GSAA HOME EQUITY TRUST 2007-5 ASSET-BACKED CERTIFICATES SERIES 2007-5 ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT among GS MORTGAGE SECURITIES CORP., as Assignor DEUTSCHE BANK NATIONAL TRUST COMPANY, AS TRUSTEE FOR GSAA HOME EQUITY TRUST 2007-5...
EXECUTION
COPY
ASSET-BACKED
CERTIFICATES
SERIES
2007-5
among
GS
MORTGAGE SECURITIES CORP.,
as
Assignor
DEUTSCHE
BANK NATIONAL TRUST COMPANY,
AS
TRUSTEE FOR GSAA HOME EQUITY TRUST 2007-5
as
Assignee
and
AVELO
MORTGAGE, L.L.C.
as
Servicer
and
as acknowledged by
XXXXX
FARGO BANK, NATIONAL ASSOCIATION
as
Master Servicer
Dated
as of
April
30, 2007
ASSIGNMENT,
ASSUMPTION AND RECOGNITION AGREEMENT, dated April 30, 2007 (this “Agreement”),
among
GS Mortgage Securities Corp. (the “Assignor”
or
“Depositor”),
Deutsche Bank National Trust Company (“Deutsche
Bank”),
not
in its individual capacity, but solely as trustee (the “Trustee”)
on
behalf of GSAA Home Equity Trust 2007-5 (the “Assignee”),
Avelo
Mortgage, L.L.C. (the “Servicer”)
and as
acknowledged by Xxxxx Fargo Bank, National Association (“Xxxxx
Fargo”),
as
master servicer (in such capacity, the “Master
Servicer”).
For
and
in consideration of the mutual promises contained herein and other good and
valuable consideration the receipt and sufficiency of which are hereby
acknowledged, and of the mutual covenants herein contained, the parties hereto
hereby agree as follows:
1. Assignment,
Assumption and Conveyance.
The
Assignor hereby conveys, sells, grants, transfers and assigns to the Assignee
all of the right, title and interest (other than those rights specifically
retained by the Assignor pursuant to this Agreement) of the Assignor, as
purchaser, in, to and under (a) certain mortgage loans acquired through the
Xxxxxxx Xxxxx Residential Mortgage Conduit Program (the “Mortgage
Loans”)
listed
on the schedule (the “Mortgage
Loan Schedule”)
attached hereto as Exhibit
A,
(b) the
Representations and Warranties Agreement, dated as of April 30, 2007, between
Xxxxxxx Xxxxx Mortgage Company (“GSMC”)
and
the Assignor (the “Representations
and Warranties Agreement”),
and
(c) solely insofar as it relates to the Mortgage Loans, that certain Flow
Servicing Agreement, dated as of January 1, 2006 (the “Servicing
Agreement”),
by
and between Xxxxxxx Xxxxx Mortgage Company as predecessor to the Assignor (in
such capacity, the “Owner”)
and
the Servicer, as amended by the Step 1 Assignment Agreement. The Assignor hereby
agrees that it will (i) deliver possession of notes evidencing the Mortgage
Loans to, or at the direction of, the Assignee or its designee and (ii) take
in
a timely manner all necessary steps under all applicable laws to convey and
to
perfect the conveyance of the Mortgage Loans as required under the Master
Servicing and Trust Agreement, dated as of April 1, 2007 (the “Trust
Agreement”),
among
the Depositor, Deutsche Bank, as Trustee and as a custodian, U.S. Bank National
Association, as a custodian, The Bank of New York Trust Company, National
Association, as a custodian and Xxxxx Fargo, as Master Servicer, securities
administrator and as a custodian.
The
Assignor specifically reserves and does not assign to the Assignee hereunder
(i)
any and all right, title and interest in, to and under and any obligations
of
the Assignor with respect to any mortgage loans subject to the Servicing
Agreement that are not the Mortgage Loans set forth on the Mortgage Loan
Schedule and are not the subject of this Agreement, (ii) any rights and
obligations of the Assignor pursuant to the Servicing Agreement arising prior
to
the date hereof or (iii) the rights and obligations of the Owner under the
following sections of the Servicing Agreement: Section 6.02 (relating to the
Owner’s right to terminate the Servicer), Section 5.01 (relating to the Owner’s
right to receive information from the Servicer) and Section 11.16 (relating
the
Owner’s obligation to execute certain confidentiality agreements).
The
Assignee hereby assumes all of the Assignor’s obligations under the Mortgage
Loans and the Servicing Agreement solely insofar as such obligations relate
to
the Mortgage Loans, other than the obligations set forth in clauses (ii) and
(iii) of the preceding paragraph.
The
parties hereto agree that with respect to the Mortgage Loans being serviced
under the Servicing Agreement the Servicing Fee Rate for the Mortgage Loans
shall be the rate set forth on the Mortgage Loan Schedule.
2. Recognition
of the Assignee.
(a) The
Servicer hereby acknowledges and agrees that from and after the date hereof
(i)
the Trust will be the owner of the Mortgage Loans and the Servicer will be
the
servicer of the Mortgage Loans on or after the applicable Transfer Date pursuant
to the terms set forth in the Trust Agreement, (ii) the Servicer shall look
solely to the Trust (including the Trustee and the Master Servicer acting on
the
Trust’s behalf) for performance of any obligations of the Assignor under the
Mortgage Loans and the Servicing Agreement (solely insofar as it relates to
the
Mortgage Loans) (except for such obligations of the Assignor retained by the
Assignor hereunder), (iii) the Trust (including the Trustee and the Master
Servicer acting on the Trust’s behalf) shall have all the rights and remedies
available to the Assignor, insofar as they relate to (A) the Mortgage Loans,
under the applicable purchase agreement pursuant to which the Owner purchased
the related Mortgage Loans from the related Seller, including, without
limitation, the enforcement of the document delivery requirements set forth
in
Section 5(b) of the related purchase agreement and (B) the Servicing Agreement,
and shall be entitled to enforce all of the obligations of the Servicer
thereunder insofar as they relate to the Mortgage Loans, including without
limitation, the remedies for breaches of representations and warranties set
forth in Article IX of the Servicing Agreement (except for the rights and
remedies retained by the Assignor hereunder), (iv) all references to the Owner
under the Servicing Agreement insofar as they relate to the Mortgage Loans
shall
be deemed to refer to the Trust (except to the extent of the rights and
obligations retained by the Assignor hereunder) (including the Trustee and
the
Servicer acting on the Trust’s behalf) and (v) the Mortgage Loans will be part
of a REMIC, and the Servicer shall service the Mortgage Loans and any real
property acquired upon default thereof (including, without limitation, making
or
permitting any modification, waiver or amendment of any term of any Mortgage
Loan) after the applicable Transfer Date in accordance with the Servicing
Agreement but in no event in a manner that would (A) cause the REMIC to fail
to
qualify as a REMIC or (B) result in the imposition of a tax upon the REMIC
(including but not limited to the tax on prohibited transactions as defined
in
Section 860F(a)(2) of the Code, the tax on contributions to a REMIC set forth
in
Section 860G(d) of the Code, and the tax on “net income from foreclosure
property” as set forth in Section 860G(c) of the Code). Neither the Servicer nor
the Assignor shall amend or agree to amend, modify, waiver, or otherwise alter
any of the terms or provisions of the Servicing Agreement which amendment,
modification, waiver or other alteration would in any way affect the Mortgage
Loans or the Servicer’s performance under the Servicing Agreement with respect
to the Mortgage Loans without the prior written consent of the Master
Servicer.
