordinated Certificates: As specified in the Preliminary Statement.
Subordination Reduction Amount: For any Distribution Date, the lesser of (a) the Excess Overcollateralization Amount and (b) the Total Monthly Excess Spread.
Subsequent Recoveries: As to any Distribution Date, with respect to a Liquidated Mortgage Loan that resulted in a Realized Loss in a prior calendar month, unexpected amounts received by the Servicer (net of any related expenses permitted to be reimbursed pursuant to Section 3.09) specifically related to such Liquidated Mortgage Loan.
Substitute Mortgage Loan: A Mortgage Loan substituted by the Seller for a Deleted Mortgage Loan that must, on the date of substitution, as confirmed in a Request for Release, substantially in the form of Exhibit M:
(i) have a Stated Principal Balance, after deduction of the principal portion of the Scheduled Payment due in the month of substitution, not in excess of, and not more than 10% less than, the Stated Principal Balance of the Deleted Mortgage Loan;
(ii) be accruing interest at a rate no lower than and not more than 1% per annum higher than, that of the Deleted Mortgage Loan;
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(iii) |
have a Loan-to-Value Ratio no higher than that of the Deleted Mortgage Loan; |
(iv) have a Maximum Mortgage Rate not more than 1% per annum higher than and not lower than the Maximum Mortgage Rate of the Deleted Mortgage Loan;
(v) have a Margin not more than 1% per annum higher than, and not lower than that of the Deleted Mortgage Loan;
(vi) have the same Index and same time period between reset periods as that of the Deleted Mortgage Loan;
(vii) have a remaining term to maturity no greater than (and not more than one year less than that of) the Deleted Mortgage Loan;
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(viii) |
not be a cooperative loan; and |
|
|
(ix) |
comply with each representation and warranty in Section 2.03. |
Substitution Adjustment Amount: As defined in Section 2.03.
Supplemental Interest Trust: The corpus of a trust created pursuant to Section 4.05 of this Agreement and designated as the “Supplemental Interest Trust,” consisting of the Swap Agreement, the Class IO Interest and the right to receive payments in respect of the Class IO Distribution Amount. For the avoidance of doubt, the Supplemental Interest Trust does not constitute a part of the Trust Fund.
Supplemental Interest Trust Administrator: Deutsche Bank National Trust Company and its successor and, if a successor is appointed under this Agreement, such successor.
Swap Agreement: The interest rate swap agreement, dated February 9, 2006, between the Supplemental Interest Trust Administrator, as trustee on behalf of the Supplemental Interest Trust, and the Swap Provider, which agreement provides for Net Swap Payments and Swap Termination Payments to be paid, as provided therein, together with any schedules, confirmations or other agreements relating thereto, attached hereto as Exhibit K.
Swap LIBOR: LIBOR as determined pursuant to the Swap Agreement.
Swap Provider: The party to the Swap Agreement either (a) entitled to receive payments from the Supplemental Interest Trust or (b) required to make payments to the Supplemental Interest Trust, in either case pursuant to the terms of the Swap Agreement, and
any successor in interest or assign. Initially, the Swap Provider shall be Bear Xxxxxxx Financial Products Inc.
Swap Provider Trigger Event: A Swap Provider Trigger Event shall have occurred if any of an Event of Default (under the Swap Agreement) with respect to which the Swap Provider is a Defaulting Party, a Termination Event (under the Swap Agreement) with respect to which the Swap Provider is the sole Affected Party or an Additional Termination Event (under the Swap Agreement) with respect to which the Swap Provider is the sole Affected Party has occurred.
Swap Termination Payment: Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Supplemental Interest Trust to the Swap Provider, or by the Swap Provider to the Supplemental Interest Trust, as applicable, pursuant to the terms of the Swap Agreement.
Telerate Page 3750: The display page currently so designated by Moneyline Telerate Information Services, Inc. (or on any page replacing that page on that service for the purpose of displaying London inter-bank offered rates of major banks).
Total Monthly Excess Spread: For any Distribution Date, the excess of (i) Available Funds during the related Remittance Period over (ii) the sum of the amounts paid to the Certificates on the Distribution Date pursuant to Sections 4.02(I)(a) and (b), assuming for purposes of this calculation that the Extra Principal Distribution Amount included in such distributions is equal to zero.
Transfer: Any direct or indirect transfer or sale of any Ownership Interest in a Residual Certificate.
Trigger Event: A Trigger Event exists if with respect to any Distribution Date on or after the Stepdown Date, (A) the quotient of (x) the three month rolling average of the Stated Principal Balance of 60+ Day Delinquent Loans as of the preceding calendar month over (y) the aggregate Stated Principal Balance of the Mortgage Loans, as of the last day of the preceding calendar month, equals or exceeds 36.40% of the Senior Enhancement Percentage, or (B) a Cumulative Net Loss Trigger Event is in effect.
Trust: The trust created under this Agreement.
Trust Fund: The corpus of the Trust consisting of:
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(i) |
REMIC I; |
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(ii) |
REMIC II; |
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(iii) |
REMIC III; |
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(iv) |
REMIC IV; |
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(v) |
REMIC V; |
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(vi) |
REMIC VI; and | ||||
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(vii) |
the Excess Reserve Fund Account. |
Trust REMIC: Any of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V or REMIC VI.
Trustee: Deutsche Bank National Trust Company and its successors and, if a successor trustee is appointed under this Agreement, such successor.
Trustee Fee: As to each Mortgage Loan and any Distribution Date, one month’s interest at the Trustee Fee Rate on the Stated Principal Balance of the Mortgage Loan as of the Due Date occurring in the preceding calendar month (or, whenever a payment of interest accompanies a Principal Prepayment in Full made by the Mortgagor during the preceding calendar month, interest at the Trustee Fee Rate on the Stated Principal Balance of the Mortgage Loan for the period covered by the payment of interest).
Trustee Fee Rate: 0.0075% per annum.
Uncertificated Balance: The amount of any REMIC Regular Interest (other than the REMIC II Regular Interest LTIO) outstanding as of any date of determination. As of the Closing Date, the Uncertificated Balance of each REMIC Regular Interest (other than the REMIC II Regular Interest LTIO) shall equal the amount set forth in the Preliminary Statement hereto as its initial uncertificated balance. On each Distribution Date, the Uncertificated Balance of each REMIC Regular Interest (other than the REMIC II Regular Interest LTIO) shall be reduced by all distributions of principal made on such REMIC Regular Interest on such Distribution Date pursuant to Section 4.08 and, if and to the extent necessary and appropriate, shall be further reduced on such Distribution Date by Realized Losses as provided in Section 4.08. The Uncertificated Balance of REMIC II Regular Interest LTZZ shall be increased by interest deferrals as provided in Section 4.08(I)(1). The Uncertificated Balance of each REMIC Regular Interest (other than the REMIC III Regular Interest LTIO) shall never be less than zero. With respect to the Class C Interest as of any date of determination, an amount equal to the excess, if any, of (A) the then aggregate Uncertificated Principal Balance of the REMIC II Regular Interests over (B) the then aggregate Certificate Balance of the Class A Certificates, Subordinated Certificates and Class P Certificates then outstanding.
Uncertificated Interest: With respect to any REMIC Regular Interest for any Distribution Date, one month’s interest at the REMIC Remittance Rate applicable to such REMIC Regular Interest for such Distribution Date, accrued on the Uncertificated Balance or Uncertificated Notional Amount thereof immediately prior to such Distribution Date. Uncertificated Interest in respect of any REMIC Regular Interest shall accrue on the basis of a 360-day year consisting of twelve 30-day months. Uncertificated Interest with respect to each Distribution Date, as to any REMIC Regular Interest, shall be reduced by an amount equal to the sum of the Net Prepayment Interest Shortfalls, if any, and the aggregate amount of any Relief Act Interest Shortfalls, if any, in each case in the manner and priority described below.
For purposes of calculating the amount of Uncertificated Interest for the REMIC I Regular Interests for any Distribution Date the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans shall be allocated first, to REMIC I Regular Interest I and to the REMIC I Regular Interests ending with the designation “B”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective REMIC I Remittance Rates on the respective Uncertificated Balances of each such REMIC I Regular Interest, and then, to REMIC I Regular
Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective REMIC I Remittance Rates on the respective Uncertificated Balances of each such REMIC I Regular Interest.
For purposes of calculating the amount of Uncertificated Interest for the REMIC II Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated among REMIC II Regular Interest LTAA, REMIC II Regular Interest LTA1, REMIC II Regular Interest LTA2, REMIC II Regular Interest LTA3, REMIC II Regular Interest LTA4, REMIC II Regular Interest LTM1, REMIC II Regular Interest LTM2, REMIC II Regular Interest LTM3, REMIC II Regular Interest LTM4, REMIC II Regular Interest LTM5, REMIC II Regular Interest LTM6, REMIC II Regular Interest LTM7, REMIC II Regular Interest LTM8, REMIC II Regular Interest LTM9, REMIC II Regular Interest LTM10 and REMIC II Regular Interest LTZZ, pro rata, based on, and to the extent of, one month’s interest at the then applicable respective REMIC II Remittance Rate on the respective Uncertificated Balance of each such REMIC II Regular Interest.
In addition, Uncertificated Interest with respect to each Distribution Date, as to any REMIC Regular Interest, shall be reduced by Realized Losses, if any, allocated to such REMIC Regular Interest as described above and pursuant to Section 4.02.
Uncertificated Notional Amount: With respect to REMIC II Regular Interest LTIO and each Distribution Date listed below, the aggregate Uncertificated Balance of the REMIC I Regular Interests ending with the designation “A” listed below:
Distribution |
REMIC I Regular Interests |
1 |
I-1-A through X-00-X |
0 |
X-0-X xxxxxxx X-00-X |
0 |
X-0-X through X-00-X |
0 |
X-0-X xxxxxxx X-00-X |
0 |
X-0-X through X-00-X |
0 |
X-0-X xxxxxxx X-00-X |
0 |
X-0-X through X-00-X |
0 |
X-0-X xxxxxxx X-00-X |
0 |
X-0-X through I-48-A |
10 |
I-10-A through I-48-A |
11 |
I-11-A through I-48-A |
12 |
I-12-A through I-48-A |
13 |
I-13-A through I-48-A |
14 |
I-14-A through I-48-A |
15 |
I-15-A through I-48-A |
16 |
I-16-A through I-48-A |
17 |
I-17-A through I-48-A |
18 |
I-18-A through I-48-A |
19 |
I-19-A through I-48-A |
20 |
I-20-A through I-48-A |
21 |
I-21-A through I-48-A |
22 |
I-22-A through I-48-A |
23 |
I-23-A through I-48-A |
24 |
I-24-A through I-48-A |
25 |
I-25-A through I-48-A |
26 |
I-26-A through I-48-A |
27 |
I-27-A through I-48-A |
28 |
I-28-A through I-48-A |
29 |
I-29-A through I-48-A |
30 |
I-30-A through I-48-A |
31 |
I-31-A through I-48-A |
32 |
I-32-A through I-48-A |
33 |
I-33-A through I-48-A |
34 |
I-34-A through I-48-A |
35 |
I-35-A through I-48-A |
36 |
I-36-A through I-48-A |
37 |
I-37-A through I-48-A |
38 |
I-38-A through I-48-A |
39 |
I-39-A through I-48-A |
40 |
I-40-A through I-48-A |
41 |
I-41-A through I-48-A |
42 |
I-42-A through I-48-A |
43 |
I-43-A through I-48-A |
44 |
I-44-A through II-48-A |
45 |
I-45-A through I-48-A |
46 |
I-46-A through I-48-A |
47 |
I-47-A and I-48-A |
48 |
I-48-A |
thereafter |
$0.00 |
With respect to the Class IO Interest and any Distribution Date, an amount equal to the Uncertificated Notional Amount of the REMIC II Regular Interest LTIO.
Underwriter’s Exemption: Prohibited Transaction Exemption 2002-41, 67 Fed.Reg. 54487 (2002) (or any successor thereto), or any substantially similar administrative exemption granted by the U.S. Department of Labor.
United States Person or U.S. Person:
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(i) |
A citizen or resident of the United States; |
(ii) a corporation (or entity treated as a corporation for tax purposes) created or organized in the United States or under the laws of the United States or of any state thereof, including, for this purpose, the District of Columbia;
(iii) a partnership (or entity treated as a partnership for tax purposes) organized in the United States or under the laws of the United States or of any state thereof, including, for this purpose, the District of Columbia (unless provided otherwise by future Treasury regulations);
(iv) an estate whose income is includible in gross income for United States income tax purposes regardless of its source; or
(v) a trust, if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more U.S. Persons have authority to control all substantial decisions of the trust. Notwithstanding the last clause of the preceding sentence, to the extent provided in Treasury regulations, certain trusts in existence on August 20, 1996, and treated as U.S. Persons before that date, may elect to continue to be U.S. Persons.
Unpaid Interest Amounts: As of any Distribution Date and any Class of Certificates, the sum of
|
(a) |
the excess of |
(i) the sum of the Accrued Certificate Interest Distribution Amount for the Distribution Date and any portion of the Accrued Certificate Interest Distribution Amount from prior Distribution Dates remaining unpaid over
(ii) the amount in respect of interest on the Class of Certificates actually distributed on such Distribution Date; and
(b) interest on that excess for the related Interest Accrual Period at the applicable Pass-Through Rate (to the extent permitted by applicable law).
Unpaid Realized Loss Amount: For any Class of Subordinated Certificates and any Distribution Date, is the excess of (i) Applied Realized Loss Amounts for the Class over (ii) the sum of all distributions in reduction of Applied Realized Loss Amounts for the Class on all previous Distribution Dates and any reductions applied thereto due to the receipt of Subsequent Recoveries. Any amounts distributed to a Class of Subordinated Certificates with respect to any Unpaid Realized Loss Amount will not be applied to reduce the Class Certificate Balance of the Class.
Value: With respect to any Mortgaged Property, the value thereof as determined by an independent appraisal made at the time of the origination of the related Mortgage Loan or the sale price, if the appraisal is not available; except that, with respect to any Mortgage Loan that is a purchase money mortgage loan, the lesser of (i) the value thereof as determined by an independent appraisal made at the time of the origination of such Mortgage Loan, if any, and (ii) the sales price of the related Mortgaged Property.
Voting Rights: The portion of the voting rights of all of the Certificates that is allocated to any Certificate. As of any date of determination, (a) 1% of all Voting Rights shall be allocated to any Class C Certificates and (b) the remaining Voting Rights shall be allocated among Holders of the remaining Classes of Certificates in proportion to the Certificate Balances of their respective Certificates on the date (the Voting Rights to be allocated among the holders of Certificates of each Class in accordance with their respective Percentage Interests).
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Section 1.02 |
Rules of Construction. |
Except as otherwise expressly provided in this Agreement or unless the context clearly requires otherwise:
(a) References to designated articles, sections, subsections, exhibits, and other subdivisions of this Agreement, such as “Section 6.12 (a),” refer to the designated article, section, subsection, exhibit, or other subdivision of this Agreement as a whole
and to all subdivisions of the designated article, section, subsection, exhibit, or other subdivision. The words “herein,” “hereof,” “hereto,” “hereunder,” and other words of similar import refer to this Agreement as a whole and not to any particular article, section, exhibit, or other subdivision of this Agreement.
(b) Any term that relates to a document or a statute, rule, or regulation includes any amendments, modifications, supplements, or any other changes that may have occurred since the document, statute, rule, or regulation came into being, including changes that occur after the date of this Agreement.
(c) Any party may execute any of the requirements under this Agreement either directly or through others, and the right to cause something to be done rather than doing it directly shall be implicit in every requirement under this Agreement. Unless a provision is restricted as to time or limited as to frequency, all provisions under this Agreement are implicitly available and things may happen from time to time.
(d) The term “including” and all its variations mean “including but not limited to.” Except when used in conjunction with the word “either,” the word “or” is always used inclusively (for example, the phrase “A or B” means “A or B or both,” not “either A or B but not both”).
(e) A reference to “a [thing]” or “any [of a thing]” does not imply the existence or occurrence of the thing referred to even though not followed by “if any,” and “any [of a thing]” is any of it. A reference to the plural of anything as to which there could be either one or more than one does not imply the existence of more than one (for instance, the phrase “the obligors on a note” means “the obligor or obligors on a note”). “Until [something occurs]” does not imply that it must occur, and will not be modified by the word “unless.” The word “due” and the word “payable” are each used in the sense that the stated time for payment has passed. The word “accrued” is used in its accounting sense, i.e., an amount paid is no longer accrued. In the calculation of amounts of things, differences and sums may generally result in negative numbers, but when the calculation of the excess of one thing over another results in zero or a negative number, the calculation is disregarded and an “excess” does not exist. Portions of things may be expressed as fractions or percentages interchangeably.
(f) All accounting terms used in an accounting context and not otherwise defined, and accounting terms partly defined in this Agreement, to the extent not completely defined, shall be construed in accordance with generally accepted accounting principles. To the extent that the definitions of accounting terms in this Agreement are inconsistent with their meanings under generally accepted accounting principles, the definitions contained in this Agreement shall control. Capitalized terms used in this Agreement without definition that are defined in the Uniform Commercial Code are used in this Agreement as defined in the Uniform Commercial Code.
(g) In the computation of a period of time from a specified date to a later specified date or an open-ended period, the words “from” and “beginning” mean “from and including,” the word “after” means “from but excluding,” the words “to” and “until” mean “to but excluding,” and the word “through” means “to and including.” Likewise, in setting deadlines or other periods, “by” means “on or before.”
The words “preceding,” “following,” and words of similar import, mean immediately preceding or following. References to a month or a year refer to calendar months and calendar years.
(h) Any reference to the enforceability of any agreement against a party means that it is enforceable, subject as to enforcement against the party, to applicable bankruptcy, insolvency, reorganization, and other similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles.
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS; REPRESENTATIONS AND WARRANTIES
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Section 2.01 |
Conveyance of Mortgage Loans. |
(a) The Seller, concurrently with the execution and delivery of this Agreement, hereby transfers to the Depositor, without recourse, all the interest of the Seller in each Mortgage Loan, including all interest and principal due to the Seller on each Mortgage Loan after the Cut-off Date and all interest and principal payments on each Mortgage Loan received by the Cut-off Date for installments of interest and principal due after the Cut-off Date but not including payments of principal and interest due on each Mortgage Loan by the Cut-off Date. By the Closing Date, the Seller shall deliver to the Depositor or, at the Depositor’s direction, to the Trustee or other designee of the Depositor, the Mortgage File for each Mortgage Loan listed in the Mortgage Loan Schedule (except that, in the case of Mortgage Loans that are Delayed Delivery Mortgage Loans, such delivery may take place within five (5) Business Days of the Closing Date) as of the Closing Date. The delivery of the Mortgage Files shall be made against payment by the Depositor of the purchase price, previously agreed to by the Seller and Depositor, for the Mortgage Loans.
(b) The Depositor, concurrently with the execution and delivery of this Agreement, hereby transfers to the Trustee for the benefit of the Certificateholders, without recourse, all the interest of the Depositor in the Trust Fund, together with the Depositor’s right to require the Seller to cure any breach of a representation or warranty made in this Agreement by the Seller or to repurchase or substitute for any affected Mortgage Loan in accordance with this Agreement. The Depositor hereby directs the Supplemental Interest Trust Administrator to execute the Swap Agreement.
(c) In connection with the transfer and assignment of each Mortgage Loan, the Depositor has delivered (or, in the case of the Delayed Delivery Mortgage Loans, will deliver within the time periods specified in the definition of Delayed Delivery Mortgage Loans) to the Trustee for the benefit of the Certificateholders the following documents or instruments with respect to each Mortgage Loan so assigned:
(i) The original Mortgage Note, endorsed by manual or facsimile signature in blank in the following form: “Pay to the order of _______________ ______________without recourse,” with all intervening endorsements showing a complete chain of endorsement from the originator to the Person endorsing the Mortgage Note (each endorsement being sufficient to transfer all interest of the party so endorsing, as noteholder or assignee thereof, in that Mortgage Note) or a lost note affidavit for any Lost Mortgage Note from the Seller stating that the original Mortgage Note was lost or destroyed, together with a copy of the Mortgage Note.
(ii) Except as provided below, for each Mortgage Loan that is not a MERS Mortgage Loan, the original recorded Mortgage or a copy of such Mortgage certified by the Seller as being a true and complete copy of the Mortgage (or, in the case of a Mortgage for which the related Mortgaged Property is located in the Commonwealth of Puerto Rico, a true copy of the Mortgage certified as such by an applicable notary) and
in the case of each MERS Mortgage Loan, the original Mortgage, noting the presence of the MIN of the Mortgage Loans and either language indicating that the Mortgage Loan is a MOM Loan if the Mortgage Loan is a MOM Loan or if the Mortgage Loan was not a MOM Loan at origination, the original Mortgage and the assignment thereof to MERS, with evidence of recording indicated thereon, or a copy of the Mortgage certified by the public recording office in which such Mortgage has been recorded.
(iii) In the case of each Mortgage Loan that is not a MERS Mortgage Loan, a duly executed assignment of the Mortgage (which may be included in a blanket assignment or assignments), together with, except as provided below, all interim recorded assignments of such mortgage (each such assignment, when duly and validly completed, to be in recordable form and sufficient to effect the assignment of and transfer to the assignee thereof, under the Mortgage to which the assignment relates); provided, that if the related Mortgage has not been returned from the applicable public recording office, such assignment of the Mortgage may exclude the information to be provided by the recording office; provided, further, that such assignment of Mortgage need not be delivered in the case of a Mortgage for which the related Mortgaged Property is located in the Commonwealth of Puerto Rico.
(iv) The original or copies of each assumption, modification, written assurance, or substitution agreement.
(v) Except as provided below, the original or duplicate original lender’s title policy and all its riders.
In addition, in connection with the assignment of any MERS Mortgage Loan, the Seller agrees that it will cause, at the Seller’s expense, the MERS® System to indicate that the Mortgage Loans sold by the Seller to the Depositor have been assigned by the Seller to the Trustee in accordance with this Agreement for the benefit of the Certificateholders by including (or deleting, in the case of Mortgage Loans which are repurchased in accordance with this Agreement) in such computer files the information required by the MERS® System to identify the series of the Certificates issued in connection with such Mortgage Loans. The Seller further agrees that it will not, and will not permit the Servicer to, and the Servicer agrees that it will not, alter the information referenced in this paragraph with respect to any Mortgage Loan sold by the Seller to the Depositor during the term of this Agreement unless and until such Mortgage Loan is repurchased in accordance with the terms of this Agreement.
In the event that in connection with any Mortgage Loan that is not a MERS Mortgage Loan the Depositor cannot deliver (a) the original recorded Mortgage, (b) all interim recorded assignments or (c) the lender’s title policy (together with all riders thereto) satisfying the requirements of clause (ii), (iii) or (v) above, respectively, concurrently with the execution and delivery hereof because such document or documents have not been returned from the applicable public recording office in the case of clause (ii) or (iii) above, or because the title policy has not been delivered to either the Servicer or the Depositor by the applicable title insurer in the case of clause (v) above, the Depositor shall promptly deliver to the Trustee, in the case of clause (ii) or (iii) above, such original Mortgage or such interim assignment, as the case may be, with evidence of recording indicated thereon upon receipt thereof from the public recording office, or a copy thereof, certified, if appropriate, by the relevant recording office, but in no event shall any such delivery of the original Mortgage and each such interim assignment or a copy thereof, certified, if appropriate, by the relevant recording office, be made later than one year following the Closing Date, or, in the case of clause (v) above, no later than 120 days
following the Closing Date; provided, however, that in the event the Depositor is unable to deliver by such date each Mortgage and each such interim assignment by reason of the fact that any such documents have not been returned by the appropriate recording office, or, in the case of each such interim assignment, because the related Mortgage has not been returned by the appropriate recording office, the Depositor shall deliver such documents to the Trustee as promptly as possible upon receipt thereof and, in any event, within 720 days following the Closing Date.
The Depositor shall forward to the Trustee (a) from time to time additional original documents evidencing an assumption or modification of a Mortgage Loan and (b) any other documents required to be delivered by the Depositor or the Servicer to the Trustee. If the original Mortgage is not delivered and in connection with the payment in full of the related Mortgage Loan the public recording office requires the presentation of a “lost instruments affidavit and indemnity” or any equivalent document, because only a copy of the Mortgage can be delivered with the instrument of satisfaction or reconveyance, the Servicer shall execute and deliver the required document to the public recording office. If a public recording office retains the original recorded Mortgage or if a Mortgage is lost after recordation in a public recording office, the Seller shall deliver to the Trustee a copy of the Mortgage certified by the public recording office to be a true and complete copy of the original recorded Mortgage.
As promptly as practicable after any transfer of a Mortgage Loan under this Agreement, and in any event within thirty days after the transfer, the Trustee shall (i) affix the Trustee’s name to each assignment of Mortgage, as its assignee, and (ii) cause to be delivered for recording in the appropriate public office for real property records the assignments of the Mortgages to the Trustee, except that, if the Trustee has not received the information required to deliver any assignment of a Mortgage for recording, the Trustee shall deliver it as soon as practicable after receipt of the needed information and in any event within thirty days.
Notwithstanding the foregoing, however, for administrative convenience and facilitation of servicing and to reduce closing costs, the assignments of Mortgage shall not be required to be submitted for recording (except with respect to any Mortgage Loan located in Maryland) unless such failure to record would result in a withdrawal or a downgrading by any Rating Agency of the rating on any Class of Certificates; provided, however, that each assignment of Mortgage shall be submitted for recording by the Seller (at the direction of the Servicer) in the manner described above, at no expense to the Trust Fund or the Trustee, upon the earliest to occur of: (i) reasonable direction by the Holders of Certificates entitled to at least 25% of the Voting Rights or by the NIM Insurer, if any, (ii) [reserved], (iii) the occurrence of a bankruptcy, insolvency or foreclosure relating to the Seller, (iv) the occurrence of a servicing transfer as described in Section 7.02 hereof and (v) if the Seller is not the Servicer and with respect to any one assignment or Mortgage, the occurrence of a bankruptcy, insolvency or foreclosure relating to the Mortgagor under the related Mortgage. Notwithstanding the foregoing, if the Servicer is unable to pay the cost of recording the assignments of Mortgage, such expense shall be paid by the Trustee and shall be reimbursable out of the Distribution Account.
If any Mortgage Loans have been prepaid in full as of the Closing Date, the Depositor, in lieu of delivering the above documents to the Trustee, will deposit in the Certificate Account the portion of the prepayment that is required to be deposited in the Certificate Account pursuant to Section 3.06.
Notwithstanding anything to the contrary in this Agreement, within five (5) Business Days after the Closing Date, the Seller shall either:
(i) deliver to the Trustee the Mortgage File as required pursuant to this Section 2.01 for each Delayed Delivery Mortgage Loan; or
(ii) (A) repurchase the Delayed Delivery Mortgage Loan or (B) substitute the Delayed Delivery Mortgage Loan for a Substitute Mortgage Loan, which repurchase or substitution shall be accomplished in the manner and subject to the conditions in Section 2.03.
The Trustee shall, in accordance with Section 2.02, send a Delayed Delivery Certification substantially in the form of Exhibit G-2 (with any applicable exceptions noted thereon) for all Delayed Delivery Mortgage Loans delivered within 30 days of receipt of the related Mortgage Files. The Trustee will promptly send a copy of such Delayed Delivery Certification to each Rating Agency. If the Seller fails to deliver a Mortgage File for any Delayed Delivery Mortgage Loan within the period specified herein, the Seller shall use its best reasonable efforts to effect a substitution, rather than a repurchase of, any Deleted Mortgage Loan. The cure period provided for in Section 2.02 or in Section 2.03 shall not apply to the initial delivery of the Mortgage File for such Delayed Delivery Mortgage Loan, but rather the Seller shall have five (5) Business Days to cure such failure to deliver. At the end of such period, the Trustee shall send a Delayed Delivery Certification for the Delayed Delivery Mortgage Loans delivered during such period in accordance with the provisions of Section 2.02.
The Seller agrees to treat the transfer of the Mortgage Loans to the Depositor as a sale for all tax, accounting, and regulatory purposes.
It is agreed and understood by the parties hereto that it is not intended that any Mortgage Loan be included in the Trust Fund that is a “High-Cost Home Loan” (or any other similarly designated loan) as defined in the New Jersey Home Ownership Act effective November 27, 2003, The Home Loan Protection Act of New Mexico effective January 1, 2004, The Massachusetts Predatory Home Loan Practices Act effective November 7, 2004 or The Indiana Home Loan Practices Act effective January 1, 2005.
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Section 2.02 |
Acceptance by the Trustee of the Mortgage Loans. |
The Trustee acknowledges receipt of the documents identified in the Initial Certification in the form of Exhibit G-1 and declares that it holds and will hold such documents and the other documents delivered to it constituting the Mortgage Files for the Mortgage Loans, and that it holds or will hold such other assets as are included in the Trust Fund, in trust for the exclusive use and benefit of all present and future Certificateholders. The Trustee acknowledges that it will maintain possession of the related Mortgage Notes in the State of California, unless otherwise permitted by the Rating Agencies.
The Trustee agrees to execute and deliver on the Closing Date to the Depositor, the Servicer and the Seller an Initial Certification in the form of Exhibit G-1. Based on its review and examination, and only as to the documents identified in the Initial Certification, the Trustee acknowledges that the documents appear regular on their face and relate to the Mortgage Loans. The Trustee shall be under no duty to inspect, review, or examine said documents, instruments, certificates, or other papers to determine that the same are genuine, enforceable, or appropriate for the represented purpose or that they have actually been recorded in the real estate records or that they are other than what they purport to be on their face.
By the thirtieth day after the Closing Date (or if that day is not a Business Day, the succeeding Business Day), the Trustee shall deliver to the Depositor, the Servicer and the Seller a Delayed Delivery Certification with respect to the Mortgage Loans, substantially in the form of Exhibit G-2, with any applicable exceptions noted thereon.
Not later than ninety (90) days after the Closing Date, the Trustee shall deliver to the Depositor, the Servicer and the Seller a Final Certification in the form of Exhibit H, with any applicable exceptions noted thereon.
If, in the course of its review, the Trustee finds any document constituting a part of a Mortgage File that does not meet the requirements of Section 2.01, the Trustee shall list such as an exception in the Final Certification. The Trustee shall not make any determination as to whether (i) any endorsement is sufficient to transfer all interest of the party so endorsing, as noteholder or assignee thereof, in that Mortgage Note or (ii) any assignment is in recordable form or is sufficient to effect the assignment of and transfer to the assignee thereof under the mortgage to which the assignment relates. The Seller shall promptly correct any such defect within ninety (90) days from the date it was so notified of the defect and, with respect to any Mortgage Loan for which such defect is materially adverse to the Certificateholders, if the Seller does not correct such defect within that period, the Seller shall either (a) substitute for the related Mortgage Loan a Substitute Mortgage Loan, which substitution shall be accomplished pursuant to Section 2.03, or (b) purchase the Mortgage Loan at its Purchase Price from the Trustee within ninety (90) days from the date the Seller was notified of the defect in writing.
If a substitution or purchase of a Mortgage Loan pursuant to this provision is required because of a delay in delivery of any documents by the appropriate recording office, or there is a dispute between either the Servicer or the Seller and the Trustee over the location or status of the recorded document, then the substitution or purchase shall occur within 720 days from the Closing Date. In no other case may a substitution or purchase occur more than 540 days from the Closing Date.
The Trustee shall deliver written notice to each Rating Agency within 270 days from the Closing Date indicating each Mortgage Loan (a) that has not been returned by the appropriate recording office or (b) as to which there is a dispute as to location or status of the Mortgage Loan. The notice shall be delivered every ninety (90) days thereafter until the related Mortgage Loan is returned to the Trustee. Any substitution pursuant to (a) above or purchase pursuant to (b) above shall not be effected before the delivery to the Trustee of an Opinion of Counsel, if required by Section 2.05, and any substitution pursuant to (a) above shall not be effected before the additional delivery to the Trustee of a Request for Release substantially in the form of Exhibit N. No substitution is permitted to be made in any calendar month after the Determination Date for the month.
The Purchase Price for any Mortgage Loan shall be deposited by the Seller in the Certificate Account by the Distribution Account Deposit Date for the Distribution Date in the month following the month of repurchase and, upon receipt of the deposit and certification with respect thereto in the form of Exhibit N, the Trustee shall release the related Mortgage File to the Seller and shall execute and deliver at the Seller’s request any instruments of transfer or assignment prepared by the Seller, in each case without recourse, necessary to vest in the Seller, or a designee, the Trustee’s interest in any Mortgage Loan released pursuant hereto.
If pursuant to the foregoing provisions the Seller repurchases a Mortgage Loan that is a MERS Mortgage Loan, the Servicer shall either (i) cause MERS to execute and deliver an
assignment of the Mortgage in recordable form to transfer the Mortgage from MERS to the Seller and shall cause such Mortgage to be removed from registration on the MERS® System in accordance with MERS’ rules and regulations or (ii) cause MERS to designate on the MERS® System the Seller as the beneficial holder of such Mortgage Loan.
The Trustee shall retain possession and custody of each Mortgage File in accordance with and subject to the terms and conditions herein. The Servicer shall promptly deliver to the Trustee, upon the execution or receipt thereof, the originals of such other documents or instruments constituting the Mortgage File as come into the possession of the Servicer from time to time.
The obligation of the Seller to substitute for or to purchase any Mortgage Loan that does not meet the requirements of Section 2.01 shall constitute the sole remedy respecting the defect available to the Trustee, the Depositor, and any Certificateholder against the Seller.
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Section 2.03 |
Representations, Warranties, and Covenants of the |
Seller and the Servicer.
(a) IndyMac, in its capacities as Seller and Servicer, hereby makes the representations and warranties in Schedule II, and by this reference incorporated herein, to the Depositor, the Trustee and the Supplemental Interest Trust Administrator, as of the Closing Date. The Servicer will fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (i.e., favorable and unfavorable) on its credit files for the related Mortgagor for each Mortgage Loan to Equifax, Experian and Trans Union Credit Information Company on a monthly basis.
(b) The Seller, in its capacity as Seller, hereby makes the representations and warranties in Schedule III, and by this reference incorporated herein, to the Depositor the Trustee and the Supplemental Interest Trust Administrator, as of the Closing Date, or if so specified therein, as of the Cut-off Date.
(c) Upon discovery by any of the parties hereto of a breach of a representation or warranty made pursuant to Section 2.03(b) that materially and adversely affects the interests of the Certificateholders in any Mortgage Loan, the party discovering such breach shall give prompt notice thereof to the other parties and to the NIM Insurer. A breach of the representation or warranty made pursuant to clauses (29), (30), (34), (35), (36), (37), (38) and (39) of Schedule III or a breach of the covenant of the Servicer made pursuant to clause (a) above will be deemed to materially and adversely affect the interests of the Certificateholders in the related Mortgage Loan. The Seller hereby covenants that within ninety (90) days of the earlier of its discovery or its receipt of written notice from any party of a breach of any representation or warranty made pursuant to Section 2.03(b) that materially and adversely affects the interests of the Certificateholders in any Mortgage Loan, it shall cure such breach in all material respects, and if such breach is not so cured, shall: (i) if the 90 day period expires before the second anniversary of the Closing Date, remove the Mortgage Loan (a “Deleted Mortgage Loan”) from the Trust Fund and substitute in its place a Substitute Mortgage Loan, in accordance with this Section 2.03; or (ii) repurchase the affected Mortgage Loan or Mortgage Loans from the Trustee at the Purchase Price in the manner stated below. Any substitution pursuant to (i) above shall not be effected before the delivery to the Trustee of the Opinion of Counsel, if required by Section 2.05, and a Request for Release substantially in the form of Exhibit N, and the Mortgage File for any Substitute Mortgage Loan. The Seller shall promptly reimburse the Servicer and the
Trustee for any expenses reasonably incurred by the Servicer or the Trustee in respect of enforcing the remedies for the breach.
With respect to any Substitute Mortgage Loan or Loans, the Seller shall deliver to the Trustee for the benefit of the Certificateholders the Mortgage Note, the Mortgage, the related assignment of the Mortgage, and any other documents and agreements required by Section 2.01, with the Mortgage Note endorsed and the Mortgage assigned as required by Section 2.01. No substitution is permitted to be made in any calendar month after the Determination Date for the month. Scheduled Payments due with respect to Substitute Mortgage Loans in the Remittance Period of substitution shall not be part of the Trust Fund and will be retained by the Seller on the next Distribution Date. For the Remittance Period of substitution, distributions to Certificateholders will include the monthly payment due on any Deleted Mortgage Loan for the Remittance Period and thereafter the Seller shall be entitled to retain all amounts received with respect to the Deleted Mortgage Loan.
The Servicer shall amend the Mortgage Loan Schedule for the benefit of the Certificateholders to reflect the removal of the Deleted Mortgage Loan and the substitution of the Substitute Mortgage Loans and the Servicer shall deliver the amended Mortgage Loan Schedule to the Trustee. Upon the substitution, the Substitute Mortgage Loans shall be subject to this Agreement in all respects, and the Seller shall be deemed to have made with respect to the Substitute Mortgage Loans, as of the date of substitution, the representations and warranties made pursuant to Section 2.03(b) with respect to the Mortgage Loan. Upon any substitution and the deposit to the Certificate Account of the amount required to be deposited therein in connection with the substitution as described in the following paragraph, the Trustee shall release the Mortgage File held for the benefit of the Certificateholders relating to the Deleted Mortgage Loan to the Seller and shall execute and deliver at the Seller’s direction such instruments of transfer or assignment prepared by the Seller, in each case without recourse, as shall be necessary to vest title in the Seller, or its designee, the Trustee’s interest in any Deleted Mortgage Loan substituted for pursuant to this Section 2.03.
For any month in which the Seller substitutes one or more Substitute Mortgage Loans for one or more Deleted Mortgage Loans, the Servicer will determine the amount by which the aggregate principal balance of all such Substitute Mortgage Loans as of the date of substitution is less than the aggregate Stated Principal Balance of all the Deleted Mortgage Loans (after application of the scheduled principal portion of the monthly payments due in the Remittance Period of substitution and any adjustments due to any costs or damages incurred by the Trust Fund in connection with any violation of the Mortgage Loan of any predatory or abusive lending law). The amount of the shortage (the “Substitution Adjustment Amount”) plus, if the Seller is not the Servicer, the aggregate of any unreimbursed Advances and Servicing Advances with respect to the Deleted Mortgage Loans, shall be deposited into the Certificate Account by the Seller by the Distribution Account Deposit Date for the Distribution Date in the month succeeding the calendar month during which the related Mortgage Loan became required to be purchased or replaced hereunder.
If the Seller repurchases a Mortgage Loan, the Purchase Price therefor shall be deposited in the Certificate Account pursuant to Section 3.06 by the Distribution Account Deposit Date for the Distribution Date in the month following the month during which the Seller became obligated hereunder to repurchase or replace the Mortgage Loan and upon such deposit of the Purchase Price, the delivery of the Opinion of Counsel required by Section 2.05 and receipt of a Request for Release in the form of Exhibit N, the Trustee shall release the related Mortgage File held for the benefit of the Certificateholders to such Person, and the
Trustee shall execute and deliver at such Person’s direction such instruments of transfer or assignment prepared by such Person, in each case without recourse, as shall be necessary to transfer title from the Trustee. The obligation under this Agreement of any Person to cure, repurchase, or replace any Mortgage Loan as to which a breach has occurred and is continuing shall constitute the sole remedy against the Person respecting the breach available to Certificateholders, the Depositor, the Trustee or the Supplemental Interest Trust Administrator on their behalf.
The representations and warranties made pursuant to this Section 2.03 shall survive delivery of the respective Mortgage Files to the Trustee for the benefit of the Certificateholders.
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Section 2.04 |
Representations and Warranties of the Depositor as to |
the Mortgage Loans.
The Depositor hereby represents and warrants to the Trustee and the Supplemental Interest Trust Administrator with respect to each Mortgage Loan as of the date hereof or such other date set forth herein that as of the Closing Date, and following the transfer of the Mortgage Loans to it by the Seller, the Depositor had good title to the Mortgage Loans and the Mortgage Notes were subject to no offsets, defenses, or counterclaims.
The Depositor hereby transfers to the Trustee all of its rights with respect to the Mortgage Loans, including the representations and warranties of the Seller made pursuant to Section 2.03(b), together with all rights of the Depositor to require the Seller to cure any breach thereof or to repurchase or substitute for any affected Mortgage Loan in accordance with this Agreement.
The representations and warranties in this Section 2.04 shall survive delivery of the Mortgage Files to the Trustee. Upon discovery by the Depositor, the Trustee or the Supplemental Interest Trust Administrator of any breach of any of the representations and warranties in this Section that materially and adversely affects the interest of the Certificateholders, the party discovering the breach shall give prompt written notice to the others, the NIM Insurer, and to each Rating Agency. If the NIM Insurer discovers such a breach, it may notify the parties to this Agreement and each Rating Agency.
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Section 2.05 |
Delivery of Opinion of Counsel in Connection with |
Substitutions and Repurchases.
(a) Notwithstanding any contrary provision of this Agreement, no substitution pursuant to Section 2.01, 2.02, 2.03 or 2.05 shall be made more than ninety (90) days after the Closing Date unless the Seller delivers to the Trustee an Opinion of Counsel, which Opinion of Counsel shall not be at the expense of either the Trustee or the Trust Fund, addressed to the Trustee, to the effect that such substitution will not (i) result in the imposition of the tax on “prohibited transactions” on the Trust Fund or contributions after the Startup Date, as defined in Sections 860F(a)(2) and 860G(d) of the Code, respectively, or (ii) cause any REMIC created under this Agreement to fail to qualify as a REMIC at any time that any Certificates are outstanding.
(b) Upon discovery by the Depositor, the Seller, the Servicer or the Trustee that any Mortgage Loan does not constitute a “qualified mortgage” within the meaning of Section 860G(a)(3) of the Code, the party discovering such fact shall promptly (and in any event within five (5) Business Days of discovery) give written notice thereof to the other parties and the NIM Insurer. If the NIM Insurer discovers such facts, it may notify the parties to this Agreement. In
connection therewith, the Trustee shall require the Seller, at the Seller’s option, to either (i) substitute, if the conditions in Section 2.03(c) with respect to substitutions are satisfied, a Substitute Mortgage Loan for the affected Mortgage Loan, or (ii) repurchase the affected Mortgage Loan within ninety (90) days of such discovery in the same manner as it would a Mortgage Loan for a breach of representation or warranty made pursuant to Section 2.03. The Trustee shall reconvey to the Seller the Mortgage Loan to be released pursuant hereto in the same manner, and on the same terms, as it would a Mortgage Loan repurchased for breach of a representation or warranty contained in Section 2.03.
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Section 2.06 |
Execution and Delivery of Certificates. |
The Trustee acknowledges the transfer and assignment to it of the Trust Fund and, concurrently with the transfer and assignment, has executed and delivered to or upon the order of the Depositor, the Certificates in authorized denominations evidencing directly or indirectly the entire ownership of the Trust Fund. The Trustee agrees to hold the Trust Fund and exercise the rights referred to above for the benefit of all present and future Holders of the Certificates.
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Section 2.07 |
Reserved. |
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Section 2.08 |
REMIC Matters. |
The Preliminary Statement sets forth the designations and “latest possible maturity date” for federal income tax purposes of all interests created hereby.
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(A) |
Issuance of the REMIC I Regular Interests and the Class R-I Interest. |
The Trustee acknowledges the assignment to it of the Mortgage Loans and the delivery to it of the Mortgage Files, subject to the provisions of Section 2.01 and Section 2.02, together with the assignment to it of all other assets included in REMIC I, the receipt of which is hereby acknowledged. Concurrently with such assignment and delivery and in exchange therefor, the Trustee, pursuant to the written request of the Depositor executed by an officer of the Depositor, has executed, authenticated and delivered to or upon the order of the Depositor, the Class R-I Interest in authorized denominations. The interests evidenced by the Class R-I Interest, together with the REMIC I Regular Interests, constitute the entire beneficial ownership interest in REMIC I. The rights of the Class R Certificateholders and REMIC II (as holder of the REMIC I Regular Interests) to receive distributions from the proceeds of REMIC I in respect of the Class R-I Interest and the REMIC I Regular Interests, respectively, and all ownership interests evidenced or constituted by the Class R-I Interest and the REMIC I Regular Interests, shall be as set forth in this Agreement.
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(B) |
Conveyance of the REMIC I Regular Interests; REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V and REMIC VI by the Trustee. |
(i) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee, without recourse, all the right, title and interest of the Depositor in and to the assets described in the definition of REMIC I for the benefit of the Holders of the REMIC I Regular Interests (which are uncertificated) and the Class R Certificates (in respect of the Class R-I Interest). The Trustee
acknowledges receipt of the assets described in the definition of REMIC I and declares that it holds and shall hold the same in trust for the exclusive use and benefit of the Holders of the REMIC I Regular Interests and the Class R Certificates (in respect of the Class R-I Interest). The interests evidenced by the Class R-I Interest, together with the REMIC I Regular Interests, constitute the entire beneficial ownership interest in REMIC I.
(ii) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest in and to the REMIC I Regular Interests (which are uncertificated) and the Class R Certificates (in respect of the Class R-I Interest). The Trustee acknowledges receipt of the REMIC I Regular Interests and declares that it holds and shall hold the same in trust for the exclusive use and benefit of the Holders of the REMIC II Regular Interests and the Class R Certificates (in respect of the Class R-II Interest). The interests evidenced by the Class R-II Interest, together with the REMIC II Regular Interests, constitute the entire beneficial ownership interest in REMIC II.
(iii) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest in and to the REMIC II Regular Interests (which are uncertificated) for the benefit of the Holders of the Class A Certificates, Subordinated Certificates, the Class IO Interest, the Class C Interest, the Class P Interest and the Class R Certificates (in respect of the Class R-III Interest). The Trustee acknowledges receipt of the REMIC II Regular Interests and declares that it holds and shall hold the same in trust for the exclusive use and benefit of the Holders of the Class A Certificates, Subordinated Certificates, the Class IO Interest, the Class C Interest, the Class P Interest and the Class R Certificates (in respect of the Class R-IV Interest). The interests evidenced by the Class R-III Interest, together with the Class A Certificates, Subordinated Certificates, the Class IO Interest, the Class C Interest and the Class P Interest, constitute the entire beneficial ownership interest in REMIC III.
(iv) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest in and to the Class C Interest (which is uncertificated) for the benefit of the Holders of the Class C Certificates and the Class R-X Certificates (in respect of the Class R-IV Interest). The Trustee acknowledges receipt of the Class C Interest and declares that it holds and shall hold the same in trust for the exclusive use and benefit of the Holders of the Class C Certificates and the Class R-X Certificates (in respect of the Class R-IV Interest). The interests evidenced by the Class R-IV Interest, together with the Class C Certificates, constitute the entire beneficial ownership interest in REMIC IV.
(v) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest in and to the Class P Interest (which is uncertificated) for the benefit of the Holders of the Class P Certificates and the Class R-X Certificates (in respect of the Class R-V Interest). The Trustee acknowledges receipt of the Class P Interest and declares that it holds and shall hold the same in trust for the exclusive use and benefit of the Holders of the Class P Certificates and the Class R-X Certificates (in respect of the Class R-V Interest). The interests evidenced by the Class R-V Interest, together with the Class P Certificates, constitute the entire beneficial ownership interest in REMIC V.
(vi) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all
the right, title and interest in and to the Class IO Interest (which is uncertificated) for the benefit of the Holders of the REMIC VI Regular Interest SWAP IO (which is uncertificated) and the Class R-X Certificates (in respect of the Class R-VI Interest). The Trustee acknowledges receipt of the Class IO Interest and declares that it holds and shall hold the same in trust for the exclusive use and benefit of the Holders of the REMIC VI Regular Interest SWAP IO and the Class R-X Certificates (in respect of the Class R-VI Interest). The interests evidenced by the Class R-VI Interest, together with the REMIC VI Regular Interest SWAP IO, constitute the entire beneficial ownership interest in REMIC VI.
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(C) |
Issuance of Class R and Class R-X Certificates. |
The Trustee acknowledges the assignment to it of the REMIC I Regular Interests and, concurrently therewith and in exchange therefor, pursuant to the written request of the Depositor executed by an officer of the Depositor or the Trustee has executed, authenticated and delivered to or upon the order of the Depositor, the Class R Certificates in authorized denominations. The interests evidenced by the Class R and Class R-X Certificates, together with the REMIC I Regular Interests, the REMIC II Regular Interests, the REMIC III Regular Interests, the REMIC IV Regular Interests, the REMIC V Regular Interests and the REMIC VI Regular Interest SWAP IO, constitute the entire beneficial ownership interest in REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V and REMIC VI.
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Section 2.09 |
Covenants of the Servicer. |
The Servicer hereby covenants to the Depositor and the Trustee as follows:
(a) the Servicer shall comply in the performance of its obligations under this Agreement with all reasonable rules and requirements of the insurer under each Required Insurance Policy; and
(b) no written information, certificate of an officer, statement furnished in writing or written report delivered to the Depositor, any affiliate of the Depositor, the NIM Insurer, the Trustee or the Supplemental Interest Trust Administrator and prepared by the Servicer pursuant to this Agreement will contain any untrue statement of a material fact or omit to state a material fact necessary to make such information, certificate, statement, or report not misleading.
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Section 2.10 |
Purposes and Powers of the Trust |
The purpose of the common law trust, as created hereunder, is to engage in the following activities:
(a) to acquire and hold the Mortgage Loans and the other assets of the Trust Fund and the proceeds therefrom;
(b) to issue the Certificates sold to the Depositor in exchange for the Mortgage Loans;
(c) to make payments on the Certificates;
(d) to engage in those activities that are necessary, suitable or convenient to accomplish the foregoing or are incidental thereto or connected therewith; and
(e) subject to compliance with this Agreement, to engage in such other activities as may be required in connection with conservation of the Trust Fund and the making of distributions to the Certificateholders.
The Trust is hereby authorized to engage in the foregoing activities. The Trustee and the Servicer shall not cause the Trust to engage in any activity other than in connection with the foregoing or other than as required or authorized by the terms of this Agreement while any Certificate is outstanding, and this Section 2.10 may not be amended, without the consent of the Certificateholders evidencing 66 2/3% or more of the aggregate Voting Rights of the Certificates.
ARTICLE III
ADMINISTRATION AND SERVICING OF MORTGAGE LOANS
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Section 3.01 |
Servicer to Service Mortgage Loans. |
For and on behalf of the Certificateholders, the Servicer shall service and administer the Mortgage Loans in accordance with this Agreement and the Servicing Standard.
The Servicer shall not make or permit any modification, waiver, or amendment of any term of any Mortgage Loan that would cause the Trust Fund to fail to qualify as a REMIC or result in the imposition of any tax under Section 860F(a) or Section 860G(d) of the Code.
Without limiting the generality of the foregoing, the Servicer, in its own name or in the name of the Depositor and the Trustee, is hereby authorized and empowered by the Depositor and the Trustee, when the Servicer believes it appropriate in its reasonable judgment, to execute and deliver, on behalf of the Trustee, the Depositor, the Certificateholders, or any of them, any instruments of satisfaction or cancellation, or of partial or full release or discharge, and all other comparable instruments, with respect to the Mortgage Loans, and with respect to the Mortgaged Properties held for the benefit of the Certificateholders. The Servicer shall prepare and deliver to the Depositor or the Trustee any documents requiring execution and delivery by either or both of them appropriate to enable the Servicer to service and administer the Mortgage Loans to the extent that the Servicer is not permitted to execute and deliver such documents pursuant to the preceding sentence. Upon receipt of the documents, the Depositor or the Trustee shall execute the documents and deliver them to the Servicer.
The Servicer further is authorized and empowered by the Trustee, on behalf of the Certificateholders and the Trustee, in its own name, when the Servicer believes it appropriate in its best judgment to register any Mortgage Loan on the MERS® System, or cause the removal from the registration of any Mortgage Loan on the MERS® System, to execute and deliver, on behalf of the Trustee and the Certificateholders or any of them, any and all instruments of assignment and other comparable instruments with respect to such assignment or re-recording of a Mortgage in the name of MERS, solely as nominee for the Trustee and its successors and assigns.
In accordance with and to the extent of the Servicing Standard, the Servicer shall advance funds necessary to effect the payment of taxes and assessments on the Mortgaged Properties, which advances shall be reimbursable in the first instance from related collections from the Mortgagors pursuant to Section 3.07, and further as provided in Section 3.09. The costs incurred by the Servicer in effecting the timely payments of taxes and assessments on the Mortgaged Properties and related insurance premiums shall not, for the purpose of calculating monthly distributions to the Certificateholders, be added to the Stated Principal Balances of the related Mortgage Loans, notwithstanding that the Mortgage Loans so permit.
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Section 3.02 |
Reserved. |
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Section 3.03 |
[Reserved]. |
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Section 3.04 |
[Reserved]. |
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Section 3.05 |
Trustee to Act as Servicer. |
If the Servicer for any reason is no longer the Servicer hereunder (including because of an Event of Default), the Trustee or its successor shall thereupon assume all of the rights and obligations of the Servicer hereunder arising thereafter, except that the Trustee shall not be:
(i) liable for losses of the Servicer pursuant to Section 3.10 or any acts or omissions of the predecessor Servicer hereunder,
(ii) obligated to make Advances if it is prohibited from doing so by applicable law,
(iii) obligated to effectuate repurchases or substitutions of Mortgage Loans hereunder, including repurchases or substitutions pursuant to Section 2.01, 2.02, 2.03 or 2.05,
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(iv) |
responsible for expenses of the Servicer pursuant to Section 2.03, or |
(v) deemed to have made any representations and warranties of the Servicer hereunder. Any assumption shall be subject to Section 7.02.
Notwithstanding anything else in this Agreement to the contrary, in no event shall the Trustee be liable for any servicing fee or for any differential in the amount of the servicing fee paid under this Agreement and the amount necessary to induce any successor Servicer to act as successor Servicer under this Agreement and the transactions provided for in this Agreement.
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Section 3.06 |
Collection of Mortgage Loan Payments; Servicing |
Accounts; Collection Account; Certificate Account;
Distribution Account; Excess Reserve Fund Account.
(a) In accordance with and to the extent of the Servicing Standard, the Servicer shall make reasonable efforts in accordance with the customary and usual standards of practice of prudent mortgage servicers to collect all payments called for under the Mortgage Loans to the extent the procedures are consistent with this Agreement and any related Required Insurance Policy. Consistent with the foregoing, the Servicer may in its discretion (i) waive any late payment charge or, subject to Section 3.20, any Prepayment Charge or penalty interest in connection with the prepayment of a Mortgage Loan, (ii) modify any delinquent or defaulted Mortgage Loan (including modifications that change the Mortgage Rate, forgive the payment of principal or interest or extend the final maturity date of that Mortgage Loan); provided, that such modification is consistent with the Servicing Standard and if in the Servicer’s determination such modification is not materially adverse to the interests of the Certificateholders (taking into account any estimated loss that might result absent such action) and is expected to minimize the loss of such Mortgage Loan; provided, however, that the Servicer shall not initiate new lending to such Mortgagor through the Trust, and (iii) extend the due dates for payments due on a Mortgage Note for a period not greater than 125 days. However, the Servicer cannot extend the maturity of any Mortgage Loan past the date on which the final payment is due on the latest maturing Mortgage Loan as of the Cut-off Date. In the event of any such arrangement, the Servicer shall make Advances on the related Mortgage Loan in accordance with Section 4.01 during the scheduled period in accordance with the amortization schedule of the Mortgage Loan without modification thereof because of the arrangements. In addition, the NIM Insurer’s prior written consent shall be required for any modification, waiver, or amendment if the amendment of the aggregate number of outstanding Mortgage Loans that have been modified, waived, and amended exceeds 5% of the aggregate number of Mortgage Loans. The Servicer shall not be required to institute or join in litigation with respect to collection of any payment (whether under a Mortgage, Mortgage Note, or
otherwise or against any public or governmental authority with respect to a taking or condemnation) if it reasonably believes that enforcing the provision of the Mortgage or other instrument pursuant to which the payment is required is prohibited by applicable law. The Servicer shall not sell any delinquent or defaulted Mortgage Loan.
(b) The Servicer shall establish and maintain one or more Servicing Accounts into which the Servicer shall deposit on a daily basis within one (1) Business Day of receipt, the following payments and collections received by it in respect of Mortgage Loans after the Cut-off Date (other than in respect of principal and interest due on the Mortgage Loans by the Cut-off Date):
(i) all payments on account of principal on the Mortgage Loans, including Principal Prepayments;
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(ii) |
all payments on account of interest on the Mortgage Loans; and |
(iii) all Insurance Proceeds, Liquidation Proceeds and Subsequent Recoveries, other than proceeds to be applied to the restoration or repair of the Mortgaged Property or released to the Mortgagor in accordance with the Servicer’s normal servicing procedures.
By the Determination Date in each calendar month, the Servicer shall (a) withdraw from the Servicing Account all amounts on deposit therein pursuant to clauses (i) and (ii) above (other than amounts attributable to a Principal Prepayment in Full) and (b) deposit such amounts in the Collection Account. By the Business Day in each calendar month following the deposit in the Servicing Account of amounts on deposit therein pursuant to clause (iii) above or pursuant to any Principal Prepayment in Full, the Servicer shall (a) withdraw such amounts from the Servicing Account and (b) deposit such amounts in the Collection Account.
(c) The Servicer shall establish and maintain a segregated Collection Account into which the Servicer shall deposit, as and when required by paragraph (b) of this Section 3.06, all amounts required to be deposited into the Collection Account pursuant to that paragraph.
(d) The Servicer shall establish and maintain a segregated Certificate Account into which the Servicer shall deposit on a daily basis (i) within one (1) Business Day of deposit in the Collection Account (in the case of items (i) through (iii) below) and (2) within one (1) Business Day of receipt (in the case of all other items), except as otherwise specified herein, the following payments and collections received by it in respect of Mortgage Loans after the Cut-off Date (other than in respect of principal and interest due on the Mortgage Loans by the Cut-off Date) and the following amounts required to be deposited hereunder:
(i) all payments on account of principal on the Mortgage Loans, including Principal Prepayments;
(ii) all payments on account of interest on the Mortgage Loans, net of the related Servicing Fee;
(iii) all Insurance Proceeds, Subsequent Recoveries and Liquidation Proceeds, other than proceeds to be applied to the restoration or repair of the Mortgaged Property or released to the Mortgagor in accordance with the Servicer’s normal servicing procedures;
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(iv) |
[reserved]; |
(v) any amounts required to be deposited by the Servicer pursuant to Sections 3.12 and 3.14;
(vi) all Purchase Prices received from the Servicer or Seller and all Substitution Adjustment Amounts;
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(vii) |
all Advances made by the Servicer pursuant to Section 4.01; | ||
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(viii) |
any other amounts required to be deposited hereunder; and |
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(ix) |
all Prepayment Charges collected. |
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In addition, with respect to any Mortgage Loan that is subject to a buydown agreement, on each Due Date for the Mortgage Loan, in addition to the monthly payment remitted by the related Mortgagor, the Servicer shall cause funds to be deposited into the Certificate Account in an amount required to cause an amount of interest to be paid with respect to the Mortgage Loan equal to the amount of interest that has accrued on the Mortgage Loan from the preceding Due Date at the Mortgage Rate net of the Servicing Fee on that date.
The foregoing requirements for remittance by the Servicer shall be exclusive. Without limiting the generality of the foregoing, payments in the nature of late payment charges or assumption fees, if collected, need not be remitted by the Servicer. If the Servicer remits any amount not required to be remitted, it may at any time withdraw that amount from the Certificate Account, any provision herein to the contrary notwithstanding. The withdrawal or direction may be accomplished by delivering written notice of it to the Trustee or any other institution maintaining the Certificate Account that describes the amounts deposited in error in the Certificate Account. The Servicer shall maintain adequate records with respect to all withdrawals made pursuant to this Section 3.06. All funds deposited in the Certificate Account shall be held in trust for the Certificateholders until withdrawn in accordance with Section 3.09.
The Trustee shall establish and maintain the Excess Reserve Fund Account, on behalf of the Class C Certificateholder, to secure its limited recourse obligation to pay to the other Certificateholders Net WAC Cap Carry Forward Amounts.
On each Distribution Date, the Trustee shall deposit the amount of any Net WAC Cap Carry Forward Amount for that date into the Excess Reserve Fund Account.
The Trustee shall invest amounts held in the Excess Reserve Fund Account only in Permitted Investments, which shall mature not later than the Business Day preceding the next Distribution Date (except that if such Permitted Investment is an obligation of the institution that maintains such account, then such Permitted Investment shall mature not later than the next Distribution Date) and, in each case, shall not be sold or disposed of before its maturity. The Servicer shall direct the Trustee in writing with respect to investment of amounts in the Excess Reserve Fund Account.
On each Distribution Date on which a Net WAC Cap Carry Forward Amount exists for any Class of Certificates, the Trustee shall withdraw from the Excess Reserve Fund Account amounts necessary to pay to the Class of Certificates the Net WAC Cap Carry Forward Amount. Such payments shall be allocated to those Classes as provided in Section 4.02(IV).
Any Net WAC Cap Carry Forward Amounts paid by the Trustee to the Certificateholders shall be accounted for by the Trustee as amounts distributed by REMIC IV to the Holder of the Class C Interest and by REMIC V to the Class C Certificateholder (and from the Class C Certificateholder to the Excess Reserve Fund Account) for all federal income tax purposes. In addition, the Trustee shall account for the Certificateholders’ rights to receive payments of Net WAC Cap Carry Forward Amounts as rights in a limited recourse interest rate cap contract written by the Class C Certificateholder in favor of the other Certificateholders.
The Trustee shall account for the Excess Reserve Fund Account as an outside reserve fund within the meaning of Treasury Regulation Section 1.860G-2(h) and not an asset of any REMIC created pursuant to this Agreement. It is the intention of the parties hereto that, for federal and state income and state and local franchise tax purposes, the Excess Reserve Fund Account be disregarded as an entity separate from the Holder of the Class C Certificates unless and until the date when either (a) there is more than one Class C Certificateholder or (b) any Class of Certificates in addition to the Class C Certificates is recharacterized as an equity interest in the Excess Reserve Fund Account for federal income tax purposes, in which case it is the intention of the parties hereto that, for federal and state income and state and local franchise tax purposes, the Excess Reserve Fund Account be treated as a grantor trust. The Trustee shall treat amounts deposited into the Excess Reserve Fund Account as amounts distributed by REMIC IV to the Holder of the Class C Interest and by REMIC V to the Class C Certificateholder (and from the Class C Certificateholder to the Excess Reserve Fund Account) for all federal income tax purposes. Accordingly, each Class of Certificates, other than the Class C Certificate, the Class P Certificate, the Class R Certificate and the Class R-X Certificate, will comprise two components – a REMIC Regular Interest and an interest in a cap contract. The Trustee shall allocate the issue price for a Class of Certificates between two components for purposes of determining the issue price of the REMIC Regular Interest component. The Excess Reserve Fund Account will be part of the Trust but not part of any REMIC and any payments to the Holders of the Class A and Subordinate Certificates of Net WAC Cap Carry Forward Amounts will not be payments with respect to a “regular interest” in a REMIC within the meaning of Code Section 860(G)(a)(1).
By accepting a Class C Certificate, each Class C Certificateholder hereby agrees to direct the Trustee, and the Trustee hereby is directed, to deposit into the Excess Reserve Fund Account the amounts described above on each Distribution Date as to which there is any Net WAC Cap Carry Forward Amount rather than distributing such amount to the Class C Certificateholders. By accepting a Class C Certificate, each Class C Certificateholder further agrees that such direction is given for good and valuable consideration, the receipt and sufficiency of which is acknowledged by such acceptance.
For federal tax return and information reporting, the right of the Holders of the Class A Certificates and the Subordinate Certificates to receive payments from the Excess Reserve Fund Account in respect of any Net WAC Cap Carry Forward Amounts may have more than a de minimis value.
Notwithstanding any provision contained in this Agreement, the Trustee shall not be required to make any payments from the Excess Reserve Fund Account except as expressly stated in this Section 3.06(d).
(e) [Reserved].
(f) The Trustee shall establish and maintain the Distribution Account on behalf of the Certificateholders. The Trustee shall, promptly upon receipt, deposit in the Distribution Account and retain therein the following:
(i) the aggregate amount remitted by the Servicer to the Trustee pursuant to Section 3.09(a);
(ii) any amount deposited by the Servicer pursuant to Section 3.06(g) in connection with any losses on Permitted Investments; and
(iii) any other amounts deposited hereunder that are required to be deposited in the Distribution Account.
If the Servicer remits any amount not required to be remitted, it may at any time direct the Trustee in writing to withdraw that amount from the Distribution Account, any provision herein to the contrary notwithstanding. The direction may be accomplished by delivering an Officer’s Certificate to the Trustee that describes the amounts deposited in error in the Distribution Account. All funds deposited in the Distribution Account shall be held by the Trustee in trust for the Certificateholders until disbursed in accordance with this Agreement or withdrawn in accordance with Section 3.09. In no event shall the Trustee incur liability for withdrawals from the Distribution Account at the direction of the Servicer.
(g) Each institution at which the Certificate Account or the Distribution Account is maintained shall invest the funds therein as directed in writing by the Servicer in Permitted Investments, which shall mature not later than the second Business Day preceding the related Distribution Account Deposit Date (except that if the Permitted Investment is an obligation of the institution that maintains the account, then the Permitted Investment shall mature not later than the Business Day preceding the Distribution Account Deposit Date) and shall not be sold or disposed of before its maturity. All Permitted Investments shall be made in the name of the Trustee, for the benefit of the Certificateholders. All income realized from any investment of funds on deposit in the Certificate Account and the Distribution Account shall be for the benefit of the Servicer as servicing compensation and shall be remitted to it monthly as provided herein. The amount of any realized losses on Permitted Investments in the Certificate Account or Distribution Account shall promptly be deposited by the Servicer in the Certificate Account or the Distribution Account, respectively. The Trustee shall not be liable for the amount of any loss incurred in respect of any investment or lack of investment of funds held in the Certificate Account or the Distribution Account and made in accordance with this Section 3.06. Notwithstanding the foregoing, if amounts remitted by the Servicer to the Trustee pursuant to Section 3.09(a) for deposit in the Distribution Account and investment directions therefor are not received by the Trustee before 12:00 p.m. (pacific time) on the Distribution Account Deposit Date, amounts on deposit in the Distribution Account shall remain uninvested.
(h) [Reserved].
(i) The Servicer shall notify the Trustee, the Seller, each Rating Agency, and the Depositor of any proposed change of the location of the Certificate Account, the Collection Account, the Excess Reserve Fund Account or the Distribution Account not later than 30 days and not more than 45 days before any change thereof.
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Section 3.07 |
Collection of Taxes, Assessments, and Similar Items |
Escrow Accounts.
(a) To the extent required by the related Mortgage Note and not violative of current law, the Servicer shall establish and maintain one or more accounts (each, an “Escrow Account”) and deposit and retain therein all collections from the Mortgagors (or Servicing advances) for the payment of taxes, assessments, hazard insurance premiums or comparable items for the account of the Mortgagors. Nothing herein shall require the Servicer to compel a Mortgagor to establish an Escrow Account in violation of applicable law.
(b) Withdrawals of amounts so collected from the Escrow Accounts may be made only to effect timely payment of taxes, assessments, hazard insurance premiums, condominium or PUD association dues, or comparable items, to reimburse (without duplication) the Servicer out of related collections for any payments made pursuant to Sections 3.01 (with respect to taxes and assessments and insurance premiums) and 3.10 (with respect to hazard insurance), to refund to any Mortgagors any sums determined to be overages, to pay interest, if required by law or the related Mortgage or Mortgage Note, to Mortgagors on balances in the Escrow Account or to clear and terminate the Escrow Account at the termination of this Agreement in accordance with Section 9.01. The Escrow Accounts shall not be a part of the Trust Fund.
(c) The Servicer shall advance any payments referred to in Section 3.07(a) that are not timely paid by the Mortgagors on the date when the tax, premium or other cost for which such payment is intended is due, but the Servicer shall be required so to advance only to the extent that such advances, in the good faith judgment of the Servicer, will be recoverable by the Servicer out of Insurance Proceeds, Liquidation Proceeds, or otherwise.
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Section 3.08 |
Access to Certain Documentation and Information |
Regarding the Mortgage Loans.
The Servicer shall afford the Depositor, the NIM Insurer, the Trustee and the Supplemental Interest Trust Administrator reasonable access to all records and documentation regarding the Mortgage Loans and all accounts, insurance information, and other matters relating to this Agreement, such access being afforded without charge, but only upon reasonable request and during normal business hours at the office designated by the Servicer.
Upon reasonable advance notice in writing, the Servicer will provide to each Certificateholder or Certificate Owner that is a savings and loan association, bank, or insurance company certain reports and reasonable access to information and documentation regarding the Mortgage Loans sufficient to permit the Certificateholder or Certificate Owner to comply with applicable regulations of the OTS or other regulatory authorities with respect to investment in the Certificates. The Servicer shall be entitled to be reimbursed by each such Certificateholder or Certificate Owner for actual expenses incurred by the Servicer in providing the reports and access.
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Section 3.09 |
Permitted Withdrawals from the Certificate Account, the |
Distribution Account, and the Excess Reserve Fund Account.
(a) The Servicer may (and, in the case of clause (ix) below, shall) from time to time make withdrawals from the Certificate Account for the following purposes:
(i) to pay to the Servicer (to the extent not previously retained) the servicing compensation to which it is entitled pursuant to Section 3.15, and to pay to the Servicer, as additional servicing compensation, earnings on or investment income with respect to funds in or credited to the Certificate Account;
(ii) to reimburse the Servicer for unreimbursed Advances made by it, such right of reimbursement pursuant to this subclause (ii) being limited to amounts received on the Mortgage Loans in respect of which the Advance was made;
(iii) to reimburse the Servicer for any Nonrecoverable Advance previously made;
(iv) to reimburse the Servicer for Insured Expenses from the related Insurance Proceeds;
(v) to reimburse the Servicer for (a) unreimbursed Servicing Advances, such right of reimbursement pursuant to this sub-clause (a) made by it being limited to amounts received on the Mortgage Loans in respect of which the Servicing Advance was made that represent late recoveries of the payments for which such advances were made pursuant to Section 3.01, Section 3.07 or Section 3.10 and (b) for unpaid Servicing Fees as provided in Section 3.12;
(vi) to pay to the purchaser, with respect to each Mortgage Loan or property acquired in respect thereof that has been purchased pursuant to Section 2.01, 2.02, 2.03 or 2.05, all amounts received thereon after the date of such purchase;
(vii) to reimburse the Seller, the Servicer, the NIM Insurer, or the Depositor for expenses incurred by any of them and reimbursable pursuant to Section 6.03;
(viii) to withdraw any amount deposited in the Certificate Account and not required to be deposited therein;
(ix) by the Distribution Account Deposit Date, to withdraw (1) the Servicer Remittance Amount for the Distribution Date, to the extent on deposit, and (2) the Prepayment Charges on deposit, and remit such amount to the Trustee for deposit in the Distribution Account; and
(x) to clear and terminate the Certificate Account upon termination of this Agreement pursuant to Section 9.01.
The Servicer shall keep and maintain separate accounting, on a Mortgage Loan by Mortgage Loan basis, to justify any withdrawal from the Certificate Account pursuant to subclauses (i), (ii), (iv), (v), and (vi). Before making any withdrawal from the Certificate Account pursuant to subclause (iii), the Servicer shall deliver to the Trustee an Officer’s Certificate of a Servicing Officer indicating the amount of any previous Advance determined by the Servicer to be a Nonrecoverable Advance and identifying the related Mortgage Loans and their respective portions of the Nonrecoverable Advance.
(b) The Trustee shall withdraw funds from the Distribution Account for distributions to Certificateholders in the manner specified in this Agreement (and to withhold from the amounts so withdrawn the amount of any taxes that it is authorized
to withhold pursuant to the last paragraph of Section 8.11). In addition, the Trustee may from time to time make withdrawals from the Distribution Account for the following purposes:
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(i) |
to pay to itself the Trustee Fee for the related Distribution Date; |
(ii) to pay to the Servicer as additional servicing compensation earnings on or investment income with respect to funds in the Distribution Account;
(iii) to withdraw and return to the Servicer any amount deposited in the Distribution Account and not required to be deposited therein;
(iv) to clear and terminate the Distribution Account upon termination of the Agreement pursuant to Section 9.01; and
(v) to make distributions to the Supplemental Interest Trust, in accordance with Section 4.05.
(c) On each Distribution Date, the Trustee shall make withdrawals from the Excess Reserve Fund Account for deposit in the Distribution Account of the amount required pursuant to Section 3.06(d). Each institution at which the Excess Reserve Fund Account is maintained shall invest the funds therein as directed in writing by the Servicer in Permitted Investments, which shall mature not later than the second Business Day preceding the related Distribution Account Deposit Date (except that if the Permitted Investment is an obligation of the institution that maintains the account, then the Permitted Investment shall mature not later than the Business Day preceding the Distribution Account Deposit Date) and shall not be sold or disposed of before its maturity. All Permitted Investments shall be made in the name of the Trustee, for the benefit of the Certificateholders. All income realized from any investment of funds on deposit in the Excess Reserve Fund Account shall be for the benefit of the Servicer as servicing compensation and shall be remitted to it monthly as provided herein. The amount of any realized losses on Permitted Investments in the Excess Reserve Fund Account shall promptly be deposited by the Servicer in the Excess Reserve Fund Account. On the earlier of (i) the termination of this Agreement pursuant to Section 9.01 and (ii) the Distribution Date on which all of the Certificates (other than the Class C Certificates) are reduced to zero, any amount remaining on deposit in the Excess Reserve Fund Account after giving effect to the requirements of this section shall be withdrawn by the Trustee and paid to the Class C Certificateholders.
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Section 3.10 |
Maintenance of Hazard Insurance; Maintenance of |
Primary Insurance Policies.
(a) The Servicer shall maintain, for each Mortgage Loan, hazard insurance with extended coverage in an amount that is at least equal to the lesser of:
(i) the maximum insurable value of the improvements securing the Mortgage Loan; and
(ii) the greater of (y) the outstanding principal balance of the Mortgage Loan and (z) an amount such that the proceeds of the policy are sufficient to prevent the related Mortgagor or the mortgagee from becoming a co-insurer.
Each policy of standard hazard insurance shall contain, or have an accompanying endorsement that contains, a standard mortgagee clause. Any amounts collected under the policies (other than the amounts to be applied to the restoration or repair of the related Mortgaged Property or amounts released to the Mortgagor in accordance with the Servicer’s normal servicing procedures) shall be deposited in the Certificate Account. Any cost incurred in maintaining any insurance shall not, for the purpose of calculating monthly distributions to the Certificateholders or remittances to the Trustee for their benefit, be added to the principal balance of the Mortgage Loan, notwithstanding that the Mortgage Loan so permits. Such costs shall be recoverable by the Servicer out of late payments by the related Mortgagor or out of Liquidation Proceeds to the extent permitted by Section 3.09. No earthquake or other additional insurance is to be required of any Mortgagor or maintained on property acquired in respect of a Mortgage other than pursuant to any applicable laws and regulations in force that require additional insurance. If the Mortgaged Property is located at the time of origination of the Mortgage Loan in a federally designated special flood hazard area and the area is participating in the national flood insurance program, the Servicer shall maintain flood insurance for the Mortgage Loan. The flood insurance shall be in an amount equal to the least of (i) the original principal balance of the related Mortgage Loan, (ii) the replacement value of the improvements that are part of the Mortgaged Property and (iii) the maximum amount of flood insurance available for the related Mortgaged Property under the national flood insurance program.
If the Servicer obtains and maintains a blanket policy insuring against hazard losses on all of the Mortgage Loans, it shall have satisfied its obligations in the first sentence of this Section 3.10. The policy may contain a deductible clause on terms substantially equivalent to those commercially available and maintained by comparable servicers. If the policy contains a deductible clause and a policy complying with the first sentence of this Section 3.10 has not been maintained on the related Mortgaged Property, and if a loss that would have been covered by the required policy occurs, the Servicer shall deposit in the Certificate Account, without any right of reimbursement, the amount not otherwise payable under the blanket policy because of the deductible clause. In connection with its activities as Servicer of the Mortgage Loans, the Servicer agrees to present, on behalf of itself, the Depositor, and the Trustee for the benefit of the Certificateholders and the NIM Insurer, claims under any blanket policy.
(b) The Servicer shall not take any action that would result in non-coverage under any applicable Primary Insurance Policy of any loss that, but for the actions of the Servicer, would have been covered thereunder. The Servicer shall not cancel or refuse to renew any Primary Insurance Policy that is in effect at the date of the initial issuance of the Certificates and is required to be kept in force hereunder unless the replacement Primary Insurance Policy for the canceled or non-renewed policy is maintained with a Qualified Insurer. The Servicer need not maintain any Primary Insurance Policy if maintaining the Primary Insurance Policy is prohibited by applicable law. The Servicer agrees, to the extent permitted by applicable law, to effect the timely payment of the premiums on each Primary Insurance Policy, and any costs not otherwise recoverable shall be recoverable by the Servicer from the related liquidation proceeds. The Servicer shall maintain for as long as each relevant Mortgage Loan is outstanding the mortgage insurance associated with the Mortgage Loans identified on the Mortgage Loan Schedule as having lender acquired mortgage insurance, and as to any other Mortgage Loans the Servicer need not maintain any
Primary Insurance Policy with respect to any Mortgage Loan with a Loan-to-Value Ratio less than or equal to 80% as of any date of determination or, based on a new appraisal, the principal balance of the Mortgage Loan represents 80% or less of the new Appraised Value.
In connection with its activities as Servicer of the Mortgage Loans, the Servicer agrees to present, on behalf of itself, the Trustee, the NIM Insurer, and the Certificateholders, claims to the insurer under any Primary Insurance Policies and, in this regard, to take any reasonable action in accordance with the Servicing Standard necessary to permit recovery under any Primary Insurance Policies respecting defaulted Mortgage Loans. Any amounts collected by the Servicer under any Primary Insurance Policies shall be deposited in the Certificate Account or the Collection Account (as applicable).
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Section 3.11 |
Enforcement of Due-On-Sale Clauses; Assumption Agreements. |
(a) Except as otherwise provided in this Section 3.11, when any property subject to a Mortgage has been conveyed by the Mortgagor, the Servicer shall to the extent that it has knowledge of the conveyance and in accordance with the Servicing Standard, enforce any due-on-sale clause contained in any Mortgage Note or Mortgage, to the extent permitted under applicable law and governmental regulations, but only to the extent that enforcement will not adversely affect or jeopardize coverage under any Required Insurance Policy. Notwithstanding the foregoing, the Servicer is not required to exercise these rights with respect to a Mortgage Loan if the Person to whom the related Mortgaged Property has been conveyed or is proposed to be conveyed satisfies the conditions contained in the Mortgage Note and Mortgage related thereto and the consent of the mortgagee under the Mortgage Note or Mortgage is not otherwise so required under the Mortgage Note or Mortgage as a condition to the transfer.
If (i) the Servicer is prohibited by law from enforcing any due-on-sale clause, (ii) coverage under any Required Insurance Policy would be adversely affected, (iii) the Mortgage Note does not include a due-on-sale clause or (iv) nonenforcement is otherwise permitted hereunder, the Servicer is authorized, subject to Section 3.11(b), to take or enter into an assumption and modification agreement from or with the person to whom the property has been or is about to be conveyed, pursuant to which the person becomes liable under the Mortgage Note and, unless prohibited by applicable state law, the Mortgagor remains liable thereon. The Mortgage Loan must continue to be covered (if so covered before the Servicer enters into the agreement) by the applicable Required Insurance Policies.
The Servicer, subject to Section 3.11(b), is also authorized with the prior approval of the insurers under any Required Insurance Policies to enter into a substitution of liability agreement with the Person, pursuant to which the original Mortgagor is released from liability and the Person is substituted as Mortgagor and becomes liable under the Mortgage Note. Notwithstanding the foregoing, the Servicer shall not be deemed to be in default under this Section 3.11 because of any transfer or assumption that the Servicer reasonably believes it is restricted by law from preventing, for any reason whatsoever.
(b) Subject to the Servicer’s duty to enforce any due-on-sale clause to the extent provided in Section 3.11(a), in any case in which a Mortgaged Property has been conveyed to a Person by a Mortgagor, and the Person is to enter into an assumption agreement or modification agreement or supplement to the Mortgage Note
or Mortgage that requires the signature of the Trustee, or if an instrument of release signed by the Trustee is required releasing the Mortgagor from liability on the Mortgage Loan, the Servicer shall prepare and deliver to the Trustee for signature and shall direct the Trustee, in writing, to execute the assumption agreement with the Person to whom the Mortgaged Property is to be conveyed, and the modification agreement or supplement to the Mortgage Note or Mortgage or other instruments appropriate to carry out the terms of the Mortgage Note or Mortgage or otherwise to comply with any applicable laws regarding assumptions or the transfer of the Mortgaged Property to the Person. In connection with any such assumption, no material term of the Mortgage Note may be changed.
In addition, the substitute Mortgagor and the Mortgaged Property must be acceptable to the Servicer in accordance with its underwriting standards as then in effect. Together with each substitution, assumption, or other agreement or instrument delivered to the Trustee for execution by it, the Servicer shall deliver an Officer’s Certificate signed by a Servicing Officer stating that the requirements of this subsection have been met in connection therewith. The Servicer shall notify the Trustee that any substitution or assumption agreement has been completed by forwarding to the Trustee the original of the substitution or assumption agreement, which in the case of the original shall be added to the related Mortgage File and shall, for all purposes, be considered a part of the Mortgage File to the same extent as all other documents and instruments constituting a part thereof. The Servicer will retain any fee collected by it for entering into an assumption or substitution of liability agreement as additional servicing compensation.
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Section 3.12 |
Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans. |
(a) The Servicer shall use reasonable efforts in accordance with the Servicing Standard to foreclose on or otherwise comparably convert the ownership of Mortgaged Properties in respect of which the related Mortgage Loans have come into and continue in default and as to which no satisfactory arrangements can be made for collection of delinquent payments. In connection with the foreclosure or other conversion, the Servicer shall follow the Servicing Standard and shall follow the requirements of the insurer under any Required Insurance Policy.
Notwithstanding the foregoing, the Servicer shall not be required to expend its own funds in connection with any foreclosure or towards the restoration of any property unless it determines (i) that the restoration or foreclosure will increase the proceeds of liquidation of the Mortgage Loan after reimbursement to itself of restoration expenses and (ii) that restoration expenses will be recoverable to it through Liquidation Proceeds (respecting which it shall have priority for purposes of withdrawals from the Certificate Account). The Servicer shall be responsible for all other costs and expenses incurred by it in any foreclosure proceedings. The Servicer is entitled to reimbursement thereof from the liquidation proceeds with respect to the related Mortgaged Property, as provided in the definition of Liquidation Proceeds. If the Servicer has knowledge that a Mortgaged Property that the Servicer is contemplating acquiring in foreclosure or by deed in lieu of foreclosure is located within one mile of any site listed in the Expenditure Plan for the Hazardous Substance Clean Up Bond Act of 1984 or other site with environmental or hazardous waste risks known to the Servicer, the Servicer will, before acquiring the Mortgaged Property, consider the risks and only take action in accordance with its established environmental review procedures. The Servicer shall not foreclose any Mortgaged Property or accept a deed in lieu of foreclosure for any Mortgaged Property without the consent
of the NIM Insurer if the Servicer has actual knowledge or notice that the Mortgaged Property contains material hazardous wastes or substances subject to the Hazardous Substance Clean Up Bond Act of 1984.
With respect to any REO Property, the deed or certificate of sale shall be taken in the name of the Trustee for the benefit of the Certificateholders, or its nominee, on behalf of the Certificateholders. The Trustee’s name shall be placed on the title to the REO Property solely as the Trustee hereunder and not in its individual capacity. The Servicer shall ensure that the title to the REO Property references this Agreement and the Trustee’s capacity hereunder. Pursuant to its efforts to sell the REO Property, the Servicer shall either itself or through an agent selected by the Servicer protect and conserve the REO Property in accordance with the Servicing Standard as the Servicer deems to be in the best interest of the Certificateholders for the period before the sale of the REO Property.
The Servicer shall perform the tax reporting and withholding required by Sections 1445 and 6050J of the Code with respect to foreclosures and abandonments, the tax reporting required by Section 6050H of the Code with respect to the receipt of mortgage interest from individuals and, if required by Section 6050P of the Code with respect to the cancellation of indebtedness by certain financial entities, the preparation of any required tax and information returns, in the form required, and file the same.
If the Trust Fund acquires any Mortgaged Property as aforesaid or otherwise in connection with a default or imminent default on a Mortgage Loan, the REO Property shall only be held temporarily, shall be actively marketed for sale, and the Servicer shall dispose of the Mortgaged Property as soon as practicable, and in any case before the end of the third calendar year following the calendar year in which the Trust Fund acquires the property. Notwithstanding any other provision of this Agreement, no Mortgaged Property acquired by the Trust Fund shall be rented (or allowed to continue to be rented) or otherwise used for the production of income by or on behalf of the Trust Fund.
The decision of the Servicer to foreclose on a defaulted Mortgage Loan shall be subject to a determination by the Servicer that the proceeds of the foreclosure would exceed the costs and expenses of bringing a foreclosure proceeding. The proceeds received from the maintenance of any REO Properties, net of reimbursement to the Servicer for expenses incurred (including any property or other taxes) in connection with maintenance of the REO Properties and net of unreimbursed Servicing Fees, Advances and Servicing Advances, shall be applied to the payment of principal of and interest on the related defaulted Mortgage Loans (with interest accruing as though the Mortgage Loans were still current and adjustments, if applicable, to the Mortgage Rate were being made in accordance with the Mortgage Note) and all such proceeds shall be deemed, for all purposes in this Agreement, to be payments on account of principal and interest on the related Mortgage Notes and shall be deposited into the Certificate Account. To the extent the proceeds received during any calendar month exceed the amount attributable to amortizing principal and accrued interest at the related Mortgage Rate on the related Mortgage Loan for the calendar month, the excess shall be considered to be a partial prepayment of principal of the related Mortgage Loan.
The proceeds from any liquidation of a Mortgage Loan, as well as any proceeds from an REO Property, will be applied in the following order of priority:
first, to reimburse the Servicer for any related unreimbursed Servicing Advances or Servicing Fees or for any unreimbursed Advances, as applicable;
second, to reimburse the Certificate Account for any Nonrecoverable Advances (or portions thereof) that were previously withdrawn by the Servicer pursuant to Section 3.09(a)(ii) that related to the Mortgage Loan;
third, to accrued and unpaid interest (to the extent no Advance has been made for such amount or an Advance has been reimbursed) on the Mortgage Loan or related REO Property, at the Adjusted Net Mortgage Rate through the Remittance Period preceding the Distribution Date on which the amounts are required to be distributed; and
fourth, as a recovery of principal of the Mortgage Loan. The Servicer will retain any Excess Proceeds from the liquidation of a Liquidated Mortgage Loan as additional servicing compensation pursuant to Section 3.15.
(b) [Reserved].
(c) The Servicer may agree to a modification of any Mortgage Loan at the request of the related Mortgagor if (i) the modification is in lieu of a refinancing and the Mortgage Rate on the relevant Mortgage Loan, as modified, is approximately a prevailing market rate for newly-originated mortgage loans having similar terms and (ii) the Servicer purchases the relevant Mortgage Loan from the Trust Fund as described below. Upon the agreement of the Servicer to modify a Mortgage Loan in accordance with the preceding sentence, the Servicer shall purchase that Mortgage Loan and all interest of the Trustee in that Mortgage Loan shall automatically be deemed transferred and assigned to the Servicer and all benefits and burdens of ownership thereof, including the right to accrued interest thereon from the date of purchase and the risk of default thereon, shall pass to the Servicer. The Servicer shall promptly deliver to the Trustee a certification of a Servicing Officer to the effect that all requirements of the first paragraph of this subsection (c) have been satisfied with respect to the Mortgage Loan to be repurchased pursuant to this paragraph.
The Servicer shall deposit the Purchase Price for any Mortgage Loan repurchased pursuant to this Section 3.12 in the Certificate Account pursuant to Section 3.06 within one (1) Business Day after the purchase of the Mortgage Loan. Upon receipt by the Trustee of written notification of any such deposit signed by a Servicing Officer, the Trustee shall release to the Servicer the related Mortgage File and shall execute and deliver such instruments of transfer or assignment, in each case without recourse, as shall be necessary to vest in the Servicer any Mortgage Loan previously transferred and assigned pursuant hereto.
The Servicer covenants and agrees to indemnify the Trust Fund against any liability for any taxes (including prohibited transaction taxes) and any related interest, additions, and penalties imposed on the Trust Fund established hereunder as a result of any modification of a Mortgage Loan effected pursuant to this Section 3.12 or any purchase of a Mortgage Loan by the Servicer in connection with a modification (but such obligation shall not prevent the Servicer or any other appropriate Person from contesting any such tax in appropriate proceedings and shall not prevent the Servicer from withholding payment of such tax, if permitted by law, pending the outcome of such proceedings). The Servicer shall have no right of reimbursement for any amount paid pursuant to the foregoing indemnification, except to the extent that the amount of any tax, interest, and penalties, together with interest thereon, is refunded to the Trust Fund or the Servicer.
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Section 3.13 |
Trustee to Cooperate; Release of Mortgage Files. |
Upon the payment in full of any Mortgage Loan, or the receipt by the Servicer of a notification that payment in full will be escrowed in a manner customary for such purposes, the Servicer will immediately notify the Trustee by delivering a “Request for Release” substantially in the form of Exhibit N. Upon receipt of the request, the Trustee shall promptly release the related Mortgage File to the Servicer, and the Trustee shall at the Servicer’s direction execute and deliver to the Servicer the request for reconveyance, deed of reconveyance, or release or satisfaction of mortgage or such instrument releasing the lien of the Mortgage in each case provided by the Servicer, together with the Mortgage Note with written evidence of cancellation thereon. Expenses incurred in connection with any instrument of satisfaction or deed of reconveyance shall be chargeable to the related Mortgagor.
From time to time and as shall be appropriate for the servicing or foreclosure of any Mortgage Loan, including for such purpose collection under any policy of flood insurance, any fidelity bond or errors or omissions policy, or for the purposes of effecting a partial release of any Mortgaged Property from the lien of the Mortgage or the making of any corrections to the Mortgage Note or the Mortgage or any of the other documents included in the Mortgage File, the Trustee shall, upon delivery to the Trustee of a Request for Release in the form of Exhibit M signed by a Servicing Officer, release the Mortgage File to the Servicer or its designee. Subject to the further limitations stated below, the Servicer shall cause the Mortgage File or documents so released to be returned to the Trustee when the need therefor by the Servicer no longer exists, unless the Mortgage Loan is liquidated and the proceeds thereof are deposited in the Certificate Account, in which case the Servicer shall deliver to the Trustee a Request for Release in the form of Exhibit N, signed by a Servicing Officer.
If the Servicer at any time seeks to initiate a foreclosure proceeding in respect of any Mortgaged Property as authorized by this Agreement, the Servicer shall deliver to the Trustee, for signature, as appropriate, any court pleadings, requests for trustee’s sale, or other documents necessary to effectuate such foreclosure or any legal action brought to obtain judgment against the Mortgagor on the Mortgage Note or the Mortgage or to obtain a deficiency judgment or to enforce any other remedies or rights provided by the Mortgage Note or the Mortgage or otherwise available at law or in equity.
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Section 3.14 |
Documents, Records, and Funds in Possession of the Servicer to be Held for the Trustee. |
The Servicer shall account fully to the Trustee and the NIM Insurer for any funds it receives or otherwise collects as Liquidation Proceeds or Insurance Proceeds in respect of any Mortgage Loan. All Mortgage Files and funds collected or held by, or under the control of, the Servicer in respect of any Mortgage Loans, whether from the collection of principal and interest payments or from Liquidation Proceeds, including any funds on deposit in the Certificate Account, shall be held by the Servicer for and on behalf of the Trustee and shall be and remain the sole and exclusive property of the Trustee, subject to the applicable provisions of this Agreement. The Servicer also agrees that it shall not create, incur or subject any Mortgage File or any funds that are deposited in the Certificate Account, the Collection Account, the Distribution Account or any Escrow Account, or any funds that otherwise are or may become due or payable to the Trustee for the benefit of the Certificateholders, to any claim, lien, security interest, judgment, levy, writ of attachment, or other encumbrance, or assert by legal action or otherwise any claim or right of setoff against any Mortgage File or any funds collected on, or in connection with, a Mortgage Loan, except, however, that the Servicer shall be entitled to set off against and deduct from any such funds any amounts that are properly due and payable to the Servicer under this Agreement.
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Section 3.15 |
Servicing Compensation. |
As compensation for its activities hereunder, the Servicer may retain or withdraw from the Servicing Account, the Collection Account or the Certificate Account the Servicing Fee for each Mortgage Loan for the related Distribution Date. Notwithstanding the foregoing, the aggregate Servicing Fee payable to the Servicer shall be reduced by the lesser of the aggregate of the Prepayment Interest Shortfalls with respect to the Distribution Date and the aggregate Compensating Interest for the Distribution Date.
Additional servicing compensation in the form of Prepayment Interest Excess, Excess Proceeds, assumption fees, late payment charges and all income and gain net of any losses realized from Permitted Investments shall be retained by the Servicer to the extent not required to be deposited in the Certificate Account pursuant to Section 3.06. The Servicer shall be required to pay all expenses incurred by it in connection with its servicing activities hereunder (payment of any premiums for hazard insurance, and any Primary Insurance Policy and maintenance of the other forms of insurance coverage required by this Agreement) and shall not be entitled to reimbursement therefor except as specifically provided in this Agreement.
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Section 3.16 |
Access to Certain Documentation. |
The Servicer shall provide to the OTS and the FDIC and to comparable regulatory authorities supervising the Certificateholders and Certificate Owners and the examiners and supervisory agents of the OTS, the FDIC and such other authorities, access to the documentation regarding the Mortgage Loans required by applicable regulations of the OTS and the FDIC. Access shall be afforded without charge, but only upon reasonable prior written request and during normal business hours at the offices designated by the Servicer. Nothing in this Section 3.16 shall limit the obligation of the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of the Servicer to provide access as provided in this Section 3.16 as a result of such obligation shall not constitute a breach of this Section 3.16.
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Section 3.17 |
Annual Statement as to Compliance. |
The Servicer shall deliver to the Trustee, the Depositor and the Rating Agencies on or before March 15 of each year, commencing in 2007, an [officer’s certificate], certifying that with respect to the period ending December 31st of the prior year: (i) the Servicer or such Servicing Officer, as applicable, has reviewed the activities of the Servicer during the preceding calendar year or portion thereof and its performance under this Agreement and (ii) to the best of the Servicer’s or such Servicing Officer’s knowledge, as applicable, based on such review, the Servicer has performed and fulfilled its duties, responsibilities and obligations under this Agreement in all material respects throughout such year, or, if there has been a default in the fulfillment of any such duties, responsibilities or obligations, specifying each such default known to such Servicing Officer and the nature and status thereof. Copies of any such statement shall be provided by the Trustee to any Certificateholder and to any Person identified to the Trustee as a prospective transferee of a Certificate, upon request at the expense of the requesting party, provided such statement is delivered by the Servicer to the Trustee. In addition to the foregoing, the Servicer will, to the extent reasonable, give any other servicing information required by the Commission pursuant to applicable law.
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Section 3.18 |
Assessments of Compliance and Attestation Reports. |
The Servicer shall service and administer the Mortgage Loans in accordance with all applicable requirements of the Servicing Criteria (as set forth in Exhibit R hereto). Pursuant to Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB, the Servicer shall deliver to the Trustee and the Depositor prior to (x) March 15, 2007 and (y) unless and until a Form 15 Suspension Notice shall have been filed, prior to March 15th of each year thereafter, a report regarding the Servicer’s assessment of compliance (an “Assessment of Compliance”) with the Servicing Criteria during the preceding calendar year. The Assessment of Compliance must be reasonably satisfactory to the Depositor, and as set forth in Regulation AB, the Assessment of Compliance must contain the following:
(i) A statement by such officer of its responsibility for assessing compliance with the Servicing Criteria applicable to the Servicer;
(ii) A statement by such officer that such officer used the Servicing Criteria, and which will also be attached to the Assessment of Compliance, to assess compliance with the Servicing Criteria applicable to the Servicer;
(iii) An assessment by such officer of the Servicer’s compliance with the applicable Servicing Criteria for the period consisting of the preceding calendar year, including disclosure of any material instance of noncompliance with respect thereto during such period, which assessment shall be based on the activities it performs with respect to asset-backed securities transactions taken as a whole involving the Servicer, that are backed by the same asset type as the Mortgage Loans;
(iv) A statement that a registered public accounting firm has issued an attestation report on the Servicer’s Assessment of Compliance for the period consisting of the preceding calendar year; and
(v) A statement as to which of the Servicing Criteria, if any, are not applicable to the Servicer, which statement shall be based on the activities it performs with respect to asset-backed securities transactions taken as a whole involving the Servicer, that are backed by the same asset type as the Mortgage Loans.
Such report at a minimum shall address each of the Servicing Criteria specified on Exhibit R hereto which are indicated as applicable to the Servicer.
Prior to (x) March 15, 2007 and (y) unless and until a Form 15 Suspension Notice shall have been filed, prior to March 15th of each year thereafter, the Servicer shall furnish to the Trustee and the Depositor a report (an “Attestation Report”) by a registered public accounting firm that attests to, and reports on, the Assessment of Compliance made by the Servicer, as required by Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122(b) of Regulation AB, which Attestation Report must be made in accordance with standards for attestation reports issued or adopted by the Public Company Accounting Oversight Board.
The Servicer shall cause and any sub-servicer, and each subcontractor determined by the Servicer to be “participating in the servicing function” within the meaning of Item 1122 of Regulation AB, to deliver to the Trustee and the Depositor an Assessment of Compliance and Attestation Report as and when provided above.
Such Assessment of Compliance, as to any Sub-Servicer, shall at a minimum address each of the Servicing Criteria specified on Exhibit R hereto which are indicated as applicable to any “primary servicer.” Notwithstanding the foregoing, as to any subcontractor, an Assessment of Compliance is not required to be delivered unless it is required as part of a Form 10-K with respect to the Trust Fund.
If the Servicer cannot deliver any Assessment of Compliance or Attestation Report by March 15th of such year, the Depositor, at its sole option, may permit a cure period for the Servicer to deliver such Assessment of Compliance or Attestation Report, but in no event later than March 25th of such year.
Failure of the Servicer to timely comply with this Section 3.18 may be deemed an Event of Default. The Trustee shall, with the consent of the Depositor, in addition to whatever rights the Trustee may have under this Agreement and at law or equity or to damages, including injunctive relief and specific performance, give notice to Certificateholders that they have ten Business Days to object. If no such objection is received, the Trustee shall immediately terminate all the rights and obligations of the Servicer under this Agreement and in and to the Mortgage Loans and the proceeds thereof without compensating the Servicer for the same. This paragraph shall supersede any other provision in this Agreement or any other agreement to the contrary.
The Trustee shall, prior to (x) March 15, 2007 and (y) unless and until a Form 15 Suspension Notice shall have been filed, prior to March 15th of each year thereafter, shall also provide an Assessment of Compliance and Attestation Report, as and when provided above, which shall at a minimum address each of the Servicing Criteria specified on Exhibit R hereto which are indicated as applicable to the “trustee.”
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Section 3.19 |
Errors and Omissions Insurance; Fidelity Bonds. |
The Servicer shall obtain and maintain in force (a) policies of insurance covering errors and omissions in the performance of its obligations as Servicer hereunder and (b) a fidelity bond covering its officers, employees, and agents. Each policy and bond shall, together, comply with the requirements from time to time of FNMA or FHLMC for persons performing servicing for mortgage loans purchased by FNMA or FHLMC. The Servicer shall provide the Trustee and the NIM Insurer, upon request, with a certificate of insurance relating to the insurance policies and fidelity bond. If any policy or bond ceases to be in effect, the Servicer shall obtain a comparable replacement policy or bond from an insurer or issuer meeting the above requirements as of the date of the replacement.
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Section 3.20 |
Notification of Adjustments. |
On each Adjustment Date, the Servicer shall make interest rate adjustments for each adjustable-rate Mortgage Loan in compliance with the requirements of the related Mortgage and Mortgage Note and applicable regulations. The Servicer shall execute and deliver the notices required by each Mortgage and Mortgage Note and applicable regulations regarding such interest rate adjustments. The Servicer also shall provide timely notification to the Trustee of all applicable data and information regarding such interest rate adjustments and the Servicer’s methods of implementing such interest rate adjustments. Upon the discovery by the Servicer or the Trustee that the Servicer has failed to adjust or has incorrectly adjusted a Mortgage Rate or a monthly payment pursuant to the terms of the related Mortgage Note and Mortgage, the Servicer shall immediately deposit in the Certificate Account from its own funds the amount of
any loss caused thereby without reimbursement therefor; provided, however, that the Servicer shall not be liable with respect to any interest rate adjustments made by any servicer prior to the Servicer.
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Section 3.21 |
Prepayment Charges. |
(a) The Servicer shall not waive any part of any Prepayment Charge unless the waiver relates to a default or a reasonably foreseeable default, the collection of any Prepayment Charge would violate any relevant law or regulation or the waiving of the Prepayment Charge would otherwise benefit the Trust Fund and it is expected that the waiver would maximize recovery of total proceeds taking into account the value of the Prepayment Charge and related Mortgage Loan and doing so is standard and customary in servicing similar Mortgage Loans (including any waiver of a Prepayment Charge in connection with a refinancing of a Mortgage Loan that is related to a default or a reasonably foreseeable default). The Servicer shall not waive a Prepayment Charge in connection with a refinancing of a Mortgage Loan that is not related to a default or a reasonably foreseeable default.
(b) The Seller represents and warrants to the Depositor and the Trustee, as of the Closing Date, that the information in the Prepayment Charge Schedule (including the attached prepayment charge summary) is complete and accurate in all material respects at the dates as of which the information is furnished and each Prepayment Charge is permissible and enforceable in accordance with its terms under applicable state law.
(c) Upon discovery by the Seller or a Responsible Officer of the Trustee of a breach of the foregoing clause (b) that materially and adversely affects right of the Holders of the Class P Certificate to any Prepayment Charge, the party discovering the breach shall give prompt written notice to the other parties. If the NIM Insurer discovers a breach of the foregoing, it may give written notice of the breach to the Servicer, the Seller, and the Trustee. Within sixty (60) days of the earlier of discovery by the Servicer or receipt of notice by the Servicer of breach, the Servicer shall cure the breach in all material respects or shall pay into the Collection Account the amount of the scheduled Prepayment Charge, less any amount previously collected and paid by the Servicer into the Collection Account. If the covenant made by the Servicer in clause (a) above is breached, the Servicer must pay into the Collection Account the amount of the waived Prepayment Charge.
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Section 3.22 |
Reserved. |
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Section 3.23 |
Reserved. |
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Section 3.24 |
Commission Reporting |
(a) Unless and until a Form 15 Suspension Notice shall have been filed, the Trustee shall, within 15 days after each Distribution Date and in accordance with industry standards, file with the Commission via the Electronic Data Gathering and Retrieval System (“XXXXX”), a Distribution Report on Form 10-D (the “Distribution Report”) with a copy of the Monthly Statement to be furnished by the Trustee to the Certificateholders for such Distribution Date and, if applicable, including the information required by each of the items set forth in Part II thereof, subject to the receipt of the information set forth in (f) below, in the case of information not required to be provided by the Trustee.
