OMB Number: 3235-0675
Expires: March 31, 2014
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM ABS-15G/A
ASSET-BACKED SECURITIZER
REPORT PURSUANT TO SECTION 15G OF
THE SECURITIES EXCHANGE ACT OF 1934
ACE Securities Corp.
Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:
X Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period January 1, 2012 to March 31, 2012.
Date of Report (Date of filing): October 9, 2012
Commission File Number of securitizer: 025-01082
Central Index Key Number of securitizer: 0001063292
Karla L. Boyd
(704) 365-0569
Name
and telephone number, including area code, of the persons to
contact in connection with this filing.
Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) [ ]
Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) [ ]
Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) [ ]
REPRESENTATION AND WARRANTY INFORMATION
Item 1.02 Periodic Filing of Rule 15Ga-1 Representations and Warranties Disclosure
The disclosures required by Rule 15Ga-1 (17 CFR 240.15Ga-1) are attached as Exhibits to this Form ABS-15G. Please see Exhibit 99.1 and Exhibit 99.2 for the related information.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ACE SECURITIES CORP. | |
| Date: October 9, 2012 | /s/ Karla L. Boyd |
| Name: Karla L. Boyd | |
| Title: President |
EXHIBIT INDEX
Exhibit Number
99.1 Table for Form ABS-15G (Repurchase reporting)
99.2 Explanatory Notes
| Name of Issuing Entity | Checked if Registered | Name of Originator | Total Assets in ABS by Originator | Assets That Were Subject of Demand | Assets That were Repurchased or Replaced | Assets Pending Repurchase or Replacement (within Cure Period) | Demand In Dispute | Demand Withdrawn | Demand Rejected | ||||||||||||||
| (a) | (b) | (c ) | # (d) | $ (e) | (% of Principal balance) (f) | # (g) | $ (h) | (% of Principal balance) (i) | # (j) | $ (k) | (% of Principal balance) (l) | # (m) | $ (n) | (% of Principal balance) (o) | # (p) | $ (q) | (% of Principal balance) (r) | # (s) | $ (t) | (% of Principal balance) (u) | # (v) | $ (w) | (% of Principal balance) (x) |
| ACE 2006-HE2 | X | ACOUSTIC | 287 | $49,074,047.27 | 5.22% | 6 | $82,841.20 | 0.04% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 6 | $82,841.20 | 0.04% | 0 | $ - | 0.00% | 0 | $ - | 0.00% |
| AMERICAN HOME LOANS | 53 | $9,044,210.35 | 0.96% | 1 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 1 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| AMERIQUEST | 1,669 | $317,713,354.61 | 33.81% | 65 | $1,046,487.85 | 0.51% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 65 | $1,046,487.85 | 0.51% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| CENTENNIAL MORTGAGE & FUNDING | 12 | $1,380,848.72 | 0.15% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| CHAPEL | 532 | $101,161,679.10 | 10.77% | 14 | $114,648.07 | 0.06% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 14 | $114,648.07 | 0.06% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| CIT | 668 | $101,126,709.10 | 10.76% | 14 | $1,145,885.27 | 0.55% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 14 | $1,145,885.27 | 0.55% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| COMUNITY LENDING | 22 | $2,643,196.86 | 0.28% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| EMPIRE BANCORP | 19 | $4,099,209.77 | 0.44% | 1 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 1 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| EQUITY RESOURCES | 8 | $937,357.61 | 0.10% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| FIRST CONSOLIDATED MORTGAGE CO | 14 | $1,205,969.88 | 0.13% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| FIRST FINANCIAL EQ | 13 | $3,341,524.86 | 0.36% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| FIRST NLC | 534 | $87,929,906.66 | 9.36% | 1 | $142,131.75 | 0.07% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 1 | $142,131.75 | 0.07% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| FIRST STREET | 75 | $20,021,170.61 | 2.13% | 3 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 3 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| FRANKLINBANK | 54 | $6,640,879.40 | 0.71% | 2 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 2 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| LENDERSDIRECT | 186 | $31,969,925.05 | 3.40% | 26 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 26 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| LIBERTY AMERICAN | 128 | $26,374,512.66 | 2.81% | 7 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 7 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| MAXIM MORTGAGE CORP | 14 | $2,394,840.25 | 0.25% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| METROCITI | 155 | $29,623,880.35 | 3.15% | 1 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 1 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| MILLENNIUM | 126 | $28,848,068.26 | 3.07% | 24 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 24 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| MORTGAGE IT | 82 | $15,412,677.67 | 1.64% | 6 | $735,457.78 | 0.36% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 6 | $735,457.78 | 0.36% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| OWNIT | 4 | $783,035.82 | 0.08% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| PINNACLE