(b) From
and
after the date hereof, the Servicer shall note the transfer of the Mortgage
Loans to the Assignee in its books and records, shall recognize the Assignee
as
the owner of the Mortgage Loans and, notwithstanding anything herein to the
contrary, shall service all of the Mortgage Loans for the benefit of the
Assignee pursuant to the Servicing Agreement the terms of which are incorporated
herein by reference. It is the intention of the Assignor, Servicer and Assignee
that the Servicing Agreement shall be binding upon and inure to the benefit
of
the Servicer and the Assignee and their successors and assigns.
(c) The
Servicer further acknowledges that, from and after the date hereof, it (and
any
of its successors under the Servicing Agreement) will be subject to the
supervision of the Master Servicer with respect to the Mortgage Loans and that
the Master Servicer, acting on behalf of the Trustee as the owner of the
Mortgage Loans, shall have the same rights with respect to the Mortgage Loans
as
were assigned by GSMC, in its capacity as the original “Owner” under the
Servicing Agreement, to the Assignor under the Step 1 Assignment Agreement,
and
further assigned hereunder by the Assignor to the Trustee, on behalf of the
trust formed pursuant to the Trust Agreement. Such rights that Master Servicer
may enforce on behalf of the Trustee will include, without limitation, the
right
to terminate the Servicer under the Servicing Agreement with respect to the
Mortgage Loans upon the occurrence of an event of default thereunder, the right
to receive all remittances required to be made by the Servicer with respect
to
the Mortgage Loans under the Servicing Agreement, the right to receive all
monthly reports and other data required to be delivered by the Servicer with
respect to the Mortgage Loans under the Servicing Agreement and the right to
exercise certain rights of consent and approval relating to actions taken by
the
Servicer with respect to the Mortgage Loans.
(d) All
reports and other data required to be delivered by the Servicer to the “Owner”
under the Servicing Agreement with respect to the Mortgage Loans shall be
delivered to the Master Servicer at the address set forth in Section 8 hereof.
All remittances required to be made to the Trustee, as the successor in interest
to the Assignor under the Servicing Agreement, shall be made instead to the
Master Servicer by wire transfer to the following account:
Xxxxx
Fargo Bank, National Association
ABA
#: 000000000
For
credit to: SAS Clearing
Acct
#:
3970771416
FFC
to:
GSAA 2007-5 Acct # 53146000
(e) Monthly
Reporting.
Notwithstanding
anything to the contrary in the Servicing Agreement, with respect to the
Mortgage Loans, not later than the tenth calendar day of each month (or if
such
tenth calendar day is not a Business Day, the immediately succeeding Business
Day), the Servicer shall furnish to the Master Servicer (i)(a) monthly loan
data
in the format set forth in Exhibit
B
hereto
(or in such other format mutually agreed upon between the Servicer and the
Master Servicer), (b) default loan data in the format set forth in Exhibit
C
hereto
(or in such other format mutually agreed upon between the Servicer and the
Master Servicer and (c) information regarding the realized losses and gains
in
the format set forth in Exhibit
D
hereto
(or in such other format mutually agreed upon between the Servicer and the
Master Servicer), in each case relating to the period ending on the last day
of
the preceding calendar month, (ii) all such information required pursuant to
clause (i)(a) above on a magnetic tape, electronic mail, or other similar media
reasonably acceptable to the Master Servicer, and (iii) all supporting
documentation with respect to the information required under the preceding
paragraph.
3. Representations
and Warranties of the Assignee.
The
Assignee warrants and represents to and covenants with, the Assignor, the
Servicer and the Trust as of the date hereof that:
(a) it
is a
sophisticated investor able to evaluate the risks and merits of the transactions
contemplated hereby, and that it has not relied in connection therewith upon
any
statements or representations of the Assignor or the Responsible Party other
than those contained in the Sale and Servicing Agreement or this Assignment
Agreement.
(b) it
is
duly and legally authorized to enter into this Assignment Agreement and to
perform its obligations hereunder and under the Sale and Servicing
Agreement.
(c) this
Assignment Agreement has been duly authorized, executed and delivered by it
and
(assuming due authorization, execution and delivery thereof by each of the
other
parties hereto) constitutes its legal, valid and binding obligation, enforceable
in accordance with its terms, except as such enforcement may be limited by
bankruptcy, insolvency, reorganization or other similar laws affecting the
enforcement of creditors’ rights generally and by general equitable principles
(regardless of whether such enforcement is considered in a proceeding in equity
or at law).
4. Representations
and Warranties of the Assignor.