(b) Except with respect to the Distribution Report to be filed following the first Distribution Date, the Trustee shall prepare each Distribution Report and, no later than 5 Business Days prior to the date on which such Distribution Report is required to be filed, deliver a copy of such Distribution Report to the Depositor for review. No later than the Business Day following the receipt thereof, the Depositor shall notify the Trustee of any changes to made to the Distribution Report. The Trustee shall make any changes thereto requested by the Depositor and deliver the final Distribution Report to the Depositor for signature no later than three Business Days prior to the date on which such Distribution Report must be filed by the Trustee in accordance with clause (a) above. The Depositor shall execute the final Distribution Report and deliver the same to the Trustee via electronic mail or facsimile no later than the Business Day following receipt of the same (which, unless not received within such time frame from the Trustee, shall be no later than two Business Days prior to the date on which the Distribution Report is required to be filed), with an original executed hard copy to follow by overnight mail. With respect to the Distribution Report to be filed following the first Distribution Date, the Depositor shall prepare and execute such Distribution Report and, no later than 5 Business Days prior to the date on which such Distribution Report is required to be filed, deliver a copy of such Distribution Report to the Trustee. The Trustee shall attach thereto the Monthly Statement furnished by the Trustee to the Certificateholders for such Distribution Date and file such Distribution Report in accordance with clause (a) above.
(c) The Depositor shall prepare and file Current Reports on Form 8-K, as and when required.
(d) Prior to January 30th of the first year in which the Trustee is able to do so under applicable law, the Trustee shall, in accordance with industry standards, file a Form 15 Suspension Notice with respect to the Trust Fund.
(e) Prior to (x) March 15, 2007 and (y) unless and until a Form 15 Suspension Notice shall have been filed, prior to March 15th of each year thereafter, the Servicer shall provide the Trustee with an Annual Compliance Statement, together with a copy of the Assessment of Compliance and Attestation Report to be delivered by the Servicer pursuant to Sections 3.19 and 3.20. Prior to (x) March 31, 2007 and (y) unless and until a Form 15 Suspension Notice shall have been filed, March 31st of each year thereafter, the Trustee shall, subject to subsection (e) below, file a Form 10-K, with respect to the Trust Fund. The Trustee shall prepare each Form 10-K and, no later than 5 Business Days prior to the date on which such Form 10-K is required to be filed, deliver a copy of such Form 10-K to the Depositor for review. No later than the Business Day following the receipt thereof, the Depositor shall notify the Trustee of any changes to made to the Form 10-K. The Trustee shall make any changes thereto requested by the Depositor and deliver the final Form 10-K to the Depositor for signature no later than three Business Days prior to the date on which such Form 10-K must be filed by the Trustee in accordance with this clause (d). The Depositor shall execute the final Form 10-K and deliver the same to the Trustee via electronic mail or facsimile no later than Business Day following receipt of the same (which, unless not received within such time frame from the Trustee, shall be no later than two Business Days prior to the date on which the From 10-K is required to be filed), with an original executed hard copy to follow by overnight mail. Such Form 10-K shall include the Assessment of Compliance, Attestation Report, Annual Compliance Statements and other documentation provided by the Servicer pursuant to Sections 3.17 and 3.18 and a certification in the form attached hereto as Exhibit O-1 (the “Depositor Certification”), which shall be signed by the senior officer of the Depositor in charge of securitization.
(f) As to each item of information required to be included in any Form 10-D, Form 8-K or Form 10-K, the Trustee's or Depositor’s obligation to include the
information in the applicable report is subject to receipt from the entity that is indicated in Exhibit S as the responsible party for providing that information, if other than the Trustee or the Depositor, as applicable, as and when required as described above. Each of the Trustee, the Servicer and the Depositor, as applicable, hereby agree to notify and provide to the Trustee and the Depositor all information that is required to be included in any Form 10-D, Form 8-K or Form 10-K, with respect to which that entity is indicated in Exhibit S as the responsible party for providing that information. In the case of information to be included in the From 10-D, such information shall be delivered to the Trustee no later than no later than 5 calendar days following each Distribution Date. In the case of information to be included in the Form 8-K, such information shall be delivered to the Depositor no later than no later 2 Business Days following the occurrence of a reportable event. In the case of information to be included in the From 10-K, such information, other than the documentation provided pursuant to Sections 3.17, 3.18 and 3.24(f), shall be delivered to the Trustee no later than no later than (x) March 1, 2007 and (y) unless and until a Form 15 Suspension Notice shall have been filed, March 1st of each year thereafter. The Servicer shall be responsible for determining the pool concentration applicable to any subservicer or originator at any time, for purposes of disclosure as required by Items 1117 and 1119 of Regulation AB. The Trustee shall provide electronic or paper copies of all Form 10-D, 8-K and 10-K filings free of charge to any Certificateholder upon request.
(g) The Trustee shall sign a certification (in the form attached hereto as Exhibit O-2) for the benefit of the Depositor and its officers, directors and Affiliates. The Trustee's certification shall be delivered to the Depositor by no later than March 18th of each year (or if such day is not a Business Day, the immediately preceding Business Day) and the Depositor shall deliver the Depositor Certification to the Trustee for filing no later than March 20th of each year (or if such day is not a Business Day, the immediately preceding Business Day).
(h) The Trustee shall indemnify and hold harmless the Depositor and its officers, directors and Affiliates from and against any losses, damages, penalties, fines, forfeitures, reasonable and necessary legal fees and related costs, judgments and other costs and expenses arising out of or based upon (i) a breach of the Trustee’s obligations under this Section 3.24, Section 3.18 or (ii) any material misstatement or omission contained in any information provided by the Trustee including, without limitation, in the certification provided by the Trustee in the form of Exhibit O-2 or the Assessment of Compliance provided pursuant to Section 3.18. If the indemnification provided for herein is unavailable or insufficient to hold harmless the Depositor, then the Trustee, in connection with (i) a breach of the Trustee’s obligations under this Section 3.24, Section 3.18 or (ii) any material misstatement or omission contained in any information provided by the Trustee including, without limitation, in the certification provided by the Trustee in the form of Exhibit O-2, or in the Assessment of Compliance or Attestation report provided pursuant to Section 3.18, agrees that it shall contribute to the amount paid or payable by the Depositor as a result of the losses, claims, damages or liabilities of the Depositor in such proportion as is appropriate to reflect the relative fault of the Depositor on the one hand and the Trustee on the other. This indemnification shall survive the termination of this Agreement or the termination of any party to this Agreement.
The Servicer shall indemnify and hold harmless the Depositor, the Trustee and their respective officers, directors and Affiliates from and against any actual losses, damages, penalties, fines, forfeitures, reasonable and necessary legal fees and related costs, judgments and
other costs and expenses that such Person may sustain based upon (i) a breach of the Servicer’s obligations under Sections 3.17, 3.18 or 3.24 or (ii) any material misstatement or omission contained in any information provided by the Servicer including, without limitation, in the information provided pursuant to Sections 3.17 and 3.18. This indemnification shall survive the termination of this Agreement or the termination of any party to this Agreement.
The Depositor shall indemnify and hold harmless the Servicer, the Trustee and their respective officers, directors and Affiliates from and against any actual losses, damages, penalties, fines, forfeitures, reasonable and necessary legal fees and related costs, judgments and other costs and expenses that such Person may sustain based upon (i) a breach of the Depositor’s obligations under this Section 3.24 or (ii) any material misstatement or omission contained in any information provided by the Depositor.
(i) The Trustee will have no duty or liability to verify the accuracy or sufficiency of any information not prepared by it included in any Form 10-D, Form 10-K or Form 8-K. The Trustee shall have no liability with respect to any failure to properly prepare or file any Form 10-D or Form 10-K resulting from or relating to the Trustee's inability or failure to obtain any information in a timely manner from the party responsible for delivery of such disclosure information. The Trustee shall have no liability with respect to any failure to properly file any Form 10-D or 10-K resulting from or relating to the Depositor's failure to timely comply with the provisions of this section. Nothing herein shall be construed to require the Trustee or any officer, director or Affiliate thereof to sign any Form 10-D, Form 10-K or Form 8-K. Copies of all reports filed by the Trustee under the Exchange Act shall be sent to the Depositor electronically or at the addressed set forth in Section 11.05. Fees and expenses incurred by the Trustee in connection with this Section 3.24 shall not be reimbursable from the Trust Fund.
(j) Upon any filing with the Commission, the Trustee shall promptly deliver to the Depositor a copy of any executed report, statement or information.
(k) To the extent that, following the Closing Date, the Depositor certifies that reports and certifications differing from those required under this Section 3.24 are necessary to comply with the reporting requirements under the Exchange Act, the parties hereto hereby agree that each will reasonably cooperate to amend the provisions of this Section 3.24(b) in order to comply with such amended reporting requirements and such amendment of this Section 3.24. Any such amendment may result in the reduction of the reports executed by and filed on behalf of the Depositor under the Exchange Act. Notwithstanding the foregoing, the Trustee shall not be obligated to enter into any amendment pursuant to this Section that adversely affects its obligations and immunities under this Agreement.
Each of the parties acknowledges and agrees that the purpose of Sections 3.17, 3.18 and this Section 3.24 of this Agreement is to facilitate compliance by the Depositor with the provisions of Regulation AB. Therefore, each of the parties agree that (a) the obligations of the parties hereunder shall be interpreted in such a manner as to accomplish that purpose, (b) the parties’ obligations hereunder will be supplemented and modified as necessary to be consistent with any such amendments, interpretive advice or guidance in respect of the requirements of Regulation AB, (c) the parties shall comply with reasonable requests made by the Depositor for delivery of additional or different information as the Depositor may determine in good faith is necessary to comply with the provisions of Regulation AB, and (d) no amendment of this Agreement shall be required to effect any such changes in the parties’ obligations as are necessary to accommodate evolving interpretations of the provisions of Regulation AB.
ARTICLE IV
DISTRIBUTIONS AND ADVANCES BY THE SERVICER
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Section 4.01 |
Advances. |
(a) The Servicer shall determine by each Servicer Advance Date whether it is required to make an Advance pursuant to the definition of Advance. If the Servicer determines it is required to make an Advance, it shall, by the Servicer Advance Date, either (i) deposit into the Certificate Account the Advance or (ii) make an appropriate entry in its records relating to the Certificate Account that any Amount Held for Future Distribution has been used by the Servicer in discharge of its obligation to make the Advance. The Servicer shall replace any funds so applied by making a deposit in the Certificate Account no later than the close of business on the next Servicer Advance Date. The Servicer shall be reimbursed from the Certificate Account for all Advances of its own funds made pursuant to this Section 4.01, as provided in Section 3.09. The obligation to make Advances with respect to any Mortgage Loan shall continue if the Mortgage Loan has been foreclosed or otherwise terminated and the related Mortgaged Property has not been liquidated. The Servicer shall inform the Trustee of the amount of the Advance to be made on each Servicer Advance Date no later than the second Business Day before the related Distribution Date.
(b) If the Servicer determines that it will be unable to comply with its obligation to make the Advances as and when described in the second sentence of Section 4.01(a), it shall use its best efforts to give written notice thereof to the Trustee (each such notice, an “Advance Notice” and such notice may be given by telecopy), not later than 3:00 p.m., (New York time), on the Business Day immediately preceding the related Servicer Advance Date, specifying the amount that it will be unable to deposit (each such amount, an “Advance Deficiency”) and certifying that such Advance Deficiency constitutes the amount of an Advance hereunder and that such Advance would not be a Nonrecoverable Advance. If the Trustee receives an Advance Notice on or before 3:00 p.m., (New York time) on a Servicer Advance Date, the Trustee is entitled to immediately terminate the Servicer under Section 7.01, and shall, not later than 3:00 p.m., (New York time), on the related Distribution Date, deposit in the Distribution Account an amount equal to the Advance Deficiency identified in such Advance Notice unless it is prohibited from so doing by applicable law. Notwithstanding the foregoing, the Trustee shall not be required to make such deposit if the Trustee shall have received written notification from the Servicer that the Servicer has deposited or caused to be deposited in the Certificate Account an amount equal to such Advance Deficiency by 3:00 p.m. (New York time) on the related Distribution Date. If the Trustee has not terminated the Servicer, the Servicer shall reimburse the Trustee for the amount of any such Advance Deficiency (including interest at the Prime Rate published in The Wall Street Journal on the day of such reimbursement on such amount), made by the Trustee pursuant to this Section 4.01(b), not later than the second day following the related Servicer Advance Date. In the event that the Servicer does not reimburse the Trustee in accordance with the requirements of the preceding sentence, the Trustee shall immediately (a) terminate all of the rights and obligations of the Servicer under this Agreement in accordance with Section 7.01 and (b) subject to the limitations set forth in Section 3.05, assume all of the rights and obligations of the Servicer hereunder.
(c) The Servicer shall, not later than the close of business on the Business Day immediately preceding each Servicer Advance Date, deliver to the Trustee a report (in form and substance reasonably satisfactory to the Trustee) that indicates (i) the Mortgage Loans with respect to which the Servicer has determined that the related Scheduled Payments should be
advanced and (ii) the amount of the related Scheduled Payments. The Servicer shall deliver to the Trustee on the related Servicer Advance Date an Officer’s Certificate of a Servicing Officer indicating the amount of any proposed Advance determined by the Servicer to be a Nonrecoverable Advance.
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Section 4.02 |
Priorities of Distribution. |
(I) Net Swap Payments and Swap Termination Payments (other than Swap Termination Payments resulting from a Swap Provider Trigger Event) payable by the Supplemental Interest Trust to the Swap Provider pursuant to the Swap Agreement shall be deducted from Interest Remittance Amount, and to the extent of any such remaining amounts due, from Principal Remittance Amount, prior to any distributions to the Certificateholders. On each Distribution Date, such amounts will be remitted to the Supplemental Interest Trust, first to make any Net Swap Payment owed to the Swap Provider pursuant to the Swap Agreement for such Distribution Date, and second to make any Swap Termination Payment (not due to a Swap Provider Trigger Event) owed to the Swap Provider pursuant to the Swap Agreement for such Distribution Date. The Trustee will then make the disbursements and transfers from amounts then on deposit in the Distribution Account in the following order of priority and, in each case, to the extent of the remaining Available Funds:
(a) Interest Distributions.
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(i) |
From the Interest Remittance Amount, |
(A) Concurrently, to the Class A-1, Class A-2, Class A-3 and Class A-4 Certificates, pro rata, the Accrued Certificate Interest Distribution Amount and Unpaid Interest Amounts for such Classes on that Distribution Date; and
(B) Sequentially, to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9 and Class M-10 Certificates, in that order, the Accrued Certificate Interest Distribution Amount for each such Class on that Distribution Date.
(b) Principal Distributions.
(i) with respect to each Distribution Date (x) before the Stepdown Date or (y) if a Trigger Event is in effect, as follows:
(A) (x) sequentially, to the Class A-1, Class A-2, Class A-3 and Class A-4 Certificates, in that order, the Principal Distribution Amount for that Distribution Date, until their respective Class Certificate Balances have been reduced to zero; provided, however, that with respect to any Distribution Date on which the aggregate Class Certificate Balance of the Subordinated Certificates has been reduced to zero and the Overcollateralization Amount for that Distribution Date is zero, the amount to be distributed to the Class A Certificates pursuant to this clause will be distributed concurrently to the Class A-1, Class A-2, Class A-3 and Class A-4 Certificates, pro rata, based on their Class Certificate Balances; and
(B) sequentially, to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9 and Class M-10
Certificates, in that order, the Principal Distribution Amount remaining for that Distribution Date, until their respective Class Certificate Balances have been reduced to zero.
(ii) with respect to each Distribution Date (x) on and after the Stepdown Date and (y) as long as a Trigger Event is not in effect, as follows:
(A) the Class A Principal Distribution Amount, sequentially, to the Class A-1, Class A-2, Class A-3 and Class A-4 Certificates, in that order, until their respective Class Certificate Balances have been reduced to zero; provided, however, that with respect to distributions on any Distribution Date on which the aggregate Class Certificate Balance of the Subordinated Certificates has been reduced to zero and the Overcollateralization Amount for such Distribution Date is equal to or less than zero, the amount to be distributed will be distributed concurrently to the Class A-1, Class A-2, Class A-3 and Class A-4 Certificates, pro rata (rather than sequentially), based on their respective Class Certificate Balances; and
(B) the remaining Principal Distribution Amount as follows:
(1) the Class M-1 Principal Distribution Amount to the Class M-1 Certificates, until their Class Certificate Balance has been reduced to zero;
(2) the Class M-2 Principal Distribution Amount to the Class M-2 Certificates, until their Class Certificate Balance has been reduced to zero;
(3) the Class M-3 Principal Distribution Amount to the Class M-3 Certificates, until their Class Certificate Balance has been reduced to zero;
(4) the Class M-4 Principal Distribution Amount to the Class M-4 Certificates, until their Class Certificate Balance has been reduced to zero;
(5) the Class M-5 Principal Distribution Amount to the Class M-5 Certificates, until their Class Certificate Balance has been reduced to zero;
(6) the Class M-6 Principal Distribution Amount to the Class M-6 Certificates, until their Class Certificate Balance has been reduced to zero;
(7) the Class M-7 Principal Distribution Amount to the Class M-7 Certificates, until their Class Certificate Balance has been reduced to zero;
(8) the Class M-8 Principal Distribution Amount to the Class M-8 Certificates, until their Class Certificate Balance has been reduced to zero;
(9) the Class M-9 Principal Distribution Amount to the Class M-9 Certificates, until their Class Certificate Balance has been reduced to zero; and
(10) the Class M-10 Principal Distribution Amount to the Class M-10 Certificates, until their Class Certificate Balance has been reduced to zero.
(c) Any amount of Available Funds remaining after the distributions in clauses (a) and (b) above shall be distributed in the following order of priority with respect to the Certificates:
(i) to fund the Extra Principal Distribution Amount for the Distribution Date to be paid as a component of the Principal Distribution Amount in the same order of priority as described in clause (b) above;
(ii) to the Class M-1 Certificates, any Unpaid Interest Amounts for the Class;
(iii) to the Class M-1 Certificates, any Unpaid Realized Loss Amount for the Class;
(iv) to the Class M-2 Certificates, any Unpaid Interest Amounts for the Class;
(v) to the Class M-2 Certificates, any Unpaid Realized Loss Amount for the Class;
(vi) to the Class M-3 Certificates, any Unpaid Interest Amounts for the Class;
(vii) to the Class M-3 Certificates, any Unpaid Realized Loss Amount for the Class;
(viii) to the Class M-4 Certificates, any Unpaid Interest Amounts for the Class;
(ix) to the Class M-4 Certificates, any Unpaid Realized Loss Amount for the Class;
(x) to the Class M-5 Certificates, any Unpaid Interest Amounts for the Class;
(xi) to the Class M-5 Certificates, any Unpaid Realized Loss Amount for the Class;
(xii) to the Class M-6 Certificates, any Unpaid Interest Amounts for the Class;
(xiii) to the Class M-6 Certificates, any Unpaid Realized Loss Amount for the Class;
(xiv) to the Class M-7 Certificates, any Unpaid Interest Amounts for the Class;
(xv) to the Class M-7 Certificates, any Unpaid Realized Loss Amount for the Class;
(xvi) to the Class M-8 Certificates, any Unpaid Interest Amounts for the Class;
(xvii) to the Class M-8 Certificates, any Unpaid Realized Loss Amount for the Class;
(xviii) to the Class M-9 Certificates, any Unpaid Interest Amounts for the Class;
(xix) to the Class M-9 Certificates, any Unpaid Realized Loss Amount for the Class;
(xx) to the Class M-10 Certificates, any Unpaid Interest Amounts for the Class;
(xxi) to the Class M-10 Certificates, any Unpaid Realized Loss Amount for the Class;
(xxii) to the Excess Reserve Fund Account, the amount of any Net WAC Cap Carry Forward Amount for such Distribution Date;
(xxiii) from funds on deposit in the Excess Reserve Fund Account, to the Certificateholders an amount equal to any Net WAC Cap Carryforward Amount for such Distribution Date in the order and priority specified in Section 4.02(IV);
(xxiv) to the Supplemental Interest Trust for payment to the Swap Provider, any Swap Termination Payments resulting from a Swap Provider Trigger Event not previously paid;
(xxv) to the holders of the Class C Certificate, (a) the Class C Distributable Amount and (b) on any Distribution Date on which the Certificate Balances of the Class A and Subordinate Certificates have been reduced to zero, any remaining amounts in reduction of the Certificate Balance of the Class C Certificates, until the Certificate Balance thereof has been reduced to zero (and for federal and state income tax purposes, such total amounts shall be treated as amounts distributed by REMIC IV to the Holder of the Class C Interest and by REMIC V to the Holder of the Class C Certificates);
(xxvi) if such Distribution Date follows the Prepayment Period during which occurs the latest date on which a Prepayment Charge may be required to be paid in respect of any Mortgage Loans, to the Holders of the Class P Certificates, in reduction of the Certificate Balance thereof, until the Certificate Balance thereof is reduced to zero (and for federal and state income tax purposes, such total amounts shall be treated as amounts distributed by REMIC IV to the Holder of the Class P Interest and by REMIC VI to the Holder of the Class P Certificates); and
(xxvii) to the holders of the Class R Certificates (in respect of the Class R-IV Interest), the remaining amount.
(II) On each Distribution Date, an amount equal to all Prepayment Charges received during the related Prepayment Period together with the amounts paid in respect thereof pursuant to Section 3.21 will be distributed to the holders of the Class P Certificates. The payment of the foregoing amounts to the Holders of the Class P Certificates shall not reduce the Certificate Balances thereof.
(III) Without limiting the provisions of Section 9.02, by acceptance of the Class R Certificates, the holders of the Class R Certificates agree, and it is the understanding of the parties hereto, for so long as the NIM Notes are outstanding, to assign and transfer their rights to receive any amounts otherwise distributable to the holders of the Class R Certificates (and such rights are hereby assigned and transferred) to the Holders of the Class C Certificates, to be paid to the holders of the Class C Certificates.
(IV) On each Distribution Date, the Trustee will make the disbursements and transfers from amounts then on deposit in the Excess Reserve Fund Account in the following order of priority, to the extent of funds available therefor:
From amounts on deposit in the Excess Reserve Fund Account as follows:
(i) concurrently, to each Class of Class A Certificates, pro rata, the amount of the Net WAC Cap Carry Forward Amount for each such Class; and
(ii) sequentially, to the Subordinated Certificates, in order of their payment priority, to the extent of any Net WAC Cap Carry Forward Amount for each such Class.
At least six (6) Business Days prior to the related Distribution Date, the Seller shall make available to the Trustee a statement containing (i) the aggregate Certificate Balances of each of the Class A Certificates and Subordinated Certificates owned by the Seller or any of its Affiliates during the immediately preceding Interest Accrual Period and/or as of the date of such statement to the Trustee and (ii) the names of the Sellers and/or any of its Affiliates that own any of the Class A Certificates or Subordinated Certificates during the immediately preceding Interest Accrual Period and/or as of the date of such statement to the Trustee. The Seller and its Affiliates hereby agree that (i) the Seller and its Affiliates shall own not less than 100% of any Class of Certificates and all transfers of Class A Certificates or Subordinated Certificates of any Class that the Seller and/or is Affiliates may undertake shall be restricted to 100% of such Class and (ii) neither the Seller nor any of its Affiliates shall undertake to sell any Certificates held by such entities or purchase any additional Certificates from the date of such statement to the Trustee until the first day following the related Distribution Date.
(V) On each Distribution Date, the Supplemental Interest Trust Administrator shall make the distributions required under Section 4.05(c).
(VI) It is the intention of all of the parties hereto that the Class C Certificates receive all principal and interest received by the Trust on the Mortgage Loans that is not otherwise distributable to any other Class of Regular Certificates or REMIC Regular Interests and that the Residual Certificates are to receive no principal and interest. If the Trustee determines that the Residual Certificates are entitled to any distributions, the Trustee, prior to any such distribution to any Residual Certificate, shall notify the Depositor of such impending distribution but shall
make such distribution in accordance with the terms of this Agreement until this Agreement is amended as specified in the following sentence. Upon such notification, the Depositor will request an amendment to the Pooling and Servicing Agreement to revise such mistake in the distribution provisions. The Residual Certificate Holders, by acceptance of their Certificates, and the Servicer(s), hereby agree to any such amendment and no further consent shall be necessary, notwithstanding anything to the contrary in Section 10.01 of this Pooling and Servicing Agreement; provided, however, that such amendment shall otherwise comply with Section 10.01 hereof.
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Section 4.03 |
Monthly Statements to Certificateholders. |
(a) Not later than each Distribution Date, the Trustee shall prepare and make available to each Certificateholder, the Servicer, the Depositor, the NIM Insurer and each Rating Agency on its Internet website a statement for the related distribution of:
(i) the applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Date;
(ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans, the amount of Advances included in the distribution on the Distribution Date, the amount of any Net Swap Payment to the Supplemental Interest Trust from the Swap Provider and any Swap Termination Payment to the Supplemental Interest Trust from the Swap Provider;
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(iii) |
the Servicing Fee and Trustee Fee for such Distribution Date; |
(iv) the amount of any Net Swap Payment from the Supplemental Interest Trust to the Swap Provider and any Swap Termination Payment from the Supplemental Interest Trust to the Swap Provider;
(v) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account;
(vi) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein;
(vii) the amount of the distribution allocable to interest, any Unpaid Interest Amounts included in the distribution and any remaining Unpaid Interest Amounts after giving effect to the distribution, any Net WAC Cap Carry Forward Amount for the Distribution Date, and the amount of all Net WAC Cap Carry Forward Amounts covered by withdrawals from the Excess Reserve Fund Account on the Distribution Date;
(viii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest, including any Net WAC Cap Carry Forward Amount not covered by amounts in the Excess Reserve Fund Account;
(ix) the amount of any Total Monthly Excess Spread on the Distribution Date and the allocation thereof to the Certificateholders with respect to Unpaid Realized Loss Amounts and Unpaid Interest Amounts;
(x) the Class Certificate Balance of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date;
(xi) the Pass-Through Rate for each Class of Certificates with respect to the Distribution Date;
(xii) the amount on deposit in the Certificate Account and Excess Reserve Fund Account (before and after giving effect to distributions on the Distribution Account Deposit Date and Distribution Date, respectively);
(xiii) the number of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Remittance Period and the last day of the related Remittance Period;
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(xiv) |
as of the last day of the related Remittance Period: |
(A) the weighted average mortgage rate of the Mortgage Loans, and
(B) the weighted average remaining term to maturity of the Mortgage Loans;
(xv) the number and aggregate outstanding balance of the Mortgage Loans as of the end of the preceding calendar month:
(A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days and
(B) in foreclosure and delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days,
as of the close of business on the last day of the calendar month preceding the Distribution Date;
(xvi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in such month and (B) delinquent sixty (60) days or more (determined in the same manner as for determining Scheduled Payment delinquencies that result in a Mortgage Loan being a 60+ Day Delinquent Loan) on the Due Date in such month;
(xvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of the Mortgage Loan as of the close of business on the Determination Date preceding the Distribution Date and the date of acquisition thereof;
(xviii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the Determination Date preceding the Distribution Date;
(xix) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments;
(xx) the aggregate amount of Advances reimbursed during the related Remittance Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date;
(xxi) the aggregate amount of Servicing Advances reimbursed during the related Remittance Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date;
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(xxii) |
reserved; |
(xxiii) the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Remittance Period due to material breaches of representations and warranties regarding such Mortgage Loans;
(xxiv) whether a Trigger Event is in effect separately identifying the components thereof;
(xxv) the aggregate amount of Applied Realized Loss Amounts incurred during the preceding calendar month and the aggregate Unpaid Realized Loss Amount through the Distribution Date;
(xxvi) with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delayed Delivery Mortgage Loans;
(xxvii) the Overcollateralization Amount for such Distribution Date and the Overcollateralization Target Amount for such Distribution Date; and
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(xxviii) |
Prepayment Charges collected, waived, and paid by the Servicer. |
For the purposes of determining delinquency periods in reporting under (ix) above, for any Monthly Statement, a Mortgage Loan’s delinquency period shall be determined as of the Due Date falling in the month in which the monthly statement is provided and a Mortgage Loan is first delinquent only after the first Due Date following the Due Date for which any part of a Scheduled Payment has not been paid, and each calendar month shall be treated as having 30 days. Thus, for the December Monthly Statement a Mortgage Loan whose November Due Date payment has not been paid by the December Due Date is not delinquent. On the day after the December Due Date, such Mortgage Loan would be one day delinquent. A Mortgage Loan whose November Due Date payment has not been paid by the December Due Date is 30 days past due as of the December Due Date, and would be reported as such in the December Monthly Statement.
If the statement is not accessible to any of the Certificateholders, the Servicer, the Depositor, the NIM Insurer or any Rating Agency on the Trustee’s Internet website, the Trustee shall forward a hard copy of it to each Certificateholder, the Servicer, the Depositor, the NIM Insurer and each Rating Agency immediately after the Trustee becomes aware that it is not accessible to any of them via its website. The address of the Trustee’s Internet website where the statement will be accessible is xxxxx://xxx.xxx.xx.xxx/xxxx. Assistance in using the Trustee’s Internet website may be obtained by calling the Trustee’s customer service desk at (000) 000-0000. The Trustee shall notify each Certificateholder, the Servicer, the Depositor, the NIM Insurer and each Rating Agency in writing of any change in the address or means of access to the Internet website where the statement is accessible.
(b) The Trustee’s responsibility for preparing and disbursing the above information to the Certificateholders is limited to the availability, timeliness, and accuracy of the information derived from the Servicer. The Trustee is not responsible for any inaccuracies in or caused by the data provided by the Servicer.
By each Determination Date, the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and 3.09(b)(ii) and any other information that the Servicer and the Trustee mutually agree, including, without limitation, the amount on deposit in the Certificate Account (before and after giving effect to remittances to the Trustee on the Distribution Account Deposit Date) and the aggregate amount of expenses paid from amounts on deposit in the Certificate Account.
(c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information in clauses (a)(i) and (a)(ii) (with respect to principal and interest distributed) of this Section 4.03 aggregated for the calendar year or the applicable portion thereof during which the Person was a Certificateholder. Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer, a statement containing the information in clauses (a)(i) and (a)(ii) (with respect to principal and interest distributed) of this Section 4.03 aggregated for the calendar year. This obligation of the Trustee shall be satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect.
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Section 4.04 |
Reserved. |
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Section 4.05 |
Supplemental Interest Trust. |
(a) As of the Closing Date, the Supplemental Interest Trust Administrator shall establish and maintain in the name of the Trustee a separate trust for the benefit of the holders of the Class A Certificates and Subordinated Certificates (the “Supplemental Interest Trust”) into which the Depositor shall deposit $1,000. The Supplemental Interest Trust shall hold the Swap Agreement. The Supplemental Interest Trust shall include an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee or of the Supplemental Interest Trust Administrator held pursuant to this Agreement. Amounts therein shall be held uninvested.
(b) On each Distribution Date, the Supplemental Interest Trust Administrator shall deposit into the Supplemental Interest Trust amounts received from the Trustee pursuant to
Section 4.02(I) of this Agreement. On each Distribution Date, the Supplemental Interest Trust Administrator shall distribute any such amounts to the Swap Provider pursuant to the Swap Agreement, first to pay any Net Swap Payment owed to the Swap Provider for such Distribution Date, and second to pay any Swap Termination Payment owed to the Swap Provider.
(c) On each Distribution Date, the Supplemental Interest Trust Administrator shall deposit into the Supplemental Interest Trust amounts received from the Swap Provider. On each Distribution Date, the Supplemental Interest Trust Administrator shall distribute from the Supplemental Interest Trust an amount equal to or less than the amount of any Net Swap Payment received from the Swap Provider under the Swap Agreement, in the following order of priority:
(1) concurrently, to the Class A Certificates, pro rata, in an amount equal to any Unpaid Interest Amounts (including any Unpaid Interest Amounts from prior Distribution Dates) to the extent not paid pursuant to Section 4.01(I)(a); provided, that for this purpose no Certificates held by the Seller, the Depositor or any Affiliate shall receive such distribution;
(2) sequentially, to the Subordinated Certificates, in order of their payment priority, in an amount equal to any Unpaid Interest Amounts (including any Unpaid Interest Amounts from prior Distribution Dates) to the extent not paid pursuant to Section 4.01(I)(c); provided, that for this purpose no Certificates held by the Seller, the Depositor or any Affiliate shall receive such distribution;
(3) concurrently, to the Classes of Certificates then entitled to distributions of principal, to fund the Extra Principal Distribution Amount for the Distribution Date, to be paid as a component of the Principal Distribution Amount in the same order of priority as described in Sections 4.01(I)(b) above; provided, that for this purpose no Certificates held by the Seller, the Depositor or any Affiliate shall receive such distribution;
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(4) |
[reserved]; |
(5) sequentially, to the Subordinated Certificates, in order of their payment priority, in an amount equal to any Unpaid Realized Losses to the extent not paid pursuant to Section 4.01(I)(c); provided, that for this purpose no Certificates held by the Seller, the Depositor or any Affiliate shall receive such distribution;
(6) to the Excess Reserve Fund Account, to pay the Class A Certificates and the Subordinated Certificates as follows: first, to the Class A Certificates, pro rata, any related Net WAC Cap Carry Forward Amounts for such Classes of Class A Certificates remaining unpaid on such Distribution Date, and second, sequentially, to the Subordinated Certificates, in order of their payment priority, any related Net WAC Cap Carry Forward Amounts for such Class or Classes of Subordinated Certificates remaining unpaid on such Distribution Date, in each case to the extent not covered by other amounts on deposit in the Excess Reserve Fund Account; provided, that for this purpose no Certificates held by the Seller, the Depositor or any Affiliate shall receive such distribution;
(7) subject to 4.05(i) below, to IndyMac Bank, F.S.B., the amount of such distribution that would otherwise be payable to Certificates held by the Seller, the Depositor or any Affiliate without the inclusion of the proviso in clauses (1) through (6) above;
(8) to the extent NIM Notes are issued, to the indenture trustee under the Indenture, that amount required to be distributed to the holders of the NIM Notes on the related Payment Date (as defined in the Indenture); and
(9) any remainder to IndyMac Bank, F.S.B.
(d) The Supplemental Interest Trust constitutes an “outside reserve fund” within the meaning of Treasury Regulation § 1.860G-2(h) and is not an asset of any REMIC. IndyMac Bank, F.S.B. shall be the beneficial owner of the Supplemental Interest Trust, as such entity is entitled to receive any remaining amounts payable by the Swap Provider under the Swap Agreement as described pursuant to Section 4.05(c), subject to the power of the Supplemental Interest Trust Administrator to transfer amounts under this Agreement. The Supplemental Interest Trust Administrator shall keep records that accurately reflect the funds on deposit in the Supplemental Interest Trust. The Supplemental Interest Trust Administrator shall, at the written direction of IndyMac Bank, F.S.B., invest amounts on deposit in the Supplemental Interest Trust in Permitted Investments. In the absence of written direction to the Supplemental Interest Trust Administrator from IndyMac Bank, F.S.B., all funds in the Supplemental Interest Trust shall remain uninvested. On each Distribution Date, the Supplemental Interest Trust Administrator shall distribute, not in respect of any REMIC, any interest earned on the Supplemental Interest Trust to IndyMac Bank, F.S.B. It is the intention of the parties hereto that, for federal income tax purposes, the Supplemental Interest Trust be disregarded as an entity separate from IndyMac Bank, F.S.B. IndyMac Bank F.S.B.’s ownership interest in the Supplemental Interest Trust may not be transferred (or re-transferred) unless 100% of the ownership interest is transferred (or re-transferred) to a single entity treated as a corporation for federal income tax purposes. IndyMac Bank F.S.B., and any subsequent owner of the Supplemental Interest Trust, will provide (and update as required or reasonably requested) an IRS Form W-9 or appropriate IRS Form W-8 to the Trustee.
(e) For federal income tax purposes, amounts paid to the Supplemental Interest Trust on each Distribution Date pursuant to Sections 4.02(I) and (V) shall first be deemed paid to the Supplemental Interest Trust in respect of REMIC VII Regular Interest SWAP IO to the extent of the amount distributable on REMIC VII Regular Interest SWAP IO on such Distribution Date, and any remaining amount shall be deemed paid to the Supplemental Interest Trust in respect of a Class IO Distribution Amount.
(f) The Supplemental Interest Trust Administrator shall treat the Holders of Certificates (other than the Class P, Class C, Class R and Class R-X Certificates) as having entered into a notional principal contract with the owners of the Supplemental Interest Trust. Pursuant to each such notional principal contract, all Holders of Certificates (other than the Class P, Class C, Class R and Class R-X Certificates) shall be treated as having agreed to pay, on each Distribution Date, to the owner of the Supplemental Interest Trust an aggregate amount equal to the excess, if any, of (i) the amount payable on such Distribution Date on the REMIC Regular Interest ownership of which is represented by such Class of Certificates over (ii) the amount payable on such Class of Certificates on such Distribution Date (such excess, a “Class IO Distribution Amount”). A Class IO Distribution Amount payable from interest collections shall be allocated pro rata among such Certificates based on the amount of interest otherwise payable
to such Certificates, and a Class IO Distribution Amount payable from principal collections shall be allocated to the most subordinate Class of such Certificates with an outstanding principal balance to the extent of such balance. In addition, pursuant to a notional principal contract, the Holder of the Class C Certificates shall be treated as having agreed to pay Net WAC Cap Carry Forward Amounts to the Holders of the Certificates (other than the Class C, Class P, Class R and Class R-X Certificates) in accordance with the terms of this Agreement. Any payments to such Certificates from amounts deemed received in respect of this notional principal contract shall not be payments with respect to a Regular Interest in a REMIC within the meaning of Code Section 860G(a)(1). However, any payment from the Certificates (other than the Class C, Class P, Class R and Class R-X Certificates) of a Class IO Distribution Amount shall be treated for tax purposes as having been received by the Holders of such Certificates in respect of the REMIC Regular Interest ownership of which is represented by such Certificates, and as having been paid by such Holders to the Supplemental Interest Trust pursuant to the notional principal contract. Thus, each Certificate (other than the Class P, Class R and Class R-X Certificates) shall be treated as representing not only ownership of a Regular Interest in REMIC IV, but also ownership of an interest in, and obligations with respect to, a notional principal contract.
(g) In the event that the Swap Agreement is terminated prior to the Distribution Date in January 2010, the Supplemental Interest Trust Administrator shall, as directed by and upon the recommendation of a nationally-recognized investment bank (which may be UBS Securities LLC), and using any Swap Termination Payments paid by the Swap Provider and deposited in the Supplemental Interest Trust, appoint a successor Swap Provider.
(h) Notwithstanding anything contained herein, in the event that a qualified successor Swap Provider is unable to be located, in accordance with Section 4.05(g) above, within 30 days after receipt by the Supplemental Interest Trust Administrator of the Swap Termination Payment paid by the terminated Swap Provider, the Supplemental Interest Trust Administrator shall deposit such Swap Termination Payment into a separate, non-interest bearing trust account established by the Supplemental Interest Trust Administrator and the Supplemental Interest Trust Administrator shall, on each Distribution Date following receipt of such Swap Termination Payment, withdraw from such account an amount equal to the Net Swap Payment, if any, that would have been paid to the Trust by the original Swap Provider (computed in accordance with the original Swap Agreement, attached hereto as Exhibit K) and distribute such amount in accordance with Section 4.05(c). On the Distribution Date immediately after the termination date of the original Swap Agreement, the Supplemental Interest Trust Administrator shall withdraw any funds remaining in such account and distribute such amount in accordance with this Agreement.
(i) The Seller shall promptly notify the Trustee in the event that any Certificates are held by the Seller, the Depositor or any Affiliate. In the absence of such notification, the Trustee on each Distribution Date may conclusively rely on the status of the Seller, the Depositor or any Affiliate as of the immediately preceding Record Date.
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Section 4.06 |
Tax Treatment of Net Swap Payments and Swap Termination Payments. |
For federal income tax purposes, each holder of a Class A or Subordinated Certificate is deemed to own an undivided beneficial ownership interest in a REMIC Regular Interest and the right to receive payments from either the Excess Reserve Fund Account or the Supplemental
Interest Trust in respect of any Net WAC Cap Carry Forward Amounts or the obligation to make payments to the Supplemental Interest Trust.
For federal income tax purposes, the Supplemental Interest Trust Administrator will account for payments to each Class A and Subordinated Certificates as follows: each Class A and Subordinated Certificate will be treated as receiving their entire payment from REMIC III (regardless of any Swap Termination Payment or obligation under the Swap Agreement) and subsequently paying their portion of any Swap Termination Payment in respect of each such Class’s obligation under the Swap Agreement. In the event that any such Class is resecuritized in a REMIC, the obligation under the Swap Agreement to pay any such Swap Termination Payment (or any shortfall in the fee to the Swap Provider), will be made by one or more of the REMIC Regular Interests issued by the resecuritization REMIC subsequent to such REMIC Regular Interest receiving its full payment from any such Class A or Subordinated Certificate. Resecuritization of any Class A or Subordinated Certificate in a REMIC will be permissible only if the Supplemental Interest Trust Administrator hereunder is the trustee/securities administrator in such resecuritization. The REMIC regular interest corresponding to a Class A or Subordinated Certificate will be entitled to receive interest and principal payments at the times and in the amounts equal to those made on the certificate to which it corresponds, except that (i) the maximum interest rate of that REMIC Regular Interest will equal the Net WAC Pass-Through Rate computed for this purpose by limiting the notional amount of the Swap Agreement to the aggregate principal balance of the Mortgage Loans and (ii) any Swap Termination Payment will be treated as being payable solely from Total Monthly Excess Spread. As a result of the foregoing, the amount of distributions and taxable income on the REMIC Regular Interest corresponding to a Class A or Subordinated Certificate may exceed the actual amount of distributions on the Class A or Subordinated Certificate.
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Section 4.07 |
Certain Matters Relating to the Determination of LIBOR. |
Until all of the LIBOR Certificates are paid in full, the Trustee will at all times retain at least four Reference Banks for the purpose of determining LIBOR with respect to each Interest Determination Date. The Servicer initially shall designate the Reference Banks. Each “Reference Bank” shall be a leading bank engaged in transactions in Eurodollar deposits in the international Eurocurrency market, shall not control, be controlled by or be under common control with, the Trustee and shall have an established place of business in London. If any such Reference Bank should be unwilling or unable to act as such or if the Servicer should terminate its appointment as Reference Bank, the Servicer shall promptly appoint another Reference Bank. The Trustee shall have no liability or responsibility to any Person for (i) the selection of any Reference Bank for purposes of determining LIBOR or (ii) any inability to retain at least four Reference Banks that is caused by circumstances beyond its reasonable control.
The Pass-Through Rate for each Class of LIBOR Certificates for each Interest Accrual Period shall be determined by the Trustee on each LIBOR Determination Date so long as the LIBOR Certificates are outstanding on the basis of LIBOR and the respective formulae appearing in footnotes corresponding to the LIBOR Certificates in the table relating to the Certificates in the Preliminary Statement. The Trustee shall not have any liability or responsibility to any Person for its inability, following a good-faith reasonable effort, to obtain quotations from the Reference Banks or to determine the arithmetic mean referred to in the definition of LIBOR, all as provided for in this Section 4.07 and the definition of LIBOR. The establishment of LIBOR and each Pass-Through Rate for the LIBOR Certificates by the Trustee shall (in the absence of manifest error) be final, conclusive and binding upon each Holder of a Certificate and the Trustee.
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Section 4.08 |
Distributions and Allocation of Realized Losses to the REMIC I Regular Interests, REMIC II Regular Interests and REMIC III Regular Interests. |
(I) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the Holders of the Class R Certificates (in respect of the Class R-I Interest), as the case may be:
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(A) |
to Holders of each of REMIC I Regular Interest I and REMIC I Regular Interest I-1-A through I-48-B, pro rata, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates; |
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(B) |
to the extent of amounts remaining after the distributions made pursuant to clause (i) above, payments of principal shall be allocated as follows: first, to REMIC I Regular Interest I until the Uncertificated Balance is reduced to zero and second, to REMIC I Regular interests I-1-A through I-48-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests, and second, to the extent of any Overcollateralization Release Amounts, to REMIC I Regular Interest I-48B until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; and |
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(C) |
to the Holders of REMIC I Regular Interest I-48-B, (A) on each Distribution Date, 100% of the amount paid in respect of Prepayment Charges and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause. |
(II) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC II to REMIC III on account of the REMIC II Regular Interests or withdrawn from the Distribution Account and distributed to the Holders of the Class R Certificates (in respect of the Class R-II Interest), as the case may be:
(A) to the Holders of REMIC II Regular Interest LTIO, in an amount equal to (A) accrued Uncertificated Interest for such REMIC II Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates;
(B) to Holders of REMIC II Regular Interest LTAA, REMIC II Regular Interest LTA1, REMIC II Regular Interest LTA2, REMIC II Regular Interest LTA3, REMIC II Regular Interest LTA4, REMIC II Regular Interest LTM1, REMIC II Regular Interest LTM2, REMIC II Regular Interest LTM3, REMIC II Regular Interest LTM4, REMIC II Regular Interest LTM5, REMIC II Regular Interest LTM6, REMIC II Regular Interest LTM7, REMIC II Regular Interest LTM8, REMIC II Regular
Interest LTM9, REMIC II Regular Interest LTM10, REMIC II Regular Interest LTZZ and REMIC II Regular Interest LTP, on a pro rata basis, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Interest in respect of REMIC II Regular Interest LTZZ shall be reduced and deferred when the REMIC II Overcollateralized Amount is less than the REMIC II Overcollateralization Target Amount, by the lesser of (x) the amount of such difference and (y) the Maximum LTZZ Uncertificated Interest Deferral Amount and such amount will be payable to the Holders of REMIC II Regular Interest LTA1, REMIC II Regular Interest LTA2, REMIC II Regular Interest LTA3, REMIC II Regular Interest LTA4, REMIC II Regular Interest LTM1, REMIC II Regular Interest LTM2, REMIC II Regular Interest LTM3, REMIC II Regular Interest LTM4, REMIC II Regular Interest LTM5, REMIC II Regular Interest LTM6, REMIC II Regular Interest LTM7, REMIC II Regular Interest LTM8, REMIC II Regular Interest LTM9 and REMIC II Regular Interest LTM10, in the same proportion as the Overcollateralization Increase Amount is allocated to the Corresponding Certificates and the Uncertificated Balance of the REMIC II Regular Interest LTZZ shall be increased by such amount;
(C) to the Holders of REMIC II Regular Interests, in an amount equal to the remainder of the REMIC II Marker Allocation Percentage of the Available Funds for such Distribution Date after the distributions made pursuant to clause (a) above, allocated as follows:
(i) 98.00% of such remainder (other than amounts payable under clause (iii) below) to the Holders of REMIC II Regular Interest LTAA and REMIC II Regular Interest LTP, until the Uncertificated Balance of such REMIC II Regular Interests are reduced to zero; provided, however, that REMIC II Regular Interest LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, at which point such amount shall be distributed to REMIC II Regular Interest LTP, until $100 has been distributed pursuant to this clause;
(ii) 2.00% of such remainder (other than amounts payable under clause (iii) below) first, to the Holders of REMIC II Regular Interest LTA1, REMIC II Regular Interest LTA2, REMIC II Regular Interest LTA3, REMIC II Regular Interest LTA4, REMIC II Regular Interest LTM1, REMIC II Regular Interest LTM2, REMIC II Regular Interest LTM3, REMIC II Regular Interest LTM4, REMIC II Regular Interest LTM5, REMIC II Regular Interest LTM6, REMIC II Regular Interest LTM7, REMIC II Regular Interest LTM8, REMIC II Regular Interest LTM9 and REMIC II Regular Interest LTM10, 1.00% of and in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Balances of such REMIC II Regular Interests are reduced to zero, and second, to the Holders of REMIC II Regular Interest LTZZ (other than amounts payable under clause (iii) below), 1.00% of such remainder, until the Uncertificated Balance of such REMIC II Regular Interest is reduced to zero; and
(iii) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-III Interest);
provided, however, that (a) 100% of the amount paid in respect of Prepayment Charges shall be allocated to the Holders of the REMIC II Regular Interest LTP and (b)(i) 98.00% and (ii) 2.00% of any principal payments that are attributable to an Overcollateralization Reduction Amount shall be allocated to Holders of (i) REMIC II Regular Interest LTAA and REMIC II Regular Interest LTP, in that order and (ii) REMIC II Regular Interest LTZZ, respectively; provided, that REMIC II Regular Interest LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, at which point such amount shall be distributed to REMIC II Regular Interest LTP, until $100 has been distributed pursuant to this clause; and
Notwithstanding the priorities and amounts of distribution of funds pursuant to this Section 4.08(I), actual distributions of the Available Funds shall be made only in accordance with Section 4.02.
On each Distribution Date, 100% of the amounts distributed on REMIC II Regular Interest LTIO shall be deemed distributed by REMIC II to REMIC III in respect of the Class IO Interest. Such amounts shall be deemed distributed by REMIC III to REMIC VI in respect of REMIC VI Regular Interest SWAP IO. Such amounts shall be deemed distributed by REMIC VI to the Swap Administrator for deposit into the Swap Account.
(D)(i) |
All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date, first, to REMIC I Regular Interest I until the Uncertificated Balance has been reduced to zero, and second, to REMIC I Regular Interest I-1-A through REMIC I Regular Interest I-48-B, starting with the lowest numerical denomination until such REMIC I Regular Interest has been reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such Realized Losses shall be allocated pro rata between such REMIC I Regular Interests. |
(iii) |
All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC II Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC II Regular Interest LTAA and REMIC II Regular Interest LTZZ up to an aggregate amount equal to the REMIC II Interest Loss Allocation Amount, 98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC II Regular Interest LTAA and REMIC II Regular Interest LTZZ up to an aggregate amount equal to the REMIC II Principal Loss Allocation Amount, 98% and 2%, respectively; third, to the Uncertificated Balances of REMIC II Regular Interest LTAA, REMIC II Regular Interest LTM10 and REMIC II Regular Interest LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest LTM10 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC II Regular Interest LTAA, REMIC II Regular Interest LTM9 and REMIC II Regular Interest LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest LTM9 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC II Regular Interest LTAA, REMIC II Regular Interest LTM8 and REMIC II Regular Interest LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest LTM8 has been reduced to zero; sixth, to the Uncertificated Balances of REMIC II Regular Interest LTAA, REMIC II Regular Interest LTM7 and REMIC II Regular Interest LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest LTM7 has been reduced to zero; seventh, to the Uncertificated Balances of REMIC II Regular Interest LTAA, REMIC II Regular |
Interest LTM6 and REMIC II Regular Interest LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest LTM6 has been reduced to zero; eighth, to the Uncertificated Balances of REMIC II Regular Interest LTAA, REMIC II Regular Interest LTM5 and REMIC II Regular Interest LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest LTM5 has been reduced to zero; ninth, to the Uncertificated Balances of REMIC II Regular Interest LTAA, REMIC II Regular Interest LTM4 and REMIC II Regular Interest LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest LTM4 has been reduced to zero; tenth, to the Uncertificated Balances of REMIC II Regular Interest LTAA, REMIC II Regular Interest LTM3 and REMIC II Regular Interest LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest LTM3 has been reduced to zero; eleventh, to the Uncertificated Balances of REMIC II Regular Interest LTAA, REMIC II Regular Interest LTM2 and REMIC II Regular Interest LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest LTM2 has been reduced to zero; and twelfth, to the Uncertificated Balances of REMIC II Regular Interest LTAA, REMIC II Regular Interest LTM1 and REMIC II Regular Interest LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest LTM1 has been reduced to zero.
ARTICLE V
THE CERTIFICATES
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Section 5.01 |
The Certificates. |
The Certificates shall be substantially in the forms attached hereto as exhibits. The Certificates shall be issuable in registered form, in minimum denominations representing an original principal amount of $100,000 and integral multiples of $1,000 in excess thereof (except that one Certificate in each Class may be issued in a different amount that must exceed the applicable minimum denomination) and aggregate denominations per Class set forth in REMIC III.
Subject to Section 9.02 respecting the final distribution on the Certificates, on each Distribution Date, the Trustee shall make distributions to each Certificateholder of record on the preceding Record Date either:
(x) by wire transfer in immediately available funds to the account of the Holder at a bank or other entity having appropriate facilities therefor, if the Holder has so notified the Trustee at least five (5) Business Days before the related Record Date; and
(y) by check mailed by first class mail to the Certificateholder at the address of such holder appearing in the Certificate Register.
The Trustee shall execute the Certificates by manual or facsimile signature of an authorized officer. Certificates bearing the manual or facsimile signatures of individuals who were, at the time such signatures were affixed, authorized to sign on behalf of the Trustee shall bind the Trustee, notwithstanding that such individuals or any of them have ceased to be so authorized before the countersignature and delivery of any such Certificates or did not hold such offices at the date of such Certificate. No Certificate shall be entitled to any benefit under this Agreement, or be valid for any purpose, unless countersigned by the Trustee by manual signature, and such countersignature upon any Certificate shall be conclusive evidence, and the only evidence, that such Certificate has been duly executed and delivered hereunder. All Certificates shall be dated the date of their countersignature. On the Closing Date, the Trustee shall countersign the Certificates to be issued at the direction of the Depositor, or any affiliate thereof.
The Depositor shall provide to the Trustee, on a continuous basis, an adequate inventory of Certificates to facilitate transfers.
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Section 5.02 |
Certificate Register; Registration of Transfer and Exchange of Certificates. |
(a) The Trustee shall maintain, in accordance with Section 5.06, a Certificate Register for the Trust Fund in which, subject to subsections (b) and (c) below and to such reasonable regulations as it may prescribe, the Trustee shall provide for the registration of Certificates and of transfers and exchanges of Certificates as herein provided. Upon surrender for registration of transfer of any Certificate, the Trustee shall execute and deliver, in the name of the designated transferee or transferees, one or more new Certificates of the same Class and aggregate Percentage Interest.
At the option of a Certificateholder, Certificates may be exchanged for other Certificates of the same Class in authorized denominations and evidencing the same aggregate Percentage Interest upon surrender of the Certificates to be exchanged at the office or agency of the Trustee. Whenever any Certificates are so surrendered for exchange, the Trustee shall execute, countersign and deliver the Certificates that the Certificateholder making the exchange is entitled to receive. A written instrument of transfer in form satisfactory to the Trustee duly executed by the Holder or his attorney duly authorized in writing shall accompany every Certificate presented or surrendered for registration of transfer or exchange. In addition, (i) with respect to each Class R Certificate, the holder thereof may exchange, in the manner described above, such Class R Certificate for three separate certificates, each representing such holder’s respective Percentage Interest in the Class R-I Interest, the Class R-II Interest and the Class R-III Interest that was evidenced by the Class R Certificate being exchanged and (ii) with respect to each Class R-X Certificate, the holder thereof may exchange, in the manner described above, such Class R-X Certificate for three separate certificates, each representing such holder’s respective Percentage Interest in the Class R-IV Interest, the Class R-V Interest and the Class R-VI Interest that was evidenced by the Class R-X Certificate being exchanged.
No service charge to the Certificateholders shall be made for any registration of transfer or exchange of Certificates, but payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any transfer or exchange of Certificates may be required.
All Certificates surrendered for registration of transfer or exchange shall be cancelled and subsequently destroyed by the Trustee in accordance with the Trustee’s customary procedures.
(b) No transfer of a Private Certificate shall be made unless such transfer is made pursuant to an effective registration statement under the Securities Act and any applicable state securities laws or is exempt from the registration requirements under said Act and any applicable state securities laws. In the event that such a transfer of a Private Certificate is to be made without registration or qualification (other than in connection with (i) the initial transfer of any such Certificate by the Depositor to an Affiliate thereof, (ii) the transfer of any such Class C, Class P or Residual Certificate to the applicable issuer or indenture trustee under the Indenture or (iii) a transfer of any such Class C, Class P or Residual Certificate from the applicable issuer or indenture trustee under the Indenture to the Depositor or an Affiliate thereof), but in reliance on an exemption from the Securities Act and any applicable state securities laws, to assure compliance with the Securities Act and any applicable state securities laws, the Certificateholder desiring to effect the transfer shall certify to the Trustee in writing the facts surrounding the transfer in substantially the form of Exhibit J (the “Transferor Certificate”) and either (i) deliver to the Trustee a letter in substantially the form of Exhibit L (the “Rule 144A Letter”) or (ii) deliver to the Trustee at the expense of the transferor an Opinion of Counsel that the transfer may be made without registration under the Securities Act. The Depositor shall provide to any Holder of a Private Certificate and any prospective transferee designated by the Holder of a Private Certificate, information regarding the related Certificates and the Mortgage Loans and any other information necessary to satisfy the condition to eligibility in Rule 144A(d)(4) for transfer of the Certificate without registration thereof under the Securities Act pursuant to the registration exemption provided by Rule 144A. The Trustee and the Servicer shall cooperate with the Depositor in providing the Rule 144A information referenced in the preceding sentence, including providing to the
Depositor such information regarding the Certificates, the Mortgage Loans and other matters regarding the Trust Fund the Depositor reasonably requests to meet its obligation under the preceding sentence. Each Holder of a Private Certificate desiring to effect a transfer shall, and does hereby agree to, indemnify the Trustee, the NIM Insurer, the Depositor, the Seller, and the Servicer against any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws.
No transfer of an ERISA-Restricted Certificate shall be made unless the Trustee and the NIM Insurer shall have received either:
(i) a representation from the transferee of such Certificate acceptable to and in form and substance satisfactory to the Trustee and the NIM Insurer (if the Certificate is a Private Certificate, the requirement is satisfied only by the Trustee’s receipt of a representation letter from the transferee substantially in the form of Exhibit L, and if the Certificate is a Residual Certificate, the requirement is satisfied only by the Trustee’s receipt of a Transfer Affidavit from the transferee substantially in the form of Exhibit I), to the effect that (x) the transferee is not an employee benefit plan or arrangement subject to Section 406 of ERISA or a plan subject to Section 4975 of the Code, or a Person acting on behalf of any such plan or arrangement or using the assets of any such plan or arrangement to effect the transfer, or (y) if the ERISA-Restricted Certificate is not a Class C, Class R or Class R-X Certificate and has been the subject of an ERISA-Qualifying Underwriting and the purchaser is an insurance company, a representation that the purchaser is an insurance company that is purchasing such Certificates with funds contained in an “insurance company general account” (as such term is defined in Section V(e) of Prohibited Transaction Class Exemption 95-60 (“PTCE 95-60”) and that the purchase and holding of such Certificates are covered under Sections I and III of PTCE 95-60; or
(ii) in the case of any ERISA-Restricted Certificate presented for registration in the name of an employee benefit plan subject to ERISA, or a plan or arrangement subject to Section 4975 of the Code (or comparable provisions of any subsequent enactments), or a trustee of any such plan or any other Person acting on behalf of any such plan or arrangement or using such plan’s or arrangement’s assets, an Opinion of Counsel satisfactory to the Trustee, the NIM Insurer and the Servicer, which Opinion of Counsel shall not be an expense of the Trustee, the NIM Insurer, the Servicer or the Trust Fund, addressed to the Trustee, to the effect that the purchase or holding of such ERISA-Restricted Certificate will not result in a nonexempt prohibited transaction under ERISA or Section 4975 of the Code and will not subject the Trustee, the NIM Insurer or the Servicer to any obligation in addition to those expressly undertaken in this Agreement or to any liability.
For purposes of the preceding sentence, neither an Opinion of Counsel nor any certification shall be required in connection with (i) the initial transfer of any such Certificate by the Depositor to an Affiliate thereof, (ii) the transfer of any such Class C, Class P or Residual Certificate to the applicable issuer or indenture trustee under the Indenture or (iii) a transfer of any such Class C, Class P or Residual Certificate from the issuer or indenture trustee under the Indenture to the Depositor or an Affiliate thereof (in which case, the Depositor or any Affiliate thereof shall have deemed to have represented that it is not using the assets of any plan or arrangement subject to Section
406 of ERISA or plan subject to Section 4975 of the Code) and the Trustee shall be entitled to conclusively rely upon a representation (which, upon the request of the Trustee, shall be a written representation) from the Depositor of the status of such transferee as an Affiliate of the Depositor. In addition, with respect to transfers of an ERISA-Restricted Certificate (that is not a Residual Certificate) other than as described in the preceding sentence, if the representation letter or Opinion of Counsel referred to in the preceding sentence is not furnished, the appropriate representation in clause (i) shall be deemed to have been made to the Trustee by the transferee’s (including an initial acquirer’s) acceptance of the ERISA-Restricted Certificates. If any such representation in the preceding sentences is violated, or any attempt to transfer to a plan or arrangement subject to Section 406 of ERISA or a plan subject to Section 4975 of the Code, or a Person acting on behalf of any such plan or arrangement or using the assets of any such plan or arrangement, is made without the Opinion of Counsel, the attempted transfer or acquisition shall be void.
For so long as the Supplemental Interest Trust is in existence, each beneficial owner of a Class A or Subordinate Certificate or any interest therein, shall be deemed to have represented, by virtue of its acquisition or holding of such Certificate, or interest therein, that either (i) it is not a Plan or (ii) (A) it is an "accredited investor" as defined in Rule 501(a)(1) of Regulation D issued under the Securities Act and (B) the acquisition and holding of such Certificate and the separate right to receive payments from the Supplemental Interest Trust are eligible for the exemptive relief available Prohibited Transaction 84-14, 90-1, 91-38, 95-60 or 96-23.
Each beneficial owner of a Subordinated Certificate or any interest therein that is acquired after the termination of the Supplemental Interest Trust shall be deemed to have represented, by virtue of its acquisition or holding of that certificate or interest therein, that either (i) it is not a plan or arrangement subject to Section 406 of ERISA or a plan subject to Section 4975 of the Code, or a Person acting on behalf of any such plan or arrangement or using the assets of any such plan or arrangement, (ii) it has acquired and is holding such certificate in reliance on the Underwriter’s Exemption, and that it understands that there are certain conditions to the availability of the Underwriter’s Exemption, including that such certificate must be rated, at the time of purchase, not lower than “BBB-” (or its equivalent) by S&P, Fitch or Xxxxx’x, and such certificate is so rated, that it will represent that it is an “accredited investor” as defined in Rule 501(a)(1) of Regulation D issued under the Securities Act and will obtain a representation from any transferee that such transferee is an accredited investor so long as it is required to obtain a representation regarding compliance with the Securities Act or (iii) (1) it is an insurance company, (2) the source of funds used to acquire or hold the certificate or interest therein is an “insurance company general account,” as such term is defined in PTCE 95-60, and (3) the conditions in Sections I and III of PTCE 95-60 have been satisfied.
To the extent permitted under applicable law (including ERISA), the Trustee shall not be liable to any Person for any registration of transfer of any ERISA-Restricted Certificate that is in fact not permitted by this Section 5.02(b) or for making any payments due on such Certificate to the Holder thereof or taking any other action with respect to such Holder under this Agreement so long as the transfer was registered by the Trustee in accordance with the foregoing requirements.
(c) Each Person who has or who acquires any Ownership Interest in a Residual Certificate shall be deemed by the acceptance or acquisition of such Ownership Interest to have agreed to be bound by the following provisions, and the
rights of each Person acquiring any Ownership Interest in a Residual Certificate are expressly subject to the following provisions:
(i) Each Person holding or acquiring any Ownership Interest in a Residual Certificate shall be a Permitted Transferee and shall promptly notify the Trustee (with a copy of any such notice to the NIM Insurer) of any change or impending change in its status as a Permitted Transferee.
(ii) No Ownership Interest in a Residual Certificate may be registered on the Closing Date or thereafter transferred, and the Trustee shall not register the Transfer of any Residual Certificate unless, in addition to the certificates required to be delivered to the Trustee under subparagraph (b) above, the Trustee shall have been furnished with an affidavit (a copy of which shall be provided to the NIM Insurer) (a “Transfer Affidavit”) of the initial owner or the proposed transferee in the form of Exhibit I (subject to the limitations with respect thereto as set forth in Section 5.02(b)).
(iii) Subject to the limitations set forth in Section 5.02(b), each Person holding or acquiring any Ownership Interest in a Residual Certificate shall agree:
(A) to obtain a Transfer Affidavit from any other Person to whom such Person attempts to Transfer its Ownership Interest in a Residual Certificate;
(B) to obtain a Transfer Affidavit from any Person for whom such Person is acting as nominee, trustee or agent in connection with any Transfer of a Residual Certificate; and
(C) not to Transfer its Ownership Interest in a Residual Certificate or to cause the Transfer of an Ownership Interest in a Residual Certificate to any other Person if it has actual knowledge that such Person is not a Permitted Transferee.
(iv) Any attempted or purported Transfer of any Ownership Interest in a Residual Certificate in violation of this Section 5.02(c) shall be absolutely null and void and shall vest no rights in the purported Transferee. If any purported transferee shall become a Holder of a Residual Certificate in violation of this Section 5.02(c), then the last preceding Permitted Transferee shall be restored to all rights as Holder thereof retroactive to the date of registration of Transfer of such Residual Certificate. The Trustee shall not be liable to any Person for any registration of Transfer of a Residual Certificate that is in fact not permitted by Section 5.02(b) and this Section 5.02(c) or for making any payments due on such Certificate to the Holder thereof or taking any other action with respect to such Holder under this Agreement so long as the Transfer was registered after receipt of the related Transfer Affidavit, Transferor Certificate and either the Rule 144A Letter or the Investment Letter. The Trustee shall be entitled but not obligated to recover from any Holder of a Residual Certificate that was in fact not a Permitted Transferee at the time it became a Holder or, at such subsequent time as it became other than a Permitted Transferee, all payments made on such Residual Certificate at and after either such time. Any such payments so recovered by the Trustee shall be paid and delivered by the Trustee to the last preceding Permitted Transferee of such Certificate.
(v) The Depositor shall use its best efforts to make available, upon receipt of written request from the Trustee, all information necessary to compute any tax imposed under Section 860E(e) of the Code as a result of a Transfer of an Ownership Interest in a Residual Certificate to any Holder who is not a Permitted Transferee.
The restrictions on Transfers of a Residual Certificate in this Section 5.02(c) shall cease to apply (and the applicable portions of the legend on a Residual Certificate may be deleted) with respect to Transfers occurring after delivery to the Trustee of an Opinion of Counsel, which Opinion of Counsel shall not be an expense of the Trust Fund, the Trustee, the Seller, the NIM Insurer or the Servicer, to the effect that the elimination of such restrictions will not cause the Trust Fund hereunder to fail to qualify as a REMIC at any time that the Certificates are outstanding or result in the imposition of any tax on the Trust Fund, a Certificateholder or any other Person. The Opinion of Counsel shall be accompanied by written notification from each Rating Agency that the removal of the restriction will not cause the Rating Agency to downgrade its ratings of the Certificates. Each Person holding or acquiring any Ownership Interest in a Residual Certificate hereby consents to any amendment of this Agreement that, based on an Opinion of Counsel furnished to the Trustee, is reasonably necessary (a) to ensure that the record ownership of, or any beneficial interest in, a Residual Certificate is not transferred, directly or indirectly, to a Person that is not a Permitted Transferee and (b) to provide for a means to compel the Transfer of a Residual Certificate that is held by a Person that is not a Permitted Transferee to a Holder that is a Permitted Transferee.
(d) The preparation and delivery of all certificates and opinions referred to above in this Section 5.02 in connection with transfer shall be at the expense of the parties to such transfers.
(e) Except as provided below, the Book-Entry Certificates shall at all times remain registered in the name of the Depository or its nominee and at all times:
(i) registration of the Certificates may not be transferred by the Trustee except to another Depository;
(ii) the Depository shall maintain book-entry records with respect to the Certificate Owners and with respect to ownership and transfers of such Book-Entry Certificates;
(iii) ownership and transfers of registration of the Book-Entry Certificates on the books of the Depository shall be governed by applicable rules established by the Depository;
(iv) the Depository may collect its usual and customary fees, charges, and expenses from its Depository Participants;
(v) the Trustee shall deal with the Depository, Depository Participants and indirect participating firms as representatives of the Certificate Owners of the Book-Entry Certificates for purposes of exercising the rights of holders under this Agreement, and requests and directions for and votes of such representatives shall not be deemed to be inconsistent if they are made with respect to different Certificate Owners; and
(vi) the Trustee may rely and shall be fully protected in relying upon information furnished by the Depository with respect to its Depository Participants and
furnished by the Depository Participants with respect to indirect participating firms and persons shown on the books of such indirect participating firms as direct or indirect Certificate Owners.
All transfers by Certificate Owners of Book-Entry Certificates shall be made in accordance with the procedures established by the Depository Participant or brokerage firm representing the Certificate Owner. Each Depository Participant shall only transfer Book-Entry Certificates of Certificate Owners it represents or of brokerage firms for which it acts as agent in accordance with the Depository’s normal procedures.
If (x)
(i) the Depository or the Depositor advises the Trustee in writing that the Depository is no longer willing or able to properly discharge its responsibilities as Depository, and
(ii) the Trustee or the Depositor is unable to locate a qualified successor, or
(y) after the occurrence of an Event of Default, Certificate Owners representing at least 51% of the Certificate Balance of the Book-Entry Certificates together advise the Trustee and the Depository through the Depository Participants in writing that the continuation of a book-entry system through the Depository is no longer in the best interests of the Certificate Owners,
then the Trustee shall notify all Certificate Owners, through the Depository, of the occurrence of any such event and of the availability of definitive, fully-registered Certificates (the “Definitive Certificates”) to Certificate Owners requesting the same. Upon surrender to the Trustee of the related Class of Certificates by the Depository, accompanied by the instructions from the Depository for registration, the Trustee shall issue the Definitive Certificates. None of the Servicer, the Depositor or the Trustee shall be liable for any delay in delivery of such instruction, and each may conclusively rely on, and shall be protected in relying on, such instructions. The Servicer shall provide the Trustee with an adequate inventory of certificates to facilitate the issuance and transfer of Definitive Certificates. Upon the issuance of Definitive Certificates, all references herein to obligations imposed upon or to be performed by the Depository shall be deemed to be imposed upon and performed by the Trustee, to the extent applicable with respect to such Definitive Certificates, and the Trustee shall recognize the Holders of the Definitive Certificates as Certificateholders hereunder; provided, that the Trustee shall not by virtue of its assumption of such obligations become liable to any party for any act or failure to act of the Depository.
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Section 5.03 |
Mutilated, Destroyed, Lost or Stolen Certificates. |
If (a) any mutilated Certificate is surrendered to the Trustee, or (b) the Trustee receives evidence to its satisfaction of the destruction, loss or theft of any Certificate and the Servicer, the NIM Insurer and the Trustee receive the security or indemnity required by them to hold each of them harmless, then, in the absence of notice to the Trustee that the Certificate has been acquired by a Protected Purchaser, and if the requirements of Section 8-406 of the UCC are met and subject to Section 8-405 of the UCC, the Trustee shall execute, countersign and deliver, in exchange for or in lieu of any mutilated, destroyed, lost or stolen Certificate, a new Certificate
of like Class, tenor and Percentage Interest. In connection with the issuance of any new Certificate under this Section 5.03, the Trustee may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. Any replacement Certificate issued pursuant to this Section 5.03 shall constitute complete and indefeasible evidence of ownership, as if originally issued, whether or not the lost, stolen or destroyed Certificate is found at any time.
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Section 5.04 |
Persons Deemed Owners. |
The Servicer, the Trustee, the NIM Insurer and any agent of the Servicer or the Trustee may treat the Person in whose name any Certificate is registered as the owner of such Certificate for the purpose of receiving distributions as provided in this Agreement and for all other purposes whatsoever, and none of the Servicer, the Trustee, the NIM Insurer or any agent of the Servicer or the Trustee shall be affected by any notice to the contrary.
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Section 5.05 |
Access to List of Certificateholders’ Names and Addresses. |
If three or more Certificateholders and/or Certificate Owners (a) request such information in writing from the Trustee, (b) state that those Certificateholders and/or Certificate Owners desire to communicate with other Certificateholders and/or Certificate Owners with respect to their rights under this Agreement or under the Certificates and (c) provide a copy of the communication that those Certificateholders and/or Certificate Owners propose to transmit, or if the Depositor or Servicer requests such information in writing from the Trustee, then the Trustee shall, within ten (10) Business Days after the receipt of the request, provide the Depositor, the Servicer or those Certificateholders and/or Certificate Owners at the recipients’ expense the most recent list of the Certificateholders of the Trust Fund held by the Trustee. The Depositor and every Certificateholder, by receiving and holding a Certificate, agree that the Trustee shall not be held accountable because of the disclosure of any such information as to the list of the Certificateholders and/or Certificate Owners hereunder, regardless of the source from which the information was derived.
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Section 5.06 |
Maintenance of Office or Agency. |
The Trustee will maintain at its expense an office or agency in the United States. Currently, that office is located at DB Services Tennessee, 000 Xxxxxxxxx Xxxx Xxxx, Xxxxxxxxx, Xxxxxxxxx 00000-0000, Attention: Transfer Unit, where Certificates may be surrendered for registration of transfer or exchange. The Trustee will give prompt written notice to the Certificateholders of any change in the location of its office or agency.
ARTICLE VI
THE DEPOSITOR AND THE SERVICER
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Section 6.01 |
Respective Liabilities of the Depositor and the Servicer. |
The Depositor and the Servicer shall each be liable in accordance herewith only to the extent of the obligations specifically and respectively imposed upon and undertaken by them herein.
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Section 6.02 |
Merger or Consolidation of the Depositor or the Servicer. |
The Depositor and the Servicer will each keep in full effect its existence, rights and franchises as a corporation or federal savings bank, as the case may be, under the laws of the United States or under the laws of one of the states thereof and will each obtain and preserve its qualification to do business as a foreign corporation in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, or any of the Mortgage Loans and to perform its respective duties under this Agreement.
Any Person into which the Depositor or the Servicer may be merged or consolidated, or any Person resulting from any merger or consolidation to which the Depositor or the Servicer shall be a party, or any person succeeding to the business of the Depositor or the Servicer, shall be the successor of the Depositor or the Servicer, as the case may be, hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding. The successor or surviving Person to the Servicer must be qualified to sell mortgage loans to, and to service mortgage loans on behalf of, FNMA or FHLMC.
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Section 6.03 |
Limitation on Liability of the Depositor, the Seller, the Servicer, and Others. |
None of the Depositor, the Seller, the Servicer, the NIM Insurer or any of the directors, officers, employees, or agents of the Depositor, the Seller, the NIM Insurer, or the Servicer shall be liable to the Certificateholders for any action taken or for refraining from taking any action in good faith pursuant to this Agreement, or for errors in judgment. This provision shall not protect the Depositor, the Seller, the Servicer, or any such person against any breach of representations or warranties made by it herein or protect the Depositor, the Seller, the Servicer, or any such person from any liability that would otherwise be imposed for willful misfeasance, bad faith, or gross negligence in the performance of duties or because of reckless disregard of obligations and duties hereunder.
The Depositor, the Seller, the Servicer, the NIM Insurer and any director, officer, employee, or agent of the Depositor, the Seller, the NIM Insurer, or the Servicer may rely in good faith on any document of any kind prima facie properly executed and submitted by any Person respecting any matters arising hereunder.
The Depositor, the NIM Insurer, the Seller, the Servicer and any director, officer, employee, or agent of the Depositor, the Seller, the NIM Insurer or the Servicer shall be indemnified by the Trust Fund for any loss, liability, or expense incurred in connection with any audit, controversy, or judicial proceeding relating to a governmental taxing authority or any legal action relating to this Agreement or the Certificates, other than any loss, liability, or
expense related to any specific Mortgage Loans (except any loss, liability, or expense otherwise reimbursable pursuant to this Agreement) and any loss, liability, or expense incurred because of willful misfeasance, bad faith, or gross negligence in the performance of duties hereunder or because of reckless disregard of duties hereunder.
None of the Depositor, the Seller or the Servicer shall be under any obligation to appear in, prosecute or defend any legal action that is not incidental to its respective duties hereunder and which in its opinion may involve it in any expense or liability; provided, however, that any of the Depositor, the Seller or the Servicer may in its discretion undertake any such legal action that it may deem appropriate in respect of this Agreement and the rights and duties of the parties hereto and interests of the Trustee and the Certificateholders hereunder or with respect to the Mortgage Loans. In such event, the legal expenses and costs of such action and any liability resulting therefrom shall be expenses, costs and liabilities of the Trust Fund, and the Depositor, the Seller, and the Servicer shall be entitled to be reimbursed therefor out of the Certificate Account.
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Section 6.04 |
Limitation on Resignation of the Servicer. |
The Servicer shall not resign from the obligations hereby imposed on it except (a) upon appointment of a successor servicer that is reasonably acceptable to the Trustee and the NIM Insurer and receipt by the Trustee of a letter from each Rating Agency that the resignation and appointment will not result in a downgrading of the rating of any of the Certificates or (b) upon determination that its duties hereunder are no longer permissible under applicable law. Any such determination under clause (b) permitting the resignation of the Servicer shall be evidenced by an Opinion of Counsel to that effect delivered to the Trustee. No such resignation shall become effective until the Trustee or a successor Servicer shall have assumed the Servicer’s obligations hereunder.
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Section 6.05 |
Inspection. |
The Servicer, in its capacity as Servicer, shall afford the Trustee and the NIM Insurer, upon reasonable advance notice, during normal business hours, access to all records maintained by the Servicer in respect of its rights and obligations hereunder and access to officers of the Servicer responsible for such obligations. Upon request, the Servicer shall furnish to the Trustee and the NIM Insurer its most recent publicly available financial statements and any other information relating to its capacity to perform its obligations under this Agreement reasonably requested by the NIM Insurer.
ARTICLE VII
DEFAULT
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Section 7.01 |
Events of Default. |
“Event of Default,” wherever used herein, means any one of the following events:
(a) any failure by the Servicer to deposit in the Certificate Account or remit to the Trustee any payment (other than a payment required to be made under Section 4.01) required to be made by it under this Agreement, which failure continues unremedied for five days after the date on which written notice of the failure has been given to the Servicer by the Trustee, the NIM Insurer, or the Depositor, or to the Servicer, the NIM Insurer, and the Trustee by the Holders of Certificates of any Class evidencing not less than 25% of the aggregate Percentage Interests of the Class; or
(b) any failure by the Servicer to observe or perform in any material respect any other of the covenants or agreements on the part of the Servicer contained in this Agreement, which failure materially affects the rights of Certificateholders and continues unremedied for a period of sixty (60) days after the date on which written notice of such failure shall have been given to the Servicer by the Trustee, the NIM Insurer, or the Depositor, or to the Servicer, the NIM Insurer, and the Trustee by the Holders of Certificates of any Class evidencing not less than 25% of the Percentage Interests of the Class; provided that the sixty day cure period shall not apply to the initial delivery of the Mortgage File for Delayed Delivery Mortgage Loans nor the failure to repurchase or substitute in lieu thereof; or
(c) a decree or order of a court or agency or supervisory authority having jurisdiction in the premises for the appointment of a receiver, conservator or liquidator in any insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against the Servicer and such decree or order shall have remained in force undischarged or unstayed for a period of sixty (60) consecutive days; or
(d) the Servicer shall consent to the appointment of a receiver, conservator or liquidator in any insolvency, readjustment of debt, marshalling of assets and liabilities, or similar proceedings of or relating to the Servicer or all or substantially all of the property of the Servicer; or
(e) the Servicer shall admit in writing its inability to pay its debts generally as they become due, file a petition to take advantage of, or commence a voluntary case under, any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily suspend payment of its obligations; or
(f) the Servicer shall fail (i) to make an Advance on the Servicer Advance Date or (ii) to reimburse in full the Trustee within two days of the Servicer Advance Date for any Advance made by the Trustee pursuant to Section 4.01(b).
If an Event of Default described in clauses (a) through (f) of this Section 7.01 shall occur, then, and in each and every such case, so long as such Event of Default shall not have been remedied, the Trustee may, or at the direction of the NIM Insurer or the Holders of
Certificates of any Class evidencing not less than 662/3% of the Percentage Interests of the Class, the Trustee shall by notice in writing to the Servicer (with a copy to each Rating Agency), terminate all of the rights and obligations of the Servicer under this Agreement and in the Mortgage Loans and the proceeds thereof, other than its rights as a Certificateholder hereunder. On and after the receipt by the Servicer of such written notice, all authority and power of the Servicer hereunder, whether with respect to the Mortgage Loans or otherwise, shall pass to and be vested in the Trustee. The Trustee shall make any Advance that the Servicer failed to make, whether or not the obligations of the Servicer have been terminated pursuant to this Section.
The Trustee is hereby authorized and empowered to execute and deliver, on behalf of the Servicer, as attorney-in-fact or otherwise, any documents and other instruments, and to do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement or assignment of the Mortgage Loans and related documents, or otherwise. Unless expressly provided in such written notice, no such termination shall affect any obligation of the Servicer to pay amounts owed pursuant to Article VIII. The Servicer agrees to cooperate with the Trustee in effecting the termination of the Servicer’s responsibilities and rights hereunder, including the transfer to the Trustee of all cash amounts that shall at the time be credited to the Certificate Account, or thereafter be received with respect to the Mortgage Loans. If the Servicer fails to make any Advance required under Section 4.01 of this Agreement, thereby triggering an Event of Default described in clause (f) of this Section 7.01, the Trustee shall make such Advance on that Distribution Date.
Notwithstanding any termination of the activities of the Servicer hereunder, the Servicer shall be entitled to receive, out of any late collection of a Scheduled Payment on a Mortgage Loan that was due before the notice terminating the Servicer’s rights and obligations as Servicer hereunder and received after the notice, that portion thereof to which the Servicer would have been entitled pursuant to Sections 3.09(a)(i) through (v) and (vii), and any other amounts payable to the Servicer hereunder the entitlement to which arose before the termination of its activities hereunder.
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Section 7.02 |
Trustee to Act; Appointment of Successor. |
On and after the time the Servicer receives a notice of termination pursuant to Section 7.01, the Trustee shall, subject to and to the extent provided in Section 3.05, be the successor to the Servicer in its capacity as Servicer under this Agreement and the transactions provided for herein and shall be subject to all the responsibilities, duties and liabilities (other than any liabilities incurred by the Servicer prior to its termination hereunder) relating thereto placed on the Servicer by the terms hereof and applicable law, including the obligation to make Advances pursuant to Section 4.01. As compensation therefor, the Trustee shall be entitled to all funds relating to the Mortgage Loans that the Servicer would have been entitled to charge to the Certificate Account or Distribution Account if the Servicer had continued to act hereunder.
Notwithstanding the foregoing, if the Trustee has become the successor to the Servicer in accordance with Section 7.01, the Trustee may, if it shall be unwilling to so act, or shall, if it is prohibited by applicable law from making Advances pursuant to Section 4.01 or if it is otherwise unable to so act, appoint, or petition a court of competent jurisdiction to appoint, any established mortgage loan servicing institution reasonably acceptable to the NIM Insurer (as evidenced by the prior written consent of the NIM Insurer), the appointment of which does not adversely affect the then current rating of the Certificates and the NIM Insurer guaranteed notes
by each Rating Agency, as the successor to the Servicer hereunder in the assumption of all or any part of the obligations of the Servicer hereunder.
Any successor to the Servicer shall be an institution that is a FNMA and FHLMC approved seller/servicer in good standing, that has a net worth of at least $15,000,000, that is willing to service the Mortgage Loans and that executes and delivers to the Depositor and the Trustee an agreement accepting such delegation and assignment, containing an assumption by it of the rights and obligations of the Servicer (other than liabilities of the Servicer under Section 6.03 incurred before termination of the Servicer under Section 7.01), with like effect as if originally named as a party to this Agreement; provided, that each Rating Agency acknowledges that its rating of the Certificates in effect immediately before the assignment and delegation will not be qualified or reduced as a result of the assignment and delegation.
Pending appointment of a successor to the Servicer hereunder, the Trustee, unless the Trustee is prohibited by law from so acting, shall, subject to Section 3.05, act in such capacity as hereinabove provided. In connection with such appointment and assumption, the Trustee may make such arrangements for the compensation of the successor out of payments on Mortgage Loans as it and the successor shall agree. No such compensation shall exceed the Servicing Fee Rate. The Trustee and the successor shall take any action, consistent with this Agreement, necessary to effectuate the succession.
Neither the Trustee nor any other successor Servicer shall be deemed to be in default hereunder because of any failure to make, or any delay in making, any distribution hereunder or any portion thereof or any failure to perform, or any delay in performing, any duties hereunder, in either case caused by the failure of the Servicer to deliver or provide, or any delay in delivering or providing, any cash, information, documents or records to it. The appointment of a successor Servicer shall not affect any liability of the predecessor Servicer that my have arisen under this Agreement before its termination as Servicer to pay any deductible under an insurance policy, to indemnify any person, or otherwise, nor shall any successor Servicer be liable for any acts or omissions of the predecessor Servicer or for any breach by the Servicer of any of its representations and warranties contained in this Agreement.
In connection with the termination or resignation of the Servicer hereunder, either (i) the successor Servicer, including the Trustee if the Trustee is acting as successor Servicer, shall represent and warrant that it is a member of MERS in good standing and shall agree to comply in all material respects with the rules and procedures of MERS in connection with the servicing of the Mortgage Loans that are registered with MERS, or (ii) the predecessor Servicer shall cooperate with the successor Servicer either (x) in causing MERS to execute and deliver an assignment of Mortgage in recordable form to transfer the Mortgage from MERS to the Trustee and to execute and deliver such other notices, documents and other instruments as may be necessary or desirable to effect a transfer of such Mortgage Loan or servicing of such Mortgage Loan on the MERS® System to the successor Servicer or (y) in causing MERS to designate on the MERS® System the successor Servicer as the servicer of such Mortgage Loan. The predecessor Servicer shall file or cause to be filed any such assignment in the appropriate recording office. The successor Servicer shall cause such assignment to be delivered to the Trustee promptly upon receipt of the original with evidence of recording thereon or a copy certified by the public recording office in which such assignment was recorded.
Any successor to the Servicer as Servicer shall give notice of the change of servicer to the NIM Insurer and the Mortgagors and shall, during the term of its service as Servicer,
maintain in force the policy or policies that the Servicer is required to maintain pursuant to Section 6.05.
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Section 7.03 |
Notification to Certificateholders. |
(a) Upon any termination of or appointment of a successor to the Servicer, the Trustee shall give prompt written notice thereof to Certificateholders and each Rating Agency.
(b) Within sixty (60) days after the occurrence of any Event of Default, the Trustee shall transmit by mail to all Certificateholders and each Rating Agency notice of each Event of Default hereunder known to the Trustee, unless the Event of Default has been cured or waived.
ARTICLE VIII
CONCERNING THE TRUSTEE AND THE SUPPLEMENTAL INTEREST TRUST ADMINISTRATOR
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Section 8.01 |
Duties of the Trustee and the Supplemental Interest Trust Administrator. |
The Trustee, before the occurrence of an Event of Default and after the curing of all Events of Default that may have occurred, and the Supplemental Interest Trust Administrator shall undertake to perform such duties and only the duties specifically set forth in this Agreement. If an Event of Default has occurred and remains uncured, the Trustee shall exercise such of the rights and powers vested in it by this Agreement, and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.
Each of the Trustee and the Supplemental Interest Trust Administrator, upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Trustee or the Supplemental Interest Trust Administrator, as applicable, that are specifically required to be furnished pursuant to any provision of this Agreement, shall examine them to determine whether they are in the form required by this Agreement. If any such instrument is found not to conform to the requirements of this Agreement in a material manner, the Trustee or the Supplemental Interest Trust Administrator, as applicable, shall take any action it deems appropriate to have the instrument corrected, and if the instrument is not corrected to the Trustee’s or the Supplemental Interest Trust Administrator’s satisfaction, the Trustee or the Supplemental Interest Trust Administrator, as applicable, shall notify the Certificateholders of the defect. Neither the Trustee nor the Supplemental Interest Trust Administrator shall be responsible for the accuracy or content of any resolution, certificate, statement, opinion, report, document, order or other instrument.
No provision of this Agreement shall be construed to relieve the Trustee or the Supplemental Interest Trust Administrator from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct.
Unless an Event of Default known to the Trustee has occurred and is continuing:
(a) the duties and obligations of the Trustee shall be determined solely by the express provisions of this Agreement, the Trustee shall not be liable except for the performance of the duties specifically set forth in this Agreement, no implied covenants or obligations shall be read into this Agreement against the Trustee, and the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Trustee and conforming to the requirements of this Agreement that it believed in good faith to be genuine and to have been duly executed by the proper authorities respecting any matters arising hereunder;
(b) the Trustee shall not be liable for an error of judgment made in good faith by a Responsible Officer or Responsible Officers of the Trustee, unless it is finally proven that the Trustee was negligent in ascertaining the pertinent facts; and
(c) the Trustee shall not be liable with respect to any action taken, suffered or omitted to be taken by it in good faith in accordance with the direction of the NIM
Insurer or Holders of Certificates evidencing not less than 25% of the Voting Rights of Certificates relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee under this Agreement.
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Section 8.02 |
Certain Matters Affecting the Trustee and the Supplemental Interest Trust Administrator. |
Except as otherwise provided in Section 8.01:
(a) each of the Trustee and the Supplemental Interest Trust Administrator may request and rely upon and shall be protected in acting or refraining from acting upon any resolution, Officer’s Certificate, certificate of auditors or any other certificate, statement, instrument, opinion, report, notice, request, consent, order, appraisal, bond or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties and neither the Trustee nor the Supplemental Interest Trust Administrator shall have any responsibility to ascertain or confirm the genuineness of any signature of any such party or parties;
(b) each of the Trustee and the Supplemental Interest Trust Administrator may consult with counsel, financial advisers or accountants and the advice of any such counsel, financial advisers or accountants, and any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken or suffered or omitted by it hereunder in good faith and in accordance with such Opinion of Counsel;
(c) neither the Trustee nor the Supplemental Interest Trust Administrator shall be liable for any action taken, suffered or omitted by it in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Agreement;
(d) neither the Trustee nor the Supplemental Interest Trust Administrator shall be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond or other paper or document, unless requested in writing so to do by the NIM Insurer or Holders of Certificates evidencing not less than 25% of the Voting Rights allocated to each Class of Certificates;
(e) each of the Trustee and the Supplemental Interest Trust Administrator may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents, accountants, or attorneys, and neither the Trustee nor the Supplemental Interest Trust Administrator shall be responsible for any misconduct or negligence on the part of any agents, accountants or attorneys appointed with due care by it hereunder;
(f) neither the Trustee nor the Supplemental Interest Trust Administrator shall be required to risk or expend its own funds or otherwise incur any financial liability in the performance of any of its duties or in the exercise of any of its rights or powers hereunder if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not assured to it;
(g) neither the Trustee nor the Supplemental Interest Trust Administrator shall be liable for any loss on any investment of funds pursuant to this Agreement (other than as issuer of the investment security);
(h) the Trustee shall not be deemed to have knowledge of an Event of Default or Swap Provider Trigger Event until a Responsible Officer of the Trustee or the Supplemental Interest Trust Administrator, as applicable, shall have received written notice thereof;
(i) neither the Trustee nor the Supplemental Interest Trust Administrator need exercise any of the trusts, rights or powers vested in it by this Agreement or to institute, conduct or defend any litigation in connection with this Agreement at the request, order or direction of the NIM Insurer or any of the Certificateholders pursuant to this Agreement unless the NIM Insurer or the Certificateholders shall have offered to the Trustee or the Supplemental Interest Trust Administrator, as applicable, reasonable security or indemnity satisfactory to the Trustee or the Supplemental Interest Trust Administrator, as applicable, against the costs, expenses and liabilities that may be incurred in connection therewith;
(j) the Trustee or its Affiliates are permitted to receive additional compensation that could be deemed to be in the Trustee’s economic self-interest for (i) serving as investment adviser, administrator, shareholder, servicing agent, custodian or sub-custodian with respect to certain of the Permitted Investments, (ii) using Affiliates to effect transactions in certain Permitted Investments and (iii) effecting transactions in certain Permitted Investments. The Trustee does not guarantee the performance of any Permitted Investments; and
(k) neither the Trustee nor the Supplemental Interest Trust Administrator shall knowingly take any action that would cause the Trust Fund to fail to qualify as a qualifying special purpose entity.
To help fight the funding of terrorism and money laundering activities, the Trustee will obtain, verify, and record information that identifies individuals or entities that establish a relationship or open an account with the Trustee. The Trustee will ask for the name, address, tax identification number and other information that will allow the Trustee to identify the individual or entity who is establishing the relationship or opening the account. The Trustee may also ask for formation documents such as articles of incorporation, an offering memorandum, or other identifying documents to be provided.
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Section 8.03 |
Trustee and Supplemental Interest Trust Administrator Not Liable for Certificates or Mortgage Loans. |
The recitals contained herein and in the Certificates shall be taken as the statements of the Depositor or the Seller, as the case may be, and neither the Trustee nor the Supplemental Interest Trust Administrator assumes any responsibility for their correctness. Neither the Trustee nor the Supplemental Interest Trust Administrator makes any representations as to the validity or sufficiency of this Agreement, the Certificates, any Mortgage Loan or related document or MERS or the MERS® System other than with respect to the Trustee’s execution and countersignature of the Certificates. Neither the Trustee nor the Supplemental Interest Trust Administrator shall be accountable for the use or application by the Depositor or the Servicer of
any funds paid to the Depositor or the Servicer in respect of the Mortgage Loans or deposited in or withdrawn from the Certificate Account by the Depositor or the Servicer.
Except as provided in Section 2.01(c), the Trustee shall have no responsibility for filing or recording any financing or continuation statement in any public office at any time or to otherwise perfect or maintain the perfection of any security interest or lien granted to it hereunder (unless the Trustee shall have become the successor Servicer).
The Trustee executes the Certificates not in its individual capacity but solely as Trustee of the Trust Fund created by this Agreement, in the exercise of the powers and authority conferred and vested in it by this Agreement. Each of the undertakings and agreements made on the part of the Trustee on behalf of the Trust Fund in the Certificates is made and intended not as a personal undertaking or agreement by the Trustee but is made and intended for the purpose of binding only the Trust Fund.
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Section 8.04 |
Trustee and Supplemental Interest Trust Administrator May Own Certificates. |
Each of the Trustee and the Supplemental Interest Trust Administrator, in its individual or any other capacity, may become the owner or pledgee of Certificates with the same rights as it would have if it were not the Trustee or the Supplemental Interest Trust Administrator, as applicable.
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Section 8.05 |
Trustee’s Fees and Expenses. |
As compensation for its activities under this Agreement as Trustee and Supplemental Interest Trust Administrator, the Trustee may withdraw from the Distribution Account on each Distribution Date the Trustee Fee for the Distribution Date. The Trustee and the Supplemental Interest Trust Administrator and any director, officer, employee or agent of the Trustee or the Supplemental Interest Trust Administrator, as applicable, shall be indemnified by the Seller against any loss, liability or expense (including reasonable attorney’s fees) resulting from any error in any tax or information return prepared by the Servicer or incurred in connection with any claim or legal action relating to:
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(a) |
this Agreement; |
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(b) |
the Certificates; or |
(c) the performance of any of the Trustee’s or the Supplemental Interest Trust Administrator’s duties under this Agreement;
other than any loss, liability or expense incurred because of willful misfeasance, bad faith or negligence in the performance of any of the Trustee’s or the Supplemental Interest Trust Administrator’s duties under this Agreement. This indemnity shall survive the termination of this Agreement or the resignation or removal of the Trustee or the Supplemental Interest Trust Administrator under this Agreement. Without limiting the foregoing, except as otherwise agreed upon in writing by the Depositor and the Trustee or the Supplemental Interest Trust Administrator, as applicable, and except for any expense, disbursement or advance arising from the Trustee’s or the Supplemental Interest Trust Administrator’s negligence, bad faith or willful
misconduct, the Seller shall pay or reimburse the Trustee or the Supplemental Interest Trust Administrator, as applicable, for all reasonable expenses, disbursements and advances incurred or made by the Trustee or the Supplemental Interest Trust Administrator, as applicable, in accordance with this Agreement with respect to:
(A) the reasonable compensation, expenses and disbursements of its counsel not associated with the closing of the issuance of the Certificates;
(B) the reasonable compensation, expenses and disbursements of any accountant, engineer or appraiser that is not regularly employed by the Trustee or the Supplemental Interest Trust Administrator, to the extent that the Trustee or the Supplemental Interest Trust Administrator must engage them to perform services under this Agreement; and
(C) printing and engraving expenses in connection with preparing any Definitive Certificates.
Except as otherwise provided in this Agreement, neither the Trustee nor the Supplemental Interest Trust Administrator shall be entitled to payment or reimbursement for any routine ongoing expenses incurred by the Trustee or the Supplemental Interest Trust Administrator, as applicable, in the ordinary course of its duties as Trustee, Supplemental Interest Trust Administrator, Registrar or Paying Agent under this Agreement or for any other expenses.
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Section 8.06 |
Eligibility Requirements for the Trustee and the Supplemental Interest Trust Administrator. |
Each of the Trustee and the Supplemental Interest Trust Administrator hereunder shall at all times be a corporation or association organized and doing business under the laws of a state or the United States of America, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000, subject to supervision or examination by federal or state authority and with a credit rating that would not cause any of the Rating Agencies to reduce their respective then-current ratings of the Certificates (or, having provided such security from time to time, as is sufficient to avoid such reduction) as evidenced in writing by each Rating Agency. If such corporation or association publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section 8.06 the combined capital and surplus of such corporation or association shall be deemed to be its combined capital and surplus as disclosed in its most recent report of condition so published. If at any time the Trustee or the Supplemental Interest Trust Administrator, as applicable, ceases to be eligible in accordance with this Section 8.06, the Trustee or the Supplemental Interest Trust Administrator, as applicable, shall resign immediately in the manner and with the effect specified in Section 8.07. The entities serving as Trustee and Supplemental Interest Trust Administrator may have normal banking and trust relationships with the Depositor and its affiliates or the Servicer and its affiliates. Neither the Trustee nor the Supplemental Interest Trust Administrator may be an affiliate of the Seller, the Depositor or the Servicer, other than the Trustee in its role as successor to the Servicer. The principal office of the Trustee and the Supplemental Interest Trust Administrator (other than the initial Trustee and Supplemental Interest Trust Administrator) shall be in a state with respect to which an Opinion of Counsel has been delivered to the Trustee or the Supplemental Interest Trust Administrator, as applicable, at the
time such party is appointed Trustee or Supplemental Interest Trust Administrator, as applicable, to the effect that the Trust will not be a taxable entity under the laws of that state.
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Section 8.07 |
Resignation and Removal of the Trustee and the Supplemental Interest Trust Administrator. |
Each of the Trustee and the Supplemental Interest Trust Administrator may at any time resign and be discharged from the trusts hereby created by giving written notice of resignation to the Depositor, the Servicer and each Rating Agency not less than sixty (60) days before the date specified in the notice, when, subject to Section 8.08, the resignation is to take effect, and acceptance by a successor trustee in accordance with Section 8.08 meeting the qualifications in Section 8.06. If no successor trustee meeting those qualifications shall have been so appointed and have accepted appointment within thirty (30) days after the notice of resignation, the resigning Trustee or Supplemental Interest Trust Administrator, as applicable, may petition any court of competent jurisdiction for the appointment of a successor trustee or supplemental interest trust administrator reasonably acceptable to the NIM Insurer.
If at any time the Trustee or the Supplemental Interest Trust Administrator shall cease to be eligible in accordance with Section 8.06 and shall fail to resign after written request thereto by the NIM Insurer or the Depositor, or if at any time the Trustee or the Supplemental Interest Trust Administrator shall become incapable of acting, or shall be adjudged as bankrupt or insolvent, or a receiver of the Trustee or of its property shall be appointed, or any public officer shall take charge or control of the Trustee or the Supplemental Interest Trust Administrator, as applicable, or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, or a tax is imposed with respect to the Trust Fund by any state in which the Trustee, the Supplemental Interest Trust Administrator or the Trust Fund is located and the imposition of the tax would be avoided by the appointment of a different trustee or administrator, as applicable, then the Depositor, the NIM Insurer or the Servicer may remove the Trustee or the Supplemental Interest Trust Administrator, as applicable, and appoint a successor trustee or supplemental interest trust administrator reasonably acceptable to the NIM Insurer by written instrument, in triplicate, one copy of which shall be delivered to the Trustee or the Supplemental Interest Trust Administrator, as applicable, one copy to the Servicer and one copy to the successor trustee or supplemental interest trust administrator.
The NIM Insurer or the Holders of Certificates (other than the Servicer, Seller, Depositor or any affiliates or agents thereof) entitled to at least 51% of the Voting Rights may at any time remove the Trustee and appoint a successor trustee or supplemental interest trust administrator by written instrument or instruments, in triplicate, signed by the NIM Insurer or the Holders or their attorneys-in-fact duly authorized, as the case may be, one complete set of which shall be delivered by the successor Trustee or Supplemental Interest Trust Administrator, as applicable, to the Servicer, one complete set to the Trustee or the Supplemental Interest Trust Administrator so removed, and one complete set to the successor so appointed. The successor trustee or supplemental interest trust administrator, as applicable, shall notify each Rating Agency of any removal of the Trustee or the Supplemental Interest Trust Administrator.
Any resignation or removal of the Trustee or the Supplemental Interest Trust Administrator and appointment of a successor trustee or supplemental interest trust administrator, as applicable, pursuant to this Section 8.07 shall become effective upon acceptance of appointment by the successor trustee or supplemental interest trust administrator as provided in Section 8.08.
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Section 8.08 |
Successor Trustee or Supplemental Interest Trust Administrator. |
Any successor trustee or supplemental interest trust administrator appointed as provided in Section 8.07 shall execute, acknowledge and deliver to the Depositor, its predecessor trustee or administrator and the Servicer an instrument accepting its appointment hereunder and thereupon the resignation or removal of the predecessor trustee or administrator shall become effective and the successor trustee or supplemental interest trust administrator, without any further act, deed or conveyance, shall become fully vested with all the rights and obligations of its predecessor hereunder, with the like effect as if originally named as Trustee or Supplemental Interest Trust Administrator herein. The Depositor, the Servicer and the predecessor trustee or administrator, as applicable, shall execute and deliver such instruments and do such other things as may reasonably be required for more fully and certainly vesting and confirming in the successor trustee or supplemental interest trust administrator, as applicable, all such rights and obligations.
No successor trustee or supplemental interest trust administrator shall accept appointment as provided in this Section 8.08 unless at the time of its acceptance, the successor trustee or supplemental interest trust administrator is eligible under Section 8.06, is reasonably acceptable to the NIM Insurer, and its appointment does not adversely affect the then current rating of the Certificates.
Upon acceptance of appointment by a successor trustee or supplemental interest trust administrator as provided in this Section 8.08, the Depositor shall mail notice of the succession of such trustee or administrator hereunder to the NIM Insurer and all Holders of Certificates. If the Depositor fails to mail the notice within ten (10) days after acceptance of appointment by the successor trustee or supplemental interest trust administrator, the successor trustee or supplemental interest trust administrator, as applicable, shall cause the notice to be mailed at the expense of the Depositor.
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Section 8.09 |
Merger or Consolidation of the Trustee or the Supplemental Interest Trust Administrator. |
Any corporation into which the Trustee or the Supplemental Interest Trust Administrator may be merged or converted or with which it may be consolidated or any corporation resulting from any merger, conversion, or consolidation to which the Trustee or the Supplemental Interest Trust Administrator shall be a party, or any corporation succeeding to the business of the Trustee or the Supplemental Interest Trust Administrator, shall be the successor of the Trustee or the Supplemental Interest Trust Administrator, as applicable, hereunder if the successor corporation is eligible under Section 8.06 without the execution or filing of any paper or further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.
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Section 8.10 |
Appointment of Co-Trustee or Separate Trustee. |
Notwithstanding any other provisions of this Agreement, at any time, for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Trust Fund or property securing any Mortgage Note may at the time be located, the Servicer and the Trustee acting jointly shall have the power and shall execute and deliver all instruments to appoint one or more Persons approved by the Trustee and reasonably acceptable to the NIM Insurer to act as co-trustee or co-trustees jointly with the Trustee, or separate trustee or separate trustees, of all or any part of the Trust Fund, and to vest in them, in such capacity and for the benefit of the
Certificateholders, such title to the Trust Fund or any part thereof, whichever is applicable, and, subject to the other provisions of this Section 8.10, such powers, duties, obligations, rights and trusts as the Servicer and the Trustee may consider appropriate. If the Servicer shall not have joined in such appointment within fifteen (15) days after the receipt by it of a request to do so, or in the case an Event of Default shall have occurred and be continuing, the Trustee alone shall have the power to make such appointment. No co-trustee or separate trustee hereunder shall be required to meet the terms of eligibility as a successor trustee under Section 8.06 and no notice to Certificateholders of the appointment of any co-trustee or separate trustee shall be required under Section 8.08.
