April 1, 2005 Colonial Savings, F.A. 2626 West Freeway Fort Worth, Texas 76702 Attention: F. Allen Maulsby Reference is made to that certain Correspondent Servicing Agreement, dated as of June 26, 2002 (the "Servicing Agreement") annexed as Exhibit C,...
April 1, 2005
Colonial Savings, F.A.
0000 Xxxx Xxxxxxx
Xxxx Xxxxx, Xxxxx 00000
Attention: X. Xxxxx Xxxxxxx
Reference is made to that certain Correspondent Servicing Agreement, dated
as of June 26, 2002 (the "Servicing Agreement") annexed as Exhibit C, by and
between the Colonial Savings, F.A. (the "Servicer"), Xxxxxx Brothers Bank, FSB
(the "Bank") and Aurora Loan Services Inc. (the "Master Servicer"). This notice
constitutes a "Transfer Notice" as contemplated by Section 7.01 of the Servicing
Agreement. Capitalized terms used herein without definition and defined in the
Servicing Agreement are used herein as defined therein. Reference is also made
to that certain Assignment and Assumption Agreement, dated as of April 1, 2005
(the "Assignment") annexed as Exhibit A, by and between the Bank and Xxxxxx
Brothers Holdings Inc. (the "Owner") pursuant to which the Owner acquired from
the Bank all of the Bank's right, title and interest in and to certain of the
Mortgage Loans currently serviced under the Servicing Agreement and assumed for
the benefit of the Servicer and the Bank the rights and obligations of the Bank
as owner of such Mortgage Loans pursuant to the Servicing Agreement. Exhibits
D-1 and D-2 hereto shall supercede Exhibits C-1 and C-2 to the Servicing
Agreement.
The Servicer is hereby notified that the Owner has effected a
Reconstitution with respect to the mortgage loans listed on the attached
schedule (the "Mortgage Loans"). The Servicer is hereby advised of the following
with respect to such Reconstitution and the related Mortgage Loans:
Effective Date of Reconstitution: April 1, 2005
Cut-Off Date: April 1, 2005
New Owner: JPMorgan Chase Bank, N.A., as trustee for the Structured
Adjustable Rate Mortgage Loan Trust, Series 2005-5 Certificateholders
Master Servicer: Aurora Loan Services LLC
The Servicer is also hereby advised that a REMIC election has been made
with respect to the Mortgage Loans subject to the Reconstitution.
By countersigning this notice and returning it to the Master Servicer
named above, the Servicer hereby acknowledges and agrees that, from and after
the Effective Date, the Servicer shall service the Mortgage Loans in accordance
with the terms of the Servicing Agreement for the benefit of the New Owner named
above, as the Owner of the Mortgage Loans. From and after the Effective Date,
the New Owner named above shall have the same rights under the Servicing
Agreement as the Initial Owner named therein with respect to the Mortgage Loans.
1
In addition to the terms and conditions set forth in the Servicing
Agreement, the Servicer hereby acknowledges and agrees that on or before the
last day of February of each year, beginning with February 28, 2005, the
Servicer, at its own expense, will deliver to the Owner and the Master Servicer
a Servicing Officer's certificate stating, as to each signer thereof, that (i) a
review of the activities of the Servicer during such preceding fiscal year and
of performance under this Agreement has been made under such officers'
supervision and (ii) to the best of such officers' knowledge, based on such
review, the Servicer has fulfilled all its obligations under this Agreement for
such year, or, if there has been a default in the fulfillment of all such
obligations, specifying each such default known to such officer and the nature
and status thereof including the steps being taken by the Servicer to remedy
such default.
For so long as a certificate under the Xxxxxxxx-Xxxxx Act of 2002, as
amended, ("Xxxxxxxx-Xxxxx") is required to be given on behalf of Structured
Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates, Series
2005-5 (the "Trust Fund,") no later than March 15th of each year (or if not a
Business Day, the immediately preceding Business Day), or at any other time that
the Master Servicer, Structured Asset Securities Corporation (the "Depositor")
or JPMorgan Chase Bank, N.A. (the "Trustee") provides a certification pursuant
to Xxxxxxxx-Xxxxx and upon thirty (30) days written request of such parties, an
officer of the Servicer shall execute and deliver an Officer's Certificate to
the Master Servicer, the Trustee and the Depositor for the benefit of the Trust
Fund and the Master Servicer, the Trustee and the Depositor and their officers,
directors and affiliates, in the form of Exhibit B hereto.