DIRECT | 2 | $549,726.42 | 0.06% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| PINNACLE FINANCIAL | 19 | $3,312,427.35 | 0.35% | 1 | $293,909.50 | 0.14% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 1 | $293,909.50 | 0.14% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| PROTO FUND | 23 | $5,293,808.22 | 0.56% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| SEBRING | 213 | $18,417,453.84 | 1.96% | 16 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 16 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| SILVER STATE | 7 | $1,466,136.40 | 0.16% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| TOWN & COUNTRY | 279 | $68,801,517.55 | 7.32% | 2 | $119,911.54 | 0.06% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 2 | $119,911.54 | 0.06% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| ACE 2006-HE2 Total | 5,198 | $939,568,074.64 | 100.00% | 190 | $3,681,272.96 | 1.78% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 190 | $3,681,272.96 | 1.78% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| ACE 2006-SL2 | X | ALLSTATE FUNDING | 51 | $3,697,851.12 | 0.69% | 18 | $44,939.55 | 0.13% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 18 | $44,939.55 | 0.13% | 0 | $ - | 0.00% | 0 | $ - | 0.00% |
| ALTERNA MTG | 16 | $583,783.44 | 0.11% | 1 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 1 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| AMERIQUEST | 9 | $504,673.08 | 0.09% | 3 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 3 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| FIRST FINANCIAL EQ | 15 | $1,171,897.70 | 0.22% | 1 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 1 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| FREMONT | 2,653 | $164,369,217.31 | 30.53% | 358 | $133,535.00 | 0.37% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 358 | $133,535.00 | 0.37% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| LIME FINANCIAL | 166 | $13,020,811.75 | 2.42% | 16 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 16 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| LONG BEACH | 5,532 | $323,964,463.10 | 60.17% | 482 | $341,987.29 | 0.95% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 482 | $341,987.29 | 0.95% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| MILLENNIUM | 51 | $3,016,265.55 | 0.56% | 6 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 6 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| MORTGAGE IT | 159 | $14,655,153.28 | 2.72% | 8 | $57,426.04 | 0.16% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 8 | $57,426.04 | 0.16% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| NEW CENTURY | 5 | $277,287.86 | 0.05% | 1 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 1 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| NEW YORK MORTGAGE | 2 | $89,223.94 | 0.02% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| SILVER STATE | 107 | $6,700,041.87 | 1.24% | 17 | $200,801.73 | 0.56% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 17 | $200,801.73 | 0.56% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| STEWARD FINANCIAL | 49 | $6,341,238.82 | 1.18% | 4 | $23,286.54 | 0.06% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 4 | $23,286.54 | 0.06% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| ACE 2007-HE1 Total | 8,815 | $538,391,908.82 | 100.00% | 915 | $801,976.15 | 2.23% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 915 | $801,976.15 | 2.23% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| ACE 2007-HE1 | X | 2CI DIRECT, LLC | 6 | $1,919,303.91 | 0.20% | 1 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 1 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% |
| ACT LENDING CORPORATION | 19 | $4,457,325.58 | 0.47% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| ADVANTAGE ONE MORTGAGE CORP | 1 | $179,946.54 | 0.02% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| ADVENT MORTGAGE, LLC | 2 | $72,123.04 | 0.01% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| ALLIANCE BANC CORP | 44 | $14,678,493.33 | 1.54% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| ALLSTATE HOME LOANS, INC | 2 | $522,226.27 | 0.05% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| AMERICAN HOME MORTGAGE | 1 | $63,076.83 | 0.01% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| AMSTAR | 2 | $192,277.63 | 0.02% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| APREVA, INC | 1 | $246,229.71 | 0.03% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| BAYROCK MORTGAGE CORP | 107 | $17,493,171.70 | 1.84% | 5 | $172,020.20 | 0.06% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 5 | $172,020.20 | 0.06% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| BEST RATE FUNDING | 14 | $2,178,341.31 | 0.23% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| CAPITOL MORTGAGE SERVICES, INC | 10 | $1,349,232.24 | 0.14% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| CENTENNIAL MORTGAGE & FUNDING | 1 | $33,931.64 | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| CHAPEL FUNDING | 1,882 | $446,234,689.10 | 46.91% | 128 | $4,957,228.99 | 1.81% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 128 | $4,957,228.99 | 1.81% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| CHARLOTTE