0001144204-07-060926 Sample Contracts

MORTGAGE LOAN PURCHASE AGREEMENT
Mortgage Loan Purchase Agreement • November 14th, 2007 • Hsi Asset Securitization Corp • Asset-backed securities • New York

This Mortgage Loan Purchase Agreement (the “Agreement”), dated as of October 30, 2007, is between HSI Asset Securitization Corporation, a Delaware corporation (the “Company”), and HSBC Bank USA, National Association, a national banking association (the “Seller”).

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ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT
Assignment, Assumption and Recognition Agreement • November 14th, 2007 • Hsi Asset Securitization Corp • Asset-backed securities • New York

This is an Assignment, Assumption and Recognition Agreement (this “AAR Agreement”) made as of October 30, 2007, among HSBC Bank, National Association (the “Assignor”), HSI Asset Securitization Corporation (the “Assignee”), Wells Fargo Bank, N.A., as master servicer (the “Master Servicer”), Deutsche Bank National Trust Company (the “Trustee”) not individually but solely as trustee on behalf of the holders of the HSI Asset Loan Obligation Trust, Series 2007-2, Asset-Backed Certificates and Greenpoint Mortgage Funding, Inc. (the “Company”).

ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT (Servicing Released/MMLPISA dated November 1, 2006)
Assignment, Assumption and Recognition Agreement • November 14th, 2007 • Hsi Asset Securitization Corp • Asset-backed securities • New York

This is an Assignment, Assumption and Recognition Agreement (this “AAR Agreement”) made as of October 30, 2007, among HSBC Bank, National Association (the “Assignor”), HSI Asset Securitization Corporation (the “Assignee”), Wells Fargo Bank, N.A. as master servicer (the “Master Servicer”), Deutsche Bank National Trust Company (the “Trustee”) not individually but solely as trustee on behalf of the HSI Asset Loan Obligation Trust 2007-2, American Home Mortgage Corp. (the “Company”) and American Home Mortgage Servicing, Inc. (the “Servicer”).

RECONSTITUTED SERVICING AGREEMENT
Servicing Agreement • November 14th, 2007 • Hsi Asset Securitization Corp • Asset-backed securities • New York

The assessment of compliance to be delivered by Wells Fargo Bank, N.A. shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”, as identified by a mark in the column titled “Applicable Servicing Criteria”:

ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT
Assignment, Assumption and Recognition Agreement • November 14th, 2007 • Hsi Asset Securitization Corp • Asset-backed securities • New York

This is an Assignment, Assumption and Recognition Agreement (this “AAR Agreement”) made as of October 30, 2007, among HSBC Bank, National Association (the “Assignor”), HSI Asset Securitization Corporation (the “Assignee”), Wells Fargo Bank, N.A. as master servicer (the “Master Servicer”), Deutsche Bank National Trust Company (the “Trustee”) not individually but solely as trustee on behalf of the HSI Asset Loan Obligation Trust 2007-2 and SunTrust Mortgage, Inc. (the “Company”).

ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT
Assignment, Assumption and Recognition Agreement • November 14th, 2007 • Hsi Asset Securitization Corp • Asset-backed securities • New York

This is an Assignment, Assumption and Recognition Agreement (this “AAR Agreement”) made as October 30, 2007, among HSBC Bank, National Association (the “Assignor”), HSI Asset Securitization Corporation (the “Assignee”), Wells Fargo Bank, N.A., as master servicer (the “Master Servicer”), Deutsche Bank National Trust Company (the “Trustee”) not individually but solely as trustee on behalf of the holders of the HSI Asset Loan Obligation Trust, Series 2007-2, Asset-Backed Certificates and HSBC Mortgage Corporation (USA) (the “Company”).

HSI ASSET SECURITIZATION CORPORATION, Depositor, WELLS FARGO BANK, N.A., Master Servicer, WELLS FARGO BANK, N.A., Securities Administrator WELLS FARGO BANK, N.A., Custodian, and DEUTSCHE BANK NATIONAL TRUST COMPANY, Trustee POOLING AND SERVICING...
Pooling and Servicing Agreement • November 14th, 2007 • Hsi Asset Securitization Corp • Asset-backed securities • New York

THIS POOLING AND SERVICING AGREEMENT, dated as of October 1, 2007, among HSI ASSET SECURITIZATION CORPORATION, as depositor (the “Depositor”), WELLS FARGO BANK, N.A., a national banking association, as master servicer (the “Master Servicer”), securities administrator ( the “Securities Administrator”), and custodian (the “Custodian”) and DEUTSCHE BANK NATIONAL TRUST COMPANY, a national banking association, as trustee (the “Trustee”).

ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT
Assignment, Assumption and Recognition Agreement • November 14th, 2007 • Hsi Asset Securitization Corp • Asset-backed securities • New York

This is an Assignment, Assumption and Recognition Agreement (this “AAR Agreement”) made as of October 30, 2007, among HSBC Bank USA, National Association (the “Assignor”), HSI Asset Securitization Corporation (the “Depositor”), Countrywide Home Loans Servicing LP (the “Servicer”) and Countrywide Home Loans, Inc. (the “Company”), Wells Fargo Bank, N.A., as master servicer (in such capacity, the “Master Servicer”) and Deutsche Bank National Trust Company, not individually but solely as trustee on behalf of the HSI Asset Loan Obligation Trust 2007-2 (the “Assignee”).

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