[SIGNATURE PAGE IMMEDIATELY FOLLOWS]
2
XXXXXX BROTHERS HOLDINGS INC., as Owner
By:____________________________________
Name: Xxxxx Xxxxxxx
Title: Authorized Signatory
Acknowledged by:
COLONIAL SAVINGS, F.A.,
as Servicer
By:_______________________________
Name: Xxxx Xxxxx
Title: Sr. Vice President
EXHIBIT A
Assignment Agreement
[INTENTIONALLY OMITTED]
A-1
EXHIBIT B
Structured Asset Securities Corporation
000 Xxxxxxx Xxxxxx, 0xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Aurora Loan Services LLC
0000 Xxxxx Xxxxxx Xxxx
Xxxxx 000
Xxxxxx, Xxxxxxxx 00000
Re: Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through
Certificates, Series 2005-5
---------------------------------------------------------------------
Reference is made to the Transfer Notice, dated as of February 1, 2005 (the
"Notice"), by and among Xxxxxx Brothers Holdings Inc., as owner and Colonial
Savings, F.A., as servicer (the "Servicer"). I, [identify the certifying
individual], a [title] of the Servicer, hereby certify JPMorgan Chase Bank,
N.A., as trustee (the "Trustee"), Aurora Loan Services LLC, as master servicer
(the "Master Servicer") and Structured Asset Securities Corporation, as
depositor (the "Depositor"), and their respective officers, directors and
affiliates, and with the knowledge and intent that they will rely upon this
certification, that:
1. I have reviewed the information required to be delivered to the Master
Servicer pursuant to the Servicing Agreement (the "Servicing
Information");
2. Based on my knowledge, the Servicing Information does not contain any
material untrue information or omit to state information necessary to make
the Servicing Information, in light of the circumstances under which such
information was provided, not misleading as of the date of this
certification;
3. Based on my knowledge, the Servicing Information has been provided to the
Master Servicer when and as required under the Servicing Agreement;
4. I am responsible for reviewing the activities performed by the Servicer
under the Servicing Agreement, and based upon the review required
thereunder, and except as disclosed in writing to you on or prior to the
date of this certification ( a copy of which disclosure is attached
hereto), the Servicer has, as of the date of this certification, fulfilled
its obligations under this Servicing Agreement; and
B-1
5. I have disclosed to the accountants conducting the annual review required
under Section 6.05 of the Servicing Agreement all significant deficiencies
relating to the Servicer's compliance with the Servicing Agreement.
COLONIAL SAVINGS, F.A.
Name: ____________________________
Title: ____________________________
Date: ____________________________
B-2
EXHIBIT C
Servicing Agreement
See Exhibit 99.4
C-1
EXHIBIT D-1
FORM OF MONTHLY REMITTANCE ADVICE
FIELD NAME DESCRIPTION FORMAT
----------- ----------- ------
INVNUM INVESTOR LOAN NUMBER Number no decimals
SERVNUM SERVICER LOAN NUMBER, REQUIRED Number no decimals
BEGSCHEDBAL BEGINNING SCHEDULED BALANCE FOR SCHED/SCHED Number two decimals
BEGINNING TRAIL BALANCE FOR ACTUAL/ACTUAL,
REQUIRED
SCHEDPRIN SCHEDULED PRINCIPAL AMOUNT FOR SCHEDULED/SCHEDULED Number two decimals
ACTUAL PRINCIPAL COLLECTED FOR ACTUAL/ACTUAL,
REQUIRED, .00 IF NO COLLECTIONS
CURT1 CURTAILMENT 1 AMOUNT, .00 IF NOT APPLICABLE Number two decimals
CURT1DATE CURTAILMENT 1 DATE, BLANK IF NOT APPLICABLE DD-MMM-YY
CURT1ADJ CURTAILMENT 1 ADJUSTMENT, .00 IF NOT APPLICABLE Number two decimals
CURT2 CURTAILMENT 2 AMOUNT, .00 IF NOT APPLICABLE Number two decimals