Every separate trustee and co-trustee shall, to the extent permitted by law, be appointed and act subject to the following provisions and conditions:
(a) To the extent necessary to effectuate the purposes of this Section 8.10, all rights and obligations conferred or imposed upon the Trustee, except for the obligation of the Trustee under this Agreement to advance funds on behalf of the Servicer, shall be conferred or imposed upon and exercised or performed by the Trustee and such separate trustee or co-trustee jointly (it being understood that such separate trustee or co-trustee is not authorized to act separately without the Trustee joining in such act), except to the extent that under any law of any jurisdiction in which any particular act or acts are to be performed (whether as Trustee hereunder or as successor to the Servicer hereunder), the Trustee shall be incompetent or unqualified to perform such act or acts, in which event such rights and obligations (including holding title to the applicable Trust Fund or any portion thereof in any such jurisdiction) shall be exercised and performed singly by such separate trustee or co-trustee, but solely at the direction of the Trustee;
(b) No trustee hereunder shall be held personally liable because of any act or omission of any other trustee hereunder and such appointment shall not, and shall not be deemed to, constitute any such separate trustee or co-trustee as agent of the Trustee;
(c) The Trustee, with the consent of the NIM Insurer, may at any time accept the resignation of or remove any separate trustee or co-trustee; and
(d) The Servicer, and not the Trustee, shall be liable for the payment of reasonable compensation, reimbursement, and indemnification to any such separate trustee or co-trustee.
Any notice, request, or other writing given to the Trustee shall be deemed to have been given to each of the separate trustees and co-trustees, when and as effectively as if given to each of them. Every instrument appointing any separate trustee or co-trustee shall refer to this Agreement and the conditions of this Article VIII. Each separate trustee and co-trustee, upon its acceptance of the trusts conferred, shall be vested with the estates or property specified in its instrument of appointment, either jointly with the Trustee or separately, as may be provided therein, subject to all the provisions of this Agreement, specifically including every provision of this Agreement relating to the conduct of, affecting the liability of, or affording protection to, the Trustee. Every such instrument shall be filed with the Trustee and a copy thereof given to the Servicer and the Depositor.
Any separate trustee or co-trustee may, at any time, constitute the Trustee its agent or attorney-in-fact, with full power and authority, to the extent not prohibited by law, to do any
lawful act under or in respect of this Agreement on its behalf and in its name. If any separate trustee or co-trustee shall die, become incapable of acting, resign, or be removed, all of its estates, properties, rights, remedies and trusts shall vest in and be exercised by the Trustee, to the extent permitted by law, without the appointment of a new or successor trustee.
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Section 8.11 |
Tax Matters. |
It is intended that the assets with respect to which any REMIC election pertaining to the Trust Fund is to be made, as described in the Preliminary Statement, shall constitute, and that the conduct of matters relating to such assets shall be such as to qualify such assets as, a “real estate mortgage investment conduit” as defined in and in accordance with the REMIC Provisions. In furtherance of such intention, the Trustee covenants and agrees that it shall act as agent (and the Trustee is hereby appointed to act as agent) on behalf of any REMIC created hereunder and that in such capacity it shall:
(a) prepare and file in a timely manner, a U.S. Real Estate Mortgage Investment Conduit Income Tax Return (Form 1066 or any successor form adopted by the Internal Revenue Service) and prepare and file with the Internal Revenue Service and applicable state or local tax authorities income tax or information returns for each taxable year with respect to each REMIC created hereunder described in the Preliminary Statement containing such information and at the times and in the manner as may be required by the Code or state or local tax laws, regulations or rules, and furnish to Certificateholders the schedules, statements or information at such times and in such manner as may be required thereby;
(b) within thirty (30) days of the Closing Date, furnish to the Internal Revenue Service, on Forms 8811 or as otherwise may be required by the Code, the name, title, address and telephone number of the person that the holders of the Certificates may contact for tax information relating thereto, together with such additional information as may be required by such Form 8811, and update such information at the time or times in the manner required by the Code;
(c) make an election that each REMIC created under this Agreement be treated as a REMIC on the federal tax return for its first taxable year (and, if necessary, under applicable state law);
(d) prepare and forward to the Certificateholders and to the Internal Revenue Service and, if necessary, state tax authorities, all information returns and reports as and when required to be provided to them in accordance with the REMIC Provisions, including the calculation of any original issue discount using the prepayment assumptions set forth in “Yield, Prepayment and Maturity Considerations-Structuring Assumptions” in the Prospectus Supplement;
(e) provide information necessary for the computation of tax imposed on the transfer of a Residual Certificate to a Person that is not a Permitted Transferee, or an agent (including a broker, nominee or other middleman) of a Non-Permitted Transferee, or a pass-through entity in which a Non-Permitted Transferee is the record holder of an interest (the reasonable cost of computing and furnishing such information may be charged to the Person liable for such tax);
(f) to the extent that they are under its control, conduct matters relating to such assets at all times that any Certificates are outstanding so as to maintain the status of any REMIC created hereunder as a REMIC under the REMIC Provisions;
(g) pay, from the sources specified in the last paragraph of this Section 8.11, the amount of any federal or state tax, including prohibited transaction taxes as described below, imposed on any REMIC created under this Agreement before its termination when and as the same shall be due and payable (but such obligation shall not prevent the Trustee or any other appropriate Person from contesting any such tax in appropriate proceedings and shall not prevent the Trustee from withholding payment of such tax, if permitted by law, pending the outcome of such proceedings);
(h) ensure that federal, state or local income tax or information returns shall be signed by the Trustee or such other person as may be required to sign such returns by the Code or state or local laws, regulations or rules;
(i) maintain records relating to each REMIC created under this Agreement, including the income, expenses, assets and liabilities thereof and the fair market value and adjusted basis of the assets determined at such intervals as may be required by the Code, as may be necessary to prepare the foregoing returns, schedules, statements or information;
(j) as and when necessary and appropriate, represent any REMIC created under this Agreement in any administrative or judicial proceedings relating to an examination or audit by any governmental taxing authority, request an administrative adjustment as to any taxable year of any REMIC created under this Agreement, enter into settlement agreements with any governmental taxing agency, extend any statute of limitations relating to any tax item of any REMIC created under this Agreement, and otherwise act on behalf of any REMIC created under this Agreement in relation to any tax matter or controversy involving it; and
(k) none of the Depositor, Servicer or the Trustee shall knowingly or intentionally take any action or omit to take any action that would cause the termination of any REMIC, or result in the imposition of any non-indemnification taxes on any REMIC, created under this Agreement.
(l) The Holder of the Class R Certificate at any time holding the largest Percentage Interest thereof shall be the “tax matters person” as defined in the REMIC Provisions (the related “Tax Matters Person”) with respect to REMIC I, REMIC II and REMIC III and shall act as Tax Matters Person for REMIC I, REMIC II and REMIC III. The Holder of the Class R-X Certificate at any time holding the largest Percentage Interest thereof shall be the Tax Matters Person with respect to REMIC IV, REMIC V and REMIC VI and shall act as Tax Matters Person for REMIC IV, REMIC V and REMIC VI. The Trustee, as agent for the Tax Matters Person, shall perform on behalf of each REMIC all reporting and other tax compliance duties that are the responsibility of such REMIC under the Code, the REMIC Provisions, or other compliance guidance issued by the Internal Revenue Service or any state or local taxing authority. Among its other duties, if required by the Code, the REMIC Provisions, or other such guidance, the Trustee, as agent for the Tax Matters Person, shall provide (i) to the Treasury or other governmental authority such information as is necessary for the application of any tax relating to the transfer of a Residual
Certificate to any disqualified person or organization and (ii) to the Certificateholders such information or reports as are required by the Code or REMIC Provisions. The Trustee, as agent for the Tax Matters Person, shall represent each REMIC in any administrative or judicial proceedings relating to an examination or audit by any governmental taxing authority, request an administrative adjustment as to any taxable year of any REMIC, enter into settlement agreements with any government taxing agency, extend any statute of limitations relating to any item of any REMIC and otherwise act on behalf of any REMIC in relation to any tax matter involving the Trust.
To enable the Trustee to perform its duties under this Agreement, the Depositor shall provide to the Trustee within ten (10) days after the Closing Date all information or data that the Trustee requests in writing and determines to be relevant for tax purposes to the valuations and offering prices of the Certificates, including the price, yield, prepayment assumption and projected cash flows of the Certificates and the Mortgage Loans. Moreover, the Depositor shall provide information to the Trustee concerning the value to each Class of Certificates of the right to receive Net WAC Cap Carry Forward Amounts from the Excess Reserve Fund Account. Thereafter, the Depositor shall provide to the Trustee promptly upon written request therefor any additional information or data that the Trustee may, from time to time, reasonably request to enable the Trustee to perform its duties under this Agreement. The Depositor hereby indemnifies the Trustee for any losses, liabilities, damages, claims or expenses of the Trustee arising from any errors or miscalculations of the Trustee that result from any failure of the Depositor to provide, or to cause to be provided, accurate information or data to the Trustee on a timely basis.
If any tax is imposed on “prohibited transactions” of any REMIC as defined in Section 860F(a)(2) of the Code, on the “net income from foreclosure property” of any REMIC created under this Agreement as defined in Section 860G(c) of the Code, on any contribution to any REMIC created under this Agreement after the Startup Day pursuant to Section 860G(d) of the Code, or any other tax is imposed, including any minimum tax imposed on any REMIC created under this Agreement pursuant to Sections 23153 and 24874 of the California Revenue and Taxation Code, if not paid as otherwise provided for herein, the tax shall be paid by (i) the Trustee if such tax or any other tax arises out of or results from negligence of the Trustee in the performance of any of its obligations under this Agreement, (ii) the Servicer or the Seller, in the case of any such minimum tax, if such tax arises out of or results from a breach by the Servicer or Seller of any of their obligations under this Agreement, (iii) the Seller if such tax arises out of or results from the Seller’s obligation to repurchase a Mortgage Loan pursuant to Section 2.01, 2.02, 2.03 or 2.05, or (iv) in all other cases, or if the Trustee, the Servicer or the Seller fails to honor its obligations under the preceding clauses (i), (ii) or (iii), any such tax will be paid with amounts otherwise to be distributed to the Certificateholders, as provided in Section 3.09(b).
The Trustee shall treat the Excess Reserve Fund Account as an outside reserve fund within the meaning of Treasury Regulation Section 1.860G-2(h) that is owned by the holders of the Class C Certificates and that is not an asset of any REMIC created hereunder. The Trustee shall treat the rights of the holders of each Class of Certificates (other than the Class C, Class P, Class R and Class R-X Certificates) to receive payments from the Excess Reserve Fund Account as rights in an interest rate corridor contract written by the holders of the Class C Certificates in respect of any Net WAC Shortfalls, in each case in favor of the other Certificateholders. Thus, each Certificate (other than the Class C, Class P, Class R and Class R-X Certificates) shall be treated as representing ownership of not only a REMIC regular interest, but also ownership of an interest in an interest rate corridor contract.
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Section 8.12 |
[Reserved.] |
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Section 8.13 |
[Reserved] |
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Section 8.14 |
[Reserved] |
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Section 8.15 |
Access to Records of Trustee. |
The Trustee shall afford the Seller, the Depositor, the Servicer, the NIM Insurer and each Certificateholder or Certificate Owner, upon reasonable notice during normal business hours, access to all records maintained by the Trustee in respect of its duties under this Agreement and access to officers of the Trustee responsible for performing its duties. Upon request, the Trustee shall furnish the Depositor, the Servicer, the NIM Insurer and any requesting Certificateholder or Certificate Owner with its most recent financial statements. The Trustee shall cooperate fully with the Seller, the Servicer, the Depositor, the NIM Insurer and the Certificateholder or Certificate Owner for review and copying any books, documents or records requested with respect to the Trustee’s duties under this Agreement. The Seller, the Depositor, the Servicer and the Certificateholder or Certificate Owner shall not have any responsibility or liability for any action for failure to act by the Trustee and are not obligated to supervise the performance of the Trustee under this Agreement or otherwise.
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Section 8.16 |
Suits for Enforcement. |
If an Event of Default or other material default by the Servicer or the Depositor under this Agreement occurs and is continuing, at the direction of the Certificateholders comprising in the aggregate a Majority in Interest or of the NIM Insurer, the Trustee shall proceed to protect and enforce its rights and the rights of the Certificateholders or the NIM Insurer under this Agreement by a suit, action or proceeding in equity or at law or otherwise, whether for the specific performance of any covenant or agreement contained in this Agreement or in aid of the execution of any power granted in this Agreement or for the enforcement of any other legal, equitable or other remedy, as the Trustee, being advised by counsel, and subject to the foregoing, shall deem most effectual to protect and enforce any of the rights of the Trustee, the NIM Insurer and the Certificateholders.
ARTICLE IX
TERMINATION
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Section 9.01 |
Termination upon Liquidation or Purchase of the Mortgage Loans. |
Subject to Section 9.03, the obligations of the Depositor, the Servicer and the Trustee created hereby with respect to the Trust Fund shall terminate upon the earlier of:
(a) the purchase by the NIM Insurer or the Servicer of all Mortgage Loans (and REO Properties) at the price equal to the sum of:
(i) 100% of the Stated Principal Balance of each Mortgage Loan (other than for REO Property) plus one month’s accrued interest thereon at the applicable Mortgage Rate less the Servicing Fee Rate;
(ii) the lesser of (x) the appraised value of any REO Property as determined by the higher of two appraisals completed by two independent appraisers selected by the Servicer at the expense of the Servicer and (y) the Stated Principal Balance of each Mortgage Loan related to any REO Property, in each case plus accrued and unpaid interest thereon at the applicable Adjusted Net Mortgage Rate;
(iii) any costs and damages incurred by the Trust Fund in connection with any violation by each Mortgage Loan of any predatory or abusive lending law;
(iv) any Swap Termination Payment payable to the Swap Provider then due but unpaid or which is payable due to the exercise of such option; and
(b) the later of:
(i) the maturity or other liquidation (or any Advance with respect thereto) of the last Mortgage Loan remaining in the Trust Fund and the disposition of all REO Property; and
(ii) the distribution to Certificateholders of all amounts required to be distributed to them pursuant to this Agreement. In no event shall the trusts created hereby continue beyond the earlier of the expiration of 21 years from the death of the survivor of the descendants of Xxxxxx X. Xxxxxxx, the late Ambassador of the United States to the Court of St. James’s, living on the date hereof or the Latest Possible Maturity Date (as defined in the Preliminary Statement).
The Servicer may repurchase all Mortgage Loans and REO Properties pursuant to clause (a) above if the aggregate Stated Principal Balance of the Mortgage Loans, at the time of the repurchase, is less than ten (10) percent of the aggregate Cut-off Date Principal Balance of the Mortgage Loans. If the Servicer is entitled to repurchase the Mortgage Loans pursuant to this Section and fails to do so, the NIM Insurer may repurchase all Mortgage Loans and REO Properties pursuant to clause (a) above after thirty (30) days prior notice to the Servicer if the Servicer does not first purchase them. Upon termination of the Trust, the Servicer shall succeed to all rights of the Trustee and Certificateholders with respect to the Trust Fund, other than
funds needed to make the final distribution, including any assets that were ever part of the Trust Fund. With such repurchase, the Servicer shall acquire any rights or potential rights of the Certificateholders or the Trustee to causes of action against any Person relating to the Mortgage Loans or the origination of the Mortgage Loans, including, without limitation, the right to enforce any breach of a representation or warranty made at any time with respect to the Mortgage Loans.
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Section 9.02 |
Final Distribution on the Certificates. |
If on any Determination Date, the NIM Insurer or the Servicer determines that there are no Outstanding Mortgage Loans and no other funds or assets in the Trust Fund other than the funds in the Certificate Account, the NIM Insurer or the Servicer shall direct the Trustee promptly to send a final distribution notice to each Certificateholder. If the NIM Insurer or the Servicer elects to terminate the Trust Fund pursuant to clause (a) of Section 9.01, at least twenty (20) days before the date notice is to be mailed to the affected Certificateholders, the Servicer shall notify the Depositor and the Trustee of the date the Servicer intends to terminate the Trust Fund and of the applicable repurchase price of the Mortgage Loans and REO Properties.
Notice of any termination of the Trust Fund, specifying the Distribution Date on which Certificateholders may surrender their Certificates for payment of the final distribution and cancellation, shall be given promptly by the Trustee by letter to Certificateholders, mailed not earlier than the 10th day and not later than the 15th day of the month next preceding the month of such final distribution. Any such notice shall specify (a) the Distribution Date upon which final distribution on the Certificates will be made upon presentation and surrender of Certificates at the office therein designated, (b) the amount of such final distribution, (c) the location of the office or agency at which such presentation and surrender must be made and (d) that the Record Date otherwise applicable to the Distribution Date is not applicable, distributions being made only upon presentation and surrender of the Certificates at the office therein specified. The Servicer will give such notice to each Rating Agency at the time such notice is given to Certificateholders.
If the notice is given, the Servicer shall cause all funds in the Certificate Account to be remitted to the Trustee for deposit in the Distribution Account on the Business Day before the applicable Distribution Date in an amount equal to the final distribution in respect of the Certificates. Upon such final deposit with respect to the Trust Fund and the receipt by the Trustee of a Request for Release therefor, the Trustee shall promptly release to the Servicer the Mortgage Files for the Mortgage Loans.
Upon presentation and surrender of the Certificates, the Trustee shall cause to be distributed to the Certificateholders of each Class, in each case on the final Distribution Date and in the order stated in Section 4.02, in proportion to their respective Percentage Interests, with respect to Certificateholders of the same Class, an amount equal to (i) as to each Class of Regular Certificates (except the Class C Certificate), its Certificate Balance plus for each such Class accrued interest thereon in the case of an interest-bearing Certificate and (ii) as to the Residual Certificates, any amount remaining on deposit in the Distribution Account (other than the amounts retained to meet claims) after application pursuant to clause (i) above. By acceptance of the Residual Certificates, the holders of the Residual Certificates agree, in connection with any termination hereunder, that their rights to receive any amounts pursuant to clause (ii) in the immediately preceding sentence hereby are assigned and transferred and, to the extent received in respect of such termination, to pay any such amounts to the holders of the Class C Certificates.
If any affected Certificateholder does not surrender its Certificates for cancellation within six (6) months after the date specified in the above mentioned written notice, the Trustee shall give a second written notice to the remaining Certificateholders to surrender their Certificates for cancellation and receive the final distribution with respect thereto. If within six (6) months after the second notice all the applicable Certificates shall not have been surrendered for cancellation, the Trustee may take appropriate steps, or may appoint an agent to take appropriate steps, to contact the remaining Certificateholders concerning surrender of their Certificates, and the cost thereof shall be paid out of the funds and other assets that remain a part of the Trust Fund. If within one year after the second notice all Certificates shall not have been surrendered for cancellation, the Class Residual Certificateholders shall be entitled to all unclaimed funds and other assets of the Trust Fund that remain subject hereto.
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Section 9.03 |
Additional Termination Requirements. |
If the NIM Insurer or the Servicer exercises its purchase option with respect to the Mortgage Loans as provided in Section 9.01, the Trust Fund shall be terminated in accordance with the following additional requirements, unless the Trustee has been supplied with an Opinion of Counsel, at the expense of the Servicer, to the effect that the failure to comply with the requirements of this Section 9.03 will not (i) result in the imposition of taxes on “prohibited transactions” on any REMIC created hereunder as defined in Section 860F of the Code or (ii) cause any REMIC created under this Agreement to fail to qualify as a REMIC at any time that any Certificates are outstanding.
The Trustee shall sell all of the assets of the Trust Fund to the NIM Insurer or the Servicer, as applicable, and, within ninety (90) days of the sale, shall distribute to the Certificateholders the proceeds of the sale in complete liquidation of any REMIC created hereunder.
The Trustee shall attach a statement to the final federal income tax return for each of any REMIC created hereunder stating that pursuant to Treasury Regulation Section 1.860F-1, the first day of the ninety (90) day liquidation period for each the REMIC was the date on which the Trustee sold the assets of the Trust Fund to the NIM Insurer or the Servicer.
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Section 9.04 |
Termination of the Supplemental Interest Trust. |
The obligations of the Depositor, the Trustee and the Supplemental Interest Trust Administrator created hereby with respect to the Supplemental Interest Trust shall terminate upon the earlier of:
(a) the termination of the Swap Agreement pursuant to the terms of the Swap Agreement; and
(b) the termination of this Agreement pursuant to Section 9.01.
ARTICLE X
MISCELLANEOUS PROVISIONS
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Section 10.01 |
Amendment. |
This Agreement may be amended from time to time by the Depositor, the Servicer, and the Trustee with the consent of the NIM Insurer and without the consent of any of the Certificateholders:
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(i) |
to cure any ambiguity or mistake, |
(ii) to correct any defective provision herein or to supplement any provision herein that may be inconsistent with any other provision herein,
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(iii) |
to conform this Agreement to the Prospectus Supplement, |
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to add to the duties of the Depositor, the Seller, or the Servicer, |
(v) to modify, alter, amend, add to or rescind any of the terms or provisions contained in this Agreement to comply with any rules or regulations promulgated by the Securities and Exchange Commission from time to time,
(vi) to add any other provisions with respect to matters or questions arising hereunder, or
(vii) to modify, alter, amend, add to, or rescind any of the provisions of this Agreement.
No action pursuant to clauses (iv), (vi) or (vii) above may, as evidenced by an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee or the Trust Fund), adversely affect in any material respect the interests of any Certificateholder. The amendment shall not be deemed to adversely affect in any material respect the interests of the Certificateholders if the Person requesting the amendment obtains a letter from each Rating Agency stating that the amendment would not result in the downgrading or withdrawal of the respective ratings then assigned to the Certificates. Any such letter in and of itself will not represent a determination as to the materiality of any amendment and will represent a determination only as to the credit issues affecting any rating. Each party to this Agreement agrees that it will cooperate with each other party in amending this Agreement pursuant to clause (v) above.
The Trustee, the Depositor and the Servicer also may, at any time and from time to time, amend this Agreement with the consent of the NIM Insurer and without the consent of the Certificateholders, in order to modify, eliminate or add to any of the provisions of this Agreement to the extent necessary or helpful to:
(i) maintain the qualification of any REMIC created under this Agreement under the Code;
(ii) avoid or minimize the risk of the imposition of any tax on any REMIC created under this Agreement pursuant to the Code that would be a claim at any time before the final redemption of the Certificates; or
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comply with any other requirements of the Code; |
if the Trustee has been provided an Opinion of Counsel, which opinion shall be an expense of the party requesting such opinion but in any case shall not be an expense of the Trustee or the Trust Fund, to the effect that the action is necessary or helpful for one of those purposes.
This Agreement may also be amended from time to time by the Depositor, the Servicer, and the Trustee with the consent of the NIM Insurer and the Holders of Certificates evidencing Percentage Interests aggregating not less than 662/3% of each Class of Certificates affected thereby for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or of modifying in any manner the rights of the Holders of Certificates. No amendment shall:
(i) reduce in any manner the amount of, or delay the timing of, payments required to be distributed on any Certificate without the consent of the Holder of the Certificate;
(ii) adversely affect in any material respect the interests of the Holders of any Class of Certificates in a manner other than as described in (i), without the consent of the Holders of Certificates of the Class evidencing, as to the Class, Percentage Interests aggregating not less than 662/3%;
(iii) amend, modify, add to, rescind, or alter in any respect Section 10.13, notwithstanding any contrary provision of this Agreement, without the consent of the Holders of Certificates evidencing Percentage Interests aggregating not less than 662/3%, and for this purpose no Certificates held by the Seller, the Depositor, or any Affiliate of either of them shall be eligible to vote or be considered Outstanding; or
(iv) reduce the aforesaid percentages of Certificates the Holders of which are required to consent to any such amendment, without the consent of the Holders of all such Certificates then outstanding.
Notwithstanding any contrary provision of this Agreement, the Trustee shall not consent to any amendment to this Agreement unless (i) it shall have first received an Opinion of Counsel satisfactory to the NIM Insurer, which opinion shall not be an expense of the Trustee or the Trust Fund, to the effect that the amendment will not cause the imposition of any tax on any REMIC or the Certificateholders or cause any REMIC to fail to qualify as a REMIC at any time that any Certificates are outstanding and (ii) because the Trust Fund is required to be a Qualifying Special Purpose Entity (as that term is defined in Statement of Financial Accounting Standards No. 140 (“SFAS 140”)), in order for the Seller to continue to account for the transfer of the Mortgage Loans under this Agreement as a sale under SFAS 140, prior to the parties hereto entering into such an amendment, the Trustee shall receive an Officer’s Certificate, which shall not be an expense of the Trustee or the Trust Fund, to the effect that such amendment would not “significantly change” (within the meaning of SFAS 140) the permitted activities of the Trust Fund so as to cause the Trust Fund to fail to qualify as a Qualifying Special Purpose Entity.
Notwithstanding any of the other provisions of this Section 10.01, none of the Depositor, the Servicer, the Supplemental Interest Trust Administrator or the Trustee shall enter into any amendment to the following: the following defined terms that appear in Section 1.01: Net Swap Payment, Swap LIBOR and Trigger Event; the second paragraph of Section 4.02(I); Section 4.02(V) ; Section 4.05; or Section 9.01 of this Agreement without the prior written consent of the Swap Provider.
Promptly after the execution of any amendment to this Agreement requiring the consent of Certificateholders, the Trustee shall furnish written notification of the substance or a copy of the amendment to each Certificateholder and each Rating Agency.
It shall not be necessary for the consent of Certificateholders under this Section 10.01 to approve the particular form of any proposed amendment, but it shall be sufficient if the consent approves its substance. The manner of obtaining consents and of evidencing the authorization of their execution by Certificateholders shall be subject to such reasonable regulations as the Trustee may prescribe.
Nothing in this Agreement shall require the Trustee to enter into an amendment without receiving an Opinion of Counsel satisfactory to the NIM Insurer (which Opinion shall not be an expense of the Trustee or the Trust Fund), satisfactory to the Trustee that (i) the amendment is permitted by this Agreement and all conditions precedent to the amendment have been satisfied; and (ii) either (A) the amendment does not adversely affect in any material respect the interests of any Certificateholder or (B) the conclusion in the preceding clause (A) is not required to be reached pursuant to this Section 10.01.
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Section 10.02 |
Recordation of Agreement; Counterparts. |
This Agreement is subject to recordation in all appropriate public offices for real property records in all the counties or other comparable jurisdictions in which any or all of the properties subject to the Mortgages are situated, and in any other appropriate public recording office or elsewhere, the recordation to be effected by the Servicer at its expense, but only upon receipt of an Opinion of Counsel to the effect that the recordation materially and beneficially affects the interests of the Certificateholders.
For the purpose of facilitating the recordation of this Agreement as herein provided and for other purposes, this Agreement may be executed simultaneously in any number of counterparts, each of which counterparts shall be an original, and all of which shall constitute but one instrument.
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Section 10.03 |
Governing Law. |
THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE SUBSTANTIVE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED IN THE STATE OF NEW YORK AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HERETO AND THE CERTIFICATEHOLDERS SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.
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Section 10.04 |
Intention of Parties. |
It is the express intent of the parties hereto that the conveyance (i) of the Mortgage Loans by the Seller to the Depositor and (ii) of the Trust Fund by the Depositor to the Trustee each be, and be construed as, an absolute sale thereof. It is, further, not the intention of the parties that such conveyances be deemed a pledge thereof. However, if, notwithstanding the intent of the parties, the assets are held to be the property of the Seller or Depositor, as the case may be, or if for any other reason this Agreement is held or deemed to create a security interest in either such assets, then (i) this Agreement shall be deemed to be a security agreement within the meaning of the Uniform Commercial Code of the State of New York and (ii) the conveyances provided for in this Agreement shall be deemed to be an assignment and a grant (i) by the Seller to the Depositor or (ii) by the Depositor to the Trustee, for the benefit of the Certificateholders, of a security interest in all of the assets transferred, whether now owned or hereafter acquired.
The Seller and the Depositor for the benefit of the NIM Insurer and the Certificateholders shall, to the extent consistent with this Agreement, take such actions as may be necessary to ensure that, if this Agreement were deemed to create a security interest in the Trust Fund, such security interest would be deemed to be a perfected security interest of first priority under applicable law and will be maintained as such throughout the term of the Agreement. The Depositor shall arrange for filing any Uniform Commercial Code continuation statements in connection with any security interest granted or assigned to the Trustee for the benefit of the Certificateholders.
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Section 10.05 |
Notices. |
(a) The Trustee shall promptly notify each Rating Agency of each of the following of which it has actual knowledge:
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Any material change or amendment to this Agreement; |
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The occurrence of any Event of Default that has not been cured; |
3. The resignation or termination of the Servicer or the Trustee and the appointment of any successor;
4. The repurchase or substitution of Mortgage Loans pursuant to Section 2.03; and
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The final payment to Certificateholders. |
In addition, the Trustee shall promptly furnish to each Rating Agency copies of the following:
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Each report to Certificateholders described in Section 4.03; |
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Each annual statement as to compliance described in Section 3.17; |
3. Each annual independent public accountants’ servicing report described in Section 3.18; and
4. Any notice of a purchase of a Mortgage Loan pursuant to Section 2.01, 2.02, 2.03, 2.05 or 3.12.
In addition, the Trustee shall notify the Swap Provider of any termination of the Trust pursuant to Section 9.01.
(b) All directions, demands and notices hereunder shall be in writing and be duly given when delivered to
(i) in the case of the Depositor, IndyMac ABS, Inc., 000 Xxxxx Xxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxx 00000, Attention: Capital Markets, or such other address as may be hereafter furnished to the NIM Insurer, the Servicer and the Trustee by the Depositor;
(ii) in the case of the Servicer, IndyMac Bank, F.S.B., 000 Xxxxx Xxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxx 00000, Attention: Servicing, or such other address as may be hereafter furnished to the NIM Insurer, the Depositor and the Trustee by the Servicer;
(iii) in the case of the Trustee or the Supplemental Interest Trust Administrator, to the Corporate Trust Office, Deutsche Bank National Trust Company, 0000 Xxxx Xx. Xxxxxx Xxxxx, Xxxxx Xxx, Xxxxxxxxxx 00000-0000, Attention: Trust Xxxxxxxxxxxxxx XX00X0, Series INABS 2006-A, or such other address as the Trustee may hereafter furnish to the NIM Insurer, the Depositor and Servicer;
(iv) in the case of the NIM Insurer, to such address as each NIM Insurer may hereafter furnish to the Depositor, the Trustee or Servicer;
(v) in the case of each of the Rating Agencies, the address specified therefor in the definition corresponding to the name of such Rating Agency; and
(vi) in the case of the Swap Provider, Bear Xxxxxxx Financial Products Inc., 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: Legal, or such other address as the Swap Provider may hereafter furnish to the NIM Insurer, the Depositor and the Trustee.
Notices to Certificateholders shall be deemed given when mailed, first class postage prepaid, to their respective addresses appearing in the Certificate Register.
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Section 10.06 |
Severability of Provisions. |
If any one or more of the provisions of this Agreement shall be for any reason whatsoever held invalid, then those provisions shall be deemed severable from the remaining provisions of this Agreement and shall in no way affect the validity or enforceability of the other provisions of this Agreement or of the Certificates or the rights of the Holders thereof.
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Section 10.07 |
Assignment. |
Notwithstanding anything to the contrary contained herein, except as provided in Section 6.02, this Agreement may not be assigned by the Servicer without the prior written consent of the Trustee and Depositor.
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Section 10.08 |
Limitation on Rights of Certificateholders. |
The death or incapacity of any Certificateholder shall not operate to terminate this Agreement or the Trust, nor entitle such Certificateholder’s legal representative or heirs to claim an accounting or to take any action or commence any proceeding in any court for a petition or winding up of the Trust, or otherwise affect the rights and obligations of the parties hereto or any of them.
No Certificateholder shall have any right to vote (except as provided herein) or in any manner otherwise control the operation and management of the Trust Fund, or the obligations of the parties hereto, nor shall anything in this Agreement or the Certificates be construed so as to constitute the Certificateholders from time to time as partners or members of an association; nor shall any Certificateholder be liable to any third party because of any action taken by the parties to this Agreement pursuant to any provision hereof.
No Certificateholder shall have any right by virtue or by availing itself of any provisions of this Agreement to institute any suit, action or proceeding in equity or at law upon or under or with respect to this Agreement, unless such Holder previously shall have given to the Trustee a written notice of an Event of Default and of the continuance thereof, as herein provided, and unless the Holders of Certificates evidencing not less than 25% of the Voting Rights evidenced by the Certificates shall also have made written request to the Trustee to institute such action, suit, or proceeding in its own name as Trustee hereunder and shall have offered to the Trustee such reasonable indemnity as it may require against the costs, expenses and liabilities to be incurred therein or thereby, and the Trustee, for sixty (60) days after its receipt of such notice, request, and offer of indemnity shall have neglected or refused to institute any such action, suit, or proceeding. Each Certificateholder expressly covenants with every other Certificateholder and the Trustee that no one or more Holders of Certificates shall have any right in any manner whatever by virtue or by availing itself or themselves of any provisions of this Agreement to affect, disturb or prejudice the rights of the Holders of any other of the Certificates, or to obtain or seek to obtain priority over or preference to any other such Holder or to enforce any right under this Agreement, except in the manner herein provided and for the common benefit of all Certificateholders. For the protection and enforcement of this Section 10.08, each Certificateholder and the Trustee shall be entitled to any relief that can be given either at law or in equity.
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Section 10.09 |
Inspection and Audit Rights. |
The Servicer agrees that on reasonable prior notice, it will permit any representative of the Depositor, the NIM Insurer or the Trustee during such Person’s normal business hours, to examine all the books of account, records, reports and other papers of such Person relating to the Mortgage Loans, to make copies and extracts therefrom, to cause such books to be audited by independent certified public accountants of the NIM Insurer or reasonably acceptable to the NIM Insurer selected by the Depositor or the Trustee and to discuss its affairs, finances and accounts relating to the Mortgage Loans with its officers, employees and independent public accountants (and by this provision the Servicer hereby authorizes said accountants to discuss with such representative such affairs, finances and accounts), all at such reasonable times and as often as may be reasonably requested. Any out-of-pocket expense incident to the exercise by the Depositor, the NIM Insurer or the Trustee of any right under this Section 10.09 shall be borne by the Servicer.
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Section 10.10 |
Certificates Nonassessable and Fully Paid. |
It is the intention of the Depositor that Certificateholders shall not be personally liable for obligations of the Trust Fund, that the interests in the Trust Fund represented by the Certificates shall be nonassessable for any reason whatsoever, and that the Certificates, upon due authentication thereof by the Trustee pursuant to this Agreement, are and shall be deemed fully paid.
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Section 10.11 |
Official Record. |
The Seller agrees that this Agreement is and shall remain at all times before the time at which this Agreement terminates an official record of the Seller as referred to in Section 13(e) of the Federal Deposit Insurance Act.
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Section 10.12 |
Protection of Assets. |
(a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the Trust is not authorized and has no power to:
(1) borrow money or issue debt;
(2) merge with another entity, reorganize, liquidate or sell assets; or
(3) engage in any business or activities.
(b) Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full. `
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Section 10.13 |
Qualifying Special Purpose Entity. |
Notwithstanding any contrary provision of this Agreement the Trust Fund shall not engage in any activity or knowingly hold any property that would disqualify the Trust Fund from being a qualifying special purpose entity under generally accepted accounting principles.
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Section 10.14 |
Rights of NIM Insurer. |
(a) The rights of the NIM Insurer under this Agreement shall exist only so long as either
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the NIM Notes certain payments on which are guaranteed by the NIM Insurer remain outstanding or |
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the NIM Insurer is owed amounts paid by it with respect to that guaranty. |
The rights of the NIM Insurer under this Agreement are exercisable by the NIM Insurer only so long as no default by the NIM Insurer under its guaranty of certain payments under the NIM Notes has occurred and is continuing. If the NIM Insurer is the subject of any insolvency proceeding, the rights of the NIM Insurer under this Agreement will be exercisable by the NIM Insurer only so long as
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the obligations of the NIM Insurer under its guaranty of the NIM Notes have not been disavowed and |
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the Seller and the Trustee have received reasonable assurances that the NIM Insurer will be able to satisfy its obligations under its guaranty of the NIM Notes. |
(b) The NIM Insurer is a third party beneficiary of this Agreement to the same extent as if it were a party to this Agreement, and may enforce any of those rights under this Agreement.
(c) A copy of any documents of any nature required by this Agreement to be delivered by the Trustee, or to the Trustee or the Rating Agencies, shall in each case at the same time also be delivered to the NIM Insurer. Any notices required to be given by the Trustee, or to the Trustee or the Rating Agencies, shall in each case at the same time also be given to the NIM Insurer.
(d) Anything in this Agreement that is conditioned on not resulting in the downgrading or withdrawal of the ratings then assigned to the Certificates by the Rating Agencies shall also be conditioned on not resulting in the downgrading or withdrawal of the ratings then assigned by the Rating Agencies to the NIM Notes.
In Witness Whereof, the Depositor, the Trustee, and the Seller and Servicer have caused their names to be signed hereto by their respective officers thereunto duly authorized as of the day and year first above written.
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INDYMAC ABS, INC., | |||||||
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Senior Vice President | ||||||
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DEUTSCHE BANK NATIONAL TRUST | |||||||
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Vice President | ||||||
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INDYMAC BANK, F.S.B., | |||||||
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STATE OF |
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COUNTY OF___________ |
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On the ___th day of February, 2006 before me, a notary public in and for said State, personally appeared _______________ known to me to be a ______________ of IndyMac ABS Inc., a Delaware corporation that executed the within instrument, and also known to me to be the person who executed it on behalf of said corporation, and acknowledged to me that such corporation executed the within instrument.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.
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Notary Public |
STATE OF |
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COUNTY OF___________ |
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On the ___th day of February, 2006 before me, a notary public in and for said State, personally appeared _______________ known to me to be a _______________ of IndyMac Bank, F.S.B. that executed the within instrument, and also known to me to be the person who executed it on behalf of said corporation, and acknowledged to me that such corporation executed the within instrument.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.
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Notary Public |
STATE OF NEW YORK |
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On the ___th day of February, 2006 before me, a notary public in and for said State, personally appeared ____________________, known to me to be an ____________________of Deutsche Bank National Trust Company, a national banking association that executed the within instrument, and also known to me to be the person who executed it on behalf of said association, and acknowledged to me that such corporation executed the within instrument.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.
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Notary Public |
SCHEDULE I
Mortgage Loan Schedule
Original Servicer Maturity Principal Loan Number Loan Number Property City Property St Property Zip Date Balance -------------------------------------------------------------------------------------------------------------------------- 122456100 1006840936 XXXXXXX XX 00000 1/1/2021 12000 121510834 1005842644 XXXXXX XX 00000 7/1/2020 12826 121724727 3001299589 XXX XXXXXXX XX 00000 1/1/2035 15000 121690576 1006024127 XXXXXX XX 00000 8/1/2020 15000 121846358 1006181919 XXXX XXXXX XX 00000 9/1/2020 15000 121525121 1006038721 XXXXX XXXX XXXXXXX XX 00000 8/1/2020 15000 121128748 1005704695 XXX XXXXX XX 00000 6/1/2020 16099 122430931 1006766180 XXXXXX XXXXXXXXX XX 00000 1/1/2021 16250 122045490 1006392482 XXXXXX XXXX XX 00000 10/1/2020 17000 121929816 1006463168 XXXXXXX XX 00000 11/1/2035 17600 121872535 1006487977 XXXXXXXXX XX 00000 11/1/2020 18000 121648712 1006223406 XXXXXXXXXX XX 00000 9/1/2020 18000 122501681 1006855926 XXXXXXXXX XX 00000 1/1/2021 18000 121479604 1005886922 XXXXXX XXXXXX XX 00000 7/1/2020 18329 121396008 1005696578 XXXX XXXXXXX XX 00000 6/1/2020 18980 121369553 1005733173 XXXXXXX XX 00000 6/1/2020 18500 121537866 1005889801 XXXXXX XX 00000 7/1/2020 20000 121569719 1006030165 TWIN XXXXX XX 00000 8/1/2020 20000 121963601 1006456063 XXXXXXXX XX 00000 11/1/2020 20000 122005906 1006517476 XXXXXXXXX XX 00000 11/1/2020 20000 121972971 1006351140 XXXXXXX XX 00000 10/1/2035 20000 122511357 1006792699 XXXXXXXX XX 00000 1/1/2036 20000 121351010 1006108599 XXXXXXX XX 00000 9/1/2020 21000 122532206 1006888240 XXXXXXXXXXX XX 00000 1/1/2021 21000 121174079 1005658867 XX XXXXX XX 00000 6/1/2020 21600 121605482 1006003931 XXXXXXXXXXX XX 00000 8/1/2020 22000 121753233 1006145732 XXXXXXX XX 00000 9/1/2020 22250 121759642 1006514812 XXXXXXXX XX 00000 11/1/2035 22500 121958541 1006678096 XXXXXXX XX 00000 12/1/2035 22500 121549893 1006002610 XXXXXXX XX 0000 8/1/2020 22800 122067513 1006353633 XXXXXXX XX 00000 10/1/2035 24000 122255188 1006646879 XXXXXXXX XX 00000 12/1/2020 24000 121419278 1005798457 XXXXXX XX 0000 7/1/2020 24600 121958688 1006379679 XXXXXXXX XX 00000 10/1/2035 24650 122472590 1006890006 XXXXXXXXXX XX 00000 1/1/2036 24700 121631789 1006178287 XXXXXXX XX 00000 9/1/2020 25000 122537709 1006863797 XXXXXX XXXXX XX 00000 1/1/2036 24800 121348417 1005739824 XXXXXXXXXX XX 00000 6/1/2020 25000 121905995 1006289563 XXXXXX XXXXXX XX 00000 10/1/2020 25000 122212580 1006565376 XXXXXXXXXXX XX 00000 11/1/2020 25000 122309841 1006859258 XXXX XXXX XX 00000 1/1/2021 25000 122575193 1006853012 XXXXXXXX XX 00000 1/1/2021 25000 122063877 1006858300 XXXXXXXXXXXX XX 00000 1/1/2021 25000 122147585 1006708950 XXXXXX XX 00000 12/1/2020 26000 122358980 1006889701 XXXXXX XXXX XX 00000 1/1/2021 26000 121298503 1005676885 XXXXXXXX XX 00000 6/1/2020 27000 121692754 1006158917 XXXXX XX 00000 9/1/2020 26900 121426503 1005921885 XXXXXX XX 00000 8/1/2020 27000 122143268 1006579419 XXXXX XXXXXXXX XX 00000 12/1/2020 27000 121465117 1005984529 XXXXX XX 00000 7/1/2020 27500 121609782 1006128456 XXXXXXXXX XXX XX 00000 8/1/2020 27500 122366845 1006872897 XXXXXXXX XX 00000 1/1/2036 27750 121921027 1006314155 XXXXXXXX XXXXXXX XX 00000 10/1/2020 28200 121725457 3001306590 XXXXXXXXXX XX 00000 5/1/2035 28800 121955103 1006388969 XXXXXXXXX XX 00000 10/1/2035 28350 121983752 1006762114 XXXXXXXXX XX 00000 1/1/2036 29112 121766047 1006252488 XXXXXXXX XX 00000 9/1/2020 30000 122494351 1006833816 XXXXXXXXXX XX 00000 1/1/2036 29000 121599481 1005960750 XXXX XXXXX XXXXX XX 00000 8/1/2020 30000 122583291 1006888851 XXXXXX XX 00000 1/1/2036 29250 121926571 1006295719 XXXXXX XX 00000 10/1/2020 29600 121933993 1006388324 XXXXXXX XX 00000 10/1/2020 30000 122518591 1006783045 XXX XXXXXXX XX 00000 1/1/2021 30000 121543503 1005985682 XXXXXXXX XX 00000 8/1/2020 30000 122184043 1006806275 XXXXXXXXX XX 00000 1/1/2036 29750 122362860 1006898512 XXXXXXXXXXXX XX 00000 1/1/2036 29743 121712435 1006244956 XXXXXXXXXXXX XX 0000 9/1/2020 30000 121528215 1005929466 XXXXXXXX XX 00000 8/1/2020 30000 122152282 1006499048 XXXXX XXXXXXXXX XX 00000 11/1/2035 29880 122331117 1006711517 XXXX XXXXXXXXX XX 00000 12/1/2020 30000 122598298 1006868796 XXXXXXXXXXXX XX 00000 1/1/2036 30000 121283477 1005729510 XXXXXXXXXXXXX XX 00000 6/1/2020 30250 122292815 1006877185 XXXXXXXX XX 00000 1/1/2021 31000 122109646 1006575441 XXXXXXX XXXXXX XX 00000 12/1/2020 31400 121450008 1005720105 XXXXXXXX XXXX XX 00000 6/1/2020 31700 121076525 1005927528 XXXXXXX XXXXX XX 00000 7/1/2020 31700 121841744 1006226755 XXXXXX XXXXXX XX 00000 9/1/2020 32500 122280428 1006603466 XXXXXXXXXX XX 00000 12/1/2020 32000 122479977 1006879207 XXXXXXXXX XX 00000 1/1/2021 32500 121803698 1006281776 XXXXXX XX 0000 10/1/2020 32600 122062717 1006518052 XXXXXX XX 00000 11/1/2020 32600 122196880 1006532871 XXXXX XX 00000 11/1/2020 32900 121374878 1005696438 XXX XXXXXXX XX 00000 6/1/2020 33000 121445603 1005957913 XXXXXXX XXXXX XX 00000 8/1/2020 33000 121462486 1006098295 XXXXXX XXXX XX 00000 8/1/2020 33000 122545993 1006899171 XXXXX XXXXX XX 00000 1/1/2021 33000 122494484 1006902306 XXXXXXX XX 00000 1/1/2021 33200 121801923 1006397697 XXXXXXX XX 00000 10/1/2020 33600 122354392 1006826703 XXX XXXXXXX XX 00000 1/1/2021 34000 121099832 1005658537 SWANTON VT 5488 6/1/2020 34000 122053051 1006606527 XXXXXXXXXXXX XX 00000 11/1/2020 34000 122185581 1006741449 XXXXXXXXXXXX XX 00000 1/1/2036 34000 122597630 1006868721 XXXXXXXX XX 00000 1/1/2036 34248 122386893 1006916306 XXXXXXX XX 00000 1/1/2036 34312 121803961 1006155129 XXX XXXXX XX 00000 9/1/2020 34500 121814589 1006155491 XXXXXXXXX XX 00000 9/1/2020 34500 121725214 3001304264 XXXXXX XX 00000 4/1/2035 35000 121262529 1005652209 XXX XXXXX XX 00000 5/1/2020 35000 121235052 1005659352 XXXXXX XXXXX XX 00000 6/1/2020 35000 121647327 1006091506 XXXXXXXXX XX 00000 8/1/2020 35000 122223243 1006589053 XXXXX XXX XXX XX 00000 11/1/2020 35000 122184621 1006774564 XXXXXXXXX XX 00000 12/1/2035 35200 121939538 1006517187 XXXXXXXXXXXX XX 00000 11/1/2035 35520 122277660 1006777575 XXXXXXX XX 00000 1/1/2036 35700 121425184 1005728082 XXXXXXXXX XX 00000 6/1/2020 36000 122383660 1006775215 XXXXXXXXX XX 00000 12/1/2035 36000 122092895 1006748642 XXXXXXX XX 00000 1/1/2036 36050 121822524 1006397903 XXXXXXXX XX 0000 10/1/2020 36600 122428862 1006895385 XXXXX XX 00000 1/1/2021 37000 121695564 1006251787 XXXXXXXX XX 00000 9/1/2020 37500 122394720 1006765927 XXXXXXX XX 00000 1/1/2036 38250 122430776 1006766164 XXXXXXX XX 00000 1/1/2036 38250 121591917 1006016438 XXXXX XXXXX XX 00000 6/24/2020 38850 121511985 1005831456 XXXX XXXXXXXX XX 00000 7/1/2020 38360 121872880 1006170268 XXXXXXXX XXXX XX 00000 9/1/2020 38380 121888724 1006313645 XXXXXXXX XXXX XX 00000 10/1/2020 38500 122059207 1006472383 XXXXX XX 00000 11/1/2035 38700 122360713 1006742009 XXXXXXXXX XX 00000 1/1/2036 38700 122358836 1006814410 XXXXXXXXXXXX XX 00000 1/1/2036 39000 122348317 1006811333 XXXXXXXXXX XX 00000 1/1/2036 39100 121511644 1005896202 XXXXXXXXXXX XX 00000 7/1/2020 40000 121852850 1006247272 XXXXXXXXX XX 00000 9/1/2020 40000 121943025 1006290538 XXXXXXXXX XX 00000 10/1/2035 39690 121725184 3001303977 XXXXXXXX XXXX XX 00000 3/1/2035 40000 121521150 1006088668 XXXXXXXX XXXXXXXX XX 0000 8/1/2020 40000 122012466 1006358319 XXXXXXXXXX XX 00000 10/1/2020 40000 122522542 1006874133 XXXXXX XX 00000 1/1/2036 39920 121570916 1006011249 XXXXXX XXXX XX 00000 8/1/2020 40000 121843866 1006313108 XXXXXXXX XX 00000 9/1/2020 40000 122542876 1006890899 XXXXX XX 00000 1/1/2036 40000 122570741 1006875148 XXXXXXX XX 00000 1/1/2036 40000 122269913 1006839771 XXXXX XX 00000 1/1/2036 40000 122372619 1006877904 XXXXXXX XX 00000 1/1/2036 40000 122389022 1006860397 XXXXX XX 00000 1/1/2021 40000 122512573 1006846305 XXXXXXX XX 00000 1/1/2021 40000 122544838 1006834640 XXXXXXXX XXXX XX 00000 1/1/2036 40000 122451994 1006840878 XXXXXX XX 00000 1/1/2036 41310 121565865 1006067555 XXXXXXXXXXX XX 00000 8/1/2020 42000 122096436 1006503260 XXXXXXXXXXX XX 00000 11/1/2020 41500 121667766 1006110371 XXXXX XXXXXX XX 00000 9/1/2020 41985 121782881 1006210619 XXXXXXXX XX 00000 9/1/2035 42000 122086309 1006925844 XXXXXXXXXX XX 00000 11/1/2035 42275 122119072 1006742884 XXXXXXXXXXX XX 00000 12/1/2035 42300 122274140 1006743999 XXXXXXX XX 00000 1/1/2036 42400 122454827 1006732281 XXXXXXXXXX XX 00000 12/1/2035 42500 122429356 1006766149 XXXXXXX XX 00000 1/1/2036 42500 121724717 3001299498 XXXX XXXXX XX 00000 12/1/2034 42800 122074953 1006333577 XXXXXXXX XX 00000 8/1/2020 42800 121374852 1006044588 XXXX XXXX XX 00000 8/1/2020 43000 121525110 1006222937 XXXX XXXXX XX 00000 9/1/2020 43000 121822633 1006288318 XXXX XXXX XX 00000 10/1/2035 43200 121388655 1006114191 XXXXXXX XX 00000 9/1/2035 43200 122477647 1006855561 XXXXXXXXXXX XX 00000 1/1/2036 43200 122378713 1006854846 XXXXXXXX XX 00000 1/1/2036 44000 122439397 1006851222 XXXXXXX XX 00000 1/1/2036 43650 122391263 1006892705 XXXXXXXXXXX XX 00000 1/1/2036 44000 122436029 1006840613 XXXXXXX XX 00000 1/1/2036 44000 122611165 1006875783 XXXXX XX 00000 1/1/2036 44250 122654502 1006884413 XXXXXXX XX 00000 1/1/2036 44400 122522727 1006846545 XXXX XXXXXXXXX XX 00000 1/1/2036 44450 122463076 1006869604 XXXXXXX XX 00000 1/1/2036 44783 122329071 1006788754 XXXXXXX XX 00000 1/1/2036 44800 121671616 1006033151 XXXXXXXXXXXX XX 00000 8/1/2020 44940 121724729 3001299605 XXXXXXX XX 00000 12/1/2024 46000 121768513 1006166654 HAZLET NJ 7734 9/1/2020 45000 122020905 1006311789 XXXX XX 00000 10/1/2035 45000 122445455 1006845166 XXXX XXXXXXXXXX XX 00000 1/1/2021 45000 122218222 1006601080 XXXXXXXXXX XX 00000 12/1/2035 45000 122392183 1006840456 XXXXXXXXX XX 00000 12/1/2035 45000 122381956 1006889784 XXXXX XX 00000 1/1/2036 45000 122667248 1006949497 XXXXX XXXX XX 00000 12/1/2020 45000 122309326 1006711087 XXXXXXXXXX XX 00000 12/1/2020 45000 121961968 1006524001 XXXXXXX XX 00000 11/1/2035 45486 122256518 1006843849 XXXXXX XX 00000 1/1/2036 45500 122044108 1006532392 XXXXXXXXXX XX 00000 11/1/2035 45900 122051649 1006532418 XXXXXXXXXX XX 00000 11/1/2035 45900 122376623 1006799306 XXXXX XXXXX XX 00000 1/1/2036 46250 122606446 1006883761 XXXXXXX XX 00000 1/1/2036 46320 122482795 1006800450 XXXXXX XX 00000 1/1/2021 46760 122202553 1006977787 XXXXXXXXXXXX XX 00000 12/1/2035 46850 122056882 1006535411 XXXX XXXX XX 00000 11/1/2020 47500 121830229 1006288342 XXXX XXXX XX 00000 10/1/2035 47700 121466685 1005746381 XXXXX XXXXXXXX XXXXXXXX XX 0000 6/1/2020 48000 122580612 1006848251 XXXXXX XXXX XX 00000 1/1/2036 47920 121724599 3001298318 XXXXXXX XX 00000 11/1/2019 49976 122558082 1006874836 DEFIANCE OH 43512 1/1/2036 48000 122184075 1006752461 XXXXXXX XX 00000 12/1/2035 48800 121313145 1005653314 XXXXXX XX 00000 6/1/2020 50000 121543130 1006060261 XXXXXX XX 00000 8/1/2020 49000 122329326 1006806986 XXXXXXXXX XX 00000 1/1/2036 49000 121770826 1006146276 XXXXXXX XX 00000 9/1/2020 50000 121805254 1006235343 XXXX XXXXXXXXXXX XX 00000 9/1/2035 49410 122121108 1006541286 XXXXXXX XX 00000 11/1/2035 49500 121447896 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XX 00000 11/1/2035 57500 121839326 1006318230 XXXXXX XX 00000 10/1/2035 57600 122391640 1006746497 XXXXXX XX 00000 12/1/2035 57500 122344736 1006785479 XXXXXXXXXXXX XX 00000 1/1/2036 57600 122370814 1006860058 XXXXXX XX 00000 1/1/2036 57600 122508060 1006851784 XXXXXXXX XX 00000 1/1/2036 57750 122484227 1006800518 XXXXXXXX XX 00000 1/1/2036 58000 122596521 1006875635 XXXXXXXXXX XX 00000 1/1/2036 58000 122510800 1006900805 XXXXXX XX 00000 1/1/2036 58500 121968568 1006364259 XXX XXXXXXX XX 00000 10/1/2020 58750 122370207 1006731168 XXXXXXXXX XX 00000 12/1/2035 59400 122464914 1006781502 XXXXXXX XXXX XX 00000 1/1/2036 58800 122539813 1006893604 XXXXXXXXX XX 00000 1/1/2036 59000 121743904 3001483621 XXXXXXXX XX 00000 8/1/2020 60000 122501077 1006736746 XXXX XX 00000 1/1/2036 59200 121601622 1006068165 XXXXXXXXXX XXXX XX 00000 8/1/2020 60000 122332868 1006859571 XXXXXXXXX XX 00000 1/1/2036 59500 122391420 1006892713 XXXXX XX 00000 1/1/2036 59600 121619989 1006050601 AMERICAN XXXXXX XX 00000 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1006875072 SAN DIEGO CA 92154 1/1/2036 540800 121748436 3001505621 TRACY CA 95377 10/1/2035 546000 121730933 3001392350 ANAHEIM CA 92804 9/1/2035 549000 121704521 1006471278 FAIRFAX STATION VA 22039 11/1/2035 550000 122207153 1006527251 SAN JOSE CA 95121 11/1/2035 560000 122476129 1006823056 LONG BEACH CA 90815 1/1/2036 564000 121852034 1006327249 WOODBRIDGE VA 22193 10/1/2035 565250 121780688 1006072183 ORANGE BEACH AL 36561 8/1/2035 571500 121804096 1006216871 PASADENA MD 21122 9/1/2035 584250 122667253 1006949547 FOLSOM CA 95630 12/1/2035 586000 122317855 1006718306 ANAHEIM CA 92807 12/1/2035 591200 121571219 1006300717 SOUTH OZONE PARK NY 11420 9/1/2035 600000 122064522 1006431496 NEW ROCHELLE NY 10804 10/1/2035 600000 122243132 1006748816 NEW HYDE PARK NY 11040 1/1/2036 608000 121748442 3001505670 MISSION VIEJO CA 92691 11/1/2035 618750 122470799 1006748154 FLOWER MOUND TX 75028 1/1/2036 619200 122626154 1006853780 HOUSTON TX 77019 1/1/2036 620000 122482616 1006895815 JAMAICA NY 11432 1/1/2036 636000 122206520 1006682940 SCARSDALE NY 10583 12/1/2035 640000 122079981 1006465338 CORONA CA 92881 10/1/2035 646400 122097834 1006408932 SAN JOSE CA 95126 10/1/2035 648400 121747672 3001526288 GILROY CA 95020 9/1/2035 671000 121747840 3001527849 LONG BEACH CA 90807 9/1/2035 674900 122192401 1006636060 CLARKSVILLE MD 21029 12/1/2035 690000 122604579 1006849572 MUNDELEIN IL 60060 1/1/2036 695300 121747869 3001528128 IRVINE CA 92614 11/1/2035 700000 122248370 1006604654 SO SAN FRANCISCO CA 94080 11/1/2035 720000 121736728 3001454010 SAN CARLOS CA 94070 10/1/2035 724000 122542732 1006880809 FOREST HILLS NY 11375 1/1/2036 725000 121906393 1006387847 LOS ANGELES CA 90291 10/1/2035 750000 122268682 1006630345 MANASSAS VA 20112 12/1/2035 756000 121736697 3001453707 RANCHO MIRAGE CA 92270 9/1/2035 806600 122058747 1006758823 EDGEWATER MD 21037 1/1/2036 840000 121732594 3001417736 DETROIT MI 48223 9/1/2035 118500 122658183 1006928285 SHEPHERDSTOWN WV 25443 1/1/2036 326156 Cut-Off Date First Owner Principal Payment Scheduled LTV at Occupancy Original Loan Number Balance Date Payment Origination Code Note Rate -------------------------------------------------------------------------------------------------------------------------- 122456100 11994.97 2/1/2006 107.53 58.785 OWNER OCC 10.25 121510834 12727.58 8/1/2005 125.79 68.813 OWNER OCC 11.375 121724727 14604.31 2/1/2005 105.91 30 OWNER OCC 7.6 121690576 14946.39 9/1/2005 107.46 77.288 OWNER OCC 7.75 121846358 14968.53 10/1/2005 123.4 79.011 NON-OWNER 9.25 121525121 14974.2 9/1/2005 145.69 80 OWNER OCC 11.25 121128748 16034.42 7/1/2005 128.09 80 2ND HOME 8.875 122430931 16250 2/1/2006 139.61 79.94 OWNER OCC 9.75 122045490 16979.41 11/1/2005 160.29 80 OWNER OCC 10.875 121929816 17591.91 12/1/2005 194.69 55 NON-OWNER 13 121872535 17692.59 12/1/2005 144.83 80 OWNER OCC 9 121648712 17978.5 10/1/2005 183.42 8.014 OWNER OCC 11.875 122501681 18000 2/1/2006 143.22 51.724 OWNER OCC 8.875 121479604 18273.82 8/1/2005 154.12 80 NON-OWNER 9.5 121396008 18410.81 7/1/2005 139.27 80 OWNER OCC 8 121369553 18427.62 7/1/2005 148.86 80 2ND HOME 9 121537866 19468.28 8/1/2005 174.22 39.575 OWNER OCC 6.5 121569719 19725.3 9/1/2005 199.89 63.728 OWNER OCC 8.75 121963601 19913.61 12/1/2005 146.75 56.321 OWNER OCC 8 122005906 19981.26 12/1/2005 171.83 81.905 OWNER OCC 9.75 121972971 19982.85 11/1/2005 177.36 80 NON-OWNER 10.125 122511357 19991.84 2/1/2006 181.08 33.333 NON-OWNER 10.375 121351010 20958.19 10/1/2005 176.58 90 OWNER OCC 9.5 122532206 20987.92 2/1/2006 165.21 25.536 OWNER OCC 8.75 121174079 21233.04 7/1/2005 173.8 63.889 OWNER OCC 9 121605482 21919.39 9/1/2005 155.71 52.143 OWNER OCC 7.625 121753233 22056.61 10/1/2005 157.48 80 OWNER OCC 7.625 121759642 22489.4 12/1/2005 191.25 90 NON-OWNER 9.625 121958541 22491.06 1/1/2006 205.82 90 OWNER OCC 10.5 121549893 22726.3 9/1/2005 171.29 62.158 OWNER OCC 8.25 122067513 23980.49 11/1/2005 217.3 80 NON-OWNER 10.375 122255188 23985.46 1/1/2006 184.54 13.873 OWNER OCC 8.5 121419278 24515.7 8/1/2005 195.73 60.517 OWNER OCC 8.875 121958688 24621.75 11/1/2005 193.92 85 NON-OWNER 8.75 122472590 24700 2/1/2006 249.32 31.465 OWNER OCC 11.75 121631789 24747.32 10/1/2005 207.94 63.932 OWNER OCC 9.375 122537709 24789.03 2/1/2006 217.64 80 OWNER OCC 10 121348417 24899.7 7/1/2005 198.91 59.311 OWNER OCC 8.875 121905995 24963.8 11/1/2005 217.09 52.319 OWNER OCC 9.875 122212580 24980.05 12/1/2005 228.68 80 NON-OWNER 10.5 122309841 24985.24 2/1/2006 194.45 42.308 OWNER OCC 8.625 122575193 24989.8 2/1/2006 226.35 42.767 OWNER OCC 10.375 122063877 24992.65 2/1/2006 254.75 60.803 OWNER OCC 11.875 122147585 25987.21 1/1/2006 218.62 80 OWNER OCC 9.5 122358980 26000 2/1/2006 305.8 38.806 OWNER OCC 11.625 121298503 26471.3 7/1/2005 238.93 80 OWNER OCC 6.75 121692754 26840.58 10/1/2005 216.44 63.097 OWNER OCC 9 121426503 26937.42 9/1/2005 212.41 38.166 OWNER OCC 8.75 122143268 26992.69 1/1/2006 282.93 80 OWNER OCC 12.25 121465117 27051.32 8/1/2005 278.92 56.113 OWNER OCC 9 121609782 27419.74 9/1/2005 216.34 56.167 OWNER OCC 8.75 122366845 27750 2/1/2006 218.31 75 NON-OWNER 8.75 121921027 27795.15 11/1/2005 199.6 80 OWNER OCC 7.625 121725457 28124.14 6/1/2005 196.47 80 NON-OWNER 7.25 121955103 28298.1 11/1/2005 217.99 90 NON-OWNER 8.5 121983752 28521.09 2/1/2006 305.06 34.249 OWNER OCC 12.25 121766047 28651.39 10/1/2005 267.56 40.745 OWNER OCC 6.875 122494351 28982.44 2/1/2006 222.98 74.359 OWNER OCC 8.5 121599481 29195.72 9/1/2005 214.92 46.143 OWNER OCC 7.75 122583291 29237.06 2/1/2006 256.69 90 NON-OWNER 10 121926571 29564.41 11/1/2005 270.76 80 OWNER OCC 10.5 121933993 29637.9 11/1/2005 269.65 33.204 OWNER OCC 7 122518591 29676 2/1/2006 324.68 40.709 OWNER OCC 10.125 121543503 29676.81 9/1/2005 233.34 64.282 OWNER OCC 8.625 122184043 29736.49 2/1/2006 258.33 85 OWNER OCC 9.875 122362860 29743 2/1/2006 269.3 67.598 OWNER OCC 10.375 121712435 29756.19 10/1/2005 299.83 75.228 OWNER OCC 8.75 121528215 29817.86 9/1/2005 220.13 39.83 OWNER OCC 8 122152282 29843.67 12/1/2005 229.75 90 NON-OWNER 8.5 122331117 29902.22 1/1/2006 263.4 48.143 OWNER OCC 6.625 122598298 29983.18 2/1/2006 238.69 37.5 OWNER OCC 8.875 121283477 30101.7 7/1/2005 305.35 83.137 OWNER OCC 11.75 122292815 31000 2/1/2006 265.8 80 OWNER OCC 6.25 122109646 31385.74 1/1/2006 272.66 80 OWNER OCC 9.875 121450008 31599.34 7/1/2005 278.19 80 OWNER OCC 10 121076525 31642.67 8/1/2005 323.02 56 OWNER OCC 11.875 121841744 31961.57 10/1/2005 244.16 42.646 OWNER OCC 8.25 122280428 32000.31 1/1/2006 207.55 80 OWNER OCC 6.75 122479977 32500 2/1/2006 279.23 77.895 OWNER OCC 9.75 121803698 32551.51 11/1/2005 274.12 80 OWNER OCC 9.5 122062717 32571.04 12/1/2005 286.09 80 OWNER OCC 10 122196880 32825.72 12/1/2005 205.25 80 OWNER OCC 6.375 121374878 32875.09 7/1/2005 250.82 62.334 OWNER OCC 8.375 121445603 32875.8 9/1/2005 265.53 50 OWNER OCC 9 121462486 32906.14 9/1/2005 262.56 36 OWNER OCC 8.875 122545993 32984.19 2/1/2006 280.5 64.679 OWNER OCC 9.625 122494484 33200 2/1/2006 255.28 57.107 OWNER OCC 8.5 121801923 33557.37 11/1/2005 301.09 88 OWNER OCC 10.25 122354392 33892.73 2/1/2006 305.6 29.182 OWNER OCC 7 121099832 33910.41 7/1/2005 320.58 54.447 OWNER OCC 10.875 122053051 33918.4 12/1/2005 362.77 61.818 OWNER OCC 9.875 122185581 33984.14 2/1/2006 292.11 80 OWNER OCC 9.75 122597630 34223.21 2/1/2006 242.41 70.001 OWNER OCC 7.625 122386893 34312 2/1/2006 297.95 89.999 NON-OWNER 9.875 121803961 34425.72 10/1/2005 280.7 88 OWNER OCC 9.125 121814589 34428.63 10/1/2005 250.15 80 OWNER OCC 7.875 121725214 34681.35 5/1/2005 260.49 76.09 OWNER OCC 8.15 121262529 34755.17 6/1/2005 294.3 51.973 OWNER OCC 9.5 121235052 34891.76 7/1/2005 310.39 57.467 OWNER OCC 10.125 121647327 34940.78 9/1/2005 313.64 54.806 OWNER OCC 10.25 122223243 34950.85 12/1/2005 256.82 66.327 OWNER OCC 8 122184621 35168.97 1/1/2006 308.91 78.924 OWNER OCC 10 121939538 35477.91 12/1/2005 276.27 80 NON-OWNER 8.625 122277660 35700 2/1/2006 326.56 70 OWNER OCC 10.5 121425184 35882.62 7/1/2005 312.61 80 OWNER OCC 9.875 122383660 35984.07 1/1/2006 315.93 90 NON-OWNER 10 122092895 36050 2/1/2006 329.76 100 OWNER OCC 10.5 121822524 36521.99 11/1/2005 262.21 80 OWNER OCC 7.75 122428862 36986.81 2/1/2006 352.36 52.717 OWNER OCC 11 121695564 37384.82 10/1/2005 259 77.143 OWNER OCC 7.375 122394720 38250 2/1/2006 297.5 85 NON-OWNER 8.625 122430776 38250 2/1/2006 304.33 85 NON-OWNER 8.875 121591917 38263.84 7/24/2005 362.91 65.154 OWNER OCC 7.625 121511985 38266.91 8/1/2005 326.06 67.423 OWNER OCC 9.625 121872880 38321.69 10/1/2005 319.23 80 OWNER OCC 9.375 121888724 38397.53 11/1/2005 246.52 80 OWNER OCC 6.625 122059207 38656.46 12/1/2005 307.91 90 NON-OWNER 8.875 122360713 38700 2/1/2006 311.39 90 NON-OWNER 9 122358836 38774.6 2/1/2006 345.86 56.115 OWNER OCC 10.125 122348317 39084.47 2/1/2006 357.66 85 OWNER OCC 10.5 121511644 39247.83 8/1/2005 365.15 50.48 OWNER OCC 7.25 121852850 39492.91 10/1/2005 385.15 59.31 OWNER OCC 8.125 121943025 39623.43 11/1/2005 317.22 90 NON-OWNER 8.925 121725184 39702.5 4/1/2005 294.9 80 NON-OWNER 8.05 121521150 39769.44 9/1/2005 336.34 54.731 OWNER OCC 9.5 122012466 39829.59 11/1/2005 272.87 48.473 OWNER OCC 7.25 122522542 39895.19 2/1/2006 303.42 80 OWNER OCC 8.375 121570916 39897.4 9/1/2005 332.7 58.486 OWNER OCC 9.375 121843866 39924.41 10/1/2005 343.67 52.092 OWNER OCC 9.75 122542876 39977.22 2/1/2006 316.11 66.667 OWNER OCC 8.8 122570741 39986.5 2/1/2006 388.5 63.492 OWNER OCC 11.25 122269913 40000 2/1/2006 304.7 72.727 OWNER OCC 8.875 122372619 40000 2/1/2006 336.34 80 OWNER OCC 9.5 122389022 40000 2/1/2006 370.8 69.518 OWNER OCC 7.5 122512573 40000 2/1/2006 259.44 50.065 OWNER OCC 6.75 122544838 40000 2/1/2006 343.66 80 NON-OWNER 9.75 122451994 41310 2/1/2006 332.39 91.8 OWNER OCC 9 121565865 41466.89 9/1/2005 377.51 72.581 OWNER OCC 7 122096436 41470.28 12/1/2005 395.21 80 NON-OWNER 11 121667766 41664.65 10/1/2005 289.98 80 OWNER OCC 7.375 121782881 41916.38 10/1/2005 353.16 80 NON-OWNER 9.5 122086309 42235.38 12/1/2005 363.21 95 OWNER OCC 9.75 122119072 42300.37 1/1/2006 317.79 90 OWNER OCC 8.25 122274140 42400 2/1/2006 352.66 80 NON-OWNER 9.375 122454827 42417.93 1/1/2006 365.14 100 OWNER OCC 9.75 122429356 42500 2/1/2006 330.56 85 NON-OWNER 8.625 121724717 42506.93 1/1/2005 356.77 80 NON-OWNER 9.4 122074953 42729.89 9/1/2005 388.31 8.037 OWNER OCC 10.4 121374852 42836.15 9/1/2005 304.35 22.037 OWNER OCC 7.625 121525110 42948.59 10/1/2005 393.34 80 2ND HOME 10.5 121822633 43135.74 11/1/2005 363.25 90 NON-OWNER 9.5 121388655 43136.08 10/1/2005 363.25 90 NON-OWNER 9.5 122477647 43180.37 2/1/2006 375.13 90 OWNER OCC 9.875 122378713 43284.79 2/1/2006 311.43 55 OWNER OCC 7.625 122439397 43624.22 2/1/2006 339.51 90 NON-OWNER 8.625 122391263 44000 2/1/2006 365.97 77.193 OWNER OCC 9.375 122436029 44000 2/1/2006 315.23 80 OWNER OCC 7.75 122611165 44236.62 2/1/2006 446.66 