EXHIBIT 99.3 October 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")...
EXHIBIT 99.3
October 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,
among 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 October 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: October 1, 2005
CUT-OFF DATE: October 1, 2005
NEW OWNER: HSBC Bank USA, National Association, as trustee for the
Structured Asset Securities Corporation, Series 2005-21
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.
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, 2006, 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
2005-21 (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"),
Xxxxx Fargo Bank, National Association (the "Securities Administrator") or HSBC
Bank USA, National Association (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: Senior 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
000 Xxxxxxxxx Xxxxx Xxxxx
Xxxxxxxxx, XX 00000
Mail Stop Code - 3195
Re: Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through
Certificates, Series 2005-21
Reference is made to the Transfer Notice, dated as of August 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 to HSBC Bank USA,
National Association, 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 BEGINNING TRAIL BALANCE FOR Number two decimals
ACTUAL/ACTUAL, REQUIRED
SCHEDPRIN SCHEDULED PRINCIPAL AMOUNT FOR SCHEDULED/SCHEDULED ACTUAL PRINCIPAL Number two decimals
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, .00 IF NOT APPLICABLE Number two decimals
TOTREMIT TOTAL REMITTANCE AMOUNT, .00 IF NOT APPLICABLE Number two decimals
ENDSCHEDBAL ENDING SCHEDULED BALANCE FOR SCHEDULED/SCHEDULED ENDING TRIAL BALANCE FOR Number two decimals
ACTUAL/ACTUAL .00 IF PAIDOFF, LIQUIDATED OR FULL CHARGEOFF
ENDACTBAL ENDING TRIAL BALANCE .00 IF PAIDOFF, LIQUIDATED OR FULL CHARGEOFF Number two decimals
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 Example .0700000 for 7.00% Number seven decimals
Example .0700000 for 7.00%
SFRATE SERVICE FEE RATE, REQUIRED Number seven decimals
Example .0025000 for .25%
PTRATE PASS THRU RATE, REQUIRED Number seven decimals
Example .0675000 for 6.75%
PIPMT P&I CONSTANT, REQUIRED .00 IF PAIDOFF Number two decimals
D-1-1
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 submitted
date to the PMI company.
Actual bankruptcy DATE(MM/DD/YYYY) Actual date that the bankruptcy petition
start date 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 DATE(MM/DD/YYYY) Actual date that foreclosure 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 Chapter of bankruptcy filed.
11= Chapter 11 filed
12= Chapter 12 filed
13= Chapter 13 filed
Bankruptcy flag VARCHAR2(2) Y=Active Bankruptcy Servicer defined indicator that
N=No Active Bankruptcy 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
received date 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 or relief
granted from stay order is entered by the
bankruptcy court.
Date REO offer accepted DATE(MM/DD/YYYY) Actual date of acceptance of an REO
offer.
Date REO offer received DATE(MM/DD/YYYY) Actual date of receipt of an REO 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 Name of vendor or management company
source Opinion that provided the delinquency valuation
Appraisal=Appraisal 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 Servicer defined indicator that
FC, Bky or Loss mit identifies that the loan is delinquent
N=Less than 90 days but is not involved in loss mitigation,
delinquent foreclosure, bankruptcy or REO.
Foreclosure flag VARCHAR2(2) Y=Active foreclosure Servicer defined indicator that
N=No active foreclosure identifies that the loan is involved in
foreclosure proceedings.
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.
D-2-2
Foreclosure attorney DATE(MM/DD/YYYY) Actual date that the loan was referred
referral date to local counsel to begin foreclosure
proceedings.
Foreclosure valuation NUMBER(15,2) Value obtained during the foreclosure
amount 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 amount
date was completed by vendor or property
management company.
Foreclosure valuation VARCHAR2(80) BPO= Broker's Price Name of vendor or management company
source Opinion that provided the foreclosure valuation
Appraisal=Appraisal amount.
FHA 27011A transmitted DATE(MM/DD/YYYY) Actual date that the FHA 27011A claim
date was submitted to HUD.
FHA 27011 B transmitted DATE(MM/DD/YYYY) Actual date that the FHA 27011B claim
date was submitted to HUD.
VA LGC/ FHA Case number VARCHAR2(15) Number that is assigned 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
received date from HUD as a result of transmitting the
27011A claim.
Foreclosure actual DATE(MM/DD/YYYY) Actual date that the foreclosure sale
sale date was held.
Servicer loan number VARCHAR2(15) Individual number that uniquely identifies
loan as defined by servicer.