CURT2DATE CURTAILMENT 2 DATE, BLANK IF NOT APPLICABLE DD-MMM-YY
CURT2ADJ CURTAILMENT 2 ADJUSTMENT, .00 IF NOT APPLICABLE Number two decimals
LIQPRIN PAYOFF, LIQUIDATION PRINCIPAL, .00 IF NOT APPLICABLE Number two decimals
OTHPRIN OTHER PRINCIPAL, .00 IF NOT APPLICABLE Number two decimals
PRINREMIT TOTAL PRINCIPAL REMITTANCE AMOUNT, .00 IF NOT APPLICABLE Number two decimals
INTREMIT NET INTEREST REMIT, INCLUDE PAYOFF INTEREST, Number two decimals
.00 IF NOT APPLICABLE
TOTREMIT TOTAL REMITTANCE AMOUNT, .00 IF NOT APPLICABLE Number two decimals
ENDSCHEDBAL ENDING SCHEDULED BALANCE FOR SCHEDULED/SCHEDULED Number two decimals
ENDING TRIAL BALANCE FOR ACTUAL/ACTUAL
.00 IF PAIDOFF, LIQUIDATED OR FULL CHARGEOFF
ENDACTBAL ENDING TRIAL BALANCE Number two decimals
.00 IF PAIDOFF, LIQUIDATED OR FULL CHARGEOFF
ENDDUEDATE ENDING ACTUAL DUE DATE, NOT LAST PAID INSTALLMENT DD-MMM-YY
ACTCODE 60 IF PAIDOFF, BLANK IF NOT APPLICABLE Number no decimals
ACTDATE ACTUAL PAYOFF DATE, BLANK IF NOT APPLICABLE DD-MMM-YY
INTRATE INTEREST RATE, REQUIRED Number seven decimals
Example .0700000 for 7.00%
SFRATE SERVICE FEE RATE, REQUIRED Number seven decimals
D-1-1
Example .0025000 for .25%
PTRATE PASS THRU RATE, REQUIRED Number seven decimals
Example .0675000 for 6.75%
PIPMT P&I CONSTANT, REQUIRED Number two decimals
.00 IF PAIDOFF
D-1-2
Exhibit D-2
STANDARD LAYOUT FOR MONTHLY DEFAULTED LOAN REPORT
Data Field Format Data Description
---------- ------ ----------------
% of MI coverage NUMBER(6,5) The percent of coverage provided
by the PMI company in the event
of loss on a defaulted loan.
Actual MI claim filed DATE(MM/DD/YYYY) Actual date that the claim was
date submitted to the PMI company.
Actual bankruptcy DATE(MM/DD/YYYY) Actual date that the bankruptcy
start date petition is filed with the
court.
Actual MI claim amount NUMBER(15,2) The amount of the claim that was
filed filed by the servicer with the
PMI company.
Actual discharge date DATE(MM/DD/YYYY) Actual date that the Discharge
Order is entered in the
bankruptcy docket.
Actual due date DATE(MM/DD/YYYY) Actual due date of the next
outstanding payment amount due
from the mortgagor.
Actual eviction DATE(MM/DD/YYYY) Actual date that the eviction
complete date proceedings are completed by
local counsel.
Actual eviction start DATE(MM/DD/YYYY) Actual date that the eviction
date proceedings are commenced by
local counsel.
Actual first legal DATE(MM/DD/YYYY) Actual date that foreclosure
date counsel filed the first legal
action as defined by state
statute.
Actual redemption end DATE(MM/DD/YYYY) Actual date that the foreclosure
date redemption period expires.
Bankruptcy chapter VARCHAR2(2) 7= Chapter 7 filed 11= Chapter 11 filed Chapter of bankruptcy filed.
12= Chapter 12 filed 13= Chapter 13 filed
Bankruptcy flag VARCHAR2(2) Y=Active Bankruptcy N=No Active Bankruptcy Servicer defined indicator that
identifies that the property is
an asset in an active
bankruptcy case.
Bankruptcy Case Number VARCHAR2(15) The court assigned case number
of the bankruptcy filed by a
party with interest in the
property.
D-2-1
MI claim amount paid NUMBER(15,2) The amount paid to the servicer
by the PMI company as a result
of submitting an MI claim.
MI claim funds DATE(MM/DD/YYYY) Actual date that funds were
received date received from the PMI company as
a result of transmitting an MI
claim.
Current loan amount NUMBER(10,2) Current unpaid principal balance
of the loan as of the date of
reporting to Aurora Master
Servicing.
Date FC sale scheduled DATE(MM/DD/YYYY) Date that the foreclosure sale
is scheduled to be held.