75 NON-OWNER 11.75 122654502 44370.21 2/1/2006 325.79 80 OWNER OCC 8 122522727 44437.28 2/1/2006 457.22 70 OWNER OCC 12 122463076 44776.44 2/1/2006 389.08 80 OWNER OCC 10.25 122329071 44800 2/1/2006 380.8 80 NON-OWNER 9.625 121671616 44801.93 9/1/2005 345.55 80 OWNER OCC 8.5 121724729 44849.95 1/1/2005 363.57 76.67 NON-OWNER 7.25 121768513 44892.97 10/1/2005 358.04 54.25 OWNER OCC 8.875 122020905 44944.26 11/1/2005 342.03 90 NON-OWNER 8.375 122445455 44963.11 2/1/2006 299.39 31.806 OWNER OCC 7 122218222 44981.13 1/1/2006 403.25 90 NON-OWNER 10.25 122392183 44983.51 1/1/2006 424.3 90 OWNER OCC 10.875 122381956 45000 2/1/2006 382.5 69.231 OWNER OCC 9.625 122667248 45000.24 1/1/2006 480.27 15 OWNER OCC 12.5 122309326 45000.35 1/1/2006 370.2 80 OWNER OCC 9.25 121961968 45441.08 12/1/2005 382.47 87.473 NON-OWNER 9.5 122256518 45485.46 2/1/2006 450.58 70 OWNER OCC 11.5 122044108 45876.57 12/1/2005 377.61 90 NON-OWNER 9.25 122051649 45876.57 12/1/2005 377.61 90 NON-OWNER 9.25 122376623 46250 2/1/2006 393.12 65.141 NON-OWNER 9.625 122606446 46288.13 2/1/2006 335.85 80 OWNER OCC 7.875 122482795 46681.48 2/1/2006 351.29 80 OWNER OCC 8.25 122202553 46850.38 1/1/2006 385.42 50 OWNER OCC 9.25 122056882 47462.09 12/1/2005 434.5 72.381 OWNER OCC 10.5 121830229 47629.05 11/1/2005 401.09 90 NON-OWNER 9.5 121466685 47822.84 7/1/2005 369.08 80 OWNER OCC 8.5 122580612 47920 2/1/2006 335.06 80 OWNER OCC 7.5 121724599 47950.23 12/1/2004 492.13 74.59 OWNER OCC 8.5 122558082 48000 2/1/2006 394.88 88.889 OWNER OCC 9.25 122184075 48800.25 1/1/2006 516.09 80 OWNER OCC 12.375 121313145 48888.05 7/1/2005 452.92 52.285 OWNER OCC 7.125 121543130 48889.79 9/1/2005 430.01 51.257 OWNER OCC 10 122329326 49000 2/1/2006 407.56 73.134 OWNER OCC 9.375 121770826 49372.25 10/1/2005 434.17 40.661 OWNER OCC 9.875 121805254 49410 10/1/2005 344.84 90 OWNER OCC 8.375 122121108 49421.59 12/1/2005 389.42 83.898 NON-OWNER 8.75 121447896 49519.63 8/1/2005 424.99 60.929 OWNER OCC 9.625 121505677 49800.26 8/1/2005 388.89 44.832 OWNER OCC 8.625 121575866 49824.4 9/1/2005 411.34 66.773 OWNER OCC 9.25 121481920 49840.3 9/1/2005 411.34 48.818 OWNER OCC 9.25 122430932 49845.65 1/1/2006 456.43 36.461 OWNER OCC 7.25 121655063 49883.66 10/1/2005 393.35 53.626 OWNER OCC 8.75 121710087 49883.66 10/1/2005 393.35 54.974 OWNER OCC 8.75 122438719 49895.45 1/1/2006 361.77 85 OWNER OCC 7.875 121862584 49915.04 10/1/2005 448.05 55.028 OWNER OCC 10.25 122279725 49951.59 1/1/2006 452.7 80 OWNER OCC 10.375 121748428 49975.9 12/1/2005 464.86 47.62 OWNER OCC 10.7 122264438 50000 2/1/2006 442.45 41.743 OWNER OCC 6.75 122435697 50000 2/1/2006 349.61 64.112 OWNER OCC 7.5 122483616 50000 2/1/2006 358.21 68.966 OWNER OCC 7.75 122497396 50000 2/1/2006 388.89 37.595 OWNER OCC 8.625 122558185 50000 2/1/2006 503.42 33.889 OWNER OCC 8.875 122590872 50000 2/1/2006 332.65 37.329 OWNER OCC 7 121748435 50042.73 12/1/2005 395.93 38.54 OWNER OCC 8.8 122021258 50280.82 11/1/2005 437.21 95 NON-OWNER 9.875 121748268 50341.79 12/1/2005 396.5 90 NON-OWNER 8.75 122486068 50375.86 2/1/2006 428.39 80 OWNER OCC 9.625 122508320 50400 2/1/2006 351.75 80 OWNER OCC 8.375 121748138 50478.84 9/1/2005 332.73 99.97 NON-OWNER 6.875 121725030 50526.34 4/1/2005 393.95 72.86 OWNER OCC 8.55 121625682 50639.26 9/1/2005 358.46 80 OWNER OCC 7.375 122390138 50700 2/1/2006 341.58 63.017 OWNER OCC 7.125 122459712 50772.25 2/1/2006 408.75 80 OWNER OCC 9 122446004 50800 2/1/2006 386.12 80 OWNER OCC 8.375 122008901 50816.75 9/1/2005 387.64 51.785 OWNER OCC 8.375 121685896 50890.21 10/1/2005 414.95 80 OWNER OCC 9.125 121960517 50926.42 11/1/2005 360.97 80 OWNER OCC 7.625 122452353 50974.25 2/1/2006 424.19 85 OWNER OCC 9.375 122335941 50979.73 1/1/2006 466.52 85 NON-OWNER 10.5 122447713 51000 2/1/2006 428.84 85 OWNER OCC 9.5 122555842 51000 2/1/2006 452.28 100 OWNER OCC 10.125 121749049 51800.74 11/1/2005 358.6 80 OWNER OCC 7.375 122474312 51828.67 2/1/2006 452.98 40.927 OWNER OCC 6.5 122381994 51920 2/1/2006 376.46 80 OWNER OCC 7.875 121984928 52446.27 12/1/2005 344.89 80 OWNER OCC 6.875 121307361 52686.25 7/1/2005 352.28 80 OWNER OCC 7 121748311 52892.59 11/1/2005 388.9 100 OWNER OCC 8 122571454 53000 2/1/2006 421.69 77.941 OWNER OCC 8.875 121748218 53124.63 11/1/2005 363.26 100 OWNER OCC 7.25 121863819 53500 2/1/2006 454.74 59.77 OWNER OCC 9.625 122511737 53600 2/1/2006 530.8 80 2ND HOME 11.5 122509048 53690.49 2/1/2006 440.23 68.846 OWNER OCC 9.625 121725463 53733.62 6/1/2005 391.83 76.08 OWNER OCC 7.88 121856395 53853.63 10/1/2005 396.23 90 NON-OWNER 8 122083505 53914.61 11/1/2005 444.24 90 NON-OWNER 9.25 122254074 53975.47 1/1/2006 468.91 90 OWNER OCC 9.875 122169453 54335.53 12/1/2005 423.12 80 OWNER OCC 8.625 122537395 54400 2/1/2006 452.47 80 OWNER OCC 9.375 122381324 54782.49 2/1/2006 542.68 34.25 OWNER OCC 11.5 121754841 54861.82 10/1/2005 418.04 49.166 OWNER OCC 8.375 121857581 54868.5 10/1/2005 427.78 56.752 OWNER OCC 8.625 121748199 54870.49 11/1/2005 375.2 100 OWNER OCC 7.25 121951985 54909.2 11/1/2005 442.54 37.037 OWNER OCC 9 122393891 54966.58 2/1/2006 422.9 78.571 OWNER OCC 8.5 122510128 55000 2/1/2006 356.73 28.41 OWNER OCC 6.75 122134638 55100.46 1/1/2006 433.47 95 OWNER OCC 8.75 122067676 55144.11 12/1/2005 469.19 80 NON-OWNER 9.625 122518150 55406.47 12/1/2005 364.6 75 NON-OWNER 6.875 122063761 55730.4 12/1/2005 424.12 90 NON-OWNER 8.375 122079574 55730.4 12/1/2005 424.12 90 NON-OWNER 8.375 122282235 55920 2/1/2006 444.92 80 OWNER OCC 8.875 122491526 56000 2/1/2006 445.56 80 OWNER OCC 8.875 121724713 56353.34 1/1/2005 448.88 80 NON-OWNER 8.8 121846498 56497.04 11/1/2005 540.62 28.078 OWNER OCC 7.875 122609795 56603.88 2/1/2006 425.52 80 OWNER OCC 8.25 122543123 56800 2/1/2006 493.22 80 OWNER OCC 9.875 121748213 56896.38 11/1/2005 428.22 100 OWNER OCC 8.25 122488747 57164.45 2/1/2006 434.76 80 OWNER OCC 8.375 121748237 57433.6 12/1/2005 452.35 100 OWNER OCC 8.75 121839326 57499.85 11/1/2005 453.14 90 NON-OWNER 8.75 122391640 57500 1/1/2006 347.4 51.6 OWNER OCC 7.25 122344736 57600 2/1/2006 553.99 80 NON-OWNER 11.125 122370814 57600 2/1/2006 510.81 80 OWNER OCC 10.125 122508060 57723.06 2/1/2006 496.16 75 OWNER OCC 9.75 122484227 57966.63 2/1/2006 456.29 55.238 OWNER OCC 8.75 122596521 58000 2/1/2006 563.33 100 OWNER OCC 11.25 122510800 58465.46 2/1/2006 455.01 90 2ND HOME 8.625 121968568 58664.88 11/1/2005 499.37 77.3 OWNER OCC 9.625 122370207 58794.74 1/1/2006 488.67 90 OWNER OCC 9.25 122464914 58800 2/1/2006 457.34 80 OWNER OCC 8.625 122539813 59000 2/1/2006 496.1 65.556 NON-OWNER 9.5 121743904 59170.65 9/1/2005 506.31 29.6 OWNER OCC 6 122501077 59199.8 2/1/2006 370 80 OWNER OCC 7.5 121601622 59221.88 9/1/2005 530.95 65.391 OWNER OCC 6.75 122332868 59500 2/1/2006 583.56 85 2ND HOME 11.375 122391420 59553.5 2/1/2006 406.58 80 OWNER OCC 7.25 121619989 59629.89 9/1/2005 456.04 55.942 OWNER OCC 8.375 121141491 59670.3 6/1/2005 440.26 41.818 OWNER OCC 8 122091985 59715.91 11/1/2005 418.48 90 NON-OWNER 7.5 121576358 59797.21 9/1/2005 394.16 70.087 OWNER OCC 6.875 122479576 59806.55 1/1/2006 530.95 64.615 OWNER OCC 6.75 121748265 59817.27 12/1/2005 434.32 100 OWNER OCC 7.875 121892459 59834.81 10/1/2005 488.18 46.885 OWNER OCC 9.125 121748309 59861.24 11/1/2005 414.41 92.31 OWNER OCC 7.375 122155928 59866.4 11/1/2005 450.76 75 NON-OWNER 8.25 121977502 59912.86 12/1/2005 424.68 80 OWNER OCC 7.625 122368191 59917.15 2/1/2006 435.04 80 OWNER OCC 7.875 121947931 59949.59 12/1/2005 565.73 80 NON-OWNER 10.875 122498745 59968.89 2/1/2006 493.61 26.087 OWNER OCC 9.25 122113650 59978.61 1/1/2006 571.39 59.406 OWNER OCC 11 122321797 60000 1/1/2006 425 68.966 OWNER OCC 8.5 122494394 60000 2/1/2006 450.76 80 OWNER OCC 8.25 122587549 60000 2/1/2006 424.68 59.248 OWNER OCC 7.625 122616687 60210 2/1/2006 528.39 89.866 OWNER OCC 10 122583676 60275.38 2/1/2006 545.96 90 OWNER OCC 10.375 122287398 60775 2/1/2006 604.63 65 OWNER OCC 11.56 122056780 60800 12/1/2005 487.67 80 NON-OWNER 9.625 122302390 61074.84 1/1/2006 480.75 90 OWNER OCC 8.75 122225406 61174.34 2/1/2006 548.41 90 NON-OWNER 10.25 121748242 61464 12/1/2005 489.32 100 OWNER OCC 8.875 122157978 61599.1 12/1/2005 548.64 42.092 OWNER OCC 6.75 122139937 61607.31 12/1/2005 555.48 80 OWNER OCC 7 121998003 61617.48 12/1/2005 384.77 42.534 OWNER OCC 6.375 121748999 61750.74 7/1/2005 363.05 80 OWNER OCC 5.75 122314008 62000 2/1/2006 515.68 60.305 OWNER OCC 9.375 122439298 62000 2/1/2006 567.14 68.889 OWNER OCC 10.5 122354139 62100 2/1/2006 477.5 90 OWNER OCC 8.5 121359480 62104.19 8/1/2005 393.04 80 OWNER OCC 6.375 122503977 62400 2/1/2006 425.68 80 OWNER OCC 7.25 122607060 62400 2/1/2006 490.9 80 OWNER OCC 8.75 122615954 62400 2/1/2006 513.35 80 OWNER OCC 9.25 121748263 62843.59 12/1/2005 539.74 100 OWNER OCC 9.625 122310798 62846.25 2/1/2006 672.19 23.993 OWNER OCC 9.875 122468274 62960.44 2/1/2006 476.62 70 OWNER OCC 8.325 121748289 62963.35 12/1/2005 490.01 100 OWNER OCC 8.625 122535037 62970.61 2/1/2006 541.27 90 OWNER OCC 9.75 122452951 63000 2/1/2006 518.29 90 NON-OWNER 9.25 122471060 63000 2/1/2006 635.93 70 OWNER OCC 11.75 122118219 63089.32 11/1/2005 497.19 80 OWNER OCC 8.75 121724698 63375.49 1/1/2005 456.24 79.99 OWNER OCC 7.7 122594883 63559.44 2/1/2006 477.81 80 OWNER OCC 8.25 122372976 63650 2/1/2006 489.41 95 OWNER OCC 8.5 122394320 63750 2/1/2006 619.18 72.443 NON-OWNER 11.25 122547985 63750 2/1/2006 473.34 75 OWNER OCC 8.125 122636775 63800 2/1/2006 457.07 80 OWNER OCC 7.75 122351940 63957.06 2/1/2006 469.61 80 OWNER OCC 8 121335452 64145.06 8/1/2005 465.67 29.353 OWNER OCC 7.75 121747609 64241.23 10/1/2005 386.71 75 OWNER OCC 6 121725006 64435.72 3/1/2005 596.85 73.08 OWNER OCC 6.8 122149877 64675.53 1/1/2006 570.42 80 OWNER OCC 10 121724886 64685.05 3/1/2005 434.29 55 OWNER OCC 6.65 122527432 64800 2/1/2006 504.01 80 OWNER OCC 8.625 122500513 64875 2/1/2006 453.62 75 OWNER OCC 7.5 122216679 65000 2/1/2006 488.32 61.875 OWNER OCC 8.25 122485401 65171.92 2/1/2006 578.21 100 OWNER OCC 10.125 121671748 65393.84 9/1/2005 836.08 27.627 OWNER OCC 8.375 122480629 65631.16 2/1/2006 437 80 OWNER OCC 7 121724839 65729.82 2/1/2005 448.42 79.99 OWNER OCC 7.15 122451497 65963 1/1/2006 525.13 80 OWNER OCC 8.875 122370515 66000 2/1/2006 666.21 67.347 OWNER OCC 11.75 121859380 66020.52 11/1/2005 604.64 80 OWNER OCC 10.5 121748294 66203.38 9/1/2005 425.81 95 OWNER OCC 6.625 122563524 66374.83 2/1/2006 576.63 95 OWNER OCC 9.875 122116599 66500 12/1/2005 422.55 95 OWNER OCC 7.625 122580999 66749.17 2/1/2006 461.37 80 OWNER OCC 7.375 122459389 67000 2/1/2006 423.49 43.927 OWNER OCC 6.5 121724794 67309.19 2/1/2005 452.41 80 OWNER OCC 7 122076068 67348.78 11/1/2005 471.97 89.404 NON-OWNER 7.5 122634400 67469.33 2/1/2006 586.14 90 OWNER OCC 9.875 121874904 67500 11/1/2005 513.28 90 2ND HOME 9.125 122370386 67518 2/1/2006 481.3 86.076 OWNER OCC 7.625 122192483 67657.43 12/1/2005 508.61 88.903 NON-OWNER 8.25 122192907 67657.43 12/1/2005 508.61 88.903 NON-OWNER 8.25 121877869 67683.06 10/1/2005 605.52 60 NON-OWNER 10 121748173 67853.62 10/1/2005 487.16 100 OWNER OCC 7.75 121747979 67937.7 12/1/2005 424.23 100 OWNER OCC 6.375 122067249 67939.59 12/1/2005 596.75 80 OWNER OCC 10 121937408 68000 2/1/2006 541.04 80 OWNER OCC 8.875 121969468 68000 11/1/2005 474.58 80 OWNER OCC 8.375 122382127 68000 2/1/2006 460.42 80 OWNER OCC 8.125 122267636 68000.27 1/1/2006 466.44 85 OWNER OCC 7.875 122281488 68000.54 1/1/2006 559.42 80 OWNER OCC 9.25 121725292 68291.75 5/1/2005 457.73 80 OWNER OCC 7 121748347 68324.13 12/1/2005 551.17 100 OWNER OCC 9 121329912 68445.91 8/1/2005 519.75 60.295 OWNER OCC 8.125 121748325 68724.56 12/1/2005 553.58 100 OWNER OCC 9 121747959 68899.8 12/1/2005 488.38 100 OWNER OCC 7.625 121971319 69319.11 11/1/2005 619.44 36.286 OWNER OCC 6.75 122160580 69321.26 2/1/2006 647.37 95 OWNER OCC 10.75 121701531 69800.44 10/1/2005 501.49 59.987 OWNER OCC 7.75 121545224 69805.9 9/1/2005 563.24 80 OWNER OCC 9 121659943 69871.23 10/1/2005 607.84 46.761 OWNER OCC 9.875 122493447 69955.36 2/1/2006 525.89 80 OWNER OCC 8.25 122531197 70000 2/1/2006 601.41 59.322 OWNER OCC 9.75 122535079 70000 2/1/2006 633.78 100 OWNER OCC 10.375 122535644 70000 2/1/2006 594.99 62.5 OWNER OCC 9.625 122568341 70000 2/1/2006 706.59 70 OWNER OCC 11.75 122460352 70156.37 2/1/2006 533.57 90 OWNER OCC 8.375 121725270 70474.19 5/1/2005 489.17 40.57 NON-OWNER 7.35 121748304 70802.26 10/1/2005 514.8 100 OWNER OCC 7.875 121725455 70818.69 6/1/2005 507.98 75 NON-OWNER 7.7 122559016 70864 2/1/2006 544.88 80 OWNER OCC 8.5 122464641 71000 2/1/2006 744.01 22.188 OWNER OCC 12.25 121740708 71019.5 11/1/2005 467.74 80 OWNER OCC 6.875 122621972 71048 2/1/2006 546.3 71.766 OWNER OCC 8.5 122267322 71154.6 2/1/2006 534.9 80 OWNER OCC 8.25 122084732 71200 12/1/2005 459.83 80 OWNER OCC 7.75 122174318 71250 2/1/2006 512.11 95 OWNER OCC 8.625 121748331 71369.14 11/1/2005 549.77 100 OWNER OCC 8.5 122101827 71440 12/1/2005 573.01 80 OWNER OCC 9.625 122657047 71767.87 2/1/2006 637.13 80 OWNER OCC 6.75 121732602 71777.72 10/1/2005 496.06 80 OWNER OCC 7.35 121748252 71808.11 12/1/2005 591.5 100 OWNER OCC 9.25 122563989 71882.71 2/1/2006 591.67 80 OWNER OCC 9.25 122573900 71920 2/1/2006 527.72 80 OWNER OCC 8 122241430 71932.55 12/1/2005 618.59 90 NON-OWNER 9.75 122437700 71950.45 2/1/2006 522.05 69.231 OWNER OCC 7.875 122546151 71968.99 2/1/2006 638.51 100 OWNER OCC 10.125 122336420 71972.15 2/1/2006 665.35 100 OWNER OCC 10.625 122564359 72000 2/1/2006 572.86 80 OWNER OCC 8.875 122391789 72400 2/1/2006 506.23 80 OWNER OCC 7.5 121725333 72552.66 6/1/2005 448.33 60 OWNER OCC 6.2 122190375 72675 12/1/2005 514.78 95 OWNER OCC 8.5 121782036 72916.98 10/1/2005 555.66 56.474 OWNER OCC 8.375 121748258 72917.85 12/1/2005 580.82 100 OWNER OCC 8.875 122355927 73555.41 2/1/2006 565.92 80 OWNER OCC 8.5 122485102 73600.65 1/1/2006 552.93 80 OWNER OCC 8.25 121732500 73769.26 10/1/2005 507.33 80 OWNER OCC 7.3 121640959 74149.43 9/1/2005 455.71 37.973 OWNER OCC 6.125 122428772 74400 2/1/2006 558.94 80 OWNER OCC 8.25 122597267 74400 2/1/2006 520.22 80 OWNER OCC 7.5 122616325 74502 2/1/2006 546.67 80 OWNER OCC 8 121292560 74656.99 7/1/2005 651.26 58.594 OWNER OCC 9.875 122345284 74700 2/1/2006 567.77 88.929 OWNER OCC 8.375 121748308 74891.78 11/1/2005 530.85 100 OWNER OCC 7.625 121748285 74896.73 11/1/2005 543.8 100 OWNER OCC 7.875 122075005 74933.61 10/1/2005 535.79 90 2ND HOME 7.7 121325628 74990.6 7/1/2005 464.87 50.63 OWNER OCC 6.25 121732527 74996.4 10/1/2005 625.06 90 OWNER OCC 9.375 122428196 75000 2/1/2006 476.56 57.506 OWNER OCC 7.625 122491574 75000 2/1/2006 543.8 52.487 OWNER OCC 7.875 122521504 75000 2/1/2006 627.84 58.556 OWNER OCC 5.875 122574378 75000 2/1/2006 461.79 58.742 OWNER OCC 6.25 122597907 75000 2/1/2006 630.64 100 OWNER OCC 9.5 122366714 75494.98 2/1/2006 690.86 95 OWNER OCC 10.5 122504808 75515.39 2/1/2006 587.7 80 OWNER OCC 8.625 121638732 75580.07 10/1/2005 467.95 44.749 OWNER OCC 6.25 121748166 75783.37 10/1/2005 544.47 100 OWNER OCC 7.75 122472726 75911.42 2/1/2006 604.32 85 OWNER OCC 8.875 122570389 75953.96 2/1/2006 584.37 80 OWNER OCC 8.5 122549470 75956.28 2/1/2006 597.89 100 OWNER OCC 8.75 122506643 76000 2/1/2006 709.45 80 OWNER OCC 10.75 121828259 76302.84 10/1/2005 574.72 85.955 NON-OWNER 8.25 121730936 76319.36 10/1/2005 433.32 79.33 OWNER OCC 5.45 122506984 76413.35 2/1/2006 650.24 85 OWNER OCC 9.625 122264526 76422.95 12/1/2005 643.26 90 OWNER OCC 9.5 122471717 76440 2/1/2006 692.09 30.576 OWNER OCC 10.375 122617138 76738.58 2/1/2006 517.42 80 OWNER OCC 7.125 122558504 76800 2/1/2006 556.85 80 OWNER OCC 7.875 122565676 76800 2/1/2006 631.81 80 OWNER OCC 9.25 121725332 76974.85 5/1/2005 542.59 80 NON-OWNER 7.5 121914126 76982.91 10/1/2005 553.43 80 OWNER OCC 7.75 122490804 77400 2/1/2006 615.83 90 OWNER OCC 8.875 122596728 77400 2/1/2006 650.82 90 NON-OWNER 9.5 121748239 77443.21 12/1/2005 541.89 100 OWNER OCC 7.5 122264933 77489.2 2/1/2006 696.32 100 OWNER OCC 10.625 121748245 77499.71 12/1/2005 532.81 100 OWNER OCC 8.25 121732556 77600 10/1/2005 517.33 80 OWNER OCC 8 121748229 77900 12/1/2005 421.96 95 OWNER OCC 6.5 122272302 78218.49 2/1/2006 672.33 90 NON-OWNER 9.75 122080444 78219.85 11/1/2005 521.6 80 OWNER OCC 7 122509148 78346.05 2/1/2006 568.45 80 OWNER OCC 7.875 122454813 78374.33 2/1/2006 776.39 70 OWNER OCC 11.5 122198526 78400 2/1/2006 571.67 80 OWNER OCC 8.75 122531612 78400 2/1/2006 791.38 70 OWNER OCC 11.75 122542573 78400 2/1/2006 688.89 80 OWNER OCC 10.375 122121419 78400.75 1/1/2006 528.2 80 OWNER OCC 7.125 122065238 78532.33 1/1/2006 509.8 73.849 OWNER OCC 6.75 122336279 78740.04 2/1/2006 544.25 80 OWNER OCC 7.375 121748333 78879.84 12/1/2005 552.38 100 OWNER OCC 7.5 122554960 79000 2/1/2006 421.33 46.471 OWNER OCC 6.4 122360249 79065.56 1/1/2006 573.67 80 OWNER OCC 7.875 122500276 79156.74 1/1/2006 637.26 90 NON-OWNER 9 122324378 79200 2/1/2006 623.07 90 NON-OWNER 8.75 122597156 79200 2/1/2006 623.07 80 OWNER OCC 8.75 121748323 79321.89 11/1/2005 555.88 100 OWNER OCC 7.5 121725119 79367.34 4/1/2005 553.83 79.99 OWNER OCC 7.4 122611482 79600 2/1/2006 570.26 80 OWNER OCC 7.75 122040930 79730.04 12/1/2005 696.89 34.848 OWNER OCC 6.5 121748326 79758.5 11/1/2005 559.37 100 OWNER OCC 7.5 121740494 79774.21 10/1/2005 575.9 100 OWNER OCC 7.8 122532180 79814.64 2/1/2006 650.09 85 OWNER OCC 9.125 122514179 79851.6 2/1/2006 614.36 85 OWNER OCC 8.5 121732582 79876.39 10/1/2005 469.41 79.98 OWNER OCC 7.05 122508844 79900 2/1/2006 621.45 85 OWNER OCC 8.625 122280332 79900.76 1/1/2006 531.58 21.032 OWNER OCC 7 122547735 79927.33 2/1/2006 505.65 45.691 OWNER OCC 6.5 122569630 79942.1 2/1/2006 566.23 80 OWNER OCC 7.625 122501708 79977.9 1/1/2006 563.77 80 OWNER OCC 8.125 122284213 80000 2/1/2006 928.2 72.727 OWNER OCC 11.375 122430450 80000 2/1/2006 629.36 45.647 OWNER OCC 8.75 122440259 80000 2/1/2006 518.88 80 OWNER OCC 6.75 122441119 80000 2/1/2006 608.06 50.765 OWNER OCC 8.375 121725358 80058.11 6/1/2005 678.01 69.87 OWNER OCC 5.6 122478740 80188.93 2/1/2006 554.27 75 OWNER OCC 7.375 122446722 80275 2/1/2006 667.69 95 OWNER OCC 9.375 121748337 80610.57 12/1/2005 523.74 95 OWNER OCC 6.75 122431157 80695.82 2/1/2006 592.51 85 OWNER OCC 8 122465901 80741.52 1/1/2006 571.9 80 OWNER OCC 7.625 122085453 80750 12/1/2005 622.45 95 OWNER OCC 9.25 121748243 80753.56 12/1/2005 551.88 89.99 OWNER OCC 7.25 122536481 80800 2/1/2006 564.97 80 OWNER OCC 7.5 122053007 80872.23 11/1/2005 666.37 90 NON-OWNER 9.25 122558924 80902.96 2/1/2006 622.45 79.999 OWNER OCC 8.5 122366911 80907.92 1/1/2006 530.97 90 OWNER OCC 7.875 121732532 80950.85 10/1/2005 664.46 94.33 OWNER OCC 9.2 121748187 80999.69 11/1/2005 514.69 100 OWNER OCC 7.625 122017859 81167.66 11/1/2005 703.09 44.931 OWNER OCC 6.25 122299751 81200 2/1/2006 574.73 79.608 NON-OWNER 7.625 122163991 81459.5 1/1/2006 570 80 OWNER OCC 7.5 121748339 81572.14 12/1/2005 557.34 95 OWNER OCC 7.25 122197391 81600 2/1/2006 612 80 OWNER OCC 9 122319151 81600 2/1/2006 784.81 85 NON-OWNER 11.125 122372990 81800 2/1/2006 614.54 80 OWNER OCC 8.25 121732499 81863.17 10/1/2005 655.38 44.09 OWNER OCC 8.925 122360356 81929.4 1/1/2006 531.85 42.667 OWNER OCC 6.75 121748170 82313.35 12/1/2005 471.75 94.98 OWNER OCC 6.875 122436307 82350 2/1/2006 655.21 90 OWNER OCC 8.875 122436906 82400 2/1/2006 685.36 80 OWNER OCC 9.375 122453866 82450 2/1/2006 678.3 85 OWNER OCC 9.25 122374599 82470.58 2/1/2006 785.67 100 OWNER OCC 11 121710079 82532.34 9/1/2005 622.05 31.691 OWNER OCC 8.25 121559934 82621.56 8/1/2005 524.62 56.558 OWNER OCC 6.5 122450085 82800 2/1/2006 607.56 80 OWNER OCC 8 122228078 83000.63 1/1/2006 713.1 100 OWNER OCC 9.75 122013774 83043.78 11/1/2005 632.38 80 OWNER OCC 8.375 122629811 83130.26 2/1/2006 581.69 80 OWNER OCC 7.5 121732495 83316.34 8/1/2005 633.95 95 OWNER OCC 8.35 122479744 83354.93 2/1/2006 569.07 80 OWNER OCC 7.25 122017287 83462.98 1/1/2006 732.16 100 OWNER OCC 9.99 121748312 83881.04 11/1/2005 609.06 100 OWNER OCC 7.875 122327812 83929.43 1/1/2006 551.82 80 OWNER OCC 6.875 122603483 83943.64 2/1/2006 616.36 80 OWNER OCC 8 122441240 84000 2/1/2006 609.06 80 OWNER OCC 7.875 122644471 84000.69 1/1/2006 669.85 80 OWNER OCC 8.9 122272830 84600.67 1/1/2006 703.66 87.216 OWNER OCC 9.375 122096984 84737.61 2/1/2006 775.93 37.096 OWNER OCC 7.25 122474474 84800 2/1/2006 682.32 80 OWNER OCC 9 121745861 84860.24 12/1/2005 565.51 65.38 OWNER OCC 7 122493522 84961.04 2/1/2006 761.69 100 OWNER OCC 10.25 122436690 84999.98 2/1/2006 638.58 78.704 OWNER OCC 8.25 122288934 85000 2/1/2006 745.94 78.868 OWNER OCC 10 122436180 85000 2/1/2006 572.66 19.585 OWNER OCC 7.125 122544574 85000 2/1/2006 683.93 89.474 NON-OWNER 9 122090477 85409.99 12/1/2005 703.39 90 OWNER OCC 9.25 122474484 85531.55 2/1/2006 576.7 80 OWNER OCC 7.125 121821105 85789.38 10/1/2005 653.28 90 NON-OWNER 8.375 121748332 85850.48 11/1/2005 676.56 100 OWNER OCC 8.75 121725240 85853.17 5/1/2005 619.64 79.91 OWNER OCC 5.8 121748253 85990.14 12/1/2005 600.21 100 OWNER OCC 8.375 122113028 86000 12/1/2005 609.17 80 OWNER OCC 8.5 122516220 86189.99 2/1/2006 646.43 85 OWNER OCC 9 122300803 86202.87 1/1/2006 664.34 80 OWNER OCC 8.5 121748267 86400 12/1/2005 522 80 OWNER OCC 7.25 122392799 86434.07 2/1/2006 597.43 50.882 OWNER OCC 7.375 121990022 86724.73 11/1/2005 892.84 70 OWNER OCC 12 121747956 86809.89 11/1/2005 615.78 100 OWNER OCC 7.625 122344976 86897 2/1/2006 755.46 98.864 OWNER OCC 9.875 122193037 86928.38 1/1/2006 845 100 OWNER OCC 11.25 121748158 87000 10/1/2005 570.94 100 OWNER OCC 7.875 122061381 87000 1/1/2006 561.88 83.654 OWNER OCC 7.75 121858830 87102.04 10/1/2005 694.6 90 NON-OWNER 8.875 122501994 87200 2/1/2006 678.23 80 OWNER OCC 8.625 122442439 87249.77 2/1/2006 686.79 89.082 OWNER OCC 8.75 121748037 87390.95 12/1/2005 549.01 80 OWNER OCC 6.375 121748261 87602.23 12/1/2005 636.97 94.97 OWNER OCC 7.875 121946715 87762.24 11/1/2005 723.13 100 OWNER OCC 9.25 122330055 88190 2/1/2006 621.48 80 OWNER OCC 8.125 122329123 88500 2/1/2006 744.16 75 NON-OWNER 9.5 122461729 88679.42 2/1/2006 666.64 80 OWNER OCC 8.25 121749043 88705.97 12/1/2005 511.18 80 OWNER OCC 5.625 122393758 88800 2/1/2006 647.5 80 OWNER OCC 8.75 121749027 88846.01 10/1/2005 638.32 90 OWNER OCC 7.75 121748327 88867.49 12/1/2005 622.3 100 OWNER OCC 7.5 121732533 89000 10/1/2005 589.63 79.46 OWNER OCC 7.95 122194786 89227.74 1/1/2006 709.93 94.922 OWNER OCC 8.875 122368091 89400 2/1/2006 687.41 58.816 OWNER OCC 8.5 121934676 89420.25 11/1/2005 761.17 90 NON-OWNER 9.625 122575855 89536.76 2/1/2006 641.91 80 OWNER OCC 7.75 121426136 89539.77 8/1/2005 591.24 80 OWNER OCC 6.875 121748341 89856.14 12/1/2005 644.77 100 OWNER OCC 7.75 122383871 89933.21 2/1/2006 629.29 75 NON-OWNER 7.5 121997272 89937.53 11/1/2005 617.37 80 OWNER OCC 7.25 122023469 89940.42 12/1/2005 660.39 90 OWNER OCC 8 122344024 90000 2/1/2006 740.41 90 NON-OWNER 9.25 122537429 90000 2/1/2006 613.96 44.423 OWNER OCC 7.25 121546134 90232.19 11/1/2005 670.85 71.93 OWNER OCC 8.125 121847654 90234.53 11/1/2005 695.1 80 OWNER OCC 8.5 121725315 90291.85 5/1/2005 656.38 79.99 OWNER OCC 5.95 122249154 90440.8 1/1/2006 671.96 56.563 OWNER OCC 8.125 122213231 90524 12/1/2005 680.95 80 OWNER OCC 8.25 121301263 90617.36 7/1/2005 659.81 46.861 OWNER OCC 7.875 121748207 90854.23 11/1/2005 620.78 100 OWNER OCC 7.25 122294361 91128.86 2/1/2006 622.14 80 OWNER OCC 7.25 121733324 91593.09 10/1/2005 542.75 65.71 OWNER OCC 5.85 122185331 91758.99 12/1/2005 797.14 90 NON-OWNER 9.875 121748269 92000 12/1/2005 498.33 80 OWNER OCC 6.5 122089135 92000 12/1/2005 511.75 80 OWNER OCC 6.675 122219053 92000 2/1/2006 691.17 80 OWNER OCC 8.25 122544090 92000 2/1/2006 627.6 80 OWNER OCC 7.25 122596984 92424.18 2/1/2006 615.4 47.939 OWNER OCC 7 122581251 92722.04 2/1/2006 609.63 80 OWNER OCC 6.875 122567132 92777.12 2/1/2006 738.36 80 OWNER OCC 8.875 122521707 92937.51 2/1/2006 662.49 80 OWNER OCC 7.625 122541107 93115.87 2/1/2006 675.76 80 OWNER OCC 7.875 122447233 93392 2/1/2006 793.82 80 OWNER OCC 9.625 121747989 93393.51 12/1/2005 555.16 85 OWNER OCC 7.125 121747967 93445.81 12/1/2005 622.09 80 OWNER OCC 6.99 122152279 93465.76 12/1/2005 678.66 90 NON-OWNER 7.875 122568826 93600 2/1/2006 695.09 80 OWNER OCC 8.625 122686263 93750.89 1/1/2006 631.93 75 OWNER OCC 7.13 122393974 94392.85 1/1/2006 692.62 80 OWNER OCC 8 121748329 94432.47 12/1/2005 668.87 90 OWNER OCC 7.625 122485987 94500 2/1/2006 751.88 90 OWNER OCC 8.875 122166545 94622.64 2/1/2006 728.01 88.07 OWNER OCC 8.5 121854536 94724.4 10/1/2005 824.06 100 OWNER OCC 9.875 121522682 94733.35 8/1/2005 816.2 80 OWNER OCC 9.75 122182483 94767.94 12/1/2005 608.3 52.313 OWNER OCC 6.625 122147582 94800 12/1/2005 641.88 80 OWNER OCC 8.125 121748346 94862.06 12/1/2005 672.4 84.9 OWNER OCC 7.625 122287775 94929.49 2/1/2006 664.26 100 OWNER OCC 7.5 121748178 95000 11/1/2005 613.54 100 OWNER OCC 7.75 121748182 95000 11/1/2005 583.85 100 OWNER OCC 7.375 122534471 95200 2/1/2006 748.94 80 OWNER OCC 8.75 122464682 95349.23 2/1/2006 776.21 88.333 OWNER OCC 9.125 121748154 95793.8 9/1/2005 452 80 OWNER OCC 5.65 122563199 95900 2/1/2006 712.05 79.983 OWNER OCC 8.125 121748247 95912.03 12/1/2005 598.92 80 OWNER OCC 6.375 121748224 95970 11/1/2005 530 80 OWNER OCC 6.25 121732479 96000 10/1/2005 640 80 OWNER OCC 8 122342826 96000 2/1/2006 738.16 80 OWNER OCC 8.5 122608127 96000 2/1/2006 704.41 80 OWNER OCC 8 122617858 96000 2/1/2006 580 80 OWNER OCC 7.25 122543028 96600 2/1/2006 627.15 70 OWNER OCC 7.38 121732601 96693.98 10/1/2005 875.54 85 OWNER OCC 10.35 122211109 96698.88 1/1/2006 718 78.618 OWNER OCC 8.125 121748441 96897.86 12/1/2005 960.58 77.6 OWNER OCC 11.5 122552068 97200 2/1/2006 738.79 90 OWNER OCC 8.375 121732546 97284.55 10/1/2005 784.51 84.78 OWNER OCC 9 122275192 97500 1/1/2006 578.91 71.691 OWNER OCC 7.125 122295122 97525.73 2/1/2006 674.1 80 OWNER OCC 7.375 122573526 97545.28 2/1/2006 776.55 80 OWNER OCC 8.875 121767452 97600 10/1/2005 498.17 80 OWNER OCC 6.125 122619086 97750 2/1/2006 813.03 85 OWNER OCC 9.375 122434525 97828.31 2/1/2006 745.37 93.19 OWNER OCC 8.875 122083218 98000 12/1/2005 571.67 80 OWNER OCC 7 121973509 98019.73 1/1/2006 754.15 80 OWNER OCC 8.5 122584309 98045 2/1/2006 780.53 60 OWNER OCC 8.875 122128868 98116.45 12/1/2005 604.75 80 OWNER OCC 7.375 122566477 98312 2/1/2006 704.32 80 OWNER OCC 7.75 121894780 98318 11/1/2005 532.56 80 OWNER OCC 6.5 122524468 98318.2 2/1/2006 778.37 80 OWNER OCC 9.5 121836596 98400 1/1/2006 615 80 OWNER OCC 7.5 122371454 98482.13 1/1/2006 680.41 80 OWNER OCC 7.875 122520594 98574.65 2/1/2006 850.62 43.354 OWNER OCC 6.125 122480983 98650 2/1/2006 829.5 100 OWNER OCC 9.5 122661357 98728.49 2/1/2006 699.3 80 OWNER OCC 7.625 122448547 98857 2/1/2006 725.38 80 OWNER OCC 8 122553674 98953.82 2/1/2006 850.56 90 OWNER OCC 9.75 122017945 98999.92 11/1/2005 649.69 82.5 OWNER OCC 7.875 122040949 99000 2/1/2006 743.75 90 OWNER OCC 8.25 122554695 99055.79 1/1/2006 651.35 75.114 OWNER OCC 6.875 122559713 99200 2/1/2006 825.1 80 NON-OWNER 9.375 122519108 99400 2/1/2006 1003.35 70 OWNER OCC 11.75 121776548 99464.88 11/1/2005 648.6 45.012 OWNER OCC 6.75 122354453 99502.79 2/1/2006 640.31 47.052 OWNER OCC 6.625 121748314 99604.26 12/1/2005 706.02 95 OWNER OCC 7.625 122056986 99659.8 1/1/2006 850.62 48.914 OWNER OCC 6.125 122576776 99659.8 2/1/2006 850.62 49.342 OWNER OCC 6.125 121596096 99708.11 9/1/2005 786.7 51.282 OWNER OCC 8.75 121634332 99755.1 10/1/2005 768.91 41.198 OWNER OCC 8.5 121744576 99809.73 12/1/2005 615.72 80 OWNER OCC 6.25 121801663 99817.85 10/1/2005 768.91 44 OWNER OCC 8.5 122502417 99903.91 2/1/2006 648.53 37.603 OWNER OCC 6.75 122032358 99914.05 12/1/2005 665.3 63.375 OWNER OCC 7 122251113 99925.79 1/1/2006 699.21 46.4 OWNER OCC 7.5 121748437 99925.98 12/1/2005 941.01 78.74 OWNER OCC 10.85 122444860 99936.23 2/1/2006 751.27 62.5 OWNER OCC 8.25 122569762 99943.94 2/1/2006 795.64 80 OWNER OCC 8.875 122299510 99963.36 2/1/2006 942.89 55.249 OWNER OCC 10.875 122162203 100000 12/1/2005 697.92 80 OWNER OCC 8.375 122250274 100000 2/1/2006 822.68 100 OWNER OCC 9.25 122347441 100000 1/1/2006 677.08 80 OWNER OCC 8.125 122520684 100000 2/1/2006 877.57 80 NON-OWNER 10 122590741 100000 2/1/2006 682.18 61.091 OWNER OCC 7.25 122531484 100248.33 2/1/2006 828.78 85 OWNER OCC 9.3 122548313 100300 2/1/2006 727.24 85 OWNER OCC 7.875 122583363 100400 2/1/2006 669.34 80 OWNER OCC 8 122599535 100663.54 2/1/2006 801.37 80 OWNER OCC 8.875 121891827 100800 11/1/2005 472.5 80 OWNER OCC 5.625 122551495 101012 2/1/2006 706.29 80 OWNER OCC 7.5 122589935 101425 2/1/2006 834.4 100 OWNER OCC 9.25 122560444 101600 2/1/2006 698.5 80 OWNER OCC 8.25 122540811 101680 2/1/2006 745.38 80 OWNER OCC 7.99 122586647 101750 2/1/2006 1078.05 55 OWNER OCC 12.4 121748316 101803.53 11/1/2005 766.29 100 OWNER OCC 8.25 122533300 101907.79 2/1/2006 644.71 58.286 OWNER OCC 6.5 122568942 101927.75 2/1/2006 730.74 80 OWNER OCC 7.75 122448964 102000 2/1/2006 766.29 88.696 OWNER OCC 8.25 122612902 102106 2/1/2006 723.25 80 OWNER OCC 8.5 122013031 102198.26 1/1/2006 925.69 90 NON-OWNER 10.375 121749074 102308.44 12/1/2005 647.24 80 OWNER OCC 6.5 122274566 102333.01 1/1/2006 760.32 80 OWNER OCC 8.125 122471239 102348.29 2/1/2006 851.71 80 OWNER OCC 9.375 122571156 102400 2/1/2006 778.31 80 OWNER OCC 8.375 122452060 102638.42 2/1/2006 817.1 80 OWNER OCC 8.875 122354173 102700 2/1/2006 1036.66 64 OWNER OCC 11.75 122476792 102800 2/1/2006 745.37 80 OWNER OCC 7.875 122584700 102880 2/1/2006 763.88 80 OWNER OCC 8.125 122329110 102929.12 2/1/2006 746.82 61.31 OWNER OCC 7.875 122300499 103123.41 1/1/2006 721.59 80 OWNER OCC 7.5 122391681 103200 2/1/2006 748.27 80 OWNER OCC 7.875 122061336 103260.03 11/1/2005 750.45 90 NON-OWNER 7.875 121880454 103265.33 10/1/2005 823.49 90 NON-OWNER 8.875 121694409 103285.86 10/1/2005 750.45 90 NON-OWNER 7.875 122603926 103441.81 2/1/2006 823.49 90 NON-OWNER 8.875 121732494 103462.43 10/1/2005 821.37 85 OWNER OCC 8.825 122507528 103500 2/1/2006 823.49 89.61 NON-OWNER 8.875 122453172 103533.94 2/1/2006 778.31 80 OWNER OCC 8.25 122371611 103600 2/1/2006 759.49 80 OWNER OCC 8.5 121818189 103718.05 10/1/2005 763.12 80 NON-OWNER 8 122106084 103821.22 11/1/2005 790.1 90 NON-OWNER 8.375 122356006 103920 1/1/2006 681.98 80 OWNER OCC 7.875 122591034 103920 2/1/2006 627.85 80 OWNER OCC 7.25 122386227 103931.97 2/1/2006 772.2 80 OWNER OCC 8.125 122603891 103940.16 2/1/2006 818.17 80 OWNER OCC 8.75 121748051 103997.61 10/1/2005 530.83 80 OWNER OCC 6.125 122089529 104036.86 11/1/2005 702.03 80 OWNER OCC 7.125 122533113 104322.52 2/1/2006 729.98 90 OWNER OCC 7.5 121748030 104369.55 11/1/2005 608.91 80 OWNER OCC 6.999 121748068 104425.34 12/1/2005 739.64 95 OWNER OCC 7.625 122101713 104560.61 11/1/2005 732.22 80 OWNER OCC 7.5 122435363 104800 2/1/2006 676.83 80 OWNER OCC 7.75 122535612 104800 2/1/2006 714.92 80 OWNER OCC 7.25 122297863 104851.6 1/1/2006 901.25 100 OWNER OCC 9.75 122558571 104880 2/1/2006 710.13 80 OWNER OCC 8.125 122279679 104900 12/1/2005 776.57 80 OWNER OCC 8.875 122429142 104927.74 2/1/2006 761.32 53.846 OWNER OCC 7.875 122450755 104946.31 1/1/2006 873.34 100 OWNER OCC 9.375 122515600 105000 2/1/2006 970.3 38.889 OWNER OCC 10.625 122452411 105243.94 2/1/2006 856.76 90 OWNER OCC 9.125 121748274 105425 12/1/2005 571.19 95 OWNER OCC 6.5 122491778 105919.34 2/1/2006 732.12 80 OWNER OCC 7.375 122494533 106000 2/1/2006 697.55 63.095 OWNER OCC 7.5 121732579 106129.9 9/1/2005 888.86 95 OWNER OCC 9.425 122355236 106309.01 2/1/2006 725.78 80 OWNER OCC 7.25 121996427 106798.67 2/1/2006 738.2 80 OWNER OCC 7.375 122442827 106955.13 1/1/2006 958.83 69.032 OWNER OCC 10.25 121732529 106996.62 10/1/2005 713.33 79.91 OWNER OCC 8 122344453 107000 2/1/2006 948.9 100 OWNER OCC 10.125 122552702 107114.27 2/1/2006 722.23 80 OWNER OCC 7.125 122598079 107116.38 1/1/2006 731.29 63.059 NON-OWNER 7.25 121740497 107498.96 9/1/2005 591.25 65.55 OWNER OCC 6.6 122097905 107600 12/1/2005 560.42 80 OWNER OCC 6.25 122550332 107600 2/1/2006 846.49 80 OWNER OCC 8.75 121732475 107692.11 10/1/2005 773.73 80 OWNER OCC 7.75 122079703 107850 2/1/2006 763.36 79.889 OWNER OCC 7.625 122505784 107923.13 2/1/2006 1069.51 67.5 OWNER OCC 11.5 122197435 107928.5 12/1/2005 849.64 80 OWNER OCC 8.75 122588153 107932.87 2/1/2006 820.88 80 OWNER OCC 8.375 122495327 107934.57 2/1/2006 830.43 90 OWNER OCC 8.5 122369800 107936.24 2/1/2006 840.01 80 OWNER OCC 8.625 121732585 108000 10/1/2005 720 77.14 OWNER OCC 8 122428757 108000 2/1/2006 730.75 80 OWNER OCC 7.75 122514561 108000 2/1/2006 764.42 80 OWNER OCC 7.625 122547090 108000 2/1/2006 664.97 80 OWNER OCC 6.25 122624766 108000 2/1/2006 652.5 80 OWNER OCC 7.25 122507085 108230.5 2/1/2006 738.9 80 OWNER OCC 7.25 122008515 108280.51 12/1/2005 789.83 80 OWNER OCC 8.75 122498629 108450 2/1/2006 857.47 90 OWNER OCC 9.25 122452713 108623 2/1/2006 825.61 79.995 OWNER OCC 8.375 122464207 108709.06 2/1/2006 1015.16 75 OWNER OCC 10.75 122322385 108800 2/1/2006 1005.42 80 OWNER OCC 10.625 121652407 108887.36 10/1/2005 943.17 45.5 OWNER OCC 6.25 122545671 108900 2/1/2006 752.15 90 OWNER OCC 7.375 121725339 108913.18 5/1/2005 781.66 80 OWNER OCC 7.7 122392301 108950.48 1/1/2006 946.5 100 OWNER OCC 9.875 121748203 109071.07 11/1/2005 726.11 95 OWNER OCC 6.99 121747950 109150 11/1/2005 704.93 94.97 OWNER OCC 7.75 122307515 109200 2/1/2006 928.19 84.981 OWNER OCC 9.625 121725079 109335.59 4/1/2005 719.63 79.99 OWNER OCC 6.8 122309964 109625.77 2/1/2006 935.69 53.104 OWNER OCC 6.125 122493802 109744.55 2/1/2006 913.26 90 NON-OWNER 9.375 121915374 109794.43 10/1/2005 836.08 64 OWNER OCC 8.375 121749025 109819.85 11/1/2005 731.09 78.24 OWNER OCC 6.99 122430839 109902.95 2/1/2006 704.34 48.057 OWNER OCC 6.625 122580266 109916.3 2/1/2006 759.74 64.706 OWNER OCC 7.375 122456019 110000 2/1/2006 943.17 26.609 OWNER OCC 6.25 122478093 110000 2/1/2006 756.25 73.333 OWNER OCC 8.25 122451331 110084 1/1/2006 722.43 80 OWNER OCC 7.875 121748155 110365.64 12/1/2005 849.65 85 OWNER OCC 8.5 122606954 110500 2/1/2006 791.64 81.852 OWNER OCC 7.75 122397009 110800 2/1/2006 727.13 80 OWNER OCC 7.875 122361072 110900 2/1/2006 902.32 100 OWNER OCC 9.125 122113985 111120 1/1/2006 798.68 80 OWNER OCC 8.625 121977150 111200 11/1/2005 671.83 80 OWNER OCC 7.25 122351510 111200 2/1/2006 671.83 80 OWNER OCC 7.25 122532463 111304.54 2/1/2006 1008.17 85 OWNER OCC 10.375 122618750 111450.69 2/1/2006 847.63 80 OWNER OCC 8.375 122596316 111605.44 2/1/2006 792.16 80 OWNER OCC 7.625 121749041 111694.6 11/1/2005 707.92 80 OWNER OCC 6.5 122151748 111858.17 12/1/2005 676.62 80 OWNER OCC 7.25 122557999 111883.33 2/1/2006 689.6 35.016 OWNER OCC 6.25 122477213 111920 2/1/2006 852.55 80 OWNER OCC 8.875 122286859 111926.73 1/1/2006 831.6 80 OWNER OCC 8.125 121732526 112000 10/1/2005 746.67 80 OWNER OCC 8 121947514 112000 11/1/2005 688.33 80 OWNER OCC 7.375 122184537 112000 12/1/2005 711.67 80 OWNER OCC 7.625 122531790 112000 2/1/2006 951.99 80 NON-OWNER 9.625 122584646 112000 2/1/2006 910 80 OWNER OCC 9.75 121860342 112187.26 10/1/2005 815.7 90 NON-OWNER 7.875 121637806 112224.47 10/1/2005 865.03 90 NON-OWNER 8.5 121748020 112306.84 11/1/2005 729.67 90 NON-OWNER 6.75 121884969 112370.07 12/1/2005 885.04 90 NON-OWNER 8.75 122075014 112500 10/1/2005 656.25 90 OWNER OCC 7 122204364 112568.59 1/1/2006 816.25 95 OWNER OCC 7.875 122331231 112625 2/1/2006 967.62 85 OWNER OCC 9.75 122583572 112636.35 2/1/2006 788.15 80 OWNER OCC 7.5 122507977 112800 2/1/2006 826.93 80 OWNER OCC 8.5 121740529 112857.94 9/1/2005 828.4 100 OWNER OCC 8.5 122395155 113050 2/1/2006 930.03 95 OWNER OCC 9.25 122391699 113133.17 2/1/2006 880.46 100 OWNER OCC 8.625 122260299 113485 12/1/2005 697.46 79.639 OWNER OCC 7.375 122282957 113558.58 1/1/2006 828.33 80 OWNER OCC 8.75 121748184 113599.49 11/1/2005 579.83 68.85 OWNER OCC 6.125 121952336 113600 11/1/2005 650.83 80 OWNER OCC 6.875 122394224 113600 1/1/2006 792.83 80 OWNER OCC 8.375 122473444 113703 2/1/2006 945.72 88.21 NON-OWNER 9.375 121738541 113826.85 9/1/2005 779.63 80 NON-OWNER 7.24 122482966 114210 2/1/2006 1012.84 90 NON-OWNER 10.125 122543007 114320 2/1/2006 750.23 80 OWNER OCC 7.875 121993438 114400 11/1/2005 810.33 80 OWNER OCC 8.5 122609749 114400 2/1/2006 879.64 80 OWNER OCC 8.5 122613158 114400 2/1/2006 799.9 80 OWNER OCC 7.5 122156490 114453.72 12/1/2005 831.02 80 OWNER OCC 7.875 121640040 114706.01 8/1/2005 956.51 13.53 NON-OWNER 9.375 122338948 114731.21 1/1/2006 964.88 100 OWNER OCC 9.5 122566712 114750 2/1/2006 964.88 85 OWNER OCC 9.5 122332344 114820 1/1/2006 729.59 80 OWNER OCC 7.625 122530856 114947.75 2/1/2006 998.6 100 OWNER OCC 9.875 121729370 115000 9/1/2005 1389.58 99.138 OWNER OCC 14.5 121748143 115000 9/1/2005 766.67 100 NON-OWNER 8 122245088 115000 2/1/2006 804.1 42.446 OWNER OCC 7.5 122550096 115000 2/1/2006 823.87 80.986 OWNER OCC 7.75 122213358 115089.18 12/1/2005 979.19 90 NON-OWNER 9.625 122483201 115110 2/1/2006 1020.82 90 NON-OWNER 10.125 122289994 115200 2/1/2006 672 80 OWNER OCC 7 122632073 115200 2/1/2006 877.54 90 OWNER OCC 8.875 121379967 115258.86 7/1/2005 859.81 65.359 OWNER OCC 8.125 122508271 115500 2/1/2006 960.67 70 OWNER OCC 9.375 122168769 115760 2/1/2006 869.67 80 OWNER OCC 8.25 122173904 115820.58 12/1/2005 664.58 80 OWNER OCC 6.875 122574802 115911.74 2/1/2006 801.18 80 OWNER OCC 7.375 122344201 115948.69 2/1/2006 1017.98 80 OWNER OCC 10 121732484 116000 10/1/2005 778.17 80 OWNER OCC 8.05 122608981 116000 2/1/2006 1028.71 80 OWNER OCC 10.125 121732603 116065.02 10/1/2005 973.68 83.37 OWNER OCC 9.45 122593392 116160 2/1/2006 732.43 80 OWNER OCC 7.125 122031554 116294.97 11/1/2005 758.86 57.918 OWNER OCC 6.75 122567571 116445.65 2/1/2006 1000.91 83.214 OWNER OCC 9.75 122482777 116460 2/1/2006 1032.79 90 NON-OWNER 10.125 122331745 116560 1/1/2006 898.48 80 OWNER OCC 9.25 121749001 116622.36 9/1/2005 769.4 80 OWNER OCC 6.875 122560009 116765.17 2/1/2006 845.17 80 OWNER OCC 8.375 121923065 116800 11/1/2005 827.33 80 OWNER OCC 8.5 121747987 116809.92 12/1/2005 797.46 94.97 OWNER OCC 7.25 122035487 116839.5 11/1/2005 848.33 90 NON-OWNER 7.875 121745858 116846.42 12/1/2005 868.72 90 OWNER OCC 8.125 122213753 116875 12/1/2005 951.95 90 NON-OWNER 9.125 122580607 116915.32 2/1/2006 828.12 90 OWNER OCC 7.625 122211104 116954.75 2/1/2006 1081.19 65 OWNER OCC 10.625 121748216 117000 11/1/2005 681.53 90 NON-OWNER 6.99 122226699 117000 2/1/2006 848.33 79.592 OWNER OCC 7.875 121989764 117255.8 11/1/2005 851.96 71.212 OWNER OCC 7.875 122082357 117271.75 11/1/2005 903.47 100 OWNER OCC 8.5 122483097 117360 2/1/2006 1040.78 90 NON-OWNER 10.125 122491615 117891 2/1/2006 1056.43 90 OWNER OCC 10.25 121831088 118078.82 11/1/2005 847.74 80 OWNER OCC 7.75 122272457 118226.47 1/1/2006 899.17 88.947 OWNER OCC 8.375 122483646 118560 2/1/2006 741 80 OWNER OCC 7.5 121970625 118720 11/1/2005 902.77 80 OWNER OCC 9.125 122140831 118735.22 12/1/2005 801.26 90 NON-OWNER 7.125 122555756 118750 2/1/2006 1053.1 95 OWNER OCC 10.125 121732512 118767.95 10/1/2005 1009.32 85 OWNER OCC 9.6 122543349 118800 2/1/2006 840.86 80 OWNER OCC 7.625 122435069 119000 2/1/2006 1128.66 85 OWNER OCC 7.875 121749026 119072.57 1/1/2006 686.18 80 OWNER OCC 5.625 122316212 119097.37 1/1/2006 773.13 80 OWNER OCC 6.75 122151916 119112.65 12/1/2005 833.46 80 OWNER OCC 7.5 122482483 119160 2/1/2006 1056.74 90 NON-OWNER 10.125 121748298 119228.73 10/1/2005 727.31 90 OWNER OCC 6.125 121732610 119505.39 10/1/2005 967.45 95 OWNER OCC 9.05 122230032 119538.82 12/1/2005 878.32 90 NON-OWNER 8 121748156 119631.38 10/1/2005 828.81 100 OWNER OCC 7.375 121732536 119787.23 10/1/2005 1057.53 75 OWNER OCC 10.05 121748429 119889.93 12/1/2005 1039.81 66.3 NON-OWNER 9.85 121749087 119896.68 1/1/2006 778.32 24.44 OWNER OCC 6.75 122630848 119910.94 2/1/2006 839.06 80 OWNER OCC 7.5 122192301 119923.48 2/1/2006 901.52 68.571 OWNER OCC 8.25 122508175 119934.45 2/1/2006 965.55 91.603 OWNER OCC 9 122041029 119990 2/1/2006 1030.9 80 OWNER OCC 9.75 122067498 120000 11/1/2005 787.5 80 OWNER OCC 7.875 122347144 120000 2/1/2006 818.61 64.171 OWNER OCC 7.25 122363555 120000 1/1/2006 850 80 OWNER OCC 8.5 122381938 120000 2/1/2006 954.77 100 OWNER OCC 8.875 122456137 120000 2/1/2006 1053.09 100 OWNER OCC 10 121732478 120536.64 9/1/2005 969.25 77.07 OWNER OCC 8.95 122236993 120600 2/1/2006 965.22 90 OWNER OCC 9.375 121748315 120742.14 11/1/2005 866.86 100 OWNER OCC 7.75 122162748 120800 12/1/2005 830.5 80 OWNER OCC 8.25 121732513 120862.88 10/1/2005 730.44 79.99 OWNER OCC 7.25 122493140 120926.69 2/1/2006 930.39 100 OWNER OCC 8.5 122386821 121000 1/1/2006 668.02 62.051 OWNER OCC 6.625 122318219 121126.58 1/1/2006 931.92 80 OWNER OCC 8.5 121732485 121242.79 10/1/2005 858.59 80 OWNER OCC 7.6 122589456 121301.47 2/1/2006 933.27 80 OWNER OCC 8.5 122386486 121325.29 2/1/2006 1020.67 100 OWNER OCC 9.5 122122166 121424.48 1/1/2006 923.49 98.78 OWNER OCC 8.375 122306986 121500 1/1/2006 847.97 90 OWNER OCC 8.375 122605754 121500 2/1/2006 937.2 90 OWNER OCC 9 122132494 121600 11/1/2005 772.67 80 OWNER OCC 7.625 122063377 122056.72 11/1/2005 824.31 80 OWNER OCC 7.125 122220676 122365.58 2/1/2006 1060.42 90.001 OWNER OCC 9.75 122518977 122400 2/1/2006 1062.86 90 OWNER OCC 9.875 122247003 123119.99 2/1/2006 756.68 80 OWNER OCC 7.375 121709203 123200 10/1/2005 705.83 80 OWNER OCC 6.875 121748044 123650 12/1/2005 695.53 79.99 OWNER OCC 6.75 121747946 123899.5 10/1/2005 620 80 OWNER OCC 6 122568129 123907.97 2/1/2006 867.03 80 OWNER OCC 7.5 122654448 123907.97 2/1/2006 867.03 80 OWNER OCC 7.5 122548532 123940.95 2/1/2006 867.26 80 OWNER OCC 7.5 122507999 124000 2/1/2006 835.41 80 OWNER OCC 7.125 122572083 124000 2/1/2006 813.75 80 OWNER OCC 7.875 122215634 124317.89 12/1/2005 764.05 80 OWNER OCC 7.375 121289942 124414.71 7/1/2005 1143.42 31.502 OWNER OCC 10.5 121146359 124507.23 6/1/2005 1062.49 37.647 OWNER OCC 9.625 121942680 124697.7 1/1/2006 830.3 78.491 OWNER OCC 7 122621451 124714.11 2/1/2006 904.89 80 OWNER OCC 7.875 121749070 124723.67 12/1/2005 709.74 30.34 OWNER OCC 5.5 121771056 124737.07 10/1/2005 1073.94 57.985 OWNER OCC 9.75 121745805 124789.37 12/1/2005 821.16 60.68 OWNER OCC 6.875 122194540 124800 12/1/2005 728 80 OWNER OCC 7 122548084 124800 2/1/2006 798.31 80 OWNER OCC 7.25 122289203 124879.95 2/1/2006 994.16 79.082 OWNER OCC 8.875 121749073 124886.99 1/1/2006 790.09 63.78 OWNER OCC 6.5 122220893 124895.49 1/1/2006 961.22 90.005 OWNER OCC 8.5 122464709 124999.25 2/1/2006 781.25 57.923 OWNER OCC 7.5 122611670 125000 2/1/2006 1085.44 64.767 OWNER OCC 9.875 122152150 125600 1/1/2006 785 80 OWNER OCC 7.5 122577964 125600 2/1/2006 1056.11 80 NON-OWNER 9.5 122625379 125600 2/1/2006 785 80 OWNER OCC 7.5 121888864 125658.57 11/1/2005 1082.53 100 OWNER OCC 9.75 122472453 125695.3 1/1/2006 1011.93 89.992 OWNER OCC 9 122374864 125800 2/1/2006 945.09 86.759 OWNER OCC 8.25 122203980 125858.2 12/1/2005 1002.51 90 NON-OWNER 8.875 121926455 125876.55 11/1/2005 1059.48 79.862 OWNER OCC 9.5 121933978 125999.75 11/1/2005 813.75 80 OWNER OCC 7.75 121732543 126238.56 10/1/2005 1091.27 85 OWNER OCC 9.8 121732521 126358.12 10/1/2005 832.13 80 OWNER OCC 7.9 122393421 126400 1/1/2006 776.83 80 OWNER OCC 7.375 122544177 126400 2/1/2006 927.48 80 OWNER OCC 8 122321514 126500 1/1/2006 935.57 87.241 OWNER OCC 8.875 122440478 126500 2/1/2006 1121.83 100 OWNER OCC 10.125 122438085 126800 1/1/2006 858.54 80 OWNER OCC 8.125 122329105 126900 2/1/2006 1055.49 90 OWNER OCC 9.375 122496195 127040.99 2/1/2006 966.2 80 OWNER OCC 8.375 122340086 127501.25 1/1/2006 816.4 77.905 OWNER OCC 6.625 122541058 127560 2/1/2006 969.55 80 OWNER OCC 8.375 121732552 127572.43 10/1/2005 847.3 79.01 OWNER OCC 6.95 122489204 127680 2/1/2006 744.8 80 OWNER OCC 7 122167656 127900 12/1/2005 759.41 27.213 OWNER OCC 7.125 122582392 127916.27 2/1/2006 950.4 80 OWNER OCC 8.125 122314815 127920 2/1/2006 806.58 80 OWNER OCC 7.125 122454321 127920 2/1/2006 812.83 80 OWNER OCC 7.625 122657070 127920 2/1/2006 719.55 80 OWNER OCC 6.75 121748254 127966.67 12/1/2005 666.67 80 OWNER OCC 6.25 121811617 128000 10/1/2005 666.67 80 OWNER OCC 6.25 122289046 128000 1/1/2006 800 80 OWNER OCC 7.5 122578896 128000 2/1/2006 760 80 OWNER OCC 7.125 122603573 128000 2/1/2006 950.55 80 OWNER OCC 8.625 122312381 128250 1/1/2006 841.64 95 OWNER OCC 7.875 122452201 128711.36 2/1/2006 933.89 80 OWNER OCC 7.875 122655287 129403.9 2/1/2006 905.48 56.304 OWNER OCC 7.5 122138609 129477.5 12/1/2005 849.98 80 OWNER OCC 7.875 122500761 129500 2/1/2006 1407.27 70 OWNER OCC 12.75 122495852 129520 2/1/2006 905.62 80 OWNER OCC 7.5 122213180 129600 1/1/2006 864 80 OWNER OCC 8 122484992 129600 2/1/2006 864 80 OWNER OCC 8 121748162 129709.98 10/1/2005 908.98 100 OWNER OCC 7.5 121732531 129785.57 10/1/2005 1084.06 85 OWNER OCC 9.4 121802428 129802.78 11/1/2005 897.88 54.546 OWNER OCC 7.375 122137751 129874.94 12/1/2005 1104.99 89.655 NON-OWNER 9.625 122438334 129878.54 2/1/2006 1011.13 86.667 OWNER OCC 8.625 122156685 129942.49 2/1/2006 1140.84 17.45 OWNER OCC 10 121727523 129943.06 7/1/2005 568.75 41.27 OWNER OCC 5.25 122328125 129963.82 2/1/2006 1349.72 65 OWNER OCC 12.125 121747948 129998.74 10/1/2005 839.58 100 OWNER OCC 7.75 122452561 130000 2/1/2006 1022.71 100 OWNER OCC 8.75 122528124 130000 2/1/2006 975 80 OWNER OCC 9 122557186 130000 2/1/2006 1093.11 100 OWNER OCC 9.5 122634489 130050 2/1/2006 988.47 85 OWNER OCC 8.375 122518190 130082.82 12/1/2005 750.66 80 OWNER OCC 5.625 121779779 130188.46 10/1/2005 1015.02 90 NON-OWNER 8.625 122478896 130400 2/1/2006 855.75 80 OWNER OCC 7.875 122235011 130500 2/1/2006 1003.43 90 OWNER OCC 8.5 122378188 130500 2/1/2006 1133.19 75 NON-OWNER 9.875 122463560 130500 2/1/2006 1109.24 90 OWNER OCC 9.625 122113221 130680.81 12/1/2005 1099.92 100 OWNER OCC 9.5 121988953 131000 11/1/2005 868.22 90 OWNER OCC 7.875 121637050 131067.34 10/1/2005 998.73 90 NON-OWNER 8.375 122294844 131200 1/1/2006 820 80 OWNER OCC 7.5 122435238 131200 2/1/2006 970.33 80 OWNER OCC 8.875 122627287 131507.12 2/1/2006 942.8 80 OWNER OCC 7.75 122518403 131670.19 2/1/2006 1013.04 85 OWNER OCC 8.5 122606881 131672.21 2/1/2006 1024.74 85 OWNER OCC 8.625 121791710 131707.24 11/1/2005 1002.95 95 NON-OWNER 8.375 122331457 131899.56 2/1/2006 911.69 78.571 OWNER OCC 7.375 122626027 131911.43 2/1/2006 968.57 80 OWNER OCC 8 122544506 131920 2/1/2006 979.5 80 OWNER OCC 8.125 121745824 132000 12/1/2005 866.25 80 OWNER OCC 7.875 122531947 132000 2/1/2006 834.33 32.456 OWNER OCC 6.5 122534955 132000 2/1/2006 867.15 7.223 OWNER OCC 6.875 122587371 132000 2/1/2006 852.5 80 OWNER OCC 7.75 122470176 132445.31 2/1/2006 745.31 50.42 OWNER OCC 6.75 122485325 132600 2/1/2006 1175.93 100 OWNER OCC 10.125 122461050 132713.06 2/1/2006 1378.27 65.394 OWNER OCC 12.125 122339618 132921.48 1/1/2006 1034.46 48.364 OWNER OCC 8.625 122443495 132930.21 2/1/2006 1094.16 100 OWNER OCC 9.25 122302421 133000 2/1/2006 1327.85 100 OWNER OCC 10.5 122460136 133200 2/1/2006 1012.42 90 NON-OWNER 8.375 122219767 133293.74 1/1/2006 1085.1 85 OWNER OCC 9.125 122354206 133539.31 2/1/2006 1160.11 80 OWNER OCC 9.875 122357073 133640.97 1/1/2006 1075.89 55.286 OWNER OCC 9 122228841 133741.92 12/1/2005 935.83 80 OWNER OCC 7.5 122079135 133819.58 12/1/2005 983.24 89.333 NON-OWNER 8 122542445 134000 2/1/2006 969.63 68.718 OWNER OCC 8.375 122532768 134284.28 2/1/2006 871.72 80 OWNER OCC 6.75 122099348 134400 1/1/2006 728 80 OWNER OCC 6.5 122143933 134400 12/1/2005 910 80 OWNER OCC 8.125 122377242 134400 2/1/2006 962.86 80 OWNER OCC 7.75 122484817 134400 2/1/2006 1021.54 80 OWNER OCC 8.375 121782367 134634.05 10/1/2005 990.58 90 NON-OWNER 8 122132264 134788.74 12/1/2005 920.94 90 OWNER OCC 7.25 122281633 134904.71 2/1/2006 967.16 72.193 OWNER OCC 7.75 122355741 134904.71 1/1/2006 967.16 87.097 OWNER OCC 7.75 122199715 134926.26 1/1/2006 1086.24 75 NON-OWNER 9 122218183 134926.26 1/1/2006 1086.24 75 NON-OWNER 9 122360482 134934.98 2/1/2006 1145.02 90 NON-OWNER 9.6 122360989 134934.98 2/1/2006 1145.02 90 NON-OWNER 9.6 122492202 135000 2/1/2006 1122.86 90 NON-OWNER 9.375 122593443 135000 2/1/2006 1362.71 70.313 OWNER OCC 11.75 122454561 135086.41 1/1/2006 888.17 78.377 OWNER OCC 6.875 121993843 135200 11/1/2005 718.25 80 OWNER OCC 6.375 122593404 135500 2/1/2006 1164.15 74.044 OWNER OCC 9.75 121764780 135897.27 10/1/2005 722.5 80 OWNER OCC 6.375 122434570 135900 2/1/2006 1463.6 69.692 OWNER OCC 12.625 122552283 135913.28 2/1/2006 1021.72 80 OWNER OCC 8.25 122276177 135920 2/1/2006 950.37 80 OWNER OCC 7.5 122117693 135996.83 12/1/2005 821.67 80 OWNER OCC 7.25 121748095 135999.17 12/1/2005 793.22 80 OWNER OCC 6.999 122204104 136000 2/1/2006 1033.7 85 OWNER OCC 8.375 122333169 136000 2/1/2006 1069.91 85 NON-OWNER 8.75 121745831 136275.57 12/1/2005 908.14 70 OWNER OCC 7 121732528 136398.13 10/1/2005 965.92 80 OWNER OCC 7.6 121748296 136409.93 10/1/2005 842.3 95 OWNER OCC 6.25 122616783 136417.14 1/1/2006 1048.6 70 OWNER OCC 8.49 122117075 136588 11/1/2005 825.22 80 OWNER OCC 7.25 122210523 136720 2/1/2006 854.5 80 OWNER OCC 7.5 122514643 136753.12 2/1/2006 887.63 80 OWNER OCC 7.375 122297542 136884.91 1/1/2006 899.99 78.736 OWNER OCC 6.875 122245093 137422.92 2/1/2006 1094.01 94.82 OWNER OCC 8.875 122445702 137500 2/1/2006 1131.18 100 OWNER OCC 9.25 122626879 137601.19 1/1/2006 1045.86 80 NON-OWNER 8.375 122477414 137700 2/1/2006 1071.02 90 OWNER OCC 8.625 122008564 138000 11/1/2005 833.75 80 OWNER OCC 7.25 122549167 138000 2/1/2006 941.4 80 OWNER OCC 7.25 122383314 138399.08 2/1/2006 1310.15 70 OWNER OCC 10.875 122454926 139000 2/1/2006 901.55 15.714 OWNER OCC 6.75 122099445 139159.11 12/1/2005 1096.03 90 NON-OWNER 8.75 122459493 139192 2/1/2006 914.39 80 OWNER OCC 6.875 121857733 139198.77 11/1/2005 696 80 OWNER OCC 6 122314849 139200 2/1/2006 973.31 80 OWNER OCC 7.5 122085149 139269.68 11/1/2005 1122.45 90 NON-OWNER 9 122162027 139415.5 2/1/2006 1072.63 90 OWNER OCC 8.5 121820488 139737.12 11/1/2005 1064.1 65 OWNER OCC 8.375 122573103 139840 2/1/2006 1112.63 80 OWNER OCC 8.875 121986863 139880 12/1/2005 728.54 80 OWNER OCC 6.25 122624189 139885.25 2/1/2006 931.42 80 OWNER OCC 7 122148407 139920 12/1/2005 961.95 80 OWNER OCC 8.25 122440190 139921.52 2/1/2006 1113.9 54.902 OWNER OCC 8.875 121748152 139986.25 10/1/2005 656.25 80 OWNER OCC 5.625 121740471 140000 9/1/2005 752.5 80 OWNER OCC 6.45 122192262 140000 2/1/2006 884.9 76.712 OWNER OCC 6.5 122395782 140000 2/1/2006 1202.82 100 OWNER OCC 9.75 122466142 140000 2/1/2006 1113.9 100 OWNER OCC 8.875 122473040 140000 2/1/2006 947.92 80 OWNER OCC 8.125 122581167 140000 2/1/2006 1039.5 80 OWNER OCC 8.125 122086900 140088.03 12/1/2005 1103.35 85 NON-OWNER 8.75 122615679 140400 2/1/2006 945.9 80 OWNER OCC 7.125 122556358 140500 2/1/2006 1155.86 100 OWNER OCC 9.25 122509483 140608 2/1/2006 1031.73 80 OWNER OCC 8 121920403 140800 12/1/2005 850.67 80 OWNER OCC 7.25 122339658 141140 2/1/2006 1011.14 80 OWNER OCC 7.75 122264631 141250 1/1/2006 882.81 79.998 OWNER OCC 7.5 122497360 141482 2/1/2006 884.26 80 OWNER OCC 7.5 122513154 141592 2/1/2006 899.7 80 OWNER OCC 7.625 122454409 141945.07 2/1/2006 1312.22 76.757 OWNER OCC 10.625 122091610 142052.25 12/1/2005 1274.01 100 OWNER OCC 10.25 122277372 142106.98 2/1/2006 1055.83 90 OWNER OCC 8.125 122326985 142400 1/1/2006 1023.5 80 OWNER OCC 8.625 122561583 142400 2/1/2006 888.4 80 OWNER OCC 6.375 122113611 142422.16 1/1/2006 1146.59 95 OWNER OCC 9 122437926 142435.26 2/1/2006 1237.4 95 OWNER OCC 9.875 122382978 142638.3 2/1/2006 1413.15 69.951 OWNER OCC 11.5 121748050 142800 10/1/2005 654.5 80 OWNER OCC 5.5 122580551 142800 2/1/2006 1035.4 80 OWNER OCC 7.875 122392147 143000 2/1/2006 1321.46 69.756 OWNER OCC 10.625 122515110 143000 2/1/2006 1202.42 38.338 OWNER OCC 9.5 122346953 143001.16 1/1/2006 1163.5 40.974 OWNER OCC 9.125 122242046 143040 2/1/2006 879.1 80 OWNER OCC 7.375 121748011 143200 11/1/2005 775.67 80 OWNER OCC 6.5 121748348 143304.84 1/1/2006 941.71 95 OWNER OCC 6.875 121398782 143500 6/1/2005 642.76 70 OWNER OCC 5.375 121714341 143600 11/1/2005 927.42 94.164 OWNER OCC 7.75 122581524 143910.5 2/1/2006 1094.5 80 OWNER OCC 8.375 122246811 143920 1/1/2006 944.48 80 OWNER OCC 7.875 122496890 143920 2/1/2006 1006.31 80 OWNER OCC 7.5 122609939 143930.75 2/1/2006 1019.47 80 OWNER OCC 7.625 122195076 143953.5 1/1/2006 930 80 OWNER OCC 7.75 122218838 143992 12/1/2005 1064.94 80 OWNER OCC 8.875 121732493 144000 10/1/2005 942 80 OWNER OCC 7.85 122060553 144000 2/1/2006 1081.82 80 OWNER OCC 8.25 122084149 144000 11/1/2005 885 80 OWNER OCC 7.375 122186003 144000 12/1/2005 810 75 OWNER OCC 6.75 122308368 144000 2/1/2006 1050 80 OWNER OCC 8.75 122468044 144000 2/1/2006 1184.65 80 NON-OWNER 9.25 122509441 144000 2/1/2006 1050 80 OWNER OCC 8.75 122578632 144320.41 2/1/2006 1253.55 90 NON-OWNER 9.875 122112845 144371.96 11/1/2005 902.5 95 OWNER OCC 7.5 122613188 144500 2/1/2006 1072.91 85 NON-OWNER 8.125 122285674 144692.54 1/1/2006 1012.46 80 OWNER OCC 7.5 122188795 144745.2 12/1/2005 1178.95 90 NON-OWNER 9.125 121748215 144789.44 12/1/2005 1026.3 100 OWNER OCC 7.625 122435107 144800 2/1/2006 965.33 80 OWNER OCC 8 122281582 144922 12/1/2005 1166.7 100 OWNER OCC 9 122033967 145000 2/1/2006 1027.08 71.429 OWNER OCC 8.5 122248746 145000 2/1/2006 1408.33 63.457 OWNER OCC 11.25 122519920 145000 2/1/2006 1051.35 35.378 OWNER OCC 7.875 122571240 145000 2/1/2006 1072.4 68.075 OWNER OCC 8.875 122099879 145520 2/1/2006 1144.81 80 NON-OWNER 8.75 121892053 145600 11/1/2005 834.17 80 OWNER OCC 6.875 122269930 145600 2/1/2006 864.5 80 OWNER OCC 7.125 121732596 145849.71 10/1/2005 1234.67 85 OWNER OCC 9.55 122577032 145900 2/1/2006 1160.85 100 OWNER OCC 8.875 122141779 146000 12/1/2005 866.88 80 OWNER OCC 7.125 122533391 146000 2/1/2006 1254.37 100 OWNER OCC 9.75 122513686 146292.67 2/1/2006 1048.8 80 NON-OWNER 7.75 121732600 146398.37 9/1/2005 927.2 80 OWNER OCC 7.6 122670618 146400 2/1/2006 838.75 80 OWNER OCC 6.875 121749018 146425.9 10/1/2005 989.69 100 OWNER OCC 7.125 121748002 146500 9/1/2005 778.28 93.95 OWNER OCC 6.375 122480205 146629.73 2/1/2006 1246.93 90 2ND HOME 9.625 122275664 147050 1/1/2006 919.06 85 OWNER OCC 7.5 121745840 147071.57 12/1/2005 942.54 80 OWNER OCC 6.625 122457067 147200 2/1/2006 1131.84 80 OWNER OCC 8.5 121748220 147250 11/1/2005 1043.02 95 OWNER OCC 8.5 122234404 147419.43 1/1/2006 1186.82 85.26 OWNER OCC 9 122571063 147610.37 2/1/2006 1032.88 80 OWNER OCC 7.5 122108066 147854.93 2/1/2006 923.28 80 OWNER OCC 6.375 122517831 147920 2/1/2006 1176.92 80 OWNER OCC 8.875 122465361 147948.35 1/1/2006 1032.92 80 OWNER OCC 8.375 121748183 148000 10/1/2005 678.33 80 OWNER OCC 5.5 122216729 148000 12/1/2005 878.75 80 OWNER OCC 7.125 122527318 148000 2/1/2006 946.71 80 OWNER OCC 7.25 122631873 148000 2/1/2006 923.33 80 OWNER OCC 6.375 122363034 148051.23 1/1/2006 1177.95 90 OWNER OCC 8.875 121732480 148254.11 10/1/2005 1127.61 77.05 OWNER OCC 8.35 122261437 148400 2/1/2006 942.96 80 OWNER OCC 7.625 122371332 148472 2/1/2006 1289.25 66.879 OWNER OCC 9.875 122360302 148500 2/1/2006 1051.88 92.813 OWNER OCC 8.5 122450664 148659.89 2/1/2006 1143.76 85 OWNER OCC 8.5 122559972 148750 2/1/2006 1170.22 85 OWNER OCC 8.75 122590537 148758.89 2/1/2006 1048.61 80 OWNER OCC 8.125 122347201 148800 2/1/2006 977.51 80 OWNER OCC 6.875 122349492 148800 1/1/2006 976.5 80 OWNER OCC 7.875 122527172 148963.99 2/1/2006 1036.01 44.685 OWNER OCC 7.375 122555278 149000 2/1/2006 994.32 82.778 OWNER OCC 7.625 121749005 149005.08 7/1/2005 851.68 59.52 OWNER OCC 5.5 122450809 149074.25 2/1/2006 1547.31 69.021 OWNER OCC 11.875 122486265 149210 2/1/2006 1491.86 100 OWNER OCC 11.625 121524593 149463.78 9/1/2005 1074.62 30.322 OWNER OCC 7.75 122383038 149516.39 2/1/2006 1327.36 41.174 OWNER OCC 6.75 122271052 149600 2/1/2006 1044.08 80 OWNER OCC 8.375 122497432 149600 2/1/2006 1046.02 80 OWNER OCC 7.5 122218087 149759.38 12/1/2005 1010.58 39.653 OWNER OCC 7.125 122526929 149864.4 2/1/2006 948.1 50.968 OWNER OCC 6.5 122531748 149867.65 2/1/2006 960.47 61.224 OWNER OCC 6.625 122106342 149928.14 2/1/2006 1274.98 100 OWNER OCC 9.625 121877667 150000 12/1/2005 796.88 69.444 OWNER OCC 6.375 122519831 150000 2/1/2006 972.9 36.778 OWNER OCC 6.75 122541295 150000 2/1/2006 1014.93 21.429 OWNER OCC 7.75 122236880 150320 12/1/2005 970.82 79.576 OWNER OCC 7.75 122502243 150320 2/1/2006 986.48 80 OWNER OCC 7.875 122474789 150400 2/1/2006 1025.99 80 OWNER OCC 7.25 122569561 150500 2/1/2006 1606.22 62.708 OWNER OCC 12.5 122597549 150967.23 2/1/2006 875.93 80 OWNER OCC 6.375 122449967 151121.61 1/1/2006 1243.89 70 OWNER OCC 9.25 121880162 151200 11/1/2005 882 80 OWNER OCC 7 122263564 151200 1/1/2006 992.25 80 OWNER OCC 7.875 121732511 151542.42 8/1/2005 1278.1 95 OWNER OCC 9.5 121745851 151919.8 12/1/2005 996.98 80 OWNER OCC 7.875 122346690 151927.19 2/1/2006 1291.98 60.079 OWNER OCC 9.625 121732606 152000 10/1/2005 975.33 77.95 OWNER OCC 7.7 122267507 152000 1/1/2006 997.5 80 OWNER OCC 7.875 122272723 152000 2/1/2006 1141.93 95 OWNER OCC 8.25 122293627 152000 2/1/2006 950 79.167 OWNER OCC 7.5 122375909 152000 1/1/2006 886.67 80 OWNER OCC 7 122439213 152000 2/1/2006 1250.47 100 OWNER OCC 9.25 122220263 152500 12/1/2005 969.01 57.547 OWNER OCC 7.625 121952839 152563.86 10/1/2005 1096.11 85 NON-OWNER 7.75 122079918 152999.75 12/1/2005 891.23 90 OWNER OCC 6.99 122100946 153000 12/1/2005 1195.31 90 OWNER OCC 9.375 121767841 153102.87 9/1/2005 766.72 80 OWNER OCC 5.99 122215867 153120 12/1/2005 861.3 80 OWNER OCC 6.75 122134208 153510.53 2/1/2006 1402.48 45.833 OWNER OCC 9.625 121745809 153654.35 11/1/2005 1076.79 70 OWNER OCC 7.5 122055287 153764.92 12/1/2005 1063.64 88 OWNER OCC 7.375 121748335 153848 12/1/2005 1074.09 95 OWNER OCC 8.375 122152580 154400 11/1/2005 932.83 80 OWNER OCC 7.25 121882353 154673.93 10/1/2005 1019.56 80 OWNER OCC 6.875 122103976 154869.44 12/1/2005 1388.96 100 OWNER OCC 10.25 122486306 154885.65 2/1/2006 1123.86 83.784 OWNER OCC 7.875 122359326 154910.82 1/1/2006 1219.39 63.525 OWNER OCC 8.75 122537138 154923.76 2/1/2006 1303.32 100 OWNER OCC 9.5 122255671 155000 1/1/2006 1001.04 44.928 OWNER OCC 7.75 122481841 155000 2/1/2006 888.02 40.599 OWNER OCC 6.875 122279098 155200.71 1/1/2006 950.4 80 OWNER OCC 6.875 122525399 155692.78 2/1/2006 1129.66 97.99 OWNER OCC 7.875 121745803 155743.51 12/1/2005 1037.87 80 OWNER OCC 7 121740481 156000 10/1/2005 793 43.94 OWNER OCC 6.1 122056906 156000 12/1/2005 845 80 OWNER OCC 6.5 122240091 156000 2/1/2006 955.3 80 OWNER OCC 6.875 122363433 156000 2/1/2006 1137.5 80 OWNER OCC 8.75 122454276 156000 2/1/2006 1144.67 80 OWNER OCC 8 122589799 156000 2/1/2006 828.75 80 OWNER OCC 6.375 122604658 156000 2/1/2006 991.25 80 OWNER OCC 7.625 122394722 156001.23 1/1/2006 1297.53 80 OWNER OCC 9.375 122336472 156100 2/1/2006 1545.84 70 OWNER OCC 11.5 122057533 156327.81 12/1/2005 1273.29 100 OWNER OCC 9.125 122125313 156825.87 12/1/2005 1350.17 31.265 OWNER OCC 6 121749008 156830.75 9/1/2005 1034.66 90 OWNER OCC 6.875 121748345 157000 12/1/2005 1045.36 100 OWNER OCC 7.99 121732598 157046.48 10/1/2005 1122.92 79.99 OWNER OCC 7.7 122290613 157154.74 12/1/2005 1365.27 95 OWNER OCC 9.875 122236382 157200 1/1/2006 1162.63 80 OWNER OCC 8.875 122373991 157391.61 1/1/2006 1141.98 90 OWNER OCC 7.875 122439913 157497.88 1/1/2006 1295.71 100 OWNER OCC 9.25 122126378 157554.85 11/1/2005 902.92 80 OWNER OCC 6.875 122603018 157700 2/1/2006 1111.33 95 OWNER OCC 8.125 122482681 158000 2/1/2006 1069.79 43.062 OWNER OCC 8.125 122313137 158399.99 1/1/2006 841.5 80 OWNER OCC 6.375 121723181 158400 8/1/2005 858 80 OWNER OCC 6.5 122010730 158400 2/1/2006 1331.91 90 OWNER OCC 9.5 122259790 158400 12/1/2005 990 80 OWNER OCC 7.5 122507890 158400 2/1/2006 957 80 OWNER OCC 7.25 122518361 158500 2/1/2006 1246.92 50.317 OWNER OCC 8.75 122588385 158640 2/1/2006 1156.75 80 OWNER OCC 8.75 121794398 158720 9/1/2005 843.2 80 OWNER OCC 6.375 121732539 158876.29 10/1/2005 1327.05 80 OWNER OCC 9.4 122165740 159146.75 12/1/2005 1354.04 90 OWNER OCC 9.625 121937019 159157.88 11/1/2005 1037.76 45.66 OWNER OCC 6.75 122657122 159200 2/1/2006 862.33 80 OWNER OCC 6.5 122545369 159263.35 2/1/2006 1198.21 90 OWNER OCC 8.75 122351340 159291 1/1/2006 1095.13 90 2ND HOME 8.25 122243835 159300 2/1/2006 1210.8 90 OWNER OCC 8.375 121748998 159793.79 4/1/2005 980.68 88.68 OWNER OCC 6.125 122012173 159861.28 12/1/2005 1166.08 80 OWNER OCC 8.75 122003049 159872.05 1/1/2006 1077.95 35.903 OWNER OCC 7.125 122524908 159878.25 2/1/2006 1105.08 60.377 OWNER OCC 7.375 122252846 159903.07 2/1/2006 1230.26 100 OWNER OCC 8.5 122438237 159917.05 2/1/2006 1316.28 80 OWNER OCC 9.25 122567528 159919.2 2/1/2006 1330.8 68.085 OWNER OCC 9.375 122060505 159945.83 11/1/2005 1083.33 80 OWNER OCC 8.125 122544139 159952.48 2/1/2006 1097.52 65.306 OWNER OCC 7.875 122471990 159960 2/1/2006 1215.81 80 OWNER OCC 8.375 121735724 160000 8/1/2005 800 75.83 OWNER OCC 6 122524920 160000 2/1/2006 1301.81 80 OWNER OCC 9.125 122525926 160000 2/1/2006 1132.47 80 OWNER OCC 7.625 122527844 160000 2/1/2006 1083.33 80 OWNER OCC 8.125 122552140 160000 2/1/2006 1050 80 OWNER OCC 7.875 122576415 160000 2/1/2006 950 69.565 OWNER OCC 7.125 122521657 160250 2/1/2006 1118.41 82.179 OWNER OCC 8.375 122025395 160557.08 11/1/2005 1187.48 90 OWNER OCC 8.875 122245529 160831.66 12/1/2005 1324.51 89.944 NON-OWNER 9.25 121738503 161000 10/1/2005 972.71 70 NON-OWNER 7.25 121941294 161046.22 11/1/2005 1033.95 80 OWNER OCC 6.625 122203579 161120 2/1/2006 1023.78 80 OWNER OCC 7.625 122624312 161200 2/1/2006 940.33 80 OWNER OCC 7 122360625 161367.36 2/1/2006 1073.38 83.679 OWNER OCC 6.99 122200955 161500 2/1/2006 1270.52 79.99 OWNER OCC 8.75 122534648 161500 2/1/2006 1129.23 85 OWNER OCC 7.5 121738560 161519.37 10/1/2005 1138.28 90 NON-OWNER 7.55 122616777 161601.45 1/1/2006 1184.64 80 OWNER OCC 7.99 122283113 161898.12 2/1/2006 1288.94 90 OWNER OCC 8.875 121747627 161910 11/1/2005 1011.94 90 OWNER OCC 7.5 122076460 161980 2/1/2006 1118.76 89 OWNER OCC 7.375 121748340 162000 12/1/2005 1012.5 98.18 OWNER OCC 7.5 122445887 162000 2/1/2006 1362.18 90 NON-OWNER 9.5 121745846 162136 12/1/2005 928.9 80 OWNER OCC 6.875 122045296 162393 11/1/2005 913.5 80 OWNER OCC 6.75 122432529 162742.69 2/1/2006 1146.02 72.667 OWNER OCC 7.525 122433726 162845.34 2/1/2006 1003.62 79.512 OWNER OCC 6.25 121846667 162909.51 1/1/2006 1001.51 80 OWNER OCC 7.375 122523510 163062.89 2/1/2006 1072.11 80 OWNER OCC 6.875 122515400 163200 2/1/2006 1254.87 80 OWNER OCC 8.5 122395832 163500 2/1/2006 1286.26 100 OWNER OCC 8.75 122081704 163608.13 12/1/2005 1009.28 80 OWNER OCC 6.25 122593722 163694 2/1/2006 1130.59 80 OWNER OCC 7.375 121982408 164000 11/1/2005 854.17 80 OWNER OCC 6.25 122273031 164000 12/1/2005 956.67 80 OWNER OCC 7 122481676 164003.01 2/1/2006 1140.66 85 OWNER OCC 8 122347881 164250 1/1/2006 1180.55 90 OWNER OCC 8.625 122461576 164511 2/1/2006 1164.4 80 NON-OWNER 7.625 122074976 164514.63 10/1/2005 1015.93 66 OWNER OCC 6.25 122326772 164700 2/1/2006 1208.51 90 OWNER OCC 8 121749060 164700.87 12/1/2005 1042.91 65.35 OWNER OCC 6.5 121749080 164847.17 1/1/2006 1029.39 82.5 OWNER OCC 6.375 121745836 164896.95 12/1/2005 876.03 85 OWNER OCC 6.375 122492667 164900 2/1/2006 1371.55 100 OWNER OCC 9.375 122549578 164900 2/1/2006 1632.99 100 OWNER OCC 11.5 121745801 165000 11/1/2005 928.13 72.12 OWNER OCC 6.75 122510391 165000 2/1/2006 1312.81 100 OWNER OCC 8.875 122555556 165200 2/1/2006 1480.36 70 OWNER OCC 10.25 122610100 165200 2/1/2006 1084.13 79.983 OWNER OCC 7.875 122483966 165222 2/1/2006 1015.43 80 OWNER OCC 7.375 122618626 165258.86 2/1/2006 1780.23 47.229 OWNER OCC 12.625 122443183 165599 2/1/2006 1215.11 85 OWNER OCC 8 122198075 165599.74 1/1/2006 897 80 OWNER OCC 6.5 121732537 165602.46 10/1/2005 1334.72 86.98 OWNER OCC 8.925 122519411 166000 2/1/2006 1291.13 61.481 NON-OWNER 8.625 121724854 166608.06 2/1/2005 1528.8 79.99 OWNER OCC 6.675 122094616 167186.04 12/1/2005 1045 80 OWNER OCC 7.5 122533029 167199.5 2/1/2006 1149.5 80 OWNER OCC 8.25 121939165 167500 2/1/2006 1610.98 37.222 OWNER OCC 11.125 122459702 167600 2/1/2006 1115.05 80 OWNER OCC 7 122528230 167895.58 2/1/2006 1276.92 78.14 OWNER OCC 8.375 122131889 167903 12/1/2005 962.04 80 OWNER OCC 6.875 122075284 168000 12/1/2005 717.5 80 OWNER OCC 5.125 122095418 168000 11/1/2005 857.5 80 OWNER OCC 6.125 122260429 168000 2/1/2006 1102.5 80 OWNER OCC 7.875 122338794 168000 2/1/2006 1218.12 80 OWNER OCC 7.875 122293106 168106.27 1/1/2006 1475.33 95 OWNER OCC 10 122515356 168710.17 2/1/2006 1373.41 80 OWNER OCC 9.125 122176974 168966.35 12/1/2005 1226.82 90 NON-OWNER 7.875 121748049 169000 10/1/2005 704.17 79.98 OWNER OCC 5 121775901 169114.7 11/1/2005 1044.26 80 OWNER OCC 6.25 122523801 169200 2/1/2006 1175.2 90 OWNER OCC 7.99 122559967 169477.25 2/1/2006 1200.42 80 OWNER OCC 7.625 121747657 169550 12/1/2005 883.07 79.98 OWNER OCC 6.25 122021769 169760 11/1/2005 990.27 80 OWNER OCC 7 122301713 170320 1/1/2006 940.31 80 OWNER OCC 6.625 121935670 170400 9/1/2005 880.4 80 OWNER OCC 6.2 122361780 170568 2/1/2006 1172.66 80 OWNER OCC 8.25 121748021 170850 11/1/2005 854.25 79.99 OWNER OCC 6 122368212 170899.01 2/1/2006 1391.23 89.999 OWNER OCC 9.125 121733011 170905 10/1/2005 1235.5 95 OWNER OCC 8.675 121987864 171000 12/1/2005 1086.56 95 OWNER OCC 7.625 122391952 171066.44 2/1/2006 1167.89 80 OWNER OCC 7.25 122439912 171200 2/1/2006 1142.46 80 OWNER OCC 7.625 122507809 171200 2/1/2006 1167.89 80 OWNER OCC 7.25 122548289 171300 2/1/2006 1231.22 80 OWNER OCC 8.625 121732522 171388.42 10/1/2005 1161.7 80 OWNER OCC 7.15 122262658 171700 1/1/2006 1055.24 85 OWNER OCC 7.375 122322341 171782.83 1/1/2006 1246.41 80 OWNER OCC 7.875 122398448 171817.85 12/1/2005 990.13 80 OWNER OCC 5.625 122036481 172000 11/1/2005 1003.33 78.182 OWNER OCC 7 122293478 172000 1/1/2006 931.67 80 OWNER OCC 6.5 122487605 172000 2/1/2006 1101.33 80 OWNER OCC 6.625 122519458 172000 2/1/2006 1202.65 80 OWNER OCC 7.5 122527456 172064 2/1/2006 1590.04 63.727 OWNER OCC 10.625 122478112 172500 2/1/2006 1450.47 75 OWNER OCC 9.5 122156491 172668 12/1/2005 899.31 80 OWNER OCC 6.25 122214497 172700.58 1/1/2006 1359.42 90 NON-OWNER 8.75 122506374 172746.8 2/1/2006 1169.2 80 OWNER OCC 7.75 122452553 172756 2/1/2006 1313.67 80 OWNER OCC 9.125 122448099 172800 1/1/2006 1314 80 OWNER OCC 9.125 122540996 172820 2/1/2006 1170.14 80 OWNER OCC 8.125 121748053 172922.67 9/1/2005 981.99 80 OWNER OCC 5.5 122478666 173000 2/1/2006 1207.4 72.083 OWNER OCC 8.375 122559786 173000 2/1/2006 1360.99 100 OWNER OCC 8.75 121825366 173600 10/1/2005 994.58 80 OWNER OCC 6.875 122114240 173600 12/1/2005 994.58 80 OWNER OCC 6.875 122618925 173600 2/1/2006 1048.83 80 OWNER OCC 7.25 121747998 173850 10/1/2005 941.69 95 OWNER OCC 6.5 121740385 173999.62 11/1/2005 851.88 74.04 OWNER OCC 5.875 122495550 174173.55 2/1/2006 1145.16 80 OWNER OCC 6.875 122259057 174363.13 2/1/2006 1519.61 55.031 OWNER OCC 9.875 122513051 174400 2/1/2006 1217.17 80 OWNER OCC 8.375 121627802 174525.59 10/1/2005 1284.09 41.131 OWNER OCC 8 122616774 174854.56 1/1/2006 1156.07 59.727 OWNER OCC 6.93 122366040 174899.31 2/1/2006 1376.73 100 OWNER OCC 8.75 122532324 174900 2/1/2006 1423.04 100 OWNER OCC 9.125 122667955 174934.12 2/1/2006 1633.59 70 OWNER OCC 10.75 122161718 174955.11 12/1/2005 1225.14 80 OWNER OCC 7.5 121745813 175000 11/1/2005 984.38 57.95 OWNER OCC 6.75 122268982 175000 2/1/2006 1376.73 100 OWNER OCC 8.75 122347273 175000 2/1/2006 1650.06 100 OWNER OCC 10.875 122479553 175000 2/1/2006 1560.75 54.88 OWNER OCC 6.875 122496579 175000 2/1/2006 1733.01 70 OWNER OCC 11.5 122571780 175000 2/1/2006 1376.73 43.75 OWNER OCC 8.75 122371701 175275 2/1/2006 1332.22 89.885 OWNER OCC 8.375 122076446 175276.95 11/1/2005 1318.48 90 NON-OWNER 8.25 122541074 175379.22 2/1/2006 1272.5 90 OWNER OCC 7.875 122377415 175400 2/1/2006 1555.49 89.953 NON-OWNER 10.125 122137640 175500 1/1/2006 1078.59 90 2ND HOME 7.375 122460870 175500 2/1/2006 1365.02 90 OWNER OCC 8.625 121870582 175675 11/1/2005 1008.33 80 OWNER OCC 6.875 122550184 175750 2/1/2006 1255.1 95 OWNER OCC 8.25 122297147 175775.8 2/1/2006 1170.4 80 OWNER OCC 7 121747977 176000 12/1/2005 953.33 80 OWNER OCC 6.5 122122041 176000 12/1/2005 1118.33 80 OWNER OCC 7.625 122491535 176000 2/1/2006 1169.67 80 OWNER OCC 7.975 122339909 176000.9 1/1/2006 937.88 80 OWNER OCC 5.75 121732548 176077.62 10/1/2005 1388.53 86.1 OWNER OCC 8.75 122143962 176348.1 2/1/2006 1797.52 59.394 OWNER OCC 11.875 122332650 176551.55 1/1/2006 1160.79 50.55 OWNER OCC 6.875 122592916 176668.79 2/1/2006 1236.21 80 OWNER OCC 7.5 121445784 176686.88 8/1/2005 1668.62 43.57 OWNER OCC 7.5 122183997 176720 12/1/2005 1012.46 80 OWNER OCC 6.875 122470904 176800 2/1/2006 1233.92 80 OWNER OCC 8.375 122589371 177000 2/1/2006 1769.72 63.214 OWNER OCC 11.625 121890858 177600 10/1/2005 832.5 80 OWNER OCC 5.625 122274554 177600 1/1/2006 1054.5 80 OWNER OCC 7.125 121749036 177976.87 11/1/2005 1084.58 70 OWNER OCC 6.125 122074989 178347.04 10/1/2005 1059.25 80 OWNER OCC 7.125 122553841 178400 2/1/2006 1245.08 80 OWNER OCC 8.375 122558555 178440.97 2/1/2006 1174.66 85 OWNER OCC 7.5 122159102 178917.4 2/1/2006 1059.44 90 OWNER OCC 5.875 122625447 179174.44 2/1/2006 1506.81 39.972 OWNER OCC 5.875 121732524 179551.84 10/1/2005 1374.49 75.63 OWNER OCC 8.425 122589634 179701.79 2/1/2006 1446.71 100 OWNER OCC 9 122173898 179702.23 12/1/2005 1415.35 90 NON-OWNER 8.75 122033632 179765.33 11/1/2005 1336.49 90 NON-OWNER 8.125 122392027 179866.41 2/1/2006 1258.59 51.429 OWNER OCC 7.5 122516261 179872.96 2/1/2006 1289.54 90 OWNER OCC 7.75 122329169 179893.73 2/1/2006 1400.02 80 OWNER OCC 8.625 122298810 179906.68 1/1/2006 1480.82 100 OWNER OCC 9.25 122540249 179916.02 2/1/2006 1546.48 68.441 OWNER OCC 9.75 122602640 179938.32 2/1/2006 1167.93 80 OWNER OCC 7.375 122524330 179945.56 2/1/2006 1816.94 78.261 OWNER OCC 11.75 121958367 180000 11/1/2005 1050 80 OWNER OCC 7 122331300 180000 1/1/2006 1012.5 55.385 OWNER OCC 6.75 122533608 180000 2/1/2006 1237.5 90 OWNER OCC 8.25 122569424 180000 2/1/2006 1251.56 88.67 OWNER OCC 8 122571699 180000 2/1/2006 1579.63 90 NON-OWNER 10 122616781 180000 2/1/2006 1428.94 90 OWNER OCC 8.85 122076638 180517.07 12/1/2005 1233.37 80 OWNER OCC 7.25 122497242 180800 2/1/2006 1205.33 80 OWNER OCC 8 122076826 181120 2/1/2006 1245.2 80 OWNER OCC 8.25 122340231 181235 2/1/2006 1094.96 80 OWNER OCC 7.25 121636592 181500 10/1/2005 1134.38 94.531 OWNER OCC 7.5 122024423 181588 11/1/2005 889.08 80 OWNER OCC 5.875 121748019 181600 11/1/2005 832.33 80 OWNER OCC 5.5 122563176 181800 2/1/2006 1495.62 90 NON-OWNER 9.25 122357958 181936.85 2/1/2006 1750.44 70 OWNER OCC 11.125 122052033 182155.38 2/1/2006 1944.56 63.931 OWNER OCC 12.5 122212234 182319.94 12/1/2005 1101.52 80 OWNER OCC 7.25 121747714 182400 11/1/2005 988 95 OWNER OCC 6.5 122464556 182400 2/1/2006 1197 80 OWNER OCC 7.875 122345970 182648 2/1/2006 1179.6 80 OWNER OCC 7.75 122021218 182682.6 12/1/2005 1810.25 41.264 OWNER OCC 11.5 122606576 182750 2/1/2006 1309.24 85 OWNER OCC 7.75 122443775 182900.04 2/1/2006 1472.46 75 OWNER OCC 9 122298679 183000 12/1/2005 1258.13 83.945 OWNER OCC 8.25 121732584 183100 10/1/2005 1144.38 76.29 OWNER OCC 7.5 121976999 183200 11/1/2005 1011.42 80 OWNER OCC 6.625 122467700 183200 1/1/2006 1240.42 80 OWNER OCC 8.125 122488911 183200 2/1/2006 1202.25 80 OWNER OCC 7.875 122257594 183201.79 1/1/2006 1157.95 80 OWNER OCC 6.5 122263762 183300 2/1/2006 1850.25 69.962 OWNER OCC 11.75 122240121 183449.51 1/1/2006 1169.17 80 OWNER OCC 7.625 122504111 183473.78 2/1/2006 1331.86 85 OWNER OCC 7.88 121748026 183530.28 11/1/2005 1058.75 80 NON-OWNER 6.875 121740531 183750 9/1/2005 941.72 75 OWNER OCC 6.15 122561404 183845.42 2/1/2006 1208.75 80 OWNER OCC 6.875 121936843 184000 11/1/2005 1054.17 80 OWNER OCC 6.875 121967866 184000 12/1/2005 1207.5 80 OWNER OCC 7.875 122012941 184000 11/1/2005 1111.67 80 OWNER OCC 7.25 122058828 184000 11/1/2005 977.5 80 OWNER OCC 6.375 122560383 184000 2/1/2006 1334.13 80 OWNER OCC 7.875 122566692 184000 2/1/2006 1244.98 80 OWNER OCC 7.75 122575283 184000 2/1/2006 1366.19 80 OWNER OCC 8.125 122391469 184001.75 1/1/2006 1224.16 80 OWNER OCC 7 122137711 184338.26 2/1/2006 1418.26 85 OWNER OCC 8.5 121747752 184500 9/1/2005 1153.13 90 NON-OWNER 7.5 122550955 184500 2/1/2006 1370.13 90 OWNER OCC 8.625 121747654 184703.24 12/1/2005 1246.38 100 OWNER OCC 7.125 121749011 184853.27 9/1/2005 1345 70 OWNER OCC 7.875 122249363 184896.29 1/1/2006 1471.94 100 OWNER OCC 8.875 122235669 184913.69 1/1/2006 1589.44 100 OWNER OCC 9.75 121982068 185400 12/1/2005 1197.38 90 OWNER OCC 7.75 122078331 185469.99 11/1/2005 1411.45 100 OWNER OCC 8.375 121732507 185600 10/1/2005 1229.6 80 OWNER OCC 7.95 122123697 185600 1/1/2006 1121.33 80 OWNER OCC 7.25 122645210 185600 2/1/2006 1297.75 80 OWNER OCC 7.5 122386950 186000 2/1/2006 1232.25 79.828 OWNER OCC 7.95 122349525 186150 2/1/2006 1548.3 85 OWNER OCC 9.375 122331960 186342.61 2/1/2006 1261.22 80 OWNER OCC 7.75 121732497 186505.62 10/1/2005 1395.03 62.33 OWNER OCC 8.175 121748226 186661.75 11/1/2005 1181.97 100 OWNER OCC 6.5 122260152 187000 1/1/2006 1149.27 71.923 OWNER OCC 7.375 121983663 187120 11/1/2005 1364.42 79.659 OWNER OCC 8.75 122518098 187160.08 12/1/2005 1185.13 75 OWNER OCC 6.5 122526750 187200 2/1/2006 1357.33 80 OWNER OCC 7.875 122321138 187353.72 1/1/2006 1279.09 75 NON-OWNER 7.25 121747852 187387.9 11/1/2005 1082.23 80 OWNER OCC 5.625 122372789 187600 2/1/2006 1893.65 70 OWNER OCC 11.75 122552472 187636.51 2/1/2006 1281.01 80 OWNER OCC 7.25 122563613 187872 2/1/2006 1174.2 80 OWNER OCC 7.5 122107260 187920 12/1/2005 1096.2 80 OWNER OCC 7 122529650 187920 2/1/2006 1389.83 80 OWNER OCC 8.875 122308169 187959.46 1/1/2006 1351.25 80 OWNER OCC 8.625 122322758 187995.46 1/1/2006 1057.5 80 OWNER OCC 6.75 121917659 188000 11/1/2005 900.83 80 OWNER OCC 5.75 122134260 188000 12/1/2005 1194.58 80 OWNER OCC 7.625 122462483 188000 2/1/2006 1057.5 80 OWNER OCC 6.75 122486111 188000 2/1/2006 1428.94 91.707 OWNER OCC 8.375 122525652 188000 2/1/2006 1018.33 80 OWNER OCC 6.5 122581583 188000 2/1/2006 1331.67 80 OWNER OCC 8.5 122617509 188000 2/1/2006 1237.17 80 OWNER OCC 7.5 122164137 188566.82 1/1/2006 1351.87 75.48 NON-OWNER 7.75 122300837 188937.91 1/1/2006 1853.65 69.742 OWNER OCC 11.375 122436787 188947.41 2/1/2006 