HOME | 15 | $295,055.77 | 0.03% | 1 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 1 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| COLUMBIA HOME LOANS, LLC | 73 | $22,254,832.47 | 2.34% | 7 | $2,135,492.56 | 0.78% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 7 | $2,135,492.56 | 0.78% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| CYPRESS POINT FUNDING | 1 | $72,638.02 | 0.01% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| DCG HOME LOANS, INC | 1 | $142,052.00 | 0.01% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| DHI MORTGAGE COMPANY | 28 | $3,198,329.15 | 0.34% | 1 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 1 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| DUXFORD FINANCIAL | 1 | $282,646.98 | 0.03% | 1 | $184,074.04 | 0.07% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 1 | $184,074.04 | 0.07% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| EAGLE MORTGAGE | 4 | $237,396.09 | 0.02% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| EQUITY RESOURCES | 38 | $4,310,474.43 | 0.45% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| FAIRFIELD FINANCIAL | 2 | $608,096.88 | 0.06% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| FIRST CONSOLIDATED MORTGAGE CO | 91 | $8,615,924.45 | 0.91% | 3 | $36,037.88 | 0.01% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 3 | $36,037.88 | 0.01% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| FIRST HOME MORTGAGE CORP | 17 | $4,382,205.08 | 0.46% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| FIRST INTERSTATE FINANCIAL CORP | 9 | $1,772,455.71 | 0.19% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| FRANKLIN FIRST FINANCIAL | 48 | $9,629,567.44 | 1.01% | 4 | $366,675.79 | 0.13% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 4 | $366,675.79 | 0.13% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| FREMONT | 1 | $146,219.06 | 0.02% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| HOME LOAN CENTER | 2 | $358,839.15 | 0.04% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| HOME MORTGAGE RESOURCES | 1 | $230,939.82 | 0.02% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| HORIZON DIRECT, INC | 8 | $3,112,135.21 | 0.33% | 1 | $1,277,378.85 | 0.47% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 1 | $1,277,378.85 | 0.47% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| INVESTAID CORPORATION | 117 | $11,852,904.67 | 1.25% | 6 | $285,813.18 | 0.10% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 6 | $285,813.18 | 0.10% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| LIBERTY AMERICAN | 94 | $20,389,259.67 | 2.14% | 2 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 2 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| MANDALAY MORTGAGE | 59 | $12,212,306.75 | 1.28% | 2 | $111,541.41 | 0.04% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 2 | $111,541.41 | 0.04% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| MAXIM MORTGAGE CORP | 3 | $249,008.59 | 0.03% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| METROCITI MORTGAGE LLC | 42 | $7,711,294.74 | 0.81% | 3 | $332,137.55 | 0.12% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 3 | $332,137.55 | 0.12% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| MONTGOMERY MORTGAGE CAPITAL, I | 13 | $2,339,239.42 | 0.25% | 1 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 1 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| MOORE FINANCIAL | 2 | $64,946.54 | 0.01% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| MORTGAGE CORPORATION OF AMERIC | 1 | $87,942.61 | 0.01% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| NATIONS ONE MORTGAGE COMPANY | 14 | $3,013,281.27 | 0.32% | 2 | $259,514.77 | 0.09% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 2 | $259,514.77 | 0.09% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| NOVELLE FINANCIAL SERVICES | 2 | $319,663.69 | 0.03% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| PATHWAY FINANCIAL | 1 | $59,988.00 | 0.01% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| PRAJNA GROUP | 3 | $93,773.79 | 0.01% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| PRIORITY FINANCIAL NETWORK | 4 | $2,286,002.52 | 0.24% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| PROTO FUND | 9 | $1,904,076.26 | 0.20% | 2 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 2 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| REAL ESTATE MORTGAGE NETWORK | 53 | $11,030,972.95 | 1.16% | 1 | $378,844.39 | 0.14% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 1 | $378,844.39 | 0.14% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| SAVINGS FIRST MORTGAGE, LLC | 1 | $149,829.06 | 0.02% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| SEBRING CAPITAL | 2,350 | $324,592,901.64 | 34.12% | 103 | $4,516,843.58 | 1.65% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 103 | $4,516,843.58 | 1.65% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| SIERRA PACIFIC | 10 | $1,313,014.13 | 0.14% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| SOUTH LAKE MORTGAGE BANKERS, INC | 2 | $548,101.56 | 0.06% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| UNITED FEDERAL | 1 | $28,147.69 | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| UNIVERSAL FINANCIAL GROUP INC | 2 | $237,154.22 | 0.02% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| WR STARKEY MORTGAGE, LLP | 1 | $26,289.09 | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| ZONE FUNDING | 6 | $1,426,761.60 | 0.15% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| ACE 2007-HE1 Total | 5,222 | $951,207,037.00 | 100.00% | 274 | $15,013,603.19 | 5.49% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 274 | $15,013,603.19 | 5.49% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| ACE 2007-HE3 | X | RESMAE | 3,386 | $615,416,605.32 | 100.00% | 2230 | $93,640,453.06 | 60.75% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 2230 | $93,640,453.06 | 60.75% | 0 | $ - | 0.00% | 0 | $ - | 0.00% |