The
Assignor warrants and represents to the Assignee and the Trust as of date hereof
that:
(a) The
Assignor is the sole owner of record and holder of the Mortgage Loans and the
indebtedness evidenced by each Mortgage Note. The Mortgage Loans are not
assigned or pledged, and the Assignor has good, indefeasible and marketable
title thereto, and has full right to transfer and sell the Mortgage Loans to
the
Assignee free and clear of any encumbrance, equity, participation interest,
lien, pledge, charge, claim or security interest, and has full right and
authority subject to no interest or participation of, or agreement with, any
other party, to sell and assign each Mortgage Loan pursuant to this Agreement
and following the sale of each Mortgage Loan, the Assignee will own such
Mortgage Loan free and clear of any encumbrance, equity, participation interest,
lien, pledge, charge, claim or security interest. The Assignor intends to
relinquish all rights to possess, control and monitor the Mortgage Loans;
(b) The
Assignor has not waived the performance by any Mortgagor of any action, if
such
Xxxxxxxxx’s failure to perform such action would cause the Mortgage Loan to be
in default, nor has the Servicer waived any default resulting from any action
or
inaction by such Mortgagor;
(c) With
respect to the Mortgage Loans, any and all requirements of any federal, state
or
local law including, without limitation, usury, truth-in-lending, real estate
settlement procedures, consumer credit protection, equal credit opportunity
and
disclosure laws, all applicable predatory and abusive lending laws or unfair
and
deceptive practices laws applicable to the Mortgage Loans, including, without
limitation, any provisions related to Prepayment Premiums, have been complied
with, the consummation of the transactions contemplated hereby will not involve
the violation of any such laws or regulations; and
(d) With
respect to the Mortgage Loans, none of the Mortgage Loans are (a) subject to
the
Home Ownership and Equity Protection Act of 1994 or (b) classified as “high
cost,” “threshold,” “covered” or “predatory” loans under any other applicable
federal, state or local law (or a similarly classified loan using different
terminology under a law imposing heightened regulatory scrutiny or additional
legal liability for residential mortgage loans having high interest rates,
points and/or fees).
5. Remedies
for Breach of Representations and Warranties of the Assignor.
With
respect to the Mortgage Loans, the Assignor hereby acknowledges and agrees
that
in the event of any breach of the representations and warranties made by the
Assignor set forth in Section 4 hereof or in Section 2 of the Representations
and Warranties Agreement that materially and adversely affects the value of
the
Mortgage Loans or the interest of the Assignee or the Trust therein, within
sixty (60) days of the earlier of either discovery by or notice to the Assignor
of such breach of a representation or warranty, it shall cure, purchase, cause
the purchase of, or substitute for the applicable Mortgage Loan in the same
manner and subject to the conditions set forth in Section 3 of the
Representations and Warranties Agreement.
6. Termination;
Optional Clean-Up Call.
In
connection with the Trust Agreement, the Master Servicer hereby agrees to the
following obligations described below. For purposes of this Section 6 only,
any capitalized term used but not defined in this Assignment Agreement has
the
same meaning assigned thereto in the Trust Agreement.
In
the
event that a Person or Persons specified in Section 11.01 of the Trust Agreement
chooses to exercise its option set forth therein to purchase the Mortgage Loans
and REO Properties or to conduct an Auction Call for such property of the Trust
Fund, as the case may be, by no later than the 10th
day of
the month of the final distribution, such Person shall notify the Depositor,
the
Trustee and the Securities Administrator of the final Distribution Date and
of
the applicable purchase or sale price of the Mortgage Loans and REO Properties
determined and in the manner as provided in the Trust Agreement.
In
the
event the Mortgage Loans and REO Properties are purchased or sold pursuant
to
Section 11.01 of the Trust Agreement, the Master Servicer shall remit to the
Securities Administrator the applicable Termination Price on the Remittance
Date
immediately preceding the applicable final Distribution Date. Upon such final
deposit with respect to the Trust Fund and the receipt by the Securities
Administrator and the Custodians of a Request for Release therefor, the Master
Servicer shall direct the Custodians to release to the Master Servicer or its
designee the Custodial Files for the Mortgage Loans.
7. Continuing
Effect.
Except
as contemplated hereby, the Servicing Agreement and related underlying purchase
agreements shall remain in full force and effect in accordance with their
respective terms.
8. Notices.
Any
notices or other communications permitted or required hereunder or under the
Servicing Agreement or the Trust Agreement shall be in writing and shall be
deemed conclusively to have been given if personally delivered at or mailed
by
registered mail, postage prepaid, and return receipt requested or transmitted
by
telex, telegraph or telecopier and confirmed by a similar mailed writing,
to:
|
(a)
|
in
the case of the Servicer,
|
|
|
Avelo
Mortgage, L.L.C.
|
||
|
250
X. Xxxx Xxxxxxxxx Freeway
|
||
|
Suite
300
|
||
|
Irving,
Texas 75062
|
||
|
Attention:
President and General Counsel
|
||
|
Tel:
(000) 000-0000
|
||
|
Fax:
(000) 000-0000
|
or
such
other address as may hereafter be furnished by the Servicer;
|
(b)
|
in
the case of the Master Servicer,
|
|
| Xxxxx Fargo Bank, National Association | ||
| P.O. Box 98 | ||
| Columbia, Maryland 21046 | ||
| Attention: Client Manager - GSAA 2007-5 | ||
| Or in the case of overnight deliveries: | ||
| Xxxxx Fargo Bank, National Association | ||
| 0000 Xxx Xxxxxxxxx Xxxx, | ||
| Columbia, Maryland 21045 | ||
| Attention: Client Manager - GSAA 2007-5 |
or
such
address as may hereafter be furnished by the Master Servicer;
|
(c)
|
in
the case of the Assignee,
|
|
| Deutsche Bank National Trust Company | ||
| 1761 East St. Xxxxxx Place | ||
| Santa Ana, California 92705-4934 | ||
| Attention: Trust Administration - GS0705 | ||
| Tel.: (000) 000-0000 |
or
such
other address as may hereafter be furnished by the Assignee; and
|
(d)
|
in
the case of the Assignor,
|
|
|
GS
Mortgage Securities Corp.
|
||
|
00
Xxxxx Xxxxxx
|
||
|
New
York, New York 10004
|
||
|
Attention:
Xxxxx Xxxxxxx
|
||
|
Tel.:
(000) 000-0000
|
||
|
Fax:
(000) 000-0000
|
or
such
address as may hereafter be furnished by the Assignor.
9. Counterparts.
This
Agreement may be executed in counterparts, each of which when so executed shall
be deemed to be an original and all of which when taken together shall
constitute one and the same instrument.
10. Definitions.
Any
capitalized term used but not defined in this Agreement has the meaning assigned
thereto in the Servicing Agreement or the Trust Agreement, as
applicable.
11. Trustee
Capacity.
