UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 1, 2012
Commission File Number of issuing entity:
333-179292-04
SEQUOIA MORTGAGE TRUST 2012-5
(Exact name of issuing entity)
Commission File Number of depositor:
333-179292-01
SEQUOIA RESIDENTIAL FUNDING, INC.
(Exact name of depositor as specified in its charter)
RWT HOLDINGS, INC. (Sponsor)
(Exact name of sponsor/seller as specified in its charter)
DELAWARE | None | |
(State or other jurisdiction | (I.R.S. employer | |
of incorporation) | identification no.) |
One Belvedere Place, Suite 330, Mill Valley, CA | 94941 | |
(Address of principal executive offices) | (Zip code) |
Registrant’s telephone number, including area code (415) 389-7373
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 | Other Events. |
On October 30, 2012, Sequoia Residential Funding, Inc. (the “Depositor”) will cause the issuance and sale of the Sequoia Mortgage Trust 2012-5 Mortgage Pass-Through Certificates, Series 2012-5, Class A, Class A-IO, Class B-1, Class B-2 and Class B-3 Certificates (the “Certificates”), in the approximate aggregate principal amount of $314,412,000, pursuant to a Pooling and Servicing Agreement, dated as of October 1, 2012, by and among the Depositor, Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee (in such capacity, the “Trustee”), and Wells Fargo Bank, N.A., as master servicer (the “Master Servicer”) and securities administrator (the “Securities Administrator”). Certain Certificates were sold by the Depositor to RBS Securities Inc., as underwriter, pursuant to the Underwriting Agreement dated October 24, 2012. The mortgage loans were sold to Redwood Residential Acquisition Corporation (the “Seller”) and/or are being serviced pursuant to
(i) a Flow Mortgage Loan Sale and Servicing Agreement (the “FRB Sale and Servicing Agreement”), dated as of July 1, 2010, between the Seller and First Republic Bank (“FRB”),
(ii) a Mortgage Loan Flow Purchase, Sale and Servicing Agreement (the “PHH Sale and Servicing Agreement”), dated as of July 21, 2010, between the Seller and PHH Mortgage Corporation (“PHH”),
(iii) a Flow Mortgage Loan Servicing Agreement (the “Cenlar Servicing Agreement” and, together with the FRB Sale and Servicing Agreement and the PHH Sale and Servicing Agreement, the “Servicing Agreements”), dated as of November 3, 2011, between the Seller and Cenlar FSB (“Cenlar”),
(iv) a Flow Mortgage Loan Purchase and Sale Agreement, dated as of January 30, 2011, between the Seller and PrimeLending, a PlainsCapital Company (“PrimeLending”),
(v) a Flow Mortgage Loan Purchase and Sale Agreement, dated as of May 23, 2011, between the Seller and Flagstar Capital Markets Corporation (“Flagstar”),
(vi) a Flow Mortgage Loan Purchase and Sale Agreement, dated as of September 1, 2011, between the Seller and Cornerstone Mortgage Company (“Cornerstone”), and
(vii) various other Flow Mortgage Loan Purchase and Sale Agreements with various originators (collectively, the agreements specified in clauses (i) and (ii) and (iv) through (vi), the “Purchase Agreements”).
In connection with the offering of the Certificates, the Seller and the Depositor will enter into a Mortgage Loan Purchase and Sale Agreement, pursuant to which the Seller will convey to the Depositor all of its interest in the mortgage loans. The Seller will assign its rights under each Servicing Agreement and each Purchase Agreement with respect to the related mortgage loans to the Depositor, and the Depositor will assign such rights to the Trustee for the benefit of the holders of the Certificates, in each case pursuant to an Assignment, Assumption and Recognition Agreement or an Assignment of Representations and Warranties, as applicable, dated as of October 30, 2012, among the Seller, the Depositor, the Trustee and the respective Servicer or Originator. Wells Fargo Bank, N.A. will maintain custody of the mortgage files relating to the mortgage loans on behalf of Sequoia Mortgage Trust 2012-5, pursuant to a Custodial Agreement, dated as of October 1, 2012, among Wells Fargo Bank, N.A., as custodian, the Depositor, the Master Servicer, the Seller and the Trustee.
Item 9.01 | Financial Statements and Exhibits. |
(a) Not applicable
(b) Not applicable
(c) Not applicable.
(d) Exhibits: The following final versions or final executed version of Exhibits to the Form S-3 Registration Statement of the Registrant are hereby filed:
Exhibit
Number
10.1 Pooling and Servicing Agreement, dated as of October 1, 2012, by and among Sequoia Residential Funding, Inc., as depositor, Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee and Wells Fargo Bank, N.A., as master servicer and securities administrator.
10.2 Final executed Engagement Agreement, dated September 21, 2012, among Redwood Trust, Inc., RWT Holdings, Inc. and RBS Securities Inc.
10.3 Final executed Underwriting Agreement, dated October 24, 2012, among Redwood Trust, Inc., Redwood Residential Acquisition Corporation, Sequoia Residential Funding, Inc. and RBS Securities Inc.
10.4 Final executed Flow Mortgage Loan Sale and Servicing Agreement, dated as of July 1, 2010, between Redwood Residential Acquisition Corporation, as purchaser, and First Republic Bank, as seller and servicer.
10.5 Assignment, Assumption and Recognition Agreement, dated as of October 30, 2012, among Redwood Residential Acquisition Corporation, as assignor, Sequoia Residential Funding, Inc., as depositor, Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee, and First Republic Bank, as servicer.
10.6 Final executed Mortgage Loan Flow Purchase, Sale and Servicing Agreement, dated as of July 21, 2010, between Redwood Residential Acquisition Corporation, as purchaser, and PHH Mortgage Corporation, as seller and servicer.
10.7 Assignment, Assumption and Recognition Agreement, dated as of October 30, 2012, among Redwood Residential Acquisition Corporation, as assignor, Sequoia Residential Funding, Inc., as depositor, Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee, and PHH Mortgage Corporation, as servicer.
10.8 Final executed Flow Mortgage Loan Servicing Agreement, dated as of November 3, 2011, by and between Redwood Residential Acquisition Corporation, as initial purchaser, and Cenlar FSB, as servicer.
10.9 Assignment, Assumption and Recognition Agreement, dated as of October 30, 2012, among Redwood Residential Acquisition Corporation, as assignor, Sequoia Residential Funding, Inc., as depositor, Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee, and Cenlar FSB, as servicer.
10.10 Final executed Flow Mortgage Loan Purchase and Sale Agreement, dated as of January 30, 2011, between Redwood Residential Acquisition Corporation, as purchaser and PrimeLending, a PlainsCapital Company, as seller.
10.11 Assignment of Representations and Warranties Agreement, dated as of October 30, 2012, among Redwood Residential Acquisition Corporation, as assignor, Sequoia Residential Funding, Inc., as depositor, Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee, and PrimeLending, a PlainsCapital Company, as seller.
10.12 Final executed Flow Mortgage Loan Purchase and Sale Agreement, dated as of May 23, 2011, between Redwood Residential Acquisition Corporation, as purchaser and Flagstar Capital Markets Corporation, as seller.
10.13 Assignment of Representations and Warranties Agreement, dated as of October 30, 2012, among Redwood Residential Acquisition Corporation, as assignor, Sequoia Residential Funding, Inc., as depositor, Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee, and Flagstar Capital Markets Corporation, as seller.
10.14 Final executed Flow Mortgage Loan Purchase and Sale Agreement, dated as of September 1, 2011, between Redwood Residential Acquisition Corporation and Cornerstone Mortgage Company, as seller.
10.15 Assignment of Representations and Warranties Agreement, dated as of October 30, 2012, among Redwood Residential Acquisition Corporation, as assignor, Sequoia Residential Funding, Inc., as depositor, Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee, and Cornerstone Mortgage Company, as seller.
10.16 Mortgage Loan Purchase and Sale Agreement, dated as of October 30, 2012, between Redwood Residential Acquisition Corporation, as seller, and Sequoia Residential Funding, Inc., as depositor.
10.17 Custodial Agreement, dated as of October 1, 2012, among Wells Fargo Bank, N.A., as custodian and master servicer, Redwood Residential Acquisition Corporation, as seller, Sequoia Residential Funding, Inc., as depositor, and Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
SEQUOIA RESIDENTIAL FUNDING, INC. | ||
By: | /s/ John Isbrandtsen | |
Name: John Isbrandtsen | ||
Title: Authorized Officer | ||
Dated: October 30, 2012 |
Exhibit 10.1
Pooling and Servicing Agreement, dated as of October 1, 2012, by and among Sequoia Residential Funding, Inc., as depositor, Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee and Wells Fargo Bank, N.A., as master servicer and securities administrator.
Exhibit 10.2
Engagement Agreement, dated September 21, 2012, among Redwood Trust, Inc., RWT Holdings, Inc. and RBS Securities Inc.
Exhibit 10.3
Final executed Underwriting Agreement, dated October 24, 2012, among Redwood Trust, Inc., Redwood Residential Acquisition Corporation, Sequoia Residential Funding, Inc. and RBS Securities Inc.
Exhibit 10.4
Final executed Flow Mortgage Loan Sale and Servicing Agreement, dated as of July 1, 2010, between Redwood Residential Acquisition Corporation, as purchaser, and First Republic Bank, as seller and servicer.
Exhibit 10.5
Assignment, Assumption and Recognition Agreement, dated as of October 30, 2012, among Redwood Residential Acquisition Corporation, as assignor, Sequoia Residential Funding, Inc., as depositor, Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee, and First Republic Bank, as servicer.
Exhibit 10.6
Final executed Mortgage Loan Flow Purchase, Sale and Servicing Agreement, dated as of July 21, 2010, between Redwood Residential Acquisition Corporation, as purchaser, and PHH Mortgage Corporation, as seller and servicer.
Exhibit 10.7
Assignment, Assumption and Recognition Agreement, dated as of October 30, 2012, among Redwood Residential Acquisition Corporation, as assignor, Sequoia Residential Funding, Inc., as depositor, Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee, and PHH Mortgage Corporation, as servicer.
Exhibit 10.8
Final executed Flow Mortgage Loan Servicing Agreement, dated as of November 3, 2011, by and between Redwood Residential Acquisition Corporation, as initial purchaser Cenlar FSB, as servicer.
Exhibit 10.9
Assignment, Assumption and Recognition Agreement, dated as of October 30, 2012, among Redwood Residential Acquisition Corporation, as assignor, Sequoia Residential Funding, Inc., as depositor, Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee, and Cenlar FSB, as servicer.
Exhibit 10.10
Final executed Flow Mortgage Loan Purchase and Sale Agreement, dated as of January 30, 2011, between Redwood Residential Acquisition Corporation, as purchaser and PrimeLending, a PlainsCapital Company, as seller.
Exhibit 10.11
Assignment of Representations and Warranties Agreement, dated as of October 30, 2012, among Redwood Residential Acquisition Corporation, as assignor, Sequoia Residential Funding, Inc., as depositor, Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee, and PrimeLending, a PlainsCapital Company, as seller.
Exhibit 10.12
Final executed Flow Mortgage Loan Purchase and Sale Agreement, dated as of May 23, 2011, between Redwood Residential Acquisition Corporation, as purchaser and Flagstar Capital Markets Corporation, as seller.
Exhibit 10.13
Assignment of Representations and Warranties Agreement, dated as of October 30, 2012, among Redwood Residential Acquisition Corporation, as assignor, Sequoia Residential Funding, Inc., as depositor, Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee, and Flagstar Capital Markets Corporation, as seller.
Exhibit 10.14
Final executed Flow Mortgage Loan Purchase and Sale Agreement, dated as of September 1, 2011, between Redwood Residential Acquisition Corporation and Cornerstone Mortgage Company, as seller.
Exhibit 10.15
Assignment of Representations and Warranties Agreement, dated as of October 30, 2012, among Redwood Residential Acquisition Corporation, as assignor, Sequoia Residential Funding, Inc., as depositor, Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee, and Cornerstone Mortgage Company, as seller.
Exhibit 10.16
Mortgage Loan Purchase and Sale Agreement, dated as of October 30, 2012, between Redwood Residential Acquisition Corporation, as seller, and Sequoia Residential Funding, Inc., as depositor.
Exhibit 10.17
Custodial Agreement, dated as of October 1, 2012, among Wells Fargo Bank, N.A., as custodian and master servicer, Redwood Residential Acquisition Corporation, as seller, Sequoia Residential Funding, Inc., as depositor, and Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee.
EXHIBIT 10.1
EXECUTION COPY
SEQUOIA RESIDENTIAL FUNDING, INC.
Depositor
WELLS FARGO BANK, N.A.
Master Servicer and Securities Administrator
and
CHRISTIANA TRUST, A DIVISION OF
WILMINGTON SAVINGS FUND SOCIETY, FSB
Trustee
POOLING AND SERVICING AGREEMENT
dated as of October 1, 2012
SEQUOIA MORTGAGE TRUST 2012-5
TABLE OF CONTENTS
ARTICLE I DEFINITIONS | 8 | |
Section 1.01 | Definitions | 8 |
Section 1.02 | Calculations Respecting Mortgage Loans | 30 |
ARTICLE II DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES | 31 | |
Section 2.01 | Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans | 31 |
Section 2.02 | Acceptance of Trust Fund by Trustee; Review of Documentation for Trust Fund | 31 |
Section 2.03 | Representations and Warranties of the Depositor | 32 |
Section 2.04 | Discovery of Seller Breach; Repurchase of Mortgage Loans | 33 |
Section 2.05 | Obligations in Respect of Alleged Breach of Originator Representations and Warranties | 35 |
Section 2.06 | Intention of Parties | 37 |
Section 2.07 | Controlling Holder Assumption of Purchase Agreement and Servicing Agreement Rights | 38 |
ARTICLE III THE CERTIFICATES | 40 | |
Section 3.01 | The Certificates | 40 |
Section 3.02 | Registration | 40 |
Section 3.03 | Transfer and Exchange of Certificates | 41 |
Section 3.04 | Cancellation of Certificates | 44 |
Section 3.05 | Replacement of Certificates | 44 |
Section 3.06 | Persons Deemed Owners | 45 |
Section 3.07 | Temporary Certificates | 45 |
Section 3.08 | Appointment of Paying Agent | 45 |
Section 3.09 | Book-Entry Certificates | 46 |
ARTICLE IV ADMINISTRATION OF THE TRUST FUND | 47 | |
Section 4.01 | Custodial Accounts; Distribution Account | 47 |
Section 4.02 | Reports to Trustee and Certificateholders | 48 |
Section 4.03 | Rule 17g-5 Compliance | 51 |
Section 4.04 | Rule 15Ga-1 Compliance | 52 |
ARTICLE V DISTRIBUTIONS TO HOLDERS OF CERTIFICATES | 53 | |
Section 5.01 | Distributions Generally | 53 |
Section 5.02 | Distributions From the Distribution Account | 53 |
Section 5.03 | Allocation of Losses | 55 |
Section 5.04 | Servicer Obligations | 55 |
Section 5.05 | Advances by Master Servicer | 56 |
Section 5.06 | Master Servicer Compensating Interest Payments | 56 |
ARTICLE VI CONCERNING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR; EVENTS OF DEFAULT | 56 | |
Section 6.01 | Duties of Trustee and the Securities Administrator | 56 |
Section 6.02 | Certain Matters Affecting the Trustee and the Securities Administrator | 59 |
Section 6.03 | Trustee and Securities Administrator Not Liable for Certificates | 60 |
Section 6.04 | Trustee and Securities Administrator May Own Certificates | 60 |
Section 6.05 | Eligibility Requirements for Trustee and Securities Administrator | 61 |
Section 6.06 | Resignation and Removal of Trustee and the Securities Administrator | 61 |
Section 6.07 | Successor Trustee and Successor Securities Administrator | 62 |
Section 6.08 | Merger or Consolidation of Trustee or Securities Administrator | 63 |
Section 6.09 | Appointment of Co-Trustee, Separate Trustee or Custodian | 63 |
Section 6.10 | Authenticating Agents | 64 |
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Section 6.11 | Indemnification of the Trustee, the Securities Administrator and the Master Servicer | 65 |
Section 6.12 | Fees and Expenses of the Securities Administrator, the Certificate Registrar, the Paying Agent, Authenticating Agent, the Trustee and the Custodian | 66 |
Section 6.13 | Collection of Monies | 66 |
Section 6.14 | Events of Default; Trustee to Act; Appointment of Successor | 67 |
Section 6.15 | Additional Remedies of Trustee Upon Event of Default | 70 |
Section 6.16 | Waiver of Defaults | 70 |
Section 6.17 | Notification to Holders | 71 |
Section 6.18 | Directions by Certificateholders and Duties of Trustee During Event of Default | 71 |
Section 6.19 | Action Upon Certain Failures of the Master Servicer and Upon Event of Default | 71 |
Section 6.20 | Preparation of Tax Returns and Other Reports | 71 |
Section 6.21 | Reporting to the Commission | 72 |
Section 6.22 | Annual Statements of Compliance | 77 |
Section 6.23 | Annual Assessments of Compliance | 77 |
Section 6.24 | Accountant’s Attestation | 78 |
Section 6.25 | Intention of the Parties and Interpretation; Indemnification | 79 |
ARTICLE VII PURCHASE OF MORTGAGE LOANS AND TERMINATION OF THE TRUST FUND | 80 | |
Section 7.01 | Purchase of Mortgage Loans; Termination of Trust Fund Upon Purchase or Liquidation of All Mortgage Loans | 80 |
Section 7.02 | Procedure Upon Redemption and Termination of Trust Fund | 81 |
Section 7.03 | Additional Trust Fund Termination Requirements | 81 |
ARTICLE VIII RIGHTS OF CERTIFICATEHOLDERS | 82 | |
Section 8.01 | Limitation on Rights of Holders | 82 |
Section 8.02 | Access to List of Holders | 83 |
Section 8.03 | Acts of Holders of Certificates | 83 |
ARTICLE IX ADMINISTRATION AND SERVICING OF MORTGAGE LOANS BY THE MASTER SERVICER | 84 | |
Section 9.01 | Duties of the Master Servicer; Enforcement of Servicer’s and Master Servicer’s Obligations | 84 |
Section 9.02 | Assumption of Master Servicing by Trustee | 86 |
Section 9.03 | Representations, Warranties and Covenants of the Master Servicer | 87 |
Section 9.04 | Compensation to the Master Servicer | 89 |
Section 9.05 | Merger or Consolidation | 89 |
Section 9.06 | Resignation of Master Servicer | 89 |
Section 9.07 | Assignment or Delegation of Duties by the Master Servicer | 90 |
Section 9.08 | Limitation on Liability of the Master Servicer and Others | 90 |
Section 9.09 | Indemnification; Third-Party Claims | 90 |
Section 9.10 | Master Servicer Fidelity Bond and Master Servicer Errors and Omissions Insurance Policy | 91 |
ARTICLE X REMIC ADMINISTRATION | 91 | |
Section 10.01 | REMIC Administration | 91 |
Section 10.02 | Prohibited Transactions and Activities | 93 |
Section 10.03 | Indemnification With Respect to Prohibited Transactions or Loss of REMIC Status | 93 |
Section 10.04 | REO Property | 94 |
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ARTICLE XI MISCELLANEOUS PROVISIONS | 94 | |
Section 11.01 | Binding Nature of Agreement; Assignment | 94 |
Section 11.02 | Entire Agreement | 94 |
Section 11.03 | Amendment | 94 |
Section 11.04 | Voting Rights | 96 |
Section 11.05 | Provision of Information | 96 |
Section 11.06 | Governing Law | 96 |
Section 11.07 | Notices | 96 |
Section 11.08 | Severability of Provisions | 98 |
Section 11.09 | Indulgences; No Waivers | 98 |
Section 11.10 | Headings Not to Affect Interpretation | 98 |
Section 11.11 | Benefits of Agreement | 99 |
Section 11.12 | Special Notices to the Rating Agencies | 99 |
Section 11.13 | Conflicts | 100 |
Section 11.14 | Counterparts | 100 |
Section 11.15 | No Petitions | 100 |
ATTACHMENTS | ||
Exhibit A | Forms of Certificates | |
Exhibit B | Form of Residual Certificate Transfer Affidavit (Transferee) | |
Exhibit C | Residual Certificate Transfer Affidavit (Transferor) | |
Exhibit D | Form of Custodial Agreement | |
Exhibit E-1 | Form of Rule 144A Transfer Certificate | |
Exhibit E-2 | Form of Purchaser’s Letter for Qualified Institutional Buyer | |
Exhibit F | Form of Purchaser’s Letter for Institutional Accredited Investor | |
Exhibit G | Form of ERISA Transfer Affidavit | |
Exhibit H-1 | List of Purchase Agreements | |
Exhibit H-2 | List of Servicing Agreements | |
Exhibit I | Additional Disclosure Notification | |
Exhibit J | Back-Up Certificate to Form 10-K Certificate | |
Exhibit K | Servicing Criteria to Be Addressed in Assessment of Compliance | |
Exhibit L | Additional Form 10-D Disclosure | |
Exhibit M | Additional Form 10-K Disclosure | |
Exhibit N | Additional Form 8-K Disclosure | |
Exhibit O | Form of Certification for NRSROs and Depositor | |
Schedule A | Mortgage Loan Schedule |
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This POOLING AND SERVICING AGREEMENT, dated as of October 1, 2012 (the “Agreement”), by and among SEQUOIA RESIDENTIAL FUNDING, INC., a Delaware corporation, as depositor (the “Depositor”), CHRISTIANA TRUST, A DIVISION OF WILMINGTON SAVINGS FUND SOCIETY, FSB, a federal savings bank, as trustee (the “Trustee”), and WELLS FARGO BANK, N.A., a national banking association, in its dual capacities as master servicer (the “Master Servicer”) and securities administrator (the “Securities Administrator”).
PRELIMINARY STATEMENT
The Depositor has acquired the Mortgage Loans from the Seller and at the Closing Date is the owner of the Mortgage Loans and related property being conveyed by the Depositor to the Trustee hereunder for inclusion in the Trust Fund. On the Closing Date, the Depositor will acquire the Certificates from the Trustee as consideration for the Depositor’s transfer to the Trust Fund of the Mortgage Loans, and the other property constituting the Trust Fund. The Depositor has duly authorized the execution and delivery of this Agreement to provide for the conveyance to the Trustee of the Mortgage Loans and the related property constituting the Trust Fund. All covenants and agreements made by the Seller in the Mortgage Loan Purchase and Sale Agreement, each Purchase Agreement, each Servicing Agreement and in this Agreement and by the Depositor, the Master Servicer, the Securities Administrator and the Trustee herein, with respect to the Mortgage Loans and the other property constituting the Trust Fund, are for the benefit of the Holders from time to time of the Certificates. The Depositor, the Master Servicer, the Securities Administrator and the Trustee are entering into this Agreement, and the Trustee is accepting the Trust Fund created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged.
As provided herein, the Trustee, at the direction of the Securities Administrator, shall elect that the Trust Fund be treated for federal income tax purposes as comprising two real estate mortgage investment conduits (each, a “REMIC” or, in the alternative, the “Lower-Tier REMIC” and the “Upper-Tier REMIC,” respectively). Each Certificate, other than the Class R Certificate and the Class LT-R Certificate, is hereby designated as a regular interest in the Upper-Tier REMIC, as described herein. The Class R Certificate represents and is hereby designated as the sole class of residual interest in the Upper-Tier REMIC.
The Class LT-R Certificate evidences ownership of the sole class of residual interest in the Lower-Tier REMIC (the “LT-R Interest”). The Lower-Tier REMIC shall hold as its assets all property of the Trust Fund, other than the interests in any REMIC formed hereby. Each Lower-Tier Interest other than the LT-R Interest shall be uncertificated and is hereby designated as a regular interest in the Lower-Tier REMIC and the LT-R Interest is hereby designated as the sole Class of residual interest in the Lower-Tier REMIC.
The Upper-Tier REMIC shall hold as its assets all of the Lower-Tier Interests other than the LT-R Interest.
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The Lower-Tier REMIC Interests
The following table sets forth (or describes) the Class designation, interest rate, and initial Class Principal Amount for each Class of Lower-Tier Interests:
Lower-Tier REMIC Interest Designation |
Interest Rate |
Initial Class Principal Amount |
Corresponding Class of Certificate(s) | |||
LT-A | (1) | (2) | A, A-IO | |||
LT-B1 | (1) | (2) | B-1 | |||
LT-B2 | (1) | (2) | B-2 | |||
LT-B3 | (1) | (2) | B-3 | |||
LT-B4 | (1) | (2) | B-4 | |||
LT-B5 | (1) | (2) | B-5 | |||
LT-R | (3) | (3) | N/A |
(1) The interest rate with respect to any Distribution Date (and the related Accrual Period) for this Lower-Tier Interest shall be a per annum rate equal to the Net WAC Rate for such Distribution Date.
(2) This interest shall have an initial class principal amount equal to the aggregate Initial Class Principal Amount of its Corresponding Class(es) of Certificates (other than any interest-only certificates).
(3) The LT-R Interest is the sole class of residual interest in the Lower-Tier REMIC and does not have a principal amount or bear interest.
On each Distribution Date, the Available Distribution Amount distributable as interest shall be deemed to have been distributed as interest with respect to the Lower-Tier Interests based on the interest rates described above. On each Distribution Date, Interest Shortfalls shall be allocated to each Lower-Tier Interest to the same extent that such Interest Shortfalls are allocated to the related Class of Upper-Tier Interests.
On each Distribution Date, the remaining Available Distribution Amount distributable with respect to principal shall be deemed to have been distributed to the Lower-Tier Interests as follows:
(i) first, to the Lower-Tier Interest LT-A, until its Class Principal Amount equals the Class Principal Amount of the Class A Certificates immediately after taking account of the distributions to such Class of Certificates pursuant to Section 5.02;
(ii) second, to the LT-B1 Interest until its Class Principal Amount equals the Class Principal Amount of the Class B-1 Certificate immediately after taking account of the distributions to such Class of Certificates pursuant to Section 5.02;
(iii) third, to the LT-B2 Interest until its Class Principal Amount equals the Class Principal Amount of the Class B-2 Certificate immediately after taking account of the distributions to such Class of Certificates pursuant to Section 5.02;
(iv) fourth, to the LT-B3 Interest until its Class Principal Amount equals the Class Principal Amount of the Class B-3 Certificate immediately after taking account of the distributions to such Class of Certificates pursuant to Section 5.02;
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(v) fifth, to the LT-B4 Interest until its Class Principal Amount equals the Class Principal Amount of the Class B-4 Certificate immediately after taking account of the distributions to such Class of Certificates pursuant to Section 5.02;
(vi) sixth, to the LT-B5 Interest until its Class Principal Amount equals the Class Principal Amount of the Class B-5 Certificate immediately after taking account of the distributions to such Class of Certificates pursuant to Section 5.02; and
(ix) finally, to the LT-R Interest, any remaining amounts.
The Certificates and the Upper-Tier REMIC
The following table sets forth (or describes) the Class designation, Certificate Interest Rate, initial Class Principal Amount (or initial Class Notional Amount) and minimum denomination for each Class of Certificates comprising interests in the Trust Fund created hereunder. The Class A, Class A-IO, Class B-1, Class B-2, Class B-3, Class B-4 and Class B-5 Certificates represent regular interests in the Upper-Tier REMIC; the Class R Certificate represents the sole class of residual interest in the Upper-Tier REMIC; and the Class LT-R Certificate represents the sole class of residual interest in the Lower-Tier REMIC and does not represent an interest in the Upper Tier REMIC.
Class Designation | Certificate Interest Rate | Initial Class Principal Amount or Class Notional Amount | Minimum Denominations or Percentage Interest | |||||||
Class A | (1) | $ | 296,954,000 | $ | 100,000 | |||||
Class A-IO | (2) | (3) | $ | 1,000,000 | ||||||
Class B-1 | Net WAC Rate | $ | 8,488,000 | $ | 100,000 | |||||
Class B-2 | Net WAC Rate | $ | 5,286,000 | $ | 100,000 | |||||
Class B-3 | Net WAC Rate | $ | 3,684,000 | $ | 100,000 | |||||
Class B-4 | Net WAC Rate | $ | 2,563,000 | $ | 100,000 | |||||
Class B-5 | Net WAC Rate | $ | 3,364,051 | $ | 100,000 | |||||
Class R | Net WAC Rate | (4) | 100 | % |
(1) | The Certificate Interest Rate of the Class A Certificates will be an annual rate equal to the lesser of (a) 2.50000% and (b) the Net WAC Rate for such Distribution Date. |
(2) | The Certificate Interest Rate of the Class A-IO Certificates will be an annual rate equal to the excess, if any, of the Net WAC Rate over 2.50000%. |
(3) | The Class A-IO Certificates are interest only Certificates and for any Distribution Date the Class Notional Amount of the Class A-IO Certificates is equal to the Class Principal Amount of the Class A Certificates immediately before such Distribution Date. The initial Class Notional Amount of the Class A-IO Certificates is $296,954,000. |
(4) | Amounts allocated to the Class LT-R Certificate pursuant to Sections 5.02(a)(xiii) and 5.02(d) shall be excluded from the Available Distribution Amount for the Upper-Tier REMIC. |
As of the Cut-off Date, the Mortgage Loans had an Aggregate Stated Principal Balance of $320,339,050.21.
In consideration of the mutual agreements herein contained, the Depositor, the Master Servicer, the Securities Administrator and the Trustee hereby agree as follows.
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ARTICLE I
DEFINITIONS
Section 1.01 Definitions. The following words and phrases, unless the context otherwise requires, shall have the following meanings:
10-K Filing Deadline: As defined in Section 6.21(b)(i) hereof.
Accepted Master Servicing Practices: With respect to any Mortgage Loan, those mortgage master servicing practices of prudent mortgage master servicing institutions which master service mortgage loans of the same type as such Mortgage Loan in the jurisdiction where the related Mortgaged Property is located.
Accountant: A Person engaged in the practice of accounting who (except when this Agreement provides that an Accountant must be Independent) may be employed by or affiliated with the Depositor or an Affiliate of the Depositor.
Accountant’s Attestation: As defined in Section 6.24.
Accrual Period: With respect to any Distribution Date and for each Class of Certificates, the calendar month preceding the month in which the Distribution Date occurs. Interest shall accrue on all Classes of Certificates and on all Lower-Tier Interests on the basis of a 360-day year consisting of twelve 30-day months.
Acknowledgements: The Assignment of Representations and Warranties Agreements and the Assignment, Assumption and Recognition Agreements, each dated October 30, 2012, assigning rights under the Purchase Agreements and the Servicing Agreements, respectively, from the Seller to the Depositor and from the Depositor to the Trustee, for the benefit of the Certificateholders, acknowledged by the Master Servicer, and providing certain rights to the Controlling Holder.
Additional Form 10-D Disclosure: As defined in Section 6.21(a)(i).
Additional Form 10-K Disclosure: As defined in Section 6.21(b)(i).
Additional Servicer: Each affiliate of a Servicer that services any of the Mortgage Loans and each Person who is not an affiliate of the Depositor or a Servicer, who services 10% or more of the Mortgage Loans (measured by aggregate Stated Principal Balance of the Mortgage Loans annually at the commencement of the calendar year prior to the year in which an Item 1123 Certificate is required to be delivered). For clarification purposes, the Master Servicer and the Securities Administrator are Additional Servicers.
Advance: The payments required to be made by the Master Servicer or the applicable Servicer (other than Cenlar FSB) or the Servicing Administrator with respect to any Distribution Date pursuant to this Agreement or the Servicing Agreements, as applicable, the amount of any such payment being equal to the aggregate of the payments of principal and interest (net of the Master Servicing Fee and the applicable Servicing Fee) on the Mortgage Loans that were due on the related Due Date and not received as of the close of business on the related Determination Date, less the aggregate amount of any such delinquent payments that the Master Servicer, the applicable Servicer (other than Cenlar FSB) or the Servicing Administrator have determined would constitute Nonrecoverable Advances if advanced.
Adverse REMIC Event: Either (i) loss of status as a REMIC, within the meaning of Section 860D of the Code, for any group of assets identified as a REMIC in the Preliminary Statement to this Agreement, or (ii) imposition of any tax, including the tax imposed under Section 860F(a)(1) on prohibited transactions,
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and the tax imposed under Section 860G(d) on certain contributions to a REMIC, on any REMIC created hereunder to the extent such tax would be payable from assets held as part of the Trust Fund.
Affiliate: With respect to any specified Person, any other Person controlling or controlled by or under common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.
Aggregate Expense Rate: The sum of the Master Servicing Fee Rate and the applicable Servicing Fee Rate.
Aggregate Stated Principal Balance: As to any Distribution Date, the aggregate of the Stated Principal Balances for all Mortgage Loans that were outstanding as of the most recent Due Date.
Aggregate Voting Interests: The aggregate of the Voting Interests of all the Certificates under this Agreement.
Agreement: This Pooling and Servicing Agreement and all amendments and supplements hereto.
Applicable Credit Support Percentage: As to any Class of Subordinate Certificates and any Distribution Date, the sum of the Class Subordination Percentage of such Class and the aggregate of the Class Subordination Percentages of all other Classes (if any) of Subordinate Certificates having lower payment priorities than such Class.
Appraised Value: With respect to any Mortgage Loan, the Appraised Value of the related Mortgaged Property shall be the lesser of: (i) the value (or the Reconciled Market Value if more than one appraisal is received) thereof as determined by a Qualified Appraiser at the time of origination of the Mortgage Loan, and (ii) the purchase price paid for the related Mortgaged Property by the Mortgagor with the proceeds of the Mortgage Loan; provided, however, that in the case of a Refinancing Mortgage Loan, such value (or the Reconciled Market Value if more than one appraisal is received) of the Mortgaged Property is based solely upon the value determined by an appraisal or appraisals made for the originator of such Refinancing Mortgage Loan at the time of origination of such Refinancing Mortgage Loan by a Qualified Appraiser.
Appraiser Independence Requirements: The Appraiser Independence Requirements effective as of October 15, 2010, as amended and in effect from time to time.
Assessment of Compliance: As defined in Section 6.23(a).
Authenticating Agent: Any authenticating agent appointed by the Trustee pursuant to Section 6.10 until any successor authenticating agent for the Certificates is named, and thereafter “Authenticating Agent” shall mean any such successor. The initial Authenticating Agent shall be the Securities Administrator under this Agreement.
Authorized Officer: Any Person who may execute an Officer’s Certificate on behalf of the Depositor or the Servicing Administrator, as applicable.
Available Distribution Amount: With respect to any Distribution Date, the sum of the following amounts: (i) all scheduled payments of interest (net of the Servicing Fees, the Servicing Administrator Fee and the Master Servicing Fee) and principal due during the related Due Period, together with any Advances in respect thereof; (ii) Insurance Proceeds received during the related Prepayment Period; (iii) Liquidation Proceeds received during the related Prepayment Period (net of unreimbursed expenses incurred in
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connection with a liquidation or foreclosure and unreimbursed Advances and Servicing Advances, if any); (iv) Subsequent Recoveries received during the related Prepayment Period; (v) all Principal Prepayments, together with any accrued interest thereon, identified as having been received on the Mortgage Loans during the related Prepayment Period, plus any amounts received from the Servicers (other than Cenlar FSB), the Servicing Administrator or the Master Servicer in respect of Prepayment Interest Shortfalls on such Mortgage Loans; (vi) amounts received with respect to such Distribution Date as the Substitution Amount and the Repurchase Price in respect of a Deleted Mortgage Loan or a Mortgage Loan purchased by an Originator or the Seller as of such Distribution Date as a result of a breach of a representation or warranty; and (vii) the Clean-up Call Price paid by the Master Servicer to purchase the Mortgage Loans and terminate the Trust Fund, if applicable; minus
(A) amounts applied to reimburse Advances and Servicing Advances previously made and other amounts as to which the Servicers (other than Cenlar FSB) and the Servicing Administrator are entitled to be reimbursed pursuant to the Servicing Agreements; (B) amounts applied to reimburse Advances and Servicing Advances previously made as to which the Master Servicer is entitled to be reimbursed pursuant to this Agreement; and (C) the sum of all related fees, charges and other costs, including indemnification amounts and costs of arbitration (other than the Master Servicing Fee and amounts required to be paid by the Master Servicer from the Master Servicing Fee) payable or reimbursable to the Master Servicer, the Securities Administrator and the Trustee from the Trust Fund under this Agreement and the Custodian under the Custodial Agreement, subject to an aggregate maximum amount of $300,000 annually (per year from the Closing Date to the first anniversary of the Closing Date and each subsequent anniversary year thereafter) to be paid to such parties collectively, in the order claims for payment of such amounts are received by the Securities Administrator; provided, however, that if a claim is presented for an amount that, when combined with the amount of prior claims paid during that year, would exceed $300,000, then only a portion of such claim will be paid that will make the total amount paid during that year equal to $300,000 and the excess remaining unpaid, together with any additional claims received during that year, will be deferred until the following anniversary year and if the total amount of such deferred claims exceeds $300,000 then payment in such following anniversary year (and each subsequent anniversary year as may be needed until such deferred claims are paid in full) shall be apportioned among the Master Servicer, the Securities Administrator, the Custodian and the Trustee, in proportion to the aggregate amount of deferred claims submitted by such entity as of the last day of the prior year; provided that, in no event will the aggregate amount reimbursable to the Trustee exceed $100,000 annually (per year from the Closing Date to the first anniversary of the Closing Date and each subsequent anniversary year thereafter).
Back-Up Certificate: As defined in Section 6.21(e).
Bankruptcy: As to any Person, the making of an assignment for the benefit of creditors, the filing of a voluntary petition in bankruptcy, adjudication as a bankrupt or insolvent, the entry of an order for relief in a bankruptcy or insolvency proceeding, the seeking of reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief, or seeking, consenting to or acquiescing in the appointment of a trustee, receiver or liquidator, dissolution, or termination, as the case may be, of such Person pursuant to the provisions of either the Bankruptcy Code or any other similar state laws.
Bankruptcy Code: The United States Bankruptcy Code, as amended.
Benefit Plan Opinion: An Opinion of Counsel satisfactory to the Certificate Registrar, the Depositor and the Trustee to the effect that any proposed transfer will not (i) cause the assets of the Trust Fund to be regarded as plan assets for purposes of the Plan Asset Regulations or (ii) give rise to any fiduciary duty on the part of the Depositor or the Trustee.
Book-Entry Certificates: Beneficial interests in Certificates designated as “Book-Entry Certificates” in this Agreement, ownership and transfers of which shall be evidenced or made through book entries by a Clearing Agency as described in Section 3.09; provided, that after the occurrence of a Book-Entry Termination whereupon book-entry registration and transfer are no longer permitted and Definitive Certificates are to be issued to Certificate Owners, such Book-Entry Certificates shall no longer be “Book-
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Entry Certificates.” As of the Closing Date, the following Classes of Certificates constitute Book-Entry Certificates: Class A, Class A-IO, Class B-1, Class B-2 and Class B-3.
Book-Entry Termination: As defined in Section 3.09(c).
Business Day: Any day other than (i) a Saturday or a Sunday, (ii) a legal holiday in the States of California, Delaware, Maryland, Minnesota, Missouri or New York, (iii) a day on which banking institutions in the States of California, Delaware, Maryland, Minnesota, Missouri or New York are authorized or obligated by law or executive order to be closed or (iv) a day on which the New York Stock Exchange or the Federal Reserve Bank of New York is closed.
Certificate: Any one of the certificates signed by the Trustee and authenticated by the Securities Administrator as Authenticating Agent in substantially the forms attached hereto as Exhibit A.
Certificate Interest Rate: With respect to each Class of Certificates and any Distribution Date, the applicable per annum rate described in the Preliminary Statement to this Agreement.
Certificate Owner: With respect to a Book-Entry Certificate, the Person who is the owner of such Book-Entry Certificate, as reflected on the books of the Clearing Agency, or on the books of a Person maintaining an account with such Clearing Agency (directly or as an indirect participant, in accordance with the rules of such Clearing Agency).
Certificate Principal Amount: With respect to any Certificate (other than the Class A-IO, Class R and Class LT-R Certificates) and any Distribution Date, the maximum specified dollar amount of principal to which the Holder thereof is then entitled hereunder, such amount being equal to the initial principal amount set forth on the face of such Certificate, less (i) the amount of all principal distributions previously made with respect to such Certificate; (ii) the principal portion of all Realized Losses previously allocated to such Certificate; and (iii) any Certificate Writedown Amount previously allocated to such Certificate; provided, however, that on any Distribution Date on which a Subsequent Recovery is distributed, the Certificate Principal Amount of any Certificate then outstanding to which a Certificate Writedown Amount or Realized Loss amount has been applied will be increased sequentially, in order of seniority, by an amount equal to the lesser of (A) the principal portion of any Certificate Writedown Amount or Realized Loss amount previously allocated to that Certificate to the extent not previously recovered and (B) the principal portion of any Subsequent Recovery allocable to such Certificate after application (for this purpose) to more senior Classes of Certificates pursuant to this Agreement; and provided further that on any Distribution Date on which the Aggregate Stated Principal Balance of the Mortgage Loans exceeds the aggregate Certificate Principal Amount, such excess (including any excess attributable to the allocation of Principal Forbearance Amounts) will be allocated to increase the Certificate Principal Amount of any Certificate then outstanding to which a Certificate Writedown Amount or Realized Loss amount has previously been allocated, sequentially in order of seniority, up to the principal amount of such Certificate Writedown Amount or Realized Loss to the extent not previously recovered. The Class A-IO, Class R and Class LT-R Certificates are issued without Certificate Principal Amounts.
Certificate Register and Certificate Registrar: The register maintained and the registrar appointed pursuant to Section 3.02. The Securities Administrator will act as the initial Certificate Registrar.
Certificate Writedown Amount: The amount by which the aggregate Certificate Principal Amount of all the Certificates (other than the Class A-IO, Class R and Class LT-R Certificates) on any Distribution Date (after giving effect to distributions of principal and allocations of Realized Losses on that Distribution Date) exceeds the Aggregate Stated Principal Balance of the Mortgage Loans for the Distribution Date.
Certificateholder: The meaning provided in the definition of “Holder.”
Certification: As defined in the Custodial Agreement.
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Civil Relief Act: The Servicemembers Civil Relief Act, as amended, or any similar state or local law.
Class: Collectively, Certificates bearing the same class designation. In the case of the Lower-Tier REMIC, the term “Class” refers to all Lower-Tier Interests having the same alphanumeric designation.
Class LT-R Certificate: The Class LT-R Certificate executed by the Trustee and authenticated and delivered by the Authenticating Agent, substantially in the form annexed as Exhibit A and evidencing ownership of the LT-R Interest.
Class R Certificate: The Class R Certificate executed by the Trustee, and authenticated and delivered by the Authenticating Agent, substantially in the form annexed hereto as Exhibit A, and evidencing the ownership of the sole residual interest in the Upper-Tier REMIC.
Class Notional Amount: With respect to the Interest-Only Certificates, the applicable class notional amount calculated as provided in the Preliminary Statement to this Agreement.
Class Principal Amount: With respect to each Class of Certificates (other than the Class A-IO, Class R and Class LT-R Certificates), the aggregate of the Certificate Principal Amounts of all Certificates of such Class at the date of determination. With respect to any Lower-Tier Interest, the initial Class Principal Amount as shown or described in the table set forth in the Preliminary Statement to this Agreement for the Lower-Tier REMIC, as reduced by principal distributed with respect to such Lower-Tier Interest and Realized Losses or Certificate Writedown Amounts allocated to such Lower-Tier Interest at the date of determination.
Class Subordination Percentage: With respect to each Class of Subordinate Certificates, for each Distribution Date, the percentage obtained by dividing the Class Principal Amount of such Class prior to any distributions of principal, allocations of Realized Losses or allocations of Certificate Writedown Amounts on that Distribution Date by the aggregate of the Class Principal Amounts of all Classes of Certificates (other than the Class A-IO, Class R and Class LT-R Certificates) prior to any distributions of principal, allocations of Realized Losses or allocations of Certificate Writedown Amounts on that Distribution Date.
Clean-up Call: The optional purchase of the Mortgage Loans and all property acquired in respect of any Mortgage Loan remaining in the Trust Fund on any date on which the Aggregate Stated Principal Balance is less than 10% of the Aggregate Stated Principal Balance as of the Cut-off Date, in accordance with Section 7.01(d) of this Agreement.
Clean-up Call Price: The price paid by the Master Servicer pursuant to Section 7.01(d) of this Agreement, which is equal to the sum of (i) 100% of the aggregate outstanding principal balance of the Mortgage Loans plus accrued interest thereon, to, but not including, the first day of the month in which the Clean-up Call Price is to be distributed and (ii) the fair market value of any REO Property; provided, however, that such purchase price may be increased as is necessary, as determined by the Depositor, to avoid disqualification of any REMIC created under this Agreement as a REMIC.
Clearing Agency: An organization registered as a “clearing agency” pursuant to Section 17A of the Exchange Act. As of the Closing Date, the Clearing Agency shall be The Depository Trust Company.
Clearing Agency Participant: A broker, dealer, bank, other financial institution or other Person for whom from time to time a Clearing Agency effects book-entry transfers and pledges of securities deposited with the Clearing Agency.
Closing Date: October 30, 2012.
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Code: The Internal Revenue Code of 1986, as amended, and as it may be further amended from time to time, any successor statutes thereto, and applicable U.S. Department of Treasury regulations issued pursuant thereto in temporary or final form.
Commission: U.S. Securities and Exchange Commission.
Controlling Holder: At any time, the Holder of the majority of the Class Principal Amount of the Class B-5 Certificates or, if the Class Principal Amount of the Class B-5 Certificates has been reduced to zero, the holder of the majority of the Class Principal Amount of the Class B-4 Certificates. If the Class Principal Amount of the Class B-4 Certificates has been reduced to zero, then no entity will have any rights under this Agreement as a Controlling Holder. Neither the Depositor nor the Seller shall be a Controlling Holder.
Cooperative Corporation: The entity that holds title (fee or an acceptable leasehold estate) to the real property and improvements constituting the Cooperative Property and which governs the Cooperative Property, which Cooperative Corporation must qualify as a Cooperative Housing Corporation under Section 216 of the Code.
Cooperative Loan: Any Mortgage Loan secured by Cooperative Shares and a Proprietary Lease.
Cooperative Property: The real property and improvements owned by the Cooperative Corporation, that includes the allocation of individual dwelling units to the holders of the shares of the Cooperative Corporation.
Cooperative Shares: Shares issued by a Cooperative Corporation.
Corporate Trust Office: With respect to the Trustee, the corporate trust office of the Trustee located at 500 Delaware Avenue, 11th Floor, Wilmington, Delaware, 19801, Attention: Corporate Trust – Sequoia Mortgage Trust 2012-5, or at such other address as the Trustee may designate from time to time by notice to the Certificateholders, the Depositor, the Master Servicer and the Securities Administrator or the principal corporate trust office of any successor Trustee. With respect to the Certificate Registrar and presentment of Certificates for registration of transfer, exchange or final payment, Sixth Street and Marquette Avenue, Minneapolis, Minnesota 55479, Attention: Corporate Trust Services Sequoia Mortgage Trust 2012-5.
Corresponding Class of Certificates: With respect to each Lower-Tier Interest, the Class or Classes of Certificates appearing opposite such Lower-Tier Interest, as described in the Preliminary Statement to this Agreement.
Current Interest: With respect to each Class of Certificates and any Distribution Date, the aggregate amount of interest accrued at the applicable Certificate Interest Rate during the related Accrual Period on the Class Principal Amount or Class Notional Amount, as applicable, of such Class prior to any distributions of principal, allocations of Realized Losses or allocations of Certificate Writedown Amounts prior to such Distribution Date.
Custodial Accounts: Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.
Custodial Agreement: The Custodial Agreement, dated as of October 1, 2012, among the Depositor, the Seller, the Trustee, Wells Fargo Bank, N.A., as Custodian and Wells Fargo Bank, N.A., as Master Servicer, as amended from time to time. A copy of the Custodial Agreement is attached hereto as Exhibit D.
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Custodian: A Person who is at any time appointed by the Trustee as a custodian of all or a portion of the Mortgage Documents and the Trustee Mortgage Files and listed on the Mortgage Loan Schedule as the Custodian of such Mortgage Documents and Trustee Mortgage Files. The initial Custodian is Wells Fargo Bank, N.A.
Cut-off Date: October 1, 2012.
Debt Service Reduction: With respect to any Mortgage Loan, a reduction in the Scheduled Payment for such Mortgage Loan by a court of competent jurisdiction in a proceeding under the Bankruptcy Code, which became final and non-appealable, except such a reduction resulting from a Deficient Valuation or any reduction that results in a permanent forgiveness of principal.
Defective Mortgage Loan: The meaning specified in Section 2.04.
Deficient Valuation: With respect to any Mortgage Loan, a valuation of the related Mortgaged Property by a court of competent jurisdiction in an amount less than the then outstanding indebtedness under the Mortgage Loan, or any reduction in the amount of principal to be paid in connection with any Scheduled Payment that results in a permanent forgiveness of principal, which valuation or reduction results from an order of such court which is final and non-appealable in a proceeding under the Bankruptcy Code.
Definitive Certificate: A Certificate of any Class issued in definitive, fully registered, certificated form, which shall initially be the Class B-4, Class B-5, Class LT-R and Class R Certificates.
Deleted Mortgage Loan: A Mortgage Loan replaced or to be replaced with a Qualified Substitute Mortgage Loan in accordance with a Purchase Agreement or Servicing Agreement.
Delinquent: Any Mortgage Loan with respect to which the Scheduled Payment due on a Due Date is not received, based on the Mortgage Bankers Association method of calculating delinquency.
Demand: As defined in Section 4.04(a).
Depositor: Sequoia Residential Funding, Inc., a Delaware corporation having its principal place of business in California, or its successors in interest.
Determination Date: With respect to each Distribution Date, the 16th day of the month in which such Distribution Date occurs, or, if such 16th day is not a Business Day, the next succeeding Business Day; provided, however, that with respect to a Servicer and such Servicer's Advance obligations pursuant to the related Servicing Agreement, the Determination Date is the date set forth in the related Servicing Agreement.
Disqualified Organization: A “disqualified organization” as defined in Section 860E(e)(5) of the Code.
Distribution Account: The separate Eligible Account created and maintained by the Securities Administrator, on behalf of the Trustee, pursuant to Section 4.01. Funds in the Distribution Account (exclusive of any earnings on investments made with funds deposited in the Distribution Account) shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.
Distribution Date: The 25th day of each month or, if such 25th day is not a Business Day, the next succeeding Business Day, commencing in November 2012.
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Distribution Date Statement: As defined in Section 4.02.
Due Date: With respect to any Mortgage Loan, the date on which a Scheduled Payment is due under the related Mortgage Note as indicated in the applicable Servicing Agreement, exclusive of any days of grace.
Due Period: As to any Distribution Date, the period beginning on the second day of the calendar month preceding the month in which such Distribution Date occurs, and ending on the first day of the calendar month in which such Distribution Date occurs.
Eligible Account: Any account or accounts maintained with a federal or state chartered depository institution or trust company the short-term and long-term unsecured debt obligations of which (or, in the case of a depository institution or trust company that is the principal subsidiary of a holding company, the debt obligations of such holding company) are rated in the highest rating category of each Rating Agency with respect to short-term unsecured debt obligations and in one of the two highest rating categories of each Rating Agency with respect to long-term unsecured debt obligations at the time any amounts are held on deposit therein. Eligible Accounts may bear interest, and may include, if otherwise qualified under this definition, accounts maintained with the Trustee or the Paying Agent. If the rating of the short-term or long-term unsecured debt obligations of the depository institution or trust company that maintains the account or accounts is no longer in the highest rating category of each Rating Agency with respect to short-term unsecured debt obligations or in one of the two highest rating categories of each Rating Agency with respect to long-term unsecured debt obligations, the funds on deposit therewith in connection with this transaction shall be transferred to an Eligible Account within 30 days of such downgrade.
Eligible Investments: At any time, any one or more of the following obligations and securities:
(i) direct obligations of, and obligations fully guaranteed by the United States of America or any agency or instrumentality of the United States of America the obligations of which are backed by the full faith and credit of the United States of America;
(ii) (a) demand or time deposits, federal funds or bankers’ acceptances issued by any depository institution or trust company incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by federal and/or state banking authorities, provided that the commercial paper and/or the short-term deposit rating and/or the long-term unsecured debt obligations or deposits of such depository institution or trust company at the time of such investment or contractual commitment providing for such investment are rated in the highest rating category by each Rating Agency for long-term unsecured debt with a maturity of more than one year or in the highest rating category with respect to short-term obligations and (b) any other demand or time deposit or certificate of deposit that is fully insured by the FDIC;
(iii) repurchase obligations with a term not to exceed thirty (30) days and with respect to any security described in clause (i) above and entered into with a depository institution or trust company (acting as principal) described in clause (ii)(a) above;
(iv) securities bearing interest or sold at a discount issued by any corporation incorporated under the laws of the United States of America or any state thereof that are rated in the highest rating category by each Rating Agency for long-term unsecured debt with a maturity of more than one year or in the highest rating category with respect to short-term obligations, in each case at the time of such investment or contractual commitment providing for such investment; provided, however, that securities issued by any particular corporation will not be Eligible Investments to the extent that investments therein will cause the then outstanding principal amount of securities issued by such corporation and held as Eligible Investments to exceed 10% of the aggregate outstanding principal balances of all of the Mortgage Loans and Eligible Investments;
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(v) commercial paper (including both non-interest-bearing discount obligations and interest-bearing obligations payable on demand or on a specified date not more than one year after the date of issuance thereof) that is rated in the highest rating category by each Rating Agency at the time of such investment; and
(vi) any money market funds rated in one of the two highest rating categories by each Rating Agency for long-term unsecured debt with a maturity of more than one year or in the highest rating category with respect to short-term obligations, including any such fund managed or advised by the Trustee or any of its Affiliates;
provided, however, that no instrument or security shall be a Eligible Investment if such instrument or security evidences a right to receive only interest payments with respect to the obligations underlying such instrument or if such security provides for payment of both principal and interest with a yield to maturity in excess of 120% of the yield to maturity at par or if such instrument or security is purchased at a price greater than par.
ERISA: The Employee Retirement Income Security Act of 1974, as amended.
ERISA-Qualifying Underwriting: A best efforts or firm commitment underwriting or private placement that meets the requirements of an Underwriter’s Exemption.
ERISA-Restricted Certificate: The Class B-1, Class B-2 and Class B-3 Certificates that have not been the subject of an ERISA-Qualifying Underwriting, the Class B-4, Class B-5, Class R and Class LT-R Certificates and any Class A or Class A-IO Certificate (or Class B-1, Class B-2 or Class B-3 Certificate that has been underwritten) that does not satisfy the applicable rating requirement under the Underwriter’s Exemption.
Escrow Account: As defined in Section 1.01 of each Servicing Agreement.
Event of Default: Any one of the conditions or circumstances enumerated in Section 6.14.
Exception Report: As defined in the Custodial Agreement.
Exchange Act: The Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder.
Fannie Mae: Fannie Mae or any successor thereto.
FDIC: The Federal Deposit Insurance Corporation or any successor thereto.
FIRREA: The Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as amended and in effect from time to time.
Fitch: Fitch, Inc., or any successor in interest.
Form 8-K Disclosure Information: As defined in Section 6.21(c)(i).
Freddie Mac: Freddie Mac, or any successor thereto.
Holder or Certificateholder: The registered owner of any Certificate as recorded on the books of the Certificate Registrar except that, solely for the purposes of taking any action or giving any consent pursuant to this Agreement, any Certificate registered in the name of the Trustee, the Master Servicer, the Securities Administrator or either Servicer, or any Affiliate thereof shall be deemed not to be outstanding in
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determining whether the requisite percentage necessary to take such action or effect such consent has been obtained, and, in determining whether the Trustee shall be protected in taking such action or in relying upon such consent, only Certificates which a Responsible Officer of the Trustee actually knows to be so owned shall be disregarded. The Trustee, the Certificate Registrar and the Securities Administrator may request and conclusively rely on certifications by the Master Servicer, the Securities Administrator or either Servicer in determining whether any Certificates are registered to an Affiliate of the Master Servicer, the Securities Administrator or either Servicer.
HUD: The United States Department of Housing and Urban Development, or any successor thereto.
Independent: When used with respect to any Accountants, a Person who is “independent” within the meaning of Rule 2-01(b) of the Securities and Exchange Commission’s Regulation S-X. When used with respect to any other Person, a Person who (a) is in fact independent of another specified Person and any Affiliate of such other Person, (b) does not have any material direct financial interest in such other Person or any Affiliate of such other Person, and (c) is not connected with such other Person or any Affiliate of such other Person as an officer, employee, promoter, underwriter, trustee, partner, director or Person performing similar functions.
Insurance Policy: With respect to any Mortgage Loan, any insurance policy, including all names and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.
Insurance Proceeds: Proceeds paid by any Insurance Policy (excluding proceeds required to be applied to the restoration and repair of the related Mortgaged Property or released to the Mortgagor), in each case other than any amount included in such Insurance Proceeds in respect of Insured Expenses.
Insured Expenses: Expenses covered by an Insurance Policy or any other insurance policy with respect to the Mortgage Loans.
Interest Distribution Amount: For each Class of Certificates on any Distribution Date, the Current Interest for such Class as reduced by such Class’s share of Net Prepayment Interest Shortfalls and Relief Act Shortfalls, which shall be allocated to each Class on a pro rata basis based on the amount of Current Interest payable to each such Class.
Interest-Only Certificates: The Class A-IO Certificates.
Interest Shortfall: As to any Class of Certificates and any Distribution Date, the amount by which (i) the Interest Distribution Amount for such Class on all prior Distribution Dates exceeds (ii) amounts distributed in respect of interest to such Class on prior Distribution Dates.
Item 1123 Certificate: As defined in Section 6.22.
KBRA: Kroll Bond Rating Agency, Inc., or any successor in interest.
Latest Possible Maturity Date: The Distribution Date occurring in November 2042.
Liquidated Mortgage Loan: With respect to any Distribution Date, a defaulted Mortgage Loan (including any REO Property) as to which, prior to the close of business on the Business Day immediately preceding the Due Date, the applicable Servicer has determined that all recoverable Liquidation Proceeds and Insurance Proceeds have been received.
Liquidation Proceeds: All cash amounts, including Insurance Proceeds, received in connection with the partial or complete liquidation of defaulted Mortgage Loans, whether through trustee’s sale,
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foreclosure sale or otherwise or amounts received in connection with any condemnation or partial release of a Mortgaged Property and any other net proceeds received in connection with the disposition of an REO Property.
Loan-To-Value Ratio: With respect to any Mortgage Loan and as to any date of determination, the fraction (expressed as a percentage) the numerator of which is the principal balance of the related Mortgage Loan at such date of determination and the denominator of which is the Appraised Value of the related Mortgaged Property.
Lower-Tier Interest: Any one of the interests in the Lower-Tier REMIC as described in the Preliminary Statement to this Agreement.
Lower-Tier REMIC: As described in the Preliminary Statement to this Agreement.
LT-R Interest: The residual interest in the Lower-Tier REMIC, as described in the Preliminary Statement to this Agreement.
Master Servicer: Wells Fargo Bank, N.A., a national banking association organized under the laws of the United States in its capacity as Master Servicer and any successor in interest, or if any successor master servicer shall be appointed as herein provided, then such successor master servicer.
Master Servicer Compensating Interest Payment: As to any Distribution Date and the Master Servicer, the lesser of (1) the Master Servicing Fee for such date and (2) any Prepayment Interest Shortfalls for such date (to the extent such Prepayment Interest Shortfalls are required to be paid but are not actually paid by the Servicers (other than Cenlar FSB) or the Servicing Administrator as a Servicer Compensating Interest Payment).
Master Servicing Fee: With respect to any Distribution Date, an amount equal to the product of one-twelfth of the Master Servicing Fee Rate and the Stated Principal Balance of each Mortgage Loan as of the first day of the related Due Period.
Master Servicing Fee Rate: 0.03% per annum.
Master Servicing Transfer Costs: All reasonable costs and expenses incurred by the Trustee in connection with the appointment of a successor master servicer and the transfer of master servicing from a predecessor master servicer, including, without limitation, any reasonable costs or expenses associated with the identification and engagement of a successor master servicer, the documentation of the assumption of master servicing by the successor master servicer, the complete transfer of all master servicing data and the completion, correction or manipulation of such master servicing data as may be required by the Trustee or the successor master servicer to correct any errors or insufficiencies in the master servicing data or otherwise to enable the Trustee or other successor master servicer to master service the Mortgage Loans properly and effectively.
Moody’s: Moody’s Investors Service, Inc., or any successor in interest.
Mortgage: A mortgage, deed of trust or other instrument creating a first lien on, or first priority ownership interest in, an estate in fee simple in real property securing a Mortgage Note, together with improvements thereto.
Mortgage Documents: With respect to each Mortgage Loan, the mortgage documents required to be delivered to the Custodian pursuant to the Custodial Agreement.
Mortgage Loan: A Mortgage and the related Mortgage Note or other evidences of indebtedness secured by each such Mortgage conveyed, transferred, sold, assigned to or deposited with the Trustee
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pursuant to Section 2.01 (including any Qualified Substitute Mortgage Loan and REO Property), including without limitation, each Mortgage Loan listed on the Mortgage Loan Schedule, as amended from time to time.
Mortgage Loan Purchase and Sale Agreement: The mortgage loan purchase and sale agreement, dated as of October 30, 2012, between the Seller and the Depositor.
Mortgage Loan Schedule: The schedule attached hereto as Schedule A, which shall identify each Mortgage Loan, as such schedule may be amended by the Depositor or the Servicers from time to time to reflect the addition of Qualified Substitute Mortgage Loans to, or the deletion of Deleted Mortgage Loans from, the Trust Fund.
Mortgage Note: The original executed note or other evidence of the indebtedness of a Mortgagor secured by a Mortgage under a Mortgage Loan.
Mortgaged Property: The underlying property securing a Mortgage Loan which, with respect to a Cooperative Loan, is the related Cooperative Shares and Proprietary Lease.
Mortgage Rate: As to any Mortgage Loan and any Distribution Date, the annual rate of interest borne by the related Mortgage Note as of the related Due Date, taking into account any Servicing Modification or other amendments to the Mortgage Note.
Mortgagor: The obligor on a Mortgage Note.
Net Liquidation Proceeds: With respect to any Liquidated Mortgage Loan or any other disposition of related Mortgaged Property, the related Liquidation Proceeds net of Advances, Servicing Advances, related Servicing Fees, Servicing Administrator Fees and/or Master Servicing Fees and any other accrued and unpaid servicing fees received and retained in connection with the liquidation of such Mortgage Loan or Mortgaged Property.
Net Mortgage Rate: With respect to any Mortgage Loan and any Distribution Date, the related Mortgage Rate as of the Due Date in the month preceding the month of such Distribution Date reduced by the Aggregate Expense Rate.
Net Prepayment Interest Shortfall: With respect to any Mortgage Loan and any Distribution Date, the amount by which any Prepayment Interest Shortfall for the related Due Period exceeds the amount of Master Servicer Compensating Interest Payment paid by the Master Servicer and Servicer Compensating Interest Payment paid by the applicable Servicer (other than Cenlar FSB) and/or the Servicing Administrator in respect of such shortfall for such Due Period.
Net WAC Rate: With respect to (any Distribution Date, the weighted average of the Net Mortgage Rates of the Mortgage Loans as of the first day of the related Due Period, weighted on the basis of their Stated Principal Balances.
Non-Book-Entry Certificate: Any Certificate other than a Book-Entry Certificate.
Non-permitted Foreign Holder: As defined in Section 3.03(f).
Nonrecoverable Advance: Any portion of an Advance or Servicing Advance previously made or proposed to be made by the Master Servicer, a Servicer (other than Cenlar FSB) and/or the Servicing Administrator (as certified in an Officer’s Certificate of the Master Servicer, a Servicer (other than Cenlar FSB) and/or the Servicing Administrator, as applicable), which in the good faith judgment of such party,
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shall not be ultimately recoverable by such party from the related Mortgagor, related Liquidation Proceeds or otherwise.
Non-Upper-Tier REMIC: As defined in Section 10.01(d).
Non-U.S. Person: Any person other than a “United States person” within the meaning of Section 7701(a)(30) of the Code.
Notional Amount: With respect to an Interest-Only Certificate and any Distribution Date, such Certificate’s Percentage Interest of the Class Notional Amount of such Class of Certificates for such Distribution Date.
NRSRO: Any nationally recognized statistical rating organization for purposes of Rule 17g-5 under the Exchange Act.
NRSRO Certification: A certification in the form of Exhibit O hereto.
Officer’s Certificate: (a) With respect to the Depositor, a certificate signed by two Authorized Officers of the Depositor, (b) with respect to the Master Servicer or the Securities Administrator, a certificate signed by the Chairman of the Board, any Vice Chairman, the President, any Vice President or any Assistant Vice President of the Master Servicer or the Securities Administrator, (c) with respect to a Servicer, a certificate signed by the Chairman of the Board, the Vice Chairman of the Board, the President, a Managing Director, a Vice President (however denominated), an Assistant Vice President, the Treasurer, the Secretary, one of the Assistant Treasurers or Assistant Secretaries of a Servicer, or any other duly authorized officers or agents of a Servicer and (d) with respect to the Servicing Administrator, a certificate signed by an Authorized Officer of the Servicing Administrator, and in each case delivered to the Trustee, the Securities Administrator or the Master Servicer, as required hereby.
Opinion of Counsel: A written opinion of counsel, reasonably acceptable in form and substance to the Trustee, the Securities Administrator or the Master Servicer, as required hereby, and who may be in-house or outside counsel to the Depositor, the Master Servicer, the Securities Administrator or the Trustee but which must be Independent outside counsel with respect to any such opinion of counsel concerning the transfer of any Residual Certificate or concerning certain matters with respect to ERISA or the taxation, or the federal income tax status, of each REMIC.
Original Applicable Credit Support Percentage: With respect to each Class of Subordinate Certificates, the related Applicable Credit Support Percentage as of the Closing Date, which shall be equal to the corresponding approximate percentage set forth in the table below opposite its Class designation:
Class B-1 | 7.30 | % | ||
Class B-2 | 4.65 | % | ||
Class B-3 | 3.00 | % | ||
Class B-4 | 1.85 | % | ||
Class B-5 | 1.05 | % |
Original Subordinate Class Principal Amount: The aggregate of the Class Principal Amounts of the Classes of Subordinate Certificates as of the Closing Date.
Originator: Each of American Pacific Mortgage Corporation, Benchmark Bank, Boston Private Bank & Trust Company, Castle & Cooke Mortgage, LLC, Cherry Creek Mortgage Co., Inc., Cole Taylor Bank, Colonial Savings, F.A., Cornerstone Mortgage Company, Embrace Home Loans, Inc., Evergreen Moneysource Mortgage Company dba Evergreen Home Loans, Fairway Independent Mortgage Corporation, Fidelity Bank dba Fidelity Bank Mortgage, First Republic Bank, Flagstar Capital Markets Corporation, Franklin American Mortgage Company, Fremont Bank, National Association, GuardHill
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Financial Corporation, Guild Mortgage Company, The Huntington National Bank, Megastar Financial Corporation, Monarch Bank, Paramount Equity Mortgage, PHH Mortgage Corporation, Plaza Home Mortgage, Incorporated, PrimeLending, a PlainsCapital Company, Prospect Mortgage, LLC, Provident Savings Bank, Simonich Corporation, dba Bank of Commerce Mortgage, Sterling Savings Bank, Stifel Bank and Trust, Umpqua Bank, United Shore Financial Services, LLC and Wintrust Mortgage, a division of Barrington Bank and Trust Company, N.A., each as seller under the related Purchase Agreement, and any successor thereto.
Paying Agent: Any paying agent appointed pursuant to Section 3.08. The initial Paying Agent shall be the Securities Administrator under this Agreement.
Percentage Interest: With respect to any Certificate, its percentage interest in the undivided beneficial ownership interest in the Trust Fund evidenced by all Certificates of the same Class as such Certificate. With respect to any Certificate, other than an Interest-Only Certificate, if applicable, or the Class R Certificates and the Class LT-R Certificates, the Percentage Interest evidenced thereby shall equal the initial Certificate Principal Amount thereof divided by the initial Class Principal Amount of all Certificates of the same Class. With respect to each of the Class R Certificates and the Class LT-R Certificates, the Percentage Interest evidenced thereby shall be as specified on the face thereof, or otherwise, be equal to 100%. With respect to an Interest-Only Certificate, the Percentage Interest evidenced thereby shall equal its initial Notional Amount as set forth on the face thereof divided by the initial Class Notional Amount of such Class.
Person: Any individual, corporation, partnership, joint venture, association, joint-stock company, limited liability company, trust, unincorporated organization or government or any agency or political subdivision thereof.
Plan: An employee benefit plan or other retirement arrangement which is subject to Section 406 of ERISA and/or Section 4975 of the Code or any entity whose underlying assets include “plan assets” of such plan or arrangement under the Plan Asset Regulations by reason of their investment in the entity.
Plan Asset Regulations: The U.S. Department of Labor regulations set forth in 29 C.F.R. Section 2510.3-101, as modified by Section 3(42) of ERISA.
Prepayment Interest Shortfall: With respect to a Mortgage Loan and any Distribution Date, the amount by which interest paid by the related Mortgagor in connection with a Principal Prepayment on the Mortgage Loan is less than one month’s interest at the related Mortgage Rate on the Stated Principal Balance of that Mortgage Loan as of the preceding Distribution Date.
Prepayment Period: With respect to each Mortgage Loan serviced by Cenlar FSB and (i) each Distribution Date other than the first Distribution Date, the period commencing on the 15th day of the month preceding the month in which the Distribution Date occurs through the 14th day of the month in which the Distribution Date occurs and (ii) the first Distribution Date, the period commencing October 1, 2012 through November 14, 2012. With respect to each Mortgage Loan serviced by First Republic Bank and any Distribution Date, the calendar month preceding the month in which the Distribution Date occurs. With respect to each Mortgage Loan serviced by PHH Mortgage Corporation and any Distribution Date, the period commencing on the 2nd day of the month preceding the month in which the Distribution Date occurs through the 1st day of the month in which the Distribution Date occurs.
Primary Mortgage Insurance Policy: Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.
Principal Distribution Amount: With respect to any Distribution Date, the sum of (a) the principal portion of each Scheduled Payment (before taking into account any Deficient Valuations or Debt Service Reductions) due on the related Due Date, whether or not received, (b) the principal portion of each
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Principal Prepayment made by a Mortgagor during the related Prepayment Period; (c) the principal portion of each other unscheduled collection, including any Subsequent Recoveries, Insurance Proceeds and Net Liquidation Proceeds (other than with respect to any Mortgage Loan that became a Liquidated Mortgage Loan during the related Prepayment Period) received during the related Prepayment Period; (d) that portion of the Repurchase Price representing principal of any Mortgage Loans repurchased by an Originator or the Seller in accordance with a Purchase Agreement or by the Seller in accordance with Section 2.04 herein, in each case to the extent received during the related Prepayment Period; (e) the principal portion of any related Substitution Amount received during the related Prepayment Period; and (f) on the Distribution Date on which the Trust Fund is to be terminated pursuant to Article VII hereof, that portion of the Clean-up Call Price in respect of principal.
Principal Forbearance Amount: With respect to a Mortgage Loan that was the subject of a Servicing Modification, the amount of principal of the Mortgage Loan, if any, that has been deferred and that does not accrue interest.
Principal Prepayment: Any full or partial payment or other recovery of principal on a Mortgage Loan that is received in advance of its scheduled Due Date and that is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.
Proceeding: Any suit in equity, action at law or other judicial or administrative proceeding.
Proprietary Lease: With respect to any Cooperative Property, a lease or occupancy agreement between a Cooperative Corporation and a holder of related Cooperative Shares.
Prospectus: The prospectus supplement dated October 26, 2012 and the accompanying prospectus dated September 13, 2012, relating to the Class A, Class A-IO, Class B-1, Class B-2 and Class B-3 Certificates, together with any supplement thereto.
Purchase Agreement: Each agreement listed on Exhibit H-1, as amended or supplemented from time to time as permitted thereunder and as modified by the related Acknowledgment.
Qualified Appraiser: With respect to each Mortgage Loan, an appraiser, duly appointed by the originator, who had no interest, direct or indirect in the Mortgaged Property or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of the Mortgage Loan, and such appraiser and the appraisal made by such appraiser both satisfy the requirements of Fannie Mae or Freddie Mac (including but not limited to the Appraiser Independence Requirements) and Title XI of FIRREA and the regulations promulgated thereunder, all as in effect on the date the Mortgage Loan was originated.
Qualified Substitute Mortgage Loan: A mortgage loan substituted by an Originator or the Seller, as applicable, for a Deleted Mortgage Loan in accordance with the applicable Purchase Agreement or the Mortgage Loan Purchase and Sale Agreement, as applicable, which must, on the date of such substitution, (a) have an outstanding principal balance, after deduction of all scheduled payments due in the month of substitution (or in the case of a substitution of more than one mortgage loan for a Deleted Mortgage Loan, an aggregate principal balance), not in excess of the Stated Principal Balance of the Deleted Mortgage Loan (the amount of any shortfall will be paid by the Originator or the Seller, as applicable, and distributed to Trust Fund in the month of substitution), (b) have a Mortgage Rate not less than, and not more than one percentage point greater than, the Mortgage Rate of the Deleted Mortgage Loan, (c) have a remaining term to maturity not greater than (and not more than one year less than) that of the Deleted Mortgage Loan, (d) have a Loan-to-Value Ratio at origination no greater than that of the Deleted Mortgage Loan and (e) comply as of the date of substitution with each representation and warranty relating to the Mortgage Loans set forth in the applicable Purchase Agreement.
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Rating Agency: Each of Fitch, KBRA and Moody’s; provided, however, that references to a “Rating Agency” as used in the definition of “Eligible Account” and “Eligible Investments” shall not include KBRA unless KBRA rates the applicable entity or investment.
Rating Agency Information: The notices, information, reports, certifications and oral and written statements required to be provided to each Rating Agency pursuant to this Agreement or Rule 17g-5 under the Exchange Act.
Realized Loss: (a) With respect to each Liquidated Mortgage Loan, an amount (not less than zero or more than the Stated Principal Balance of the Mortgage Loan plus accrued interest) as of the date of such liquidation, equal to (i) the unpaid principal balance of the Liquidated Mortgage Loan as of the date of such liquidation, plus (ii) interest at the Net Mortgage Rate from the Due Date as to which interest was last paid by the borrower to Certificateholders up to the Due Date in the month in which Liquidation Proceeds are required to be distributed on the Stated Principal Balance of such Liquidated Mortgage Loan from time to time, minus (iii) the Net Liquidation Proceeds received during the month in which such liquidation occurred, to the extent not previously applied as recoveries of interest at the Net Mortgage Rate and to principal of the Liquidated Mortgage Loan;
(b) with respect to each Mortgage Loan that has become the subject of a Deficient Valuation, if the principal amount due under the related Mortgage Note has been reduced, the difference between the principal balance of the Mortgage Loan outstanding immediately prior to such Deficient Valuation and the principal balance of the Mortgage Loan as reduced by the Deficient Valuation;
(c) with respect to each Mortgage Loan that has been the subject of a Servicing Modification, any principal due on the Mortgage Loan that has been written off by the related Servicer and any Principal Forbearance Amount; and
(d) with respect to each Class of Certificates, the amount by which the Class Principal Amount is reduced as a result of clauses (a), (b) or (c) above.
Reconciled Market Value: The estimated market value of a Mortgaged Property or REO Property as reasonably determined by the applicable Servicer based on different results obtained from different permitted valuation methods or at different time periods, all in accordance with such Servicer's customary servicing procedures.
Record Date: For the first Distribution Date, the Closing Date. As to any other Distribution Date, the last Business Day of the month preceding the month of such Distribution Date.
Refinancing Mortgage Loan: Any Mortgage Loan originated in connection with the refinancing of an existing mortgage loan.
Regulation AB: Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1123, as such may be amended from time to time, and subject to such clarifications and interpretations as have been provided by the Commission in the adopting release (Asset-Backed Securities, Securities Act Release No. 33-8518, 70 Fed. Reg. 1,506, 1,631 (Jan. 7, 2005)) or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time.
Relevant Servicing Criteria: The Servicing Criteria applicable to each party, as set forth on an exhibit to each Servicing Agreement and Exhibit K hereto. Multiple parties can have responsibility for the same Relevant Servicing Criteria. With respect to a Servicing Function Participant engaged by the Master Servicer, the Securities Administrator or any Servicer, the term “Relevant Servicing Criteria” may refer to a portion of the Relevant Servicing Criteria applicable to such parties.
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Relief Act Shortfalls: With respect to any Distribution Date and any Mortgage Loan as to which there has been a reduction in the amount of interest collectible thereon for the most recently ended calendar month as a result of the application of the Civil Relief Act, the amount, if any, by which (i) interest collectible on such Mortgage Loan for the most recently ended calendar month is less than (ii) interest accrued thereon for such month pursuant to the Mortgage Note.
REMIC: Each pool of assets in the Trust Fund designated as a REMIC as described in the Preliminary Statement to this Agreement.
REMIC Provisions: The provisions of the federal income tax law relating to real estate mortgage investment conduits, which appear at sections 860A through 860G of the Code, and related provisions, and regulations, including proposed regulations and rulings, and administrative pronouncements promulgated thereunder, as the foregoing may be in effect from time to time.
REO Property: A Mortgaged Property acquired by the Trust Fund through foreclosure or deed-in-lieu of foreclosure in connection with a defaulted Mortgage Loan or otherwise treated as having been acquired pursuant to the REMIC Provisions.
Reportable Event: As defined in Section 6.21(c)(i).
Reporting Servicer: As defined in Section 6.21(b)(i).
Repurchase Price: With respect to any Mortgage Loan and the applicable Originator, the “Repurchase Price” as defined in the applicable Purchase Agreement or Servicing Agreement or in the case of the Seller, the “Repurchase Price” as defined in the Mortgage Loan Purchase and Sale Agreement.
Residual Certificate: The Class LT-R Certificates and the Class R Certificates.
Responsible Officer: With respect to any party, any officer in the corporate trust, servicing or master servicing department or similar group of such party with direct responsibility for the administration of this Agreement and also, with respect to a particular matter related to this transaction, any other officer to whom such matter is referred because of his or her knowledge of and familiarity with the particular subject.
Restricted Certificate: Any Class B-4, Class B-5, Class R or Class LT-R Certificate.
Rule 15Ga-1 Information: As defined in Section 4.04(a).
Rule 17g-5 Information Provider: The Securities Administrator.
Rule 17g-5 Website: The website maintained by the Securities Administrator pursuant to Section 4.03.
S&P: Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business, or any successor in interest.
Scheduled Payment: The scheduled monthly payment on a Mortgage Loan due on any Due Date allocable to principal and/or interest on such Mortgage Loan which, unless otherwise specified in the Servicing Agreements, shall give effect to any related Debt Service Reduction, any Deficient Valuation and any Servicing Modification that affects the amount of the monthly payment due on such Mortgage Loan.
Securities Act: The Securities Act of 1933, as amended, and the rules and regulations thereunder.
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Securities Administrator: Wells Fargo Bank, N.A., not in its individual capacity but solely as Securities Administrator, or any successor in interest, or if any successor Securities Administrator shall be appointed as herein provided, then such successor Securities Administrator. Wells Fargo Bank, N.A. shall act as Securities Administrator for so long as it is Master Servicer under this Agreement.
Seller: Redwood Residential Acquisition Corporation, a Delaware corporation.
Senior Certificate: Any one of the Class A and Class A-IO Certificates, as applicable.
Senior Percentage: With respect to each Distribution Date, the percentage equivalent of a fraction, the numerator of which is the Class Principal Amount of the Class A Certificates prior to any distributions of principal, allocations of Realized Losses or allocations of Certificate Writedown Amounts on such Distribution Date, and the denominator of which is the Aggregate Stated Principal Balance of all of the Mortgage Loans as of the preceding Distribution Date.
Senior Prepayment Percentage: With respect to any Distribution Date occurring before the Distribution Date in November 2017, 100%. Except as provided herein, the Senior Prepayment Percentage for any Distribution Date occurring in or after November 2017 shall be as follows:
(i) in or after November 2017 to and including October 2018, the Senior Percentage plus 70% of the Subordinate Percentage for that Distribution Date;
(ii) in or after November 2018 to and including October 2019, the Senior Percentage plus 60% of the Subordinate Percentage for that Distribution Date;
(iii) in or after November 2019 to and including October 2020, the Senior Percentage plus 40% of the Subordinate Percentage for that Distribution Date;
(iv) in or after November 2020 to and including October 2021, the Senior Percentage plus 20% of the Subordinate Percentage for that Distribution Date; and
(v) in or after November 2021, the Senior Percentage for that Distribution Date;
provided, however, that there shall be no reduction in the Senior Prepayment Percentage (other than as a result of a reduction of the Senior Percentage) on any Distribution Date unless the Step-Down Test is satisfied; and provided, further, that if on any such Distribution Date on or after the Distribution Date in November 2017, the Senior Percentage exceeds the initial Senior Percentage, the Senior Prepayment Percentage for that Distribution Date shall again equal 100%.
If on any Distribution Date the allocation to the Class A Certificates of Principal Prepayments and other amounts in the percentage required above would reduce the Class Principal Amount of the Class A Certificates to below zero, the Senior Prepayment Percentage of those amounts for such Distribution Date shall be limited to the percentage necessary to reduce the Class Principal Amount of the Class A Certificates to zero.
Senior Principal Distribution Amount: With respect to the Mortgage Loans and any Distribution Date, the sum of:
(1) the Senior Percentage of all amounts described in clause (a) of the definition of “Principal Distribution Amount” for that Distribution Date;
(2) the Senior Prepayment Percentage of the amounts described in clauses (b), (c), (d), (e) and (f) of the definition of “Principal Distribution Amount”;
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(3) with respect to each Mortgage Loan that became a Liquidated Mortgage Loan during the related Prepayment Period, the lesser of:
(x) Net Liquidation Proceeds allocable to principal received with respect to that Mortgage Loan; and
(y) the Senior Prepayment Percentage of the Stated Principal Balance of that Mortgage Loan; and
(4) any amounts described in clauses (1) through (3) above that remain unpaid with respect to the Senior Certificates from prior Distribution Dates;
provided, however, that
(A) if on any Distribution Date the allocation to the Class A Certificates of the Senior Principal Distribution Amount would reduce the Class Principal Amount of those Certificates to below zero, the distribution to such Class of Certificates of the Senior Principal Distribution Amount for such Distribution Date shall be limited to the amount necessary to reduce the Class Principal Amount of the Class A Certificates to zero;
(B) until the Class Principal Amount of the Class A Certificates is reduced to zero, if on any Distribution Date the aggregate of the Class Principal Amounts of the Subordinate Certificates is less than or equal to 1.25% of the Stated Principal Balance of the Mortgage Loans as of the Closing Date, the Senior Principal Distribution Amount for such Distribution Date and each succeeding Distribution Date will include all principal collections on the Mortgage Loans distributable on that Distribution Date, and the Subordinate Principal Distribution Amount will be zero; and
(C) until the Class Principal Amount of the Class A Certificates is reduced to zero, if on any Distribution Date, the Subordinate Percentage for such Distribution Date is less than 7.30%, the Senior Principal Distribution Amount for such Distribution Date will include all principal collections on the Mortgage Loans distributable on that Distribution Date, and the Subordinate Principal Distribution Amount will be zero.
Servicer: Each Servicer under a Servicing Agreement.
Servicer Compensating Interest Payment: As to any Distribution Date and any Servicer (other than Cenlar FSB) and the Servicing Administrator, the lesser of (1) the Servicing Fee for such Servicer (other than Cenlar FSB) or the aggregate of Cenlar FSB’s Servicing Fee and the Servicing Administrator Fee (in the case of the Servicing Administrator) for such date and (2) any Prepayment Interest Shortfalls with respect to any Mortgage Loans serviced by such Servicer (or in the case of the Servicing Administrator, the Mortgage Loans serviced by Cenlar FSB) for such date.
Servicer Remittance Date: As to any Mortgage Loan serviced by Cenlar FSB, the 20th day of each calendar month or, if such 20th day is not a Business Day, the next succeeding Business Day, and as to any Mortgage Loan serviced by First Republic Bank or PHH Mortgage Corporation, the 18th day of each calendar month or, if such 18th day is not a Business Day, the next succeeding Business Day, in each case commencing in November 2012.
Servicing Administrator: Redwood Residential Acquisition Corporation, as servicing administrator under the Cenlar FSB Servicing Agreement.
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Servicing Administrator Fee: As to any Distribution Date and each Mortgage Loan serviced by Cenlar FSB, an amount equal to the difference, if positive, between the Servicing Fee with respect to such Mortgage Loan and the servicing compensation payable to Cenlar FSB under the applicable Servicing Agreement.
Servicing Advances: As defined in the applicable Servicing Agreement.
Servicing Agreement: Each agreement listed on Exhibit H-2, as amended or supplemented from time to time as permitted thereunder and as modified by the related Acknowledgment.
Servicing Criteria: The criteria set forth in paragraph (d) of Item 1122 of Regulation AB, as such may be amended from time to time.
Servicing Fee: As to any Distribution Date and each Mortgage Loan, an amount equal to the product of (a) one-twelfth of the Servicing Fee Rate and (b) the Stated Principal Balance of such Mortgage Loan as of the first day of the related Due Period. The Servicing Fee payable with respect to the Mortgage Loans serviced by Cenlar FSB will be allocated by Cenlar FSB between the Servicing Administrator and Cenlar FSB as provided in the related Servicing Agreement.
Servicing Fee Rate: For each Servicer, a per annum rate equal to 0.25% or such other rate as may be agreed to by the Master Servicer pursuant to Section 9.01(b) of this Agreement and the related Servicing Agreement; provided that, with respect to each Mortgage Loan serviced by First Republic Bank, the Servicing Fee Rate will be increased by the amount of any increase in the Mortgage Rate for any such Mortgage Loan pursuant to the terms of the related Mortgage Note due to the termination of an automatic debit or direct deposit account; provided further, that the Master Servicer shall have no obligation to confirm or verify any such increase in the Servicing Fee Rate for any such Mortgage Loan serviced by First Republic Bank.
Servicing Function Participant: Any Subservicer or Subcontractor, other than each Servicer, the Servicing Administrator, the Master Servicer, the Securities Administrator or the Trustee, that is participating in the servicing function within the meaning of Regulation AB, unless such Person’s activities relate only to 5% or less of the Mortgage Loans.
Servicing Modification: Any reduction of the Mortgage Rate on or the outstanding principal balance of a Mortgage Loan, any extension of the final maturity date of a Mortgage Loan, any increase to the Stated Principal Balance of a Mortgage Loan by adding to the Stated Principal Balance unpaid principal and interest and other amounts owing under the Mortgage Loan, any Principal Forbearance Amount and any other modification, in each case pursuant to a modification of a Mortgage Loan that is in default or for which, in the judgment of the Servicer of such Mortgage Loan, default is reasonably foreseeable in accordance with the related Servicing Agreement.
Servicing Officer: Any officer of a Servicer involved in, or responsible for, the administration and servicing of the Mortgage Loans whose name and facsimile signature appear on a list of servicing officers furnished to the Master Servicer by the Servicers on the Closing Date pursuant to the Servicing Agreements, as such list may from time to time be amended.
Sponsor: RWT Holdings, Inc., a Delaware corporation.
Startup Day: The day designated as such pursuant to Section 10.01(b) hereof.
Stated Principal Balance: As to any Mortgage Loan and date of determination, the unpaid principal balance of such Mortgage Loan as of the most recent Due Date as determined by the amortization schedule for the Mortgage Loan at the time relating thereto (before any adjustment to such amortization schedule by reason of any moratorium or similar waiver or grace period) after giving effect to any previous
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Servicing Modification, Principal Prepayments and related Liquidation Proceeds allocable to principal and to the payment of principal due on such Due Date (but not unscheduled Principal Prepayments received on such Due Date) and irrespective of any delinquency in payment by the related Mortgagor. For the avoidance of doubt, the Stated Principal Balance of any Mortgage Loan that has been prepaid in full or has become a Liquidated Mortgage Loan during the related Prepayment Period shall be zero.