Date relief/dismissal DATE(MM/DD/YYYY) Actual date that the dismissal
granted or relief from stay order is
entered by the bankruptcy court.
Date REO offer DATE(MM/DD/YYYY) Actual date of acceptance of an
accepted REO offer.
Date REO offer DATE(MM/DD/YYYY) Actual date of receipt of an REO
received offer.
Delinquency value NUMBER(10,2) Value obtained typically from a
BPO prior to foreclosure
referral not related to loss
mitigation activity.
Delinquency value VARCHAR2(15) BPO= Broker's Price Opinion Appraisal=Appraisal Name of vendor or management
source company that provided the
delinquency valuation amount.
Delinquency value date DATE(MM/DD/YYYY) Date that the delinquency
valuation amount was completed
by vendor or property management
company.
Delinquency flag VARCHAR2(2) Y= 90+ delinq. Not in FC, Bky or Loss mit Servicer defined indicator that
N=Less than 90 days delinquent indentifies that the loan is
delinquent but is not involved
in loss mitigation, foreclosure,
bankruptcy or REO.
Foreclosure flag VARCHAR2(2) Y=Active foreclosure N=No active foreclosure Servicer defined indicator that
identifies that the loan is
involved in foreclosure
proceedings.
D-2-2
Corporate expense NUMBER(10,2) Total of all cumulative expenses
balance advanced by the servicer for
non-escrow expenses such as but
not limited to: FC fees and
costs, bankruptcy fees and
costs, property preservation and
property inspections.
Foreclosure attorney DATE(MM/DD/YYYY) Actual date that the loan was
referral date referred to local counsel to
begin foreclosure proceedings.
Foreclosure valuation NUMBER(15,2) Value obtained during the
amount foreclosure process. Usually as
a result of a BPO and typically
used to calculate the bid.
Foreclosure valuation DATE(MM/DD/YYYY) Date that foreclosure valuation
date amount was completed by vendor
or property management company.
Foreclosure valuation VARCHAR2(80) BPO= Broker's Price Opinion Appraisal=Appraisal Name of vendor or management
source company that provided the
foreclosure valuation amount.
FHA 27011A transmitted DATE(MM/DD/YYYY) Actual date that the FHA 27011A
date claim was submitted to HUD.
FHA 27011 B DATE(MM/DD/YYYY) Actual date that the FHA 27011B
transmitted date claim was submitted to HUD.
VA LGC/ FHA Case VARCHAR2(15) Number that is assigned
number individually to the loan by
either HUD or VA at the time of
origination. The number is
located on the Loan Guarantee
Certificate (LGC) or the
Mortgage Insurance Certificate
(MIC).
FHA Part A funds DATE(MM/DD/YYYY) Actual date that funds were
received date received from HUD as a result of
transmitting the 27011A claim.
Foreclosure actual DATE(MM/DD/YYYY) Actual date that the foreclosure
sale date sale was held.
Servicer loan number VARCHAR2(15) Individual number that uniquely
identifies loan as defined by
servicer.
Loan type VARCHAR2(2) 1=FHA Residential 2=VA Residential Type of loan being serviced
3=Conventional w/o PMI 4=Commercial generally defined by the
5=FHA Project 6=Conventional w/PMI existence of certain types of
7=HUD 235/265 8=Daily Simple Interest Loan insurance. (ie: FHA, VA,
9=Farm Loan U=Unknown conventional insured,
conventional uninsured, SBA,
etc.)
D-2-3
S=Sub prime
Loss mit approval date DATE(MM/DD/YYYY) The date determined that the
servicer and mortgagor agree to
pursue a defined loss mitigation
alternative.
Loss mit flag VARCHAR2(2) Y= Active loss mitigation N=No active loss mitigation Servicer defined indicator that
identifies that the loan is
involved in completing aloss
mitigation alternative.
Loss mit removal date DATE(MM/DD/YYYY) The date that the mortgagor is
denied loss mitigation
alternatives or the date that
the loss mitigation alternative
is completed resulting in a
current or liquidated loan.
Loss mit type VARCHAR2(2) L= Loss Mitigation LT=Ligitation pending The defined loss mitigation
NP=Pending non-performing sale CH= Charge off alternative identified on the
DI= Deed in lieu FB= Forbearance plan loss mit approval date.
MO=Modification PC=Partial claim
SH=Short sale VA=VA refunding
Loss mit value NUMBER(10,2) Value obtained typically from a
BPO prior to foreclosure sale
intended to aid in the
completion of loss mitigation
activity.