It is
expressly understood and agreed by the parties hereto that (i) this Agreement
is
executed and delivered by Deutsche Bank, not individually or personally but
solely on behalf of GSAA Home Equity Trust 2007-5, as the Assignee, in the
exercise of the powers and authority conferred and vested in it, (ii) each
of
the representations, undertakings and agreements by Deutsche Bank is made and
intended for the purpose of binding only the GSAA Home Equity Trust 2007-5,
(iii) nothing herein contained shall be construed as creating any liability
for
Deutsche Bank, individually or personally, to perform any covenant (either
express or implied) contained herein, and all such liability, if any, is hereby
expressly waived by the parties hereto, and such waiver shall bind any third
party making a claim by or through one of the parties hereto, and (iv) under
no
circumstances shall Deutsche Bank be personally liable for the payment of any
indebtedness or expenses of the GSAA Home Equity Trust 2007-5, or be liable
for
the breach or failure of any obligation, representation, warranty or covenant
made or undertaken by the GSAA Home Equity Trust 2007-5 under this Agreement,
the Trust Agreement or any related document.
12. Third
Party Beneficiary.
The
parties agree that the Master Servicer is intended to be, and shall have the
rights of, a third party beneficiary of this Assignment Agreement.
13. Miscellaneous.
(a) This
Agreement shall be construed in accordance with the laws of the State of New
York, without regard to conflicts of law principles, and the obligations, rights
and remedies of the parties hereunder shall be determined in accordance with
such laws.
(b) No
term
or provision of this Agreement may be waived or modified unless such waiver
or
modification is in writing and signed by the party against whom such waiver
or
modification is sought to be enforced.
(c) This
Agreement shall inure to the benefit of (i) the successors and assigns of the
parties hereto and (ii) the Trust (including the Trustee and the Master Servicer
acting on the Trust’s behalf). Any entity into which the Assignor or Assignee
may be merged or consolidated shall, without the requirement for any further
writing, be deemed Assignor, or Assignee, respectively, hereunder.
(d) Each
of
this Agreement and the Servicing Agreement shall survive the conveyance of
the
Mortgage Loans to the Trust and the assignment of the purchase agreements and
the Servicing Agreement (to the extent assigned hereunder) by the Assignor
to
the Assignee and by Assignee to the Trust and nothing contained herein shall
supersede or amend the terms of the purchase agreements and the Servicing
Agreement.
(e) In
the
event that any provision of this Agreement conflicts with any provision of
the
purchase agreements or the Servicing Agreement with respect to the Mortgage
Loans, the terms of this Agreement shall control.
[SIGNATURE
PAGE FOLLOWS]
IN
WITNESS WHEREOF, the parties have caused this Agreement to be executed by their
duly authorized officers as of the date first above written.
|
GS
MORTGAGE SECURITIES CORP.
|
||
| |
|
|
| By: | /s/ Xxxxxxxx Xxxx | |
|
Name:
Xxxxxxxx Xxxx
Title:
Vice President
|
||
| DEUTSCHE BANK NATIONAL TRUST COMPANY, not in its individual capacity but solely as Trustee | ||
| |
|
|
| By: | /s/ Xxxxxxx Xxxxxx | |
|
Name:
Xxxxxxx Xxxxxx
Title:
Vice President
|
||
|
AVELO
MORTGAGE, L.L.C., as Servicer
|
||
| |
|
|
| By: | /s/ X. Xxxxxx Xxxxxxx | |
|
Name:
X. Xxxxxx Xxxxxxx
Title:
President
|
||
Acknowledged
and Agreed:
XXXXX
FARGO BANK, NATIONAL ASSOCIATION,
as
Master
Servicer
By:
/s/
Xxxxxx Xxxxxx
Name:
Xxxxxx Xxxxxx
Title:
Vice President
EXHIBIT
A
Mortgage
Loan Schedule
[On
File
with the Securities Administrator as provided by the Depositor]
EXHIBIT
B
|
Standard
Loan Level File Layout - Master Servicing
|
|
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|
|||||
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|
||||||
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Column
Name
|
Description
|
Decimal
|
Format
Comment
|
Max
Size
|
||||
|
Each
file requires the following fields:
|
|
|
|
|||||
|
SER_INVESTOR_NBR
|
A
value assigned by the Servicer to define a group of loans.
|
|
Text
up to 20 digits
|
20
|
||||
|
LOAN_NBR
|
A
unique identifier assigned to each loan by the investor.
|
|
Text
up to 10 digits
|
10
|
||||
|
SERVICER_LOAN_NBR
|
A
unique number assigned to a loan by the Servicer. This may be different
than the LOAN_NBR.
|
|
Text
up to 10 digits
|
10
|
||||
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SCHED_PAY_AMT
|
Scheduled
monthly principal and scheduled interest payment that a borrower
is
expected to pay, P&I constant.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
||||
|
NOTE_INT_RATE
|
The
loan interest rate as reported by the Servicer.
|
4
|
Max
length of 6
|
6
|
||||
|
NET_INT_RATE
|
The
loan gross interest rate less the service fee rate as reported
by the
Servicer.
|
4
|
Max
length of 6
|
6
|
||||
|
SERV_FEE_RATE
|
The
servicer's fee rate for a loan as reported by the Servicer.
|
4
|
Max
length of 6
|
6
|
||||
|
SERV_FEE_AMT
|
The
servicer's fee amount for a loan as reported by the Servicer.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
||||
|
NEW_PAY_AMT
|
The
new loan payment amount as reported by the Servicer.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
||||
|
NEW_LOAN_RATE
|
The
new loan rate as reported by the Servicer.
|
4
|
Max
length of 6
|
6
|
||||
|
ARM_INDEX_RATE
|
The
index the Servicer is using to calculate a forecasted
rate.
|
4
|
Max
length of 6
|
6
|
||||
|
ACTL_BEG_PRIN_BAL
|
The
borrower's actual principal balance at the beginning of the processing
cycle.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
||||
|
ACTL_END_PRIN_BAL
|
The
borrower's actual principal balance at the end of the processing
cycle.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
||||
|
BORR_NEXT_PAY_DUE_DATE
|
The
date at the end of processing cycle that the borrower's next payment
is
due to the Servicer, as reported by Servicer.
|
|
MM/DD/YYYY
|
10
|
||||
|
SERV_CURT_AMT_1
|
The
first curtailment amount to be applied.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
||||
|
SERV_CURT_DATE_1
|
The
curtailment date associated with the first curtailment amount.
|
|
MM/DD/YYYY
|
10
|
||||
|
CURT_ADJ_
AMT_1
|
The
curtailment interest on the first curtailment amount, if
applicable.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
||||
|
SERV_CURT_AMT_2
|
The
second curtailment amount to be applied.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
||||
|
SERV_CURT_DATE_2
|
The
curtailment date associated with the second curtailment
amount.