Step-Down Test: As to any Distribution Date, the test will be satisfied if both of the following conditions are met:
First, the aggregate outstanding principal balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in foreclosure, REO Property or bankruptcy status) and all Mortgage Loans subject to a Servicing Modification within the twelve months prior to that Distribution Date, averaged over the preceding six month period, as a percentage of the aggregate Class Principal Amount of the Subordinate Certificates on such Distribution Date (without giving effect to any payments on such Distribution Date), does not equal or exceed 50%; and
Second, cumulative Realized Losses with respect to the Mortgage Loans plus, with respect to any Mortgage Loans that have been the subject of a Servicing Modification, any interest due on such Mortgage Loans that has been written off by the related Servicer, do not exceed (a) with respect to each Distribution Date occurring in the period from November 2017 to and including October 2018, 20% of the Original Subordinate Class Principal Amount, (b) with respect to each Distribution Date occurring in the period from November 2018 to and including October 2019, 25% of the Original Subordinate Class Principal Amount, (c) with respect to each Distribution Date occurring in the period from November 2019 to and including October 2020, 30% of the Original Subordinate Class Principal Amount, (d) with respect to each Distribution Date in the period from November 2020 to and including October 2021, 35% of the Original Subordinate Class Principal Amount and (e) with respect to the Distribution Date occurring in November 2021 and thereafter, 40% of the Original Subordinate Class Principal Amount.
Subcontractor: Any vendor, subcontractor or other Person that is not responsible for the overall servicing of Mortgage Loans but performs one or more discrete functions identified in Item 1122(d) of Regulation AB with respect to Mortgage Loans under the direction or authority of any Servicer (or a Subservicer of any Servicer), the Master Servicer or the Securities Administrator.
Subordinate Certificate: Any of the Class B-1, Class B-2, Class B-3, Class B-4 or Class B-5 Certificates.
Subordinate Class Percentage: As to any Distribution Date and any Class of Subordinate Certificates, a fraction, expressed as a percentage, the numerator of which is the Class Principal Amount of such Class on such date, and the denominator of which is the aggregate of the Class Principal Amounts of all Classes of Subordinate Certificates on such date.
Subordinate Percentage: With respect to any Distribution Date, the difference between 100% and the Senior Percentage for such Distribution Date. The initial Subordinate Percentage is 7.30%.
Subordinate Prepayment Percentage: With respect to any Distribution Date, the difference between 100% and the Senior Prepayment Percentage for that Distribution Date.
Subordinate Principal Distribution Amount: With respect to any Distribution Date and the Mortgage Loans, an amount equal to the sum of:
(1) the Subordinate Percentage of all amounts described in clause (a) of the definition of “Principal Distribution Amount” for that Distribution Date;
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(2) the Subordinate Prepayment Percentage of all amounts described in clauses (b), (c), (d), (e) and (f) of the definition of “Principal Distribution Amount” for that Distribution Date; and
(3) with respect to each Mortgage Loan that became a Liquidated Mortgage Loan during the related Prepayment Period, the amount of the Net Liquidation Proceeds allocated to principal received with respect thereto remaining after application thereof pursuant to clause (3) of the definition of “Senior Principal Distribution Amount” for that Distribution Date; and
(4) any amounts described in clauses (1) through (3) above for any previous Distribution Date that remain unpaid.
Notwithstanding the above, with respect to any Class of Subordinate Certificates (other than the Class B-1 Certificates), if on any Distribution Date the sum of the Class Subordination Percentage of such Class and the aggregate Class Subordinate Percentages of all Classes of Subordinate Certificates which have lower payment priorities than that Class is less than the Original Applicable Credit Support Percentage for that Class, no distribution of principal will be made to any such Classes on such Distribution Date. Instead, the Subordinate Principal Distribution Amount on that Distribution Date will be allocated among the more senior Classes of Subordinate Certificates, pro rata, based on their respective Class Principal Amounts.
Notwithstanding the above, with respect to each Class of Subordinate Certificates other than the Class B-1 Certificates, if on any Distribution Date the Class Principal Amount of that Class and the aggregate of the Class Principal Amounts of all Classes of Subordinate Certificates that have a lower payment priority than that Class is less than or equal to 1.25% of the Stated Principal Balance of the Mortgage Loans as of the Closing Date, the portion of the Subordinate Principal Distribution Amount otherwise distributable to such Class or Classes on such Distribution Date and each succeeding Distribution Date will be allocated among the Subordinate Certificates with a higher payment priority then entitled to principal, pro rata, based on their respective Class Principal Amounts and any remaining Subordinate Principal Distribution Amount will be included in the Senior Principal Distribution Amount for such Distribution Date.
Until the Class Principal Amount of the Class A Certificates is reduced to zero, if on any Distribution Date the aggregate of the Class Principal Amounts of the Subordinate Certificates is less than or equal to 1.25% of the Stated Principal Balance of the Mortgage Loans as of the Closing Date, the Senior Principal Distribution Amount on such Distribution Date and each succeeding Distribution Date will include all principal collections on the Mortgage Loans distributable on that Distribution Date, and the Subordinate Principal Distribution Amount will be zero.
In addition, until the Class Principal Amount of the Class A Certificates is reduced to zero, if on any Distribution Date the Subordinate Percentage for such Distribution Date is less than 7.30%, the Senior Principal Distribution Amount for such Distribution Date will include all principal collections on the Mortgage Loans distributable on that Distribution Date, and the Subordinate Principal Distribution Amount will be zero.
Subsequent Recovery: Any amount recovered by a Servicer (i) with respect to a Liquidated Mortgage Loan (after reimbursement of any unreimbursed Advances or expenses relating to such Liquidated Mortgage Loan as well as any other previously Liquidated Mortgage Loans) with respect to which a Realized Loss was incurred after the liquidation or disposition of such Mortgage Loan or (ii) as a Principal Forbearance Amount.
Subservicer: Any Person that (i) services Mortgage Loans on behalf of any Servicer, and (ii) is responsible for the performance (whether directly or through sub-servicers or Subcontractors) of Servicing functions that are identified in Item 1122(d) of Regulation AB required to be performed under this Agreement, any related Servicing Agreement or any sub-servicing agreement.
Substitution Amount: For any month in which an Originator or the Seller substitutes one or more Qualified Substitute Mortgage Loans for one or more Deleted Mortgage Loans pursuant to a Purchase
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Agreement or the Mortgage Loan Purchase and Sale Agreement, as applicable, the amount by which the aggregate Repurchase Price of all such Deleted Mortgage Loans exceeds the aggregate Stated Principal Balance of the Qualified Substitute Mortgage Loans, together with one month's interest at the applicable Net Mortgage Rate.
Tax Matters Person: With respect to each of the Lower Tier REMIC and the Upper Tier REMIC, the “tax matters person” as specified in the REMIC Provisions which shall initially be the party described as such in Section 10.01(k).
TIA: The Trust Indenture Act of 1939, as amended, and the rules and regulations thereunder.
TIA Applicability Determination: A determination by the Depositor, of which it informs the Trustee, that the TIA applies to this Agreement or that qualification under the TIA or any similar federal statute is required.
Trust Fund: As defined in Section 2.01 herein.
Trustee: Christiana Trust, a division of Wilmington Savings Fund Society, FSB, not in its individual capacity but solely as Trustee, or any successor in interest, or if any successor trustee or any co-trustee shall be appointed as herein provided, then such successor trustee and such co-trustee, as the case may be.
Trustee Mortgage Files: With respect to each Mortgage Loan, the Mortgage Documents to be retained in the custody and possession of the Trustee or the Custodian on behalf of the Trustee pursuant to the Custodial Agreement.
UCC: The Uniform Commercial Code as enacted in any applicable jurisdiction from time to time.
Underwriter: RBS Securities Inc.
Underwriter’s Exemption: Prohibited Transaction Exemption (“PTE”) 90-59, as most recently amended and restated by PTE 2007-5 (72 Fed. Reg. 13130 (March 20, 2007)) or any substantially similar administrative exemption granted by the U.S. Department of Labor to the Underwriters.
Underwriting Agreement: The Underwriting Agreement, dated October 24, 2012, among the Seller, the Depositor, Redwood Trust, Inc. and the Underwriter.
Upper-Tier REMIC: As described in the Preliminary Statement to this Agreement.
Voting Interests: The portion of the voting rights of all the Certificates that is allocated to any Certificate for purposes of the voting provisions of this Agreement. At all times during the term of this Agreement, 99.00% of all Voting Interests shall be allocated to the Class A, Class B-1, Class B-2, Class B-3, Class B-4 and Class B-5 Certificates in proportion to their respective Certificate Principal Amounts. At all times during the term of this Agreement, 1.00% of all Voting Interests shall be allocated to the Class A-IO Certificates. Voting Interests shall be allocated among the Certificates of each Class based on their Percentage Interests and no Certificate with a principal amount equal to zero will have any voting rights. The Class R Certificates and Class LT-R Certificate shall not have any voting rights.
Section 1.02 Calculations Respecting Mortgage Loans.
Calculations required to be made pursuant to this Agreement with respect to any Mortgage Loan in the Trust Fund shall be made based upon current information as to the terms of the Mortgage Loans and reports of payments received from the Mortgagor on such Mortgage Loans and payments to be made to the
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Securities Administrator as supplied to the Securities Administrator by the Master Servicer. The Securities Administrator shall not be required to recompute, verify or recalculate the information supplied to it by the Master Servicer or any Servicer.
ARTICLE II
DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES
Section 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans.
Concurrently with the execution and delivery of this Agreement, the Depositor does hereby sell, transfer, assign, set over, deposit with and otherwise convey to the Trustee, without recourse, subject to Sections 2.02 and 2.04, in trust, all right, title and interest of the Depositor in and to the Trust Fund consisting of: (i) the Mortgage Loans, including the Mortgage Notes, the Mortgages, and the right to all payments of principal and interest received on or with respect to the Mortgage Loans after the Cut-off Date (other than Scheduled Payments due on or before such date), and all such payments due after such date but received on or prior to such date and intended by the related Mortgagors to be applied after such date; (ii) all of the Depositor’s right, title and interest, if any, in and to all amounts from time to time credited to and the proceeds of the Distribution Account, any Custodial Accounts or any Escrow Account established with respect to the Mortgage Loans; (iii) with respect to the Mortgage Loans, to the extent set forth in the Acknowledgements, the Depositor’s rights under the Purchase Agreements and the Servicing Agreements and all of the Depositor’s rights under the Mortgage Loan Purchase and Sale Agreement; (iv) all of the Depositor’s right, title and interest, if any, in REO Property and the proceeds thereof; (v) all of the Depositor’s rights under any Insurance Policies related to the Mortgage Loans; and (vi) the Depositor’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties (collectively, the “Trust Fund”); and the Trustee declares that, subject to the Custodian's review provided for in Section 2.02, it has received and shall hold the Trust Fund, as trustee, in trust, for the benefit and use of the Holders of the Certificates and for the purposes and subject to the terms and conditions set forth in this Agreement, and, concurrently with such receipt, has caused to be executed, authenticated and delivered to or upon the order of the Depositor, in exchange for the Trust Fund, all of the Certificates in the authorized denominations specified by the Depositor pursuant to Section 3.01(b).
The foregoing sale, transfer, assignment, set-over, deposit and conveyance does not and is not intended to result in the creation or assumption by the Trustee of any obligation of the Depositor, the Seller or any other Person in connection with the Mortgage Loans or any other agreement or instrument relating thereto except as specifically set forth therein.
Notwithstanding anything to the contrary contained herein, the parties hereto acknowledge that the functions of the Trustee with respect to the custody, acceptance and inspection of the Trustee Mortgage Files and release of Mortgage Documents, and preparation and delivery of the certifications relating to the Trustee Mortgage Files shall be performed by the Custodian pursuant to the terms and conditions of the Custodial Agreement. In addition, the Trustee is hereby directed to execute, not in its individual capacity but solely as Trustee hereunder, and deliver the Acknowledgements and the Custodial Agreement. The Master Servicer, the Depositor, the Securities Administrator and the Certificateholders (by their acceptance of such Certificates) acknowledge and agree that the Trustee is executing and delivering the Custodial Agreement and the Acknowledgements solely in its capacity as Trustee and not in its individual capacity.
In connection with such sale, transfer and assignment of the Mortgage Loans, the Depositor does hereby deliver to, and deposit with, or cause to be delivered to and deposited with, the Custodian acting on the Trustee's behalf, the Trustee Mortgage Files.
Section 2.02 Acceptance of Trust Fund by Trustee; Review of Documentation for Trust Fund.
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(a) The Trustee, by execution and delivery hereof and the below-referenced delivery to the Trustee of the Certification and Exception Report, acknowledges receipt by it (or by the Custodian on its behalf) of the Trustee Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by the Custodian on behalf of the Trustee in accordance with Section 3.2 of the Custodial Agreement and the exceptions set forth on the Exception Report. The Custodian, on behalf of the Trustee, will execute and deliver to the Trustee and the Depositor a Certification and Exception Report on the Closing Date in the forms required by the Custodial Agreement.
(b) Within 270 days after the Closing Date, the Custodian, on behalf of the Trustee, will, for the benefit of Holders of the Certificates, review each related Trustee Mortgage File to ascertain that all required documents set forth in the Custodial Agreement have been received and appear on their face to conform with the requirements set forth in Sections 3.2 and 3.3 of the Custodial Agreement.
(c) Nothing in this Agreement shall be construed to constitute an assumption by the Trust Fund, the Trustee, the Custodian or the Certificateholders of any unsatisfied duty, claim or other liability on any Mortgage Loan or to any Mortgagor.
(d) Each of the parties hereto acknowledges that the Custodian shall perform the applicable review of the related Mortgage Loans and respective certifications as provided in the Custodial Agreement.
(e) Upon execution of this Agreement, the Depositor hereby delivers to the Trustee and the Trustee acknowledges receipt of the Acknowledgements, together with the Purchase Agreements, the Servicing Agreements and the Mortgage Loan Purchase and Sale Agreement.
Section 2.03 Representations and Warranties of the Depositor.
(a) The Depositor hereby represents and warrants to the Trustee, for the benefit of the Certificateholders, and to the Master Servicer and the Securities Administrator, as of the Closing Date or such other date as is specified, that:
(i) the Depositor is a corporation duly organized, validly existing and in good standing under the laws governing its creation and existence and has full corporate power and authority to own its property, to carry on its business as presently conducted, to enter into and perform its obligations under this Agreement, and to create the trust pursuant hereto;
(ii) the execution and delivery by the Depositor of this Agreement have been duly authorized by all necessary corporate action on the part of the Depositor; neither the execution and delivery of this Agreement, nor the consummation of the transactions herein contemplated, nor compliance with the provisions hereof, will conflict with or result in a breach of, or constitute a default under, any of the provisions of any law, governmental rule, regulation, judgment, decree or order binding on the Depositor or its properties or the certificate of incorporation or bylaws of the Depositor;
(iii) the execution, delivery and performance by the Depositor of this Agreement and the consummation of the transactions contemplated hereby do not require the consent or approval of, the giving of notice to, the registration with, or the taking of any other action in respect of, any state, federal or other governmental authority or agency, except such as has been obtained, given, effected or taken prior to the date hereof;
(iv) this Agreement has been duly executed and delivered by the Depositor and, assuming due authorization, execution and delivery by the Trustee, the Master Servicer and the Securities Administrator, constitutes a valid and binding obligation of the Depositor enforceable against it in accordance with its terms except as such enforceability may be subject to (A) applicable bankruptcy and insolvency laws and other similar laws affecting the enforcement of the rights of creditors generally and
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(B) general principles of equity regardless of whether such enforcement is considered in a proceeding in equity or at law;
(v) there are no actions, suits or proceedings pending or, to the knowledge of the Depositor, threatened or likely to be asserted, against or affecting the Depositor, before or by any court, administrative agency, arbitrator or governmental body (A) with respect to any of the transactions contemplated by this Agreement or (B) with respect to any other matter which in the judgment of the Depositor will be determined adversely to the Depositor and will if determined adversely to the Depositor materially and adversely affect it or its business, assets, operations or condition, financial or otherwise, or adversely affect its ability to perform its obligations under this Agreement;
(vi) immediately prior to the transfer and assignment of the Mortgage Loans to the Trustee, the Depositor was the sole owner and holder of each Mortgage Loan, and the Depositor had good and marketable title thereto, and had full right to transfer and sell each Mortgage Loan to the Trustee free and clear, subject only to (1) liens of current real property taxes and assessments not yet due and payable and, if the related Mortgaged Property is a condominium unit, any lien for common charges permitted by statute, (2) covenants, conditions and restrictions, rights of way, easements and other matters of public record as of the date of recording of such Mortgage acceptable to mortgage lending institutions in the area in which the related Mortgaged Property is located and specifically referred to in the lender’s title insurance policy or attorney’s opinion of title and abstract of title delivered to the originator of such Mortgage Loan, and (3) such other matters to which like properties are commonly subject which do not, individually or in the aggregate, materially interfere with the benefits of the security intended to be provided by the Mortgage, of any encumbrance, equity, participation interest, lien, pledge, charge, claim or security interest, and had 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;
(vii) This Agreement creates either a sale or a valid and continuing security interest (as defined in the UCC), in the Mortgage Loans in favor of the Trustee, which security interest is prior to all other liens, and is enforceable as such against creditors of and purchasers from the Depositor;
(viii) The Mortgage Notes constitute “instruments” within the meaning of the applicable UCC;
(ix) Other than the security interest or ownership interest granted to the Trustee pursuant to this Agreement, the Depositor has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Mortgage Loans. The Depositor has not authorized the filing of and is not aware of any financing statement against the Depositor that includes a description of the collateral covering the Mortgage Loans other than a financing statement relating to the security interest granted to the Trustee hereunder or that has been terminated. The Depositor is not aware of any judgment or tax lien filings against the Depositor;
(x) None of the Mortgage Loans have any marks or notations indicating that such Mortgage Loans have been pledged, assigned or otherwise conveyed to any Person other than the Trustee; and
(xi) The Depositor has received all consents and approvals required by the terms of the Mortgage Loans to convey the Mortgage Loans hereunder to the Trustee.
The foregoing representations made in this Section 2.03 shall survive the termination of this Agreement and shall not be waived by any party hereto.
Section 2.04 Discovery of Seller Breach; Repurchase of Mortgage Loans.
(a) Pursuant to Section 2 of the Mortgage Loan Purchase and Sale Agreement, the Seller has (i) represented and warranted as of the Closing Date that, immediately prior to its transfer of Mortgage
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Loans under the Mortgage Loan Purchase and Sale Agreement, the Seller owned and had good, valid and marketable title to the Mortgage Loans free and clear of any Lien, claim or encumbrance of any Person and (ii) made certain other representations and warranties with respect to the Mortgage Loans, and each of the Depositor and the Trustee intend that the Mortgage Loans (including any Qualified Substitute Mortgage Loans) included in the Trust Fund satisfy such representations and warranties. The Depositor, for the benefit of the Trustee and the Certificateholders, hereby assigns any rights it has against the Seller with respect to such representations and warranties to the Trustee, and the Seller acknowledges that it has agreed to comply with the provisions of this Section 2.04 in respect of a breach of any of such representations and warranties.
It is understood and agreed that the representations and warranties set forth in Section 2 of the Mortgage Loan Purchase and Sale Agreement shall survive delivery of the Trustee Mortgage Files and the sale and assignment of each Mortgage Loan to the Trustee and shall continue throughout the term of this Agreement. Upon discovery by the Depositor or the Seller of the breach by the Seller of any representation or warranty under the Mortgage Loan Purchase and Sale Agreement in respect of any Mortgage Loan, which materially adversely affects the value of that Mortgage Loan or the interest therein of the Certificateholders (a “Defective Mortgage Loan”) (each of such parties hereby agreeing to give written notice thereof to the Trustee and the other of such parties), the Trustee, or its designee, shall promptly notify the Depositor in writing of such breach and request that the Depositor cure or cause the cure of such breach within 90 days from the earlier of the date that the Depositor discovered or was notified of such breach, and if the Depositor does not cure or cause the cure of such breach in all material respects during such period, the Trustee shall enforce the Seller’s obligation under the Mortgage Loan Purchase and Sale Agreement to repurchase at the Repurchase Price or substitute that Mortgage Loan from the Trust Fund or, other than with respect to a breach of the representation and warranty as to good, valid and marketable title, make an indemnification payment with respect to such Mortgage Loan on or prior to the Determination Date following the expiration of such 90-day period; provided, however, that, in connection with any such breach that could not reasonably have been cured within such 90-day period, the Seller shall be required to repurchase or substitute or make an indemnification payment with respect to the Mortgage Loan no later than 120 days after its discovery or notice of such breach, and provided further, that, if such breach would cause the Mortgage Loan to be other than a “qualified mortgage” (as defined in the Code), then notwithstanding the previous provisions of this paragraph, the Seller shall be required to repurchase or substitute the Defective Mortgage Loan within 60 days from the date the defect was discovered and the Seller shall not have the option to make an indemnification payment with respect to such Mortgage Loan. Each determination as to whether there has been such a breach shall be conducted on a Mortgage Loan-by-Mortgage Loan basis. The Repurchase Price for the repurchased Mortgage Loan shall be deposited in the Distribution Account, and the Trustee, or its designee, upon receipt of written certification of such deposit, shall release to the Seller the related Trustee Mortgage File and shall execute and deliver such instruments of transfer or assignment, in each case without recourse, representation or warranties, as either party shall furnish to the Trustee and as shall be necessary to vest in such party any Mortgage Loan released pursuant hereto and the Trustee, or its designee, shall have no further responsibility with regard to such Trustee Mortgage File (it being understood that the Trustee shall have no responsibility for determining the sufficiency of such assignment for its intended purpose). It is understood and agreed that the obligation of the Seller to cure, to cause the cure of or to repurchase or substitute or make an indemnification payment with respect to any Mortgage Loan as to which such a breach has occurred and is continuing shall constitute the sole remedy against such party respecting such omission, defect or breach available to the Trustee on behalf of the Certificateholders. Costs and expenses incurred by the Trustee pursuant to this Section 2.04, to the extent not reimbursed by the Seller, shall be reimbursed by the Trust Fund, subject to the limitation in clause (C) of the definition of Available Distribution Amount.
(b) The Seller indemnifies and holds the Trust Fund, the Trustee, the Master Servicer, the Securities Administrator, the Depositor and each Certificateholder harmless against any and all taxes, claims, losses, penalties, fines, forfeitures, reasonable legal fees and related costs, judgments, and any other costs, fees and expenses that the Trust Fund, the Trustee, the Master Servicer, the Securities Administrator, the Depositor and any Certificateholder may sustain in connection with any actions of the Seller relating to a repurchase of a Mortgage Loan other than in compliance with the terms of this Section 2.04 and the
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Mortgage Loan Purchase and Sale Agreement, to the extent that any such action causes an Adverse REMIC Event.
Section 2.05 Obligations in Respect of Alleged Breach of Originator Representations and Warranties.
(a) (i) The Trustee shall be obligated to pursue an action against an Originator in respect of any alleged breach of a representation and warranty set forth in the applicable Purchase Agreement or against the Seller if the Seller has an obligation to cure a breach, repurchase or substitute for or make an indemnification payment with respect to a Mortgage Loan under the Mortgage Loan Purchase and Sale Agreement upon its receipt of (1) (A) written direction to do so by the Holders of more than 50% of the Aggregate Voting Interests of the Senior Certificates, for so long as there is a Controlling Holder under this Agreement or (B) written direction to do so by the Holders of more than 50% of the Aggregate Voting Interests of the Certificates, if there is no Controlling Holder under this Agreement and (2) an agreement by Holders directing the Trustee to take such action to provide in advance to the Trustee funds to pay for any fees, costs and expenses incurred by the Trustee, and to provide any indemnification reasonably requested by the Trustee. The Trustee shall provide notice to the Controlling Holder prior to taking any such action. However, Certificateholders shall not have the right to require the Trustee to pursue any action with respect to any Mortgage Loan as to which a final and binding decision by an arbitrator has already been issued, regardless of the particular claims made. In connection with any such action described in this Section 2.05(a)(i), the Trustee shall seek reimbursement for its fees, costs and expenses from the applicable Originator under the terms of the related Purchase Agreement or from the Seller under the terms of the Mortgage Loan Purchase and Sale Agreement if directed to do so by the Certificateholders that provided such funds to the Trustee pursuant to the agreement described in clause (2) above. If the Trustee recovers any such fees, costs and expenses from the Originator or the Seller, as applicable, the Trustee shall pay such amounts to such Certificateholders. To the extent the Trustee is not reimbursed by the Originator or the Seller, as applicable, or the applicable Certificateholders, the Trustee shall be reimbursed by the Trust Fund, subject to the limitation in clause (C) of the definition of Available Distribution Amount.
(ii) In addition, if the Trustee receives written notice, from a Person in a position to have knowledge of the facts and circumstances stated in such notice, of any breach of a representation or warranty regarding a Mortgage Loan made by an Originator or the Seller, which would give rise to an obligation to cure such breach, or repurchase, substitute for or make an indemnification payment with respect to any related Mortgage Loan as described herein, then, unless a final and binding decision by an arbitrator has been issued with respect to such Mortgage Loan, the Trustee in reliance on such notice shall (i) demand that the applicable Originator or the Seller, if the Seller has such an obligation, cure such breach, or repurchase, substitute for or make an indemnification payment with respect to the related Mortgage Loan, and (ii) notify the Certificateholders of the Trustee’s receipt of such notice and of the Trustee’s submission of such demand. If the Originator or Seller, as applicable, responds to the demand within 60 days of the date of the demand, the Trustee will negotiate with such party so long as such party is pursuing negotiations in good faith. If the Originator or Seller does not respond within 60 days of the date of the demand, or if the demand is not resolved within 180 days of such date, then the Trustee will not be required to pursue further action in connection with such demand unless it has received (i) (a) written direction to do so by the Holders of more than 50% of the Aggregate Voting Interests of the Senior Certificates, if there is a Controlling Holder under this Agreement or (b) written direction to do so by the Holders of more than 50% of the Aggregate Voting Interests of the Certificates, if there is no longer a Controlling Holder under this Agreement and (ii) an agreement by Holders directing the Trustee to take such action to provide in advance to the Trustee funds to pay for any fees, costs and expenses incurred by the Trustee, and provide any indemnification reasonably requested by the Trustee. Prior to taking any action at the direction of Certificateholders, the Trustee will notify the Controlling Holder, if any. The Trustee shall seek to recover its fees, costs and expenses from the Originator under the terms of the applicable Purchase Agreement or from the Seller under the terms of the Mortgage Loan Purchase and Sale Agreement if directed to do so by the Certificateholders that provided such funds to the Trustee as described above. If the Trustee recovers any such fees, costs and expenses, it will be obligated to pay such
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amounts to such Certificateholders. To the extent not reimbursed by the Originator or the Seller, as applicable, or the fees, costs and expenses of applicable Certificateholders, the Trustee shall be reimbursed by the Trust Fund, subject to the limitation in clause (C) of the definition of Available Distribution Amount.
(b) (i) The Master Servicer shall promptly notify the Controlling Holder (if any) and the Trustee of each Mortgage Loan that becomes Delinquent for more than 120 days. The Controlling Holder or, if there is no longer a Controlling Holder, the Trustee, shall engage a third party to review each Mortgage Loan that has been Delinquent for more than 120 days, other than any such Mortgage Loan that was the subject of a previous arbitration proceeding under the related Purchase Agreement or under the Mortgage Loan Purchase and Sale Agreement, to review whether any breaches of the representations and warranties given by an Originator under the related Purchase Agreement have occurred or if the Seller has an obligation to cure a breach, repurchase or substitute for or make an indemnification payment with respect to a Mortgage Loan under the Mortgage Loan Purchase and Sale Agreement. Such third party shall be a recognized third party with experience performing due diligence on residential mortgage loans and shall not be the same party that performed the pre-offering review of the Mortgage Loans. Any such review shall include, at a minimum, a review as to whether the Mortgage Loan was underwritten in accordance with the Originator's underwriting standards in effect at the time of origination, whether the Mortgage Loan was originated in accordance with all applicable laws and regulations, and whether any fraud may have occurred in connection with the origination of the Mortgage Loan. The third party shall report its findings and provide an attestation that its review and report have not been influenced or affected by interested parties. If, as a result of such review, there is evidence that a breach of a representation or warranty may have occurred requiring the Originator or the Seller to cure such breach, repurchase or substitute for or make an indemnification payment with respect to the related Mortgage Loan, then the Controlling Holder or the Trustee, as applicable, will enforce such obligation, including participating in an arbitration proceeding pursuant to the related Purchase Agreement or the Mortgage Loan Purchase and Sale Agreement, if necessary. If the Controlling Holder is the same entity as or an Affiliate of the party against which an enforcement action is to be taken, then the Trustee will enforce the remedy obligation of such party. If the Trustee is obligated to take such an action, the Trustee shall first (i) demand that the applicable Originator or the Seller, if the Seller has such an obligation, cure such breach, or repurchase, substitute for or make an indemnification payment with respect to the related Mortgage Loan, and (ii) notify the Certificateholders of the Trustee’s submission of such demand. If the Originator or Seller, as applicable, responds to the demand within 60 days of the date of the demand, the Trustee will negotiate with such party so long as such party is pursuing negotiations in good faith. If the Originator or Seller does not respond within 60 days of the date of the demand, or if the demand is not resolved within 180 days of such date, then the Trustee will not be required to pursue further action in connection with such demand unless it has received (i) (a) written direction to do so by the Holders of more than 50% of the Aggregate Voting Interests of the Senior Certificates, if there is a Controlling Holder under this Agreement or (b) written direction to do so by the Holders of more than 50% of the Aggregate Voting Interests of the Certificates, if there is no longer a Controlling Holder under this Agreement and (ii) an agreement by Holders directing the Trustee to take such action to provide in advance to the Trustee funds to pay for any fees, costs and expenses incurred by the Trustee, and provide any indemnification reasonably requested by the Trustee. In connection with any such action against an Originator or the Seller, the Trustee shall pursue reimbursement for its fees, costs and expenses from such Originator under the terms of the related Purchase Agreement or from the Seller under the terms of the Mortgage Loan Purchase and Sale Agreement, if directed to do so by the Certificateholders that provided such funds to the Trustee as described above. If the Trustee recovers any such fees, costs and expenses, it will be obligated to pay these amounts to such Certificateholders. To the extent not reimbursed by the Originator or the Seller, as applicable, or the applicable Certificateholders, the Trustee shall be reimbursed by the Trust Fund, subject to the limitation in clause (C) of the definition of Available Distribution Amount.
(ii) If, as a result of a review of a Mortgage Loan conducted pursuant to Section 2.05(b)(i) above, the Controlling Holder or the Trustee, as applicable, concludes that a breach of a representation or warranty that would require the Originator or the Seller to cure, repurchase or substitute for or make an indemnification payment with respect to the related Mortgage Loan has not occurred, then
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such party shall notify the Securities Administrator in writing and the Certificateholders shall be notified of this decision and provided details of the review pursuant to a Distribution Date Statement; provided, that the Securities Administrator shall only be required to include such notification and any related details on any Distribution Date Statement to the extent it has received the same. The Certificateholders may direct the Trustee to enforce a remedy obligation despite such a determination by either the Controlling Holder or the Trustee if, within thirty days of notification of the Certificateholders, (i) the Trustee receives written direction to do so by the Holders of more than 50% of the Aggregate Voting Interests of the Certificates and (ii) the Holders directing the Trustee to enforce the remedy obligation agree to provide in advance to the Trustee funds to pay for any costs and expenses incurred by the Trustee and to provide any indemnification reasonably requested by the Trustee. In connection with any such action against an Originator or the Seller, the Trustee shall pursue reimbursement for its fees, costs and expenses from such Originator under the terms of the related Purchase Agreement or from the Seller under the terms of the Mortgage Loan Purchase and Sale Agreement, if directed to do so by the Certificateholders that provided such funds to the Trustee as described above. If the Trustee recovers any such fees, costs and expenses, it will be obligated to pay such amounts to such Certificateholders. To the extent not reimbursed by the originator or the seller, as applicable, or the applicable Certificateholders, the Trustee shall be reimbursed by the Trust Fund, subject to the limitation in clause (C) of the definition of Available Distribution Amount.
(c) If an Originator has breached a representation under the related Purchase Agreement stating that a Mortgage Loan is a “qualified mortgage” (as defined in the REMIC Provisions) and the Originator fails to repurchase such non-qualified Mortgage Loan within ninety days from the date the defect was discovered, the Depositor shall use commercially reasonable efforts to sell such Mortgage Loan for its fair market value, as determined by the Depositor and which may be less than its outstanding principal balance, within ninety days from the date the defect was discovered. The Trustee will release the applicable Mortgage Loan upon receipt of the sale price in accordance with the procedures set forth in Section 2.04(a) hereof.
Section 2.06 Intention of Parties.
(a) Notwithstanding any other provision of this Agreement, it is intended by each of the parties hereto that the conveyance of the Depositor’s right, title and interest in and to property constituting the Trust Fund pursuant to this Agreement shall constitute, and shall be construed as, a sale of such property and not a grant of a security interest to secure a loan or other obligation, so that the Trustee shall be the owner of the Trust Fund for the benefit of the holders of the Certificates.
However, in the event that, notwithstanding the intent of the parties, the Trust Fund is held to be the property of the Depositor, or if for any other reason this Agreement is held or deemed to create a security interest in the Trust Fund, then (a) this Agreement shall constitute a security agreement, and (b) the conveyance provided for in Section 2.01 shall be deemed to be a grant by the Depositor to the Trustee of, and the Depositor hereby grants to the Trustee, to secure all of the Depositor’s obligations hereunder, a security interest in all of the Depositor’s right, title, and interest, whether now owned or hereafter acquired, in and to (i) the Mortgage Loans, (ii) all other property in the Trust Fund, (iii) all accounts, chattel paper, deposit accounts, documents, general intangibles, goods, instruments, investment property, letter of credit rights, letters of credit, money, and oil, gas, and other minerals, consisting of, arising from, or relating to, any of the foregoing, and (iv) all proceeds of the foregoing.
(b) The Depositor shall, to the extent consistent with this Agreement, take such reasonable actions as may be necessary to ensure that, if this Agreement were deemed to create a security interest in the Trust Fund, such security interest would be a perfected security interest of first priority under applicable law and will be maintained as such throughout the term of this Agreement. The Depositor will, at its own expense, make all initial filings on or about the Closing Date and shall forward a copy of such filing or filings to the Trustee. Without limiting the generality of the foregoing, the Depositor shall prepare and forward for filing, or shall cause to be forwarded for filing, at the expense of the Depositor, all filings necessary to maintain the effectiveness of any original filings necessary under the relevant UCC to perfect
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the Trustee’s security interest in the Trust Fund, including without limitation (i) continuation statements, and (ii) such other statements as may be occasioned by (A) any change of name of the Seller, the Depositor or the Trustee, (B) any change of location of the Seller or the Depositor, or (C) any change under the relevant UCC or other applicable laws. Neither of the Seller nor the Depositor shall organize under the law of any jurisdiction other than the State under which each is organized as of the Closing Date (whether changing its jurisdiction of organization or organizing under the laws of an additional jurisdiction) without giving 30 days prior written notice of such action to its immediate and intermediate transferee, including the Trustee. Before effecting such change, the Seller or the Depositor proposing to change its jurisdiction of organization shall prepare and file in the appropriate filing office any financing statements or other statements necessary to continue the perfection of the interests of its immediate and mediate transferees, including the Trustee, in the Mortgage Loans. In connection with the transactions contemplated by this Agreement, each of the Seller and the Depositor authorizes its immediate or mediate transferee to file in any filing office any initial financing statements, any amendments to financing statements, any continuation statements, or any other statements or filings described in this paragraph (b).
Section 2.07 Controlling Holder Assumption of Purchase Agreement and Servicing Agreement Rights.
(a) [Reserved].
(b) By its purchase of the applicable Class of Subordinate Certificates, the Controlling Holder assumes the rights and all related responsibilities of the Trustee as “Purchaser” under each Purchase Agreement and Servicing Agreement as set forth in the “Controlling Holder Rights” section of each applicable Acknowledgement, and shall be entitled to exercise such rights in its sole discretion. The Depositor, the Controlling Holder and each other Certificateholder, by its acceptance of any Certificate or any beneficial ownership interest therein, each acknowledges and agrees that (i) the Controlling Holder may exercise such rights in such a manner that may not be in the best interests of all of the Certificateholders, (ii) none of the Master Servicer, the Securities Administrator or the Trustee shall have any liability with respect to any acts or omissions of the Controlling Holder in the exercise of such rights, and (iii) none of the Master Servicer, the Securities Administrator or the Trustee shall have any duty or obligation to exercise any such rights in the place or stead of the Controlling Holder (so long as there is a Controlling Holder) or to monitor or oversee the exercise of any such rights by the Controlling Holder. The Controlling Holder agrees that it shall exercise its rights in such a manner as will maximize returns to all Classes of Certificateholders taken as a whole.
(c) Each of the Master Servicer, the Securities Administrator and the Trustee shall cooperate with the Controlling Holder as may be reasonably necessary for the Controlling Holder to exercise its rights hereunder and under the Purchase Agreements and the Servicing Agreements; provided, however, that, except as otherwise provided in Section 2.05, the Trustee shall not be required to take any legal action or participate in or facilitate any arbitration proceeding or other litigation relating to the Mortgage Loans or the obligations of the Originators or Servicers with respect thereto unless and until it is directed in writing by the Controlling Holder and it is assured of the recovery of its expenses from the Controlling Holder.
(d) The Controlling Holder shall indemnify each of the Master Servicer, the Securities Administrator and the Trustee and hold it harmless from and against any claim, loss, liability, damage, cost or expense (including, without limitation, reasonable legal fees and expenses) incurred or expended by the Master Servicer, the Securities Administrator or the Trustee (without negligence or willful misconduct on the part of the Master Servicer, the Securities Administrator or the Trustee) with respect to claims of a third party arising from any act or omission of the Controlling Holder in the exercise of its rights as Controlling Holder hereunder and under the Purchase Agreements and the Servicing Agreements.
(e) If the Controlling Holder transfers its ownership interest in any Class of Certificates in a manner resulting in there being no Controlling Holder under this Agreement or a change in the Controlling Holder, it shall so notify the Master Servicer, the Securities Administrator and the Trustee. If the
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Depositor has actual knowledge of a change in Controlling Holder or that there is no Controlling Holder under this Agreement, it shall so notify the Master Servicer, the Securities Administrator and the Trustee.
Section 2.08 Obligations in Respect of Proposed Eminent Domain Mortgage Loan Acquisition
(a) The Master Servicer or the Trustee shall promptly notify the Controlling Holder (if any), and the Master Servicer or the Trustee, as applicable, if it has received notice that any governmental entity intends to acquire a Mortgage Loan through the exercise of its power of eminent domain. The Controlling Holder shall obtain or cause to be obtained or, if there is no longer a Controlling Holder, the Trustee shall cause the related Servicer to obtain, a valuation on the related property in the form of a broker’s price opinion or another valuation method that it deems appropriate. The Controlling Holder, if any, may also engage a third party to review each such Mortgage Loan to determine whether the payment offered by such governmental entity for the Mortgage Loan is the fair market value (the “Fair Value”) of such Mortgage Loan. Any such third party reviewer must be a recognized third party with experience performing valuations of residential mortgage loans. The Controlling Holder, if any, also may engage legal counsel to assess the legality of such governmental entity’s proposed exercise of its power of eminent domain to acquire the Mortgage Loan to determine whether there are bona fide legal grounds for contesting such acquisition (without regard to issues relating to the amount of compensation to be paid) (each such determination referred to herein as a “legality determination”). If, as a result of such review, the Controlling Holder determines that the offered payment does not constitute the Fair Value of the Mortgage Loan or that there may be bona fide legal grounds to contest such proposed acquisition, then the Controlling Holder may contest such acquisition through appropriate legal proceedings.
(b) If, as a result of a review conducted pursuant to Section 2.08(a) above, the Controlling Holder concludes that it will not contest the proposed acquisition, then the Controlling Holder shall notify the Securities Administrator and the Trustee in writing and the Securities Administrator shall notify the Certificateholders of this decision and provide details of the review pursuant to a Distribution Date Statement; provided, that the Securities Administrator shall only be required to include such notification and any related details on any Distribution Date Statement to the extent it has received the same. After such notification has been delivered, notwithstanding such a determination by the Controlling Holder, the Certificateholders may direct the Trustee to contest an acquisition of a Mortgage Loan through exercise of the power of eminent domain, or the amount of the offered payment for such Mortgage Loan, if, within thirty days of notification of the Certificateholders, (i) the Trustee receives written direction to do so by the Holders of more than 50% of the Aggregate Voting Interests of the Certificates and (ii) the Holders directing the Trustee to take such action agree to provide in advance to the Trustee funds to pay for any fees, costs and expenses incurred by the Trustee and to provide any indemnification reasonably requested by the Trustee. In connection with any such action, the Trustee shall pursue reimbursement for its fees, costs and expenses from the governmental entity, if directed to do so by the Certificateholders that provided such funds to the Trustee as described above. If the Trustee recovers any such fees, costs and expenses, it shall be obligated to pay such amounts to such Certificateholders unless the Certificateholders directing the Trustee have not satisfied their obligations to pay the fees, costs, expenses and indemnities of the Trustee in taking such action, in which case such amounts shall be retained by the Trustee for such purposes. To the extent not reimbursed by the governmental entity or the Certificateholders, the Trustee shall be reimbursed by the Trust Fund for any costs incurred by it in connection with the performance of such duties, subject to the limitation in clause (C) of the definition of Available Distribution Amount.
(c) If there is no longer a Controlling Holder, the Trustee shall notify the Certificateholders that it has received notice that a governmental entity intends to acquire a Mortgage Loan through the exercise of its power of eminent domain and of the results of the valuation on the related property obtained. The Trustee shall take such other actions with respect to the action of the governmental authority as are consistent with the instructions of the Certificateholders, provided the Trustee shall have no duty or obligation to take such actions except (i) in accordance with the written direction by the Holders of more than 50% of the Aggregate Voting Interests of the Certificates and (ii) an agreement by Holders directing the Trustee to take such action to provide in advance to the Trustee funds to pay for any fees, costs and expenses incurred by the Trustee, and provide any indemnification reasonably requested by the Trustee. In
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connection with any such action, the Trustee shall pursue reimbursement for its fees, costs and expenses from such governmental entity if directed to do so by the Certificateholders that provided such funds to the Trustee as described above. If the Trustee recovers any such fees, costs and expenses, it shall be obligated to reimburse such amounts to such Certificateholders unless the Certificateholders directing the Trustee have not satisfied their obligations to pay the fees, costs, expenses and indemnities of the Trustee in taking such action, in which case such amounts shall be retained by the Trustee for such purposes. To the extent not reimbursed by the governmental entity or the Certificateholders, the Trustee shall be reimbursed by the Trust Fund for any costs incurred by it in connection with the performance of such duties, subject to the limitation in clause (C) of the definition of Available Distribution Amount.
For the avoidance of doubt, neither the Controlling Holder nor The trustee shall be liable for any legality determination or determination of Fair Value made as described above, or any actions taken by them with respect to or in reliance on such determinations.
(d) In performing its duties under this Section 2.08, each of the Controlling Holder and the Trustee may rely upon, and shall be protected in acting or refraining from acting upon, any legality determination by a nationally recognized law firm and any determination of Fair Value by a recognized third party with experience in performing valuations of residential mortgage loans.
ARTICLE III
THE CERTIFICATES
Section 3.01 The Certificates.
(a) The Certificates shall be issuable in registered form only and shall be securities governed by Article 8 of the New York UCC. The Certificates will be evidenced by one or more certificates, ownership of which will be held in the minimum denominations in Certificate Principal Amount or Notional Amount specified in the Preliminary Statement to this Agreement and in integral multiples of $1 in excess thereof, or in the Percentage Interests specified in the Preliminary Statement to this Agreement, as applicable.
(b) The Certificates shall be executed by manual or facsimile signature on behalf of the Trustee by an authorized officer of the Trustee. Each Certificate shall, on original issue, be authenticated by the Authenticating Agent upon the order of the Depositor upon the sale of the Mortgage Loans to the Trustee as described in Section 2.01. No Certificate shall be entitled to any benefit under this Agreement, or be valid for any purpose, unless there appears on such Certificate a certificate of authentication substantially in the form provided for herein, executed by an authorized officer of the Authenticating Agent, by manual signature, and such certification upon any Certificate shall be conclusive evidence, and the only evidence, that such Certificate has been duly authenticated and delivered hereunder. All Certificates shall be dated the date of their authentication.
(c) The Class B-4, Class B-5, Class R and Class LT-R Certificates are offered and sold in reliance on the exemption from registration under Rule 144A under the Securities Act and shall be issued with the applicable legends set forth in Exhibit A. The Class B-4 and Class B-5 Certificates shall be issued initially as Definitive Certificates and the Class R and Class LT-R Certificates shall be issued only as Definitive Certificates.
Section 3.02 Registration.
The Securities Administrator is hereby appointed, and the Securities Administrator hereby accepts its appointment as, initial Certificate Registrar in respect of the Certificates and shall maintain books for the registration and for the transfer of Certificates (the “Certificate Register”). A registration book shall be
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maintained for the Certificates collectively. The Certificate Registrar may at any time resign by giving at least 30 days' advance written notice of resignation to the Trustee, the Depositor and the Master Servicer. The Trustee may at any time remove the Certificate Registrar by giving written notice of such removal to such Certificate Registrar, the Depositor and the Master Servicer. Upon receiving a notice of resignation or upon such a removal, the Trustee may appoint a bank or trust company to act as successor certificate registrar, shall give written notice of such appointment to the Depositor and the Master Servicer and shall mail notice of such appointment to all Holders of Certificates. Any successor certificate registrar upon acceptance of its appointment hereunder shall become vested with all the rights, powers, duties and responsibilities of its predecessor hereunder, with like effect as if originally named as Certificate Registrar. The Certificate Registrar may appoint, by a written instrument delivered to the Holders and the Master Servicer, any bank or trust company to act as co-registrar under such conditions as the Certificate Registrar may prescribe; provided, however, that the Certificate Registrar shall not be relieved of any of its duties or responsibilities hereunder by reason of such appointment.
Section 3.03 Transfer and Exchange of Certificates.
(a) A Certificate (other than Book-Entry Certificates which shall be subject to Section 3.09 hereof) may be transferred by the Holder thereof only upon presentation and surrender of such Certificate at the office of the Certificate Registrar duly endorsed or accompanied by an assignment duly executed by such Holder or his duly authorized attorney in such form as shall be satisfactory to the Certificate Registrar. Upon the transfer of any Certificate in accordance with the preceding sentence, the Trustee shall execute, and the Authenticating Agent shall authenticate and deliver to the transferee, one or more new Certificates of the same Class and evidencing, in the aggregate, the same aggregate Certificate Principal Amount (or Notional Amount) as the Certificate being transferred. No service charge shall be made to a Certificateholder for any registration of transfer of Certificates, but the Certificate Registrar may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any registration of transfer of Certificates.
(b) A Certificate may be exchanged by the Holder thereof for any number of new Certificates of the same Class, in authorized denominations, representing in the aggregate the same Certificate Principal Amount (or Notional Amount) as the Certificate surrendered, upon surrender of the Certificate to be exchanged at the office of the Certificate Registrar duly endorsed or accompanied by a written instrument of transfer duly executed by such Holder or his duly authorized attorney in such form as is satisfactory to the Certificate Registrar. Certificates delivered upon any such exchange will evidence the same obligations, and will be entitled to the same rights and privileges, as the Certificates surrendered. No service charge shall be made to a Certificateholder for any exchange of Certificates, but the Certificate Registrar may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any exchange of Certificates. Whenever any Certificates are so surrendered for exchange, the Trustee shall execute, and the Authenticating Agent shall authenticate, date and deliver the Certificates which the Certificateholder making the exchange is entitled to receive.
(c) By acceptance of a Restricted Certificate, whether upon original issuance or subsequent transfer, each Holder of such a Certificate acknowledges the restrictions on the transfer of such Certificate set forth thereon and agrees that it will transfer such a Certificate only as provided herein.
The following restrictions shall apply with respect to the transfer and registration of transfer of a Restricted Certificate to a transferee that takes delivery in the form of a Definitive Certificate:
(i) The Certificate Registrar shall register the transfer of a Restricted Certificate if the requested transfer is (x) to the Depositor or an affiliate (as defined in Rule 405 under the Securities Act) of the Depositor or (y) being made to a “qualified institutional buyer” (a “QIB”) as defined in Rule 144A under the Securities Act by a transferor that has provided the Certificate Registrar with a certificate in the form of Exhibit E-1 hereto and has furnished to the Certificate Registrar a certificate of the transferee in the form of Exhibit E-2 hereto; and
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(ii) The Certificate Registrar shall register the transfer of a Restricted Certificate if the requested transfer is being made to an “accredited investor” under Rule 501(a)(1), (2), (3) or (7) under the Securities Act, or to any Person all of the equity owners in which are such accredited investors, by a transferor who furnishes to the Certificate Registrar a letter of the transferee substantially in the form of Exhibit F hereto.
(d) (i) No transfer of an ERISA-Restricted Certificate in the form of a Definitive Certificate shall be made to any Person or shall be effective unless the Certificate Registrar, on behalf of the Securities Administrator, has received (A) a certificate substantially in the form of Exhibit G hereto (or Exhibit B, in the case of a Residual Certificate) from such transferee or (B) in the case of an ERISA-Restricted Certificate that is not a Residual Certificate, an Opinion of Counsel satisfactory to the Certificate Registrar to the effect that the purchase and holding of such a Certificate will not constitute or result in prohibited transactions under Title I of ERISA or Section 4975 of the Code and will not subject the Certificate Registrar, the Trustee, the Master Servicer, the Depositor or the Securities Administrator to any obligation in addition to those undertaken in this Agreement; provided, however, that the Certificate Registrar will not require such certificate or opinion in the event that, as a result of a change of law or otherwise, counsel satisfactory to the Certificate Registrar has rendered an opinion to the effect that the purchase and holding of an ERISA-Restricted Certificate (other than a Residual Certificate) by a Plan or a Person that is purchasing or holding such a Certificate with the assets of a Plan will not constitute or result in a prohibited transaction under Title I of ERISA or Section 4975 of the Code. Each Transferee of an ERISA-Restricted Certificate that is a Book-Entry Certificate shall be deemed to have made the representations set forth in Exhibit G. The preparation and delivery of the certificate and opinions referred to above shall not be an expense of the Trust Fund, the Certificate Registrar, the Trustee, the Master Servicer, the Depositor or the Securities Administrator.
Notwithstanding the foregoing, no opinion or certificate shall be required for the initial issuance of the ERISA-Restricted Certificates. The Certificate Registrar shall have no obligation to monitor transfers of Book-Entry Certificates that are ERISA-Restricted Certificates and shall have no liability for transfers of such Certificates in violation of the transfer restrictions. The Certificate Registrar shall be under no liability to any Person for any registration of transfer of any ERISA-Restricted Certificate that is in fact not permitted by this Section 3.03(d) and none of the Securities Administrator, the Trustee or the Paying Agent shall have any liability for making any payments due on such Certificate to the Holder thereof or taking any other action with respect to such Holder under the provisions of this Agreement so long as the transfer was registered by the Certificate Registrar in accordance with the foregoing requirements. The Securities Administrator, on behalf of the Trustee, shall be entitled, but not obligated, to recover from any Holder of any ERISA-Restricted Certificate that was in fact a Plan or a Person acting on behalf of, or an entity holding “plan assets” of, a Plan any payments made on such ERISA-Restricted Certificate at and after either such time. Any such payments so recovered by the Securities Administrator shall be paid and delivered by the Securities Administrator to the last preceding Holder of such Certificate that is not such a Plan or Person acting on behalf of, or an entity holding “plan assets” of, a Plan.
(ii) If any ERISA-Restricted Certificate, or any interest therein, is acquired or held in violation of the provisions of the preceding two paragraphs, then upon receipt by the Certificate Registrar of written notice that the registration of transfer of such ERISA-Restricted Certificate was not permitted by this Section 3.03(d), the next preceding permitted beneficial owner will be treated as the beneficial owner of that ERISA-Restricted Certificate, retroactive to the date of transfer to the purported beneficial owner. Any purported beneficial owner whose acquisition or holding of an ERISA-Restricted Certificate, or interest therein, was effected in violation of the provisions of the preceding paragraph shall indemnify to the extent permitted by law and hold harmless the Depositor and the Certificate Registrar from and against any and all liabilities, claims, costs or expenses incurred by such parties as a result of such acquisition or holding.
(e) As a condition of the registration of transfer or exchange of any Certificate, the Certificate Registrar may require the certified taxpayer identification number of the owner of the Certificate and the payment of a sum sufficient to cover any tax or other governmental charge imposed in connection
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therewith; provided, however, that the Certificate Registrar shall have no obligation to require such payment or to determine whether or not any such tax or charge may be applicable. No service charge shall be made to the Certificateholder for any registration, transfer or exchange of a Certificate.
(f) Notwithstanding anything to the contrary contained herein, no Residual Certificate may be owned, pledged or transferred, directly or indirectly, by or to (i) a Disqualified Organization or (ii) an individual, corporation or partnership or other person unless such person is (A) not a Non-U.S. Person or (B) is a Non-U.S. Person that holds a Residual Certificate in connection with the conduct of a trade or business within the United States and has furnished the transferor and the Certificate Registrar with an effective Internal Revenue Service Form W-8ECI or successor form at the time and in the manner required by the Code (any such person who is not covered by clause (A) or (B) above is referred to herein as a “Non-permitted Foreign Holder”).
Prior to and as a condition of the registration of any transfer, sale or other disposition of a Residual Certificate, the proposed transferee shall deliver to the Certificate Registrar, on behalf of the Trustee, an affidavit in substantially the form attached hereto as Exhibit B representing and warranting, among other things, that such transferee is neither a Disqualified Organization, an agent or nominee acting on behalf of a Disqualified Organization, nor a Non-permitted Foreign Holder (any such transferee, a “Permitted Transferee”), and the proposed transferor shall deliver to the Certificate Registrar an affidavit in substantially the form attached hereto as Exhibit C. In addition, the Certificate Registrar may (but shall have no obligation to) require, prior to and as a condition of any such transfer, the delivery by the proposed transferee of an Opinion of Counsel, addressed to the Certificate Registrar and the Depositor, that such proposed transferee or, if the proposed transferee is an agent or nominee, the proposed beneficial owner, is not a Disqualified Organization, agent or nominee thereof, or a Non-permitted Foreign Holder. Notwithstanding the registration in the Certificate Register of any transfer, sale, or other disposition of a Residual Certificate to a Disqualified Organization, an agent or nominee thereof, or Non-permitted Foreign Holder, such registration shall be deemed to be of no legal force or effect whatsoever and such Disqualified Organization, agent or nominee thereof, or Non-permitted Foreign Holder shall not be deemed to be a Certificateholder for any purpose hereunder, including, but not limited to, the receipt of distributions on such Residual Certificate. The Depositor, the Certificate Registrar, the Trustee, the Securities Administrator and the Paying Agent shall be under no liability to any Person for any registration or transfer of a Residual Certificate to a Disqualified Organization, agent or nominee thereof or Non-permitted Foreign Holder or for the Paying Agent making any payments due on such Residual Certificate to the Holder thereof or for taking any other action with respect to such Holder under the provisions of this Agreement, so long as the transfer was effected in accordance with this Section 3.03(f), unless a Responsible Officer of the Certificate Registrar shall have actual knowledge at the time of such transfer or the time of such payment or other action that the transferee is a Disqualified Organization, or an agent or nominee thereof, or Non-permitted Foreign Holder. The Certificate Registrar shall be entitled, but not obligated, to recover from any Holder of a Residual Certificate that was a Disqualified Organization, agent or nominee thereof, or Non-permitted Foreign Holder at the time it became a Holder or any subsequent time it became a Disqualified Organization, agent or nominee thereof, or Non-permitted Foreign Holder, all payments made on such Residual Certificate at and after either such times (and all costs and expenses, including but not limited to attorneys’ fees, incurred in connection therewith). Any payment (not including any such costs and expenses) so recovered by the Certificate Registrar shall be paid and delivered to the last preceding Holder of such Residual Certificate.
If any purported transferee shall become a registered Holder of a Residual Certificate in violation of the provisions of this Section 3.03(f), then upon receipt by the Certificate Registrar of written notice that the registration of transfer of such Residual Certificate was not in fact permitted by this Section 3.03(f), the last preceding Permitted Transferee shall be restored to all rights as Holder thereof retroactive to the date of such registration of transfer of such Residual Certificate. The Depositor, the Certificate Registrar, the Securities Administrator, the Trustee and the Paying Agent shall be under no liability to any Person for any registration of transfer of a Residual Certificate that is in fact not permitted by this Section 3.03(f), or for the Paying Agent making any payment due on such Certificate to the registered Holder thereof or for taking
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any other action with respect to such Holder under the provisions of this Agreement so long as the transfer was registered upon receipt of the affidavit described in the preceding paragraph of this Section 3.03(f).
The following legend shall appear on all Residual Certificates:
ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY IF THE PROPOSED TRANSFEREE PROVIDES A TRANSFER AFFIDAVIT TO THE DEPOSITOR AND THE CERTIFICATE REGISTRAR, ON BEHALF OF THE TRUSTEE THAT (1) SUCH TRANSFEREE IS NOT EITHER (A) THE UNITED STATES, ANY STATE OR POLITICAL SUBDIVISION THEREOF, ANY FOREIGN GOVERNMENT, ANY INTERNATIONAL ORGANIZATION, OR ANY AGENCY OR INSTRUMENTALITY OF ANY OF THE FOREGOING, (B) ANY ORGANIZATION (OTHER THAN A COOPERATIVE DESCRIBED IN SECTION 521 OF THE CODE) WHICH IS EXEMPT FROM THE TAX IMPOSED BY CHAPTER 1 OF THE CODE UNLESS SUCH ORGANIZATION IS SUBJECT TO THE TAX IMPOSED BY SECTION 511 OF THE CODE, (C) ANY ORGANIZATION DESCRIBED IN SECTION 1381(a)(2)(C) OF THE CODE, (D) AN ELECTING LARGE-PARTNERSHIP WITHIN THE MEANING OF SECTION 775 OF THE CODE (ANY SUCH PERSON DESCRIBED IN THE FOREGOING CLAUSES (A), (B), (C) OR (D) BEING HEREINAFTER REFERRED TO AS A “DISQUALIFIED ORGANIZATION”), OR (E) AN AGENT OF A DISQUALIFIED ORGANIZATION AND (2) NO PURPOSE OF SUCH TRANSFER IS TO ENABLE THE TRANSFEROR TO IMPEDE THE ASSESSMENT OR COLLECTION OF TAX. SUCH AFFIDAVIT SHALL INCLUDE CERTAIN REPRESENTATIONS AS TO THE FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE AND ITS STATUS AS A NON-US PERSON (IF APPLICABLE). NOTWITHSTANDING THE REGISTRATION IN THE CERTIFICATE REGISTER OF ANY TRANSFER, SALE OR OTHER DISPOSITION OF THIS CLASS [R] [LT-R] CERTIFICATE TO A DISQUALIFIED ORGANIZATION OR AN AGENT OF A DISQUALIFIED ORGANIZATION, SUCH REGISTRATION SHALL BE DEEMED TO BE OF NO LEGAL FORCE OR EFFECT WHATSOEVER AND SUCH PERSON SHALL NOT BE DEEMED TO BE A CERTIFICATEHOLDER FOR ANY PURPOSE HEREUNDER, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF DISTRIBUTIONS ON THIS CERTIFICATE. EACH HOLDER OF THE CLASS [R] [LT-R] CERTIFICATE BY ACCEPTANCE OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE CONSENTED TO THE PROVISIONS OF THIS PARAGRAPH.
(g) Each Holder or Certificate Owner of a Restricted Certificate, ERISA-Restricted Certificate or Residual Certificate, or an interest therein, by such Holder’s or Owner’s acceptance thereof, shall be deemed for all purposes to have consented to the provisions of this section.
(h) Neither the Seller nor the Depositor shall be the Holder of any Subordinate Certificates.
Section 3.04 Cancellation of Certificates.
Any Certificate surrendered for registration of transfer or exchange shall be cancelled and retained in accordance with normal retention policies with respect to cancelled certificates maintained by the Trustee or the Certificate Registrar.
Section 3.05 Replacement of Certificates.
If (i) any Certificate is mutilated and is surrendered to the Certificate Registrar or (ii) the Certificate Registrar receives evidence to its satisfaction of the destruction, loss or theft of any Certificate, and there is delivered to the Certificate Registrar such security or indemnity as may be required by them to save each of them harmless, then, in the absence of written notice to the Certificate Registrar that such destroyed, lost or stolen Certificate has been acquired by a protected purchaser, the Trustee shall execute
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and the Authenticating Agent shall authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Certificate, a new Certificate of like tenor and Certificate Principal Amount. Upon the issuance of any new Certificate under this Section 3.05, the Depositor or the Certificate Registrar may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee, the Depositor, the Certificate Registrar or the Securities Administrator) connected therewith. Any replacement Certificate issued pursuant to this Section 3.05 shall constitute complete and indefeasible evidence of ownership in the applicable Trust Fund, as if originally issued, whether or not the lost, stolen or destroyed Certificate shall be found at any time.
If after the delivery of such new Certificate, a protected purchaser of the original Certificate in lieu of which such new Certificate was issued presents for payment such original Certificate, the Depositor, the Securities Administrator, the Certificate Registrar, the Paying Agent and the Trustee or any agent shall be entitled to recover such new Certificate from the Person to whom it was delivered or any Person taking therefrom, except a protected purchaser, and shall be entitled to recover upon the security or indemnity provided therefor to the extent of any loss, damage, cost or expenses incurred by the Depositor, the Securities Administrator, the Certificate Registrar, the Paying Agent, the Trustee or any agent in connection therewith.
Section 3.06 Persons Deemed Owners.
Subject to the provisions of Section 3.09 with respect to Book-Entry Certificates, the Depositor, the Securities Administrator, the Master Servicer, the Trustee, the Certificate Registrar, the Paying Agent and any agent of any of them shall treat the Person in whose name any Certificate is registered upon the books of the Certificate Registrar as the owner of such Certificate for the purpose of receiving distributions pursuant to Sections 5.01 and 5.02 and for all other purposes whatsoever, and none of the Depositor, the Securities Administrator, the Master Servicer, the Trustee, the Certificate Registrar, the Paying Agent or any agent of any of them shall be affected by notice to the contrary.
Section 3.07 Temporary Certificates.
(a) Pending the preparation of definitive Certificates, upon the order of the Depositor, the Trustee shall execute and the Authenticating Agent shall authenticate and deliver temporary Certificates that are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Certificates in lieu of which they are issued and with such variations as the authorized officers executing such Certificates may determine, as evidenced by their execution of such Certificates.
(b) If temporary Certificates are issued, the Depositor will cause definitive Certificates to be prepared without unreasonable delay. After the preparation of definitive Certificates, the temporary Certificates shall be exchangeable for definitive Certificates upon surrender of the temporary Certificates at the office or agency of the Certificate Registrar without charge to the Holder. Upon surrender for cancellation of any one or more temporary Certificates, the Trustee shall execute and the Authenticating Agent shall authenticate and deliver in exchange therefor a like aggregate Certificate Principal Amount of definitive Certificates of the same Class in the authorized denominations. Until so exchanged, the temporary Certificates shall in all respects be entitled to the same benefits under this Agreement as definitive Certificates of the same Class.
Section 3.08 Appointment of Paying Agent.
The Trustee may appoint a Paying Agent (which may be the Trustee) for the purpose of making distributions to the Certificateholders hereunder. The Trustee hereby appoints the Securities Administrator as the initial Paying Agent. The Trustee shall cause any Paying Agent, other than the Securities Administrator or itself, to execute and deliver to the Trustee an instrument in which such Paying Agent
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shall agree with the Trustee and the Securities Administrator, and the Securities Administrator as initial Paying Agent hereby agrees with the Trustee, that such Paying Agent will hold all sums held by it for the payment to the Certificateholders in an Eligible Account (which shall be the Distribution Account) in trust for the benefit of the Certificateholders entitled thereto until such sums shall be paid to the Certificateholders. All funds remitted by the Securities Administrator to any such Paying Agent for the purpose of making distributions shall be paid to the Certificateholders on each Distribution Date and any amounts not so paid shall be returned on such Distribution Date to the Securities Administrator. If the Paying Agent is not the Securities Administrator, the Securities Administrator shall cause to be remitted to the Paying Agent on or before the Business Day prior to each Distribution Date, by wire transfer in immediately available funds, the funds to be distributed on such Distribution Date. Any Paying Agent shall be either a bank or trust company or otherwise authorized under law to exercise corporate trust powers.
Section 3.09 Book-Entry Certificates.
(a) Each Class of Book-Entry Certificates, upon original issuance, shall be issued in the form of one or more typewritten Certificates representing the Book-Entry Certificates. The Book-Entry Certificates shall initially be registered on the Certificate Register in the name of the nominee of the Clearing Agency, and no Certificate Owner will receive a definitive certificate representing such Certificate Owner’s interest in the Book-Entry Certificates, except as provided in Section 3.09(c). Unless Definitive Certificates have been issued to Certificate Owners of Book-Entry Certificates pursuant to Section 3.09(c):
(i) the provisions of this Section 3.09 shall be in full force and effect;
(ii) the Certificate Registrar, the Securities Administrator, the Paying Agent and the Trustee shall deal with the Clearing Agency for all purposes (including the making of distributions on the Book-Entry Certificates) as the authorized representatives of the Certificate Owners and the Clearing Agency and shall be responsible for crediting the amount of such distributions to the accounts of such Persons entitled thereto, in accordance with the Clearing Agency’s normal procedures;
(iii) to the extent that the provisions of this Section 3.09 conflict with any other provisions of this Agreement, the provisions of this Section 3.09 shall control; and
(iv) the rights of Certificate Owners shall be exercised only through the Clearing Agency and the Clearing Agency Participants and shall be limited to those established by law and agreements between such Certificate Owners and the Clearing Agency and/or the Clearing Agency Participants. Unless and until Definitive Certificates are issued pursuant to Section 3.09(c), the initial Clearing Agency will make book-entry transfers among the Clearing Agency Participants and receive and transmit distributions of principal of and interest on the Book-Entry Certificates to such Clearing Agency Participants.
(b) Whenever notice or other communication to the Certificateholders is required under this Agreement, unless and until Definitive Certificates shall have been issued to Certificate Owners pursuant to Section 3.09(c), the Securities Administrator or the Trustee, as the case may be, shall give all such notices and communications specified herein to be given to Holders of the Book-Entry Certificates to the Clearing Agency.
(c) If (i) (A) the Clearing Agency or the Depositor advises the Paying Agent in writing that the Clearing Agency is no longer willing or able to discharge properly its responsibilities with respect to the Book-Entry Certificates, and (B) the Depositor is unable to locate a qualified successor satisfactory to the Depositor and the Paying Agent or (ii) after the occurrence of an Event of Default, Certificate Owners representing beneficial interests aggregating not less than 50% of the Class Principal Amount of a Class of Book-Entry Certificates advise the Paying Agent and the Clearing Agency through the Clearing Agency Participants in writing that the continuation of a book-entry system through the Clearing Agency is no longer in the best interests of the Certificate Owners of a Class of Book-Entry Certificates (each such event,
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a “Book-Entry Termination”), the Certificate Registrar shall notify the Clearing Agency to effect notification to all Certificate Owners, through the Clearing Agency, of the occurrence of any such event and of the availability of Definitive Certificates to Certificate Owners. Upon surrender to the Certificate Registrar of the Book-Entry Certificates by the Clearing Agency, accompanied by registration instructions from the Clearing Agency for registration, the Certificate Registrar shall issue the Definitive Certificates. None of the Depositor, the Certificate Registrar, the Securities Administrator, the Paying Agent or the Trustee shall be liable for any delay in delivery of such instructions and may conclusively rely on, and shall be protected in relying on, such instructions. Upon the issuance of Definitive Certificates all references herein to obligations imposed upon or to be performed by the Clearing Agency shall be deemed to be imposed upon and performed by the Certificate Registrar, to the extent applicable, with respect to such Definitive Certificates and the Certificate Registrar shall recognize the holders of the Definitive Certificates as Certificateholders hereunder.
ARTICLE
IV
ADMINISTRATION OF THE TRUST FUND
Section 4.01 Custodial Accounts; Distribution Account.
(a) On or prior to the Closing Date, each Servicer will be required to establish and maintain one or more Custodial Accounts, as provided in the related Servicing Agreements, into which all Scheduled Payments and unscheduled payments with respect to the Mortgage Loans, net of any deductions or reimbursements permitted under the related Servicing Agreement, shall be deposited. On each Servicer Remittance Date, the Servicers will remit to the Securities Administrator, for deposit into the Distribution Account, all amounts so required to be deposited into such account in accordance with the terms of the related Servicing Agreement.
(b) The Securities Administrator, as Paying Agent for the Trustee, shall establish and maintain an Eligible Account entitled “Distribution Account of Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee for the benefit of Sequoia Mortgage Trust 2012-5 Holders of Mortgage Pass-Through Certificates.” The Securities Administrator shall hold the Distribution Account and all money and other property therein in trust for the benefit of the Certificateholders. The Securities Administrator shall, promptly upon receipt from the Servicers on each Servicer Remittance Date, deposit into the Distribution Account and retain on deposit until the related Distribution Date the following amounts:
(i) the aggregate of collections with respect to the Mortgage Loans remitted by the Servicers from the related Custodial Accounts in accordance with the Servicing Agreements;
(ii) any amounts required to be deposited by the Master Servicer with respect to the Mortgage Loans for the related Due Period pursuant to this Agreement, including the amount of any Advances or Master Servicer Compensating Interest Payments with respect to the Mortgage Loans not paid by the Servicers or the Servicing Administrator; and
(iii) any other amounts so required to be deposited in the Distribution Account in the related Due Period pursuant to this Agreement.
(c) In the event the Master Servicer or a Servicer has remitted in error to the Distribution Account any amount not required to be remitted in accordance with the definition of Available Distribution Amount, it may at any time direct the Securities Administrator to withdraw such amount from the Distribution Account for repayment to the Master Servicer or Servicer, as applicable, by delivery of an Officer’s Certificate to the Securities Administrator and the Trustee which describes the amount deposited in error.
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(d) On each Distribution Date and the final Distribution Date of the Certificates in accordance with Section 7.01, the Securities Administrator, as Paying Agent, shall distribute the Available Distribution Amount to the Certificateholders and any other parties entitled thereto in the amounts and priorities set forth in Section 5.02. The Securities Administrator may, with the consent of the Depositor, from time to time withdraw from the Distribution Account and pay to itself, the Master Servicer, the Trustee, the Custodian, the Servicers or the Servicing Administrator any amounts permitted to be paid or reimbursed to such Person from funds in the Distribution Account pursuant to clauses (A) and (B) of the definition of Available Distribution Amount.
(e) Funds in the Distribution Account for the period from each Servicer Remittance Date to the related Distribution Date shall, if invested, be invested in Eligible Investments selected by the Securities Administrator, which shall mature not later than the Distribution Date and any such Eligible Investment shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee in trust for the benefit of the Trustee and Holders of the Sequoia Mortgage Trust 2012-5 Certificates. All income and gain realized from any Eligible Investment in the Distribution Account shall be compensation to the Securities Administrator. The Securities Administrator shall deposit the amount of any losses incurred in respect of any such investments out of its own funds, without any right of reimbursement therefor, immediately as realized.
Section 4.02 Reports to Trustee and Certificateholders.
On each Distribution Date, the Securities Administrator shall have prepared and shall make available to the Trustee and each Certificateholder a written report setting forth the following information (on the basis of Mortgage Loan level information obtained from the Master Servicer and the Servicers) (the “Distribution Date Statement”):
(a) the amount of the distributions, separately identified, with respect to each Class of Certificates;
(b) the amount of the distributions set forth in clause (a) allocable to principal, separately identifying the aggregate amount of any Principal Prepayments or other unscheduled recoveries of principal included in that amount;
(c) the amount of the distributions set forth in clause (a) allocable to interest;
(d) the amount of any unpaid Interest Shortfall, Net Prepayment Interest Shortfalls and Relief Act Shortfalls with respect to each Class of Certificates;
(e) the Class Principal Amount of each Class of Certificates (other than the Interest-Only Certificates) and the Class Notional Amount of the Interest-Only Certificates, in each case after giving effect to the distribution of principal on that Distribution Date;
(f) the Aggregate Stated Principal Balance of the Mortgage Loans at the beginning and at the end of the related Prepayment Period, the Mortgage Rates (in incremental ranges) and the weighted average remaining term of the Mortgage Loans;
(g) the aggregate Substitution Amount and the aggregate Repurchase Price deposited into the Distribution Account with respect to the Mortgage Loans , which information may be presented in a footnote;
(h) the Senior Percentage and the Subordinate Percentage for the following Distribution Date;
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(i) the Senior Prepayment Percentage and the Subordinate Prepayment Percentage for the following Distribution Date;
(j) the amount of the Master Servicing Fee and the Servicing Fee paid to or retained by the Master Servicer and each Servicer, respectively, and the amount of any fees paid to the Securities Administrator, Custodian and the Trustee;
(k) the aggregate amount of Advances for the related Due Period;
(l) the number and Stated Principal Balance of the Mortgage Loans that were (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (B) in foreclosure and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days and (C) in bankruptcy as of the close of business on the last day of the calendar month preceding that Distribution Date;
(m) the amount of cash flow received for such Distribution Date, and the sources thereof;
(n) for any Mortgage Loan as to which the related Mortgaged Property was an REO Property during the preceding calendar month, the principal balance of such Mortgage Loan as of the close of business on the last day of the related Due Period;
(o) the aggregate number and principal balance of any REO Properties as of the close of business on the last day of the preceding Due Period;
(p) the amount of Realized Losses incurred during the preceding calendar month;
(q) the cumulative amount of Realized Losses incurred since the Closing Date;
(r) the Realized Losses, if any, allocated to each Class of Certificates on that Distribution Date;
(s) the Certificate Interest Rate for each Class of Certificates for that Distribution Date;
(t) any Servicing Modifications with respect to any Mortgage Loan during the related Due Period;
(u) the applicable Record Date, Accrual Period and calculation date for each Class of Certificates and such Distribution Date;
(v) the amount on deposit in the Distribution Account as of such Distribution Date (after giving effect to distributions on such date) and as of the prior Distribution Date;
(w) the nature of any material breach of a representation and warranty relating to the characteristics of the Mortgage Loans or any transaction covenants;
(x) the amount of Advances and Servicing Advances reimbursed during the related Due Period;
(y) the amount of any Subsequent Recoveries;
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(z) the amount of any fees, charges and costs paid or reimbursed to the Master Servicer and the Custodian from the Distribution Account pursuant to this Agreement or the Custodial Agreement;
(aa) the amounts of any Master Servicer Compensating Interest Payments and Servicer Compensating Interest Payments for such Distribution Date;
(bb) whether the Step-Down Test has been satisfied for such Distribution Date;
(cc) the status and outcome of the Mortgage Loan review conducted pursuant to Section 2.05(b); and
(dd) the status and outcome of the review conducted pursuant to Section 2.08(b), as reported to the Securities Administrator.
On each Distribution Date, the Securities Administrator shall provide Bloomberg Financial Markets, L.P. (“Bloomberg”) CUSIP level factors for each Class of Offered Certificates as of such Distribution Date, using a format and media mutually acceptable to the Securities Administrator and Bloomberg.
In addition to the information listed above, such Distribution Date Statement shall also include such other information as is required to be reported on Form 10-D by Item 1121(a) and (b) (§229.1121) of Regulation AB.
The Securities Administrator shall make such reports, any Form 10-K's and Form 10-D's relating to the Certificates filed under the Exchange Act and such other loan level information as the Depositor and the Securities Administrator shall agree available each month via the Securities Administrator’s website at http://www.ctslink.com. Assistance in using the website may be obtained by calling the Securities Administrator’s customer service desk at 1-866-846-4526. Certificateholders and other parties that are unable to use the website are entitled to have a paper copy mailed to them via first class mail by contacting the Securities Administrator and indicating such. In preparing or furnishing the foregoing information to the Certificateholders, the Securities Administrator shall be entitled to rely conclusively on the accuracy of the information or data regarding the Mortgage Loans and the related REO Properties that has been provided to the Securities Administrator by the Master Servicer and the Servicers, and the Securities Administrator shall not be obligated to verify, recompute, reconcile or recalculate any such information or data.
Upon request, within a reasonable period of time after the end of each calendar year, the Securities Administrator shall cause to be furnished to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information listed above aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Securities Administrator pursuant to any requirements of the Code as from time to time in effect.
Upon the reasonable advance written request of any Certificateholder that is a savings and loan, bank or insurance company (which request, if received by the Trustee or the Certificate Registrar, shall be promptly forwarded to the Securities Administrator), the Securities Administrator shall provide, or cause to be provided (or, to the extent that such information or documentation is not required to be provided by a Servicer under the applicable Servicing Agreement, shall use reasonable efforts to obtain such information and documentation from such Servicer, and provide) to such Certificateholders such reports and access to information and documentation regarding the Mortgage Loans as such Certificateholders may reasonably deem necessary to comply with applicable regulations of the Office of Thrift Supervision or its successor or other regulatory authorities with respect to an investment in the Certificates; provided, however, that (i) such Certificateholders shall pay in advance for the Securities Administrator’s actual expenses incurred in
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providing such reports and access and such expenses shall not be paid by the Trust Fund and (ii) the Securities Administrator shall provide such information and documentation only to the extent that the Securities Administrator would not be in violation of any applicable privacy laws.
Section 4.03 Rule 17g-5 Compliance.
(a) The Rule 17g-5 Information Provider shall, upon receipt of an NRSRO certification in the form of Exhibit O, make available on its Rule 17g-5 Website solely to the Depositor, each Rating Agency and to any NRSRO the following items, but only to the extent such items are delivered to it by electronic mail to rmbs17g5informationprovider@wellsfargo.com, specifically with a subject reference of “SEMT 2012-5” and an identification of the type of information being provided in the body of such notice, or any other delivery method established or approved by the Rule 17g-5 Information Provider if or as may be necessary or beneficial:
(i) any Rating Agency Information provided to the Rule 17g-5 Information Provider in accordance with Sections 6.06, 6.07, 6.14, 9.01, 9.02, 11.03 and 11.12 of this Agreement, as well as reports prepared in accordance with Sections 6.21, 6.22, 6.23 and 6.24 (provided that the Rule 17g-5 Information Provider shall not be required to post to its Rule 17g-5 Website any such information previously posted to and available on the Securities Administrator’s website);
(ii) any notice of any amendment that modifies the procedures herein relating to Exchange Act Rule 17g-5 pursuant to this Agreement; and
(iii) a summary of any oral conversation with a Rating Agency regarding any Mortgage Loan, any Mortgaged Property or any REO Property, to the extent required to be provided pursuant to Rule 17g-5.
The foregoing information shall be made available by the Rule 17g-5 Information Provider on its Rule 17g-5 Website. Such information shall be posted to the Rule 17g-5 Website on the same Business Day as it is received, provided that such information is received by 12:00 p.m. (eastern time) or, if received after 12:00 p.m., on the next Business Day. The Rule 17g-5 Information Provider shall have no obligation or duty to verify, confirm or otherwise determine whether the information being delivered is accurate, complete, conforms to the requirements of this Agreement, or otherwise is or is not anything other than what it purports to be. The Rule 17g-5 Information Provider shall not be deemed to have obtained actual knowledge of any information by virtue of the receipt and posting of such information to the Rule 17g-5 Website. Further, notwithstanding anything to the contrary herein, in the event the Depositor determines that any information previously posted to the Rule 17g-5 Website should not have been posted thereto pursuant to the terms of this Agreement, the Depositor shall direct the Rule 17g-5 Information Provider in writing to remove such information from the Rule 17g-5 Website, such written notice to specify the information to be so removed. The Rule 17g-5 Information Provider (i) shall have no obligation or duty to verify, confirm or otherwise determine the accuracy of the information contained in such written direction, (ii) shall be entitled to rely fully upon such written direction and (iii) shall not be held liable in connection with removing any such information from the Rule 17g-5 Website upon the receipt of such written direction.
The Rule 17g-5 Information Provider shall provide a mechanism to notify any party that has submitted an NRSRO Certification each time the Rule 17g-5 Information Provider posts an additional document to the Rule 17g-5 Website.
In connection with providing access to the Rule 17g-5 Website, the Rule 17g-5 Information Provider may require registration and the acceptance of a disclaimer. The Rule 17g-5 Information Provider shall not be liable for the dissemination of information in accordance with the terms of this Agreement, makes no representations or warranties as to the accuracy or completeness of such
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information being made available, has no obligation to review such information, and assumes no responsibility for such information. The Rule 17g-5 Information Provider shall not be liable for its failure to make any information available to each Rating Agency or NRSROs unless such information was delivered to the Rule 17g-5 Information Provider at the email address specified in writing to the Depositor, with a subject heading of “SEMT 2012-5” and sufficient detail to indicate that such information is required to be posted on the Rule 17g-5 Website.
If any NRSRO that has previously submitted an NRSRO Certification and whose NRSRO Certification has been accepted, notifies the Rule 17g-5 Information Provider that it is unable to access information posted to the Rule 17g-5 Website and such access issue is determined to be the result of a problem with the Rule 17g-5 Website, if such access issue is not resolved within one Business Day of such determination, the Rule 17g-5 Information Provider shall so notify the Depositor.
(b) Each of the Master Servicer and the Trustee hereby agrees that, except as otherwise expressly permitted herein, it shall not communicate with (including verbally) or provide information to a Rating Agency without the prior consent of and consultation with the Depositor, and that any permitted communication by it to a Rating Agency will be made by it only in the manner prescribed by the procedures established by the Depositor to ensure compliance with Rule 17g-5 under the Exchange Act, including to the extent set forth herein, providing any such communications to the Depositor for posting on the Rule 17g-5 Website pursuant to this Section 4.03 prior to communicating with such Rating Agency.
Section 4.04 Rule 15Ga-1 Compliance.
(a) To the extent a Responsible Officer of the Master Servicer receives a demand for the repurchase or substitution of a Mortgage Loan based on a breach of a representation or warranty made by the Seller or the Originator of such Mortgage Loan (each, a “Demand”), the Master Servicer agrees (i) if such Demand is in writing, promptly to forward such Demand to the Trustee, and (ii) if such Demand is oral, to instruct the requesting party to submit such Demand in writing to the Trustee. To the extent a Responsible Officer of the Trustee receives a Demand, it shall provide the Depositor with prompt written notice of such Demand.
(b) In connection with the repurchase or substitution of a Mortgage Loan pursuant to a Demand, any dispute with respect to a Demand, or the withdrawal or final rejection of a Demand (i) the Master Servicer agrees, to the extent a Responsible Officer of the Master Servicer has actual knowledge thereof, promptly to notify the Trustee in writing, and (ii) the Trustee agrees, to the extent a Responsible Officer of the Trustee has actual knowledge thereof, promptly to notify the Depositor in writing.
(c) With respect to Rule 15Ga-1 of the Exchange Act, to the extent in its possession, the Trustee shall provide the Depositor with any applicable information relating to a Demand (the “Rule 15Ga-1 Information”) in a timely manner so as to enable the Depositor to meet its reporting obligations under Rule 15Ga-1. The Depositor shall be entitled conclusively to rely on the Rule 15Ga-1 Information provided to it by the Trustee in connection with the compilation by the Depositor of the Rule 15Ga-1 Information required to be reported on Form 10-D. For the avoidance of doubt, the Depositor shall have sole responsibility for compiling the Rule 15Ga-1 Information required to be reported on Form 10-D, and the Securities Administrator shall be entitled conclusively to rely on any Rule 15Ga-1 Information provided to it by the Depositor for inclusion on each Form 10-D. Other than with respect to the obligations of the Trustee in this Section 4.04, the Trustee shall have no responsibility or liability in connection with any filing required to be made by the Depositor pursuant to Rule 15Ga-1 of the Exchange Act.
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ARTICLE V
DISTRIBUTIONS TO HOLDERS OF CERTIFICATES
Section 5.01 Distributions Generally.
(a) Subject to Section 7.01 respecting the final distribution on the Certificates, on each Distribution Date the Paying Agent on behalf of the Trustee shall make distributions to holders of Certificates as of the related Record Date in accordance with this Article V. Such distributions shall be made by check mailed to each Certificateholder’s address as it appears on the Certificate Register of the Certificate Registrar or, upon written request made to the Securities Administrator at least five Business Days prior to the related Record Date by any Certificateholder owning an aggregate initial Certificate Principal Amount or Notional Amount of at least $1,000,000, or in the case of any Residual Certificate, a Percentage Interest of not less than 100%, by wire transfer in immediately available funds to an account specified in the request and at the expense of such Certificateholder; provided, however, that the final distribution in respect of any Certificate shall be made only upon presentation and surrender of such Certificate at the Certificate Registrar’s Corporate Trust Office; provided, further, that the foregoing provisions shall not apply to any Class of Certificates as long as such Certificate remains a Book-Entry Certificate in which case all payments made shall be made through the Clearing Agency and its Clearing Agency Participants. Wire transfers will be made at the expense of the Holder requesting such wire transfer by deducting a wire transfer fee from the related distribution. Notwithstanding such final payment of principal of any of the Certificates, each Certificate will remain outstanding until the termination of each REMIC and the payment in full of all other amounts due with respect to the Certificates and at such time such final payment in retirement of any Certificate will be made only upon presentation and surrender of such Certificate at the Certificate Registrar’s Corporate Trust Office. If any payment required to be made on the Certificates is to be made on a day that is not a Business Day, then such payment will be made on the next succeeding Business Day.
(b) All distributions or allocations made with respect to the Certificateholders within each Class on each Distribution Date shall be allocated among the outstanding Certificates in such Class equally in proportion to their respective initial Class Principal Amounts or initial Class Notional Amounts (or Percentage Interests).
Section 5.02 Distributions From the Distribution Account.
(a) Subject to Sections 5.02(b) and (c), on each Distribution Date, the Available Distribution Amount, to the extent received by the Securities Administrator, shall be withdrawn by the Paying Agent from funds in the Distribution Account and allocated among the Classes of Senior Certificates and Subordinate Certificates in the following order of priority:
(i) to the Senior Certificates, pro rata, such Class’s Interest Distribution Amount and any accrued but unpaid Interest Shortfalls, in each case, for such Class on such date;
(ii) to the Class A Certificates, the Senior Principal Distribution Amount, until its Class Principal Amount has been reduced to zero;
(iii) to the Class B-1 Certificates, the Interest Distribution Amount and any accrued but unpaid Interest Shortfalls, in each case, for such Class on such date;
(iv) to the Class B-1 Certificates, such Class’s Subordinate Class Percentage of the Subordinate Principal Distribution Amount, until its Class Principal Amount has been reduced to zero;
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(v) to the Class B-2 Certificates, the Interest Distribution Amount and any accrued but unpaid Interest Shortfalls, in each case, for such Class on such date;
(vi) to the Class B-2 Certificates, such Class’s Subordinate Class Percentage of the Subordinate Principal Distribution Amount, until its Class Principal Amount has been reduced to zero;
(vii) to the Class B-3 Certificates, the Interest Distribution Amount and any accrued but unpaid Interest Shortfalls, in each case, for such Class on such date;
(viii) to the Class B-3 Certificates, such Class’s Subordinate Class Percentage of the Subordinate Principal Distribution Amount, until its Class Principal Amount has been reduced to zero;
(ix) to the Class B-4 Certificates, the Interest Distribution Amount and any accrued but unpaid Interest Shortfalls, in each case, for such Class on such date;
(x) to the Class B-4 Certificates, such Class’s Subordinate Class Percentage of the Subordinate Principal Distribution Amount, until its Class Principal Amount has been reduced to zero;
(xi) to the Class B-5 Certificates, the Interest Distribution Amount and any accrued but unpaid Interest Shortfalls, in each case, for such Class on such date;
(xii) to the Class B-5 Certificates, such Class’s Subordinate Class Percentage of the Subordinate Principal Distribution Amount, until its Class Principal Amount has been reduced to zero; and
(xiii) to the Class LT-R Certificates and the Class R Certificates, any remaining amount of the Available Distribution Amount allocated as provided in Section 5.02(d).
(b) [Reserved.].
