Required Loss Percentage. For any Distribution Date, the applicable percentage for such Distribution Date set forth in the following table: DISTRIBUTION DATE OCCURRING IN REQUIRED LOSS PERCENTAGE ------------------------------ ------------------------ May 2007 - April 2008 3.00% with respect to May 2007, plus an additional 1/12 of 1.50% for each month thereafter May 2008 - April 2009 4.50% with respect to May 2008, plus an additional 1/12 of 1.00% for each month thereafter May 2009 - April 2010 5.50% with respect to May 2009, plus an additional 1/12 of 0.25% for each month thereafter May 2010 and thereafter 5.75% Required Percentage: As of any Distribution Date following a Stepdown Date, the quotient of (1) the excess of (A) the Stated Principal Balances of the Mortgage Loans as of such Distribution Date, over (B) the Certificate Principal Balance of the most senior Class of Certificates outstanding, prior to giving effect to distributions to be made on such Distribution Date and (2) the Stated Principal Balance of the Mortgage Loans as of such Distribution Date.

Required Loss Percentage. For any Distribution Date, the applicable percentage for such Distribution Date set forth in the following table: Distribution Date Occurring In Required Loss Percentage Required Loss Percentage --------------------------- ------------------------ September 2008 - August 2009 2.00% with respect to September 2008, plus an additional 1/12th of 0.75% for each month thereafter September 2009 - August 2010 2.75% with respect to September 2009, plus an additional 1/12th of 0.50% for each month thereafter September 2010 - August 2011 3.25% with respect to September 2010, plus an additional 1/12th of 0.25% for each month thereafter September 2011 and thereafter 3.50% Required Percentage: As of any Distribution Date on or after the Stepdown Date, the quotient of (1) the excess of (A) the Stated Principal Balances of the Mortgage Loans as of such Distribution Date, over (B) the Certificate Principal Balance of the most senior Class of Certificates outstanding, prior to giving effect to distributions to be made on such Distribution Date and (2) the Stated Principal Balance of the Mortgage Loans as of such Distribution Date.

Required Loss Percentage. For any Distribution Date, the applicable percentage for such Distribution Date set forth in the following table: June 2008 – May 2009 0.75% with respect to June 2008, plus an additional 1/12th of 0.25% for each month thereafter June 2009 – May 2010 1.00% with respect to June 2009, plus an additional 1/12th of 0.25% for each month thereafter June 2010 – May 2011 1.25% with respect to June 2010, plus an additional 1/12th of 0.15% for each month thereafter June 2011 and thereafter 1.40%

More Definitions of Required Loss Percentage

Required Loss Percentage. With respect to any Payment Date, the applicable percentage for such Payment Date as set forth in the following table: July 2008 to June 2009 1.45% with respect to July 2008, plus an additional 1/12th of 1.80% for each month thereafter July 2009 to June 2010 3.25% with respect to July 2009, plus an additional 1/12th of 1.80% for each month thereafter July 2010 to June 2011 5.05% with respect to July 2010, plus an additional 1/12th of 1.50% for each month thereafter July 2011 to June 2012 6.55% with respect to July 2011, plus an additional 1/12th of 0.75% for each month thereafter July 2012 and thereafter 7.30%

Required Loss Percentage. With respect to any Payment Date, the applicable percentage for such Payment Date as set forth in the following table: November 2008 to October 2009 1.45% with respect to November 2008, plus an additional 1/12th of 1.80% for each month thereafter November 2009 to October 2010 3.25% with respect to November 2009, plus an additional 1/12th of 1.85% for each month thereafter November 2010 to October 2011 5.10% with respect to November 2010, plus an additional 1/12th of 1.45% for each month thereafter November 2011 to October 2012 6.55% with respect to November 2011, plus an additional 1/12th of 0.75% for each month thereafter November 2012 and thereafter 7.30%

Required Loss Percentage. For any Distribution Date, the applicable percentage for such Distribution Date set forth in the following table: DISTRIBUTION DATE OCCURRING IN REQUIRED LOSS PERCENTAGE ------------------------------ ------------------------ March 2008 - February 2009 5.00% with respect to March 2008, plus an additional 1/12th of 3.25% for each month thereafter March 2009 - February 2010 8.25% with respect to March 2009, plus an additional 1/12th of 2.00% for each month thereafter March 2010 - February 2011 10.25% with respect to March 2010, plus an additional 1/12th of 1.50% for each month thereafter March 2011 - February 2012 11.75% with respect to March 2011, plus an additional 1/12th of 0.75% for each month thereafter March 2012 - February 2013 12.50% with respect to March 2012, plus an additional 1/12th of 0.75% for each month thereafter Required Percentage: As of any Distribution Date following a Stepdown Date, the quotient of (1) the excess of (A) the Stated Principal Balances of the Mortgage Loans as of such Distribution Date, over (B) the Certificate Principal Balance of the most senior Class of Certificates outstanding, prior to giving effect to distributions to be made on such Distribution Date and (2) the Stated Principal Balance of the Mortgage Loans as of such Distribution Date.

Required Loss Percentage. With respect to any Payment Date, the applicable percentage for such Payment Date as set forth in the following table: [ ] 2007 through [ ] 2008 [ ]% with respect to [ ] 2007, plus an additional 1/12th of [ ]% for each month thereafter [ ] 2008 through [ ] 2009 [ ]% with respect to [ ], plus an additional 1/12th of [ ]% for each month thereafter [ ] 2009 through [ ] 2010 [ ]% with respect to [ ], plus an additional 1/12th of [ ]% for each month thereafter [ ] 2010 and thereafter [ ]%

Required Loss Percentage. With respect to any Payment Date, the applicable percentage for such Payment Date as set forth in the following table: Payment Date Required Loss Percentage ------------------------------ ----------------------------------------------- December 2007 to November 2008 1.60% with respect to December 2007, plus an additional 1/12th of 1.95% for each month thereafter December 2008 to November 2009 3.55% with respect to December 2008, plus an additional 1/12th of 1.45% for each month thereafter December 2009 to November 2010 5.00% with respect to December 2009, plus an additional 1/12th of 1.00% for each month thereafter December 2010 to November 2011 6.00% with respect to December 2010, plus an additional 1/12th of 0.25% for each month thereafter December 2011 and thereafter 6.25%

Required Loss Percentage definition

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