|
|
MM/DD/YYYY
|
10
|
||||
|
CURT_ADJ_
AMT_2
|
The
curtailment interest on the second curtailment amount, if
applicable.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
||||
|
Exhibit
1: Continued
|
Standard
Loan Level File Layout
|
|
|
|
||||
|
Column
Name
|
Description
|
Decimal
|
Format
Comment
|
Max
Size
|
||||
|
SERV_CURT_AMT_3
|
The
third curtailment amount to be applied.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
||||
|
SERV_CURT_DATE_3
|
The
curtailment date associated with the third curtailment
amount.
|
|
MM/DD/YYYY
|
10
|
||||
|
CURT_ADJ_AMT_3
|
The
curtailment interest on the third curtailment amount, if
applicable.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
||||
|
PIF_AMT
|
The
loan "paid in full" amount as reported by the Servicer.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
||||
|
PIF_DATE
|
The
paid in full date as reported by the Servicer.
|
|
MM/DD/YYYY
|
10
|
||||
|
ACTION_CODE
|
The
standard FNMA numeric code used to indicate the default/delinquent
status
of a particular loan.
|
|
Action
Code Key: 15=Bankruptcy, 30=Foreclosure, , 60=PIF, 63=Substitution,
65=Repurchase,70=REO
|
2
|
||||
|
INT_ADJ_AMT
|
The
amount of the interest adjustment as reported by the
Servicer.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
||||
|
SOLDIER_SAILOR_ADJ_AMT
|
The
Soldier and Sailor Adjustment amount, if applicable.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
||||
|
NON_ADV_LOAN_AMT
|
The
Non Recoverable Loan Amount, if applicable.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
||||
|
LOAN_LOSS_AMT
|
The
amount the Servicer is passing as a loss, if applicable.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
||||
|
Plus
the following applicable fields:
|
|
|
|
|||||
|
SCHED_BEG_PRIN_BAL
|
The
scheduled outstanding principal amount due at the beginning of
the cycle
date to be passed through to investors.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
||||
|
SCHED_END_PRIN_BAL
|
The
scheduled principal balance due to investors at the end of a processing
cycle.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
||||
|
SCHED_PRIN_AMT
|
The
scheduled principal amount as reported by the Servicer for the
current
cycle -- only applicable for Scheduled/Scheduled Loans.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
||||
|
SCHED_NET_INT
|
The
scheduled gross interest amount less the service fee amount for
the
current cycle as reported by the Servicer -- only applicable for
Scheduled/Scheduled Loans.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
||||
|
ACTL_PRIN_AMT
|
The
actual principal amount collected by the Servicer for the current
reporting cycle -- only applicable for Actual/Actual
Loans.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
||||
|
ACTL_NET_INT
|
The
actual gross interest amount less the service fee amount for the
current
reporting cycle as reported by the Servicer -- only applicable
for
Actual/Actual Loans.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
||||
|
PREPAY_PENALTY_
AMT
|
The
penalty amount received when a borrower prepays on his loan as
reported by
the Servicer.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
||||
|
PREPAY_PENALTY_
WAIVED
|
The
prepayment penalty amount for the loan waived by the
servicer.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
||||
|
MOD_DATE
|
The
Effective Payment Date of the Modification for the loan.
|
|
MM/DD/YYYY
|
10
|
||||
|
MOD_TYPE
|
The
Modification Type.
|
|
Varchar
- value can be alpha or numeric
|
30
|
||||
|
DELINQ_P&I_ADVANCE_AMT
|
The
current outstanding principal and interest advances made by
Servicer.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
||||
|
BREACH_FLAG
|
Flag
to indicate if the repurchase of a loan is due to a breach of
Representations and Warranties
|
Y=Breach
N=NO
Breach
Let
blank if N/A
|
1
|
|||||
EXHIBIT
C
Standard
File Layout - Delinquency Reporting
*The
column/header names in bold
are
the minimum fields Xxxxx Fargo must receive from every
Servicer
|
Column/Header
Name
|
Description
|
Decimal
|
Format
Comment
|
|||
|
SERVICER_LOAN_NBR
|
A
unique number assigned to a loan by the Servicer. This may be
different
than the LOAN_NBR
|
|
||||
|
LOAN_NBR
|
A
unique identifier assigned to each loan by the originator.
|
|
||||
|
CLIENT_NBR
|
Servicer
Client Number
|
|||||
|
SERV_INVESTOR_NBR
|
Contains
a unique number as assigned by an external servicer to identify
a group of
loans in their system.
|
|
||||
|
BORROWER_FIRST_NAME
|
First
Name of the Borrower.
|
|||||
|
BORROWER_LAST_NAME
|
Last
name of the borrower.
|
|||||
|
PROP_ADDRESS
|
Street
Name and Number of Property
|
|
||||
|
PROP_STATE
|
The
state where the property located.
|
|
||||
|
PROP_ZIP
|
Zip
code where the property is located.
|
|
||||
|
BORR_NEXT_PAY_DUE_DATE
|
The
date that the borrower's next payment is due to the servicer
at the end of
processing cycle, as reported by Servicer.
|
MM/DD/YYYY
|
||||
|
LOAN_TYPE
|
Loan
Type (i.e. FHA, VA, Conv)
|
|
||||
|
BANKRUPTCY_FILED_DATE
|
The
date a particular bankruptcy claim was filed.
|
MM/DD/YYYY
|
||||
|
BANKRUPTCY_CHAPTER_CODE
|
The
chapter under which the bankruptcy was filed.
|
|
||||
|
BANKRUPTCY_CASE_NBR
|
The
case number assigned by the court to the bankruptcy
filing.
|
|
||||
|
POST_PETITION_DUE_DATE
|
The
payment due date once the bankruptcy has been approved by the
courts
|
MM/DD/YYYY
|
||||
|
BANKRUPTCY_DCHRG_DISM_DATE
|
The
Date The Loan Is Removed From Bankruptcy. Either by Dismissal,
Discharged
and/or a Motion For Relief Was Granted.