(c) Notwithstanding the priority and allocation set forth in Section 5.02(a), if with respect to any Class of Subordinate Certificates other than the Class B-1 Certificates on any Distribution Date the sum of the Class Subordination Percentages of such Class and of all other Classes of Subordinate Certificates which have a lower payment priority than such Class is less than the Original Applicable Credit Support Percentage for such Class, no distribution of principal shall be made to any such Classes. The Subordinate Principal Distribution Amount shall be allocated among the Classes of Subordinate Certificates having higher payment priorities than such Class, pro rata, based on the Class Principal Amounts of the respective Classes immediately prior to such Distribution Date and shall be distributed in the sequential order provided in Section 5.02(a) above.
(d) Amounts distributed to the Residual Certificates pursuant to Section 5.02(a)(xiii) on any Distribution Date shall be allocated among the REMIC residual interests represented thereby such that each such interest is allocated the excess of funds available to the related REMIC over required distributions to the regular interests in such REMIC on such Distribution Date; provided, however, that the Class LT-R Certificate shall be entitled to any amounts representing net gain resulting from the sale of any REO Properties or other Liquidation Proceeds due to the Residual Certificates with respect to the Mortgage Loans.
(e) For purposes of distributions of interest in Section 5.02(a) such distributions to a Class of Certificates on any Distribution Date shall be made first, in respect of Current Interest; and second, in respect of Interest Shortfalls.
(f) Amounts distributed to the Certificates (other than the Class LT-R Certificate) pursuant to this Section shall be deemed to have first been distributed from the Lower Tier REMIC to the Upper Tier
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REMIC in respect of the Lower Tier REMIC regular interests in accord with the distribution provisions for the Lower Tier REMIC set forth in the Preliminary Statement.
Section 5.03 Allocation of Losses.
(a) On or prior to each Distribution Date, the Master Servicer shall calculate the aggregate Realized Losses for such Distribution Date based on the information with respect to losses as reported to it by each Servicer.
(b) On each Distribution Date, the Securities Administrator shall allocate the principal portion of Realized Losses as follows:
first, to the Classes of Subordinate Certificates in reverse order of their respective numerical Class designations (beginning with the Class B-5 Certificates and ending with the Class B-1 Certificates) until the Class Principal Amount of each such Class is reduced to zero; and
second, to the Class A Certificates, until its Class Principal Amount has been reduced to zero.
(c) On each Distribution Date, the Class Principal Amount of the Class of Subordinate Certificates then outstanding with the lowest payment priority shall be reduced on each Distribution Date by the Certificate Writedown Amount and if no Subordinate Certificates are then outstanding the Class Principal Amount of the Class A Certificates shall be reduced by the Certificate Writedown Amount.
(d) Any allocation of a loss pursuant to this section to a Class of Certificates shall be achieved by reducing the Class Principal Amount thereof by the amount of such loss.
(e) Subsequent Recoveries in respect of the Mortgage Loans shall be distributed to the Certificates still outstanding, in accordance with Section 5.02, and the Class Principal Amount of each Class of Certificates then outstanding that has been reduced due to application of a Certificate Writedown Amount or Realized Loss will be increased, sequentially in order of seniority, by the lesser of (i) the amount of such Subsequent Recovery (reduced by any amounts applied for this purpose to more senior-ranking Certificates) and (ii) the Realized Loss amount previously allocated to such Class.
(f) Realized Losses and the amount of any Certificate Writedown Amount allocated by this Section to a Class of Certificates shall be allocated to the corresponding Lower Tier REMIC Interest and shall reduce the Class Principal Amount of such Lower Tier REMIC Interest to the same extent that the Class Principal Amount of such Class of Certificates is reduced pursuant to the provisions of this Section. Subsequent Recoveries distributed to a Class of Certificates pursuant to the provisions of subsection 5.03(e) shall be deemed to have been distributed to the corresponding Lower Tier REMIC Interest. To the extent that the Class Principal Amount of any Class of Certificates has been increased on account of Subsequent Recoveries pursuant to the provisions of subsection 5.03(e), the principal balance of the corresponding Lower Tier REMIC Interest shall be increased by the same amount.
(g) Any Class of Certificates or Lower-Tier Interest whose Class Principal Amount has been reduced to zero due to the allocation of Realized Losses will nonetheless remain outstanding under this Agreement and will continue to be entitled to receive Subsequent Recoveries until the termination of the Trust Fund; provided, however, that no such Class of Certificates will have voting rights with respect to matters under this Agreement requiring or permitting actions to be taken by any Certificateholders.
Section 5.04 Servicer Obligations.
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In the event of any inconsistency between this Agreement and a Servicing Agreement with respect to obligations of a Servicer, the provisions of the applicable Servicing Agreement shall govern such obligations.
Section 5.05 Advances by Master Servicer.
If any Servicer (other than Cenlar FSB) or the Servicing Administrator fails to remit any Advance required to be funded under the applicable Servicing Agreement, the Master Servicer shall itself fund, or shall cause the successor Servicer or successor Servicing Administrator to fund, such Advance. If the Master Servicer determines that an Advance is required, it shall on the Business Day preceding the related Distribution Date immediately following such Determination Date remit to the Securities Administrator from its own funds (or funds advanced by the applicable Servicer or the Servicing Administrator) for deposit in the Distribution Account immediately available funds in an amount equal to such Advance. The Master Servicer, each Servicer (other than Cenlar FSB) and the Servicing Administrator shall be entitled to be reimbursed for all Advances funded by it. Notwithstanding anything to the contrary herein, in the event the Master Servicer determines in its reasonable judgment that an Advance is nonrecoverable, the Master Servicer shall be under no obligation to make such Advance. If the Master Servicer determines that an Advance is nonrecoverable, it shall, on or prior to the related Distribution Date, deliver an Officer’s Certificate to the Trustee to such effect.
Section 5.06 Master Servicer Compensating Interest Payments.
The amount of the aggregate Master Servicing Fees payable to the Master Servicer in respect of any Distribution Date shall be reduced (but not below zero) by the amount of any Master Servicer Compensating Interest Payment for such Distribution Date. Such amount shall not be treated as an Advance and shall not be reimbursable to the Master Servicer.
ARTICLE VI
CONCERNING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR; EVENTS OF DEFAULT
Section 6.01 Duties of Trustee and the Securities Administrator.
(a) The Trustee, except during the continuance of an Event of Default, and the Securities Administrator each undertake to perform their respective duties and only such duties as are specifically set forth in this Agreement. Any permissive right of the Trustee and the Securities Administrator provided for in this Agreement shall not be construed as a duty of the Trustee or the Securities Administrator, as the case may be. If an Event of Default has occurred and has not otherwise been cured or waived, the Trustee shall exercise such of the rights and powers vested in it by this Agreement and use the same degree of care and skill in their exercise as a prudent Person would exercise or use under the circumstances in the conduct of such Person’s own affairs.
(b) Each of the Trustee and the Securities Administrator, upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Trustee or the Securities Administrator, as applicable, which are specifically required to be furnished pursuant to any provision of this Agreement, shall examine them to determine whether they are in the form required by this Agreement; provided, however, that neither the Trustee nor the Securities Administrator shall be responsible for the accuracy or content of any such resolution, certificate, statement, opinion, report, document, order or other instrument furnished to the Trustee or the Securities Administrator pursuant to this Agreement and shall not be required to recalculate or verify any numerical information furnished to the Trustee or the Securities Administrator pursuant this Agreement. Subject to the immediately preceding sentence, if any such resolution, certificate, statement, opinion, report, document, order or other instrument is found not to conform to the form required by this Agreement in a material manner the Trustee or the
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Securities Administrator, as applicable, shall take such action as it deems appropriate to cause the instrument to be corrected, and if the instrument is not corrected to the Trustee’s or the Securities Administrator’s satisfaction, the Trustee or the Securities Administrator, as applicable, will provide notice thereof to the Certificateholders and take such further action as directed by the Certificateholders pursuant to Sections 6.02(d) and 6.02(f).
(c) None of the Trustee, the Securities Administrator, the Paying Agent or the Certificate Registrar shall have any liability arising out of or in connection with this Agreement, except for its negligence or willful misconduct. No provision of this Agreement shall be construed to relieve the Trustee, the Securities Administrator, the Paying Agent or the Certificate Registrar from liability for its own negligent action, its own negligent failure to act or its own willful misconduct; provided, however, that:
(i) The Trustee shall not be personally liable with respect to any action taken, suffered or omitted to be taken by it in good faith in accordance with the direction of Holders of Certificates as provided in Section 6.18 hereof;
(ii) For all purposes under this Agreement, the Trustee shall not be deemed to have notice of any Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Holders of the Certificates and this Agreement;
(iii) For all purposes under this Agreement, except when the Master Servicer is the Securities Administrator, the Securities Administrator shall not be deemed to have notice of any Event of Default (other than resulting from a failure by the Master Servicer to furnish information to the Securities Administrator or payment on a Distribution Date when required to do so) unless a Responsible Officer of the Securities Administrator has actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Securities Administrator at the at the address provided in Section 11.07, and such notice references the Holders of the Certificates and this Agreement;
(iv) No provision of this Agreement shall require the Trustee or the Securities Administrator (regardless of the capacity in which it is acting) to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it; and none of the provisions contained in this Agreement shall in any event require the Trustee or the Securities Administrator to perform, or be responsible for the manner of performance of, any of the obligations of the Depositor, the Master Servicer or any other Person under this Agreement, the Servicing Agreements or the Custodial Agreement; and
(v) None of the Trustee, the Securities Administrator, the Paying Agent or the Certificate Registrar shall be responsible for any act or omission of the Master Servicer (other than, in the case of the Securities Administrator, as provided in the next sentence), the Depositor, the Seller, the Servicers, the Custodian or the Controlling Holder. If the Master Servicer is the Securities Administrator, the Securities Administrator shall be responsible for any act or omission of the Master Servicer.
(d) The Trustee shall have no duty hereunder with respect to any complaint, claim, demand, notice or other document it may receive or which may be alleged to have been delivered to or served upon it by the parties as a consequence of the assignment of any Mortgage Loan hereunder; provided, however, that the Trustee shall promptly remit to the applicable Servicer (with a copy to the Master Servicer) upon receipt any such complaint, claim, demand, notice or other document (i) which is delivered to the Corporate Trust Office of the Trustee, (ii) of which a Responsible Officer has actual knowledge, and (iii) which contains information sufficient to permit the Trustee to make a determination that the real property to which such document relates is a Mortgaged Property.
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(e) None of the Trustee, the Securities Administrator or the Master Servicer shall be personally liable with respect to any action taken, suffered or omitted to be taken by it in good faith in accordance with the direction of the Certificateholders of any Class holding Certificates which evidence, as to such Class, Percentage Interests aggregating not less than 25% as to the time, method and place of conducting any proceeding for any remedy available to the Trustee, the Securities Administrator or the Master Servicer or exercising any trust or power conferred upon the Trustee, the Securities Administrator or the Master Servicer under this Agreement.
(f) Neither the Trustee nor the Securities Administrator shall be required to perform services under this Agreement, or to expend or risk its own funds or otherwise incur financial liability for the performance of any of its duties hereunder or the exercise of any of its rights or powers if there is reasonable ground for believing that the timely payment of its fees and expenses or the repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it, and none of the provisions contained in this Agreement shall in any event require the Trustee or the Securities Administrator to perform, or be responsible for the manner of performance of, any of the obligations of the Master Servicer or any Servicer under this Agreement or any Servicing Agreement except, with respect to the Master Servicer, during such time, if any, as the Trustee shall be the successor to, and be vested with the rights, duties, powers and privileges of, the Master Servicer in accordance with the terms of this Agreement.
(g) Except as otherwise provided herein, neither the Trustee nor the Securities Administrator shall have any duty (A) to record, file, or deposit this Agreement or any agreement referred to herein or any financing statement or continuation statement evidencing a security interest, or to maintain any such recording or filing or depositing or to undertake any rerecording, refiling or redepositing of any thereof, (B) to procure or maintain any insurance, (C) to pay or discharge any tax, assessment, or other governmental charge or penalty or any lien or encumbrance of any kind owing with respect to, assessed or levied against, any part of the Trust Fund other than from funds available in the Distribution Account, or (D) to confirm or verify the contents of any reports or certificates of the Master Servicer or any Servicer delivered to the Trustee or the Securities Administrator pursuant to this Agreement or any Servicing Agreement believed by the Trustee or the Securities Administrator, as applicable, to be genuine and to have been signed or presented by the proper party or parties.
(h) None of the Trustee, the Securities Administrator, the Paying Agent or the Certificate Registrar shall be liable in its individual capacity for an error of judgment made in good faith by a Responsible Officer or other officers of the Trustee, the Securities Administrator, the Paying Agent or the Certificate Registrar, as applicable, unless it shall be proved that the Trustee, the Securities Administrator, the Paying Agent or the Certificate Registrar, as applicable, was negligent in ascertaining the pertinent facts.
(i) Notwithstanding anything in this Agreement to the contrary, none of the Trustee, the Securities Administrator, the Paying Agent or the Certificate Registrar shall be liable for special, indirect or consequential losses or damages of any kind whatsoever (including, but not limited to, lost profits), even if the Trustee, the Securities Administrator, the Paying Agent or the Certificate Registrar, as applicable, has been advised of the likelihood of such loss or damage and regardless of the form of action.
(j) Neither the Trustee nor the Securities Administrator (regardless of the capacity in which it is acting) shall be responsible for the acts or omissions of the other, it being understood that this Agreement shall not be construed to render them agents of one another.
(k) The duties and obligations of the Trustee, the Securities Administrator, the Paying Agent and the Certificate Registrar shall be determined solely by the express provisions of this Agreement, none of the Trustee, the Securities Administrator, the Paying Agent or the Certificate Registrar shall be liable except for the performance of its duties and obligations as are specifically set forth in this Agreement, no implied covenants or obligations shall be read into this Agreement against the Trustee, the Securities Administrator, the Paying Agent or the Certificate Registrar and, in the absence of bad faith on the part of
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the Trustee, the Securities Administrator, the Paying Agent or the Certificate Registrar, the Trustee, the Securities Administrator, the Paying Agent or the Certificate Registrar, as applicable, may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to such party that conform to the requirements of this Agreement.
Section 6.02 Certain Matters Affecting the Trustee and the Securities Administrator.
Except as otherwise provided in Section 6.01:
(a) Before taking or refraining from taking any actions hereunder, each of the Trustee and the Securities Administrator may request, and may rely and shall be protected in acting or refraining from acting upon, any resolution, Officer’s Certificate, certificate of auditors or any other certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties;
(b) Each of the Trustee and the Securities Administrator may consult with counsel and any advice of its counsel or Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken or suffered or omitted by it hereunder in good faith and in accordance with such advice or Opinion of Counsel;
(c) Neither the Trustee nor the Securities Administrator shall be personally liable for any action taken, suffered or omitted by it in good faith and reasonably believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Agreement;
(d) Unless an Event of Default shall have occurred and be continuing, the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond or other paper or document (provided the same appears regular on its face), unless requested in writing to do so by the Holders of at least a majority in Class Principal Amount (or Percentage Interest) of each Class of Certificates or such other percentage specified in Section 2.05 with respect to actions described in Section 2.05; provided, however, that, if the payment within a reasonable time to the Trustee of the costs, expenses or liabilities likely to be incurred by it in the making of such investigation is, in the opinion of the Trustee, not reasonably assured to the Trustee by the security afforded to it by the terms of this Agreement, the Trustee may require reasonable indemnity against such expense or liability or payment of such estimated expenses from the Certificateholders as a condition to proceeding. Except as otherwise provided in Section 2.05, the reasonable expense thereof shall be paid by the party requesting such investigation and shall not be paid by the Trust Fund; and, provided further, that in the case of an alleged breach of an Originator's representations and warranties, the provisions of Section 2.05 must be satisfied.
(e) Each of the Trustee and the Securities Administrator may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents, custodians or attorneys, which agents, custodians or attorneys shall have any and all of the rights, powers, duties and obligations of the Trustee and the Securities Administrator conferred on them by such appointment; provided that each of the Trustee and the Securities Administrator shall continue to be responsible for its duties and obligations hereunder to the extent provided herein; provided further that the Trustee shall not be responsible for the duties and obligations of Wells Fargo Bank, N.A. in its capacity as any of the Custodian, the Paying Agent, the Authenticating Agent, the Securities Administrator or the Certificate Registrar under this Agreement or the Custodial Agreement, as applicable;
(f) Neither the Trustee nor the Securities Administrator shall be under any obligation to exercise any of the trusts or powers vested in it by this Agreement, and the Trustee shall not be under any obligation to institute, conduct or defend any litigation hereunder or in relation hereto, in each case at the request, order or direction of any of the Certificateholders pursuant to the provisions of this Agreement, unless such Certificateholders shall have offered to the Trustee or the Securities Administrator, as
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applicable, security or indemnity reasonably satisfactory to the Trustee or the Securities Administrator against the costs, expenses and liabilities which may be incurred therein or thereby;
(g) The right of the Trustee and the Securities Administrator to perform any discretionary act enumerated in this Agreement shall not be construed as a duty, and neither the Trustee nor the Securities Administrator shall be answerable for other than its negligence or willful misconduct in the performance of such act;
(h) Neither the Trustee nor the Securities Administrator shall be required to give any bond or surety in respect of the execution of the Trust Fund created hereby or the powers granted hereunder; and
(i) Neither the Trustee nor the Securities Administrator shall have any duty to conduct any affirmative investigation (including, but not limited to, reviewing any reports delivered to the Trustee in connection with the review of the Trustee Mortgage Files) as to the occurrence of any condition requiring the repurchase of any Mortgage Loan pursuant to this Agreement, the Mortgage Loan Purchase and Sale Agreement, the Purchase Agreements or the Servicing Agreements, as applicable, or the eligibility of any Mortgage Loan for purposes of this Agreement including, without limitation, whether any mortgage loan is a Qualified Substitute Mortgage Loan, except as set forth in Section 2.05 with respect to the Trustee.
In the event either the Trustee or the Securities Administrator deems the nature of any action required on its part to be unclear, the Trustee or the Securities Administrator, as applicable, may require prior to such action that it be provided by the Depositor with reasonable further written instructions.
Section 6.03 Trustee and Securities Administrator Not Liable for Certificates.
The Trustee and the Securities Administrator make no representations as to the validity or sufficiency of this Agreement, the Custodial Agreement, the Purchase Agreements, the Servicing Agreements, the Mortgage Loan Purchase and Sale Agreement or the Certificates (other than the certificate of authentication on the Certificates) or of any Mortgage Loan or related document, save that the Trustee and the Securities Administrator represent that, assuming due execution and delivery by the other parties hereto, this Agreement has been duly authorized, executed and delivered by it and constitutes its valid and binding obligation, enforceable against it in accordance with its terms except that such enforceability may be subject to (A) applicable bankruptcy and insolvency laws and other similar laws affecting the enforcement of the rights of creditors generally, and (B) general principles of equity regardless of whether such enforcement is considered in a proceeding in equity or at law. The recitals contained herein and in the Certificates (other than the signature of the Trustee on the Certificates and the acknowledgements of the Trustee contained in Article II) shall not be taken as the statements of the Trustee and the Trustee does not assume any responsibility for their correctness. Neither the Trustee nor the Securities Administrator shall be accountable for the use or application by the Depositor of any of the Certificates or of the proceeds of such Certificates, or of funds paid to the Depositor in consideration of the sale of the Mortgage Loans to the Trustee by the Depositor or for the use or application of any funds deposited into the Distribution Account or any other fund or account maintained with respect to the Certificates. Neither the Trustee nor the Securities Administrator shall be responsible for the legality or validity of this Agreement or the validity, priority, perfection or sufficiency of the security for the Certificates issued or intended to be issued hereunder. Neither the Trustee nor the Securities Administrator shall have any responsibility for filing any financing or continuation statement in any public office at any time or to otherwise perfect or maintain the perfection of any security interest or lien granted to it hereunder or to record this Agreement.
Section 6.04 Trustee and Securities Administrator May Own Certificates.
Each of the Trustee and the Securities Administrator (and any Affiliate or agent of either of them) in its individual or any other capacity may become the owner or pledgee of Certificates and may transact banking and trust business with the other parties hereto and their Affiliates with the same rights it would have if it were not Trustee, Securities Administrator or such Affiliate or agent, as applicable.
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Section 6.05 Eligibility Requirements for Trustee and Securities Administrator.
The Trustee hereunder shall at all times (i) be an institution insured by the FDIC, (ii) be a corporation or national banking association, organized and doing business under the laws of any State or the United States of America, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of not less than $50,000,000 and subject to supervision or examination by federal or state authority and (iii) not be an Affiliate of the Master Servicer, any Servicer or the Servicing Administrator. If such corporation or national banking association publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then, for the purposes of this Section, the combined capital and surplus of such corporation or national banking association shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 6.06.
The Securities Administrator hereunder shall at all times (i) be an institution authorized to exercise corporate trust powers under the laws of its jurisdiction of organization, (ii) be rated at least “A/F1” by Fitch and at least “A2/P-1” by Moody’s, or if not rated by Fitch or Moody’s, the equivalent rating by KBRA or S&P, and (iii) not be the Depositor, an Affiliate of the Depositor or, other than in the case of the initial Securities Administrator, the originator or servicer of any of the Mortgage Loans.
Section 6.06 Resignation and Removal of Trustee and the Securities Administrator.
(a) Each of the Trustee and the Securities Administrator may at any time resign and be discharged from the trust hereby created by giving 60 days’ written notice thereof to the Trustee or the Securities Administrator, as applicable, the Depositor and the Master Servicer. Upon receiving such notice of resignation, the Depositor will promptly appoint a successor trustee or a successor securities administrator, as applicable, by written instrument, one copy of which instrument shall be delivered to the resigning Trustee or resigning Securities Administrator, as applicable, one copy to the successor trustee or successor securities administrator, as applicable, and one copy to the Master Servicer. If no successor trustee or successor securities administrator shall have been so appointed and shall have accepted appointment within 30 days after the giving of such notice of resignation, the resigning Trustee or resigning Securities Administrator, as applicable, may petition any court of competent jurisdiction for the appointment of a successor trustee or successor securities administrator, as applicable. In the case of any such resignation by the Securities Administrator, if no successor securities administrator shall have been appointed and shall have accepted appointment within 60 days after the Securities Administrator ceases to be the Securities Administrator pursuant to this Section 6.06, then the Trustee shall perform the duties of the Securities Administrator pursuant to this Agreement and shall be entitled to the fees of the Securities Administrator for so long as the Trustee performs such duties; provided, however, that the Trustee may engage a qualified entity to perform the duties of the Securities Administrator under Sections 6.21, 6.22, 6.23, 6.24 and 11.16 of this Agreement. The successor trustee shall notify each Rating Agency through the Rule 17g-5 Information Provider, the Servicers, the Servicing Administrator and the Master Servicer of any change of Trustee and the successor securities administrator shall notify each Rating Agency through the Rule 17g-5 Information Provider, the Servicers, the Servicing Administrator and the Master Servicer of any change of Securities Administrator.
(b) If at any time any of the following events shall occur: (i) the Trustee or the Securities Administrator ceases to be eligible in accordance with the provisions of Section 6.05 and fails to resign after written request therefor by the Depositor, (ii) the Securities Administrator fails to perform its obligations pursuant to Section 5.02 to make distributions to Certificateholders, which failure continues unremedied for a period of one Business Day after the date upon which written notice of such failure shall have been given to the Securities Administrator by the Trustee or the Depositor, (iii) the Securities Administrator fails to provide a Back-up Certificate, Assessment of Compliance or an Accountant’s Attestation required under Sections 6.21, 6.23 and 6.24, respectively, by March 15 of each year in which
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Exchange Act reports are required, (iv) the Trustee or the Securities Administrator becomes incapable of acting, or is adjudged a bankrupt or insolvent, or a receiver of the Trustee or the Securities Administrator of its property is appointed, or any public officer takes charge or control of the Trustee or the Securities Administrator or of the property or affairs of either for the purpose of rehabilitation, conservation or liquidation, (v) a tax is imposed or threatened with respect to the Trust Fund by any state in which the Trustee or the Trust Fund held by the Trustee is located, or (vi) the continued use of the Trustee or the Securities Administrator would result in a downgrading of the rating by a Rating Agency of any Class of Certificates with a rating; then, in each such case, the Depositor shall remove the Trustee or the Securities Administrator, as applicable, and the Depositor shall appoint a successor trustee or successor securities administrator, as applicable, by written instrument, one copy of which instrument shall be delivered to the Trustee or Securities Administrator so removed, one copy to the successor trustee or successor securities administrator, as applicable, and one copy to the Master Servicer. If the same Person is acting as both the Securities Administrator and the Master Servicer, then the Depositor shall direct the Trustee to remove the Master Servicer in accordance with the provisions of Section 6.14, and the Trustee promptly upon such direction shall remove the Master Servicer in accordance therewith.
(c) The Holders of more than 50% of the Class Principal Amount (or Percentage Interest) of each Class of Certificates may at any time upon 30 days’ written notice to the Trustee or the Securities Administrator, as applicable, and to the Depositor remove the Trustee or the Securities Administrator, as applicable, by such written instrument, signed by such Holders or their attorney-in-fact duly authorized, one copy of which instrument shall be delivered to the Depositor, one copy to the Trustee or Securities Administrator, as applicable, and one copy to the Master Servicer. The Depositor shall thereupon appoint a successor trustee or successor securities administrator, as applicable, in accordance with this Section.
(d) Any resignation or removal of the Trustee or the Securities Administrator, as applicable, and appointment of a successor trustee or successor securities administrator pursuant to any of the provisions of this Section shall only become effective upon acceptance of appointment by the successor trustee or the successor securities administrator, as applicable, as provided in Section 6.07.
Section 6.07 Successor Trustee and Successor Securities Administrator.
(a) Any successor trustee or successor securities administrator appointed as provided in Section 6.06 shall execute, acknowledge and deliver to the Depositor and to its predecessor trustee or predecessor securities administrator, as applicable, an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee or predecessor securities administrator, as applicable, shall become effective and such successor trustee or successor securities administrator, as applicable, without any further act, deed or conveyance, shall become fully vested with all the rights, powers, duties and obligations of its predecessor hereunder, with like effect as if originally named as trustee or securities administrator, as applicable, herein. The predecessor trustee shall deliver to the successor trustee (or assign to the Trustee its interest under the Custodial Agreement, to the extent permitted thereunder), all Trustee Mortgage Files and documents and statements related to each Trustee Mortgage File held by it hereunder, the predecessor trustee shall duly assign, transfer, deliver and pay over to the successor trustee the entire Trust Fund, together with all necessary instruments of transfer and assignment or other documents properly executed necessary to effect such transfer and the predecessor trustee or the predecessor securities administrator, as applicable, shall deliver such of the records or copies thereof maintained by the predecessor trustee or predecessor securities administrator, as applicable, in the administration hereof as may be requested by the successor trustee and shall thereupon be discharged from all duties and responsibilities under this Agreement. In addition, the Depositor and the predecessor trustee or predecessor securities administrator, as applicable, shall execute and deliver such other instruments and do such other things as may reasonably be required to more fully and certainly vest and confirm in the successor trustee or successor securities administrator, as applicable, all such rights, powers, duties and obligations. The predecessor securities administrator shall also deliver to the Depositor the Back-up Certificate with respect to the portion of the calendar year in which the predecessor securities administrator acted as Securities Administrator hereunder.
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(b) No successor trustee or successor securities administrator shall accept appointment as provided in this Section unless at the time of such appointment such successor trustee or successor securities administrator, as applicable, shall be eligible under the provisions of Section 6.05.
(c) Upon acceptance of appointment by a successor trustee or successor securities administrator, as applicable, as provided in this Section 6.07, the predecessor trustee or predecessor securities administrator, as applicable, shall mail notice of the succession of such trustee or securities administrator, as applicable, hereunder to all Holders of Certificates at their addresses as shown in the Certificate Register and to each Rating Agency through the Rule 17g-5 Information Provider. The expenses of such mailing shall be borne by the the predecessor trustee or predecessor securities administrator, as applicable; provided, if such party has been removed without cause, such expenses will be borne by the Trust Fund.
Section 6.08 Merger or Consolidation of Trustee or Securities Administrator.
Any Person into which the Trustee or Securities Administrator may be merged or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which the Trustee or Securities Administrator shall be a party, or any Persons succeeding to the corporate trust business of the Trustee or Securities Administrator, shall be the successor to the Trustee or Securities Administrator hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding, provided that such Person shall be eligible under the applicable provisions of Section 6.05.
Section 6.09 Appointment of Co-Trustee, Separate Trustee or Custodian.
(a) Notwithstanding any other provisions hereof, at any time, the Trustee, the Depositor or the Certificateholders evidencing more than 50% of the Class Principal Amount (or Percentage Interest) of every Class of Certificates shall have the power from time to time to appoint one or more Persons, approved by the Trustee, to act either as co-trustees jointly with the Trustee, or as separate trustees, or as custodians, for the purpose of holding title to, foreclosing or otherwise taking action with respect to any Mortgage Loan outside the state where the Trustee has its principal place of business where such separate trustee or co-trustee is necessary or advisable (or the Trustee has been advised by the Master Servicer that such separate trustee or co-trustee is necessary or advisable) under the laws of any state in which a property securing a Mortgage Loan is located or for the purpose of otherwise conforming to any legal requirement, restriction or condition in any state in which a property securing a Mortgage Loan is located or in any state in which any portion of the Trust Fund is located. The separate trustees, co-trustees, or custodians so appointed shall be trustees or custodians for the benefit of all the Certificateholders and shall have such powers, rights and remedies as shall be specified in the instrument of appointment; provided, however, that no such appointment shall, or shall be deemed to, constitute the appointee an agent of the Trustee. The obligation of the Master Servicer to make Advances pursuant to Section 5.05 hereof shall not be affected or assigned by the appointment of a co-trustee.
(b) Every separate trustee, co-trustee, and custodian shall, to the extent permitted by law, be appointed and act subject to the following provisions and conditions:
(i) all powers, duties, obligations and rights conferred upon the Trustee in respect of the receipt, custody and payment of moneys shall be exercised solely by the Trustee;
(ii) all other rights, powers, duties and obligations conferred or imposed upon the Trustee shall be conferred or imposed upon and exercised or performed by the Trustee and such separate trustee, co-trustee, or custodian jointly, except to the extent that under any law of any jurisdiction in which any particular act or acts are to be performed the Trustee shall be incompetent or unqualified to perform such act or acts, in which event such rights, powers, duties and obligations, including the holding of title to the
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Trust Fund or any portion thereof in any such jurisdiction, shall be exercised and performed by such separate trustee, co-trustee, or custodian;
(iii) no trustee or custodian hereunder shall be personally liable by reason of any act or omission of any other trustee or custodian hereunder; and
(iv) the Trustee may at any time, by an instrument in writing executed by it, with the concurrence of the Depositor, accept the resignation of or remove any separate trustee, co-trustee or custodian, so appointed by it or them, if such resignation or removal does not violate the other terms of this Agreement.
(c) Any notice, request or other writing given to the Trustee shall be deemed to have been given to each of the then separate trustees and co-trustees, as effectively as if given to each of them. Every instrument appointing any separate trustee, co-trustee or custodian shall refer to this Agreement and the conditions of this Article VI. Each separate trustee and co-trustee, upon its acceptance of the trusts conferred, shall be vested with the estates or property specified in its instrument of appointment, either jointly with the Trustee or separately, as may be provided therein, subject to all the provisions of this Agreement, specifically including every provision of this Agreement relating to the conduct of, affecting the liability of, or affording protection to, the Trustee. Every such instrument shall be filed with the Trustee and a copy given to the Master Servicer.
(d) Any separate trustee, co-trustee or custodian may, at any time, constitute the Trustee, its agent or attorney-in-fact with full power and authority, to the extent not prohibited by law, to do any lawful act under or in respect of this Agreement on its behalf and in its name. If any separate trustee, co-trustee or custodian shall die, become incapable of acting, resign or be removed, all of its estates, properties, rights, remedies and trusts shall vest in and be exercised by the Trustee, to the extent permitted by law, without the appointment of a new or successor trustee.
(e) No separate trustee, co-trustee or custodian hereunder shall be required to meet the terms of eligibility as a successor trustee under Section 6.05 hereunder and no notice to the Certificateholders of the appointment shall be required under Section 6.07 hereof.
(f) The Trustee agrees to instruct the co-trustees, if any, to the extent necessary to fulfill the Trustee’s obligations hereunder.
(g) The Trust Fund shall pay the reasonable compensation of the co-trustees (which compensation shall not reduce any compensation payable to the Trustee).
Section 6.10 Authenticating Agents.
(a) The Trustee may appoint one or more Authenticating Agents which shall be authorized to act on behalf of the Trustee in authenticating Certificates. The Trustee hereby appoints the Securities Administrator as initial Authenticating Agent, and the Securities Administrator hereby accepts such appointment. Wherever reference is made in this Agreement to the authentication of Certificates by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent must be a national banking association or a corporation organized and doing business under the laws of the United States of America or of any state, having a combined capital and surplus of at least $15,000,000, authorized under such laws to exercise corporate trust powers and subject to supervision or examination by federal or state authorities.
(b) Any Person into which any Authenticating Agent may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to
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which any Authenticating Agent shall be a party, or any Person succeeding to the corporate agency business of any Authenticating Agent, shall continue to be the Authenticating Agent without the execution or filing of any paper or any further act on the part of the Trustee or the Authenticating Agent.
(c) Any Authenticating Agent may at any time resign by giving at least 30 days’ advance written notice of resignation to the Trustee and the Depositor. The Trustee may at any time terminate the agency of any Authenticating Agent by giving written notice of termination to such Authenticating Agent and the Depositor. Upon receiving a notice of resignation or upon such a termination, or in case at any time any Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section 6.10, the Trustee may appoint a successor authenticating agent, shall give written notice of such appointment to the Depositor and shall mail notice of such appointment to all Holders of Certificates. Any successor authenticating agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers, duties and responsibilities of its predecessor hereunder, with like effect as if originally named as Authenticating Agent. No successor authenticating agent shall be appointed unless eligible under the provisions of this Section 6.10. No Authenticating Agent shall have responsibility or liability for any action taken by it as such at the direction of the Trustee or in accordance with the provisions of this Agreement.
Section 6.11 Indemnification of the Trustee, the Securities Administrator and the Master Servicer.
Subject to the limitations described in clause (C) of the definition of Available Distribution Amount, Christiana Trust, a division of Wilmington Savings Fund Society, FSB, both in its individual capacity and in its capacity as Trustee hereunder, and Wells Fargo Bank, N.A., both in its individual capacity and in its capacities as Securities Administrator, Certificate Registrar, Paying Agent, Authenticating Agent and Master Servicer hereunder, and each of their respective directors, officers, employees and agents shall be indemnified and held harmless by, and entitled to reimbursement from, the Trust Fund for any claim, loss, liability, damage, cost or expense, including without limitation any reasonable legal fees and expenses and any extraordinary or unanticipated expense, incurred or expended (without negligence or willful misconduct on its or their part) in connection with, (a) investigating, preparing for, defending itself or themselves against, or prosecuting for itself or themselves or for the sake of the Trust Fund any legal proceeding, whether pending or threatened, that is related directly or indirectly in any way to the Trust Fund, this Agreement, the Purchase Agreements, the Servicing Agreements, the Mortgage Loan Purchase and Sale Agreement, the Custodial Agreement, the Mortgage Loans or other assets of the Trust Fund, or the Certificates (including without limitation the initial offering, any secondary trading and any transfer and exchange of the Certificates), (b) the acceptance or administration of the trusts created hereunder, (c) the performance or exercise or the lack of performance or exercise of any or all of its or their powers, duties, rights, responsibilities, or privileges hereunder, including without limitation (i) complying with any new or updated laws or regulations directly related to the performance by the Trustee, the Securities Administrator, the Certificate Registrar, the Paying Agent, the Authenticating Agent or the Master Servicer as applicable, of its obligations under this Agreement and (ii) addressing any bankruptcy in any way related to or affecting this Agreement, the Purchase Agreements, the Servicing Agreements, the Custodial Agreement, the Mortgage Loan Purchase and Sale Agreement or any party to such agreements, including, as applicable, all costs incurred in connection with the use of default specialists within or outside Christiana Trust, a division of Wilmington Savings Fund Society, FSB (in the case of Christiana Trust, a division of Wilmington Savings Fund Society, FSB personnel, such costs to be calculated using standard market rates), in the case of the Trustee, or Wells Fargo Bank, N.A. (in the case of Wells Fargo Bank, N.A. personnel, such costs to be calculated using standard market rates), in the case of the Master Servicer and the Securities Administrator. As of the Startup Day, no such indemnifications or expense reimbursements are expected to be paid from the Trust Fund and it is intended that if such payments are ever made that they be characterized for purposes of the REMIC Provisions as "unanticipated expenses" within the meaning of Treasury Regulation Section 1.860G-1(b)(3)(ii).
In connection with any claim as to which indemnification is to be sought hereunder:
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(i) the Trustee, the Securities Administrator, the Certificate Registrar, the Paying Agent, the Authenticating Agent or the Master Servicer as applicable, shall give the Depositor written notice thereof promptly after the Trustee, the Securities Administrator, the Certificate Registrar, the Paying Agent, the Authenticating Agent or the Master Servicer as applicable, shall have knowledge thereof; provided that failure of the Trustee, the Securities Administrator, the Certificate Registrar, the Paying Agent, the Authenticating Agent or the Master Servicer, as applicable, to provide such written notice shall not relieve the Trust Fund of the obligation to indemnify the Trustee, the Securities Administrator, the Certificate Registrar, the Paying Agent, the Authenticating Agent or the Master Servicer as applicable, under this Section 6.11;
(ii) while maintaining control over its own defense, the Trustee, the Securities Administrator, the Certificate Registrar, the Paying Agent, the Authenticating Agent or the Master Servicer as applicable, shall cooperate and consult fully with the Depositor in preparing such defense; and
(iii) notwithstanding anything to the contrary in this Section 6.11, the Trust Fund shall not be liable for settlement of any such claim by the Trustee, the Securities Administrator, the Certificate Registrar, the Paying Agent, the Authenticating Agent or the Master Servicer, as applicable, entered into without the prior consent of the Depositor, which consent shall not be unreasonably withheld.
The indemnification obligations set forth in this Section shall survive the discharge of this Agreement and the termination or resignation of the Trustee, the Securities Administrator, the Certificate Registrar, the Paying Agent, the Authenticating Agent or the Master Servicer, as applicable.
Section 6.12 Fees and Expenses of the Securities Administrator, the Certificate Registrar, the Paying Agent, Authenticating Agent, the Trustee and the Custodian.
(a) Compensation for the services of the Securities Administrator, the Certificate Registrar, the Paying Agent and the Authenticating Agent hereunder shall be paid from the Master Servicing Fee. The Securities Administrator shall be entitled to all disbursements and advancements incurred or made by the Securities Administrator in accordance with this Agreement (including fees and expenses of its counsel and all persons not regularly in its employment), except any such expenses arising from its negligence, bad faith or willful misconduct. Wells Fargo Bank, N.A. shall act as Securities Administrator for so long as it is Master Servicer under this Agreement.
(b) As compensation for its services hereunder, the Trustee shall be entitled to receive a Trustee fee equal to $3,500 per annum, which shall be paid by the Master Servicer pursuant to a separate agreement between the Trustee and the Master Servicer. Each successor master servicer and each successor trustee hereby agree to be bound by the terms of such agreement. Any costs and expenses incurred by the Trustee shall be reimbursed in accordance with Section 6.11.
(c) The Master Servicer shall pay, from the Master Servicing Fee, the fees and expenses of the Custodian as specified in the Custodial Agreement, and if the Custodial Agreement is terminated, the Master Servicer shall pay such fees and expenses of any successor custodian pursuant to a new custodial agreement to be entered into among the Depositor, the Seller, the Trustee, the successor custodian and the Master Servicer.
Section 6.13 Collection of Monies.
Except as otherwise expressly provided in this Agreement, the Trustee and the Securities Administrator may demand payment or delivery of, and shall receive and collect, all money and other property payable to or receivable by it pursuant to this Agreement. The Trustee or the Securities Administrator, as applicable, shall hold all such money and property received by it as part of the Trust Fund and shall distribute it as provided in this Agreement.
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Section 6.14 Events of Default; Trustee to Act; Appointment of Successor.
(a) The occurrence of any one or more of the following events shall constitute an “Event of Default”:
(i) Any failure by the Master Servicer to furnish the Securities Administrator the Mortgage Loan data sufficient to prepare the reports described in Section 4.02 which continues unremedied for a period of one Business Day after the date upon which written notice of such failure shall have been given to the Master Servicer by the Trustee or the Securities Administrator or to the Master Servicer, the Securities Administrator and the Trustee by the Holders of not less than 25% of the Class Principal Amount (or Class Notional Amount) of each Class of Certificates affected thereby;
(ii) Any failure on the part of the Master Servicer duly to observe or perform in any material respect any other of the covenants or agreements (other than those referred to in (vii) and (viii) below) on the part of the Master Servicer contained in this Agreement which continues unremedied for a period of 30 days after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the Master Servicer by the Trustee or the Securities Administrator, or to the Master Servicer, the Securities Administrator and the Trustee by the Holders of more than 50% of the Aggregate Voting Interests of the Certificates (or in the case of a breach of its obligation to provide an Item 1123 Certificate, an Assessment of Compliance or an Accountant’s Attestation pursuant to Sections 6.22, 6.23 and 6.24, immediately without a cure period);
(iii) A decree or order of a court or agency or supervisory authority having jurisdiction for the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against the Master Servicer, and such decree or order shall have remained in force undischarged or unstayed for a period of 60 days or a Rating Agency reduces or withdraws or threatens to reduce or withdraw the rating of the Certificates because of the financial condition or loan servicing capability of such Master Servicer;
(iv) The Master Servicer shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshalling of assets and liabilities, voluntary liquidation or similar proceedings of or relating to the Master Servicer or of or relating to all or substantially all of its property;
(v) The Master Servicer shall admit in writing its inability to pay its debts generally as they become due, file a petition to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors or voluntarily suspend payment of its obligations;
(vi) The Master Servicer shall be dissolved, or shall dispose of all or substantially all of its assets, or consolidate with or merge into another entity or shall permit another entity to consolidate or merge into it, such that the resulting entity does not meet the criteria for a successor servicer as specified in Section 9.05 hereof;
(vii) If a representation or warranty set forth in Section 9.03 hereof shall prove to be incorrect as of the time made in any respect that materially and adversely affects the interests of the Certificateholders, and the circumstance or condition in respect of which such representation or warranty was incorrect shall not have been eliminated or cured within 30 days after the date on which written notice of such incorrect representation or warranty shall have been given to the Master Servicer by the Trustee or the Securities Administrator, or to the Master Servicer, the Securities Administrator and the Trustee by the Holders of more than 50% of the Aggregate Voting Interests of the Certificates;
(viii) A sale or pledge of any of the rights of the Master Servicer hereunder or an assignment of this Agreement by the Master Servicer or a delegation of the rights or duties of the Master Servicer hereunder shall have occurred in any manner not otherwise permitted hereunder and without the prior
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written consent of the Trustee and Certificateholders holding more than 50% of the Aggregate Voting Interests of the Certificates;
(ix) The purchase or holding of any Certificates by the Master Servicer or any master servicer transferee that is an insured depository institution (as such term is defined in the Federal Deposit Insurance Act) such that the Master Servicer or such master servicer transferee is required to consolidate any assets of the issuing entity on its financial statements under U.S. generally accepted accounting principles;
(x) Any failure of the Master Servicer to make any Advances when such Advances are due, which failure continues unremedied for a period of one Business Day.
If an Event of Default described in clauses (i) through (ix) of this Section shall occur, then, in each and every case, subject to applicable law, so long as any such Event of Default shall not have been remedied within any period of time as prescribed by this Section, the Trustee, by notice in writing to the Master Servicer may, and, if so directed in writing by Certificateholders evidencing either (i) more than 50% of the Class Principal Amount (or Class Notional Amount) of each Class of Certificates, or (ii) 50% of the aggregate Class Principal Amount of the Subordinate Certificates, or upon the occurrence of an Event of Default described in clause (x) of this Section, shall, terminate all of the rights and obligations of the Master Servicer hereunder and in and to the Mortgage Loans and the proceeds thereof; provided, however, that in the case of the preceding clause (ii), the Trustee shall provide written notice to all of the Certificateholders within two Business Days of receiving such direction and shall not terminate the Master Servicer if, within 30 days of sending such written notice, the Trustee has received contrary instructions from Certificateholders evidencing more than 50% of the Aggregate Voting Interests of the Certificateholders. On or after the receipt by the Master Servicer of such written notice, all authority and power of the Master Servicer, and only in its capacity as Master Servicer under this Agreement, whether with respect to the Mortgage Loans or otherwise, shall pass to and be vested in the Trustee; and the Trustee is hereby authorized and empowered to execute and deliver, on behalf of the defaulting Master Servicer as attorney-in-fact or otherwise, any and all documents and other instruments, and to do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement or assignment of the Mortgage Loans and related documents or otherwise. The defaulting Master Servicer agrees to cooperate with the Trustee and the Securities Administrator in effecting the termination of the defaulting Master Servicer’s responsibilities and rights hereunder as Master Servicer including, without limitation, notifying Servicers of the assignment of the master servicing function and providing the Trustee or its designee all documents and records in electronic or other form reasonably requested by it to enable the Trustee or its designee to assume the defaulting Master Servicer’s functions hereunder and the transfer to the Trustee for administration by it of all amounts which shall at the time be or should have been deposited by the defaulting Master Servicer in the Distribution Account and any other account or fund maintained with respect to the Certificates or thereafter received with respect to the Mortgage Loans. The Master Servicer being terminated pursuant to this Section 6.14 shall bear all costs of a master servicing transfer, including but not limited to those of the Trustee or Securities Administrator reasonably allocable to specific employees and overhead, legal fees and expenses, accounting and financial consulting fees and expenses, and costs of amending this Agreement, if necessary. If the same Person is acting as both the Securities Administrator and the Master Servicer, then the Trustee shall direct the Depositor to remove the Securities Administrator in accordance with the provisions of Section 6.06(b), and the Depositor promptly upon such direction shall remove the Securities Administrator in accordance therewith.
Notwithstanding the termination of its activities as Master Servicer, each terminated Master Servicer shall continue to be entitled to reimbursement under this Agreement to the extent such reimbursement relates to the period prior to such Master Servicer’s termination. The successor master servicer shall not be required to purchase or reimburse the terminated Master Servicer's Advance receivables. For the avoidance of doubt, to the extent that the terminated Master Servicer and a successor master servicer have each made Advances in respect of the same Mortgage Loan, recovered amounts shall be used to reimburse the terminated Master Servicer and a successor master servicer in the order in which such Advances were made.
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When a Responsible Officer of the Trustee has actual knowledge of the occurrence of an Event of Default, the Trustee shall promptly notify the Securities Administrator and each Rating Agency through the Rule 17g-5 Information Provider of the nature and extent of such Event of Default. The Trustee or the Securities Administrator shall promptly give written notice to the Master Servicer upon the Master Servicer’s failure to fund Advances as required under this Agreement.
(b) On and after the time the Master Servicer receives a notice of termination from the Trustee pursuant to Section 6.14(a) or the Trustee receives the written resignation of the Master Servicer pursuant to Section 9.06, the Trustee, unless, in either case, another master servicer shall have been appointed by the Trustee, shall be the successor in all respects to the Master Servicer in its capacity as such under this Agreement and with respect to the transactions set forth or provided for herein and shall have all the rights and powers and be subject to all the responsibilities, duties and liabilities relating thereto and arising thereafter placed on the Master Servicer hereunder, including the obligation to make Advances in accordance with Section 5.04; provided, however, that any failure to perform such duties or responsibilities caused by the Master Servicer’s failure to provide information required by this Agreement shall not be considered a default by the Trustee hereunder. The Trustee shall have no responsibility for any act or omission of the Master Servicer other than any act or omission performed by the Trustee in its capacity as a successor master servicer. In addition, the Trustee shall have no liability relating to the representations and warranties of the Master Servicer set forth in Section 9.03. In the Trustee’s capacity as successor master servicer, the Trustee shall have the same limitations on liability herein granted to the Master Servicer. As compensation for acting as successor master servicer hereunder, the Trustee shall be entitled to receive all compensation payable to the Master Servicer under this Agreement, including the Master Servicing Fee, subject to Section 6.14(d).
(c) Notwithstanding the above, the Trustee may, if it shall be unwilling to continue to so act, or shall, if it is unable to so act, petition a court of competent jurisdiction to appoint, or appoint on its own behalf any established housing and home finance institution servicer, master servicer, servicing or mortgage servicing institution having a net worth of not less than $15,000,000, which is a Fannie Mae or Freddie Mac-approved master servicer, and meeting such other standards for a successor master servicer as are set forth in this Agreement, as the successor to such Master Servicer in the assumption of all of the responsibilities, duties and liabilities of a master servicer, like the Master Servicer. Any entity designated by the Trustee as a successor master servicer may be an Affiliate of the Trustee; provided, however, that, unless such Affiliate meets the net worth requirements and other standards set forth herein for a successor master servicer, the Trustee, in its individual capacity, shall agree, at the time of such designation, to be and remain liable to the Trust Fund for such Affiliate’s actions and omissions in performing its duties hereunder.
The Trustee and such successor shall take such actions, consistent with this Agreement, as shall be necessary to effectuate any such succession and may make other arrangements with respect to the master servicing to be conducted hereunder which are not inconsistent herewith. The Master Servicer shall cooperate with the Trustee and any successor master servicer in effecting the termination of the Master Servicer’s responsibilities and rights hereunder including, without limitation, notifying Mortgagors of the assignment of the master servicing functions and providing the Trustee and successor master servicer, as applicable, all documents and records in electronic or other form reasonably requested by it to enable it to assume the Master Servicer’s functions hereunder and transferring to the Trustee or such successor master servicer, as applicable, all amounts which shall at the time be or which should have been deposited by the Master Servicer in the Distribution Account and any other account or fund maintained with respect to the Certificates or thereafter be received with respect to the Mortgage Loans. Neither the Trustee nor any other successor master servicer shall be deemed to be in default hereunder by reason of any failure to make, or any delay in making, any distribution hereunder or any portion thereof caused by (i) the failure of the predecessor master servicer to deliver, or any delay in delivering, cash, documents or records to it, (ii) the failure of the predecessor master servicer to cooperate as required by this Agreement, (iii) the failure of the predecessor master servicer to deliver the Mortgage Loan data to the Securities Administrator as required by this Agreement or (iv) restrictions imposed by any regulatory authority having jurisdiction over the predecessor master servicer. No successor master servicer (other than the Trustee, with respect to the failure of the Trustee to cooperate as set forth in subclause (ii) below) shall be deemed to be in default
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hereunder by reason of any failure to make, or any delay in making, any distribution hereunder or any portion thereof caused by (i) the failure of the Securities Administrator to deliver, or any delay in delivering cash, documents or records to it related to such distribution, or (ii) the failure of Trustee or the Securities Administrator to cooperate as required by this Agreement.
Any successor master servicer shall execute and deliver to the Depositor, the Seller and the predecessor master servicer the certification required pursuant to the first sentence of Section 6.20(e).
(d) In connection with such appointment and assumption of a successor master servicer, the Trustee may make such arrangements for the compensation of such successor out of payments on Mortgage Loans as it and such successor shall agree; provided, however, that no such compensation shall be in excess of that permitted to the Master Servicer hereunder.
(e) To the extent that the costs and expenses incurred by the Trustee in connection with any alleged or actual default by the Master Servicer, the termination of the Master Servicer, any appointment of a successor master servicer and/or any transfer and assumption of master servicing by the Trustee or any successor master servicer (including, without limitation, (i) all legal costs and expenses and all due diligence costs and expenses associated with the investigation of any alleged or actual default by the Master Servicer, the evaluation of the potential termination and/or the actual termination of the Master Servicer and the appointment of a successor master servicer and (ii) all Master Servicing Transfer Costs) are not fully and timely reimbursed by the terminated master servicer, then (a) the successor master servicer shall deduct such amounts from any amounts that it otherwise would have paid to the predecessor master servicer in reimbursement of outstanding Advances, and the successor master servicer shall reimburse itself and the Trustee for any unreimbursed costs and expenses, and (b) if the Trustee is not required to be reimbursed by the Master Servicer or if such costs and expenses are not satisfied pursuant to clause (a) within 90 days, then the Trustee and the successor master servicer shall be entitled to reimbursement of such costs and expenses from the Distribution Account, subject to the limitations described in clause (C) of the definition of Available Distribution Amount.
Section 6.15 Additional Remedies of Trustee Upon Event of Default.
During the continuance of any Event of Default, so long as such Event of Default shall not have been remedied, the Trustee, in addition to the rights specified in Section 6.14, shall have the right, in its own name and as trustee of the Trust Fund, to take all actions now or hereafter existing at law, in equity or by statute to enforce its rights and remedies and to protect the interests, and enforce the rights and remedies, of the Certificateholders (including the institution and prosecution of all judicial, administrative and other proceedings and the filing of proofs of claim and debt in connection therewith). Except as otherwise expressly provided in this Agreement, no remedy provided for by this Agreement shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy, and no delay or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed to be a waiver of any Event of Default.
Section 6.16 Waiver of Defaults.
More than 50% of the Aggregate Voting Interests of the Certificateholders may waive any event of default of a Servicer or the Servicing Administrator under the related Servicing Agreement or Event of Default by the Master Servicer in the performance of its obligations hereunder, except that a default in the making of any Advances or any required deposit to the Distribution Account that would result in a failure of the Paying Agent to make any required payment of principal of or interest on the Certificates may only be waived with the consent of 100% of the Certificateholders. Upon any such waiver of a past default, such default shall cease to exist, and any event of default under a Servicing Agreement or Event of Default hereunder arising therefrom shall be deemed to have been remedied for every purpose of the related Servicing Agreement and/or this Agreement, as applicable. No such waiver shall extend to any subsequent or other default or impair any right consequent thereon except to the extent expressly so waived.
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Section 6.17 Notification to Holders.
Upon termination of the Master Servicer or appointment of a successor to the Master Servicer, in each case as provided herein, the Trustee (i) so long as the Master Servicer and the Securities Administrator are not the same Person, shall promptly notify the Securities Administrator in writing, and (ii) shall promptly mail notice thereof by first class mail to the Certificateholders at their respective addresses appearing on the Certificate Register. The Trustee shall also, within 45 days after the date when a Responsible Officer of the Trustee has actual knowledge of the occurrence of any Event of Default, give written notice thereof to the Securities Administrator and the Certificateholders, unless such Event of Default shall have been cured or waived prior to the issuance of such notice and within such 45-day period.
Section 6.18 Directions by Certificateholders and Duties of Trustee During Event of Default.
Subject to the provisions of Sections 6.16 and 8.01 hereof, during the continuance of any Event of Default, Holders of Certificates evidencing not less than 25% of the Class Principal Amount (or Percentage Interest) of each Class of Certificates affected thereby may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Agreement; provided, however, that the Trustee shall be under no obligation to pursue any such remedy, or to exercise any of the trusts or powers vested in it by this Agreement (including, without limitation, (i) the conducting or defending of any administrative action or litigation hereunder or in relation hereto and (ii) the terminating of the Master Servicer or any successor master servicer from its rights and duties as Master Servicer hereunder) at the request, order or direction of any of the Certificateholders, unless such Certificateholders shall have offered to the Trustee reasonable security or indemnity against the cost, expenses and liabilities which may be incurred therein or thereby; and, provided further, that, subject to the provisions of Section 8.01, the Trustee shall have the right to decline to follow any such direction if the Trustee, in accordance with an Opinion of Counsel, (a) determines that the action or proceeding so directed may not lawfully be taken or (b) in good faith determines that the action or proceeding so directed would involve it in personal liability for which it is not indemnified to its satisfaction or be unjustly prejudicial to the non-assenting Certificateholders.
Section 6.19 Action Upon Certain Failures of the Master Servicer and Upon Event of Default.
In the event that a Responsible Officer of the Trustee shall have actual knowledge of any action or inaction of the Master Servicer that would become an Event of Default upon the Master Servicer’s failure to remedy the same after notice, the Trustee shall give prompt written notice thereof to the Master Servicer.
Section 6.20 Preparation of Tax Returns and Other Reports.
(a) The Securities Administrator shall prepare or cause to be prepared on behalf of the Trust Fund, based upon information calculated in accordance with this Agreement pursuant to instructions given by the Depositor, and the Securities Administrator shall file federal tax returns, all in accordance with Article X hereof. If the Securities Administrator is notified in writing that a state tax return or other return is required, then, at the sole expense of the Trust Fund, the Securities Administrator shall prepare and file such state income tax returns and such other returns as may be required by applicable law relating to the Trust Fund, and, if required by state law, and shall file any other documents to the extent required by applicable state tax law (to the extent such documents are in the Securities Administrator’s possession). The Securities Administrator shall forward copies to the Depositor of all such returns and Form 1099 supplemental tax information and such other information within the control of the Securities Administrator as the Depositor may reasonably request in writing, and shall distribute to each Certificateholder such forms and furnish such information within the control of the Securities Administrator as are required by the Code and the REMIC Provisions to be furnished to them, and will
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prepare and distribute to Certificateholders Form 1099 (supplemental tax information) (or otherwise furnish information within the control of the Securities Administrator) to the extent required by applicable law. The Master Servicer will indemnify the Securities Administrator and the Trustee for any liability of or assessment against the Securities Administrator and the Trustee, as applicable, resulting from any error in any of such tax or information returns directly resulting from errors in the information provided by such Master Servicer.
(b) The Securities Administrator shall prepare and file with the Internal Revenue Service (“IRS”), on behalf of the Trust Fund and each REMIC created hereunder, an application for an employer identification number on IRS Form SS-4 or by any other acceptable method. The Securities Administrator shall also file a Form 8811 as required. The Securities Administrator, upon receipt from the IRS of the Notice of Taxpayer Identification Number Assigned, shall upon request promptly forward a copy of such notice to the Depositor. The Securities Administrator shall furnish any other information that is required by the Code and regulations thereunder to be made available to the Certificateholders. The Master Servicer shall cause each Servicer to provide the Securities Administrator with such information as is necessary for the Securities Administrator to prepare such reports.
Section 6.21 Reporting to the Commission.
Each of Form 10-D and Form 10-K requires the registrant to indicate (by checking “yes” or “no”) that it “(1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.” The Depositor hereby represents to the Securities Administrator that the Depositor has filed all such required reports during the preceding 12 months and that it has been subject to such filing requirement for the past 90 days. The Depositor shall notify the Securities Administrator in writing, no later than the fifth calendar day after the related Distribution Date with respect to the filing of a report on Form 10-D and no later than March 15th with respect to the filing of a report on Form 10-K, if the answer to the questions should be “no.” The Securities Administrator shall be entitled to rely on such representations in preparing and/or filing any such report.
(a) Reports Filed on Form 10-D.
(i) Within 15 days after each Distribution Date (subject to permitted extensions under the Exchange Act), the Securities Administrator shall prepare and file on behalf of the Trust Fund any Form 10-D required by the Exchange Act, in form and substance as required by the Exchange Act. The Securities Administrator shall file each Form 10-D with a copy of the related Distribution Date Statement attached thereto. Any disclosure in addition to the Distribution Date Statement that is required to be included on Form 10-D (“Additional Form 10-D Disclosure”) shall be reported by the parties set forth on Exhibit L hereto to the Depositor and the Securities Administrator and reviewed and approved or disapproved by the Depositor pursuant to the following paragraph and the Securities Administrator will have no duty or liability for any failure hereunder to determine or prepare any Additional Form 10-D Disclosure, except as set forth in the next paragraph.
(ii) As set forth on Exhibit L hereto, within 5 calendar days after the related Distribution Date, (1) the parties set forth thereon shall be required to provide to the Securities Administrator (at cts.sec.notifications@wellsfargo.com, with a copy by facsimile to 410-715-2380) and the Depositor, to the extent known by a Responsible Officer thereof, in EDGAR-compatible form, or in such other form as otherwise agreed upon by the Securities Administrator and such party, the form and substance of any Additional Form 10-D Disclosure, if applicable together with an additional disclosure notification in the form of Exhibit I hereto (an “Additional Disclosure Notification”) and (2) the Depositor will approve, as to form and substance, or disapprove, as the case may be, the inclusion of the Additional Form 10-D Disclosure on Form 10-D. The Depositor will be responsible for any reasonable fees and expenses assessed or incurred by the Securities Administrator in connection with including any Additional Form 10-D Disclosure on Form 10-D pursuant to this paragraph.
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(iii) After preparing the Form 10-D, the Securities Administrator shall forward electronically a copy of the Form 10-D to the Depositor for review. The Securities Administrator will provide a copy of the Form 10-D to the Depositor by the 11th calendar day after the related Distribution Date. On the 12th calendar day after the related Distribution Date, the Depositor will provide any changes or approval to the Securities Administrator (which may be furnished electronically). In the absence of receipt of any written changes or approval, the Securities Administrator shall be entitled to assume that such Form 10-D is in final form and the Securities Administrator may proceed with the filing of the Form 10-D. No later than the 13th calendar day after the related Distribution Date, a duly authorized representative of the Depositor shall sign the Form 10-D and return an electronic or fax copy of such signed Form 10-D (with an original executed hard copy to follow by overnight mail) to the Securities Administrator. If a Form 10-D cannot be filed on time or if a previously filed Form 10-D needs to be amended, the Securities Administrator will follow the procedures set forth in subsection (d)(ii) of this Section 6.21. Promptly (but no later than 1 Business Day) after filing with the Commission, the Securities Administrator will make available on its internet website a final executed copy of each Form 10-D prepared and filed by the Securities Administrator. Each party to this Agreement acknowledges that the performance by the Securities Administrator of its duties under this Section 6.21(a) related to the timely preparation and filing of Form 10-D is contingent upon such parties strictly observing all applicable deadlines in the performance of their duties. The Securities Administrator shall not have any liability for any loss, expense, damage or claim arising out of or with respect to any failure to properly prepare, execute and/or timely file such Form 10-D, where such failure results from the Securities Administrator’s inability or failure to obtain or receive, on a timely basis, any information from any other party needed to prepare, arrange for execution or file such Form 10-D, not resulting from its own negligence, bad faith or willful misconduct.
(b) Reports Filed on Form 10-K.
(i) On or prior to the 90th day after the end of each fiscal year of the Trust Fund or such earlier date as may be required by the Exchange Act (the “10-K Filing Deadline”) (it being understood that the fiscal year for the Trust Fund ends on December 31st of each year), commencing in March 2013, the Securities Administrator shall prepare and file on behalf of the Trust Fund any Form 10-K required by the Exchange Act, in form and substance as required by the Exchange Act. Each such Form 10-K shall include the following items, in each case to the extent they have been delivered to the Securities Administrator within the applicable time frames set forth in this Agreement, the Custodial Agreement and the related Servicing Agreement, (1) the Item 1123 Certificate for each Servicer, each Additional Servicer, the Master Servicer, the Servicing Administrator and the Securities Administrator as described under Section 6.22, (2)(A) the Assessment of Compliance with servicing criteria for each Servicer, the Custodian, each Servicing Function Participant, the Master Servicer, the Servicing Administrator, the Securities Administrator and any Servicing Function Participant engaged by such parties (each, a “Reporting Servicer”), as described under Section 6.23 and the Custodial Agreement and (B) if any Reporting Servicer’s Assessment of Compliance identifies any material instance of noncompliance, disclosure identifying such instance of noncompliance, or if any Reporting Servicer’s Assessment of Compliance is not included as an exhibit to such Form 10-K, disclosure that such report is not included and an explanation why such report is not included, (3)(A) the Accountant’s Attestation for each Reporting Servicer, as described under Section 6.24 and (B) if any Accountant’s Attestation identifies any material instance of noncompliance, disclosure identifying such instance of noncompliance, or if any such Accountant’s Attestation is not included as an exhibit to such Form 10-K, disclosure that such report is not included and an explanation why such report is not included, and (4) the certification required under Rule 13a-14(d) and 15d-14(d) under the Exchange Act executed by the Depositor (provided, however, that the Securities Administrator, at its discretion, may omit from the Form 10-K any annual compliance statement, Assessment of Compliance or Accountant’s Attestation that is not required to be filed with such Form 10-K pursuant to Regulation AB). Any disclosure or information in addition to (1) through (4) above that is required to be included on Form 10-K (“Additional Form 10-K Disclosure”) shall be reported by the parties set forth on Exhibit M hereto to the Depositor and the Securities Administrator and reviewed and approved or disapproved by the Depositor pursuant to the following paragraph and the Securities Administrator will
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have no duty or liability for any failure hereunder to determine or prepare any Additional Form 10-K Disclosure, except as set forth in the next paragraph.
(ii) As set forth on Exhibit M hereto, no later than March 15 following each fiscal year that the Trust Fund is subject to the Exchange Act reporting requirements, commencing in March 2013, (1) the parties set forth on Exhibit M shall be required to provide to the Securities Administrator (at cts.sec.notifications@wellsfargo.com with a copy by facsimile to 410-715-2380) and the Depositor, to the extent known by a Responsible Officer thereof, a notice in the form of Exhibit I hereto, along with, in EDGAR-compatible form, or in such other form as otherwise agreed upon by the Securities Administrator and such party, the form and substance of any Additional Form 10-K Disclosure, if applicable, together with any applicable Additional Disclosure Notification and (2) the Depositor will approve, as to form and substance, or disapprove, as the case may be, the inclusion of the Additional Form 10-K Disclosure or information in the Additional Disclosure Notification on Form 10-K. The Depositor will be responsible for any reasonable fees and expenses assessed or incurred by the Securities Administrator in connection with including any Additional Form 10-K Disclosure or information from the Additional Disclosure Notification in Form 10-K pursuant to this paragraph.
(iii) After preparing the Form 10-K, the Securities Administrator shall forward electronically a copy of the Form 10-K to the Depositor for review. Within three (3) business days of receipt, but in no event later than March 25, the Depositor shall notify the Securities Administrator in writing (which may be furnished electronically) of any changes to or approval of such Form 10-K. In the absence of any written changes or approval, the Securities Administrator shall be entitled to assume that such Form 10-K is in final form. No later than the close of business on the 4th Business Day prior to the 10-K Filing Deadline, a senior officer in charge of securitization of the Depositor shall sign the Form 10-K and related certifications required under the Exchange Act and return an electronic or fax copy of such documents (with an original executed hard copy to follow by overnight mail) to the Securities Administrator. If a Form 10-K cannot be filed on time or if a previously filed Form 10-K needs to be amended, the Securities Administrator will follow the procedures set forth in Section 6.21(d). Promptly (but no later than 1 Business Day) after filing with the Commission, the Securities Administrator will make available on its internet website a final executed copy of each Form 10-K prepared and filed by the Securities Administrator. The parties to this Agreement acknowledge that the performance by the Securities Administrator of its duties under this Section 6.21(b) related to the timely preparation and filing of Form 10-K is contingent upon such parties (and the Custodian, the Servicers and any Additional Servicer or Servicing Function Participant) strictly observing all applicable deadlines in the performance of their duties. The Securities Administrator shall not have any liability for any loss, expense, damage or claim arising out of or with respect to any failure to properly prepare and/or timely file such Form 10-K, where such failure results from the Securities Administrator’s inability or failure to obtain or receive, on a timely basis, any information from any other party needed to prepare, arrange for execution or file such Form 10-K, not resulting from its own negligence, bad faith or willful misconduct.
(c) Reports Filed on Form 8-K.
(i) Within four (4) Business Days after the occurrence of an event requiring disclosure on Form 8-K (each such event, a “Reportable Event”), and if requested by the Depositor, the Securities Administrator shall prepare and file on behalf of the Trust Fund any Form 8-K, as required by the Exchange Act, provided that the Depositor shall file the initial Form 8-K in connection with the issuance of the Certificates. Any disclosure or information related to a Reportable Event or that is otherwise required to be included on Form 8-K (“Form 8-K Disclosure Information”) shall be reported by the parties set forth on Exhibit N hereto to the Depositor and the Securities Administrator and reviewed and approved or disapproved by the Depositor pursuant to the following paragraph and the Securities Administrator will have no duty or liability for any failure hereunder to determine or prepare any Form 8-K Disclosure Information or any Form 8-K, except as set forth in the next paragraph.
(ii) As set forth on Exhibit N hereto, for so long as the Trust Fund is subject to the Exchange Act reporting requirements, no later than the end of business (New York City time) on the 2nd Business
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Day after the occurrence of a Reportable Event (1) the parties to this transaction shall be required to provide to the Securities Administrator (at cts.sec.notifications@wellsfargo.com with a copy by facsimile to 410-715-2380) and the Depositor, to the extent known by a Responsible Officer thereof, a notice in the form of Exhibit I attached hereto, along with, in EDGAR-compatible form, or in such other form as otherwise agreed upon by the Securities Administrator and such party, the form and substance of any Form 8-K Disclosure Information, if applicable, together with an Additional Disclosure Notification and (2) the Depositor will approve, as to form and substance, or disapprove, as the case may be, the inclusion of the Form 8-K Disclosure Information. The Depositor will be responsible for any reasonable fees and expenses assessed or incurred by the Securities Administrator in connection with including any Form 8-K Disclosure Information on Form 8-K pursuant to this paragraph. The Securities Administrator has no duty under this Agreement to monitor or enforce the performance by the parties listed in Exhibit N of their duties under this paragraph and will not solicit from such parties any Form 8-K Disclosure Notification.
(iii) After preparing the Form 8-K, the Securities Administrator shall forward electronically a copy of the Form 8-K to the Depositor for review. Promptly, but no later than the close of business on the 3rd Business Day after the Reportable Event, the Depositor shall notify the Securities Administrator in writing (which may be furnished electronically) of any changes to or approval of such Form 8-K. In the absence of receipt of any written changes or approval, the Securities Administrator shall be entitled to assume that such Form 8-K is in final form and the Securities Administrator may proceed with the filing of the Form 8-K. No later than noon (New York City time) on the 4th Business Day after the Reportable Event, a duly authorized officer of the Depositor shall sign the Form 8-K and return an electronic or fax copy of such signed Form 8-K (with an original executed hard copy to follow by overnight mail) to the Securities Administrator. If a Form 8-K cannot be filed on time or if a previously filed Form 8-K needs to be amended, the Securities Administrator will follow the procedures set forth in Section 6.21(d). Promptly (but no later than 1 Business Day) after filing with the Commission, the Securities Administrator will make available on its internet website a final executed copy of each Form 8-K prepared and filed by the Securities Administrator. The parties to this Agreement acknowledge that the performance by the Securities Administrator of its duties under this Section 6.21(c) related to the timely preparation and filing of Form 8-K is contingent upon such parties strictly observing all applicable deadlines in the performance of their duties. The Securities Administrator shall not have any liability for any loss, expense, damage or claim arising out of or with respect to any failure to properly prepare and/or timely file such Form 8-K, where such failure results from the Securities Administrator’s inability or failure to obtain or receive, on a timely basis, any information from any other party hereto needed to prepare, arrange for execution or file such Form 8-K, not resulting from its own negligence, bad faith or willful misconduct.
(d) Delisting; Amendments; Late Filings.
(i) If the Depositor determines that the requirements for suspension of the Trust Fund’s Exchange Act reporting requirements set forth in Rule 15d-22(b) of the Exchange Act and any other applicable regulation are satisfied, it shall so notify the Securities Administrator. Following receipt of such notice, the Securities Administrator shall prepare and file a Form 15 Suspension Notification with respect to the Trust Fund under the Exchange Act (a “Form 15”). Subsequent to the filing of a Form 15, if the Depositor determines that the Trust Fund has once again become subject to the Exchange Act reporting requirements, then it shall promptly notify the Securities Administrator, and the Securities Administrator shall recommence preparing and filing required Exchange Act reports. Prior to January 30 of the following calendar year, the Securities Administrator shall, if directed to do so by the Depositor, in accordance with industry standards, prepare and file a Form 15.
In connection with any direct offering of Certificates by the Depositor, in an offering registered with the Commission, subsequent to the filing of a Form 15 pursuant to the preceding paragraph: (1) the Depositor shall notify the Securities Administrator in writing not less than 10 days prior to the date on which such offering will be made; (2) the Depositor shall cause to be prepared and filed the initial current report on Form 8-K required to be filed in connection with such offering; (3) the Securities Administrator, as directed by the Depositor, shall file a report on Form 10-D for the Distribution Date following the month in which such offering occurs and, thereafter, any reports on forms 8-K, 10-K and 10-D in respect of the
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Trust Fund as and to the extent required under the Exchange Act, as set forth in this Section (other than the report referred to in clause (2) above); (4) the Depositor shall be responsible for notifying the other parties to the transaction of such offering and that the obligations of such parties to provide information in connection with the Depositor’s Exchange Act reporting requirements have been reinstated; and (5) the Depositor shall be responsible for all reasonable fees and expenses incurred by the Securities Administrator in connection with such offering, including its review and approval of any offering document and any amendment to any transaction document made in connection with such offering.
(ii) In the event that the Securities Administrator is unable to timely file with the Commission all or any required portion of any Form 8-K, 10-D or 10-K required to be filed by this Agreement because required disclosure information was either not delivered to it or delivered to it after the delivery deadlines set forth in this Agreement or for any other reason, the Securities Administrator will promptly, but no later than within one Business Day, notify electronically the Depositor. In the case of Form 10-D and 10-K, the parties to this Agreement will cooperate to prepare and file a Form 12b-25 and a 10-D/A or 10-K/A, as applicable, pursuant to Rule 12b-25 of the Exchange Act. In the case of Form 8-K, the Securities Administrator will, upon receipt of all required Form 8-K Disclosure Information and upon the approval and direction of the Depositor, include such disclosure information on the next Form 10-D. In the event that any previously filed Form 8-K, 10-D or 10-K needs to be amended to include additional disclosure in connection with any additional Form 10-D disclosure (other than for the purpose of restating any Distribution Date Statement), additional Form 10-K or Form 8-K disclosure information, the Securities Administrator will electronically notify the Depositor and the affected parties and the Securities Administrator shall prepare and file, and such parties will cooperate in the preparation and filing of any necessary Form 8-K/A, 10-D/A or 10-K/A. Any Form 15, Form 12b-25 or any amendment to Form 8-K, 10-D or 10-K shall be signed by a senior officer in charge of securitization of the Depositor. The parties to this Agreement acknowledge that the performance by the Securities Administrator of its duties under this Section 6.21(d) related to the timely preparation and filing of a Form 12b-25 or any amendment to Form 8-K, 10-D or 10-K is contingent upon each such party performing its duties under this Section. The Securities Administrator shall have no liability for any loss, expense, damage or claim arising out of or with respect to any failure to properly prepare and/or timely file any such Form 15, Form 12b-25 or any amendments to Forms 8-K, 10-D or 10-K, where such failure results from the Securities Administrator’s inability or failure to obtain or receive, on a timely basis, any information from any other party needed to prepare, arrange for execution or file such Form 15, Form 12b-25 or any amendments to Forms 8-K, 10-D or 10-K, not resulting from its own negligence, bad faith or willful misconduct.
Notwithstanding anything to the contrary herein, the Securities Administrator shall not file any Form 8-K, Form 10-D or Form 10-K as to which it has received from the Depositor a notice to the effect that, upon review of the proposed filing, the Depositor does not approve of such filing.
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(e) Sarbanes-Oxley Certification Back-up.
In connection with the annual certification to be delivered by the Depositor pursuant to Rules 13a-14d and 15d-14(d) of the Exchange Act, each Servicer, pursuant to the applicable Servicing Agreement, the Master Servicer and the Securities Administrator shall provide, and each Servicer, pursuant to the applicable Servicing Agreement, the Master Servicer and the Securities Administrator shall cause any Servicing Function Participant engaged by it to provide, to the Depositor, by March 15 following each year in which the Trust Fund is subject to the reporting requirements of the Exchange Act and otherwise within a reasonable period of time upon request, a certification (each, a “Back-Up Certificate”), in the form attached hereto as Exhibit J (or in such other form attached to the applicable Servicing Agreement), upon which the Depositor and its officers, directors and Affiliates can reasonably rely. In the event that a Servicer, the Master Servicer, the Securities Administrator or any Servicing Function Participant engaged by any such party is terminated or resigns pursuant to the terms of this Agreement, the applicable Servicing Agreement or any applicable sub-servicing agreement, as the case may be, such party shall provide a Back-Up Certificate to the Depositor pursuant to this Section 6.21(e) with respect to the period of time it was subject to this Agreement, the applicable Servicing Agreement or any applicable sub-servicing agreement, as the case may be.
The Master Servicer shall enforce any obligation of the Servicers, to the extent set forth in the related Servicing Agreement, to deliver to the Master Servicer the Back-Up Certificate as may be required pursuant to the related Servicing Agreement.
Section 6.22 Annual Statements of Compliance.
(a) The Master Servicer, the Securities Administrator, the Servicing Administrator and each Servicer shall deliver or otherwise make available (and the Master Servicer, the Securities Administrator, the Servicing Administrator and each Servicer shall cause any Additional Servicer engaged by it to deliver or otherwise make available) to the Depositor, the Trustee and the Securities Administrator on or before March 1 of each year, commencing in March 2013, an Officer’s Certificate (an “Item 1123 Certificate”) stating, as to the signer thereof, that (A) a review of such party’s activities during the preceding calendar year or portion thereof and of such party’s performance under this Agreement, or such other applicable agreement in the case of an Additional Servicer, has been made under such officer’s supervision and (B) to the best of such officer’s knowledge, based on such review, such party has fulfilled all its obligations under this Agreement, the Servicing Agreement or such other applicable agreement in the case of an Additional Servicer, in all material respects throughout such year or portion thereof, or, if there has been a failure to fulfill any such obligation in any material respect, specifying each such failure known to such officer and the nature and status thereof. Promptly after receipt of each such Item 1123 Certificate, the Depositor shall review such Item 1123 Certificate and, if applicable, consult with each such party, as applicable, as to the nature of any failures by such party, in the fulfillment of any of such party’s obligations hereunder or, in the case of an Additional Servicer, under such other applicable agreement.
(b) In the event the Master Servicer, the Securities Administrator or any Additional Servicer engaged by any such party is terminated or resigns pursuant to the terms of this Agreement, or any applicable agreement in the case of an Additional Servicer, as the case may be, such party shall provide an Item 1123 Certificate pursuant to this Section 6.22 or as required under such other applicable agreement, as the case may be, notwithstanding any such termination, assignment or resignation.
(c) The Master Servicer shall enforce any obligation of any Servicer and the Servicing Administrator, to the extent set forth in the related Servicing Agreement, to deliver to the Depositor an Item 1123 Certificate.
Section 6.23 Annual Assessments of Compliance.
(a) On or before March 1 of each calendar year, commencing in March 2013, the Master Servicer, the Servicing Administrator, the Securities Administrator and each Servicer, each at its own
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expense, shall furnish or otherwise make available, and each such party shall cause any Servicing Function Participant engaged by it to furnish or otherwise make available, each at its own expense, to the Securities Administrator, the Trustee and the Depositor, a report on an assessment of compliance with the Relevant Servicing Criteria (an “Assessment of Compliance”) that contains (A) a statement by such party of its responsibility for assessing compliance with the Relevant Servicing Criteria, (B) a statement that such party used the Relevant Servicing Criteria to assess compliance with the Relevant Servicing Criteria, (C) such party’s Assessment of Compliance with the Relevant Servicing Criteria as of and for the fiscal year covered by the Form 10-K required to be filed pursuant to Section 6.21(b), including, if there has been any material instance of noncompliance with the Relevant Servicing Criteria, a discussion of each such failure and the nature and status thereof, and (D) a statement that a registered public accounting firm has issued an Accountant’s Attestation on such party’s Assessment of Compliance with the Relevant Servicing Criteria as of and for such period.
(b) No later than the end of each fiscal year for the Trust Fund for which a 10-K is required to be filed, each Servicer, the Servicing Administrator and the Master Servicer shall each forward to the Securities Administrator the name of each Servicing Function Participant engaged by it and what Relevant Servicing Criteria will be addressed in the Assessment of Compliance prepared by such Servicing Function Participant (provided, however, that the Master Servicer need not provide such information to the Securities Administrator so long as the Master Servicer and the Securities Administrator are the same Person). When the Master Servicer, each Servicer and the Servicing Administrator (or any Servicing Function Participant engaged by them) submit their Assessments of Compliance to the Securities Administrator, such parties will also at such time include the Assessments of Compliance (and Accountant’s Attestation), pursuant to Sections 6.23 and 6.24, of each Servicing Function Participant engaged by it.
(c) Promptly after receipt of each Assessment of Compliance, (i) the Depositor shall review each such report and, if applicable, consult with the Master Servicer, the Servicing Administrator, the Securities Administrator, a Servicer, the Custodian and any Servicing Function Participant engaged by such parties as to the nature of any material instance of noncompliance with the Relevant Servicing Criteria by each such party, and (ii) the Securities Administrator shall confirm that the Assessments of Compliance, taken individually, address the Relevant Servicing Criteria for each party as set forth on Exhibit K or the applicable exhibit to each Servicing Agreement in respect of each Servicer and the Servicing Administrator and notify the Depositor of any exceptions.
(d) In the event the Master Servicer, the Securities Administrator or any Servicing Function Participant engaged by any such party is terminated, assigns its rights and obligations under or resigns pursuant to, the terms of this Agreement, or any other applicable agreement, as the case may be, such party shall provide an Assessment of Compliance pursuant to this Section 6.23, or to such other applicable agreement, notwithstanding any termination, assignment or resignation.
(e) The Master Servicer shall enforce any obligation of the Servicers, the Servicing Administrator and the Custodian, to the extent set forth in the related Servicing Agreement or the Custodial Agreement, as applicable, to deliver to the Master Servicer an Assessment of Compliance within the time frame set forth in, and in such form and substance as may be required pursuant to, the related Servicing Agreement or the Custodial Agreement, as applicable. The Master Servicer shall include all Assessments of Compliance received by it from the Servicers, the Servicing Administrator and the Custodian with its own Assessment of Compliance to be submitted to the Securities Administrator pursuant to this Section.
(f) The obligations of each party to provide assessments of compliance and attestations under this Section 6.23 and Section 6.24 shall terminate upon the filing of a Form 15 suspension notice on behalf of the Trust Fund, but shall become effective after such a filing if the Trust Fund is required to continue to file reports under the Exchange Act as contemplated in Section 6.21(d)(i).
Section 6.24 Accountant’s Attestation.
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(a) On or before March 1 of each calendar year, commencing in 2013, the Master Servicer, the Servicing Administrator, the Securities Administrator and each Servicer, each at its own expense, shall cause, and each such party shall cause any Servicing Function Participant engaged by it to cause, each at its own expense, a registered public accounting firm (which may also render other services to the Master Servicer, the Servicing Administrator, the Securities Administrator, a Servicer or such other Servicing Function Participants, as the case may be) and that is a member of the American Institute of Certified Public Accountants to furnish a report (the “Accountant’s Attestation”) to the Securities Administrator and to the Depositor, to the effect that (i) it has obtained a representation regarding certain matters from the management of such party, which includes an assertion that such party has complied with the Relevant Servicing Criteria, and (ii) on the basis of an examination conducted by such firm in accordance with standards for attestation engagements issued or adopted by the PCAOB, it is expressing an opinion as to whether such party’s compliance with the Relevant Servicing Criteria was fairly stated in all material respects, or it cannot express an overall opinion regarding such party’s Assessment of Compliance with the Relevant Servicing Criteria. In the event that an overall opinion cannot be expressed, such registered public accounting firm shall state in such report why it was unable to express such an opinion. Such report must be available for general use and not contain restricted use language.
(b) Promptly after receipt of each Accountant’s Attestation from the Master Servicer, each Servicer, the Servicing Administrator, the Securities Administrator, the Custodian or any Servicing Function Participant engaged by such parties, (i) the Depositor shall review such reports and, if applicable, consult with such parties as to the nature of any defaults by such parties, in the fulfillment of any of each such party’s obligations hereunder or under any other applicable agreement, and (ii) the Securities Administrator shall confirm that each Assessment of Compliance is coupled with an Accountant’s Attestation meeting the requirements of this Section and notify the Depositor of any exceptions.
(c) The Master Servicer shall include each Accountant’s Attestation furnished to it by the Servicers, the Servicing Administrator and the Custodian with its own Accountant’s Attestation to be submitted to the Securities Administrator pursuant to this Section.
(d) In the event the Master Servicer, the Servicing Administrator, the Securities Administrator, the Custodian, any Servicer or any Servicing Function Participant engaged by any such party, is terminated, assigns its rights and duties under, or resigns pursuant to the terms of, this Agreement, the Custody Agreement or a Servicing Agreement, as the case may be, such party shall at its own expense cause a registered public accounting firm to provide an Accountant’s Attestation pursuant to this Section 6.24, or other applicable agreement, notwithstanding any such termination, assignment or resignation.
(e) The Master Servicer shall enforce any obligation of the Servicers, the Servicing Administrator and the Custodian, to the extent set forth in the related Servicing Agreement and the Custodial Agreement, as applicable, to deliver to the Master Servicer an Assessment of Compliance within the timeframe set forth in, and in such form and substance as may be required pursuant to, the related Servicing Agreement or the Custodial Agreement, as applicable.
Section 6.25 Intention of the Parties and Interpretation; Indemnification.
Each of the parties acknowledges and agrees that the purpose of Sections 6.21, 6.22, 6.23 and 6.24 of this Agreement is to facilitate compliance by the Depositor with the provisions of Regulation AB promulgated by the Commission under the Exchange Act (17 C.F.R. §§ 229.1100 - 229.1123), as such may be amended from time to time and subject to such clarification and interpretive advice as may be issued by the staff of the Commission from time to time. Therefore, each of the parties agrees that (a) the obligations of the parties hereunder shall be interpreted in such a manner as to accomplish that purpose, (b) the parties’ obligations hereunder will be supplemented and modified as necessary to be consistent with any such amendments, interpretive advice or guidance, convention or consensus among active participants in the asset-backed securities markets, advice of counsel, or otherwise in respect of the requirements of
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Regulation AB, (c) each party shall comply with the reasonable requests made by the Depositor for delivery of such additional or different information as the Depositor may determine in good faith is necessary to comply with the provisions of Regulation AB, which information is available to such party without unreasonable effort or expense and within such timeframe as may be reasonably requested, and (d) no amendment of this Agreement shall be required to effect any such changes in the parties’ obligations as are necessary to accommodate evolving interpretations of the provisions of Regulation AB.
Each of the Master Servicer, the Securities Administrator, the Custodian and any Servicing Function Participant engaged by any such party shall indemnify and hold harmless the Depositor and its Affiliates and each of their directors, officers, employees, agents, and affiliates from and against any and all claims, losses, damages, penalties, fines, forfeitures, reasonable legal fees and related costs, judgments and other costs and expenses arising out of or based upon (a) any breach by such party of any of its obligations hereunder, including particularly its obligations to provide any Statement of Compliance, Assessment of Compliance or Accountant’s Attestation required under Sections 6.22, 6.23 and 6.24, respectively, or any information, data or materials required to be included in any Exchange Act report or (b) any material misstatement or material omission in any Statement of Compliance, Assessment of Compliance, Accountant’s Attestation delivered by it or by any Servicing Function Participation engaged by it pursuant to this Agreement or any Additional Form 10-D Disclosure, Additional Form 10-K Disclosure or Form 8-K Disclosure concerning such party. If the indemnification provided for herein is unavailable or insufficient to hold harmless the Depositor or its Affiliates, as the case may be, then each such party agrees that it shall contribute to the amount paid or payable by the Depositor and its Affiliates, as applicable, as a result of any claims, losses, damages or liabilities incurred by such party, in such proportion as is appropriate to reflect the relative fault of the indemnified party on the one hand and the indemnifying party on the other. This indemnification shall survive the termination of this Agreement or the termination of any party to this Agreement.
ARTICLE VII
PURCHASE OF MORTGAGE LOANS AND TERMINATION OF THE TRUST FUND
Section 7.01 Purchase of Mortgage Loans; Termination of Trust Fund Upon Purchase or Liquidation of All Mortgage Loans.
(a) The respective obligations and responsibilities of the Trustee, the Securities Administrator and the Master Servicer created hereby (other than the obligation of the Securities Administrator to make payments to the Certificateholders as set forth in Section 7.02), shall terminate on the earliest of (i) the final payment or other liquidation of the last Mortgage Loan remaining in the Trust Fund and the disposition of all REO Property, (ii) the distribution of proceeds in connection with the exercise of the Clean-up Call and (iii) the Distribution Date immediately following the Latest Possible Maturity Date; provided, however, that in no event shall the Trust Fund created hereby continue beyond the expiration of 21 years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James’s, living on the date hereof. Any termination of the Trust Fund shall be carried out in such a manner so that the termination of each REMIC included therein shall qualify as a “qualified liquidation” under the REMIC Provisions.