Loan type VARCHAR2(2) 1=FHA Residential Type of loan being serviced generally
2=VA Residential defined by the existence of certain
3=Conventional w/o PMI types of insurance. (ie: FHA, VA,
4=Commercial conventional insured, conventional
5=FHA Project uninsured, SBA, etc.)
6=Conventional w/PMI
7=HUD 235/265
8=Daily Simple
Interest Loan
9=Farm Loan
U=Unknown
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.
D-2-3
Loss mit flag VARCHAR2(2) Y= Active loss mitigation Servicer defined indicator that
N=No active loss identifies that the loan is involved in
mitigation completing a loss 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 The defined loss mitigation alternative
LT=Litigation pending identified on the loss mit approval date.
NP=Pending
non-performing sale
CH= Charge off
DI= Deed in lieu
FB= Forbearance plan
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 Date that the lost mitigation valuation
Opinion amount was completed by vendor or
Appraisal=Appraisal property management company.
MI certificate number VARCHAR2(15) 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.
Occupancy status VARCHAR2(1) O=Owner occupied The most recent status of the property
T=Tenant occupied regarding who if anyone is occupying the
U=Unknown property. Typically a result of a
V=Vacant routine property inspection.
First Vacancy date/ DATE(MM/DD/YYYY) The date that the most recent occupancy
Occupancy status date 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).
D-2-4
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
received date from 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 Physical condition of the property as
2=Good most recently reported to the servicer
3=Average by vendor or property management company.
4=Fair
5=Poor
6=Very poor
Property type VARCHAR2(2) 1=Single family Type of property secured by mortgage
2=Town house such as: single family, 2-4 unit, etc.
3=Condo
4=Multifamily
5=Other
6=Prefabricated
B=Commercial
C=Land only
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
Reason for default VARCHAR2(3) 001=Death of principal Cause of delinquency as identified by
mtgr mortgagor.
02=Illness of
principal mtgr
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.
D-2-5
REO list price NUMBER(15,2) The most recent listing/pricing amount
adjustment amount as updated by the servicer for REO
properties.
REO list price DATE(MM/DD/YYYY) The most recent date that the servicer
adjustment date 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 company.
REO actual closing DATE(MM/DD/YYYY) The actual date that the sale of the REO
date property closed escrow.
REO flag VARCHAR2(7) Y=Active REO Servicer defined indicator that
N=No active REO 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 price NUMBER(15,2) The initial/first price that was used to
list the property with an agent as an
REO.
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 REO
date 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 Name of vendor or management company
Opinion that provided the REO value (as is).
Appraisal=Appraisal
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.
D-2-6
Repay plan DATE(MM/DD/YYYY) The servicer defined date upon which the
broken/reinstated/closed servicer considers that the plan is no
date longer in effect as a result of plan
completion or mortgagor's failure to
remit payments as scheduled.
Repay plan created due DATE(MM/DD/YYYY) The date that both the mortgagor and services
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)
Title approval letter DATE(MM/DD/YYYY) The actual date that the title approval
received date 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 package
date was submitted to either HUD or VA.
VA claim funds DATE(MM/DD/YYYY) The actual date that funds were received
received date by the servicer from the VA for the
expense claim submitted by the servicer.
VA claim submitted date DATE(MM/DD/YYYY) The actual date that the expense claim was
submitted by the servicer to the VA.
VA first funds NUMBER(15,2) The amount of funds received by the
received amount 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.
D-2-7
FNMA Delinquency VARCHAR2(3) 09=Forbearance The code that is electronically reported
status code 17=Preforeclosure sale to FNMA by the servicer that reflects
24=Drug seizure the current defaulted status of a loan.
26=Refinance (ie: 65, 67, 43 or 44)
27=Assumption
28=Modification
29=Charge-off
30=Third-party sale
31=Probate
32=Military indulgence
43=Foreclosure
44=Deed-in-lieu
49=Assignment
61=Second lien
considerations
62=VA no-bid
63=VA Refund
64=VA Buydown
65=Ch. 7 bankruptcy
66=Ch. 11 bankruptcy
67=Ch. 13 bankruptcy
FNMA delinquency VARCHAR2(3) 001=Death of principal The code that is electronically reported
reason code mtgr to FNMA by the servicer that describes
002=Illness of principal the circumstance that appears to be the
mtgr primary contributing factor to the
003=Illness of mtgr's delinquency.
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
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 mortgage
balance 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-2-8