|
MM/DD/YYYY
|
||||
|
LOSS_MIT_APPR_DATE
|
The
Date The Loss Mitigation Was Approved By The Servicer
|
MM/DD/YYYY
|
||||
|
LOSS_MIT_TYPE
|
The
Type Of Loss Mitigation Approved For A Loan Such As;
|
|||||
|
LOSS_MIT_EST_COMP_DATE
|
The
Date The Loss Mitigation /Plan Is Scheduled To End/Close
|
MM/DD/YYYY
|
||||
|
LOSS_MIT_ACT_COMP_DATE
|
The
Date The Loss Mitigation Is Actually Completed
|
MM/DD/YYYY
|
||||
|
FRCLSR_APPROVED_DATE
|
The
date DA Admin sends a letter to the servicer with instructions
to begin
foreclosure proceedings.
|
MM/DD/YYYY
|
||||
|
ATTORNEY_REFERRAL_DATE
|
Date
File Was Referred To Attorney to Pursue Foreclosure
|
MM/DD/YYYY
|
||||
|
FIRST_LEGAL_DATE
|
Notice
of 1st legal filed by an Attorney in a Foreclosure Action
|
MM/DD/YYYY
|
||||
|
FRCLSR_SALE_EXPECTED_DATE
|
The
date by which a foreclosure sale is expected to occur.
|
MM/DD/YYYY
|
||||
|
FRCLSR_SALE_DATE
|
The
actual date of the foreclosure sale.
|
MM/DD/YYYY
|
||||
|
FRCLSR_SALE_AMT
|
The
amount a property sold for at the foreclosure sale.
|
2
|
No
commas(,) or dollar signs ($)
|
|||
|
EVICTION_START_DATE
|
The
date the servicer initiates eviction of the borrower.
|
MM/DD/YYYY
|
||||
|
EVICTION_COMPLETED_DATE
|
The
date the court revokes legal possession of the property from
the
borrower.
|
MM/DD/YYYY
|
||||
|
LIST_PRICE
|
The
price at which an REO property is marketed.
|
2
|
No
commas(,) or dollar signs ($)
|
|||
|
LIST_DATE
|
The
date an REO property is listed at a particular price.
|
MM/DD/YYYY
|
||||
|
OFFER_AMT
|
The
dollar value of an offer for an REO property.
|
2
|
No
commas(,) or dollar signs ($)
|
|||
|
OFFER_DATE_TIME
|
The
date an offer is received by DA Admin or by the Servicer.
|
MM/DD/YYYY
|
||||
|
REO_CLOSING_DATE
|
The
date the REO sale of the property is scheduled to close.
|
MM/DD/YYYY
|
|
REO_ACTUAL_CLOSING_DATE
|
Actual
Date Of REO Sale
|
MM/DD/YYYY
|
||||
|
OCCUPANT_CODE
|
Classification
of how the property is occupied.
|
|
||||
|
PROP_CONDITION_CODE
|
A
code that indicates the condition of the property.
|
|
||||
|
PROP_INSPECTION_DATE
|
The
date a property inspection is performed.
|
MM/DD/YYYY
|
||||
|
APPRAISAL_DATE
|
The
date the appraisal was done.
|
MM/DD/YYYY
|
||||
|
CURR_PROP_VAL
|
The
current "as is" value of the property based on brokers price
opinion or
appraisal.
|
2
|
|
|||
|
REPAIRED_PROP_VAL
|
The
amount the property would be worth if repairs are completed pursuant
to a
broker's price opinion or appraisal.
|
2
|
|
|||
|
If
applicable:
|
|
|
||||
|
DELINQ_STATUS_CODE
|
FNMA
Code Describing Status of Loan
|
|||||
|
DELINQ_REASON_CODE
|
The
circumstances which caused a borrower to stop paying on a loan.
Code
indicates the reason why the loan is in default for this
cycle.
|
|||||
|
MI_CLAIM_FILED_DATE
|
Date
Mortgage Insurance Claim Was Filed With Mortgage Insurance
Company.
|
MM/DD/YYYY
|
||||
|
MI_CLAIM_AMT
|
Amount
of Mortgage Insurance Claim Filed
|
No
commas(,) or dollar signs ($)
|
||||
|
MI_CLAIM_PAID_DATE
|
Date
Mortgage Insurance Company Disbursed Claim Payment
|
MM/DD/YYYY
|
||||
|
MI_CLAIM_AMT_PAID
|
Amount
Mortgage Insurance Company Paid On Claim
|
2
|
No
commas(,) or dollar signs ($)
|
|||
|
POOL_CLAIM_FILED_DATE
|
Date
Claim Was Filed With Pool Insurance Company
|
MM/DD/YYYY
|
||||
|
POOL_CLAIM_AMT
|
Amount
of Claim Filed With Pool Insurance Company
|
2
|
No
commas(,) or dollar signs ($)
|
|||
|
POOL_CLAIM_PAID_DATE
|
Date
Claim Was Settled and The Check Was Issued By The Pool
Insurer
|
MM/DD/YYYY
|
||||
|
POOL_CLAIM_AMT_PAID
|
Amount
Paid On Claim By Pool Insurance Company
|
2
|
No
commas(,) or dollar signs ($)
|
|||
|
FHA_PART_A_CLAIM_FILED_DATE
|
Date
FHA Part A Claim Was Filed With HUD
|
MM/DD/YYYY
|
||||
|
FHA_PART_A_CLAIM_AMT
|
Amount
of FHA Part A Claim Filed
|
2
|
No
commas(,) or dollar signs ($)
|
|||
|
FHA_PART_A_CLAIM_PAID_DATE
|
Date
HUD Disbursed Part A Claim Payment
|
MM/DD/YYYY
|
||||
|
FHA_PART_A_CLAIM_PAID_AMT
|
Amount
HUD Paid on Part A Claim
|
2
|
No
commas(,) or dollar signs ($)
|
|||
|
FHA_PART_B_CLAIM_FILED_DATE
|
Date
FHA Part B Claim Was Filed With HUD
|
MM/DD/YYYY
|
||||
|
FHA_PART_B_CLAIM_AMT
|
Amount
of FHA Part B Claim Filed
|
2
|
No
commas(,) or dollar signs ($)
|
|||
|
FHA_PART_B_CLAIM_PAID_DATE
|
Date
HUD Disbursed Part B Claim Payment
|
MM/DD/YYYY
|
||||
|
FHA_PART_B_CLAIM_PAID_AMT
|
Amount
HUD Paid on Part B Claim
|
2
|
No
commas(,) or dollar signs ($)
|
|||
|
VA_CLAIM_FILED_DATE
|
Date
VA Claim Was Filed With the Veterans Admin
|
MM/DD/YYYY
|
||||
|
VA_CLAIM_PAID_DATE
|
Date
Veterans Admin. Disbursed VA Claim Payment
|
MM/DD/YYYY
|
||||
|
VA_CLAIM_PAID_AMT
|
Amount
Veterans Admin. Paid on VA Claim
|
2
|
No
commas(,) or dollar signs ($)
|
|||
|
MOTION_FOR_RELIEF_DATE
|
The
date the Motion for Relief was filed
|
10
|
MM/DD/YYYY
|
|||
|
FRCLSR_BID_AMT
|
The
foreclosure sale bid amount
|
11
|
No
commas(,) or dollar signs ($)
|
|||
|
FRCLSR_SALE_TYPE
|
The
foreclosure sales results: REO, Third Party, Conveyance to
HUD/VA
|
|
|
|||
|
REO_PROCEEDS
|
The
net proceeds from the sale of the REO property.