Loss mit value date DATE(MM/DD/YYYY) Name of vendor or management
company that provided the loss
mitigation valuation amount.
Loss mit value source VARCHAR2(15) BPO= Broker's Price Opinion Appraisal=Appraisal Date that the lostt mitigation
valuation amount was completed
by vendor or property management
company.
MI certificate number VARCHAR2(15) A number that is assigned
individually to the loan by the
PMI company at the time of
origination. Similar to the VA
LGC/FHA Case Number in purpose.
LPMI Cost NUMBER(7,7) The current premium paid to the
PMI company for Lender Paid
Mortgage Insurance.
D-2-4
Occupancy status VARCHAR2(1) O=Owner occupied T=Tenant occupied The most recent status of the
U=Unknown V=Vacant property regarding who if anyone
is occupying the property.
Typically a result of a routine
property inspection.
First Vacancydate/ DATE(MM/DD/YYYY) The date that the most recent
Occupancy status date occupancy status was determined.
Typically the date of the most
recent property inspection.
Original loan amount NUMBER(10,2) Amount of the contractual
obligations (ie: note and
mortgage/deed of trust).
Original value amount NUMBER(10,2) Appraised value of property as
of origination typically
determined through the appraisal
process.
Origination date DATE(MM/DD/YYYY) Date that the contractual
obligations (ie: note and
mortgage/deed of trust) of the
mortgagor was executed.
FHA Part B funds DATE(MM/DD/YYYY) Actual date that funds were
received date received fro HUD as a result of
transmitting the 27011B claim.
Post petition due date DATE(MM/DD/YYYY) The post petition due date of a
loan involved in a chapter 13
bankruptcy.
Property condition VARCHAR2(2) 1= Excellent 2=Good Physical condition of the
3=Average 4=Fair property as most recently
5=Poor 6=Very poor reported to the servicer by
vendor or property management
company.
Property type VARCHAR2(2) 1=Single family 2=Town house Type of property secured by
3=Condo 4=Multifamily 5=Other mortgage such as: single family,
6=Prefabricated B=Commercial C=Land only 2-4 unit, etc.
7=Mobile home U=Unknown D=Farm
A=Church P=PUD R=Row house
O=Co-op M=Manufactured housing 24= 2-4 family
CT=Condotel MU=Mixed use
D-2-5
Reason for default VARCHAR2(3) Cause of delinquency as
001=Death of principal mtgr 02=Illness of principal mtgr identified by mortgagor.
003=Illness of mtgr's family member 004=Death of mtgr's family member
005=Marital difficulties 006=Curtailment of income
007=Excessive obligations 008=Abandonment of property
009=Distant employee transfer 011=Property problem
012=Inability to sell property 013=Inability to rent property
014=Military service 015=Other
016=Unemployment 017=Business failure
019=Casualty loss 022=Energy-Environment costs
023= Servicing problems 026= Payment adjustment
027=Payment dispute 029=Transfer ownership pending
030=Fraud 031=Unable to contact borrower
INC=Incarceration
REO repaired value NUMBER(10,2) The projected value of the
property that is adjusted from
the "as is" value assuming
necessary repairs have been made
to the property as determined by
the vendor/property management
company.
REO list price NUMBER(15,2) The most recent listing/pricing
adjustment amount amount as updated by the
servicer for REO properties.
REO list price DATE(MM/DD/YYYY) The most recent date that the
adjustment date servicer advised the agent to
make an adjustment to the REO
listing price.
REO value (as is) NUMBER(10,2) The value of the property
without making any repairs as
determined by the
vendor/property management
copmany.
REO actual closing DATE(MM/DD/YYYY) The actual date that the sale of
date the REO property closed escrow.
REO flag VARCHAR2(7) Y=Active REO N=No active REO Servicer defined indicator that
identifies that the property is
now Real Estate Owned.
REO original list date DATE(MM/DD/YYYY) The initial/first date that the
property was listed with an
agent as an REO.
REO original list NUMBER(15,2) The initial/first price that was
price used to list the property with
an agent as an REO.
D-2-6
REO net sales proceeds NUMBER(10,2) The actual REO sales price less
closing costs paid. The net
sales proceeds are identified
within the HUD1 settlement
statement.
REO sales price NUMBER(10,2) Actual sales price agreed upon
by both the purchaser and
servicer as documented on the
HUD1 settlement statement.