1962.28 66.316 OWNER OCC 12.125 122010614 189000 2/1/2006 1358.44 82.174 OWNER OCC 8.625 122429481 189000 2/1/2006 1257.42 74.118 OWNER OCC 7 122548299 189000 2/1/2006 1606.48 90 OWNER OCC 9.625 121745852 189388 12/1/2005 1124.49 80 OWNER OCC 7.125 122573116 189600 2/1/2006 1212.82 80 OWNER OCC 7.25 122395162 189884.89 2/1/2006 1460.94 79.167 NON-OWNER 8.5 121727477 190000 7/1/2005 969.79 50 OWNER OCC 6.125 122039895 190000 11/1/2005 1029.17 73.077 OWNER OCC 6.5 122336956 190012 2/1/2006 1266.75 80 OWNER OCC 8 122440720 190400 2/1/2006 1190 80 OWNER OCC 7.5 122523797 190620 2/1/2006 1568.18 90 OWNER OCC 9.25 121745814 190715.34 11/1/2005 1256.05 80 OWNER OCC 6.875 122496754 191250 2/1/2006 1420.03 83.152 OWNER OCC 8.125 122529407 191250 2/1/2006 1713.79 79.688 OWNER OCC 10.25 122618143 191936.5 2/1/2006 1263.5 80 OWNER OCC 7.5 122129013 192000 12/1/2005 1200 80 OWNER OCC 7.5 122130447 193106.75 11/1/2005 1418.49 90 NON-OWNER 7.99 122514925 193145.17 2/1/2006 1505.02 90 OWNER OCC 8.625 122577681 193410 2/1/2006 1573.65 90 NON-OWNER 9.125 121732578 193450.14 8/1/2005 1435.13 90 OWNER OCC 8.9 122594406 193500 2/1/2006 1370.63 84.868 OWNER OCC 8.5 122091155 193600 11/1/2005 1431.83 80 OWNER OCC 8.875 122377656 193600 2/1/2006 1331 80 OWNER OCC 8.25 121742714 193673.08 12/1/2005 1274.45 74.9 OWNER OCC 6.875 121534285 194210.47 10/1/2005 1053 80 OWNER OCC 6.5 122245776 194650 1/1/2006 1317.94 85 OWNER OCC 8.125 121732544 194673.31 10/1/2005 1562.01 92.86 OWNER OCC 8.95 122486899 194709.43 2/1/2006 1532.1 95 OWNER OCC 8.75 122265980 194773 2/1/2006 1446.42 80 OWNER OCC 8.625 121859181 194870.55 10/1/2005 1588.95 90 NON-OWNER 9.125 122495709 194881.87 2/1/2006 1499.38 75 OWNER OCC 8.5 122220674 195000 2/1/2006 1551.51 50.781 OWNER OCC 8.875 122566203 195000 2/1/2006 1482.14 91.981 OWNER OCC 8.375 122570804 195000 2/1/2006 1551.51 100 OWNER OCC 8.875 122199809 195160 12/1/2005 1118.1 82 OWNER OCC 6.875 122115488 195195.02 12/1/2005 1118.33 80 OWNER OCC 6.875 122569027 195827.07 2/1/2006 1255.01 81.667 OWNER OCC 6.625 122186319 195925 12/1/2005 1204.58 80 OWNER OCC 7.375 122338471 195999.97 1/1/2006 1245.42 80 OWNER OCC 7.625 121598608 196000 12/1/2005 1061.67 80 OWNER OCC 6.5 121772511 196000 10/1/2005 1163.75 80 OWNER OCC 7.125 121956841 196000 10/1/2005 1347.5 89.131 OWNER OCC 8.25 122064563 196000 11/1/2005 1327.08 80 OWNER OCC 8.125 122352237 196000 2/1/2006 1265.83 80 OWNER OCC 7.75 122535508 196000 2/1/2006 1204.58 80 OWNER OCC 7.375 122599965 196000 2/1/2006 1245.42 80 OWNER OCC 7.625 121727560 196500 8/1/2005 921.09 75 OWNER OCC 5.625 122667814 196567.28 11/1/2005 1527.19 80 OWNER OCC 8.6 122593423 196800 2/1/2006 1107 80 OWNER OCC 6.75 122117220 196839.89 12/1/2005 1284.22 90 NON-OWNER 6.75 122543742 197100 2/1/2006 1657.32 90 NON-OWNER 9.5 122460366 197200 1/1/2006 1273.58 80 OWNER OCC 7.75 122465776 197200 2/1/2006 1498.86 85 OWNER OCC 8.375 122594326 197200 2/1/2006 1533.8 85 OWNER OCC 8.625 121747851 197346.86 11/1/2005 1124.22 55 OWNER OCC 5.5 121804502 197391.77 10/1/2005 1367.54 90 NON-OWNER 7.375 122107914 197672.53 11/1/2005 1247.74 58.853 OWNER OCC 6.375 122108483 197788.47 12/1/2005 1610.99 90 NON-OWNER 9.125 122016277 197803.09 10/1/2005 1384.53 80 OWNER OCC 7.48 122456042 197883.11 2/1/2006 1540.02 90 OWNER OCC 8.625 122006975 198000 11/1/2005 1278.75 90 OWNER OCC 7.75 122558261 198000 2/1/2006 1701.13 90 NON-OWNER 9.75 122315395 198014.53 2/1/2006 1567.65 75 OWNER OCC 8.375 122541645 198100 2/1/2006 1830.64 70 OWNER OCC 10.625 122161547 198400 12/1/2005 1281.33 80 OWNER OCC 7.75 122570437 198900 2/1/2006 1708.86 90 NON-OWNER 9.75 121935722 199069.41 9/1/2005 1251.01 74.074 OWNER OCC 6.4 122617900 199200 2/1/2006 1120.5 80 OWNER OCC 6.75 121484355 199221.55 8/1/2005 1502.53 100 OWNER OCC 8.25 121583546 199270.87 10/1/2005 1264.14 56.335 OWNER OCC 6.5 122499992 199327.8 2/1/2006 1297.2 39.97 OWNER OCC 6.75 121362007 199469.79 8/1/2005 1792.2 48.1 OWNER OCC 10.25 121732477 199487.05 9/1/2005 1663.5 88.5 OWNER OCC 9.375 121748131 199500 10/1/2005 1122.19 95 OWNER OCC 6.75 122607233 199814.76 2/1/2006 1247.74 61.538 OWNER OCC 6.375 122558575 199819.19 2/1/2006 1264.14 41.885 OWNER OCC 6.5 122467847 199827.8 2/1/2006 1297.2 52.33 OWNER OCC 6.75 122515748 199862.36 2/1/2006 1450.14 80 OWNER OCC 7.875 122464838 199893.56 1/1/2006 1627.27 51.948 NON-OWNER 9.125 122368546 199908.33 2/1/2006 1792.2 83.682 OWNER OCC 10.25 122221326 199920 1/1/2006 1332.8 80 OWNER OCC 8 121732978 200000 10/1/2005 1183.33 93.02 OWNER OCC 7.1 121745833 200000 12/1/2005 1250 80 OWNER OCC 7.5 121875456 200000 11/1/2005 1083.33 80 OWNER OCC 6.5 122123411 200000 12/1/2005 1312.5 80 OWNER OCC 7.875 122368782 200000 2/1/2006 1395.83 80 OWNER OCC 8.375 122437567 200000 1/1/2006 1145.83 80 OWNER OCC 6.875 122439837 200000 2/1/2006 1229.17 80 OWNER OCC 7.375 122462212 200000 2/1/2006 1398.43 76.923 OWNER OCC 7.5 122487519 200000 2/1/2006 1347.44 57.971 OWNER OCC 7.125 122489625 200000 2/1/2006 1313.86 34.83 OWNER OCC 6.875 122573180 200000 2/1/2006 1450.14 80 OWNER OCC 7.875 122387674 200361 2/1/2006 1832.78 65.692 OWNER OCC 10.5 121747770 200800 10/1/2005 941.25 80 OWNER OCC 5.625 121749035 201279.44 11/1/2005 1194.31 56.87 OWNER OCC 5.875 121836184 201756.14 9/1/2005 1415.43 90 NON-OWNER 7.5 122359039 201838.47 2/1/2006 1360.91 93.953 OWNER OCC 7.125 122652261 202271.64 2/1/2006 992.78 80 OWNER OCC 5.125 122015359 202273.82 11/1/2005 1611.18 90 NON-OWNER 8.875 122087839 202289.23 12/1/2005 1665.92 90 NON-OWNER 9.25 122607016 202465.45 2/1/2006 1679.86 90 OWNER OCC 9.75 121947788 202500 10/1/2005 1117.97 90 OWNER OCC 6.625 122224051 202500 2/1/2006 1330.28 90 OWNER OCC 6.875 122451788 202500 2/1/2006 1539.15 90 OWNER OCC 8.375 122176827 203000 2/1/2006 1283.1 67.667 OWNER OCC 6.5 122485394 203000 2/1/2006 1762.75 70 OWNER OCC 9.875 122581727 203280 2/1/2006 1491.6 80 OWNER OCC 8 122278900 203282.98 1/1/2006 1600.15 77.634 NON-OWNER 8.75 122489798 203425 2/1/2006 1252.52 80 OWNER OCC 6.25 121732580 203535.01 10/1/2005 1619.47 74.18 OWNER OCC 8.85 122447695 203941.56 2/1/2006 1418.44 80 OWNER OCC 8 122074886 203966.81 10/1/2005 1260.68 75 OWNER OCC 6.25 121748029 204000 11/1/2005 1188.3 80 OWNER OCC 6.99 121822009 204000 12/1/2005 1211.25 80 OWNER OCC 7.125 122169596 204000 12/1/2005 1338.75 80 OWNER OCC 7.875 122361290 204000 1/1/2006 1338.75 80 OWNER OCC 7.875 122387671 204000 1/1/2006 1360 80 OWNER OCC 8 122515430 204000 2/1/2006 1550.55 80 OWNER OCC 8.375 122546865 204000 2/1/2006 1211.25 80 OWNER OCC 7.125 122464481 204564.14 2/1/2006 1834.77 75 NON-OWNER 10.25 122558336 204888.02 2/1/2006 1649.48 100 OWNER OCC 9 121747765 205000 10/1/2005 960.94 64.06 OWNER OCC 5.625 121745837 205596.04 12/1/2005 1263.58 80 OWNER OCC 7.375 122565144 205700 2/1/2006 1545.36 85 OWNER OCC 8.25 122616790 205888.75 1/1/2006 1665.69 74.909 OWNER OCC 9.055 122559595 206000 2/1/2006 1266.04 80 OWNER OCC 7.375 122559636 206000 2/1/2006 1639.03 69.831 OWNER OCC 8.875 122535659 206165.8 2/1/2006 1867.4 75 OWNER OCC 10.375 122252485 206292.77 2/1/2006 1698 80 OWNER OCC 9.25 122307258 206390.83 8/1/2005 1246.26 80 NON-OWNER 6 122474728 206400 2/1/2006 1204 80 OWNER OCC 7 122061314 206682.45 12/1/2005 1426.17 90 NON-OWNER 7.35 122651224 206767.61 2/1/2006 1500.24 90 OWNER OCC 7.875 122541774 206800 2/1/2006 1499.44 73.857 OWNER OCC 7.875 122429553 206824 2/1/2006 1400.37 80 OWNER OCC 8.125 122271976 207000 2/1/2006 1555.12 90 OWNER OCC 8.25 122586945 207200 2/1/2006 1593.19 75.345 OWNER OCC 8.5 122524464 207825.26 2/1/2006 1366.41 77.037 OWNER OCC 6.875 122283131 207853.65 2/1/2006 1387.51 80 OWNER OCC 7.625 122293947 207920 12/1/2005 1256.18 80 OWNER OCC 7.25 122007001 208000 11/1/2005 1495 80 OWNER OCC 8.625 122248991 208000 12/1/2005 1538.33 80 OWNER OCC 8.875 122369040 208000 1/1/2006 1191.67 74.286 OWNER OCC 6.875 122575057 208000 2/1/2006 1256.67 80 OWNER OCC 7.25 122577217 208000 2/1/2006 1806.17 65 OWNER OCC 9.875 122464487 208123.84 2/1/2006 1601.26 85 OWNER OCC 8.5 122351031 208414.89 2/1/2006 1887.77 75 OWNER OCC 10.375 122541403 208492.13 2/1/2006 1459.4 80 OWNER OCC 7.5 122102474 208642.07 12/1/2005 1858.31 35.767 OWNER OCC 6.75 121798759 208800 10/1/2005 1348.5 80 OWNER OCC 7.75 122148070 209000 1/1/2006 1175.63 95 OWNER OCC 6.75 122332402 209000 1/1/2006 1197.4 72.069 OWNER OCC 6.875 122074879 209219.55 10/1/2005 1313.56 84.677 OWNER OCC 6.4 121888628 209360 1/1/2006 1243.08 80 OWNER OCC 7.125 122436438 209500 1/1/2006 1331.2 79.992 OWNER OCC 7.625 122169564 209595.76 12/1/2005 1744.18 90 NON-OWNER 9.375 122273716 209600 1/1/2006 1353.67 80 OWNER OCC 7.75 122456433 209600 2/1/2006 1375.5 80 OWNER OCC 7.875 122127843 209695.05 12/1/2005 1486.37 50 NON-OWNER 7.625 122365207 209700 2/1/2006 1266.94 90 OWNER OCC 7.25 121727657 209988.98 9/1/2005 1028.13 75 OWNER OCC 5.875 121951228 210000 1/1/2006 1203.13 66.038 OWNER OCC 6.875 122240583 210000 11/1/2005 1115.63 68.404 NON-OWNER 6.375 122473174 210000 2/1/2006 1440.49 49.412 OWNER OCC 7.875 122603471 210214.37 2/1/2006 1347.21 80 OWNER OCC 6.625 122446640 210320 2/1/2006 635.34 80 OWNER OCC 3.625 122052994 210344 11/1/2005 1358.47 80 OWNER OCC 7.75 121747645 210700 11/1/2005 1119.34 74.98 OWNER OCC 6.375 122440791 210800 2/1/2006 1492.03 80 OWNER OCC 7.625 121756615 210975.35 9/1/2005 1272.68 85 OWNER OCC 5.99 122471299 211000 2/1/2006 1252.81 79.985 OWNER OCC 7.125 122476692 211000 2/1/2006 1274.79 53.283 OWNER OCC 7.25 122541040 211000 2/1/2006 1475.34 78.148 OWNER OCC 7.5 122508597 211200 2/1/2006 1276 80 OWNER OCC 7.25 122272342 211500 1/1/2006 1432.03 84.263 OWNER OCC 8.125 122667818 211500 11/1/2005 1224.94 90 OWNER OCC 6.95 122595247 211700 2/1/2006 1323.13 79.966 OWNER OCC 7.5 121732554 211723.33 10/1/2005 1624.51 53.87 OWNER OCC 8.45 122603669 211854.1 2/1/2006 1537.15 80 OWNER OCC 7.875 122145947 211920 12/1/2005 1214.13 80 OWNER OCC 6.875 121748142 212000 9/1/2005 1060 80 OWNER OCC 6 122472061 212000 2/1/2006 1369.17 80 OWNER OCC 7.75 122478585 212000 2/1/2006 1192.5 80 OWNER OCC 6.75 122552044 212000 2/1/2006 1630.1 80 OWNER OCC 8.5 122562575 212000 2/1/2006 1037.92 80 OWNER OCC 5.875 122274157 212389.83 2/1/2006 1748.19 85 OWNER OCC 9.25 122548536 212392.69 2/1/2006 1767.47 83.992 OWNER OCC 9.375 122261131 212700 1/1/2006 1528.78 79.997 OWNER OCC 8.625 122574195 212787 2/1/2006 1219.09 80 OWNER OCC 6.875 122395885 212800 2/1/2006 1529.5 80 OWNER OCC 8.625 122020649 212822.15 11/1/2005 1491.42 90 NON-OWNER 7.5 122636913 212850 2/1/2006 1655.53 90 OWNER OCC 8.625 121745802 213208.76 12/1/2005 1565.49 85 OWNER OCC 8 122537849 213270.06 2/1/2006 1729.94 100 OWNER OCC 9 122318634 213412.77 1/1/2006 1288.17 88.589 OWNER OCC 6.75 122209412 213425.37 1/1/2006 1457.08 80 OWNER OCC 7.25 122374767 213813 2/1/2006 1531.79 80 OWNER OCC 7.75 122442333 214000 2/1/2006 1720.35 75.088 OWNER OCC 8.99 121802263 214095.64 10/1/2005 1254.68 46.739 OWNER OCC 5.75 122481092 214400 2/1/2006 1480.81 80 OWNER OCC 7.375 122504202 214400 2/1/2006 1293.6 80 OWNER OCC 6.75 122540840 214859.36 2/1/2006 1596.37 74.783 OWNER OCC 8.125 122276039 214888.09 2/1/2006 1886.78 43.878 OWNER OCC 10 122545001 214912 2/1/2006 1393.92 80 OWNER OCC 6.75 122509154 214999.99 2/1/2006 1710.64 100 OWNER OCC 8.875 122536652 215000 2/1/2006 1615.22 64.371 OWNER OCC 8.25 122651967 215000 2/1/2006 1827.48 44.885 OWNER OCC 9.625 121745857 215608.4 12/1/2005 1365.27 80 OWNER OCC 6.5 121745844 215636.02 12/1/2005 1418.97 52.68 OWNER OCC 6.875 122563588 215650 2/1/2006 1526.36 95 OWNER OCC 7.625 122107286 215750.55 12/1/2005 1699.27 90 NON-OWNER 8.75 122497506 215800 2/1/2006 1596.02 80 OWNER OCC 8.875 122455635 215872.47 2/1/2006 1680.03 90 OWNER OCC 8.625 122464314 215909.42 1/1/2006 1935.58 100 OWNER OCC 10.25 122273362 215942.97 1/1/2006 1462.5 80 OWNER OCC 8.125 121744645 216000 12/1/2005 1147.5 80 OWNER OCC 6.375 121748102 216000 12/1/2005 1372.5 87.45 OWNER OCC 7.625 122040524 216000 11/1/2005 967.5 80 OWNER OCC 5.375 122503377 216000 2/1/2006 1680.03 90 OWNER OCC 8.625 122578031 216000 2/1/2006 1622.74 80 OWNER OCC 8.25 122578491 216000 2/1/2006 1624.69 90 OWNER OCC 8.75 122582417 216000 2/1/2006 1528.83 80 NON-OWNER 7.625 121732508 216423.48 10/1/2005 1607.43 60.62 OWNER OCC 8.1 122564737 216800 2/1/2006 1647.84 80 OWNER OCC 8.375 121747631 216900 11/1/2005 1220.06 90 OWNER OCC 6.75 122488892 217000 2/1/2006 1371.59 70 OWNER OCC 6.5 122306863 217350.31 2/1/2006 1577.03 75 OWNER OCC 7.875 121749709 217600 12/1/2005 1586.67 80 OWNER OCC 8.75 121724987 217804.69 3/1/2005 1434.24 78.57 OWNER OCC 6.8 122541173 217892.76 2/1/2006 1833.07 64.118 OWNER OCC 9.5 122096910 218000 11/1/2005 1088.18 50.698 OWNER OCC 5.99 122159424 218000 1/1/2006 1317.08 64.497 OWNER OCC 7.25 122341895 218000 2/1/2006 1385.21 72.667 OWNER OCC 7.625 121747789 218250 12/1/2005 1477.73 90 NON-OWNER 8.125 122435487 218324.22 2/1/2006 2100.53 70 OWNER OCC 11.125 122086617 218400 2/1/2006 1437.23 80 OWNER OCC 7.5 122475207 218430.17 2/1/2006 2163.79 63.333 OWNER OCC 11.5 121749072 218502.18 1/1/2006 1292.51 66.21 OWNER OCC 5.875 122430697 218807.89 2/1/2006 1711.14 83.019 NON-OWNER 8.625 121745812 219000 12/1/2005 1323.13 34.49 OWNER OCC 7.25 122222723 219000 1/1/2006 1163.44 57.031 OWNER OCC 6.375 122545727 219060.22 2/1/2006 1646.78 80 OWNER OCC 8.25 122443903 219200 2/1/2006 1255.83 80 OWNER OCC 6.875 122568184 219200 2/1/2006 1370 79.709 OWNER OCC 7.5 122567889 219500 2/1/2006 1906.03 36.583 OWNER OCC 9.875 121745822 219620.09 12/1/2005 1426.92 80 OWNER OCC 6.75 121748433 219720.41 11/1/2005 1652.79 78.57 OWNER OCC 8.25 122667822 219813.65 12/1/2005 1430.57 80 OWNER OCC 6.775 122599908 219840.77 2/1/2006 1557.15 80 OWNER OCC 7.625 122579777 219844.72 2/1/2006 1576.11 62.857 OWNER OCC 7.75 122508265 219876.66 2/1/2006 1750.42 37.607 OWNER OCC 8.875 122503918 219887.5 2/1/2006 1237.5 80 OWNER OCC 6.75 121747637 219995.46 11/1/2005 1375 100 OWNER OCC 7.5 121911197 220000 11/1/2005 1512.5 80 OWNER OCC 8.25 122156107 220000 12/1/2005 1260.42 80 OWNER OCC 6.875 122321643 220000 1/1/2006 1191.67 80 OWNER OCC 6.5 122359129 220000 1/1/2006 1283.33 80 OWNER OCC 7 122468707 220000 2/1/2006 1595.15 51.163 OWNER OCC 7.875 122584816 220000 2/1/2006 1890.14 74.324 OWNER OCC 9.75 122607685 220000 2/1/2006 1352.08 80 OWNER OCC 7.375 121891688 220049.35 10/1/2005 1834.01 89.845 NON-OWNER 9.375 121749055 220382.66 11/1/2005 1378.75 85 OWNER OCC 6.375 121740513 220500 9/1/2005 1378.13 90 OWNER OCC 7.5 122360904 221000 2/1/2006 1451.81 85 NON-OWNER 6.875 122504465 221000 2/1/2006 1640.92 88.755 OWNER OCC 8.125 122595378 221250 12/1/2005 1198.44 75 OWNER OCC 6.5 122160673 221600 12/1/2005 1200.33 80 OWNER OCC 6.5 122383005 221945.03 2/1/2006 1627.47 75.254 OWNER OCC 8.5 122383721 222000 2/1/2006 1766.33 63.429 OWNER OCC 8.875 122229582 222043.26 12/1/2005 1748.84 90 NON-OWNER 8.75 121749089 222108.61 1/1/2006 1441.83 90 OWNER OCC 6.75 122290277 222400 2/1/2006 1621.67 80 OWNER OCC 8.75 122278442 223120 1/1/2006 1557.19 80 OWNER OCC 8.375 122441765 223142.67 2/1/2006 1615.08 90 OWNER OCC 8.375 121723167 223199.75 8/1/2005 1139.25 80 OWNER OCC 6.125 122572297 223200 2/1/2006 1346.69 80 OWNER OCC 6.75 122622072 223353.8 2/1/2006 1659.48 82.778 OWNER OCC 8.125 122477192 223696.87 2/1/2006 1604.76 75.932 OWNER OCC 7.75 122315766 223825.26 1/1/2006 1528.07 80 OWNER OCC 7.25 122531283 223829.56 2/1/2006 1547.11 78.596 OWNER OCC 7.375 122522437 223864.3 2/1/2006 1722.37 80 OWNER OCC 8.5 122349258 223874.43 2/1/2006 1782.24 80 OWNER OCC 8.875 122002936 223920 11/1/2005 1446.15 90 OWNER OCC 7.75 122337601 223920 2/1/2006 1492.8 80 OWNER OCC 8 122283815 224000 1/1/2006 1330 80 OWNER OCC 7.125 122520240 224000 2/1/2006 1470 80 OWNER OCC 7.875 122532179 224000 2/1/2006 1782.24 70 OWNER OCC 8.875 122020139 224037.73 1/1/2006 1586.87 95 OWNER OCC 7.625 122547954 224200 2/1/2006 1656.4 95 OWNER OCC 8.575 121695734 224280.63 9/1/2005 1611.93 90 NON-OWNER 7.75 122565603 224704.9 2/1/2006 1336.18 80 OWNER OCC 6.625 122567883 224892.21 2/1/2006 1912.48 90 OWNER OCC 9.625 121805581 225000 10/1/2005 1453.13 90 OWNER OCC 7.75 121986251 225000 11/1/2005 1453.13 90 OWNER OCC 7.75 122086682 225000 12/1/2005 1500 89.641 OWNER OCC 8 122264988 225000 1/1/2006 1031.25 79.787 OWNER OCC 5.5 122338395 225000 2/1/2006 1592.54 50.562 OWNER OCC 7.625 122391163 225000 2/1/2006 1617.19 89.641 OWNER OCC 8.625 122475706 225000 2/1/2006 1631.41 60 OWNER OCC 7.875 122575116 225000 2/1/2006 1830.67 60.241 OWNER OCC 9.125 122096100 225500 2/1/2006 2126.22 55 OWNER OCC 10.875 122263140 225980 2/1/2006 2098.45 53.297 OWNER OCC 10.685 122463782 226500 2/1/2006 1462.81 75 OWNER OCC 7.75 122313843 226813.93 2/1/2006 1510.24 74.671 OWNER OCC 7 122537233 226986.61 2/1/2006 1436.01 80 OWNER OCC 6.5 122206229 227000 2/1/2006 1489.69 56.75 OWNER OCC 7.875 122534684 227000 2/1/2006 1705.38 87.308 OWNER OCC 8.25 122594696 227191.71 2/1/2006 1732.36 80 OWNER OCC 8.375 122218615 227200 1/1/2006 1420 80 OWNER OCC 7.5 122455845 227783.66 2/1/2006 1403.84 80 OWNER OCC 6.25 122616788 227854.02 1/1/2006 1709.68 80 OWNER OCC 8.23 122010919 227920 11/1/2005 1187.08 80 OWNER OCC 6.25 122088788 228000 12/1/2005 1092.5 80 OWNER OCC 5.75 122186025 228000 1/1/2006 1518.1 87.692 OWNER OCC 7.99 122434650 228000 2/1/2006 1330.55 77.288 OWNER OCC 5.75 122494762 228000 2/1/2006 1633.42 61.622 OWNER OCC 7.75 122557059 228000 2/1/2006 1377.5 80 OWNER OCC 7.25 122560196 228000 2/1/2006 1401.25 80 OWNER OCC 7.375 122225157 228002.13 1/1/2006 1574.74 95 OWNER OCC 7.375 121817059 228500 11/1/2005 1428.13 87.885 OWNER OCC 7.5 122485858 228656.61 2/1/2006 2071.12 75 OWNER OCC 10.375 121747618 228800 10/1/2005 1167.83 80 OWNER OCC 6.125 121748430 228937.27 11/1/2005 1687.99 85 OWNER OCC 8.025 121749044 228973.93 11/1/2005 1451.23 80 OWNER OCC 6.5 122230971 228980 12/1/2005 1335.72 70 OWNER OCC 7 122569079 229050 2/1/2006 1905.12 90 NON-OWNER 9.375 122318196 229097.8 1/1/2006 1503.95 80 OWNER OCC 7.875 121956299 229500 11/1/2005 1338.75 90 OWNER OCC 7 122645115 229500 2/1/2006 1682.45 90 OWNER OCC 8.5 122171740 229600 1/1/2006 1219.75 80 OWNER OCC 6.375 122241358 229811.1 2/1/2006 1528.65 73.016 OWNER OCC 6.99 122545167 229860.67 2/1/2006 1768.5 100 OWNER OCC 8.5 122350963 229880.77 2/1/2006 1892.15 100 OWNER OCC 9.25 121905529 229900 10/1/2005 1556.61 95 OWNER OCC 8.125 122074912 229900 10/1/2005 1178.75 63.014 OWNER OCC 6.15 122240974 229900 2/1/2006 1933.12 100 OWNER OCC 9.5 122264105 230000 12/1/2005 1102.08 80 OWNER OCC 5.75 122479411 230400 2/1/2006 1308.07 80 OWNER OCC 6.25 122512897 230400 2/1/2006 1488 80 OWNER OCC 7.75 122075013 231200 10/1/2005 1464.27 80 OWNER OCC 7.6 122150782 231362.44 12/1/2005 1546.13 80 OWNER OCC 8 122359866 231493.15 1/1/2006 1847.49 90 NON-OWNER 8.875 122571976 231817.46 2/1/2006 1602.37 56.039 OWNER OCC 7.375 122456727 231855.8 2/1/2006 1763.37 80 OWNER OCC 8.375 122229660 231920 12/1/2005 1135.44 80 OWNER OCC 5.875 122459148 231995 2/1/2006 1280.81 80 OWNER OCC 6.625 122376818 232000 2/1/2006 1329.17 80 OWNER OCC 6.875 122043743 232800 12/1/2005 1261 80 OWNER OCC 6.5 122517848 232800 2/1/2006 2086.12 80 OWNER OCC 10.25 122593376 233587 2/1/2006 1362.59 80 OWNER OCC 7 122060035 233600 12/1/2005 1630.33 80 OWNER OCC 8.375 121749021 233726.44 11/1/2005 1331.47 70 OWNER OCC 5.5 122209366 233736.65 12/1/2005 1861.81 90 NON-OWNER 8.875 122485141 234000 2/1/2006 1799.26 90 OWNER OCC 8.5 122564918 234000 2/1/2006 1840.88 90 OWNER OCC 8.75 122509646 234400 2/1/2006 1611.5 80 OWNER OCC 8.25 122532029 234537.51 2/1/2006 1675.37 87.865 OWNER OCC 8.25 122359810 234922.47 1/1/2006 1544.57 80 OWNER OCC 6.875 122179969 235037 12/1/2005 1738.29 80 OWNER OCC 8.875 121960401 235200 11/1/2005 1102.5 80 OWNER OCC 5.625 122612955 235437.87 2/1/2006 1708.26 79.864 OWNER OCC 7.875 122297227 235998.5 1/1/2006 1401.25 80 OWNER OCC 7.125 121936507 236000 12/1/2005 1268.5 80 OWNER OCC 6.45 122471000 236000 2/1/2006 1596.82 80 OWNER OCC 7.75 122393661 236250 2/1/2006 2008.1 75 OWNER OCC 9.625 122236470 236800 1/1/2006 1504.67 75.897 OWNER OCC 7.625 122277115 237477.2 1/1/2006 1509.11 91.346 OWNER OCC 7.625 121735891 237500 8/1/2005 1138.02 95 OWNER OCC 5.75 122241384 238000 2/1/2006 1664.13 85 NON-OWNER 7.5 121748282 238032.95 10/1/2005 1374.67 80 OWNER OCC 5.625 122558638 238402.55 2/1/2006 1439.01 90 OWNER OCC 6.75 121749062 238487.78 12/1/2005 1375.82 67.32 OWNER OCC 5.625 122333252 238500 2/1/2006 1729.29 90 OWNER OCC 7.875 122619115 238950 2/1/2006 1468.55 79.997 OWNER OCC 7.375 121740582 239016.77 10/1/2005 1540.72 80 OWNER OCC 6.65 122393567 239310 2/1/2006 1904.06 90 OWNER OCC 8.875 122667249 239834 1/1/2006 1570 72.727 OWNER OCC 7.85 122517443 239920 2/1/2006 1374.54 80 OWNER OCC 6.875 122529089 239920 2/1/2006 1749.42 80 OWNER OCC 8.75 122594928 239999 2/1/2006 1824.17 80 OWNER OCC 8.375 121747693 240000 11/1/2005 1050 80 OWNER OCC 5.25 121849355 240000 11/1/2005 1400 80 OWNER OCC 7 122098303 240000 2/1/2006 1475 80 OWNER OCC 7.375 122221101 240000 2/1/2006 1781.99 80 OWNER OCC 8.125 122328978 240000 2/1/2006 1437.38 76.19 OWNER OCC 5.99 122392530 240000 2/1/2006 1500 80 OWNER OCC 7.5 122436335 240000 2/1/2006 1525 80 OWNER OCC 7.625 122516239 240000 2/1/2006 1525 80 OWNER OCC 7.625 122518674 240000 2/1/2006 1623.89 80 OWNER OCC 7.75 122632626 240000 2/1/2006 1929.37 47.059 OWNER OCC 8.99 122667250 240000 1/1/2006 1160 75 OWNER OCC 5.8 122686260 240000 2/1/2006 1700 80 OWNER OCC 8.5 122275751 240700 1/1/2006 1379.01 75.336 OWNER OCC 6.875 122363581 240854 2/1/2006 1853.08 100 OWNER OCC 8.5 121748047 243000 12/1/2005 1240.31 75 OWNER OCC 6.125 122382794 243000 2/1/2006 1735.36 90 OWNER OCC 8.25 121745826 243200 11/1/2005 1317.33 80 OWNER OCC 6.5 122436425 243200 2/1/2006 1368 80 OWNER OCC 6.75 122209802 243486.88 11/1/2005 1421.88 75 NON-OWNER 7 121958372 243505.56 11/1/2005 1790.39 80 OWNER OCC 8 122572461 243902.25 2/1/2006 1538.45 80 OWNER OCC 7.125 121456950 243920 9/1/2005 1245.01 80 OWNER OCC 6.125 121738897 244000 11/1/2005 1296.25 80 OWNER OCC 6.375 121900835 244000 11/1/2005 1474.17 80 OWNER OCC 7.25 122086370 244000 12/1/2005 1575.83 80 OWNER OCC 7.75 122155667 244000 12/1/2005 1169.17 80 OWNER OCC 5.75 122622882 244000 2/1/2006 1582.58 80 OWNER OCC 6.75 122667254 244000 1/1/2006 1616.5 80 OWNER OCC 7.95 122063135 244800 11/1/2005 1428 80 OWNER OCC 7 122504988 245000 2/1/2006 2104.93 59.756 OWNER OCC 9.75 122518258 245000 2/1/2006 2127.45 64.474 OWNER OCC 9.875 122563780 245000 2/1/2006 1927.42 56.977 OWNER OCC 8.75 122436797 245600 1/1/2006 1586.17 80 OWNER OCC 7.75 122477932 245600 2/1/2006 1662.92 80 OWNER OCC 8.125 122515852 245650 2/1/2006 1954.5 85 OWNER OCC 8.875 121748054 245829.36 10/1/2005 1254.86 80 OWNER OCC 6.125 122448028 246312.52 2/1/2006 1576.15 80 OWNER OCC 7.25 122569651 246500 2/1/2006 1787.3 85 OWNER OCC 7.875 122288299 246800 1/1/2006 1516.79 80 OWNER OCC 7.375 122377442 246971.04 2/1/2006 1542.21 80 OWNER OCC 6.375 122061743 247000 1/1/2006 1492.29 79.985 OWNER OCC 7.25 122356463 247000 1/1/2006 1903.96 95 OWNER OCC 9.25 122331033 247500 1/1/2006 1933.59 90 OWNER OCC 9.375 122430178 247500 2/1/2006 1947.08 90 NON-OWNER 8.75 122577033 247500 2/1/2006 1814.41 90 OWNER OCC 8.5 122128925 247592.17 12/1/2005 1343.33 62 OWNER OCC 6.5 122390936 247600 1/1/2006 1547.5 80 OWNER OCC 7.5 122344584 247920 1/1/2006 1652.8 80 OWNER OCC 8 121998255 247987 11/1/2005 1317.43 85 OWNER OCC 6.375 122211144 248000 12/1/2005 1653.33 80 OWNER OCC 8 122376586 248000 2/1/2006 1798.17 80 OWNER OCC 7.875 122568481 248000 2/1/2006 1446.67 80 OWNER OCC 7 122575125 248000 2/1/2006 1654.97 80 OWNER OCC 7.625 122610647 248000 2/1/2006 1841.39 80 OWNER OCC 8.125 122564617 248180 2/1/2006 1499.42 80 OWNER OCC 7.25 121374395 248676.61 7/1/2005 1748.04 51.32 OWNER OCC 7.5 122383677 248800 1/1/2006 1347.67 80 OWNER OCC 6.5 122280443 248850 2/1/2006 1546.43 90 OWNER OCC 7 122357591 249000 2/1/2006 1914.59 100 OWNER OCC 8.5 121892839 249403.23 10/1/2005 1944.47 28.664 OWNER OCC 8.625 122571226 249436.73 2/1/2006 1853.27 80 OWNER OCC 8.125 122009301 249449 11/1/2005 1559.06 80 OWNER OCC 7.5 122460556 249599.96 2/1/2006 1612 80 OWNER OCC 7.75 122438814 249850 2/1/2006 1561.56 95 OWNER OCC 7.5 122623833 249866.96 2/1/2006 2034.08 55.556 OWNER OCC 9.125 122551243 249877.03 2/1/2006 2102.14 80 OWNER OCC 9.5 120394628 249902.7 6/1/2005 1531.18 80 OWNER OCC 6.125 121736734 249999.25 10/1/2005 1406.25 80 NON-OWNER 6.75 122464435 250000 2/1/2006 1668.32 80 OWNER OCC 7.625 122572985 250000 2/1/2006 1432.29 66.667 OWNER OCC 6.875 122577099 250000 2/1/2006 2380.81 65.789 OWNER OCC 11 122631396 250150 2/1/2006 1771.9 79.997 OWNER OCC 8.5 122361626 250320 2/1/2006 1793.32 80 OWNER OCC 7.75 122639961 250633.01 2/1/2006 2154.33 85 OWNER OCC 9.75 121732534 250743.47 10/1/2005 1902.72 76.21 OWNER OCC 8.325 122135366 250827.27 1/1/2006 1819.92 83.667 OWNER OCC 7.875 121732492 251077.1 8/1/2005 1946.6 81.29 OWNER OCC 8.55 122243402 251102.13 1/1/2006 1953.03 90 OWNER OCC 8.625 122492277 251120 2/1/2006 1517.18 80 OWNER OCC 7.25 121733303 251353.21 10/1/2005 1239 80 OWNER OCC 5.9 121747797 251575.37 12/1/2005 1655.46 90 OWNER OCC 6.875 121747586 251598.77 11/1/2005 1548.75 80 NON-OWNER 7.375 122568026 251600 2/1/2006 1467.67 80 OWNER OCC 7 122530211 251798.48 2/1/2006 1697.77 44.602 OWNER OCC 7.125 122137154 251843.37 2/1/2006 1915.38 70 OWNER OCC 8.375 122372612 251843.37 2/1/2006 1915.38 80 OWNER OCC 8.375 122079314 251930.06 12/1/2005 1390.86 90 OWNER OCC 6.625 121994116 252000 1/1/2006 1391.25 80 OWNER OCC 6.625 122386255 252000 2/1/2006 1543.18 80 OWNER OCC 6.875 122527556 252000 2/1/2006 1470 80 OWNER OCC 7 122332142 252002.09 1/1/2006 2005.03 70 OWNER OCC 8.875 122616786 252800 1/1/2006 1950.77 80 OWNER OCC 9.26 121730753 253000 10/1/2005 1649.77 81.35 OWNER OCC 7.825 122366183 253500 2/1/2006 2062.56 65 NON-OWNER 9.125 121745815 253978.37 12/1/2005 2068.66 90 OWNER OCC 9.125 122305806 254400 2/1/2006 1590 80 OWNER OCC 7.5 122218374 254758.04 2/1/2006 1570.08 62.195 OWNER OCC 6.25 122551623 254945.53 2/1/2006 1966.97 83.607 2ND HOME 9 122378298 255000 2/1/2006 1753.13 75 OWNER OCC 8.25 122489024 255150 2/1/2006 1860.47 90 OWNER OCC 8.75 122540464 255424.3 2/1/2006 2148.8 95 OWNER OCC 9.5 121835999 256000 10/1/2005 1520 80 OWNER OCC 7.125 122079337 256000 12/1/2005 1413.33 80 OWNER OCC 6.625 122367986 256000 2/1/2006 1786.67 80 OWNER OCC 8.375 122429018 256000 2/1/2006 1866.67 80 OWNER OCC 8.75 122481123 256000 2/1/2006 1639.2 80 OWNER OCC 6.625 122540862 256000 2/1/2006 1680 80 OWNER OCC 7.875 122544008 256000 2/1/2006 1618.09 80 OWNER OCC 6.5 122559324 256000 2/1/2006 1861.33 80 OWNER OCC 8.725 121749063 256145.8 12/1/2005 1859.8 90 OWNER OCC 7.875 122196466 256500 12/1/2005 1549.69 95 OWNER OCC 7.25 122512435 256500 2/1/2006 1664.31 90 OWNER OCC 7.375 122350053 256800 1/1/2006 1551.5 80 OWNER OCC 7.25 122620371 256800 2/1/2006 1861.98 80 OWNER OCC 7.875 122472738 257000 2/1/2006 1445.63 59.08 OWNER OCC 6.75 121745838 259000 12/1/2005 1618.75 56.92 OWNER OCC 7.5 121736759 259200 10/1/2005 1485 80 NON-OWNER 6.875 122522422 259200 2/1/2006 1593 80 OWNER OCC 7.375 122300520 259250 1/1/2006 1566.3 85 OWNER OCC 7.25 122248243 259587.95 12/1/2005 1867.66 80 OWNER OCC 8.625 122258677 259821.07 1/1/2006 1885.18 61.466 NON-OWNER 7.875 122088202 259825.54 2/1/2006 1907.79 66.667 OWNER OCC 8 122349788 259834.21 2/1/2006 1953.29 29.379 NON-OWNER 8.25 122515085 259838.39 2/1/2006 1976.19 70.27 OWNER OCC 8.375 122301814 259850.41 1/1/2006 2045.42 100 OWNER OCC 8.75 122090450 259920 11/1/2005 1624.5 80 OWNER OCC 7.5 121749029 259941.8 11/1/2005 1667.37 80 OWNER OCC 6.625 122182920 259999.58 1/1/2006 1489.58 80 OWNER OCC 6.875 122174837 260000 1/1/2006 1516.67 80 OWNER OCC 7 122363075 260000 2/1/2006 1462.5 80 OWNER OCC 6.75 122439295 260000 2/1/2006 1615.72 80 OWNER OCC 7 122463853 260000 2/1/2006 1489.58 66.667 OWNER OCC 6.875 122545022 260000 2/1/2006 1679.17 75.802 OWNER OCC 7.75 122647294 260000 2/1/2006 1840.26 80 OWNER OCC 7.625 122566089 260332.9 2/1/2006 1467 80 OWNER OCC 6.75 122288738 260800 1/1/2006 1548.5 80 OWNER OCC 7.125 122290634 260800 1/1/2006 1548.5 80 OWNER OCC 7.125 122135750 261000 1/1/2006 1658.44 90 OWNER OCC 7.625 122550070 261000 2/1/2006 1717.56 90 OWNER OCC 7.5 122567709 261507.12 2/1/2006 1673.38 80 OWNER OCC 7.25 122354005 261509.3 1/1/2006 2014.55 65.5 OWNER OCC 8.5 122440738 261800 2/1/2006 1921 87.27 OWNER OCC 8 122501961 262500 2/1/2006 2112.13 75 OWNER OCC 9 121747841 262774.54 10/1/2005 1478.32 80 OWNER OCC 5.375 122451207 262819.01 2/1/2006 1906.93 64.146 OWNER OCC 7.875 122548628 263200 2/1/2006 1908.38 80 OWNER OCC 7.875 122508799 263446.86 2/1/2006 1688.37 80 OWNER OCC 6.625 121732540 263486.39 10/1/2005 1947.83 74.42 OWNER OCC 8.05 121749033 263521.33 11/1/2005 1668.66 80 OWNER OCC 6.5 122561193 263918.72 2/1/2006 1786.28 80 OWNER OCC 7.75 122326142 264000 2/1/2006 1430 78.806 OWNER OCC 6.5 122077711 264041.09 12/1/2005 1652.46 90 OWNER OCC 7.5 121747929 264327.05 12/1/2005 1489.24 37.14 OWNER OCC 5.375 122432363 264600 2/1/2006 2200.81 90 OWNER OCC 9.375 121718981 264720 11/1/2005 1792.38 80 OWNER OCC 8.125 121963470 264776 2/1/2006 1919.81 72.586 2ND HOME 7.875 121747772 264999.38 10/1/2005 1242.19 78.52 OWNER OCC 5.625 122149979 265000 12/1/2005 1683.85 89.831 OWNER OCC 7.625 122568795 265000 2/1/2006 1959.9 100 OWNER OCC 8.875 122591154 265000 2/1/2006 2084.76 64.477 NON-OWNER 8.75 122484023 265520 1/1/2006 1438.23 80 OWNER OCC 6.5 122492623 265520 2/1/2006 1994.76 80 OWNER OCC 8.25 121749064 265779.11 12/1/2005 1747.43 35.95 OWNER OCC 6.875 122463558 266000 2/1/2006 1628.91 70 OWNER OCC 6.875 122501320 266200 2/1/2006 2118.01 74.986 OWNER OCC 8.875 122350124 267750 2/1/2006 1937.44 85 OWNER OCC 8.375 122651570 267908.16 2/1/2006 1738.92 80 OWNER OCC 7.375 122604651 267920 2/1/2006 1507.05 80 OWNER OCC 6.75 121955774 268000 11/1/2005 1507.5 80 OWNER OCC 6.75 122198206 268000 1/1/2006 1870.42 80 OWNER OCC 8.375 122201799 268000 1/1/2006 1591.25 80 OWNER OCC 7.125 122269568 268000 1/1/2006 1535.42 79.762 OWNER OCC 6.875 122334581 268000 1/1/2006 1507.5 80 OWNER OCC 6.75 122345229 268000 2/1/2006 1919.98 89.933 OWNER OCC 7.75 122472873 268000 2/1/2006 1702.92 80 OWNER OCC 7.625 122539872 268000 2/1/2006 1788.44 80 OWNER OCC 7.625 122098260 268619.94 11/1/2005 2093.03 90 NON-OWNER 8.625 122254969 268720 1/1/2006 1595.53 80 OWNER OCC 7.125 121713565 268800 10/1/2005 1512 80 OWNER OCC 6.75 121781533 268800 10/1/2005 1456 80 OWNER OCC 6.5 122012802 268800 11/1/2005 1540 80 OWNER OCC 6.875 122388713 268964.1 2/1/2006 2238.24 90 OWNER OCC 9.375 121749075 269245.61 12/1/2005 1747.81 75 OWNER OCC 6.75 122169600 269660 12/1/2005 1713.46 80 OWNER OCC 7.625 122536240 269925.41 2/1/2006 1902.71 90 OWNER OCC 8.125 121732586 270000 10/1/2005 1777.5 78.035 OWNER OCC 7.9 122491080 270000 2/1/2006 1887.88 75 OWNER OCC 7.5 122616779 270000 12/1/2005 1766.25 90 OWNER OCC 7.85 122197484 271200 12/1/2005 1779.75 80 OWNER OCC 7.875 121749065 271563.69 12/1/2005 1832.51 82.93 OWNER OCC 7.125 122053901 271919.76 12/1/2005 1756.15 80 OWNER OCC 7.75 122017907 271946.45 11/1/2005 1785 80 OWNER OCC 7.875 122161320 271965.43 1/1/2006 1728.33 80 OWNER OCC 7.625 122455687 271999.33 1/1/2006 1813.33 80 OWNER OCC 8 122044727 272000 11/1/2005 2096.67 85 OWNER OCC 9.25 122146171 272000 1/1/2006 1615 80 OWNER OCC 7.125 122190713 272000 2/1/2006 1671.67 80 OWNER OCC 7.375 122491628 272000 2/1/2006 1898.33 80 OWNER OCC 8.375 122514905 272000 2/1/2006 2139.83 80 OWNER OCC 8.75 121749084 272002.71 1/1/2006 1629.03 80 OWNER OCC 5.99 121732518 272143.75 10/1/2005 1908.86 54.6 OWNER OCC 7.5 122583831 273992 2/1/2006 1769.53 80 OWNER OCC 7.75 122383383 274291.13 1/1/2006 1895.9 90 OWNER OCC 7.375 122464092 274332.97 2/1/2006 2135.03 90 OWNER OCC 8.625 122345839 274400 2/1/2006 1743.58 80 OWNER OCC 7.625 122390168 274500 1/1/2006 1486.88 90 OWNER OCC 6.5 122536612 274500 2/1/2006 2062.23 90 OWNER OCC 8.25 121929743 274742.37 12/1/2005 2362.67 100 OWNER OCC 9.75 122536659 274795.49 2/1/2006 2017.71 78.57 OWNER OCC 8 122366315 274810.75 1/1/2006 1993.94 55 OWNER OCC 7.875 121740485 275400 9/1/2005 1858.95 90 OWNER OCC 8.1 122209636 275485.11 11/1/2005 1381.25 65 NON-OWNER 6 122464255 275805.2 2/1/2006 1977.3 80 OWNER OCC 7.75 122531340 275822.28 2/1/2006 1954.43 80 OWNER OCC 8.5 122278432 275998.2 1/1/2006 2041.25 80 OWNER OCC 8.875 122056430 276000 11/1/2005 1495 80 OWNER OCC 6.5 122579330 276000 2/1/2006 1929.83 80 OWNER OCC 7.5 122617269 276000 2/1/2006 1529.5 80 OWNER OCC 6.65 122650949 276000 2/1/2006 1929.83 80 OWNER OCC 7.5 122494057 276059.89 2/1/2006 2003 68.21 NON-OWNER 7.875 122548224 276238.75 2/1/2006 2104.72 90 OWNER OCC 8.875 122102541 276400 2/1/2006 1698.71 80 OWNER OCC 7.375 122546120 276751.68 2/1/2006 2129.89 84.991 OWNER OCC 8.5 121747720 276800 12/1/2005 1614.67 80 OWNER OCC 7 122354707 277000 2/1/2006 1960.59 74.865 OWNER OCC 7.625 121749040 277241.34 11/1/2005 1757.15 52.95 OWNER OCC 6.5 121765288 277302.82 9/1/2005 1627.5 90 OWNER OCC 7 122483388 277323.37 1/1/2006 1954.86 95 OWNER OCC 8.125 122448506 278000 2/1/2006 2137.58 59.914 OWNER OCC 8.5 122374195 278400 2/1/2006 1595 80 OWNER OCC 6.875 122268460 278669.38 12/1/2005 2170.03 90 NON-OWNER 8.625 121725326 278760.36 5/1/2005 1906.04 80 OWNER OCC 7.2 122474242 278889.13 1/1/2006 2552.12 63.991 OWNER OCC 10.5 122528736 279000 2/1/2006 2047.2 80.87 OWNER OCC 8 122024258 279542.33 11/1/2005 1862.85 80 OWNER OCC 7 121676664 279711.48 2/1/2006 1769.79 79.32 OWNER OCC 6.5 122107537 279762.5 1/1/2006 1862.79 80 OWNER OCC 7 122614411 279840 2/1/2006 1574.1 80 OWNER OCC 6.75 121747823 280000 10/1/2005 1487.5 93.33 OWNER OCC 6.375 121748241 280000 12/1/2005 2041.67 100 OWNER OCC 8.75 121850859 280000 2/1/2006 1575 80 OWNER OCC 6.75 121989723 280000 12/1/2005 1516.67 80 OWNER OCC 6.5 122386762 280000 2/1/2006 1516.67 80 OWNER OCC 6.5 122494597 280000 2/1/2006 1946.87 75.472 OWNER OCC 8 122530552 280000 2/1/2006 1779.17 80 OWNER OCC 7.625 122595435 280000 2/1/2006 1720.83 80 OWNER OCC 7.375 122602381 280000 2/1/2006 1779.17 80 OWNER OCC 7.625 122266324 280535.94 1/1/2006 2360.06 90 2ND HOME 9.5 122233343 280800 12/1/2005 1579.5 74.88 OWNER OCC 6.75 122261364 281090.81 1/1/2006 2495.44 23.596 OWNER OCC 6.75 121598527 281595 11/1/2005 1760 80 OWNER OCC 7.5 122483613 281900 2/1/2006 1908.7 79.99 OWNER OCC 8.125 122353014 282000 2/1/2006 2020.28 74.149 OWNER OCC 7.75 122575842 282400 2/1/2006 1559.08 80 OWNER OCC 6.625 122070438 282400.66 8/1/2005 1771.79 80 OWNER OCC 6.375 121725004 282404.68 3/1/2005 1915.29 71.25 OWNER OCC 7.1 122524851 282891.32 2/1/2006 2252.07 85 NON-OWNER 8.875 122056073 282898 12/1/2005 1355.55 80 OWNER OCC 5.75 122580984 283767.21 2/1/2006 1889.46 80 OWNER OCC 7 121812240 284000 10/1/2005 1686.25 80 OWNER OCC 7.125 121825542 284000 1/1/2006 1715.83 78.889 OWNER OCC 7.25 122595901 284000 2/1/2006 1804.58 80 OWNER OCC 7.625 122613954 284000 2/1/2006 1745.42 80 OWNER OCC 7.375 122281621 284400 2/1/2006 1866.38 90 OWNER OCC 7.875 122371322 284400 2/1/2006 1807.13 80 OWNER OCC 7.625 122496098 284573.01 2/1/2006 2164.31 78.66 OWNER OCC 8.375 122331685 284718.42 2/1/2006 1980.25 80 OWNER OCC 8 122107115 284793.73 2/1/2006 2017.21 70.37 OWNER OCC 7.625 122592145 284993.58 2/1/2006 2018.63 89.973 OWNER OCC 7.625 121747606 285000 10/1/2005 1454.69 95 OWNER OCC 6.125 122585087 285000 2/1/2006 2191.4 89.063 NON-OWNER 8.5 122632434 286150 2/1/2006 2074.79 89.996 OWNER OCC 7.875 122171493 286280.88 1/1/2006 2227.98 84.874 OWNER OCC 8.625 122479228 286399.42 1/1/2006 1879.5 80 OWNER OCC 7.875 122554543 286800 2/1/2006 2650.31 35.85 OWNER OCC 10.625 121733114 287130.21 10/1/2005 1717.46 80 OWNER OCC 5.95 122363389 287300 2/1/2006 2133.19 83.27 OWNER OCC 8.125 122522888 287600 2/1/2006 2007.21 80 OWNER OCC 8.375 122575286 287745 2/1/2006 1844.1 80 OWNER OCC 6.625 122455938 287786.26 2/1/2006 2013.74 80 OWNER OCC 7.5 122371864 287960 1/1/2006 1799.75 80 OWNER OCC 7.5 121748350 288000 12/1/2005 1470 80 OWNER OCC 6.125 122012729 288000 12/1/2005 1650 80 OWNER OCC 6.875 122028107 288000 1/1/2006 1650 80 OWNER OCC 6.875 122041008 288000 12/1/2005 1200 80 OWNER OCC 5 122103626 288000 12/1/2005 1500 80 OWNER OCC 6.25 122455336 288000 2/1/2006 1770 80 OWNER OCC 7.375 122537294 288000 2/1/2006 2073.23 57.6 OWNER OCC 7.8 122551166 288000 2/1/2006 1710 80 OWNER OCC 7.125 122592765 288000 2/1/2006 2317.31 90 NON-OWNER 9 122074873 288150 10/1/2005 1512.79 85 OWNER OCC 6.3 122119762 288400 1/1/2006 1862.58 80 OWNER OCC 7.75 122485307 288400 2/1/2006 1799.24 80 OWNER OCC 6.375 122325596 289320 1/1/2006 1681.67 80 OWNER OCC 6.975 122268051 289600 12/1/2005 1810 80 OWNER OCC 7.5 121984301 290044 12/1/2005 1842.99 80 OWNER OCC 7.625 121770714 290695.75 10/1/2005 1695.75 95 OWNER OCC 7 122468374 290909.69 1/1/2006 1996.11 89.815 OWNER OCC 7.875 122518145 290936.74 1/1/2006 1840.59 80 OWNER OCC 6.5 121791817 291783.65 10/1/2005 2249.07 90 NON-OWNER 8.5 121745848 292000 12/1/2005 1703.33 80 OWNER OCC 7 122039835 292000 12/1/2005 1642.5 80 OWNER OCC 6.75 122091652 292000 12/1/2005 1672.92 80 OWNER OCC 6.875 122192661 292000 1/1/2006 1672.92 80 OWNER OCC 6.875 122205253 292000 2/1/2006 1703.33 80 OWNER OCC 7 122321436 292000 2/1/2006 2323.28 80 OWNER OCC 8.875 122505436 292000 2/1/2006 2562.51 69.856 OWNER OCC 10 122544067 292000 2/1/2006 2129.17 80 OWNER OCC 8.75 122545370 292000 2/1/2006 1794.58 80 OWNER OCC 7.375 122635832 292000 2/1/2006 1794.58 80 OWNER OCC 7.375 122154857 292153.37 12/1/2005 2275.03 90 NON-OWNER 8.625 121760176 292418.88 9/1/2005 1523.05 75 OWNER OCC 6.25 122000739 292490.11 12/1/2005 1919.53 90 OWNER OCC 7.875 121733032 292500 10/1/2005 1486.88 90 OWNER OCC 6.1 121733376 292500 10/1/2005 1767.19 90 OWNER OCC 7.25 121733158 293592 10/1/2005 1620.87 80 OWNER OCC 6.625 121749069 293707.32 1/1/2006 1762.68 79.73 OWNER OCC 6 121749028 294135.43 11/1/2005 1792.45 68.6 OWNER OCC 6.125 122327722 294150 1/1/2006 1850 80 OWNER OCC 7.5 122239663 294313.46 1/1/2006 2442.61 90 NON-OWNER 9.25 121749082 294664.83 12/1/2005 1865.86 80 OWNER OCC 6.5 122428984 294720 2/1/2006 1688.5 80 OWNER OCC 6.875 122353237 294869.49 1/1/2006 2588.84 100 OWNER OCC 10 121748139 295026.57 10/1/2005 1680.66 80 OWNER OCC 5.5 122629887 295200 2/1/2006 1506.75 80 OWNER OCC 6.125 122527035 295332 2/1/2006 2349.8 85 2ND HOME 8.875 122448288 295791.09 2/1/2006 2120.58 80 OWNER OCC 7.75 122284487 295850 1/1/2006 1572.5 80 OWNER OCC 6.375 122186069 296000 12/1/2005 1665 80 OWNER OCC 6.75 122269122 296000 1/1/2006 1880.83 80 OWNER OCC 7.625 122293194 296000 1/1/2006 2127.5 80 OWNER OCC 8.625 122527970 296000 2/1/2006 1759.38 80 OWNER OCC 6.625 122563476 296000 2/1/2006 1665 80 OWNER OCC 6.75 122391696 296653 2/1/2006 2333.77 95 OWNER OCC 8.75 122075017 296743.24 10/1/2005 1822.71 80 OWNER OCC 6.2 122525862 297000 2/1/2006 1954.47 90 OWNER OCC 7.5 122129308 297147.4 12/1/2005 2313.95 85 OWNER OCC 8.625 122075007 297331.45 10/1/2005 2081.45 95 OWNER OCC 8.4 121935576 297600 11/1/2005 1705 80 OWNER OCC 6.875 122524086 297741.82 2/1/2006 1970.79 83.333 OWNER OCC 6.875 122472116 298400 2/1/2006 2082.58 80 OWNER OCC 8.375 121717948 298699.98 10/1/2005 1711.31 79.989 OWNER OCC 6.875 122318797 298925.97 2/1/2006 2191.95 79.947 OWNER OCC 8.5 122238701 299000 12/1/2005 1276.98 74.75 OWNER OCC 5.125 121749053 299055.83 11/1/2005 1750.72 79.79 OWNER OCC 5.75 122048742 299377.53 11/1/2005 2227.49 28.674 OWNER OCC 8.125 122559088 299424 2/1/2006 1964.97 80 OWNER OCC 7.875 122102791 299432 12/1/2005 1653.11 80 OWNER OCC 6.625 122113135 299718.94 12/1/2005 2577.46 100 OWNER OCC 9.75 122437854 299782.87 2/1/2006 2123.38 80 OWNER OCC 7.625 122502798 299813.53 2/1/2006 2280.22 78.947 OWNER OCC 8.375 122361875 299841.81 2/1/2006 1973.82 80 OWNER OCC 7.5 122499768 299910.9 2/1/2006 2057.85 64.935 OWNER OCC 7.875 121738005 300000 9/1/2005 1687.5 80 NON-OWNER 6.75 122049476 300000 11/1/2005 1468.75 60 OWNER OCC 5.875 122107889 300000 2/1/2006 2828.67 67.416 OWNER OCC 10.875 122166640 300000 1/1/2006 1750 80 OWNER OCC 7 122182125 300000 1/1/2006 1656.25 68.182 OWNER OCC 6.625 122242597 300000 1/1/2006 1750 71.09 OWNER OCC 7 122307940 300000 2/1/2006 1750 80 OWNER OCC 7 122365154 300000 2/1/2006 1687.5 80 OWNER OCC 6.75 122391068 300000 2/1/2006 2021.16 63.158 OWNER OCC 7.125 122394632 300000 2/1/2006 1970.79 57.361 OWNER OCC 6.875 122505608 300000 2/1/2006 1906.25 80 OWNER OCC 7.625 122576263 300000 2/1/2006 1945.79 80 OWNER OCC 6.75 121756645 301242.91 8/1/2005 1766.72 90 2ND HOME 6.99 122218105 301500 2/1/2006 2238.63 90 OWNER OCC 8.125 122338992 301500 1/1/2006 2010 90 OWNER OCC 8 122496006 301500 2/1/2006 1695.94 90 OWNER OCC 6.75 122508964 301681.42 2/1/2006 2137.54 85.07 OWNER OCC 7.625 121749081 302002.98 1/1/2006 1859.47 79.47 OWNER OCC 6.25 122508197 302191.89 2/1/2006 2192.61 80 OWNER OCC 7.875 122373459 302400 2/1/2006 1827 80 OWNER OCC 7.25 122134814 303800 2/1/2006 2255.71 89.353 OWNER OCC 8.125 122443216 303920 2/1/2006 1861.12 80 OWNER OCC 6.875 121747912 304000 11/1/2005 1583.33 95 OWNER OCC 6.25 122371320 304000 2/1/2006 2283.85 80 OWNER OCC 8.25 122627218 304000 2/1/2006 1931.67 95 OWNER OCC 7.625 122063981 304500 11/1/2005 1712.81 70 OWNER OCC 6.75 122074928 304847.96 9/1/2005 2137.5 90 OWNER OCC 7.49 122118914 304851 12/1/2005 2222.87 80 OWNER OCC 8.75 121733086 304998.74 10/1/2005 1499.58 68.82 OWNER OCC 5.9 121749057 305262.23 12/1/2005 1859.29 60 OWNER OCC 6.125 122235042 305832.51 2/1/2006 2459.94 90 OWNER OCC 8.99 122521286 306000 2/1/2006 1846.27 90 OWNER OCC 6.75 122555352 306000 2/1/2006 2629.01 85 OWNER OCC 9.75 121745835 306456.78 12/1/2005 1965.76 66.74 OWNER OCC 6.625 122585843 307120 2/1/2006 2239.42 80 OWNER OCC 8.75 122467764 307200 2/1/2006 1804.8 80 OWNER OCC 7.05 122579432 307752.33 2/1/2006 2274.67 82.667 OWNER OCC 8 122313481 307759.73 2/1/2006 2101.1 88 OWNER OCC 7.25 122149962 308000 12/1/2005 2213.75 80 OWNER OCC 8.625 122239361 308000 12/1/2005 1925 80 OWNER OCC 7.5 122388462 308700 1/1/2006 2250.94 90 OWNER OCC 8.75 121916542 308800 10/1/2005 1608.33 80 OWNER OCC 6.25 122511860 308800 2/1/2006 1863.17 80 OWNER OCC 6.75 122572710 308800 2/1/2006 2058.67 80 OWNER OCC 8 122217526 308828.35 1/1/2006 1620.09 67.912 OWNER OCC 5.625 122280279 309520 1/1/2006 1676.57 80 OWNER OCC 6.5 121749056 309821.51 11/1/2005 2197.7 90 OWNER OCC 7.625 121808338 310000 11/1/2005 1808.33 89.855 OWNER OCC 7 122276980 310000 2/1/2006 2167.56 100 OWNER OCC 7.5 122387577 310000 2/1/2006 2466.5 83.784 OWNER OCC 8.875 122539922 310000 2/1/2006 2438.77 100 OWNER OCC 8.75 122545737 310000 2/1/2006 1842.59 72.941 OWNER OCC 6.625 122582539 310000 2/1/2006 2438.77 71.264 OWNER OCC 8.75 122520226 310050 2/1/2006 2325.38 90 OWNER OCC 9 122386849 310066.83 2/1/2006 2413.09 83.851 OWNER OCC 8.625 122313520 310446.31 1/1/2006 2102.34 90 OWNER OCC 8.125 121988463 310500 11/1/2005 1746.56 90 OWNER OCC 6.75 122495104 310500 2/1/2006 2264.06 90 OWNER OCC 8.75 121862798 310900 10/1/2005 1911.35 89.884 OWNER OCC 7.375 122535261 311040 2/1/2006 1944 80 OWNER OCC 7.5 122318382 311200 1/1/2006 1880.17 80 OWNER OCC 7.25 122573455 311250 2/1/2006 2222.76 83 OWNER OCC 8.25 122579535 311920 2/1/2006 1949.5 80 OWNER OCC 7.5 121747923 312000 12/1/2005 1982.5 80 NON-OWNER 7.625 122280874 312000 1/1/2006 1982.5 80 OWNER OCC 7.625 122256689 312711.51 1/1/2006 2378.31 100 OWNER OCC 8.375 121748439 313073.01 12/1/2005 2298.17 95 OWNER OCC 7.99 122074709 313500 12/1/2005 1926.72 95 OWNER OCC 7.375 122575904 313510.17 2/1/2006 2180.5 80 OWNER OCC 8 122637094 313600 2/1/2006 1764 80 OWNER OCC 6.75 121788167 313950 1/1/2006 1733.27 79.987 OWNER OCC 6.625 122608765 314400 2/1/2006 1801.25 80 OWNER OCC 6.875 121966390 314449.35 12/1/2005 2227.35 95 OWNER OCC 8.5 122585344 314935.17 2/1/2006 2460.14 70 OWNER OCC 9.125 121994860 315000 1/1/2006 2395.31 90 OWNER OCC 9.125 122059925 315000 2/1/2006 2478.11 90 OWNER OCC 8.75 122091366 315000 12/1/2005 1837.5 90 OWNER OCC 7 122125588 315000 12/1/2005 1837.5 90 OWNER OCC 7 122323022 315000 2/1/2006 2677.47 100 OWNER OCC 9.625 122519477 315000 2/1/2006 2283.97 90 OWNER OCC 7.875 122572104 315000 2/1/2006 2910.91 75 NON-OWNER 10.625 122598402 315000 2/1/2006 1771.88 90 OWNER OCC 6.75 122290788 316000 1/1/2006 1612.92 80 OWNER OCC 6.125 121749022 318065.1 11/1/2005 1938.28 91.4 OWNER OCC 6.125 122590596 318305.44 2/1/2006 2184.06 80 OWNER OCC 7.875 122539899 318457.5 2/1/2006 2201.18 82.995 OWNER OCC 7.375 121843790 318766.16 11/1/2005 2206.71 90 NON-OWNER 7.375 122302699 319166.95 2/1/2006 2206.09 90 NON-OWNER 7.375 122296800 319200 2/1/2006 1928.5 80 OWNER OCC 7.25 121738519 320000 10/1/2005 1866.67 73.56 NON-OWNER 7 122068874 320000 11/1/2005 1733.33 69.565 OWNER OCC 6.5 122110407 320000 12/1/2005 1800 80 OWNER OCC 6.75 122197180 320000 1/1/2006 2100 80 OWNER OCC 7.875 122448392 320000 1/1/2006 2033.33 80 OWNER OCC 7.625 122515817 320000 2/1/2006 2102.17 51.613 OWNER OCC 6.875 122527897 320000 2/1/2006 2320.22 84.21 OWNER OCC 7.875 122556342 320000 2/1/2006 2165.18 80 OWNER OCC 7.75 122570214 320000 2/1/2006 2404.05 80 OWNER OCC 8.25 122552441 320450 2/1/2006 2407.43 85 OWNER OCC 8.25 122558827 320796.58 2/1/2006 1470.33 80 OWNER OCC 5.5 122332702 322498.96 1/1/2006 1982.03 84.646 OWNER OCC 7.375 122154678 322880 12/1/2005 1715.3 80 OWNER OCC 6.375 121733051 322999.99 10/1/2005 1890.9 95 OWNER OCC 7.025 121747622 323000 11/1/2005 1917.81 95 2ND HOME 7.125 122485150 323000 2/1/2006 2367.81 95 OWNER OCC 7.99 122580359 323000 2/1/2006 2686.55 85 OWNER OCC 9.375 121960014 323658.8 2/1/2006 2518.87 85 OWNER OCC 8.625 122339377 323707.1 2/1/2006 2047.9 80 OWNER OCC 6.5 122539867 323903.78 2/1/2006 2222.47 60 OWNER OCC 7.875 122392418 323936.63 1/1/2006 1890 80 OWNER OCC 7 121738904 324000 11/1/2005 1687.5 80 OWNER OCC 6.25 122130372 324000 12/1/2005 1856.25 80 OWNER OCC 6.875 122581812 324000 2/1/2006 2724.37 80 NON-OWNER 9.5 122587064 324000 2/1/2006 2903.37 80 NON-OWNER 10.25 122587175 324000 2/1/2006 2903.37 80 NON-OWNER 10.25 122611006 324000 2/1/2006 2577.89 90 OWNER OCC 8.875 122674747 324000 2/1/2006 1788.75 80 OWNER OCC 6.625 122391260 324800 2/1/2006 2910.54 80 OWNER OCC 10.25 122574925 324800 2/1/2006 2199.17 80 OWNER OCC 8.125 121708632 325000 10/1/2005 1828.13 83.333 OWNER OCC 6.75 122554696 325003.21 1/1/2006 2001.09 55.556 OWNER OCC 6.25 122004733 325600 11/1/2005 1933.25 80 OWNER OCC 7.125 122428958 326160 1/1/2006 2072.48 80 OWNER OCC 7.625 122473262 327051.75 1/1/2006 2516.27 85 OWNER OCC 8.5 122686264 327252.66 1/1/2006 2656.71 85 OWNER OCC 9.1 122303699 327750 1/1/2006 1809.45 75 OWNER OCC 6.625 122580487 327768.5 2/1/2006 2349.83 80 OWNER OCC 7.75 122488762 327899.85 2/1/2006 2015.22 79.995 OWNER OCC 7.375 122049227 328000 11/1/2005 1742.5 80 OWNER OCC 6.375 122143630 328000 12/1/2005 1674.17 80 OWNER OCC 6.125 122271468 328000 2/1/2006 2220.83 80 OWNER OCC 8.125 122444453 328000 2/1/2006 1879.17 80 OWNER OCC 6.875 122478203 328000 2/1/2006 2015.83 80 OWNER OCC 7.375 122358513 328700 1/1/2006 2260.5 80 OWNER OCC 8.25 121767250 328715.41 8/1/2005 2173.81 80 OWNER OCC 6.89 121645560 328740 2/1/2006 1746.43 79.998 OWNER OCC 6.375 122591736 329805.17 2/1/2006 2566.71 80.097 OWNER OCC 8.625 121788075 330850 10/1/2005 1586.04 77.882 OWNER OCC 5.75 122077184 332000 12/1/2005 2213.33 80 OWNER OCC 8 122442379 332000 1/1/2006 2075 80 OWNER OCC 7.5 121935680 332065 9/1/2005 1934.28 79.999 OWNER OCC 6.99 122258691 332377.7 1/1/2006 2096.52 95 OWNER OCC 7.125 122514979 332559.13 2/1/2006 2355.54 80 OWNER OCC 7.625 121740496 333000 9/1/2005 2095.13 90 OWNER OCC 7.55 122325369 333000 2/1/2006 2497.5 90 OWNER OCC 9 122395089 333178 2/1/2006 2537.99 80 OWNER OCC 8.875 122585751 333636 2/1/2006 1953.29 80 OWNER OCC 6.5 121747769 333722.29 10/1/2005 1903.23 80 OWNER OCC 5.5 122493477 334896 2/1/2006 1848.91 80 OWNER OCC 6.625 122492794 335000 2/1/2006 2847.46 100 OWNER OCC 9.625 122631727 335200 2/1/2006 1676 80 OWNER OCC 6 122074920 336000 10/1/2005 1750 84.848 OWNER OCC 6.25 121733138 337000 10/1/2005 1727.13 89.87 OWNER OCC 6.15 122509180 337200 2/1/2006 1791.38 80 OWNER OCC 6.375 121587267 337473.9 7/1/2005 2173.89 90 OWNER OCC 7.73 121747591 337500 12/1/2005 1722.66 75 OWNER OCC 6.125 122503177 337500 2/1/2006 2715.6 90 OWNER OCC 9 122550631 337500 2/1/2006 2868.72 75 OWNER OCC 9.625 122150112 338400 12/1/2005 2115 80 OWNER OCC 7.5 122042093 338800 11/1/2005 1870.46 80 OWNER OCC 6.625 122332701 338815.49 1/1/2006 2313.12 81.314 OWNER OCC 7.25 121732515 339141.43 10/1/2005 2578.25 75.56 OWNER OCC 8.35 122393249 339200 2/1/2006 2313.94 80 OWNER OCC 7.25 122533412 339200 2/1/2006 2232.18 80 OWNER OCC 7.5 122203433 339711 12/1/2005 1946.26 80 OWNER OCC 6.875 121993886 339920 11/1/2005 1805.83 80 OWNER OCC 6.375 121745808 340000 11/1/2005 2125 80 OWNER OCC 7.5 121747571 340000 10/1/2005 1806.25 85 OWNER OCC 6.375 121961521 340000 11/1/2005 1700 80 OWNER OCC 6 122055542 340000 10/1/2005 1912.5 80 OWNER OCC 6.75 122437609 340000 2/1/2006 2674.78 80 OWNER OCC 8.75 122452602 340000 2/1/2006 2177.06 62.963 OWNER OCC 6.625 122478977 340000 2/1/2006 2735.72 80 OWNER OCC 9 122533360 340000 2/1/2006 2174.88 65.385 OWNER OCC 7.25 122310041 340003.2 1/1/2006 2319.4 83.951 OWNER OCC 7.25 122161062 340200 1/1/2006 2516.06 90 OWNER OCC 8.875 122475246 340400 2/1/2006 1950.21 80 OWNER OCC 6.875 122013119 340559.6 1/1/2006 1992.67 80 OWNER OCC 7 122172225 340752.52 12/1/2005 2299.4 79.995 OWNER OCC 7.125 121885050 340975.2 10/1/2005 2391.31 90 NON-OWNER 7.5 122507291 341746.19 2/1/2006 2391.31 74.348 OWNER OCC 7.5 122604632 341822.7 2/1/2006 2813.55 95 OWNER OCC 9.25 122088953 342000 12/1/2005 2422.5 95 OWNER OCC 8.5 122554907 342046 2/1/2006 2482.28 89.997 OWNER OCC 7.875 122395182 342745.44 2/1/2006 2398.31 84.691 OWNER OCC 7.5 122509823 343703.82 2/1/2006 2231.18 80 OWNER OCC 6.75 121738468 344000 9/1/2005 2221.67 80 NON-OWNER 7.75 121961761 344000 2/1/2006 2436.67 80 OWNER OCC 8.5 122238115 344000 2/1/2006 2202.67 80 OWNER OCC 6.625 122221586 344250 1/1/2006 2079.84 85 OWNER OCC 7.25 122428286 345000 2/1/2006 2407.81 69.98 OWNER OCC 8.375 121962508 345996.86 11/1/2005 1982.84 80 OWNER OCC 6.875 122255246 346000 12/1/2005 1802.08 80 OWNER OCC 6.25 122285387 346480 1/1/2006 1876.77 80 OWNER OCC 6.5 122620330 346500 2/1/2006 2218.68 90 OWNER OCC 6.625 121884972 348000 11/1/2005 1776.25 77.333 OWNER OCC 6.125 122202294 348000 12/1/2005 1993.75 80 OWNER OCC 6.875 122495812 348000 2/1/2006 2286.11 80 OWNER OCC 6.875 122635478 348000 2/1/2006 2030 80 OWNER OCC 7 122355314 348800 1/1/2006 2071 80 OWNER OCC 7.125 122103176 349192 12/1/2005 2000.58 80 OWNER OCC 6.875 122126108 349500 1/1/2006 2330 79.995 OWNER OCC 8 122505200 349600 2/1/2006 2148.58 80 OWNER OCC 7.375 122504551 349713.06 2/1/2006 2328.32 62.167 OWNER OCC 6.999 121733002 350000 10/1/2005 1750 63.64 OWNER OCC 6 121928690 350000 2/1/2006 2387.62 74.468 OWNER OCC 7.25 122536542 350000 2/1/2006 2417.36 70 NON-OWNER 7.375 122273277 350003.1 1/1/2006 2598.75 70 OWNER OCC 8.125 121975400 350520 12/1/2005 2665.41 80 OWNER OCC 9.125 122095168 351000 12/1/2005 2047.5 90 OWNER OCC 7 122436455 351124.4 2/1/2006 2516.04 80 OWNER OCC 7.75 122383460 351920 2/1/2006 2016.21 80 OWNER OCC 6.875 122213648 351999.67 12/1/2005 2126.67 80 OWNER OCC 7.25 122262885 352000 2/1/2006 2491.43 74.894 OWNER OCC 7.625 122332662 352000 1/1/2006 2236.67 80 OWNER OCC 7.625 122349831 352000 2/1/2006 2310 80 OWNER OCC 7.875 122503103 352000 2/1/2006 2513.77 80 OWNER OCC 8.25 122552092 352000 2/1/2006 1943.33 80 OWNER OCC 6.625 122627775 352000 2/1/2006 2090 80 OWNER OCC 7.125 122444558 352454.69 2/1/2006 2466.48 85 OWNER OCC 7.5 121506515 352985.02 11/1/2005 2059.68 80 OWNER OCC 7 122474174 353000 2/1/2006 2322.99 65.37 OWNER OCC 7.5 122662687 354000 2/1/2006 2912.27 100 OWNER OCC 9.25 121643032 354745.7 10/1/2005 2546.85 90 NON-OWNER 7.75 122470457 355000 2/1/2006 2173.92 59.167 OWNER OCC 6.875 122350769 355200 2/1/2006 2405 80 OWNER OCC 8.125 122272376 355502.8 1/1/2006 2956.87 90 NON-OWNER 9.375 122198927 356000 2/1/2006 2299.17 80 OWNER OCC 7.75 122249561 356000 1/1/2006 1854.17 80 OWNER OCC 6.25 122358701 356000 1/1/2006 2076.67 80 OWNER OCC 7 122290844 356235.37 1/1/2006 2490.95 95 OWNER OCC 7.5 122456247 357000 2/1/2006 2169.17 66.111 OWNER OCC 6.125 122214586 357304.96 12/1/2005 2383.48 90 OWNER OCC 8 121635896 358142.29 10/1/2005 2822.39 90 NON-OWNER 8.75 122237340 358796 2/1/2006 2447.62 80 OWNER OCC 7.25 122517746 358914.84 12/1/2005 2127.47 45.211 OWNER OCC 5.875 122529892 359000 2/1/2006 2700.29 72.525 OWNER OCC 8.75 122080179 359200 1/1/2006 2092.34 79.259 OWNER OCC 6.99 122528704 359200 2/1/2006 2207.58 80 OWNER OCC 7.375 121553709 359517.71 2/1/2006 2267.71 89.632 OWNER OCC 7.125 122616784 359550 2/1/2006 2635.75 80 OWNER OCC 7.99 122265099 359750.27 2/1/2006 2610.25 80 OWNER OCC 7.875 122524997 359776.24 2/1/2006 2736.26 75 OWNER OCC 8.375 122034679 360000 2/1/2006 1687.5 80 OWNER OCC 5.625 122103845 360000 1/1/2006 2175 80 OWNER OCC 7.25 122184847 360000 1/1/2006 1950 68.571 OWNER OCC 6.5 122206840 360000 12/1/2005 2025 80 OWNER OCC 6.75 122283043 360000 2/1/2006 2025 75 OWNER OCC 6.75 122328656 360000 2/1/2006 2864.32 80 NON-OWNER 8.875 122515460 360000 2/1/2006 2475 80 OWNER OCC 8.25 122556365 360000 2/1/2006 1837.5 80 OWNER OCC 6.125 122576725 360000 2/1/2006 2486.43 80 OWNER OCC 7.375 122622341 360000 2/1/2006 2250 80 OWNER OCC 7.5 122230180 360807.88 1/1/2006 2937.22 95 OWNER OCC 9.125 121733106 361000 10/1/2005 1850.13 95 OWNER OCC 6.15 121994929 362800 11/1/2005 1625.04 80 OWNER OCC 5.375 122614228 363056.69 2/1/2006 2224.14 80 OWNER OCC 6.875 122112913 363077.32 11/1/2005 2391.22 80 OWNER OCC 6.875 122452108 363701.63 2/1/2006 2421.7 80 OWNER OCC 7 122326483 364000 2/1/2006 2237.08 80 OWNER OCC 7.375 121749068 364384.96 12/1/2005 2397.79 78.49 OWNER OCC 6.875 122515155 364419.19 2/1/2006 2776.59 90 OWNER OCC 8.875 121738900 364500 11/1/2005 2202.19 90 OWNER OCC 7.25 122295833 364800 12/1/2005 2052 80 OWNER OCC 6.75 122598080 365450 1/1/2006 2360.2 79.99 OWNER OCC 7.75 122667251 365500 1/1/2006 2132.08 85 OWNER OCC 7 121747630 365750 11/1/2005 2130.49 95 OWNER OCC 6.99 121749013 366262.54 9/1/2005 2952.74 62.25 OWNER OCC 8.99 122398456 367200 12/1/2005 1989 80 OWNER OCC 6.5 122541009 367500 2/1/2006 2728.68 70 OWNER OCC 8.125 122567051 367849.65 2/1/2006 3052.05 80 OWNER OCC 6.75 122284897 367920 1/1/2006 2912.7 80 OWNER OCC 9.5 122467723 368000 2/1/2006 2668.26 80 OWNER OCC 7.875 122510336 368000 2/1/2006 2453.33 80 OWNER OCC 8 122632996 368000 2/1/2006 1955 80 OWNER OCC 6.375 122582202 369514.22 2/1/2006 2777.81 85 OWNER OCC 8.25 122305775 369600 1/1/2006 2425.5 80 OWNER OCC 7.875 121654120 369868.42 10/1/2005 2818.35 90 NON-OWNER 8.375 122451676 369900 2/1/2006 2586.39 79.548 OWNER OCC 7.5 121747931 370500 12/1/2005 2238.44 95 OWNER OCC 7.25 122398452 371184.55 12/1/2005 2015 80 OWNER OCC 6.5 122439167 371812.14 2/1/2006 3094.11 80 OWNER OCC 9.375 121958797 372000 10/1/2005 1860 80 OWNER OCC 6 122686258 372000 1/1/2006 2325 80 OWNER OCC 7.5 122491609 372723.18 2/1/2006 2608.07 79.946 OWNER OCC 7.5 122054263 372800 11/1/2005 1708.67 80 OWNER OCC 5.5 122003840 374400 11/1/2005 1833 80 OWNER OCC 5.875 122177319 374400 2/1/2006 2978.89 80 OWNER OCC 8.875 122584166 374735.32 2/1/2006 2686.55 50.336 OWNER OCC 7.75 121990655 375000 11/1/2005 1992.19 69.188 OWNER OCC 6.375 122266751 375000 2/1/2006 2749.1 82.418 OWNER OCC 8.5 122040449 376000 2/1/2006 2501.54 80 OWNER OCC 7 122494595 377392 2/1/2006 2398.01 80 OWNER OCC 7.625 122214671 377550 12/1/2005 2163.33 80 OWNER OCC 6.875 122175315 377600 12/1/2005 1966.67 80 OWNER OCC 6.25 122521752 377998.75 2/1/2006 2598.75 90 OWNER OCC 8.25 122432605 378000 2/1/2006 2327.41 74.118 OWNER OCC 6.25 122510724 378000 2/1/2006 2047.5 80 OWNER OCC 6.5 122519783 378003.37 2/1/2006 2696.63 90 OWNER OCC 8.5 122079352 379200 11/1/2005 2804.5 80 OWNER OCC 8.875 120893121 380000 2/1/2006 2592.27 64.957 OWNER OCC 7.25 122139001 380000 12/1/2005 2375 95 OWNER OCC 7.5 122398458 380000 12/1/2005 2097.92 80 OWNER OCC 6.625 122550656 380000 2/1/2006 2375 80 OWNER OCC 7.5 122599186 380000 2/1/2006 2177.08 80 OWNER OCC 6.875 122256866 380003.43 1/1/2006 2755.26 80 OWNER OCC 7.875 122428719 382426.11 1/1/2006 2228.06 85 OWNER OCC 6.99 122011309 382500 11/1/2005 2151.56 90 OWNER OCC 6.75 122234215 383076.3 1/1/2006 2209.72 75 OWNER OCC 6.375 122101772 384000 12/1/2005 1960 80 OWNER OCC 6.125 122391811 384000 2/1/2006 2562.54 80 OWNER OCC 7.625 122304080 384254.82 1/1/2006 2888.62 96.974 OWNER OCC 8.25 121970526 385000 11/1/2005 2406.25 89.535 OWNER OCC 7.5 121749032 385970.01 11/1/2005 2478 90 OWNER OCC 6.625 122014496 386000 11/1/2005 2050.63 65.983 OWNER OCC 6.375 121749037 386067.94 11/1/2005 2572.72 84.99 OWNER OCC 7 122378256 386777.35 1/1/2006 3044.53 90 OWNER OCC 8.75 122526829 386953.1 2/1/2006 2908.9 80 OWNER OCC 8.25 121946586 386992.46 11/1/2005 2257.5 90 OWNER OCC 7 122535214 387000 2/1/2006 2546.73 90 OWNER OCC 7.5 122337705 388000 1/1/2006 2425 80 OWNER OCC 7.5 122314285 388803.57 1/1/2006 2751.9 79.918 OWNER OCC 7.625 122367442 389500 2/1/2006 2190.94 95 OWNER OCC 6.75 122446769 389500 2/1/2006 2994.92 95 OWNER OCC 8.5 121749051 390053.5 11/1/2005 2376.97 80 OWNER OCC 6.125 122341065 391600 1/1/2006 2365.92 80 OWNER OCC 7.25 121738537 391998.9 8/1/2005 2450 80 NON-OWNER 7.5 122053311 392000 12/1/2005 2450 80 OWNER OCC 7.5 122504633 392000 2/1/2006 2640.98 80 OWNER OCC 7.125 122522207 392000 2/1/2006 2490.83 80 OWNER OCC 7.625 122527392 392000 2/1/2006 2776.67 80 OWNER OCC 8.5 122508083 392500 2/1/2006 2692.35 86.645 OWNER OCC 7.875 122201340 393300 1/1/2006 2622 90 OWNER OCC 8 122496563 393300 2/1/2006 2703.94 90 OWNER OCC 8.25 121733020 393600 10/1/2005 2033.6 80 OWNER OCC 6.2 122464342 395200 1/1/2006 2387.67 80 OWNER OCC 7.25 121870089 396000 11/1/2005 2640 90 OWNER OCC 8 122524932 396000 2/1/2006 2641.15 90 OWNER OCC 7.62 122585145 396000 2/1/2006 2145 80 OWNER OCC 6.5 122600070 396000 2/1/2006 2227.5 80 OWNER OCC 6.75 122115247 396800 12/1/2005 2190.67 80 OWNER OCC 6.625 122087136 398050 1/1/2006 2778.06 95 OWNER OCC 8.375 122495677 398900 2/1/2006 2857.77 73.193 OWNER OCC 7.75 122553460 399200 1/1/2006 2453.42 80 OWNER OCC 7.375 122338858 399202.2 2/1/2006 2395.8 79.992 OWNER OCC 6 122526476 399500 2/1/2006 3322.84 85 OWNER OCC 9.375 122464808 399757.68 2/1/2006 3075.65 78.431 OWNER OCC 8.5 122180777 399954.42 1/1/2006 2627.72 32.869 OWNER OCC 6.875 122246840 400000 1/1/2006 2291.67 80 OWNER OCC 6.875 122289636 400000 2/1/2006 2398.2 77.67 OWNER OCC 6 122321993 400000 2/1/2006 3290.7 80 OWNER OCC 9.25 122437069 400000 2/1/2006 2583.33 84.211 OWNER OCC 7.75 122444841 400000 2/1/2006 3005.07 80 OWNER OCC 8.25 122478881 400000 2/1/2006 3182.58 80 OWNER OCC 8.875 122558534 400000 2/1/2006 2796.86 75.472 OWNER OCC 7.5 122132634 400704 12/1/2005 2462.66 80 OWNER OCC 7.375 122572156 400814 2/1/2006 2755.6 80 OWNER OCC 8.25 122236394 401000 2/1/2006 2005 74.953 OWNER OCC 6 121738631 401779 11/1/2005 1590.38 80 NON-OWNER 4.75 122628250 402868 2/1/2006 2559.89 80 OWNER OCC 7.625 122147278 403593.37 10/1/2005 2626.83 71.681 OWNER OCC 6.75 122114114 403974.98 12/1/2005 2489.06 90 OWNER OCC 7.375 122335769 404421.18 1/1/2006 3513.38 95 OWNER OCC 9.875 121747858 405000 11/1/2005 2151.56 90 OWNER OCC 6.375 122072217 405000 12/1/2005 2235.94 90 OWNER OCC 6.625 122442793 406066.88 2/1/2006 2703.79 80 OWNER OCC 7 122398454 406479.48 12/1/2005 2607.35 80 OWNER OCC 6.625 122635680 406800 2/1/2006 2542.5 79.999 OWNER OCC 7.5 122300325 407000 1/1/2006 2119.79 54.267 OWNER OCC 6.25 122503436 407120 2/1/2006 2586.91 80 OWNER OCC 7.625 122398019 407200 2/1/2006 2290.5 80 OWNER OCC 6.75 122275341 407865.07 1/1/2006 2684.93 80 OWNER OCC 7.5 122472615 407878.83 2/1/2006 2798.67 80 OWNER OCC 7.875 121879856 408000 11/1/2005 2890 80 OWNER OCC 8.5 122568906 408000 2/1/2006 2295 80 OWNER OCC 6.75 121802923 408566 10/1/2005 2340.74 95 OWNER OCC 6.875 122296751 408850 1/1/2006 2640.49 85 OWNER OCC 7.75 121738610 411177 11/1/2005 2098.72 80 OWNER OCC 6.125 121991798 411847 12/1/2005 2831.45 80 OWNER OCC 8.25 122580058 411919.23 2/1/2006 2703.23 80 OWNER OCC 7.875 122341019 411992 2/1/2006 2673.22 80 OWNER OCC 7.375 121736740 412000 11/1/2005 2403.33 80 NON-OWNER 7 122067204 412000 11/1/2005 2360.42 80 OWNER OCC 6.875 122603136 412000 2/1/2006 2532.08 80 OWNER OCC 7.375 121747939 412490.39 9/1/2005 2288.33 80 OWNER OCC 5.25 122558714 412500 2/1/2006 3544.01 75 NON-OWNER 9.75 122617468 412800 2/1/2006 2279 80 OWNER OCC 6.625 122588102 415200 2/1/2006 2076 80 OWNER OCC 6 121747567 415900 10/1/2005 1906.21 80 OWNER OCC 5.5 122095738 416000 1/1/2006 2166.67 80 OWNER OCC 6.25 122270064 416000 2/1/2006 3309.88 80 OWNER OCC 8.875 122310897 416000 2/1/2006 2556.67 80 OWNER OCC 7.375 122437418 416000 2/1/2006 2737.57 80 OWNER OCC 7.5 122635163 416000 2/1/2006 2426.67 80 OWNER OCC 7 122534083 417750 2/1/2006 2865.55 89.839 OWNER OCC 7.875 122094636 418500 1/1/2006 2615.63 90 OWNER OCC 7.5 122441185 419620.31 2/1/2006 2654.69 80 OWNER OCC 6.5 122490195 419809.64 2/1/2006 2421.61 70 OWNER OCC 6.375 122585248 419845 2/1/2006 2580.3 80 OWNER OCC 7.375 122045900 419973.33 1/1/2006 2406.25 68.293 OWNER OCC 6.875 122484047 420000 2/1/2006 2887.5 80 OWNER OCC 8.25 121823293 423200 12/1/2005 2689.08 79.864 OWNER OCC 7.625 122454365 423200 1/1/2006 2424.58 80 OWNER OCC 6.875 122174842 423243 12/1/2005 2777.53 80 OWNER OCC 7.875 122369319 423973.33 2/1/2006 2473.33 80 OWNER OCC 7 121738623 424000 11/1/2005 2075.84 80 OWNER OCC 5.875 122139142 424000 1/1/2006 2031.67 80 OWNER OCC 5.75 122311631 424000 1/1/2006 2385 80 OWNER OCC 6.75 122667252 424000 11/1/2005 2738.33 80 OWNER OCC 7.75 122579031 424663.59 2/1/2006 2971.66 85 OWNER OCC 7.5 122636140 428000 2/1/2006 2496.67 80 OWNER OCC 7 122356182 430400 2/1/2006 2869.33 80 OWNER OCC 8 121747792 431200 12/1/2005 2290.75 80 OWNER OCC 6.375 121747585 431598.81 11/1/2005 2565 80 NON-OWNER 7.125 122526659 435000 2/1/2006 2446.88 74.359 OWNER OCC 6.75 122230593 436000 1/1/2006 2770.42 80 OWNER OCC 7.625 122385892 436000 1/1/2006 3088.33 80 OWNER OCC 8.5 122494317 436000 2/1/2006 3048.58 80 OWNER OCC 7.5 121784587 436905 9/1/2005 2321.06 95 OWNER OCC 6.375 122667819 439663.52 1/1/2006 2695 80 OWNER OCC 7.35 122310182 439887.5 1/1/2006 2887.5 80 OWNER OCC 7.875 122126878 440000 12/1/2005 2979.17 80 OWNER OCC 8.125 122565897 440000 2/1/2006 2658.33 80 OWNER OCC 7.25 122465362 440100 1/1/2006 2154.66 90 NON-OWNER 5.875 122537854 446400 2/1/2006 2697 80 OWNER OCC 7.25 122395951 447200 2/1/2006 2888.17 80 OWNER OCC 7.75 122206118 448000 12/1/2005 2380 80 OWNER OCC 6.375 121674021 449200 10/1/2005 2203.13 89.641 OWNER OCC 5.875 121747882 449240.93 10/1/2005 2531.25 84.59 2ND HOME 6.75 121748431 449329.97 12/1/2005 3146.47 71.89 OWNER OCC 7.5 121747843 450000 10/1/2005 1968.75 74.38 OWNER OCC 5.25 122362005 450900 1/1/2006 2630.25 90 OWNER OCC 7 122366261 451620.26 2/1/2006 2969.32 80 OWNER OCC 6.875 122074882 451800 10/1/2005 2447.25 79.994 OWNER OCC 6.5 121863824 451909.6 10/1/2005 1977.5 80 OWNER OCC 5.25 122094136 452000 1/1/2006 2495.42 79.298 OWNER OCC 6.625 122172204 452000 1/1/2006 2260 80 OWNER OCC 6 121748276 453150 10/1/2005 2596.17 95 2ND HOME 6.875 122275467 456000 2/1/2006 2042.5 80 OWNER OCC 5.375 121747848 458390.01 10/1/2005 2530.75 80 OWNER OCC 6.625 122255277 459198.66 12/1/2005 2774.33 80 OWNER OCC 7.25 122555148 460000 2/1/2006 2827.08 80 OWNER OCC 7.375 121738487 462000 10/1/2005 2887.5 80 NON-OWNER 7.5 122353371 462000 2/1/2006 3031.88 84.307 OWNER OCC 7.875 122510977 463200 2/1/2006 3377.5 80 OWNER OCC 8.75 122033420 463300 12/1/2005 2654.32 82 OWNER OCC 6.875 121982492 464000 10/1/2005 2416.67 80 OWNER OCC 6.25 122053823 464000 12/1/2005 2465 80 OWNER OCC 6.375 122332727 464000 1/1/2006 2513.33 80 OWNER OCC 6.5 121723176 468000 7/1/2005 2340 80 OWNER OCC 6 122528544 468000 2/1/2006 3113.62 80 OWNER OCC 7 122473964 470800 2/1/2006 2893.46 80 OWNER OCC 7.375 121731071 471800 10/1/2005 2242 80 OWNER OCC 5.7 122074979 472500 10/1/2005 3425.63 90 NON-OWNER 8.7 122065524 472900 11/1/2005 2167.46 64.87 OWNER OCC 5.5 122455189 475000 2/1/2006 3362.02 74.803 OWNER OCC 7.625 121747639 475200 11/1/2005 2475 80 OWNER OCC 6.25 121747648 476000 12/1/2005 2578.33 80 OWNER OCC 6.5 121747699 476000 11/1/2005 2231.25 80 OWNER OCC 5.625 122503590 476000 2/1/2006 2875.83 80 OWNER OCC 7.25 122524815 476000 2/1/2006 3328.26 80 OWNER OCC 7.5 121912074 476250 10/1/2005 3274.22 79.941 OWNER OCC 8.25 122244385 477000 2/1/2006 3428.44 62.763 OWNER OCC 8.625 122398465 477551.2 12/1/2005 2943.13 80 OWNER OCC 6.25 121973494 479200 11/1/2005 2795.33 80 OWNER OCC 7 122396206 479200 2/1/2006 2945.08 80 OWNER OCC 7.375 122483226 479643.77 2/1/2006 3356.23 82.051 OWNER OCC 7.5 121733373 479700 10/1/2005 2598.38 90 OWNER OCC 6.5 122341275 479841.26 2/1/2006 3158.74 75 OWNER OCC 7.5 121569352 480000 10/1/2005 2800 71.111 OWNER OCC 7 122259210 480000 1/1/2006 2500 89.72 OWNER OCC 6.25 122588380 480000 2/1/2006 3382.6 80 OWNER OCC 8.125 122591866 480000 2/1/2006 2800 80 OWNER OCC 7 122634193 480000 2/1/2006 2955.44 80 OWNER OCC 6.25 122548147 483200 2/1/2006 3135.25 80 OWNER OCC 7.375 122489092 484072.53 2/1/2006 3102.31 85 OWNER OCC 6.625 121747936 484500 12/1/2005 2775.78 92.29 OWNER OCC 6.875 121896536 485600 10/1/2005 2225.67 80 OWNER OCC 5.5 122449791 487000 2/1/2006 2765.13 64.933 OWNER OCC 5.5 122393177 487200 2/1/2006 2842 80 OWNER OCC 7 122398463 488000 1/1/2006 2643.33 80 OWNER OCC 6.5 122482791 488000 2/1/2006 2948.33 80 OWNER OCC 7.25 121971182 488750 11/1/2005 3054.69 85 2ND HOME 7.5 121940525 488800 11/1/2005 2393.08 80 OWNER OCC 5.875 122019741 490500 2/1/2006 3065.63 90 OWNER OCC 7.5 122398446 491106.31 12/1/2005 3106.54 80 OWNER OCC 6.49 121736762 492000 11/1/2005 2665 80 OWNER OCC 6.5 122482038 492000 2/1/2006 2921.25 80 OWNER OCC 7.125 122600657 493200 2/1/2006 3448.53 80 OWNER OCC 7.5 121733000 494900.88 10/1/2005 3196.88 90 OWNER OCC 7.75 122273146 494989.44 1/1/2006 3248.44 90 OWNER OCC 7.875 122132398 495000 11/1/2005 3506.25 90 2ND HOME 8.5 122240599 495000 11/1/2005 2681.25 75 NON-OWNER 6.5 121747661 495899.9 8/1/2005 2221.22 80 OWNER OCC 5.375 121749079 497004.93 1/1/2006 3019.82 70 OWNER OCC 6.125 121749071 499071.34 12/1/2005 3119.35 45.45 OWNER OCC 6.375 122349372 499600.16 1/1/2006 3368.59 88.511 OWNER OCC 7.125 122107660 499661.02 1/1/2006 3888.95 64.516 OWNER OCC 8.625 122392654 499880.66 1/1/2006 3713.09 34.483 OWNER OCC 8.625 121738888 499998 11/1/2005 2812.5 68.97 OWNER OCC 6.75 122074911 500000 10/1/2005 2958.33 76.923 OWNER OCC 7.1 122108843 500000 2/1/2006 2760.42 67.659 OWNER OCC 6.625 122398449 500000 12/1/2005 2708.33 80 OWNER OCC 6.5 122447346 500000 2/1/2006 3697.92 65.617 OWNER OCC 8.875 122459200 504000 2/1/2006 3150 80 OWNER OCC 7.5 122190866 508000 1/1/2006 2751.67 80 OWNER OCC 6.5 121939279 510000 11/1/2005 3081.25 85 OWNER OCC 7.25 122031546 511200 10/1/2005 2556 80 OWNER OCC 6 122472730 511525.79 2/1/2006 3194.21 80 OWNER OCC 6.375 122604538 514000 2/1/2006 3525.77 84.959 OWNER OCC 7.875 122062320 515788.89 12/1/2005 2795 80 OWNER OCC 6.5 122562905 520000 2/1/2006 2491.67 80 OWNER OCC 5.75 121738596 523062.01 11/1/2005 2833.27 80 OWNER OCC 6.5 122087476 524000 12/1/2005 2620 80 OWNER OCC 6 122453305 526000 2/1/2006 3725.83 78.507 OWNER OCC 8.5 121747587 532000 12/1/2005 2992.5 80 OWNER OCC 6.75 121747788 532000 12/1/2005 3214.17 95 OWNER OCC 7.25 122369741 536000 1/1/2006 3685 80 OWNER OCC 8.25 122290816 536570.57 2/1/2006 3617.87 89.95 OWNER OCC 7.125 122034862 538773.41 2/1/2006 4145.21 90 OWNER OCC 8.5 122310666 540000 1/1/2006 2868.75 79.412 OWNER OCC 6.375 122569152 540800 2/1/2006 3913.23 80 OWNER OCC 8.375 121748436 544808.03 11/1/2005 3186.31 83.61 OWNER OCC 5.75 121730933 549000 10/1/2005 2882.25 90 OWNER OCC 6.3 121704521 550000 12/1/2005 3437.5 68.75 OWNER OCC 7.5 122207153 560000 12/1/2005 3033.33 80 OWNER OCC 6.5 122476129 564000 2/1/2006 3407.5 80 OWNER OCC 7.25 121852034 565250 11/1/2005 3061.77 95 OWNER OCC 6.5 121780688 569456.97 9/1/2005 4094.3 90 2ND HOME 7.75 121804096 583751.79 10/1/2005 3164.69 95 OWNER OCC 6.5 122667253 586000 1/1/2006 3809 77.616 OWNER OCC 7.8 122317855 591200 1/1/2006 3325.5 80 OWNER OCC 6.75 121571219 600000 10/1/2005 3250 80 OWNER OCC 6.5 122064522 600000 11/1/2005 3187.5 79.893 OWNER OCC 6.375 122243132 608000 2/1/2006 2976.67 80 OWNER OCC 5.875 121748442 617389.84 12/1/2005 3509.31 75 OWNER OCC 5.49 122470799 619200 2/1/2006 3870 80 OWNER OCC 7.5 122626154 620000 2/1/2006 4335.13 80 OWNER OCC 7.5 122482616 636000 2/1/2006 3915.96 80 OWNER OCC 6.25 122206520 640000 1/1/2006 3133.33 73.733 OWNER OCC 5.875 122079981 646358.76 11/1/2005 4040 80 OWNER OCC 7.5 122097834 648400 11/1/2005 4660.38 80 OWNER OCC 8.625 121747672 668041.97 10/1/2005 3809.86 84.94 OWNER OCC 5.5 121747840 674900 10/1/2005 3444.8 90 OWNER OCC 6.125 122192401 689676.35 1/1/2006 3917.4 75 OWNER OCC 6.25 122604579 694929.99 2/1/2006 5657.19 83.369 OWNER OCC 9.125 121747869 700000 12/1/2005 4010.42 70 OWNER OCC 6.875 122248370 720000 12/1/2005 4425 80 OWNER OCC 7.375 121736728 724000 11/1/2005 4223.33 79.99 NON-OWNER 7 122542732 725000 2/1/2006 5109.14 74.359 OWNER OCC 8.125 121906393 750000 11/1/2005 4140.63 50 OWNER OCC 6.625 122268682 756000 1/1/2006 5197.5 80 OWNER OCC 8.25 121736697 806600 10/1/2005 4873.21 80 NON-OWNER 7.25 122058747 840000 2/1/2006 5761.97 80 OWNER OCC 7.875 121732594 118444.82 10/1/2005 883.81 93.31 OWNER OCC 8.95 122658183 325907.82 2/1/2006 2252.68 80 OWNER OCC 7.375 Loan Note Max Periodic Adjustment Performance Loan Number Rate Rate Rate Date Margin Index Loan --------------------------------------------------------------------------------------------------------------------- 122456100 10.25 0 0 00/00/0000 0 F 30/15 121510834 11.375 0 0 00/00/0000 0 F 30/15 121724727 7.6 0 0 00/00/0000 0 F FIXED30 121690576 7.75 0 0 00/00/0000 0 F 30/15 121846358 9.25 0 0 00/00/0000 0 F 30/15 121525121 11.25 0 0 00/00/0000 0 F 30/15 121128748 8.875 0 0 00/00/0000 0 F 30/15 122430931 9.75 0 0 00/00/0000 0 F 30/15 122045490 10.875 0 0 00/00/0000 0 F 30/15 121929816 13 0 0 00/00/0000 0 F FIXED30 121872535 9 0 0 00/00/0000 0 F 30/15 121648712 11.875 0 0 00/00/0000 0 F 30/15 122501681 8.875 0 0 00/00/0000 0 F 30/15 121479604 9.5 0 0 00/00/0000 0 F 30/15 121396008 8 0 0 00/00/0000 0 F 30/15 121369553 9 0 0 00/00/0000 0 F 30/15 121537866 6.5 0 0 00/00/0000 0 F FIXED15 121569719 8.75 0 0 00/00/0000 0 F FIXED15 121963601 8 0 0 00/00/0000 0 F 30/15 122005906 9.75 0 0 00/00/0000 0 F 30/15 121972971 10.125 0 0 00/00/0000 0 F FIXED30 122511357 10.375 0 0 00/00/0000 0 F FIXED30 121351010 9.5 0 0 00/00/0000 0 F 30/15 122532206 8.75 0 0 00/00/0000 0 F 30/15 121174079 9 0 0 00/00/0000 0 F 30/15 121605482 7.625 0 0 00/00/0000 0 F 30/15 121753233 7.625 0 0 00/00/0000 0 F 30/15 121759642 9.625 15.625 6 11/1/2007 6.75 6L 2/6 LIBOR 121958541 10.5 0 0 00/00/0000 0 F FIXED30 121549893 8.25 0 0 00/00/0000 0 F 30/15 122067513 10.375 0 0 00/00/0000 0 F FIXED30 122255188 8.5 0 0 00/00/0000 0 F 30/15 121419278 8.875 0 0 00/00/0000 0 F 30/15 121958688 8.75 0 0 00/00/0000 0 F FIXED30 122472590 11.75 0 0 00/00/0000 0 F FIXED30 121631789 9.375 0 0 00/00/0000 0 F 30/15 122537709 10 16 6 1/1/2008 5.75 6L 2/6 LIBOR 121348417 8.875 0 0 00/00/0000 0 F 30/15 121905995 9.875 0 0 00/00/0000 0 F 30/15 122212580 10.5 0 0 00/00/0000 0 F 30/15 122309841 8.625 0 0 00/00/0000 0 F 30/15 122575193 10.375 0 0 00/00/0000 0 F 30/15 122063877 11.875 0 0 00/00/0000 0 F 30/15 122147585 9.5 0 0 00/00/0000 0 F 30/15 122358980 11.625 0 0 00/00/0000 0 F FIXED15 121298503 6.75 0 0 00/00/0000 0 F FIXED15 121692754 9 0 0 00/00/0000 0 F 30/15 121426503 8.75 0 0 00/00/0000 0 F 30/15 122143268 12.25 0 0 00/00/0000 0 F 30/15 121465117 9 0 0 00/00/0000 0 F FIXED15 121609782 8.75 0 0 00/00/0000 0 F 30/15 122366845 8.75 14.75 6 1/1/2009 6.5 1T 3/1 ARM 121921027 7.625 0 0 00/00/0000 0 F 30/15 121725457 7.25 0 0 00/00/0000 0 F FIXED30 121955103 8.5 14.5 6 10/1/2007 6.75 6L 2/6 LIBOR 121983752 12.25 0 0 00/00/0000 0 F FIXED30 121766047 6.875 0 0 00/00/0000 0 F FIXED15 122494351 8.5 14.5 6 1/1/2009 5.75 6L 3/6 LIBOR 121599481 7.75 0 0 00/00/0000 0 F 30/15 122583291 10 16 6 1/1/2008 6.5 6L 2/6 LIBOR 121926571 10.5 0 0 00/00/0000 0 F 30/15 121933993 7 0 0 00/00/0000 0 F FIXED15 122518591 10.125 0 0 00/00/0000 0 F FIXED15 121543503 8.625 0 0 00/00/0000 0 F 30/15 122184043 9.875 0 0 00/00/0000 0 F FIXED30 122362860 10.375 16.375 6 1/1/2008 7.75 6L 2/6 LIBOR 121712435 8.75 0 0 00/00/0000 0 F FIXED15 121528215 8 0 0 00/00/0000 0 F 30/15 122152282 8.5 14.5 6 11/1/2007 6.75 6L 2/6 LIBOR 122331117 6.625 0 0 00/00/0000 0 F FIXED15 122598298 8.875 0 0 00/00/0000 0 F FIXED30 121283477 11.75 0 0 00/00/0000 0 F 30/15 122292815 6.25 0 0 00/00/0000 0 F FIXED15 122109646 9.875 0 0 00/00/0000 0 F 30/15 121450008 10 0 0 00/00/0000 0 F 30/15 121076525 11.875 0 0 00/00/0000 0 F 30/15 121841744 8.25 0 0 00/00/0000 0 F 30/15 122280428 6.75 0 0 00/00/0000 0 F 30/15 122479977 9.75 0 0 00/00/0000 0 F 30/15 121803698 9.5 0 0 00/00/0000 0 F 30/15 122062717 10 0 0 00/00/0000 0 F 30/15 122196880 6.375 0 0 00/00/0000 0 F 30/15 121374878 8.375 0 0 00/00/0000 0 F 30/15 121445603 9 0 0 00/00/0000 0 F 30/15 121462486 8.875 0 0 00/00/0000 0 F 30/15 122545993 9.625 0 0 00/00/0000 0 F 30/15 122494484 8.5 0 0 00/00/0000 0 F 30/15 121801923 10.25 0 0 00/00/0000 0 F 30/15 122354392 7 0 0 00/00/0000 0 F FIXED15 121099832 10.875 0 0 00/00/0000 0 F 30/15 122053051 9.875 0 0 00/00/0000 0 F FIXED15 122185581 9.75 15.75 6 1/1/2008 6.5 6L 2/6 LIBOR 122597630 7.625 12.625 5 1/1/2011 3.25 6L 5/6 LIBOR 122386893 9.875 15.875 6 12/1/2008 6.5 6L 2/6 LIBOR 121803961 9.125 0 0 00/00/0000 0 F 30/15 121814589 7.875 0 0 00/00/0000 0 F 30/15 121725214 8.15 0 0 00/00/0000 0 F FIXED30 121262529 9.5 0 0 00/00/0000 0 F 30/15 121235052 10.125 0 0 00/00/0000 0 F 30/15 121647327 10.25 0 0 00/00/0000 0 F 30/15 122223243 8 0 0 00/00/0000 0 F 30/15 122184621 10 0 0 00/00/0000 0 F