|
|
No
commas(,) or dollar signs ($)
|
|||
|
BPO_DATE
|
The
date the BPO was done.
|
|
|
|
CURRENT_FICO
|
The
current FICO score
|
|
|
|||
|
HAZARD_CLAIM_FILED_DATE
|
The
date the Hazard Claim was filed with the Hazard Insurance
Company.
|
10
|
MM/DD/YYYY
|
|||
|
HAZARD_CLAIM_AMT
|
The
amount of the Hazard Insurance Claim filed.
|
11
|
No
commas(,) or dollar signs ($)
|
|||
|
HAZARD_CLAIM_PAID_DATE
|
The
date the Hazard Insurance Company disbursed the claim
payment.
|
10
|
MM/DD/YYYY
|
|||
|
HAZARD_CLAIM_PAID_AMT
|
The
amount the Hazard Insurance Company paid on the claim.
|
11
|
No
commas(,) or dollar signs ($)
|
|||
|
ACTION_CODE
|
Indicates
loan status
|
Number
|
||||
|
NOD_DATE
|
|
|
MM/DD/YYYY
|
|||
|
NOI_DATE
|
|
|
MM/DD/YYYY
|
|||
|
ACTUAL_PAYMENT_PLAN_START_DATE
|
|
|
MM/DD/YYYY
|
|||
|
ACTUAL_PAYMENT_
PLAN_END_DATE
|
|
|
|
|||
|
ACTUAL_REO_START_DATE
|
|
|
MM/DD/YYYY
|
|||
|
REO_SALES_PRICE
|
|
|
Number
|
|||
|
REALIZED_LOSS/GAIN
|
As
defined in the Servicing Agreement
|
|
Number
|
Exhibit
2: Standard
File Codes - Delinquency Reporting
The
Loss
Mit Type
field
should show the approved Loss Mitigation Code as follows:
| · |
ASUM-Approved
Assumption
|
| · |
BAP-Borrower
Assistance Program
|
| · |
CO-
Charge Off
|
| · |
DIL-
Deed-in-Lieu
|
| · |
FFA-
Formal Forbearance Agreement
|
| · |
MOD-
Loan Modification
|
| · |
PRE-
Pre-Sale
|
| · |
SS-
Short Sale
|
| · |
MISC-Anything
else approved by the PMI or Pool
Insurer
|
NOTE:
Xxxxx
Fargo Bank will accept alternative Loss Mitigation Types to those above,
provided that they are consistent with industry standards. If Loss Mitigation
Types other than those above are used, the Servicer must supply Xxxxx Fargo
Bank
with a description of each of the Loss Mitigation Types prior to sending
the
file.
The
Occupant
Code
field
should show the current status of the property code as follows:
| · |
Mortgagor
|
| · |
Tenant
|
| · |
Unknown
|
| · |
Vacant
|
The
Property
Condition
field
should show the last reported condition of the property as follows:
| · |
Damaged
|
| · |
Excellent
|
| · |
Fair
|
| · |
Gone
|
| · |
Good
|
| · |
Poor
|
| · |
Special
Hazard
|
| · |
Unknown
|
Standard
File Codes - Delinquency Reporting, Continued
The
FNMA
Delinquent Reason Code
field
should show the Reason for Delinquency as follows:
|
Delinquency
Code
|
Delinquency
Description
|
|
|
001
|
FNMA-Death
of principal mortgagor
|
|
|
002
|
FNMA-Illness
of principal mortgagor
|
|
|
003
|
FNMA-Illness
of mortgagor’s family member
|
|
|
004
|
FNMA-Death
of xxxxxxxxx’s family member
|
|
|
005
|
FNMA-Marital
difficulties
|
|
|
006
|
FNMA-Curtailment
of income
|
|
|
007
|
FNMA-Excessive
Obligation
|
|
|
008
|
FNMA-Abandonment
of property
|
|
|
009
|
FNMA-Distant
employee transfer
|
|
|
011
|
FNMA-Property
problem
|
|
|
012
|
FNMA-Inability
to sell property
|
|
|
013
|
FNMA-Inability
to rent property
|
|
|
014
|
FNMA-Military
Service
|
|
|
015
|
FNMA-Other
|
|
|
016
|
FNMA-Unemployment
|
|
|
017
|
FNMA-Business
failure
|
|
|
019
|
FNMA-Casualty
loss
|
|
|
022
|
FNMA-Energy
environment costs
|
|
|
023
|
FNMA-Servicing
problems
|
|
|
026
|
FNMA-Payment
adjustment
|
|
|
027
|
FNMA-Payment
dispute
|
|
|
029
|
FNMA-Transfer
of ownership pending
|
|
|
030
|
FNMA-Fraud
|
|
|
031
|
FNMA-Unable
to contact borrower
|
|
|
INC
|
FNMA-Incarceration
|
Standard
File Codes - Delinquency Reporting, Continued
The
FNMA
Delinquent Status Code
field
should show the Status of Default as follows:
|
Status
Code
|
Status
Description
|
|
|
09
|
Forbearance
|
|
|
17
|
Pre-foreclosure
Sale Closing Plan Accepted
|
|
|
24
|
Government
Seizure
|
|
|
26
|
Refinance
|
|
|
27
|
Assumption
|
|
|
28
|
Modification
|
|
|
29
|
Charge-Off
|
|
|
30
|
Third
Party Sale
|
|
|
31
|
Probate
|
|
|
32
|
Military
Indulgence
|
|
|
43
|
Foreclosure
Started
|
|
|
44
|
Deed-in-Lieu
Started
|
|
|
49
|
Assignment
Completed
|
|
|
61
|
Second
Lien Considerations
|
|
|
62
|
Veteran’s
Affairs-No Bid
|
|
|
63
|
Veteran’s
Affairs-Refund
|
|
|
64
|
Veteran’s
Affairs-Buydown
|
|
|
65
|
Chapter
7 Bankruptcy
|
|
|
66
|
Chapter
11 Bankruptcy
|
|
|
67
|
Chapter
13 Bankruptcy
|
EXHIBIT
D
Calculation
of Realized Loss/Gain Form 332- Instruction Sheet
NOTE:
Do not net or combine items. Show all expenses individually and all credits
as
separate line items. Claim packages are due on the remittance report date.