| ACE 2007-HE3 Total | 3,386 | $615,416,605.32 | 100.00% | 2230 | $93,640,453.06 | 60.75% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 2230 | $93,640,453.06 | 60.75% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
| Total: | 22,621 | $3,044,583,625.78 | 100.00% | 3,609 | $113,137,305.36 | 16.88% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | 3,609 | $113,137,305.36 | 16.88% | 0 | $ - | 0.00% | 0 | $ - | 0.00% | ||
Exhibit 99.2
ABS-15G Explanatory Notes
We have attempted to gather the information required by this Form ABS-15G and Rule 15Ga-1 by, among other things, (i) identifying asset-backed securities transactions that fall within the scope of Rule 15Ga-1 for which we are a securitizer and that are not covered by a filing to be made by an affiliated securitizer (“Covered Transactions”), (ii) gathering information in our records regarding demands for repurchase or replacement of pool assets in Covered Transactions for breaches of representations or warranties concerning those pool assets (“Repurchases”) that are required to be reported on Form ABS-15G (“Reportable Information”), (iii) identifying, based on our records, the parties in Covered Transactions that have a contractual obligation to enforce any Repurchase obligations of the party or parties making those representations or warranties (“Demand Entities”), and (iv) requesting all Reportable Information from trustees and other Demand Entities that is within their respective possession and which has not been previously provided to us. However, we cannot be certain that we have obtained all applicable Reportable Information because, among other things, some Demand Entities have not agreed to provide Reportable Information or may not have provided complete Reportable Information, and some Demand Entities may be unable or unwilling to provide Reportable Information without unreasonable effort or expense (or without imposing unreasonable expense on us). The information in this Form ABS-15G has not been verified by any third party.
In many cases, the entity identified as “Originator” is the entity that sold the assets to the sponsor, based on the sponsor’s records. This entity may or may not be the originator of the assets. The securitizer is not able to obtain further information as to the identity of the originator without unreasonable effort or expense. (For columns c-f)
Data about “Total Assets in ABS by Originator” is based on outstanding principal balances of assets in the ABS at the time of securitization, and includes pre-funded assets. (For columns d-f)
Assets included in “Assets That Were Subject of Demand” include assets where a demand was made during the reporting period or where a demand was made prior to the reporting period and there was activity occurring during the reporting period. (For columns g-i). The outstanding principal balance of each asset in these columns (and all columns to the right) is based on the end of the reporting period or the most recent balance available for assets that remain in the pool at that time or if an asset has been charged off, liquidated or otherwise removed from the pool prior to or during a reporting period, the corresponding outstanding principal balance used in calculating columns (h) through (x) shall be zero.
“Assets Pending Repurchase or Replacement” includes only assets for which a decision to repurchase, replace or make-whole (if required) had been approved during the reporting period but such action has not been completed, and are shown without regard to cure period status. (For columns m-o)
“Demand in Dispute” includes assets for which a decision to dispute the demand was made during the reporting period and assets for which the securitizer made, or intended to make, during the reporting period a request for further information about a demand previously presented. If a demand has been rejected, it will not be considered to be in dispute absent a subsequent communication or other indication that the demand remains in dispute. (For columns p-r)
For assets where more than one activity occurred during the reporting period, only the most recent activity is reported above, provided that an asset subject to a demand to repurchase may be listed in both the “Assets That Were Subject to Demand” column as well as an additional column showing the most recent activity or status during the reporting period. No asset is included in the information provided unless at least one activity described above occurred during the reporting period.