(b) In connection with an exercise of the Clean-up Call, the Trustee, at the direction of the Securities Administrator, shall cause each REMIC to adopt a plan of complete liquidation by complying with the provisions of Section 7.03.
(c) The Depositor, the Master Servicer, each Servicer, the Servicing Administrator, the Securities Administrator and the Custodian shall be reimbursed from the Clean-up Call Price for any Advances, Servicing Advances, accrued and unpaid Servicing Fees and Master Servicing Fees or other amounts with respect to the related Mortgage Loans that are reimbursable to such parties under this
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Agreement, the related Servicing Agreement or the Custodial Agreement prior to distributions to any Certificateholder.
(d) On any date on which the Aggregate Stated Principal Balance is less than ten percent (10%) of the Aggregate Stated Principal Balance as of the Cut-off Date, the Master Servicer may terminate the Trust Fund by purchasing all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan for the Clean-up Call Price. The Master Servicer shall provide to the Securities Administrator not less than thirty (30) days prior written notice of its intent to exercise its purchase and termination right under this Section 7.01(d) and comply with the requirements of this Article VII to effect a “qualified liquidation” under the REMIC Provisions. The Depositor, the Securities Administrator and the Trustee hereby consent to any such exercise.
Section 7.02 Procedure Upon Redemption and Termination of Trust Fund.
(a) If on any Determination Date the Master Servicer determines that there are no outstanding Mortgage Loans, and no other funds or assets in the Trust Fund other than the funds in the Distribution Account, the Master Servicer shall direct the Securities Administrator promptly to send a final distribution notice to each Certificateholder. Such notice shall specify (A) the Distribution Date upon which final distribution on the Certificates of all amounts required to be distributed to Certificateholders pursuant to Section 5.02 will be made upon presentation and surrender of the Certificates at the Certificate Registrar’s Corporate Trust Office, and (B) that the Record Date otherwise applicable to such Distribution Date is not applicable, distribution being made only upon presentation and surrender of the Certificates at the office or agency of the Certificate Registrar therein specified. The Securities Administrator shall give such notice to the Trustee, the Master Servicer and the Certificate Registrar at the time such notice is given to Holders of the Certificates. Upon any such termination, the duties of the Certificate Registrar with respect to the Certificates shall terminate.
Upon termination of the Trust Fund, the Securities Administrator shall terminate, or request the Master Servicer to terminate, the Distribution Account and any other account or fund maintained with respect to the Certificates, subject to the Securities Administrator’s obligation hereunder to hold all amounts payable to Certificateholders in trust without interest pending such payment.
(b) In the event that all of the Holders do not surrender their Certificates for cancellation within three months after the time specified in the termination notice, the Securities Administrator shall give a second written notice to the remaining Certificateholders to surrender their Certificates for cancellation and receive the final distribution with respect thereto. If within one year after the second notice any Certificates shall not have been surrendered for cancellation, the Securities Administrator may take appropriate steps to contact the remaining Certificateholders concerning surrender of such Certificates, and the cost thereof shall be paid out of the amounts distributable to such Holders. If within two years after the second notice any Certificates shall not have been surrendered for cancellation, the Securities Administrator shall, subject to applicable state law relating to escheatment, hold all amounts distributable to such Holders for the benefit of such Holders. No interest shall accrue on any amount held by the Securities Administrator and not distributed to a Certificateholder due to such Certificateholder’s failure to surrender its Certificate(s) for payment of the final distribution thereon in accordance with this Section.
(c) Any reasonable expenses incurred by the Securities Administrator or the Trustee in connection with any redemption or termination or liquidation of the Trust Fund shall be reimbursed from proceeds received from the liquidation of the Trust Fund.
Section 7.03 Additional Trust Fund Termination Requirements.
(a) Any termination of the Trust Fund in connection with the Clean-up Call or involving any other sale of assets of the Trust Fund prior to the final payment or other liquidation of the last Mortgage Loan remaining in the Trust Fund shall be effected in accordance with the following additional
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requirements, unless the Securities Administrator and the Trustee receive an Opinion of Counsel (at the expense of the party exercising any right of termination), addressed to the Securities Administrator and the Trustee to the effect that the failure of the Trust Fund to comply with the requirements of this Section 7.03 will not result in an Adverse REMIC Event:
(i) Within 89 days prior to the time of the making of the final payment on the Certificates, upon notification that a party intends to exercise its option to cause the termination of the Trust Fund, the Trustee, at the direction of the Securities Administrator, shall adopt a plan of complete liquidation of the Trust Fund on behalf of each REMIC, meeting the requirements of a qualified liquidation under the REMIC Provisions, in the form prepared and provided by the party exercising its termination right in connection with a Clean-up Call or by the Depositor in connection with any other termination of the Trust Fund;
(ii) Any sale of the Mortgage Loans upon the exercise of a Clean-up Call shall be a sale for cash and shall occur at or after the time of adoption of such a plan of complete liquidation and prior to the time of making of the final payment on or credit to the Certificates, and upon the closing of such a sale, the Trustee shall deliver or cause the Custodian to deliver the Mortgage Loans to the purchaser thereof as instructed by the party exercising the Clean-up Call;
(iii) On the date specified for final payment of the Certificates, the Securities Administrator shall make final distributions of principal and interest on the Certificates in accordance with Section 5.02 and, after payment of, or provision for payment of any outstanding expenses, distribute or credit, or cause to be distributed or credited, to the Holders of the Residual Certificates all cash on hand after such final payment (other than cash retained to meet claims), and the Trust Fund (and each REMIC) shall terminate at that time; and
(iv) In no event may the final payment on or credit to the Certificates or the final distribution or credit to the Holders of the Residual Certificates be made after the 89th day from the date on which the plan of complete liquidation is adopted.
(b) By its acceptance of a Residual Certificate, each Holder thereof hereby agrees to accept the plan of complete liquidation adopted by the Trustee at the direction of the Securities Administrator under this Section and to take such other action in connection therewith as may be reasonably requested by the Securities Administrator or any Servicer.
ARTICLE VIII
RIGHTS OF CERTIFICATEHOLDERS
Section 8.01 Limitation on Rights of Holders.
(a) The death or incapacity of any Certificateholder shall not operate to terminate this Agreement or the Trust Fund, nor entitle such Certificateholder’s legal representatives or heirs to claim an accounting or take any action or proceeding in any court for a partition or winding up of this Trust Fund, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them. Except as otherwise expressly provided herein, no Certificateholder, solely by virtue of its status as a Certificateholder, shall have any right to vote or in any manner otherwise control the Trustee, the Master Servicer or the operation and management of the Trust Fund, or the obligations of the parties hereto, nor shall anything herein set forth, or contained in the terms of the Certificates, be construed so as to constitute the Certificateholders from time to time as partners or members of an association, nor shall any Certificateholder be under any liability to any third person by reason of any action taken by the parties to this Agreement pursuant to any provision hereof.
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(b) No Certificateholder, solely by virtue of its status as Certificateholder, shall have any right by virtue of or by availing itself of any provision of this Agreement to institute any suit, action or proceeding in equity or at law upon or under or with respect to this Agreement, unless such Holder previously shall have given to the Trustee a written notice of an Event of Default and of the continuance thereof, as hereinbefore provided, and unless, except as otherwise specified herein, the Holders of Certificates evidencing not less than 25% of the Class Principal Amount or Class Notional Amount (or Percentage Interest) of Certificates of each Class affected thereby shall have made written request upon the Trustee to institute such action, suit or proceeding in its own name as Trustee hereunder and shall have offered to the Trustee such reasonable indemnity as it may require against the cost, expenses and liabilities to be incurred therein or thereby, and the Trustee, for sixty days after its receipt of such notice, request and offer of indemnity, shall have neglected or refused to institute any such action, suit or proceeding and no direction inconsistent with such written request has been given such Trustee during such sixty-day period by such Certificateholders; it being understood and intended, and being expressly covenanted by each Certificateholder with every other Certificateholder, the Securities Administrator and the Trustee, that no one or more Holders of Certificates shall have any right in any manner whatever by virtue of or by availing itself of any provision of this Agreement to affect, disturb or prejudice the rights of the Holders of any other of such Certificates, or to obtain or seek to obtain priority over or preference to any other such Holder, or to enforce any right under this Agreement, except in the manner herein provided and for the benefit of all Certificateholders. For the protection and enforcement of the provisions of this Section, each and every Certificateholder and the Trustee shall be entitled to such relief as can be given either at law or in equity.
Section 8.02 Access to List of Holders.
(a) If the Trustee is not acting as Certificate Registrar, the Certificate Registrar will furnish or cause to be furnished to the Trustee, within fifteen days after receipt by the Certificate Registrar of a request by the Trustee in writing, a list, in such form as the Trustee may reasonably require, of the names and addresses of the Certificateholders of each Class as of the most recent Record Date.
(b) If three or more Holders or Certificate Owners (hereinafter referred to as “Applicants”) apply in writing to the Certificate Registrar, and such application states that the Applicants desire to communicate with other Holders with respect to their rights under this Agreement or under the Certificates and is accompanied by a copy of the communication which such Applicants propose to transmit, then the Certificate Registrar shall, within five Business Days after the receipt of such application, afford such Applicants reasonable access during the normal business hours of the Certificate Registrar to the most recent list of Certificateholders held by the Certificate Registrar or shall, as an alternative, send, at the Applicants’ expense, the written communication proffered by the Applicants to all Certificateholders at their addresses as they appear in the Certificate Register.
(c) Every Holder or Certificate Owner, if the Holder is a Clearing Agency, by receiving and holding a Certificate, agrees with the Depositor, the Master Servicer, the Securities Administrator, the Certificate Registrar and the Trustee that neither the Depositor, Master Servicer, the Securities Administrator, the Certificate Registrar nor the Trustee shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Certificateholders hereunder, regardless of the source from which such information was derived.
Section 8.03 Acts of Holders of Certificates.
(a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Agreement to be given or taken by Holders or Certificate Owners, if the Holder is a Clearing Agency, may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and the Securities Administrator and, where expressly required herein, to the Master Servicer. Such instrument or instruments (as the action embodies therein and evidenced thereby)
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are herein sometimes referred to as an “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agents shall be sufficient for any purpose of this Agreement and conclusive in favor of the Trustee, the Securities Administrator and the Master Servicer, if made in the manner provided in this Section. Each of the Trustee, the Securities Administrator and the Master Servicer shall promptly notify the others of receipt of any such instrument by it, and shall promptly forward a copy of such instrument to the others.
(b) The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by the certificate of any notary public or other officer authorized by law to take acknowledgments or deeds, certifying that the individual signing such instrument or writing acknowledged to him the execution thereof. Whenever such execution is by an officer of a corporation or a member of a partnership on behalf of such corporation or partnership, such certificate or affidavit shall also constitute sufficient proof of his authority. The fact and date of the execution of any such instrument or writing, or the authority of the individual executing the same, may also be proved in any other manner which the Trustee or the Securities Administrator deems sufficient.
(c) The ownership of Certificates (whether or not such Certificates shall be overdue and notwithstanding any notation of ownership or other writing thereon made by anyone other than the Trustee) shall be proved by the Certificate Register, and none of the Trustee, the Securities Administrator, the Master Servicer or the Depositor shall be affected by any notice to the contrary.
(d) Any request, demand, authorization, direction, notice, consent, waiver or other action by the Holder of any Certificate shall bind every future Holder of the same Certificate and the Holder of every Certificate issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, in respect of anything done, omitted or suffered to be done by the Trustee, the Securities Administrator or the Master Servicer in reliance thereon, whether or not notation of such action is made upon such Certificate.
ARTICLE IX
ADMINISTRATION AND SERVICING OF MORTGAGE LOANS BY THE MASTER SERVICER
Section 9.01 Duties of the Master Servicer; Enforcement of Servicer’s and Master Servicer’s Obligations.
(a) The Master Servicer, on behalf of the Trustee and the Certificateholders shall, from and after the Closing Date, monitor the performance of the Servicers and the Servicing Administrator under the Servicing Agreements. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with Accepted Master Servicing Practices. Furthermore, the Master Servicer shall consult with each Servicer and the Servicing Administrator as necessary from time to time to carry out the Master Servicer’s obligations hereunder, shall receive and review all reports, information and other data provided to the Master Servicer by each Servicer and shall enforce the obligation of each Servicer and the Servicing Administrator duly and punctually to perform and observe the covenants, duties, obligations and conditions to be performed or observed by such Servicer or the Servicing Administrator under the related Servicing Agreement. The Master Servicer shall independently and separately monitor each Servicer’s servicing activities and the activities of the Servicing Administrator with respect to each related Mortgage Loan in respect of the provisions of the applicable Servicing Agreement, reconcile the reports and other data provided to the Master Servicer pursuant to the previous sentence on a monthly basis based on the Mortgage Loan data provided to the Master Servicer by or on behalf of the Depositor on the Closing Date (upon which data the Master Servicer shall be entitled to rely and with respect to which the Master Servicer shall have no obligation to confirm or verify) and coordinate corrective adjustments to the records of each Servicer and the Master Servicer, and based on such reconciled and corrected information, the Master Servicer shall provide such information to the Securities Administrator as shall be necessary in order for it to prepare the statements specified in Section 4.02, and prepare any other information and statements required to be forwarded by the Master Servicer hereunder. The Master Servicer shall reconcile the results
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of its Mortgage Loan monitoring with the actual remittances of each Servicer to the Distribution Account pursuant to the related Servicing Agreement. The Master Servicer shall, in accordance with each Servicing Agreement, oversee matters relating to the servicing of defaulted Mortgage Loans, including approving certain Mortgage Loan modifications, reviewing environmental reports related to foreclosed Mortgage Properties to determine whether to proceed with a foreclosure, approving certain actions relating to the management of REO Property and approving the release of the original borrower of a Mortgage Loan in connection with Mortgage Loan assumptions. The Master Servicer shall not approve any modification of a Mortgage Loan to extend the maturity date of such Mortgage Loan past the Latest Possible Maturity Date of the Certificates. In its review of the activities of any Servicer and the Servicing Administrator, the Master Servicer may rely upon an Officer’s Certificate of such Servicer or the Servicing Administrator (or similar document signed by an officer of such Servicer or the Servicing Administrator), and such Servicer’s or the Servicing Administrator’s Assessment of Compliance and related Accountant’s Attestation or other accountants’ report provided to the Master Servicer pursuant to the related Servicing Agreement, with regard to such Servicer’s or the Servicing Administrator’s compliance with the terms of its Servicing Agreement. Subject to Section 9.08, the Master Servicer shall not be responsible or liable for the day-to-day servicing activities of any Servicer or for any unlawful act or omission, breach, negligence, fraud, willful misconduct or bad faith of any Servicer.
Upon the occurrence of an event that, unless cured, would constitute grounds for termination of a Servicer under the related Servicing Agreement, the Master Servicer shall promptly notify the Trustee and the Depositor thereof, and shall specify in such notice the action, if any, the Master Servicer is taking in respect of such default. So long as any such event of default shall be continuing, the Master Servicer may, and shall, if it determines such action to be in the best interests of Certificateholders, (i) terminate all of the rights and powers of such Servicer pursuant to the applicable provisions of the Servicing Agreement; (ii) exercise any rights it may have to enforce the Servicing Agreement against such Servicer; and/or (iii) waive any such default under the Servicing Agreement or take any other action with respect to such default as is permitted thereunder. Notwithstanding the immediately preceding sentence, if the event of default is the failure of a Servicer or the Servicing Administrator to remit any payment required to be made under the terms of the applicable Servicing Agreement, and such failure continues unremedied for the duration of the applicable grace period, then the Master Servicer shall terminate all of the rights and powers of such Servicer or the Servicing Administrator pursuant to the applicable provisions of the related Servicing Agreement, unless any waiver described under Section 6.16 shall have been obtained; provided that, upon the occurrence of such an event of default by the Servicing Administrator, the Master Servicer may, at its option, terminate all of the rights and powers of Cenlar FSB pursuant to the Cenlar FSB Servicing Agreement unless such a waiver has been obtained.
(b) Upon any termination by the Master Servicer of the rights and powers of a Servicer or the Servicing Administrator pursuant to the related Servicing Agreement, the rights and powers of the Servicer or the Servicing Administrator with respect to the related Mortgage Loans shall vest in the Master Servicer and the Master Servicer shall be the successor in all respects to such Servicer or the Servicing Administrator in its capacity as Servicer or Servicing Administrator with respect to such Mortgage Loans under the related Servicing Agreement, unless or until the Master Servicer shall have appointed, with the consent of the Trustee, such consent not to be unreasonably withheld, a successor to the Servicer or the Servicing Administrator; provided that, with respect to the appointment of a successor servicer, in accordance with the applicable provisions of the related Servicing Agreement, such successor servicer shall be a Fannie Mae- or Freddie Mac-approved Person that is a member in good standing of MERS; provided, further, that no Trustee consent shall be required if the successor servicer or successor servicing administrator is a Person that was a Servicer on the Closing Date; provided, further, that it is understood and agreed by the parties hereto that there will be a period of transition (not to exceed 90 days) before the actual servicing functions can be fully transferred to a successor servicer or a successor servicing administrator (including the Master Servicer). Upon appointment of a successor servicer or successor servicing administrator, as authorized under this Section 9.01(b), unless the successor servicer or successor servicing administrator shall have assumed the obligations of the terminated Servicer or the terminated Servicing Administrator, as applicable, under such Servicing Agreement, the Master Servicer, the Trustee and such successor servicer shall enter into a servicing agreement in a form substantially similar to the affected Servicing Agreement or into an agreement with such successor servicing administrator in a form
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mutually agreed upon by the parties thereto. In connection with any such appointment, the Master Servicer may make such arrangements for the compensation of such successor servicer or successor servicing administrator as it and such successor shall agree. The Master Servicer in its sole discretion shall have the right to agree to compensation of a successor servicer in excess of that permitted to a Servicer under the Servicing Agreements if such increase is, in its good faith and judgment, necessary or advisable to engage a successor servicer. Notwithstanding anything herein to the contrary, in no event shall the Master Servicer be liable for any Servicing Fee or for any differential between the amount of the Servicing Fee paid to the original servicer and the amount necessary to induce any successor servicer to act as successor servicer hereunder. To the extent the successor servicer assumes the obligations of the terminated Servicer under the applicable Servicing Agreement, the Master Servicer may amend such Servicing Agreement to effect such change to the Servicing Fee without the consent of the Certificateholders.
The Master Servicer shall pay the costs of such enforcement (including the termination of any Servicer or the Servicing Administrator, the appointment of a successor servicer or successor servicing administrator or the transfer and assumption of the servicing or the servicing administration by the Master Servicer) at its own expense and shall be reimbursed therefor initially (i) by the terminated Servicer or terminated Servicing Administrator, as applicable, (ii) from a general recovery resulting from such enforcement only to the extent, if any, that such recovery exceeds all amounts due in respect of the related Mortgage Loans, (iii) from a specific recovery of costs, expenses or attorney’s fees against the party against whom such enforcement is directed, or (iv) to the extent that such amounts described in (i)-(iii) above are not received by the Master Servicer within 30 days of the Master Servicer's request for reimbursement therefor, from the Trust Fund, as provided in Section 9.04. To the extent the Master Servicer recovers amounts described in (i)-(iii) above subsequent to its reimbursement from the Trust Fund pursuant to (iv) above, then the Master Servicer promptly will reimburse such amounts to the Trust Fund.
If the Master Servicer assumes the servicing or servicing administration with respect to any of the Mortgage Loans, it will not assume liability for the representations and warranties of any Servicer or the Servicing Administrator being replaced or for the errors or omissions of such Servicer or the Servicing Administrator.
(c) Upon any termination of the rights and powers of any Servicer or the Servicing Administrator pursuant to the applicable Servicing Agreement, the Master Servicer shall promptly notify the Trustee, the Securities Administrator and each Rating Agency through the Rule 17g-5 Information Provider, specifying in such notice that the Master Servicer or any successor servicer or successor servicing administrator, as the case may be, has succeeded the Servicer or the Servicing Administrator, as applicable, under the related Servicing Agreement, which notice shall also specify the name and address of any such successor servicer or successor servicing administrator .
Section 9.02 Assumption of Master Servicing by Trustee.
(a) In the event the Master Servicer shall for any reason no longer be the Master Servicer (including by reason of any Event of Default under this Agreement), the Trustee shall thereupon, in accordance with the terms of Section 6.14 hereof, assume all of the rights and obligations of such Master Servicer hereunder and under each Servicing Agreement entered into with respect to the Mortgage Loans or shall appoint as successor master servicer a Fannie-Mae or Freddie Mac-approved servicer that is acceptable to the Depositor and each Rating Agency. The Trustee, its designee or any successor master servicer appointed by the Trustee shall be deemed to have assumed all of the replaced Master Servicer’s interest herein and, with respect to each Servicing Agreement, shall be deemed to have assumed all of the replaced Master Servicer's interest therein to the same extent as if such Servicing Agreement had been assigned to the assuming party; provided that the replaced Master Servicer shall not thereby be relieved of any liability or obligations of such replaced Master Servicer under such Servicing Agreement accruing prior to its replacement as Master Servicer, and shall be liable to the Trustee or any successor master servicer therefor, and hereby agrees to indemnify and hold harmless the Trustee or any successor master servicer from and against all costs, damages, expenses and liabilities (including reasonable attorneys’ fees) incurred by the Trustee or any successor master servicer as a result of such liability or obligations of the replaced Master Servicer and in connection with the Trustee’s or such successor master servicer’s
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assumption (but not its performance, except to the extent that costs or liability of the Trustee or any successor master servicer are created or increased as a result of negligent or wrongful acts or omissions of the replaced Master Servicer prior to its replacement as Master Servicer) of the Master Servicer’s obligations, duties or responsibilities thereunder.
(b) The replaced Master Servicer shall, upon request of the Trustee but at the expense of such replaced Master Servicer, deliver to the assuming party all documents and records relating to each Servicing Agreement and the related Mortgage Loans and an accounting of amounts collected and held by it, and otherwise use its best efforts to effect the orderly and efficient transfer of each Servicing Agreement to the assuming party.
Section 9.03 Representations, Warranties and Covenants of the Master Servicer.
(a) The Master Servicer hereby represents and warrants to the Depositor, the Securities Administrator (to the extent that the Master Servicer and the Securities Administrator are not the same Person) and the Trustee, for the benefit of the Certificateholders, as of the Closing Date that:
(i) it is validly existing and in good standing under the laws of the United States of America as a national banking association, and as Master Servicer has full power and authority to transact any and all business contemplated by this Agreement and to execute, deliver and comply with its obligations under the terms of this Agreement, the execution, delivery and performance of which have been duly authorized by all necessary corporate action on the part of the Master Servicer;
(ii) the execution and delivery of this Agreement by the Master Servicer and its performance and compliance with the terms of this Agreement will not (A) violate the Master Servicer’s charter or bylaws, (B) violate any law or regulation or any administrative decree or order to which it is subject or (C) constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in the breach of, any material contract, agreement or other instrument to which the Master Servicer is a party or by which it is bound or to which any of its assets are subject, which violation, default or breach would materially and adversely affect the Master Servicer’s ability to perform its obligations under this Agreement;
(iii) this Agreement constitutes, assuming due authorization, execution and delivery hereof by the other respective parties hereto, a legal, valid and binding obligation of the Master Servicer, enforceable against it in accordance with the terms hereof, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium and other laws affecting the enforcement of creditors’ rights in general, and by general equity principles (regardless of whether such enforcement is considered in a proceeding in equity or at law);
(iv) the Master Servicer is not in default with respect to any order or decree of any court or any order or regulation of any federal, state, municipal or governmental agency to the extent that any such default would materially and adversely affect its performance hereunder;
(v) the Master Servicer is not a party to or bound by any agreement or instrument or subject to any charter provision, bylaw or any other corporate restriction or any judgment, order, writ, injunction, decree, law or regulation that may materially and adversely affect its ability as Master Servicer to perform its obligations under this Agreement or that requires the consent of any third person to the execution of this Agreement or the performance by the Master Servicer of its obligations under this Agreement;
(vi) no litigation is pending or, to the best of the Master Servicer’s knowledge, threatened against the Master Servicer which would prohibit its entering into this Agreement or performing its obligations under this Agreement;
(vii) the Master Servicer, or an affiliate thereof the primary business of which is the servicing of conventional residential mortgage loans, is a Fannie Mae- or Freddie Mac-approved seller/servicer;
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(viii) no consent, approval, authorization or order of any court or governmental agency or body is required for the execution, delivery and performance by the Master Servicer of or compliance by the Master Servicer with this Agreement or the consummation of the transactions contemplated by this Agreement, except such consents, approvals, authorizations and orders (if any) as have been obtained; and
(ix) the consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the Master Servicer.
(b) It is understood and agreed that the representations and warranties set forth in this Section shall survive the execution and delivery of this Agreement. In addition to any indemnity required pursuant to Section 6.25 hereof, the Master Servicer shall indemnify the Depositor, the Securities Administrator (to the extent that the Master Servicer and the Securities Administrator are not the same Person) and the Trustee and hold them harmless against any loss, damages, penalties, fines, forfeitures, legal fees and related costs, judgments, and other costs and expenses resulting from any claim, demand, defense or assertion based on or grounded upon, or resulting from, a material breach of the Master Servicer’s representations and warranties contained in Section 9.03(a) or any failure by the Master Servicer to deliver any information, report, certification, accountants’ letter or other material when and as required under this Agreement. It is understood and agreed that the enforcement of the obligation of the Master Servicer set forth in this Section to indemnify the Depositor, the Securities Administrator and the Trustee as provided in this Section 9.03(b) constitutes the sole remedy (other than as set forth in Section 6.14) of the Depositor, the Securities Administrator and the Trustee, respecting a breach of the foregoing representations and warranties. Such indemnification shall survive any termination of the Master Servicer as Master Servicer hereunder, and any termination of this Agreement.
Any cause of action against the Master Servicer relating to or arising out of the breach of any representations and warranties made in this Section 9.03(b) shall accrue upon discovery of such breach by either the Depositor, the Master Servicer or the Trustee or written notice thereof by any one of such parties to the other parties.
The Master Servicer shall not be responsible for the validity, priority, perfection or sufficiency of the security of the Certificates issued or intended to be issued hereunder.
(c) The Master Servicer covenants and agrees that it shall not hold or purchase any Certificate if its holding or purchase of such Certificate (or interest therein) would cause the Master Servicer to be required to consolidate any assets of the Trust Fund on its financial statements under U.S. generally accepted accounting principles (“Consolidate” or “Consolidation”). The Master Servicer shall be deemed to have represented by virtue of its purchase or holding of such Certificate (or interest therein) that its holding or purchase of such Certificate (or interest therein) will not cause the Master Servicer to be required to Consolidate any assets of the Trust on its financial statements.
If the Master Servicer's holding or purchase of a Certificate (or interest therein) does in fact cause such Consolidation, then the last preceding transferee that is not required to Consolidate shall be restored, to the extent permitted by law, to all rights and obligations as owner of such Certificate retroactive to the date of such transfer of such Certificate. If the Master Servicer holds or purchases a Certificate (or interest therein) in violation of the restrictions in this Section 9.03(c) and to the extent that the retroactive restoration of the rights of the owner of such Certificate as described in the immediately preceding sentence shall be invalid, illegal or unenforceable, then the Securities Administrator shall have the right, without notice to the owner or any prior owner of such Certificate, to sell such Certificate to a purchaser selected by the Securities Administrator on such terms as the Securities Administrator may choose. The Master Servicer shall promptly endorse and deliver such Certificate in accordance with the instructions of the Securities Administrator. The proceeds of such sale, net of the commissions (which may include commissions payable to the Securities Administrator or its affiliates), expenses and taxes due, if any, shall be remitted by the Securities Administrator to the Master Servicer. The terms and conditions of any sale under this Section 9.03(c) shall be determined in the sole discretion of the Securities Administrator, and the Securities Administrator shall not be liable to any owner of a Certificate as a result of its exercise of such discretion. The Master Servicer shall indemnify and hold harmless the Depositor and the Trust Fund from
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and against any and all losses, liabilities, claims, costs or expenses incurred by such parties as a result of such holding or purchase by the Master Servicer resulting in a Consolidation.
(d) The Master Servicer covenants and agrees that it shall not transfer its master servicing rights and duties under this Agreement to an insured depository institution, as such term is defined in the Federal Deposit Insurance Act (an “insured depository institution”, and any such insured depository institution in such capacity, a “master servicer transferee”) unless the Master Servicer shall have received a representation from the master servicer transferee that the acquisition of such master servicing rights and duties will not cause the master servicer transferee to be required to Consolidate any assets of the Trust Fund on its financial statements. Any master servicer transferee shall be deemed to have represented by virtue of its acquisition of such master servicing rights and duties that such acquisition will not cause Consolidation. Any master servicer transferee whose acquisition of such master servicing rights and duties was effected in violation of the restrictions in this Section 9.03(d) shall indemnify and hold harmless the Master Servicer, the Depositor and the Trust Fund from and against any and all losses, liabilities, claims, costs or expenses incurred by such parties as a result of such acquisition.
Section 9.04 Compensation to the Master Servicer.
The Master Servicer shall be entitled to be paid from the Trust Fund, and shall either retain or withdraw from the Distribution Account, (i) its Master Servicing Fee with respect to each Distribution Date, (ii) all amounts necessary to reimburse itself for any previously unreimbursed Advances, Servicer Advances and Nonrecoverable Advances in accordance with the definition of “Available Distribution Amount” and (iii) in accordance with the second paragraph of Section 9.01(b), the cost of any enforcement action taken by it under Section 9.01 hereof, including, without limitation, any costs incurred in connection with the termination of a Servicer or the Servicing Administrator, the appointment of a successor servicer or successor servicing administrator or the transfer and assumption of the servicing or servicing administration by the Master Servicer. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefor except as provided in this Agreement.
In addition, the Depositor agrees, except as otherwise expressly provided herein, to reimburse the Master Servicer, upon its request, for all reasonable expenses, disbursements and advances incurred or made by the Master Servicer in connection with the performance of its duties hereunder (including the reasonable compensation and the expenses and disbursements of its agents and counsel), to the extent not otherwise reimbursed pursuant to this Agreement, except any such expense, disbursement or advance as may be attributable to its willful misfeasance, bad faith or negligence.
Section 9.05 Merger or Consolidation.
Any Person into which the Master Servicer may be merged or consolidated, or any Person resulting from any merger, conversion, other change in form or consolidation to which the Master Servicer shall be a party, or any Person succeeding to the business of the Master Servicer, shall be the successor to the Master Servicer hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, however, that the successor or resulting Person to the Master Servicer or any Affiliate thereof whose primary business is the servicing of conventional residential mortgage loans shall be a Person that shall be qualified and approved to service mortgage loans for Fannie Mae or Freddie Mac and shall have a net worth of not less than $15,000,000.
Section 9.06 Resignation of Master Servicer.
Except as otherwise provided in Sections 9.05 and 9.07 hereof, the Master Servicer shall not resign from the obligations and duties hereby imposed on it unless the Master Servicer’s duties hereunder are no longer permissible under applicable law or are in material conflict by reason of applicable law with any other activities carried on by it and such conflict cannot be cured. Any such determination permitting the resignation of the Master Servicer shall be evidenced by an Opinion of Counsel that shall be
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Independent to such effect delivered to the Trustee. No such resignation shall become effective until the Trustee shall have assumed, or a successor master servicer shall have been appointed by the Trustee and until such successor shall have assumed, the Master Servicer’s responsibilities and obligations under this Agreement. Notice of such resignation shall be given promptly by the Master Servicer and the Depositor to the Trustee.
If, at any time, the Master Servicer resigns under this Section 9.06, or transfers or assigns its rights and obligations under Section 9.07, or is removed as Master Servicer pursuant to Section 6.14, then at such time Wells Fargo Bank, N.A. also shall resign (and shall be entitled to resign) as Securities Administrator, Paying Agent, Authenticating Agent and Certificate Registrar under this Agreement. In such event, the obligations of each such party shall be assumed by the Trustee or such successor master servicer appointed by the Trustee (subject to the provisions of Section 9.02(a)).
Section 9.07 Assignment or Delegation of Duties by the Master Servicer.
Except as expressly provided herein, the Master Servicer shall not assign or transfer any of its rights, benefits or privileges hereunder to any other Person, or delegate to or subcontract with, or authorize or appoint any other Person to perform any of the duties, covenants or obligations to be performed by the Master Servicer hereunder; provided, however, that the Master Servicer shall have the right with the prior written consent of the Trustee and the Depositor (which consent shall not be unreasonably withheld), to delegate or assign to or subcontract with or authorize or appoint any qualified Person to perform and carry out any duties, covenants or obligations to be performed and carried out by the Master Servicer hereunder. Notice of such permitted assignment shall be given promptly by the Master Servicer to the Depositor and the Trustee. If, pursuant to any provision hereof, the duties of the Master Servicer are transferred to a successor master servicer, the entire amount of the Master Servicing Fee and other compensation payable to the Master Servicer pursuant hereto shall thereafter be payable to such successor master servicer. Such successor master servicer shall also pay the fees of the Trustee and the Securities Administrator, as provided herein, and of the Custodian, as provided in the Custodial Agreement.
Section 9.08 Limitation on Liability of the Master Servicer and Others.
Neither the Master Servicer nor any of the directors, officers, employees or agents of the Master Servicer shall be under any liability to the Trustee or the Certificateholders for any action taken or for refraining from the taking of any action in good faith pursuant to this Agreement, or for errors in judgment; provided, however, that this provision shall not protect the Master Servicer or any such person against any liability that would otherwise be imposed by reason of willful misfeasance, bad faith or negligence in its performance of its duties or by reason of reckless disregard for its obligations and duties under this Agreement. The Master Servicer and any director, officer, employee or agent of the Master Servicer may rely in good faith on any document of any kind prima facie properly executed and submitted by any Person respecting any matters arising hereunder. The Master Servicer shall be under no obligation to appear in, prosecute or defend any legal action that is not incidental to its duties to master service the Mortgage Loans in accordance with this Agreement and that in its opinion may involve it in any expenses or liability; provided, however, that the Master Servicer may in its sole discretion undertake any such action that it may deem necessary or desirable in respect of this Agreement and the rights and duties of the parties hereto and the interests of the Certificateholders hereunder. In such event, the legal expenses and costs of such action and any liability resulting therefrom shall be expenses, costs and liabilities of the Trust Fund and the Master Servicer shall be entitled to be reimbursed therefor out of the Distribution Account.
The Master Servicer shall not be liable for any acts or omissions of any Servicer except to the extent that damages or expenses are incurred as a result of such act or omissions and such damages and expenses would not have been incurred but for the negligence, willful misfeasance, bad faith or recklessness of the Master Servicer in supervising, monitoring and overseeing the obligations of the Servicers under this Agreement.
Section 9.09 Indemnification; Third-Party Claims.
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In addition to any indemnity required pursuant to Section 6.25 hereof, the Master Servicer agrees to indemnify the Depositor, the Securities Administrator (to the extent that the Master Servicer and the Securities Administrator are not the same Person) and the Trustee, and hold them harmless against any and all claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments, and any other costs, liability, fees and expenses that the Depositor, the Securities Administrator or the Trustee may sustain as a result of the Master Servicer’s willful misfeasance, bad faith or negligence in the performance of its duties hereunder or by reason of its reckless disregard for its obligations and duties under this Agreement. The Depositor, the Securities Administrator (to the extent that the Master Servicer and the Securities Administrator are not the same Person) and the Trustee shall immediately notify the Master Servicer if a claim is made by a third party with respect to this Agreement or the Mortgage Loans entitling the Depositor, the Securities Administrator (to the extent that the Master Servicer and the Securities Administrator are not the same Person) or the Trustee to indemnification under this Section 9.09, whereupon the Master Servicer shall assume the defense of any such claim and pay all expenses in connection therewith, including counsel fees, and promptly pay, discharge and satisfy any judgment or decree which may be entered against it or them in respect of such claim.
Section 9.10 Master Servicer Fidelity Bond and Master Servicer Errors and Omissions Insurance Policy.
The Master Servicer, at its expense, shall maintain in effect a blanket fidelity bond and an errors and omissions insurance policy, affording coverage with respect to all directors, officers, employees and other Persons acting on such Master Servicer’s behalf, and covering errors and omissions in the performance of the Master Servicer’s obligations hereunder. The errors and omissions insurance policy and the fidelity bond shall be in such form and amount generally acceptable for entities serving as master servicers or trustees.
ARTICLE X
REMIC ADMINISTRATION
Section 10.01 REMIC Administration.
(a) REMIC elections as set forth in the Preliminary Statement to this Agreement shall be made by the Trustee at the direction of the Securities Administrator on Forms 1066 or other appropriate federal tax or information return for the taxable year ending on the last day of the calendar year in which the Certificates are issued. The regular interests and residual interest in each REMIC shall be as designated in the Preliminary Statement to this Agreement.
(b) The Closing Date is hereby designated as the “Startup Day” of each REMIC within the meaning of section 86OG(a)(9) of the Code. The “latest possible maturity date” for each REMIC for purposes of Treasury Regulation 1.86OG-1(a)(4) will be the Latest Possible Maturity Date.
(c) The Securities Administrator shall represent the Trust Fund in any administrative or judicial proceeding relating to an examination or audit by any governmental taxing authority with respect thereto. The Securities Administrator shall pay any and all tax-related expenses (not including taxes) of each REMIC, including but not limited to any professional fees or expenses related to audits or any administrative or judicial proceedings with respect to such REMIC that involve the Internal Revenue Service or state tax authorities, but only to the extent that (i) such expenses are ordinary or routine expenses, including expenses of a routine audit but not expenses of litigation (except as described in (ii)); or (ii) such expenses or liabilities (including taxes and penalties) are attributable to the negligence or willful misconduct of the Securities Administrator in fulfilling its duties hereunder (including its duties as tax return preparer). The Securities Administrator shall be entitled to reimbursement of expenses to the extent provided in clause (i) above from the Distribution Account; provided, however, the Securities
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Administrator shall not be entitled to reimbursement for expenses incurred in connection with the preparation of tax returns and other reports required under Section 6.20 and this Section.
(d) The Securities Administrator shall prepare and file, and the Trustee shall sign, as instructed by the Securities Administrator, all of each REMIC’s federal and appropriate state tax and information returns as such REMIC’s direct representative. The expenses of preparing and filing such returns shall be borne by the Securities Administrator. In preparing such returns, the Securities Administrator shall, with respect to each REMIC created hereunder other than the Upper-Tier REMIC (each such REMIC, a “Non-Upper-Tier REMIC”): (i) treat the accrual period for interests in such Non-Upper-Tier REMIC as the calendar month; (ii) account for distributions made from such Non-Upper-Tier REMIC as made on the first day of each succeeding calendar month; (iii) use the aggregation method provided in Treasury Regulation section 1.1275-2(c); and (iv) account for income and expenses related to such Non-Upper-Tier REMIC in the manner resulting in the lowest amount of excess inclusion income possible accruing to the Holder of the residual interest in such Non-Upper-Tier REMIC.
(e) The Securities Administrator or its designee shall perform on behalf of each REMIC all reporting and other tax compliance duties that are the responsibility of such REMIC under the Code, the REMIC Provisions, or other compliance guidance issued by the Internal Revenue Service or any state or local taxing authority. Among its other duties, if required by the Code, the REMIC Provisions, or other such guidance, the Securities Administrator shall provide (i) to the Treasury or other governmental authority such information as is necessary for the application of any tax relating to the transfer of a Residual Certificate to any disqualified person or organization pursuant to Treasury Regulation 1.860E-2(a)(5) and any person designated in Section 860E(e)(3) of the Code and (ii) to the Trustee such information as is necessary for the Trustee to provide to the Certificateholders such information or reports as are required by the Code or REMIC Provisions.
(f) The Trustee, the Securities Administrator, the Master Servicer and the Holders of Certificates shall, to the extent within their knowledge and control, take such actions as may be necessary to maintain the status of each REMIC as a REMIC under the REMIC Provisions and shall assist each other as necessary to maintain such status. None of the Trustee, the Securities Administrator, the Master Servicer or the Holder of any Residual Certificate shall knowingly take any action, cause any REMIC to take any action or fail to take (or fail to cause to be taken) any action that, under the REMIC Provisions, if taken or not taken, as the case may be, could result in an Adverse REMIC Event unless the Trustee, the Securities Administrator and the Master Servicer have received an Opinion of Counsel (at the expense of the party seeking to take such action or not to take such action) to the effect that the contemplated action (or inaction, as the case may be) will not cause an Adverse REMIC Event. In addition, prior to taking any action with respect to any REMIC or the assets therein, or causing any REMIC to take any action, which is not expressly permitted under the terms of this Agreement, any Holder of a Residual Certificate will consult with the Trustee, the Securities Administrator, the Master Servicer or their respective designees, in writing, with respect to whether such action could cause an Adverse REMIC Event to occur with respect to any REMIC, and no such Person shall take any such action or cause any REMIC to take any such action as to which the Trustee, the Securities Administrator or the Master Servicer has advised it in writing that an Adverse REMIC Event could occur; provided, however, that if no Adverse REMIC Event would occur but such action could result in the imposition of additional taxes on the Residual Certificateholders, no such Person shall take any such action, or cause any REMIC to take any such action without the written consent of the other Residual Certificateholders. The Trustee, the Securities Administrator and the Master Servicer may consult with counsel (and conclusively rely upon the advice of such counsel) to make such written advice, and the cost of the same shall be borne by the party seeking to take the action not expressly permitted by this Agreement, but in no event shall such cost be an expense of the Trustee, Securities Administrator or the Master Servicer.
(g) Each Holder of a Residual Certificate shall pay when due any and all taxes imposed on the related REMIC by federal or state governmental authorities. To the extent that such taxes are not paid by a Residual Certificateholder, the Securities Administrator or the Paying Agent shall pay any remaining REMIC taxes out of current or future amounts otherwise distributable to the Holder of the Residual
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Certificate in any such REMIC or, if no such amounts are available, out of other amounts held in the Distribution Account, and shall reduce amounts otherwise payable to holders of regular interests in any such REMIC, as the case may be.
(h) The Securities Administrator shall, for federal income tax purposes, maintain books and records with respect to each REMIC on a calendar year and on an accrual basis.
(i) No additional contributions of assets shall be made to any REMIC, except as expressly provided in this Agreement.
(j) None of the Trustee, the Securities Administrator nor the Master Servicer shall enter into any arrangement by which any REMIC will receive a fee or other compensation for services.
(k) The Holder (or, if there is more than one such Holder, the Holder with the largest Percentage Interest) of the Class LT-R Certificate is hereby designated as “tax matters person” with respect to the Lower-Tier REMIC and the Holder of the Class R Certificate (or, if there is more than one such Holder, the Holder with the largest Percentage Interest) is hereby designated as “tax matters person” with respect to the Upper-Tier REMIC and each such Holder shall be deemed by the acceptance of its Certificate to have appointed the Securities Administrator to act as its agent to perform the duties of the “tax matters person” for each such REMIC.
Section 10.02 Prohibited Transactions and Activities.
None of the Depositor, the Master Servicer or the Trustee shall sell, dispose of, or substitute for any of the Mortgage Loans, except in a disposition pursuant to (i) the foreclosure of a Mortgage Loan, (ii) the bankruptcy of the Trust Fund, (iii) the termination of each REMIC pursuant to Article VII of this Agreement, (iv) a repurchase of Mortgage Loans pursuant to Article II of this Agreement or (v) a sale of a Mortgage Loan to a governmental entity acquiring such Mortgage Loan through the exercise of its power of eminent domain pursuant to Section 2.08 of this Agreement, nor acquire any assets for any REMIC, nor sell or dispose of any investments in the Distribution Account for gain, nor accept any contributions to any REMIC after the Closing Date, unless it has received an Opinion of Counsel (at the expense of the party causing such sale, disposition, or substitution) that such disposition, acquisition, substitution, or acceptance will not (a) result in an Adverse REMIC Event, (b) adversely affect the distribution of interest or principal on the Certificates or (c) result in the encumbrance of the assets transferred or assigned to the Trust Fund (except pursuant to the provisions of this Agreement).
Section 10.03 Indemnification With Respect to Prohibited Transactions or Loss of REMIC Status.
Upon the occurrence of an Adverse REMIC Event due to the negligent performance by either the Securities Administrator or the Master Servicer of its duties and obligations set forth herein, the Securities Administrator or the Master Servicer, as applicable, shall indemnify the Certificateholders of the related Residual Certificate against any and all losses, claims, damages, liabilities or expenses (“Losses”) resulting from such negligence; provided, however, that neither the Securities Administrator nor the Master Servicer shall be liable for any such Losses attributable to the action or inaction of the Depositor, the Trustee or the Holder of the Residual Certificate, nor for any such Losses resulting from misinformation provided by any of the foregoing parties on which the Securities Administrator or the Master Servicer, as applicable, has relied. Notwithstanding the foregoing, however, in no event shall the Securities Administrator or the Master Servicer have any liability (1) for any action or omission that is taken in accordance with and in compliance with the express terms of, or which is expressly permitted by the terms of, this Agreement or under any Servicing Agreement, (2) for any Losses other than arising out of malfeasance, willful misconduct or negligent performance by the Securities Administrator or the Master Servicer, as applicable, of its duties and obligations set forth herein, and (3) for any special or consequential damages to
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Certificateholders of the related Residual Certificate (in addition to payment of principal and interest on the Certificates).
Section 10.04 REO Property.
(a) Notwithstanding any other provision of this Agreement, the Master Servicer, acting on behalf of the Trustee hereunder, shall not, except to the extent provided in the applicable Servicing Agreement, knowingly permit any Servicer to rent, lease, or otherwise earn income on behalf of any REMIC with respect to any REO Property which might cause an Adverse REMIC Event unless the applicable Servicer has provided to the Trustee and the Securities Administrator an Opinion of Counsel concluding that, under the REMIC Provisions, such action would not result in an Adverse REMIC Event.
(b) The Depositor shall cause the applicable Servicer (to the extent provided in the related Servicing Agreement) to make reasonable efforts to sell any REO Property for its fair market value. In any event, however, the Depositor shall, or shall cause the applicable Servicer (to the extent provided in the related Servicing Agreement) to, dispose of any REO Property within three years of its acquisition by the Trust Fund unless the Depositor or the applicable Servicer (on behalf of the Trust Fund) has received an extension from the Internal Revenue Service to the effect that, under the REMIC Provisions and any relevant proposed legislation and under applicable state law, the REMIC may hold REO Property for a longer period without causing an Adverse REMIC Event. If such an extension has been received, then the Depositor, acting on behalf of the Trustee hereunder, shall, or shall cause the applicable Servicer to, continue to attempt to sell the REO Property for its fair market value for such period longer than three years as such extension permits (the “Extended Period”). If such an extension has not been received and the Depositor or the applicable Servicer, acting on behalf of the Trust Fund hereunder, is unable to sell the REO Property within 33 months after its acquisition by the Trust Fund, or if such an extension has been received and the Depositor or the applicable Servicer is unable to sell the REO Property within the period ending three months before the close of the Extended Period, the Depositor shall cause the applicable Servicer, before the end of the three year period or the Extended Period, as applicable, to (i) purchase such REO Property at a price equal to the REO Property’s fair market value or (ii) auction the REO Property to the highest bidder (which may be the applicable Servicer) in an auction reasonably designed to produce a fair price prior to the expiration of the three-year period or the Extended Period, as the case may be.
ARTICLE XI
MISCELLANEOUS PROVISIONS
Section 11.01 Binding Nature of Agreement; Assignment.
This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.
Section 11.02 Entire Agreement.
This Agreement contains the entire agreement and understanding among the parties hereto with respect to the subject matter hereof, and supersedes all prior and contemporaneous agreements, understandings, inducements and conditions, express or implied, oral or written, of any nature whatsoever with respect to the subject matter hereof. The express terms hereof control and supersede any course of performance and/or usage of the trade inconsistent with any of the terms hereof.
Section 11.03 Amendment.
(a) This Agreement may be amended from time to time by written agreement between the Depositor, the Master Servicer, the Securities Administrator and the Trustee, without notice to or the
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consent of any of the Holders, (i) to cure any ambiguity or mistake, (ii) to cause the provisions herein to conform to or be consistent with or in furtherance of the statements made with respect to the Certificates, the Trust Fund or this Agreement in the Prospectus, or to correct or supplement any provision herein which may be inconsistent with any other provisions herein or with the provisions of any Servicing Agreement, (iii) to make any other provisions with respect to matters or questions arising under this Agreement, (iv) to add, delete, or amend any provisions to the extent necessary or desirable to comply with any requirements imposed by the Code and the REMIC Provisions, (v) if necessary in order to avoid a violation of any applicable law or regulation or (vi) if a TIA Applicability Determination has been made, to modify, eliminate or add to the provisions of this Agreement to the extent necessary to (A) effect the qualification of this Agreement under the TIA or under any similar federal statute and to add any other provisions as may be expressly required by the TIA, and (B) modify other provisions of this Agreement to the extent necessary to make such provisions consistent with, and conform to, the modifications made pursuant to clause (A); provided that, with respect to clause (vi), the parties hereto are deemed to have agreed, to the extent permitted under the TIA, that this Agreement expressly excludes any non-mandatory provisions under the TIA that (x) would conflict with the provisions of this Agreement or (y) increase the obligations, liabilities or scope of responsibility of any party hereto. No such amendment effected pursuant to the preceding sentence shall, as evidenced by an Opinion of Counsel, result in an Adverse REMIC Event, nor shall such amendment effected pursuant to clause (iii) of such sentence adversely affect in any material respect the interests of any Holder. Prior to entering into any amendment without the consent of Holders pursuant to this paragraph, the Trustee shall be provided with an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that such amendment is permitted under this Agreement and, with respect to an amendment effected pursuant to clause (v) above, to the effect that such amendment is necessary in order to avoid a violation of such applicable law.
(b) This Agreement may also be amended from time to time by the Depositor, the Master Servicer, the Securities Administrator and the Trustee, with the consent of the Holders of not less than 66-2/3% of the Class Principal Amount or Class Notional Amount (or Percentage Interest) of each Class of Certificates affected thereby for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or of modifying in any manner the rights of the Holders; provided, however, that no such amendment shall be made unless the Trustee and the Securities Administrator receive an Opinion of Counsel, at the expense of the party requesting the change, that such change will not cause an Adverse REMIC Event; and provided further, that no such amendment may (i) reduce in any manner the amount of, or delay the timing of, payments received on Mortgage Loans which are required to be distributed on any Certificate, without the consent of the Holder of such Certificate or (ii) reduce the aforesaid percentages of Class Principal Amount or Class Notional Amount (or Percentage Interest) of Certificates of each Class, the Holders of which are required to consent to any such amendment without the consent of the Holders of 100% of the Class Principal Amount or Class Notional Amount (or Percentage Interest) of each Class of Certificates affected thereby. For purposes of this paragraph, references to “Holder” or “Holders” shall be deemed to include, in the case of any Class of Book-Entry Certificates, the related Certificate Owners.
(c) Promptly after the execution of any such amendment, the Trustee shall furnish written notification of the substance of such amendment to each Holder, the Depositor and each Rating Agency through the Rule 17g-5 Information Provider. The Securities Administrator and the Certificate Registrar shall cooperate with the Trustee in connection with the Trustee's obligations under this Section 11.03.
(d) It shall not be necessary for the consent of Holders under this Section 11.03 to approve the particular form of any proposed amendment, but it shall be sufficient if such consent shall approve the substance thereof. The manner of obtaining such consents and of evidencing the authorization of the execution thereof by Holders shall be subject to such reasonable regulations as the Trustee may prescribe.
(e) Notwithstanding anything to the contrary in any Servicing Agreement, the Trustee shall not consent to any amendment of any Servicing Agreement except pursuant to the standards provided in this Section with respect to amendment of this Agreement. In addition, none of the Trustee, the Master Servicer, the Securities Administrator or the Depositor shall consent to any amendment to any Servicing
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Agreement unless prior written notice of the substance of such amendment has been delivered to each Rating Agency through the Rule 17g-5 Information Provider.
(f) Prior to the execution of any amendment to this Agreement, each of the Trustee and the Securities Administrator shall be entitled to receive and conclusively rely on an Opinion of Counsel (at the expense of the Person seeking such amendment) stating that the execution of such amendment is authorized and permitted by this Agreement. The Trustee and the Securities Administrator may, but shall not be obligated to, enter into any such amendment which affects the Trustee’s or the Securities Administrator’s own rights, duties or immunities under this Agreement.
Section 11.04 Voting Rights.
Except to the extent that the consent of all affected Certificateholders is required pursuant to this Agreement, with respect to any provision of this Agreement requiring the consent of Certificateholders representing specified percentages of aggregate outstanding Certificate Principal Amount or Class Notional Amount (or Percentage Interest), Certificates owned by the Depositor, the Master Servicer, the Securities Administrator, the Trustee, any Servicer or any Affiliate thereof are not to be counted so long as such Certificates are owned by the Depositor, the Master Servicer, the Securities Administrator, the Trustee, any Servicer or any Affiliate thereof.
Section 11.05 Provision of Information.
(a) For so long as any of the Certificates of any Class are “restricted securities” within the meaning of Rule 144(a)(3) under the Securities Act, each of the Depositor, the Master Servicer, the Securities Administrator and the Trustee agree to cooperate with each other to provide to any Certificateholders and to any prospective purchaser of Certificates designated by such holder, upon the request of such holder or prospective purchaser, any information required to be provided to such holder or prospective purchaser to satisfy the condition set forth in Rule 144A(d)(4) under the Securities Act. Any reasonable, out-of-pocket expenses incurred by the Trustee, the Master Servicer or the Securities Administrator in providing such information shall be reimbursed by the Depositor.
(b) The Securities Administrator shall provide to any person to whom a Prospectus was delivered, upon the written request of such person specifying the document or documents requested, (i) a copy (excluding exhibits) of any report on Form 8-K, Form 10-D or Form 10-K (or other prescribed form) filed with the Securities and Exchange Commission pursuant to Section 6.21 and (ii) a copy of any other document incorporated by reference in the Prospectus. Any reasonable out-of-pocket expenses incurred by the Securities Administrator in providing copies of such documents shall be reimbursed by the Depositor.
(c) On each Distribution Date, the Securities Administrator shall deliver or cause to be delivered by first class mail or make available on its website to the Depositor, Attention: Contract Finance, a copy of the report delivered to Certificateholders pursuant to Section 4.02.
Section 11.06 Governing Law.
THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAWS PROVISIONS (OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW), AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.
Section 11.07 Notices.
(a) All demands, notices and communications required to be delivered to the Depositor, the Seller, the Trustee, the Master Servicer, the Securities Administrator or the Certificate Registrar hereunder
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shall be in writing and shall be deemed to have been duly given if (i) personally delivered, (ii) mailed by registered mail, postage prepaid, (iii) delivered by overnight courier, or (iv) transmitted via email, telegraph or facsimile, in each instance at the address listed below, or such other address as may hereafter be furnished by any party to the other parties in writing:
For posting by the Rule 17g-5 Information Provider:
rmbs17g5informationprovider@wellsfargo.com
In the case of the Depositor:
Sequoia Residential Funding, Inc.
One Belvedere Place, Suite 330
Mill Valley, CA 94941
Facsimile number (415) 381-1773
Electronic mail address: Sequoia.Notices@redwoodtrust.com
Attention: Sequoia Mortgage Trust 2012-5
In the case of the Seller:
Redwood Residential Acquisition Corporation
One Belvedere Place, Suite 330
Mill Valley, CA 94941
Facsimile number (415) 381-1773
Electronic mail address: Sequoia.Notices@redwoodtrust.com
Attention: Sequoia Mortgage Trust 2012-5
In the case of the Master Servicer and the Securities Administrator:
Wells Fargo Bank, N.A.
P.O. Box 98
Columbia, Maryland 21046
(or, for overnight deliveries:
9062 Old Annapolis Road
Columbia, Maryland 21045)
Telephone number: (410) 884-2000
Facsimile number: (410) 715-2380
Attention: Client Manager — Sequoia Mortgage Trust 2012-5
In the case of the Certificate Registrar:
Wells Fargo Bank, N.A.
Sixth Street and Marquette Avenue
Minneapolis, Minnesota 55479
Facsimile number: 1-866-614-1273
Electronic mail address: g=cts-spg-team-a-5@wellsfargo.com
Attention: Corporate Trust Services — Sequoia Mortgage Trust 2012-5
In the case of the Trustee:
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Christiana Trust, a division of Wilmington Savings Fund Society, FSB
500 Delaware Avenue, 11th Floor
Wilmington, DE 19801
Attention: Corporate Trust — Sequoia Mortgage Trust 2012-5
Any such demand, notice or communication shall be deemed to have been received on the date delivered to the premises of the addressee and (A) if delivered by registered mail, overnight courier, or facsimile, as evidenced by the date noted on a return or confirmation of receipt and (B) if delivered by electronic mail, when sent to the address specified above, provided no error or rejection message has been received by the sender.
(b) Notices to any Certificateholder shall be deemed to be duly given by any party hereto (i) in the case of any holder of a Definitive Certificate, on the date mailed, first class postage prepaid, to the address of such holder as included on the certificate register, or (ii) in the case of any book-entry certificate, on the date when such notice or communication is delivered to the Clearing Agency, it being understood that the Clearing Agency shall give such notices and communications to the related underlying participants in accordance with its applicable rules, regulations and procedures.
All notices or communications to Certificateholders shall also be posted and made available to all Certificateholders, whether definitive or book-entry, as well as the Depositor, the Master Servicer, the Securities Administrator and the Trustee, by the Securities Administrator on the Securities Administrator website located at www.ctslink.com. Unless otherwise expressly provided for herein, all notices and communications required to be delivered hereunder shall be delivered to such parties and Certificateholders and posted by the Securities Administrator on the Securities Administrator 's website, in each instance, as soon as reasonably practicable.
(c) The Depositor hereby covenants that it shall provide written notice to the Trustee, which written notice may be via electronic mail, once the Servicers have furnished to the Mortgagors, in accordance with the applicable Servicing Agreements, the notices required to be furnished under Section 404 of the Helping Families Save Their Homes Act of 2009, as amended and in effect from time to time.
Section 11.08 Severability of Provisions.
If any one or more of the covenants, agreements, provisions or terms of this Agreement shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way affect the validity or enforceability of the other provisions of this Agreement or of the Certificates or the rights of the Holders thereof.
Section 11.09 Indulgences; No Waivers.
Neither the failure nor any delay on the part of a party to exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of any other right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver shall be effective unless it is in writing and is signed by the party asserted to have granted such waiver.
Section 11.10 Headings Not to Affect Interpretation.
The headings contained in this Agreement are for convenience of reference only, and they shall not be used in the interpretation hereof.
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Section 11.11 Benefits of Agreement.
Nothing in this Agreement or in the Certificates, express or implied, shall give to any Person, other than the parties to this Agreement and their successors hereunder and the Holders of the Certificates, any benefit or any legal or equitable right, power, remedy or claim under this Agreement.
Section 11.12 Special Notices to the Rating Agencies.
(a) The Depositor shall give prompt notice to each Rating Agency through the Rule 17g-5 Information Provider of the occurrence of any of the following events of which it has notice:
(i) any amendment to this Agreement pursuant to Section 11.03, including prior advance written notice of any amendment to this Agreement pursuant to Section 11.03(a);
(ii) any assignment by the Master Servicer of its rights hereunder or delegation of its duties hereunder;
(iii) the occurrence of any Event of Default and any waiver of any Event of Default pursuant to Section 6.14;
(iv) any notice of termination given to the Master Servicer pursuant to Section 6.14 and any resignation of the Master Servicer hereunder;
(v) the termination of any successor to any Master Servicer pursuant to Section 6.14;
(vi) the making of a final payment pursuant to Section 7.01; and
(vii) any termination of the rights and obligations of a Servicer or the Servicing Administrator under any Servicing Agreement and any transfer of servicing or servicing administration under any Servicing Agreement.
(b) All notices to the Rating Agency provided for in this Section shall be in writing and sent first to the Rule 17g-5 Information Provider and then by first class mail, telecopy, electronic mail or overnight courier, as follows:
If to Fitch, to:
Fitch, Inc.
One State Street Plaza, 28th Floor
New York, NY 10004
Attn: SEMT 2012-5
If to KBRA, to:
Kroll Bond Rating Agency, Inc.
599 Lexington Avenue
New York, NY 10022
Electronic Mail: mbssurveillance@krollbondratings.com
Attention: RMBS Surveillance
If to Moody’s, to:
Moody’s Investors Service
7 World Trade Center @ 250 Greenwich St.
New York, NY 10007
Electronic Mail: servicerreports@moodys.com
Attn: Residential Mortgages
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(c) The Securities Administrator shall provide or make available to each Rating Agency through the Rule 17g-5 Information Provider reports prepared pursuant to Section 4.02 and the reports filed on Form 10-K pursuant to Section 6.21(b)(i)(1) through (4). In addition, the Securities Administrator shall, at the expense of the Trust Fund, make available to each Rating Agency through the Rule 17g-5 Information Provider such information as each Rating Agency may reasonably request regarding the Certificates or the Trust Fund, to the extent that such information is reasonably available to the Securities Administrator; provided, the Securities Administrator shall not be required to post to the Rule 17g-5 Website any information previously posted to and available on the Securities Administrator’s website.
Section 11.13 Conflicts.
To the extent that the terms of this Agreement conflict with the terms of any Servicing Agreement, the related Servicing Agreement shall govern.
Section 11.14 Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, and all of which together shall constitute one and the same instrument.
Section 11.15 No Petitions.
The Trustee and the Master Servicer, by entering into this Agreement, and each Certificateholder, by accepting a Certificate, hereby covenant and agree that they shall not at any time institute against the Depositor, or join in any institution against the Depositor of, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to the Certificates, this Agreement or any of the documents entered into by the Depositor in connection with the transactions contemplated by this Agreement.
100 |
IN WITNESS WHEREOF, the parties hereto have caused their names to be signed hereto by their respective officers hereunto duly authorized as of the day and year first above written.
SEQUOIA RESIDENTIAL FUNDING, INC., | ||
as Depositor | ||
By: | ||
Name: | ||
Title: | ||
CHRISTIANA TRUST, a division of | ||
Wilmington Savings Fund Society, FSB, | ||
as Trustee | ||
By: | ||
Name: | ||
Title: | ||
WELLS FARGO BANK, N.A., | ||
as Master Servicer | ||
By: | ||
Name: | ||
Title: | ||
WELLS FARGO BANK, N.A., | ||
as Securities Administrator and Rule 17g-5 Information Provider | ||
By: | ||
Name: | ||
Title: |
Solely for purposes of Section 2.04 and Section 2.06(b) | ||
accepted and agreed to by: | ||
REDWOOD RESIDENTIAL ACQUISITION CORPORATION, | ||
as Seller | ||
By: | ||
Name: | ||
Authorized Signatory | ||
Solely for purposes of Section 2.07 | ||
accepted and agreed to by: | ||
SEQUOIA MORTGAGE FUNDING CORPORATION, | ||
as Controlling Holder | ||
By: | ||
Name: | ||
Authorized Signatory |
EXHIBIT A
FORMS OF CERTIFICATES
THIS CERTIFICATE IS A REMIC REGULAR INTEREST CERTIFICATE. THIS CERTIFICATE DOES NOT EVIDENCE AN OBLIGATION OF, OR AN INTEREST IN, AND IS NOT GUARANTEED BY, THE DEPOSITOR, THE TRUSTEE, THE SECURITIES ADMINISTRATOR, THE MASTER SERVICER OR ANY AFFILIATE OF ANY OF THEM AND IS NOT INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR PRIVATE INSURER.
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL AMOUNT OF THIS CERTIFICATE MAY BE MADE IN INSTALLMENTS AS SET FORTH HEREIN. ACCORDINGLY, THE CERTIFICATE PRINCIPAL AMOUNT OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF.
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.
THE HOLDER AND ANY TRANSFEREE OF THIS CERTIFICATE WILL BE DEEMED TO HAVE REPRESENTED BY VIRTUE OF ITS PURCHASE OR HOLDING OF THIS CERTIFICATE (OR INTEREST THEREIN) THAT EITHER (A) SUCH HOLDER OR TRANSFEREE IS NOT AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN OR ARRANGEMENT SUBJECT TO THE PROHIBITED TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR SECTION 4975 OF THE CODE OR A PERSON (INCLUDING AN INSURANCE COMPANY INVESTING ITS GENERAL ACCOUNT, AN INVESTMENT MANAGER, A NAMED FIDUCIARY OR A TRUSTEE OF ANY SUCH PLAN) WHO IS USING “PLAN ASSETS” OF ANY SUCH PLAN TO EFFECT SUCH ACQUISITION (EACH OF THE FOREGOING, A “PLAN INVESTOR”), (B) IT HAS ACQUIRED AND IS HOLDING THIS CERTIFICATE IN RELIANCE ON U.S. DEPARTMENT OF LABOR PROHIBITED TRANSACTION EXEMPTION (“PTE”) FAN 04-03E, AS AMENDED, (THE “UNDERWRITER EXEMPTION”), AND THAT IT UNDERSTANDS THAT THERE ARE CERTAIN CONDITIONS TO THE AVAILABILITY OF THE UNDERWRITER EXEMPTION INCLUDING THAT THIS CERTIFICATE MUST BE RATED, AT THE TIME OF PURCHASE, NOT LOWER THAN “BBB-” (OR ITS EQUIVALENT) BY STANDARD & POOR’S, FITCH, MOODY’S, DBRS LIMITED OR DBRS, INC. OR (C) (I) THE TRANSFEREE IS AN INSURANCE COMPANY, (II) THE SOURCE OF FUNDS USED TO PURCHASE OR HOLD THIS CERTIFICATE IS AN “INSURANCE COMPANY GENERAL ACCOUNT” (AS DEFINED IN U.S. DEPARTMENT OF LABOR PROHIBITED TRANSACTION CLASS EXEMPTION (“PTCE”) 95-60), AND (III) THE CONDITIONS SET FORTH IN SECTIONS I AND III OF PTCE 95-60 HAVE BEEN SATISFIED (EACH ENTITY THAT SATISFIES THIS CLAUSE (C), A “COMPLYING INSURANCE COMPANY”).
A-1 |
IF THIS CERTIFICATE (OR ANY INTEREST THEREIN) IS ACQUIRED OR HELD BY ANY PERSON THAT DOES NOT SATISFY THE CONDITIONS DESCRIBED IN THE PRECEDING PARAGRAPH, THEN THE LAST PRECEDING TRANSFEREE THAT EITHER (I) IS NOT A PLAN INVESTOR, (II) ACQUIRED SUCH CERTIFICATE IN COMPLIANCE WITH THE UNDERWRITER EXEMPTION, OR (III) IS A COMPLYING INSURANCE COMPANY SHALL BE RESTORED, TO THE EXTENT PERMITTED BY LAW, TO ALL RIGHTS AND OBLIGATIONS AS CERTIFICATE OWNER THEREOF RETROACTIVE TO THE DATE OF SUCH TRANSFER OF THIS CERTIFICATE. THE TRUSTEE SHALL BE UNDER NO LIABILITY TO ANY PERSON FOR MAKING ANY PAYMENTS DUE ON THIS CERTIFICATE TO SUCH PRECEDING TRANSFEREE.
ANY PURPORTED CERTIFICATE OWNER WHOSE ACQUISITION OR HOLDING OF THIS CERTIFICATE (OR INTEREST THEREIN) WAS EFFECTED IN VIOLATION OF THE RESTRICTIONS IN SECTION 3.03 OF THE AGREEMENT SHALL INDEMNIFY AND HOLD HARMLESS THE CERTIFICATE REGISTRAR, THE DEPOSITOR, THE TRUSTEE AND THE TRUST FUND FROM AND AGAINST ANY AND ALL LIABILITIES, CLAIMS, COSTS OR EXPENSES INCURRED BY SUCH PARTIES AS A RESULT OF SUCH ACQUISITION OR HOLDING.
SEQUOIA MORTGAGE TRUST 2012-5
MORTGAGE PASS-THROUGH CERTIFICATES, CLASS A
Evidencing a beneficial interest in a pool of residential mortgage loans and any other assets established by
SEQUOIA RESIDENTIAL FUNDING, INC.
Initial Class Principal | Initial Certificate |
Amount of the Class A | Principal Amount of this |
Certificates: $296,954,000 | Certificates: $296,954,000 |
Certificate Interest Rate: Adjustable | Cut-off Date: October 1, 2012 |
Final Scheduled Distribution | |
Date: November 2042 | |
NUMBER 1 | CUSIP: 81744X AA6 |
A-2 |
THIS CERTIFIES THAT CEDE & CO. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the initial Certificate Principal Amount of this Certificate by the initial Class Principal Amount of all Class A Certificates, both as specified above) in a Trust Fund, the assets of which consist of the Mortgage Loans and all interest and principal received thereon after the Cut-off Date (other than Scheduled Payments due on or prior to the Cut-off Date), the rights of the Seller and the Depositor assigned to the Trustee under each Purchase Agreement, each Servicing Agreement, the Mortgage Loan Purchase and Sale Agreement, the Insurance Policies relating to the Mortgage Loans, all cash, instruments or property held or required to be held in the Custodial Accounts and the Distribution Account and property that secured a Mortgage Loan; and certain other assets, if any, as described in the Pooling and Servicing Agreement (the foregoing assets hereinafter collectively referred to as the “Trust Fund”).
Distributions on this Certificate will be made on the 25th day of each month or, if such day is not a Business Day, then on the succeeding Business Day, commencing in November 2012 (each, a “Distribution Date”), to the Person in whose name this Certificate is registered at the close of business on the last Business Day preceding such Distribution Date (the “Record Date”), in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount, if any, required to be distributed to all Certificates of the Class represented by this Certificate. All sums distributable on this Certificate are payable in the coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts.
Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which shall have the same effect as though fully set forth on the face of this Certificate.
Unless the certificate of authentication hereon has been executed by or on behalf of the Authenticating Agent, whose name appears below by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose.
A-3 |
IN WITNESS WHEREOF, Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee, has caused this Certificate to be duly executed.
CHRISTIANA TRUST, A DIVISION OF WILMINGTON SAVINGS FUND SOCIETY, FSB, | ||
as Trustee | ||
By: | ||
AUTHORIZED SIGNATORY | ||
Dated: |
CERTIFICATE AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Pooling and Servicing Agreement.
WELLS FARGO BANK, N.A., | ||
as Authenticating Agent | ||
By: | ||
AUTHORIZED SIGNATORY | ||
Dated: |
A-4 |
SEQUOIA MORTGAGE TRUST 2012-5
MORTGAGE PASS-THROUGH CERTIFICATE
This Certificate is one of a duly authorized issue of certificates designated as Sequoia Mortgage Trust 2012-5 Mortgage Pass-Through Certificates (the “Certificates”), representing all or part of a beneficial ownership interest in a Trust Fund established pursuant to a Pooling and Servicing Agreement, dated as of October 1, 2012 (the “Pooling and Servicing Agreement”), among Sequoia Residential Funding, Inc., as depositor (the “Depositor”), Wells Fargo Bank, N.A., as master servicer (in such capacity, the “Master Servicer”) and as securities administrator (in such capacity, the “Securities Administrator”) and Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee (the “Trustee”), to which terms, provisions and conditions thereof the Holder of this Certificate by virtue of the acceptance hereof assents, and by which such Holder is bound. Except as otherwise defined herein, all capitalized terms used herein shall have the meanings ascribed to them in the Pooling and Servicing Agreement. The Certificates consist of the following Classes: Class A, Class A-IO, Class B-1, Class B-2, Class B-3, Class B-4, and Class B-5.
On each Distribution Date, the Paying Agent, on behalf of the Trustee, will make distributions from the Distribution Account to the Holders of Certificates according to the terms of the Pooling and Servicing Agreement. All distributions or allocations made with respect to each Class of Certificates on each Distribution Date shall be allocated among the outstanding Certificates of such Class based on the Certificate Principal Amount (or Certificate Notional Amount) of each such Certificate.
Distributions on this Certificate will be made by check mailed to the Holder of record of this Certificate on the immediately preceding Record Date at the address of such Holder as it appears on the Certificate Register or, upon written request made to the Securities Administrator at least five Business Days prior to the related Record Date, by any Certificateholder owning an aggregate initial Certificate Principal Amount (or Certificate Notional Amount) of at least $1,000,000 or, in the case of the Class of A-IO Certificates or any Residual Certificate, a Percentage Interest of 100%, by wire transfer in immediately available funds to an account specified in such request and at the expense of such Certificateholder requesting such wire transfer by deducting a wire transfer fee from the related distribution; provided, however, that the final distribution in respect of any Certificate shall be made only upon presentation and surrender of such Certificate at the Corporate Trust Office (as defined below); provided, further, that the foregoing provisions shall not apply to any Certificate as long as such Certificate remains a Book-Entry Certificate, in which case all payments made shall be made through the Clearing Agency and its Clearing Agency Participants. Notwithstanding such final payment of principal of any of the Certificates, each Residual Certificate will remain outstanding until the termination of the related REMIC or REMICs and the payment in full of all other amounts due with respect to the Residual Certificates and at such time such final payment in retirement of any Residual Certificate will be made only upon presentation and surrender of such Certificate at the Corporate Trust Office.
A-5 |
The Corporate Trust Office with respect to the presentment and surrender of Certificates for the final distribution thereon is the corporate trust office of the Certificate Registrar at Sixth Street and Marquette Avenue, Minneapolis, Minnesota 55479, Attention: Corporate Trust Services — Sequoia Mortgage Trust 2012-5 or at such other address as the Securities Administrator may designate from time to time.
The Pooling and Servicing Agreement may be amended by the Trustee, the Master Servicer, the Securities Administrator, and the Depositor with the consent of the Holders of not less than 66-2/3% of the Class Principal Amount or Class Notional Amount (or Percentage Interest) of each Class of Certificates affected thereby for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders; provided, however, that no such amendment shall be made unless the Trustee and the Securities Administrator receive an Opinion of Counsel, at the expense of the party requesting the change, that such change will not cause an Adverse REMIC Event; and provided further, that no such amendment may (i) reduce in any manner the amount of, or delay the timing of, payments received on Mortgage Loans which are required to be distributed on any Certificate, without the consent of the Holder of such Certificate or (ii) reduce the aforesaid percentages of Class Principal Amount or Class Notional Amount (or Percentage Interest) of Certificates of each Class, the Holders of which are required to consent to any such amendment without the consent of the Holders of 100% of the Class Principal Amount or Class Notional Amount (or Percentage Interest) of each Class of Certificates affected thereby. For purposes of this paragraph, references to “Holder” or “Holders” shall be deemed to include, in the case of any Class of Book-Entry Certificates, the related Certificate Owners. Any consent by the Holder of this Certificate will be conclusive and binding upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not consent is made with respect to such Certificate. The Pooling and Servicing Agreement also permits the amendment thereof in certain limited circumstances without the consent of the Holders.
As provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the Certificate Register upon surrender of this Certificate for registration of transfer at the Corporate Trust Office, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to, the Certificate Registrar duly executed by the Holder thereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class of authorized denominations evidencing the same initial Certificate Principal Amount (or Notional Amount) will be issued to the designated transferee or transferees. As provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, this Certificate is exchangeable for new Certificates of the same Class evidencing the same aggregate initial Certificate Principal Amount (or Notional Amount) as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange, but the Certificate Registrar may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any exchange of Certificates.
A-6 |
The Class A, Class B-1, Class B-2, Class B-3, Class B-4, and Class B-5 Certificates are issuable only in registered form in minimum denominations of $100,000 in initial Certificate Principal Amount in integral multiples of $1 in excess thereof and, in the case of the Class A, Class B-1, Class B-2 and Class B-3 Certificates, will be registered in the name of the nominee of the Clearing Agency, which shall maintain such Certificates through its book-entry facilities and, in the case of the Class B-4 and Class B-5 Certificates, will be maintained in physical form. The Class A-IO Certificates are issuable only as a single Certificate representing the entire Percentage Interest in that class and will be registered in the name of the nominee of the Clearing Agency, which shall maintain such Certificates through its book-entry facilities. The Class R and Class LT-R Certificates will each be issued as a single Certificate representing the entire Percentage Interest in that Class and will be maintained in physical form. The Certificates shall remain outstanding until the final Distribution Date for the Certificates.
On any date on which the Aggregate Stated Principal Balance of the Mortgage Loans has declined to less than 10% of the initial Aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, subject to satisfaction of the conditions described in the Pooling and Servicing Agreement, the Master Servicer may purchase all of the Mortgage Loans from the Trust Fund, thereby causing an early retirement of the Certificates.
In no event will the trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the death of the last survivor of the descendants living at the date of the Pooling and Servicing Agreement of a certain person named in the Pooling and Servicing Agreement.
The Depositor, the Trustee, the Securities Administrator, the Master Servicer, the Certificate Registrar and any agent of any of them may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Trustee, the Securities Administrator, the Master Servicer, the Certificate Registrar or any such agent shall be affected by any notice to the contrary.
As provided in the Pooling and Servicing Agreement, this Certificate and the Pooling and Servicing Agreement shall be construed in accordance with and governed by the laws of the State of New York without regard to the conflict of laws principles applied in the State of New York. In the event of any conflict between the provisions of this Certificate and the Pooling and Servicing Agreement, the Pooling and Servicing Agreement shall be controlling.
A-7 |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s) and assign(s) and transfer(s) unto
(Please print or type name and address, including postal zip code, of assignee and social security number or employer identification number)
the within Certificate stating in the names of the undersigned in the Certificate Register and does hereby irrevocably constitute and appoint
to transfer such Certificate in such Certificate Register.
I [we] further direct the Certificate Registrar to issue a new Certificate of the same Class of like principal to the above-named assignee and deliver such Certificate to the following address:
Dated: | |||
Signature by or on behalf of Assignor | |||
Authorized Officer | Signature Guaranteed | ||
Name of Institution | NOTICE: The signature(s) of this assignment must correspond with the name(s) on the face of this Certificate without alteration or any change whatsoever. The signature must be guaranteed by a participant in the Securities Transfer Agents Medallion Program, the New York Stock Exchange Medallion Signature Program or the Stock Exchanges Medallion Program. Notarized or witnessed signatures are not acceptable as guaranteed signatures. |
A-8 |
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for the information of the Certificate Registrar. Distributions shall be made by wire transfer in immediately available funds to
for the account of |
account number or, if mailed by check, to |
Applicable reports and statements should be mailed to |
This information is provided by |
the assignee named above, or as its agent. |
A-9 |
THIS CERTIFICATE IS A REMIC REGULAR INTEREST CERTIFICATE. THIS CERTIFICATE DOES NOT EVIDENCE AN OBLIGATION OF, OR AN INTEREST IN, AND IS NOT GUARANTEED BY, THE DEPOSITOR, THE TRUSTEE, THE SECURITIES ADMINISTRATOR, THE MASTER SERVICER OR ANY AFFILIATE OF ANY OF THEM AND IS NOT INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR PRIVATE INSURER.
THIS IS AN INTEREST-ONLY CERTIFICATE THAT IS NOT ENTITLED TO ANY DISTRIBUTIONS WITH RESPECT TO PRINCIPAL. THE CERTIFICATE NOTIONAL AMOUNT OF THIS CERTIFICATE WILL BE REDUCED AS SET FORTH HEREIN. ACCORDINGLY, THE CERTIFICATE NOTIONAL AMOUNT OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF.
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.
NO TRANSFER OF THIS CERTIFICATE OR ANY INTEREST THEREIN SHALL BE MADE TO ANY EMPLOYEE BENEFIT PLAN OR OTHER PLAN OR ARRANGEMENT SUBJECT TO THE PROHIBITED TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR SECTION 4975 OF THE CODE, OR ANY PERSON (INCLUDING AN INSURANCE COMPANY INVESTING ITS GENERAL ACCOUNT, AN INVESTMENT MANAGER, A NAMED FIDUCIARY OR A TRUSTEE OF ANY SUCH PLAN) WHO IS USING “PLAN ASSETS” OF ANY SUCH PLAN TO EFFECT SUCH ACQUISITION (EACH OF THE FOREGOING, A “PLAN INVESTOR”) UNLESS THE CERTIFICATE REGISTRAR IS PROVIDED WITH EITHER (I) A CERTIFICATION PURSUANT TO SECTION 3.03(d)(i) OF THE AGREEMENT OR (II) AN OPINION OF COUNSEL ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE CERTIFICATE REGISTRAR TO THE EFFECT THAT THE PURCHASE OR HOLDING OF THIS CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR RESULT IN ANY NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (OR COMPARABLE PROVISIONS OF ANY SUBSEQUENT ENACTMENTS), AND WILL NOT SUBJECT THE CERTIFICATE REGISTRAR, THE TRUSTEE OR THE DEPOSITOR TO ANY OBLIGATION OR LIABILITY (INCLUDING OBLIGATIONS OR LIABILITIES UNDER ERISA OR SECTION 4975 OF THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE AGREEMENT, WHICH OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUST FUND, THE CERTIFICATE REGISTRAR, THE TRUSTEE OR THE DEPOSITOR. EACH INVESTOR IN THIS CERTIFICATE WILL BE DEEMED TO REPRESENT THAT IT IS IN COMPLIANCE WITH THE FOREGOING AND WILL BE FURTHER DEEMED TO REPRESENT, WARRANT AND COVENANT THAT IT WILL NOT SELL, PLEDGE OR OTHERWISE TRANSFER SUCH ERISA-RESTRICTED CERTIFICATE IN VIOLATION OF THE FOREGOING.
A-10 |
ANY PURPORTED CERTIFICATE OWNER WHOSE ACQUISITION OR HOLDING OF THIS CERTIFICATE (OR INTEREST THEREIN) WAS EFFECTED IN VIOLATION OF THE RESTRICTIONS IN SECTION 3.03 OF THE AGREEMENT SHALL INDEMNIFY AND HOLD HARMLESS THE CERTIFICATE REGISTRAR, THE DEPOSITOR, THE TRUSTEE AND THE TRUST FUND FROM AND AGAINST ANY AND ALL LIABILITIES, CLAIMS, COSTS OR EXPENSES INCURRED BY SUCH PARTIES AS A RESULT OF SUCH ACQUISITION OR HOLDING.
SEQUOIA MORTGAGE TRUST 2012-5
MORTGAGE PASS-THROUGH CERTIFICATES, CLASS A-IO
Evidencing a beneficial interest in a pool of residential mortgage loans and any other assets established by
SEQUOIA RESIDENTIAL FUNDING, INC.
Initial Class Notional | Initial Certificate |
Amount of the Class A-IO | Notional Amount of this |
Certificates: $296,954,000 | Certificates: $296,954,000 |
Certificate Interest Rate: Adjustable | Cut-off Date: October 1, 2012 |
Final Scheduled Distribution | |
Date: November 2042 | |
NUMBER 1 | CUSIP: 81744V AB4 |
A-11 |
THIS CERTIFIES THAT CEDE & CO. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the initial Certificate Notional Amount of this Certificate by the initial Class Notional Amount of all Class A-IO Certificates, both as specified above) in a Trust Fund, the assets of which consist of the Mortgage Loans and all interest and principal received thereon after the Cut-off Date (other than Scheduled Payments due on or prior to the Cut-off Date), the rights of the Seller and the Depositor assigned to the Trustee under each Purchase Agreement, each Servicing Agreement, the Mortgage Loan Purchase and Sale Agreement, the Insurance Policies relating to the Mortgage Loans, all cash, instruments or property held or required to be held in the Custodial Accounts and the Distribution Account and property that secured a Mortgage Loan; and certain other assets, if any, as described in the Pooling and Servicing Agreement (the foregoing assets hereinafter collectively referred to as the “Trust Fund”).
Distributions on this Certificate will be made on the 25th day of each month or, if such day is not a Business Day, then on the succeeding Business Day, commencing in November 2012 (each, a “Distribution Date”), to the Person in whose name this Certificate is registered at the close of business on the last Business Day preceding such Distribution Date (the “Record Date”), in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount, if any, required to be distributed to all Certificates of the Class represented by this Certificate. All sums distributable on this Certificate are payable in the coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts.
Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which shall have the same effect as though fully set forth on the face of this Certificate.
Unless the certificate of authentication hereon has been executed by or on behalf of the Authenticating Agent, whose name appears below by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose.
A-12 |
IN WITNESS WHEREOF, Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee, has caused this Certificate to be duly executed.
CHRISTIANA TRUST, A DIVISION OF WILMINGTON SAVINGS FUND, FSB, | ||
as Trustee | ||
By: | ||
AUTHORIZED SIGNATORY | ||
Dated: |
CERTIFICATE AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Pooling and Servicing Agreement.
WELLS FARGO BANK, N.A., | ||
as Authenticating Agent | ||
By: | ||
AUTHORIZED SIGNATORY | ||
Dated: |
A-13 |
SEQUOIA MORTGAGE TRUST 2012-5
MORTGAGE PASS-THROUGH CERTIFICATE
This Certificate is one of a duly authorized issue of certificates designated as Sequoia Mortgage Trust 2012-5 Mortgage Pass-Through Certificates (the “Certificates”), representing all or part of a beneficial ownership interest in a Trust Fund established pursuant to a Pooling and Servicing Agreement, dated as of October 1, 2012 (the “Pooling and Servicing Agreement”), among Sequoia Residential Funding, Inc., as depositor (the “Depositor”), Wells Fargo Bank, N.A., as master servicer (in such capacity, the “Master Servicer”) and as securities administrator (in such capacity, the “Securities Administrator”) and Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee (the “Trustee”), to which terms, provisions and conditions thereof the Holder of this Certificate by virtue of the acceptance hereof assents, and by which such Holder is bound. Except as otherwise defined herein, all capitalized terms used herein shall have the meanings ascribed to them in the Pooling and Servicing Agreement. The Certificates consist of the following Classes: Class A, Class A-IO, Class B-1, Class B-2, Class B-3, Class B-4, and Class B-5.
On each Distribution Date, the Paying Agent, on behalf of the Trustee, will make distributions from the Distribution Account to the Holders of Certificates according to the terms of the Pooling and Servicing Agreement. All distributions or allocations made with respect to each Class of Certificates on each Distribution Date shall be allocated among the outstanding Certificates of such Class based on the Certificate Principal Amount (or Certificate Notional Amount) of each such Certificate.
Distributions on this Certificate will be made by check mailed to the Holder of record of this Certificate on the immediately preceding Record Date at the address of such Holder as it appears on the Certificate Register or, upon written request made to the Securities Administrator at least five Business Days prior to the related Record Date, by any Certificateholder owning an aggregate initial Certificate Principal Amount (or Certificate Notional Amount) of at least $1,000,000 or, in the case of the Class A-IO Certificates and any Residual Certificate, a Percentage Interest of 100%, by wire transfer in immediately available funds to an account specified in such request and at the expense of such Certificateholder requesting such wire transfer by deducting a wire transfer fee from the related distribution; provided, however, that the final distribution in respect of any Certificate shall be made only upon presentation and surrender of such Certificate at the Corporate Trust Office (as defined below); provided, further, that the foregoing provisions shall not apply to any Certificate as long as such Certificate remains a Book-Entry Certificate, in which case all payments made shall be made through the Clearing Agency and its Clearing Agency Participants. Notwithstanding such final payment of principal of any of the Certificates, each Residual Certificate will remain outstanding until the termination of the related REMIC or REMICs and the payment in full of all other amounts due with respect to the Residual Certificates and at such time such final payment in retirement of any Residual Certificate will be made only upon presentation and surrender of such Certificate at the Corporate Trust Office.
A-14 |
The Corporate Trust Office with respect to the presentment and surrender of Certificates for the final distribution thereon is the corporate trust office of the Certificate Registrar at Sixth Street and Marquette Avenue, Minneapolis, Minnesota 55479, Attention: Corporate Trust Services — Sequoia Mortgage Trust 2012-5 or at such other address as the Securities Administrator may designate from time to time.