FIXED30 121939538 8.625 14.625 6 11/1/2007 6.5 6L 2/6 LIBOR 122277660 10.5 0 0 00/00/0000 0 F FIXED30 121425184 9.875 0 0 00/00/0000 0 F 30/15 122383660 10 16 6 12/1/2007 6.5 6L 2/6 LIBOR 122092895 10.5 16.5 6 1/1/2008 5.75 6L 2/6 LIBOR 121822524 7.75 0 0 00/00/0000 0 F 30/15 122428862 11 0 0 00/00/0000 0 F 30/15 121695564 7.375 0 0 00/00/0000 0 F 30/15 122394720 8.625 14.625 6 1/1/2008 6.5 6L 2/6 LIBOR 122430776 8.875 14.875 6 1/1/2008 6.5 6L 2/6 LIBOR 121591917 7.625 0 0 00/00/0000 0 F FIXED15 121511985 9.625 0 0 00/00/0000 0 F 30/15 121872880 9.375 0 0 00/00/0000 0 F 30/15 121888724 6.625 0 0 00/00/0000 0 F 30/15 122059207 8.875 14.875 6 11/1/2007 6.5 6L 2/6 LIBOR 122360713 9 15 6 1/1/2008 6.5 6L 2/6 LIBOR 122358836 10.125 0 0 00/00/0000 0 F FIXED30 122348317 10.5 16.5 6 1/1/2008 7 6L 2/6 LIBOR 121511644 7.25 0 0 00/00/0000 0 F FIXED15 121852850 8.125 0 0 00/00/0000 0 F FIXED15 121943025 8.925 14.925 6 10/1/2007 6.5 6L 2/6 LIBOR 121725184 8.05 0 0 00/00/0000 0 F FIXED30 121521150 9.5 0 0 00/00/0000 0 F 30/15 122012466 7.25 0 0 00/00/0000 0 F 30/15 122522542 8.375 14.375 6 1/1/2008 5.25 6L 2/6 LIBOR 121570916 9.375 0 0 00/00/0000 0 F 30/15 121843866 9.75 0 0 00/00/0000 0 F 30/15 122542876 8.8 0 0 00/00/0000 0 F FIXED30 122570741 11.25 0 0 00/00/0000 0 F FIXED30 122269913 8.875 0 0 00/00/0000 0 F FIXED40/30 122372619 9.5 15.5 6 1/1/2008 6.375 6L 2/6 LIBOR 122389022 7.5 0 0 00/00/0000 0 F FIXED15 122512573 6.75 0 0 00/00/0000 0 F 30/15 122544838 9.75 15.75 6 1/1/2008 6.5 6L 2/6 LIBOR 122451994 9 15 6 1/1/2008 5.75 6L 2/6 LIBOR 121565865 7 0 0 00/00/0000 0 F FIXED15 122096436 11 0 0 00/00/0000 0 F 30/15 121667766 7.375 0 0 00/00/0000 0 F 30/15 121782881 9.5 0 0 00/00/0000 0 F FIXED30 122086309 9.75 15.75 6 11/1/2007 7.125 6L 2/6 LIBOR 122119072 8.25 14.25 6 12/1/2007 5.75 6L 2/6 LIBOR 122274140 9.375 15.375 6 1/1/2008 6.75 6L 2/6 LIBOR 122454827 9.75 15.75 6 12/1/2007 5.75 6L 2/6 LIBOR 122429356 8.625 14.625 6 1/1/2008 6.5 6L 2/6 LIBOR 121724717 9.4 0 0 00/00/0000 0 F FIXED30 122074953 10.4 0 0 00/00/0000 0 F 30/15 121374852 7.625 0 0 00/00/0000 0 F 30/15 121525110 10.5 0 0 00/00/0000 0 F 30/15 121822633 9.5 15.5 6 10/1/2007 6.5 6L 2/6 LIBOR 121388655 9.5 15.5 6 9/1/2007 6.5 6L 2/6 LIBOR 122477647 9.875 15.875 6 1/1/2008 5.25 6L 2/6P LIBOR 122378713 7.625 13.625 6 1/1/2008 6 6L 2/6 LIBOR 122439397 8.625 14.625 6 1/1/2008 6.75 6L 2/6 LIBOR 122391263 9.375 15.375 6 1/1/2009 5.75 1T 3/1 ARM 122436029 7.75 13.75 6 1/1/2008 5.75 6L 2/6 LIBOR 122611165 11.75 17.75 6 1/1/2008 6.5 6L 2/6 LIBOR 122654502 8 0 0 00/00/0000 0 F FIXED30 122522727 12 0 0 00/00/0000 0 F FIXED30 122463076 10.25 0 0 00/00/0000 0 F FIXED40/30 122329071 9.625 15.625 6 1/1/2008 6.5 6L 2/6 LIBOR 121671616 8.5 0 0 00/00/0000 0 F 30/15 121724729 7.25 0 0 00/00/0000 0 F FIXED20 121768513 8.875 0 0 00/00/0000 0 F 30/15 122020905 8.375 14.375 6 10/1/2007 6.5 6L 2/6 LIBOR 122445455 7 0 0 00/00/0000 0 F 30/15 122218222 10.25 0 0 00/00/0000 0 F FIXED30 122392183 10.875 0 0 00/00/0000 0 F FIXED30 122381956 9.625 15.625 6 1/1/2008 5.75 6L 2/6 LIBOR 122667248 12.5 0 0 00/00/0000 0 F 30/15 122309326 9.25 0 0 00/00/0000 0 F 30/15 121961968 9.5 15.5 6 11/1/2007 6.5 6L 2/6 LIBOR 122256518 11.5 17.5 6 1/1/2008 7.75 6L 2/6 LIBOR 122044108 9.25 15.25 6 11/1/2007 6.75 6L 2/6 LIBOR 122051649 9.25 15.25 6 11/1/2007 6.75 6L 2/6 LIBOR 122376623 9.625 0 0 00/00/0000 0 F FIXED30 122606446 7.875 13.875 6 1/1/2009 5.25 6L 3/6 LIBOR 122482795 8.25 0 0 00/00/0000 0 F 30/15 122202553 9.25 15.25 6 12/1/2007 7.5 6L 2/6 LIBOR 122056882 10.5 0 0 00/00/0000 0 F 30/15 121830229 9.5 15.5 6 10/1/2007 6.5 6L 2/6 LIBOR 121466685 8.5 0 0 00/00/0000 0 F 30/15 122580612 7.5 13.5 6 1/1/2008 5.75 6L 2/6 LIBOR 121724599 8.5 0 0 00/00/0000 0 F FIXED15 122558082 9.25 15.25 6 1/1/2008 5.75 6L 2/6 LIBOR 122184075 12.375 18.375 6 12/1/2007 5.75 6L 2/6 LIBOR 121313145 7.125 0 0 00/00/0000 0 F FIXED15 121543130 10 0 0 00/00/0000 0 F 30/15 122329326 9.375 15.375 6 1/1/2008 6.5 6L 2/6 LIBOR 121770826 9.875 0 0 00/00/0000 0 F 30/15 121805254 8.375 14.375 6 9/1/2007 6.125 6F IO 2/6 LIB 122121108 8.75 14.75 6 11/1/2007 6.5 6L 2/6 LIBOR 121447896 9.625 0 0 00/00/0000 0 F 30/15 121505677 8.625 0 0 00/00/0000 0 F 30/15 121575866 9.25 0 0 00/00/0000 0 F 30/15 121481920 9.25 0 0 00/00/0000 0 F 30/15 122430932 7.25 0 0 00/00/0000 0 F FIXED15 121655063 8.75 0 0 00/00/0000 0 F 30/15 121710087 8.75 0 0 00/00/0000 0 F 30/15 122438719 7.875 13.875 6 12/1/2007 6.75 6L 2/6 LIBOR 121862584 10.25 0 0 00/00/0000 0 F 30/15 122279725 10.375 0 0 00/00/0000 0 F 30/15 121748428 10.7 17.7 7 11/1/2007 6.99 6L 2/6 LIBOR 122264438 6.75 0 0 00/00/0000 0 F FIXED15 122435697 7.5 0 0 00/00/0000 0 F 30/15 122483616 7.75 0 0 00/00/0000 0 F FIXED30 122497396 8.625 0 0 00/00/0000 0 F 30/15 122558185 8.875 0 0 00/00/0000 0 F FIXED15 122590872 7 0 0 00/00/0000 0 F 30/15 121748435 8.8 15.8 7 11/1/2007 4.6 6L 2/6 LIBOR 122021258 9.875 15.875 6 10/1/2007 6.25 6L 2/6 LIBOR 121748268 8.75 14.75 6 11/1/2007 7.75 6L 2/6 LIBOR 122486068 9.625 0 0 00/00/0000 0 F FIXED30 122508320 8.375 14.375 6 1/1/2008 5.875 6F IO 2/6 LIB 121748138 6.875 12.875 6 8/1/2007 5.875 6L 2/6 LIBOR 121725030 8.55 0 0 00/00/0000 0 F FIXED30 121625682 7.375 0 0 00/00/0000 0 F 30/15 122390138 7.125 0 0 00/00/0000 0 F 30/15 122459712 9 15 6 1/1/2008 7.25 6L 2/6 LIBOR 122446004 8.375 14.375 6 1/1/2008 6.125 6L 2/6 LIBOR 122008901 8.375 0 0 00/00/0000 0 F 30/15 121685896 9.125 0 0 00/00/0000 0 F 30/15 121960517 7.625 0 0 00/00/0000 0 F 30/15 122452353 9.375 15.375 6 1/1/2008 5.5 6L 2/6 LIBOR 122335941 10.5 16.5 6 12/1/2007 6.875 6L 2/6 LIBOR 122447713 9.5 15.5 6 1/1/2008 6.5 6L 2/6 LIBOR 122555842 10.125 16.125 6 1/1/2008 5.5 6L 2/6 LIBOR 121749049 7.375 13.375 6 10/1/2007 6.375 6L 2/6 LIB 122474312 6.5 0 0 00/00/0000 0 F FIXED15 122381994 7.875 13.875 6 1/1/2009 5.5 6L 3/6 LIBOR 121984928 6.875 0 0 00/00/0000 0 F 30/15 121307361 7 0 0 00/00/0000 0 F 30/15 121748311 8 14 6 10/1/2007 7 6L 2/6 LIBOR 122571454 8.875 14.875 6 1/1/2008 6.25 6L 2/6 LIBOR 121748218 7.25 13.25 6 10/1/2007 6.25 6L 2/6 LIBOR 121863819 9.625 0 0 00/00/0000 0 F 30/15 122511737 11.5 17.5 6 1/1/2008 6.75 6L 2/6 LIBOR 122509048 9.625 0 0 00/00/0000 0 F FIXED40/30 121725463 7.88 0 0 00/00/0000 0 F FIXED30 121856395 8 14 6 9/1/2007 6.25 6L 2/6 LIBOR 122083505 9.25 15.25 6 10/1/2007 6.25 6L 2/6 LIBOR 122254074 9.875 0 0 00/00/0000 0 F FIXED30 122169453 8.625 0 0 00/00/0000 0 F FIXED30 122537395 9.375 15.375 6 1/1/2009 6.25 6L 3/6 LIBOR 122381324 11.5 0 0 00/00/0000 0 F FIXED30 121754841 8.375 0 0 00/00/0000 0 F 30/15 121857581 8.625 0 0 00/00/0000 0 F 30/15 121748199 7.25 13.25 6 10/1/2007 6.25 6L 2/6 LIBOR 121951985 9 0 0 00/00/0000 0 F 30/15 122393891 8.5 0 0 00/00/0000 0 F FIXED30 122510128 6.75 0 0 00/00/0000 0 F 30/15 122134638 8.75 0 0 00/00/0000 0 F FIXED30 122067676 9.625 0 0 00/00/0000 0 F FIXED30 122518150 6.875 0 0 00/00/0000 0 F FIXED30 122063761 8.375 14.375 6 11/1/2007 6.25 6L 2/6 LIBOR 122079574 8.375 14.375 6 11/1/2007 6.25 6L 2/6 LIBOR 122282235 8.875 14.875 6 1/1/2008 5.75 6L 2/6 LIBOR 122491526 8.875 0 0 00/00/0000 0 F FIXED30 121724713 8.8 0 0 00/00/0000 0 F FIXED30 121846498 7.875 0 0 00/00/0000 0 F FIXED15 122609795 8.25 14.25 6 1/1/2008 5.5 6L 2/6 LIBOR 122543123 9.875 0 0 00/00/0000 0 F FIXED30 121748213 8.25 14.25 6 10/1/2007 7.25 6L 2/6 LIBOR 122488747 8.375 14.375 6 1/1/2009 5.5 6L 3/6 LIBOR 121748237 8.75 0 0 00/00/0000 0 F FIXED30 121839326 8.75 14.75 6 10/1/2010 6.75 6L 5/6 LIBOR 122391640 7.25 0 0 00/00/0000 0 F IO F30/120 122344736 11.125 0 0 00/00/0000 0 F FIXED30 122370814 10.125 16.125 6 1/1/2008 5.5 6L 2/6 LIBOR 122508060 9.75 15.75 6 1/1/2008 5.875 6L 2/6 LIBOR 122484227 8.75 14.75 6 1/1/2008 5.5 6L 2/6 LIBOR 122596521 11.25 0 0 00/00/0000 0 F FIXED30 122510800 8.625 14.625 6 1/1/2008 6.25 6L 2/6 LIBOR 121968568 9.625 0 0 00/00/0000 0 F 30/15 122370207 9.25 15.25 6 12/1/2007 5.5 6L 2/6 LIBOR 122464914 8.625 14.625 6 1/1/2008 5.75 6L 2/6 LIBOR 122539813 9.5 0 0 00/00/0000 0 F FIXED30 121743904 6 0 0 00/00/0000 0 F FIXED15 122501077 7.5 13.5 6 1/1/2008 5.875 6F IO 2/6 LIB 121601622 6.75 0 0 00/00/0000 0 F FIXED15 122332868 11.375 17.375 6 1/1/2008 7.625 6L 2/6 LIBOR 122391420 7.25 12.25 5 1/1/2011 5.25 6L 5/6 LIBOR 121619989 8.375 0 0 00/00/0000 0 F 30/15 121141491 8 0 0 00/00/0000 0 F 30/15 122091985 7.5 13.5 6 10/1/2007 6.25 6L 2/6 LIBOR 121576358 6.875 0 0 00/00/0000 0 F 30/15 122479576 6.75 0 0 00/00/0000 0 F FIXED15 121748265 7.875 13.875 6 11/1/2007 6.875 6L 2/6 LIBOR 121892459 9.125 0 0 00/00/0000 0 F 30/15 121748309 7.375 13.375 6 10/1/2008 6.375 6L 3/6 LIBOR 122155928 8.25 14.25 6 10/1/2007 6.25 6L 2/6 LIBOR 121977502 7.625 0 0 00/00/0000 0 F 30/15 122368191 7.875 13.875 6 1/1/2008 4.25 6L 2/6P LIBOR 121947931 10.875 0 0 00/00/0000 0 F FIXED30 122498745 9.25 15.25 6 1/1/2008 6.5 6L 2/6P LIBOR 122113650 11 17 6 12/1/2007 5.75 6L 2/6 LIBOR 122321797 8.5 14.5 6 12/1/2007 5.875 6F IO 2/6 LIB 122494394 8.25 14.25 6 1/1/2008 5.5 6L 2/6 LIBOR 122587549 7.625 0 0 00/00/0000 0 F 30/15 122616687 10 16 6 1/1/2008 5.5 6L 2/6 LIBOR 122583676 10.375 0 0 00/00/0000 0 F FIXED30 122287398 11.56 17.56 6 1/1/2008 7.5 6L 2/6 LIBOR 122056780 9.625 15.625 6 11/1/2007 6.625 6F IO 2/6 LIB 122302390 8.75 14.75 6 12/1/2007 5.5 6L 2/6 LIBOR 122225406 10.25 16.25 6 1/1/2008 6.25 6L 2/6 LIBOR 121748242 8.875 14.875 6 11/1/2007 7.875 6L 2/6 LIBOR 122157978 6.75 0 0 00/00/0000 0 F FIXED15 122139937 7 0 0 00/00/0000 0 F FIXED15 121998003 6.375 0 0 00/00/0000 0 F FIXED30 121748999 5.75 11.75 6 6/1/2007 4.75 6L 2/6 LIBOR 122314008 9.375 0 0 00/00/0000 0 F 30/15 122439298 10.5 16.5 6 1/1/2008 6.25 6L 2/6 LIBOR 122354139 8.5 0 0 00/00/0000 0 F FIXED30 121359480 6.375 0 0 00/00/0000 0 F 30/15 122503977 7.25 13.25 6 1/1/2008 5.5 6L 2/6 LIBOR 122607060 8.75 14.75 6 1/1/2008 5.5 6L 2/6 LIBOR 122615954 9.25 0 0 00/00/0000 0 F FIXED30 121748263 9.625 15.625 6 11/1/2007 8.625 6L 2/6 LIBOR 122310798 9.875 0 0 00/00/0000 0 F FIXED15 122468274 8.325 14.325 6 1/1/2009 5.875 1T 3/1 ARM 121748289 8.625 14.625 6 11/1/2008 7.625 6L 3/6 LIBOR 122535037 9.75 15.75 6 1/1/2008 5.5 6L 2/6 LIBOR 122452951 9.25 15.25 6 1/1/2008 6.5 6L 2/6 LIBOR 122471060 11.75 17.75 6 1/1/2008 7.5 6L 2/6 LIBOR 122118219 8.75 0 0 00/00/0000 0 F FIXED30 121724698 7.7 0 0 00/00/0000 0 F FIXED30 122594883 8.25 14.25 6 1/1/2008 5.25 6L 2/6 LIBOR 122372976 8.5 14.5 6 1/1/2008 5.5 6L 2/6 LIBOR 122394320 11.25 17.25 6 1/1/2008 6.25 6L 2/6 LIBOR 122547985 8.125 14.125 6 1/1/2008 5.5 6L 2/6 LIBOR 122636775 7.75 0 0 00/00/0000 0 F FIXED30 122351940 8 14 6 1/1/2008 5.5 6L 2/6 LIBOR 121335452 7.75 0 0 00/00/0000 0 F 30/15 121747609 6 12 6 9/1/2008 5 6L 3/6 LIBOR 121725006 6.8 0 0 00/00/0000 0 F FIXED15 122149877 10 0 0 00/00/0000 0 F 30/15 121724886 6.65 0 0 00/00/0000 0 F FIXED30 122527432 8.625 14.625 6 1/1/2008 5.5 6L 2/6 LIBOR 122500513 7.5 13.5 6 1/1/2008 5.5 6L 2/6 LIBOR 122216679 8.25 0 0 00/00/0000 0 F 30/15 122485401 10.125 16.125 6 1/1/2008 5.5 6L 2/6 LIBOR 121671748 8.375 0 0 00/00/0000 0 F 30/15 122480629 7 0 0 00/00/0000 0 F 30/15 121724839 7.15 0 0 00/00/0000 0 F FIXED30 122451497 8.875 14.875 6 12/1/2007 5.5 6L 2/6 LIBOR 122370515 11.75 17.75 6 1/1/2008 7.5 6L 2/6 LIBOR 121859380 10.5 0 0 00/00/0000 0 F 30/15 121748294 6.625 12.625 6 8/1/2008 5.625 6L 3/6 LIBOR 122563524 9.875 15.875 6 1/1/2008 5.5 6L 2/6 LIBOR 122116599 7.625 13.625 6 11/1/2007 5.75 6F IO 2/6 LIB 122580999 7.375 0 0 00/00/0000 0 F FIXED30 122459389 6.5 0 0 00/00/0000 0 F 30/15 121724794 7 0 0 00/00/0000 0 F FIXED30 122076068 7.5 13.5 6 10/1/2007 6.25 6L 2/6 LIBOR 122634400 9.875 15.875 6 1/1/2008 5.875 6L 2/6 LIBOR 121874904 9.125 15.125 6 10/1/2010 6.75 6L IO 5/6 LIB 122370386 7.625 13.625 6 1/1/2008 5.875 6L 2/6 LIBOR 122192483 8.25 14.25 6 11/1/2007 6.25 6L 2/6 LIBOR 122192907 8.25 14.25 6 11/1/2007 6.25 6L 2/6 LIBOR 121877869 10 0 0 00/00/0000 0 F FIXED30 121748173 7.75 13.75 6 9/1/2008 6.75 6L 3/6 LIBOR 121747979 6.375 12.375 6 11/1/2007 5.375 6L 2/6 LIBOR 122067249 10 16 6 11/1/2007 5.5 6L 2/6 LIBOR 121937408 8.875 14.875 6 1/1/2009 5.5 6L 3/6 LIBOR 121969468 8.375 14.375 6 10/1/2007 6.125 6F IO 2/6 LIB 122382127 8.125 14.125 6 1/1/2008 5.875 6F IO 2/6 LIB 122267636 7.875 13.875 6 12/1/2007 5.5 6L 2/6LI40/30 122281488 9.25 0 0 00/00/0000 0 F FIXED30 121725292 7 0 0 00/00/0000 0 F FIXED30 121748347 9 15 6 11/1/2008 8 6L 3/6 LIBOR 121329912 8.125 0 0 00/00/0000 0 F 30/15 121748325 9 15 6 11/1/2007 8 6L 2/6 LIBOR 121747959 7.625 13.625 6 11/1/2007 6.625 6L 2/6 LIBOR 121971319 6.75 0 0 00/00/0000 0 F FIXED15 122160580 10.75 16.75 6 1/1/2008 5.5 6L 2/6 LIBOR 121701531 7.75 0 0 00/00/0000 0 F 30/15 121545224 9 0 0 00/00/0000 0 F 30/15 121659943 9.875 0 0 00/00/0000 0 F 30/15 122493447 8.25 14.25 6 1/1/2008 5.5 6L 2/6 LIBOR 122531197 9.75 0 0 00/00/0000 0 F FIXED30 122535079 10.375 16.375 6 1/1/2008 5.5 6L 2/6 LIBOR 122535644 9.625 15.625 6 1/1/2009 7.25 6L 3/6 LIBOR 122568341 11.75 17.75 6 1/1/2008 7.5 6L 2/6 LIBOR 122460352 8.375 14.375 6 1/1/2009 5.875 6L 3/6 LIBOR 121725270 7.35 0 0 00/00/0000 0 F FIXED30 121748304 7.875 13.875 6 9/1/2008 6.875 6L 3/6 LIBOR 121725455 7.7 0 0 00/00/0000 0 F FIXED30 122559016 8.5 14.5 6 1/1/2008 5.875 6L 2/6 LIBOR 122464641 12.25 18.25 6 1/1/2008 7.5 6L 2/6 LIBOR 121740708 6.875 0 0 00/00/0000 0 F FIXED30 122621972 8.5 14.5 6 1/1/2009 5.5 6L 3/6 LIBOR 122267322 8.25 14.25 6 1/1/2008 5.5 6L 2/6 LIBOR 122084732 7.75 13.75 6 11/1/2007 5.75 6F IO 2/6 LIB 122174318 8.625 14.625 6 1/1/2008 5.875 6F IO 2/6 LIB 121748331 8.5 14.5 6 10/1/2007 7.5 6L 2/6 LIBOR 122101827 9.625 15.625 6 11/1/2007 6.25 6F IO 2/6 LIB 122657047 6.75 0 0 00/00/0000 0 F FIXED15 121732602 7.35 14.35 7 9/1/2008 5.6 6L 3/6 LIB 121748252 9.25 15.25 6 11/1/2007 8.25 6L 2/6 LIBOR 122563989 9.25 0 0 00/00/0000 0 F FIXED30 122573900 8 14 6 1/1/2008 5.5 6L 2/6 LIBOR 122241430 9.75 15.75 6 11/1/2007 6.25 6L 2/6 LIBOR 122437700 7.875 0 0 00/00/0000 0 F FIXED30 122546151 10.125 16.125 6 1/1/2008 5.5 6L 2/6 LIBOR 122336420 10.625 16.625 6 1/1/2008 5.5 6L 2/6 LIBOR 122564359 8.875 14.875 6 1/1/2008 5.5 6L 2/6 LIBOR 122391789 7.5 13.5 6 1/1/2008 3.25 6L 2/6 LIBOR 121725333 6.2 0 0 00/00/0000 0 F FIXED30 122190375 8.5 14.5 6 11/1/2008 6.25 6L IO 3/6 LIB 121782036 8.375 0 0 00/00/0000 0 F 30/15 121748258 8.875 14.875 6 11/1/2007 7.875 6L 2/6 LIBOR 122355927 8.5 14.5 6 1/1/2008 5.5 6L 2/6 LIBOR 122485102 8.25 14.25 6 12/1/2007 5.5 6L 2/6 LIBOR 121732500 7.3 14.3 7 9/1/2008 5.55 6L 3/6 LIB 121640959 6.125 0 0 00/00/0000 0 F 30/15 122428772 8.25 14.25 6 1/1/2008 5.5 6L 2/6 LIBOR 122597267 7.5 0 0 00/00/0000 0 F FIXED30 122616325 8 14 6 1/1/2009 5.25 1T 3/1 ARM 121292560 9.875 0 0 00/00/0000 0 F 30/15 122345284 8.375 14.375 6 1/1/2008 5.5 6L 2/6 LIBOR 121748308 7.625 13.625 6 10/1/2008 6.625 6L 3/6 LIBOR 121748285 7.875 13.875 6 10/1/2007 6.875 6L 2/6 LIBOR 122075005 7.7 13.7 6 9/1/2007 6.7 6L 2/6 LIBOR 121325628 6.25 0 0 00/00/0000 0 F 30/15 121732527 9.375 16.375 7 9/1/2008 7 6L 3/6 LIB 122428196 7.625 0 0 00/00/0000 0 F IO F30/120 122491574 7.875 0 0 00/00/0000 0 F 30/15 122521504 5.875 0 0 00/00/0000 0 F FIXED15 122574378 6.25 0 0 00/00/0000 0 F 30/15 122597907 9.5 15.5 6 1/1/2008 5.5 6L 2/6 LIBOR 122366714 10.5 16.5 6 1/1/2008 5.5 6L 2/6 LIBOR 122504808 8.625 14.625 6 1/1/2009 5.5 6L 3/6 LIBOR 121638732 6.25 0 0 00/00/0000 0 F 30/15 121748166 7.75 13.75 6 9/1/2007 6.75 6L 2/6 LIBOR 122472726 8.875 14.875 6 1/1/2008 5.5 6L 2/6 LIBOR 122570389 8.5 14.5 6 1/1/2008 5.75 6L 2/6 LIBOR 122549470 8.75 14.75 6 1/1/2008 5.5 6L 2/6 LIBOR 122506643 10.75 0 0 00/00/0000 0 F 30/15 121828259 8.25 14.25 6 9/1/2007 6.5 6L 2/6 LIBOR 121730936 5.45 11.45 6 9/1/2007 4.95 6L 2/6 LIBOR 122506984 9.625 15.625 6 1/1/2008 5.875 6L 2/6 LIBOR 122264526 9.5 0 0 00/00/0000 0 F FIXED30 122471717 10.375 16.375 6 1/1/2008 7.5 6L 2/6 LIBOR 122617138 7.125 0 0 00/00/0000 0 F FIXED30 122558504 7.875 13.875 6 1/1/2008 5.5 6L 2/6 LIBOR 122565676 9.25 15.25 6 1/1/2008 6.5 6L 2/6 LIBOR 121725332 7.5 0 0 00/00/0000 0 F FIXED30 121914126 7.75 0 0 00/00/0000 0 F 30/15 122490804 8.875 14.875 6 1/1/2008 6.25 6L 2/6 LIBOR 122596728 9.5 15.5 6 1/1/2008 6.25 6L 2/6 LIBOR 121748239 7.5 13.5 6 11/1/2008 6.5 6L 3/6 LIBOR 122264933 10.625 16.625 6 1/1/2009 5.5 6L 3/6LI40/30 121748245 8.25 14.25 6 11/1/2007 7.25 6L IO 2/6 LIB 121732556 8 15 7 9/1/2008 6.25 6L IO 3/6 LIB 121748229 6.5 12.5 6 11/1/2007 5.5 6L IO 2/6 LIB 122272302 9.75 15.75 6 1/1/2008 6.25 6L 2/6 LIBOR 122080444 7 0 0 00/00/0000 0 F FIXED30 122509148 7.875 0 0 00/00/0000 0 F FIXED30 122454813 11.5 17.5 6 1/1/2009 7.25 6L 3/6 LIBOR 122198526 8.75 14.75 6 1/1/2008 5.875 6F IO 2/6 LIB 122531612 11.75 17.75 6 1/1/2008 7.5 6L 2/6 LIBOR 122542573 10.375 0 0 00/00/0000 0 F FIXED40/30 122121419 7.125 0 0 00/00/0000 0 F FIXED30 122065238 6.75 0 0 00/00/0000 0 F 30/15 122336279 7.375 0 0 00/00/0000 0 F 30/15 121748333 7.5 13.5 6 11/1/2007 6.5 6L 2/6 LIBOR 122554960 6.4 12.4 6 1/1/2008 5.875 6F IO 2/6 LIB 122360249 7.875 0 0 00/00/0000 0 F FIXED30 122500276 9 15 6 12/1/2007 6.25 6L 2/6 LIBOR 122324378 8.75 14.75 6 1/1/2008 6.25 6L 2/6 LIBOR 122597156 8.75 14.75 6 1/1/2008 5.5 6L 2/6 LIBOR 121748323 7.5 13.5 6 10/1/2007 6.5 6L 2/6 LIBOR 121725119 7.4 0 0 00/00/0000 0 F FIXED30 122611482 7.75 13.75 6 1/1/2008 5.5 6L 2/6 LIBOR 122040930 6.5 0 0 00/00/0000 0 F FIXED15 121748326 7.5 13.5 6 10/1/2007 6.5 6L 2/6 LIBOR 121740494 7.8 13.8 6 9/1/2007 5.99 6L 2/6 LIBOR 122532180 9.125 15.125 6 1/1/2008 5.5 6L 2/6 LIBOR 122514179 8.5 14.5 6 1/1/2008 5.5 6L 2/6 LIBOR 121732582 7.05 14.05 7 9/1/2008 5.7 6L IO 3/6 LIB 122508844 8.625 14.625 6 1/1/2009 5.5 6L 3/6 LIBOR 122280332 7 13 6 12/1/2007 6.5 6L 2/6 LIBOR 122547735 6.5 0 0 00/00/0000 0 F 30/15 122569630 7.625 13.625 6 1/1/2008 4.25 6L 2/6 LIBOR 122501708 8.125 14.125 6 12/1/2008 5.5 6L 3/6LI40/30 122284213 11.375 0 0 00/00/0000 0 F FIXED15 122430450 8.75 0 0 00/00/0000 0 F 30/15 122440259 6.75 12.75 6 1/1/2008 5.5 6L 2/6 LIBOR 122441119 8.375 0 0 00/00/0000 0 F 30/15 121725358 5.6 0 0 00/00/0000 0 F FIXED15 122478740 7.375 13.375 6 1/1/2008 5.5 6L 2/6 LIBOR 122446722 9.375 15.375 6 1/1/2008 5.5 6L 2/6 LIBOR 121748337 6.75 12.75 6 11/1/2008 5.75 6L 3/6 LIBOR 122431157 8 14 6 1/1/2008 5.5 6L 2/6 LIBOR 122465901 7.625 13.625 6 12/1/2007 5.875 6L 2/6 LIBOR 122085453 9.25 15.25 6 11/1/2007 5.75 6F IO 2/6 LIB 121748243 7.25 13.25 6 11/1/2007 6.25 6L 2/6 LIBOR 122536481 7.5 13.5 6 1/1/2009 5.5 6L 3/6 LIBOR 122053007 9.25 15.25 6 10/1/2007 6.5 6L 2/6 LIBOR 122558924 8.5 14.5 6 1/1/2008 5.5 6L 2/6 LIBOR 122366911 7.875 13.875 6 12/1/2007 5.875 6F IO 2/6 LIB 121732532 9.2 16.2 7 9/1/2008 7.45 6L 3/6 LIB 121748187 7.625 13.625 6 10/1/2007 6.625 6L IO 2/6 LIB 122017859 6.25 0 0 00/00/0000 0 F FIXED15 122299751 7.625 13.625 6 1/1/2008 6.25 6L 2/6 LIBOR 122163991 7.5 0 0 00/00/0000 0 F FIXED30 121748339 7.25 13.25 6 11/1/2008 6.25 6L 3/6 LIBOR 122197391 9 15 6 1/1/2008 5.875 6F IO 2/6 LIB 122319151 11.125 17.125 6 1/1/2008 6.625 6L 2/6P LIBOR 122372990 8.25 14.25 6 1/1/2008 5.5 6L 2/6 LIBOR 121732499 8.925 15.925 7 9/1/2008 6.55 6L 3/6 LIB 122360356 6.75 0 0 00/00/0000 0 F 30/15 121748170 6.875 12.875 6 11/1/2007 5.875 6L IO 2/6 LIB 122436307 8.875 14.875 6 1/1/2008 5.5 6L 2/6 LIBOR 122436906 9.375 0 0 00/00/0000 0 F FIXED30 122453866 9.25 15.25 6 1/1/2008 6.125 6L 2/6P LIBOR 122374599 11 0 0 00/00/0000 0 F FIXED30 121710079 8.25 0 0 00/00/0000 0 F 30/15 121559934 6.5 0 0 00/00/0000 0 F 30/15 122450085 8 14 6 1/1/2009 5.75 6L 3/6 LIBOR 122228078 9.75 0 0 00/00/0000 0 F FIXED30 122013774 8.375 0 0 00/00/0000 0 F FIXED30 122629811 7.5 0 0 00/00/0000 0 F FIXED30 121732495 8.35 15.35 7 7/1/2008 7.25 6L 3/6 LIB 122479744 7.25 0 0 00/00/0000 0 F FIXED30 122017287 9.99 0 0 00/00/0000 0 F FIXED30 121748312 7.875 13.875 6 10/1/2007 6.875 6L 2/6 LIBOR 122327812 6.875 12.875 6 12/1/2007 5.5 6L 2/6 LIBOR 122603483 8 14 6 1/1/2008 5.5 6L 2/6 LIBOR 122441240 7.875 13.875 6 1/1/2008 5.25 6L 2/6 LIBOR 122644471 8.9 14.9 6 12/1/2008 7.9 6L 3/6 LIBOR 122272830 9.375 15.375 6 12/1/2007 5.5 6L 2/6 LIBOR 122096984 7.25 0 0 00/00/0000 0 F FIXED15 122474474 9 15 6 1/1/2008 5.5 6L 2/6 LIBOR 121745861 7 13 6 11/1/2007 6 6L 2/6 LIBOR 122493522 10.25 16.25 6 1/1/2008 5.5 6L 2/6 LIBOR 122436690 8.25 14.25 6 1/1/2009 5.5 6L 3/6 LIBOR 122288934 10 0 0 00/00/0000 0 F 30/15 122436180 7.125 0 0 00/00/0000 0 F 30/15 122544574 9 15 6 1/1/2008 6.25 6L 2/6 LIBOR 122090477 9.25 15.25 6 11/1/2007 5.5 6L 2/6 LIBOR 122474484 7.125 0 0 00/00/0000 0 F FIXED30 121821105 8.375 14.375 6 9/1/2007 6.25 6L 2/6 LIBOR 121748332 8.75 14.75 6 10/1/2008 7.75 6L 3/6 LIBOR 121725240 5.8 0 0 00/00/0000 0 F FIXED20 121748253 8.375 14.375 6 11/1/2007 7.375 6L IO 2/6 LIB 122113028 8.5 14.5 6 11/1/2007 5.75 6F IO 2/6 LIB 122516220 9 15 6 1/1/2008 6.375 6F IO 2/6 LIB 122300803 8.5 0 0 00/00/0000 0 F FIXED30 121748267 7.25 13.25 6 11/1/2010 6.25 6L IO 5/6 LIB 122392799 7.375 13.375 6 1/1/2008 5.75 6L 2/6 LIBOR 121990022 12 18 6 10/1/2008 7.75 6L 3/6 LIBOR 121747956 7.625 13.625 6 10/1/2007 6.625 6L 2/6 LIBOR 122344976 9.875 0 0 00/00/0000 0 F FIXED30 122193037 11.25 0 0 00/00/0000 0 F FIXED30 121748158 7.875 13.875 6 9/1/2007 6.875 6L IO 2/6 LIB 122061381 7.75 0 0 00/00/0000 0 F IO F30/120 121858830 8.875 14.875 6 9/1/2007 6.25 6L 2/6 LIBOR 122501994 8.625 14.625 6 1/1/2008 5.5 6L 2/6 LIBOR 122442439 8.75 14.75 6 1/1/2008 5.5 6L 2/6 LIBOR 121748037 6.375 12.375 6 11/1/2008 5.375 6L 3/6 LIBOR 121748261 7.875 0 0 00/00/0000 0 F FIXED30 121946715 9.25 15.25 6 10/1/2007 5.5 6L 2/6 LIBOR 122330055 8.125 14.125 6 1/1/2008 5.75 6L 2/6LI40/30 122329123 9.5 15.5 6 1/1/2008 7.25 6L 2/6 LIBOR 122461729 8.25 14.25 6 1/1/2008 5.5 6L 2/6 LIBOR 121749043 5.625 11.625 6 11/1/2007 4.625 6L 2/6 LIB 122393758 8.75 14.75 6 1/1/2008 6 6F IO 2/6 LIB 121749027 7.75 13.75 6 9/1/2007 6.75 6L 2/6 LIB 121748327 7.5 13.5 6 11/1/2007 6.5 6L 2/6 LIBOR 121732533 7.95 14.95 7 9/1/2008 6.2 6L IO 3/6 LIB 122194786 8.875 14.875 6 12/1/2007 5.5 6L 2/6 LIBOR 122368091 8.5 14.5 6 1/1/2008 5.5 6L 2/6P LIBOR 121934676 9.625 15.625 6 10/1/2007 6.25 6L 2/6 LIBOR 122575855 7.75 13.75 6 1/1/2008 5.25 6L 2/6 LIBOR 121426136 6.875 0 0 00/00/0000 0 F 30/15 121748341 7.75 13.75 6 11/1/2007 6.75 6L 2/6 LIBOR 122383871 7.5 13.5 6 1/1/2008 6.25 6L 2/6 LIBOR 121997272 7.25 0 0 00/00/0000 0 F 30/15 122023469 8 14 6 11/1/2007 6.125 6L 2/6 LIBOR 122344024 9.25 15.25 6 1/1/2008 6.5 6L 2/6 LIBOR 122537429 7.25 0 0 00/00/0000 0 F 30/15 121546134 8.125 0 0 00/00/0000 0 F 30/15 121847654 8.5 14.5 6 10/1/2007 5.25 6L 2/6 LIBOR 121725315 5.95 0 0 00/00/0000 0 F FIXED20 122249154 8.125 0 0 00/00/0000 0 F FIXED30 122213231 8.25 0 0 00/00/0000 0 F FIXED30 121301263 7.875 0 0 00/00/0000 0 F 30/15 121748207 7.25 13.25 6 10/1/2007 6.25 6L 2/6 LIBOR 122294361 7.25 13.25 6 1/1/2008 5.5 6L 2/6 LIBOR 121733324 5.85 11.85 6 9/1/2008 4.95 6L 3/6 LIBOR 122185331 9.875 15.875 6 11/1/2007 6.25 6L 2/6 LIBOR 121748269 6.5 0 0 00/00/0000 0 F IOFIXED30 122089135 6.675 12.675 6 11/1/2007 6 6F IO 2/6 LIB 122219053 8.25 14.25 6 1/1/2008 5.875 6L 2/6 LIBOR 122544090 7.25 13.25 6 1/1/2008 5.5 6L 2/6 LIBOR 122596984 7 0 0 00/00/0000 0 F 30/15 122581251 6.875 12.875 6 1/1/2008 5.5 6L 2/6 LIBOR 122567132 8.875 14.875 6 1/1/2008 5.5 6L 2/6 LIBOR 122521707 7.625 13.625 6 1/1/2008 5.25 6L 2/6 LIBOR 122541107 7.875 13.875 6 1/1/2008 5.5 6L 2/6 LIBOR 122447233 9.625 0 0 00/00/0000 0 F FIXED30 121747989 7.125 13.125 6 11/1/2007 6.125 6L IO 2/6 LIB 121747967 6.99 12.99 6 11/1/2010 5.99 6L 5/6 LIBOR 122152279 7.875 13.875 6 11/1/2007 6.25 6L 2/6 LIBOR 122568826 8.625 14.625 6 1/1/2008 5.5 6L 2/6LI40/30 122686263 7.13 0 0 00/00/0000 0 F FIXED30 122393974 8 14 6 12/1/2007 5.5 6L 2/6 LIBOR 121748329 7.625 13.625 6 11/1/2007 6.625 6L 2/6 LIBOR 122485987 8.875 14.875 6 1/1/2008 5.5 6L 2/6 LIBOR 122166545 8.5 14.5 6 1/1/2009 5.5 1T 3/1 ARM 121854536 9.875 0 0 00/00/0000 0 F FIXED30 121522682 9.75 0 0 00/00/0000 0 F 30/15 122182483 6.625 0 0 00/00/0000 0 F 30/15 122147582 8.125 14.125 6 11/1/2007 5.75 6F IO 2/6 LIB 121748346 7.625 0 0 00/00/0000 0 F FIXED30 122287775 7.5 13.5 6 1/1/2008 5.875 6L 2/6 LIBOR 121748178 7.75 13.75 6 10/1/2007 6.75 6L IO 2/6 LIB 121748182 7.375 13.375 6 10/1/2007 6.375 6L IO 2/6 LIB 122534471 8.75 14.75 6 1/1/2008 5.5 6L 2/6 LIBOR 122464682 9.125 0 0 00/00/0000 0 F FIXED30 121748154 5.65 11.65 6 8/1/2007 4.65 6L IO 2/6 LIB 122563199 8.125 0 0 00/00/0000 0 F FIXED30 121748247 6.375 0 0 00/00/0000 0 F FIXED30 121748224 6.25 12.625 6.375 10/1/2007 5.625 6L IO 2/6 LIB 121732479 8 15 7 9/1/2008 6.25 6L IO 3/6 LIB 122342826 8.5 14.5 6 1/1/2008 5.25 6L 2/6 LIBOR 122608127 8 14 6 1/1/2008 5.5 6L 2/6 LIBOR 122617858 7.25 12.25 5 1/1/2011 3.25 6L IO 5/6 LIB 122543028 7.38 13.38 6 1/1/2008 5.5 6L 2/6LI40/30 121732601 10.35 17.35 7 9/1/2008 8.6 6L 3/6 LIB 122211109 8.125 0 0 00/00/0000 0 F FIXED30 121748441 11.5 0 0 00/00/0000 0 F FIXED30 122552068 8.375 14.375 6 1/1/2008 6.25 6L 2/6 LIBOR 121732546 9 16 7 9/1/2008 7.25 6L 3/6 LIB 122275192 7.125 13.125 6 12/1/2007 5.875 6F IO 2/6 LIB 122295122 7.375 0 0 00/00/0000 0 F FIXED30 122573526 8.875 14.875 6 1/1/2008 5.5 6L 2/6 LIBOR 121767452 6.125 12.125 6 9/1/2007 6 6F IO 2/6 LIB 122619086 9.375 15.375 6 1/1/2008 5.5 6L 2/6 LIBOR 122434525 8.875 14.875 6 1/1/2009 5.5 6L 3/6LI40/30 122083218 7 13 6 11/1/2007 5.75 6F IO 2/6 LIB 121973509 8.5 14.5 6 12/1/2007 5.5 6L 2/6 LIBOR 122584309 8.875 14.875 6 1/1/2008 5.5 6L 2/6 LIBOR 122128868 7.375 13.375 6 11/1/2007 5.75 6F IO 2/6 LIB 122566477 7.75 13.75 6 1/1/2008 5.5 6L 2/6 LIBOR 121894780 6.5 12.5 6 10/1/2007 6 6F IO 2/6 LIB 122524468 9.5 15.5 6 1/1/2008 6.25 6F IO 2/6 LIB 121836596 7.5 13.5 6 12/1/2007 5.875 6F IO 2/6 LIB 122371454 7.875 13.875 6 12/1/2007 5.5 6L 2/6LI40/30 122520594 6.125 0 0 00/00/0000 0 F FIXED15 122480983 9.5 15.5 6 1/1/2008 5.5 6L 2/6 LIBOR 122661357 7.625 13.625 6 1/1/2008 5.25 6L 2/6 LIBOR 122448547 8 14 6 1/1/2009 5.5 6L 3/6 LIBOR 122553674 9.75 15.75 6 1/1/2008 5.5 6L 2/6 LIBOR 122017945 7.875 13.875 6 10/1/2007 5.75 6F IO 2/6 LIB 122040949 8.25 0 0 00/00/0000 0 F FIXED30 122554695 6.875 0 0 00/00/0000 0 F FIXED30 122559713 9.375 15.375 6 1/1/2008 6.625 6L 2/6 LIBOR 122519108 11.75 17.75 6 1/1/2008 7.5 6L 2/6 LIBOR 121776548 6.75 0 0 00/00/0000 0 F 30/15 122354453 6.625 0 0 00/00/0000 0 F 30/15 121748314 7.625 13.625 6 11/1/2010 6.625 6L 5/6 LIBOR 122056986 6.125 0 0 00/00/0000 0 F FIXED15 122576776 6.125 0 0 00/00/0000 0 F FIXED15 121596096 8.75 0 0 00/00/0000 0 F 30/15 121634332 8.5 0 0 00/00/0000 0 F 30/15 121744576 6.25 0 0 00/00/0000 0 F FIXED30 121801663 8.5 0 0 00/00/0000 0 F 30/15 122502417 6.75 0 0 00/00/0000 0 F 30/15 122032358 7 0 0 00/00/0000 0 F 30/15 122251113 7.5 0 0 00/00/0000 0 F 30/15 121748437 10.85 17.85 7 11/1/2007 6.75 6L 2/6 LIBOR 122444860 8.25 14.25 6 1/1/2008 5.25 6L 2/6 LIBOR 122569762 8.875 14.875 6 1/1/2008 5.875 6L 2/6 LIBOR 122299510 10.875 16.875 6 1/1/2008 7 6L 2/6P LIBOR 122162203 8.375 14.375 6 11/1/2007 5.625 6F IO 2/6 LIB 122250274 9.25 15.25 6 1/1/2008 5.25 6L 2/6 LIBOR 122347441 8.125 14.125 6 12/1/2007 5.625 6F IO 2/6 LIB 122520684 10 16 6 1/1/2008 6 6L 2/6 LIBOR 122590741 7.25 0 0 00/00/0000 0 F 30/15 122531484 9.3 15.3 6 1/1/2008 6.5 6L 2/6 LIBOR 122548313 7.875 13.875 6 1/1/2009 5.5 6L 3/6 LIBOR 122583363 8 14 6 1/1/2008 4.25 6F IO 2/6 LIB 122599535 8.875 0 0 00/00/0000 0 F FIXED30 121891827 5.625 11.625 6 10/1/2007 5.5 6F IO 2/6 LIB 122551495 7.5 13.5 6 1/1/2008 5.25 6L 2/6 LIBOR 122589935 9.25 15.25 6 1/1/2008 5.25 6L 2/6 LIBOR 122560444 8.25 14.25 6 1/1/2011 6.125 6L IO 5/6 LIB 122540811 7.99 13.99 6 1/1/2008 5.25 6L 2/6 LIBOR 122586647 12.4 18.4 6 1/1/2008 7.25 6L 2/6 LIBOR 121748316 8.25 14.25 6 10/1/2008 7.25 6L 3/6 LIBOR 122533300 6.5 12.5 6 1/1/2008 5.625 6L 2/6 LIBOR 122568942 7.75 0 0 00/00/0000 0 F FIXED30 122448964 8.25 14.25 6 1/1/2008 5.5 6L 2/6 LIBOR 122612902 8.5 14.5 6 1/1/2008 4.25 6F IO 2/6 LIB 122013031 10.375 16.375 6 12/1/2007 6.875 6L 2/6 LIBOR 121749074 6.5 12.5 6 11/1/2007 5.5 6L 2/6 LIB 122274566 8.125 0 0 00/00/0000 0 F FIXED30 122471239 9.375 15.375 6 1/1/2008 5.5 6L 2/6 LIBOR 122571156 8.375 14.375 6 1/1/2008 5.25 6L 2/6 LIBOR 122452060 8.875 14.875 6 1/1/2008 5.25 6L 2/6 LIBOR 122354173 11.75 0 0 00/00/0000 0 F 30/15 122476792 7.875 13.875 6 1/1/2008 5.25 6L 2/6 LIBOR 122584700 8.125 14.125 6 1/1/2008 5.25 6L 2/6 LIBOR 122329110 7.875 13.875 6 1/1/2008 6.25 6L 2/6 LIBOR 122300499 7.5 0 0 00/00/0000 0 F FIXED30 122391681 7.875 13.875 6 1/1/2008 5.25 6L 2/6 LIBOR 122061336 7.875 13.875 6 10/1/2007 6.25 6L 2/6 LIBOR 121880454 8.875 14.875 6 9/1/2007 6 6L 2/6 LIBOR 121694409 7.875 13.875 6 9/1/2007 6.25 6L 2/6 LIBOR 122603926 8.875 14.875 6 1/1/2008 6 6L 2/6 LIBOR 121732494 8.825 15.825 7 9/1/2008 6.45 6L 3/6 LIB 122507528 8.875 14.875 6 1/1/2008 6 6L 2/6 LIBOR 122453172 8.25 14.25 6 1/1/2008 5.25 6L 2/6 LIBOR 122371611 8.5 14.5 6 1/1/2008 5.25 6L 2/6LI40/30 121818189 8 14 6 9/1/2007 6 6L 2/6 LIBOR 122106084 8.375 14.375 6 10/1/2007 6 6L 2/6 LIBOR 122356006 7.875 13.875 6 12/1/2008 6 6L IO 3/6 LIB 122591034 7.25 12.25 5 1/1/2011 3 6L IO 5/6 LIB 122386227 8.125 14.125 6 1/1/2009 5.25 6L 3/6 LIBOR 122603891 8.75 14.75 6 1/1/2008 5.5 6L 2/6 LIBOR 121748051 6.125 12.125 6 9/1/2007 5.125 6L IO 2/6 LIB 122089529 7.125 13.125 6 10/1/2007 5.25 6L 2/6 LIBOR 122533113 7.5 13.5 6 1/1/2008 5.25 6L 2/6 LIBOR 121748030 6.999 12.999 6 10/1/2007 5.999 6L IO 2/6 LIB 121748068 7.625 0 0 00/00/0000 0 F FIXED30 122101713 7.5 13.5 6 10/1/2007 5.625 6L 2/6 LIBOR 122435363 7.75 13.75 6 1/1/2009 5.875 6L IO 3/6 LIB 122535612 7.25 13.25 6 1/1/2009 5.5 1T 3/1 ARM 122297863 9.75 15.75 6 12/1/2007 5.25 6L 2/6 LIBOR 122558571 8.125 14.125 6 1/1/2008 5.625 6F IO 2/6 LIB 122279679 8.875 14.875 6 11/1/2008 5.625 6L IO 3/6 LIB 122429142 7.875 13.875 6 1/1/2008 5.625 6L 2/6 LIBOR 122450755 9.375 0 0 00/00/0000 0 F FIXED30 122515600 10.625 16.625 6 1/1/2008 6 6L 2/6P LIBOR 122452411 9.125 15.125 6 1/1/2011 5.75 6L 5/6 LIBOR 121748274 6.5 12.5 6 11/1/2007 5.5 6L IO 2/6 LIB 122491778 7.375 0 0 00/00/0000 0 F FIXED30 122494533 7.5 13.5 6 1/1/2008 5.25 6L 2/6LI40/30 121732579 9.425 16.425 7 8/1/2008 8.325 6L 3/6 LIB 122355236 7.25 13.25 6 1/1/2008 5.5 6L 2/6 LIBOR 121996427 7.375 13.375 6 1/1/2008 5.25 6L 2/6 LIBOR 122442827 10.25 16.25 6 12/1/2007 7.25 6L 2/6 LIBOR 121732529 8 15 7 9/1/2008 6.25 6L IO 3/6 LIB 122344453 10.125 0 0 00/00/0000 0 F FIXED30 122552702 7.125 13.125 6 1/1/2008 5.625 6L 2/6 LIBOR 122598079 7.25 0 0 00/00/0000 0 F FIXED30 121740497 6.6 12.6 6 8/1/2007 6.25 6L IO 2/6 LIB 122097905 6.25 12.25 6 11/1/2007 5.5 6F IO 2/6 LIB 122550332 8.75 14.75 6 1/1/2009 5.25 6L 3/6 LIBOR 121732475 7.75 14.75 7 9/1/2008 6 6L 3/6 LIB 122079703 7.625 0 0 00/00/0000 0 F 30/15 122505784 11.5 17.5 6 1/1/2008 7.25 6L 2/6 LIBOR 122197435 8.75 0 0 00/00/0000 0 F FIXED30 122588153 8.375 14.375 6 1/1/2008 5.25 6L 2/6 LIBOR 122495327 8.5 0 0 00/00/0000 0 F FIXED30 122369800 8.625 14.625 6 1/1/2008 5.5 6L 2/6 LIBOR 121732585 8 15 7 9/1/2008 6.25 6L IO 3/6 LIB 122428757 7.75 13.75 6 1/1/2008 5.25 6L 2/6LI40/30 122514561 7.625 13.625 6 1/1/2008 5.25 6L 2/6 LIBOR 122547090 6.25 12.25 6 1/1/2009 5.25 6L 3/6 LIBOR 122624766 7.25 13.25 6 1/1/2008 3.75 6F IO 2/6 LIB 122507085 7.25 0 0 00/00/0000 0 F 30/15 122008515 8.75 14.75 6 11/1/2007 5.875 6F IO 2/6 LIB 122498629 9.25 0 0 00/00/0000 0 F FIXED40/30 122452713 8.375 0 0 00/00/0000 0 F FIXED30 122464207 10.75 16.75 6 1/1/2008 7 6L 2/6 LIBOR 122322385 10.625 0 0 00/00/0000 0 F FIXED30 121652407 6.25 0 0 00/00/0000 0 F FIXED15 122545671 7.375 13.375 6 1/1/2008 5.25 6L 2/6 LIBOR 121725339 7.7 0 0 00/00/0000 0 F FIXED30 122392301 9.875 15.875 6 12/1/2007 5.5 6L 2/6 LIBOR 121748203 6.99 0 0 00/00/0000 0 F FIXED30 121747950 7.75 13.75 6 10/1/2007 6.75 6L IO 2/6 LIB 122307515 9.625 15.625 6 1/1/2008 5 6L 2/6 LIBOR 121725079 6.8 0 0 00/00/0000 0 F FIXED30 122309964 6.125 0 0 00/00/0000 0 F FIXED15 122493802 9.375 15.375 6 1/1/2008 6 6L 2/6 LIBOR 121915374 8.375 0 0 00/00/0000 0 F 30/15 121749025 6.99 12.99 6 10/1/2007 5.99 6L 2/6 LIB 122430839 6.625 0 0 00/00/0000 0 F 30/15 122580266 7.375 13.375 6 1/1/2008 5.25 6L 2/6 LIBOR 122456019 6.25 0 0 00/00/0000 0 F FIXED15 122478093 8.25 14.25 6 1/1/2008 5.625 6F IO 2/6 LIB 122451331 7.875 13.875 6 12/1/2007 5.625 6F IO 2/6 LIB 121748155 8.5 14.5 6 11/1/2007 7.5 6L 2/6 LIBOR 122606954 7.75 13.75 6 1/1/2008 5.25 6L 2/6 LIBOR 122397009 7.875 13.875 6 1/1/2008 5.875 6F IO 2/6 LIB 122361072 9.125 15.125 6 1/1/2008 5.25 6L 2/6 LIBOR 122113985 8.625 14.625 6 12/1/2007 6 6F IO 2/6 LIB 121977150 7.25 13.25 6 10/1/2007 5.5 6F IO 2/6 LIB 122351510 7.25 0 0 00/00/0000 0 F IO F30/120 122532463 10.375 0 0 00/00/0000 0 F FIXED30 122618750 8.375 14.375 6 1/1/2008 5.25 6L 2/6 LIBOR 122596316 7.625 13.625 6 1/1/2008 5.25 6L 2/6 LIBOR 121749041 6.5 0 0 00/00/0000 0 F FIXED30 122151748 7.25 13.25 6 11/1/2007 5.625 6F IO 2/6 LIB 122557999 6.25 0 0 00/00/0000 0 F 30/15 122477213 8.875 14.875 6 1/1/2008 5.5 6L 2/6LI40/30 122286859 8.125 0 0 00/00/0000 0 F FIXED30 121732526 8 15 7 9/1/2008 6.25 6L IO 3/6 LIB 121947514 7.375 13.375 6 10/1/2007 5.625 6F IO 2/6 LIB 122184537 7.625 13.625 6 11/1/2007 5.625 6F IO 2/6 LIB 122531790 9.625 15.625 6 1/1/2008 6.375 6L 2/6 LIBOR 122584646 9.75 15.75 6 1/1/2008 6.125 6F IO 2/6 LIB 121860342 7.875 13.875 6 9/1/2007 6 6L 2/6 LIBOR 121637806 8.5 14.5 6 9/1/2007 6 6L 2/6 LIBOR 121748020 6.75 12.75 6 10/1/2008 5.75 6L 3/6 LIBOR 121884969 8.75 14.75 6 11/1/2007 6.25 6L 2/6 LIBOR 122075014 7 13 6 9/1/2010 6 6L IO 5/6 LIB 122204364 7.875 13.875 6 12/1/2007 5.75 6L 2/6P LIBOR 122331231 9.75 15.75 6 1/1/2008 5.5 6L 2/6 LIBOR 122583572 7.5 0 0 00/00/0000 0 F FIXED30 122507977 8.5 14.5 6 1/1/2008 5.25 6L 2/6LI40/30 121740529 8.5 0 0 00/00/0000 0 F 30/15 122395155 9.25 15.25 6 1/1/2008 5.25 6L 2/6 LIBOR 122391699 8.625 14.625 6 1/1/2009 5.25 6L 3/6 LIBOR 122260299 7.375 13.375 6 11/1/2007 5.625 6F IO 2/6 LIB 122282957 8.75 14.75 6 12/1/2007 5.875 6F IO 2/6 LIB 121748184 6.125 12.125 6 10/1/2007 5.125 6L IO 2/6 LIB 121952336 6.875 12.875 6 10/1/2007 5.5 6F IO 2/6 LIB 122394224 8.375 14.375 6 12/1/2007 5.625 6F IO 2/6 LIB 122473444 9.375 15.375 6 1/1/2008 6.25 6L 2/6 LIBOR 121738541 7.24 12.24 5 8/1/2007 5 6L 2/6 LIBOR 122482966 10.125 16.125 6 1/1/2008 6.25 6L 2/6 LIBOR 122543007 7.875 13.875 6 1/1/2008 5.75 6F IO 2/6 LIB 121993438 8.5 14.5 6 10/1/2008 5.875 1T IO 3/1TREA 122609749 8.5 14.5 6 1/1/2008 5.25 6L 2/6 LIBOR 122613158 7.5 13.5 6 1/1/2008 3 6L 2/6 LIBOR 122156490 7.875 0 0 00/00/0000 0 F FIXED30 121640040 9.375 0 0 00/00/0000 0 F 30/15 122338948 9.5 0 0 00/00/0000 0 F FIXED30 122566712 9.5 15.5 6 1/1/2008 5.25 6L 2/6 LIBOR 122332344 7.625 13.625 6 12/1/2007 5.625 6F IO 2/6 LIB 122530856 9.875 15.875 6 1/1/2008 5.25 6L 2/6 LIBOR 121729370 14.5 0 0 00/00/0000 0 F IO FIXED30 121748143 8 14 6 8/1/2008 7 6L IO 3/6 LIB 122245088 7.5 0 0 00/00/0000 0 F 30/15 122550096 7.75 0 0 00/00/0000 0 F FIXED30 122213358 9.625 0 0 00/00/0000 0 F FIXED30 122483201 10.125 16.125 6 1/1/2008 6.5 6L 2/6 LIBOR 122289994 7 13 6 1/1/2008 5.625 6F IO 2/6 LIB 122632073 8.875 14.875 6 1/1/2008 5.25 6L 2/6LI40/30 121379967 8.125 0 0 00/00/0000 0 F 30/15 122508271 9.375 15.375 6 1/1/2008 7 6L 2/6 LIBOR 122168769 8.25 0 0 00/00/0000 0 F FIXED30 122173904 6.875 12.875 6 11/1/2007 5.5 6F IO 2/6 LIB 122574802 7.375 13.375 6 1/1/2008 5.25 6L 2/6 LIBOR 122344201 10 16 6 1/1/2008 5.25 6L 2/6 LIBOR 121732484 8.05 15.05 7 9/1/2008 6.3 6L IO 3/6 LIB 122608981 10.125 16.125 6 1/1/2008 7 6L 2/6 LIBOR 121732603 9.45 16.45 7 9/1/2008 7.7 6L 3/6 LIB 122593392 7.125 13.125 6 1/1/2009 4.375 1T 3/1TR40/30 122031554 6.75 0 0 00/00/0000 0 F 30/15 122567571 9.75 15.75 6 1/1/2008 6.25 6L 2/6 LIBOR 122482777 10.125 16.125 6 1/1/2008 6.25 6L 2/6 LIBOR 122331745 9.25 15.25 6 12/1/2007 5.625 6F IO 2/6 LIB 121749001 6.875 12.875 6 8/1/2007 5.625 6L 2/6 LIBOR 122560009 8.375 14.375 6 1/1/2009 5.375 1T 3/1TR40/30 121923065 8.5 14.5 6 10/1/2007 5.75 6F IO 2/6 LIB 121747987 7.25 13.25 6 11/1/2007 6.25 6L 2/6 LIBOR 122035487 7.875 13.875 6 10/1/2007 6 6L 2/6 LIBOR 121745858 8.125 14.125 6 11/1/2007 7.125 6L 2/6 LIBOR 122213753 9.125 0 0 00/00/0000 0 F FIXED30 122580607 7.625 13.625 6 1/1/2008 5.25 6L 2/6 LIBOR 122211104 10.625 0 0 00/00/0000 0 F FIXED30 121748216 6.99 12.99 6 10/1/2007 5.99 6L IO 2/6 LIB 122226699 7.875 13.875 6 1/1/2008 6 6L 2/6 LIBOR 121989764 7.875 13.875 6 10/1/2008 6 6L 3/6 LIBOR 122082357 8.5 14.5 6 10/1/2007 5.25 6L 2/6 LIBOR 122483097 10.125 16.125 6 1/1/2008 6.25 6L 2/6 LIBOR 122491615 10.25 16.25 6 1/1/2008 5.25 6L 2/6 LIBOR 121831088 7.75 0 0 00/00/0000 0 F FIXED30 122272457 8.375 0 0 00/00/0000 0 F FIXED30 122483646 7.5 13.5 6 1/1/2008 5.625 6F IO 2/6 LIB 121970625 9.125 15.125 6 10/1/2007 6 6F IO 2/6 LIB 122140831 7.125 13.125 6 11/1/2008 6 1T 3/1 ARM 122555756 10.125 16.125 6 1/1/2008 5.25 6L 2/6 LIBOR 121732512 9.6 16.6 7 9/1/2008 7.85 6L 3/6 LIB 122543349 7.625 13.625 6 1/1/2008 5.25 6L 2/6 LIBOR 122435069 7.875 0 0 00/00/0000 0 F FIXED15 121749026 5.625 11.625 6 12/1/2008 4.625 6L 3/6 LIBOR 122316212 6.75 0 0 00/00/0000 0 F FIXED30 122151916 7.5 0 0 00/00/0000 0 F FIXED30 122482483 10.125 16.125 6 1/1/2008 6.25 6L 2/6 LIBOR 121748298 6.125 12.125 6 9/1/2007 5.125 6L 2/6 LIBOR 121732610 9.05 16.05 7 9/1/2008 7.3 6L 3/6 LIB 122230032 8 14 6 11/1/2007 6 6L 2/6 LIBOR 121748156 7.375 13.375 6 9/1/2007 6.375 6L 2/6 LIBOR 121732536 10.05 17.05 7 9/1/2008 8.3 6L 3/6 LIB 121748429 9.85 16.85 7 11/1/2007 5.99 6L 2/6 LIBOR 121749087 6.75 0 0 00/00/0000 0 F FIXED30 122630848 7.5 0 0 00/00/0000 0 F FIXED30 122192301 8.25 14.25 6 1/1/2008 5.25 6L 2/6 LIBOR 122508175 9 15 6 1/1/2008 5.25 6L 2/6 LIBOR 122041029 9.75 0 0 00/00/0000 0 F 30/15 122067498 7.875 13.875 6 10/1/2007 5.625 6F IO 2/6 LIB 122347144 7.25 13.25 6 1/1/2008 5.25 6L 2/6 LIBOR 122363555 8.5 14.5 6 12/1/2007 5.625 6F IO 2/6 LIB 122381938 8.875 14.875 6 1/1/2008 5.25 6L 2/6 LIBOR 122456137 10 16 6 1/1/2008 5.25 6L 2/6 LIBOR 121732478 8.95 15.95 7 8/1/2008 7.2 6L 3/6 LIB 122236993 9.375 15.375 6 1/1/2009 5.25 6L 3/6LI40/30 121748315 7.75 13.75 6 10/1/2008 6.75 6L 3/6 LIBOR 122162748 8.25 14.25 6 11/1/2007 5.5 6F IO 2/6 LIB 121732513 7.25 14.25 7 9/1/2008 5.5 6L IO 3/6 LIB 122493140 8.5 14.5 6 1/1/2008 5.25 6L 2/6 LIBOR 122386821 6.625 12.625 6 12/1/2010 6.875 6L IO 5/6 LIB 122318219 8.5 0 0 00/00/0000 0 F FIXED30 121732485 7.6 14.6 7 9/1/2008 5.85 6L 3/6 LIB 122589456 8.5 14.5 6 1/1/2009 5.25 1T 3/1 ARM 122386486 9.5 0 0 00/00/0000 0 F FIXED30 122122166 8.375 14.375 6 12/1/2007 6.25 6L 2/6 LIBOR 122306986 8.375 14.375 6 12/1/2007 6.375 6F IO 2/6 LIB 122605754 9 15 6 1/1/2008 5.25 6L 2/6LI40/30 122132494 7.625 13.625 6 10/1/2007 6 6F IO 2/6 LIB 122063377 7.125 13.125 6 10/1/2007 5.25 6L 2/6 LIBOR 122220676 9.75 15.75 6 1/1/2008 5.25 6L 2/6 LIBOR 122518977 9.875 0 0 00/00/0000 0 F FIXED30 122247003 7.375 0 0 00/00/0000 0 F IO F30/120 121709203 6.875 12.875 6 9/1/2010 6 6L IO 5/6 LIB 121748044 6.75 12.75 6 11/1/2008 5.75 6L IO 3/6 LIB 121747946 6 12 6 9/1/2007 5 6L IO 2/6 LIB 122568129 7.5 13.5 6 1/1/2008 5.25 6L 2/6 LIBOR 122654448 7.5 0 0 00/00/0000 0 F FIXED30 122548532 7.5 13.5 6 1/1/2008 3.75 6L 2/6 LIBOR 122507999 7.125 0 0 00/00/0000 0 F FIXED30 122572083 7.875 13.875 6 1/1/2008 5.625 6F IO 2/6 LIB 122215634 7.375 13.375 6 11/1/2007 5.5 6F IO 2/6 LIB 121289942 10.5 0 0 00/00/0000 0 F 30/15 121146359 9.625 0 0 00/00/0000 0 F 30/15 121942680 7 13 6 12/1/2010 2.75 1T 5/1 ARM 122621451 7.875 0 0 00/00/0000 0 F FIXED30 121749070 5.5 11.5 6 11/1/2007 4.5 6L 2/6 LIB 121771056 9.75 0 0 00/00/0000 0 F 30/15 121745805 6.875 0 0 00/00/0000 0 F FIXED30 122194540 7 13 6 11/1/2008 2.75 1T IO 3/1TREA 122548084 7.25 13.25 6 1/1/2008 5.25 6L 2/6LI40/30 122289203 8.875 14.875 6 1/1/2008 5.25 6L 2/6 LIBOR 121749073 6.5 12.5 6 12/1/2007 5.5 6L 2/6 LIB 122220893 8.5 14.5 6 12/1/2007 5.25 6L 2/6 LIBOR 122464709 7.5 0 0 00/00/0000 0 F IO F30/120 122611670 9.875 15.875 6 1/1/2008 5.5 6L 2/6 LIBOR 122152150 7.5 13.5 6 12/1/2007 5.75 6F IO 2/6 LIB 122577964 9.5 15.5 6 1/1/2008 6.375 6L 2/6 LIBOR 122625379 7.5 12.5 5 1/1/2011 3.5 6L IO 5/6 LIB 121888864 9.75 0 0 00/00/0000 0 F FIXED30 122472453 9 15 6 12/1/2007 5.25 6L 2/6 LIBOR 122374864 8.25 14.25 6 1/1/2008 5.25 6L 2/6 LIBOR 122203980 8.875 14.875 6 11/1/2007 6 6L 2/6 LIBOR 121926455 9.5 0 0 00/00/0000 0 F 30/15 121933978 7.75 13.75 6 10/1/2008 5.625 6L IO 3/6 LIB 121732543 9.8 16.8 7 9/1/2008 8.05 6L 3/6 LIB 121732521 7.9 14.9 7 9/1/2008 6.15 6L IO 3/6 LIB 122393421 7.375 13.375 6 12/1/2007 5.625 6F IO 2/6 LIB 122544177 8 14 6 1/1/2008 5.5 6L 2/6 LIBOR 122321514 8.875 14.875 6 12/1/2007 5.625 6F IO 2/6 LIB 122440478 10.125 0 0 00/00/0000 0 F FIXED30 122438085 8.125 14.125 6 12/1/2007 5.625 6F IO 2/6 LIB 122329105 9.375 0 0 00/00/0000 0 F FIXED30 122496195 8.375 14.375 6 1/1/2008 5.25 6L 2/6 LIBOR 122340086 6.625 0 0 00/00/0000 0 F 30/15 122541058 8.375 14.375 6 1/1/2008 5.25 6L 2/6 LIBOR 121732552 6.95 13.95 7 9/1/2008 5.2 6L 3/6 LIB 122489204 7 13 6 1/1/2008 5.625 6F IO 2/6 LIB 122167656 7.125 13.125 6 11/1/2008 5.75 6L IO 3/6 LIB 122582392 8.125 14.125 6 1/1/2008 5.625 6L 2/6 LIBOR 122314815 7.125 13.125 6 1/1/2008 5.25 6L 2/6LI40/30 122454321 7.625 13.625 6 1/1/2008 6.125 6F IO 2/6 LIB 122657070 6.75 11.75 5 1/1/2011 3 6L IO 5/6 LIB 121748254 6.25 0 0 00/00/0000 0 F IOFIXED30 121811617 6.25 12.25 6 9/1/2007 5.75 6F IO 2/6 LIB 122289046 7.5 13.5 6 12/1/2007 5.875 6F IO 2/6 LIB 122578896 7.125 13.125 6 1/1/2008 5.625 6F IO 2/6 LIB 122603573 8.625 14.625 6 1/1/2008 5.25 6L 2/6LI40/30 122312381 7.875 0 0 00/00/0000 0 F IO F30/120 122452201 7.875 0 0 00/00/0000 0 F FIXED30 122655287 7.5 13.5 6 1/1/2009 5.25 1T 3/1 ARM 122138609 7.875 13.875 6 11/1/2007 5.5 6F IO 2/6 LIB 122500761 12.75 18.75 6 1/1/2008 7.25 6L 2/6 LIBOR 122495852 7.5 13.5 6 1/1/2008 5.25 6L 2/6 LIBOR 122213180 8 14 6 12/1/2007 5.625 6F IO 2/6 LIB 122484992 8 13 5 1/1/2011 4.25 6L IO 5/6 LIB 121748162 7.5 13.5 6 9/1/2007 6.5 6L 2/6 LIBOR 121732531 9.4 16.4 7 9/1/2008 7.65 6L 3/6 LIB 121802428 7.375 0 0 00/00/0000 0 F 30/15 122137751 9.625 15.625 6 11/1/2007 6 6L 2/6 LIBOR 122438334 8.625 0 0 00/00/0000 0 F FIXED30 122156685 10 16 6 1/1/2008 6 6L 2/6 LIBOR 121727523 5.25 11.25 6 6/1/2008 2.25 7L IO 3/6 LIB 122328125 12.125 18.125 6 1/1/2008 7.25 6L 2/6 LIBOR 121747948 7.75 13.75 6 9/1/2007 6.75 6L IO 2/6 LIB 122452561 8.75 14.75 6 1/1/2008 5.25 6L 2/6 LIBOR 122528124 9 0 0 00/00/0000 0 F IO F30/120 122557186 9.5 15.5 6 1/1/2008 5.25 6L 2/6 LIBOR 122634489 8.375 14.375 6 1/1/2008 5.25 6L 2/6 LIBOR 122518190 5.625 0 0 00/00/0000 0 F FIXED30 121779779 8.625 14.625 6 9/1/2007 6 6L 2/6 LIBOR 122478896 7.875 12.875 5 1/1/2011 5.25 6L IO 5/6 LIB 122235011 8.5 14.5 6 1/1/2008 5.25 6L 2/6 LIBOR 122378188 9.875 15.875 6 1/1/2008 6 6L 2/6 LIBOR 122463560 9.625 15.625 6 1/1/2008 5.75 6L 2/6 LIBOR 122113221 9.5 15.5 6 11/1/2007 5.25 6L 2/6 LIBOR 121988953 7.875 13.875 6 10/1/2007 5.875 6F IO 2/6 LIB 121637050 8.375 14.375 6 9/1/2007 6 6L 2/6P LIBOR 122294844 7.5 13.5 6 12/1/2008 5.875 6L IO 3/6 LIB 122435238 8.875 14.875 6 1/1/2008 5.75 6F IO 2/6 LIB 122627287 7.75 13.75 6 1/1/2008 4.25 6L 2/6 LIBOR 122518403 8.5 14.5 6 1/1/2008 5.25 6L 2/6 LIBOR 122606881 8.625 14.625 6 1/1/2008 5.5 6L 2/6 LIBOR 121791710 8.375 0 0 00/00/0000 0 F FIXED30 122331457 7.375 13.375 6 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00/00/0000 0 F IO F30/120 122143933 8.125 14.125 6 11/1/2007 5.625 6F IO 2/6 LIB 122377242 7.75 13.75 6 1/1/2008 5.5 6L 2/6 LIBOR 122484817 8.375 14.375 6 1/1/2008 5.5 6L 2/6 LIBOR 121782367 8 14 6 9/1/2007 6 6L 2/6 LIBOR 122132264 7.25 13.25 6 11/1/2007 5.25 6L 2/6 LIBOR 122281633 7.75 13.75 6 1/1/2008 5.25 6L 2/6 LIBOR 122355741 7.75 0 0 00/00/0000 0 F FIXED30 122199715 9 15 6 12/1/2008 7.125 LL 3/1 LIBOR 122218183 9 15 6 12/1/2008 7.125 LL 3/1 LIBOR 122360482 9.6 15.6 6 1/1/2008 6.25 6L 2/6 LIBOR 122360989 9.6 15.6 6 1/1/2008 6.25 6L 2/6 LIBOR 122492202 9.375 15.375 6 1/1/2008 6 6L 2/6 LIBOR 122593443 11.75 17.75 6 1/1/2008 6.25 6L 2/6 LIBOR 122454561 6.875 12.875 6 12/1/2007 5.5 6L 2/6 LIBOR 121993843 6.375 12.375 6 10/1/2007 5.75 6F IO 2/6 LIB 122593404 9.75 15.75 6 1/1/2008 7 6L 2/6 LIBOR 121764780 6.375 12.375 6 9/1/2010 2.75 6L IO 5/6 LIB 122434570 12.625 18.625 6 1/1/2008 7.25 6L 2/6 LIBOR 122552283 8.25 14.25 6 1/1/2008 5.25 6L 2/6 LIBOR 122276177 7.5 13.5 6 1/1/2008 5.25 6L 2/6 LIBOR 122117693 7.25 13.25 6 11/1/2007 5.5 6F IO 2/6 LIB 121748095 6.999 0 0 00/00/0000 0 F IOFIXED30 122204104 8.375 14.375 6 1/1/2008 5.25 6L 2/6P LIBOR 122333169 8.75 14.75 6 1/1/2008 6 6L 2/6 LIBOR 121745831 7 0 0 00/00/0000 0 F FIXED30 121732528 7.6 14.6 7 9/1/2008 5.85 6L 3/6 LIB 121748296 6.25 12.25 6 9/1/2007 5.25 6L 2/6 LIBOR 122616783 8.49 14.49 6 12/1/2007 5.5 6L 2/6 LIBOR 122117075 7.25 13.25 6 10/1/2007 5.5 6F IO 2/6 LIB 122210523 7.5 13.5 6 1/1/2008 5.625 6F IO 2/6 LIB 122514643 7.375 13.375 6 1/1/2008 5.25 6L 2/6LI40/30 122297542 6.875 12.875 6 12/1/2007 5.25 6L 2/6 LIBOR 122245093 8.875 0 0 00/00/0000 0 F FIXED30 122445702 9.25 15.25 6 1/1/2008 5.25 6L 2/6 LIBOR 122626879 8.375 0 0 00/00/0000 0 F FIXED30 122477414 8.625 14.625 6 1/1/2008 5.25 6L 2/6 LIBOR 122008564 7.25 13.25 6 10/1/2007 5.5 6F IO 2/6 LIB 122549167 7.25 13.25 6 1/1/2008 3 6L 2/6 LIBOR 122383314 10.875 16.875 6 1/1/2008 7 6L 2/6 LIBOR 122454926 6.75 0 0 00/00/0000 0 F 30/15 122099445 8.75 14.75 6 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122242046 7.375 13.375 6 1/1/2008 5.875 6F IO 2/6 LIB 121748011 6.5 12.5 6 10/1/2007 5.5 6L IO 2/6 LIB 121748348 6.875 12.875 6 12/1/2008 5.875 6L 3/6 LIBOR 121398782 5.375 10.375 5 5/1/2010 2.25 LL IO 5/1TREA 121714341 7.75 13.75 6 10/1/2007 5.5 6F IO 2/6 LIB 122581524 8.375 14.375 6 1/1/2008 4.25 6L 2/6 LIBOR 122246811 7.875 13.875 6 12/1/2007 5.625 6F IO 2/6 LIB 122496890 7.5 0 0 00/00/0000 0 F FIXED30 122609939 7.625 0 0 00/00/0000 0 F FIXED30 122195076 7.75 13.75 6 12/1/2007 5.75 6F IO 2/6 LIB 122218838 8.875 14.875 6 11/1/2007 5.875 6F IO 2/6 LIB 121732493 7.85 14.85 7 9/1/2008 6.1 6L IO 3/6 LIB 122060553 8.25 14.25 6 1/1/2008 6 6L 2/6 LIBOR 122084149 7.375 13.375 6 10/1/2007 5.5 6F IO 2/6 LIB 122186003 6.75 12.75 6 11/1/2007 5.5 6F IO 2/6 LIB 122308368 8.75 14.75 6 1/1/2008 5.625 6F IO 2/6 LIB 122468044 9.25 15.25 6 1/1/2008 6 6L 2/6 LIBOR 122509441 8.75 14.75 6 1/1/2008 5.875 6F IO 2/6 LIB 122578632 9.875 15.875 6 1/1/2008 6.25 6L 2/6 LIBOR 122112845 7.5 13.5 6 10/1/2007 5.5 6F IO 2/6 LIB 122613188 8.125 14.125 6 1/1/2008 6.375 6L 2/6 LIBOR 122285674 7.5 13.5 6 12/1/2007 5.25 6L 2/6 LIBOR 122188795 9.125 15.125 6 11/1/2007 6 6L 2/6 LIBOR 121748215 7.625 13.625 6 11/1/2008 6.625 6L 3/6 LIBOR 122435107 8 14 6 1/1/2008 5.625 6F IO 2/6 LIB 122281582 9 15 6 11/1/2007 5.25 6L 2/6 LIBOR 122033967 8.5 14.5 6 1/1/2008 5.625 6F IO 2/6 LIB 122248746 11.25 17.25 6 1/1/2008 7.25 6L 2/6 LIBOR 122519920 7.875 0 0 00/00/0000 0 F 30/15 122571240 8.875 14.875 6 1/1/2008 6 6F IO 2/6 LIB 122099879 8.75 14.75 6 1/1/2008 6.25 6L 2/6 LIBOR 121892053 6.875 12.875 6 10/1/2007 5.5 6F IO 2/6 LIB 122269930 7.125 0 0 00/00/0000 0 F IO F30/120 121732596 9.55 16.55 7 9/1/2008 7.8 6L 3/6 LIB 122577032 8.875 14.875 6 1/1/2008 5.25 6L 2/6 LIBOR 122141779 7.125 13.125 6 11/1/2007 5.5 6F IO 2/6 LIB 122533391 9.75 15.75 6 1/1/2008 5.25 6L 2/6 LIBOR 122513686 7.75 13.75 6 1/1/2008 6 6L 2/6 LIBOR 121732600 7.6 14.6 7 8/1/2008 5.85 6L IO 3/6 LIB 122670618 6.875 12.875 6 1/1/2009 3.75 6L IO 3/6 LIB 121749018 7.125 13.125 6 9/1/2007 6.125 6L 2/6 LIB 121748002 6.375 12.375 6 8/1/2007 5.375 6L IO 2/6 LIB 122480205 9.625 15.625 6 1/1/2008 5.75 6L 2/6 LIBOR 122275664 7.5 13.5 6 12/1/2007 5.5 6F IO 2/6 LIB 121745840 6.625 12.625 6 11/1/2007 5.625 6L 2/6 LIBOR 122457067 8.5 14.5 6 1/1/2008 5.5 6L 2/6 LIBOR 121748220 8.5 14.5 6 10/1/2007 7.5 6L IO 2/6 LIB 122234404 9 0 0 00/00/0000 0 F FIXED30 122571063 7.5 13.5 6 1/1/2008 5.25 6L 2/6 LIBOR 122108066 6.375 12.375 6 1/1/2008 4 6L 2/6 LIBOR 122517831 8.875 14.875 6 1/1/2008 5.5 6L 2/6 LIBOR 122465361 8.375 14.375 6 12/1/2007 5.75 6F IO 2/6 LIB 121748183 5.5 11.5 6 9/1/2007 4.5 6L IO 2/6 LIB 122216729 7.125 13.125 6 11/1/2007 5.5 6F IO 2/6 LIB 122527318 7.25 13.25 6 1/1/2008 5.5 6L 2/6LI40/30 122631873 6.375 0 0 00/00/0000 0 F FIXED30 122363034 8.875 14.875 6 12/1/2007 5.25 6L 2/6 LIBOR 121732480 8.35 15.35 7 9/1/2008 6.6 6L 3/6 LIB 122261437 7.625 13.625 6 1/1/2008 3.5 6F IO 2/6 LIB 122371332 9.875 15.875 6 1/1/2008 7.25 6L 2/6 LIBOR 122360302 8.5 14.5 6 1/1/2008 6 6F IO 2/6 LIB 122450664 8.5 0 0 00/00/0000 0 F FIXED30 122559972 8.75 14.75 6 1/1/2008 5.25 6L 2/6 LIBOR 122590537 8.125 14.125 6 1/1/2008 5.25 6L 2/6LI40/30 122347201 6.875 12.875 6 1/1/2008 5.5 6L 2/6 LIBOR 122349492 7.875 13.875 6 12/1/2007 7.375 6F IO 2/6 LIB 122527172 7.375 0 0 00/00/0000 0 F 30/15 122555278 7.625 13.625 6 1/1/2008 5.5 6L 2/6LI40/30 121749005 5.5 11.5 6 6/1/2007 4.5 6L 2/6 LIB 122450809 11.875 17.875 6 1/1/2008 7.25 6L 2/6 LIBOR 122486265 11.625 0 0 00/00/0000 0 F FIXED30 121524593 7.75 0 0 00/00/0000 0 F 30/15 122383038 6.75 0 0 00/00/0000 0 F FIXED15 122271052 8.375 14.375 6 1/1/2008 5.875 6F IO 2/6 LIB 122497432 7.5 13.5 6 1/1/2008 5.25 6L 2/6 LIBOR 122218087 7.125 0 0 00/00/0000 0 F 30/15 122526929 6.5 0 0 00/00/0000 0 F 30/15 122531748 6.625 12.625 6 1/1/2008 6 6L 2/6 LIBOR 122106342 9.625 15.625 6 1/1/2008 5 6L 2/6 LIBOR 121877667 6.375 12.375 6 11/1/2007 5.5 6F IO 2/6 LIB 122519831 6.75 0 0 00/00/0000 0 F 30/15 122541295 7.75 13.75 6 1/1/2009 5.625 6L 3/6LI40/30 122236880 7.75 13.75 6 11/1/2007 5.5 6F IO 2/6 LIB 122502243 7.875 13.875 6 1/1/2008 5.625 6F IO 2/6 LIB 122474789 7.25 13.25 6 1/1/2008 5.25 6L 2/6 LIBOR 122569561 12.5 18.5 6 1/1/2008 7.25 6L 2/6 LIBOR 122597549 6.375 12.375 6 1/1/2008 5.375 6L 2/6LI40/30 122449967 9.25 0 0 00/00/0000 0 F FIXED30 121880162 7 13 6 10/1/2010 6.25 6L IO 5/6 LIB 122263564 7.875 13.875 6 12/1/2007 5.75 6F IO 2/6 LIB 121732511 9.5 16.5 7 7/1/2008 8.4 6L 3/6 LIB 121745851 7.875 13.875 6 11/1/2007 6.875 7L IO 2/6 LIB 122346690 9.625 15.625 6 1/1/2008 5.25 6L 2/6 LIBOR 121732606 7.7 14.7 7 9/1/2008 5.95 6L IO 3/6 LIB 122267507 7.875 13.875 6 12/1/2007 5.625 6F IO 2/6 LIB 122272723 8.25 14.25 6 1/1/2008 5.25 6L 2/6 LIBOR 122293627 7.5 13.5 6 1/1/2008 5.625 6F IO 2/6 LIB 122375909 7 13 6 12/1/2007 5.625 6F IO 2/6 LIB 122439213 9.25 15.25 6 1/1/2008 5.25 6L 2/6 LIBOR 122220263 7.625 13.625 6 11/1/2008 5.5 6L IO 3/6 LIB 121952839 7.75 13.75 6 9/1/2007 6 6L 2/6 LIBOR 122079918 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11/1/2007 5.5 6F IO 2/6 LIB 122240091 6.875 12.875 6 1/1/2008 5.25 6L 2/6LI40/30 122363433 8.75 14.75 6 1/1/2008 5.625 6F IO 2/6 LIB 122454276 8 14 6 1/1/2008 5.25 6L 2/6 LIBOR 122589799 6.375 12.375 6 1/1/2009 3 6L IO 3/6 LIB 122604658 7.625 12.625 5 1/1/2011 3.75 6L IO 5/6 LIB 122394722 9.375 0 0 00/00/0000 0 F FIXED30 122336472 11.5 17.5 6 1/1/2008 7.25 6L 2/6 LIBOR 122057533 9.125 0 0 00/00/0000 0 F FIXED30 122125313 6 0 0 00/00/0000 0 F FIXED15 121749008 6.875 12.875 6 8/1/2007 5.5 6L 2/6 LIB 121748345 7.99 13.99 6 11/1/2007 6.99 6L IO 2/6 LIB 121732598 7.7 14.7 7 9/1/2008 6.6 6L 3/6 LIB 122290613 9.875 15.875 6 11/1/2008 5.25 6L 3/6 LIBOR 122236382 8.875 14.875 6 12/1/2007 5.625 6F IO 2/6 LIB 122373991 7.875 13.875 6 12/1/2007 5.25 6L 2/6 LIBOR 122439913 9.25 15.25 6 12/1/2007 5.25 6L 2/6 LIBOR 122126378 6.875 12.875 6 10/1/2007 5.5 6F IO 2/6 LIB 122603018 8.125 14.125 6 1/1/2008 5.25 6L 2/6LI40/30 122482681 8.125 0 0 00/00/0000 0 F IO F30/120 122313137 6.375 12.375 6 12/1/2007 5.625 6F IO 2/6 LIB 121723181 6.5 12.5 6 7/1/2008 5.5 7L IO 3/6 LIB 122010730 9.5 15.5 6 1/1/2009 6.75 6L 3/6 LIBOR 122259790 7.5 13.5 6 11/1/2007 6.375 6F IO 2/6 LIB 122507890 7.25 13.25 6 1/1/2008 5.625 6F IO 2/6 LIB 122518361 8.75 14.75 6 1/1/2008 5.5 6L 2/6 LIBOR 122588385 8.75 14.75 6 1/1/2011 6.375 6L IO 5/6 LIB 121794398 6.375 12.375 6 8/1/2007 5.5 6F IO 2/6 LIB 121732539 9.4 16.4 7 9/1/2008 7.65 6L 3/6 LIB 122165740 9.625 15.625 6 11/1/2008 5 6L 3/6 LIBOR 121937019 6.75 0 0 00/00/0000 0 F 30/15 122657122 6.5 12.5 6 2/1/2016 3 6L IO 5/6 LIB 122545369 8.75 14.75 6 1/1/2008 5 6L 2/6LI40/30 122351340 8.25 14.25 6 12/1/2007 6 6F IO 2/6 LIB 122243835 8.375 14.375 6 1/1/2008 5 6L 2/6 LIBOR 121748998 6.125 12.125 6 3/1/2007 5.125 6L 2/6 LIB 122012173 8.75 14.75 6 11/1/2007 6.25 6F IO 2/6 LIB 122003049 7.125 0 0 00/00/0000 0 F 30/15 122524908 7.375 13.375 6 1/1/2008 5.25 6L 2/6 LIBOR 122252846 8.5 14.5 6 1/1/2008 5.25 6L 2/6 LIBOR 122438237 9.25 15.25 6 1/1/2008 6.25 6L 2/6 LIBOR 122567528 9.375 15.375 6 1/1/2009 7 1T 3/1 ARM 122060505 8.125 14.125 6 10/1/2007 6 6F IO 2/6 LIB 122544139 7.875 13.875 6 1/1/2008 6 6L 2/6LI40/30 122471990 8.375 14.375 6 1/1/2008 5.25 6L 2/6 LIBOR 121735724 6 0 0 00/00/0000 0 F IOFIXED30 122524920 9.125 15.125 6 1/1/2008 5.25 6L 2/6P LIBOR 122525926 7.625 13.625 6 1/1/2008 5.25 6L 2/6 LIBOR 122527844 8.125 14.125 6 1/1/2008 5.25 6F IO 2/6 LIB 122552140 7.875 13.875 6 1/1/2008 5.625 6F IO 2/6 LIB 122576415 7.125 13.125 6 1/1/2008 5.625 6F IO 2/6 LIB 122521657 8.375 14.375 6 1/1/2008 5.75 6F IO 2/6 LIB 122025395 8.875 14.875 6 10/1/2007 5.875 6F IO 2/6 LIB 122245529 9.25 15.25 6 11/1/2007 6 6L 2/6 LIBOR 121738503 7.25 13.25 6 9/1/2007 3.375 7L IO 2/6 LIB 121941294 6.625 0 0 00/00/0000 0 F FIXED30 122203579 7.625 13.625 6 1/1/2008 3.5 6F IO 2/6 LIB 122624312 7 12 5 1/1/2011 5.25 6L IO 5/6 LIB 122360625 6.99 12.99 6 1/1/2008 5.25 6L 2/6 LIBOR 122200955 8.75 14.75 6 1/1/2009 5.25 6L 3/6 LIBOR 122534648 7.5 13.5 6 1/1/2008 5.25 6L 2/6 LIBOR 121738560 7.55 13.55 6 9/1/2007 5.25 6L 2/6 LIBOR 122616777 7.99 13.99 6 12/1/2007 5.65 6L 2/6 LIBOR 122283113 8.875 14.875 6 1/1/2008 5.5 6L 2/6 LIBOR 121747627 7.5 13.5 6 10/1/2007 6.5 6L IO 2/6 LIB 122076460 7.375 13.375 6 1/1/2008 5.625 6L 2/6P LIBOR 121748340 7.5 13.5 6 11/1/2008 6.5 6L IO 3/6 LIB 122445887 9.5 15.5 6 1/1/2008 6 6L 2/6 LIBOR 121745846 6.875 12.875 6 11/1/2007 5.875 7L IO 2/6 LIB 122045296 6.75 12.75 6 10/1/2007 5.5 6F IO 2/6 LIB 122432529 7.525 13.525 6 1/1/2008 5.25 6L 2/6 LIBOR 122433726 6.25 12.25 6 1/1/2008 5.625 6L 2/6 LIBOR 121846667 7.375 13.375 6 12/1/2007 5.625 6F IO 2/6 LIB 122523510 6.875 12.875 6 1/1/2008 5.25 6L 2/6 LIBOR 122515400 8.5 14.5 6 1/1/2008 5.25 6L 2/6 LIBOR 122395832 8.75 14.75 6 1/1/2008 5.25 6L 2/6 LIBOR 122081704 6.25 12.25 6 11/1/2007 5.25 6L 2/6 LIBOR 122593722 7.375 13.375 6 1/1/2008 5.25 6L 2/6 LIBOR 121982408 6.25 12.25 6 10/1/2007 5.5 6F IO 2/6 LIB 122273031 7 13 6 11/1/2007 5.625 6F IO 2/6 LIB 122481676 8 0 0 00/00/0000 0 F FIXED40/30 122347881 8.625 14.625 6 12/1/2007 6 6F IO 2/6 LIB 122461576 7.625 13.625 6 1/1/2008 6 6L 2/6 LIBOR 122074976 6.25 0 0 00/00/0000 0 F FIXED30 122326772 8 14 6 1/1/2011 5.75 6L 5/6 LIBOR 121749060 6.5 12.5 6 11/1/2007 5.5 6L 2/6 LIB 121749080 6.375 12.375 6 12/1/2007 5.375 6L 2/6 LIB 121745836 6.375 12.375 6 11/1/2007 5.375 7L IO 2/6 LIB 122492667 9.375 15.375 6 1/1/2008 5.25 6L 2/6 LIBOR 122549578 11.5 0 0 00/00/0000 0 F FIXED30 121745801 6.75 12.75 6 10/1/2007 5.75 7L IO 2/6 LIB 122510391 8.875 14.875 6 1/1/2009 5.25 1T 3/1 ARM 122555556 10.25 16.25 6 1/1/2008 7.25 6L 2/6 LIBOR 122610100 7.875 13.875 6 1/1/2008 3.75 6F IO 2/6 LIB 122483966 7.375 12.375 5 1/1/2011 4.25 6L IO 5/6 LIB 122618626 12.625 18.625 6 1/1/2008 7.25 6L 2/6 LIBOR 122443183 8 14 6 1/1/2008 5.25 6L 2/6 LIBOR 122198075 6.5 12.5 6 12/1/2008 5.5 6L IO 3/6 LIB 121732537 8.925 15.925 7 9/1/2008 6.55 6L 3/6 LIB 122519411 8.625 0 0 00/00/0000 0 F FIXED30 121724854 6.675 0 0 00/00/0000 0 F FIXED15 122094616 7.5 13.5 6 11/1/2007 5.5 6F IO 2/6 LIB 122533029 8.25 14.25 6 1/1/2008 5.625 6F IO 2/6 LIB 121939165 11.125 17.125 6 1/1/2008 7.25 6L 2/6 LIBOR 122459702 7 13 6 1/1/2008 5.5 6L 2/6 LIBOR 122528230 8.375 14.375 6 1/1/2008 5.5 6L 2/6 LIBOR 122131889 6.875 12.875 6 11/1/2007 5.5 6F IO 2/6 LIB 122075284 5.125 11.125 6 11/1/2007 5.5 6F IO 2/6 LIB 122095418 6.125 12.125 6 10/1/2007 5.5 6F IO 2/6 LIB 122260429 7.875 13.875 6 1/1/2008 5.875 6F IO 2/6 LIB 122338794 7.875 13.875 6 1/1/2008 5.25 6L 2/6 LIBOR 122293106 10 0 0 00/00/0000 0 F FIXED30 122515356 9.125 15.125 6 1/1/2009 5.5 6L 3/6 LIBOR 122176974 7.875 13.875 6 11/1/2007 6 6L 2/6 LIBOR 121748049 5 11 6 9/1/2008 4 6L IO 3/6 LIB 121775901 6.25 12.25 6 10/1/2007 5.5 6L 2/6 LIBOR 122523801 7.99 13.99 6 1/1/2008 5.25 6L 2/6LI40/30 122559967 7.625 13.625 6 1/1/2008 5.25 6L 2/6 LIBOR 121747657 6.25 12.25 6 11/1/2008 5.25 6L IO 3/6 LIB 122021769 7 13 6 10/1/2007 5.875 6F IO 2/6 LIB 122301713 6.625 12.625 6 12/1/2007 5.875 6F IO 2/6 LIB 121935670 6.2 12.2 6 8/1/2007 5.2 6F IO 2/6 LIB 122361780 8.25 14.25 6 1/1/2009 5.625 6L IO 3/6 LIB 121748021 6 12 6 10/1/2007 5 6L IO 2/6 LIB 122368212 9.125 15.125 6 1/1/2008 5.5 6L 2/6 LIBOR 121733011 8.675 14.675 6 9/1/2007 6.95 6L IO 2/6 LIB 121987864 7.625 13.625 6 11/1/2007 5.5 6F IO 2/6 LIB 122391952 7.25 0 0 00/00/0000 0 F FIXED30 122439912 7.625 13.625 6 1/1/2008 5.25 6L 2/6LI40/30 122507809 7.25 12.25 5 1/1/2011 3.25 LL 5/1 LIBOR 122548289 8.625 14.625 6 1/1/2009 5.25 6L IO 3/6 LIB 121732522 7.15 14.15 7 9/1/2008 5.4 6L 3/6 LIB 122262658 7.375 13.375 6 12/1/2007 5.5 6F IO 2/6 LIB 122322341 7.875 0 0 00/00/0000 0 F FIXED30 122398448 5.625 11.625 6 11/1/2007 5.75 7L 2/6 LIBOR 122036481 7 13 6 10/1/2007 5.5 6F IO 2/6 LIB 122293478 6.5 12.5 6 12/1/2007 5.5 6F IO 2/6 LIB 122487605 6.625 12.625 6 1/1/2008 5.625 6L 2/6 LIBOR 122519458 7.5 13.5 6 1/1/2008 5.5 6L 2/6 LIBOR 122527456 10.625 0 0 00/00/0000 0 F FIXED30 122478112 9.5 15.5 6 1/1/2008 6 6L 2/6 LIBOR 122156491 6.25 12.25 6 11/1/2007 5.625 6F IO 2/6 LIB 122214497 8.75 14.75 6 12/1/2007 6 6L 2/6 LIBOR 122506374 7.75 13.75 6 1/1/2008 5.25 6L 2/6LI40/30 122452553 9.125 15.125 6 1/1/2011 6.125 6L IO 5/6 LIB 122448099 9.125 15.125 6 12/1/2007 5.875 6F IO 2/6 LIB 122540996 8.125 14.125 6 1/1/2008 5.875 6F IO 2/6 LIB 121748053 5.5 11.5 6 8/1/2008 4.5 6L IO 3/6 LIB 122478666 8.375 14.375 6 1/1/2008 5.625 6F IO 2/6 LIB 122559786 8.75 0 0 00/00/0000 0 F FIXED30 121825366 6.875 12.875 6 9/1/2008 5.5 6L IO 3/6 LIB 122114240 6.875 12.875 6 11/1/2007 5.5 6F IO 2/6 LIB 122618925 7.25 12.25 5 1/1/2011 5.25 6L IO 5/6 LIB 121747998 6.5 12.5 6 9/1/2007 5.5 6L IO 2/6 LIB 121740385 5.875 11.875 6 10/1/2010 2.25 6L IO 5/6 LIB 122495550 6.875 12.875 6 1/1/2008 5.5 6L 2/6 LIBOR 122259057 9.875 15.875 6 1/1/2008 7.25 6L 2/6 LIBOR 122513051 8.375 14.375 6 1/1/2008 5.875 6F IO 2/6 LIB 121627802 8 0 0 00/00/0000 0 F 30/15 122616774 6.93 12.93 6 12/1/2007 6.1 6L 2/6 LIBOR 122366040 8.75 14.75 6 1/1/2008 5 6L 2/6 LIBOR 122532324 9.125 15.125 6 1/1/2008 5.5 6L 2/6 LIBOR 122667955 10.75 16.75 6 1/1/2008 5.75 6L 2/6 LIBOR 122161718 7.5 13.5 6 11/1/2007 5 6L 2/6 LIBOR 121745813 6.75 12.75 6 10/1/2007 5.75 7L IO 2/6 LIB 122268982 8.75 14.75 6 1/1/2008 5 6L 2/6 LIBOR 122347273 10.875 16.875 6 1/1/2008 5 6L 2/6P LIBOR 122479553 6.875 0 0 00/00/0000 0 F FIXED15 122496579 11.5 17.5 6 1/1/2008 7 6L 2/6 LIBOR 122571780 8.75 14.75 6 1/1/2008 5 6L 2/6 LIBOR 122371701 8.375 14.375 6 1/1/2008 5.25 6L 2/6 LIBOR 122076446 8.25 14.25 6 10/1/2007 5.75 6L 2/6 LIBOR 122541074 7.875 13.875 6 1/1/2008 5.25 6L 2/6 LIBOR 122377415 10.125 16.125 6 1/1/2008 6 6L 2/6 LIBOR 122137640 7.375 13.375 6 12/1/2007 5.75 6F IO 2/6 LIB 122460870 8.625 14.625 6 1/1/2009 5 6L 3/6 LIBOR 121870582 6.875 12.875 6 10/1/2007 5.5 6F IO 2/6 LIB 122550184 8.25 14.25 6 1/1/2008 5.25 6L 2/6LI40/30 122297147 7 13 6 1/1/2008 5 6L 2/6 LIBOR 121747977 6.5 12.5 6 11/1/2008 5.5 6L IO 3/6 LIB 122122041 7.625 13.625 6 11/1/2007 5.25 6F IO 2/6 LIB 122491535 7.975 13.975 6 1/1/2008 5.875 6F IO 2/6 LIB 122339909 5.75 11.75 6 12/1/2007 5 6L 2/6LI40/30 121732548 8.75 15.75 7 9/1/2008 7 6L 3/6 LIB 122143962 11.875 17.875 6 1/1/2008 7.25 6L 2/6 LIBOR 122332650 6.875 0 0 00/00/0000 0 F 30/15 122592916 7.5 13.5 6 1/1/2008 4.25 6L 2/6 LIBOR 121445784 7.5 0 0 00/00/0000 0 F FIXED15 122183997 6.875 12.875 6 11/1/2010 5.75 6L IO 5/6 LIB 122470904 8.375 14.375 6 1/1/2008 5.375 6F IO 2/6 LIB 122589371 11.625 17.625 6 1/1/2008 7 6L 2/6 LIBOR 121890858 5.625 11.625 6 9/1/2007 5 6F IO 2/6 LIB 122274554 7.125 13.125 6 12/1/2007 5.25 6F IO 2/6 LIB 121749036 6.125 0 0 00/00/0000 0 F FIXED30 122074989 7.125 13.125 6 9/1/2008 6.125 6L IO 3/6 LIB 122553841 8.375 14.375 6 1/1/2008 5.625 6F IO 2/6 LIB 122558555 7.5 13.5 6 1/1/2008 5.25 6L 2/6LI40/30 122159102 5.875 0 0 00/00/0000 0 F FIXED30 122625447 5.875 0 0 00/00/0000 0 F FIXED15 121732524 8.425 15.425 7 9/1/2008 6.05 6L 3/6 LIB 122589634 9 15 6 1/1/2008 5 6L 2/6 LIBOR 122173898 8.75 14.75 6 11/1/2007 5.75 6L 2/6 LIBOR 122033632 8.125 14.125 6 10/1/2007 5.75 6L 2/6 LIBOR 122392027 7.5 13.5 6 1/1/2008 5.625 6L 2/6 LIBOR 122516261 7.75 13.75 6 1/1/2008 5 6L 2/6 LIBOR 122329169 8.625 14.625 6 1/1/2008 5.625 6L 2/6 LIBOR 122298810 9.25 15.25 6 12/1/2007 5 6L 2/6 LIBOR 122540249 9.75 15.75 6 1/1/2008 7 6L 2/6P LIBOR 122602640 7.375 13.375 6 1/1/2008 5 6L 2/6LI40/30 122524330 11.75 17.75 6 1/1/2008 5.375 6L 2/6 LIBOR 121958367 7 13 6 10/1/2007 5.5 6F IO 2/6 LIB 122331300 6.75 12.75 6 12/1/2007 5.625 6F IO 2/6 LIB 122533608 8.25 14.25 6 1/1/2008 5.5 6F IO 2/6 LIB 122569424 8 14 6 1/1/2008 5.625 6L 2/6LI40/30 122571699 10 16 6 1/1/2008 6 6L 2/6 LIBOR 122616781 8.85 14.85 6 1/1/2008 5.65 6L 2/6 LIBOR 122076638 7.25 13.25 6 11/1/2007 5 6L 2/6 LIBOR 122497242 8 14 6 1/1/2008 5.625 6F IO 2/6 LIB 122076826 8.25 14.25 6 1/1/2008 5.5 6F IO 2/6 LIB 122340231 7.25 13.25 6 1/1/2008 5.375 6F IO 2/6 LIB 121636592 7.5 13.5 6 9/1/2007 5.25 6F IO 2/6 LIB 122024423 5.875 11.875 6 10/1/2007 5.25 6F IO 2/6 LIB 121748019 5.5 11.5 6 10/1/2008 4.5 6L IO 3/6 LIB 122563176 9.25 15.25 6 1/1/2008 6 6L 2/6 LIBOR 122357958 11.125 17.125 6 1/1/2008 7 6L 2/6P LIBOR 122052033 12.5 18.5 6 1/1/2008 7.25 6L 2/6 LIBOR 122212234 7.25 13.25 6 11/1/2007 5.125 6F IO 2/6 LIB 121747714 6.5 12.5 6 10/1/2010 5.5 6L IO 5/6 LIB 122464556 7.875 13.875 6 1/1/2008 5.5 6F IO 2/6 LIB 122345970 7.75 13.75 6 1/1/2008 5.625 6F IO 2/6 LIB 122021218 11.5 17.5 6 11/1/2007 7.25 6L 2/6 LIBOR 122606576 7.75 13.75 6 1/1/2008 5.375 6L 2/6 LIBOR 122443775 9 15 6 1/1/2008 5.25 6L 2/6 LIBOR 122298679 8.25 14.25 6 11/1/2007 5.25 6F IO 2/6 LIB 121732584 7.5 14.5 7 9/1/2008 5.75 6L IO 3/6 LIB 121976999 6.625 12.625 6 10/1/2007 5.25 6F IO 2/6 LIB 122467700 8.125 14.125 6 12/1/2007 5.375 6F IO 2/6 LIB 122488911 7.875 13.875 6 1/1/2008 5.25 6F IO 2/6 LIB 122257594 6.5 0 0 00/00/0000 0 F FIXED30 122263762 11.75 17.75 6 1/1/2008 7 6L 2/6 LIBOR 122240121 7.625 13.625 6 12/1/2007 5.375 6F IO 2/6 LIB 122504111 7.88 13.88 6 1/1/2008 5 6L 2/6 LIBOR 121748026 6.875 12.875 6 10/1/2007 5.875 6L IO 2/6 LIB 121740531 6.15 12.15 6 8/1/2007 5.25 6L IO 2/6 LIB 122561404 6.875 12.875 6 1/1/2008 5 6L 2/6 LIBOR 121936843 6.875 12.875 6 10/1/2008 5.5 6L IO 3/6 LIB 121967866 7.875 13.875 6 11/1/2007 5.75 6F IO 2/6 LIB 122012941 7.25 13.25 6 10/1/2007 5.25 6F IO 2/6 LIB 122058828 6.375 12.375 6 10/1/2007 5.25 6F IO 2/6 LIB 122560383 7.875 13.875 6 1/1/2008 5.625 6L 2/6 LIBOR 122566692 7.75 13.75 6 1/1/2008 5.25 6L 2/6LI40/30 122575283 8.125 14.125 6 1/1/2008 5 6L 2/6 LIBOR 122391469 7 13 6 12/1/2007 5 6L 2/6 LIBOR 122137711 8.5 14.5 6 1/1/2009 5.5 1T 3/1 ARM 121747752 7.5 13.5 6 8/1/2007 6.5 6L IO 2/6 LIB 122550955 8.625 14.625 6 1/1/2008 5 6L 2/6LI40/30 121747654 7.125 13.125 6 11/1/2007 6.125 6L 2/6 LIBOR 121749011 7.875 13.875 6 8/1/2007 6.875 6L 2/6 LIBOR 122249363 8.875 14.875 6 12/1/2007 5 6L 2/6 LIBOR 122235669 9.75 15.75 6 12/1/2007 5.25 6L 2/6 LIBOR 121982068 7.75 13.75 6 11/1/2007 5.75 6F IO 2/6 LIB 122078331 8.375 14.375 6 10/1/2007 5 6L 2/6 LIBOR 121732507 7.95 14.95 7 9/1/2008 6.2 6L IO 3/6 LIB 122123697 7.25 13.25 6 12/1/2008 5.375 6L IO 3/6 LIB 122645210 7.5 13.5 6 1/1/2009 4.25 6L 3/6 LIBOR 122386950 7.95 13.95 6 1/1/2009 6.375 6L IO 3/6 LIB 122349525 9.375 15.375 6 1/1/2008 6 6L 2/6 LIBOR 122331960 7.75 0 0 00/00/0000 0 F FIXED40/30 121732497 8.175 15.175 7 9/1/2008 5.8 6L 3/6 LIB 121748226 6.5 12.5 6 10/1/2007 5.5 6L 2/6 LIBOR 122260152 7.375 13.375 6 12/1/2007 5.75 6F IO 2/6 LIB 121983663 8.75 14.75 6 10/1/2007 5.75 6F IO 2/6 LIB 122518098 6.5 0 0 00/00/0000 0 F FIXED30 122526750 7.875 13.875 6 1/1/2008 5 6L 2/6 LIBOR 122321138 7.25 13.25 6 12/1/2007 5.75 6L 2/6 LIBOR 121747852 5.625 11.625 6 10/1/2007 4.625 6L 2/6 LIBOR 122372789 11.75 17.75 6 1/1/2008 7 6L 2/6 LIBOR 122552472 7.25 13.25 6 1/1/2008 5 6L 2/6 LIBOR 122563613 7.5 13.5 6 1/1/2011 2.75 6L IO 5/6 LIB 122107260 7 13 6 11/1/2007 5.25 6F IO 2/6 LIB 122529650 8.875 14.875 6 1/1/2008 6 6F IO 2/6 LIB 122308169 8.625 14.625 6 12/1/2007 5.625 6F IO 2/6 LIB 122322758 6.75 12.75 6 12/1/2010 6.125 6L IO 5/6 LIB 121917659 5.75 11.75 6 10/1/2008 5.25 6L IO 3/6 LIB 122134260 7.625 13.625 6 11/1/2010 2.75 6L IO 5/6 LIB 122462483 6.75 12.75 6 1/1/2008 5.625 6F IO 2/6 LIB 122486111 8.375 14.375 6 1/1/2008 5.25 6L 2/6P LIBOR 122525652 6.5 12.5 6 1/1/2009 5.625 6L IO 3/6 LIB 122581583 8.5 14.5 6 1/1/2008 5.5 6F IO 2/6 LIB 122617509 7.5 0 0 00/00/0000 0 F FIXED40/30 122164137 7.75 13.75 6 12/1/2007 6 6L 2/6 LIBOR 122300837 11.375 17.375 6 12/1/2007 7.25 6L 2/6 LIBOR 122436787 12.125 18.125 6 1/1/2008 7 6L 2/6 LIBOR 122010614 8.625 14.625 6 1/1/2008 5.625 6F IO 2/6 LIB 122429481 7 13 6 1/1/2008 5.25 6L 2/6 LIBOR 122548299 9.625 15.625 6 1/1/2008 5 6L 2/6 LIBOR 121745852 7.125 13.25 6.125 11/1/2007 6.125 7L IO 2/6 LIB 122573116 7.25 13.25 6 1/1/2008 5.25 6L 2/6LI40/30 122395162 8.5 14.5 6 1/1/2008 6 6L 2/6 LIBOR 121727477 6.125 11.125 5 6/1/2010 2.25 7L IO 5/6 LIB 122039895 6.5 12.5 6 10/1/2007 5.25 6F IO 2/6 LIB 122336956 8 14 6 1/1/2008 5.25 6F IO 2/6 LIB 122440720 7.5 13.5 6 1/1/2008 5.375 6F IO 2/6 LIB 122523797 9.25 15.25 6 1/1/2008 5 6L 2/6 LIBOR 121745814 6.875 12.875 6 10/1/2007 5.875 6L 2/6 LIBOR 122496754 8.125 14.125 6 1/1/2008 6 6L 2/6 LIBOR 122529407 10.25 16.25 6 1/1/2008 5 6L 2/6 LIBOR 122618143 7.5 13.5 6 1/1/2008 5 6L 2/6LI40/30 122129013 7.5 13.5 6 11/1/2007 6.125 6F IO 2/6 LIB 122130447 7.99 13.99 6 10/1/2007 6 6L 2/6 LIBOR 122514925 8.625 14.625 6 1/1/2008 5 6L 2/6 LIBOR 122577681 9.125 15.125 6 1/1/2008 5.75 6L 2/6 LIBOR 121732578 8.9 15.9 7 7/1/2008 7.8 6L IO 3/6 LIB 122594406 8.5 14.5 6 1/1/2008 5.375 6F IO 2/6 LIB 122091155 8.875 14.875 6 10/1/2007 6 6F IO 2/6 LIB 122377656 8.25 14.25 6 1/1/2008 5.625 6F IO 2/6 LIB 121742714 6.875 0 0 00/00/0000 0 F FIXED30 121534285 6.5 12.5 6 9/1/2007 5.5 6F IO 2/6 LIB 122245776 8.125 14.125 6 12/1/2007 6.125 6F IO 2/6 LIB 121732544 8.95 15.95 7 9/1/2008 7.2 6L 3/6 LIB 122486899 8.75 14.75 6 1/1/2008 5.375 6L 2/6 LIBOR 122265980 8.625 14.625 6 1/1/2008 5.375 6L 2/6LI40/30 121859181 9.125 15.125 6 9/1/2007 6.25 6L 2/6 LIBOR 122495709 8.5 14.5 6 1/1/2008 5.5 6L 2/6 LIBOR 122220674 8.875 14.875 6 1/1/2008 5.75 6L 2/6 LIBOR 122566203 8.375 0 0 00/00/0000 0 F FIXED30 122570804 8.875 14.875 6 1/1/2008 5 6L 2/6 LIBOR 122199809 6.875 12.875 6 11/1/2007 5.25 6F IO 2/6 LIB 122115488 6.875 12.875 6 11/1/2007 5.375 6F IO 2/6 LIB 122569027 6.625 12.625 6 1/1/2008 5 6L 2/6 LIBOR 122186319 7.375 13.375 6 11/1/2007 5.25 6F IO 2/6 LIB 122338471 7.625 13.625 6 12/1/2007 5.375 6F IO 2/6 LIB 121598608 6.5 12.5 6 11/1/2007 5.25 6F IO 2/6 LIB 121772511 7.125 13.125 6 9/1/2008 5.5 6L IO 3/6 LIB 121956841 8.25 14.25 6 9/1/2007 5.25 6F IO 2/6 LIB 122064563 8.125 14.125 6 10/1/2007 6 6F IO 2/6 LIB 122352237 7.75 13.75 6 1/1/2008 5.375 6F IO 2/6 LIB 122535508 7.375 12.375 5 1/1/2011 3.25 6L IO 5/6 LIB 122599965 7.625 13.625 6 1/1/2008 5.375 6F IO 2/6 LIB 121727560 5.625 10.625 5 7/1/2010 2.25 7L IO 5/6 LIB 122667814 8.6 15.1 6.5 10/1/2007 7.75 6L 2/6 LIBOR 122593423 6.75 12.75 6 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LIB 122447695 8 14 6 1/1/2008 5 6L 2/6LI40/30 122074886 6.25 12.25 6 9/1/2007 5.25 6L 2/6 LIBOR 121748029 6.99 0 0 00/00/0000 0 F IOFIXED30 121822009 7.125 13.125 6 11/1/2007 5.5 6F IO 2/6 LIB 122169596 7.875 13.875 6 11/1/2007 5.375 6F IO 2/6 LIB 122361290 7.875 13.875 6 12/1/2007 5.375 6F IO 2/6 LIB 122387671 8 14 6 12/1/2007 5.375 6F IO 2/6 LIB 122515430 8.375 14.375 6 1/1/2008 5 6L 2/6 LIBOR 122546865 7.125 13.125 6 1/1/2008 5.375 6F IO 2/6 LIB 122464481 10.25 0 0 00/00/0000 0 F FIXED30 122558336 9 15 6 1/1/2008 5 6L 2/6 LIBOR 121747765 5.625 11.625 6 9/1/2008 4.625 6L IO 3/6 LIB 121745837 7.375 13.375 6 11/1/2007 6.375 7L IO 2/6 LIB 122565144 8.25 14.25 6 1/1/2008 6.25 6L 2/6 LIBOR 122616790 9.055 15.055 6 12/1/2010 6.1 6L 5/6 LIBOR 122559595 7.375 12.375 5 1/1/2011 3.75 6L IO 5/6 LIB 122559636 8.875 14.875 6 1/1/2008 5.375 6L 2/6 LIBOR 122535659 10.375 16.375 6 1/1/2008 6.75 6L 2/6 LIBOR 122252485 9.25 0 0 00/00/0000 0 F FIXED30 122307258 6 12 6 7/1/2007 5 6L 2/6 LIBOR 122474728 7 13 6 1/1/2008 5.375 6F IO 2/6 LIB 122061314 7.35 13.35 6 11/1/2007 5.75 6L 2/6 LIBOR 122651224 7.875 13.875 6 1/1/2008 5.25 6L 2/6 LIBOR 122541774 7.875 13.875 6 1/1/2008 5.375 6L 2/6P LIBOR 122429553 8.125 14.125 6 1/1/2008 5.5 6F IO 2/6 LIB 122271976 8.25 14.25 6 1/1/2008 5 6L 2/6 LIBOR 122586945 8.5 14.5 6 1/1/2008 5.25 6L 2/6 LIBOR 122524464 6.875 0 0 00/00/0000 0 F FIXED30 122283131 7.625 13.625 6 1/1/2008 5 6L 2/6LI40/30 122293947 7.25 13.25 6 11/1/2007 7.25 6F IO 2/6 LIB 122007001 8.625 14.625 6 10/1/2007 5.75 6F IO 2/6 LIB 122248991 8.875 14.875 6 11/1/2007 5.625 6F IO 2/6 LIB 122369040 6.875 12.875 6 12/1/2007 5.375 6F IO 2/6 LIB 122575057 7.25 13.25 6 1/1/2008 5.375 6F IO 2/6 LIB 122577217 9.875 15.875 6 1/1/2008 6 6L 2/6 LIBOR 122464487 8.5 14.5 6 1/1/2008 5.75 6L 2/6 LIBOR 122351031 10.375 16.375 6 1/1/2008 5.25 6L 2/6 LIBOR 122541403 7.5 13.5 6 1/1/2008 5 6L 2/6 LIBOR 122102474 6.75 0 0 00/00/0000 0 F FIXED15 121798759 7.75 13.75 6 9/1/2010 6.375 6L IO 5/6 LIB 122148070 6.75 12.75 6 12/1/2007 5.5 6F IO 2/6 LIB 122332402 6.875 12.875 6 12/1/2007 5.625 6F IO 2/6 LIB 122074879 6.4 12.4 6 9/1/2008 5.4 6L 3/6 LIBOR 121888628 7.125 13.125 6 12/1/2007 5.625 6F IO 2/6 LIB 122436438 7.625 13.625 6 12/1/2007 5.375 6F IO 2/6 LIB 122169564 9.375 15.375 6 11/1/2007 5.75 6L 2/6 LIBOR 122273716 7.75 13.75 6 12/1/2007 5.625 6F IO 2/6 LIB 122456433 7.875 13.875 6 1/1/2008 5.875 6F IO 2/6 LIB 122127843 7.625 0 0 00/00/0000 0 F FIXED30 122365207 7.25 13.25 6 1/1/2008 5.375 6F IO 2/6 LIB 121727657 5.875 10.875 5 8/1/2010 2.25 7L IO 5/6 LIB 121951228 6.875 12.875 6 12/1/2010 6.625 6L IO 5/6 LIB 122240583 6.375 12.375 6 10/1/2007 5 6F IO 2/6 LIB 122473174 7.875 0 0 00/00/0000 0 F FIXED40/30 122603471 6.625 12.625 6 1/1/2008 5.25 6L 2/6 LIBOR 122446640 3.625 8.625 5 1/1/2011 3.5 6L IO 5/6 LIB 122052994 7.75 13.75 6 10/1/2007 5.75 6F IO 2/6 LIB 121747645 6.375 12.375 6 10/1/2007 5.375 6L IO 2/6 LIB 122440791 7.625 13.625 6 1/1/2008 5 6L 2/6 LIBOR 121756615 5.99 11.99 6 8/1/2007 6 6L 2/6 LIBOR 122471299 7.125 13.125 6 1/1/2008 5.625 6F IO 2/6 LIB 122476692 7.25 13.25 6 1/1/2008 5.75 6F IO 2/6 LIB 122541040 7.5 13.5 6 1/1/2009 5 6L 3/6 LIBOR 122508597 7.25 12.25 5 1/1/2011 3.75 6L IO 5/6 LIB 122272342 8.125 14.125 6 12/1/2007 6.125 6F IO 2/6 LIB 122667818 6.95 13.45 6.5 10/1/2007 7.125 6F IO 2/6 LIB 122595247 7.5 12.5 5 1/1/2011 3.75 6L IO 5/6 LIB 121732554 8.45 15.45 7 9/1/2008 6.7 6L 3/6 LIB 122603669 7.875 13.875 6 1/1/2008 5 6L 2/6 LIBOR 122145947 6.875 12.875 6 11/1/2007 5.5 6F IO 2/6 LIB 121748142 6 12 6 8/1/2008 5 6L IO 3/6 LIB 122472061 7.75 13.75 6 1/1/2008 5.75 6F IO 2/6 LIB 122478585 6.75 12.75 6 1/1/2009 3 6L IO 3/6 LIB 122552044 8.5 14.5 6 1/1/2009 5 6L 3/6 LIBOR 122562575 5.875 10.875 5 1/1/2011 3 6L IO 5/6 LIB 122274157 9.25 15.25 6 1/1/2008 5 6L 2/6 LIBOR 122548536 9.375 15.375 6 1/1/2008 5 6L 2/6 LIBOR 122261131 8.625 14.625 6 12/1/2007 5.625 6F IO 2/6 LIB 122574195 6.875 12.875 6 1/1/2008 5.5 6F IO 2/6 LIB 122395885 8.625 14.625 6 1/1/2009 5.75 6L IO 3/6 LIB 122020649 7.5 13.5 6 10/1/2007 5.75 6L 2/6 LIBOR 122636913 8.625 14.625 6 1/1/2008 5 6L 2/6 LIBOR 121745802 8 0 0 00/00/0000 0 F FIXED30 122537849 9 15 6 1/1/2008 5 6L 2/6 LIBOR 122318634 6.75 12.75 6 12/1/2008 5 6L 3/6LI40/30 122209412 7.25 13.25 6 12/1/2007 5 6L 2/6 LIBOR 122374767 7.75 13.75 6 1/1/2008 4.25 6L 2/6 LIBOR 122442333 8.99 14.99 6 1/1/2008 5 6L 2/6 LIBOR 121802263 5.75 11.75 6 9/1/2008 4 1T 3/1 ARM 122481092 7.375 13.375 6 1/1/2008 5 6L 2/6 LIBOR 122504202 6.75 12.75 6 1/1/2008 5 6L 2/6LI40/30 122540840 8.125 14.125 6 1/1/2008 6 6L 2/6 LIBOR 122276039 10 16 6 1/1/2008 7 6L 2/6 LIBOR 122545001 6.75 0 0 00/00/0000 0 F FIXED30 122509154 8.875 14.875 6 1/1/2008 5 6L 2/6 LIBOR 122536652 8.25 14.25 6 1/1/2008 6 6L 2/6 LIBOR 122651967 9.625 15.625 6 1/1/2008 7 6L 2/6 LIBOR 121745857 6.5 12.5 6 11/1/2007 5.5 6L 2/6 LIBOR 121745844 6.875 12.875 6 11/1/2007 5.875 6L 2/6 LIBOR 122563588 7.625 13.625 6 1/1/2008 5.375 6L 2/6 LIBOR 122107286 8.75 14.75 6 11/1/2007 5.75 6L 2/6 LIBOR 122497506 8.875 14.875 6 1/1/2008 5.5 6F IO 2/6 LIB 122455635 8.625 14.625 6 1/1/2008 5 6L 2/6 LIBOR 122464314 10.25 16.25 6 12/1/2007 5.25 6L 2/6 LIBOR 122273362 8.125 14.125 6 12/1/2007 5.375 6F IO 2/6 LIB 121744645 6.375 0 0 00/00/0000 0 F IOFIXED30 121748102 7.625 0 0 00/00/0000 0 F IOFIXED30 122040524 5.375 11.375 6 10/1/2007 5.25 6F IO 2/6 LIB 122503377 8.625 14.625 6 1/1/2008 5 6L 2/6 LIBOR 122578031 8.25 14.25 6 1/1/2008 5 6L 2/6 LIBOR 122578491 8.75 14.75 6 1/1/2008 5.25 6L 2/6LI40/30 122582417 7.625 13.625 6 1/1/2008 5.75 6L 2/6 LIBOR 121732508 8.1 15.1 7 9/1/2008 6.35 6L 3/6 LIB 122564737 8.375 14.375 6 1/1/2008 5.25 6L 2/6 LIBOR 121747631 6.75 12.75 6 10/1/2010 5.75 6L IO 5/6 LIB 122488892 6.5 0 0 00/00/0000 0 F FIXED30 122306863 7.875 13.875 6 1/1/2008 5.375 6L 2/6 LIBOR 121749709 8.75 14.75 6 11/1/2007 2.375 6L IO 2/6 LIB 121724987 6.8 0 0 00/00/0000 0 F FIXED30 122541173 9.5 15.5 6 1/1/2008 5 6L 2/6 LIBOR 122096910 5.99 11.99 6 10/1/2007 5.375 6F IO 2/6 LIB 122159424 7.25 13.25 6 12/1/2007 5.375 6F IO 2/6 LIB 122341895 7.625 13.625 6 1/1/2008 5.375 6F IO 2/6 LIB 121747789 8.125 14.125 6 11/1/2007 7.125 6L IO 2/6 LIB 122435487 11.125 17.125 6 1/1/2008 7 6L 2/6 LIBOR 122086617 7.5 13.5 6 1/1/2008 5.25 6L 2/6LI40/30 122475207 11.5 17.5 6 1/1/2008 7 6L 2/6 LIBOR 121749072 5.875 11.875 6 12/1/2007 4.875 6L 2/6 LIB 122430697 8.625 14.625 6 1/1/2008 5.75 6L 2/6 LIBOR 121745812 7.25 13.25 6 11/1/2007 6.25 7L IO 2/6 LIB 122222723 6.375 12.375 6 12/1/2007 5.25 6F IO 2/6 LIB 122545727 8.25 14.25 6 1/1/2008 6.75 6L 2/6 LIBOR 122443903 6.875 12.875 6 1/1/2008 5.375 6F IO 