Late
submissions may result in claims not being passed until the following month.
The
Servicer is responsible to remit all funds pending loss approval and /or
resolution of any disputed items.
| (f) |
| (g) |
The
numbers on the 332 form correspond with the numbers listed
below.
|
Liquidation
and Acquisition Expenses:
| 1. |
The
Actual Unpaid Principal Balance of the Mortgage Loan. For documentation,
an Amortization Schedule from date of default through liquidation
breaking
out the net interest and servicing fees advanced is
required.
|
| 2. | The Total Interest Due less the aggregate amount of servicing fee that would have been earned if all delinquent payments had been made as agreed. For documentation, an Amortization Schedule from date of default through liquidation breaking out the net interest and servicing fees advanced is required. |
| 3. | Accrued Servicing Fees based upon the Scheduled Principal Balance of the Mortgage Loan as calculated on a monthly basis. For documentation, an Amortization Schedule from date of default through liquidation breaking out the net interest and servicing fees advanced is required. |
4-12. Complete
as applicable. Required documentation:
*
For
taxes and insurance advances - see page 2 of 332 form - breakdown required
showing period of
coverage, base tax, interest, penalty. Advances prior to default require
evidence of servicer efforts to recover advances.
*
For
escrow advances - complete payment history (to
calculate advances from last positive escrow balance forward)
*
Other
expenses - copies of corporate advance history showing all payments
*
REO
repairs > $1500 require explanation
*
REO
repairs >$3000 require evidence of at least 2 bids.
*
Short
Sale or Charge Off require P&L supporting the decision and WFB’s approved
Officer Certificate
*
Unusual
or extraordinary items may require further documentation.
13. The
total
of lines 1 through 12.
(h) Credits:
14-21. Complete
as applicable. Required documentation:
*
Copy of
the HUD 1 from the REO sale. If a 3rd
Party
Sale, bid instructions and Escrow Agent / Attorney Letter
of
Proceeds Breakdown.
*
Copy of
EOB for any MI or gov't guarantee
*
All
other credits need to be clearly defined on the 332 form
|
22.
|
The
total of lines 14 through 21.
|
| Please Note: |
For
HUD/VA loans, use line (18a) for Part A/Initial proceeds and line
(18b)
for Part B/Supplemental proceeds.
|
Total
Realized Loss (or Amount of Any Gain)
| 23. |
The
total derived from subtracting line 22 from 13. If the amount represents
a
realized gain, show
the amount in parenthesis ( ).
|
Calculation
of Realized Loss/Gain Form 332
Prepared
by: __________________ Date:
_______________
Phone:
______________________ Email Address:_____________________
|
Servicer
Loan No.
|
Servicer
Name
|
Servicer
Address
|
XXXXX
FARGO BANK, NATIONAL ASSOCIATION Loan No.
_____________________________
Borrower's
Name: _________________________________________________________
Property
Address: _________________________________________________________
Liquidation
Type: REO Sale
3rd
Party Sale Short
Sale Charge
Off
Was
this loan granted a Bankruptcy deficiency or
cramdown Yes No
If
“Yes”,
provide deficiency or cramdown
amount _______________________________
|
Liquidation
and Acquisition Expenses:
|
|||
|
(1)
Actual
Unpaid Principal Balance of Mortgage Loan
|
$_______________
|
(1)
|
|
|
(2)
Interest
accrued at Net Rate
|
_______________
|
(2)
|
|
|
(3)
Accrued
Servicing Fees
|
_______________
|
(3)
|
|
|
(4)
Attorney's
Fees
|
_______________
|
(4)
|
|
|
(5)
Taxes
(see page 2)
|
_______________
|
(5)
|
|
|
(6)
Property
Maintenance
|
_______________
|
(6)
|
|
|
(7)
MI/Hazard
Insurance Premiums (see page 2)
|
_______________
|
(7)
|
|
|
(8)
Utility
Expenses
|
_______________
|
(8)
|
|
|
(9)
Appraisal/BPO
|
_______________
|
(9)
|
|
|
(10)
Property Inspections
|
_______________
|
(10)
|
|
|
(11)
FC Costs/Other Legal Expenses
|
_______________
|
(11)
|
|
|
(12)
Other (itemize)
|
_______________
|
(12)
|
|
|
Cash
for Keys______________________
|
_______________
|
(12)
|
|
|
HOA/Condo
Fees___________________
|
_______________
|
(12)
|
|
| ____________________________ |
_______________
|
(12)
|
|
|
|
|||
|
Total
Expenses
|
$_______________
|
(13)
|
|
|
Credits:
|
|
||
|
(14)
Escrow Balance
|
$_______________
|
(14)
|
|
|
(15)
HIP Refund
|
_______________
|
(15)
|
|
|
(16)Rental
Receipts
|
_______________
|
(16)
|
|
|
(17)
Hazard Loss Proceeds
|
_______________
|
(17)
|
|
|
(18)
Primary Mortgage Insurance / Gov’t Insurance
|
_______________
|
(18a)
|
|
| HUD Part A | |||
|
______________
|
(18b)
|
|
|
HUD
Part B
|
|
|
|
(19)
Pool Insurance Proceeds
|
______________
|
(19)
|
|
(20)
Proceeds from Sale of Acquired Property
|
______________
|
(20)
|
|
(21)
Other (itemize)
|
______________
|
(21)
|
|
_______________________________
|
______________
|
(21)
|
|
Total
Credits
|
$______________
|
(22)
|
|
Total
Realized Loss (or Amount of Gain)
|
$______________
|
(23)
|
Escrow
Disbursement Detail
|
Type
(Tax
/Ins.)
|
Date
Paid
|
Period
of Coverage
|
Total
Paid
|
Base
Amount
|
Penalties
|
Interest
|
||||||