The Pooling and Servicing Agreement may be amended by the Trustee, the Master Servicer, the Securities Administrator, and the Depositor with the consent of the Holders of not less than 66-2/3% of the Class Principal Amount or Class Notional Amount (or Percentage Interest) of each Class of Certificates affected thereby for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders; provided, however, that no such amendment shall be made unless the Trustee and the Securities Administrator receive an Opinion of Counsel, at the expense of the party requesting the change, that such change will not cause an Adverse REMIC Event; and provided further, that no such amendment may (i) reduce in any manner the amount of, or delay the timing of, payments received on Mortgage Loans which are required to be distributed on any Certificate, without the consent of the Holder of such Certificate or (ii) reduce the aforesaid percentages of Class Principal Amount or Class Notional Amount (or Percentage Interest) of Certificates of each Class, the Holders of which are required to consent to any such amendment without the consent of the Holders of 100% of the Class Principal Amount or Class Notional Amount (or Percentage Interest) of each Class of Certificates affected thereby. For purposes of this paragraph, references to “Holder” or “Holders” shall be deemed to include, in the case of any Class of Book-Entry Certificates, the related Certificate Owners. Any consent by the Holder of this Certificate will be conclusive and binding upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not consent is made with respect to such Certificate. The Pooling and Servicing Agreement also permits the amendment thereof in certain limited circumstances without the consent of the Holders.
As provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the Certificate Register upon surrender of this Certificate for registration of transfer at the Corporate Trust Office, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to, the Certificate Registrar duly executed by the Holder thereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class of authorized denominations evidencing the same initial Certificate Principal Amount (or Notional Amount) will be issued to the designated transferee or transferees. As provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, this Certificate is exchangeable for new Certificates of the same Class evidencing the same aggregate initial Certificate Principal Amount (or Notional Amount) as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange, but the Certificate Registrar may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any exchange of Certificates.
A-15 |
The Class A, Class B-1, Class B-2, Class B-3, Class B-4, and Class B-5 Certificates are issuable only in registered form in minimum denominations of $100,000 in initial Certificate Principal Amount in integral multiples of $1 in excess thereof and, in the case of the Class A, Class B-1, Class B-2 and Class B-3 Certificates, will be registered in the name of the nominee of the Clearing Agency, which shall maintain such Certificates through its book-entry facilities and, in the case of the Class B-4 and Class B-5 Certificates, will be maintained in physical form. The Class A-IO Certificates are issuable only as a single Certificate representing the entire Percentage Interest in that class and will be registered in the name of the nominee of the Clearing Agency, which shall maintain such Certificates through its book-entry facilities. The Class R and Class LT-R Certificates will each be issued as a single Certificate representing the entire Percentage Interest in that Class and will be maintained in physical form. The Certificates shall remain outstanding until the final Distribution Date for the Certificates.
On any date on which the Aggregate Stated Principal Balance of the Mortgage Loans has declined to less than 10% of the initial Aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, subject to satisfaction of the conditions described in the Pooling and Servicing Agreement, the Master Servicer may purchase all of the Mortgage Loans from the Trust Fund, thereby causing an early retirement of the Certificates.
In no event will the trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the death of the last survivor of the descendants living at the date of the Pooling and Servicing Agreement of a certain person named in the Pooling and Servicing Agreement.
The Depositor, the Trustee, the Securities Administrator, the Master Servicer, the Certificate Registrar and any agent of any of them may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Trustee, the Securities Administrator, the Master Servicer, the Certificate Registrar or any such agent shall be affected by any notice to the contrary.
As provided in the Pooling and Servicing Agreement, this Certificate and the Pooling and Servicing Agreement shall be construed in accordance with and governed by the laws of the State of New York without regard to the conflict of laws principles applied in the State of New York. In the event of any conflict between the provisions of this Certificate and the Pooling and Servicing Agreement, the Pooling and Servicing Agreement shall be controlling.
A-16 |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s) and assign(s) and transfer(s) unto
(Please print or type name and address, including postal zip code, of assignee and social security number or employer identification number)
the within Certificate stating in the names of the undersigned in the Certificate Register and does hereby irrevocably constitute and appoint
to transfer such Certificate in such Certificate Register.
I [we] further direct the Certificate Registrar to issue a new Certificate of the same Class of like principal to the above-named assignee and deliver such Certificate to the following address:
Dated: | |||
Signature by or on behalf of Assignor | |||
Authorized Officer | Signature Guaranteed | ||
Name of Institution | NOTICE: The signature(s) of this assignment must correspond with the name(s) on the face of this Certificate without alteration or any change whatsoever. The signature must be guaranteed by a participant in the Securities Transfer Agents Medallion Program, the New York Stock Exchange Medallion Signature Program or the Stock Exchanges Medallion Program. Notarized or witnessed signatures are not acceptable as guaranteed signatures. |
A-17 |
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for the information of the Certificate Registrar. Distributions shall be made by wire transfer in immediately available funds to
for the account of |
account number or, if mailed by check, to |
Applicable reports and statements should be mailed to |
This information is provided by |
the assignee named above, or as its agent. |
A-18 |
THIS CERTIFICATE IS A REMIC REGULAR INTEREST CERTIFICATE. THIS CERTIFICATE DOES NOT EVIDENCE AN OBLIGATION OF, OR AN INTEREST IN, AND IS NOT GUARANTEED BY, THE DEPOSITOR, THE TRUSTEE, THE SECURITIES ADMINISTRATOR, THE MASTER SERVICER OR ANY AFFILIATE OF ANY OF THEM AND IS NOT INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR PRIVATE INSURER.
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL AMOUNT OF THIS CERTIFICATE MAY BE MADE IN INSTALLMENTS AS SET FORTH HEREIN. ACCORDINGLY, THE CERTIFICATE PRINCIPAL AMOUNT OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF.
THIS CERTIFICATE IS SUBORDINATE IN RIGHT OF PAYMENT AS DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.
NO TRANSFER OF THIS CERTIFICATE OR ANY INTEREST THEREIN SHALL BE MADE TO ANY EMPLOYEE BENEFIT PLAN OR OTHER PLAN OR ARRANGEMENT SUBJECT TO THE PROHIBITED TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR SECTION 4975 OF THE CODE, OR ANY PERSON (INCLUDING AN INSURANCE COMPANY INVESTING ITS GENERAL ACCOUNT, AN INVESTMENT MANAGER, A NAMED FIDUCIARY OR A TRUSTEE OF ANY SUCH PLAN) WHO IS USING “PLAN ASSETS” OF ANY SUCH PLAN TO EFFECT SUCH ACQUISITION (EACH OF THE FOREGOING, A “PLAN INVESTOR”) UNLESS THE CERTIFICATE REGISTRAR IS PROVIDED WITH EITHER (I) A CERTIFICATION PURSUANT TO SECTION 3.03(d)(i) OF THE AGREEMENT OR (II) AN OPINION OF COUNSEL ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE CERTIFICATE REGISTRAR TO THE EFFECT THAT THE PURCHASE OR HOLDING OF THIS CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR RESULT IN ANY NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (OR COMPARABLE PROVISIONS OF ANY SUBSEQUENT ENACTMENTS), AND WILL NOT SUBJECT THE CERTIFICATE REGISTRAR, THE TRUSTEE OR THE DEPOSITOR TO ANY OBLIGATION OR LIABILITY (INCLUDING OBLIGATIONS OR LIABILITIES UNDER ERISA OR SECTION 4975 OF THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE AGREEMENT, WHICH OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUST FUND, THE CERTIFICATE REGISTRAR, THE TRUSTEE OR THE DEPOSITOR. EACH INVESTOR IN THIS CERTIFICATE WILL BE DEEMED TO REPRESENT THAT IT IS IN COMPLIANCE WITH THE FOREGOING AND WILL BE FURTHER DEEMED TO REPRESENT, WARRANT AND COVENANT THAT IT WILL NOT SELL, PLEDGE OR OTHERWISE TRANSFER SUCH ERISA-RESTRICTED CERTIFICATE IN VIOLATION OF THE FOREGOING.
A-19 |
ANY PURPORTED CERTIFICATE OWNER WHOSE ACQUISITION OR HOLDING OF THIS CERTIFICATE (OR INTEREST THEREIN) WAS EFFECTED IN VIOLATION OF THE RESTRICTIONS IN SECTION 3.03 OF THE AGREEMENT SHALL INDEMNIFY AND HOLD HARMLESS THE CERTIFICATE REGISTRAR, THE DEPOSITOR, THE TRUSTEE AND THE TRUST FUND FROM AND AGAINST ANY AND ALL LIABILITIES, CLAIMS, COSTS OR EXPENSES INCURRED BY SUCH PARTIES AS A RESULT OF SUCH ACQUISITION OR HOLDING.
SEQUOIA MORTGAGE TRUST 2012-5
MORTGAGE PASS-THROUGH CERTIFICATES, CLASS B-l
Evidencing a beneficial interest in a pool of residential mortgage loans and any other assets established by
SEQUOIA RESIDENTIAL FUNDING, INC.
Initial Class Principal | Initial Certificate |
Amount of the Class B-1 | Principal Amount of this |
Certificates: $8,488,000 | Certificates: $8,488,000 |
Certificate Interest Rate: Adjustable | Cut-off Date: October 1, 2012 |
Final Scheduled Distribution | |
Date: November 2042 | |
NUMBER 1 | CUSIP: 81744V AC2 |
A-20 |
THIS CERTIFIES THAT CEDE & CO. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the initial Certificate Principal Amount of this Certificate by the initial Class Principal Amount of all Class B-1 Certificates, both as specified above) in a Trust Fund, the assets of which consist of the Mortgage Loans and all interest and principal received thereon after the Cut-off Date (other than Scheduled Payments due on or prior to the Cut-off Date), the rights of the Seller and the Depositor assigned to the Trustee under each Purchase Agreement, each Servicing Agreement, the Mortgage Loan Purchase and Sale Agreement, the Insurance Policies relating to the Mortgage Loans, all cash, instruments or property held or required to be held in the Custodial Accounts and the Distribution Account and property that secured a Mortgage Loan; and certain other assets, if any, as described in the Pooling and Servicing Agreement (the foregoing assets hereinafter collectively referred to as the “Trust Fund”).
Distributions on this Certificate will be made on the 25th day of each month or, if such day is not a Business Day, then on the succeeding Business Day, commencing in November 2012 (each, a “Distribution Date”), to the Person in whose name this Certificate is registered at the close of business on the last Business Day preceding such Distribution Date (the “Record Date”), in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount, if any, required to be distributed to all Certificates of the Class represented by this Certificate. All sums distributable on this Certificate are payable in the coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts.
Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which shall have the same effect as though fully set forth on the face of this Certificate.
Unless the certificate of authentication hereon has been executed by or on behalf of the Authenticating Agent, whose name appears below by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose.
A-21 |
IN WITNESS WHEREOF, Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee, has caused this Certificate to be duly executed.
CHRISTIANA TRUST, A DIVISION OF WILMINGTON SAVINGS FUND SOCIETY, FSB, | ||
as Trustee | ||
By: | ||
AUTHORIZED SIGNATORY | ||
Dated: |
CERTIFICATE AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Pooling and Servicing Agreement.
WELLS FARGO BANK, N.A., | ||
as Authenticating Agent | ||
By: | ||
AUTHORIZED SIGNATORY | ||
Dated: |
A-22 |
SEQUOIA MORTGAGE TRUST 2012-5
MORTGAGE PASS-THROUGH CERTIFICATE
This Certificate is one of a duly authorized issue of certificates designated as Sequoia Mortgage Trust 2012-5 Mortgage Pass-Through Certificates (the “Certificates”), representing all or part of a beneficial ownership interest in a Trust Fund established pursuant to a Pooling and Servicing Agreement, dated as of October 1, 2012 (the “Pooling and Servicing Agreement”), among Sequoia Residential Funding, Inc., as depositor (the “Depositor”), Wells Fargo Bank, N.A., as master servicer (in such capacity, the “Master Servicer”) and as securities administrator (in such capacity, the “Securities Administrator”) and Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee (the “Trustee”), to which terms, provisions and conditions thereof the Holder of this Certificate by virtue of the acceptance hereof assents, and by which such Holder is bound. Except as otherwise defined herein, all capitalized terms used herein shall have the meanings ascribed to them in the Pooling and Servicing Agreement. The Certificates consist of the following Classes: Class A, Class R, Class LT-R, Class A-IO, Class B-1, Class B-2, Class B-3, Class B-4, and Class B-5.
On each Distribution Date, the Paying Agent, on behalf of the Trustee, will make distributions from the Distribution Account to the Holders of Certificates according to the terms of the Pooling and Servicing Agreement. All distributions or allocations made with respect to each Class of Certificates on each Distribution Date shall be allocated among the outstanding Certificates of such Class based on the Certificate Principal Amount (or Certificate Notional Amount) of each such Certificate.
Distributions on this Certificate will be made by check mailed to the Holder of record of this Certificate on the immediately preceding Record Date at the address of such Holder as it appears on the Certificate Register or, upon written request made to the Securities Administrator at least five Business Days prior to the related Record Date, by any Certificateholder owning an aggregate initial Certificate Principal Amount (or Certificate Notional Amount) of at least $1,000,000 or, in the case of the Class A-IO Certificates and any Residual Certificate, a Percentage Interest of 100%, by wire transfer in immediately available funds to an account specified in such request and at the expense of such Certificateholder requesting such wire transfer by deducting a wire transfer fee from the related distribution; provided, however, that the final distribution in respect of any Certificate shall be made only upon presentation and surrender of such Certificate at the Corporate Trust Office (as defined below); provided, further, that the foregoing provisions shall not apply to any Certificate as long as such Certificate remains a Book-Entry Certificate, in which case all payments made shall be made through the Clearing Agency and its Clearing Agency Participants. Notwithstanding such final payment of principal of any of the Certificates, each Residual Certificate will remain outstanding until the termination of the related REMIC or REMICs and the payment in full of all other amounts due with respect to the Residual Certificates and at such time such final payment in retirement of any Residual Certificate will be made only upon presentation and surrender of such Certificate at the Corporate Trust Office.
A-23 |
The Corporate Trust Office with respect to the presentment and surrender of Certificates for the final distribution thereon is the corporate trust office of the Certificate Registrar at Sixth Street and Marquette Avenue, Minneapolis, Minnesota 55479, Attention: Corporate Trust Services — Sequoia Mortgage Trust 2012-5 or at such other address as the Securities Administrator may designate from time to time.
The Pooling and Servicing Agreement may be amended by the Trustee, the Master Servicer, the Securities Administrator, and the Depositor with the consent of the Holders of not less than 66-2/3% of the Class Principal Amount or Class Notional Amount (or Percentage Interest) of each Class of Certificates affected thereby for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders; provided, however, that no such amendment shall be made unless the Trustee and the Securities Administrator receive an Opinion of Counsel, at the expense of the party requesting the change, that such change will not cause an Adverse REMIC Event; and provided further, that no such amendment may (i) reduce in any manner the amount of, or delay the timing of, payments received on Mortgage Loans which are required to be distributed on any Certificate, without the consent of the Holder of such Certificate or (ii) reduce the aforesaid percentages of Class Principal Amount or Class Notional Amount (or Percentage Interest) of Certificates of each Class, the Holders of which are required to consent to any such amendment without the consent of the Holders of 100% of the Class Principal Amount or Class Notional Amount (or Percentage Interest) of each Class of Certificates affected thereby. For purposes of this paragraph, references to “Holder” or “Holders” shall be deemed to include, in the case of any Class of Book-Entry Certificates, the related Certificate Owners. Any consent by the Holder of this Certificate will be conclusive and binding upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not consent is made with respect to such Certificate. The Pooling and Servicing Agreement also permits the amendment thereof in certain limited circumstances without the consent of the Holders.
As provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the Certificate Register upon surrender of this Certificate for registration of transfer at the Corporate Trust Office, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to, the Certificate Registrar duly executed by the Holder thereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class of authorized denominations evidencing the same initial Certificate Principal Amount (or Notional Amount) will be issued to the designated transferee or transferees. As provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, this Certificate is exchangeable for new Certificates of the same Class evidencing the same aggregate initial Certificate Principal Amount (or Notional Amount) as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange, but the Certificate Registrar may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any exchange of Certificates.
A-24 |
The Class A, Class B-1, Class B-2, Class B-3, Class B-4, and Class B-5 Certificates are issuable only in registered form in minimum denominations of $100,000 in initial Certificate Principal Amount in each case, in integral multiples of $1 in excess thereof and, in the case of the Class A, Class B-1, Class B-2 and Class B-3 Certificates, will be registered in the name of the nominee of the Clearing Agency, which shall maintain such Certificates through its book-entry facilities and, in the case of the Class B-4 and Class B-5 Certificates, will be maintained in physical form. The Class A-IO Certificates are issuable only as a single Certificate representing the entire Percentage Interest in that class and will be registered in the name of the nominee of the Clearing Agency, which shall maintain such Certificates through its book-entry facilities. The Class R and Class LT-R Certificates will each be issued as a single Certificate representing the entire Percentage Interest in that Class and will be maintained in physical form. The Certificates shall remain outstanding until the final Distribution Date for the Certificates.
On any date on which the Aggregate Stated Principal Balance of the Mortgage Loans has declined to less than 10% of the initial Aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, subject to satisfaction of the conditions described in the Pooling and Servicing Agreement, the Master Servicer may purchase all of the Mortgage Loans from the Trust Fund, thereby causing an early retirement of the Certificates.
In no event will the trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the death of the last survivor of the descendants living at the date of the Pooling and Servicing Agreement of a certain person named in the Pooling and Servicing Agreement.
The Depositor, the Trustee, the Securities Administrator, the Master Servicer, the Certificate Registrar and any agent of any of them may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Trustee, the Securities Administrator, the Master Servicer, the Certificate Registrar or any such agent shall be affected by any notice to the contrary.
As provided in the Pooling and Servicing Agreement, this Certificate and the Pooling and Servicing Agreement shall be construed in accordance with and governed by the laws of the State of New York without regard to the conflict of laws principles applied in the State of New York. In the event of any conflict between the provisions of this Certificate and the Pooling and Servicing Agreement, the Pooling and Servicing Agreement shall be controlling.
A-25 |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s) and assign(s) and transfer(s) unto
(Please print or type name and address, including postal zip code, of assignee and social security number or employer identification number)
the within Certificate stating in the names of the undersigned in the Certificate Register and does hereby irrevocably constitute and appoint
to transfer such Certificate in such Certificate Register.
I [we] further direct the Certificate Registrar to issue a new Certificate of the same Class of like principal to the above-named assignee and deliver such Certificate to the following address:
Dated: | |||
Signature by or on behalf of Assignor | |||
Authorized Officer | Signature Guaranteed | ||
Name of Institution | NOTICE: The signature(s) of this assignment must correspond with the name(s) on the face of this Certificate without alteration or any change whatsoever. The signature must be guaranteed by a participant in the Securities Transfer Agents Medallion Program, the New York Stock Exchange Medallion Signature Program or the Stock Exchanges Medallion Program. Notarized or witnessed signatures are not acceptable as guaranteed signatures. |
A-26 |
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for the information of the Certificate Registrar. Distributions shall be made by wire transfer in immediately available funds to
for the account of |
account number or, if mailed by check, to |
Applicable reports and statements should be mailed to |
This information is provided by |
the assignee named above, or as its agent. |
A-27 |
THIS CERTIFICATE IS A REMIC REGULAR INTEREST CERTIFICATE. THIS CERTIFICATE DOES NOT EVIDENCE AN OBLIGATION OF, OR AN INTEREST IN, AND IS NOT GUARANTEED BY, THE DEPOSITOR, THE TRUSTEE, THE SECURITIES ADMINISTRATOR, THE MASTER SERVICER OR ANY AFFILIATE OF ANY OF THEM AND IS NOT INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR PRIVATE INSURER.
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL AMOUNT OF THIS CERTIFICATE MAY BE MADE IN INSTALLMENTS AS SET FORTH HEREIN. ACCORDINGLY, THE CERTIFICATE PRINCIPAL AMOUNT OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF.
THIS CERTIFICATE IS SUBORDINATE IN RIGHT OF PAYMENT AS DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.
NO TRANSFER OF THIS CERTIFICATE OR ANY INTEREST THEREIN SHALL BE MADE TO ANY EMPLOYEE BENEFIT PLAN OR OTHER PLAN OR ARRANGEMENT SUBJECT TO THE PROHIBITED TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR SECTION 4975 OF THE CODE, OR ANY PERSON (INCLUDING AN INSURANCE COMPANY INVESTING ITS GENERAL ACCOUNT, AN INVESTMENT MANAGER, A NAMED FIDUCIARY OR A TRUSTEE OF ANY SUCH PLAN) WHO IS USING “PLAN ASSETS” OF ANY SUCH PLAN TO EFFECT SUCH ACQUISITION (EACH OF THE FOREGOING, A “PLAN INVESTOR”) UNLESS THE CERTIFICATE REGISTRAR IS PROVIDED WITH EITHER (I) A CERTIFICATION PURSUANT TO SECTION 3.03(d)(i) OF THE AGREEMENT OR (II) AN OPINION OF COUNSEL ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE CERTIFICATE REGISTRAR TO THE EFFECT THAT THE PURCHASE OR HOLDING OF THIS CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR RESULT IN ANY NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (OR COMPARABLE PROVISIONS OF ANY SUBSEQUENT ENACTMENTS), AND WILL NOT SUBJECT THE CERTIFICATE REGISTRAR, THE TRUSTEE OR THE DEPOSITOR TO ANY OBLIGATION OR LIABILITY (INCLUDING OBLIGATIONS OR LIABILITIES UNDER ERISA OR SECTION 4975 OF THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE AGREEMENT, WHICH OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUST FUND, THE CERTIFICATE REGISTRAR, THE TRUSTEE OR THE DEPOSITOR. EACH INVESTOR IN THIS CERTIFICATE WILL BE DEEMED TO REPRESENT THAT IT IS IN COMPLIANCE WITH THE FOREGOING AND WILL BE FURTHER DEEMED TO REPRESENT, WARRANT AND COVENANT THAT IT WILL NOT SELL, PLEDGE OR OTHERWISE TRANSFER SUCH ERISA-RESTRICTED CERTIFICATE IN VIOLATION OF THE FOREGOING.
A-28 |
ANY PURPORTED CERTIFICATE OWNER WHOSE ACQUISITION OR HOLDING OF THIS CERTIFICATE (OR INTEREST THEREIN) WAS EFFECTED IN VIOLATION OF THE RESTRICTIONS IN SECTION 3.03 OF THE AGREEMENT SHALL INDEMNIFY AND HOLD HARMLESS THE CERTIFICATE REGISTRAR, THE DEPOSITOR, THE TRUSTEE AND THE TRUST FUND FROM AND AGAINST ANY AND ALL LIABILITIES, CLAIMS, COSTS OR EXPENSES INCURRED BY SUCH PARTIES AS A RESULT OF SUCH ACQUISITION OR HOLDING.
SEQUOIA MORTGAGE TRUST 2012-5
MORTGAGE PASS-THROUGH CERTIFICATES, CLASS B-2
Evidencing a beneficial interest in a pool of residential mortgage loans and any other assets established by
SEQUOIA RESIDENTIAL FUNDING, INC.
Initial Class Principal | Initial Certificate |
Amount of the Class B-2 | Principal Amount of this |
Certificates: $5,286,000 | Certificates: $5,286,000 |
Certificate Interest Rate: Adjustable | Cut-off Date: October 1, 2012 |
Final Scheduled Distribution | |
Date: November 2042 | |
NUMBER 1 | CUSIP: 81744V AD0 |
A-29 |
THIS CERTIFIES THAT CEDE & CO. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the initial Certificate Principal Amount of this Certificate by the initial Class Principal Amount of all Class B-2 Certificates, both as specified above) in a Trust Fund, the assets of which consist of the Mortgage Loans and all interest and principal received thereon after the Cut-off Date (other than Scheduled Payments due on or prior to the Cut-off Date), the rights of the Seller and the Depositor assigned to the Trustee under each Purchase Agreement, each Servicing Agreement, the Mortgage Loan Purchase and Sale Agreement, the Insurance Policies relating to the Mortgage Loans, all cash, instruments or property held or required to be held in the Custodial Accounts and the Distribution Account and property that secured a Mortgage Loan; and certain other assets, if any, as described in the Pooling and Servicing Agreement (the foregoing assets hereinafter collectively referred to as the “Trust Fund”).
Distributions on this Certificate will be made on the 25th day of each month or, if such day is not a Business Day, then on the succeeding Business Day, commencing in November 2012 (each, a “Distribution Date”), to the Person in whose name this Certificate is registered at the close of business on the last Business Day preceding such Distribution Date (the “Record Date”), in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount, if any, required to be distributed to all Certificates of the Class represented by this Certificate. All sums distributable on this Certificate are payable in the coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts.
Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which shall have the same effect as though fully set forth on the face of this Certificate.
Unless the certificate of authentication hereon has been executed by or on behalf of the Authenticating Agent, whose name appears below by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose.
A-30 |
IN WITNESS WHEREOF, Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee, has caused this Certificate to be duly executed.
CHRISTIANA TRUST, A DIVISION OF WILMINGTON SAVINGS FUND SOCIETY, FSB, | ||
as Trustee | ||
By: | ||
AUTHORIZED SIGNATORY | ||
Dated: |
CERTIFICATE AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Pooling and Servicing Agreement.
WELLS FARGO BANK, N.A., | ||
as Authenticating Agent | ||
By: | ||
AUTHORIZED SIGNATORY | ||
Dated: |
A-31 |
SEQUOIA MORTGAGE TRUST 2012-5
MORTGAGE PASS-THROUGH CERTIFICATE
This Certificate is one of a duly authorized issue of certificates designated as Sequoia Mortgage Trust 2012-5 Mortgage Pass-Through Certificates (the “Certificates”), representing all or part of a beneficial ownership interest in a Trust Fund established pursuant to a Pooling and Servicing Agreement, dated as of October 1, 2012 (the “Pooling and Servicing Agreement”), among Sequoia Residential Funding, Inc., as depositor (the “Depositor”), Wells Fargo Bank, N.A., as master servicer (in such capacity, the “Master Servicer”) and as securities administrator (in such capacity, the “Securities Administrator”) and Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee (the “Trustee”), to which terms, provisions and conditions thereof the Holder of this Certificate by virtue of the acceptance hereof assents, and by which such Holder is bound. Except as otherwise defined herein, all capitalized terms used herein shall have the meanings ascribed to them in the Pooling and Servicing Agreement. The Certificates consist of the following Classes: Class A, Class R, Class LT-R, Class A-IO, Class B-1, Class B-2, Class B-3, Class B-4, and Class B-5.
On each Distribution Date, the Paying Agent, on behalf of the Trustee, will make distributions from the Distribution Account to the Holders of Certificates according to the terms of the Pooling and Servicing Agreement. All distributions or allocations made with respect to each Class of Certificates on each Distribution Date shall be allocated among the outstanding Certificates of such Class based on the Certificate Principal Amount (or Certificate Notional Amount) of each such Certificate.
Distributions on this Certificate will be made by check mailed to the Holder of record of this Certificate on the immediately preceding Record Date at the address of such Holder as it appears on the Certificate Register or, upon written request made to the Securities Administrator at least five Business Days prior to the related Record Date, by any Certificateholder owning an aggregate initial Certificate Principal Amount (or Certificate Notional Amount) of at least $1,000,000 or, in the case of the Class A-IO Certificates and any Residual Certificate, a Percentage Interest of 100%, by wire transfer in immediately available funds to an account specified in such request and at the expense of such Certificateholder requesting such wire transfer by deducting a wire transfer fee from the related distribution; provided, however, that the final distribution in respect of any Certificate shall be made only upon presentation and surrender of such Certificate at the Corporate Trust Office (as defined below); provided, further, that the foregoing provisions shall not apply to any Certificate as long as such Certificate remains a Book-Entry Certificate, in which case all payments made shall be made through the Clearing Agency and its Clearing Agency Participants. Notwithstanding such final payment of principal of any of the Certificates, each Residual Certificate will remain outstanding until the termination of the related REMIC or REMICs and the payment in full of all other amounts due with respect to the Residual Certificates and at such time such final payment in retirement of any Residual Certificate will be made only upon presentation and surrender of such Certificate at the Corporate Trust Office.
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The Corporate Trust Office with respect to the presentment and surrender of Certificates for the final distribution thereon is the corporate trust office of the Certificate Registrar at Sixth Street and Marquette Avenue, Minneapolis, Minnesota 55479, Attention: Corporate Trust Services — Sequoia Mortgage Trust 2012-5 or at such other address as the Securities Administrator may designate from time to time.
The Pooling and Servicing Agreement may be amended by the Trustee, the Master Servicer, the Securities Administrator, and the Depositor with the consent of the Holders of not less than 66-2/3% of the Class Principal Amount or Class Notional Amount (or Percentage Interest) of each Class of Certificates affected thereby for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders; provided, however, that no such amendment shall be made unless the Trustee and the Securities Administrator receive an Opinion of Counsel, at the expense of the party requesting the change, that such change will not cause an Adverse REMIC Event; and provided further, that no such amendment may (i) reduce in any manner the amount of, or delay the timing of, payments received on Mortgage Loans which are required to be distributed on any Certificate, without the consent of the Holder of such Certificate or (ii) reduce the aforesaid percentages of Class Principal Amount or Class Notional Amount (or Percentage Interest) of Certificates of each Class, the Holders of which are required to consent to any such amendment without the consent of the Holders of 100% of the Class Principal Amount or Class Notional Amount (or Percentage Interest) of each Class of Certificates affected thereby. For purposes of this paragraph, references to “Holder” or “Holders” shall be deemed to include, in the case of any Class of Book-Entry Certificates, the related Certificate Owners. Any consent by the Holder of this Certificate will be conclusive and binding upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not consent is made with respect to such Certificate. The Pooling and Servicing Agreement also permits the amendment thereof in certain limited circumstances without the consent of the Holders.
As provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the Certificate Register upon surrender of this Certificate for registration of transfer at the Corporate Trust Office, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to, the Certificate Registrar duly executed by the Holder thereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class of authorized denominations evidencing the same initial Certificate Principal Amount (or Notional Amount) will be issued to the designated transferee or transferees. As provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, this Certificate is exchangeable for new Certificates of the same Class evidencing the same aggregate initial Certificate Principal Amount (or Notional Amount) as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange, but the Certificate Registrar may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any exchange of Certificates.
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The Class A, Class B-1, Class B-2, Class B-3, Class B-4, and Class B-5 Certificates are issuable only in registered form in minimum denominations of $100,000 in initial Certificate Principal Amount in each case, in integral multiples of $1 in excess thereof and, in the case of the Class A, Class B-1, Class B-2 and Class B-3 Certificates, will be registered in the name of the nominee of the Clearing Agency, which shall maintain such Certificates through its book-entry facilities and, in the case of the Class B-4 and Class B-5 Certificates, will be maintained in physical form. The Class A-IO Certificates are issuable only as a single Certificate representing the entire Percentage Interest in that class and will be registered in the name of the nominee of the Clearing Agency, which shall maintain such Certificates through its book-entry facilities. The Class R and Class LT-R Certificates will each be issued as a single Certificate representing the entire Percentage Interest in that Class and will be maintained in physical form. The Certificates shall remain outstanding until the final Distribution Date for the Certificates.
On any date on which the Aggregate Stated Principal Balance of the Mortgage Loans has declined to less than 10% of the initial Aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, subject to satisfaction of the conditions described in the Pooling and Servicing Agreement, the Master Servicer may purchase all of the Mortgage Loans from the Trust Fund, thereby causing an early retirement of the Certificates.
In no event will the trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the death of the last survivor of the descendants living at the date of the Pooling and Servicing Agreement of a certain person named in the Pooling and Servicing Agreement.
The Depositor, the Trustee, the Securities Administrator, the Master Servicer, the Certificate Registrar and any agent of any of them may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Trustee, the Securities Administrator, the Master Servicer, the Certificate Registrar or any such agent shall be affected by any notice to the contrary.
As provided in the Pooling and Servicing Agreement, this Certificate and the Pooling and Servicing Agreement shall be construed in accordance with and governed by the laws of the State of New York without regard to the conflict of laws principles applied in the State of New York. In the event of any conflict between the provisions of this Certificate and the Pooling and Servicing Agreement, the Pooling and Servicing Agreement shall be controlling.
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ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s) and assign(s) and transfer(s) unto
(Please print or type name and address, including postal zip code, of assignee and social security number or employer identification number)
the within Certificate stating in the names of the undersigned in the Certificate Register and does hereby irrevocably constitute and appoint
to transfer such Certificate in such Certificate Register.
I [we] further direct the Certificate Registrar to issue a new Certificate of the same Class of like principal to the above-named assignee and deliver such Certificate to the following address:
Dated: | |||
Signature by or on behalf of Assignor | |||
Authorized Officer | Signature Guaranteed | ||
Name of Institution | NOTICE: The signature(s) of this assignment must correspond with the name(s) on the face of this Certificate without alteration or any change whatsoever. The signature must be guaranteed by a participant in the Securities Transfer Agents Medallion Program, the New York Stock Exchange Medallion Signature Program or the Stock Exchanges Medallion Program. Notarized or witnessed signatures are not acceptable as guaranteed signatures. |
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DISTRIBUTION INSTRUCTIONS
The assignee should include the following for the information of the Certificate Registrar. Distributions shall be made by wire transfer in immediately available funds to
for the account of |
account number or, if mailed by check, to |
Applicable reports and statements should be mailed to |
This information is provided by |
the assignee named above, or as its agent. |
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THIS CERTIFICATE IS A REMIC REGULAR INTEREST CERTIFICATE. THIS CERTIFICATE DOES NOT EVIDENCE AN OBLIGATION OF, OR AN INTEREST IN, AND IS NOT GUARANTEED BY, THE DEPOSITOR, THE TRUSTEE, THE SECURITIES ADMINISTRATOR, THE MASTER SERVICER OR ANY AFFILIATE OF ANY OF THEM AND IS NOT INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR PRIVATE INSURER.
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL AMOUNT OF THIS CERTIFICATE MAY BE MADE IN INSTALLMENTS AS SET FORTH HEREIN. ACCORDINGLY, THE CERTIFICATE PRINCIPAL AMOUNT OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF.
THIS CERTIFICATE IS SUBORDINATE IN RIGHT OF PAYMENT AS DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.
NO TRANSFER OF THIS CERTIFICATE OR ANY INTEREST THEREIN SHALL BE MADE TO ANY EMPLOYEE BENEFIT PLAN OR OTHER PLAN OR ARRANGEMENT SUBJECT TO THE PROHIBITED TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR SECTION 4975 OF THE CODE, OR ANY PERSON (INCLUDING AN INSURANCE COMPANY INVESTING ITS GENERAL ACCOUNT, AN INVESTMENT MANAGER, A NAMED FIDUCIARY OR A TRUSTEE OF ANY SUCH PLAN) WHO IS USING “PLAN ASSETS” OF ANY SUCH PLAN TO EFFECT SUCH ACQUISITION (EACH OF THE FOREGOING, A “PLAN INVESTOR”) UNLESS THE CERTIFICATE REGISTRAR IS PROVIDED WITH EITHER (I) A CERTIFICATION PURSUANT TO SECTION 3.03(d)(i) OF THE AGREEMENT OR (II) AN OPINION OF COUNSEL ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE CERTIFICATE REGISTRAR TO THE EFFECT THAT THE PURCHASE OR HOLDING OF THIS CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR RESULT IN ANY NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (OR COMPARABLE PROVISIONS OF ANY SUBSEQUENT ENACTMENTS), AND WILL NOT SUBJECT THE CERTIFICATE REGISTRAR, THE TRUSTEE OR THE DEPOSITOR TO ANY OBLIGATION OR LIABILITY (INCLUDING OBLIGATIONS OR LIABILITIES UNDER ERISA OR SECTION 4975 OF THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE AGREEMENT, WHICH OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUST FUND, THE CERTIFICATE REGISTRAR, THE TRUSTEE OR THE DEPOSITOR. EACH INVESTOR IN THIS CERTIFICATE WILL BE DEEMED TO REPRESENT THAT IT IS IN COMPLIANCE WITH THE FOREGOING AND WILL BE FURTHER DEEMED TO REPRESENT, WARRANT AND COVENANT THAT IT WILL NOT SELL, PLEDGE OR OTHERWISE TRANSFER SUCH ERISA-RESTRICTED CERTIFICATE IN VIOLATION OF THE FOREGOING.
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ANY PURPORTED CERTIFICATE OWNER WHOSE ACQUISITION OR HOLDING OF THIS CERTIFICATE (OR INTEREST THEREIN) WAS EFFECTED IN VIOLATION OF THE RESTRICTIONS IN SECTION 3.03 OF THE AGREEMENT SHALL INDEMNIFY AND HOLD HARMLESS THE CERTIFICATE REGISTRAR, THE DEPOSITOR, THE TRUSTEE AND THE TRUST FUND FROM AND AGAINST ANY AND ALL LIABILITIES, CLAIMS, COSTS OR EXPENSES INCURRED BY SUCH PARTIES AS A RESULT OF SUCH ACQUISITION OR HOLDING.
SEQUOIA MORTGAGE TRUST 2012-5
MORTGAGE PASS-THROUGH CERTIFICATES, CLASS B-3
Evidencing a beneficial interest in a pool of residential mortgage loans and any other assets established by
SEQUOIA RESIDENTIAL FUNDING, INC.
Initial Class Principal | Initial Certificate |
Amount of the Class B-3 | Principal Amount of this |
Certificates: $3,684,000 | Certificates: $3,684,000 |
Certificate Interest Rate: Adjustable | Cut-off Date: October 1, 2012 |
Final Scheduled Distribution | |
Date: November 2042 | |
NUMBER 1 | CUSIP: 81744V AE8 |
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THIS CERTIFIES THAT CEDE & CO. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the initial Certificate Principal Amount of this Certificate by the initial Class Principal Amount of all Class B-3 Certificates, both as specified above) in a Trust Fund, the assets of which consist of the Mortgage Loans and all interest and principal received thereon after the Cut-off Date (other than Scheduled Payments due on or prior to the Cut-off Date), the rights of the Seller and the Depositor assigned to the Trustee under each Purchase Agreement, each Servicing Agreement, the Mortgage Loan Purchase and Sale Agreement, the Insurance Policies relating to the Mortgage Loans, all cash, instruments or property held or required to be held in the Custodial Accounts and the Distribution Account and property that secured a Mortgage Loan; and certain other assets, if any, as described in the Pooling and Servicing Agreement (the foregoing assets hereinafter collectively referred to as the “Trust Fund”).
Distributions on this Certificate will be made on the 25th day of each month or, if such day is not a Business Day, then on the succeeding Business Day, commencing in November 2012 (each, a “Distribution Date”), to the Person in whose name this Certificate is registered at the close of business on the last Business Day preceding such Distribution Date (the “Record Date”), in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount, if any, required to be distributed to all Certificates of the Class represented by this Certificate. All sums distributable on this Certificate are payable in the coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts.
Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which shall have the same effect as though fully set forth on the face of this Certificate.
Unless the certificate of authentication hereon has been executed by or on behalf of the Authenticating Agent, whose name appears below by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose.
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IN WITNESS WHEREOF, Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee, has caused this Certificate to be duly executed.
CHRISTIANA TRUST, A DIVISION OF WILMINGTON SAVINGS FUND SOCIETY, FSB, | ||
as Trustee | ||
By: | ||
AUTHORIZED SIGNATORY | ||
Dated: |
CERTIFICATE AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Pooling and Servicing Agreement.
WELLS FARGO BANK, N.A., | ||
as Authenticating Agent | ||
By: | ||
AUTHORIZED SIGNATORY | ||
Dated: |
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SEQUOIA MORTGAGE TRUST 2012-5
MORTGAGE PASS-THROUGH CERTIFICATE
This Certificate is one of a duly authorized issue of certificates designated as Sequoia Mortgage Trust 2012-5 Mortgage Pass-Through Certificates (the “Certificates”), representing all or part of a beneficial ownership interest in a Trust Fund established pursuant to a Pooling and Servicing Agreement, dated as of October 1, 2012 (the “Pooling and Servicing Agreement”), among Sequoia Residential Funding, Inc., as depositor (the “Depositor”), Wells Fargo Bank, N.A., as master servicer (in such capacity, the “Master Servicer”) and as securities administrator (in such capacity, the “Securities Administrator”) and Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee (the “Trustee”), to which terms, provisions and conditions thereof the Holder of this Certificate by virtue of the acceptance hereof assents, and by which such Holder is bound. Except as otherwise defined herein, all capitalized terms used herein shall have the meanings ascribed to them in the Pooling and Servicing Agreement. The Certificates consist of the following Classes: Class A, Class R, Class LT-R, Class A-IO, Class B-1, Class B-2, Class B-3, Class B-4, and Class B-5.
On each Distribution Date, the Paying Agent, on behalf of the Trustee, will make distributions from the Distribution Account to the Holders of Certificates according to the terms of the Pooling and Servicing Agreement. All distributions or allocations made with respect to each Class of Certificates on each Distribution Date shall be allocated among the outstanding Certificates of such Class based on the Certificate Principal Amount (or Certificate Notional Amount) of each such Certificate.
Distributions on this Certificate will be made by check mailed to the Holder of record of this Certificate on the immediately preceding Record Date at the address of such Holder as it appears on the Certificate Register or, upon written request made to the Securities Administrator at least five Business Days prior to the related Record Date, by any Certificateholder owning an aggregate initial Certificate Principal Amount (or Certificate Notional Amount) of at least $1,000,000 or, in the case of the Class A-IO Certificates and any Residual Certificate, a Percentage Interest of 100%, by wire transfer in immediately available funds to an account specified in such request and at the expense of such Certificateholder requesting such wire transfer by deducting a wire transfer fee from the related distribution; provided, however, that the final distribution in respect of any Certificate shall be made only upon presentation and surrender of such Certificate at the Corporate Trust Office (as defined below); provided, further, that the foregoing provisions shall not apply to any Certificate as long as such Certificate remains a Book-Entry Certificate, in which case all payments made shall be made through the Clearing Agency and its Clearing Agency Participants. Notwithstanding such final payment of principal of any of the Certificates, each Residual Certificate will remain outstanding until the termination of the related REMIC or REMICs and the payment in full of all other amounts due with respect to the Residual Certificates and at such time such final payment in retirement of any Residual Certificate will be made only upon presentation and surrender of such Certificate at the Corporate Trust Office.
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The Corporate Trust Office with respect to the presentment and surrender of Certificates for the final distribution thereon is the corporate trust office of the Certificate Registrar at Sixth Street and Marquette Avenue, Minneapolis, Minnesota 55479, Attention: Corporate Trust Services — Sequoia Mortgage Trust 2012-5 or at such other address as the Securities Administrator may designate from time to time.
The Pooling and Servicing Agreement may be amended by the Trustee, the Master Servicer, the Securities Administrator, and the Depositor with the consent of the Holders of not less than 66-2/3% of the Class Principal Amount or Class Notional Amount (or Percentage Interest) of each Class of Certificates affected thereby for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders; provided, however, that no such amendment shall be made unless the Trustee and the Securities Administrator receive an Opinion of Counsel, at the expense of the party requesting the change, that such change will not cause an Adverse REMIC Event; and provided further, that no such amendment may (i) reduce in any manner the amount of, or delay the timing of, payments received on Mortgage Loans which are required to be distributed on any Certificate, without the consent of the Holder of such Certificate or (ii) reduce the aforesaid percentages of Class Principal Amount or Class Notional Amount (or Percentage Interest) of Certificates of each Class, the Holders of which are required to consent to any such amendment without the consent of the Holders of 100% of the Class Principal Amount or Class Notional Amount (or Percentage Interest) of each Class of Certificates affected thereby. For purposes of this paragraph, references to “Holder” or “Holders” shall be deemed to include, in the case of any Class of Book-Entry Certificates, the related Certificate Owners. Any consent by the Holder of this Certificate will be conclusive and binding upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not consent is made with respect to such Certificate. The Pooling and Servicing Agreement also permits the amendment thereof in certain limited circumstances without the consent of the Holders.
As provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the Certificate Register upon surrender of this Certificate for registration of transfer at the Corporate Trust Office, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to, the Certificate Registrar duly executed by the Holder thereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class of authorized denominations evidencing the same initial Certificate Principal Amount (or Notional Amount) will be issued to the designated transferee or transferees. As provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, this Certificate is exchangeable for new Certificates of the same Class evidencing the same aggregate initial Certificate Principal Amount (or Notional Amount) as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange, but the Certificate Registrar may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any exchange of Certificates.
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The Class A, Class B-1, Class B-2, Class B-3, Class B-4, and Class B-5 Certificates are issuable only in registered form in minimum denominations of $100,000 in initial Certificate Principal Amount in integral multiples of $1 in excess thereof and, in the case of the Class A, Class B-1, Class B-2 and Class B-3 Certificates, will be registered in the name of the nominee of the Clearing Agency, which shall maintain such Certificates through its book-entry facilities and, in the case of the Class B-4 and Class B-5 Certificates, will be maintained in physical form. The Class A-IO Certificates are issuable only as a single Certificate representing the entire Percentage Interest in that class and will be registered in the name of the nominee of the Clearing Agency, which shall maintain such Certificates through its book-entry facilities. The Class R and Class LT-R Certificates will each be issued as a single Certificate representing the entire Percentage Interest in that Class and will be maintained in physical form. The Certificates shall remain outstanding until the final Distribution Date for the Certificates.
On any date on which the Aggregate Stated Principal Balance of the Mortgage Loans has declined to less than 10% of the initial Aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, subject to satisfaction of the conditions described in the Pooling and Servicing Agreement, the Master Servicer may purchase all of the Mortgage Loans from the Trust Fund, thereby causing an early retirement of the Certificates.
In no event will the trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the death of the last survivor of the descendants living at the date of the Pooling and Servicing Agreement of a certain person named in the Pooling and Servicing Agreement.
The Depositor, the Trustee, the Securities Administrator, the Master Servicer, the Certificate Registrar and any agent of any of them may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Trustee, the Securities Administrator, the Master Servicer, the Certificate Registrar or any such agent shall be affected by any notice to the contrary.
As provided in the Pooling and Servicing Agreement, this Certificate and the Pooling and Servicing Agreement shall be construed in accordance with and governed by the laws of the State of New York without regard to the conflict of laws principles applied in the State of New York. In the event of any conflict between the provisions of this Certificate and the Pooling and Servicing Agreement, the Pooling and Servicing Agreement shall be controlling.
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ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s) and assign(s) and transfer(s) unto
(Please print or type name and address, including postal zip code, of assignee and social security number or employer identification number)
the within Certificate stating in the names of the undersigned in the Certificate Register and does hereby irrevocably constitute and appoint
to transfer such Certificate in such Certificate Register.
I [we] further direct the Certificate Registrar to issue a new Certificate of the same Class of like principal to the above-named assignee and deliver such Certificate to the following address:
Dated: | |||
Signature by or on behalf of Assignor | |||
Authorized Officer | Signature Guaranteed | ||
Name of Institution | NOTICE: The signature(s) of this assignment must correspond with the name(s) on the face of this Certificate without alteration or any change whatsoever. The signature must be guaranteed by a participant in the Securities Transfer Agents Medallion Program, the New York Stock Exchange Medallion Signature Program or the Stock Exchanges Medallion Program. Notarized or witnessed signatures are not acceptable as guaranteed signatures. |
A-44 |
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for the information of the Certificate Registrar. Distributions shall be made by wire transfer in immediately available funds to
for the account of |
account number or, if mailed by check, to |
Applicable reports and statements should be mailed to |
This information is provided by |
the assignee named above, or as its agent. |
A-45 |
THIS CERTIFICATE IS A REMIC REGULAR INTEREST CERTIFICATE. THIS CERTIFICATE DOES NOT EVIDENCE AN OBLIGATION OF, OR AN INTEREST IN, AND IS NOT GUARANTEED BY, THE DEPOSITOR, THE TRUSTEE, THE SECURITIES ADMINISTRATOR, THE MASTER SERVICER OR ANY AFFILIATE OF ANY OF THEM AND IS NOT INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR PRIVATE INSURER.
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL AMOUNT OF THIS CERTIFICATE MAY BE MADE IN INSTALLMENTS AS SET FORTH HEREIN. ACCORDINGLY, THE CERTIFICATE PRINCIPAL AMOUNT OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF.
THIS CERTIFICATE IS SUBORDINATE IN RIGHT OF PAYMENT AS DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT"), OR ANY STATE SECURITIES LAWS. NEITHER THIS CERTIFICATE NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION, UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION.
THE HOLDER OF THIS CERTIFICATE BY ITS ACCEPTANCE HEREOF AGREES TO OFFER, SELL OR OTHERWISE TRANSFER SUCH CERTIFICATE ONLY (A) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE 1933 ACT, (B) TO PERSON IT REASONABLY BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A UNDER THE 1933 ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, OR (C) TO AN INSTITUTIONAL "ACCREDITED INVESTOR" WITHIN THE MEANING OF SUBPARAGRAPH (A)(1), (2), (3) OR (7) OF RULE 501 UNDER THE 1933 ACT THAT IS ACQUIRING THE CERTIFICATE FOR ITS OWN ACCOUNT, OR FOR THE ACCOUNT OF SUCH AN INSTITUTIONAL "ACCREDITED INVESTOR," FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION VIOLATION OF THE 1933 ACT, SUBJECT TO THE CERTIFICATE REGISTRAR'S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER TO REQUIRE THE DELIVERY OF A CERTIFICATE OF TRANSFER IN THE FORM APPEARING IN THE POOLING AND SERVICING AGREEMENT.
A-46 |
NO TRANSFER OF THIS CERTIFICATE OR ANY INTEREST THEREIN SHALL BE MADE TO ANY EMPLOYEE BENEFIT PLAN OR OTHER PLAN OR ARRANGEMENT SUBJECT TO THE PROHIBITED TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR SECTION 4975 OF THE CODE, OR ANY PERSON (INCLUDING AN INSURANCE COMPANY INVESTING ITS GENERAL ACCOUNT, AN INVESTMENT MANAGER, A NAMED FIDUCIARY OR A TRUSTEE OF ANY SUCH PLAN) WHO IS USING “PLAN ASSETS” OF ANY SUCH PLAN TO EFFECT SUCH ACQUISITION (EACH OF THE FOREGOING, A “PLAN INVESTOR”) UNLESS THE CERTIFICATE REGISTRAR IS PROVIDED WITH EITHER (I) A CERTIFICATION PURSUANT TO SECTION 3.03(d)(i) OF THE AGREEMENT OR (II) AN OPINION OF COUNSEL ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE CERTIFICATE REGISTRAR TO THE EFFECT THAT THE PURCHASE OR HOLDING OF THIS CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR RESULT IN ANY NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (OR COMPARABLE PROVISIONS OF ANY SUBSEQUENT ENACTMENTS), AND WILL NOT SUBJECT THE CERTIFICATE REGISTRAR, THE TRUSTEE OR THE DEPOSITOR TO ANY OBLIGATION OR LIABILITY (INCLUDING OBLIGATIONS OR LIABILITIES UNDER ERISA OR SECTION 4975 OF THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE AGREEMENT, WHICH OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUST FUND, THE CERTIFICATE REGISTRAR, THE TRUSTEE OR THE DEPOSITOR. EACH INVESTOR IN THIS CERTIFICATE WILL BE DEEMED TO REPRESENT THAT IT IS IN COMPLIANCE WITH THE FOREGOING AND WILL BE FURTHER DEEMED TO REPRESENT, WARRANT AND COVENANT THAT IT WILL NOT SELL, PLEDGE OR OTHERWISE TRANSFER SUCH ERISA-RESTRICTED CERTIFICATE IN VIOLATION OF THE FOREGOING.
ANY PURPORTED CERTIFICATE OWNER WHOSE ACQUISITION OR HOLDING OF THIS CERTIFICATE (OR INTEREST THEREIN) WAS EFFECTED IN VIOLATION OF THE RESTRICTIONS IN SECTION 3.03 OF THE AGREEMENT SHALL INDEMNIFY AND HOLD HARMLESS THE CERTIFICATE REGISTRAR, THE DEPOSITOR, THE TRUSTEE AND THE TRUST FUND FROM AND AGAINST ANY AND ALL LIABILITIES, CLAIMS, COSTS OR EXPENSES INCURRED BY SUCH PARTIES AS A RESULT OF SUCH ACQUISITION OR HOLDING.
A-47 |
SEQUOIA MORTGAGE TRUST 2012-5
MORTGAGE PASS-THROUGH CERTIFICATES, CLASS B-4
Evidencing a beneficial interest in a pool of residential mortgage loans and any other assets established by
SEQUOIA RESIDENTIAL FUNDING, INC.
Initial Class Principal | Initial Certificate |
Amount of the Class B-4 | Principal Amount of this |
Certificates: $2,563,000 | Certificates: $2,563,000 |
Certificate Interest Rate: Adjustable | |
Cut-off Date: October 1, 2012 | |
Final Scheduled Distribution | |
Date: November 2042 | |
CUSIP: 81744V AF5 | |
NUMBER 1 |
A-48 |
THIS CERTIFIES THAT NIMER & CO. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the initial Certificate Principal Amount of this Certificate by the initial Class Principal Amount of all Class B-4 Certificates, both as specified above) in a Trust Fund, the assets of which consist of the Mortgage Loans and all interest and principal received thereon after the Cut-off Date (other than Scheduled Payments due on or prior to the Cut-off Date), the rights of the Seller and the Depositor assigned to the Trustee under each Purchase Agreement, each Servicing Agreement, the Mortgage Loan Purchase and Sale Agreement, the Insurance Policies relating to the Mortgage Loans, all cash, instruments or property held or required to be held in the Custodial Accounts and the Distribution Account and property that secured a Mortgage Loan; and certain other assets, if any, as described in the Pooling and Servicing Agreement (the foregoing assets hereinafter collectively referred to as the “Trust Fund”).
Distributions on this Certificate will be made on the 25th day of each month or, if such day is not a Business Day, then on the succeeding Business Day, commencing in November 2012 (each, a “Distribution Date”), to the Person in whose name this Certificate is registered at the close of business on the last Business Day preceding such Distribution Date (the “Record Date”), in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount, if any, required to be distributed to all Certificates of the Class represented by this Certificate. All sums distributable on this Certificate are payable in the coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts.
Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which shall have the same effect as though fully set forth on the face of this Certificate.
Unless the certificate of authentication hereon has been executed by or on behalf of the Authenticating Agent, whose name appears below by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose.
A-49 |
IN WITNESS WHEREOF, Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee, has caused this Certificate to be duly executed.
CHRISTIANA TRUST, A DIVISION OF WILMINGTON SAVINGS FUND SOCIETY, FSB, | ||
as Trustee | ||
By: | ||
AUTHORIZED SIGNATORY | ||
Dated: |
CERTIFICATE AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Pooling and Servicing Agreement.
WELLS FARGO BANK, N.A., | ||
as Authenticating Agent | ||
By: | ||
AUTHORIZED SIGNATORY | ||
Dated: |
A-50 |
SEQUOIA MORTGAGE TRUST 2012-5
MORTGAGE PASS-THROUGH CERTIFICATE
This Certificate is one of a duly authorized issue of certificates designated as Sequoia Mortgage Trust 2012-5 Mortgage Pass-Through Certificates (the “Certificates”), representing all or part of a beneficial ownership interest in a Trust Fund established pursuant to a Pooling and Servicing Agreement, dated as of October 1, 2012 (the “Pooling and Servicing Agreement”), among Sequoia Residential Funding, Inc., as depositor (the “Depositor”), Wells Fargo Bank, N.A., as master servicer (in such capacity, the “Master Servicer”) and as securities administrator (in such capacity, the “Securities Administrator”) and Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee (the “Trustee”), to which terms, provisions and conditions thereof the Holder of this Certificate by virtue of the acceptance hereof assents, and by which such Holder is bound. Except as otherwise defined herein, all capitalized terms used herein shall have the meanings ascribed to them in the Pooling and Servicing Agreement. The Certificates consist of the following Classes: Class A, Class R, Class LT-R, Class A-IO, Class B-1, Class B-2, Class B-3, Class B-4, and Class B-5.
On each Distribution Date, the Paying Agent, on behalf of the Trustee, will make distributions from the Distribution Account to the Holders of Certificates according to the terms of the Pooling and Servicing Agreement. All distributions or allocations made with respect to each Class of Certificates on each Distribution Date shall be allocated among the outstanding Certificates of such Class based on the Certificate Principal Amount (or Certificate Notional Amount) of each such Certificate.
Distributions on this Certificate will be made by check mailed to the Holder of record of this Certificate on the immediately preceding Record Date at the address of such Holder as it appears on the Certificate Register or, upon written request made to the Securities Administrator at least five Business Days prior to the related Record Date, by any Certificateholder owning an aggregate initial Certificate Principal Amount (or Certificate Notional Amount) of at least $1,000,000 or, in the case of the Class A-IO Certificates and any Residual Certificate, a Percentage Interest of 100%, by wire transfer in immediately available funds to an account specified in such request and at the expense of such Certificateholder requesting such wire transfer by deducting a wire transfer fee from the related distribution; provided, however, that the final distribution in respect of any Certificate shall be made only upon presentation and surrender of such Certificate at the Corporate Trust Office (as defined below); provided, further, that the foregoing provisions shall not apply to any Certificate as long as such Certificate remains a Book-Entry Certificate, in which case all payments made shall be made through the Clearing Agency and its Clearing Agency Participants. Notwithstanding such final payment of principal of any of the Certificates, each Residual Certificate will remain outstanding until the termination of the related REMIC or REMICs and the payment in full of all other amounts due with respect to the Residual Certificates and at such time such final payment in retirement of any Residual Certificate will be made only upon presentation and surrender of such Certificate at the Corporate Trust Office.
A-51 |
The Corporate Trust Office with respect to the presentment and surrender of Certificates for the final distribution thereon is the corporate trust office of the Certificate Registrar at Sixth Street and Marquette Avenue, Minneapolis, Minnesota 55479, Attention: Corporate Trust Services — Sequoia Mortgage Trust 2012-5 or at such other address as the Securities Administrator may designate from time to time.
The Pooling and Servicing Agreement may be amended by the Trustee, the Master Servicer, the Securities Administrator, and the Depositor with the consent of the Holders of not less than 66-2/3% of the Class Principal Amount or Class Notional Amount (or Percentage Interest) of each Class of Certificates affected thereby for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders; provided, however, that no such amendment shall be made unless the Trustee and the Securities Administrator receive an Opinion of Counsel, at the expense of the party requesting the change, that such change will not cause an Adverse REMIC Event; and provided further, that no such amendment may (i) reduce in any manner the amount of, or delay the timing of, payments received on Mortgage Loans which are required to be distributed on any Certificate, without the consent of the Holder of such Certificate or (ii) reduce the aforesaid percentages of Class Principal Amount or Class Notional Amount (or Percentage Interest) of Certificates of each Class, the Holders of which are required to consent to any such amendment without the consent of the Holders of 100% of the Class Principal Amount or Class Notional Amount (or Percentage Interest) of each Class of Certificates affected thereby. For purposes of this paragraph, references to “Holder” or “Holders” shall be deemed to include, in the case of any Class of Book-Entry Certificates, the related Certificate Owners. Any consent by the Holder of this Certificate will be conclusive and binding upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not consent is made with respect to such Certificate. The Pooling and Servicing Agreement also permits the amendment thereof in certain limited circumstances without the consent of the Holders.
As provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the Certificate Register upon surrender of this Certificate for registration of transfer at the Corporate Trust Office, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to, the Certificate Registrar duly executed by the Holder thereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class of authorized denominations evidencing the same initial Certificate Principal Amount (or Notional Amount) will be issued to the designated transferee or transferees. As provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, this Certificate is exchangeable for new Certificates of the same Class evidencing the same aggregate initial Certificate Principal Amount (or Notional Amount) as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange, but the Certificate Registrar may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any exchange of Certificates.
A-52 |
The Class A, Class B-1, Class B-2, Class B-3, Class B-4, and Class B-5 Certificates are issuable only in registered form in minimum denominations of $100,000 in initial Certificate Principal Amount in integral multiples of $1 in excess thereof and, in the case of the Class A, Class B-1, Class B-2 and Class B-3 Certificates, will be registered in the name of the nominee of the Clearing Agency, which shall maintain such Certificates through its book-entry facilities and, in the case of the Class B-4 and Class B-5 Certificates, will be maintained in physical form. The Class A-IO Certificates are issuable only as a single Certificate representing the entire Percentage Interest in that class and will be registered in the name of the nominee of the Clearing Agency, which shall maintain such Certificates through its book-entry facilities. The Class R and Class LT-R Certificates will each be issued as a single Certificate representing the entire Percentage Interest in that Class and will be maintained in physical form. The Certificates shall remain outstanding until the final Distribution Date for the Certificates.
On any date on which the Aggregate Stated Principal Balance of the Mortgage Loans has declined to less than 10% of the initial Aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, subject to satisfaction of the conditions described in the Pooling and Servicing Agreement, the Master Servicer may purchase all of the Mortgage Loans from the Trust Fund, thereby causing an early retirement of the Certificates.
In no event will the trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the death of the last survivor of the descendants living at the date of the Pooling and Servicing Agreement of a certain person named in the Pooling and Servicing Agreement.
The Depositor, the Trustee, the Securities Administrator, the Master Servicer, the Certificate Registrar and any agent of any of them may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Trustee, the Securities Administrator, the Master Servicer, the Certificate Registrar or any such agent shall be affected by any notice to the contrary.
As provided in the Pooling and Servicing Agreement, this Certificate and the Pooling and Servicing Agreement shall be construed in accordance with and governed by the laws of the State of New York without regard to the conflict of laws principles applied in the State of New York. In the event of any conflict between the provisions of this Certificate and the Pooling and Servicing Agreement, the Pooling and Servicing Agreement shall be controlling.
A-53 |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s) and assign(s) and transfer(s) unto
(Please print or type name and address, including postal zip code, of assignee and social security number or employer identification number)
the within Certificate stating in the names of the undersigned in the Certificate Register and does hereby irrevocably constitute and appoint
to transfer such Certificate in such Certificate Register.
I [we] further direct the Certificate Registrar to issue a new Certificate of the same Class of like principal to the above-named assignee and deliver such Certificate to the following address:
Dated: | |||
Signature by or on behalf of Assignor | |||
Authorized Officer | Signature Guaranteed | ||
Name of Institution | NOTICE: The signature(s) of this assignment must correspond with the name(s) on the face of this Certificate without alteration or any change whatsoever. The signature must be guaranteed by a participant in the Securities Transfer Agents Medallion Program, the New York Stock Exchange Medallion Signature Program or the Stock Exchanges Medallion Program. Notarized or witnessed signatures are not acceptable as guaranteed signatures. |
A-54 |
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for the information of the Certificate Registrar. Distributions shall be made by wire transfer in immediately available funds to
for the account of |
account number or, if mailed by check, to |
Applicable reports and statements should be mailed to |
This information is provided by |
the assignee named above, or as its agent. |
A-55 |
THIS CERTIFICATE IS A REMIC REGULAR INTEREST CERTIFICATE. THIS CERTIFICATE DOES NOT EVIDENCE AN OBLIGATION OF, OR AN INTEREST IN, AND IS NOT GUARANTEED BY, THE DEPOSITOR, THE TRUSTEE, THE SECURITIES ADMINISTRATOR, THE MASTER SERVICER OR ANY AFFILIATE OF ANY OF THEM AND IS NOT INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR PRIVATE INSURER.
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL AMOUNT OF THIS CERTIFICATE MAY BE MADE IN INSTALLMENTS AS SET FORTH HEREIN. ACCORDINGLY, THE CERTIFICATE PRINCIPAL AMOUNT OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF.
THIS CERTIFICATE IS SUBORDINATE IN RIGHT OF PAYMENT AS DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT"), OR ANY STATE SECURITIES LAWS. NEITHER THIS CERTIFICATE NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION, UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION.
THE HOLDER OF THIS CERTIFICATE BY ITS ACCEPTANCE HEREOF AGREES TO OFFER, SELL OR OTHERWISE TRANSFER SUCH CERTIFICATE ONLY (A) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE 1933 ACT, (B) TO PERSON IT REASONABLY BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A UNDER THE 1933 ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, OR (C) TO AN INSTITUTIONAL "ACCREDITED INVESTOR" WITHIN THE MEANING OF SUBPARAGRAPH (A)(1), (2), (3) OR (7) OF RULE 501 UNDER THE 1933 ACT THAT IS ACQUIRING THE CERTIFICATE FOR ITS OWN ACCOUNT, OR FOR THE ACCOUNT OF SUCH AN INSTITUTIONAL "ACCREDITED INVESTOR," FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION VIOLATION OF THE 1933 ACT, SUBJECT TO THE CERTIFICATE REGISTRAR'S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER TO REQUIRE THE DELIVERY OF A CERTIFICATE OF TRANSFER IN THE FORM APPEARING IN THE POOLING AND SERVICING AGREEMENT.
A-56 |
NO TRANSFER OF THIS CERTIFICATE OR ANY INTEREST THEREIN SHALL BE MADE TO ANY EMPLOYEE BENEFIT PLAN OR OTHER PLAN OR ARRANGEMENT SUBJECT TO THE PROHIBITED TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR SECTION 4975 OF THE CODE, OR ANY PERSON (INCLUDING AN INSURANCE COMPANY INVESTING ITS GENERAL ACCOUNT, AN INVESTMENT MANAGER, A NAMED FIDUCIARY OR A TRUSTEE OF ANY SUCH PLAN) WHO IS USING “PLAN ASSETS” OF ANY SUCH PLAN TO EFFECT SUCH ACQUISITION (EACH OF THE FOREGOING, A “PLAN INVESTOR”) UNLESS THE CERTIFICATE REGISTRAR IS PROVIDED WITH EITHER (I) A CERTIFICATION PURSUANT TO SECTION 3.03(d)(i) OF THE AGREEMENT OR (II) AN OPINION OF COUNSEL ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE CERTIFICATE REGISTRAR TO THE EFFECT THAT THE PURCHASE OR HOLDING OF THIS CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR RESULT IN ANY NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (OR COMPARABLE PROVISIONS OF ANY SUBSEQUENT ENACTMENTS), AND WILL NOT SUBJECT THE CERTIFICATE REGISTRAR, THE TRUSTEE OR THE DEPOSITOR TO ANY OBLIGATION OR LIABILITY (INCLUDING OBLIGATIONS OR LIABILITIES UNDER ERISA OR SECTION 4975 OF THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE AGREEMENT, WHICH OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUST FUND, THE CERTIFICATE REGISTRAR, THE TRUSTEE OR THE DEPOSITOR. EACH INVESTOR IN THIS CERTIFICATE WILL BE DEEMED TO REPRESENT THAT IT IS IN COMPLIANCE WITH THE FOREGOING AND WILL BE FURTHER DEEMED TO REPRESENT, WARRANT AND COVENANT THAT IT WILL NOT SELL, PLEDGE OR OTHERWISE TRANSFER SUCH ERISA-RESTRICTED CERTIFICATE IN VIOLATION OF THE FOREGOING.
ANY PURPORTED CERTIFICATE OWNER WHOSE ACQUISITION OR HOLDING OF THIS CERTIFICATE (OR INTEREST THEREIN) WAS EFFECTED IN VIOLATION OF THE RESTRICTIONS IN SECTION 3.03 OF THE AGREEMENT SHALL INDEMNIFY AND HOLD HARMLESS THE CERTIFICATE REGISTRAR, THE DEPOSITOR, THE TRUSTEE AND THE TRUST FUND FROM AND AGAINST ANY AND ALL LIABILITIES, CLAIMS, COSTS OR EXPENSES INCURRED BY SUCH PARTIES AS A RESULT OF SUCH ACQUISITION OR HOLDING.
A-57 |
SEQUOIA MORTGAGE TRUST 2012-5
MORTGAGE PASS-THROUGH CERTIFICATES, CLASS B-5
Evidencing a beneficial interest in a pool of residential mortgage loans and any other assets established by
SEQUOIA RESIDENTIAL FUNDING, INC.
Initial Class Principal | Initial Certificate |
Amount of the Class B-5 | Principal Amount of this |
Certificates: $3,364,050 | Certificates: $3,364,051 |
Certificate Interest Rate: Adjustable | |
Cut-off Date: October 1, 2012 | |
Final Scheduled Distribution | |
Date: November 2042 | |
NUMBER 1 | CUSIP: 81744V AG3 |
A-58 |
THIS CERTIFIES THAT NIMER & CO. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the initial Certificate Principal Amount of this Certificate by the initial Class Principal Amount of all Class B-5 Certificates, both as specified above) in a Trust Fund, the assets of which consist of the Mortgage Loans and all interest and principal received thereon after the Cut-off Date (other than Scheduled Payments due on or prior to the Cut-off Date), the rights of the Seller and the Depositor assigned to the Trustee under each Purchase Agreement, each Servicing Agreement, the Mortgage Loan Purchase and Sale Agreement, the Insurance Policies relating to the Mortgage Loans, all cash, instruments or property held or required to be held in the Custodial Accounts and the Distribution Account and property that secured a Mortgage Loan; and certain other assets, if any, as described in the Pooling and Servicing Agreement (the foregoing assets hereinafter collectively referred to as the “Trust Fund”).
Distributions on this Certificate will be made on the 25th day of each month or, if such day is not a Business Day, then on the succeeding Business Day, commencing in November 2012 (each, a “Distribution Date”), to the Person in whose name this Certificate is registered at the close of business on the last Business Day preceding such Distribution Date (the “Record Date”), in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount, if any, required to be distributed to all Certificates of the Class represented by this Certificate. All sums distributable on this Certificate are payable in the coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts.
Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which shall have the same effect as though fully set forth on the face of this Certificate.
Unless the certificate of authentication hereon has been executed by or on behalf of the Authenticating Agent, whose name appears below by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose.
A-59 |
IN WITNESS WHEREOF, Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee, has caused this Certificate to be duly executed.
CHRISTIANA TRUST, A DIVISION OF WILMINGTON SAVINGS FUND SOCIETY, FSB, | ||
as Trustee | ||
By: | ||
AUTHORIZED SIGNATORY | ||
Dated: |
CERTIFICATE AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Pooling and Servicing Agreement.
WELLS FARGO BANK, N.A., | ||
as Authenticating Agent | ||
By: | ||
AUTHORIZED SIGNATORY | ||
Dated: |
A-60 |
SEQUOIA MORTGAGE TRUST 2012-5
MORTGAGE PASS-THROUGH CERTIFICATE
This Certificate is one of a duly authorized issue of certificates designated as Sequoia Mortgage Trust 2012-5 Mortgage Pass-Through Certificates (the “Certificates”), representing all or part of a beneficial ownership interest in a Trust Fund established pursuant to a Pooling and Servicing Agreement, dated as of October 1, 2012 (the “Pooling and Servicing Agreement”), among Sequoia Residential Funding, Inc., as depositor (the “Depositor”), Wells Fargo Bank, N.A., as master servicer (in such capacity, the “Master Servicer”) and as securities administrator (in such capacity, the “Securities Administrator”) and Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee (the “Trustee”), to which terms, provisions and conditions thereof the Holder of this Certificate by virtue of the acceptance hereof assents, and by which such Holder is bound. Except as otherwise defined herein, all capitalized terms used herein shall have the meanings ascribed to them in the Pooling and Servicing Agreement. The Certificates consist of the following Classes: Class A, Class R, Class LT-R, Class A-IO, Class B-1, Class B-2, Class B-3, Class B-4, and Class B-5.
On each Distribution Date, the Paying Agent, on behalf of the Trustee, will make distributions from the Distribution Account to the Holders of Certificates according to the terms of the Pooling and Servicing Agreement. All distributions or allocations made with respect to each Class of Certificates on each Distribution Date shall be allocated among the outstanding Certificates of such Class based on the Certificate Principal Amount (or Certificate Notional Amount) of each such Certificate.
Distributions on this Certificate will be made by check mailed to the Holder of record of this Certificate on the immediately preceding Record Date at the address of such Holder as it appears on the Certificate Register or, upon written request made to the Securities Administrator at least five Business Days prior to the related Record Date, by any Certificateholder owning an aggregate initial Certificate Principal Amount (or Certificate Notional Amount) of at least $1,000,000 or, in the case of the Class A-IO Certificates and any Residual Certificate, a Percentage Interest of 100%, by wire transfer in immediately available funds to an account specified in such request and at the expense of such Certificateholder requesting such wire transfer by deducting a wire transfer fee from the related distribution; provided, however, that the final distribution in respect of any Certificate shall be made only upon presentation and surrender of such Certificate at the Corporate Trust Office (as defined below); provided, further, that the foregoing provisions shall not apply to any Certificate as long as such Certificate remains a Book-Entry Certificate, in which case all payments made shall be made through the Clearing Agency and its Clearing Agency Participants. Notwithstanding such final payment of principal of any of the Certificates, each Residual Certificate will remain outstanding until the termination of the related REMIC or REMICs and the payment in full of all other amounts due with respect to the Residual Certificates and at such time such final payment in retirement of any Residual Certificate will be made only upon presentation and surrender of such Certificate at the Corporate Trust Office.
A-61 |
The Corporate Trust Office with respect to the presentment and surrender of Certificates for the final distribution thereon is the corporate trust office of the Certificate Registrar at Sixth Street and Marquette Avenue, Minneapolis, Minnesota 55479, Attention: Corporate Trust Services — Sequoia Mortgage Trust 2012-5 or at such other address as the Securities Administrator may designate from time to time.
The Pooling and Servicing Agreement may be amended by the Trustee, the Master Servicer, the Securities Administrator, and the Depositor with the consent of the Holders of not less than 66-2/3% of the Class Principal Amount or Class Notional Amount (or Percentage Interest) of each Class of Certificates affected thereby for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders; provided, however, that no such amendment shall be made unless the Trustee and the Securities Administrator receive an Opinion of Counsel, at the expense of the party requesting the change, that such change will not cause an Adverse REMIC Event; and provided further, that no such amendment may (i) reduce in any manner the amount of, or delay the timing of, payments received on Mortgage Loans which are required to be distributed on any Certificate, without the consent of the Holder of such Certificate or (ii) reduce the aforesaid percentages of Class Principal Amount or Class Notional Amount (or Percentage Interest) of Certificates of each Class, the Holders of which are required to consent to any such amendment without the consent of the Holders of 100% of the Class Principal Amount or Class Notional Amount (or Percentage Interest) of each Class of Certificates affected thereby. For purposes of this paragraph, references to “Holder” or “Holders” shall be deemed to include, in the case of any Class of Book-Entry Certificates, the related Certificate Owners. Any consent by the Holder of this Certificate will be conclusive and binding upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not consent is made with respect to such Certificate. The Pooling and Servicing Agreement also permits the amendment thereof in certain limited circumstances without the consent of the Holders.
As provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the Certificate Register upon surrender of this Certificate for registration of transfer at the Corporate Trust Office, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to, the Certificate Registrar duly executed by the Holder thereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class of authorized denominations evidencing the same initial Certificate Principal Amount (or Notional Amount) will be issued to the designated transferee or transferees. As provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, this Certificate is exchangeable for new Certificates of the same Class evidencing the same aggregate initial Certificate Principal Amount (or Notional Amount) as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange, but the Certificate Registrar may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any exchange of Certificates.
A-62 |
The Class A, Class B-1, Class B-2, Class B-3, Class B-4, and Class B-5 Certificates are issuable only in registered form in minimum denominations of $100,000 in initial Certificate Principal Amount in integral multiples of $1 in excess thereof and, in the case of the Class A, Class B-1, Class B-2 and Class B-3 Certificates, will be registered in the name of the nominee of the Clearing Agency, which shall maintain such Certificates through its book-entry facilities and, in the case of the Class B-4 and Class B-5 Certificates, will be maintained in physical form. The Class A-IO Certificates are issuable only as a single Certificate representing the entire Percentage Interest in that class and will be registered in the name of the nominee of the Clearing Agency, which shall maintain such Certificates through its book-entry facilities. The Class R and Class LT-R Certificates will each be issued as a single Certificate representing the entire Percentage Interest in that Class and will be maintained in physical form. The Certificates shall remain outstanding until the final Distribution Date for the Certificates.
On any date on which the Aggregate Stated Principal Balance of the Mortgage Loans has declined to less than 10% of the initial Aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, subject to satisfaction of the conditions described in the Pooling and Servicing Agreement, the Master Servicer may purchase all of the Mortgage Loans from the Trust Fund, thereby causing an early retirement of the Certificates.
In no event will the trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the death of the last survivor of the descendants living at the date of the Pooling and Servicing Agreement of a certain person named in the Pooling and Servicing Agreement.
The Depositor, the Trustee, the Securities Administrator, the Master Servicer, the Certificate Registrar and any agent of any of them may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Trustee, the Securities Administrator, the Master Servicer, the Certificate Registrar or any such agent shall be affected by any notice to the contrary.
As provided in the Pooling and Servicing Agreement, this Certificate and the Pooling and Servicing Agreement shall be construed in accordance with and governed by the laws of the State of New York without regard to the conflict of laws principles applied in the State of New York. In the event of any conflict between the provisions of this Certificate and the Pooling and Servicing Agreement, the Pooling and Servicing Agreement shall be controlling.
A-63 |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s) and assign(s) and transfer(s) unto
(Please print or type name and address, including postal zip code, of assignee and social security number or employer identification number)
the within Certificate stating in the names of the undersigned in the Certificate Register and does hereby irrevocably constitute and appoint
to transfer such Certificate in such Certificate Register.
I [we] further direct the Certificate Registrar to issue a new Certificate of the same Class of like principal to the above-named assignee and deliver such Certificate to the following address:
Dated: | |||
Signature by or on behalf of Assignor | |||
Authorized Officer | Signature Guaranteed | ||
Name of Institution | NOTICE: The signature(s) of this assignment must correspond with the name(s) on the face of this Certificate without alteration or any change whatsoever. The signature must be guaranteed by a participant in the Securities Transfer Agents Medallion Program, the New York Stock Exchange Medallion Signature Program or the Stock Exchanges Medallion Program. Notarized or witnessed signatures are not acceptable as guaranteed signatures. |
A-64 |
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for the information of the Certificate Registrar. Distributions shall be made by wire transfer in immediately available funds to
for the account of |
account number or, if mailed by check, to |
Applicable reports and statements should be mailed to |
This information is provided by |
the assignee named above, or as its agent. |
A-65 |
THIS CERTIFICATE IS A REMIC RESIDUAL INTEREST CERTIFICATE. THIS CERTIFICATE DOES NOT EVIDENCE AN OBLIGATION OF, OR AN INTEREST IN, AND IS NOT GUARANTEED BY, THE DEPOSITOR, THE TRUSTEE, THE SECURITIES ADMINISTRATOR, THE MASTER SERVICER OR ANY AFFILIATE OF ANY OF THEM AND IS NOT INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR PRIVATE INSURER.
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT"), OR ANY STATE SECURITIES LAWS. NEITHER THIS CERTIFICATE NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION, UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION.
THE HOLDER OF THIS CERTIFICATE BY ITS ACCEPTANCE HEREOF AGREES TO OFFER, SELL OR OTHERWISE TRANSFER SUCH CERTIFICATE ONLY (A) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE 1933 ACT, (B) TO PERSON IT REASONABLY BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A UNDER THE 1933 ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, OR (C) TO AN INSTITUTIONAL "ACCREDITED INVESTOR" WITHIN THE MEANING OF SUBPARAGRAPH (A)(1), (2), (3) OR (7) OF RULE 501 UNDER THE 1933 ACT THAT IS ACQUIRING THE CERTIFICATE FOR ITS OWN ACCOUNT, OR FOR THE ACCOUNT OF SUCH AN INSTITUTIONAL "ACCREDITED INVESTOR," FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION VIOLATION OF THE 1933 ACT, SUBJECT TO THE CERTIFICATE REGISTRAR'S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER TO REQUIRE THE DELIVERY OF A CERTIFICATE OF TRANSFER IN THE FORM APPEARING IN THE POOLING AND SERVICING AGREEMENT.
A-66 |
ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY IF THE PROPOSED TRANSFEREE PROVIDES A TRANSFER AFFIDAVIT TO THE DEPOSITOR AND THE TRUSTEE THAT (1) SUCH TRANSFEREE IS NOT EITHER (A) THE UNITED STATES, ANY STATE OR POLITICAL SUBDIVISION THEREOF, ANY FOREIGN GOVERNMENT, ANY INTERNATIONAL ORGANIZATION, OR ANY AGENCY OR INSTRUMENTALITY OF ANY OF THE FOREGOING, (B) ANY ORGANIZATION (OTHER THAN A COOPERATIVE DESCRIBED IN SECTION 521 OF THE CODE) WHICH IS EXEMPT FROM THE TAX IMPOSED BY CHAPTER 1 OF THE CODE UNLESS SUCH ORGANIZATION IS SUBJECT TO THE TAX IMPOSED BY SECTION 511 OF THE CODE, (C) ANY ORGANIZATION DESCRIBED IN SECTION 1381(a)(2)(C) OF THE CODE, (D) AN ELECTING LARGE-PARTNERSHIP WITHIN THE MEANING OF SECTION 775 OF THE CODE (ANY SUCH PERSON DESCRIBED IN THE FOREGOING CLAUSES (A), (B), (C) OR (D) BEING HEREINAFTER REFERRED TO AS A “DISQUALIFIED ORGANIZATION”), OR (E) AN AGENT OF A DISQUALIFIED ORGANIZATION AND (2) NO PURPOSE OF SUCH TRANSFER IS TO ENABLE THE TRANSFEROR TO IMPEDE THE ASSESSMENT OR COLLECTION OF TAX. SUCH AFFIDAVIT SHALL INCLUDE CERTAIN REPRESENTATIONS AS TO THE FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE AND ITS STATUS AS A NON-US PERSON (IF APPLICABLE). NOTWITHSTANDING THE REGISTRATION IN THE CERTIFICATE REGISTER OF ANY TRANSFER, SALE OR OTHER DISPOSITION OF THIS CLASS R CERTIFICATE TO A DISQUALIFIED ORGANIZATION OR AN AGENT OF A DISQUALIFIED ORGANIZATION, SUCH REGISTRATION SHALL BE DEEMED TO BE OF NO LEGAL FORCE OR EFFECT WHATSOEVER AND SUCH PERSON SHALL NOT BE DEEMED TO BE A CERTIFICATEHOLDER FOR ANY PURPOSE HEREUNDER, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF DISTRIBUTIONS ON THIS CERTIFICATE. EACH HOLDER OF THE CLASS R CERTIFICATE BY ACCEPTANCE OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE CONSENTED TO THE PROVISIONS OF THIS PARAGRAPH.
NO TRANSFER OF THIS CERTIFICATE OR ANY INTEREST THEREIN SHALL BE MADE TO ANY EMPLOYEE BENEFIT PLAN OR OTHER PLAN OR ARRANGEMENT SUBJECT TO THE PROHIBITED TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR SECTION 4975 OF THE CODE, OR ANY PERSON (INCLUDING AN INSURANCE COMPANY INVESTING ITS GENERAL ACCOUNT, AN INVESTMENT MANAGER, A NAMED FIDUCIARY OR A TRUSTEE OF ANY SUCH PLAN) WHO IS USING “PLAN ASSETS” OF ANY SUCH PLAN TO EFFECT SUCH ACQUISITION. EACH INVESTOR IN THIS CERTIFICATE WILL BE DEEMED TO REPRESENT THAT IT IS IN COMPLIANCE WITH THE FOREGOING AND WILL BE FURTHER DEEMED TO REPRESENT, WARRANT AND COVENANT THAT IT WILL NOT SELL, PLEDGE OR OTHERWISE TRANSFER SUCH ERISA-RESTRICTED CERTIFICATE IN VIOLATION OF THE FOREGOING.
ANY PURPORTED CERTIFICATE OWNER WHOSE ACQUISITION OR HOLDING OF THIS CERTIFICATE (OR INTEREST THEREIN) WAS EFFECTED IN VIOLATION OF THE RESTRICTIONS IN SECTION 3.03 OF THE AGREEMENT SHALL INDEMNIFY AND HOLD HARMLESS THE CERTIFICATE REGISTRAR, THE DEPOSITOR, THE TRUSTEE AND THE TRUST FUND FROM AND AGAINST ANY AND ALL LIABILITIES, CLAIMS, COSTS OR EXPENSES INCURRED BY SUCH PARTIES AS A RESULT OF SUCH ACQUISITION OR HOLDING.
A-67 |
SEQUOIA MORTGAGE TRUST 2012-5
MORTGAGE PASS-THROUGH CERTIFICATES, CLASS R
Evidencing a beneficial interest in a pool of residential mortgage loans and any other assets established by
SEQUOIA RESIDENTIAL FUNDING, INC.
Percentage Interest of this | |
Certificate: 100% | |
Cut-off Date: October 1, 2012 | |
Certificate Interest Rate: Adjustable | |
Final Scheduled Distribution | |
Date: November 2042 | |
CUSIP: 81744V AH1 | |
NUMBER 1 |
A-68 |
THIS CERTIFIES THAT NIMER & CO. is the registered owner of the Percentage Interest evidenced by this Certificate in a Trust Fund, the assets of which consist of the Mortgage Loans and all interest and principal received thereon after the Cut-off Date (other than Scheduled Payments due on or prior to the Cut-off Date), the rights of the Seller and the Depositor assigned to the Trustee under each Purchase Agreement, each Servicing Agreement, the Mortgage Loan Purchase and Sale Agreement, the Insurance Policies relating to the Mortgage Loans, all cash, instruments or property held or required to be held in the Custodial Accounts and the Distribution Account and property that secured a Mortgage Loan; and certain other assets, if any, as described in the Pooling and Servicing Agreement (the foregoing assets hereinafter collectively referred to as the “Trust Fund”).
Distributions on this Certificate will be made on the 25th day of each month or, if such day is not a Business Day, then on the succeeding Business Day, commencing in November 2012 (each, a “Distribution Date”), to the Person in whose name this Certificate is registered at the close of business on the last Business Day preceding such Distribution Date (the “Record Date”), in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount, if any, required to be distributed to all Certificates of the Class represented by this Certificate. All sums distributable on this Certificate are payable in the coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts.
Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which shall have the same effect as though fully set forth on the face of this Certificate.
Unless the certificate of authentication hereon has been executed by or on behalf of the Authenticating Agent, whose name appears below by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose.
A-69 |
IN WITNESS WHEREOF, Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee, has caused this Certificate to be duly executed.
CHRISTIANA TRUST, A DIVISION OF WILMINGTON SAVINGS FUND SOCIETY, FSB, | ||
as Trustee | ||
By: | ||
AUTHORIZED SIGNATORY | ||
Dated: |
CERTIFICATE AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Pooling and Servicing Agreement.
WELLS FARGO BANK, N.A., | ||
as Authenticating Agent | ||
By: | ||
AUTHORIZED SIGNATORY | ||
Dated: |
A-70 |
SEQUOIA MORTGAGE TRUST 2012-5
MORTGAGE PASS-THROUGH CERTIFICATE
This Certificate is one of a duly authorized issue of certificates designated as Sequoia Mortgage Trust 2012-5 Mortgage Pass-Through Certificates (the “Certificates”), representing all or part of a beneficial ownership interest in a Trust Fund established pursuant to a Pooling and Servicing Agreement, dated as of October 1, 2012 (the “Pooling and Servicing Agreement”), among Sequoia Residential Funding, Inc., as depositor (the “Depositor”), Wells Fargo Bank, N.A., as master servicer (in such capacity, the “Master Servicer”) and as securities administrator (in such capacity, the “Securities Administrator”) and Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee (the “Trustee”), to which terms, provisions and conditions thereof the Holder of this Certificate by virtue of the acceptance hereof assents, and by which such Holder is bound. Except as otherwise defined herein, all capitalized terms used herein shall have the meanings ascribed to them in the Pooling and Servicing Agreement. The Certificates consist of the following Classes: Class A, Class R, Class LT-R, Class A-IO, Class B-1, Class B-2, Class B-3, Class B-4, and Class B-5.
On each Distribution Date, the Paying Agent, on behalf of the Trustee, will make distributions from the Distribution Account to the Holders of Certificates according to the terms of the Pooling and Servicing Agreement. All distributions or allocations made with respect to each Class of Certificates on each Distribution Date shall be allocated among the outstanding Certificates of such Class based on the Certificate Principal Amount (or Notional Amount) of each such Certificate.