2/6 LIB 122568184 7.5 13.5 6 1/1/2008 5.375 6F IO 2/6 LIB 122567889 9.875 15.875 6 1/1/2008 7 6L 2/6 LIBOR 121745822 6.75 0 0 00/00/0000 0 F FIXED30 121748433 8.25 15.25 7 10/1/2007 5.99 6L 2/6 LIBOR 122667822 6.775 0 0 00/00/0000 0 F FIXED30 122599908 7.625 13.625 6 1/1/2008 5.25 6L 2/6 LIBOR 122579777 7.75 13.75 6 1/1/2008 5.75 6L 2/6 LIBOR 122508265 8.875 14.875 6 1/1/2008 5.75 6L 2/6 LIBOR 122503918 6.75 12.75 6 1/1/2008 5.375 6F IO 2/6 LIB 121747637 7.5 13.5 6 10/1/2008 6.5 6L IO 3/6 LIB 121911197 8.25 14.25 6 10/1/2007 5.375 6F IO 2/6 LIB 122156107 6.875 12.875 6 11/1/2008 5.375 6L IO 3/6 LIB 122321643 6.5 12.5 6 12/1/2007 5.375 6F IO 2/6 LIB 122359129 7 13 6 12/1/2007 5.375 6F IO 2/6 LIB 122468707 7.875 0 0 00/00/0000 0 F FIXED30 122584816 9.75 15.75 6 1/1/2008 6 6L 2/6 LIBOR 122607685 7.375 13.375 6 1/1/2008 3 6F IO 2/6 LIB 121891688 9.375 15.375 6 9/1/2007 5.75 6L 2/6 LIBOR 121749055 6.375 12.375 6 10/1/2007 5.375 6L 2/6 LIB 121740513 7.5 13.5 6 8/1/2007 5.25 6L IO 2/6 LIB 122360904 6.875 12.875 6 1/1/2008 6.125 6L 2/6 LIBOR 122504465 8.125 14.125 6 1/1/2008 5.75 6L 2/6 LIBOR 122595378 6.5 11.5 5 11/1/2010 2.25 6L IO 5/6 LIB 122160673 6.5 12.5 6 11/1/2008 5 6L IO 3/6 LIB 122383005 8.5 14.5 6 1/1/2009 5 1T 3/1TR40/30 122383721 8.875 0 0 00/00/0000 0 F FIXED30 122229582 8.75 14.75 6 11/1/2007 5.75 6L 2/6 LIBOR 121749089 6.75 12.75 6 12/1/2007 5.75 6L 2/6 LIB 122290277 8.75 14.75 6 1/1/2011 5.875 6L IO 5/6 LIB 122278442 8.375 14.375 6 12/1/2007 5.625 6F IO 2/6 LIB 122441765 8.375 14.375 6 1/1/2008 5 6L 2/6LI40/30 121723167 6.125 12.125 6 7/1/2008 5.125 7L IO 3/6 LIB 122572297 6.75 12.75 6 1/1/2008 6.25 6L 2/6LI40/30 122622072 8.125 14.125 6 1/1/2008 6 6L 2/6P LIBOR 122477192 7.75 13.75 6 1/1/2008 5 6L 2/6 LIBOR 122315766 7.25 13.25 6 12/1/2007 5 6L 2/6 LIBOR 122531283 7.375 13.375 6 1/1/2008 5.25 6L 2/6 LIBOR 122522437 8.5 0 0 00/00/0000 0 F FIXED30 122349258 8.875 14.875 6 1/1/2008 5 6L 2/6 LIBOR 122002936 7.75 13.75 6 10/1/2007 5.375 6F IO 2/6 LIB 122337601 8 14 6 1/1/2008 5.375 6F IO 2/6 LIB 122283815 7.125 13.125 6 12/1/2007 5.375 6F IO 2/6 LIB 122520240 7.875 13.875 6 1/1/2008 5.5 6F IO 2/6 LIB 122532179 8.875 14.875 6 1/1/2009 7 1T 3/1 ARM 122020139 7.625 13.625 6 12/1/2007 5 6L 2/6P LIBOR 122547954 8.575 14.575 6 1/1/2009 5 6L 3/6LI40/30 121695734 7.75 13.75 6 8/1/2007 6.5 6L 2/6P LIBOR 122565603 6.625 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6.05 6L 2/6 LIBOR 122010919 6.25 12.25 6 10/1/2008 5.25 6L IO 3/6 LIB 122088788 5.75 11.75 6 11/1/2007 5.25 6F IO 2/6 LIB 122186025 7.99 13.99 6 12/1/2007 5.25 6F IO 2/6 LIB 122434650 5.75 11.75 6 1/1/2008 5 6L 2/6 LIBOR 122494762 7.75 13.75 6 1/1/2008 5 6L 2/6 LIBOR 122557059 7.25 13.25 6 1/1/2008 5.375 6F IO 2/6 LIB 122560196 7.375 13.375 6 1/1/2008 5.375 6F IO 2/6 LIB 122225157 7.375 13.375 6 12/1/2007 5 6L 2/6P LIBOR 121817059 7.5 13.5 6 10/1/2008 5.25 6L IO 3/6 LIB 122485858 10.375 16.375 6 1/1/2008 6 6L 2/6 LIBOR 121747618 6.125 12.125 6 9/1/2007 5.125 6L IO 2/6 LIB 121748430 8.025 15.025 7 10/1/2007 5.99 6L 2/6 LIBOR 121749044 6.5 12.5 6 10/1/2008 5.5 6L 3/6 LIBOR 122230971 7 13 6 11/1/2007 5.625 6F IO 2/6 LIB 122569079 9.375 15.375 6 1/1/2008 5.75 6L 2/6 LIBOR 122318196 7.875 13.875 6 12/1/2007 5.375 6F IO 2/6 LIB 121956299 7 13 6 10/1/2007 5.25 6F IO 2/6 LIB 122645115 8.5 14.5 6 1/1/2008 5 6L 2/6LI40/30 122171740 6.375 12.375 6 12/1/2010 5.875 6L IO 5/6 LIB 122241358 6.99 12.99 6 1/1/2008 5.75 6L 2/6 LIBOR 122545167 8.5 14.5 6 1/1/2008 5 6L 2/6 LIBOR 122350963 9.25 15.25 6 1/1/2008 5.25 6L 2/6 LIBOR 121905529 8.125 14.125 6 9/1/2007 5.25 6F IO 2/6 LIB 122074912 6.15 12.15 6 9/1/2008 5.15 6L IO 3/6 LIB 122240974 9.5 15.5 6 1/1/2008 5 6L 2/6 LIBOR 122264105 5.75 11.75 6 11/1/2007 5.375 6F IO 2/6 LIB 122479411 6.25 12.25 6 1/1/2008 5 6L 2/6LI40/30 122512897 7.75 13.75 6 1/1/2008 5.375 6F IO 2/6 LIB 122075013 7.6 13.6 6 9/1/2008 6.6 6L IO 3/6 LIB 122150782 8 14 6 11/1/2007 5.625 6F IO 2/6 LIB 122359866 8.875 14.875 6 12/1/2007 6 6L 2/6 LIBOR 122571976 7.375 0 0 00/00/0000 0 F FIXED30 122456727 8.375 14.375 6 1/1/2008 5.25 6L 2/6 LIBOR 122229660 5.875 11.875 6 11/1/2008 5.25 6L IO 3/6 LIB 122459148 6.625 12.625 6 1/1/2008 5.375 6F IO 2/6 LIB 122376818 6.875 12.875 6 1/1/2008 5.375 6F IO 2/6 LIB 122043743 6.5 12.5 6 11/1/2007 5.25 6F IO 2/6 LIB 122517848 10.25 16.25 6 1/1/2008 5 6L 2/6 LIBOR 122593376 7 0 0 00/00/0000 0 F IO F30/120 122060035 8.375 14.375 6 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6.25 1T 3/1 ARM 122667250 5.8 11.8 6 12/1/2007 6.75 6F IO 2/6 LIB 122686260 8.5 14.5 6 1/1/2008 5.65 6F IO 2/6 LIB 122275751 6.875 12.875 6 12/1/2007 5.375 6F IO 2/6 LIB 122363581 8.5 14.5 6 1/1/2008 5 6L 2/6 LIBOR 121748047 6.125 12.125 6 11/1/2007 5.125 6L IO 2/6 LIB 122382794 8.25 0 0 00/00/0000 0 F FIXED40/30 121745826 6.5 12.5 6 10/1/2007 5.5 7L IO 2/6 LIB 122436425 6.75 12.75 6 1/1/2008 5.375 6F IO 2/6 LIB 122209802 7 0 0 00/00/0000 0 F IO F30/120 121958372 8 0 0 00/00/0000 0 F FIXED30 122572461 7.125 13.125 6 1/1/2008 3.875 6L 2/6LI40/30 121456950 6.125 12.125 6 8/1/2007 5.5 6F IO 2/6 LIB 121738897 6.375 12.375 6 10/1/2007 5.375 7L IO 2/6 LIB 121900835 7.25 13.25 6 10/1/2007 5.375 6F IO 2/6 LIB 122086370 7.75 13.75 6 11/1/2007 5.625 6F IO 2/6 LIB 122155667 5.75 11.75 6 11/1/2007 5.25 6F IO 2/6 LIB 122622882 6.75 12.75 6 1/1/2008 5 6L 2/6 LIBOR 122667254 7.95 13.95 6 12/1/2007 7.05 6F IO 2/6 LIB 122063135 7 13 6 10/1/2007 5.5 6F IO 2/6 LIB 122504988 9.75 15.75 6 1/1/2008 5.375 6L 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6F IO 2/6 LIB 122577099 11 0 0 00/00/0000 0 F FIXED30 122631396 8.5 14.5 6 1/1/2008 5.25 6F IO 2/6 LIB 122361626 7.75 13.75 6 1/1/2008 5.25 6L 2/6 LIBOR 122639961 9.75 15.75 6 1/1/2008 5 6L 2/6 LIBOR 121732534 8.325 15.325 7 9/1/2008 5.95 6L 3/6 LIB 122135366 7.875 0 0 00/00/0000 0 F FIXED30 121732492 8.55 15.55 7 7/1/2008 7.45 6L 3/6 LIB 122243402 8.625 0 0 00/00/0000 0 F FIXED30 122492277 7.25 13.25 6 1/1/2008 5.5 6F IO 2/6 LIB 121733303 5.9 11.9 6 9/1/2008 4.95 6L IO 3/6 LIB 121747797 6.875 0 0 00/00/0000 0 F FIXED30 121747586 7.375 13.375 6 10/1/2007 6.375 6L IO 2/6 LIB 122568026 7 13 6 1/1/2008 5.375 6F IO 2/6 LIB 122530211 7.125 0 0 00/00/0000 0 F FIXED30 122137154 8.375 14.375 6 1/1/2008 5 6L 2/6 LIBOR 122372612 8.375 14.375 6 1/1/2008 5 6L 2/6 LIBOR 122079314 6.625 12.625 6 11/1/2007 5.25 6F IO 2/6 LIB 121994116 6.625 12.625 6 12/1/2007 5.25 6F IO 2/6 LIB 122386255 6.875 12.875 6 1/1/2008 5 6L 2/6LI40/30 122527556 7 13 6 1/1/2008 5.75 6F IO 2/6 LIB 122332142 8.875 14.875 6 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1/1/2008 5.375 6F IO 2/6 LIB 122268460 8.625 14.625 6 11/1/2007 5.75 6L 2/6 LIBOR 121725326 7.2 0 0 00/00/0000 0 F FIXED30 122474242 10.5 16.5 6 12/1/2007 7 6L 2/6 LIBOR 122528736 8 14 6 1/1/2008 5.375 6L 2/6 LIBOR 122024258 7 13 6 10/1/2007 5 6L 2/6 LIBOR 121676664 6.5 12.5 6 1/1/2008 5.5 6L 2/6 LIBOR 122107537 7 13 6 12/1/2008 5.25 1T 3/1 ARM 122614411 6.75 12.75 6 1/1/2008 5.375 6F IO 2/6 LIB 121747823 6.375 12.375 6 9/1/2010 5.375 6L IO 5/6 LIB 121748241 8.75 14.75 6 11/1/2007 7.75 6L IO 2/6 LIB 121850859 6.75 12.75 6 1/1/2008 5.5 6F IO 2/6 LIB 121989723 6.5 12.5 6 11/1/2007 5.25 6F IO 2/6 LIB 122386762 6.5 12.5 6 1/1/2008 5.5 6F IO 2/6 LIB 122494597 8 14 6 1/1/2008 5 6L 2/6LI40/30 122530552 7.625 13.625 6 1/1/2008 5.75 6F IO 2/6 LIB 122595435 7.375 13.375 6 1/1/2008 5.5 6F IO 2/6 LIB 122602381 7.625 13.625 6 1/1/2008 5.375 6F IO 2/6 LIB 122266324 9.5 15.5 6 12/1/2008 5.5 1T 3/1 ARM 122233343 6.75 12.75 6 11/1/2007 5.375 6F IO 2/6 LIB 122261364 6.75 0 0 00/00/0000 0 F FIXED15 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LIB 122585087 8.5 14.5 6 1/1/2008 6 6L 2/6 LIBOR 122632434 7.875 13.875 6 1/1/2008 5 6L 2/6 LIBOR 122171493 8.625 14.625 6 12/1/2007 5 6L 2/6 LIBOR 122479228 7.875 13.875 6 12/1/2007 5.375 6F IO 2/6 LIB 122554543 10.625 16.625 6 1/1/2008 7 6L 2/6 LIBOR 121733114 5.95 11.95 6 9/1/2007 4.95 6L 2/6 LIBOR 122363389 8.125 14.125 6 1/1/2008 5 6L 2/6 LIBOR 122522888 8.375 14.375 6 1/1/2008 5.25 6F IO 2/6 LIB 122575286 6.625 12.625 6 1/1/2008 5 6L 2/6 LIBOR 122455938 7.5 13.5 6 1/1/2008 5 6L 2/6 LIBOR 122371864 7.5 13.5 6 12/1/2007 5.375 6F IO 2/6 LIB 121748350 6.125 12.125 6 11/1/2007 5.125 6L IO 2/6 LIB 122012729 6.875 12.875 6 11/1/2007 5.375 6F IO 2/6 LIB 122028107 6.875 12.875 6 12/1/2007 5.875 6F IO 2/6 LIB 122041008 5 11 6 11/1/2007 5.5 6F IO 2/6 LIB 122103626 6.25 12.25 6 11/1/2007 5.25 6F IO 2/6 LIB 122455336 7.375 13.375 6 1/1/2008 5.375 6F IO 2/6 LIB 122537294 7.8 13.8 6 1/1/2008 5 6L 2/6 LIBOR 122551166 7.125 13.125 6 1/1/2008 5.375 6F IO 2/6 LIB 122592765 9 15 6 1/1/2008 6 6L 2/6 LIBOR 122074873 6.3 12.3 6 9/1/2007 5.3 6F IO 2/6 LIB 122119762 7.75 13.75 6 12/1/2007 5.5 6F IO 2/6 LIB 122485307 6.375 12.375 6 1/1/2008 5 6L 2/6 LIBOR 122325596 6.975 12.975 6 12/1/2007 5.625 6F IO 2/6 LIB 122268051 7.5 13.5 6 11/1/2007 5.375 6F IO 2/6 LIB 121984301 7.625 13.625 6 11/1/2010 2.75 6L IO 5/6 LIB 121770714 7 13 6 9/1/2007 5.25 6F IO 2/6 LIB 122468374 7.875 13.875 6 12/1/2007 5 6L 2/6LI40/30 122518145 6.5 0 0 00/00/0000 0 F FIXED30 121791817 8.5 14.5 6 9/1/2007 5.75 6L 2/6 LIBOR 121745848 7 13 6 11/1/2007 6 7L IO 2/6 LIB 122039835 6.75 12.75 6 11/1/2007 5.625 6F IO 2/6 LIB 122091652 6.875 12.875 6 11/1/2007 5.5 6F IO 2/6 LIB 122192661 6.875 12.875 6 12/1/2007 5.75 6F IO 2/6 LIB 122205253 7 13 6 1/1/2008 5.375 6F IO 2/6 LIB 122321436 8.875 14.875 6 1/1/2008 5 6L 2/6 LIBOR 122505436 10 16 6 1/1/2008 7 6L 2/6 LIBOR 122544067 8.75 14.75 6 1/1/2008 5.375 6F IO 2/6 LIB 122545370 7.375 12.375 5 1/1/2011 3.75 6L IO 5/6 LIB 122635832 7.375 13.375 6 1/1/2008 5.375 6F IO 2/6 LIB 122154857 8.625 14.625 6 11/1/2007 5.75 6L 2/6 LIBOR 121760176 6.25 12.25 6 8/1/2010 2.75 6L IO 5/6 LIB 122000739 7.875 13.875 6 11/1/2007 5.375 6F IO 2/6 LIB 121733032 6.1 12.1 6 9/1/2008 5.1 6L IO 3/6 LIB 121733376 7.25 13.25 6 9/1/2007 6.25 6L IO 2/6 LIB 121733158 6.625 12.625 6 9/1/2007 5.625 6L IO 2/6 LIB 121749069 6 12 6 12/1/2007 5 6L 2/6 LIB 121749028 6.125 12.125 6 10/1/2007 5.125 6L 2/6 LIB 122327722 7.5 13.5 6 12/1/2007 5.375 6F IO 2/6 LIB 122239663 9.25 15.25 6 12/1/2007 6 6L 2/6 LIBOR 121749082 6.5 0 0 00/00/0000 0 F FIXED30 122428984 6.875 12.875 6 1/1/2008 5.375 6F IO 2/6 LIB 122353237 10 16 6 12/1/2007 5 6L 2/6 LIBOR 121748139 5.5 11.5 6 9/1/2007 4.5 6L 2/6 LIBOR 122629887 6.125 12.125 6 1/1/2011 3 6L IO 5/6 LIB 122527035 8.875 14.875 6 1/1/2008 5.5 6L 2/6 LIBOR 122448288 7.75 13.75 6 1/1/2008 5 6L 2/6 LIBOR 122284487 6.375 12.375 6 12/1/2007 5.375 6F IO 2/6 LIB 122186069 6.75 12.75 6 11/1/2007 5.375 6F IO 2/6 LIB 122269122 7.625 13.625 6 12/1/2007 5.375 6F IO 2/6 LIB 122293194 8.625 14.625 6 12/1/2007 5.625 6F IO 2/6 LIB 122527970 6.625 12.625 6 1/1/2008 5 6L 2/6LI40/30 122563476 6.75 12.75 6 1/1/2008 5.625 6F IO 2/6 LIB 122391696 8.75 14.75 6 1/1/2008 5.25 6L 2/6 LIBOR 122075017 6.2 12.2 6 9/1/2007 5.2 6L 2/6 LIBOR 122525862 7.5 13.5 6 1/1/2008 5 6L 2/6LI40/30 122129308 8.625 14.625 6 11/1/2007 5 6L 2/6 LIBOR 122075007 8.4 14.4 6 9/1/2007 7.4 6F IO 2/6 LIB 121935576 6.875 12.875 6 10/1/2007 5.25 6F IO 2/6 LIB 122524086 6.875 0 0 00/00/0000 0 F FIXED30 122472116 8.375 14.375 6 1/1/2008 5.5 6F IO 2/6 LIB 121717948 6.875 12.875 6 9/1/2007 5.25 6F IO 2/6 LIB 122318797 8.5 14.5 6 1/1/2008 5.25 6L 2/6LI40/30 122238701 5.125 11.125 6 11/1/2007 5.25 6F IO 2/6 LIB 121749053 5.75 11.75 6 10/1/2008 4.75 6L 3/6 LIBOR 122048742 8.125 0 0 00/00/0000 0 F 30/15 122559088 7.875 13.875 6 1/1/2008 4.25 6F IO 2/6 LIB 122102791 6.625 12.625 6 11/1/2007 5.375 6F IO 2/6 LIB 122113135 9.75 15.75 6 11/1/2007 5.25 6L 2/6 LIBOR 122437854 7.625 13.625 6 1/1/2008 4.25 6L 2/6 LIBOR 122502798 8.375 14.375 6 1/1/2008 6.75 6L 2/6 LIBOR 122361875 7.5 13.5 6 1/1/2011 5.5 6L 5/6LI40/30 122499768 7.875 13.875 6 1/1/2008 6 6L 2/6LI40/30 121738005 6.75 11.75 5 8/1/2007 2.75 6L IO 2/6 LIB 122049476 5.875 11.875 6 10/1/2010 6.125 6L IO 5/6 LIB 122107889 10.875 16.875 6 1/1/2008 7 6L 2/6 LIBOR 122166640 7 13 6 12/1/2007 5.375 6F IO 2/6 LIB 122182125 6.625 0 0 00/00/0000 0 F IO F30/120 122242597 7 13 6 12/1/2007 5.375 6F IO 2/6 LIB 122307940 7 13 6 1/1/2008 5.375 6F IO 2/6 LIB 122365154 6.75 12.75 6 1/1/2008 5.375 6F IO 2/6 LIB 122391068 7.125 13.125 6 1/1/2008 5 6L 2/6 LIBOR 122394632 6.875 12.875 6 1/1/2009 5 6L 3/6 LIBOR 122505608 7.625 13.625 6 1/1/2008 5.75 6F IO 2/6 LIB 122576263 6.75 12.75 6 1/1/2008 5 6L 2/6 LIBOR 121756645 6.99 12.99 6 7/1/2008 6 6L IO 3/6 LIBOR 122218105 8.125 14.125 6 1/1/2008 5 6L 2/6 LIBOR 122338992 8 14 6 12/1/2007 5.75 6F IO 2/6 LIB 122496006 6.75 12.75 6 1/1/2011 5.875 6L IO 5/6 LIB 122508964 7.625 13.625 6 1/1/2008 5 6L 2/6 LIBOR 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LIBOR 122313481 7.25 13.25 6 1/1/2008 5 6L 2/6 LIBOR 122149962 8.625 14.625 6 11/1/2007 5.625 6F IO 2/6 LIB 122239361 7.5 13.5 6 11/1/2007 5.375 6F IO 2/6 LIB 122388462 8.75 14.75 6 12/1/2007 5.75 6F IO 2/6 LIB 121916542 6.25 12.25 6 9/1/2007 5.375 6F IO 2/6 LIB 122511860 6.75 12.75 6 1/1/2008 5 6L 2/6LI40/30 122572710 8 14 6 1/1/2008 5.625 6F IO 2/6 LIB 122217526 5.625 11.625 6 12/1/2007 5 6L 2/6LI40/30 122280279 6.5 12.5 6 12/1/2007 5.25 6F IO 2/6 LIB 121749056 7.625 13.625 6 10/1/2007 6.625 6L 2/6 LIB 121808338 7 13 6 10/1/2007 5.75 6F IO 2/6 LIB 122276980 7.5 13.5 6 1/1/2008 5.625 6L 2/6 LIBOR 122387577 8.875 14.875 6 1/1/2008 6.375 6L 2/6 LIBOR 122539922 8.75 14.75 6 1/1/2008 5.25 6L 2/6 LIBOR 122545737 6.625 0 0 00/00/0000 0 F FIXED40/30 122582539 8.75 14.75 6 1/1/2008 5 6L 2/6 LIBOR 122520226 9 15 6 1/1/2008 5.375 6F IO 2/6 LIB 122386849 8.625 14.625 6 1/1/2008 5 6L 2/6 LIBOR 122313520 8.125 14.125 6 12/1/2007 5.375 6F IO 2/6 LIB 121988463 6.75 12.75 6 10/1/2007 5.25 6F IO 2/6 LIB 122495104 8.75 14.75 6 1/1/2008 5.75 6F IO 2/6 LIB 121862798 7.375 13.375 6 9/1/2007 5.75 6F IO 2/6 LIB 122535261 7.5 13.5 6 1/1/2008 5.5 6F IO 2/6 LIB 122318382 7.25 13.25 6 12/1/2007 5.375 6F IO 2/6 LIB 122573455 8.25 14.25 6 1/1/2008 5 6L 2/6LI40/30 122579535 7.5 13.5 6 1/1/2008 5.5 6F IO 2/6 LIB 121747923 7.625 13.625 6 11/1/2007 6.875 6L IO 2/6 LIB 122280874 7.625 13.625 6 12/1/2007 5.375 6F IO 2/6 LIB 122256689 8.375 14.375 6 12/1/2007 5 6L 2/6 LIBOR 121748439 7.99 14.99 7 11/1/2007 5.99 6L 2/6 LIBOR 122074709 7.375 13.375 6 11/1/2007 5.25 6F IO 2/6 LIB 122575904 8 14 6 1/1/2008 5 6L 2/6LI40/30 122637094 6.75 11.75 5 1/1/2011 3.5 6L IO 5/6 LIB 121788167 6.625 12.625 6 12/1/2007 5.25 6F IO 2/6 LIB 122608765 6.875 11.875 5 1/1/2011 3 6L IO 5/6 LIB 121966390 8.5 14.5 6 11/1/2007 5.25 6F IO 2/6 LIB 122585344 9.125 15.125 6 1/1/2008 6 6L 2/6LI40/30 121994860 9.125 15.125 6 12/1/2007 5.375 6F IO 2/6 LIB 122059925 8.75 14.75 6 1/1/2008 5.375 6L 2/6 LIBOR 122091366 7 13 6 11/1/2007 5.25 6F IO 2/6 LIB 122125588 7 13 6 11/1/2007 5.25 6F IO 2/6 LIB 122323022 9.625 15.625 6 1/1/2008 5 6L 2/6 LIBOR 122519477 7.875 13.875 6 1/1/2008 5.375 6L 2/6 LIBOR 122572104 10.625 0 0 00/00/0000 0 F FIXED30 122598402 6.75 12.75 6 1/1/2008 5.375 6F IO 2/6 LIB 122290788 6.125 12.125 6 12/1/2007 5.375 6F IO 2/6 LIB 121749022 6.125 12.125 6 10/1/2007 5.125 6L 2/6 LIB 122590596 7.875 13.875 6 1/1/2008 5 6L 2/6LI40/30 122539899 7.375 13.375 6 1/1/2008 5 6L 2/6 LIBOR 121843790 7.375 13.375 6 10/1/2007 6 6L 2/6 LIBOR 122302699 7.375 13.375 6 1/1/2009 5.5 6L 3/6 LIBOR 122296800 7.25 13.25 6 1/1/2008 5.625 6F IO 2/6 LIB 121738519 7 13 6 9/1/2007 3.5 6L IO 2/6 LIB 122068874 6.5 12.5 6 10/1/2007 5.25 6F IO 2/6 LIB 122110407 6.75 12.75 6 11/1/2007 5.25 6F IO 2/6 LIB 122197180 7.875 13.875 6 12/1/2007 7.375 6F IO 2/6 LIB 122448392 7.625 13.625 6 12/1/2007 5.625 6F IO 2/6 LIB 122515817 6.875 12.875 6 1/1/2008 5 6L 2/6P LIBOR 122527897 7.875 13.875 6 1/1/2008 5.375 6L 2/6P LIBOR 122556342 7.75 0 0 00/00/0000 0 F FIXED40/30 122570214 8.25 14.25 6 1/1/2008 5.25 6L 2/6 LIBOR 122552441 8.25 14.25 6 1/1/2008 5 6L 2/6 LIBOR 122558827 5.5 10.5 5 1/1/2011 3 6L IO 5/6 LIB 122332702 7.375 13.375 6 12/1/2007 6.125 6F IO 2/6 LIB 122154678 6.375 12.375 6 11/1/2007 5.5 6F IO 2/6 LIB 121733051 7.025 13.025 6 9/1/2008 6.025 6L IO 3/6 LIB 121747622 7.125 13.125 6 10/1/2010 6.125 6L IO 5/6 LIB 122485150 7.99 13.99 6 1/1/2008 5 6L 2/6 LIBOR 122580359 9.375 15.375 6 1/1/2008 5 6L 2/6 LIBOR 121960014 8.625 14.625 6 1/1/2008 5 6L 2/6 LIBOR 122339377 6.5 12.5 6 1/1/2008 5 6L 2/6 LIBOR 122539867 7.875 13.875 6 1/1/2009 5.625 1T 3/1TR40/30 122392418 7 13 6 12/1/2007 5.375 6F IO 2/6 LIB 121738904 6.25 12.25 6 10/1/2007 5.25 7L IO 2/6 LIB 122130372 6.875 12.875 6 11/1/2007 5.625 6F IO 2/6 LIB 122581812 9.5 15.5 6 1/1/2008 5.75 6L 2/6P LIBOR 122587064 10.25 16.25 6 1/1/2008 5.75 6L 2/6P LIBOR 122587175 10.25 16.25 6 1/1/2008 5.75 6L 2/6P LIBOR 122611006 8.875 14.875 6 1/1/2008 5 6L 2/6 LIBOR 122674747 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6L IO 3/6 LIB 122591736 8.625 14.625 6 1/1/2008 5 6L 2/6 LIBOR 121788075 5.75 11.75 6 9/1/2008 5.875 6L IO 3/6 LIB 122077184 8 14 6 11/1/2010 5.25 6L IO 5/6 LIB 122442379 7.5 13.5 6 12/1/2007 5.375 6F IO 2/6 LIB 121935680 6.99 12.99 6 8/1/2007 5.99 6F IO 2/6 LIB 122258691 7.125 13.125 6 12/1/2007 5 6L 2/6LI40/30 122514979 7.625 13.625 6 1/1/2009 5 LL 3/1 LIBOR 121740496 7.55 13.55 6 8/1/2007 5.25 6L IO 2/6 LIB 122325369 9 15 6 1/1/2008 5.875 6F IO 2/6 LIB 122395089 8.875 14.875 6 1/1/2008 5 6L 2/6LI40/30 122585751 6.5 12.5 6 1/1/2008 4.375 6L 2/6LI40/30 121747769 5.5 11.5 6 9/1/2007 4.5 6L 2/6 LIBOR 122493477 6.625 12.625 6 1/1/2009 5.375 6L IO 3/6 LIB 122492794 9.625 15.625 6 1/1/2008 5 6L 2/6 LIBOR 122631727 6 12 6 1/1/2011 3.25 6L IO 5/6 LIB 122074920 6.25 12.25 6 9/1/2007 5.25 6L IO 2/6 LIB 121733138 6.15 12.15 6 9/1/2007 5.15 6L IO 2/6 LIB 122509180 6.375 12.375 6 1/1/2008 5.375 6F IO 2/6 LIB 121587267 7.73 13.73 6 6/1/2007 5.5 6L IO 2/6 LIB 121747591 6.125 12.125 6 11/1/2007 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12.875 6 1/1/2009 5.625 6L IO 3/6 LIB 122013119 7 13 6 12/1/2007 5.5 6F IO 2/6 LIB 122172225 7.125 13.125 6 11/1/2010 2.75 1T 5/1 ARM 121885050 7.5 13.5 6 9/1/2007 5.75 6L 2/6 LIBOR 122507291 7.5 0 0 00/00/0000 0 F FIXED30 122604632 9.25 15.25 6 1/1/2008 5 6L 2/6 LIBOR 122088953 8.5 14.5 6 11/1/2007 5.25 6F IO 2/6 LIB 122554907 7.875 13.875 6 1/1/2009 5.625 6L 3/6 LIBOR 122395182 7.5 13.5 6 1/1/2008 5 6L 2/6 LIBOR 122509823 6.75 0 0 00/00/0000 0 F FIXED30 121738468 7.75 13.75 6 8/1/2007 3.875 7L IO 2/6 LIB 121961761 8.5 14.5 6 1/1/2008 5.625 6F IO 2/6 LIB 122238115 6.625 12.625 6 1/1/2008 5 6L 2/6 LIBOR 122221586 7.25 13.25 6 12/1/2007 5.25 6F IO 2/6 LIB 122428286 8.375 14.375 6 1/1/2008 6.125 6F IO 2/6 LIB 121962508 6.875 12.875 6 10/1/2007 5.625 6F IO 2/6 LIB 122255246 6.25 12.25 6 11/1/2007 5.375 6F IO 2/6 LIB 122285387 6.5 12.5 6 12/1/2007 5.25 6F IO 2/6 LIB 122620330 6.625 12.625 6 1/1/2008 5 6L 2/6 LIBOR 121884972 6.125 12.125 6 10/1/2010 6.125 6L IO 5/6 LIB 122202294 6.875 12.875 6 11/1/2007 5.375 6F IO 2/6 LIB 122495812 6.875 12.875 6 1/1/2008 5 6L 2/6 LIBOR 122635478 7 13 6 1/1/2008 5.25 6F IO 2/6 LIB 122355314 7.125 13.125 6 12/1/2007 5.75 6F IO 2/6 LIB 122103176 6.875 12.875 6 11/1/2007 5.375 6F IO 2/6 LIB 122126108 8 14 6 12/1/2007 5.875 6F IO 2/6 LIB 122505200 7.375 13.375 6 1/1/2008 5.375 6F IO 2/6 LIB 122504551 6.999 12.999 6 1/1/2008 5.75 6L 2/6 LIBOR 121733002 6 12 6 9/1/2007 5 6L IO 2/6 LIB 121928690 7.25 13.25 6 1/1/2008 5.25 6L 2/6 LIBOR 122536542 7.375 13.375 6 1/1/2008 5.75 6L 2/6P LIBOR 122273277 8.125 14.125 6 12/1/2007 5.25 6L 2/6 LIBOR 121975400 9.125 15.125 6 11/1/2007 5.625 6F IO 2/6 LIB 122095168 7 13 6 11/1/2007 5.375 6F IO 2/6 LIB 122436455 7.75 13.75 6 1/1/2008 5 6L 2/6 LIBOR 122383460 6.875 12.875 6 1/1/2008 5.375 6F IO 2/6 LIB 122213648 7.25 13.25 6 11/1/2007 5.375 6F IO 2/6 LIB 122262885 7.625 13.625 6 1/1/2008 5.625 6L 2/6 LIBOR 122332662 7.625 13.625 6 12/1/2007 5.625 6F IO 2/6 LIB 122349831 7.875 13.875 6 1/1/2008 5.375 6F 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122172204 6 12 6 12/1/2007 5.25 6F IO 2/6 LIB 121748276 6.875 12.875 6 9/1/2007 5.875 6L IO 2/6 LIB 122275467 5.375 11.375 6 1/1/2008 4.25 6F IO 2/6 LIB 121747848 6.625 12.625 6 9/1/2007 5.625 6L IO 2/6 LIB 122255277 7.25 13.25 6 11/1/2007 5.625 6F IO 2/6 LIB 122555148 7.375 13.375 6 1/1/2008 6 6F IO 2/6 LIB 121738487 7.5 13.5 6 9/1/2007 3.625 6L IO 2/6 LIB 122353371 7.875 13.875 6 1/1/2008 5.375 6F IO 2/6 LIB 122510977 8.75 14.75 6 1/1/2008 5.5 6F IO 2/6 LIB 122033420 6.875 12.875 6 11/1/2007 5.25 6F IO 2/6 LIB 121982492 6.25 12.25 6 9/1/2007 5.25 6F IO 2/6 LIB 122053823 6.375 12.375 6 11/1/2007 5.375 6F IO 2/6 LIB 122332727 6.5 12.5 6 12/1/2007 5.375 6F IO 2/6 LIB 121723176 6 12 6 6/1/2008 5 7L IO 3/6 LIB 122528544 7 13 6 1/1/2008 5 6L 2/6 LIBOR 122473964 7.375 13.375 6 1/1/2009 5.375 6L IO 3/6 LIB 121731071 5.7 11.7 6 9/1/2007 4.95 6L IO 2/6 LIB 122074979 8.7 14.7 6 9/1/2007 7.7 6F IO 2/6 LIB 122065524 5.5 11.5 6 10/1/2007 5.25 6F IO 2/6 LIB 122455189 7.625 13.625 6 1/1/2008 5.25 6L 2/6 LIBOR 121747639 6.25 12.25 6 10/1/2007 5.25 6L IO 2/6 LIB 121747648 6.5 12.5 6 11/1/2008 5.5 6L IO 3/6 LIB 121747699 5.625 11.625 6 10/1/2007 4.625 6L IO 2/6 LIB 122503590 7.25 13.25 6 1/1/2008 5.375 6F IO 2/6 LIB 122524815 7.5 13.5 6 1/1/2008 5 6L 2/6 LIBOR 121912074 8.25 0 0 00/00/0000 0 F IO F30/120 122244385 8.625 14.625 6 1/1/2008 5.5 6F IO 2/6 LIB 122398465 6.25 12.25 6 11/1/2007 5.75 7L 2/6 LIBOR 121973494 7 13 6 10/1/2007 5.5 6F IO 2/6 LIB 122396206 7.375 13.375 6 1/1/2011 5.875 6L IO 5/6 LIB 122483226 7.5 13.5 6 1/1/2008 6 6L 2/6 LIBOR 121733373 6.5 12.5 6 9/1/2007 5.5 6L IO 2/6 LIB 122341275 7.5 13.5 6 1/1/2009 5 1T 3/1TR40/30 121569352 7 13 6 9/1/2007 5.75 6F IO 2/6 LIB 122259210 6.25 12.25 6 12/1/2007 5.25 6F IO 2/6 LIB 122588380 8.125 14.125 6 1/1/2008 3.875 6L 2/6LI40/30 122591866 7 13 6 1/1/2008 3.75 6F IO 2/6 LIB 122634193 6.25 12.25 6 1/1/2008 3.25 6L 2/6 LIBOR 122548147 7.375 13.375 6 1/1/2008 5 6L 2/6LI40/30 122489092 6.625 0 0 00/00/0000 0 F FIXED30 121747936 6.875 12.875 6 11/1/2007 5.875 6L IO 2/6 LIB 121896536 5.5 11.5 6 9/1/2007 5.25 6F IO 2/6 LIB 122449791 5.5 0 0 00/00/0000 0 F FIXED30 122393177 7 13 6 1/1/2009 5.375 6L IO 3/6 LIB 122398463 6.5 12.5 6 12/1/2007 6.375 7L IO 2/6 LIB 122482791 7.25 13.25 6 1/1/2008 5.375 6F IO 2/6 LIB 121971182 7.5 13.5 6 10/1/2007 5.875 6F IO 2/6 LIB 121940525 5.875 11.875 6 10/1/2007 5.25 6F IO 2/6 LIB 122019741 7.5 13.5 6 1/1/2008 5.625 6F IO 2/6 LIB 122398446 6.49 12.49 6 11/1/2007 6 7L 2/6 LIBOR 121736762 6.5 11.5 5 10/1/2007 2.75 6L IO 2/6 LIB 122482038 7.125 13.125 6 1/1/2008 5.5 6F IO 2/6 LIB 122600657 7.5 0 0 00/00/0000 0 F FIXED30 121733000 7.75 13.75 6 9/1/2007 6.75 6L IO 2/6 LIB 122273146 7.875 13.875 6 12/1/2007 6.125 6F IO 2/6 LIB 122132398 8.5 14.5 6 10/1/2007 6.125 6F IO 2/6 LIB 122240599 6.5 12.5 6 10/1/2007 5 6F IO 2/6 LIB 121747661 5.375 11.375 6 7/1/2007 4.375 6L IO 2/6 LIB 121749079 6.125 12.125 6 12/1/2007 5.375 6L 2/6 LIB 121749071 6.375 12.375 6 11/1/2007 5.375 6L 2/6 LIB 122349372 7.125 13.125 6 12/1/2007 5 6L 2/6 LIBOR 122107660 8.625 0 0 00/00/0000 0 F FIXED30 122392654 8.625 14.625 6 12/1/2007 5 6L 2/6LI40/30 121738888 6.75 12.75 6 10/1/2007 5.75 7L IO 2/6 LIB 122074911 7.1 13.1 6 9/1/2007 6.1 6F IO 2/6 LIB 122108843 6.625 12.625 6 1/1/2008 5.75 6F IO 2/6 LIB 122398449 6.5 12.5 6 11/1/2007 6 7L IO 2/6 LIB 122447346 8.875 14.875 6 1/1/2008 5.75 6F IO 2/6 LIB 122459200 7.5 13.5 6 1/1/2008 5.625 6F IO 2/6 LIB 122190866 6.5 12.5 6 12/1/2007 5.25 6F IO 2/6 LIB 121939279 7.25 13.25 6 10/1/2007 5.375 6F IO 2/6 LIB 122031546 6 12 6 9/1/2007 5.25 6F IO 2/6 LIB 122472730 6.375 0 0 00/00/0000 0 F FIXED30 122604538 7.875 13.875 6 1/1/2008 5 6L 2/6LI40/30 122062320 6.5 12.5 6 11/1/2007 5.25 6F IO 2/6 LIB 122562905 5.75 11.75 6 1/1/2011 2.75 6L IO 5/6 LIB 121738596 6.5 12.5 6 10/1/2007 2.875 6L IO 2/6 LIB 122087476 6 12 6 11/1/2007 5.25 6F IO 2/6 LIB 122453305 8.5 14.5 6 1/1/2008 5.375 6F IO 2/6 LIB 121747587 6.75 12.75 6 11/1/2007 5.75 6L IO 2/6 LIB 121747788 7.25 13.25 6 11/1/2007 6.25 6L IO 2/6 LIB 122369741 8.25 14.25 6 12/1/2007 5.375 6F IO 2/6 LIB 122290816 7.125 13.125 6 1/1/2008 6.125 6L 2/6 LIBOR 122034862 8.5 14.5 6 1/1/2009 5 1T 3/1 ARM 122310666 6.375 12.375 6 12/1/2007 5.375 6F IO 2/6 LIB 122569152 8.375 14.375 6 1/1/2008 5 6L 2/6LI40/30 121748436 5.75 0 0 00/00/0000 0 F FIXED30 121730933 6.3 12.3 6 9/1/2007 5.3 6L IO 2/6 LIB 121704521 7.5 13.5 6 11/1/2008 5.25 6L IO 3/6 LIB 122207153 6.5 12.5 6 11/1/2007 5.25 6F IO 2/6 LIB 122476129 7.25 13.25 6 1/1/2011 5.875 6L IO 5/6 LIB 121852034 6.5 12.5 6 10/1/2007 5.5 6F IO 2/6 LIB 121780688 7.75 0 0 00/00/0000 0 F FIXED30 121804096 6.5 12.5 6 9/1/2007 5.5 6F IO 2/6 LIB 122667253 7.8 13.8 6 12/1/2007 6.8 6F IO 2/6 LIB 122317855 6.75 12.75 6 12/1/2007 5.25 6F IO 2/6 LIB 121571219 6.5 12.5 6 9/1/2008 2.75 6L IO 3/6 LIB 122064522 6.375 12.375 6 10/1/2010 2.75 6L IO 5/6 LIB 122243132 5.875 11.875 6 1/1/2008 5.375 6F IO 2/6 LIB 121748442 5.49 12.49 7 11/1/2010 5.99 6L 5/6 LIBOR 122470799 7.5 13.5 6 1/1/2008 5.375 6F IO 2/6 LIB 122626154 7.5 13.5 6 1/1/2008 5.25 6L 2/6 LIBOR 122482616 6.25 12.25 6 1/1/2009 3 1T 3/1 ARM 122206520 5.875 11.875 6 12/1/2008 6 6L IO 3/6 LIB 122079981 7.5 13.5 6 10/1/2007 5.375 6F IO 2/6 LIB 122097834 8.625 14.625 6 11/1/2010 2.75 6L IO 5/6 LIB 121747672 5.5 11.5 6 9/1/2008 4.5 6L 3/6 LIBOR 121747840 6.125 12.125 6 9/1/2007 5.125 6L IO 2/6 LIB 122192401 6.25 0 0 00/00/0000 0 F FIXED40/30 122604579 9.125 15.125 6 1/1/2008 5.25 6L 2/6 LIBOR 121747869 6.875 12.875 6 11/1/2007 5.875 6L IO 2/6 LIB 122248370 7.375 13.375 6 11/1/2007 5.375 6F IO 2/6 LIB 121736728 7 12 5 10/1/2007 2.75 6L IO 2/6 LIB 122542732 8.125 14.125 6 1/1/2009 5.625 6L 3/6LI40/30 121906393 6.625 12.625 6 10/1/2007 5.875 6F IO 2/6 LIB 122268682 8.25 14.25 6 12/1/2007 6 6F IO 2/6 LIB 121736697 7.25 12.25 5 9/1/2007 2.75 6L IO 2/6 LIB 122058747 7.875 13.875 6 1/1/2008 5.625 6L 2/6LI40/30 121732594 8.95 15.95 7 9/1/2008 7.2 6L IO 3/6 LIB 122658183 7.375 0 0 00/00/0000 0 F FIXED30 Borrower Mortg Ins Combined Carried Coverage Prepayment LTV at Loan Number Mortg Ins Amount Charge Origination --------------------------------------------------------------------------------------- 122456100 0 0 0 67.061 121510834 0 0 0 73.161 121724727 0 0 0 30 121690576 0 0 0 90 121846358 0 0 0 90 121525121 0 0 0 86.25 121128748 0 0 3 89.994 122430931 0 0 0 83.552 122045490 0 0 0 100 121929816 0 0 0 55 121872535 0 0 0 100 121648712 0 0 3 20.78 122501681 0 0 3 57.931 121479604 0 0 0 90 121396008 0 0 0 100 121369553 0 0 0 100 121537866 0 0 0 44.575 121569719 0 0 2 70.508 121963601 0 0 0 59.991 122005906 0 0 0 91.429 121972971 0 0 3 80 122511357 0 0 3 33.333 121351010 0 0 0 100 122532206 0 0 0 32.421 121174079 0 0 3 69.889 121605482 0 0 1 55.136 121753233 0 0 0 90 121759642 0 0 3 90 121958541 0 0 3 90 121549893 0 0 3 72.158 122067513 0 0 3 80 122255188 0 0 0 13.873 121419278 0 0 0 70.517 121958688 0 0 0 85 122472590 0 0 3 31.465 121631789 0 0 0 69.814 122537709 0 0 2 80 121348417 0 0 0 74.791 121905995 0 0 0 59.565 122212580 0 0 3 90 122309841 0 0 0 50 122575193 0 0 0 51.728 122063877 0 0 0 94.136 122147585 0 0 0 100 122358980 0 0 0 38.806 121298503 0 0 0 95 121692754 0 0 3 73.097 121426503 0 0 3 51.599 122143268 0 0 0 100 121465117 0 0 0 69.528 121609782 0 0 0 60.75 122366845 0 0 3 75 121921027 0 0 0 95 121725457 0 0 3 80 121955103 0 0 2 90 121983752 0 0 3 34.249 121766047 0 0 0 69.591 122494351 0 0 3 100 121599481 0 0 3 61.143 122583291 0 0 2 90 121926571 0 0 0 100 121933993 0 0 0 39.029 122518591 0 0 0 45.187 121543503 0 0 3 74.282 122184043 0 0 0 85 122362860 0 0 2 67.598 121712435 0 0 0 89.379 121528215 0 0 0 65.254 122152282 0 0 2 90 122331117 0 0 0 74.459 122598298 0 0 3 37.5 121283477 0 0 0 95 122292815 0 0 0 84.733 122109646 0 0 3 100 121450008 0 0 0 100 121076525 0 0 0 74.011 121841744 0 0 3 52.646 122280428 0 0 0 88.889 122479977 0 0 3 95 121803698 0 0 3 100 122062717 0 0 0 100 122196880 0 0 3 100 121374878 0 0 0 74.12 121445603 0 0 3 65 121462486 0 0 0 43.333 122545993 0 0 3 72.888 122494484 0 0 2 67.107 121801923 0 0 0 98 122354392 0 0 0 34.849 121099832 0 0 0 71.032 122053051 0 0 3 61.818 122185581 0 0 2 80 122597630 0 0 0 100 122386893 0 2 89.999 121803961 0 0 0 98.781 121814589 0 0 0 90 121725214 0 0 3 76.09 121262529 0 0 1 61.973 121235052 0 0 0 69.134 121647327 0 0 0 61.806 122223243 0 0 0 69.898 122184621 0 0 0 78.924 121939538 0 0 2 90 122277660 0 0 3 70 121425184 0 0 2 100 122383660 0 0 0 90 122092895 0 0 2 100 121822524 0 0 3 100 122428862 0 0 3 63.442 121695564 0 0 3 95 122394720 0 0 2 85 122430776 0 0 2 85 121591917 0 0 0 72.192 121511985 0 0 0 80 121872880 0 0 2 100 121888724 0 0 0 90 122059207 0 0 2 90 122360713 0 0 0 90 122358836 0 0 3 56.115 122348317 0 0 2 85 121511644 0 0 0 56.88 121852850 0 0 0 66.207 121943025 0 0 1 90 121725184 0 0 3 80 121521150 0 0 0 62.731 122012466 0 0 3 60.238 122522542 0 0 2 100 121570916 0 0 0 65.043 121843866 0 0 0 64.032 122542876 0 0 0 66.667 122570741 0 0 0 63.492 122269913 0 0 3 80 122372619 0 0 2 80 122389022 0 0 0 79.989 122512573 0 0 0 57.908 122544838 0 0 0 80 122451994 0 0 2 94.496 121565865 0 0 0 86.129 122096436 0 0 3 90 121667766 0 0 0 95 121782881 0 0 0 80 122086309 0 2 95 122119072 0 0 0 90 122274140 0 0 2 80 122454827 0 0 2 100 122429356 0 0 2 85 121724717 0 0 0 80 122074953 0 0 0 28.037 121374852 0 0 0 33.504 121525110 0 0 0 100 121822633 0 0 2 90 121388655 0 0 0 90 122477647 0 0 0 90 122378713 0 0 2 100 122439397 0 0 2 90 122391263 0 0 3 77.193 122436029 0 0 2 100 122611165 0 0 0 75 122654502 0 0 0 100 122522727 0 0 3 70 122463076 0 0 3 100 122329071 0 0 2 80 121671616 0 0 0 100 121724729 0 0 3 76.67 121768513 0 0 0 70.321 122020905 0 0 2 90 122445455 0 0 3 47.164 122218222 0 0 2 90 122392183 0 0 3 90 122381956 0 0 2 69.231 122667248 0 0 15 122309326 0 0 0 100 121961968 0 0 0 87.473 122256518 0 0 2 70 122044108 0 0 2 90 122051649 0 0 2 90 122376623 0 0 3 65.141 122606446 0 0 3 100 122482795 0 0 0 100 122202553 0 2 50 122056882 0 0 0 95 121830229 0 0 2 90 121466685 0 0 0 88.496 122580612 0 0 3 100 121724599 0 0 0 74.59 122558082 0 0 2 88.889 122184075 0 0 0 80 121313145 0 0 0 67.122 121543130 0 0 3 60.735 122329326 0 0 2 73.134 121770826 0 0 3 49.719 121805254 0 0 2 90 122121108 0 0 2 83.898 121447896 0 0 0 74.59 121505677 0 0 3 61.499 121575866 0 0 0 82.646 121481920 0 0 0 56.57 122430932 0 0 0 48.226 121655063 0 0 0 66.496 121710087 0 0 3 68.673 122438719 0 0 2 95 121862584 0 0 2 70.413 122279725 0 0 0 92.195 121748428 0 0 2 47.62 122264438 0 0 0 54.564 122435697 0 0 0 70.814 122483616 0 0 0 68.966 122497396 0 0 0 42.971 122558185 0 0 0 43.598 122590872 0 0 0 49.234 121748435 0 0 2 38.54 122021258 0 0 0 95 121748268 0 0 3 90 122486068 0 0 0 100 122508320 0 0 2 100 121748138 0 0 2 99.97 121725030 0 0 0 72.86 121625682 0 0 0 95 122390138 0 0 0 89.985 122459712 0 0 2 80 122446004 0 0 2 100 122008901 0 0 5 69.999 121685896 0 0 0 90 121960517 0 0 0 92.593 122452353 0 2 95 122335941 0 0 0 85 122447713 0 0 2 85 122555842 0 0 2 100 121749049 0 0 1 100 122474312 0 0 0 51.123 122381994 0 0 3 100 121984928 0 0 0 90 121307361 0 0 0 95 121748311 0 0 2 100 122571454 0 0 2 77.941 121748218 0 0 3 100 121863819 0 0 2 72.069 122511737 0 0 0 80 122509048 0 0 68.846 121725463 0 0 0 76.08 121856395 0 0 2 90 122083505 0 0 2 90 122254074 0 0 3 90 122169453 0 0 0 100 122537395 0 0 3 80 122381324 0 0 3 34.25 121754841 0 0 0 58.333 121857581 0 0 0 65.919 121748199 0 0 3 100 121951985 0 0 3 45.185 122393891 0 0 3 78.571 122510128 0 0 0 40.498 122134638 0 0 3 95 122067676 0 0 0 80 122518150 0 0 3 75 122063761 0 0 2 90 122079574 0 0 2 90 122282235 0 0 2 100 122491526 0 0 3 100 121724713 0 0 0 80 121846498 0 0 0 39.782 122609795 0 2 100 122543123 0 0 3 95 121748213 0 0 3 100 122488747 0 0 3 100 121748237 0 0 3 100 121839326 0 0 3 90 122391640 0 0 3 74.6 122344736 0 0 0 80 122370814 0 0 0 80 122508060 0 0 2 75 122484227 0 0 0 55.238 122596521 0 0 3 100 122510800 0 0 3 90 121968568 0 0 0 84.509 122370207 0 0 0 90 122464914 0 0 0 100 122539813 0 0 3 65.556 121743904 0 0 0 29.6 122501077 0 0 2 100 121601622 0 0 0 76.3 122332868 0 0 2 85 122391420 0 0 3 100 121619989 0 0 0 64.638 121141491 0 0 0 69.091 122091985 0 0 2 90 121576358 0 0 0 87.378 122479576 0 0 3 73.846 121748265 0 0 2 100 121892459 0 0 0 64.226 121748309 0 0 3 100 122155928 0 0 2 75 121977502 0 0 0 90 122368191 0 0 2 100 121947931 0 0 0 80 122498745 0 0 2 26.087 122113650 0 0 2 59.406 122321797 0 0 2 68.966 122494394 0 0 2 100 122587549 0 0 3 74.832 122616687 0 0 2 89.866 122583676 0 0 3 90 122287398 0 0 2 65 122056780 0 0 2 80 122302390 0 0 2 90 122225406 0 0 3 90 121748242 0 0 0 100 122157978 0 0 0 53.114 122139937 0 0 0 95 121998003 0 0 3 42.534 121748999 0 0 2 100 122314008 0 0 0 74.332 122439298 0 0 3 68.889 122354139 0 0 3 90 121359480 0 0 0 90 122503977 0 0 2 100 122607060 0 0 2 100 122615954 0 3 100 121748263 0 0 2 100 122310798 0 0 0 33.326 122468274 0 0 3 70 121748289 0 0 3 100 122535037 0 0 2 90 122452951 0 0 2 90 122471060 0 0 2 70 122118219 0 0 0 100 121724698 0 0 0 79.99 122594883 0 0 2 100 122372976 0 0 2 95 122394320 0 0 2 72.443 122547985 0 0 0 100 122636775 0 0 3 100 122351940 0 0 2 80 121335452 0 0 3 48.471 121747609 0 0 3 100 121725006 0 0 0 73.08 122149877 0 0 1 100 121724886 0 0 3 55 122527432 0 0 2 100 122500513 0 0 2 100 122216679 0 0 3 70 122485401 0 0 2 100 121671748 0 0 0 38.103 122480629 0 0 0 95 121724839 0 0 0 79.99 122451497 0 0 2 95 122370515 0 0 2 67.347 121859380 0 0 0 100 121748294 0 0 1 95 122563524 0 0 95 122116599 0 0 2 95 122580999 0 0 2 100 122459389 0 0 0 56.289 121724794 0 0 3 80 122076068 0 0 2 89.404 122634400 0 0 90 121874904 0 0 3 90 122370386 0 0 2 86.076 122192483 0 0 2 88.903 122192907 0 0 2 88.903 121877869 0 0 0 60 121748173 0 0 3 100 121747979 0 0 2 100 122067249 0 0 2 80 121937408 0 0 3 100 121969468 0 0 2 100 122382127 0 0 2 100 122267636 0 0 2 85 122281488 0 0 100 121725292 0 0 3 80 121748347 0 0 1 100 121329912 0 0 0 73.139 121748325 0 0 0 100 121747959 0 0 0 100 121971319 0 0 0 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80.87 122024258 0 0 2 100 121676664 0 0 0 99.15 122107537 0 0 3 100 122614411 0 0 0 100 121747823 0 0 3 93.33 121748241 0 0 3 100 121850859 0 0 2 80 121989723 0 0 2 100 122386762 0 0 3 100 122494597 0 0 0 89.623 122530552 0 0 2 100 122595435 0 0 2 90 122602381 0 0 0 100 122266324 0 0 0 90 122233343 0 0 2 88.92 122261364 0 0 0 50 121598527 0 0 0 99.886 122483613 0 0 2 99.966 122353014 0 0 1 100 122575842 0 3 100 122070438 0 0 0 80 121725004 0 0 2 71.25 122524851 0 0 1 85 122056073 0 0 2 100 122580984 0 0 0 100 121812240 0 0 0 100 121825542 0 0 2 98.611 122595901 0 0 2 100 122613954 0 3 100 122281621 0 0 3 90 122371322 0 0 2 100 122496098 0 0 0 78.66 122331685 0 0 2 100 122107115 0 0 2 70.37 122592145 0 0 2 89.973 121747606 0 0 3 95 122585087 0 2 89.063 122632434 0 0 3 89.996 122171493 0 0 2 84.874 122479228 0 0 2 100 122554543 0 0 2 35.85 121733114 0 0 2 100 122363389 0 0 0 85 122522888 0 0 0 100 122575286 0 0 0 100 122455938 0 0 2 100 122371864 0 0 2 100 121748350 0 0 2 100 122012729 0 0 2 100 122028107 0 0 2 100 122041008 0 0 2 85.556 122103626 0 0 2 100 122455336 0 0 3 100 122537294 0 0 0 57.6 122551166 0 0 2 100 122592765 0 0 0 90 122074873 0 0 2 85 122119762 0 0 0 100 122485307 0 0 2 100 122325596 0 0 0 100 122268051 0 0 2 100 121984301 0 0 0 100 121770714 0 0 2 95 122468374 0 0 0 89.815 122518145 0 0 0 100 121791817 0 0 2 90 121745848 0 0 1 100 122039835 0 0 0 100 122091652 0 0 2 100 122192661 0 0 3 80 122205253 0 0 2 100 122321436 0 0 0 80 122505436 0 0 2 69.856 122544067 0 2 94.986 122545370 0 1 100 122635832 0 0 2 95 122154857 0 0 0 90 121760176 0 0 0 95 122000739 0 0 0 90 121733032 0 0 0 90 121733376 0 0 0 90 121733158 0 0 2 100 121749069 0 0 1 89.7 121749028 0 0 1 72.09 122327722 0 0 2 100 122239663 0 0 0 90 121749082 0 0 1 95 122428984 0 0 2 100 122353237 0 0 0 100 121748139 0 0 3 100 122629887 0 1 100 122527035 0 0 85 122448288 0 0 2 80 122284487 0 0 2 95 122186069 0 0 2 100 122269122 0 0 2 100 122293194 0 0 2 100 122527970 0 0 2 100 122563476 0 0 2 100 122391696 0 0 3 95 122075017 0 0 0 100 122525862 0 0 2 90 122129308 0 0 2 85 122075007 0 0 2 95 121935576 0 0 3 100 122524086 0 0 0 83.333 122472116 0 0 2 100 121717948 0 0 0 100 122318797 0 0 0 99.198 122238701 0 0 3 74.75 121749053 0 0 2 79.79 122048742 0 0 0 42.31 122559088 0 0 1 100 122102791 0 0 2 100 122113135 0 0 2 100 122437854 0 0 100 122502798 0 0 2 78.947 122361875 0 0 3 100 122499768 0 0 2 64.935 121738005 0 0 0 90 122049476 0 0 3 60 122107889 0 0 2 67.416 122166640 0 0 2 100 122182125 0 0 3 68.182 122242597 0 0 2 90 122307940 0 0 0 100 122365154 0 0 2 100 122391068 0 0 0 63.158 122394632 0 0 3 57.361 122505608 0 0 2 100 122576263 0 0 2 100 121756645 0 0 1 90 122218105 0 0 2 90 122338992 0 0 2 90 122496006 0 0 3 90 122508964 0 0 2 85.07 121749081 0 0 0 79.47 122508197 0 0 0 100 122373459 0 0 2 100 122134814 0 0 0 89.353 122443216 0 0 2 100 121747912 0 0 2 95 122371320 0 0 0 80 122627218 0 0 0 95 122063981 0 0 2 100 122074928 0 0 1 90 122118914 0 0 0 100 121733086 0 0 2 68.82 121749057 0 0 2 60 122235042 0 0 1 90 122521286 0 0 2 90 122555352 0 0 2 85 121745835 0 0 2 66.74 122585843 0 0 1 100 122467764 0 0 2 100 122579432 0 0 1 82.667 122313481 0 0 2 88 122149962 0 0 0 100 122239361 0 0 3 100 122388462 0 0 3 90 121916542 0 0 0 100 122511860 0 0 2 100 122572710 0 0 2 100 122217526 0 0 0 67.912 122280279 0 0 0 100 121749056 0 0 1 90 121808338 0 0 2 89.855 122276980 0 0 0 100 122387577 0 0 0 83.784 122539922 0 0 0 100 122545737 0 0 3 72.941 122582539 0 0 0 71.264 122520226 0 0 0 95 122386849 0 0 0 83.851 122313520 0 0 1 90 121988463 0 0 0 90 122495104 0 0 3 90 121862798 0 0 0 89.884 122535261 0 0 2 100 122318382 0 0 3 100 122573455 0 0 2 83 122579535 0 2 100 121747923 0 0 0 80 122280874 0 2 100 122256689 0 0 3 100 121748439 0 0 2 95 122074709 0 0 2 95 122575904 0 0 0 100 122637094 0 1 99.128 121788167 0 0 2 99.975 122608765 0 0 0 100 121966390 0 0 2 95 122585344 0 2 70 121994860 0 0 2 90 122059925 0 0 2 90 122091366 0 0 2 90 122125588 0 0 2 90 122323022 0 0 2 100 122519477 0 0 0 90 122572104 0 0 0 75 122598402 0 0 2 90 122290788 0 0 0 95 121749022 0 0 2 91.4 122590596 0 0 2 100 122539899 0 0 0 82.995 121843790 0 0 2 90 122302699 0 0 3 90 122296800 0 0 2 100 121738519 0 0 0 73.56 122068874 0 0 2 69.565 122110407 0 0 2 100 122197180 0 0 2 100 122448392 0 0 2 100 122515817 0 0 2 51.613 122527897 0 0 2 84.21 122556342 0 0 3 100 122570214 0 0 0 100 122552441 0 0 0 85 122558827 0 0 100 122332702 0 0 2 84.646 122154678 0 0 2 100 121733051 0 0 0 95 121747622 0 0 3 95 122485150 0 0 0 95 122580359 0 0 1 85 121960014 0 0 2 85 122339377 0 0 0 100 122539867 0 0 3 60 122392418 0 0 0 95 121738904 0 0 2 100 122130372 0 0 1 100 122581812 0 0 0 80 122587064 0 0 0 80 122587175 0 0 0 80 122611006 0 0 0 90 122674747 0 1 100 122391260 0 0 1 80 122574925 0 0 0 100 121708632 0 0 2 83.333 122554696 0 0 3 55.556 122004733 0 0 2 100 122428958 0 0 2 100 122473262 0 0 0 85 122686264 0 0 85 122303699 0 0 2 100 122580487 0 0 100 122488762 0 2 99.988 122049227 0 0 2 100 122143630 0 0 3 100 122271468 0 0 2 100 122444453 0 0 2 100 122478203 0 0 2 100 122358513 0 0 0 100 121767250 0 0 0 80 121645560 0 0 0 99.997 122591736 0 0 2 80.097 121788075 0 0 3 77.882 122077184 0 0 0 100 122442379 0 0 2 100 121935680 0 0 0 79.999 122258691 0 0 2 95 122514979 0 0 2 100 121740496 0 0 2 90 122325369 0 0 2 90 122395089 0 0 0 100 122585751 0 0 2 100 121747769 0 0 2 90 122493477 0 0 3 100 122492794 0 0 0 100 122631727 0 0 3 100 122074920 0 0 2 84.848 121733138 0 0 2 89.87 122509180 0 0 2 100 121587267 0 0 0 90 121747591 0 0 1 100 122503177 0 0 0 90 122550631 0 0 75 122150112 0 0 2 100 122042093 0 0 2 100 122332701 0 0 3 81.314 121732515 0 0 0 75.56 122393249 0 0 0 95 122533412 0 0 2 100 122203433 0 0 1 100 121993886 0 0 2 100 121745808 0 0 2 80 121747571 0 0 1 85 121961521 0 0 3 100 122055542 0 0 0 80 122437609 0 0 95 122452602 0 0 3 62.963 122478977 0 0 2 80 122533360 0 0 3 65.385 122310041 0 0 3 83.951 122161062 0 0 0 90 122475246 0 0 3 100 122013119 0 0 2 100 122172225 0 0 3 99.988 121885050 0 0 0 90 122507291 0 0 3 74.348 122604632 0 0 2 95 122088953 0 0 2 95 122554907 0 0 2 89.997 122395182 0 0 0 84.691 122509823 0 0 3 100 121738468 0 0 2 90 121961761 0 0 0 100 122238115 0 0 2 95 122221586 0 0 3 85 122428286 0 0 0 69.98 121962508 0 0 3 93.869 122255246 0 0 2 100 122285387 0 0 2 100 122620330 0 0 3 90 121884972 0 0 3 89.778 122202294 0 0 2 100 122495812 0 0 2 100 122635478 0 0 2 100 122355314 0 0 0 80 122103176 0 0 2 100 122126108 0 0 2 100 122505200 0 0 2 100 122504551 0 0 2 62.167 121733002 0 0 0 63.64 121928690 0 0 2 74.468 122536542 0 0 2 70 122273277 0 0 0 95 121975400 0 0 0 100 122095168 0 0 3 90 122436455 0 0 0 100 122383460 0 0 0 99.959 122213648 0 0 2 100 122262885 0 0 0 74.894 122332662 0 0 2 80 122349831 0 0 1 100 122503103 0 0 2 90 122552092 0 0 100 122627775 0 0 2 100 122444558 0 0 2 85 121506515 0 0 0 100 122474174 0 0 3 65.37 122662687 0 0 2 100 121643032 0 0 2 90 122470457 0 0 3 59.167 122350769 0 0 2 100 122272376 0 0 2 90 122198927 0 0 1 100 122249561 0 0 2 97.753 122358701 0 0 2 100 122290844 0 0 0 95 122456247 0 0 3 66.111 122214586 0 0 2 90 121635896 0 0 0 90 122237340 0 0 2 100 122517746 0 0 0 45.211 122529892 0 0 0 72.525 122080179 0 0 0 100 122528704 0 0 3 100 121553709 0 0 2 89.632 122616784 0 1 99.98 122265099 0 0 0 98.8 122524997 0 0 0 75 122034679 0 0 2 100 122103845 0 0 2 100 122184847 0 0 2 68.571 122206840 0 0 0 95 122283043 0 0 2 95 122328656 0 0 0 80 122515460 0 0 0 100 122556365 0 0 100 122576725 0 2 100 122622341 0 0 3 100 122230180 0 0 0 95 121733106 0 0 2 95 121994929 0 0 2 100 122614228 0 0 2 99.824 122112913 0 0 0 100 122452108 0 0 0 100 122326483 0 0 2 100 121749068 0 0 0 78.49 122515155 0 0 2 90 121738900 0 0 2 90 122295833 0 0 2 100 122598080 0 0 3 79.99 122667251 0 2 85 121747630 0 0 2 95 121749013 0 0 2 62.25 122398456 0 0 2 100 122541009 0 0 3 70 122567051 0 0 2 100 122284897 0 0 0 100 122467723 0 0 0 100 122510336 0 0 2 100 122632996 0 0 2 100 122582202 0 0 3 85 122305775 0 0 1 90 121654120 0 0 0 90 122451676 0 0 0 79.548 121747931 0 0 2 95 122398452 0 0 2 100 122439167 0 0 0 80 121958797 0 0 2 100 122686258 0 0 100 122491609 0 1 99.879 122054263 0 0 2 100 122003840 0 0 2 100 122177319 0 0 0 100 122584166 0 0 3 50.336 121990655 0 0 3 69.188 122266751 0 0 2 82.418 122040449 0 0 0 100 122494595 0 0 3 100 122214671 0 0 2 100 122175315 0 0 0 100 122521752 0 0 2 90 122432605 0 0 1 74.118 122510724 0 0 0 100 122519783 0 0 0 90 122079352 0 0 2 100 120893121 0 0 0 64.957 122139001 0 0 2 95 122398458 0 0 1 100 122550656 0 0 100 122599186 0 0 3 100 122256866 0 2 100 122428719 0 0 2 85 122011309 0 0 2 90 122234215 0 0 3 75 122101772 0 0 2 100 122391811 0 0 3 90 122304080 0 0 3 96.974 121970526 0 0 2 89.535 121749032 0 0 2 90 122014496 0 0 3 65.983 121749037 0 0 0 84.99 122378256 0 0 0 90 122526829 0 0 1 100 121946586 0 0 0 90 122535214 0 0 2 90 122337705 0 0 3 100 122314285 0 0 3 99.877 122367442 0 0 3 95 122446769 0 0 1 95 121749051 0 0 2 100 122341065 0 0 2 100 121738537 0 0 0 95 122053311 0 0 2 100 122504633 0 0 2 100 122522207 0 0 2 100 122527392 0 0 0 100 122508083 0 0 0 86.645 122201340 0 0 0 90 122496563 0 0 2 90 121733020 0 0 2 100 122464342 0 0 2 100 121870089 0 0 1 90 122524932 0 0 2 90 122585145 0 0 1 100 122600070 0 0 2 100 122115247 0 0 2 100 122087136 0 0 2 95 122495677 0 0 0 73.193 122553460 0 0 1 80 122338858 0 0 3 100 122526476 0 0 1 85 122464808 0 0 0 78.431 122180777 0 0 0 52.869 122246840 0 0 0 95 122289636 0 0 3 97.087 122321993 0 0 0 93 122437069 0 0 3 84.211 122444841 0 0 0 100 122478881 0 0 0 80 122558534 0 0 0 75.472 122132634 0 0 2 100 122572156 0 0 0 100 122236394 0 0 3 74.953 121738631 0 0 0 85.97 122628250 0 0 2 100 122147278 0 0 1 71.681 122114114 0 0 1 90 122335769 0 0 0 95 121747858 0 0 2 90 122072217 0 0 2 90 122442793 0 0 1 100 122398454 0 0 1 100 122635680 0 0 99.998 122300325 0 0 2 54.267 122503436 0 0 2 100 122398019 0 0 2 100 122275341 0 0 2 100 122472615 0 0 0 100 121879856 0 0 0 95 122568906 0 0 2 100 121802923 0 0 0 95 122296751 0 0 1 85 121738610 0 0 2 100 121991798 0 0 0 100 122580058 0 2 100 122341019 0 2 100 121736740 0 0 0 90 122067204 0 0 2 100 122603136 0 0 0 100 121747939 0 0 0 100 122558714 0 0 0 75 122617468 0 0 100 122588102 0 0 0 100 121747567 0 0 2 99.99 122095738 0 0 2 100 122270064 0 0 2 80 122310897 0 0 2 100 122437418 0 1 100 122635163 0 0 0 100 122534083 0 0 3 89.839 122094636 0 0 2 90 122441185 0 0 100 122490195 0 0 2 70 122585248 0 0 0 100 122045900 0 0 2 68.293 122484047 0 0 2 100 121823293 0 0 0 99.83 122454365 0 0 2 100 122174842 0 0 0 100 122369319 0 0 3 100 121738623 0 0 0 95 122139142 0 0 2 90 122311631 0 0 2 100 122667252 0 2 80 122579031 0 3 85 122636140 0 0 3 100 122356182 0 0 2 100 121747792 0 0 3 100 121747585 0 0 1 80 122526659 0 0 2 74.359 122230593 0 0 2 100 122385892 0 0 0 100 122494317 0 0 2 80 121784587 0 0 2 95 122667819 0 2 100 122310182 0 0 0 100 122126878 0 0 0 100 122565897 0 0 2 100 122465362 0 0 2 90 122537854 0 0 2 100 122395951 0 0 2 100 122206118 0 0 2 100 121674021 0 0 1 89.641 121747882 0 0 3 84.59 121748431 0 0 0 71.89 121747843 0 0 2 74.38 122362005 0 0 3 90 122366261 0 0 0 80 122074882 0 0 0 99.993 121863824 0 0 2 100 122094136 0 0 0 79.298 122172204 0 0 1 100 121748276 0 0 2 95 122275467 0 0 2 100 121747848 0 0 2 100 122255277 0 0 2 100 122555148 0 0 2 100 121738487 0 0 0 90 122353371 0 0 0 84.307 122510977 0 0 0 100 122033420 0 0 2 82 121982492 0 0 2 100 122053823 0 0 0 90 122332727 0 0 2 100 121723176 0 0 3 100 122528544 0 0 0 100 122473964 0 0 3 100 121731071 0 0 2 100 122074979 0 0 1 90 122065524 0 0 2 64.87 122455189 0 0 2 74.803 121747639 0 0 2 100 121747648 0 0 3 100 121747699 0 0 2 100 122503590 0 0 1 100 122524815 0 0 0 100 121912074 0 1 100 122244385 0 0 0 62.763 122398465 0 0 2 100 121973494 0 0 2 100 122396206 0 0 3 100 122483226 0 0 2 82.051 121733373 0 0 2 90 122341275 0 0 3 94.531 121569352 0 0 0 89.63 122259210 0 0 3 89.72 122588380 0 0 0 100 122591866 0 0 2 100 122634193 0 0 2 100 122548147 0 0 2 100 122489092 0 0 3 85 121747936 0 0 2 92.29 121896536 0 0 2 100 122449791 0 0 3 64.933 122393177 0 0 3 100 122398463 0 0 2 100 122482791 0 0 2 100 121971182 0 0 2 85 121940525 0 0 2 93.889 122019741 0 0 1 90 122398446 0 0 2 100 121736762 0 0 0 80 122482038 0 0 2 100 122600657 0 0 3 100 121733000 0 0 2 90 122273146 0 0 0 90 122132398 0 0 2 90 122240599 0 0 2 75 121747661 0 0 2 99.99 121749079 0 0 1 70 121749071 0 0 1 45.45 122349372 0 0 2 88.511 122107660 0 0 0 64.516 122392654 0 0 0 34.483 121738888 0 0 2 68.97 122074911 0 0 0 76.923 122108843 0 0 2 67.659 122398449 0 0 2 100 122447346 0 0 0 65.617 122459200 0 0 2 100 122190866 0 0 2 100 121939279 0 0 2 85 122031546 0 0 2 100 122472730 0 0 0 100 122604538 0 0 2 84.959 122062320 0 0 2 100 122562905 0 0 0 99.231 121738596 0 0 0 100 122087476 0 0 2 95 122453305 0 0 0 94.925 121747587 0 0 2 100 121747788 0 0 1 95 122369741 0 0 2 90 122290816 0 0 3 89.95 122034862 0 0 3 90 122310666 0 0 2 95 122569152 0 0 2 98.491 121748436 0 0 3 83.61 121730933 0 0 2 90 121704521 0 0 0 68.75 122207153 0 0 2 100 122476129 0 0 3 80 121852034 0 0 2 95 121780688 0 0 0 90 121804096 0 0 2 95 122667253 0 2 77.616 122317855 0 0 2 80 121571219 0 0 0 86.667 122064522 0 0 0 79.893 122243132 0 0 2 99.737 121748442 0 0 3 75 122470799 0 0 2 100 122626154 0 0 2 100 122482616 0 0 0 100 122206520 0 0 2 73.733 122079981 0 0 2 95 122097834 0 0 0 100 121747672 0 0 3 84.94 121747840 0 0 2 100 122192401 0 0 3 92.391 122604579 0 0 0 83.369 121747869 0 0 1 95 122248370 0 0 2 80 121736728 0 0 0 89.99 122542732 0 0 0 74.359 121906393 0 0 2 74 122268682 0 0 2 100 121736697 0 0 0 87.44 122058747 0 0 0 80 121732594 0 0 0 93.31 122658183 0 0 100
SCHEDULE II
Home Equity Mortgage Loan Asset-Backed Certificates,
Series INABS 2006-A
Representations and Warranties of the Seller/Servicer
Indy Mac Bank, F.S.B. (“IndyMac”) hereby makes the representations and warranties in this Schedule II to the Depositor and the Trustee as of the Closing Date. Capitalized terms used but not otherwise defined in this Schedule II shall have the meanings ascribed thereto in the Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”) relating to the above-referenced Series, among IndyMac, as Seller and Servicer, IndyMac ABS, Inc., as Depositor, and Deutsche Bank National Trust Company, as Trustee and Supplemental Interest Trust Administrator.
(1) IndyMac is duly organized as a federally insured savings bank and is validly existing and in good standing under the laws of the United States of America and is duly authorized and qualified to transact any business contemplated by the Pooling and Servicing Agreement to be conducted by IndyMac in any state in which a Mortgaged Property is located or is otherwise not required under applicable law to effect such qualification and, in any event, is in compliance with the doing business laws of any such state, to the extent necessary to ensure its ability to enforce each Mortgage Loan, to service the Mortgage Loans in accordance with the Pooling and Servicing Agreement and to perform any of its other obligations under the Pooling and Servicing Agreement in accordance with the terms thereof.
(2) IndyMac has the full corporate power and authority to sell and service each Mortgage Loan, and to execute, deliver and perform, and to enter into and consummate the transactions contemplated by the Pooling and Servicing Agreement and has duly authorized by all necessary corporate action on the part of IndyMac the execution, delivery and performance of the Pooling and Servicing Agreement; and each of the Pooling and Servicing Agreement, assuming the due authorization, execution and delivery thereof by the other parties thereto, constitutes a legal, valid and binding obligation of IndyMac, enforceable against IndyMac in accordance with its terms, except that (a) the enforceability thereof may be limited by bankruptcy, insolvency, moratorium, receivership and other similar laws relating to creditors’ rights generally and (b) the remedy of specific performance and injunctive and other forms of equitable relief may be subject to equitable defenses and to the discretion of the court before which any proceeding therefor may be brought.
(3) The execution and delivery of the Pooling and Servicing Agreement by IndyMac, the sale and servicing of the Mortgage Loans by IndyMac under the Pooling and Servicing Agreement, the consummation of any other of the transactions contemplated by the Pooling and Servicing Agreement, and the fulfillment of or compliance with the terms of the Pooling and Servicing Agreement are in the ordinary course of business of IndyMac and will not (A) result in a material breach of any term or provision of the charter or by-laws of IndyMac, (B) materially conflict with, result in a material breach, violation or acceleration of, or result in a material default under, any other material agreement or instrument to which IndyMac is a party or by which it may be bound, or (C) constitute a material violation of any statute, order or regulation applicable to IndyMac of any court, regulatory body, administrative agency or governmental body having jurisdiction over IndyMac (including the OTS, the FDIC or any other governmental entity having
regulatory authority over IndyMac); and IndyMac is not in breach or violation of any material indenture or other material agreement or instrument, or in violation of any statute, order or regulation of any court, regulatory body, administrative agency or governmental body having jurisdiction over it (including the OTS, the FDIC or any other governmental entity having regulatory authority over IndyMac) which breach or violation may materially impair IndyMac’s ability to perform or meet any of its obligations under the Pooling and Servicing Agreement.
(4) IndyMac is an approved servicer of conventional mortgage loans for FNMA or FHLMC or is a mortgagee approved by the Secretary of Housing and Urban Development pursuant to Sections 203 and 211 of the National Housing Act.
(5) No litigation is pending or, to the best of IndyMac’s knowledge, threatened against IndyMac that would prohibit the execution or delivery of, or performance under, the Pooling and Servicing Agreement by IndyMac.
(6) IndyMac is a member of MERS in good standing, and will comply in all material respects with the rules and procedures of MERS in connection with the servicing of the MERS Mortgage Loans for as long as such Mortgage Loans are registered with MERS.
SCHEDULE III
Home Equity Mortgage Loan Asset-Backed Certificates,
Series INABS 2006-A
Representations and Warranties as to the Mortgage Loans
IndyMac Bank, F.S.B. (“IndyMac”) hereby makes the representations and warranties in this Schedule III to the Depositor and the Trustee, as of the Closing Date, or if so specified herein, as of the Cut-off Date or date of origination of the Mortgage Loan (as applicable). Capitalized terms used but not otherwise defined in this Schedule III shall have the meanings ascribed thereto in the Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”) relating to the above-referenced Series, among IndyMac, as Seller and Servicer, IndyMac ABS, Inc., as Depositor, and Deutsche Bank National Trust Company, as Trustee and Supplemental Interest Trust Administrator.
(1) The information on Schedule I to the Pooling and Servicing Agreement with respect to each Mortgage Loan is true and correct in all material respects as of the Closing Date.
(2) As of the Closing Date, all regularly scheduled monthly payments due with respect to each Mortgage Loan up to and including the Due Date before the Cut-off Date have been made; and as of the Cut-off Date, no Mortgage Loan had a regularly scheduled monthly payment that was 30 or more days Delinquent during the twelve months before the Cut-off Date.
(3) With respect to any Mortgage Loan, each Mortgage is a valid and enforceable first lien on the Mortgaged Property subject only to (a) the lien of nondelinquent current real property taxes and assessments and liens or interests arising under or as a result of any federal, state or local law, regulation or ordinance relating to hazardous wastes or hazardous substances and, if the related Mortgaged Property is a unit in a condominium project or planned unit development, any lien for common charges permitted by statute or homeowner association fees, (b) covenants, conditions and restrictions, rights of way, easements and other matters of public record as of the date of recording of such Mortgage, such exceptions appearing of record being generally acceptable to mortgage lending institutions in the area wherein the related Mortgaged Property is located or specifically reflected in the appraisal made in connection with the origination of the related Mortgage Loan, and (c) other matters to which like properties are commonly subject that do not materially interfere with the benefits of the security intended to be provided by such Mortgage.
(4) Immediately before the assignment of the Mortgage Loans to the Depositor, the Seller had good title to, and was the sole owner of, each Mortgage Loan free and clear of any pledge, lien, encumbrance or security interest and had full right and authority, subject to no interest or participation of, or agreement with, any other party, to sell and assign the same pursuant to the Pooling and Servicing Agreement.
(5) As of the date of origination of each Mortgage Loan, there was no delinquent tax or assessment lien against the related Mortgaged Property.
(6) There is no valid offset, defense or counterclaim to any Mortgage Note or Mortgage, including the obligation of the Mortgagor to pay the unpaid principal of or interest on such Mortgage Note.
(7) There are no mechanics’ liens or claims for work, labor or material affecting any Mortgaged Property that are or may be a lien before, or equal with, the lien of such Mortgage, except those that are insured against by the title insurance policy referred to in item (11) below.
(8) No Mortgaged Property has been materially damaged by water, fire, earthquake, windstorm, flood, tornado or similar casualty (excluding casualty from the presence of hazardous wastes or hazardous substances, as to which the Seller makes no representation) so as to affect adversely the value of the related Mortgaged Property as security for the Mortgage Loan.
(9) Each Mortgage Loan and prepayment penalty associated with the Mortgage Loan at origination complied in all material respects with applicable federal, state and local laws, including usury, equal credit opportunity, real estate settlement procedures, truth-in-lending, Home Ownership and Equity Protection Act of 1994, applicable predatory and abusive lending and disclosure laws, or any noncompliance does not have a material adverse effect on the value of the related Mortgage Loan.
(10) As of the Closing Date, the Seller has not modified the Mortgage in any material respect (except that a Mortgage Loan may have been modified by a written instrument that has been recorded or submitted for recordation, if necessary, to protect the interests of the Certificateholders and that has been delivered to the Trustee); satisfied, cancelled or subordinated such Mortgage in whole or in part; released the related Mortgaged Property in whole or in part from the lien of such Mortgage; or executed any instrument of release, cancellation, modification or satisfaction with respect thereto.
(11) A lender’s policy of title insurance together with a condominium endorsement and extended coverage endorsement, if applicable, in an amount at least equal to the Cut-off Date Principal Balance of each Mortgage Loan or a commitment (binder) to issue the same was effective on the date of the origination of each Mortgage Loan, each such policy is valid and remains in full force and effect.
(12) Each Mortgage Loan was originated (within the meaning of Section 3(a)(41) of the Exchange Act) by an entity that satisfied at the time of origination the requirements of Section 3(a)(41) of the Exchange Act.
(13) To the best of the Seller’s knowledge, all of the improvements that were included for the purpose of determining the Appraised Value of the Mortgaged Property lie wholly within the boundaries and building restriction lines of such property, and no improvements on adjoining properties encroach upon the Mortgaged Property, unless such failure to be wholly within such boundaries and restriction lines or such encroachment, as the case may be, does not have a material effect on the value of the Mortgaged Property.
(14) To the best of the Seller’s knowledge, as of the date of origination of each Mortgage Loan, no improvement located on or being part of the Mortgaged Property is in violation of any applicable zoning law or regulation unless such violation would not have a material adverse effect on the value of the related Mortgaged Property. To the best of the Seller’s
knowledge, all inspections, licenses and certificates required to be made or issued with respect to all occupied portions of the Mortgaged Property and, with respect to the use and occupancy of the same, including certificates of occupancy and fire underwriting certificates, have been made or obtained from the appropriate authorities, unless the lack thereof would not have a material adverse effect on the value of the Mortgaged Property.
(15) The Mortgage Note and the related Mortgage are genuine, and each is the legal, valid and binding obligation of the maker thereof, enforceable in accordance with its terms and under applicable law.
(16) The proceeds of the Mortgage Loan have been fully disbursed and there is no requirement for future advances thereunder.
(17) The related Mortgage contains customary and enforceable provisions that render the rights and remedies of the holder thereof adequate for the realization against the Mortgaged Property of the benefits of the security, including, (i) in the case of a Mortgage designated as a deed of trust, by trustee’s sale, and (ii) otherwise by judicial foreclosure.
(18) With respect to each Mortgage constituting a deed of trust, a trustee, duly qualified under applicable law to serve as such, has been properly designated and currently so serves and is named in such Mortgage, and no fees or expenses are or will become payable by the Certificateholders to the trustee under the deed of trust, except in connection with a trustee’s sale after default by the Mortgagor.
(19) As of the Cut-off Date, the improvements upon each Mortgaged Property are covered by a valid and existing hazard insurance policy with a generally acceptable carrier that provides for fire and extended coverage and coverage for such other hazards as are customarily required by institutional single family mortgage lenders in the area where the Mortgaged Property is located, and the Seller has received no notice that any premiums due and payable thereon have not been paid; the Mortgage obligates the Mortgagor thereunder to maintain all such insurance including flood insurance at the Mortgagor’s cost and expense. Anything to the contrary in this item (19) notwithstanding, no breach of this item (19) shall be deemed to give rise to any obligation of the Seller to repurchase or substitute for such affected Mortgage Loan or Loans so long as the Servicer maintains a blanket policy pursuant to the second paragraph of Section 3.10(a) of the Pooling and Servicing Agreement.
(20) If at the time of origination of each Mortgage Loan, the related Mortgaged Property was in an area then identified in the Federal Register by the Federal Emergency Management Agency as having special flood hazards, a flood insurance policy in a form meeting the then-current requirements of the Flood Insurance Administration is in effect with respect to the Mortgaged Property with a generally acceptable carrier.
(21) To the best of the Seller’s knowledge, there is no proceeding pending or threatened for the total or partial condemnation of any Mortgaged Property, nor is such a proceeding currently occurring.
(22) To the best of the Seller’s knowledge, there is no material event that, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a material non-monetary default, breach, violation or event of acceleration under the Mortgage or the related Mortgage Note; and the Seller has not waived any material non-monetary default, breach, violation or event of acceleration.
(23) Each Mortgage File contains an Appraisal Form 1004 of the related Mortgaged Property.
(24) Any leasehold estate securing a Mortgage Loan has a stated term at least as long as the term of the related Mortgage Loan.
(25) Each Mortgage Loan was selected from among the outstanding one- to four-family mortgage loans in the Seller’s mortgage portfolio at the Closing Date as to which the representations and warranties made with respect to the Mortgage Loans in this Schedule III can be made. No such selection was made in a manner intended to adversely affect the interests of the Certificateholders.
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[Reserved.] |
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[Reserved.] |
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(29) No Mortgage Loan is a High Cost Loan or Covered Loan, as applicable (as such terms are defined in the then-current version of Standard & Poor's LEVELS® Glossary, which is now Version 5.6(b) Revised, Appendix E) and no Mortgage Loan originated on or after Oct. 1, 2002 through March 6, 2003 is governed by the Georgia Fair Lending Act.
(30) No Mortgage Loan is a “High-Cost Home Loan” as defined in any of the following statutes: the Georgia Fair Lending Act, as amended (the “Georgia Act”), the New York Banking Law 6-1, the Arkansas Home Loan Protection Act effective July 16, 2003 (Act 1340 of 2003), the Kentucky high-cost home loan statute effective June 24, 2003 (Ky. Rev. Stat. Section 360.100), the New Jersey Home Ownership Act effective November 27, 2003 (N.J.S.A. 46:10B-22 et seq.), or the New Mexico Home Loan Protection Act effective January 1, 2004 (N.M. Stat. Xxx §§ 58-21A-1 et seq.). No Mortgage Loan secured by owner occupied real property or an owner occupied manufactured home located in the state of Georgia was originated (or modified) on or after October 1, 2002 through and including March 6, 2003. No Mortgage Loan is a “High-Risk Home Loan” as defined in the Illinois High-Risk Home Loan Act effective January 1, 2004 (815 Ill. Comp. Stat. 137/1 et seq.).
(31) None of the Mortgage Loans is a “high cost” loan, “covered” loan or any other similarly designated loan as defined under any state, local or federal law, as defined by applicable predatory and abusive lending laws.
(32) None of the Mortgage Loans that are secured by property located in the State of Illinois are in violation of the provisions of the Illinois Interest Act.
(33) Each Mortgage Loan has been underwritten and serviced substantially in accordance with the Seller’s guidelines, subject to such variances as the Seller has approved.
(34) No proceeds from any Mortgage Loan underlying the Certificates were used to finance single-premium credit insurance policies.
(35) No Mortgage Loan is subject to the requirements of the Home Ownership and Equity Protection Act of 1994 and no mortgage loan is in violation of any comparable state law.
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(36) |
[Reserved] |
(37) The Servicer has fully furnished, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (i.e., favorable and unfavorable) on the credit files for the related Mortgagor for each Mortgage Loan to Equifax, Experian and Trans Union Credit Information Company on a monthly basis.
(38) With respect to each Mortgage Loan, no sub-prime Mortgage Loan originated on or after October 1, 2002 will impose a prepayment premium for a term in excess of three years. Any such sub-prime Mortgage Loans originated prior to such date, and any non-sub-prime Mortgage Loans, will not impose prepayment penalties in excess of five years.
(39) With respect to each Mortgage Loan originated on or after August 1, 2004 and underlying the Certificates, neither the related Mortgage nor the related Mortgage Note requires the Mortgagors to submit to arbitration to resolve any dispute arising out of or relating in any way to the related mortgage loan transaction.
EXHIBIT A
FORM OF CLASS A AND SUBORDINATED CERTIFICATES
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).
PRIOR TO THE TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST, ANY PERSON ACQUIRING THIS CERTIFICATE DIRECTLY OR INDIRECTLY BY, ON BEHALF OF, OR WITH PLAN ASSETS OF AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT THAT IS SUBJECT TO TITLE I OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED, OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, SHALL BE DEEMED TO MAKE THE REPRESENTATIONS IN SECTION 5.02(c) OF THE POOLING AND SERVICING AGREEMENT.
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January 1, 2006 |
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First Distribution Date |
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February 25, 2006 |
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Initial Certificate Balance of this Certificate (“Denomination”) |
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$[__] |
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Initial Certificate Balances of all Certificates of this Class |
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$[__] |
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CUSIP |
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9_______] |
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INDYMAC ABS, INC.
Home Equity Mortgage Loan Asset-Backed Trust
Home Equity Mortgage Loan Asset-Backed Certificates, Series INABS 2006-A
Class [__]
evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class.
Principal in respect of this Certificate is distributable monthly as stated herein. Accordingly, the Certificate Balance at any time may be less than the Certificate Balance as set forth herein. This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Seller, the Servicer or the Trustee referred to below or any of their respective affiliates. Neither this Certificate nor the Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality.
This certifies that [___________] is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the Denomination of this Certificate by the aggregate of the Denominations of all Certificates of the Class to which this Certificate belongs) in certain monthly distributions pursuant to a Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the “Agreement”) among IndyMac ABS, Inc., as depositor (the “Depositor”), IndyMac Bank, F.S.B., as seller (in such capacity, the “Seller”) and as servicer (in such capacity, the “Servicer”), and Deutsche Bank National Trust Company, as trustee (the “Trustee”) and Supplemental Interest Trust Administrator. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.
This Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually countersigned by an authorized signatory of the Trustee.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: ________, 2006
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EXHIBIT B
FORM OF CLASS P CERTIFICATE
NEITHER THIS CERTIFICATE NOR ANY INTEREST HEREIN MAY BE TRANSFERRED UNLESS THE PROPOSED TRANSFEREE DELIVERS TO THE TRUSTEE A TRANSFER AFFIDAVIT IN ACCORDANCE WITH THE PROVISIONS OF THE AGREEMENT REFERRED TO HEREIN.
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).
SUBJECT TO THE PROVISIONS OF SECTION 5.02(b) OF THE AGREEMENT, NEITHER THIS CERTIFICATE NOR ANY INTEREST HEREIN MAY BE TRANSFERRED UNLESS THE TRANSFEREE DELIVERS TO THE TRUSTEE EITHER A REPRESENTATION LETTER TO THE EFFECT THAT SUCH TRANSFEREE IS NOT AN EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR A PLAN SUBJECT TO SECTION 4975 OF THE CODE, AND IS NOT INVESTING ON BEHALF OF OR WITH ASSETS OF SUCH A PLAN, OR, IF THE CERTIFICATE HAS BEEN THE SUBJECT OF AN ERISA-QUALIFYING UNDERWRITING, A REPRESENTATION IN ACCORDANCE WITH THE PROVISIONS OF THE AGREEMENT REFERRED TO HEREIN, OR AN OPINION OF COUNSEL IN ACCORDANCE WITH THE PROVISIONS OF THE AGREEMENT REFERRED TO HEREIN. NOTWITHSTANDING ANYTHING ELSE TO THE CONTRARY HEREIN, ANY PURPORTED TRANSFER OF THIS CERTIFICATE TO OR ON BEHALF OF AN EMPLOYEE BENEFIT PLAN SUBJECT TO ERISA OR TO THE CODE WITHOUT THE REPRESENTATION LETTER OR THE OPINION OF COUNSEL SATISFACTORY TO THE TRUSTEE AS DESCRIBED ABOVE SHALL BE VOID AND OF NO EFFECT.
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Cut-off Date |
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January 1, 2006 |
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First Distribution Date |
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February 25, 2006 |
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Percentage Interest of this Certificate (“Denomination”) |
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[__]% |
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CUSIP |
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[_______] |
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INDYMAC ABS, INC.
Home Equity Mortgage Loan Asset-Backed Trust,
Home Equity Mortgage Loan Asset-Backed Certificates, Series INABS 2006-A
Class P
evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class payable solely from Prepayment Charges.
Distributions in respect of this Certificate are distributable monthly as set forth herein. This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Seller, the Servicer or the Trustee referred to below or any of their respective affiliates. Neither this Certificate nor the Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality.
This certifies that [_________] is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the Denomination of this Certificate by the aggregate of the Denominations of all Certificates of the Class to which this Certificate belongs) in certain monthly distributions pursuant to a Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the “Agreement”) among IndyMac ABS, Inc., as depositor (the “Depositor”), IndyMac Bank, F.S.B., as seller (in such capacity, the “Seller”) and as servicer (in such capacity, the “Servicer”), and Deutsche Bank National Trust Company, as trustee (the “Trustee”) and Supplemental Interest Trust Administrator. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. This Certificate represents an interest in the Trust, but does not represent an interest in any REMIC.
This Certificate does not have a Certificate Balance or Pass-Through Rate and will be entitled to distributions only to the extent set forth in the Agreement and solely payable from Prepayment Charges. In addition, any distribution of the proceeds of any remaining assets of the Trust will be made only upon presentment and surrender of this Certificate at the office or agency maintained by the Trustee.
No transfer of a Certificate of this Class shall be made unless such disposition is exempt from the registration requirements of the Securities Act of 1933, as amended (the “1933 Act”), and any applicable state securities laws or is made in accordance with the 1933 Act and such laws. In the event of any such transfer, subject to the provisions in Section 5.02(b) of the Agreement, the Trustee shall require the transferor to execute a transferor certificate (in substantially the form attached to the Pooling and Servicing Agreement) and deliver either (i) an Investment Letter or the Rule 144A Letter, in either case substantially in the form attached to the Agreement, or (ii) a written Opinion of Counsel to the Trustee that such transfer may be made pursuant to an exemption, describing the applicable exemption and the basis therefor, from the 1933 Act or is being made pursuant to the 1933 Act, which Opinion of Counsel shall be an expense of the transferor.