REO scheduled close DATE(MM/DD/YYYY) The date that the sale of the
date REO property is scheduled to
close escrow.
REO value date DATE(MM/DD/YYYY) Date that the vendor or
management company completed the
valuation of the property
resulting in the REO value (as
is).
REO value source VARCHAR2(15) BPO= Broker's Price Opinion Appraisal=Appraisal Name of vendor or management
company that provided the REO
value (as is).
Repay first due date DATE(MM/DD/YYYY) The due date of the first
scheduled payment due under a
forbearance or repayment plan
agreed to by both the mortgagor
and servicer.
Repay next due date DATE(MM/DD/YYYY) The due date of the next
outstanding payment due under a
forbearance or repayment plan
agreed to by both the mortgagor
and servicer.
Repay plan DATE(MM/DD/YYYY) The servicer defined date upon
broken/reinstated/ which the servicer considers
closed date that the plan is no longer in
effect as a result of plan
completion or mortgagor's
failure to remit payments as
scheduled.
Repay plan created DATE(MM/DD/YYYY) The date that both the mortgagor
date and servicer agree to the terms
of a forebearance or repayment
plan.
SBO loan number NUMBER(9) Individual number that uniquely
identifies loan as defined by
Xxxxxx Xxxxxx Servicing.
Escrow balance/advance NUMBER(10,2) The positive or negative account
balance balance that is dedicated to
payment of hazard insurance,
property taxes, MI, etc. (escrow
items only)
D-2-7
Title approval letter DATE(MM/DD/YYYY) The actual date that the title
received date approval was received as set
forth in the HUD title approval
letter.
Title package HUD/VA DATE(MM/DD/YYYY) The actual date that the title
date package was submitted to either
HUD or VA.
VA claim funds DATE(MM/DD/YYYY) The actual date that funds were
received date received by the servicer from
the VA for the expense claim
submitted by the servicer.
VA claim submitted DATE(MM/DD/YYYY) The actual date that the expense
date claim was submitted by the
servicer to the VA.
VA first funds NUMBER(15,2) The amount of funds received by
received amount the servicer from VA as a result
of the specified bid.
VA first funds DATE(MM/DD/YYYY) The date that the funds from the
received date specified bid were received by
the servicer from the VA.
VA XXX submitted date DATE(MM/DD/YYYY) Actual date that the Notice of
Election to Xxxxxx was submitted
to the VA.
Zip Code VARCHAR2(5) US postal zip code that
corresponds to property
location.
FNMA Delinquency VARCHAR2(3) 09=Forbearance 17=Preforeclosure sale The code that is electronically
status code 24=Drug seizure 26=Refinance 27=Assumption reported to FNMA by the servicer
28=Modification 29=Charge-off 30=Third-party sale that reflects the current
31=Probate 32=Military indulgence 43=Foreclosure defaulted status of a loan. (ie:
44=Deed-in-lieu 49=Assignment 61=Second lien considerations 65, 67, 43 or 44)
62=VA no-bid 63=VA Refund 64=VA Buydown
65=Ch. 7 bankruptcy 66=Ch. 11 bankruptcy 67=Ch. 13 bankruptcy
D-2-8
FNMA delinquency VARCHAR2(3) The code that is electronically
reason code 001=Death of principal mtgr 002=Illness of principal mtgr reported to FNMA by the servicer
003=Illness of mtgr's family member 004=Death of mtgr's family member that describes the circumstance
005=Marital difficulties 006=Curtailment of income that appears to be the rimary
007=Excessive obligations 008=Abandonment of property contributing factor to the
009=Distant employee transfer 011=Property problem delinquency.
012=Inability to sell property 013=Inability to rent property
014=Military service 015=Other
016=Unemployment 017=Business failure
019=Casualty loss 022=Energy-Environment costs
023= Servicing problems 026= Payment adjustment
027=Payment dispute 029=Transfer ownership pending
030=Fraud 031=Unable to contact borrower
INC=Incarceration
Suspense balance NUMBER(10,2) Money submitted to the servicer,
credited to the mortgagor's
account but not allocated to
principal, interest, escrow,
etc.
Restricted escrow NUMBER(10,2) Money held in escrow by the
balance mortgage company through
completion of repairs to
property.
Investor number NUMBER (10,2) Unique number assigned to a
group of loans in the servicing
system.
D-2-9