Distributions on this Certificate will be made by check mailed to the Holder of record of this Certificate on the immediately preceding Record Date at the address of such Holder as it appears on the Certificate Register or, upon written request made to the Securities Administrator at least five Business Days prior to the related Record Date, by any Certificateholder owning an aggregate initial Certificate Principal Amount of at least $1,000,000 or, in the case of a Class of Interest-Only Certificates and any Residual Certificate, a Percentage Interest of 100%, by wire transfer in immediately available funds to an account specified in such request and at the expense of such Certificateholder requesting such wire transfer by deducting a wire transfer fee from the related distribution; provided, however, that the final distribution in respect of any Certificate shall be made only upon presentation and surrender of such Certificate at the Corporate Trust Office (as defined below); provided, further, that the foregoing provisions shall not apply to any Certificate as long as such Certificate remains a Book-Entry Certificate, in which case all payments made shall be made through the Clearing Agency and its Clearing Agency Participants. Notwithstanding such final payment of principal of any of the Certificates, each Residual Certificate will remain outstanding until the termination of the related REMIC or REMICs and the payment in full of all other amounts due with respect to the Residual Certificates and at such time such final payment in retirement of any Residual Certificate will be made only upon presentation and surrender of such Certificate at the Corporate Trust Office.
The Corporate Trust Office with respect to the presentment and surrender of Certificates for the final distribution thereon is the corporate trust office of the Certificate Registrar at Sixth Street and Marquette Avenue, Minneapolis, Minnesota 55479, Attention: Corporate Trust Services — Sequoia Mortgage Trust 2012-5 or at such other address as the Securities Administrator may designate from time to time.
A-71 |
The Pooling and Servicing Agreement may be amended by the Trustee, the Master Servicer, the Securities Administrator, and the Depositor with the consent of the Holders of not less than 66-2/3% of the Class Principal Amount or Class Notional Amount (or Percentage Interest) of each Class of Certificates affected thereby for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders; provided, however, that no such amendment shall be made unless the Trustee and the Securities Administrator receive an Opinion of Counsel, at the expense of the party requesting the change, that such change will not cause an Adverse REMIC Event; and provided further, that no such amendment may (i) reduce in any manner the amount of, or delay the timing of, payments received on Mortgage Loans which are required to be distributed on any Certificate, without the consent of the Holder of such Certificate or (ii) reduce the aforesaid percentages of Class Principal Amount or Class Notional Amount (or Percentage Interest) of Certificates of each Class, the Holders of which are required to consent to any such amendment without the consent of the Holders of 100% of the Class Principal Amount or Class Notional Amount (or Percentage Interest) of each Class of Certificates affected thereby. For purposes of this paragraph, references to “Holder” or “Holders” shall be deemed to include, in the case of any Class of Book-Entry Certificates, the related Certificate Owners. Any consent by the Holder of this Certificate will be conclusive and binding upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not consent is made with respect to such Certificate. The Pooling and Servicing Agreement also permits the amendment thereof in certain limited circumstances without the consent of the Holders.
As provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the Certificate Register upon surrender of this Certificate for registration of transfer at the Corporate Trust Office, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to, the Certificate Registrar duly executed by the Holder thereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class of authorized denominations evidencing the same initial Certificate Principal Amount (or Notional Amount) will be issued to the designated transferee or transferees. As provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, this Certificate is exchangeable for new Certificates of the same Class evidencing the same aggregate initial Certificate Principal Amount (or Notional Amount) as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange, but the Certificate Registrar may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any exchange of Certificates.
A-72 |
The Class A, Class B-1, Class B-2, Class B-3, Class B-4, and Class B-5 Certificates are issuable only in registered form in minimum denominations of $100,000 in initial Certificate Principal Amount in integral multiples of $1 in excess thereof and, in the case of the Class A, Class B-1, Class B-2 and Class B-3 Certificates, will be registered in the name of the nominee of the Clearing Agency, which shall maintain such Certificates through its book-entry facilities and, in the case of the Class B-4 and Class B-5 Certificates, will be maintained in physical form. The Class A-IO Certificates are issuable only as a single Certificate representing the entire Percentage Interest in that class and will be registered in the name of the nominee of the Clearing Agency, which shall maintain such Certificates through its book-entry facilities. The Class R and Class LT-R Certificates will each be issued as a single Certificate representing the entire Percentage Interest in that Class and will be maintained in physical form. The Certificates shall remain outstanding until the final Distribution Date for the Certificates.
On any date on which the Aggregate Stated Principal Balance of the Mortgage Loans has declined to less than 10% of the initial Aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, subject to satisfaction of the conditions described in the Pooling and Servicing Agreement, the Master Servicer may purchase all of the Mortgage Loans from the Trust Fund, thereby causing an early retirement of the Certificates.
In no event will the trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the death of the last survivor of the descendants living at the date of the Pooling and Servicing Agreement of a certain person named in the Pooling and Servicing Agreement.
The Depositor, the Trustee, the Securities Administrator, the Master Servicer, the Certificate Registrar and any agent of any of them may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Trustee, the Securities Administrator, the Master Servicer, the Certificate Registrar or any such agent shall be affected by any notice to the contrary.
As provided in the Pooling and Servicing Agreement, this Certificate and the Pooling and Servicing Agreement shall be construed in accordance with and governed by the laws of the State of New York without regard to the conflict of laws principles applied in the State of New York. In the event of any conflict between the provisions of this Certificate and the Pooling and Servicing Agreement, the Pooling and Servicing Agreement shall be controlling.
A-73 |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s) and assign(s) and transfer(s) unto
(Please print or type name and address, including postal zip code, of assignee and social security number or employer identification number)
the within Certificate stating in the names of the undersigned in the Certificate Register and does hereby irrevocably constitute and appoint
to transfer such Certificate in such Certificate Register.
I [we] further direct the Certificate Registrar to issue a new Certificate of the same Class of like principal to the above-named assignee and deliver such Certificate to the following address:
Dated: | |||
Signature by or on behalf of Assignor | |||
Authorized Officer | Signature Guaranteed | ||
Name of Institution | NOTICE: The signature(s) of this assignment must correspond with the name(s) on the face of this Certificate without alteration or any change whatsoever. The signature must be guaranteed by a participant in the Securities Transfer Agents Medallion Program, the New York Stock Exchange Medallion Signature Program or the Stock Exchanges Medallion Program. Notarized or witnessed signatures are not acceptable as guaranteed signatures. |
A-74 |
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for the information of the Certificate Registrar. Distributions shall be made by wire transfer in immediately available funds to
for the account of |
account number or, if mailed by check, to |
Applicable reports and statements should be mailed to |
This information is provided by |
the assignee named above, or as its agent. |
A-75 |
THIS CERTIFICATE IS A REMIC RESIDUAL INTEREST CERTIFICATE. THIS CERTIFICATE DOES NOT EVIDENCE AN OBLIGATION OF, OR AN INTEREST IN, AND IS NOT GUARANTEED BY, THE DEPOSITOR, THE TRUSTEE, THE SECURITIES ADMINISTRATOR, THE MASTER SERVICER OR ANY AFFILIATE OF ANY OF THEM AND IS NOT INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR PRIVATE INSURER.
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT"), OR ANY STATE SECURITIES LAWS. NEITHER THIS CERTIFICATE NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION, UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION.
THE HOLDER OF THIS CERTIFICATE BY ITS ACCEPTANCE HEREOF AGREES TO OFFER, SELL OR OTHERWISE TRANSFER SUCH CERTIFICATE ONLY (A) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE 1933 ACT, (B) TO PERSON IT REASONABLY BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A UNDER THE 1933 ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, OR (C) TO AN INSTITUTIONAL "ACCREDITED INVESTOR" WITHIN THE MEANING OF SUBPARAGRAPH (A)(1), (2), (3) OR (7) OF RULE 501 UNDER THE 1933 ACT THAT IS ACQUIRING THE CERTIFICATE FOR ITS OWN ACCOUNT, OR FOR THE ACCOUNT OF SUCH AN INSTITUTIONAL "ACCREDITED INVESTOR," FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION VIOLATION OF THE 1933 ACT, SUBJECT TO THE CERTIFICATE REGISTRAR'S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER TO REQUIRE THE DELIVERY OF A CERTIFICATE OF TRANSFER IN THE FORM APPEARING IN THE POOLING AND SERVICING AGREEMENT.
A-76 |
ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY IF THE PROPOSED TRANSFEREE PROVIDES A TRANSFER AFFIDAVIT TO THE DEPOSITOR AND THE TRUSTEE THAT (1) SUCH TRANSFEREE IS NOT EITHER (A) THE UNITED STATES, ANY STATE OR POLITICAL SUBDIVISION THEREOF, ANY FOREIGN GOVERNMENT, ANY INTERNATIONAL ORGANIZATION, OR ANY AGENCY OR INSTRUMENTALITY OF ANY OF THE FOREGOING, (B) ANY ORGANIZATION (OTHER THAN A COOPERATIVE DESCRIBED IN SECTION 521 OF THE CODE) WHICH IS EXEMPT FROM THE TAX IMPOSED BY CHAPTER 1 OF THE CODE UNLESS SUCH ORGANIZATION IS SUBJECT TO THE TAX IMPOSED BY SECTION 511 OF THE CODE, (C) ANY ORGANIZATION DESCRIBED IN SECTION 1381(a)(2)(C) OF THE CODE, (D) AN ELECTING LARGE-PARTNERSHIP WITHIN THE MEANING OF SECTION 775 OF THE CODE (ANY SUCH PERSON DESCRIBED IN THE FOREGOING CLAUSES (A), (B), (C) OR (D) BEING HEREINAFTER REFERRED TO AS A “DISQUALIFIED ORGANIZATION”), OR (E) AN AGENT OF A DISQUALIFIED ORGANIZATION AND (2) NO PURPOSE OF SUCH TRANSFER IS TO ENABLE THE TRANSFEROR TO IMPEDE THE ASSESSMENT OR COLLECTION OF TAX. SUCH AFFIDAVIT SHALL INCLUDE CERTAIN REPRESENTATIONS AS TO THE FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE AND ITS STATUS AS A NON-US PERSON (IF APPLICABLE). NOTWITHSTANDING THE REGISTRATION IN THE CERTIFICATE REGISTER OF ANY TRANSFER, SALE OR OTHER DISPOSITION OF THIS CLASS LT-R CERTIFICATE TO A DISQUALIFIED ORGANIZATION OR AN AGENT OF A DISQUALIFIED ORGANIZATION, SUCH REGISTRATION SHALL BE DEEMED TO BE OF NO LEGAL FORCE OR EFFECT WHATSOEVER AND SUCH PERSON SHALL NOT BE DEEMED TO BE A CERTIFICATEHOLDER FOR ANY PURPOSE HEREUNDER, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF DISTRIBUTIONS ON THIS CERTIFICATE. EACH HOLDER OF THE CLASS LT-R CERTIFICATE BY ACCEPTANCE OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE CONSENTED TO THE PROVISIONS OF THIS PARAGRAPH.
NO TRANSFER OF THIS CERTIFICATE OR ANY INTEREST THEREIN SHALL BE MADE TO ANY EMPLOYEE BENEFIT PLAN OR OTHER PLAN OR ARRANGEMENT SUBJECT TO THE PROHIBITED TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR SECTION 4975 OF THE CODE, OR ANY PERSON (INCLUDING AN INSURANCE COMPANY INVESTING ITS GENERAL ACCOUNT, AN INVESTMENT MANAGER, A NAMED FIDUCIARY OR A TRUSTEE OF ANY SUCH PLAN) WHO IS USING “PLAN ASSETS” OF ANY SUCH PLAN TO EFFECT SUCH ACQUISITION. EACH INVESTOR IN THIS CERTIFICATE WILL BE DEEMED TO REPRESENT THAT IT IS IN COMPLIANCE WITH THE FOREGOING AND WILL BE FURTHER DEEMED TO REPRESENT, WARRANT AND COVENANT THAT IT WILL NOT SELL, PLEDGE OR OTHERWISE TRANSFER SUCH ERISA-RESTRICTED CERTIFICATE IN VIOLATION OF THE FOREGOING.
ANY PURPORTED CERTIFICATE OWNER WHOSE ACQUISITION OR HOLDING OF THIS CERTIFICATE (OR INTEREST THEREIN) WAS EFFECTED IN VIOLATION OF THE RESTRICTIONS IN SECTION 3.03 OF THE AGREEMENT SHALL INDEMNIFY AND HOLD HARMLESS THE CERTIFICATE REGISTRAR, THE DEPOSITOR, THE TRUSTEE AND THE TRUST FUND FROM AND AGAINST ANY AND ALL LIABILITIES, CLAIMS, COSTS OR EXPENSES INCURRED BY SUCH PARTIES AS A RESULT OF SUCH ACQUISITION OR HOLDING.
A-77 |
SEQUOIA MORTGAGE TRUST 2012-5
MORTGAGE PASS-THROUGH CERTIFICATES, CLASS LT-R
Evidencing a beneficial interest in a pool of residential mortgage loans and any other assets established by
SEQUOIA RESIDENTIAL FUNDING, INC.
Percentage Interest of this | |
Certificate: 100% | |
Cut-off Date: October 1, 2012 | |
Certificate Interest Rate: Adjustable | |
Final Scheduled Distribution | |
Date: November 2042 | |
CUSIP: 81744V AJ7 | |
NUMBER 1 |
A-78 |
THIS CERTIFIES THAT NIMER & CO. is the registered owner of the Percentage Interest evidenced by this Certificate in a Trust Fund, the assets of which consist of the Mortgage Loans and all interest and principal received thereon after the Cut-off Date (other than Scheduled Payments due on or prior to the Cut-off Date), the rights of the Seller and the Depositor assigned to the Trustee under each Purchase Agreement, each Servicing Agreement, the Mortgage Loan Purchase and Sale Agreement, the Insurance Policies relating to the Mortgage Loans, all cash, instruments or property held or required to be held in the Custodial Accounts and the Distribution Account and property that secured a Mortgage Loan; and certain other assets, if any, as described in the Pooling and Servicing Agreement (the foregoing assets hereinafter collectively referred to as the “Trust Fund”).
Distributions on this Certificate will be made on the 25th day of each month or, if such day is not a Business Day, then on the succeeding Business Day, commencing in November 2012 (each, a “Distribution Date”), to the Person in whose name this Certificate is registered at the close of business on the last Business Day preceding such Distribution Date (the “Record Date”), in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount, if any, required to be distributed to all Certificates of the Class represented by this Certificate. All sums distributable on this Certificate are payable in the coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts.
Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which shall have the same effect as though fully set forth on the face of this Certificate.
Unless the certificate of authentication hereon has been executed by or on behalf of the Authenticating Agent, whose name appears below by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose.
A-79 |
IN WITNESS WHEREOF, Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee, has caused this Certificate to be duly executed.
CHRISTIANA TRUST, A DIVISION OF WILMINGTON SAVINGS FUND SOCIETY, FSB, | ||
as Trustee | ||
By: | ||
AUTHORIZED SIGNATORY | ||
Dated: |
CERTIFICATE AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Pooling and Servicing Agreement.
WELLS FARGO BANK, N.A., | ||
as Authenticating Agent | ||
By: | ||
AUTHORIZED SIGNATORY | ||
Dated: |
A-80 |
SEQUOIA MORTGAGE TRUST 2012-5
MORTGAGE PASS-THROUGH CERTIFICATE
This Certificate is one of a duly authorized issue of certificates designated as Sequoia Mortgage Trust 2012-5 Mortgage Pass-Through Certificates (the “Certificates”), representing all or part of a beneficial ownership interest in a Trust Fund established pursuant to a Pooling and Servicing Agreement, dated as of October 1, 2012 (the “Pooling and Servicing Agreement”), among Sequoia Residential Funding, Inc., as depositor (the “Depositor”), Wells Fargo Bank, N.A., as master servicer (in such capacity, the “Master Servicer”) and as securities administrator (in such capacity, the “Securities Administrator”) and Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee (the “Trustee”), to which terms, provisions and conditions thereof the Holder of this Certificate by virtue of the acceptance hereof assents, and by which such Holder is bound. Except as otherwise defined herein, all capitalized terms used herein shall have the meanings ascribed to them in the Pooling and Servicing Agreement. The Certificates consist of the following Classes: Class A, Class R, Class LT-R, Class A-IO, Class B-1, Class B-2, Class B-3, Class B-4, and Class B-5.
On each Distribution Date, the Paying Agent, on behalf of the Trustee, will make distributions from the Distribution Account to the Holders of Certificates according to the terms of the Pooling and Servicing Agreement. All distributions or allocations made with respect to each Class of Certificates on each Distribution Date shall be allocated among the outstanding Certificates of such Class based on the Certificate Principal Amount (or Notional Amount) of each such Certificate.
Distributions on this Certificate will be made by check mailed to the Holder of record of this Certificate on the immediately preceding Record Date at the address of such Holder as it appears on the Certificate Register or, upon written request made to the Securities Administrator at least five Business Days prior to the related Record Date, by any Certificateholder owning an aggregate initial Certificate Principal Amount of at least $1,000,000 or, in the case of a Class of Interest-Only Certificates and any Residual Certificate, a Percentage Interest of 100%, by wire transfer in immediately available funds to an account specified in such request and at the expense of such Certificateholder requesting such wire transfer by deducting a wire transfer fee from the related distribution; provided, however, that the final distribution in respect of any Certificate shall be made only upon presentation and surrender of such Certificate at the Corporate Trust Office (as defined below); provided, further, that the foregoing provisions shall not apply to any Certificate as long as such Certificate remains a Book-Entry Certificate, in which case all payments made shall be made through the Clearing Agency and its Clearing Agency Participants. Notwithstanding such final payment of principal of any of the Certificates, each Residual Certificate will remain outstanding until the termination of the related REMIC or REMICs and the payment in full of all other amounts due with respect to the Residual Certificates and at such time such final payment in retirement of any Residual Certificate will be made only upon presentation and surrender of such Certificate at the Corporate Trust Office.
The Corporate Trust Office with respect to the presentment and surrender of Certificates for the final distribution thereon is the corporate trust office of the Certificate Registrar at Sixth Street and Marquette Avenue, Minneapolis, Minnesota 55479, Attention: Corporate Trust Services — Sequoia Mortgage Trust 2012-5 or at such other address as the Securities Administrator may designate from time to time.
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The Pooling and Servicing Agreement may be amended by the Trustee, the Master Servicer, the Securities Administrator, and the Depositor with the consent of the Holders of not less than 66-2/3% of the Class Principal Amount or Class Notional Amount (or Percentage Interest) of each Class of Certificates affected thereby for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders; provided, however, that no such amendment shall be made unless the Trustee and the Securities Administrator receive an Opinion of Counsel, at the expense of the party requesting the change, that such change will not cause an Adverse REMIC Event; and provided further, that no such amendment may (i) reduce in any manner the amount of, or delay the timing of, payments received on Mortgage Loans which are required to be distributed on any Certificate, without the consent of the Holder of such Certificate or (ii) reduce the aforesaid percentages of Class Principal Amount or Class Notional Amount (or Percentage Interest) of Certificates of each Class, the Holders of which are required to consent to any such amendment without the consent of the Holders of 100% of the Class Principal Amount or Class Notional Amount (or Percentage Interest) of each Class of Certificates affected thereby. For purposes of this paragraph, references to “Holder” or “Holders” shall be deemed to include, in the case of any Class of Book-Entry Certificates, the related Certificate Owners. Any consent by the Holder of this Certificate will be conclusive and binding upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not consent is made with respect to such Certificate. The Pooling and Servicing Agreement also permits the amendment thereof in certain limited circumstances without the consent of the Holders.
As provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the Certificate Register upon surrender of this Certificate for registration of transfer at the Corporate Trust Office, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to, the Certificate Registrar duly executed by the Holder thereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class of authorized denominations evidencing the same initial Certificate Principal Amount (or Notional Amount) will be issued to the designated transferee or transferees. As provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, this Certificate is exchangeable for new Certificates of the same Class evidencing the same aggregate initial Certificate Principal Amount (or Notional Amount) as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange, but the Certificate Registrar may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any exchange of Certificates.
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The Class A, Class B-1, Class B-2, Class B-3, Class B-4, and Class B-5 Certificates are issuable only in registered form in minimum denominations of $100,000 in initial Certificate Principal Amount in integral multiples of $1 in excess thereof and, in the case of the Class A, Class B-1, Class B-2 and Class B-3 Certificates, will be registered in the name of the nominee of the Clearing Agency, which shall maintain such Certificates through its book-entry facilities and, in the case of the Class B-4 and Class B-5 Certificates, will be maintained in physical form. The Class A-IO Certificates are issuable only as a single Certificate representing the entire Percentage Interest in that class and will be registered in the name of the nominee of the Clearing Agency, which shall maintain such Certificates through its book-entry facilities. The Class R and Class LT-R Certificates will each be issued as a single Certificate representing the entire Percentage Interest in that Class and will be maintained in physical form. The Certificates shall remain outstanding until the final Distribution Date for the Certificates.
On any date on which the Aggregate Stated Principal Balance of the Mortgage Loans has declined to less than 10% of the initial Aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, subject to satisfaction of the conditions described in the Pooling and Servicing Agreement, the Master Servicer may purchase all of the Mortgage Loans from the Trust Fund, thereby causing an early retirement of the Certificates.
In no event will the trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the death of the last survivor of the descendants living at the date of the Pooling and Servicing Agreement of a certain person named in the Pooling and Servicing Agreement.
The Depositor, the Trustee, the Securities Administrator, the Master Servicer, the Certificate Registrar and any agent of any of them may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Trustee, the Securities Administrator, the Master Servicer, the Certificate Registrar or any such agent shall be affected by any notice to the contrary.
As provided in the Pooling and Servicing Agreement, this Certificate and the Pooling and Servicing Agreement shall be construed in accordance with and governed by the laws of the State of New York without regard to the conflict of laws principles applied in the State of New York. In the event of any conflict between the provisions of this Certificate and the Pooling and Servicing Agreement, the Pooling and Servicing Agreement shall be controlling.
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ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s) and assign(s) and transfer(s) unto
(Please print or type name and address, including postal zip code, of assignee and social security number or employer identification number)
the within Certificate stating in the names of the undersigned in the Certificate Register and does hereby irrevocably constitute and appoint
to transfer such Certificate in such Certificate Register.
I [we] further direct the Certificate Registrar to issue a new Certificate of the same Class of like principal to the above-named assignee and deliver such Certificate to the following address:
Dated: | |||
Signature by or on behalf of Assignor | |||
Authorized Officer | Signature Guaranteed | ||
Name of Institution | NOTICE: The signature(s) of this assignment must correspond with the name(s) on the face of this Certificate without alteration or any change whatsoever. The signature must be guaranteed by a participant in the Securities Transfer Agents Medallion Program, the New York Stock Exchange Medallion Signature Program or the Stock Exchanges Medallion Program. Notarized or witnessed signatures are not acceptable as guaranteed signatures. |
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DISTRIBUTION INSTRUCTIONS
The assignee should include the following for the information of the Certificate Registrar. Distributions shall be made by wire transfer in immediately available funds to
for the account of |
account number or, if mailed by check, to |
Applicable reports and statements should be mailed to |
This information is provided by |
the assignee named above, or as its agent. |
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EXHIBIT B
FORM OF RESIDUAL CERTIFICATE TRANSFER AFFIDAVIT (TRANSFEREE)
STATE OF | ) |
) ss.: | |
COUNTY OF | ) |
[NAME OF OFFICER], _________________ being first duly sworn, deposes and says:
1. | That he [she] is [title of officer] ________________________ of [name of Purchaser] _________________________________________ (the “Purchaser”), a _______________________ [description of type of entity] duly organized and existing under the laws of the [State of __________] [United States], on behalf of which he [she] makes this affidavit. |
2. | That the Purchaser’s Taxpayer Identification Number is [ ]. |
3. | That the Purchaser is not a “disqualified organization” within the meaning of Section 860E(e)(5) of the Internal Revenue Code of 1986, as amended (the “Code”) and will not be a “disqualified organization” as of [date of transfer], and that the Purchaser is not acquiring a Residual Certificate (as defined in the Agreement) for the account of, or as agent (including a broker, nominee, or other middleman) for, any person or entity from which it has not received an affidavit substantially in the form of this affidavit. For these purposes, a “disqualified organization” means the United States, any state or political subdivision thereof, any foreign government, any international organization, any agency or instrumentality of any of the foregoing (other than an instrumentality if all of its activities are subject to tax and a majority of its board of directors is not selected by such governmental entity), any cooperative organization furnishing electric energy or providing telephone service to persons in rural areas as described in Code Section 1381(a)(2)(C), any “electing large partnership” within the meaning of Section 775 of the Code, or any organization (other than a farmers’ cooperative described in Code Section 521) that is exempt from federal income tax unless such organization is subject to the tax on unrelated business income imposed by Code Section 511. |
4. | That the Purchaser is not, and on __________________ [date of transfer] will not be, an employee benefit plan or other retirement arrangement subject to Section 406 of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), or Section 4975 of the Code (“Code”), (collectively, a “Plan”) or a person acting on behalf of any such Plan or investing the assets of any such Plan to acquire a Residual Certificate. |
5. | That the Purchaser hereby acknowledges that under the terms of the Pooling and Servicing Agreement, dated as of October 1, 2012 (the “Agreement”), by and among Sequoia Residential Funding, Inc., as Depositor, Wells Fargo Bank, N.A., as Master Servicer and Securities Administrator and Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee with respect to Sequoia Mortgage Trust 2012-5 Mortgage Pass-Through Certificates, no transfer of the Residual Certificates shall be permitted to be made to any person unless the Certificate Registrar has received a certificate from such transferee containing the representations in paragraphs 3 and 4 hereof. |
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6. | That the Purchaser does not hold REMIC residual securities as nominee to facilitate the clearance and settlement of such securities through electronic book-entry changes in accounts of participating organizations (such entity, a “Book-Entry Nominee”). |
7. | That the Purchaser does not have the intention to impede the assessment or collection of any federal, state or local taxes legally required to be paid with respect to such Residual Certificate. |
8. | That the Purchaser will not transfer a Residual Certificate to any person or entity (i) as to which the Purchaser has actual knowledge that the requirements set forth in paragraph 3, paragraph 6 or paragraph 10 hereof are not satisfied or that the Purchaser has reason to believe does not satisfy the requirements set forth in paragraph 7 hereof, and (ii) without obtaining from the prospective Purchaser an affidavit substantially in this form and providing to the Certificate Registrar a written statement substantially in the form of Exhibit C to the Agreement. |
9. | That the Purchaser understands that, as the holder of a Residual Certificate, the Purchaser may incur tax liabilities in excess of any cash flows generated by the interest and that the Purchaser has and expects to have sufficient net worth and/or liquidity to pay in full any tax liabilities attributable to ownership of a Residual Certificate and intends to pay taxes associated with holding such Residual Certificate as they become due. |
10. | That the Purchaser (i) is not a Non-U.S. Person or (ii) is a Non-U.S. Person that holds a Residual Certificate in connection with the conduct of a trade or business within the United States and has furnished the transferor and the Certificate Registrar with an effective Internal Revenue Service Form W-8ECI (Certificate of Foreign Person’s Claim for Exemption From Withholding on Income Effectively Connected With the Conduct of a Trade or Business in the United States) or successor form at the time and in the manner required by the Code or (iii) is a Non-U.S. Person that has delivered to the transferor, the Depositor and the Certificate Registrar an opinion of a nationally recognized tax counsel to the effect that the transfer of such Residual Certificate to it is in accordance with the requirements of the Code and the regulations promulgated thereunder and that such transfer of a Residual Certificate will not be disregarded for federal income tax purposes. “Non-U.S. Person” means an individual, corporation, partnership or other person other than (i) a citizen or resident of the United States; (ii) a corporation, partnership or other entity created or organized in or under the laws of the United States or any state thereof, including for this purpose, the District of Columbia; (iii) an estate that is subject to U.S. federal income tax regardless of the source of its income; (iv) a trust if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more United States trustees have authority to control all substantial decisions of the trust; and, (v) to the extent provided in Treasury regulations, certain trusts in existence on August 20, 1996 that are treated as United States persons prior to such date and elect to continue to be treated as United States persons. |
11. | The Purchaser will not cause income from the Residual Certificate to be attributable to a foreign permanent establishment or fixed base of the Purchaser or another U.S. taxpayer. |
12. | That the Purchaser agrees to such amendments of the Agreement as may be required to further effectuate the restrictions on transfer of any Residual Certificate to such a “disqualified organization,” an agent thereof, a Book-Entry Nominee, or a person that does not satisfy the requirements of paragraph 7 and paragraph 10 hereof. |
13. | That the Purchaser consents to the designation of the Securities Administrator to act as |
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agent for the “tax matters person” of each REMIC created by the Trust Fund pursuant to the Agreement.
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IN WITNESS WHEREOF, the Purchaser has caused this instrument to be executed on its behalf, pursuant to authority of its Board of Directors, by its [title of officer] this _____ day of __________ 20__.
[name of Purchaser] | ||
By: | ||
Name: | ||
Title: |
Personally appeared before me the above-named [name of officer] ________________, known or proved to me to be the same person who executed the foregoing instrument and to be the [title of officer] _________________ of the Purchaser, and acknowledged to me that he [she] executed the same as his [her] free act and deed and the free act and deed of the Purchaser.
Subscribed and sworn before me this _____ day of __________ 20__.
NOTARY PUBLIC
______________________________
COUNTY OF_____________________
STATE OF______________________
My commission expires the _____ day of __________ 20__.
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EXHIBIT C
RESIDUAL CERTIFICATE TRANSFER AFFIDAVIT (TRANSFEROR)
____________________________
Date
Re: | Sequoia Mortgage Trust 2012-5 |
Mortgage Pass-Through Certificates
_______________________ (the “Transferor”) has reviewed the attached affidavit of _____________________________ (the “Transferee”), and has no actual knowledge that such affidavit is not true and has no reason to believe that the information contained in paragraph 7 thereof is not true, and has no reason to believe that the Transferee has the intention to impede the assessment or collection of any federal, state or local taxes legally required to be paid with respect to a Residual Certificate. In addition, the Transferor has conducted a reasonable investigation at the time of the transfer and found that the Transferee had historically paid its debts as they came due and found no significant evidence to indicate that the Transferee will not continue to pay its debts as they become due.
Very truly yours,
Name: | |
Title: |
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EXHIBIT D
FORM OF CUSTODIAL AGREEMENT
D-1 |
EXHIBIT E-1
FORM OF RULE 144A TRANSFER CERTIFICATE
Re: | Sequoia Mortgage Trust 2012-5 |
Mortgage Pass-Through Certificates
Reference is hereby made to the Pooling and Servicing Agreement, dated as of October 1, 2012 (the “Pooling and Servicing Agreement”), by and among Sequoia Residential Funding, Inc., as Depositor, Wells Fargo Bank, N.A., as Master Servicer and Securities Administrator and Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Pooling and Servicing Agreement.
This letter relates to $__________ initial Certificate Principal Amount or Class Notional Amount, as applicable, of Class _____ Certificates which are held in the form of Definitive Certificates registered in the name of ______________ (the “Transferor”). The Transferor has requested a transfer of such Definitive Certificates for Definitive Certificates of such Class registered in the name of [insert name of transferee].
In connection with such request, and in respect of such Certificates, the Transferor hereby certifies that such Certificates are being transferred in accordance with (i) the transfer restrictions set forth in the Pooling and Servicing Agreement and the Certificates and (ii) Rule 144A under the Securities Act to a purchaser that the Transferor reasonably believes is a “qualified institutional buyer” within the meaning of Rule 144A purchasing for its own account or for the account of a “qualified institutional buyer,” which purchaser is aware that the sale to it is being made in reliance upon Rule 144A, in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any state of the United States or any other applicable jurisdiction.
This certificate and the statements contained herein are made for your benefit and the benefit of the Underwriters, the Depositor and the Certificate Registrar.
[Name of Transferor] | ||
By: | ||
Name: | ||
Title: |
Dated: ___________, ____
E-1-1 |
EXHIBIT E-2
FORM OF PURCHASER’S LETTER FOR
QUALIFIED INSTITUTIONAL BUYER
Date
Ladies and Gentlemen:
In connection with our proposed purchase of $______________Class Principal Amount or Class Notional Amount, as applicable, of Sequoia Mortgage Trust 2012-5 Mortgage Pass-Through Certificates, Class [___] (the “Restricted Certificates”), we confirm that:
(1) | We understand that the Restricted Certificates have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Securities Act”), and may not be sold except as permitted in the following sentence. We agree, on our own behalf and on behalf of any accounts for which we are acting as hereinafter stated, that if we should sell any Restricted Certificates we will do so only (A) to the Depositor, (B) to “qualified institutional buyers” (within the meaning of Rule 144A under the Securities Act) in accordance with Rule 144A under the Securities Act (“QIBs”), (C) pursuant to the exemption from registration provided by Rule 144 under the Securities Act, or (D) to an institutional “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act that is not a QIB (an “Institutional Accredited Investor”) which, in the case of (B) or (D) above, prior to such transfer, delivers to the Certificate Registrar under the Pooling and Servicing Agreement, dated as of October 1, 2012 (the “Agreement”), by and among Sequoia Residential Funding, Inc., as Depositor, Wells Fargo Bank, N.A., as Master Servicer and Securities Administrator and Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee, a signed letter in the form of this letter; and we further agree, in the capacities stated above, to provide to any person purchasing any of the Restricted Certificates from us a notice advising such purchaser that resales of the Restricted Certificates are restricted as stated herein. |
(2) | We understand that, in connection with any proposed resale of any Restricted Certificates to QIB, we will be required to furnish to the Certificate Registrar a certification from such transferee in the form hereof to confirm that the proposed sale is being made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. We further understand that the Restricted Certificates purchased by us will bear a legend to the foregoing effect. |
(3) | We are acquiring the Restricted Certificates for investment purposes and not with a view to, or for offer or sale in connection with, any distribution in violation of the Securities Act. We have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of our investment in the Restricted Certificates, and we and any account for which we are acting are each able to bear the economic risk of such investment. |
(4) | We are a QIB and we are acquiring the Restricted Certificates purchased by us for our own account or for one or more accounts (each of which is a QIB) as to each of which we exercise sole investment discretion. |
(5) | We have received such information as we deem necessary in order to make our investment decision. |
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(6) | If we are acquiring ERISA-Restricted Certificates, we understand that in accordance with ERISA, the Code and the Underwriter's Exemption, no Plan and no person acting on behalf of such a Plan may acquire such Certificate except in accordance with Section 3.03(d) of the Agreement. |
Terms used in this letter which are not otherwise defined herein have the respective meanings assigned thereto in the Agreement.
You are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby.
Very truly yours, | ||
[Purchaser] | ||
By: | ||
Name: | ||
Title: |
E-2-2 |
EXHIBIT F
FORM OF PURCHASER’S LETTER FOR
INSTITUTIONAL ACCREDITED INVESTOR
Date
Ladies and Gentlemen:
In connection with our proposed purchase of $______________ Class Principal Amount or Class Notional Amount, as applicable, of Sequoia Mortgage Trust 2012-5 Mortgage Pass-Through Certificates, Class [___], (the “Restricted Certificates”), we confirm that:
(1) | We understand that the Restricted Certificates have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Securities Act”), and may not be sold except as permitted in the following sentence. We agree, on our own behalf and on behalf of any accounts for which we are acting as hereinafter stated, that if we should sell any Restricted Certificates we will do so only (A) to the Depositor, (B) to “qualified institutional buyers” (within the meaning of Rule 144A under the Securities Act) in accordance with Rule 144A under the Securities Act (“QIBs”), (C) pursuant to the exemption from registration provided by Rule 144 under the Securities Act, or (D) to an institutional “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act that is not a QIB (an “Institutional Accredited Investor”) which, prior to such transfer, delivers to the Certificate Registrar under the Pooling and Servicing Agreement, dated as of October 1, 2012 (the “Agreement”), by and among Sequoia Residential Funding, Inc., as Depositor, Wells Fargo Bank, N.A., as Master Servicer and Securities Administrator, and Christiana Trust, a division of Wilmington Savings Fund Society, FSB as Trustee, a signed letter in the form of this letter; and we further agree, in the capacities stated above, to provide to any person purchasing any of the Restricted Certificates from us a notice advising such purchaser that resales of the Restricted Certificates are restricted as stated herein. |
(2) | We understand that, in connection with any proposed resale of any Restricted Certificates to an Institutional Accredited Investor, we will be required to furnish to the Certificate Registrar a certification from such transferee in the form hereof to confirm that the proposed sale is being made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. We further understand that the Restricted Certificates purchased by us will bear a legend to the foregoing effect. |
(3) | We are acquiring the Restricted Certificates for investment purposes and not with a view to, or for offer or sale in connection with, any distribution in violation of the Securities Act. We have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of our investment in the Restricted Certificates, and we and any account for which we are acting are each able to bear the economic risk of such investment. |
(4) | We are an Institutional Accredited Investor and we are acquiring the Restricted Certificates purchased by us for our own account or for one or more accounts (each of which is an Institutional Accredited Investor) as to each of which we exercise sole investment discretion. |
(5) | We have received such information as we deem necessary in order to make our investment decision. |
(6) | If we are acquiring ERISA-Restricted Certificates, we understand that in accordance with ERISA, the Code and the Underwriter's Exemption, no Plan and no person acting on behalf of such a Plan |
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may acquire such Certificate except in accordance with Section 3.03(d) of the Agreement.
Terms used in this letter which are not otherwise defined herein have the respective meanings assigned thereto in the Agreement.
You are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby.
Very truly yours,
[Purchaser] | ||
By: | ||
Name: | ||
Title: |
F-2 |
EXHIBIT G
FORM OF ERISA TRANSFER AFFIDAVIT
STATE OF NEW YORK |
) |
) ss.: | |
COUNTY OF NEW YORK |
) |
The undersigned, being first duly sworn, deposes and says as follows:
1. The undersigned is the ______________________ of ______________ (the “Investor”), a [corporation duly organized] and existing under the laws of __________, on behalf of which he makes this affidavit.
2. The Investor either (x) is not, and on ___________ [date of transfer] will not be, an employee benefit plan or other retirement arrangement subject to Section 406 of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), or Section 4975 of the Internal Revenue Code of 1986, as amended (the “Code”), (collectively, a “Plan”) or a person acting on behalf of any such Plan or investing the assets of any such Plan; (y) if the Certificate has been the subject of an ERISA-Qualifying Underwriting, is an insurance company that is purchasing the Certificate with funds contained in an “insurance company general account” as defined in Section V(e) of Prohibited Transaction Class Exemption (“PTCE”) 95-60 and the purchase and holding of the Certificate are covered under Sections I and III of PTCE 95-60; or (z) herewith delivers to the Certificate Registrar an opinion of counsel (a “Benefit Plan Opinion”) satisfactory to the Certificate Registrar, the Depositor and the Trustee, and upon which the Certificate Registrar, the Trustee, the Master Servicer, the Depositor and the Securities Administrator shall be entitled to rely, to the effect that the purchase or holding of such Certificate by the Investor will not constitute or result in any non-exempt prohibited transactions under Title I of ERISA or Section 4975 of the Code and will not subject the Certificate Registrar or the Trustee to any obligation in addition to those undertaken by such entities in the Pooling and Servicing Agreement, dated as of October 1, 2012 (the “Agreement”), by and among Sequoia Residential Funding, Inc., as Depositor, Wells Fargo Bank, N.A., as Master Servicer and Securities Administrator and Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee, by which opinion of counsel shall not be an expense of the Trust Fund or the above parties.
Capitalized terms used but not defined herein have the meanings given in the Agreement.
IN WITNESS WHEREOF, the Investor has caused this instrument to be executed on its behalf, pursuant to proper authority, by its duly authorized officer, duly attested, this ____ day of _______________ 20___.
[Investor] | ||
By: | ||
Name: | ||
Title: | ||
ATTEST: |
G-1 |
STATE OF | ) |
) ss.: | |
COUNTY OF | ) |
Personally appeared before me the above-named ________________, known or proved to me to be the same person who executed the foregoing instrument and to be the ____________________ of the Investor, and acknowledged that he executed the same as his free act and deed and the free act and deed of the Investor.
Subscribed and sworn before me this _____ day of _________ 20___.
NOTARY PUBLIC |
My commission expires the
_____ day of __________ 20___.
G-2 |
EXHIBIT H-1
LIST OF PURCHASE AGREEMENTS
1. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of October 1, 2011, between RRAC and American Pacific Mortgage Corporation, as modified by the related Acknowledgement. |
2. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of September 1, 2011, between RRAC and Benchmark Bank, as modified by the related Acknowledgement. |
3. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of April 1, 2012, between RRAC and Boston Private Bank & Trust Company, as modified by the related Acknowledgement. |
4. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of November 1, 2011, between RRAC and Castle & Cooke Mortgage, LLC, as modified by the related Acknowledgement. |
5. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of October 1, 2011, between RRAC and Cherry Creek Mortgage Co., Inc., as modified by the related Acknowledgement. |
6. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of August 1, 2011, between RRAC and Cole Taylor Bank, as modified by the related Acknowledgement. |
7. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of February 1, 2012, between RRAC and Colonial Savings, F.A., as modified by the related Acknowledgement. |
8. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of September 1, 2011, between RRAC and Cornerstone Mortgage Company, as modified by the related Acknowledgement. |
9. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of December 1, 2011, between RRAC and Embrace Home Loans, Inc., as modified by the related Acknowledgement |
10. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of February 1, 2012, between RRAC and Evergreen Moneysource Mortgage Company dba Evergreen Home Loans, as modified by the related Acknowledgement. |
11. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of April 1, 2012, between RRAC and Fairway Independent Mortgage Corporation, as modified by the related Acknowledgement. |
12. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of March 1, 2012, between RRAC and Fidelity Bank dba Fidelity Bank Mortgage, as modified by the related Acknowledgement. |
13. | Flow Mortgage Loan Sale and Servicing Agreement, dated as of July 1, 2010, between Redwood Residential Acquisition Corporation (“RRAC”) and First Republic Bank, as modified by the related Acknowledgement. |
14. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of May 23, 2011, between RRAC and Flagstar Capital Markets Corporation, as modified by the related Acknowledgement. |
15. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of August 1, 2011, between RRAC and Franklin American Mortgage Company, as modified by the related Acknowledgement. |
16. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of August 1, 2011, between RRAC and Fremont Bank, as modified by the related Acknowledgement. |
H-1 |
17. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of October 1, 2011, between RRAC and GuardHill Financial Corporation, as modified by the related Acknowledgement. |
18. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of January 1, 2012, between RRAC and Guild Mortgage Company, as modified by the related Acknowledgement. |
19. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of December 1, 2011, between RRAC and The Huntington National Bank, as modified by the related Acknowledgement. |
20. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of January 1, 2012, between RRAC and Megastar Financial Corporation, as modified by the related Acknowledgement. |
21. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of February 1, 2012, between RRAC and Monarch Bank, as modified by the related Acknowledgement. |
22. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of May 1, 2012, between RRAC and Paramount Equity Mortgage, as modified by the related Acknowledgement. |
23. | Mortgage Loan Flow Purchase, Sale & Servicing Agreement, dated as of July 21, 2010, between RRAC and PHH Mortgage Corporation, as modified by the related Acknowledgement. |
24. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of December 1, 2011, between RRAC and Plaza Home Mortgage, Incorporated, as modified by the related Acknowledgement. |
25. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of January 30, 2011, between RRAC and PrimeLending, a PlainsCapital Company, as modified by the related Acknowledgement. |
26. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of May 1, 2011, between RRAC and Prospect Mortgage, LLC, as modified by the related Acknowledgement. |
27. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of October 1, 2011, between RRAC and Provident Savings Bank, as modified by the related Acknowledgement. |
28. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of August 1, 2011, between RRAC and Simonich Corporation, dba Bank of Commerce Mortgage, as modified by the related Acknowledgement. |
29. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of March 1, 2011, between RRAC and Sterling Savings Bank, as modified by the related Acknowledgement. |
30. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of December 1, 2011, between RRAC and Stifel Bank and Trust, as modified by the related Acknowledgement. |
31. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of January 1, 2012, between RRAC and Umpqua Bank, as modified by the related Acknowledgement. |
32. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of December 1, 2011, between RRAC and United Shore Financial Services, LLC, as successor in interest to Shore Financial Services, Inc., as modified by the related Acknowledgement. |
33. | Flow Mortgage Loan Purchase and Sale Agreement, dated as of June 1, 2011, between RRAC and Wintrust Mortgage, a division of Barrington Bank and Trust Company, N.A., as modified by the related Acknowledgement. |
H-2 |
EXHIBIT H-2
LIST OF SERVICING AGREEMENTS
1. | Flow Mortgage Loan Servicing Agreement, dated as of August 1, 2011, between Redwood Residential Acquisition Corporation (“RRAC”) and Cenlar FSB, as amended by Amendment No. 1 to the Flow Mortgage Loan Servicing Agreement, dated November 3, 2011, and as modified by the related Acknowledgement. |
2. | Flow Mortgage Loan Sale and Servicing Agreement, dated as of July 1, 2010, between RRAC and First Republic Bank, as modified by the related Acknowledgement. |
3. | Mortgage Loan Flow Purchase, Sale & Servicing Agreement, dated as of July 21, 2010, between RRAC and PHH Mortgage Corporation, as modified by the related Acknowledgement. |
H-3 |
EXHIBIT I
ADDITIONAL DISCLOSURE NOTIFICATION
Additional Disclosure Notification
Wells Fargo Bank, N.A., as securities administrator
Fax: 443-367-3307
Email: cts.sec.notifications@wellsfargo.com
Sequoia Residential Funding, Inc.
Fax: 415-381-1773
Email: Sequoia.Notices@redwoodtrust.com
Attn: Corporate Trust Services—Sequoia Mortgage Trust 2012-5, Mortgage Pass-Through Certificates, Series 2012-5—SEC REPORT PROCESSING
RE: **Additional Form [10-D][10-K][8-K] Disclosure** Required
Ladies and Gentlemen:
In accordance with Section 6.21[(a)][(b)][(c)] of the Pooling and Servicing Agreement, dated as of October 1, 2012 (the “Agreement”), by and among Sequoia Residential Funding, Inc., as Depositor, Wells Fargo Bank, N.A., as Master Servicer and Securities Administrator and Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee, with respect to Sequoia Mortgage Trust 2012-5 Mortgage Pass-Through Certificate, the undersigned, as [ ], hereby notifies you that certain events have come to our attention that [will] [may] need to be disclosed on Form [10-D][10-K][8-K].
Description of Additional Form [10-D][10-K][8-K] Disclosure:
List of any Attachments hereto to be included in the Additional Form [10-D][10-K][8-K] Disclosure:
Any inquiries related to this notification should be directed to [ ], phone number: [ ]; email address: [ ].
[NAME OF PARTY],
as [role]
By: | ||
Name: | ||
Title: |
I-1 |
EXHIBIT J
BACK-UP CERTIFICATE TO FORM 10-K CERTIFICATE
Sequoia Mortgage Trust 2012-5 (the “Trust”)
Mortgage Pass-Through Certificates
Re: The Pooling and Servicing Agreement, dated as of October 1, 2012 (the “Pooling and Servicing Agreement”), by and among Sequoia Residential Funding, Inc., as Depositor, Wells Fargo Bank, N.A., as Master Servicer and Securities Administrator and Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee with respect to Sequoia Mortgage Trust 2012-5 Mortgage Pass-Through Certificates.
I, __________________________, the _________________________ of [NAME OF COMPANY] (the “Company”) certify to the Depositor and its officers, directors and affiliates, and with the knowledge and intent that they will rely upon this certification, that:
(1) I have reviewed the annual report on Form 10-K for the fiscal year [____] (the “Annual Report”), and all reports on Form 10-D required to be filed in respect of period covered by the Annual Report (collectively with the Annual Report, the “Reports”), of the Trust Fund;
(2) To my knowledge, (a) the Reports, taken as a whole, do not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by the Annual Report, and (b) the Company’s assessment of compliance and related attestation report referred to below, taken as a whole, do not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by such assessment of compliance and attestation report;
(3) To my knowledge, the distribution information required to be provided by the Company under the Pooling and Servicing Agreement has been provided to the Securities Administrator for inclusion in the Reports is included in the Reports;
(4) I am responsible for reviewing the activities performed by the Company under the Pooling and Servicing Agreement, and based on my knowledge and the compliance review conducted in preparing the assessment of compliance of the Company required by the Pooling and Servicing Agreement, and except as disclosed in the Reports, the Company has fulfilled its obligations under the Pooling and Servicing Agreement in all material respects; and
(5) The report on assessment of compliance with servicing criteria applicable to the Company for asset-backed securities of the Company and each Subcontractor utilized by the Company and the related attestation report on assessment of compliance with servicing criteria applicable to it required to be included in the Annual Report in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have been included as an exhibit to the Annual Report. Any material instances of non-compliance are described in such report and have been disclosed in the Annual Report.
In giving the certifications above, the Company has reasonably relied on information provided to it by the following unaffiliated parties: [names of servicer(s), subservicer(s), custodian(s)]
Date:
By: | ||
[Signature] | ||
[Title] |
J-1 |
EXHIBIT K
SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE
The Assessment of Compliance to be delivered by the parties listed in the table below shall address, at a minimum, the criteria identified below as “Applicable Servicing Criteria” for each such party:
Regulation AB Reference |
Servicing Criteria | Master Servicer |
Securities Administrator |
Custodian | ||||
General Servicing Considerations | ||||||||
1122(d)(1)(i) | Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. | X | X | |||||
1122(d)(1)(ii) | If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities. | X | ||||||
1122(d)(1)(iii) | Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained. | N/A | N/A | N/A | ||||
1122(d)(1)(iv) | A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. | X | ||||||
Cash Collection and Administration | ||||||||
1122(d)(2)(i) | Payments on pool assets are deposited into the appropriate bank collection accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. | X | X | |||||
1122(d)(2)(ii) | Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. | X | X | |||||
1122(d)(2)(iii) | Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. | X |
K-1 |
1122(d)(2)(iv) | The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of over collateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. | X | X | |||||
1122(d)(2)(v) | Each collection account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. | X | X | |||||
1122(d)(2)(vi) | Unissued checks are safeguarded so as to prevent unauthorized access. | X | ||||||
1122(d)(2)(vii) | Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including collection accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. | X | ||||||
Investor Remittances and Reporting | ||||||||
1122(d)(3)(i) | Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the Servicer. | X | ||||||
1122(d)(3)(ii) | Amounts due to investors are allocated and remitted in accordance with timeframes, | X |
K-2 |
distribution priority and other terms set forth in the transaction agreements. | ||||||||
1122(d)(3)(iii) | Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements. | X | ||||||
1122(d)(3)(iv) | Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. | X | ||||||
Pool Asset Administration | ||||||||
1122(d)(4)(i) | Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. | X | ||||||
1122(d)(4)(ii) | Pool assets and related documents are safeguarded as required by the transaction agreements | X | ||||||
1122(d)(4)(iii) | Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. | N/A | N/A | N/A | ||||
1122(d)(4)(iv) | Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. | N/A | N/A | N/A | ||||
1122(d)(4)(v) | The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. | N/A | N/A | N/A | ||||
1122(d)(4)(vi) | Changes with respect to the terms or status of an obligor's pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents. | N/A | N/A | N/A | ||||
1122(d)(4)(vii) | Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements. | N/A | N/A | N/A |
K-3 |
1122(d)(4)(viii) | Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). | N/A | N/A | N/A | ||||
1122(d)(4)(ix) | Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. | N/A | N/A | N/A | ||||
1122(d)(4)(x) | Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. | N/A | N/A | N/A | ||||
1122(d)(4)(xi) | Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements. | N/A | N/A | N/A | ||||
1122(d)(4)(xii) | Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission. | N/A | N/A | N/A | ||||
1122(d)(4)(xiii) | Disbursements made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the servicer, or such other number of days specified in the transaction agreements. | N/A | N/A | N/A | ||||
1122(d)(4)(xiv) | Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. | X |
K-4 |
1122(d)(4)(xv) | Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. | N/A | N/A | N/A |
K-5 |
EXHIBIT L
ADDITIONAL FORM 10-D DISCLOSURE
ADDITIONAL FORM 10-D DISCLOSURE | ||
Item on Form 10-D | Party Responsible | |
Item 1: Distribution and Pool Performance Information | ||
Information included in the Distribution Date Statement | Master Servicer Securities Administrator | |
Any information required by 1121 which is NOT included on the Distribution Date Statement | Depositor | |
Item 2: Legal Proceedings | ||
Any legal proceeding pending against the following entities or their respective property, that is material to Certificateholders, including any proceedings known to be contemplated by governmental authorities: | ||
▪ Issuing Entity (Trust Fund) | Trustee, Master Servicer, Securities Administrator and Depositor | |
▪ Sponsor (Seller) | Seller (if a party to the Pooling and Servicing Agreement) or Depositor | |
▪ Depositor | Depositor | |
▪ Trustee | Trustee | |
▪ Securities Administrator | Securities Administrator | |
▪ Master Servicer | Master Servicer | |
▪ Custodian | Custodian | |
▪ 1110(b) Originator | Depositor | |
▪ Any 1108(a)(2) Servicer (other than the Master Servicer or the Securities Administrator) | Servicer (as to itself) | |
▪ Any other party contemplated by 1100(d)(1) | Depositor | |
Item 3: Sale of Securities and Use of Proceeds | Depositor | |
Information from Item 2(a) of Part II of Form 10-Q: | ||
With respect to any sale of securities by the sponsor, depositor or issuing entity, that are backed by the same asset pool or are otherwise issued by the issuing entity, whether or not registered, provide the sales and use of proceeds information in Item 701 of Regulation S-K. Pricing information can be omitted if securities were not registered. |
L-1 |
ADDITIONAL FORM 10-D DISCLOSURE | ||
Item on Form 10-D | Party Responsible | |
Item 4: Defaults Upon Senior Securities | Securities Administrator | |
Trustee | ||
Information from Item 3 of Part II of Form 10-Q: | ||
Report the occurrence of any Event of Default (after expiration of any grace period and provision of any required notice) | ||
Item 5: Submission of Matters to a Vote of Security Holders | Securities Administrator | |
Trustee | ||
Information from Item 4 of Part II of Form 10-Q | ||
Item 6: Significant Obligors of Pool Assets | Depositor | |
Item 1112(b) – Significant Obligor Financial Information* | ||
*This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Item. | ||
Item 7: Significant Enhancement Provider Information | ||
Item 1114(b)(2) – Credit Enhancement Provider Financial Information* | ||
▪ Determining applicable disclosure threshold | Depositor | |
▪ Requesting required financial information (including any required accountants’ consent to the use thereof) or effecting incorporation by reference | Depositor | |
Item 1115(b) – Derivative Counterparty Financial Information* | ||
▪ Determining current maximum probable exposure | Depositor | |
▪ Determining current significance percentage | Depositor | |
▪ Requesting required financial information (including any required accountants’ consent to the use thereof) or effecting incorporation by reference | Depositor | |
*This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Items. |
L-2 |
ADDITIONAL FORM 10-D DISCLOSURE | ||
Item on Form 10-D | Party Responsible | |
Item 8: Other Information | Any party responsible for the applicable Form 8-K Disclosure item | |
Disclose any information required to be reported on Form 8-K during the period covered by the Form 10-D but not reported | ||
Item 9: Exhibits | ||
Distribution Date Statement to Certificateholders | Securities Administrator | |
Exhibits required by Item 601 of Regulation S-K, such as material agreements | Depositor |
L-3 |
EXHIBIT M
ADDITIONAL FORM 10-K DISCLOSURE
ADDITIONAL FORM 10-K DISCLOSURE | |
Item on Form 10-K | Party Responsible |
Item 1B: Unresolved Staff Comments | Depositor |
Item 9B: Other Information | Any party responsible for disclosure items on Form 8-K |
Disclose any information required to be reported on Form 8-K during the fourth quarter covered by the Form 10-K but not reported | |
Item 15: Exhibits, Financial Statement Schedules | Securities Administrator Depositor |
Reg AB Item 1112(b): Significant Obligors of Pool Assets | |
Significant Obligor Financial Information* | Depositor |
*This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Item. | |
Reg AB Item 1114(b)(2): Credit Enhancement Provider Financial Information | |
▪ Determining applicable disclosure threshold | Depositor |
▪ Requesting required financial information (including any required accountants’ consent to the use thereof) or effecting incorporation by reference | Depositor |
*This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Items. | |
Reg AB Item 1115(b): Derivative Counterparty Financial Information | |
▪ Determining current maximum probable exposure | Depositor |
▪ Determining current significance percentage | Depositor |
▪ Requesting required financial information (including any required accountants’ consent to the use thereof) or effecting incorporation by reference | Depositor |
*This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Items. |
M-1 |
ADDITIONAL FORM 10-K DISCLOSURE | |
Item on Form 10-K | Party Responsible |
Reg AB Item 1117: Legal Proceedings | |
Any legal proceeding pending against the following entities or their respective property, that is material to Certificateholders, including any proceedings known to be contemplated by governmental authorities: | |
▪ Issuing Entity (Trust Fund) | Trustee, Master Servicer, Securities Administrator and Depositor |
▪ Sponsor (Seller) | Seller (if a party to the Pooling and Servicing Agreement) or Depositor |
▪ Depositor | Depositor |
▪ Trustee | Trustee |
▪ Securities Administrator | Securities Administrator |
▪ Master Servicer | Master Servicer |
▪ Custodian | Custodian |
▪ 1110(b) Originator | Depositor |
▪ Any 1108(a)(2) Servicer (other than the Master Servicer or the Securities Administrator) | Servicer (as to itself) |
▪ Any other party contemplated by 1100(d)(1) | Depositor |
Reg AB Item 1119: Affiliations and Relationships | |
Whether (a) the Sponsor (Seller), Depositor or Issuing Entity is an affiliate of the following parties, and (b) to the extent known and material, any of the following parties are affiliated with one another: | Depositor as to (a) Sponsor/Seller as to (b) |
▪ Master Servicer | Master Servicer |
▪ Securities Administrator | Securities Administrator |
▪ Trustee | Depositor/Sponsor as to (a) Trustee as to (b) |
▪ Any other 1108(a)(3) servicer | Servicer (as to itself) |
▪ Any 1110 Originator | Depositor/Sponsor |
▪ Any 1112(b) Significant Obligor | Depositor/Sponsor |
▪ Any 1114 Credit Enhancement Provider | Depositor/Sponsor |
▪ Any 1115 Derivative Counterparty Provider | Depositor/Sponsor |
▪ Any other 1101(d)(1) material party | Depositor/Sponsor |
M-2 |
ADDITIONAL FORM 10-K DISCLOSURE | |
Item on Form 10-K | Party Responsible |
Whether there are any “outside the ordinary course business arrangements” other than would be obtained in an arm’s length transaction between (a) the Sponsor (Seller), Depositor or Issuing Entity on the one hand, and (b) any of the following parties (or their affiliates) on the other hand, that exist currently or within the past two years and that are material to a Certificateholder’s understanding of the Certificates: | Depositor as to (a) Sponsor/Seller as to (b) |
▪ Master Servicer | Master Servicer |
▪ Securities Administrator | Securities Administrator |
▪ Trustee | Depositor/Sponsor |
▪ Any other 1108(a)(3) servicer | Servicer (as to itself) |
▪ Any 1110 Originator | Depositor/Sponsor |
▪ Any 1112(b) Significant Obligor | Depositor/Sponsor |
▪ Any 1114 Credit Enhancement Provider | Depositor/Sponsor |
▪ Any 1115 Derivative Counterparty Provider | Depositor/Sponsor |
▪ Any other 1101(d)(1) material party | Depositor/Sponsor |
Whether there are any specific relationships involving the transaction or the pool assets between (a) the Sponsor (Seller), Depositor or Issuing Entity on the one hand, and (b) any of the following parties (or their affiliates) on the other hand, that exist currently or within the past two years and that are material: | Depositor as to (a) Sponsor/Seller as to (b) |
▪ Master Servicer | Master Servicer |
▪ Securities Administrator | Securities Administrator |
▪ Trustee | Depositor/Sponsor |
▪ Any other 1108(a)(3) servicer | Servicer (as to itself) |
▪ Any 1110 Originator | Depositor/Sponsor |
▪ Any 1112(b) Significant Obligor | Depositor/Sponsor |
▪ Any 1114 Credit Enhancement Provider | Depositor/Sponsor |
▪ Any 1115 Derivative Counterparty Provider | Depositor/Sponsor |
▪ Any other 1101(d)(1) material party | Depositor/Sponsor |
M-3 |
EXHIBIT N
ADDITIONAL FORM 8-K DISCLOSURE
FORM 8-K DISCLOSURE INFORMATION | |
Item on Form 8-K | Party Responsible |
Item 1.01- Entry into a Material Definitive Agreement | All parties (as to themselves) |
Disclosure is required regarding entry into or amendment of any definitive agreement that is material to the securitization, even if depositor is not a party. | |
Examples: servicing agreement, custody agreement. | |
Note: disclosure not required as to definitive agreements that are fully disclosed in the prospectus | |
Item 1.02- Termination of a Material Definitive Agreement | All parties (as to themselves) |
Disclosure is required regarding termination of any definitive agreement that is material to the securitization (other than expiration in accordance with its terms), even if depositor is not a party. | |
Examples: servicing agreement, custody agreement. | |
Item 1.03- Bankruptcy or Receivership | Depositor |
Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: | |
▪ Sponsor (Seller) | Depositor/Sponsor (Seller) |
▪ Depositor | Depositor |
▪ Master Servicer | Master Servicer |
▪ Affiliated Servicer | Servicer (as to itself) |
▪ Other Servicer servicing 20% or more of the pool assets at the time of the report | Servicer (as to itself) |
▪ Other material servicers | Servicer (as to itself) |
▪ Trustee | Trustee |
▪ Securities Administrator | Securities Administrator |
▪ Significant Obligor | Depositor |
N-1 |
FORM 8-K DISCLOSURE INFORMATION | |
Item on Form 8-K | Party Responsible |
▪ Credit Enhancer (10% or more) | Depositor |
▪ Derivative Counterparty | Depositor |
▪ Custodian | Custodian |
Item 2.04- Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement | Depositor Master Servicer Securities Administrator |
Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. | |
Disclosure will be made of events other than waterfall triggers which are disclosed in the Distribution Date Statements to the certificateholders. | |
Item 3.03- Material Modification to Rights of Security Holders | Securities Administrator Depositor |
Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. | |
Item 5.03- Amendments of Articles of Incorporation or Bylaws; Change of Fiscal Year | Depositor |
Disclosure is required of any amendment “to the governing documents of the issuing entity”. | |
Item 6.01- ABS Informational and Computational Material | Depositor |
Item 6.02- Change of Servicer or Securities Administrator | Master Servicer/Securities Administrator/Depositor/ |
Servicer (as to itself)/Trustee | |
Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. | |
Reg AB disclosure about any new servicer or master servicer is also required. | Servicer (as to itself)/Master Servicer/Depositor |
Reg AB disclosure about any new Trustee is also required. | Depositor/Securities Administrator |
N-2 |
FORM 8-K DISCLOSURE INFORMATION | |
Item on Form 8-K | Party Responsible |
Item 6.03- Change in Credit Enhancement or External Support | Depositor/Securities Administrator |
Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external credit enhancements as well as derivatives. | |
Reg AB disclosure about any new enhancement provider is also required. | Depositor |
Item 6.04- Failure to Make a Required Distribution | Securities Administrator |
Item 6.05- Securities Act Updating Disclosure | Depositor |
If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. | |
If there are any new servicers or originators required to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. | Depositor |
Item 7.01- Reg FD Disclosure | All parties (as to themselves) |
Item 8.01- Other Events | Depositor |
Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. | |
Item 9.01- Financial Statements and Exhibits | Responsible party for reporting/disclosing the financial statement or exhibit |
N-3 |
EXHIBIT O
FORM OF CERTIFICATION FOR NRSROs AND DEPOSITOR
[Date]
Wells Fargo Bank, National Association
9062 Old Annapolis Road
Columbia, Maryland 21045
Attention: RMBS – SEMT 2012-5
Attention: | Sequoia Mortgage Trust 2012-5, |
Mortgage Pass-Through Certificates, Series 2012-5
In accordance with the requirements for obtaining certain information pursuant to the Pooling and Servicing Agreement, dated as of October 1, 2012 (the “Pooling and Servicing Agreement”), by and among Sequoia Residential Funding, Inc., as Depositor, Wells Fargo Bank, N.A., as Master Servicer and Securities Administrator, and Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee with respect to the above-referenced certificates (the “Certificates”), the undersigned hereby certifies and agrees as follows:
With respect to any Nationally Recognized Statistical Rating Organization (“NRSRO”):
1. | The undersigned, an NRSRO, has provided the Depositor with the appropriate certifications under Exchange Act Rule 17g-5(e). |
2. | The undersigned has access to the Depositor's 17g-5 website, and any confidentiality agreement applicable to the undersigned with respect to information obtained from the Depositor's 17g-5 website shall also be applicable to information obtained from the Rule 17g-5 Website. |
3. | The undersigned shall be deemed to have recertified to the provisions herein each time it accesses any information on the Rule 17g-5 Website maintained by the Securities Administrator. |
With respect to the Depositor:
1. | The undersigned is the Depositor under the Pooling and Servicing Agreement. |
Capitalized terms used but not defined herein shall have the respective meanings assigned thereto in the Pooling and Servicing Agreement.
BY ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall be deemed to have caused its name to be signed hereto by its duly authorized signatory, as of the date certified.
O-1 |
SCHEDULE A
MORTGAGE LOAN SCHEDULE
Collateral Term Sheet
Sequoia Residential Funding, Inc.
Depositor
THE DEPOSITOR HAS FILED A REGISTRATION STATEMENT (INCLUDING A BASE PROSPECTUS) WITH THE SECURITIES AND EXCHANGE COMMISSION, OR
SEC, FOR AN OFFERING TO WHICH THIS COMMUNICATION RELATES. BEFORE YOU INVEST, YOU SHOULD READ THE BASE PROSPECTUS IN THAT REGISTRATION
STATEMENT AND OTHER DOCUMENTS THE DEPOSITOR HAS FILED WITH THE SEC FOR MORE COMPLETE INFORMATION ABOUT THE DEPOSITOR AND ANY SUCH
OFFERING. YOU MAY OBTAIN THESE DOCUMENTS AT NO CHARGE BY VISITING EDGAR ON THE SEC WEB SITE AT WWW.SEC.GOV. ALTERNATIVELY,
THE DEPOSITOR WILL ARRANGE TO SEND YOU THE BASE PROSPECTUS AT NO CHARGE IF YOU REQUEST IT BY CALLING THE INVESTOR RELATIONS DEPARTMENT
AT (866) 269-4676.
The registration statement referred to above relates to Commission File Numbers 333-179292, 333-179292-01.
The information in this term sheet is preliminary, and is subject to completion or change. This term sheet is being delivered to you for the limited purpose of providing you with preliminary information about the characteristics of a mortgage loan pool that may back an offering of certificates. Delivery of this information, by itself, is not intended to serve as the basis for an investment decision. More complete information regarding an offering of certificates, if any, backed by the pool of mortgage loans described herein or backed by a pool of mortgage loans that may include some, but not all, of the same mortgage loans included in the pool of mortgage loans described herein will be made available if the Depositors determine to proceed with any such offering. No one has been authorized to enter into a contract of sale on the basis of this information. Any offer to purchase made by you will not be accepted and will not constitute a contractual commitment by you to purchase any of the certificates, or a contract of sale, until an underwriter or dealer participating in any such offering has accepted your offer to purchase certificates.
No person is obligated to issue certificates or any similar
security backed by the pool of mortgage loans described herein or backed by a portion of the mortgage loans included in the pool
of mortgage loans described herein. You are advised that, if any such certificates are issued, the characteristics of the mortgage
loan pool described herein may change at any time prior to issuance of certificates backed by the mortgage loan pool or availability
of a final prospectus. The information set forth herein will be superseded by subsequent information, including, without limitation,
information about the pool of mortgage loans described herein to the extent it has been conveyed prior to the time that you enter
into any contract of sale.
This term sheet is not required to, and does not, contain all information that is required to be included in a prospectus and prospectus supplement for offered certificates.
This term sheet is not an offer to sell or a solicitation of
an offer to buy securities in any state where such offer, solicitation or sale is not permitted.
The information in this term sheet, if conveyed prior to the time of your contractual commitment to purchase any of the offered
certificates, supersedes any information contained in any prior similar materials relating to such certificates.