Subject to the provisions in Section 5.02(b) of the Agreement, no transfer of a Certificate of this Class shall be made unless the Trustee shall have received either (i) a representation letter from the transferee of such Certificate, acceptable to and in form and substance satisfactory to the Trustee, to the effect that (x) such transferee is not an employee benefit plan subject to Section 406 of ERISA or Section 4975 of the Code, nor a person acting on behalf of any such plan, which representation letter shall not be an expense of the Trustee or (y) if the Certificate has been the subject of an ERISA-Qualifying Underwriting, a representation that the transferee is an insurance company which is acquiring such Certificate with funds contained in an “insurance company general account” (as such term is defined in
Section V(e) of Prohibited Transaction Class Exemption 95-60 (“PTCE 95-60”)) and that the purchase and holding of such Certificate satisfy the requirements for exemptive relief under PTCE 95-60, or (ii) in the case of a Certificate presented for registration in the name of an employee benefit plan subject to ERISA, or a plan or arrangement subject to Section 4975 of the Code (or comparable provisions of any subsequent enactments), or a trustee of any such plan or any other person acting on behalf of any such plan or arrangement or using such plan’s or arrangement’s assets, an Opinion of Counsel satisfactory to the Trustee, the NIM Insurer and the Servicer, which Opinion of Counsel shall not be an expense of the Trustee, the NIM Insurer, the Servicer or the Trust Fund, addressed to the Trustee, to the effect that the purchase or holding of such Certificate will not result in a nonexempt prohibited transaction under ERISA or Section 4975 of the Code and will not subject the Trustee or the Servicer to any obligation in addition to those expressly undertaken in this Agreement or to any liability.
Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.
This Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually countersigned by an authorized signatory of the Trustee.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: ________, 2006
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DEUTSCHE BANK NATIONAL TRUST COMPANY, | ||||||
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EXHIBIT C
FORM OF RESIDUAL CERTIFICATE
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “RESIDUAL INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).
NEITHER THIS CERTIFICATE NOR ANY INTEREST HEREIN MAY BE TRANSFERRED UNLESS THE PROPOSED TRANSFEREE DELIVERS TO THE TRUSTEE A TRANSFER AFFIDAVIT IN ACCORDANCE WITH THE PROVISIONS OF THE AGREEMENT REFERRED TO HEREIN.
SUBJECT TO THE PROVISIONS OF SECTION 5.02(b) OF THE AGREEMENT, NEITHER THIS CERTIFICATE NOR ANY INTEREST HEREIN MAY BE TRANSFERRED UNLESS THE TRANSFEREE DELIVERS TO THE TRUSTEE EITHER A REPRESENTATION LETTER TO THE EFFECT THAT SUCH TRANSFEREE IS NOT AN EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR A PLAN SUBJECT TO SECTION 4975 OF THE CODE OR AN OPINION OF COUNSEL IN ACCORDANCE WITH THE PROVISIONS OF THE AGREEMENT REFERRED TO HEREIN. IN THE EVENT THAT SUCH REPRESENTATION IS VIOLATED, OR ANY ATTEMPT TO TRANSFER TO A PLAN OR ARRANGEMENT SUBJECT TO SECTION 406 OF ERISA OR A PLAN SUBJECT TO SECTION 4975 OF THE CODE, OR A PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR ARRANGEMENT OR USING THE ASSETS OF ANY SUCH PLAN OR ARRANGEMENT, WITHOUT SUCH OPINION OF COUNSEL, SUCH ATTEMPTED TRANSFER OR ACQUISITION SHALL BE VOID AND OF NO EFFECT.
Certificate No. |
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Cut-off Date |
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January 1, 2006 |
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Initial Certificate Balance of this Certificate (“Denomination”) |
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$[__] |
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Initial Certificate Balances of all Certificates of this Class |
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$[__] |
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CUSIP |
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INDYMAC ABS, INC.
Home Equity Mortgage Loan Asset-Backed Trust,
Home Equity Mortgage Loan Asset-Backed Certificates, Series INABS 2006-A
Class [R] [R-X]
evidencing the distributions allocable to the Class [R] [R-X] Certificates with respect to a Trust Fund consisting primarily of a pool of fixed-rate and adjustable-rate conventional loans (the “Mortgage Loans”) secured by first liens on one- to four-family residential properties IndyMac ABS, Inc., as Depositor
Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Balance at any time may be less than the Certificate Balance as set forth herein. This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Seller, the Servicer or the Trustee referred to below or any of their respective affiliates. Neither this Certificate nor the Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality.
This certifies that [___] is the registered owner of the Percentage Interest (obtained by dividing the Denomination of this Certificate by the aggregate of the Denominations of all Certificates of the Class to which this Certificate belongs) in certain monthly distributions pursuant to a Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the “Agreement”) among IndyMac ABS, Inc., as depositor (the “Depositor”), IndyMac Bank, F.S.B., as seller (in such capacity, the “Seller”) and as servicer (in such capacity, the “Servicer”), and Deutsche Bank National Trust Company, as trustee (the “Trustee”) and Supplemental Interest Trust Administrator. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
Any distribution of the proceeds of any remaining assets of the Trust Fund will be made only upon presentment and surrender of this Class [R] [R-X] Certificate at the office or agency maintained by the Trustee.
Subject to the provisions in Section 5.02(b) of the Agreement, no transfer of a Class [R] [R-X] Certificate shall be made unless the Trustee shall have received either (i) a representation letter from the transferee of such Certificate, acceptable to and in form and substance satisfactory to the Trustee, to the effect that such transferee is not an employee benefit plan or arrangement subject to Section 406 of ERISA, or a plan or arrangement subject to Section 4975 of the Code or a person acting on behalf of any such plan or arrangement or using the assets of any such plan or arrangement to effect such transfer, which representation letter shall not be an expense of the Trustee, the Servicer or the Trust Fund or (ii) an Opinion of Counsel satisfactory to the Trustee, the NIM Insurer and the Servicer to the effect that the purchase or holding of such Class [R] [R-X] Certificate will not result in a non-exempt prohibited transaction under ERISA or Section 4975 of the Code and will not subject the Trustee, the NIM Insurer or the Servicer to any obligation in addition to those expressly undertaken in the Agreement or to any liability, which Opinion of Counsel shall not be an expense of the Trustee, the NIM Insurer, the Servicer or the Trust Fund. In the event that such representation is violated, or any attempt to transfer to a plan or arrangement subject to Section 406 of ERISA or a plan subject to Section 4975 of the Code, or a person acting on behalf of any such plan or arrangement or using the assets of any such plan or arrangement, without such Opinion of Counsel, such attempted transfer or acquisition shall be void and of no effect.
Each Holder of this Class [R] [R-X] Certificate shall be deemed by the acceptance or acquisition an Ownership Interest in this Class [R] [R-X] Certificate to have agreed to be bound by the following provisions, and the rights of each Person acquiring any Ownership Interest in this Class [R] [R-X] Certificate are expressly subject to the following provisions: (i) each Person holding or acquiring any Ownership Interest in this Class [R] [R-X] Certificate shall be a Permitted Transferee and shall promptly notify the Trustee of any change or impending change in its status as a Permitted Transferee, (ii) no Ownership Interest in this Class [R] [R-X] Certificate may be registered on the Closing Date or thereafter transferred, and the Trustee shall not register the Transfer of this Certificate unless, in addition to the certificates required to be delivered to the Trustee under Section 5.02(b) of the Agreement, the Trustee shall have been furnished with a Transfer Affidavit of the initial owner or the proposed transferee in the form attached as Exhibit I to the Agreement (subject to the limitations with respect thereto as set forth in Section 5.02(b) of the Agreement), (iii) each Person holding or acquiring any Ownership Interest in this Class [R] [R-X] Certificate shall agree (A) to obtain a Transfer Affidavit from any other Person to whom such Person attempts to Transfer its Ownership Interest this Class [R] [R-X] Certificate (subject to the limitations with respect thereto as set forth in Section 5.02(b) of the Agreement), (B) to obtain a Transfer Affidavit from any Person for whom such Person is acting as nominee, trustee or agent in connection with any Transfer of this Class [R] [R-X] Certificate (subject to the limitations with respect thereto as set forth in Section 5.02(b) of the Agreement) and (C) not to Transfer the Ownership Interest in this Class [R] [R-X] Certificate or to cause the Transfer of the Ownership Interest in this Class [R] [R-X] Certificate to any other Person if it has actual knowledge that such Person is not a Permitted Transferee and (iv) any attempted or purported Transfer of the Ownership Interest in this Class [R] [R-X] Certificate in violation of the provisions herein shall be absolutely null and void and shall vest no rights in the purported Transferee.
Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.
This Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually countersigned by an authorized signatory of the Trustee.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: ________, 2006
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EXHIBIT D
FORM OF CLASS C CERTIFICATE
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).
NEITHER THIS CERTIFICATE NOR ANY INTEREST HEREIN MAY BE TRANSFERRED UNLESS THE PROPOSED TRANSFEREE DELIVERS TO THE TRUSTEE A TRANSFER AFFIDAVIT IN ACCORDANCE WITH THE PROVISIONS OF THE AGREEMENT REFERRED TO HEREIN.
SUBJECT TO THE PROVISIONS IN SECTION 5.02(b) OF THE AGREEMENT, NEITHER THIS CERTIFICATE NOR ANY INTEREST HEREIN MAY BE TRANSFERRED UNLESS THE TRANSFEREE DELIVERS TO THE TRUSTEE EITHER A REPRESENTATION LETTER TO THE EFFECT THAT SUCH TRANSFEREE IS NOT AN EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR A PLAN SUBJECT TO SECTION 4975 OF THE CODE OR AN OPINION OF COUNSEL IN ACCORDANCE WITH THE PROVISIONS OF THE AGREEMENT REFERRED TO HEREIN. IN THE EVENT THAT SUCH REPRESENTATION IS VIOLATED, OR ANY ATTEMPT TO TRANSFER TO A PLAN OR ARRANGEMENT SUBJECT TO SECTION 406 OF ERISA OR A PLAN SUBJECT TO SECTION 4975 OF THE CODE, OR A PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR ARRANGEMENT OR USING THE ASSETS OF ANY SUCH PLAN OR ARRANGEMENT, WITHOUT SUCH OPINION OF COUNSEL, SUCH ATTEMPTED TRANSFER OR ACQUISITION SHALL BE VOID AND OF NO EFFECT.
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INDYMAC ABS, INC.
Home Equity Mortgage Loan Asset-Backed Trust,
Home Equity Mortgage Loan Asset-Backed Certificates, Series INABS 2006-A
Class C
evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class.
Distributions in respect of this Certificate are distributable monthly as set forth herein. This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Seller, the Servicer or the Trustee referred to below or any of their respective affiliates. Neither this Certificate nor the Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality.
This certifies that [______] is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the Denomination of this Certificate by the aggregate of the Denominations of all Certificates of the Class to which this Certificate belongs) in certain monthly distributions pursuant to a Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the “Agreement”) among IndyMac ABS, Inc., as depositor (the “Depositor”), IndyMac Bank, F.S.B., as seller (in such capacity, the “Seller”) and as servicer (in such capacity, the “Servicer”), and Deutsche Bank National Trust Company, as trustee (the “Trustee”) and Supplemental Interest Trust Administrator. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
This Certificate does not have a Certificate Balance or Pass-Through Rate and will be entitled to distributions only to the extent set forth in the Agreement. In addition, any distribution of the proceeds of any remaining assets of the Trust will be made only upon presentment and surrender of this Certificate at the office or agency maintained by the Trustee.
No transfer of a Certificate of this Class shall be made unless such disposition is exempt from the registration requirements of the Securities Act of 1933, as amended (the “1933 Act”), and any applicable state securities laws or is made in accordance with the 1933 Act and such laws. In the event of any such transfer, subject to the provisions in Section 5.02(b) of the Agreement, the Trustee shall require the transferor to execute a transferor certificate (in substantially the form attached to the Pooling and Servicing Agreement) and deliver either (i) an Investment Letter or the Rule 144A Letter, in either case substantially in the form attached to the Agreement, or (ii) a written Opinion of Counsel to the Trustee that such transfer may be made pursuant to an exemption, describing the applicable exemption and the basis therefor, from the 1933 Act or is being made pursuant to the 1933 Act, which Opinion of Counsel shall be an expense of the transferor.
Subject to the provisions in Section 5.02(b) of the Agreement, no transfer of a Certificate of this Class shall be made unless the Trustee shall have received either (i) a representation letter from the transferee of such Certificate, acceptable to and in form and substance satisfactory to the Trustee, to the effect that such transferee is not an employee benefit plan or other benefit plan or arrangement subject to Section 406 of ERISA or Section 4975 of the Code, or a person acting on behalf of any such plan or investing plan assets of any such plan, which representation letter shall not be an expense of the Trustee, or (ii) in the case of a Certificate presented for registration in the name of an employee benefit plan subject to ERISA, or a plan or arrangement subject to Section 4975 of the Code (or comparable
provisions of any subsequent enactments), or a trustee of any such plan or any other person acting on behalf of any such plan or arrangement or using such plan’s or arrangement’s assets, an Opinion of Counsel satisfactory to the Trustee, the NIM Insurer and the Servicer, which Opinion of Counsel shall not be an expense of the Trustee, the NIM Insurer, the Servicer or the Trust Fund, addressed to the Trustee, to the effect that the purchase or holding of such Certificate will not result in a nonexempt prohibited transaction under ERISA or Section 4975 of the Code and will not subject the Trustee, the NIM Insurer or the Servicer to any obligation in addition to those expressly undertaken in this Agreement or to any liability.
Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.
This Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually countersigned by an authorized signatory of the Trustee.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: ________, 2006
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EXHIBIT E
[Reserved].
EXHIBIT F
FORM OF REVERSE OF CERTIFICATES
INDYMAC ABS, INC.
Home Equity Mortgage Loan Asset-Backed Trust,
Home Equity Mortgage Loan Asset-Backed Certificates
This Certificate is one of a duly authorized issue of Certificates designated as IndyMac ABS, Inc., Home Equity Mortgage Loan Asset-Backed Certificates, of the Series specified on the face hereof (herein collectively called the “Certificates”), and representing a beneficial ownership interest in the Trust Fund created by the Agreement.
The Certificateholder, by its acceptance of this Certificate, agrees that it will look solely to the funds on deposit in the Distribution Account for payment hereunder and that the Trustee is not liable to the Certificateholders for any amount payable under this Certificate or the Agreement or, except as expressly provided in the Agreement, subject to any liability under the Agreement.
This Certificate does not purport to summarize the Agreement and reference is made to the Agreement for the interests, rights and limitations of rights, benefits, obligations and duties evidenced thereby, and the rights, duties and immunities of the Trustee.
Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the “Distribution Date”), commencing on the first Distribution Date specified on the face hereof, to the Person in whose name this Certificate is registered at the close of business on the applicable Record Date in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to Holders of Certificates of the Class to which this Certificate belongs on such Distribution Date pursuant to the Agreement. The Record Date applicable to each Distribution Date is the last Business Day of the month next preceding the month of such Distribution Date.
Distributions on this Certificate shall be made by wire transfer of immediately available funds to the account of the Holder hereof at a bank or other entity having appropriate facilities therefor, if such Certificateholder shall have so notified the Trustee in writing at least five (5) Business Days prior to the related Record Date and such Certificateholder shall satisfy the conditions to receive such form of payment set forth in the Agreement, or, if not, by check mailed by first class mail to the address of such Certificateholder appearing in the Certificate Register. The final distribution on each Certificate will be made in like manner, but only upon presentment and surrender of such Certificate at the location specified in the notice to Certificateholders of such final distribution.
The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Servicer and the Trustee with the consent of the NIM Insurer and the Holders of Certificates affected by such amendment evidencing the requisite Percentage Interest, as provided in the Agreement. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange therefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register of the Trustee upon surrender of this Certificate for registration of transfer at the office or agency maintained by the Trustee, accompanied by a written instrument of transfer in form satisfactory to the Trustee and the Certificate Registrar duly executed by the holder hereof or such holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations and evidencing the same aggregate Percentage Interest in the Trust Fund will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered Certificates without coupons in denominations specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, Certificates are exchangeable for new Certificates of the same Class in authorized denominations and evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same.
No service charge will be made for any such registration of transfer or exchange, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith.
The Depositor, the Servicer, the Seller and the Trustee and any agent of the Depositor or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Trustee or any such agent shall be affected by any notice to the contrary.
On any Distribution Date following the date on which the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Remittance Period is less than 10% of the sum of the Cut-off Date Principal Balance of the Mortgage Loans, the Servicer will have the option to purchase, in whole, from the Trust Fund all remaining Mortgage Loans and all property acquired in respect of the Mortgage Loans at a purchase price determined as provided in the Agreement. The obligations and responsibilities created by the Agreement will terminate as provided in Section 9.01 of the Agreement.
Any term used herein that is defined in the Agreement shall have the meaning assigned in the Agreement, and nothing herein shall be deemed inconsistent with that meaning.
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
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(Please print or typewrite name and address including postal zip code of assignee)
the Percentage Interest evidenced by the within Certificate and hereby authorizes the transfer of registration of such Percentage Interest to assignee on the Certificate Register of the Trust Fund.
I (We) further direct the Trustee to issue a new Certificate of a like denomination and Class, to the above named assignee and deliver such Certificate to the following address:
_____________________.
Dated:
Signature by or on behalf of assignor
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for purposes of distribution:
Distributions shall be made, by wire transfer or otherwise, in immediately available funds
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On the ___ th day of __________, 200_ before me, a notary public in and for said State, personally appeared _______________________, known to me who, being by me duly sworn, did depose and say that he executed the foregoing instrument.
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[Notarial Seal]
EXHIBIT G-1
FORM OF INITIAL CERTIFICATION OF TRUSTEE
[date]
[Depositor]
[Servicer]
[Seller]
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Re: |
Pooling and Servicing Agreement among IndyMac ABS, Inc., as Depositor, IndyMac Bank, F.S.B., as Seller and Servicer, and Deutsche Bank National Trust Company, as Trustee and Supplemental Interest Trust Administrator, Home Equity Mortgage Loan Asset-Backed Trust, Series INABS 2006-A, Home Equity Mortgage Loan Asset-Backed Certificates, Series INABS 2006-A |
Gentlemen:
In accordance with Section 2.02 of the above-captioned Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”), the undersigned, as Trustee, hereby certifies that, as to each Mortgage Loan listed in the Mortgage Loan Schedule (other than any Mortgage Loan listed in the attached schedule), it has received:
(i) the original Mortgage Note, endorsed as provided in the following form: “Pay to the order of ________, without recourse” and
(ii) a duly executed assignment of the Mortgage (which may be included in a blanket assignment or assignments); provided, however, that it has received no assignment with respect to any Mortgage for which the related Mortgaged Property is located in the Commonwealth of Puerto Rico.
Based on its review and examination and only as to the foregoing documents, such documents appear regular on their face and related to such Mortgage Loan.
The Trustee has made no independent examination of any documents contained in each Mortgage File beyond the review specifically required in the Pooling and Servicing Agreement. The Trustee makes no representations as to: (i) the validity, legality, sufficiency, enforceability or genuineness of any of the documents contained in each Mortgage File of any of the Mortgage Loans identified on the Mortgage Loan Schedule, or (ii) the collectability, insurability, effectiveness or suitability of any such Mortgage Loan.
Capitalized words and phrases used herein have the respective meanings assigned to them in the Pooling and Servicing Agreement.
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EXHIBIT G-2
FORM OF DELAYED DELIVERY CERTIFICATION
[date]
[Depositor]
[Servicer]
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Pooling and Servicing Agreement among IndyMac ABS, Inc., as Depositor, IndyMac Bank, F.S.B., as Seller and Servicer, and Deutsche Bank National Trust Company, as Trustee and Supplemental Interest Trust Administrator, Home Equity Mortgage Loan Asset-Backed Trust, Series INABS 2006-A, Home Equity Mortgage Loan Asset-Backed Certificates, Series INABS 2006-A |
Gentlemen:
[Reference is made to the Initial Certification of Trustee relating to the above-referenced series, with the schedule of exceptions attached thereto, delivered by the undersigned, as Trustee, on the Closing Date in accordance with Section 2.02 of the above-captioned Pooling and Servicing Agreement.] The undersigned hereby certifies that as to each Delayed Delivery Mortgage Loan listed on the Schedule A attached hereto (other than any Mortgage Loan paid in full or listed on Schedule B attached hereto) it has received:
(i) (A) the original Mortgage Note, endorsed by manual or facsimile signature in blank in the following form: “Pay to the order of ______________________________ without recourse,” with all intervening endorsements showing a complete chain of endorsement from the originator to the Person endorsing the Mortgage Note (each such endorsement being sufficient to transfer all interest of the party so endorsing, as noteholder or assignee thereof, in that Mortgage Note) and (B) with respect to any Lost Mortgage Note, a lost note affidavit from the Seller stating that the original Mortgage Note was lost or destroyed, together with a copy of such Mortgage Note;
(ii) a duly executed assignment of the Mortgage (which may be included in a blanket assignment or assignments), together with, except as provided below, all interim recorded assignments of such mortgage (each such assignment, when duly and validly completed, to be in recordable form and sufficient to effect the assignment of and transfer to the assignee thereof, under the Mortgage to which the assignment relates); provided, however, that such assignment of Mortgage need not be delivered in the case of a Mortgage for which the related Mortgaged Property is located in the Commonwealth of Puerto Rico.
Based on its review and examination and only as to the foregoing documents, such documents appear regular on their face and related to the Mortgage Loan.
The Trustee has made no independent examination of any documents contained in each Mortgage File beyond the review specifically required in the above-referenced Pooling and Servicing Agreement. The Trustee makes no representations as to: (i) the validity, legality, sufficiency, enforceability or
genuineness of any of the documents contained in each Mortgage File of any of the Mortgages identified on the [Mortgage Loan Schedule][Loan Number and Borrower Identification Mortgage Loan Schedule] or (ii) the collectability, insurability, effectiveness or suitability of any such Mortgage Loan.
Capitalized words and phrases used herein have the respective meanings assigned to them in the above-captioned Pooling and Servicing Agreement.
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EXHIBIT H
FORM OF FINAL CERTIFICATION OF TRUSTEE
[date]
[Depositor]
[Servicer]
[Seller]
_____________________
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Re: |
Pooling and Servicing Agreement among IndyMac ABS, Inc., as Depositor, IndyMac Bank, F.S.B., as Seller and Servicer, and Deutsche Bank National Trust Company, as Trustee and Supplemental Interest Trust Administrator, Home Equity Mortgage Loan Asset-Backed Trust, Series INABS 2006-A, Home Equity Mortgage Loan Asset-Backed Certificates, Series INABS 2006-A |
Gentlemen:
In accordance with Section 2.02 of the above-captioned Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”), the undersigned, as Trustee, hereby certifies that as to each Mortgage Loan listed in the Mortgage Loan Schedule (other than any Mortgage Loan paid in full or listed on the attached Document Exception Report) it has received:
(i) The original Mortgage Note, endorsed in the form provided in Section 2.01(c)(i) of the Pooling and Servicing Agreement, with all intervening endorsements showing a complete chain of endorsement from the originator to the Seller.
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(iii) A duly executed assignment of the Mortgage in the form provided in Section 2.01(c)(iii) of the Pooling and Servicing Agreement; provided, however, that it has received no assignment with respect to any Mortgage for which the related Mortgaged Property is located in the Commonwealth of Puerto Rico, or, if the Depositor has certified or the Trustee otherwise knows that the related Mortgage has not been returned from the applicable recording office, a copy of the assignment of the Mortgage (excluding information to be provided by the recording office).
(iv) The original or duplicate original recorded assignment or assignments of the Mortgage showing a complete chain of assignment from the originator to the Seller.
(v) The original or duplicate original lender’s title policy and all riders thereto or, any one of an original title binder, an original preliminary title report or an original title commitment, or a copy thereof certified by the title company.
Based on its review and examination and only as to the foregoing documents, (a) such documents appear regular on their face and related to such Mortgage Loan and (b) the information set forth in items (i), (ii), (iii), (iv), (vi) and (xi)(a) of the definition of the “Mortgage Loan Schedule” in Section 1.01 of the Pooling and Servicing Agreement accurately reflects information set forth in the Mortgage File.
The Trustee has made no independent examination of any documents contained in each Mortgage File beyond the review specifically required in the Pooling and Servicing Agreement. The Trustee makes no representations as to: (i) the validity, legality, sufficiency, enforceability or genuineness of any of the documents contained in each Mortgage File of any of the Mortgage Loans identified on the Mortgage Loan Schedule; or (ii) the collectability, insurability, effectiveness or suitability of any such Mortgage Loan. Notwithstanding anything herein to the contrary, the Trustee has made no determination and makes no representations as to whether (i) any endorsement is sufficient to transfer all interest of the party so endorsing, as Noteholder or assignee thereof, in that Mortgage Note or (ii) any assignment is in recordable form or sufficient to effect the assignment of and transfer to the assignee thereof, under the Mortgage to which the assignment relates.
Capitalized words and phrases used herein shall have the respective meanings assigned to them in the Pooling and Servicing Agreement.
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EXHIBIT I
FORM OF TRANSFER AFFIDAVIT
IndyMac ABS, Inc.,
Home Equity Mortgage Loan Asset-Backed Trust, Series INABS 2006-A
Home Equity Mortgage Loan Asset-Backed Certificates,
Series INABS 2006-A
STATE OF_____________ |
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COUNTY OF___________ |
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The undersigned, being first duly sworn, deposes and says as follows:
1. The undersigned is an officer of ____________________________, the proposed Transferee of an Ownership Interest in a Class R Certificate (the “Certificate”) issued pursuant to the Pooling and Servicing Agreement (the “Agreement”), relating to the above-referenced Series, by and among IndyMac ABS, Inc., as depositor (the “Depositor”), IndyMac Bank, F.S.B., as seller and servicer and Deutsche Bank National Trust Company, as trustee and supplemental interest trust administrator. Capitalized terms used, but not defined herein or in Annex 1, shall have the meanings ascribed to such terms in the Agreement. The Transferee has authorized the undersigned to make this affidavit on behalf of the Transferee.
2. The Transferee is, as of the date hereof, and will be, as of the date of the Transfer, a Permitted Transferee. The Transferee is acquiring its Ownership Interest in the Certificate for its own account.
3. The Transferee has been advised of, and understands that: (i) a tax will be imposed on Transfers of the Certificate to Persons that are not Permitted Transferees; (ii) such tax will be imposed on the transferor, or, if such Transfer is through an agent (which includes a broker, nominee or middleman) for a Person that is not a Permitted Transferee, on the agent; and (iii) the Person otherwise liable for the tax shall be relieved of liability for the tax if the Transferee furnishes to such Person an affidavit that such Transferee is a Permitted Transferee and, at the time of Transfer, such Person does not have actual knowledge that the affidavit is false.
4. The Transferee has been advised of, and understands that a tax will be imposed on a “pass-through entity” holding the Certificate if at any time during the taxable year of the pass-through entity a Person that is not a Permitted Transferee is the record holder of an interest in such entity. The Transferee understands that such tax will not be imposed for any period with respect to which the record holder furnishes to the pass-through entity an affidavit that such record holder is a Permitted Transferee and the pass-through entity does not have actual knowledge that such affidavit is false. (For this purpose, a “pass-through entity” includes a regulated investment company, a real estate investment trust or common trust fund, a partnership, trust or estate, and certain cooperatives and, except as may be provided in the Treasury Regulations, persons holding interests in pass-through entities as a nominee for another Person.)
5. The Transferee has reviewed Section 5.02(c) of the Agreement (attached hereto as Annex 2 and incorporated herein by reference) and understands the legal consequences of the acquisition of an Ownership Interest in the Certificate including, without limitation, the restrictions on subsequent Transfers and the provisions regarding voiding the Transfer and mandatory sales. The Transferee expressly agrees to be bound by and to abide by the provisions of Section 5.02(c) of the Agreement and the restrictions noted on the face of the Certificate. The Transferee understands and agrees that any breach of any of the representations included herein shall render the Transfer to the Transferee contemplated hereby null and void.
6. The Transferee agrees to require a Transfer Affidavit from any Person to whom the Transferee attempts to Transfer its Ownership Interest in the Certificate, and in connection with any Transfer by a Person for whom the Transferee is acting as nominee, trustee or agent, and the Transferee will not Transfer its Ownership Interest or cause any Ownership Interest to be Transferred to any Person that the Transferee knows is not a Permitted Transferee. In connection with any such Transfer by the Transferee, the Transferee agrees to deliver to the Trustee a certificate substantially in the form set forth as Exhibit J to the Agreement (a “Transferor Certificate”) to the effect that such Transferee has no actual knowledge that the Person to which the Transfer is to be made is not a Permitted Transferee.
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7. |
The Transferee’s taxpayer identification number is ________________. |
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8. |
The Transferee is a U.S. Person as defined in Code Section 7701(a)(30). |
9. The Transferee is aware that the Certificate may be a “noneconomic residual interest” within the meaning of Treasury regulations promulgated pursuant to the Code and that the transferor of a noneconomic residual interest will remain liable for any taxes due with respect to the income on such residual interest, unless no significant purpose of the transfer was to impede the assessment or collection of tax. The Transferee does not have the intention to impede the assessment or collection of any tax legally required to be paid with respect to the Certificate.
10. Transferee has historically paid the Transferee’s debts as they become due, and Transferee intends, and believes that the Transferee will be able, to continue to pay Transferee’s debts as such debts become due in the future. Transferee has a valid business purpose for purchasing the Residuals.
11. Transferee is not a foreign permanent establishment or fixed base (within the meaning of an applicable income tax treaty) (a “Foreign Base”) of a U.S. taxpayer. In addition, the Transferee will not (a) transfer the Class R Certificates, directly or indirectly, to a Foreign Base, and (b) cause income from the Class R Certificates to be attributable to a Foreign Base of the Transferee or another U.S. taxpayer.
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12. |
Either: |
(a) (i) At the time of the transfer, and at the close of each of the Transferee's two fiscal years preceding the Transferee's fiscal year of transfer, the Transferee's gross assets for financial reporting purposes exceed $100 million and its net assets for financial reporting purposes exceed $10 million. For purposes of the preceding sentence, the gross assets and net assets of a Transferee do not include any obligation of any Related Person or any other asset if a principal purpose for holding or acquiring the other asset is to permit the Transferee to satisfy the conditions of this paragraph 12(a); and (ii) the Transferee is an Eligible Corporation and hereby agrees that any subsequent transfer of the interest will be to another Eligible Corporation in a transaction that satisfies this Transfer Affidavit, including this paragraph 12(a). For the purpose of this affidavit, the term “Eligible Corporation” means any domestic C
corporation (as defined in section 1361(a)(2) of the Code) other than a corporation which is exempt from, or is not subject to, tax under section 11 of the Code, an entity described in section 851(a) or 856(a) of the Code, a REMIC or an organization to which part I, subchapter T, chapter 1, subtitle A of the Code applies, and the term “Related Person” means any person that bears a relationship to the Transferee enumerated in section 267(b) or 707(b)(1) of the Code, using "20 percent" instead of "50 percent" where it appears under the provisions; or is under common control (within the meaning of section 52(a) and (b) of the Code) with the Transferee; or
(b)(i) The Transferee is a United States Person; and (ii) the present value of the anticipated tax liabilities associated with holding the residual interest does not exceed the sum of: (A) the present value of any consideration given to the Transferee to acquire the interest, (B) the present value of the expected future distributions on the interest and (C) the present value of the anticipated tax savings associated with holding the interest as the REMIC generates losses. For purposes of calculating the aforementioned present values: (i) the transferee has assumed that it pays tax at a rate equal to the highest rate of tax specified in Code Section 11(b)(1) (unless the Transferee has been subject to the alternative minimum tax under Section 55 of the Code in the preceding two years and will compute its taxable income in the current taxable year using the alternative minimum tax rate, in which case the Transferee can assume that it pays tax at the rate specified in Section 55(b)(1)(B) of the Code (provided, that the Transferee states in this Transfer Affidavit that it is using such alternate rate and that has been subject to the alternative minimum tax under Section 55 of the Code in the preceding two years) and will compute its taxable income in the current taxable year using the alternative minimum tax rate); and (ii) the Transferee uses a discount rate equal to the Federal short-term rate prescribed by section 1274(d) of the Code for the month of the transfer and the compounding period used by the Transferee.
13. The Transferee hereby represents to and for the benefit of the transferor that the Transferee intends to pay any tax associated with holding the Ownership Interest as they become due, fully understanding that it may incur tax liabilities in excess of any cash flows generated by its Ownership Interest.
14. The Transferee is not an employee benefit plan that is subject to ERISA or a plan that is subject to Section 4975 of the Code, and the Transferee is not acting on behalf of or using plan assets of such a plan.
IN WITNESS WHEREOF, the Transferee has caused this instrument to be executed on its behalf, pursuant to authority of its Board of Directors, by its duly authorized officer and its corporate seal to be hereunto affixed, duly attested, this ____ day of __________________, 20__.
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Print Name of Transferee |
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By: |
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Name: |
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Title: |
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[Corporate Seal]
ATTEST:
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[Assistant] Secretary |
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Personally appeared before me the above-named ____________, known or proved to me to be the same person who executed the foregoing instrument and to be the ______________ of the Transferee, and acknowledged that he executed the same as his free act and deed and the free act and deed of the Transferee.
Subscribed and sworn before me this ____ day of ________ , 20__.
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NOTARY PUBLIC |
My Commission expires the _____ day of ____________, 20__
ANNEX 1
to EXHIBIT I
Certain Definitions
“Ownership Interest”: As to any Certificate, any ownership interest in the Certificate, including any interest in the Certificate as its Holder and any other interest in it, whether direct or indirect, legal or beneficial.
“Permitted Transferee”: Any Person other than (i) the United States, any State or political subdivision thereof, or any agency or instrumentality of any of the foregoing, (ii) a foreign government, International Organization or any agency or instrumentality of either of the foregoing, (iii) an organization (except certain farmers’ cooperatives described in Code Section 521) that is exempt from tax imposed by Chapter 1 of the Code (including the tax imposed by Code Section 511 on unrelated business taxable income) on any excess inclusions (as defined in Code Section 860E(c)(1)) with respect to any Class R Certificate, (iv) rural electric and telephone cooperatives described in Code Section 1381(a)(2)(c), (v) a Person that is not a U.S. Person and (vi) any other Person so designated by the Depositor based upon an Opinion of Counsel that the Transfer of an Ownership Interest in a Class R Certificate to such Person may cause the Trust Fund to fail to qualify as a REMIC at any time that certain Certificates are Outstanding. The terms “United States,” “State,” and “International Organization” have the meanings in Code Section 7701 or successor provisions. A corporation will not be treated as an instrumentality of the United States or of any State or political subdivision thereof if all of its activities are subject to tax, and, with the exception of the FHLMC, a majority of its board of directors is not selected by such governmental unit.
“Person”: Any individual, corporation, partnership, joint venture, bank, joint stock company, trust (including any beneficiary thereof), unincorporated organization or government or any agency or political subdivision thereof.
“Transfer”: Any direct or indirect transfer or sale of any Ownership Interest in a Certificate, including the acquisition of a Certificate by the Depositor.
“Transferee”: Any Person who is acquiring by Transfer any Ownership Interest in a Certificate.
“United States Person” or “U.S. Person”: (i) A citizen or resident of the United States; (ii) a corporation (or entity treated as a corporation for tax purposes) created or organized in the United States or under the laws of the United States or of any state thereof, including, for this purpose, the District of Columbia; (iii) a partnership (or entity treated as a partnership for tax purposes) organized in the United States or under the laws of the United States or of any state thereof, including, for this purpose, the District of Columbia (unless provided otherwise by future Treasury regulations); (iv) an estate whose income is includible in gross income for United States income tax purposes regardless of its source; (v) a trust, if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more U.S. Persons have authority to control all substantial decisions of the trust; or (vi) to the extent provided in Treasury regulations, certain trusts in existence on August 20, 1996 that are treated as U.S. Persons before that date and that elect to continue to be treated as U.S. Persons.
ANNEX 2
to EXHIBIT I
Section 5.02 (c) of the Agreement
(c) Each Person who has or who acquires any Ownership Interest in a Residual Certificate shall be deemed by the acceptance or acquisition of such Ownership Interest to have agreed to be bound by the following provisions, and the rights of each Person acquiring any Ownership Interest in a Residual Certificate are expressly subject to the following provisions:
(i) Each Person holding or acquiring any Ownership Interest in a Residual Certificate shall be a Permitted Transferee and shall promptly notify the Trustee (with a copy of any such notice to the NIM Insurer) of any change or impending change in its status as a Permitted Transferee.
(ii) No Ownership Interest in a Residual Certificate may be registered on the Closing Date or thereafter transferred, and the Trustee shall not register the Transfer of any Residual Certificate unless, in addition to the certificates required to be delivered to the Trustee under subparagraph (b) above, the Trustee shall have been furnished with an affidavit (a copy of which shall be provided to the NIM Insurer) (a “Transfer Affidavit”) of the initial owner or the proposed transferee in the form of Exhibit I (subject to the limitations with respect thereto as set forth in Section 5.02(b)).
(iii) Subject to the limitations set forth in Section 5.02(b), each Person holding or acquiring any Ownership Interest in a Residual Certificate shall agree:
(A) to obtain a Transfer Affidavit from any other Person to whom such Person attempts to Transfer its Ownership Interest in a Residual Certificate;
(B) to obtain a Transfer Affidavit from any Person for whom such Person is acting as nominee, trustee or agent in connection with any Transfer of a Residual Certificate; and
(C) not to Transfer its Ownership Interest in a Residual Certificate or to cause the Transfer of an Ownership Interest in a Residual Certificate to any other Person if it has actual knowledge that such Person is not a Permitted Transferee.
(iv) Any attempted or purported Transfer of any Ownership Interest in a Residual Certificate in violation of this Section 5.02(c) shall be absolutely null and void and shall vest no rights in the purported Transferee. If any purported transferee shall become a Holder of a Residual Certificate in violation of this Section 5.02(c), then the last preceding Permitted Transferee shall be restored to all rights as Holder thereof retroactive to the date of registration of Transfer of such Residual Certificate. The Trustee shall not be liable to any Person for any registration of Transfer of a Residual Certificate that is in fact not permitted by Section 5.02(b) and this Section 5.02(c) or for making any payments due on such Certificate to the Holder thereof or taking any other action with respect to such Holder under this Agreement so long as the Transfer was registered after receipt of the related Transfer Affidavit, Transferor Certificate and either the Rule 144A Letter or the Investment Letter. The Trustee shall be entitled but not obligated to recover from any Holder of a Residual Certificate that was in fact not a Permitted
Transferee at the time it became a Holder or, at such subsequent time as it became other than a Permitted Transferee, all payments made on such Residual Certificate at and after either such time. Any such payments so recovered by the Trustee shall be paid and delivered by the Trustee to the last preceding Permitted Transferee of such Certificate.
(v) The Depositor shall use its best efforts to make available, upon receipt of written request from the Trustee, all information necessary to compute any tax imposed under Section 860E(e) of the Code as a result of a Transfer of an Ownership Interest in a Residual Certificate to any Holder who is not a Permitted Transferee.
The restrictions on Transfers of a Residual Certificate in this Section 5.02(c) shall cease to apply (and the applicable portions of the legend on a Residual Certificate may be deleted) with respect to Transfers occurring after delivery to the Trustee of an Opinion of Counsel, which Opinion of Counsel shall not be an expense of the Trust Fund, the Trustee, the Seller, the NIM Insurer or the Servicer, to the effect that the elimination of such restrictions will not cause the Trust Fund hereunder to fail to qualify as a REMIC at any time that the Certificates are outstanding or result in the imposition of any tax on the Trust Fund, a Certificateholder or any other Person. The Opinion of Counsel shall be accompanied by written notification from each Rating Agency that the removal of the restriction will not cause the Rating Agency to downgrade its ratings of the Certificates. Each Person holding or acquiring any Ownership Interest in a Residual Certificate hereby consents to any amendment of this Agreement that, based on an Opinion of Counsel furnished to the Trustee, is reasonably necessary (a) to ensure that the record ownership of, or any beneficial interest in, a Residual Certificate is not transferred, directly or indirectly, to a Person that is not a Permitted Transferee and (b) to provide for a means to compel the Transfer of a Residual Certificate that is held by a Person that is not a Permitted Transferee to a Holder that is a Permitted Transferee.
EXHIBIT J
FORM OF TRANSFEROR CERTIFICATE
__________, 20__
IndyMac ABS, Inc.
000 Xxxxx Xxxx Xxxxxx
Xxxxxxxx, Xxxxxxxxxx 00000
Deutsche Bank National Trust Company
0000 Xxxx Xx. Xxxxxx Xxxxx
Xxxxx Xxx, Xxxxxxxxxx 00000-0000
Attention: : |
[___________] |
Series INABS 2006-A
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Re: |
IndyMac ABS, Inc. Home Equity Loan Asset-Backed Trust, Series INABS 2006-A, Home Equity Mortgage Loan Asset-Backed Certificates, Series INABS 2006-A, Class ___ |
Ladies and Gentlemen:
In connection with our disposition of the above Certificates we certify that (a) we understand that the Certificates have not been registered under the Securities Act of 1933, as amended (the “Act”), and are being disposed by us in a transaction that is exempt from the registration requirements of the Act, (b) we have not offered or sold any Certificates to, or solicited offers to buy any Certificates from, any person, or otherwise approached or negotiated with any person with respect thereto, in a manner that would be deemed, or taken any other action that would result in, a violation of Section 5 of the Act and (c) to the extent we are disposing of a Residual Certificate, we have no knowledge the Transferee is not a Permitted Transferee.
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Very truly yours, | ||||||
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Print Name of Transferor | ||||||
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By: |
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Authorized Officer |
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EXHIBIT K
FORM OF SWAP AGREEMENT
BEAR XXXXXXX FINANCIAL PRODUCTS INC.
000 XXXXXXX XXXXXX
XXX XXXX, XXX XXXX 00000
000-000-0000
DATE: |
February 9, 2006 |
TO: |
Deutsche Bank National Trust Company, not individually, but solely as Supplemental Interest Trust Administrator on behalf of the Supplemental Interest Trust with respect to the IndyMac Bank Home Equity Mortgage Loan Asset-Backed Certificates, Series INABS 2006-A |
ATTENTION: |
Trust Administration - IN06S1 |
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TELEPHONE: |
0-000-000-0000 |
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FACSIMILE: |
0-000-000-0000 |
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FROM: |
Derivatives Documentation |
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TELEPHONE: |
0-000-000-0000 |
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FACSIMILE: |
0-000-000-0000 |
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SUBJECT: |
Fixed Income Derivatives Confirmation and Agreement |
REFERENCE NUMBER(S): |
FXNSC7846 |
The purpose of this letter agreement ("Agreement") is to confirm the terms and conditions of the Transaction entered into on the Trade Date specified below (the "Transaction") between Bear Xxxxxxx Financial Products Inc. ("BSFP") and Deutsche Bank National Trust Company, not individually, but solely as Supplemental Interest Trust Administrator on behalf of the Supplemental Interest Trust with respect to the IndyMac Bank Home Equity Mortgage Loan Asset-Backed Certificates (the “Certificates”), Series INABS 2006-A ("Counterparty"). This Agreement, which evidences a complete and binding agreement between you and us to enter into the Transaction on the terms set forth below, constitutes a "Confirmation" as referred to in the ISDA Form Master Agreement (as defined below), as well as a “Schedule” as referred to in the ISDA Form Master Agreement.
1. This Agreement is subject to and incorporates the 2000 ISDA Definitions (the “Definitions”), as published by the International Swaps and Derivatives Association, Inc. (“ISDA”). You and we have agreed to enter into this Agreement in lieu of negotiating a Schedule to the 1992 ISDA Master Agreement (Multicurrency—Cross Border) form (the "ISDA Form Master Agreement") but, rather, an ISDA Form Master Agreement shall be deemed to have been executed by you and us on the date we entered into the Transaction. In the event of any inconsistency between the provisions of this Agreement and the Definitions or the ISDA Form Master Agreement, this Agreement shall prevail for purposes of the Transaction. Terms capitalized and not otherwise defined herein, in the ISDA Form Master Agreem ent or the Definitions shall have the meanings attributed to them in the Pooling and Servicing Agreement, dated as of January 1, 2006 among IndyMac ABS, Inc., as Depositor, IndyMac Bank, F.S.B., as Seller and Servicer and Deutsche Bank National Trust Company, as Trustee and Supplemental Interest Trust Administrator (the “Pooling and Servicing Agreement”). Each reference to a “Section” or to a “Section” “of this Agreement” will be construed as a reference to a Section of the ISDA Form Master Agreement.
2. |
The terms of the particular Transaction to which this Confirmation relates are as follows: |
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Notional Amount: |
With respect to any Calculation Period, the amount set forth for such Calculation Period in Schedule I attached hereto. |
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Trade Date: |
February 3, 2006 |
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Effective Date: |
February 9, 2006 |
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Termination Date: |
January 25, 2010, with No Adjustment; provided, however, for the purposes of determining the Floating Amount to be paid in respect of the final Calculation Period, such date shall be subject to adjustment in accordance with the Business Day Convention. |
Fixed Amount:
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Fixed Rate Payer: |
Counterparty |
Fixed Rate Payer
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Period End Dates: |
The 25th calendar day of each month during the Term of this Transaction, commencing February 25, 2006 and ending on the Termination Date, with No Adjustment. |
Fixed Rate Payer
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Payment Date: |
The 25th calendar day of each month during the Term of this Transaction, commencing February 25, 2006 and ending on the Termination Date, subject to adjustment in accordance with the Business Day Convention. |
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Fixed Rate: |
4.75300% |
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Fixed Amount: |
To be determined in accordance with the Following formula: |
250 * Fixed Rate * Notional Amount * Fixed Rate Day Count Fraction.
Fixed Rate Day
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Count Fraction: |
30/360 |
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Floating Amounts: |
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Floating Rate Payer: |
BSFP |
Floating Rate Payer
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Payment Dates: |
The 25th calendar day of each month during the Term of this Transaction, commencing February 25, 2006, and ending on the Termination Date, subject to adjustment in accordance with the Business Day Convention. |
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Floating Rate Option: |
USD-LIBOR-BBA |
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Floating Amount: |
To be determined in accordance with the Following formula: |
250 * Floating Rate Option * Notional Amount * Floating Rate Day Count Fraction.
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Spread: |
None |
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Designated Maturity: |
One month |
Floating Rate Day
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Count Fraction: |
Actual/360 |
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Reset Dates: |
The first day of each Calculation Period. |
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Compounding: |
Inapplicable |
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Business Days: |
New York and Santa Xxx |
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Business Day Convention: |
Following |
3. Additional Provisions: |
1) Each party hereto is hereby advised and acknowledges that the other party has engaged in (or refrained from engaging in) substantial financial transactions and has taken (or refrained from taking) other material actions in reliance upon the entry by the parties into the Transaction being entered into on the terms and conditions set forth herein and in the Agreement relating to such |
Transaction, as applicable. This paragraph (1) shall be deemed repeated on the trade date of each Transaction.
4. |
Provisions Deemed Incorporated in a Schedule to the ISDA Form Master Agreement: |
1) [Intentionally omitted]
2) The parties agree that subparagraph (ii) of Section 2(c) will apply to any Transaction.
3) Termination Provisions. For purposes of the ISDA Form Master Agreement:
(a) |
"Specified Entity" is not applicable to BSFP or Counterparty for any purpose. |
(b) "Specified Transaction" is not applicable to BSFP or to Counterparty for any purpose, and, accordingly, Section 5(a)(v) shall not apply to BSFP or Counterparty.
(c) |
The "Cross Default" provisions of Section 5(a)(vi) shall not apply to BSFP or to Counterparty. |
(d) The "Credit Event Upon Merger" provisions of Section 5(b)(iv) will not apply to BSFP or to Counterparty.
(e) |
The “Bankruptcy” provision of Section 5(a)(vii)(2) will not apply to Counterparty. |
(f) The "Automatic Early Termination" provision of Section 6(a) will not apply to BSFP or to Counterparty.
(g) Payments on Early Termination. For the purpose of Section 6(e) of the ISDA Form Master Agreement:
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(i) |
Market Quotation will apply. |
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(ii) |
The Second Method will apply. |
(h) |
"Termination Currency" means United States Dollars. |
(i) |
The provisions of Sections 5(a)(ii), 5(a)(iii) and 5(a)(iv) shall not apply to BSFP or Counterparty. |
(j) Tax Event. The provisions of Section 2(d)(i)(4) and 2(d)(ii) of the ISDA Form Master Agreement shall not apply to Counterparty and Counterparty shall not be required to pay any additional amounts referred to therein.
4) Tax Representations. (a) Payer Representations. For the purpose of Section 3(e) of this Agreement, each of BSFP and the Counterparty will make the following representations:
It is not required by any applicable law, as modified by the practice of any relevant governmental revenue authority, of any Relevant Jurisdiction to make any deduction or withholding for or on account of any Tax from any payment (other than interest under Section 2(e), 6(d)(ii) or 6(e) of this Agreement) to be made by it to the other party under this Agreement. In making this representation, it may rely on:
(i) the accuracy of any representations made by the other party pursuant to Section 3(f) of this Agreement;
(ii) the satisfaction of the agreement contained in Section 4(a)(i) or 4(a)(iii) of this Agreement and the accuracy and effectiveness of any document provided by the other party pursuant to Section 4(a)(i) or 4(a)(iii) of this Agreement; and
(iii) the satisfaction of the agreement of the other party contained in Section 4(d) of this Agreement, provided that it shall not be a breach of this representation where reliance is placed on clause (ii) and the other party does not deliver a form or document under Section 4(a)(iii) by reason of material prejudice to its legal or commercial position.
(b) Payee Representations. For the purpose of Section 3(f) of this Agreement, each of BSFP and the Counterparty make the following representations.
The following representation will apply to BSFP:
BSFP is a corporation organized under the laws of the State of Delaware and its U.S. taxpayer identification number is 00-0000000.
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The following representation will apply to the Counterparty: |
Deutsche Bank National Trust Company is the Supplemental Interest Trust Administrator under the Pooling and Servicing Agreement.
5) [Reserved]
6) Documents to be Delivered. For the purpose of Section 4(a) (i) and 4(a) (iii):
(1) |
Tax forms, documents, or certificates to be delivered are: |
Party required to deliver document |
Form/Document/ Certificate |
Date by which to Be delivered |
BSFP and Counterparty |
Any document required or reasonably requested to allow the other party to make payments under this Agreement without any deduction or withholding for or on the account of any Tax or with such deduction or withholding at a reduced rate |
Promptly after the earlier of (i) reasonable demand by either party or (ii) learning that such form or document is required |
(2) |
Other documents to be delivered are: |
Party required to deliver document |
Form/Document/ Certificate |
Date by which to be delivered |
Covered by Section 3(d) Representation |
BSFP and Counterparty |
Any documents required by the receiving party to evidence the authority of the delivering party or its Credit Support Provider, if any, for it to execute and deliver this Agreement, any Confirmation, and any Credit Support Documents to which it is a party, and to evidence the authority of the delivering party or its Credit Support Provider to perform its obligations under this Agreement, such Confirmation and/or Credit Support Document, as the case may be |
Upon the execution and delivery of this Agreement and such Confirmation |
Yes |
BSFP and Counterparty |
A certificate of an authorized officer of the party, as to the incumbency and authority of the respective officers of the party signing this Agreement. |
Upon the execution and delivery of this Agreement |
Yes |
7) Miscellaneous. Miscellaneous
(a) |
Address for Notices: For the purposes of Section 12(a) of the ISDA Form Master Agreement: |
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Address for notices or communications to BSFP: |
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Address: |
000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 |
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Attention: |
DPC Manager |
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Facsimile: |
(000) 000-0000 |
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with a copy to: |
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Address: |
Xxx Xxxxxxxxx Xxxxxx Xxxxx, Xxxxxxxx, Xxx Xxxx 00000 |
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Attention: |
Derivative Operations - 7th Floor |
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Facsimile: |
(000) 000-0000 |
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(For all purposes) |
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Address for notices or communications to the Counterparty: |
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Address: |
Deutsche Bank National Trust Company |
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0000 X. Xx. Xxxxxx Xxxxx |
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Xxxxx Xxx, XX 00000 |
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Attention: |
Trust Xxxxxxxxxxxxxx - XX00X0 |
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Xxxxxxxxx No.: 0-000-000-0000
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Telephone: |
0-000-000-0000 |
(For all purposes)
(b) |
Process Agent. For the purpose of Section 13(c): |
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BSFP appoints as its |
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Process Agent: |
Not Applicable |
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The Counterparty appoints as its |
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Process Agent: |
Not Applicable |
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(c) |
Offices. The provisions of Section 10(a) will not apply to this Agreement; neither BSFP nor Counterparty have any Offices other than as set forth in the Notices Section and BSFP agrees that, for purposes of Section 6(b) of this Agreement, it shall not in future have any Office other than one in the United States. |
(d) |
Multibranch Party. For the purpose of Section 10(c) of the ISDA Form Master Agreement: |
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BSFP is not a Multibranch Party. |
Counterparty is not a Multibranch Party.
(e) |
Calculation Agent. The Calculation Agent is BSFP; provided, however, that if an Event of Default occurs with respect to BSFP, then the Counterparty shall be entitled to appoint a financial institution that could qualify as a Reference Market-maker to act as Calculation Agent. |
(f) |
Credit Support Document. Not applicable for either BSFP or Counterparty. |
(g) |
Credit Support Provider. |
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BSFP: |
Not Applicable |
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Counterparty: |
Not Applicable |
(h) |
Governing Law. The parties to this Agreement hereby agree that the law of the State of New York shall govern their rights and duties in whole, without regard to the conflict of law provision thereof, other than New York General Obligations Law Sections 5-1401 and 5-1402. |
(i) |
Non-Petition. BSFP hereby irrevocably and unconditionally agrees that it will not institute against, or join any other person in instituting against or cause any other person to institute against IndyMac ABS, Inc. or Counterparty, any bankruptcy, reorganization, arrangement, insolvency, or similar proceeding under the laws of the United States, or any other jurisdiction for the non-payment of any amount due hereunder or any other reason until the payment in full of the Certificates and the expiration of a period of one year plus ten days (or, if longer, the applicable preference period) following such payment. |
(j) |
Severability. If any term, provision, covenant, or condition of this Agreement, or the application thereof to any party or circumstance, shall be held to be invalid or unenforceable (in whole or in part) for any reason, the remaining terms, provisions, covenants, and conditions hereof shall continue in full force and effect and shall remain applicable to all other parties circumstances as if this Agreement had been executed with the invalid or unenforceable portion eliminated, so long as this Agreement as so modified continues to express, without material change, the original intentions of the parties as to the subject matter of this Agreement and the deletion of such portion of this Agreement will not substantially impair the respective benefits or expectations of the parties. |
The parties shall endeavor to engage in good faith negotiations to replace any invalid or unenforceable term, provision, covenant or condition with a valid or enforceable term, provision, covenant or condition, the economic effect of which comes as close as possible to that of the invalid or unenforceable term, provision, covenant or condition.
(k) |
Consent to Recording. Each party hereto consents to the monitoring or recording, at any time and from time to time, by the other party of any and all communications between officers or employees of the parties, waives any further notice of such monitoring or recording, and agrees to notify its officers and employees of such monitoring or recording. |
(l) |
Waiver of Jury Trial. Each party to this Agreement respectively waives any right it may have to a trial by jury in respect of any Proceedings relating to this Agreement, any Credit Support Document or any of the transactions contemplated hereby. |
(m) |
Set-Off. Notwithstanding any provision of this Agreement or any other existing or future agreement, each party irrevocably waives any and all rights it may have to set off, net, recoup or otherwise withhold or suspend or condition payment or performance of any obligation between it and the other party hereunder against any obligation between it and the other party under any other agreements. The provisions Set-off set forth in Section 6(e) of the ISDA Form Master Agreement shall not apply for purposes of this Transaction. |
(n) |
This Agreement may be executed in several counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. |
(o) |
Supplemental Interest Trust Administrator Liability Limitations. It is expressly understood and agreed by the parties hereto that (a) this Agreement is executed and delivered by Deutsche Bank National Trust Company (DBNTC), not individually or personally but solely as Supplemental Interest Trust Administrator, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part of the Counterparty is made and intended not as personal representations, undertakings and agreements by DBNTC but is made and intended for the purpose of binding only the Counterparty, (c) nothing herein contained shall be construed as creating any liability on DBNTC, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by t he parties hereto and by any Person claiming by, through or under the parties hereto and (d) under no circumstances shall DBNTC be personally liable for the payment of any indebtedness or expenses of the Counterparty or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Counterparty under this Agreement or any other related documents. |
8) "Affiliate" BSFP and Counterparty shall be deemed to not have any Affiliates for purposes of this Agreement, including for purposes of Section 6(b)(ii).
9) |
Section 3 of the ISDA Form Master Agreement is hereby amended by adding at the end thereof the following subsection (g): |
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“(g) |
Relationship Between Parties. |
Each party represents to the other party on each date when it enters into a Transaction that:--
(1) Nonreliance. (i) It is not relying on any statement or representation of the other party regarding the Transaction (whether written or oral), other than the representations expressly made in this Agreement or the Confirmation in respect of that Transaction and (ii) it has consulted with its own legal, regulatory, tax, business, investment, financial and
accounting advisors to the extent it has deemed necessary, and it has made its own investment, hedging and trading decisions based upon its own judgement and upon any advice from such advisors as it has deemed necessary and not upon any view expressed by the other party.
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(2) Evaluation and Understanding. |
(i) It has the capacity to evaluate (internally or through independent professional advice) the Transaction and has made its own decision to enter into the Transaction; and
(ii) It understands the terms, conditions and risks of the Transaction and is willing and able to accept those terms and conditions and to assume those risks, financially and otherwise.
(3) Purpose. It is entering into the Transaction for the purposes of managing its borrowings or investments, hedging its underlying assets or liabilities or in connection with a line of business.
(4) Status of Parties. The other party is not acting as agent, fiduciary or advisor for it in respect of the Transaction.
(5) Eligible Contract Participant. it constitutes an "eligible contract participant" as such term is defined in Section 1(a)12 of the Commodity Exchange Act, as amended.”
10) The ISDA Form Master Agreement is hereby amended as follows
(a) The word “third” shall be replaced by the word “second” in the third line of Section 5(a)(i) of the ISDA Form Master Agreement.
11) Additional Termination Events. Additional Termination Events will apply The occurrence of the following shall constitute an Additional Termination Event:
(i) If a Rating Agency Downgrade has occurred and BSFP has not, within 30 days, complied with paragraph (12) below, then an Additional Termination Event shall have occurred with respect to BSFP and BSFP shall be the sole Affected Party with respect to such an Additional Termination Event.
(ii) If, due to insufficient funds in the accounts that the Administrator is holding and the Class A Certificates cannot be paid, or the Administrator fails or admits in writing of its inability to pay the Class A Certificates as they become due, then an Additional Termination Event shall have
occurred with respect to Counterparty and Counterparty shall be the sole Affected Party with respect to such Additional Termination Event.
(iii) If, at any time, the NIM Insurer, if any, or the Servicer purchases the Mortgage Loans pursuant to Section 9.01 of the Pooling and Servicing Agreement, then an Additional Termination Event shall have occurred with respect to Counterparty with Counterparty as the sole Affected Party with respect to such Additional Termination Event. Notwithstanding the provisions of section 6(b)(iv) of the ISDA Form Master Agreement, either BSFP or Counterparty may designate an Early Termination Date (provided that such date shall not be prior to the final Distribution Date under the Pooling and Servicing Agreement) in respect of this Additional Termination Event.
(iv) If, upon the occurrence of a Swap Disclosure Event (as defined in paragraph 15 below) BSFP has not, within 10 Business Days after such Swap Disclosure Event complied with any of the provisions set forth in clause (iii) of paragraph 15 below, then an Additional Termination Event shall have occurred with respect to BSFP and BSFP shall be the sole Affected Party with respect to such Additional Termination Event.
12) Rating Agency Downgrade. In the event that BSFP’s long-term unsecured and unsubordinated debt rating is withdrawn or reduced below “AA-” by Standard and Poor’s Ratings Services, Inc., a division of the XxXxxx-Xxxx Companies, Inc. (“S&P”) or its long-term unsecured and unsubordinated debt rating is withdrawn or reduced below “Aa3” by Xxxxx’x Investors Service, Inc. (“Moody’s”) (and together with S&P and Fitch Ratings Ltd. (“Fitch”), the “Swap Rating Agencies”, and such rating thresholds, “Approved Rating Thresholds”), then within 30 days after such rating withdrawal or downgrade, BSFP shall, at its own expense and subject to the Rating Agency Condition, either (i) seek another entity to replace BSFP as party to this Agreement that meets or exceeds the Approved Rating Thresholds on terms substantially similar to this Agreement or (ii) obtain a guaranty of, or a contingent agreement of another person with the Approved Rating Thresholds, to honor, BSFP’s obligations under this Agreement. For purposes of this provision, “Rating Agency Condition” means, with respect to any particular proposed act or omission to act hereunder that the party acting or failing to act must consult with each of the Swap Rating Agencies then providing a rating of the Certificates and receive from each of the Swap Rating Agencies a prior written confirmation that the proposed action or inaction would not cause a downgrade or withdrawal of the then-current rating of the Certificates.
13) BSFP hereby agrees that, unless notified in writing by Counterparty of other payment instructions, any and all amounts payable by BSFP to Counterparty under this Agreement shall be paid to Counterparty at the account specified in Section 5.
14) No transfer, amendment, waiver, supplement, assignment or other modification of this Transaction shall be permitted by either party unless (i) each of S&P, Fitch and Moody’s has been provided notice of
the same, and (ii) each of S&P, Fitch and Moody’s confirms in writing (including by facsimile transmission) that it will not downgrade, qualify, withdraw or otherwise modify its then-current rating of the Certificates.
15) Compliance with Regulation AB.
(i) BSFP agrees and acknowledges that IndyMac ABS, Inc. (the “Depositor”) is required under Regulation AB under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (“Regulation AB”), to disclose certain financial information regarding BSFP or its group of affiliated entities, if applicable, depending on the aggregate “significance percentage” of this Agreement and any other derivative contracts between BSFP or its group of affiliated entities, if applicable, and Counterparty, as calculated from time to time in accordance with Item 1115 of Regulation AB.
(ii) It shall be a swap disclosure event (“Swap Disclosure Event”) if, on any Business Day after the date hereof, the Depositor requests from BSFP the applicable financial information described in Item 1115 of Regulation AB (such request to be based on a reasonable determination by the Depositor, in good faith, that such information is required under Regulation AB) (the “Swap Financial Disclosure”).
(iii) Upon the occurrence of a Swap Disclosure Event, BSFP, at its own expense, shall (a) provide to the Depositor the Swap Financial Disclosure, (b) secure another entity to replace BSFP as party to this Agreement on terms substantially similar to this Agreement and subject to prior notification to the Swap Rating Agencies, which entity (or a guarantor therefor) meets or exceeds the Approved Rating Thresholds and which satisfies the Rating Agency Condition and which entity is able to comply with the requirements of Item 1115 of Regulation AB, (c) obtain a guaranty of the BSFP’s obligations under this Agreement that satisfies the Rating Agency Condition, from an affiliate of the BSFP that is able to comply with the financial information disclosure requirements of Item 1115 of Regulation AB, such that disclosure provided in respect of the affiliate will satisfy any disclosure requirements applicable to the Swap Provider, and cause such affiliate to provide Swap Financial Disclosure or (d) post collateral that will be sufficient to reduce the “significance percentage” as defined under Item 1115 of Regulation AB such that no information that would otherwise have constituted Swap Financial Disclosure will be required to be filed with, or incorporated by reference into, the Exchange Act Reports of the Depositor pursuant to Item 1115 of Regulation AB. If permitted by Regulation AB, any required Swap Financial Disclosure may be provided by incorporation by reference from reports filed pursuant to the Exchange Act.
(iv) BSFP agrees that, in the event that BSFP provides Swap Financial Disclosure to the Depositor in accordance with clause (iii)(a) of paragraph 15 or causes its affiliate to provide Swap Financial Disclosure to the Depositor in accordance with clause (iii)(c) of paragraph 15, it will indemnify and hold harmless the Depositor, its respective directors or officers and any person controlling the Depositor,
from and against any and all losses, claims, damages and liabilities caused by any untrue statement or alleged untrue statement of a material fact contained in such Swap Financial Disclosure or caused by any omission or alleged omission to state in such Swap Financial Disclosure a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading.
(v) BSFP hereby represents and warrants that there are no affiliations between BSFP and any of the following parties (the “Securitization Parties”) identified to BSFP by the Depositor or any relationships or transactions relating to BSFP and any of the Securitization Parties of a type described in Item 1119(b) of Regulation AB:
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(i) |
IndyMac Bank, F.S.B. (the sponsor, seller and servicer); |
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(ii) |
IndyMac ABS, Inc. (the depositor); and |
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(iii) |
Deutsche Bank National Trust Company (Administrator and custodian). |
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16) Third Party Beneficiary. the Depositor shall be an express third party beneficiary of this Agreement as if a party hereto to the extent of the Depositor’s rights explicitly specified herein.
17) BSFP will provide upon request, without charge, to each person to whom the prospectus supplement relating to the Certificates is delivered, a copy of (i) the ratings analysis from each of S&P and Moody’s evidencing their respective ratings of BSFP or (ii) the most recent audited annual financial statements of BSFP.
18) BSFP hereby agrees that, notwithstanding any provision of this agreement to the contrary, Counterparty’s obligations to pay any amounts owing under this Agreement shall be subject to Section 4.02 of the Pooling and Servicing Agreement and BSFP’s right to receive payment of such amounts shall be subject to Section 4.02 of the Pooling and Servicing Agreement.
NEITHER THE BEAR XXXXXXX COMPANIES INC. NOR ANY SUBSIDIARY OR AFFILIATE OF THE BEAR XXXXXXX COMPANIES INC. OTHER THAN BSFP IS AN OBLIGOR OR A CREDIT SUPPORT PROVIDER ON THIS AGREEMENT OR ANY TRANSACTION COVERED HEREBY.
5. Account Details and
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Settlement Information: |
Payments to BSFP: |
Citibank, N.A., New York
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ABA Number: 000-0000-00, for the account of |
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Bear, Xxxxxxx Securities Corp. |
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Account Number: 0925-3186, for further credit to |
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Bear Xxxxxxx Financial Products Inc. |
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Sub-account Number: 102-04654-1-3 |
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Attention: Derivatives Department |
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Payments to Counterparty: |
Deutsche Bank National Trust Company
ABA # 000000000
Account # 00000000
Account Name: NYLTD Funds Control/Stars West
Ref: IndyMac INABC 2006-A
Counterparty hereby agrees to check this Confirmation and to confirm that the foregoing correctly sets forth the terms of the Transaction by signing in the space provided below and returning to BSFP a facsimile of the fully-executed Confirmation to 000-000-0000. For inquiries regarding U.S. Transactions, please contact Xxxxx Xxxxxx by telephone at 000-000-0000. For all other inquiries please contact Derivatives Documentation by telephone at 000-0-000-0000. Originals will be provided for your execution upon your request.
We are very pleased to have executed this Transaction with you.
Very truly yours,
BEAR XXXXXXX FINANCIAL PRODUCTS INC.
By: __________________________________
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Name: |
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Title: |
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AGREED AND ACCEPTED:
By: Deutsche Bank National Trust Company, not individually, but solely as Supplemental Interest Trust Administrator on behalf of the Supplemental Interest Trust with respect to the IndyMac Bank Home Equity Mortgage Loan Asset-Backed Certificates, Series INABS 2006-A
By: |
__________________________________ |
Name:
Title:
lm/am
SCHEDULE I
(where for the purposes of (i) determining Floating Amounts, all such dates subject to
adjustment in accordance with the Business Day Convention and (ii) determining Fixed Amounts,
all such dates subject to No Adjustment.)
From and including
|
To but excluding
|
Notional Amount (USD) |
Effective Date |
2/25/2006 |
2,239,999.35 |
2/25/2006 |
3/25/2006 |
2,222,632.00 |
3/25/2006 |
4/25/2006 |
2,197,920.00 |
4/25/2006 |
5/25/2006 |
2,165,784.00 |
5/25/2006 |
6/25/2006 |
2,126,240.00 |
6/25/2006 |
7/25/2006 |
2,079,336.00 |
7/25/2006 |
8/25/2006 |
2,025,216.00 |
8/25/2006 |
9/25/2006 |
1,964,084.00 |
9/25/2006 |
10/25/2006 |
1,896,244.00 |
10/25/2006 |
11/25/2006 |
1,822,108.00 |
11/25/2006 |
12/25/2006 |
1,743,712.00 |
12/25/2006 |
1/25/2007 |
1,662,332.00 |
1/25/2007 |
2/25/2007 |
1,583,952.00 |
2/25/2007 |
3/25/2007 |
1,509,300.00 |
3/25/2007 |
4/25/2007 |
1,438,192.00 |
4/25/2007 |
5/25/2007 |
1,370,444.00 |
5/25/2007 |
6/25/2007 |
1,305,916.00 |
6/25/2007 |
7/25/2007 |
1,244,456.00 |
7/25/2007 |
8/25/2007 |
1,185,912.00 |
8/25/2007 |
9/25/2007 |
1,129,676.00 |
9/25/2007 |
10/25/2007 |
1,067,236.00 |
10/25/2007 |
11/25/2007 |
1,004,044.00 |
11/25/2007 |
12/25/2007 |
910,488.00 |
12/25/2007 |
1/25/2008 |
821,536.00 |
1/25/2008 |
2/25/2008 |
742,220.00 |
2/25/2008 |
3/25/2008 |
675,252.00 |
3/25/2008 |
4/25/2008 |
617,148.00 |
4/25/2008 |
5/25/2008 |
580,448.00 |
5/25/2008 |
6/25/2008 |
548,392.00 |
6/25/2008 |
7/25/2008 |
518,160.00 |
7/25/2008 |
8/25/2008 |
489,660.00 |
8/25/2008 |
9/25/2008 |
462,784.00 |
9/25/2008 |
10/25/2008 |
437,432.00 |
10/25/2008 |
11/25/2008 |
413,520.00 |
11/25/2008 |
12/25/2008 |
390,960.00 |
12/25/2008 |
1/25/2009 |
369,676.00 |
1/25/2009 |
2/25/2009 |
349,604.00 |
2/25/2009 |
3/25/2009 |
330,660.00 |
3/25/2009 |
4/25/2009 |
312,784.00 |
4/25/2009 |
5/25/2009 |
295,912.00 |
5/25/2009 |
6/25/2009 |
279,988.00 |
6/25/2009 |
7/25/2009 |
264,952.00 |
7/25/2009 |
8/25/2009 |
250,764.00 |
8/25/2009 |
9/25/2009 |
237,364.00 |
9/25/2009 |
10/25/2009 |
224,712.00 |
10/25/2009 |
11/25/2009 |
212,764.00 |
11/25/2009 |
12/25/2009 |
201,480.00 |
12/25/2009 |
Termination Date |
190,816.00 |
EXHIBIT L
RULE 144A LETTER
____________, 20__
IndyMac ABS, Inc.
000 Xxxxx Xxxx Xxxxxx
Xxxxxxxx, Xxxxxxxxxx 00000
Deutsche Bank National Trust Company
0000 Xxxx Xx. Xxxxxx Xxxxx
Xxxxx Xxx, Xxxxxxxxxx 00000-0000
Attention: : |
[___________] |
Series INABS 2006-A
Re: |
Home Equity Mortgage Loan Asset-Backed Trust, Series INABS 2006-A Home Equity Mortgage Loan Asset-Backed Certificates, Series INABS 2006-A, Class [_] |
Ladies and Gentlemen:
In connection with our acquisition of the above Certificates we certify that (a) we understand that the Certificates are not being registered under the Securities Act of 1933, as amended (the “Act”), or any state securities laws and are being transferred to us in a transaction that is exempt from the registration requirements of the Act and any such laws, (b) we have such knowledge and experience in financial and business matters that we are capable of evaluating the merits and risks of investments in the Certificates, (c) we have had the opportunity to ask questions of and receive answers from the Depositor concerning the purchase of the Certificates and all matters relating thereto or any additional information deemed necessary to our decision to purchase the Certificates, (d) (i) we are not an employee benefit plan that is subject to the Employee Retirement Income Security Act of 1974, as amended, or a plan or arrangement that is subject to Section 4975 of the Internal Revenue Code of 1986, as amended, nor are we acting on behalf of any such plan or arrangement or using the assets of any such plan or arrangement to effect such acquisition, (ii) we are purchasing a Certificate that is not a Class C, Class R or Class R-X Certificate and has been the subject of an ERISA-Qualifying Underwriting and we are an insurance company that is purchasing such Certificates with funds contained in an “insurance company general account” (as such term is defined in Section V(e) of Prohibited Transaction Class Exemption 95-60 (“PTCE 95-60”)) and that the purchase and holding of such Certificates satisfy the requirements for exemptive relief under Sections I and III of PTCE 95-60, or (iii) in the case of a Class M-[__] Certificate which has been the subject of an ERISA-Qualifying Underwriting, it has acquired and is holding such Certificate in reliance on the Exemption, including that such Certificate must be rated, at the time of purchase, not lower than “BBB-” (or its equivalent) by S&P, Fitch or Moody’s and such Certificate is so rated, or (e) we have not, nor has anyone acting on our behalf offered, transferred, pledged, sold or otherwise disposed of the Certificates, any interest in the Certificates or any other similar security to, or solicited any offer to buy or accept a transfer, pledge or other disposition of the Certificates, any interest in the Certificates or any other similar security from, or otherwise approached or negotiated with respect to the Certificates, any interest in the Certificates or any other similar security with, any person in any manner, or made any general solicitation by means of general advertising or in any other manner, or taken any other action, that would constitute a distribution of the Certificates under the Act or that would render the disposition of the Certificates a violation of Section 5 of the Act or require registration pursuant thereto, nor will act, nor
has authorized or will authorize any person to act, in such manner with respect to the Certificates, (f) to the extent that the Certificate transferred is a Class C Certificate, we are a bankruptcy-remote entity and (g) we are a “qualified institutional buyer” as that term is defined in Rule 144A under the Act and have completed either of the forms of certification to that effect attached hereto as Annex 1 or Annex 2. We are aware that the sale to us is being made in reliance on Rule 144A. We are acquiring the Certificates for our own account or for resale pursuant to Rule 144A and further, understand that such Certificates may be resold, pledged or transferred only (i) to a person reasonably believed to be a qualified institutional buyer that purchases for its own account or for the account of a qualified institutional buyer to whom notice is given that the resale, pledge or transfer is being made in reliance on Rule 144A, or (ii) pursuant to another exemption from registration under the Act.
ANNEX 1 TO EXHIBIT L
QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A
[For Transferees Other Than Registered Investment Companies]
The undersigned (the “Buyer”) hereby certifies as follows to the parties listed in the Rule 144A Transferee Certificate to which this certification relates with respect to the Certificates described therein:
1. As indicated below, the undersigned is the President, Chief Financial Officer, Senior Vice President or other executive officer of the Buyer.
2. In connection with purchases by the Buyer, the Buyer is a “qualified institutional buyer” as that term is defined in Rule 144A under the Securities Act of 1933, as amended (“Rule 144A”) because (i) the Buyer owned or invested on a discretionary basis $____________1 in securities (except for the excluded securities referred to below) as of the end of the Buyer’s most recent fiscal year (such amount being calculated in accordance with Rule 144A and (ii) the Buyer satisfies the criteria in the category marked below.
___ Corporation, etc. The Buyer is a corporation (other than a bank, savings and loan association or similar institution), Massachusetts or similar business trust, partnership, or charitable organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended.
___ Bank. The Buyer (a) is a national bank or banking institution organized under the laws of any State, territory or the District of Columbia, the business of which is substantially confined to banking and is supervised by the State or territorial banking commission or similar official or is a foreign bank or equivalent institution, and (b) has an audited net worth of at least $25,000,000 as demonstrated in its latest annual financial statements, a copy of which is attached hereto.
___ Savings and Loan. The Buyer (a) is a savings and loan association, building and loan association, cooperative bank, homestead association or similar institution, that is supervised and examined by a State or Federal authority having supervision over any such institutions or is a foreign savings and loan association or equivalent institution and (b) has an audited net worth of at least $25,000,000 as demonstrated in its latest annual financial statements, a copy of which is attached hereto.
___ Broker-dealer. The Buyer is a dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934, as amended.
___ Insurance Company. The Buyer is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and that is subject to supervision by the insurance commissioner or a similar official or agency of a State, territory or the District of Columbia.
___ State or Local Plan. The Buyer is a plan established and maintained by a State, its political subdivisions, or any agency or instrumentality of the State or its political subdivisions, for the benefit of its employees.
___ ERISA Plan. The Buyer is an employee benefit plan within the meaning of Title I of the Employee Retirement Income Security Act of 1974, as amended.
___ Investment Advisor. The Buyer is an investment advisor registered under the Investment Advisors Act of 1940, as amended.
_________________________
1 Buyer must own or invest on a discretionary basis at least $100,000,000 in securities unless Buyer is a dealer, and, in that case, Buyer must own or invest on a discretionary basis at least $10,000,000 in securities.
___ Small Business Investment Company. Buyer is a small business investment company licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958.
___ Business Development Company. Buyer is a business development company as defined in Section 202(a)(22) of the Investment Advisors Act of 1940, as amended.
3. The term “securities” as used herein does not include (i) securities of issuers that are affiliated with the Buyer, (ii) securities that are part of an unsold allotment to or subscription by the Buyer, if the Buyer is a dealer, (iii) securities issued or guaranteed by the U.S. or any instrumentality thereof, (iv) bank deposit notes and certificates of deposit, (v) loan participations, (vi) repurchase agreements, (vii) securities owned but subject to a repurchase agreement and (viii) currency, interest rate and commodity swaps.
4. For purposes of determining the aggregate amount of securities owned or invested on a discretionary basis by the Buyer, the Buyer used the cost of such securities to the Buyer and did not include any of the securities referred to in the preceding paragraph, except (i) where the Buyer reports its securities holdings in its financial statements on the basis of their market value and (ii) no current information with respect to the cost of those securities has been published. If clause (ii) in the preceding sentence applies, the securities may be valued at market. Further, in determining such aggregate amount, the Buyer may have included securities owned by subsidiaries of the Buyer, but only if such subsidiaries are consolidated with the Buyer in its financial statements prepared in accordance with generally accepted accounting principles and if the investments of such subsidiaries are managed under the Buyer’s direction. However, such securities were not included if the Buyer is a majority-owned, consolidated subsidiary of another enterprise and the Buyer is not itself a reporting company under the Securities Exchange Act of 1934, as amended.
5. The Buyer acknowledges that it is familiar with Rule 144A and understands that the seller to it and other parties related to the Certificates are relying and will continue to rely on the statements made herein because one or more sales to the Buyer may be in reliance on Rule 144A.
6. Until the date of purchase of the Rule 144A Securities, the Buyer will notify each of the parties to which this certification is made of any changes in the information and conclusions herein. Until such notice is given, the Buyer’s purchase of the Certificates will constitute a reaffirmation of this certification as of the date of such purchase. In addition, if the Buyer is a bank or savings and loan is provided above, the Buyer agrees that it will furnish to such parties updated annual financial statements promptly after they become available.
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Date: |
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ANNEX 2 TO EXHIBIT L
QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A
[For Transferees that are Registered Investment Companies]
The undersigned (the “Buyer”) hereby certifies as follows to the parties listed in the Rule 144A Transferee Certificate to which this certification relates with respect to the Certificates described therein:
1. As indicated below, the undersigned is the President, Chief Financial Officer or Senior Vice President of the Buyer or, if the Buyer is a “qualified institutional buyer” as that term is defined in Rule 144A under the Securities Act of 1933, as amended (“Rule 144A”) because Buyer is part of a Family of Investment Companies, is such an officer of the Adviser.
2. In connection with purchases by Buyer, the Buyer is a “qualified institutional buyer” as defined in SEC Rule 144A because (i) the Buyer is an investment company registered under the Investment Company Act of 1940, as amended and (ii) as marked below, the Buyer alone, or the Buyer’s Family of Investment Companies, owned at least $100,000,000 in securities (other than the excluded securities referred to below) as of the end of the Buyer’s most recent fiscal year. For purposes of determining the amount of securities owned by the Buyer or the Buyer’s Family of Investment Companies, the cost of such securities was used, except (i) where the Buyer or the Buyer’s Family of Investment Companies reports its securities holdings in its financial statements on the basis of their market value and (ii) no current information with respect to the cost of those securities has been published. If clause (ii) in the preceding sentence applies, the securities may be valued at market.
___ The Buyer owned $____________ in securities (other than the excluded securities referred to below) as of the end of the Buyer’s most recent fiscal year (such amount being calculated in accordance with Rule 144A).
___ The Buyer is part of a Family of Investment Companies that owned in the aggregate $________ in securities (other than the excluded securities referred to below) as of the end of the Buyer’s most recent fiscal year (such amount being calculated in accordance with Rule 144A).
3. The term “Family of Investment Companies” as used herein means two or more registered investment companies (or series thereof) that have the same investment adviser or investment advisers that are affiliated (by virtue of being majority owned subsidiaries of the same parent or because one investment adviser is a majority owned subsidiary of the other).
4. The term “securities” as used herein does not include (i) securities of issuers that are affiliated with the Buyer or are part of the Buyer’s Family of Investment Companies, (ii) securities issued or guaranteed by the U.S. or any instrumentality thereof, (iii) bank deposit notes and certificates of deposit, (iv) loan participations, (v) repurchase agreements, (vi) securities owned but subject to a repurchase agreement and (vii) currency, interest rate and commodity swaps.
5. The Buyer is familiar with Rule 144A and understands that the parties listed in the Rule 144A Transferee Certificate to which this certification relates are relying and will continue to rely on the statements made herein because one or more sales to the Buyer will be in reliance on Rule 144A. In addition, the Buyer will only purchase for the Buyer’s own account.
6. Until the date of purchase of the Certificates, the undersigned will notify the parties listed in the Rule 144A Transferee Certificate to which this certification relates of any changes in the information and conclusions herein. Until such notice is given, the Buyer’s purchase of the Certificates will constitute a reaffirmation of this certification by the undersigned as of the date of such purchase.
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Print Name of Buyer or Advisor | |
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If an Adviser: | |
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Print Name of Buyer | |
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Date: |
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EXHIBIT M
FORM OF REQUEST FOR RELEASE
(for Trustee)
IndyMac ABS, Inc.,
Home Equity Mortgage Loan Asset-Backed Trust, Series INABS 2006-A
Home Equity Mortgage Loan Asset-Backed Certificates,
Series INABS 2006-A
Loan Information
Name of Mortgagor |
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Servicer |
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Trustee
Name: |
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Address: |
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Trustee |
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The undersigned Servicer hereby acknowledges that it has received from Deutsche Bank National Trust Company, as Trustee for the Holders of Home Equity Mortgage Loan Asset-Backed Certificates, of the above-referenced Series, the documents referred to below (the “Documents”). All capitalized terms not otherwise defined in this Request for Release shall have the meanings given them in the Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”) relating to the above-referenced Series among the Trustee, IndyMac Bank, F.S.B., as Seller and Servicer and IndyMac ABS, Inc., as Depositor.
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Mortgage Note dated ____________, ____, in the original principal sum of $__________, made by __________________ payable to, or endorsed to the order of, the Trustee. |
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Mortgage recorded on ________________ as instrument no. __________ in the County Recorder’s Office of the County of ____________, State of ___________ in book/reel/docket __________of official records at page/image ___________. |
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Deed of Trust recorded on ____________ as instrument no. ____________ in the County Recorder’s Office of the County of ___________, State of __________ in book/reel/docket _____________ of official records at page/image ___________. | |
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Assignment of Mortgage or Deed of Trust to the Trustee, recorded on ____________, ____, as instrument no. __________ in the County Recorder’s Office of the County of ________, State of _________ in book/reel/docket _________ of official records at page/image _____________. | |
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Other documents, including any amendments, assignments or other assumptions of the Mortgage Note or Mortgage. | |
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The undersigned Servicer hereby acknowledges and agrees as follows:
(1) The Servicer shall hold and retain possession of the Documents in trust for the benefit of the Trustee, solely for the purposes provided in the Agreement.
(2) The Servicer shall not cause or knowingly permit the Documents to become subject to, or encumbered by, any claim, liens, security interest, charges, writs of attachment or other impositions nor shall the Servicer assert or seek to assert any claims or rights of setoff to or against the Documents or any proceeds thereof.
(3) The Servicer shall return each and every Document previously requested from the Mortgage File to the Trustee when the need therefor no longer exists, unless the Mortgage Loan relating to the Documents has been liquidated and the proceeds thereof have been remitted to the Certificate Account and except as expressly provided in the Agreement.
(4) The Documents and any proceeds thereof, including any proceeds of proceeds, coming into the possession or control of the Servicer shall at all times be earmarked for the account of the Trustee, and the Servicer shall keep the Documents and any proceeds separate and distinct from all other property in the Servicer’s possession, custody or control.
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INDYMAC BANK, F.S.B. | |||||||
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Date: ________________
EXHIBIT N
FORM OF REQUEST FOR RELEASE OF DOCUMENTS
To: |
Deutsche Bank National Trust Company, Attn: [____________] |
Re: |
The Pooling & Servicing Agreement dated as of January 1, 2006 among IndyMac Bank, F.S.B., as Seller and Servicer, IndyMac ABS, Inc., as Depositor, and Deutsche Bank National Trust Company as Trustee and Supplemental Interest Trust Administrator |
Ladies and Gentlemen:
In connection with the administration of the Mortgage Loans held by you as Trustee for IndyMac ABS, Inc., we request the release of the Mortgage Loan File for the Mortgage Loans described below, for the reason indicated.
FT Account #: |
Pool #: |
Mortgagor’s Name, Address and Zip Code:
Mortgage Loan Number:
Reason for Requesting Documents (check one)
_______1. Mortgage Loan paid in full (IndyMac hereby certifies that all amounts have been received.)
_______2. Mortgage Loan Liquidated (IndyMac hereby certifies that all proceeds of foreclosure, insurance, or other liquidation have been finally received.)
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Mortgage Loan in Foreclosure. |
_______4. |
Other (explain): ____________________________________ |
If item 1 or 2 above is checked, and if all or part of the Mortgage File was previously released to us, please release to us our previous receipt on file with you, as well as an additional documents in your possession relating to the above-specified Mortgage Loan. If item 3 or 4 is checked, upon return of all of the above documents to you as Trustee, please acknowledge your receipt by signing in the space indicated below, and returning this form.
INDYMAC BANK, F.S.B.
000 Xxxxx Xxxx Xxx.
Xxxxxxxx, Xxxxxxxxxx 00000
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TRUSTEE CONSENT TO RELEASE AND
ACKNOWLEDGMENT OF RECEIPT
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EXHIBIT O-1
FORM OF CERTIFICATION TO BE PROVIDED BY THE DEPOSITOR WITH FORM 10-K
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Re: |
IndyMac ABS Inc. |
Home Equity Mortgage Loan Asset-Backed Trust, Series INABS 2006-A
I, [identify the certifying individual], certify that:
1. I have reviewed this annual report on Form 10-K and all reports on Form 10-D required to be filed in respect of the period covered by this report on Form 10-K of Home Equity Mortgage Loan Asset-Backed Trust, Series INABS 2006-A (the “Exchange Act Periodic Reports”);
2. Based on my knowledge, the Exchange Act Periodic Reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the distribution, servicing and other information required to be provided under Form 10-D for the period covered by this report is included in the Exchange Act Periodic Reports;
4. Based on my knowledge and the servicer compliance statement(s) required in this report under Item 1123 of Regulation AB and except as disclosed in the Exchange Act Periodic Reports, the servicer(s) [has/have] fulfilled [its/their] obligations under the servicing agreement(s) in all material respects; and;
5. All of the reports on assessment of compliance with servicing criteria for asset-backed securities and their related attestation reports on assessment of compliance with servicing criteria for asset-backed securities required to be included in this report in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have been included as an exhibit to this report, except as otherwise disclosed in this report. Any material instances of noncompliance described in such reports have been disclosed in this report on Form 10-K.
In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties: Deutsche Bank National Trust Company.
Date: __________________
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[Signature] [Title] |
EXHIBIT O-2
TRUSTEE’S OFFICER’S CERTIFICATE
I, ____________________, a duly elected and acting officer of Deutsche Bank National Trust Company (the “Trustee”) hereby certify as follows:
Reference is hereby made to the Pooling and Servicing Agreement dated as of January 1, 2006 (the “Pooling Agreement”) by and among IndyMac Bank, F.S.B., as seller and servicer,
IndyMac ABS, Inc., as depositor and Deutsche Bank National Trust Company, as trustee and supplemental interest trustee, pursuant to which was created the Home Equity Mortgage Loan Asset-Backed Trust, Series INABS 2006-A (the “Trust”). Capitalized terms used herein but not defined shall have the meanings assigned to them in the Pooling Agreement.
1. I am an authorized officer of the Trustee and I have reviewed this annual report on Form 10-K and all reports on Form 10-D required to be filed in respect of the period covered by this report on Form 10-K of Home Equity Mortgage Loan Asset-Backed Trust, Series INABS 2006-A (the “Exchange Act Periodic Reports”);
2. For purposes of this certificate, “Relevant Information” means the information in the report on assessment of the Trustee’s compliance with the servicing criteria set forth in Item 1122(d) of Reg AB (the “Servicing Assessment”), the registered public accounting firm’s attestation provided in accordance with Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Reg AB ( the “Attestation Report”) applicable to the Trustee and the Monthly Statements (excluding information provided, or based on information provided, by the Servicer or any servicer) and those items in Exhibit S attached to the Pooling and Servicing Agreement which indicate the 4.03 statement or the Trustee as the responsible party during the Relevant Year. Based on my knowledge, the Relevant Information, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this annual report; and
3. Based on my knowledge, the distribution information required to be provided by the Trustee under the Pooling and Servicing Agreement is included in the Monthly Statements.
4. I am responsible for reviewing the activities performed by the Trustee, as servicer under the Pooling Agreement during the Relevant Year. Based upon the review required by the Pooling Agreement and except as disclosed in the Servicing Assessment or Attestation Report, to the best of my knowledge, the Trustee has fulfilled its obligations under the Pooling Agreement throughout the Relevant Year. Relevant Year shall mean 200__.
DATED as of _____________, 200____.
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EXHIBIT P
Reserved
EXHIBIT Q
Reserved
EXHIBIT R
SERVICING CRITERIA TO BE ADDRESSED
IN ASSESSMENT OF COMPLIANCE
Key:
X - obligation
Where there are multiple checks for criteria the attesting party will identify in their management assertion that they are attesting only to the portion of the distribution chain they are responsible for in the related transaction agreements.
Reg AB Reference |
Servicing Criteria |
Servicer |
Trustee |
Notes |
1122(d)(1)(i) |
Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. |
X |
X |
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1122(d)(1)(ii) |
If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities. |
X |
X |
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1122(d)(1)(iii) |
Any requirements in the transaction agreements to maintain a back-up servicer for the Pool Assets are maintained. |
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NA |
1122(d)(1)(iv) |
A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. |
X |
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Reg AB Reference |
Servicing Criteria |
Primary Servicer |
Trustee |
Notes |
1122(d)(2)(i) |
Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. |
X |
X |
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1122(d)(2)(ii) |
Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. |
X |
X |
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1122(d)(2)(iii) |
Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. |
X |
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1122(d)(2)(iv) |
The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of over collateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. |
X |
X |
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1122(d)(2)(v) |
Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. |
X |
X |
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1122(d)(2)(vi) |
Unissued checks are safeguarded so as to prevent unauthorized access. |
X |
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1122(d)(2)(vii) |
Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. |
X |
X |
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Reg AB Reference |
Servicing Criteria |
Servicer |
Trustee |
Notes |
1122(d)(3)(i) |
Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of Pool Assets serviced by the Servicer. |
X |
X |
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1122(d)(3)(ii) |
Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. |
X |
X |
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1122(d)(3)(iii) |
Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements. |
X |
X |
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1122(d)(3)(iv) |
Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. |
X |
X |
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Reg AB Reference |
Servicing Criteria |
Servicer |
Trustee |
Notes |
1122(d)(4)(i) |
Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. |
X |
X |
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1122(d)(4)(ii) |
Pool assets and related documents are safeguarded as required by the transaction agreements. |
X |
X |
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1122(d)(4)(iii) |
Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. |
X |
X |
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1122(d)(4)(iv) |
Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. |
X |
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1122(d)(4)(v) |
The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. |
X |
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1122(d)(4)(vi) |
Changes with respect to the terms or status of an obligor's pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents. |
X |
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1122(d)(4)(vii) |
Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements. |
X |
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1122(d)(4)(viii) |
Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). |
X |
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1122(d)(4)(ix) |
Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. |
X |
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Reg AB Reference |
Servicing Criteria |
Servicer |
Trustee |
Notes |
1122(d)(4)(x) |
Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. |
X |
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1122(d)(4)(xi) |
Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements. |
X |
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1122(d)(4)(xii) |
Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission. |
X |
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1122(d)(4)(xiii) |
Disbursements made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the servicer, or such other number of days specified in the transaction agreements. |
X |
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1122(d)(4)(xiv) |
Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. |
X |
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1122(d)(4)(xv) |
Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. |
X (with respect to a swap disclosure event) |
X |
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EXHIBIT S
FORM 10-D, FORM 8-K AND FORM 10-K
REPORTING RESPONSIBILITY
As to each item described below, the entity indicated as the Responsible Party shall be primarily responsible for reporting the information to the Trustee pursuant to Section 3.24(e). If the Trustee is indicated below as to any item, then the Trustee is primarily responsible for obtaining that information.
Under Item 1 of Form 10-D: a) items marked “4.03 statement” are required to be included in the periodic Distribution Date statement under Section 4.03, provided by the Trustee based on information received from the Servicer; and b) items marked “Form 10-D report” are required to be in the Form 10-D report but not the 4.03 statement, provided by the party indicated. Information under all other Items of Form 10-D is to be included in the Form 10-D report.
Form |
Item |
Description |
Responsible Party |
10-D |
Must be filed within 15 days of the distribution date for the asset-backed securities. | ||
1 |
Distribution and Pool Performance Information |
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Item 1121(a) – Distribution and Pool Performance Information |
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(1) Any applicable record dates, accrual dates, determination dates for calculating distributions and actual distribution dates for the distribution period. |
4.03 statement | ||
(2) Cash flows received and the sources thereof for distributions, fees and expenses. |
4.03 statement | ||
(3) Calculated amounts and distribution of the flow of funds for the period itemized by type and priority of payment, including: |
4.03 statement | ||
(i) Fees or expenses accrued and paid, with an identification of the general purpose of such fees and the party receiving such fees or expenses. |
4.03 statement | ||
(ii) Payments accrued or paid with respect to enhancement or other support identified in Item 1114 of Regulation AB (such as insurance premiums or other enhancement maintenance fees), with an identification of the general purpose of such payments and the party receiving such payments. |
4.03 statement |
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(iii) Principal, interest and other distributions accrued and paid on the asset-backed securities by type and by class or series and any principal or interest shortfalls or carryovers. |
4.03 statement |
(iv) The amount of excess cash flow or excess spread and the disposition of excess cash flow. |
4.03 statement | ||
(4) Beginning and ending principal balances of the asset-backed securities. |
4.03 statement | ||
(5) Interest rates applicable to the pool assets and the asset-backed securities, as applicable. |
4.03 statement | ||
(6) Beginning and ending balances of transaction accounts, such as reserve accounts, and material account activity during the period. |
4.03 statement | ||
(7) Any amounts drawn on any credit enhancement or other support identified in Item 1114 of Regulation AB, as applicable, and the amount of coverage remaining under any such enhancement, if known and applicable. |
4.03 statement | ||
(8) Number and amount of pool assets at the beginning and ending of each period, and updated pool composition information, such as weighted average coupon, weighted average life, weighted average remaining term, pool factors and prepayment amounts. |
4.03 statement
Updated pool composition information fields to be as specified by Depositor from time to time | ||
(9) Delinquency and loss information for the period.
In addition, describe any material changes to the information specified in Item 1100(b)(5) of Regulation AB regarding the pool assets. |
4.03 statement.
Form 10-D report: Servicer | ||
(10) Information on the amount, terms and general purpose of any advances made or reimbursed during the period, including the general use of funds advanced and the general source of funds for reimbursements. |
4.03 statement | ||
(11) Any material modifications, extensions or waivers to pool asset terms, fees, penalties or payments during the distribution period or that have cumulatively become material over time. |
Form 10-D report: Servicer |
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(12) Material breaches of pool asset representations or warranties or transaction covenants. |
Form 10-D report: Trustee (based on actual knowledge to the extent not notified by the Servicer or the Depositor)and Depositor (to the extent of actual knowledge) |
(13) Information on ratio, coverage or other tests used for determining any early amortization, liquidation or other performance trigger and whether the trigger was met. |
4.03 statement | ||
(14) Information regarding any new issuance of asset-backed securities backed by the same asset pool,
[information regarding] any pool asset changes (other than in connection with a pool asset converting into cash in accordance with its terms), such as additions or removals in connection with a prefunding or revolving period and pool asset substitutions and repurchases (and purchase rates, if applicable), and cash flows available for future purchases, such as the balances of any prefunding or revolving accounts, if applicable.
Disclose any material changes in the solicitation, credit-granting, underwriting, origination, acquisition or pool selection criteria or procedures, as applicable, used to originate, acquire or select the new pool assets. |
Form 10-D report: Depositor
Form 10-D report: Servicer
Form 10-D report: Servicer | ||
Item 1121(b) – Pre-Funding or Revolving Period Information
Updated pool information as required under Item 1121(b). |
N/A | ||
2 |
Legal Proceedings |
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Item 1117 – Legal proceedings pending against the following entities, or their respective property, that is material to Certificateholders, including proceedings known to be contemplated by governmental authorities:
Sponsor (Seller)
Depositor
Trustee
Issuing entity
Servicer, affiliated Servicer, other Servicer servicing 20% or more of pool assets at time of report, other material servicers
Originator of 20% or more of pool assets as of the Cut-off Date
Custodian |
Seller
Depositor
Trustee
Depositor
Servicer
Seller
Trustee |
3 |
Sales of Securities and Use of Proceeds |
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Information from Item 2(a) of Part II of Form 10-Q:
With respect to any sale of securities by the sponsor, depositor or issuing entity, that are backed by the same asset pool or are otherwise issued by the issuing entity, whether or not registered, provide the sales and use of proceeds information in Item 701 of Regulation S-K. Pricing information can be omitted if securities were not registered. |
Depositor | ||
4 |
Defaults Upon Senior Securities |
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Information from Item 3 of Part II of Form 10-Q:
Report the occurrence of any Event of Default (after expiration of any grace period and provision of any required notice) |
Trustee | ||
5 |
Submission of Matters to a Vote of Security Holders |
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Information from Item 4 of Part II of Form 10-Q |
Party submitting the matter to Holders for vote | ||
6 |
Significant Obligors of Pool Assets |
| |
Item 1112(b) – Significant Obligor Financial Information* |
N/A |
|
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*This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Item. |
|
7 |
Significant Enhancement Provider Information |
| |
Item 1114(b)(2) – Credit Enhancement Provider Financial Information*
Determining applicable disclosure threshold
Obtaining required financial information or effecting incorporation by reference |
Depositor
| ||
Item 1115(b) – Derivative Counterparty Financial Information*
Determining current maximum probable exposure
Determining current significance percentage
Obtaining required financial information or effecting incorporation by reference |
Depositor
| ||
*This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Items. |
| ||
8 |
Other Information |
| |
Disclose any information required to be reported on Form 8-K during the period covered by the Form 10-D but not reported |
The Responsible Party for the applicable Form 8-K item as indicated below | ||
9 |
Exhibits |
| |
Distribution report |
Trustee | ||
Exhibits required by Item 601 of Regulation S-K, such as material agreements |
Depositor | ||
8-K |
Must be filed within four business days of an event reportable on Form 8-K. | ||
1.01 |
Entry into a Material Definitive Agreement |
|
|
|
Disclosure is required regarding entry into or amendment of any definitive agreement that is material to the securitization, even if depositor is not a party.
Examples: servicing agreement, custodial agreement.
Note: disclosure not required as to definitive agreements that are fully disclosed in the prospectus |
Servicer; or any of the following that is a party to the agreement if Servicer is not: Trustee, Sponsor, Depositor |
1.02 |
Termination of a Material Definitive Agreement |
| |
Disclosure is required regarding termination of any definitive agreement that is material to the securitization (other than expiration in accordance with its terms), even if depositor is not a party.
Examples: servicing agreement, custodial agreement.
|
Servicer; or any of the following that is a party to the agreement if Servicer is not: Trustee, Sponsor, Depositor | ||
1.03 |
Bankruptcy or Receivership |
| |
Disclosure is required regarding the bankruptcy or receivership, if known to the Depositor, with respect to any of the following:
Sponsor (Seller), Depositor, Servicer, affiliated Servicer, other Servicer servicing 20% or more of pool assets at time of report, other material servicers, Trustee, significant obligor, credit enhancer (10% or more), derivatives counterparty |
Depositor | ||
2.04 |
Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement |
| |
Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule.
Disclosure will be made of events other than waterfall triggers which are disclosed in the 4.03 statement |
Servicer/Trustee (to the extent of actual knowledge) | ||
3.03 |
Material Modification to Rights of Security Holders |
|
|
|
Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement |
Trustee |
5.03 |
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year |
| |
Disclosure is required of any amendment “to the governing documents of the issuing entity” |
Depositor | ||
5.06 |
Change in Shell Company Status |
| |
[Not applicable to ABS issuers] |
Depositor | ||
6.01 |
ABS Informational and Computational Material |
| |
[Not included in reports to be filed under Section 3.18] |
Depositor | ||
6.02 |
Change of Servicer or Trustee |
| |
Requires disclosure of any removal, replacement, substitution or addition of any servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers, certificate administrator or trustee. Reg AB disclosure about any new servicer or trustee is also required. |
Trustee or Servicer | ||
6.03 |
Change in Credit Enhancement or Other External Support |
| |
Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external credit enhancements as well as derivatives. Reg AB disclosure about any new enhancement provider is also required. |
Depositor or Trustee | ||
6.04 |
Failure to Make a Required Distribution |
Trustee | |
6.05 |
Securities Act Updating Disclosure |
| |
If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. |
Depositor | ||
If there are any new servicers or originators required to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. |
Depositor | ||
7.01 |
Regulation FD Disclosure |
Depositor | |
8.01 |
Other Events |
| |
Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to security holders. |
Depositor | ||
9.01 |
Financial Statements and Exhibits |
The Responsible Party applicable to reportable event | |
10-K |
Must be filed within 90 days of the fiscal year end for the registrant. | ||
9B |
Other Information |
| |
Disclose any information required to be reported on Form 8-K during the fourth quarter covered by the Form 10-K but not reported |
The Responsible Party for the applicable Form 8-K item as indicated above | ||
15 |
Exhibits and Financial Statement Schedules |
| |
Item 1112(b) – Significant Obligor Financial Information |
Servicer | ||
Item 1114(b)(2) – Credit Enhancement Provider Financial Information
Determining applicable disclosure threshold
Obtaining required financial information or effecting incorporation by reference |
Depositor
| ||
Item 1115(b) – Derivative Counterparty Financial Information
Determining current maximum probable exposure
Determining current significance percentage
Obtaining required financial information or effecting incorporation by reference |
Depositor
|
|
|
Item 1117 – Legal proceedings pending against the following entities, or their respective property, that is material to Certificateholders, including proceedings known to be contemplated by governmental authorities:
Sponsor (Seller)
Depositor
Trustee
Issuing entity
Servicer, affiliated Servicer, other Servicer servicing 20% or more of pool assets at time of report, other material servicers
Originator of 20% or more of pool assets as of the Cut-off Date |
Seller
Depositor
Trustee
Depositor
Servicer
Servicer
|
Item 1119 – Affiliations and relationships between the following entities, or their respective affiliates, that are material to Certificateholders:
Sponsor (Seller)
Depositor
Trustee
Servicer, affiliated Servicer, other Servicer servicing 20% or more of pool assets at time of report, other material servicers
Originator
Credit Enhancer/Support Provider
Significant Obligor |
Seller
Depositor
Trustee (only as to affiliations between the Trustee and such other parties listed)
Servicer
Depositor
Depositor
Servicer | ||
Item 1122 – Assessment of Compliance with Servicing Criteria |
Each Party participating in the servicing function | ||
Item 1123 – Servicer Compliance Statement |
Servicer and Trustee |