Schedule A-1 |
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | |
Primary Servicer | Servicing Fee % | Servicing Fee—Flatdollar | Servicing Advance Methodology | Originator | Loan Group | Loan Number | Amortization Type | Lien Position | HELOC Indicator | |
1 | 1000383 | 0.002500 | 1003626 | 23272 | 1 | 1 | 0 | |||
2 | 1000383 | 0.002500 | 1002793 | 000041837 | 1 | 1 | 0 | |||
3 | 1000383 | 0.002500 | 1002793 | 000045779 | 1 | 1 | 0 | |||
4 | 1000383 | 0.002500 | 1002793 | 000046449 | 1 | 1 | 0 | |||
5 | 1000383 | 0.002500 | 1002793 | 000046704 | 1 | 1 | 0 | |||
6 | 1000383 | 0.002500 | 1002793 | 000047043 | 1 | 1 | 0 | |||
7 | 1000383 | 0.002500 | 1002793 | 000047172 | 1 | 1 | 0 | |||
8 | 1000383 | 0.002500 | 1002793 | 000049643 | 1 | 1 | 0 | |||
9 | 1000383 | 0.002500 | 1008118 | 103974 | 1 | 1 | 0 | |||
10 | 1000383 | 0.002500 | 1008118 | 107295 | 1 | 1 | 0 | |||
11 | 1000383 | 0.002500 | 1008118 | 107486 | 1 | 1 | 0 | |||
12 | 1000383 | 0.002500 | 1008118 | 108000 | 1 | 1 | 0 | |||
13 | 1000383 | 0.002500 | 1008118 | 108206 | 1 | 1 | 0 | |||
14 | 1000383 | 0.002500 | 1008118 | 108261 | 1 | 1 | 0 | |||
15 | 1000383 | 0.002500 | 1008118 | 110144 | 1 | 1 | 0 | |||
16 | 1000383 | 0.002500 | 1008118 | 110765 | 1 | 1 | 0 | |||
17 | 1000383 | 0.002500 | 1001863 | 249460 | 1 | 1 | 0 | |||
18 | 1000383 | 0.002500 | 1000290 | 547255 | 1 | 1 | 0 | |||
19 | 1000383 | 0.002500 | 1000290 | 551171 | 1 | 1 | 0 | |||
20 | 1000383 | 0.002500 | 1000290 | 554018 | 1 | 1 | 0 | |||
21 | 1000383 | 0.002500 | 1000290 | 554383 | 1 | 1 | 0 | |||
22 | 1000383 | 0.002500 | 1000312 | 001107632 | 1 | 1 | 0 | |||
23 | 1000383 | 0.002500 | 1000312 | 001107982 | 1 | 1 | 0 | |||
24 | 1000383 | 0.002500 | 1000312 | 001108914 | 1 | 1 | 0 | |||
25 | 1000383 | 0.002500 | 1000312 | 001110185 | 1 | 1 | 0 | |||
26 | 1000383 | 0.002500 | 1000312 | 001114681 | 1 | 1 | 0 | |||
27 | 1000383 | 0.002500 | 1000312 | 001114856 | 1 | 1 | 0 | |||
28 | 1000383 | 0.002500 | 1000312 | 001119102 | 1 | 1 | 0 | |||
29 | 1000383 | 0.002500 | 1008808 | 6024771 | 1 | 1 | 0 | |||
30 | 1000383 | 0.002500 | 1008808 | 8001255 | 1 | 1 | 0 | |||
31 | 1000383 | 0.002500 | 1005723 | 38340808 | 1 | 1 | 0 | |||
32 | 1000383 | 0.002500 | 1005723 | 38342275 | 1 | 1 | 0 | |||
33 | 1000383 | 0.002500 | 1006324 | 50120135 | 1 | 1 | 0 | |||
34 | 1000383 | 0.002500 | 1006324 | 60120304 | 1 | 1 | 0 | |||
35 | 1000383 | 0.002500 | 1011266 | 0062214184 | 1 | 1 | 0 | |||
36 | 1000383 | 0.002500 | 1006324 | 70120270 | 1 | 1 | 0 | |||
37 | 1000383 | 0.002500 | 1006324 | 70120308 | 1 | 1 | 0 | |||
38 | 1000383 | 0.002500 | 1006324 | 70120351 | 1 | 1 | 0 | |||
39 | 1000383 | 0.002500 | 1000342 | 81234980 | 1 | 1 | 0 | |||
40 | 1000383 | 0.002500 | 1000342 | 81236228 | 1 | 1 | 0 | |||
41 | 1000383 | 0.002500 | 1000457 | 89823645 | 1 | 1 | 0 | |||
42 | 1000383 | 0.002500 | 1003924 | 276091741 | 1 | 1 | 0 | |||
43 | 1000383 | 0.002500 | 1000953 | 330224008 | 1 | 1 | 0 | |||
44 | 1000383 | 0.002500 | 1000953 | 331812762 | 1 | 1 | 0 | |||
45 | 1000383 | 0.002500 | 1000953 | 338070742 | 1 | 1 | 0 | |||
46 | 1000383 | 0.002500 | 1000457 | 500008017 | 1 | 1 | 0 | |||
47 | 1000383 | 0.002500 | 1000457 | 500008090 | 1 | 1 | 0 | |||
48 | 1000383 | 0.002500 | 1008498 | 503380779 | 1 | 1 | 0 | |||
49 | 1000383 | 0.002500 | 1008498 | 503480056 | 1 | 1 | 0 | |||
50 | 1000383 | 0.002500 | 1008498 | 503520935 | 1 | 1 | 0 | |||
51 | 1000383 | 0.002500 | 1008498 | 503522482 | 1 | 1 | 0 | |||
52 | 1000383 | 0.002500 | 1008498 | 503523105 | 1 | 1 | 0 | |||
53 | 1000383 | 0.002500 | 1008498 | 503525891 | 1 | 1 | 0 | |||
54 | 1000383 | 0.002500 | 1008498 | 503536039 | 1 | 1 | 0 | |||
55 | 1000383 | 0.002500 | 1008498 | 503539693 | 1 | 1 | 0 | |||
56 | 1000383 | 0.002500 | 1008498 | 503540026 | 1 | 1 | 0 | |||
57 | 1000383 | 0.002500 | 1008498 | 503543820 | 1 | 1 | 0 | |||
58 | 1000383 | 0.002500 | 1008498 | 503548583 | 1 | 1 | 0 | |||
59 | 1000383 | 0.002500 | 1008498 | 503549033 | 1 | 1 | 0 | |||
60 | 1000383 | 0.002500 | 1008498 | 503549161 | 1 | 1 | 0 | |||
61 | 1000383 | 0.002500 | 1008498 | 503550300 | 1 | 1 | 0 | |||
62 | 1000383 | 0.002500 | 1008498 | 503550915 | 1 | 1 | 0 | |||
63 | 1000383 | 0.002500 | 1008498 | 503552748 | 1 | 1 | 0 | |||
64 | 1000383 | 0.002500 | 1008498 | 503553000 | 1 | 1 | 0 | |||
65 | 1000383 | 0.002500 | 1008498 | 503555115 | 1 | 1 | 0 | |||
66 | 1000383 | 0.002500 | 1008498 | 503555494 | 1 | 1 | 0 | |||
67 | 1000383 | 0.002500 | 1008498 | 503558858 | 1 | 1 | 0 | |||
68 | 1000383 | 0.002500 | 1008498 | 503567448 | 1 | 1 | 0 | |||
69 | 1000383 | 0.002500 | 1008498 | 503568692 | 1 | 1 | 0 | |||
70 | 1000383 | 0.002500 | 1008498 | 503568841 | 1 | 1 | 0 | |||
71 | 1000383 | 0.002500 | 1008498 | 503576976 | 1 | 1 | 0 | |||
72 | 1000383 | 0.002500 | 1008498 | 503579809 | 1 | 1 | 0 | |||
73 | 1000383 | 0.002500 | 1008498 | 503579873 | 1 | 1 | 0 | |||
74 | 1000383 | 0.002500 | 1008498 | 503582444 | 1 | 1 | 0 | |||
75 | 1000383 | 0.002500 | 1008498 | 503582919 | 1 | 1 | 0 | |||
76 | 1000383 | 0.002500 | 1008498 | 503582928 | 1 | 1 | 0 | |||
77 | 1000383 | 0.002500 | 1008498 | 503583607 | 1 | 1 | 0 | |||
78 | 1000383 | 0.002500 | 1008498 | 503583863 | 1 | 1 | 0 | |||
79 | 1000383 | 0.002500 | 1008498 | 503586311 | 1 | 1 | 0 | |||
80 | 1000383 | 0.002500 | 1008498 | 503586384 | 1 | 1 | 0 | |||
81 | 1000383 | 0.002500 | 1008498 | 503589583 | 1 | 1 | 0 | |||
82 | 1000383 | 0.002500 | 1008498 | 503595706 | 1 | 1 | 0 | |||
83 | 1000383 | 0.002500 | 1008498 | 503605942 | 1 | 1 | 0 | |||
84 | 1000383 | 0.002500 | 1008498 | 503606804 | 1 | 1 | 0 | |||
85 | 1000383 | 0.002500 | 1008498 | 503614100 | 1 | 1 | 0 | |||
86 | 1000383 | 0.002500 | 1008498 | 503629020 | 1 | 1 | 0 | |||
87 | 1000383 | 0.002500 | 1008498 | 503631440 | 1 | 1 | 0 | |||
88 | 1000383 | 0.002500 | 1003924 | 510005729 | 1 | 1 | 0 | |||
89 | 1000383 | 0.002500 | 1001770 | 552000292 | 1 | 1 | 0 | |||
90 | 1000383 | 0.002500 | 1003924 | 915073847 | 1 | 1 | 0 | |||
91 | 1000383 | 0.002500 | 1000302 | 962901273 | 1 | 1 | 0 | |||
92 | 1000383 | 0.002500 | 1006318 | 1000040896 | 1 | 1 | 0 | |||
93 | 1000383 | 0.002500 | 1006318 | 1000040962 | 1 | 1 | 0 | |||
94 | 1000383 | 0.002500 | 1000522 | 1001512885 | 1 | 1 | 0 | |||
95 | 1000383 | 0.002500 | 1004333 | 1002120960 | 1 | 1 | 0 | |||
96 | 1000383 | 0.002500 | 1006318 | 1010040260 | 1 | 1 | 0 | |||
97 | 1000383 | 0.002500 | 1006318 | 1010041079 | 1 | 1 | 0 | |||
98 | 1000383 | 0.002500 | 1006318 | 1010041566 | 1 | 1 | 0 | |||
99 | 1000383 | 0.002500 | 1006318 | 1010041691 | 1 | 1 | 0 | |||
100 | 1000383 | 0.002500 | 1006318 | 1030040632 | 1 | 1 | 0 | |||
101 | 1000383 | 0.002500 | 1004333 | 1031114039 | 1 | 1 | 0 | |||
102 | 1000383 | 0.002500 | 1000953 | 1103610078 | 1 | 1 | 0 | |||
103 | 1000383 | 0.002500 | 1000953 | 1103610079 | 1 | 1 | 0 | |||
104 | 1000383 | 0.002500 | 1001770 | 1140000423 | 1 | 1 | 0 | |||
105 | 1000383 | 0.002500 | 1006318 | 1240041270 | 1 | 1 | 0 | |||
106 | 1000383 | 0.002500 | 1000522 | 1301521588 | 1 | 1 | 0 | |||
107 | 1000383 | 0.002500 | 1000522 | 1301522906 | 1 | 1 | 0 | |||
108 | 1000383 | 0.002500 | 1000522 | 1301527040 | 1 | 1 | 0 | |||
109 | 1000383 | 0.002500 | 1000324 | 1312121348 | 1 | 1 | 0 | |||
110 | 1000383 | 0.002500 | 1000324 | 1312122367 | 1 | 1 | 0 | |||
111 | 1000383 | 0.002500 | 1000953 | 1338170277 | 1 | 1 | 0 | |||
112 | 1000383 | 0.002500 | 1000324 | 1351209246 | 1 | 1 | 0 | |||
113 | 1000383 | 0.002500 | 1000324 | 1351214088 | 1 | 1 | 0 | |||
114 | 1000383 | 0.002500 | 1000324 | 1351216670 | 1 | 1 | 0 | |||
115 | 1000383 | 0.002500 | 1000324 | 1351222414 | 1 | 1 | 0 | |||
116 | 1000383 | 0.002500 | 1000324 | 1351222488 | 1 | 1 | 0 | |||
117 | 1000383 | 0.002500 | 1000324 | 1351223456 | 1 | 1 | 0 | |||
118 | 1000383 | 0.002500 | 1000324 | 1351223624 | 1 | 1 | 0 | |||
119 | 1000383 | 0.002500 | 1000324 | 1351225668 | 1 | 1 | 0 | |||
120 | 1000383 | 0.002500 | 1000324 | 1351225826 | 1 | 1 | 0 | |||
121 | 1000383 | 0.002500 | 1000324 | 1351226783 | 1 | 1 | 0 | |||
122 | 1000383 | 0.002500 | 1000324 | 1351226806 | 1 | 1 | 0 | |||
123 | 1000383 | 0.002500 | 1000324 | 1351227249 | 1 | 1 | 0 | |||
124 | 1000383 | 0.002500 | 1000324 | 1351228751 | 1 | 1 | 0 | |||
125 | 1000383 | 0.002500 | 1000324 | 1351229468 | 1 | 1 | 0 | |||
126 | 1000383 | 0.002500 | 1000324 | 1351230830 | 1 | 1 | 0 | |||
127 | 1000383 | 0.002500 | 1000324 | 1351232663 | 1 | 1 | 0 | |||
128 | 1000383 | 0.002500 | 1000324 | 1351233171 | 1 | 1 | 0 | |||
129 | 1000383 | 0.002500 | 1006318 | 1380041175 | 1 | 1 | 0 | |||
130 | 1000383 | 0.002500 | 1001770 | 1400007817 | 1 | 1 | 0 | |||
131 | 1000383 | 0.002500 | 1001770 | 1400007822 | 1 | 1 | 0 | |||
132 | 1000383 | 0.002500 | 1001770 | 1400008024 | 1 | 1 | 0 | |||
133 | 1000383 | 0.002500 | 1001770 | 1400008062 | 1 | 1 | 0 | |||
134 | 1000383 | 0.002500 | 1001770 | 1400008108 | 1 | 1 | 0 | |||
135 | 1000383 | 0.002500 | 1001770 | 1400008137 | 1 | 1 | 0 | |||
136 | 1000383 | 0.002500 | 1001770 | 1400008144 | 1 | 1 | 0 | |||
137 | 1000383 | 0.002500 | 1001770 | 1400008164 | 1 | 1 | 0 | |||
138 | 1000383 | 0.002500 | 1001770 | 1400008196 | 1 | 1 | 0 | |||
139 | 1000383 | 0.002500 | 1000522 | 1401520860 | 1 | 1 | 0 | |||
140 | 1000383 | 0.002500 | 1001770 | 1420000255 | 1 | 1 | 0 | |||
141 | 1000383 | 0.002500 | 1001770 | 1420000287 | 1 | 1 | 0 | |||
142 | 1000383 | 0.002500 | 1001770 | 1500014606 | 1 | 1 | 0 | |||
143 | 1000383 | 0.002500 | 1001770 | 1500015066 | 1 | 1 | 0 | |||
144 | 1000383 | 0.002500 | 1000522 | 1501518797 | 1 | 1 | 0 | |||
145 | 1000383 | 0.002500 | 1000522 | 1501541331 | 1 | 1 | 0 | |||
146 | 1000383 | 0.002500 | 1000199 | 1572000185 | 1 | 1 | 0 | |||
147 | 1000383 | 0.002500 | 1000522 | 1701508715 | 1 | 1 | 0 | |||
148 | 1000383 | 0.002500 | 1002956 | 1800062845 | 1 | 1 | 0 | |||
149 | 1000383 | 0.002500 | 1002956 | 2000057561 | 1 | 1 | 0 | |||
150 | 1000383 | 0.002500 | 1000536 | 2001709489 | 1 | 1 | 0 | |||
151 | 1000383 | 0.002500 | 1003970 | 2012000547 | 1 | 1 | 0 | |||
152 | 1000383 | 0.002500 | 1003970 | 2012000798 | 1 | 1 | 0 | |||
153 | 1000383 | 0.002500 | 1003970 | 2012000897 | 1 | 1 | 0 | |||
154 | 1000383 | 0.002500 | 1003970 | 2012000923 | 1 | 1 | 0 | |||
155 | 1000383 | 0.002500 | 1003970 | 2012001028 | 1 | 1 | 0 | |||
156 | 1000383 | 0.002500 | 1003970 | 2012001060 | 1 | 1 | 0 | |||
157 | 1000383 | 0.002500 | 1003970 | 2012001207 | 1 | 1 | 0 | |||
158 | 1000383 | 0.002500 | 1003970 | 2012001223 | 1 | 1 | 0 | |||
159 | 1000383 | 0.002500 | 1003970 | 2012001233 | 1 | 1 | 0 | |||
160 | 1000383 | 0.002500 | 1003970 | 2012001316 | 1 | 1 | 0 | |||
161 | 1000383 | 0.002500 | 1003970 | 2012600066 | 1 | 1 | 0 | |||
162 | 1000383 | 0.002500 | 1003970 | 2012600084 | 1 | 1 | 0 | |||
163 | 1000383 | 0.002500 | 1000536 | 2027602294 | 1 | 1 | 0 | |||
164 | 1000383 | 0.002500 | 1000536 | 2036607224 | 1 | 1 | 0 | |||
165 | 1000383 | 0.002500 | 1000536 | 2036608279 | 1 | 1 | 0 | |||
166 | 1000383 | 0.002500 | 1000536 | 2044602679 | 1 | 1 | 0 | |||
167 | 1000383 | 0.002500 | 1000536 | 2047601670 | 1 | 1 | 0 | |||
168 | 1000383 | 0.002500 | 1000536 | 2073604580 | 1 | 1 | 0 | |||
169 | 1000383 | 0.002500 | 1000536 | 2076600957 | 1 | 1 | 0 | |||
170 | 1000383 | 0.002500 | 1001770 | 2080000362 | 1 | 1 | 0 | |||
171 | 1000383 | 0.002500 | 1000536 | 2108600803 | 1 | 1 | 0 | |||
172 | 1000383 | 0.002500 | 1000536 | 2117602557 | 1 | 1 | 0 | |||
173 | 1000383 | 0.002500 | 1000536 | 2117602725 | 1 | 1 | 0 | |||
174 | 1000383 | 0.002500 | 1000536 | 2133601491 | 1 | 1 | 0 | |||
175 | 1000383 | 0.002500 | 1000536 | 2136601595 | 1 | 1 | 0 | |||
176 | 1000383 | 0.002500 | 1000536 | 2156601329 | 1 | 1 | 0 | |||
177 | 1000383 | 0.002500 | 1000536 | 2204600527 | 1 | 1 | 0 | |||
178 | 1000383 | 0.002500 | 1000536 | 2244701865 | 1 | 1 | 0 | |||
179 | 1000383 | 0.002500 | 1000536 | 2251600072 | 1 | 1 | 0 | |||
180 | 1000383 | 0.002500 | 1000536 | 2278600285 | 1 | 1 | 0 | |||
181 | 1000383 | 0.002500 | 1000536 | 2333600186 | 1 | 1 | 0 | |||
182 | 1000383 | 0.002500 | 1000536 | 2333600195 | 1 | 1 | 0 | |||
183 | 1000383 | 0.002500 | 1000536 | 2333600201 | 1 | 1 | 0 | |||
184 | 1000383 | 0.002500 | 1000536 | 2333600242 | 1 | 1 | 0 | |||
185 | 1000383 | 0.002500 | 1000199 | 2362000514 | 1 | 1 | 0 | |||
186 | 1000383 | 0.002500 | 1000199 | 2492000649 | 1 | 1 | 0 | |||
187 | 1000383 | 0.002500 | 1001770 | 3060001052 | 1 | 1 | 0 | |||
188 | 1000383 | 0.002500 | 1000536 | 3092606400 | 1 | 1 | 0 | |||
189 | 1000383 | 0.002500 | 1001770 | 3170000732 | 1 | 1 | 0 | |||
190 | 1000383 | 0.002500 | 1000536 | 3726601091 | 1 | 1 | 0 | |||
191 | 1000383 | 0.002500 | 1001098 | 3812040016 | 1 | 1 | 0 | |||
192 | 1000383 | 0.002500 | 1001098 | 3812060271 | 1 | 1 | 0 | |||
193 | 1000383 | 0.002500 | 1001770 | 3900000652 | 1 | 1 | 0 | |||
194 | 1000383 | 0.002500 | 1001098 | 4212050042 | 1 | 1 | 0 | |||
195 | 1000383 | 0.002500 | 1001098 | 4212060070 | 1 | 1 | 0 | |||
196 | 1000383 | 0.002500 | 1001098 | 4212060085 | 1 | 1 | 0 | |||
197 | 1000383 | 0.002500 | 1002956 | 4400056581 | 1 | 1 | 0 | |||
198 | 1000383 | 0.002500 | 1001105 | 5000027390 | 1 | 1 | 0 | |||
199 | 1000383 | 0.002500 | 1001770 | 5510004044 | 1 | 1 | 0 | |||
200 | 1000383 | 0.002500 | 1001770 | 5510004140 | 1 | 1 | 0 | |||
201 | 1000383 | 0.002500 | 1001770 | 5520000353 | 1 | 1 | 0 | |||
202 | 1000383 | 0.002500 | 1001770 | 5950001544 | 1 | 1 | 0 | |||
203 | 1000383 | 0.002500 | 1001770 | 5950001587 | 1 | 1 | 0 | |||
204 | 1000383 | 0.002500 | 1001770 | 5950001695 | 1 | 1 | 0 | |||
205 | 1000383 | 0.002500 | 1001105 | 6000106028 | 1 | 1 | 0 | |||
206 | 1000383 | 0.002500 | 1001105 | 6000113263 | 1 | 1 | 0 | |||
207 | 1000383 | 0.002500 | 1001105 | 6000116944 | 1 | 1 | 0 | |||
208 | 1000383 | 0.002500 | 1001105 | 6000118577 | 1 | 1 | 0 | |||
209 | 1000383 | 0.002500 | 1001105 | 6000119351 | 1 | 1 | 0 | |||
210 | 1000383 | 0.002500 | 1001105 | 6000123908 | 1 | 1 | 0 | |||
211 | 1000383 | 0.002500 | 1001105 | 6000124906 | 1 | 1 | 0 | |||
212 | 1000383 | 0.002500 | 1001105 | 6000127297 | 1 | 1 | 0 | |||
213 | 1000383 | 0.002500 | 1001105 | 6000132487 | 1 | 1 | 0 | |||
214 | 1000383 | 0.002500 | 1001105 | 6000134160 | 1 | 1 | 0 | |||
215 | 1000383 | 0.002500 | 1001105 | 6000134905 | 1 | 1 | 0 | |||
216 | 1000383 | 0.002500 | 1001105 | 6000136736 | 1 | 1 | 0 | |||
217 | 1000383 | 0.002500 | 1000536 | 6007600139 | 1 | 1 | 0 | |||
218 | 1000383 | 0.002500 | 1000536 | 6026600079 | 1 | 1 | 0 | |||
219 | 1000383 | 0.002500 | 1000536 | 6027600040 | 1 | 1 | 0 | |||
220 | 1000383 | 0.002500 | 1000199 | 6221008151 | 1 | 1 | 0 | |||
221 | 1000383 | 0.002500 | 1000536 | 7102600184 | 1 | 1 | 0 | |||
222 | 1000200 | 0.002500 | 1000200 | 7123875739 | 1 | 1 | 0 | |||
223 | 1000200 | 0.002500 | 1000200 | 7124148474 | 1 | 1 | 0 | |||
224 | 1000200 | 0.002500 | 1000200 | 7124699567 | 1 | 1 | 0 | |||
225 | 1000200 | 0.002500 | 1000200 | 7124911467 | 1 | 1 | 0 | |||
226 | 1000200 | 0.002500 | 1000200 | 7125070685 | 1 | 1 | 0 | |||
227 | 1000200 | 0.002500 | 1000200 | 7125466206 | 1 | 1 | 0 | |||
228 | 1000383 | 0.002500 | 1001105 | 8001090235 | 1 | 1 | 0 | |||
229 | 1000383 | 0.002500 | 1001105 | 8001090631 | 1 | 1 | 0 | |||
230 | 1000383 | 0.002500 | 1001105 | 8001119844 | 1 | 1 | 0 | |||
231 | 1000383 | 0.002500 | 1000199 | 8391002061 | 1 | 1 | 0 | |||
232 | 1000383 | 0.002500 | 1000458 | 8501153391 | 1 | 1 | 0 | |||
233 | 1000383 | 0.002500 | 1000458 | 8501157122 | 1 | 1 | 0 | |||
234 | 1000383 | 0.002500 | 1000199 | 8601005903 | 1 | 1 | 0 | |||
235 | 1000383 | 0.002500 | 1000536 | 10831100009 | 1 | 1 | 0 | |||
236 | 1000383 | 0.002500 | 1000536 | 20011100639 | 1 | 1 | 0 | |||
237 | 1000383 | 0.002500 | 1000536 | 20011101013 | 1 | 1 | 0 | |||
238 | 1000383 | 0.002500 | 1000536 | 20011101134 | 1 | 1 | 0 | |||
239 | 1000383 | 0.002500 | 1000536 | 20031100120 | 1 | 1 | 0 | |||
240 | 1000383 | 0.002500 | 1000536 | 20171100725 | 1 | 1 | 0 | |||
241 | 1000383 | 0.002500 | 1000536 | 20271100008 | 1 | 1 | 0 | |||
242 | 1000383 | 0.002500 | 1000536 | 20361100034 | 1 | 1 | 0 | |||
243 | 1000383 | 0.002500 | 1000536 | 20391100134 | 1 | 1 | 0 | |||
244 | 1000383 | 0.002500 | 1000536 | 20631101987 | 1 | 1 | 0 | |||
245 | 1000383 | 0.002500 | 1000536 | 20631102057 | 1 | 1 | 0 | |||
246 | 1000383 | 0.002500 | 1000536 | 20631102242 | 1 | 1 | 0 | |||
247 | 1000383 | 0.002500 | 1000536 | 20631102391 | 1 | 1 | 0 | |||
248 | 1000383 | 0.002500 | 1000536 | 20731100233 | 1 | 1 | 0 | |||
249 | 1000383 | 0.002500 | 1000536 | 20731100288 | 1 | 1 | 0 | |||
250 | 1000383 | 0.002500 | 1000536 | 20881100256 | 1 | 1 | 0 | |||
251 | 1000383 | 0.002500 | 1000536 | 20981100041 | 1 | 1 | 0 | |||
252 | 1000383 | 0.002500 | 1000536 | 21051100385 | 1 | 1 | 0 | |||
253 | 1000383 | 0.002500 | 1000536 | 21211100006 | 1 | 1 | 0 | |||
254 | 1000383 | 0.002500 | 1000536 | 21351100456 | 1 | 1 | 0 | |||
255 | 1000383 | 0.002500 | 1000536 | 21351100595 | 1 | 1 | 0 | |||
256 | 1000383 | 0.002500 | 1000536 | 21391100375 | 1 | 1 | 0 | |||
257 | 1000383 | 0.002500 | 1000536 | 21411100303 | 1 | 1 | 0 | |||
258 | 1000383 | 0.002500 | 1000536 | 21501100093 | 1 | 1 | 0 | |||
259 | 1000383 | 0.002500 | 1000536 | 21551100035 | 1 | 1 | 0 | |||
260 | 1000383 | 0.002500 | 1000536 | 21931100027 | 1 | 1 | 0 | |||
261 | 1000383 | 0.002500 | 1000536 | 22751100005 | 1 | 1 | 0 | |||
262 | 1000383 | 0.002500 | 1000536 | 22831100243 | 1 | 1 | 0 | |||
263 | 1000383 | 0.002500 | 1000536 | 22841100395 | 1 | 1 | 0 | |||
264 | 1000383 | 0.002500 | 1000536 | 22901100323 | 1 | 1 | 0 | |||
265 | 1000383 | 0.002500 | 1000536 | 23181100035 | 1 | 1 | 0 | |||
266 | 1000383 | 0.002500 | 1000536 | 30521100646 | 1 | 1 | 0 | |||
267 | 1000383 | 0.002500 | 1000536 | 30521100653 | 1 | 1 | 0 | |||
268 | 1000383 | 0.002500 | 1000536 | 30521100654 | 1 | 1 | 0 | |||
269 | 1000383 | 0.002500 | 1000536 | 36791100059 | 1 | 1 | 0 | |||
270 | 1000383 | 0.002500 | 1000536 | 37221100445 | 1 | 1 | 0 | |||
271 | 1000383 | 0.002500 | 1000536 | 37221100538 | 1 | 1 | 0 | |||
272 | 1000383 | 0.002500 | 1000536 | 37261100195 | 1 | 1 | 0 | |||
273 | 1000383 | 0.002500 | 1004639 | 104-12070621 | 1 | 1 | 0 | |||
274 | 1000383 | 0.002500 | 1004639 | 105-12040329 | 1 | 1 | 0 | |||
275 | 1000383 | 0.002500 | 1000235 | 1203196SWV | 1 | 1 | 0 | |||
276 | 1000383 | 0.002500 | 1000235 | 1206083SWV | 1 | 1 | 0 | |||
277 | 1000383 | 0.002500 | 1000235 | 1206600YUB | 1 | 1 | 0 | |||
278 | 1000383 | 0.002500 | 1000235 | 1207879BEL | 1 | 1 | 0 | |||
279 | 1000383 | 0.002500 | 1000235 | 1208941BEL | 1 | 1 | 0 | |||
280 | 1000383 | 0.002500 | 1000235 | 1209959SWV | 1 | 1 | 0 | |||
281 | 1000383 | 0.002500 | 1000235 | 1210311SEA | 1 | 1 | 0 | |||
282 | 1000383 | 0.002500 | 1000235 | 1210572SWV | 1 | 1 | 0 | |||
283 | 1000383 | 0.002500 | 1000235 | 1211123BEL | 1 | 1 | 0 | |||
284 | 1002338 | 0.002500 | 1002338 | 12-114354-4 | 1 | 1 | 0 | |||
285 | 1002338 | 0.002500 | 1002338 | 12-114374-2 | 1 | 1 | 0 | |||
286 | 1000383 | 0.002500 | 1004639 | 123-1204004 | 1 | 1 | 0 | |||
287 | 1002338 | 0.002500 | 1002338 | 12-479542-3 | 1 | 1 | 0 | |||
288 | 1002338 | 0.002500 | 1002338 | 12-479707-2 | 1 | 1 | 0 | |||
289 | 1002338 | 0.002500 | 1002338 | 12-479747-8 | 1 | 1 | 0 | |||
290 | 1002338 | 0.002500 | 1002338 | 12-480088-4 | 1 | 1 | 0 | |||
291 | 1002338 | 0.002500 | 1002338 | 12-480825-9 | 1 | 1 | 0 | |||
292 | 1002338 | 0.002500 | 1002338 | 12-480951-3 | 1 | 1 | 0 | |||
293 | 1002338 | 0.002500 | 1002338 | 12-481204-6 | 1 | 1 | 0 | |||
294 | 1002338 | 0.002500 | 1002338 | 12-481482-8 | 1 | 1 | 0 | |||
295 | 1002338 | 0.002500 | 1002338 | 12-481513-0 | 1 | 1 | 0 | |||
296 | 1002338 | 0.002500 | 1002338 | 12-481566-8 | 1 | 1 | 0 | |||
297 | 1002338 | 0.002500 | 1002338 | 12-481793-8 | 1 | 1 | 0 | |||
298 | 1002338 | 0.002500 | 1002338 | 12-481858-9 | 1 | 1 | 0 | |||
299 | 1002338 | 0.002500 | 1002338 | 12-481921-5 | 1 | 1 | 0 | |||
300 | 1002338 | 0.002500 | 1002338 | 12-481983-5 | 1 | 1 | 0 | |||
301 | 1002338 | 0.002500 | 1002338 | 12-481988-4 | 1 | 1 | 0 | |||
302 | 1002338 | 0.002500 | 1002338 | 12-481990-0 | 1 | 1 | 0 | |||
303 | 1002338 | 0.002500 | 1002338 | 12-482058-5 | 1 | 1 | 0 | |||
304 | 1002338 | 0.002500 | 1002338 | 12-482111-2 | 1 | 1 | 0 | |||
305 | 1002338 | 0.002500 | 1002338 | 12-482276-3 | 1 | 1 | 0 | |||
306 | 1002338 | 0.002500 | 1002338 | 12-482641-8 | 1 | 1 | 0 | |||
307 | 1002338 | 0.002500 | 1002338 | 12-482701-0 | 1 | 1 | 0 | |||
308 | 1002338 | 0.002500 | 1002338 | 12-482738-2 | 1 | 1 | 0 | |||
309 | 1002338 | 0.002500 | 1002338 | 12-482858-8 | 1 | 1 | 0 | |||
310 | 1002338 | 0.002500 | 1002338 | 12-482862-0 | 1 | 1 | 0 | |||
311 | 1002338 | 0.002500 | 1002338 | 12-482994-1 | 1 | 1 | 0 | |||
312 | 1002338 | 0.002500 | 1002338 | 12-483182-2 | 1 | 1 | 0 | |||
313 | 1002338 | 0.002500 | 1002338 | 12-483208-5 | 1 | 1 | 0 | |||
314 | 1002338 | 0.002500 | 1002338 | 12-483211-9 | 1 | 1 | 0 | |||
315 | 1002338 | 0.002500 | 1002338 | 12-483375-2 | 1 | 1 | 0 | |||
316 | 1002338 | 0.002500 | 1002338 | 12-483447-9 | 1 | 1 | 0 | |||
317 | 1002338 | 0.002500 | 1002338 | 12-483604-5 | 1 | 1 | 0 | |||
318 | 1002338 | 0.002500 | 1002338 | 12-483753-0 | 1 | 1 | 0 | |||
319 | 1002338 | 0.002500 | 1002338 | 12-483755-5 | 1 | 1 | 0 | |||
320 | 1002338 | 0.002500 | 1002338 | 12-483782-9 | 1 | 1 | 0 | |||
321 | 1002338 | 0.002500 | 1002338 | 12-483830-6 | 1 | 1 | 0 | |||
322 | 1002338 | 0.002500 | 1002338 | 12-483889-2 | 1 | 1 | 0 | |||
323 | 1002338 | 0.002500 | 1002338 | 12-483890-0 | 1 | 1 | 0 | |||
324 | 1002338 | 0.002500 | 1002338 | 12-483975-9 | 1 | 1 | 0 | |||
325 | 1002338 | 0.002500 | 1002338 | 12-484000-5 | 1 | 1 | 0 | |||
326 | 1002338 | 0.002500 | 1002338 | 12-484090-6 | 1 | 1 | 0 | |||
327 | 1002338 | 0.002500 | 1002338 | 12-484244-9 | 1 | 1 | 0 | |||
328 | 1002338 | 0.002500 | 1002338 | 12-484258-9 | 1 | 1 | 0 | |||
329 | 1002338 | 0.002500 | 1002338 | 12-484331-4 | 1 | 1 | 0 | |||
330 | 1002338 | 0.002500 | 1002338 | 12-484412-2 | 1 | 1 | 0 | |||
331 | 1002338 | 0.002500 | 1002338 | 12-484609-3 | 1 | 1 | 0 | |||
332 | 1002338 | 0.002500 | 1002338 | 12-485451-9 | 1 | 1 | 0 | |||
333 | 1002338 | 0.002500 | 1002338 | 12-485560-7 | 1 | 1 | 0 | |||
334 | 1002338 | 0.002500 | 1002338 | 12-486275-1 | 1 | 1 | 0 | |||
335 | 1002338 | 0.002500 | 1002338 | 12-486605-9 | 1 | 1 | 0 | |||
336 | 1002338 | 0.002500 | 1002338 | 12-486740-4 | 1 | 1 | 0 | |||
337 | 1002338 | 0.002500 | 1002338 | 12-486777-6 | 1 | 1 | 0 | |||
338 | 1002338 | 0.002500 | 1002338 | 12-486786-7 | 1 | 1 | 0 | |||
339 | 1002338 | 0.002500 | 1002338 | 12-486969-9 | 1 | 1 | 0 | |||
340 | 1002338 | 0.002500 | 1002338 | 12-487232-1 | 1 | 1 | 0 | |||
341 | 1002338 | 0.002500 | 1002338 | 12-487265-1 | 1 | 1 | 0 | |||
342 | 1002338 | 0.002500 | 1002338 | 12-487553-0 | 1 | 1 | 0 | |||
343 | 1002338 | 0.002500 | 1002338 | 12-487558-9 | 1 | 1 | 0 | |||
344 | 1002338 | 0.002500 | 1002338 | 12-487627-2 | 1 | 1 | 0 | |||
345 | 1002338 | 0.002500 | 1002338 | 12-487644-7 | 1 | 1 | 0 | |||
346 | 1002338 | 0.002500 | 1002338 | 12-487685-0 | 1 | 1 | 0 | |||
347 | 1002338 | 0.002500 | 1002338 | 12-487738-7 | 1 | 1 | 0 | |||
348 | 1002338 | 0.002500 | 1002338 | 12-487841-9 | 1 | 1 | 0 | |||
349 | 1002338 | 0.002500 | 1002338 | 12-487892-2 | 1 | 1 | 0 | |||
350 | 1002338 | 0.002500 | 1002338 | 12-487960-7 | 1 | 1 | 0 | |||
351 | 1002338 | 0.002500 | 1002338 | 12-487967-2 | 1 | 1 | 0 | |||
352 | 1002338 | 0.002500 | 1002338 | 12-487973-0 | 1 | 1 | 0 | |||
353 | 1002338 | 0.002500 | 1002338 | 12-488037-3 | 1 | 1 | 0 | |||
354 | 1002338 | 0.002500 | 1002338 | 12-488039-9 | 1 | 1 | 0 | |||
355 | 1002338 | 0.002500 | 1002338 | 12-488088-6 | 1 | 1 | 0 | |||
356 | 1002338 | 0.002500 | 1002338 | 12-488101-7 | 1 | 1 | 0 | |||
357 | 1002338 | 0.002500 | 1002338 | 12-488256-9 | 1 | 1 | 0 | |||
358 | 1002338 | 0.002500 | 1002338 | 12-488271-8 | 1 | 1 | 0 | |||
359 | 1002338 | 0.002500 | 1002338 | 12-488985-3 | 1 | 1 | 0 | |||
360 | 1002338 | 0.002500 | 1002338 | 12-489184-2 | 1 | 1 | 0 | |||
361 | 1002338 | 0.002500 | 1002338 | 12-489250-1 | 1 | 1 | 0 | |||
362 | 1002338 | 0.002500 | 1002338 | 12-489820-1 | 1 | 1 | 0 | |||
363 | 1000383 | 0.002500 | 1000497 | 2012-2039137 | 1 | 1 | 0 | |||
364 | 1000383 | 0.002500 | 1000497 | 2012-2098557 | 1 | 1 | 0 | |||
365 | 1000383 | 0.002500 | 1000199 | 800-1001466 | 1 | 1 | 0 | |||
366 | 1000383 | 0.002500 | 1003626 | 23610 | 1 | 1 | 0 | |||
367 | 1000383 | 0.002500 | 1002793 | 000049640 | 1 | 1 | 0 | |||
368 | 1000383 | 0.002500 | 1008808 | 6026946 | 1 | 1 | 0 | |||
369 | 1000383 | 0.002500 | 1005723 | 38348553 | 1 | 1 | 0 | |||
370 | 1000383 | 0.002500 | 1006324 | 70120404 | 1 | 1 | 0 | |||
371 | 1000383 | 0.002500 | 1003924 | 121098015 | 1 | 1 | 0 | |||
372 | 1000383 | 0.002500 | 1003924 | 940085780 | 1 | 1 | 0 | |||
373 | 1000383 | 0.002500 | 1000324 | 1351220801 | 1 | 1 | 0 | |||
374 | 1000383 | 0.002500 | 1000324 | 1351231109 | 1 | 1 | 0 | |||
375 | 1000383 | 0.002500 | 1003970 | 2012000830 | 1 | 1 | 0 | |||
376 | 1000383 | 0.002500 | 1003970 | 2012000894 | 1 | 1 | 0 | |||
377 | 1000383 | 0.002500 | 1000536 | 2117602442 | 1 | 1 | 0 | |||
378 | 1000383 | 0.002500 | 1000536 | 2117602852 | 1 | 1 | 0 | |||
379 | 1000383 | 0.002500 | 1001770 | 3900000647 | 1 | 1 | 0 | |||
380 | 1000383 | 0.002500 | 1001105 | 6000114808 | 1 | 1 | 0 | |||
381 | 1000383 | 0.002500 | 1001105 | 6000125390 | 1 | 1 | 0 | |||
382 | 1000200 | 0.002500 | 1000200 | 7116375358 | 1 | 1 | 0 | |||
383 | 1000383 | 0.002500 | 1000536 | 22701100164 | 1 | 1 | 0 | |||
384 | 1002338 | 0.002500 | 1002338 | 12-489544-7 | 1 | 1 | 0 | |||
385 | 1000383 | 0.002500 | 1000536 | 21771100291 | 1 | 1 | 0 | |||
386 | 1000383 | 0.002500 | 1000457 | 89829717 | 1 | 1 | 0 | |||
387 | 1000383 | 0.002500 | 1001105 | 8001042764 | 1 | 1 | 0 | |||
388 | 1000200 | 0.002500 | 1000200 | 7116385506 | 1 | 1 | 0 | |||
389 | 1000200 | 0.002500 | 1000200 | 7125196936 | 1 | 1 | 0 | |||
390 | 1000200 | 0.002500 | 1000200 | 7125462775 | 1 | 1 | 0 |
11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | |
Loan Purpose | Cash Out Amount | Total Origination and Discount Points | Covered/High Cost Loan Indicator | Relocation Loan Indicator | Broker Indicator | Channel | Escrow Indicator | Senior
Loan Amount(s) |
Loan
Type of Most Senior Lien | |
1 | 6 | 1 | 0 | 0 | ||||||
2 | 9 | 1 | 0 | 0 | ||||||
3 | 3 | 1 | 4 | 0 | ||||||
4 | 3 | 1 | 0 | 0 | ||||||
5 | 9 | 1 | 4 | 0 | ||||||
6 | 9 | 1 | 0 | 0 | ||||||
7 | 9 | 1 | 0 | 0 | ||||||
8 | 7 | 1 | 0 | 0 | ||||||
9 | 9 | 1 | 4 | 0 | ||||||
10 | 7 | 1 | 4 | 0 | ||||||
11 | 7 | 1 | 4 | 0 | ||||||
12 | 9 | 1 | 4 | 0 | ||||||
13 | 9 | 1 | 4 | 0 | ||||||
14 | 7 | 1 | 0 | 0 | ||||||
15 | 9 | 1 | 4 | 0 | ||||||
16 | 7 | 1 | 4 | 0 | ||||||
17 | 9 | 1 | 0 | 0 | ||||||
18 | 7 | 1 | 0 | 0 | ||||||
19 | 9 | 1 | 4 | 0 | ||||||
20 | 9 | 1 | 4 | 0 | ||||||
21 | 9 | 1 | 0 | 0 | ||||||
22 | 9 | 1 | 4 | 0 | ||||||
23 | 3 | 1 | 0 | 0 | ||||||
24 | 7 | 1 | 4 | 0 | ||||||
25 | 7 | 1 | 4 | 0 | ||||||
26 | 9 | 1 | 0 | 0 | ||||||
27 | 7 | 1 | 0 | 0 | ||||||
28 | 7 | 1 | 4 | 0 | ||||||
29 | 9 | 2 | 0 | 0 | ||||||
30 | 9 | 5 | 4 | 0 | ||||||
31 | 9 | 1 | 4 | 0 | ||||||
32 | 9 | 1 | 4 | 0 | ||||||
33 | 9 | 1 | 0 | 0 | ||||||
34 | 7 | 1 | 0 | 0 | ||||||
35 | 7 | 1 | 4 | 0 | ||||||
36 | 9 | 1 | 0 | 0 | ||||||
37 | 9 | 1 | 0 | 0 | ||||||
38 | 9 | 1 | 0 | 0 | ||||||
39 | 7 | 1 | 0 | 0 | ||||||
40 | 7 | 1 | 0 | 0 | ||||||
41 | 7 | 1 | 4 | 0 | ||||||
42 | 7 | 1 | 4 | 0 | ||||||
43 | 7 | 1 | 4 | 0 | ||||||
44 | 7 | 1 | 4 | 0 | ||||||
45 | 7 | 1 | 4 | 0 | ||||||
46 | 7 | 2 | 0 | 0 | ||||||
47 | 9 | 5 | 0 | 0 | ||||||
48 | 7 | 1 | 4 | 0 | ||||||
49 | 9 | 2 | 4 | 0 | ||||||
50 | 9 | 5 | 0 | 0 | ||||||
51 | 3 | 5 | 4 | 0 | ||||||
52 | 9 | 2 | 4 | 0 | ||||||
53 | 3 | 1 | 4 | 0 | ||||||
54 | 9 | 2 | 4 | 0 | ||||||
55 | 7 | 2 | 0 | 0 | ||||||
56 | 7 | 5 | 4 | 0 | ||||||
57 | 9 | 2 | 4 | 0 | ||||||
58 | 3 | 5 | 0 | 0 | ||||||
59 | 7 | 1 | 0 | 0 | ||||||
60 | 9 | 5 | 0 | 0 | ||||||
61 | 7 | 2 | 4 | 0 | ||||||
62 | 7 | 5 | 0 | 0 | ||||||
63 | 7 | 5 | 4 | 0 | ||||||
64 | 7 | 1 | 0 | 0 | ||||||
65 | 7 | 2 | 4 | 0 | ||||||
66 | 9 | 1 | 4 | 0 | ||||||
67 | 9 | 5 | 0 | 0 | ||||||
68 | 6 | 2 | 4 | 0 | ||||||
69 | 9 | 1 | 4 | 0 | ||||||
70 | 9 | 5 | 4 | 0 | ||||||
71 | 9 | 1 | 0 | 0 | ||||||
72 | 7 | 5 | 4 | 0 | ||||||
73 | 9 | 5 | 4 | 0 | ||||||
74 | 3 | 2 | 4 | 0 | ||||||
75 | 9 | 2 | 0 | 0 | ||||||
76 | 3 | 2 | 0 | 0 | ||||||
77 | 9 | 2 | 4 | 0 | ||||||
78 | 7 | 5 | 4 | 0 | ||||||
79 | 3 | 5 | 0 | 0 | ||||||
80 | 9 | 1 | 0 | 0 | ||||||
81 | 7 | 5 | 4 | 0 | ||||||
82 | 7 | 5 | 0 | 0 | ||||||
83 | 9 | 5 | 0 | 0 | ||||||
84 | 7 | 5 | 4 | 0 | ||||||
85 | 9 | 5 | 0 | 0 | ||||||
86 | 7 | 5 | 4 | 0 | ||||||
87 | 7 | 2 | 4 | 0 | ||||||
88 | 7 | 1 | 4 | 0 | ||||||
89 | 7 | 1 | 4 | 0 | ||||||
90 | 9 | 1 | 0 | 0 | ||||||
91 | 7 | 1 | 4 | 0 | ||||||
92 | 9 | 1 | 0 | 0 | ||||||
93 | 9 | 1 | 0 | 0 | ||||||
94 | 6 | 2 | 4 | 0 | ||||||
95 | 7 | 1 | 4 | 0 | ||||||
96 | 7 | 1 | 4 | 0 | ||||||
97 | 7 | 1 | 4 | 0 | ||||||
98 | 9 | 1 | 4 | 0 | ||||||
99 | 9 | 1 | 0 | 0 | ||||||
100 | 9 | 1 | 4 | 0 | ||||||
101 | 7 | 1 | 0 | 0 | ||||||
102 | 9 | 1 | 4 | 0 | ||||||
103 | 7 | 1 | 4 | 0 | ||||||
104 | 9 | 1 | 0 | 0 | ||||||
105 | 7 | 1 | 0 | 0 | ||||||
106 | 9 | 1 | 4 | 0 | ||||||
107 | 9 | 1 | 4 | 0 | ||||||
108 | 9 | 1 | 4 | 0 | ||||||
109 | 9 | 1 | 4 | 0 | ||||||
110 | 3 | 1 | 4 | 0 | ||||||
111 | 9 | 1 | 0 | 0 | ||||||
112 | 9 | 2 | 4 | 0 | ||||||
113 | 9 | 2 | 4 | 0 | ||||||
114 | 9 | 2 | 0 | 0 | ||||||
115 | 7 | 2 | 4 | 0 | ||||||
116 | 9 | 2 | 0 | 0 | ||||||
117 | 9 | 2 | 0 | 0 | ||||||
118 | 9 | 2 | 0 | 0 | ||||||
119 | 7 | 2 | 0 | 0 | ||||||
120 | 9 | 2 | 0 | 0 | ||||||
121 | 9 | 2 | 4 | 0 | ||||||
122 | 9 | 2 | 4 | 0 | ||||||
123 | 9 | 2 | 4 | 0 | ||||||
124 | 9 | 2 | 4 | 0 | ||||||
125 | 7 | 2 | 4 | 0 | ||||||
126 | 7 | 2 | 4 | 0 | ||||||
127 | 7 | 2 | 4 | 0 | ||||||
128 | 7 | 2 | 4 | 0 | ||||||
129 | 9 | 1 | 0 | 0 | ||||||
130 | 9 | 1 | 0 | 0 | ||||||
131 | 7 | 1 | 0 | 0 | ||||||
132 | 9 | 1 | 0 | 0 | ||||||
133 | 7 | 1 | 0 | 0 | ||||||
134 | 9 | 1 | 0 | 0 | ||||||
135 | 7 | 1 | 4 | 0 | ||||||
136 | 9 | 1 | 0 | 0 | ||||||
137 | 9 | 1 | 0 | 0 | ||||||
138 | 7 | 1 | 0 | 0 | ||||||
139 | 9 | 2 | 0 | 0 | ||||||
140 | 7 | 1 | 4 | 0 | ||||||
141 | 7 | 1 | 0 | 0 | ||||||
142 | 9 | 1 | 0 | 0 | ||||||
143 | 9 | 1 | 0 | 0 | ||||||
144 | 7 | 2 | 4 | 0 | ||||||
145 | 7 | 2 | 4 | 0 | ||||||
146 | 7 | 1 | 0 | 0 | ||||||
147 | 9 | 5 | 4 | 0 | ||||||
148 | 7 | 1 | 4 | 0 | ||||||
149 | 3 | 1 | 4 | 0 | ||||||
150 | 9 | 1 | 0 | 0 | ||||||
151 | 3 | 1 | 4 | 0 | ||||||
152 | 7 | 1 | 4 | 0 | ||||||
153 | 9 | 1 | 0 | 0 | ||||||
154 | 9 | 1 | 4 | 0 | ||||||
155 | 9 | 1 | 4 | 0 | ||||||
156 | 9 | 1 | 0 | 0 | ||||||
157 | 9 | 1 | 4 | 0 | ||||||
158 | 9 | 1 | 0 | 0 | ||||||
159 | 9 | 1 | 1 | 0 | ||||||
160 | 9 | 1 | 0 | 0 | ||||||
161 | 9 | 1 | 4 | 0 | ||||||
162 | 9 | 1 | 4 | 0 | ||||||
163 | 7 | 1 | 0 | 0 | ||||||
164 | 9 | 1 | 4 | 0 | ||||||
165 | 9 | 1 | 4 | 0 | ||||||
166 | 7 | 1 | 4 | 0 | ||||||
167 | 7 | 1 | 4 | 0 | ||||||
168 | 7 | 1 | 4 | 0 | ||||||
169 | 9 | 1 | 4 | 0 | ||||||
170 | 7 | 1 | 4 | 0 | ||||||
171 | 7 | 1 | 4 | 0 | ||||||
172 | 3 | 1 | 4 | 0 | ||||||
173 | 3 | 1 | 4 | 0 | ||||||
174 | 9 | 1 | 4 | 0 | ||||||
175 | 9 | 1 | 4 | 0 | ||||||
176 | 9 | 1 | 4 | 0 | ||||||
177 | 7 | 1 | 4 | 0 | ||||||
178 | 9 | 1 | 0 | 0 | ||||||
179 | 9 | 1 | 0 | 0 | ||||||
180 | 9 | 1 | 0 | 0 | ||||||
181 | 7 | 1 | 0 | 0 | ||||||
182 | 7 | 1 | 0 | 0 | ||||||
183 | 7 | 1 | 0 | 0 | ||||||
184 | 7 | 1 | 4 | 0 | ||||||
185 | 3 | 1 | 4 | 0 | ||||||
186 | 9 | 1 | 4 | 0 | ||||||
187 | 9 | 1 | 4 | 0 | ||||||
188 | 7 | 1 | 0 | 0 | ||||||
189 | 7 | 1 | 0 | 0 | ||||||
190 | 9 | 1 | 0 | 0 | ||||||
191 | 7 | 2 | 0 | 0 | ||||||
192 | 7 | 2 | 0 | 0 | ||||||
193 | 7 | 1 | 0 | 0 | ||||||
194 | 9 | 2 | 0 | 0 | ||||||
195 | 6 | 2 | 0 | 0 | ||||||
196 | 7 | 2 | 4 | 0 | ||||||
197 | 3 | 1 | 4 | 0 | ||||||
198 | 9 | 1 | 0 | 0 | ||||||
199 | 7 | 1 | 4 | 0 | ||||||
200 | 9 | 1 | 4 | 0 | ||||||
201 | 7 | 1 | 4 | 0 | ||||||
202 | 7 | 1 | 4 | 0 | ||||||
203 | 9 | 1 | 4 | 0 | ||||||
204 | 9 | 1 | 4 | 0 | ||||||
205 | 9 | 2 | 0 | 0 | ||||||
206 | 9 | 2 | 0 | 0 | ||||||
207 | 9 | 2 | 0 | 0 | ||||||
208 | 9 | 2 | 0 | 0 | ||||||
209 | 9 | 2 | 0 | 0 | ||||||
210 | 9 | 2 | 4 | 0 | ||||||
211 | 7 | 2 | 4 | 0 | ||||||
212 | 9 | 2 | 0 | 0 | ||||||
213 | 7 | 2 | 4 | 0 | ||||||
214 | 7 | 2 | 4 | 0 | ||||||
215 | 7 | 2 | 4 | 0 | ||||||
216 | 7 | 2 | 0 | 0 | ||||||
217 | 7 | 1 | 4 | 0 | ||||||
218 | 9 | 1 | 0 | 0 | ||||||
219 | 9 | 1 | 0 | 0 | ||||||
220 | 9 | 1 | 4 | 0 | ||||||
221 | 7 | 1 | 4 | 0 | ||||||
222 | 3 | 1 | 0 | 0 | ||||||
223 | 9 | 1 | 4 | 0 | ||||||
224 | 9 | 1 | 0 | 0 | ||||||
225 | 7 | 1 | 4 | 0 | ||||||
226 | 7 | 1 | 4 | 0 | ||||||
227 | 7 | 1 | 4 | 0 | ||||||
228 | 9 | 1 | 0 | 0 | ||||||
229 | 9 | 1 | 0 | 0 | ||||||
230 | 7 | 1 | 0 | 0 | ||||||
231 | 7 | 1 | 0 | 0 | ||||||
232 | 9 | 1 | 4 | 0 | ||||||
233 | 9 | 1 | 4 | 0 | ||||||
234 | 9 | 1 | 0 | 0 | ||||||
235 | 3 | 1 | 0 | 0 | ||||||
236 | 7 | 1 | 0 | 0 | ||||||
237 | 9 | 1 | 0 | 0 | ||||||
238 | 9 | 1 | 0 | 0 | ||||||
239 | 7 | 1 | 0 | 0 | ||||||
240 | 9 | 1 | 0 | 0 | ||||||
241 | 9 | 1 | 0 | 0 | ||||||
242 | 7 | 1 | 4 | 0 | ||||||
243 | 9 | 1 | 4 | 0 | ||||||
244 | 9 | 1 | 4 | 0 | ||||||
245 | 7 | 1 | 0 | 0 | ||||||
246 | 7 | 1 | 4 | 0 | ||||||
247 | 7 | 1 | 4 | 0 | ||||||
248 | 9 | 1 | 4 | 0 | ||||||
249 | 9 | 1 | 4 | 0 | ||||||
250 | 7 | 1 | 0 | 0 | ||||||
251 | 9 | 1 | 4 | 0 | ||||||
252 | 3 | 1 | 4 | 0 | ||||||
253 | 9 | 1 | 4 | 0 | ||||||
254 | 9 | 1 | 0 | 0 | ||||||
255 | 9 | 1 | 0 | 0 | ||||||
256 | 9 | 1 | 4 | 0 | ||||||
257 | 3 | 1 | 0 | 0 | ||||||
258 | 7 | 1 | 4 | 0 | ||||||
259 | 7 | 1 | 0 | 0 | ||||||
260 | 9 | 1 | 4 | 0 | ||||||
261 | 7 | 1 | 0 | 0 | ||||||
262 | 7 | 1 | 0 | 0 | ||||||
263 | 7 | 1 | 4 | 0 | ||||||
264 | 7 | 1 | 4 | 0 | ||||||
265 | 7 | 1 | 0 | 0 | ||||||
266 | 7 | 1 | 4 | 0 | ||||||
267 | 7 | 1 | 0 | 0 | ||||||
268 | 7 | 1 | 0 | 0 | ||||||
269 | 9 | 1 | 0 | 0 | ||||||
270 | 7 | 1 | 0 | 0 | ||||||
271 | 9 | 1 | 0 | 0 | ||||||
272 | 9 | 1 | 0 | 0 | ||||||
273 | 7 | 1 | 0 | 0 | ||||||
274 | 9 | 1 | 0 | 0 | ||||||
275 | 7 | 1 | 4 | 0 | ||||||
276 | 3 | 1 | 4 | 0 | ||||||
277 | 9 | 1 | 4 | 0 | ||||||
278 | 7 | 1 | 4 | 0 | ||||||
279 | 7 | 1 | 4 | 0 | ||||||
280 | 7 | 1 | 4 | 0 | ||||||
281 | 7 | 1 | 4 | 0 | ||||||
282 | 9 | 1 | 0 | 0 | ||||||
283 | 7 | 1 | 4 | 0 | ||||||
284 | 7 | 1 | 0 | 0 | ||||||
285 | 7 | 1 | 0 | 0 | ||||||
286 | 7 | 1 | 4 | 0 | ||||||
287 | 9 | 1 | 0 | 0 | ||||||
288 | 3 | 1 | 0 | 0 | ||||||
289 | 3 | 1 | 0 | 0 | ||||||
290 | 9 | 1 | 0 | 0 | ||||||
291 | 9 | 1 | 0 | 0 | ||||||
292 | 9 | 1 | 0 | 0 | ||||||
293 | 7 | 1 | 0 | 0 | ||||||
294 | 7 | 1 | 0 | 0 | ||||||
295 | 6 | 1 | 0 | 0 | ||||||
296 | 7 | 1 | 0 | 0 | ||||||
297 | 7 | 1 | 0 | 0 | ||||||
298 | 3 | 1 | 0 | 0 | ||||||
299 | 9 | 1 | 0 | 0 | ||||||
300 | 7 | 1 | 0 | 0 | ||||||
301 | 7 | 1 | 0 | 0 | ||||||
302 | 9 | 1 | 0 | 0 | ||||||
303 | 9 | 1 | 0 | 0 | ||||||
304 | 9 | 1 | 0 | 0 | ||||||
305 | 7 | 1 | 0 | 0 | ||||||
306 | 3 | 1 | 0 | 0 | ||||||
307 | 9 | 1 | 0 | 0 | ||||||
308 | 9 | 1 | 0 | 0 | ||||||
309 | 6 | 1 | 0 | 0 | ||||||
310 | 7 | 1 | 0 | 0 | ||||||
311 | 9 | 1 | 0 | 0 | ||||||
312 | 9 | 1 | 0 | 0 | ||||||
313 | 9 | 1 | 1 | 0 | ||||||
314 | 9 | 1 | 0 | 0 | ||||||
315 | 7 | 1 | 0 | 0 | ||||||
316 | 7 | 1 | 0 | 0 | ||||||
317 | 9 | 1 | 0 | 0 | ||||||
318 | 7 | 1 | 0 | 0 | ||||||
319 | 7 | 1 | 0 | 0 | ||||||
320 | 9 | 1 | 0 | 0 | ||||||
321 | 7 | 1 | 0 | 0 | ||||||
322 | 9 | 1 | 0 | 0 | ||||||
323 | 3 | 1 | 0 | 0 | ||||||
324 | 6 | 1 | 0 | 0 | ||||||
325 | 6 | 1 | 0 | 0 | ||||||
326 | 3 | 1 | 0 | 0 | ||||||
327 | 7 | 1 | 0 | 0 | ||||||
328 | 7 | 1 | 0 | 0 | ||||||
329 | 9 | 1 | 0 | 0 | ||||||
330 | 3 | 1 | 0 | 0 | ||||||
331 | 7 | 1 | 0 | 0 | ||||||
332 | 9 | 1 | 0 | 0 | ||||||
333 | 6 | 1 | 0 | 0 | ||||||
334 | 7 | 1 | 0 | 0 | ||||||
335 | 7 | 1 | 0 | 0 | ||||||
336 | 9 | 1 | 0 | 0 | ||||||
337 | 3 | 1 | 0 | 0 | ||||||
338 | 7 | 1 | 4 | 0 | ||||||
339 | 9 | 1 | 0 | 0 | ||||||
340 | 9 | 1 | 0 | 0 | ||||||
341 | 3 | 1 | 0 | 0 | ||||||
342 | 9 | 1 | 0 | 0 | ||||||
343 | 7 | 1 | 0 | 0 | ||||||
344 | 9 | 1 | 0 | 0 | ||||||
345 | 9 | 1 | 0 | 0 | ||||||
346 | 6 | 1 | 0 | 0 | ||||||
347 | 9 | 1 | 0 | 0 | ||||||
348 | 7 | 1 | 0 | 0 | ||||||
349 | 9 | 1 | 0 | 0 | ||||||
350 | 7 | 1 | 0 | 0 | ||||||
351 | 9 | 1 | 0 | 0 | ||||||
352 | 9 | 1 | 0 | 0 | ||||||
353 | 7 | 1 | 0 | 0 | ||||||
354 | 9 | 1 | 0 | 0 | ||||||
355 | 7 | 1 | 0 | 0 | ||||||
356 | 7 | 1 | 0 | 0 | ||||||
357 | 7 | 1 | 0 | 0 | ||||||
358 | 7 | 1 | 0 | 0 | ||||||
359 | 7 | 1 | 0 | 0 | ||||||
360 | 7 | 1 | 0 | 0 | ||||||
361 | 7 | 1 | 0 | 0 | ||||||
362 | 7 | 1 | 0 | 0 | ||||||
363 | 9 | 1 | 4 | 0 | ||||||
364 | 7 | 1 | 4 | 0 | ||||||
365 | 7 | 1 | 4 | 0 | ||||||
366 | 7 | 1 | 0 | 0 | ||||||
367 | 7 | 1 | 4 | 0 | ||||||
368 | 7 | 1 | 0 | 0 | ||||||
369 | 9 | 1 | 4 | 0 | ||||||
370 | 9 | 1 | 4 | 0 | ||||||
371 | 7 | 1 | 0 | 0 | ||||||
372 | 7 | 1 | 4 | 0 | ||||||
373 | 9 | 2 | 4 | 0 | ||||||
374 | 9 | 2 | 4 | 0 | ||||||
375 | 9 | 1 | 1 | 0 | ||||||
376 | 9 | 1 | 1 | 0 | ||||||
377 | 9 | 1 | 4 | 0 | ||||||
378 | 9 | 1 | 4 | 0 | ||||||
379 | 7 | 1 | 0 | 0 | ||||||
380 | 9 | 2 | 0 | 0 | ||||||
381 | 9 | 2 | 0 | 0 | ||||||
382 | 7 | 1 | 4 | 0 | ||||||
383 | 9 | 1 | 4 | 0 | ||||||
384 | 7 | 1 | 0 | 0 | ||||||
385 | 3 | 1 | 0 | 0 | ||||||
386 | 9 | 5 | 0 | 0 | ||||||
387 | 9 | 1 | 0 | 0 | ||||||
388 | 9 | 1 | 0 | 0 | ||||||
389 | 7 | 1 | 4 | 0 | ||||||
390 | 7 | 1 | 4 | 0 |
21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | |
Hybrid
Period of Most Senior Lien (in months) |
Neg
Am Limit of Most Senior Lien |
Junior
Mortgage Balance |
Origination
Date of Most Senior Lien |
Origination Date | Original
Loan Amount |
Original
Interest Rate |
Original Amortization Term |
Original
Term to Maturity |
First
Payment Date of Loan | |
1 | 0.00 | 20120913 | 860000.00 | 0.041250 | 360 | 360 | 20121101 | |||
2 | 0.00 | 20120709 | 560000.00 | 0.047500 | 360 | 360 | 20120901 | |||
3 | 0.00 | 20120703 | 470000.00 | 0.047500 | 360 | 360 | 20120901 | |||
4 | 0.00 | 20120814 | 1350000.00 | 0.041250 | 360 | 360 | 20121001 | |||
5 | 0.00 | 20120726 | 960000.00 | 0.043750 | 360 | 360 | 20120901 | |||
6 | 0.00 | 20120830 | 520000.00 | 0.043750 | 360 | 360 | 20121001 | |||
7 | 0.00 | 20120725 | 817000.00 | 0.042500 | 360 | 360 | 20120901 | |||
8 | 0.00 | 20120810 | 588750.00 | 0.042500 | 360 | 360 | 20121001 | |||
9 | 0.00 | 20120709 | 756500.00 | 0.041250 | 360 | 360 | 20120901 | |||
10 | 0.00 | 20120622 | 600000.00 | 0.043750 | 360 | 360 | 20120801 | |||
11 | 0.00 | 20120726 | 512000.00 | 0.042500 | 360 | 360 | 20120901 | |||
12 | 0.00 | 20120830 | 634800.00 | 0.041250 | 360 | 360 | 20121001 | |||
13 | 0.00 | 20120815 | 906000.00 | 0.041250 | 360 | 360 | 20121001 | |||
14 | 0.00 | 20120710 | 527920.00 | 0.041250 | 360 | 360 | 20120901 | |||
15 | 0.00 | 20120831 | 656500.00 | 0.041250 | 360 | 360 | 20121001 | |||
16 | 0.00 | 20120828 | 681040.00 | 0.038750 | 360 | 360 | 20121001 | |||
17 | 0.00 | 20120723 | 456000.00 | 0.042500 | 360 | 360 | 20120901 | |||
18 | 0.00 | 20120723 | 680000.00 | 0.041250 | 360 | 360 | 20120901 | |||
19 | 0.00 | 20120719 | 775500.00 | 0.045000 | 360 | 360 | 20120901 | |||
20 | 0.00 | 20120821 | 800000.00 | 0.042500 | 360 | 360 | 20121001 | |||
21 | 0.00 | 20120808 | 507300.00 | 0.043750 | 360 | 360 | 20121001 | |||
22 | 0.00 | 20120719 | 720000.00 | 0.043750 | 360 | 360 | 20120901 | |||
23 | 0.00 | 20120723 | 975000.00 | 0.041250 | 360 | 360 | 20120901 | |||
24 | 0.00 | 20120607 | 550500.00 | 0.042500 | 360 | 360 | 20120801 | |||
25 | 0.00 | 20120514 | 2190000.00 | 0.041250 | 360 | 360 | 20120701 | |||
26 | 0.00 | 20120725 | 790000.00 | 0.045000 | 360 | 360 | 20120901 | |||
27 | 0.00 | 20120803 | 653200.00 | 0.045000 | 360 | 360 | 20121001 | |||
28 | 0.00 | 20120726 | 588000.00 | 0.040000 | 360 | 360 | 20120901 | |||
29 | 0.00 | 20120723 | 978000.00 | 0.042500 | 360 | 360 | 20120901 | |||
30 | 0.00 | 20120509 | 1242500.00 | 0.047500 | 360 | 360 | 20120701 | |||
31 | 0.00 | 20120802 | 812000.00 | 0.042500 | 360 | 360 | 20120901 | |||
32 | 0.00 | 20120809 | 784000.00 | 0.045000 | 360 | 360 | 20121001 | |||
33 | 0.00 | 20120723 | 595000.00 | 0.043750 | 360 | 360 | 20120901 | |||
34 | 0.00 | 20120822 | 511200.00 | 0.038750 | 360 | 360 | 20121001 | |||
35 | 0.00 | 20120831 | 512000.00 | 0.043750 | 360 | 360 | 20121001 | |||
36 | 0.00 | 20120727 | 750000.00 | 0.042500 | 360 | 360 | 20120901 | |||
37 | 0.00 | 20120829 | 930000.00 | 0.041250 | 360 | 360 | 20121001 | |||
38 | 0.00 | 20120806 | 570000.00 | 0.041250 | 360 | 360 | 20121001 | |||
39 | 0.00 | 20120702 | 700000.00 | 0.042500 | 360 | 360 | 20120901 | |||
40 | 0.00 | 20120724 | 820000.00 | 0.043750 | 360 | 360 | 20120901 | |||
41 | 0.00 | 20120710 | 800000.00 | 0.040000 | 360 | 360 | 20120901 | |||
42 | 0.00 | 20120802 | 840000.00 | 0.041250 | 360 | 360 | 20121001 | |||
43 | 0.00 | 20120824 | 760800.00 | 0.041250 | 360 | 360 | 20121001 | |||
44 | 0.00 | 20120906 | 1000000.00 | 0.038750 | 360 | 360 | 20121101 | |||
45 | 0.00 | 20120829 | 668000.00 | 0.042500 | 360 | 360 | 20121001 | |||
46 | 0.00 | 20120727 | 742000.00 | 0.042500 | 360 | 360 | 20120901 | |||
47 | 0.00 | 20120803 | 529500.00 | 0.043750 | 360 | 360 | 20121001 | |||
48 | 0.00 | 20120706 | 444000.00 | 0.043750 | 360 | 360 | 20120801 | |||
49 | 45100.00 | 20120724 | 474900.00 | 0.043750 | 360 | 360 | 20120901 | |||
50 | 0.00 | 20120523 | 635000.00 | 0.045000 | 360 | 360 | 20120701 | |||
51 | 0.00 | 20120705 | 471250.00 | 0.042500 | 360 | 360 | 20120901 | |||
52 | 0.00 | 20120810 | 930000.00 | 0.042500 | 360 | 360 | 20121001 | |||
53 | 0.00 | 20120711 | 900000.00 | 0.042500 | 360 | 360 | 20120901 | |||
54 | 0.00 | 20120716 | 962000.00 | 0.043750 | 360 | 360 | 20120901 | |||
55 | 0.00 | 20120613 | 705000.00 | 0.045000 | 360 | 360 | 20120801 | |||
56 | 0.00 | 20120627 | 573750.00 | 0.046250 | 360 | 360 | 20120801 | |||
57 | 0.00 | 20120619 | 898000.00 | 0.043750 | 360 | 360 | 20120801 | |||
58 | 0.00 | 20120720 | 570700.00 | 0.041250 | 360 | 360 | 20120901 | |||
59 | 0.00 | 20120710 | 1293750.00 | 0.045000 | 360 | 360 | 20120901 | |||
60 | 0.00 | 20120718 | 991000.00 | 0.040000 | 360 | 360 | 20120901 | |||
61 | 0.00 | 20120702 | 875000.00 | 0.042500 | 360 | 360 | 20120801 | |||
62 | 0.00 | 20120711 | 850000.00 | 0.041250 | 360 | 360 | 20120901 | |||
63 | 0.00 | 20120626 | 552000.00 | 0.046250 | 360 | 360 | 20120801 | |||
64 | 0.00 | 20120705 | 512000.00 | 0.041250 | 360 | 360 | 20120901 | |||
65 | 0.00 | 20120622 | 940000.00 | 0.041250 | 360 | 360 | 20120801 | |||
66 | 0.00 | 20120718 | 725000.00 | 0.046250 | 360 | 360 | 20120901 | |||
67 | 0.00 | 20120716 | 756000.00 | 0.042500 | 360 | 360 | 20120901 | |||
68 | 0.00 | 20120706 | 600000.00 | 0.038750 | 360 | 360 | 20120901 | |||
69 | 0.00 | 20120720 | 469000.00 | 0.045000 | 360 | 360 | 20120901 | |||
70 | 0.00 | 20120717 | 760000.00 | 0.046250 | 360 | 360 | 20120901 | |||
71 | 0.00 | 20120712 | 990000.00 | 0.040000 | 360 | 360 | 20120901 | |||
72 | 0.00 | 20120720 | 735000.00 | 0.042500 | 360 | 360 | 20120901 | |||
73 | 0.00 | 20120809 | 985000.00 | 0.046250 | 360 | 360 | 20121001 | |||
74 | 0.00 | 20120802 | 503750.00 | 0.042500 | 360 | 360 | 20120901 | |||
75 | 0.00 | 20120824 | 883000.00 | 0.040000 | 360 | 360 | 20121001 | |||
76 | 500000.00 | 20120718 | 1000000.00 | 0.038750 | 360 | 360 | 20120901 | |||
77 | 0.00 | 20120802 | 728000.00 | 0.042500 | 360 | 360 | 20121001 | |||
78 | 0.00 | 20120712 | 693750.00 | 0.045000 | 360 | 360 | 20120901 | |||
79 | 250000.00 | 20120822 | 1000000.00 | 0.042500 | 360 | 360 | 20121001 | |||
80 | 46500.00 | 20120717 | 710000.00 | 0.042500 | 360 | 360 | 20120901 | |||
81 | 0.00 | 20120816 | 675000.00 | 0.040000 | 360 | 360 | 20121001 | |||
82 | 0.00 | 20120802 | 997500.00 | 0.045000 | 360 | 360 | 20121001 | |||
83 | 0.00 | 20120821 | 615000.00 | 0.041250 | 360 | 360 | 20121001 | |||
84 | 0.00 | 20120815 | 630000.00 | 0.045000 | 360 | 360 | 20121001 | |||
85 | 0.00 | 20120824 | 750000.00 | 0.042500 | 360 | 360 | 20121001 | |||
86 | 0.00 | 20120830 | 556000.00 | 0.045000 | 360 | 360 | 20121001 | |||
87 | 0.00 | 20120821 | 632000.00 | 0.043750 | 360 | 360 | 20121001 | |||
88 | 0.00 | 20120824 | 604000.00 | 0.045000 | 360 | 360 | 20121001 | |||
89 | 0.00 | 20120726 | 880000.00 | 0.042500 | 360 | 360 | 20120901 | |||
90 | 0.00 | 20120822 | 867159.00 | 0.041250 | 360 | 360 | 20121001 | |||
91 | 0.00 | 20120727 | 1015000.00 | 0.037500 | 360 | 360 | 20120901 | |||
92 | 0.00 | 20120803 | 558000.00 | 0.043750 | 360 | 360 | 20121001 | |||
93 | 82400.00 | 20120725 | 722000.00 | 0.040000 | 360 | 360 | 20120901 | |||
94 | 0.00 | 20120716 | 792000.00 | 0.040000 | 360 | 360 | 20120901 | |||
95 | 0.00 | 20120731 | 999990.00 | 0.043750 | 360 | 360 | 20120901 | |||
96 | 0.00 | 20120710 | 857500.00 | 0.042500 | 360 | 360 | 20120901 | |||
97 | 0.00 | 20120813 | 1000000.00 | 0.043750 | 360 | 360 | 20121001 | |||
98 | 0.00 | 20120907 | 710000.00 | 0.045000 | 360 | 360 | 20121101 | |||
99 | 0.00 | 20120821 | 905000.00 | 0.042500 | 360 | 360 | 20121001 | |||
100 | 0.00 | 20120713 | 685000.00 | 0.042500 | 360 | 360 | 20120901 | |||
101 | 0.00 | 20120731 | 900000.00 | 0.041250 | 360 | 360 | 20120901 | |||
102 | 0.00 | 20120904 | 418000.00 | 0.040000 | 360 | 360 | 20121101 | |||
103 | 0.00 | 20120703 | 666250.00 | 0.042500 | 360 | 360 | 20120901 | |||
104 | 0.00 | 20120824 | 488500.00 | 0.041250 | 360 | 360 | 20121001 | |||
105 | 0.00 | 20120806 | 750000.00 | 0.042500 | 360 | 360 | 20121001 | |||
106 | 0.00 | 20120829 | 905000.00 | 0.042500 | 360 | 360 | 20121001 | |||
107 | 0.00 | 20120817 | 450000.00 | 0.042500 | 360 | 360 | 20121001 | |||
108 | 0.00 | 20120810 | 590000.00 | 0.041250 | 360 | 360 | 20121001 | |||
109 | 0.00 | 20120615 | 637500.00 | 0.042500 | 360 | 360 | 20120801 | |||
110 | 0.00 | 20120717 | 1234200.00 | 0.042500 | 360 | 360 | 20120901 | |||
111 | 0.00 | 20120827 | 892000.00 | 0.043750 | 360 | 360 | 20121001 | |||
112 | 0.00 | 20120724 | 803000.00 | 0.036250 | 360 | 360 | 20120901 | |||
113 | 0.00 | 20120720 | 518000.00 | 0.045000 | 360 | 360 | 20120901 | |||
114 | 0.00 | 20120710 | 510000.00 | 0.042500 | 360 | 360 | 20120901 | |||
115 | 0.00 | 20120720 | 867750.00 | 0.043750 | 360 | 360 | 20120901 | |||
116 | 0.00 | 20120803 | 736000.00 | 0.043750 | 360 | 360 | 20121001 | |||
117 | 0.00 | 20120716 | 817000.00 | 0.041250 | 360 | 360 | 20120901 | |||
118 | 0.00 | 20120730 | 677950.00 | 0.040000 | 360 | 360 | 20120901 | |||
119 | 0.00 | 20120801 | 804000.00 | 0.041250 | 360 | 360 | 20121001 | |||
120 | 0.00 | 20120820 | 1220000.00 | 0.041250 | 360 | 360 | 20121001 | |||
121 | 0.00 | 20120803 | 570000.00 | 0.043750 | 360 | 360 | 20121001 | |||
122 | 0.00 | 20120829 | 668000.00 | 0.042500 | 360 | 360 | 20121001 | |||
123 | 0.00 | 20120822 | 675000.00 | 0.038750 | 360 | 360 | 20121001 | |||
124 | 0.00 | 20120814 | 678000.00 | 0.041250 | 360 | 360 | 20121001 | |||
125 | 0.00 | 20120814 | 656000.00 | 0.042500 | 360 | 360 | 20121001 | |||
126 | 0.00 | 20120831 | 772000.00 | 0.042500 | 360 | 360 | 20121101 | |||
127 | 0.00 | 20120816 | 780000.00 | 0.043750 | 360 | 360 | 20121001 | |||
128 | 0.00 | 20120830 | 793000.00 | 0.040000 | 360 | 360 | 20121001 | |||
129 | 0.00 | 20120808 | 1092000.00 | 0.043750 | 360 | 360 | 20121001 | |||
130 | 0.00 | 20120824 | 761000.00 | 0.045000 | 360 | 360 | 20121001 | |||
131 | 0.00 | 20120731 | 595000.00 | 0.041250 | 360 | 360 | 20120901 | |||
132 | 0.00 | 20120726 | 807500.00 | 0.043750 | 360 | 360 | 20120901 | |||
133 | 0.00 | 20120731 | 561000.00 | 0.040000 | 360 | 360 | 20120901 | |||
134 | 0.00 | 20120718 | 578250.00 | 0.041250 | 360 | 360 | 20120901 | |||
135 | 0.00 | 20120830 | 564000.00 | 0.042500 | 360 | 360 | 20121001 | |||
136 | 0.00 | 20120823 | 703400.00 | 0.042500 | 360 | 360 | 20121001 | |||
137 | 0.00 | 20120830 | 988000.00 | 0.040000 | 360 | 360 | 20121001 | |||
138 | 0.00 | 20120820 | 1099000.00 | 0.040000 | 360 | 360 | 20121001 | |||
139 | 0.00 | 20120821 | 774000.00 | 0.042500 | 360 | 360 | 20121001 | |||
140 | 0.00 | 20120801 | 580000.00 | 0.043750 | 360 | 360 | 20121001 | |||
141 | 0.00 | 20120731 | 650000.00 | 0.040000 | 360 | 360 | 20120901 | |||
142 | 0.00 | 20120817 | 899200.00 | 0.042500 | 360 | 360 | 20121001 | |||
143 | 0.00 | 20120823 | 747500.00 | 0.040000 | 360 | 360 | 20121001 | |||
144 | 0.00 | 20120810 | 700000.00 | 0.041250 | 360 | 360 | 20121001 | |||
145 | 0.00 | 20120830 | 590800.00 | 0.038750 | 360 | 360 | 20121001 | |||
146 | 0.00 | 20120620 | 695000.00 | 0.042500 | 360 | 360 | 20120801 | |||
147 | 0.00 | 20120701 | 780000.00 | 0.042500 | 360 | 360 | 20120901 | |||
148 | 0.00 | 20120830 | 510000.00 | 0.042500 | 360 | 360 | 20121001 | |||
149 | 0.00 | 20120614 | 999000.00 | 0.042500 | 360 | 360 | 20120801 | |||
150 | 0.00 | 20120817 | 544400.00 | 0.042500 | 360 | 360 | 20121001 | |||
151 | 500000.00 | 20120821 | 810000.00 | 0.042500 | 360 | 360 | 20121001 | |||
152 | 0.00 | 20120712 | 1000000.00 | 0.038750 | 360 | 360 | 20120901 | |||
153 | 0.00 | 20120720 | 640760.00 | 0.043750 | 360 | 360 | 20120901 | |||
154 | 0.00 | 20120720 | 845000.00 | 0.042500 | 360 | 360 | 20120901 | |||
155 | 0.00 | 20120709 | 1000000.00 | 0.040000 | 360 | 360 | 20120901 | |||
156 | 0.00 | 20120810 | 980000.00 | 0.038750 | 360 | 360 | 20121001 | |||
157 | 200000.00 | 20120817 | 918000.00 | 0.042500 | 360 | 360 | 20121001 | |||
158 | 0.00 | 20120823 | 691000.00 | 0.038750 | 360 | 360 | 20121001 | |||
159 | 0.00 | 20120828 | 712000.00 | 0.040000 | 360 | 360 | 20121101 | |||
160 | 0.00 | 20120816 | 940000.00 | 0.040000 | 360 | 360 | 20121001 | |||
161 | 0.00 | 20120717 | 720000.00 | 0.040000 | 360 | 360 | 20120901 | |||
162 | 0.00 | 20120716 | 1000000.00 | 0.042500 | 360 | 360 | 20120901 | |||
163 | 0.00 | 20120710 | 617000.00 | 0.043750 | 360 | 360 | 20120901 | |||
164 | 0.00 | 20120710 | 1550000.00 | 0.040000 | 360 | 360 | 20120901 | |||
165 | 0.00 | 20120810 | 1063450.00 | 0.043750 | 360 | 360 | 20121001 | |||
166 | 0.00 | 20120821 | 564000.00 | 0.045000 | 360 | 360 | 20121001 | |||
167 | 0.00 | 20120801 | 549000.00 | 0.043750 | 360 | 360 | 20121001 | |||
168 | 0.00 | 20120827 | 799950.00 | 0.045000 | 360 | 360 | 20121001 | |||
169 | 0.00 | 20120718 | 775400.00 | 0.043750 | 360 | 360 | 20120901 | |||
170 | 0.00 | 20120817 | 650000.00 | 0.040000 | 360 | 360 | 20121001 | |||
171 | 0.00 | 20120731 | 990000.00 | 0.042500 | 360 | 360 | 20120901 | |||
172 | 0.00 | 20120822 | 625000.00 | 0.041250 | 360 | 360 | 20121001 | |||
173 | 0.00 | 20120810 | 1065000.00 | 0.040000 | 360 | 360 | 20121001 | |||
174 | 0.00 | 20120814 | 607500.00 | 0.042500 | 360 | 360 | 20121001 | |||
175 | 0.00 | 20120824 | 961200.00 | 0.041250 | 360 | 360 | 20121001 | |||
176 | 0.00 | 20120806 | 857000.00 | 0.043750 | 360 | 360 | 20121001 | |||
177 | 0.00 | 20120912 | 1500000.00 | 0.038750 | 360 | 360 | 20121101 | |||
178 | 99000.00 | 20120824 | 791000.00 | 0.040000 | 360 | 360 | 20121001 | |||
179 | 0.00 | 20120807 | 592000.00 | 0.045000 | 360 | 360 | 20121001 | |||
180 | 0.00 | 20120329 | 1406400.00 | 0.045000 | 360 | 360 | 20120501 | |||
181 | 0.00 | 20120801 | 756000.00 | 0.041250 | 360 | 360 | 20121001 | |||
182 | 0.00 | 20120731 | 485000.00 | 0.038750 | 360 | 360 | 20120901 | |||
183 | 0.00 | 20120730 | 920000.00 | 0.040000 | 360 | 360 | 20120901 | |||
184 | 0.00 | 20120831 | 560000.00 | 0.036250 | 360 | 360 | 20121001 | |||
185 | 0.00 | 20120709 | 1260000.00 | 0.043750 | 360 | 360 | 20120901 | |||
186 | 0.00 | 20120723 | 574000.00 | 0.041250 | 360 | 360 | 20120901 | |||
187 | 0.00 | 20120810 | 958100.00 | 0.043750 | 360 | 360 | 20121001 | |||
188 | 0.00 | 20120930 | 700000.00 | 0.042500 | 360 | 360 | 20121001 | |||
189 | 0.00 | 20120727 | 820000.00 | 0.040000 | 360 | 360 | 20120901 | |||
190 | 100000.00 | 20120730 | 782000.00 | 0.041250 | 360 | 360 | 20120901 | |||
191 | 0.00 | 20120820 | 950000.00 | 0.042500 | 360 | 360 | 20121001 | |||
192 | 0.00 | 20120724 | 805000.00 | 0.042500 | 360 | 360 | 20120901 | |||
193 | 0.00 | 20120706 | 750000.00 | 0.042500 | 360 | 360 | 20120901 | |||
194 | 0.00 | 20120820 | 1070000.00 | 0.041250 | 360 | 360 | 20121001 | |||
195 | 0.00 | 20120813 | 900250.00 | 0.042500 | 360 | 360 | 20121001 | |||
196 | 0.00 | 20120713 | 766000.00 | 0.043750 | 360 | 360 | 20120901 | |||
197 | 0.00 | 20120611 | 973000.00 | 0.045000 | 360 | 360 | 20120801 | |||
198 | 0.00 | 20120724 | 700000.00 | 0.043750 | 360 | 360 | 20120901 | |||
199 | 0.00 | 20120731 | 722550.00 | 0.037500 | 360 | 360 | 20120901 | |||
200 | 250000.00 | 20120719 | 605500.00 | 0.043750 | 240 | 240 | 20120901 | |||
201 | 0.00 | 20120820 | 570500.00 | 0.042500 | 360 | 360 | 20121001 | |||
202 | 0.00 | 20120808 | 608000.00 | 0.042500 | 360 | 360 | 20121001 | |||
203 | 84500.00 | 20120726 | 761000.00 | 0.041250 | 360 | 360 | 20120901 | |||
204 | 0.00 | 20120816 | 942893.00 | 0.043750 | 360 | 360 | 20121001 | |||
205 | 0.00 | 20120806 | 880000.00 | 0.042500 | 360 | 360 | 20121001 | |||
206 | 0.00 | 20120716 | 840000.00 | 0.042500 | 360 | 360 | 20120901 | |||
207 | 350000.00 | 20120716 | 698000.00 | 0.042500 | 360 | 360 | 20120901 | |||
208 | 0.00 | 20120831 | 920000.00 | 0.037500 | 360 | 360 | 20121101 | |||
209 | 0.00 | 20120814 | 1295000.00 | 0.042500 | 360 | 360 | 20121001 | |||
210 | 0.00 | 20120816 | 800000.00 | 0.043750 | 360 | 360 | 20121001 | |||
211 | 0.00 | 20120725 | 844000.00 | 0.043750 | 360 | 360 | 20120901 | |||
212 | 0.00 | 20120810 | 1000000.00 | 0.042500 | 360 | 360 | 20121001 | |||
213 | 0.00 | 20120822 | 490000.00 | 0.042500 | 360 | 360 | 20121001 | |||
214 | 0.00 | 20120831 | 776000.00 | 0.042500 | 360 | 360 | 20121001 | |||
215 | 0.00 | 20120905 | 759200.00 | 0.041250 | 360 | 360 | 20121101 | |||
216 | 0.00 | 20120907 | 1125750.00 | 0.041250 | 360 | 360 | 20121101 | |||
217 | 0.00 | 20120713 | 510000.00 | 0.042500 | 360 | 360 | 20120901 | |||
218 | 0.00 | 20120720 | 929000.00 | 0.043750 | 360 | 360 | 20120901 | |||
219 | 0.00 | 20120710 | 619000.00 | 0.042500 | 360 | 360 | 20120901 | |||
220 | 0.00 | 20120730 | 603600.00 | 0.042500 | 360 | 360 | 20120901 | |||
221 | 0.00 | 20120801 | 1095250.00 | 0.043750 | 360 | 360 | 20121001 | |||
222 | 0.00 | 20120421 | 938500.00 | 0.043750 | 360 | 360 | 20120601 | |||
223 | 0.00 | 20120516 | 861247.00 | 0.046250 | 360 | 360 | 20120701 | |||
224 | 0.00 | 20120730 | 674608.00 | 0.043750 | 360 | 360 | 20120901 | |||
225 | 0.00 | 20120710 | 975000.00 | 0.045000 | 360 | 360 | 20120901 | |||
226 | 0.00 | 20120727 | 545000.00 | 0.041250 | 360 | 360 | 20120901 | |||
227 | 0.00 | 20120810 | 472000.00 | 0.038750 | 360 | 360 | 20121001 | |||
228 | 0.00 | 20120817 | 656789.00 | 0.037500 | 360 | 360 | 20121001 | |||
229 | 0.00 | 20120817 | 655200.00 | 0.041250 | 360 | 360 | 20121001 | |||
230 | 0.00 | 20120828 | 922400.00 | 0.041250 | 360 | 360 | 20121101 | |||
231 | 0.00 | 20120709 | 712500.00 | 0.042500 | 360 | 360 | 20120901 | |||
232 | 0.00 | 20120712 | 639000.00 | 0.043750 | 360 | 360 | 20120901 | |||
233 | 0.00 | 20120816 | 1981700.00 | 0.038750 | 360 | 360 | 20121001 | |||
234 | 0.00 | 20120817 | 620000.00 | 0.042500 | 360 | 360 | 20121001 | |||
235 | 0.00 | 20120709 | 593000.00 | 0.041250 | 360 | 360 | 20120901 | |||
236 | 0.00 | 20120706 | 600000.00 | 0.041250 | 360 | 360 | 20120901 | |||
237 | 0.00 | 20120808 | 1138000.00 | 0.043750 | 360 | 360 | 20121001 | |||
238 | 0.00 | 20120824 | 523000.00 | 0.041250 | 360 | 360 | 20121001 | |||
239 | 0.00 | 20120822 | 614000.00 | 0.042500 | 360 | 360 | 20121001 | |||
240 | 0.00 | 20120719 | 702000.00 | 0.043750 | 360 | 360 | 20120901 | |||
241 | 0.00 | 20120702 | 646650.00 | 0.041250 | 360 | 360 | 20120801 | |||
242 | 0.00 | 20120705 | 810000.00 | 0.042500 | 360 | 360 | 20120901 | |||
243 | 0.00 | 20120720 | 944300.00 | 0.038750 | 360 | 360 | 20120901 | |||
244 | 0.00 | 20120810 | 543000.00 | 0.042500 | 360 | 360 | 20121001 | |||
245 | 0.00 | 20120720 | 611200.00 | 0.040000 | 360 | 360 | 20120901 | |||
246 | 0.00 | 20120814 | 532000.00 | 0.041250 | 360 | 360 | 20121001 | |||
247 | 0.00 | 20120827 | 656250.00 | 0.041250 | 360 | 360 | 20121001 | |||
248 | 0.00 | 20120822 | 600000.00 | 0.042500 | 360 | 360 | 20121001 | |||
249 | 0.00 | 20120723 | 1541250.00 | 0.043750 | 360 | 360 | 20120901 | |||
250 | 0.00 | 20120810 | 640000.00 | 0.042500 | 360 | 360 | 20121001 | |||
251 | 0.00 | 20120730 | 536000.00 | 0.043750 | 360 | 360 | 20120901 | |||
252 | 0.00 | 20120807 | 489000.00 | 0.040000 | 360 | 360 | 20121001 | |||
253 | 0.00 | 20120815 | 710000.00 | 0.041250 | 360 | 360 | 20121001 | |||
254 | 0.00 | 20120823 | 937500.00 | 0.043750 | 360 | 360 | 20121001 | |||
255 | 0.00 | 20120813 | 915000.00 | 0.040000 | 360 | 360 | 20121001 | |||
256 | 0.00 | 20120726 | 975000.00 | 0.040000 | 360 | 360 | 20120901 | |||
257 | 0.00 | 20120718 | 495300.00 | 0.040000 | 360 | 360 | 20120901 | |||
258 | 0.00 | 20120828 | 885000.00 | 0.038750 | 360 | 360 | 20121001 | |||
259 | 0.00 | 20120719 | 760000.00 | 0.042500 | 360 | 360 | 20120901 | |||
260 | 0.00 | 20120829 | 719000.00 | 0.043750 | 360 | 360 | 20121001 | |||
261 | 0.00 | 20120809 | 850000.00 | 0.043750 | 360 | 360 | 20121001 | |||
262 | 0.00 | 20120717 | 800000.00 | 0.042500 | 360 | 360 | 20120901 | |||
263 | 0.00 | 20120723 | 700000.00 | 0.045000 | 360 | 360 | 20120901 | |||
264 | 0.00 | 20120816 | 600000.00 | 0.040000 | 360 | 360 | 20121001 | |||
265 | 0.00 | 20120703 | 675000.00 | 0.038750 | 360 | 360 | 20120901 | |||
266 | 0.00 | 20120807 | 828000.00 | 0.040000 | 360 | 360 | 20121001 | |||
267 | 0.00 | 20120813 | 872000.00 | 0.040000 | 360 | 360 | 20121001 | |||
268 | 0.00 | 20120815 | 999000.00 | 0.040000 | 360 | 360 | 20121001 | |||
269 | 0.00 | 20120814 | 459400.00 | 0.042500 | 360 | 360 | 20121001 | |||
270 | 0.00 | 20120806 | 1000000.00 | 0.042500 | 360 | 360 | 20121001 | |||
271 | 0.00 | 20120827 | 565850.00 | 0.042500 | 360 | 360 | 20121001 | |||
272 | 0.00 | 20120816 | 598750.00 | 0.040000 | 360 | 360 | 20121001 | |||
273 | 0.00 | 20120824 | 556000.00 | 0.040000 | 360 | 360 | 20121001 | |||
274 | 150000.00 | 20120818 | 480959.00 | 0.040000 | 360 | 360 | 20121001 | |||
275 | 0.00 | 20120709 | 650000.00 | 0.041250 | 360 | 360 | 20120901 | |||
276 | 0.00 | 20120718 | 900000.00 | 0.042500 | 360 | 360 | 20120901 | |||
277 | 0.00 | 20120724 | 500000.00 | 0.041250 | 360 | 360 | 20120901 | |||
278 | 0.00 | 20120709 | 648800.00 | 0.043750 | 360 | 360 | 20120901 | |||
279 | 0.00 | 20120823 | 860000.00 | 0.040000 | 360 | 360 | 20121001 | |||
280 | 0.00 | 20120823 | 543750.00 | 0.042500 | 360 | 360 | 20121001 | |||
281 | 0.00 | 20120726 | 900000.00 | 0.040000 | 360 | 360 | 20120901 | |||
282 | 0.00 | 20120801 | 750000.00 | 0.041250 | 360 | 360 | 20121001 | |||
283 | 0.00 | 20120828 | 652000.00 | 0.040000 | 360 | 360 | 20121001 | |||
284 | 0.00 | 20120330 | 1248000.00 | 0.044500 | 360 | 360 | 20120601 | |||
285 | 0.00 | 20120508 | 945000.00 | 0.043000 | 360 | 360 | 20120701 | |||
286 | 0.00 | 20120724 | 1076250.00 | 0.043750 | 360 | 360 | 20120901 | |||
287 | 0.00 | 20120322 | 1056000.00 | 0.045000 | 360 | 360 | 20120501 | |||
288 | 500000.00 | 20120614 | 925000.00 | 0.045500 | 360 | 360 | 20120801 | |||
289 | 100000.00 | 20120406 | 1435000.00 | 0.043000 | 360 | 360 | 20120601 | |||
290 | 0.00 | 20120322 | 800000.00 | 0.047000 | 360 | 360 | 20120501 | |||
291 | 0.00 | 20120430 | 525000.00 | 0.044000 | 360 | 360 | 20120701 | |||
292 | 17500.00 | 20120326 | 770000.00 | 0.045000 | 360 | 360 | 20120601 | |||
293 | 200000.00 | 20120402 | 900000.00 | 0.045000 | 360 | 360 | 20120601 | |||
294 | 0.00 | 20120316 | 1000000.00 | 0.044000 | 360 | 360 | 20120601 | |||
295 | 0.00 | 20120322 | 656800.00 | 0.045000 | 360 | 360 | 20120501 | |||
296 | 0.00 | 20120314 | 598500.00 | 0.047000 | 360 | 360 | 20120501 | |||
297 | 0.00 | 20120319 | 900000.00 | 0.043000 | 360 | 360 | 20120501 | |||
298 | 0.00 | 20120413 | 820000.00 | 0.043500 | 360 | 360 | 20120601 | |||
299 | 200000.00 | 20120413 | 873000.00 | 0.045500 | 360 | 360 | 20120601 | |||
300 | 0.00 | 20120319 | 1100000.00 | 0.043000 | 360 | 360 | 20120501 | |||
301 | 0.00 | 20120320 | 1296000.00 | 0.042500 | 360 | 360 | 20120501 | |||
302 | 0.00 | 20120507 | 735000.00 | 0.045500 | 360 | 360 | 20120701 | |||
303 | 0.00 | 20120410 | 900250.00 | 0.045500 | 360 | 360 | 20120601 | |||
304 | 0.00 | 20120419 | 856000.00 | 0.044000 | 360 | 360 | 20120601 | |||
305 | 0.00 | 20120329 | 840000.00 | 0.043000 | 360 | 360 | 20120601 | |||
306 | 0.00 | 20120508 | 900000.00 | 0.043500 | 360 | 360 | 20120701 | |||
307 | 150000.00 | 20120430 | 710000.00 | 0.045500 | 360 | 360 | 20120701 | |||
308 | 0.00 | 20120417 | 720000.00 | 0.044000 | 360 | 360 | 20120601 | |||
309 | 0.00 | 20120514 | 956000.00 | 0.042000 | 360 | 360 | 20120701 | |||
310 | 0.00 | 20120406 | 960000.00 | 0.043000 | 360 | 360 | 20120601 | |||
311 | 0.00 | 20120522 | 1100000.00 | 0.044000 | 360 | 360 | 20120701 | |||
312 | 0.00 | 20120625 | 1290000.00 | 0.043000 | 360 | 360 | 20120901 | |||
313 | 0.00 | 20120727 | 680000.00 | 0.044000 | 360 | 360 | 20120901 | |||
314 | 100000.00 | 20120525 | 1139000.00 | 0.043000 | 360 | 360 | 20120801 | |||
315 | 0.00 | 20120411 | 1073600.00 | 0.044000 | 360 | 360 | 20120601 | |||
316 | 0.00 | 20120410 | 1120000.00 | 0.043500 | 360 | 360 | 20120601 | |||
317 | 0.00 | 20120529 | 1120000.00 | 0.044500 | 360 | 360 | 20120801 | |||
318 | 448000.00 | 20120426 | 960000.00 | 0.040500 | 360 | 360 | 20120701 | |||
319 | 0.00 | 20120426 | 1364000.00 | 0.044000 | 360 | 360 | 20120701 | |||
320 | 100000.00 | 20120601 | 800000.00 | 0.046500 | 360 | 360 | 20120801 | |||
321 | 0.00 | 20120419 | 821250.00 | 0.043000 | 360 | 360 | 20120601 | |||
322 | 0.00 | 20120622 | 1100000.00 | 0.044000 | 360 | 360 | 20120801 | |||
323 | 0.00 | 20120530 | 1075000.00 | 0.042500 | 360 | 360 | 20120801 | |||
324 | 0.00 | 20120514 | 1196000.00 | 0.041500 | 360 | 360 | 20120701 | |||
325 | 0.00 | 20120426 | 680000.00 | 0.043000 | 360 | 360 | 20120701 | |||
326 | 100000.00 | 20120612 | 950000.00 | 0.043500 | 360 | 360 | 20120801 | |||
327 | 0.00 | 20120503 | 1200000.00 | 0.043000 | 360 | 360 | 20120701 | |||
328 | 0.00 | 20120522 | 2115000.00 | 0.039500 | 360 | 360 | 20120701 | |||
329 | 0.00 | 20120618 | 810000.00 | 0.044000 | 360 | 360 | 20120801 | |||
330 | 0.00 | 20120716 | 715000.00 | 0.041500 | 360 | 360 | 20120901 | |||
331 | 0.00 | 20120504 | 1680000.00 | 0.042500 | 360 | 360 | 20120701 | |||
332 | 0.00 | 20120628 | 710000.00 | 0.039500 | 360 | 360 | 20120901 | |||
333 | 0.00 | 20120809 | 788000.00 | 0.042000 | 360 | 360 | 20121001 | |||
334 | 0.00 | 20120703 | 862400.00 | 0.040500 | 360 | 360 | 20120901 | |||
335 | 0.00 | 20120614 | 960000.00 | 0.042500 | 360 | 360 | 20120801 | |||
336 | 78000.00 | 20120809 | 552000.00 | 0.045000 | 360 | 360 | 20121001 | |||
337 | 250000.00 | 20120712 | 865000.00 | 0.038500 | 240 | 240 | 20120901 | |||
338 | 0.00 | 20120705 | 1480000.00 | 0.042000 | 360 | 360 | 20120901 | |||
339 | 500000.00 | 20120802 | 987500.00 | 0.041500 | 360 | 360 | 20121001 | |||
340 | 0.00 | 20120806 | 860000.00 | 0.041500 | 360 | 360 | 20121001 | |||
341 | 0.00 | 20120718 | 765000.00 | 0.041500 | 360 | 360 | 20120901 | |||
342 | 0.00 | 20120801 | 723000.00 | 0.041000 | 360 | 360 | 20121001 | |||
343 | 0.00 | 20120709 | 808000.00 | 0.044000 | 360 | 360 | 20120901 | |||
344 | 0.00 | 20120821 | 960000.00 | 0.043000 | 360 | 360 | 20121001 | |||
345 | 0.00 | 20120809 | 1000000.00 | 0.041500 | 360 | 360 | 20121001 | |||
346 | 0.00 | 20120706 | 1310000.00 | 0.040000 | 360 | 360 | 20120901 | |||
347 | 0.00 | 20120803 | 1600000.00 | 0.043000 | 360 | 360 | 20121001 | |||
348 | 0.00 | 20120713 | 1467000.00 | 0.041500 | 360 | 360 | 20120901 | |||
349 | 0.00 | 20120718 | 710000.00 | 0.041500 | 360 | 360 | 20120901 | |||
350 | 0.00 | 20120720 | 1080000.00 | 0.040000 | 360 | 360 | 20120901 | |||
351 | 0.00 | 20120730 | 810000.00 | 0.041000 | 360 | 360 | 20121001 | |||
352 | 0.00 | 20120807 | 962000.00 | 0.040000 | 360 | 360 | 20121001 | |||
353 | 0.00 | 20120822 | 920000.00 | 0.040500 | 360 | 360 | 20121001 | |||
354 | 0.00 | 20120821 | 467500.00 | 0.039000 | 240 | 240 | 20121001 | |||
355 | 0.00 | 20120725 | 1180000.00 | 0.040500 | 360 | 360 | 20120901 | |||
356 | 0.00 | 20120712 | 1000000.00 | 0.040500 | 360 | 360 | 20120901 | |||
357 | 1000000.00 | 20120723 | 1000000.00 | 0.042000 | 360 | 360 | 20120901 | |||
358 | 0.00 | 20120718 | 936000.00 | 0.040500 | 360 | 360 | 20120901 | |||
359 | 0.00 | 20120829 | 1938750.00 | 0.041000 | 360 | 360 | 20121001 | |||
360 | 0.00 | 20120807 | 850000.00 | 0.038500 | 360 | 360 | 20121001 | |||
361 | 0.00 | 20120809 | 1250000.00 | 0.039500 | 360 | 360 | 20121001 | |||
362 | 0.00 | 20120808 | 1175000.00 | 0.039000 | 360 | 360 | 20121001 | |||
363 | 0.00 | 20120831 | 559020.00 | 0.042500 | 360 | 360 | 20121001 | |||
364 | 0.00 | 20120724 | 680000.00 | 0.043750 | 360 | 360 | 20120901 | |||
365 | 0.00 | 20120720 | 692000.00 | 0.043750 | 360 | 360 | 20120901 | |||
366 | 0.00 | 20120904 | 2275000.00 | 0.038750 | 360 | 360 | 20121101 | |||
367 | 0.00 | 20120828 | 968000.00 | 0.042500 | 360 | 360 | 20121001 | |||
368 | 0.00 | 20120801 | 816600.00 | 0.041250 | 360 | 360 | 20121001 | |||
369 | 0.00 | 20120907 | 527000.00 | 0.040000 | 360 | 360 | 20121101 | |||
370 | 0.00 | 20120827 | 640800.00 | 0.041250 | 360 | 360 | 20121001 | |||
371 | 0.00 | 20120828 | 557250.00 | 0.041250 | 360 | 360 | 20121001 | |||
372 | 0.00 | 20120810 | 1500000.00 | 0.038750 | 360 | 360 | 20121001 | |||
373 | 0.00 | 20120830 | 576000.00 | 0.041250 | 360 | 360 | 20121101 | |||
374 | 0.00 | 20120906 | 573500.00 | 0.041250 | 360 | 360 | 20121101 | |||
375 | 0.00 | 20120906 | 1755000.00 | 0.041250 | 360 | 360 | 20121101 | |||
376 | 0.00 | 20120911 | 1000000.00 | 0.042500 | 360 | 360 | 20121101 | |||
377 | 0.00 | 20120810 | 656250.00 | 0.045000 | 360 | 360 | 20121001 | |||
378 | 0.00 | 20120829 | 990000.00 | 0.038750 | 360 | 360 | 20121001 | |||
379 | 0.00 | 20120824 | 1160000.00 | 0.042500 | 360 | 360 | 20121001 | |||
380 | 0.00 | 20120911 | 840000.00 | 0.042500 | 360 | 360 | 20121101 | |||
381 | 100000.00 | 20120830 | 707650.00 | 0.040000 | 360 | 360 | 20121101 | |||
382 | 0.00 | 20120711 | 828750.00 | 0.045000 | 360 | 360 | 20120901 | |||
383 | 0.00 | 20120823 | 688000.00 | 0.041250 | 360 | 360 | 20121001 | |||
384 | 0.00 | 20120906 | 1443750.00 | 0.041000 | 360 | 360 | 20121101 | |||
385 | 0.00 | 20120711 | 984000.00 | 0.042500 | 360 | 360 | 20120901 | |||
386 | 0.00 | 20120802 | 738000.00 | 0.043750 | 360 | 360 | 20121001 | |||
387 | 0.00 | 20120828 | 950000.00 | 0.037500 | 360 | 360 | 20121101 | |||
388 | 0.00 | 20120827 | 513000.00 | 0.043750 | 360 | 360 | 20121001 | |||
389 | 0.00 | 20120808 | 506250.00 | 0.043750 | 360 | 360 | 20121001 | |||
390 | 0.00 | 20120829 | 528000.00 | 0.040000 | 360 | 360 | 20121001 |
31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | |
Interest
Type Indicator |
Original
Interest Only Term |
Buy Down Period | HELOC Draw Period | Current
Loan Amount |
Current
Interest Rate |
Current
Payment Amount Due |
Interest
Paid Through Date |
Current
Payment Status |
Index Type | |
1 | 1 | 0 | 0 | 860000.00 | 0.041250 | 4167.99 | 20121001 | 0 | 0 | |
2 | 1 | 0 | 0 | 558588.09 | 0.047500 | 2921.23 | 20121001 | 0 | 0 | |
3 | 1 | 0 | 0 | 468815.01 | 0.047500 | 2451.74 | 20121001 | 0 | 0 | |
4 | 1 | 0 | 0 | 1348097.86 | 0.041250 | 6542.77 | 20121001 | 0 | 0 | |
5 | 1 | 0 | 0 | 957409.01 | 0.043750 | 4793.14 | 20121001 | 0 | 0 | |
6 | 1 | 0 | 0 | 519299.55 | 0.043750 | 2596.28 | 20121001 | 0 | 0 | |
7 | 1 | 0 | 0 | 814744.80 | 0.042500 | 4019.15 | 20121001 | 0 | 0 | |
8 | 1 | 0 | 0 | 587938.86 | 0.042500 | 2896.30 | 20121001 | 0 | 0 | |
9 | 1 | 0 | 0 | 754364.52 | 0.041250 | 3666.38 | 20121001 | 0 | 0 | |
10 | 1 | 0 | 0 | 597566.52 | 0.043750 | 2995.71 | 20121001 | 0 | 0 | |
11 | 1 | 0 | 0 | 510586.70 | 0.042500 | 2518.73 | 20121001 | 0 | 0 | |
12 | 1 | 0 | 0 | 633905.57 | 0.041250 | 3076.56 | 20121001 | 0 | 0 | |
13 | 1 | 0 | 0 | 904723.45 | 0.041250 | 4390.93 | 20121001 | 0 | 0 | |
14 | 1 | 0 | 0 | 526429.77 | 0.041250 | 2558.56 | 20121001 | 0 | 0 | |
15 | 1 | 0 | 0 | 655594.99 | 0.041250 | 3181.73 | 20121001 | 0 | 0 | |
16 | 1 | 0 | 0 | 680036.69 | 0.038750 | 3202.50 | 20121001 | 0 | 0 | |
17 | 1 | 0 | 0 | 454741.28 | 0.042500 | 2243.25 | 20121001 | 0 | 0 | |
18 | 1 | 0 | 0 | 678080.47 | 0.041250 | 3295.62 | 20121001 | 0 | 0 | |
19 | 1 | 0 | 0 | 773453.73 | 0.045000 | 3929.34 | 20121001 | 0 | 0 | |
20 | 1 | 0 | 0 | 798897.81 | 0.042500 | 3935.52 | 20121001 | 0 | 0 | |
21 | 1 | 0 | 0 | 506616.66 | 0.043750 | 2532.87 | 20121001 | 0 | 0 | |
22 | 1 | 0 | 0 | 718056.76 | 0.043750 | 3594.85 | 20121001 | 0 | 0 | |
23 | 1 | 0 | 0 | 972247.74 | 0.041250 | 4725.33 | 20121001 | 0 | 0 | |
24 | 1 | 0 | 0 | 548216.61 | 0.042500 | 2708.13 | 20121001 | 0 | 0 | |
25 | 1 | 0 | 0 | 2177593.39 | 0.041250 | 10613.83 | 20121001 | 0 | 0 | |
26 | 1 | 0 | 0 | 787915.47 | 0.045000 | 4002.81 | 20121001 | 0 | 0 | |
27 | 1 | 0 | 0 | 652339.83 | 0.045000 | 3309.67 | 20121001 | 0 | 0 | |
28 | 1 | 0 | 0 | 586302.77 | 0.040000 | 2807.20 | 20121001 | 0 | 0 | |
29 | 1 | 0 | 0 | 975300.38 | 0.042500 | 4811.17 | 20121001 | 0 | 0 | |
30 | 1 | 0 | 0 | 1236209.81 | 0.047500 | 6481.47 | 20121001 | 0 | 0 | |
31 | 1 | 0 | 0 | 809758.60 | 0.042500 | 3994.55 | 20121001 | 0 | 0 | |
32 | 1 | 0 | 0 | 784000.00 | 0.045000 | 3972.41 | 20121001 | 0 | 0 | |
33 | 1 | 0 | 0 | 593394.12 | 0.043750 | 2970.75 | 20121001 | 0 | 0 | |
34 | 1 | 0 | 0 | 510446.90 | 0.038750 | 2403.85 | 20121001 | 0 | 0 | |
35 | 1 | 0 | 0 | 511310.33 | 0.043750 | 2556.34 | 20121001 | 0 | 0 | |
36 | 1 | 0 | 0 | 747929.74 | 0.042500 | 3689.55 | 20121001 | 0 | 0 | |
37 | 1 | 0 | 0 | 928689.63 | 0.041250 | 4507.24 | 20121001 | 0 | 0 | |
38 | 1 | 0 | 0 | 569196.87 | 0.041250 | 2762.50 | 20121001 | 0 | 0 | |
39 | 1 | 0 | 0 | 698067.76 | 0.042500 | 3443.58 | 20121001 | 0 | 0 | |
40 | 1 | 0 | 0 | 817786.86 | 0.043750 | 4094.14 | 20121001 | 0 | 0 | |
41 | 1 | 0 | 0 | 797690.85 | 0.040000 | 3819.32 | 20121001 | 0 | 0 | |
42 | 1 | 0 | 0 | 838816.44 | 0.041250 | 4071.06 | 20121001 | 0 | 0 | |
43 | 1 | 0 | 0 | 759728.04 | 0.041250 | 3687.22 | 20121001 | 0 | 0 | |
44 | 1 | 0 | 0 | 1000000.00 | 0.038750 | 4702.37 | 20121001 | 0 | 0 | |
45 | 1 | 0 | 0 | 667079.67 | 0.042500 | 3286.16 | 20121001 | 0 | 0 | |
46 | 1 | 0 | 0 | 739951.82 | 0.042500 | 3650.19 | 20121001 | 0 | 0 | |
47 | 1 | 0 | 0 | 528786.75 | 0.043750 | 2643.72 | 20121001 | 0 | 0 | |
48 | 1 | 0 | 0 | 442199.22 | 0.043750 | 2216.83 | 20121001 | 0 | 0 | |
49 | 1 | 0 | 0 | 473618.27 | 0.043750 | 2371.11 | 20121001 | 0 | 0 | |
50 | 1 | 0 | 0 | 631636.33 | 0.045000 | 3217.45 | 20121001 | 0 | 0 | |
51 | 1 | 0 | 0 | 469748.48 | 0.042500 | 2318.27 | 20121001 | 0 | 0 | |
52 | 1 | 0 | 0 | 928718.71 | 0.042500 | 4575.04 | 20121001 | 0 | 0 | |
53 | 1 | 0 | 0 | 897515.69 | 0.042500 | 4427.46 | 20121001 | 0 | 0 | |
54 | 1 | 0 | 0 | 959403.61 | 0.043750 | 4803.12 | 20121001 | 0 | 0 | |
55 | 1 | 0 | 0 | 702204.40 | 0.045000 | 3572.13 | 20121001 | 0 | 0 | |
56 | 1 | 0 | 0 | 571525.80 | 0.046250 | 2949.88 | 20121001 | 0 | 0 | |
57 | 1 | 0 | 0 | 893113.79 | 0.043750 | 4483.58 | 20121001 | 0 | 0 | |
58 | 1 | 0 | 0 | 569089.00 | 0.041250 | 2765.90 | 20121001 | 0 | 0 | |
59 | 1 | 0 | 0 | 1290336.25 | 0.045000 | 6555.24 | 20121001 | 0 | 0 | |
60 | 1 | 0 | 0 | 988139.53 | 0.040000 | 4731.19 | 20121001 | 0 | 0 | |
61 | 1 | 0 | 0 | 871370.63 | 0.042500 | 4304.47 | 20121001 | 0 | 0 | |
62 | 1 | 0 | 0 | 847600.60 | 0.041250 | 4119.52 | 20121001 | 0 | 0 | |
63 | 1 | 0 | 0 | 549860.12 | 0.046250 | 2838.05 | 20121001 | 0 | 0 | |
64 | 1 | 0 | 0 | 510554.70 | 0.041250 | 2481.41 | 20121001 | 0 | 0 | |
65 | 1 | 0 | 0 | 936012.95 | 0.041250 | 4555.71 | 20121001 | 0 | 0 | |
66 | 1 | 0 | 0 | 723129.92 | 0.046250 | 3727.51 | 20121001 | 0 | 0 | |
67 | 1 | 0 | 0 | 753913.18 | 0.042500 | 3719.07 | 20121001 | 0 | 0 | |
68 | 1 | 0 | 0 | 598229.30 | 0.038750 | 2821.42 | 20121001 | 0 | 0 | |
69 | 1 | 0 | 0 | 467762.48 | 0.045000 | 2376.35 | 20121001 | 0 | 0 | |
70 | 1 | 0 | 0 | 758039.65 | 0.046250 | 3907.46 | 20121001 | 0 | 0 | |
71 | 1 | 0 | 0 | 987142.42 | 0.040000 | 4726.41 | 20121001 | 0 | 0 | |
72 | 1 | 0 | 0 | 732971.15 | 0.042500 | 3615.76 | 20121001 | 0 | 0 | |
73 | 1 | 0 | 0 | 983732.08 | 0.046250 | 5064.27 | 20121001 | 0 | 0 | |
74 | 1 | 0 | 0 | 502359.47 | 0.042500 | 2478.15 | 20121001 | 0 | 0 | |
75 | 1 | 0 | 0 | 881727.75 | 0.040000 | 4215.58 | 20121001 | 0 | 0 | |
76 | 1 | 0 | 0 | 997048.84 | 0.038750 | 4702.37 | 20121001 | 0 | 0 | |
77 | 1 | 0 | 0 | 726997.01 | 0.042500 | 3581.32 | 20121001 | 0 | 0 | |
78 | 1 | 0 | 0 | 691919.44 | 0.045000 | 3515.13 | 20121001 | 0 | 0 | |
79 | 1 | 0 | 0 | 998622.27 | 0.042500 | 4919.40 | 20121001 | 0 | 0 | |
80 | 1 | 0 | 0 | 708040.16 | 0.042500 | 3492.77 | 20121001 | 0 | 0 | |
81 | 1 | 0 | 0 | 674027.45 | 0.040000 | 3222.55 | 20121001 | 0 | 0 | |
82 | 1 | 0 | 0 | 996186.44 | 0.045000 | 5054.19 | 20121001 | 0 | 0 | |
83 | 1 | 0 | 0 | 614133.46 | 0.041250 | 2980.60 | 20121001 | 0 | 0 | |
84 | 1 | 0 | 0 | 629170.38 | 0.045000 | 3192.12 | 20121001 | 0 | 0 | |
85 | 1 | 0 | 0 | 748966.70 | 0.042500 | 3689.55 | 20121001 | 0 | 0 | |
86 | 1 | 0 | 0 | 555267.83 | 0.045000 | 2817.17 | 20121001 | 0 | 0 | |
87 | 1 | 0 | 0 | 631148.89 | 0.043750 | 3155.48 | 20121001 | 0 | 0 | |
88 | 1 | 0 | 0 | 603204.62 | 0.045000 | 3060.38 | 20121001 | 0 | 0 | |
89 | 1 | 0 | 0 | 877570.90 | 0.042500 | 4329.07 | 20121001 | 0 | 0 | |
90 | 1 | 0 | 0 | 865937.18 | 0.041250 | 4202.68 | 20121001 | 0 | 0 | |
91 | 1 | 0 | 0 | 1011937.72 | 0.037500 | 4700.62 | 20121001 | 0 | 0 | |
92 | 1 | 0 | 0 | 557248.36 | 0.043750 | 2786.01 | 20121001 | 0 | 0 | |
93 | 1 | 0 | 0 | 719915.99 | 0.040000 | 3446.94 | 20121001 | 0 | 0 | |
94 | 1 | 0 | 0 | 789713.94 | 0.040000 | 3781.13 | 20121001 | 0 | 0 | |
95 | 1 | 0 | 0 | 802196.50 | 0.043750 | 4992.80 | 20121001 | 0 | 0 | |
96 | 1 | 0 | 0 | 855133.01 | 0.042500 | 4218.38 | 20121001 | 0 | 0 | |
97 | 1 | 0 | 0 | 998652.98 | 0.043750 | 4992.85 | 20121001 | 0 | 0 | |
98 | 1 | 0 | 0 | 710000.00 | 0.045000 | 3597.47 | 20121001 | 0 | 0 | |
99 | 1 | 0 | 0 | 903753.15 | 0.042500 | 4452.06 | 20121001 | 0 | 0 | |
100 | 1 | 0 | 0 | 682933.00 | 0.042500 | 3369.79 | 20121001 | 0 | 0 | |
101 | 1 | 0 | 0 | 897459.44 | 0.041250 | 4361.85 | 20121001 | 0 | 0 | |
102 | 1 | 0 | 0 | 418000.00 | 0.040000 | 1995.60 | 20121001 | 0 | 0 | |
103 | 1 | 0 | 0 | 664410.92 | 0.042500 | 3277.55 | 20121001 | 0 | 0 | |
104 | 1 | 0 | 0 | 487811.71 | 0.041250 | 2367.51 | 20121001 | 0 | 0 | |
105 | 1 | 0 | 0 | 748966.70 | 0.042500 | 3689.55 | 20121001 | 0 | 0 | |
106 | 1 | 0 | 0 | 903753.15 | 0.042500 | 4452.06 | 20121001 | 0 | 0 | |
107 | 1 | 0 | 0 | 449380.02 | 0.042500 | 2213.73 | 20121001 | 0 | 0 | |
108 | 1 | 0 | 0 | 589168.69 | 0.041250 | 2859.43 | 20121001 | 0 | 0 | |
109 | 1 | 0 | 0 | 634855.74 | 0.042500 | 3136.12 | 20121001 | 0 | 0 | |
110 | 1 | 0 | 0 | 1230793.18 | 0.042500 | 6071.52 | 20121001 | 0 | 0 | |
111 | 1 | 0 | 0 | 890798.16 | 0.043750 | 4453.62 | 20121001 | 0 | 0 | |
112 | 1 | 0 | 0 | 800523.53 | 0.036250 | 3662.09 | 20121001 | 0 | 0 | |
113 | 1 | 0 | 0 | 516633.18 | 0.045000 | 2624.63 | 20121001 | 0 | 0 | |
114 | 1 | 0 | 0 | 508592.22 | 0.042500 | 2508.89 | 20121001 | 0 | 0 | |
115 | 1 | 0 | 0 | 865507.75 | 0.043750 | 4332.55 | 20121001 | 0 | 0 | |
116 | 1 | 0 | 0 | 735008.59 | 0.043750 | 3674.74 | 20121001 | 0 | 0 | |
117 | 1 | 0 | 0 | 814693.74 | 0.041250 | 3959.59 | 20121001 | 0 | 0 | |
118 | 1 | 0 | 0 | 675993.14 | 0.040000 | 3236.64 | 20121001 | 0 | 0 | |
119 | 1 | 0 | 0 | 802867.17 | 0.041250 | 3896.58 | 20121001 | 0 | 0 | |
120 | 1 | 0 | 0 | 1218281.02 | 0.041250 | 5912.73 | 20121001 | 0 | 0 | |
121 | 1 | 0 | 0 | 569232.20 | 0.043750 | 2845.93 | 20121001 | 0 | 0 | |
122 | 1 | 0 | 0 | 667079.67 | 0.042500 | 3286.16 | 20121001 | 0 | 0 | |
123 | 1 | 0 | 0 | 674005.58 | 0.038750 | 3174.10 | 20121001 | 0 | 0 | |
124 | 1 | 0 | 0 | 677044.70 | 0.041250 | 3285.93 | 20121001 | 0 | 0 | |
125 | 1 | 0 | 0 | 655096.21 | 0.042500 | 3227.13 | 20121001 | 0 | 0 | |
126 | 1 | 0 | 0 | 772000.00 | 0.042500 | 3797.78 | 20121001 | 0 | 0 | |
127 | 1 | 0 | 0 | 778949.32 | 0.043750 | 3894.43 | 20121001 | 0 | 0 | |
128 | 1 | 0 | 0 | 791857.42 | 0.040000 | 3785.90 | 20121001 | 0 | 0 | |
129 | 1 | 0 | 0 | 1090529.05 | 0.043750 | 5452.20 | 20121001 | 0 | 0 | |
130 | 1 | 0 | 0 | 759997.87 | 0.045000 | 3855.88 | 20121001 | 0 | 0 | |
131 | 1 | 0 | 0 | 593320.40 | 0.041250 | 2883.67 | 20121001 | 0 | 0 | |
132 | 1 | 0 | 0 | 805320.60 | 0.043750 | 4031.73 | 20121001 | 0 | 0 | |
133 | 1 | 0 | 0 | 560191.70 | 0.040000 | 2678.30 | 20121001 | 0 | 0 | |
134 | 1 | 0 | 0 | 576617.69 | 0.041250 | 2802.49 | 20121001 | 0 | 0 | |
135 | 1 | 0 | 0 | 563222.96 | 0.042500 | 2774.54 | 20121001 | 0 | 0 | |
136 | 1 | 0 | 0 | 702430.90 | 0.042500 | 3460.31 | 20121001 | 0 | 0 | |
137 | 1 | 0 | 0 | 986576.47 | 0.040000 | 4716.86 | 20121001 | 0 | 0 | |
138 | 1 | 0 | 0 | 1097416.54 | 0.040000 | 5246.79 | 20121001 | 0 | 0 | |
139 | 1 | 0 | 0 | 772933.64 | 0.042500 | 3807.61 | 20121001 | 0 | 0 | |
140 | 1 | 0 | 0 | 579218.73 | 0.043750 | 2895.85 | 20121001 | 0 | 0 | |
141 | 1 | 0 | 0 | 648123.82 | 0.040000 | 3103.20 | 20121001 | 0 | 0 | |
142 | 1 | 0 | 0 | 897961.15 | 0.042500 | 4423.52 | 20121001 | 0 | 0 | |
143 | 1 | 0 | 0 | 746422.99 | 0.040000 | 3568.68 | 20121001 | 0 | 0 | |
144 | 1 | 0 | 0 | 699013.70 | 0.041250 | 3392.55 | 20121001 | 0 | 0 | |
145 | 1 | 0 | 0 | 589929.63 | 0.038750 | 2778.16 | 20121001 | 0 | 0 | |
146 | 1 | 0 | 0 | 692117.24 | 0.042500 | 3418.98 | 20121001 | 0 | 0 | |
147 | 1 | 0 | 0 | 777846.93 | 0.042500 | 3837.13 | 20121001 | 0 | 0 | |
148 | 1 | 0 | 0 | 509297.36 | 0.042500 | 2508.89 | 20121001 | 0 | 0 | |
149 | 1 | 0 | 0 | 994856.30 | 0.042500 | 4914.48 | 20121001 | 0 | 0 | |
150 | 1 | 0 | 0 | 543649.96 | 0.042500 | 2678.12 | 20121001 | 0 | 0 | |
151 | 1 | 0 | 0 | 808884.04 | 0.042500 | 3984.71 | 20121001 | 0 | 0 | |
152 | 1 | 0 | 0 | 997048.84 | 0.038750 | 4702.37 | 20121001 | 0 | 0 | |
153 | 1 | 0 | 0 | 639030.62 | 0.043750 | 3199.22 | 20121001 | 0 | 0 | |
154 | 1 | 0 | 0 | 842567.16 | 0.042500 | 4156.89 | 20121001 | 0 | 0 | |
155 | 1 | 0 | 0 | 997113.56 | 0.040000 | 4774.15 | 20121001 | 0 | 0 | |
156 | 1 | 0 | 0 | 978556.26 | 0.038750 | 4608.32 | 20121001 | 0 | 0 | |
157 | 1 | 0 | 0 | 916735.24 | 0.042500 | 4516.01 | 20121001 | 0 | 0 | |
158 | 1 | 0 | 0 | 689982.02 | 0.038750 | 3249.34 | 20121001 | 0 | 0 | |
159 | 1 | 0 | 0 | 712000.00 | 0.040000 | 3399.20 | 20121001 | 0 | 0 | |
160 | 1 | 0 | 0 | 938645.63 | 0.040000 | 4487.70 | 20121001 | 0 | 0 | |
161 | 1 | 0 | 0 | 717921.76 | 0.040000 | 3437.39 | 20121001 | 0 | 0 | |
162 | 1 | 0 | 0 | 997239.66 | 0.042500 | 4919.40 | 20121001 | 0 | 0 | |
163 | 1 | 0 | 0 | 615334.75 | 0.043750 | 3080.59 | 20121001 | 0 | 0 | |
164 | 1 | 0 | 0 | 1545526.02 | 0.040000 | 7399.94 | 20121001 | 0 | 0 | |
165 | 1 | 0 | 0 | 1062017.51 | 0.043750 | 5309.65 | 20121001 | 0 | 0 | |
166 | 1 | 0 | 0 | 563257.29 | 0.045000 | 2857.71 | 20121001 | 0 | 0 | |
167 | 1 | 0 | 0 | 548260.49 | 0.043750 | 2741.08 | 20121001 | 0 | 0 | |
168 | 1 | 0 | 0 | 798896.58 | 0.045000 | 4053.23 | 20121001 | 0 | 0 | |
169 | 1 | 0 | 0 | 773307.23 | 0.043750 | 3871.46 | 20121001 | 0 | 0 | |
170 | 1 | 0 | 0 | 649063.47 | 0.040000 | 3103.20 | 20121001 | 0 | 0 | |
171 | 1 | 0 | 0 | 987267.26 | 0.042500 | 4870.20 | 20121001 | 0 | 0 | |
172 | 1 | 0 | 0 | 624119.38 | 0.041250 | 3029.06 | 20121001 | 0 | 0 | |
173 | 1 | 0 | 0 | 1063465.53 | 0.040000 | 5084.47 | 20121001 | 0 | 0 | |
174 | 1 | 0 | 0 | 606663.03 | 0.042500 | 2988.53 | 20121001 | 0 | 0 | |
175 | 1 | 0 | 0 | 959845.68 | 0.041250 | 4658.45 | 20121001 | 0 | 0 | |
176 | 1 | 0 | 0 | 855845.60 | 0.043750 | 4278.87 | 20121001 | 0 | 0 | |
177 | 1 | 0 | 0 | 1500000.00 | 0.038750 | 7053.56 | 20121001 | 0 | 0 | |
178 | 1 | 0 | 0 | 789860.32 | 0.040000 | 3776.35 | 20121001 | 0 | 0 | |
179 | 1 | 0 | 0 | 591220.42 | 0.045000 | 2999.58 | 20121001 | 0 | 0 | |
180 | 1 | 0 | 0 | 1395183.17 | 0.045000 | 7126.02 | 20121001 | 0 | 0 | |
181 | 1 | 0 | 0 | 754934.80 | 0.041250 | 3663.95 | 20121001 | 0 | 0 | |
182 | 1 | 0 | 0 | 483568.69 | 0.038750 | 2280.65 | 20121001 | 0 | 0 | |
183 | 1 | 0 | 0 | 917344.48 | 0.040000 | 4392.22 | 20121001 | 0 | 0 | |
184 | 1 | 0 | 0 | 559137.78 | 0.036250 | 2553.89 | 20121001 | 0 | 0 | |
185 | 1 | 0 | 0 | 1256599.32 | 0.043750 | 6290.99 | 20121001 | 0 | 0 | |
186 | 1 | 0 | 0 | 572379.70 | 0.041250 | 2781.89 | 20121001 | 0 | 0 | |
187 | 1 | 0 | 0 | 956809.42 | 0.043750 | 4783.65 | 20121001 | 0 | 0 | |
188 | 1 | 0 | 0 | 699035.59 | 0.042500 | 3443.58 | 20121001 | 0 | 0 | |
189 | 1 | 0 | 0 | 817633.11 | 0.040000 | 3914.81 | 20121001 | 0 | 0 | |
190 | 1 | 0 | 0 | 779792.54 | 0.041250 | 3789.96 | 20121001 | 0 | 0 | |
191 | 1 | 0 | 0 | 948691.15 | 0.042500 | 4673.43 | 20121001 | 0 | 0 | |
192 | 1 | 0 | 0 | 802777.93 | 0.042500 | 3960.12 | 20121001 | 0 | 0 | |
193 | 1 | 0 | 0 | 747929.74 | 0.042500 | 3689.55 | 20121001 | 0 | 0 | |
194 | 1 | 0 | 0 | 1068492.38 | 0.041250 | 5185.75 | 20121001 | 0 | 0 | |
195 | 1 | 0 | 0 | 899009.70 | 0.042500 | 4428.69 | 20121001 | 0 | 0 | |
196 | 1 | 0 | 0 | 763932.60 | 0.043750 | 3824.53 | 20121001 | 0 | 0 | |
197 | 1 | 0 | 0 | 969141.67 | 0.045000 | 4930.05 | 20121001 | 0 | 0 | |
198 | 1 | 0 | 0 | 698110.73 | 0.043750 | 3495.00 | 20121001 | 0 | 0 | |
199 | 1 | 0 | 0 | 720370.06 | 0.037500 | 3346.24 | 20121001 | 0 | 0 | |
200 | 1 | 0 | 0 | 602329.42 | 0.043750 | 3789.96 | 20121001 | 0 | 0 | |
201 | 1 | 0 | 0 | 569714.00 | 0.042500 | 2806.52 | 20121001 | 0 | 0 | |
202 | 1 | 0 | 0 | 607162.34 | 0.042500 | 2990.99 | 20121001 | 0 | 0 | |
203 | 1 | 0 | 0 | 758851.83 | 0.041250 | 3688.18 | 20121001 | 0 | 0 | |
204 | 1 | 0 | 0 | 941622.90 | 0.043750 | 4707.73 | 20121001 | 0 | 0 | |
205 | 1 | 0 | 0 | 878787.60 | 0.042500 | 4329.07 | 20121001 | 0 | 0 | |
206 | 1 | 0 | 0 | 837681.31 | 0.042500 | 4132.30 | 20121001 | 0 | 0 | |
207 | 1 | 0 | 0 | 696073.28 | 0.042500 | 3433.74 | 20121001 | 0 | 0 | |
208 | 1 | 0 | 0 | 920000.00 | 0.037500 | 4260.66 | 20121001 | 0 | 0 | |
209 | 1 | 0 | 0 | 1293215.84 | 0.042500 | 6370.62 | 20121001 | 0 | 0 | |
210 | 1 | 0 | 0 | 798922.38 | 0.043750 | 3994.28 | 20121001 | 0 | 0 | |
211 | 1 | 0 | 0 | 841722.08 | 0.043750 | 4213.97 | 20121001 | 0 | 0 | |
212 | 1 | 0 | 0 | 998622.27 | 0.042500 | 4919.40 | 20121001 | 0 | 0 | |
213 | 1 | 0 | 0 | 489324.91 | 0.042500 | 2410.51 | 20121001 | 0 | 0 | |
214 | 1 | 0 | 0 | 774930.87 | 0.042500 | 3817.45 | 20121001 | 0 | 0 | |
215 | 1 | 0 | 0 | 759200.00 | 0.041250 | 3679.46 | 20121001 | 0 | 0 | |
216 | 1 | 0 | 0 | 1125750.00 | 0.041250 | 5455.94 | 20121001 | 0 | 0 | |
217 | 1 | 0 | 0 | 508592.23 | 0.042500 | 2508.89 | 20121001 | 0 | 0 | |
218 | 1 | 0 | 0 | 926492.68 | 0.043750 | 4638.36 | 20121001 | 0 | 0 | |
219 | 1 | 0 | 0 | 617291.34 | 0.042500 | 3045.11 | 20121001 | 0 | 0 | |
220 | 1 | 0 | 0 | 601933.86 | 0.042500 | 2969.35 | 20121001 | 0 | 0 | |
221 | 1 | 0 | 0 | 1093774.68 | 0.043750 | 5468.42 | 20121001 | 0 | 0 | |
222 | 1 | 0 | 0 | 932132.83 | 0.043750 | 4685.79 | 20121001 | 0 | 0 | |
223 | 1 | 0 | 0 | 856786.79 | 0.046250 | 4428.01 | 20121001 | 0 | 0 | |
224 | 1 | 0 | 0 | 672787.27 | 0.043750 | 3368.22 | 20121001 | 0 | 0 | |
225 | 1 | 0 | 0 | 972427.31 | 0.045000 | 4940.18 | 20121001 | 0 | 0 | |
226 | 1 | 0 | 0 | 543461.55 | 0.041250 | 2641.34 | 20121001 | 0 | 0 | |
227 | 1 | 0 | 0 | 471304.65 | 0.038750 | 2219.52 | 20121001 | 0 | 0 | |
228 | 1 | 0 | 0 | 655799.77 | 0.037500 | 3041.69 | 20121001 | 0 | 0 | |
229 | 1 | 0 | 0 | 654276.82 | 0.041250 | 3175.43 | 20121001 | 0 | 0 | |
230 | 1 | 0 | 0 | 922400.00 | 0.041250 | 4470.41 | 20121001 | 0 | 0 | |
231 | 1 | 0 | 0 | 710533.25 | 0.042500 | 3505.07 | 20121001 | 0 | 0 | |
232 | 1 | 0 | 0 | 637275.38 | 0.043750 | 3190.43 | 20121001 | 0 | 0 | |
233 | 1 | 0 | 0 | 1977983.57 | 0.038750 | 9318.69 | 20121001 | 0 | 0 | |
234 | 1 | 0 | 0 | 619145.80 | 0.042500 | 3050.03 | 20121001 | 0 | 0 | |
235 | 1 | 0 | 0 | 591326.06 | 0.041250 | 2873.97 | 20121001 | 0 | 0 | |
236 | 1 | 0 | 0 | 598306.30 | 0.041250 | 2907.90 | 20121001 | 0 | 0 | |
237 | 1 | 0 | 0 | 1136467.09 | 0.043750 | 5681.87 | 20121001 | 0 | 0 | |
238 | 1 | 0 | 0 | 522263.09 | 0.041250 | 2534.72 | 20121001 | 0 | 0 | |
239 | 1 | 0 | 0 | 613154.07 | 0.042500 | 3020.51 | 20121001 | 0 | 0 | |
240 | 1 | 0 | 0 | 700105.34 | 0.043750 | 3504.98 | 20121001 | 0 | 0 | |
241 | 1 | 0 | 0 | 643162.56 | 0.041250 | 3133.99 | 20121001 | 0 | 0 | |
242 | 1 | 0 | 0 | 807764.12 | 0.042500 | 3984.71 | 20121001 | 0 | 0 | |
243 | 1 | 0 | 0 | 941513.21 | 0.038750 | 4440.45 | 20121001 | 0 | 0 | |
244 | 1 | 0 | 0 | 542251.90 | 0.042500 | 2671.23 | 20121001 | 0 | 0 | |
245 | 1 | 0 | 0 | 609435.81 | 0.040000 | 2917.96 | 20121001 | 0 | 0 | |
246 | 1 | 0 | 0 | 531250.41 | 0.041250 | 2578.34 | 20121001 | 0 | 0 | |
247 | 1 | 0 | 0 | 655325.35 | 0.041250 | 3180.51 | 20121001 | 0 | 0 | |
248 | 1 | 0 | 0 | 599173.36 | 0.042500 | 2951.64 | 20121001 | 0 | 0 | |
249 | 1 | 0 | 0 | 1537090.25 | 0.043750 | 7695.23 | 20121001 | 0 | 0 | |
250 | 1 | 0 | 0 | 639118.25 | 0.042500 | 3148.42 | 20121001 | 0 | 0 | |
251 | 1 | 0 | 0 | 534553.37 | 0.043750 | 2676.17 | 20121001 | 0 | 0 | |
252 | 1 | 0 | 0 | 488295.44 | 0.040000 | 2334.56 | 20121001 | 0 | 0 | |
253 | 1 | 0 | 0 | 708999.61 | 0.041250 | 3441.01 | 20121001 | 0 | 0 | |
254 | 1 | 0 | 0 | 936237.17 | 0.043750 | 4680.80 | 20121001 | 0 | 0 | |
255 | 1 | 0 | 0 | 913681.65 | 0.040000 | 4368.35 | 20121001 | 0 | 0 | |
256 | 1 | 0 | 0 | 972185.72 | 0.040000 | 4654.80 | 20121001 | 0 | 0 | |
257 | 1 | 0 | 0 | 493870.34 | 0.040000 | 2364.64 | 20121001 | 0 | 0 | |
258 | 1 | 0 | 0 | 883696.21 | 0.038750 | 4161.60 | 20121001 | 0 | 0 | |
259 | 1 | 0 | 0 | 757902.15 | 0.042500 | 3738.74 | 20121001 | 0 | 0 | |
260 | 1 | 0 | 0 | 718031.49 | 0.043750 | 3589.86 | 20121001 | 0 | 0 | |
261 | 1 | 0 | 0 | 848855.03 | 0.043750 | 4243.92 | 20121001 | 0 | 0 | |
262 | 1 | 0 | 0 | 797727.01 | 0.042500 | 3935.52 | 20121001 | 0 | 0 | |
263 | 1 | 0 | 0 | 698152.95 | 0.045000 | 3546.80 | 20121001 | 0 | 0 | |
264 | 1 | 0 | 0 | 599135.51 | 0.040000 | 2864.49 | 20121001 | 0 | 0 | |
265 | 1 | 0 | 0 | 673007.97 | 0.038750 | 3174.10 | 20121001 | 0 | 0 | |
266 | 1 | 0 | 0 | 826807.00 | 0.040000 | 3953.00 | 20121001 | 0 | 0 | |
267 | 1 | 0 | 0 | 870743.61 | 0.040000 | 4163.06 | 20121001 | 0 | 0 | |
268 | 1 | 0 | 0 | 997560.62 | 0.040000 | 4769.38 | 20121001 | 0 | 0 | |
269 | 1 | 0 | 0 | 458767.07 | 0.042500 | 2259.97 | 20121001 | 0 | 0 | |
270 | 1 | 0 | 0 | 998622.27 | 0.042500 | 4919.40 | 20121001 | 0 | 0 | |
271 | 1 | 0 | 0 | 565070.41 | 0.042500 | 2783.64 | 20121001 | 0 | 0 | |
272 | 1 | 0 | 0 | 597887.31 | 0.040000 | 2858.52 | 20121001 | 0 | 0 | |
273 | 1 | 0 | 0 | 555198.90 | 0.040000 | 2654.43 | 20121001 | 0 | 0 | |
274 | 1 | 0 | 0 | 480266.03 | 0.040000 | 2296.17 | 20121001 | 0 | 0 | |
275 | 1 | 0 | 0 | 648165.16 | 0.041250 | 3150.22 | 20121001 | 0 | 0 | |
276 | 1 | 0 | 0 | 892142.86 | 0.042500 | 4427.46 | 20121001 | 0 | 0 | |
277 | 1 | 0 | 0 | 498588.58 | 0.041250 | 2423.25 | 20121001 | 0 | 0 | |
278 | 1 | 0 | 0 | 647048.92 | 0.043750 | 3239.36 | 20121001 | 0 | 0 | |
279 | 1 | 0 | 0 | 858760.90 | 0.040000 | 4105.77 | 20121001 | 0 | 0 | |
280 | 1 | 0 | 0 | 543000.86 | 0.042500 | 2674.92 | 20121001 | 0 | 0 | |
281 | 1 | 0 | 0 | 897402.20 | 0.040000 | 4296.74 | 20121001 | 0 | 0 | |
282 | 1 | 0 | 0 | 748943.25 | 0.041250 | 3634.87 | 20121001 | 0 | 0 | |
283 | 1 | 0 | 0 | 651060.58 | 0.040000 | 3112.75 | 20121001 | 0 | 0 | |
284 | 1 | 0 | 0 | 1239646.18 | 0.044500 | 6286.41 | 20121001 | 0 | 0 | |
285 | 1 | 0 | 0 | 939811.04 | 0.043000 | 4676.54 | 20121001 | 0 | 0 | |
286 | 1 | 0 | 0 | 1073345.26 | 0.043750 | 5373.56 | 20121001 | 0 | 0 | |
287 | 1 | 0 | 0 | 1047577.79 | 0.045000 | 5350.60 | 20121001 | 0 | 0 | |
288 | 1 | 0 | 0 | 921365.04 | 0.045500 | 4714.36 | 20121001 | 0 | 0 | |
289 | 1 | 0 | 0 | 1425132.91 | 0.043000 | 7101.41 | 20121001 | 0 | 0 | |
290 | 1 | 0 | 0 | 793845.35 | 0.047000 | 4149.10 | 20121001 | 0 | 0 | |
291 | 1 | 0 | 0 | 521668.96 | 0.044000 | 2628.99 | 20121001 | 0 | 0 | |
292 | 1 | 0 | 0 | 764891.94 | 0.045000 | 3901.48 | 20121001 | 0 | 0 | |
293 | 1 | 120 | 0 | 719977.50 | 0.045000 | 2699.92 | 20121001 | 0 | 0 | |
294 | 1 | 0 | 0 | 993245.94 | 0.044000 | 5007.61 | 20121001 | 0 | 0 | |
295 | 1 | 0 | 0 | 651561.64 | 0.045000 | 3327.91 | 20121001 | 0 | 0 | |
296 | 1 | 0 | 0 | 593895.58 | 0.047000 | 3104.05 | 20121001 | 0 | 0 | |
297 | 1 | 0 | 0 | 892560.54 | 0.043000 | 4453.84 | 20121001 | 0 | 0 | |
298 | 1 | 0 | 0 | 814411.84 | 0.043500 | 4082.06 | 20121001 | 0 | 0 | |
299 | 1 | 0 | 0 | 867260.58 | 0.045500 | 4449.34 | 20121001 | 0 | 0 | |
300 | 1 | 0 | 0 | 1090907.34 | 0.043000 | 5443.59 | 20121001 | 0 | 0 | |
301 | 1 | 0 | 0 | 1285191.41 | 0.042500 | 6375.54 | 20121001 | 0 | 0 | |
302 | 1 | 120 | 0 | 735000.00 | 0.045500 | 2786.88 | 20121001 | 0 | 0 | |
303 | 1 | 0 | 0 | 894331.42 | 0.045500 | 4588.22 | 20121001 | 0 | 0 | |
304 | 1 | 0 | 0 | 850218.50 | 0.044000 | 4286.51 | 20121001 | 0 | 0 | |
305 | 1 | 0 | 0 | 834224.12 | 0.043000 | 4156.92 | 20121001 | 0 | 0 | |
306 | 1 | 0 | 0 | 895102.21 | 0.043500 | 4480.31 | 20121001 | 0 | 0 | |
307 | 1 | 0 | 0 | 706272.83 | 0.045500 | 3618.59 | 20121001 | 0 | 0 | |
308 | 1 | 0 | 0 | 715137.07 | 0.044000 | 3605.48 | 20121001 | 0 | 0 | |
309 | 1 | 0 | 0 | 950655.99 | 0.042000 | 4675.00 | 20121001 | 0 | 0 | |
310 | 1 | 0 | 0 | 953399.02 | 0.043000 | 4750.77 | 20121001 | 0 | 0 | |
311 | 1 | 0 | 0 | 1094067.29 | 0.044000 | 5508.37 | 20121001 | 0 | 0 | |
312 | 1 | 0 | 0 | 1286471.00 | 0.043000 | 6383.84 | 20121001 | 0 | 0 | |
313 | 1 | 0 | 0 | 678172.97 | 0.044000 | 3405.17 | 20121001 | 0 | 0 | |
314 | 1 | 0 | 0 | 1134317.75 | 0.043000 | 5636.59 | 20121001 | 0 | 0 | |
315 | 1 | 120 | 0 | 1073600.00 | 0.044000 | 3936.53 | 20121001 | 0 | 0 | |
316 | 1 | 0 | 0 | 1112367.37 | 0.043500 | 5575.49 | 20121001 | 0 | 0 | |
317 | 1 | 0 | 0 | 1115518.44 | 0.044500 | 5641.65 | 20121001 | 0 | 0 | |
318 | 1 | 0 | 0 | 954488.54 | 0.040500 | 4610.90 | 20121001 | 0 | 0 | |
319 | 1 | 0 | 0 | 1356643.48 | 0.044000 | 6830.38 | 20121001 | 0 | 0 | |
320 | 1 | 120 | 0 | 800000.00 | 0.046500 | 3100.00 | 20121001 | 0 | 0 | |
321 | 1 | 0 | 0 | 815603.03 | 0.043000 | 4064.13 | 20121001 | 0 | 0 | |
322 | 1 | 0 | 0 | 1097044.50 | 0.044000 | 5508.37 | 20121001 | 0 | 0 | |
323 | 1 | 0 | 0 | 1070541.05 | 0.042500 | 5288.35 | 20121001 | 0 | 0 | |
324 | 1 | 0 | 0 | 1189254.58 | 0.041500 | 5813.80 | 20121001 | 0 | 0 | |
325 | 1 | 0 | 0 | 676266.14 | 0.043000 | 3365.13 | 20121001 | 0 | 0 | |
326 | 1 | 0 | 0 | 946129.60 | 0.043500 | 4729.21 | 20121001 | 0 | 0 | |
327 | 1 | 0 | 0 | 1193410.86 | 0.043000 | 5938.46 | 20121001 | 0 | 0 | |
328 | 1 | 0 | 0 | 2102640.77 | 0.039500 | 10036.46 | 20121001 | 0 | 0 | |
329 | 1 | 0 | 0 | 806729.54 | 0.044000 | 4056.16 | 20121001 | 0 | 0 | |
330 | 1 | 0 | 0 | 712990.67 | 0.041500 | 3475.64 | 20121001 | 0 | 0 | |
331 | 1 | 0 | 0 | 1670692.31 | 0.042500 | 8264.59 | 20121001 | 0 | 0 | |
332 | 1 | 0 | 0 | 707932.33 | 0.039500 | 3369.21 | 20121001 | 0 | 0 | |
333 | 1 | 120 | 0 | 788000.00 | 0.042000 | 2758.00 | 20121001 | 0 | 0 | |
334 | 1 | 120 | 0 | 862400.00 | 0.040500 | 2910.60 | 20121001 | 0 | 0 | |
335 | 1 | 120 | 0 | 960000.00 | 0.042500 | 3400.00 | 20121001 | 0 | 0 | |
336 | 1 | 0 | 0 | 551273.10 | 0.045000 | 2796.90 | 20121001 | 0 | 0 | |
337 | 1 | 0 | 0 | 860195.49 | 0.038500 | 5173.61 | 20121001 | 0 | 0 | |
338 | 1 | 120 | 0 | 1477900.00 | 0.042000 | 5172.65 | 20121001 | 0 | 0 | |
339 | 1 | 0 | 0 | 986114.83 | 0.041500 | 4800.27 | 20121001 | 0 | 0 | |
340 | 1 | 0 | 0 | 858793.68 | 0.041500 | 4180.49 | 20121001 | 0 | 0 | |
341 | 1 | 0 | 0 | 762850.15 | 0.041500 | 3718.69 | 20121001 | 0 | 0 | |
342 | 1 | 0 | 0 | 721976.73 | 0.041000 | 3493.52 | 20121001 | 0 | 0 | |
343 | 1 | 0 | 0 | 805829.07 | 0.044000 | 4046.15 | 20121001 | 0 | 0 | |
344 | 1 | 120 | 0 | 960000.00 | 0.043000 | 3440.00 | 20121001 | 0 | 0 | |
345 | 1 | 0 | 0 | 998597.30 | 0.041500 | 4861.03 | 20121001 | 0 | 0 | |
346 | 1 | 120 | 0 | 1310000.00 | 0.040000 | 4366.67 | 20121001 | 0 | 0 | |
347 | 1 | 120 | 0 | 1600000.00 | 0.043000 | 5733.33 | 20121001 | 0 | 0 | |
348 | 1 | 0 | 0 | 1462877.36 | 0.041500 | 7131.14 | 20121001 | 0 | 0 | |
349 | 1 | 0 | 0 | 708004.72 | 0.041500 | 3451.33 | 20121001 | 0 | 0 | |
350 | 1 | 0 | 0 | 1076882.64 | 0.040000 | 5156.09 | 20121001 | 0 | 0 | |
351 | 1 | 0 | 0 | 808853.59 | 0.041000 | 3913.91 | 20121001 | 0 | 0 | |
352 | 1 | 0 | 0 | 960613.93 | 0.040000 | 4592.74 | 20121001 | 0 | 0 | |
353 | 1 | 0 | 0 | 918686.22 | 0.040500 | 4418.78 | 20121001 | 0 | 0 | |
354 | 1 | 0 | 0 | 466210.99 | 0.039000 | 2808.38 | 20121001 | 0 | 0 | |
355 | 1 | 0 | 0 | 1176624.18 | 0.040500 | 5667.57 | 20121001 | 0 | 0 | |
356 | 1 | 0 | 0 | 997139.13 | 0.040500 | 4803.02 | 20121001 | 0 | 0 | |
357 | 1 | 120 | 0 | 1000000.00 | 0.042000 | 3500.00 | 20121001 | 0 | 0 | |
358 | 1 | 0 | 0 | 933322.22 | 0.040500 | 4495.63 | 20121001 | 0 | 0 | |
359 | 1 | 120 | 0 | 1938750.00 | 0.041000 | 6624.06 | 20121001 | 0 | 0 | |
360 | 1 | 0 | 0 | 848742.21 | 0.038500 | 3984.87 | 20121001 | 0 | 0 | |
361 | 1 | 0 | 0 | 1248182.87 | 0.039500 | 5931.72 | 20121001 | 0 | 0 | |
362 | 1 | 0 | 0 | 1173276.65 | 0.039000 | 5542.10 | 20121001 | 0 | 0 | |
363 | 1 | 0 | 0 | 558249.81 | 0.042500 | 2750.04 | 20121001 | 0 | 0 | |
364 | 1 | 0 | 0 | 679084.03 | 0.043750 | 3395.14 | 20121001 | 0 | 0 | |
365 | 1 | 0 | 0 | 690132.33 | 0.043750 | 3455.05 | 20121001 | 0 | 0 | |
366 | 1 | 0 | 0 | 2275000.00 | 0.038750 | 10697.89 | 20121001 | 0 | 0 | |
367 | 1 | 0 | 0 | 966666.35 | 0.042500 | 4761.98 | 20121001 | 0 | 0 | |
368 | 1 | 0 | 0 | 815449.41 | 0.041250 | 3957.65 | 20121001 | 0 | 0 | |
369 | 1 | 0 | 0 | 527000.00 | 0.040000 | 2515.98 | 20121001 | 0 | 0 | |
370 | 1 | 0 | 0 | 639897.11 | 0.041250 | 3105.64 | 20121001 | 0 | 0 | |
371 | 1 | 0 | 0 | 556464.84 | 0.041250 | 2700.71 | 20121001 | 0 | 0 | |
372 | 1 | 0 | 0 | 1497790.19 | 0.038750 | 7053.56 | 20121001 | 0 | 0 | |
373 | 1 | 0 | 0 | 576000.00 | 0.041250 | 2791.58 | 20121001 | 0 | 0 | |
374 | 1 | 0 | 0 | 573500.00 | 0.041250 | 2779.47 | 20121001 | 0 | 0 | |
375 | 1 | 0 | 0 | 1755000.00 | 0.041250 | 8505.60 | 20121001 | 0 | 0 | |
376 | 1 | 0 | 0 | 1000000.00 | 0.042500 | 4919.40 | 20121001 | 0 | 0 | |
377 | 1 | 0 | 0 | 655385.82 | 0.045000 | 3325.12 | 20121001 | 0 | 0 | |
378 | 1 | 0 | 0 | 988541.53 | 0.038750 | 4655.35 | 20121001 | 0 | 0 | |
379 | 1 | 0 | 0 | 1158401.83 | 0.042500 | 5706.50 | 20121001 | 0 | 0 | |
380 | 1 | 0 | 0 | 840000.00 | 0.042500 | 4132.30 | 20121001 | 0 | 0 | |
381 | 1 | 0 | 0 | 707650.00 | 0.040000 | 3378.43 | 20121001 | 0 | 0 | |
382 | 1 | 0 | 0 | 826563.34 | 0.045000 | 4199.15 | 20121001 | 0 | 0 | |
383 | 1 | 0 | 0 | 687030.61 | 0.041250 | 3334.39 | 20121001 | 0 | 0 | |
384 | 1 | 120 | 0 | 1443750.00 | 0.041000 | 4932.81 | 20121001 | 0 | 0 | |
385 | 1 | 0 | 0 | 981283.82 | 0.042500 | 4840.69 | 20121001 | 0 | 0 | |
386 | 1 | 0 | 0 | 736690.63 | 0.043750 | 3684.73 | 20121001 | 0 | 0 | |
387 | 1 | 0 | 0 | 950000.00 | 0.037500 | 4399.60 | 20121001 | 0 | 0 | |
388 | 1 | 0 | 0 | 512308.98 | 0.043750 | 2561.33 | 20121001 | 0 | 0 | |
389 | 1 | 0 | 0 | 505568.06 | 0.043750 | 2527.63 | 20121001 | 0 | 0 | |
390 | 1 | 0 | 0 | 527239.24 | 0.040000 | 2520.75 | 20121001 | 0 | 0 |
41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | |
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51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | |
Lifetime
Maximum Rate (Ceiling) |
Lifetime
Minimum Rate (Floor) |
Negative Amortization Limit |
Initial
Negative Amortization Recast Period |
Subsequent Negative Amortization Recast Period |
Initial
Fixed Payment Period |
Subsequent Payment Reset Period |
Initial
Periodic Payment Cap |
Subsequent Periodic Payment Cap |
Initial
Minimum Payment Reset Period | |
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61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | |
Subsequent Minimum Payment Reset Period |
Option
ARM Indicator |
Options at Recast | Initial
Minimum Payment |
Current
Minimum Payment |
Prepayment
Penalty Calculation |
Prepayment
Penalty Type |
Prepayment
Penalty Total Term |
Prepayment
Penalty Hard Term |
Primary Borrower ID | |
1 | 0 | 65 | ||||||||
2 | 0 | 61 | ||||||||
3 | 0 | 345 | ||||||||
4 | 0 | 327 | ||||||||
5 | 0 | 153 | ||||||||
6 | 0 | 23 | ||||||||
7 | 0 | 168 | ||||||||
8 | 0 | 339 | ||||||||
9 | 0 | 115 | ||||||||
10 | 0 | 29 | ||||||||
11 | 0 | 114 | ||||||||
12 | 0 | 112 | ||||||||
13 | 0 | 117 | ||||||||
14 | 0 | 71 | ||||||||
15 | 0 | 116 | ||||||||
16 | 0 | 149 | ||||||||
17 | 0 | 241 | ||||||||
18 | 0 | 323 | ||||||||
19 | 0 | 341 | ||||||||
20 | 0 | 218 | ||||||||
21 | 0 | 200 | ||||||||
22 | 0 | 67 | ||||||||
23 | 0 | 77 | ||||||||
24 | 0 | 12 | ||||||||
25 | 0 | 151 | ||||||||
26 | 0 | 127 | ||||||||
27 | 0 | 135 | ||||||||
28 | 0 | 230 | ||||||||
29 | 0 | 324 | ||||||||
30 | 0 | 195 | ||||||||
31 | 0 | 121 | ||||||||
32 | 0 | 125 | ||||||||
33 | 0 | 14 | ||||||||
34 | 0 | 209 | ||||||||
35 | 0 | 133 | ||||||||
36 | 0 | 194 | ||||||||
37 | 0 | 220 | ||||||||
38 | 0 | 208 | ||||||||
39 | 0 | 378 | ||||||||
40 | 0 | 6 | ||||||||
41 | 0 | 305 | ||||||||
42 | 0 | 148 | ||||||||
43 | 0 | 266 | ||||||||
44 | 0 | 355 | ||||||||
45 | 0 | 120 | ||||||||
46 | 0 | 331 | ||||||||
47 | 0 | 159 | ||||||||
48 | 0 | 155 | ||||||||
49 | 0 | 169 | ||||||||
50 | 0 | 257 | ||||||||
51 | 0 | 227 | ||||||||
52 | 0 | 80 | ||||||||
53 | 0 | 35 | ||||||||
54 | 0 | 334 | ||||||||
55 | 0 | 54 | ||||||||
56 | 0 | 243 | ||||||||
57 | 0 | 242 | ||||||||
58 | 0 | 126 | ||||||||
59 | 0 | 353 | ||||||||
60 | 0 | 82 | ||||||||
61 | 0 | 94 | ||||||||
62 | 0 | 99 | ||||||||
63 | 0 | 295 | ||||||||
64 | 0 | 270 | ||||||||
65 | 0 | 163 | ||||||||
66 | 0 | 351 | ||||||||
67 | 0 | 51 | ||||||||
68 | 0 | 371 | ||||||||
69 | 0 | 233 | ||||||||
70 | 0 | 336 | ||||||||
71 | 0 | 119 | ||||||||
72 | 0 | 124 | ||||||||
73 | 0 | 177 | ||||||||
74 | 0 | 287 | ||||||||
75 | 0 | 260 | ||||||||
76 | 0 | 280 | ||||||||
77 | 0 | 108 | ||||||||
78 | 0 | 253 | ||||||||
79 | 0 | 226 | ||||||||
80 | 0 | 157 | ||||||||
81 | 0 | 63 | ||||||||
82 | 0 | 47 | ||||||||
83 | 0 | 307 | ||||||||
84 | 0 | 166 | ||||||||
85 | 0 | 302 | ||||||||
86 | 0 | 366 | ||||||||
87 | 0 | 182 | ||||||||
88 | 0 | 370 | ||||||||
89 | 0 | 78 | ||||||||
90 | 0 | 225 | ||||||||
91 | 0 | 56 | ||||||||
92 | 0 | 38 | ||||||||
93 | 0 | 162 | ||||||||
94 | 0 | 4 | ||||||||
95 | 0 | 142 | ||||||||
96 | 0 | 165 | ||||||||
97 | 0 | 240 | ||||||||
98 | 0 | 143 | ||||||||
99 | 0 | 246 | ||||||||
100 | 0 | 346 | ||||||||
101 | 0 | 321 | ||||||||
102 | 0 | 140 | ||||||||
103 | 0 | 27 | ||||||||
104 | 0 | 296 | ||||||||
105 | 0 | 304 | ||||||||
106 | 0 | 175 | ||||||||
107 | 0 | 156 | ||||||||
108 | 0 | 174 | ||||||||
109 | 0 | 154 | ||||||||
110 | 0 | 272 | ||||||||
111 | 0 | 73 | ||||||||
112 | 0 | 183 | ||||||||
113 | 0 | 158 | ||||||||
114 | 0 | 179 | ||||||||
115 | 0 | 173 | ||||||||
116 | 0 | 343 | ||||||||
117 | 0 | 332 | ||||||||
118 | 0 | 13 | ||||||||
119 | 0 | 384 | ||||||||
120 | 0 | 136 | ||||||||
121 | 0 | 59 | ||||||||
122 | 0 | 319 | ||||||||
123 | 0 | 28 | ||||||||
124 | 0 | 306 | ||||||||
125 | 0 | 301 | ||||||||
126 | 0 | 21 | ||||||||
127 | 0 | 348 | ||||||||
128 | 0 | 232 | ||||||||
129 | 0 | 186 | ||||||||
130 | 0 | 85 | ||||||||
131 | 0 | 202 | ||||||||
132 | 0 | 139 | ||||||||
133 | 0 | 188 | ||||||||
134 | 0 | 203 | ||||||||
135 | 0 | 228 | ||||||||
136 | 0 | 212 | ||||||||
137 | 0 | 237 | ||||||||
138 | 0 | 388 | ||||||||
139 | 0 | 312 | ||||||||
140 | 0 | 185 | ||||||||
141 | 0 | 191 | ||||||||
142 | 0 | 223 | ||||||||
143 | 0 | 365 | ||||||||
144 | 0 | 41 | ||||||||
145 | 0 | 15 | ||||||||
146 | 0 | 161 | ||||||||
147 | 0 | 138 | ||||||||
148 | 0 | 86 | ||||||||
149 | 0 | 95 | ||||||||
150 | 0 | 271 | ||||||||
151 | 0 | 171 | ||||||||
152 | 0 | 64 | ||||||||
153 | 0 | 33 | ||||||||
154 | 0 | 39 | ||||||||
155 | 0 | 354 | ||||||||
156 | 0 | 58 | ||||||||
157 | 0 | 60 | ||||||||
158 | 0 | 46 | ||||||||
159 | 0 | 2 | ||||||||
160 | 0 | 50 | ||||||||
161 | 0 | 18 | ||||||||
162 | 0 | 350 | ||||||||
163 | 0 | 53 | ||||||||
164 | 0 | 245 | ||||||||
165 | 0 | 263 | ||||||||
166 | 0 | 299 | ||||||||
167 | 0 | 204 | ||||||||
168 | 0 | 44 | ||||||||
169 | 0 | 231 | ||||||||
170 | 0 | 247 | ||||||||
171 | 0 | 111 | ||||||||
172 | 0 | 93 | ||||||||
173 | 0 | 34 | ||||||||
174 | 0 | 176 | ||||||||
175 | 0 | 178 | ||||||||
176 | 0 | 352 | ||||||||
177 | 0 | 224 | ||||||||
178 | 0 | 129 | ||||||||
179 | 0 | 235 | ||||||||
180 | 0 | 24 | ||||||||
181 | 0 | 239 | ||||||||
182 | 0 | 221 | ||||||||
183 | 0 | 141 | ||||||||
184 | 0 | 105 | ||||||||
185 | 0 | 123 | ||||||||
186 | 0 | 359 | ||||||||
187 | 0 | 210 | ||||||||
188 | 0 | 215 | ||||||||
189 | 0 | 281 | ||||||||
190 | 0 | 201 | ||||||||
191 | 0 | 316 | ||||||||
192 | 0 | 320 | ||||||||
193 | 0 | 275 | ||||||||
194 | 0 | 20 | ||||||||
195 | 0 | 300 | ||||||||
196 | 0 | 130 | ||||||||
197 | 0 | 91 | ||||||||
198 | 0 | 328 | ||||||||
199 | 0 | 144 | ||||||||
200 | 0 | 31 | ||||||||
201 | 0 | 244 | ||||||||
202 | 0 | 146 | ||||||||
203 | 0 | 187 | ||||||||
204 | 0 | 265 | ||||||||
205 | 0 | 317 | ||||||||
206 | 0 | 118 | ||||||||
207 | 0 | 291 | ||||||||
208 | 0 | 381 | ||||||||
209 | 0 | 315 | ||||||||
210 | 0 | 382 | ||||||||
211 | 0 | 283 | ||||||||
212 | 0 | 337 | ||||||||
213 | 0 | 385 | ||||||||
214 | 0 | 374 | ||||||||
215 | 0 | 349 | ||||||||
216 | 0 | 387 | ||||||||
217 | 0 | 88 | ||||||||
218 | 0 | 213 | ||||||||
219 | 0 | 198 | ||||||||
220 | 0 | 170 | ||||||||
221 | 0 | 104 | ||||||||
222 | 0 | 229 | ||||||||
223 | 0 | 329 | ||||||||
224 | 0 | 62 | ||||||||
225 | 0 | 106 | ||||||||
226 | 0 | 267 | ||||||||
227 | 0 | 107 | ||||||||
228 | 0 | 380 | ||||||||
229 | 0 | 342 | ||||||||
230 | 0 | 322 | ||||||||
231 | 0 | 57 | ||||||||
232 | 0 | 261 | ||||||||
233 | 0 | 258 | ||||||||
234 | 0 | 234 | ||||||||
235 | 0 | 207 | ||||||||
236 | 0 | 184 | ||||||||
237 | 0 | 190 | ||||||||
238 | 0 | 249 | ||||||||
239 | 0 | 152 | ||||||||
240 | 0 | 193 | ||||||||
241 | 0 | 102 | ||||||||
242 | 0 | 196 | ||||||||
243 | 0 | 255 | ||||||||
244 | 0 | 236 | ||||||||
245 | 0 | 219 | ||||||||
246 | 0 | 238 | ||||||||
247 | 0 | 214 | ||||||||
248 | 0 | 48 | ||||||||
249 | 0 | 145 | ||||||||
250 | 0 | 197 | ||||||||
251 | 0 | 254 | ||||||||
252 | 0 | 211 | ||||||||
253 | 0 | 96 | ||||||||
254 | 0 | 92 | ||||||||
255 | 0 | 160 | ||||||||
256 | 0 | 10 | ||||||||
257 | 0 | 216 | ||||||||
258 | 0 | 286 | ||||||||
259 | 0 | 252 | ||||||||
260 | 0 | 76 | ||||||||
261 | 0 | 83 | ||||||||
262 | 0 | 72 | ||||||||
263 | 0 | 97 | ||||||||
264 | 0 | 180 | ||||||||
265 | 0 | 311 | ||||||||
266 | 0 | 103 | ||||||||
267 | 0 | 89 | ||||||||
268 | 0 | 189 | ||||||||
269 | 0 | 361 | ||||||||
270 | 0 | 181 | ||||||||
271 | 0 | 122 | ||||||||
272 | 0 | 217 | ||||||||
273 | 0 | 264 | ||||||||
274 | 0 | 269 | ||||||||
275 | 0 | 256 | ||||||||
276 | 0 | 288 | ||||||||
277 | 0 | 344 | ||||||||
278 | 0 | 87 | ||||||||
279 | 0 | 268 | ||||||||
280 | 0 | 40 | ||||||||
281 | 0 | 376 | ||||||||
282 | 0 | 276 | ||||||||
283 | 0 | 11 | ||||||||
284 | 99 | 99 | 60 | 347 | ||||||
285 | 99 | 99 | 60 | 363 | ||||||
286 | 0 | 335 | ||||||||
287 | 99 | 99 | 36 | 368 | ||||||
288 | 99 | 99 | 60 | 314 | ||||||
289 | 99 | 99 | 60 | 250 | ||||||
290 | 99 | 99 | 36 | 7 | ||||||
291 | 99 | 99 | 60 | 70 | ||||||
292 | 99 | 99 | 60 | 356 | ||||||
293 | 99 | 99 | 60 | 69 | ||||||
294 | 99 | 99 | 60 | 277 | ||||||
295 | 99 | 99 | 60 | 248 | ||||||
296 | 99 | 99 | 60 | 357 | ||||||
297 | 99 | 99 | 60 | 52 | ||||||
298 | 99 | 99 | 60 | 128 | ||||||
299 | 99 | 99 | 36 | 338 | ||||||
300 | 99 | 99 | 36 | 375 | ||||||
301 | 99 | 99 | 60 | 289 | ||||||
302 | 99 | 99 | 60 | 284 | ||||||
303 | 0 | 279 | ||||||||
304 | 99 | 99 | 60 | 30 | ||||||
305 | 99 | 99 | 60 | 137 | ||||||
306 | 99 | 99 | 60 | 310 | ||||||
307 | 99 | 99 | 60 | 109 | ||||||
308 | 99 | 99 | 60 | 379 | ||||||
309 | 99 | 99 | 60 | 318 | ||||||
310 | 99 | 99 | 60 | 273 | ||||||
311 | 99 | 99 | 60 | 282 | ||||||
312 | 99 | 99 | 60 | 172 | ||||||
313 | 99 | 99 | 60 | 22 | ||||||
314 | 99 | 99 | 60 | 45 | ||||||
315 | 99 | 99 | 60 | 369 | ||||||
316 | 99 | 99 | 60 | 222 | ||||||
317 | 99 | 99 | 60 | 8 | ||||||
318 | 99 | 99 | 60 | 3 | ||||||
319 | 99 | 99 | 60 | 358 | ||||||
320 | 99 | 99 | 60 | 81 | ||||||
321 | 99 | 99 | 60 | 391 | ||||||
322 | 99 | 99 | 60 | 340 | ||||||
323 | 99 | 99 | 60 | 192 | ||||||
324 | 99 | 99 | 60 | 377 | ||||||
325 | 99 | 99 | 60 | 383 | ||||||
326 | 99 | 99 | 60 | 100 | ||||||
327 | 99 | 99 | 60 | 132 | ||||||
328 | 99 | 99 | 60 | 290 | ||||||
329 | 99 | 99 | 60 | 16 | ||||||
330 | 99 | 99 | 60 | 389 | ||||||
331 | 99 | 99 | 60 | 164 | ||||||
332 | 99 | 99 | 60 | 367 | ||||||
333 | 99 | 99 | 60 | 9 | ||||||
334 | 99 | 99 | 60 | 372 | ||||||
335 | 99 | 99 | 60 | 360 | ||||||
336 | 99 | 99 | 60 | 5 | ||||||
337 | 99 | 99 | 60 | 55 | ||||||
338 | 99 | 99 | 60 | 308 | ||||||
339 | 99 | 99 | 60 | 330 | ||||||
340 | 99 | 99 | 60 | 325 | ||||||
341 | 99 | 99 | 60 | 293 | ||||||
342 | 99 | 99 | 60 | 326 | ||||||
343 | 0 | 362 | ||||||||
344 | 99 | 99 | 60 | 309 | ||||||
345 | 99 | 99 | 60 | 43 | ||||||
346 | 99 | 99 | 60 | 285 | ||||||
347 | 99 | 99 | 60 | 26 | ||||||
348 | 99 | 99 | 60 | 278 | ||||||
349 | 99 | 99 | 60 | 294 | ||||||
350 | 99 | 99 | 60 | 17 | ||||||
351 | 99 | 99 | 60 | 333 | ||||||
352 | 99 | 99 | 60 | 206 | ||||||
353 | 99 | 99 | 60 | 19 | ||||||
354 | 99 | 99 | 60 | 36 | ||||||
355 | 99 | 99 | 60 | 68 | ||||||
356 | 99 | 99 | 60 | 313 | ||||||
357 | 99 | 99 | 60 | 298 | ||||||
358 | 99 | 99 | 60 | 74 | ||||||
359 | 99 | 99 | 60 | 49 | ||||||
360 | 99 | 99 | 60 | 75 | ||||||
361 | 99 | 99 | 60 | 150 | ||||||
362 | 99 | 99 | 60 | 110 | ||||||
363 | 0 | 147 | ||||||||
364 | 0 | 79 | ||||||||
365 | 0 | 297 | ||||||||
366 | 0 | 1 | ||||||||
367 | 0 | 259 | ||||||||
368 | 0 | 167 | ||||||||
369 | 0 | 37 | ||||||||
370 | 0 | 205 | ||||||||
371 | 0 | 390 | ||||||||
372 | 0 | 42 | ||||||||
373 | 0 | 199 | ||||||||
374 | 0 | 373 | ||||||||
375 | 0 | 98 | ||||||||
376 | 0 | 113 | ||||||||
377 | 0 | 90 | ||||||||
378 | 0 | 66 | ||||||||
379 | 0 | 262 | ||||||||
380 | 0 | 364 | ||||||||
381 | 0 | 292 | ||||||||
382 | 0 | 84 | ||||||||
383 | 0 | 134 | ||||||||
384 | 99 | 99 | 60 | 32 | ||||||
385 | 0 | 101 | ||||||||
386 | 0 | 274 | ||||||||
387 | 0 | 131 | ||||||||
388 | 0 | 303 | ||||||||
389 | 0 | 25 | ||||||||
390 | 0 | 251 |
71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | |
Number
of Mortgaged Properties |
Total
Number of Borrowers |
Self-employment Flag |
Current
‘Other’ Monthly Payment |
Length
of Employment: Borrower |
Length
of Employment: Co- Borrower |
Years in Home | FICO Model Used | Most
Recent FICO Date |
Primary
Wage Earner Original FICO: Equifax | |
1 | 1 | 0 | 2 | 1.5 | 0 | 1 | ||||
2 | 2 | 1 | 19 | 19 | 0 | 1 | ||||
3 | 1 | 0 | 4 | 2 | 17 | 1 | ||||
4 | 1 | 0 | 21 | 0 | 1 | |||||
5 | 1 | 1 | 35 | 0 | 1 | |||||
6 | 1 | 0 | 17 | 8 | 1 | |||||
7 | 1 | 0 | 9 | 6 | 1 | |||||
8 | 3 | 1 | 4.5 | 0 | 1 | |||||
9 | 2 | 1 | 28 | 2 | 1 | |||||
10 | 2 | 0 | 1.5 | 0 | 1 | |||||
11 | 3 | 0 | 4 | 12 | 0 | 1 | ||||
12 | 1 | 0 | 10 | 4 | 1 | 1 | ||||
13 | 1 | 1 | 20.25 | 27.25 | 7 | 1 | ||||
14 | 1 | 1 | 4 | 10 | 0 | 1 | ||||
15 | 2 | 0 | 5 | 1 | 1 | |||||
16 | 2 | 1 | 3 | 0 | 1 | |||||
17 | 1 | 0 | 11.5 | 13 | 7.7 | 1 | ||||
18 | 1 | 0 | 5.25 | 12 | 0 | 1 | ||||
19 | 1 | 1 | 2 | 28 | 12 | 1 | ||||
20 | 1 | 1 | 8 | 6.5 | 1 | |||||
21 | 1 | 0 | 14 | 9 | 1 | |||||
22 | 1 | 0 | 3.5 | 0 | 3 | 1 | ||||
23 | 2 | 0 | 17.2 | 0 | 6 | 1 | ||||
24 | 3 | 0 | 6 | 7 | 0 | 1 | ||||
25 | 2 | 1 | 11.6 | 0 | 0 | 1 | ||||
26 | 2 | 0 | 4.3 | 0 | 1 | 1 | ||||
27 | 1 | 0 | 1.7 | 0 | 0 | 1 | ||||
28 | 2 | 0 | 1 | 0 | 0 | 1 | ||||
29 | 1 | 0 | 25 | 0 | 14 | 1 | ||||
30 | 1 | 0 | 11.6 | 0 | 2.1 | 1 | ||||
31 | 1 | 0 | 16 | 6 | 1 | |||||
32 | 2 | 1 | 6 | 4.75 | 1 | |||||
33 | 1 | 0 | 6.75 | 7 | 1 | |||||
34 | 1 | 0 | 6.5 | 5.5 | 0 | 1 | ||||
35 | 1 | 0 | 12 | 0.25 | 0 | 1 | ||||
36 | 1 | 0 | 21 | 5.5 | 3 | 1 | ||||
37 | 1 | 0 | 7 | 1 | 1 | |||||
38 | 2 | 1 | 13 | 10 | 2 | 1 | ||||
39 | 1 | 0 | 10.5 | 2.25 | 0 | 1 | ||||
40 | 2 | 0 | 4.25 | 3.5 | 0 | 1 | ||||
41 | 2 | 0 | 7 | 6 | 0 | 1 | ||||
42 | 1 | 1 | 5 | 2.25 | 0 | 1 | ||||
43 | 2 | 0 | 10 | 0 | 1 | |||||
44 | 1 | 0 | 1 | 0 | 1 | |||||
45 | 1 | 0 | 5.5 | 0 | 1 | |||||
46 | 2 | 1 | 10 | 10 | 0 | 1 | ||||
47 | 1 | 0 | 3 | 16 | 1 | |||||
48 | 1 | 0 | 8.25 | 0 | 1 | |||||
49 | 1 | 0 | 4.25 | 5.25 | 6 | 1 | ||||
50 | 1 | 1 | 2 | 15 | 1 | |||||
51 | 1 | 0 | 19.25 | 10 | 1 | |||||
52 | 2 | 0 | 0.25 | 3 | 1 | |||||
53 | 1 | 0 | 2 | 0.5 | 7 | 1 | ||||
54 | 1 | 1 | 14 | 0 | 1 | |||||
55 | 2 | 1 | 18 | 0 | 1 | |||||
56 | 2 | 1 | 4 | 0 | 0 | 1 | ||||
57 | 1 | 0 | 22 | 0 | 7 | 1 | ||||
58 | 1 | 1 | 14.25 | 5 | 1 | |||||
59 | 3 | 0 | 5 | 5 | 0 | 1 | ||||
60 | 1 | 1 | 9 | 9 | 1 | |||||
61 | 1 | 0 | 2.5 | 0 | 1 | |||||
62 | 1 | 0 | 3 | 3 | 0 | 1 | ||||
63 | 3 | 0 | 24 | 0 | 0 | 1 | ||||
64 | 2 | 0 | 20 | 10 | 0 | 1 | ||||
65 | 1 | 0 | 15 | 15 | 0 | 1 | ||||
66 | 2 | 1 | 25 | 1 | 1 | |||||
67 | 1 | 0 | 5 | 11 | 7 | 1 | ||||
68 | 2 | 0 | 5.75 | 4.75 | 0 | 1 | ||||
69 | 1 | 1 | 18 | 16 | 1 | |||||
70 | 2 | 1 | 8 | 8 | 16 | 1 | ||||
71 | 1 | 0 | 28.5 | 4 | 1 | |||||
72 | 1 | 1 | 29 | 2 | 0 | 1 | ||||
73 | 2 | 1 | 6 | 2 | 1 | |||||
74 | 1 | 0 | 3.25 | 2 | 1 | |||||
75 | 2 | 0 | 17 | 5.5 | 1 | |||||
76 | 1 | 0 | 6 | 12 | 1 | |||||
77 | 3 | 0 | 0.25 | 15 | 2 | 1 | ||||
78 | 1 | 0 | 6 | 0 | 0 | 1 | ||||
79 | 1 | 1 | 19 | 11 | 1 | |||||
80 | 1 | 0 | 6 | 4 | 1 | |||||
81 | 3 | 0 | 12 | 0 | 1 | |||||
82 | 1 | 0 | 12.75 | 7 | 0 | 1 | ||||
83 | 1 | 0 | 0 | 2.5 | 1 | |||||
84 | 1 | 1 | 32 | 0 | 1 | |||||
85 | 1 | 0 | 2 | 5 | 2 | 1 | ||||
86 | 2 | 0 | 0.75 | 0 | 1 | |||||
87 | 1 | 0 | 4 | 10.75 | 0 | 1 | ||||
88 | 1 | 0 | 11 | 7 | 0 | 1 | ||||
89 | 4 | 1 | 0 | 18 | 0 | 1 | ||||
90 | 1 | 0 | 4 | 3 | 1 | |||||
91 | 2 | 0 | 0 | 0 | 1 | |||||
92 | 1 | 1 | 2.5 | 2 | 2.5 | 1 | ||||
93 | 1 | 0 | 12.75 | 16 | 19 | 1 | ||||
94 | 2 | 0 | 18 | 0 | 1 | |||||
95 | 2 | 1 | 22 | 0 | 1 | |||||
96 | 2 | 1 | 10 | 0 | 0 | 1 | ||||
97 | 3 | 1 | 22 | 0 | 1 | |||||
98 | 1 | 0 | 0.25 | 4 | 1 | |||||
99 | 1 | 1 | 15 | 2.25 | 1 | |||||
100 | 1 | 0 | 6 | 12 | 1 | |||||
101 | 1 | 1 | 28 | 7 | 0 | 1 | ||||
102 | 1 | 0 | 0 | 8 | 1 | |||||
103 | 3 | 0 | 22.5 | 0 | 1 | |||||
104 | 1 | 0 | 0 | 4 | 1 | |||||
105 | 1 | 0 | 0 | 0 | 1 | |||||
106 | 2 | 0 | 0 | 2 | 1 | |||||
107 | 1 | 0 | 4 | 7 | 1 | |||||
108 | 1 | 0 | 7 | 6 | 1 | |||||
109 | 2 | 1 | 25 | 0 | 0 | 1 | ||||
110 | 1 | 1 | 36.25 | 36.25 | 12 | 1 | ||||
111 | 1 | 0 | 9 | 5 | 1 | |||||
112 | 1 | 0 | 9.75 | 1 | 1 | |||||
113 | 1 | 1 | 25.25 | 12 | 1 | |||||
114 | 1 | 0 | 4.25 | 7 | 1 | |||||
115 | 3 | 0 | 7.25 | 27 | 0 | 1 | ||||
116 | 1 | 0 | 27 | 12 | 1 | |||||
117 | 1 | 0 | 3.25 | 21.75 | 9 | 1 | ||||
118 | 1 | 0 | 23.25 | 15.25 | 7 | 1 | ||||
119 | 2 | 0 | 13 | 0 | 1 | |||||
120 | 1 | 0 | 27 | 5 | 1 | |||||
121 | 1 | 1 | 2.25 | 0.75 | 1 | |||||
122 | 2 | 1 | 6 | 8 | 5 | 1 | ||||
123 | 1 | 1 | 14 | 10 | 4 | 1 | ||||
124 | 1 | 0 | 0 | 14 | 1 | |||||
125 | 2 | 0 | 2.5 | 8 | 0 | 1 | ||||
126 | 2 | 1 | 7 | 6 | 0 | 1 | ||||
127 | 1 | 0 | 18.5 | 0 | 1 | |||||
128 | 2 | 0 | 13 | 1.25 | 0 | 1 | ||||
129 | 1 | 0 | 26 | 25 | 7 | 1 | ||||
130 | 1 | 1 | 18 | 17 | 1 | |||||
131 | 1 | 1 | 0 | 0 | 1 | |||||
132 | 2 | 0 | 0.4 | 6 | 1 | |||||
133 | 4 | 1 | 5 | 0 | 1 | |||||
134 | 1 | 0 | 17 | 11 | 1 | |||||
135 | 2 | 0 | 4 | 0 | 1 | |||||
136 | 1 | 0 | 3 | 2 | 7 | 1 | ||||
137 | 1 | 0 | 14 | 1.25 | 1 | |||||
138 | 2 | 0 | 0 | 0 | 1 | |||||
139 | 1 | 0 | 27 | 14 | 20 | 1 | ||||
140 | 1 | 1 | 3 | 0 | 1 | |||||
141 | 1 | 0 | 18.5 | 0 | 1 | |||||
142 | 1 | 1 | 7.5 | 1 | 1 | |||||
143 | 1 | 0 | 1 | 2 | 1 | |||||
144 | 2 | 0 | 14 | 6 | 0 | 1 | ||||
145 | 2 | 0 | 2.25 | 7.75 | 0 | 1 | ||||
146 | 1 | 0 | 21 | 0 | 1 | |||||
147 | 2 | 0 | 4 | 1 | 1 | 1 | ||||
148 | 1 | 0 | 0.5 | 0 | 1 | |||||
149 | 2 | 1 | 15 | 1 | 1 | |||||
150 | 1 | 0 | 12 | 6 | 1 | |||||
151 | 2 | 1 | 10.25 | 0 | 1 | |||||
152 | 1 | 0 | 2 | 6 | 0 | 1 | ||||
153 | 1 | 0 | 0.75 | 6 | 1 | |||||
154 | 1 | 0 | 6 | 2 | 1 | |||||
155 | 1 | 0 | 11 | 0 | 5 | 1 | ||||
156 | 1 | 0 | 11.5 | 11.5 | 1 | |||||
157 | 1 | 0 | 4 | 10 | 5 | 1 | ||||
158 | 1 | 1 | 14 | 30 | 1 | |||||
159 | 1 | 0 | 2.5 | 10 | 1 | |||||
160 | 1 | 0 | 13 | 3 | 1 | |||||
161 | 2 | 0 | 0 | 4 | 2.5 | 1 | ||||
162 | 2 | 0 | 8 | 7 | 1 | |||||
163 | 2 | 0 | 0 | 0 | 0 | 1 | ||||
164 | 3 | 0 | 15 | 14 | 2 | 1 | ||||
165 | 2 | 0 | 2.25 | 5.5 | 1 | 1 | ||||
166 | 1 | 0 | 17 | 0 | 1 | |||||
167 | 2 | 0 | 1.5 | 0 | 1 | |||||
168 | 2 | 0 | 2 | 0 | 1 | |||||
169 | 1 | 0 | 7.75 | 0 | 1 | |||||
170 | 2 | 1 | 15 | 0 | 1 | |||||
171 | 1 | 0 | 5 | 0 | 1 | |||||
172 | 1 | 1 | 25 | 6 | 1 | |||||
173 | 1 | 1 | 30 | 2 | 1 | 1 | ||||
174 | 1 | 1 | 10 | 3 | 0 | 1 | ||||
175 | 1 | 0 | 12 | 12 | 4 | 1 | ||||
176 | 2 | 1 | 15 | 3 | 1 | |||||
177 | 2 | 1 | 25 | 0 | 1 | |||||
178 | 2 | 1 | 15 | 15 | 6 | 1 | ||||
179 | 1 | 0 | 13 | 0.25 | 1 | |||||
180 | 2 | 0 | 12 | 7 | 1 | 9/25/2012 | ||||
181 | 2 | 0 | 10 | 0 | 1 | |||||
182 | 1 | 0 | 16.5 | 0 | 1 | |||||
183 | 1 | 0 | 14.5 | 0 | 1 | |||||
184 | 1 | 0 | 6 | 0 | 1 | |||||
185 | 1 | 1 | 25 | 19 | 1 | |||||
186 | 3 | 0 | 3.75 | 0.5 | 2.25 | 1 | ||||
187 | 1 | 1 | 12 | 5 | 1 | |||||
188 | 3 | 1 | 5 | 0 | 1 | |||||
189 | 2 | 0 | 8.25 | 0 | 1 | |||||
190 | 1 | 1 | 17 | 17 | 7 | 1 | ||||
191 | 2 | 0 | 13 | 0 | 1 | |||||
192 | 2 | 1 | 20 | 0 | 1 | |||||
193 | 3 | 0 | 2 | 0 | 1 | |||||
194 | 1 | 0 | 0 | 4.75 | 7 | 1 | ||||
195 | 1 | 0 | 3 | 2.5 | 0 | 1 | ||||
196 | 1 | 0 | 9.25 | 11.75 | 0 | 1 | ||||
197 | 1 | 1 | 3 | 8.5 | 8 | 1 | ||||
198 | 3 | 1 | 17 | 0.25 | 1 | |||||
199 | 1 | 0 | 0.25 | 0 | 1 | |||||
200 | 3 | 0 | 4 | 4 | 6 | 1 | ||||
201 | 1 | 0 | 2.5 | 0 | 1 | |||||
202 | 2 | 0 | 4.25 | 2 | 0 | 1 | ||||
203 | 1 | 0 | 0 | 8 | 5 | 1 | ||||
204 | 1 | 0 | 4 | 2 | 1 | |||||
205 | 1 | 1 | 10 | 17 | 1 | |||||
206 | 1 | 1 | 15 | 4 | 10 | 1 | ||||
207 | 1 | 0 | 2 | 8 | 1 | |||||
208 | 2 | 0 | 1 | 6.5 | 5 | 1 | ||||
209 | 1 | 1 | 5.5 | 5 | 5 | 1 | ||||
210 | 1 | 0 | 5 | 5 | 1 | |||||
211 | 1 | 0 | 8 | 0 | 1 | |||||
212 | 1 | 0 | 24 | 20 | 1 | |||||
213 | 2 | 0 | 5 | 0 | 1 | |||||
214 | 4 | 0 | 14 | 0 | 1 | |||||
215 | 1 | 1 | 13 | 5 | 0 | 1 | ||||
216 | 2 | 1 | 7 | 2 | 0 | 1 | ||||
217 | 2 | 0 | 4 | 0 | 1 | |||||
218 | 1 | 0 | 10 | 1 | 1 | |||||
219 | 1 | 1 | 14 | 3 | 1 | |||||
220 | 1 | 1 | 0 | 20 | 12 | 1 | ||||
221 | 3 | 0 | 3 | 2 | 0 | 1 | ||||
222 | 2 | 0 | 30.65 | 18.31 | 21.08 | 1 | 9/25/2012 | |||
223 | 1 | 0 | 4.54 | 0 | 5.17 | 1 | ||||
224 | 1 | 1 | 4.6 | 0 | 16.33 | 1 | ||||
225 | 2 | 0 | 19.5 | 0 | 0 | 1 | ||||
226 | 1 | 0 | 18 | 0 | 0 | 1 | ||||
227 | 1 | 0 | 23 | 0 | 0 | 1 | ||||
228 | 2 | 1 | 17 | 8 | 1 | |||||
229 | 2 | 0 | 0 | 0 | 1 | |||||
230 | 2 | 0 | 6.5 | 0.25 | 0 | 1 | ||||
231 | 1 | 0 | 0.25 | 15.5 | 0 | 1 | ||||
232 | 1 | 0 | 0 | 3 | 2 | 1 | ||||
233 | 1 | 0 | 13.75 | 14 | 1 | |||||
234 | 2 | 0 | 13 | 12 | 6 | 1 | ||||
235 | 1 | 1 | 7 | 3.75 | 1 | |||||
236 | 1 | 0 | 5 | 5 | 0 | 1 | ||||
237 | 1 | 0 | 24.25 | 10 | 1 | |||||
238 | 1 | 0 | 13 | 6 | 1 | |||||
239 | 1 | 0 | 21 | 0 | 1 | |||||
240 | 4 | 0 | 12 | 7 | 1 | |||||
241 | 1 | 0 | 16.75 | 2 | 1 | |||||
242 | 3 | 0 | 13 | 0 | 1 | |||||
243 | 1 | 0 | 15 | 6 | 1 | |||||
244 | 1 | 0 | 14 | 1 | 1 | |||||
245 | 1 | 0 | 2 | 3 | 0 | 1 | ||||
246 | 2 | 0 | 16 | 6 | 0 | 1 | ||||
247 | 1 | 1 | 4.5 | 0 | 1 | |||||
248 | 1 | 0 | 5 | 5 | 1 | |||||
249 | 1 | 0 | 5.75 | 1 | 1 | |||||
250 | 2 | 0 | 13.5 | 0 | 1 | |||||
251 | 2 | 0 | 2 | 2 | 1 | |||||
252 | 1 | 0 | 0.5 | 3 | 3 | 1 | ||||
253 | 1 | 1 | 19 | 1.25 | 1 | |||||
254 | 4 | 1 | 5.5 | 4 | 1 | |||||
255 | 1 | 0 | 2 | 2 | 1 | |||||
256 | 1 | 0 | 4 | 10 | 9 | 1 | ||||
257 | 1 | 1 | 10.5 | 5 | 1 | |||||
258 | 1 | 0 | 8 | 5 | 0 | 1 | ||||
259 | 1 | 0 | 16.75 | 0 | 1 | |||||
260 | 1 | 1 | 10 | 7.75 | 1 | |||||
261 | 2 | 1 | 6 | 0 | 1 | |||||
262 | 1 | 0 | 3.5 | 0 | 1 | |||||
263 | 1 | 0 | 0.5 | 0 | 1 | |||||
264 | 1 | 0 | 32 | 8 | 0 | 1 | ||||
265 | 2 | 0 | 3 | 0 | 1 | |||||
266 | 1 | 0 | 0.5 | 0 | 1 | |||||
267 | 2 | 0 | 15 | 0 | 1 | |||||
268 | 1 | 0 | 0 | 0 | 1 | |||||
269 | 1 | 0 | 0 | 17 | 1 | |||||
270 | 4 | 0 | 13.25 | 0 | 1 | |||||
271 | 1 | 0 | 25.5 | 4.5 | 1 | |||||
272 | 1 | 0 | 32 | 0.75 | 4 | 1 | ||||
273 | 1 | 0 | 6 | 0 | 1 | |||||
274 | 1 | 0 | 0 | 9 | 1 | |||||
275 | 2 | 1 | 10 | 0 | 1 | |||||
276 | 1 | 1 | 7 | 5 | 1 | |||||
277 | 1 | 0 | 6.75 | 9.25 | 1 | |||||
278 | 2 | 0 | 0 | 0 | 1 | |||||
279 | 2 | 0 | 14 | 2 | 0 | 1 | ||||
280 | 1 | 1 | 3 | 0 | 1 | |||||
281 | 1 | 1 | 15 | 0 | 1 | |||||
282 | 1 | 1 | 11 | 12 | 1 | |||||
283 | 2 | 0 | 3 | 1 | 0 | 1 | ||||
284 | 3 | 0 | 4 | 0 | 1 | 9/25/2012 | ||||
285 | 1 | 0 | 0.5 | 0 | 1 | |||||
286 | 1 | 0 | 3 | 0 | 1 | |||||
287 | 2 | 0 | 10 | 8 | 1 | 9/25/2012 | ||||
288 | 1 | 1 | 22 | 20 | 9 | 1 | ||||
289 | 2 | 0 | 8 | 9 | 8 | 1 | 9/25/2012 | |||
290 | 2 | 1 | 14 | 1 | 1 | 1 | 9/25/2012 | |||
291 | 1 | 1 | 10 | 5 | 14 | 1 | 9/25/2012 | |||
292 | 3 | 0 | 1 | 4 | 19 | 1 | 9/25/2012 | |||
293 | 1 | 0 | 1 | 0 | 1 | 9/25/2012 | ||||
294 | 3 | 0 | 2 | 0 | 1 | 9/25/2012 | ||||
295 | 1 | 0 | 2 | 0 | 0 | 1 | 9/25/2012 | |||
296 | 8 | 1 | 25 | 0 | 1 | 9/25/2012 | ||||
297 | 1 | 0 | 0 | 1 | 0 | 1 | 9/25/2012 | |||
298 | 2 | 0 | 9 | 4 | 1 | 1 | 9/25/2012 | |||
299 | 1 | 0 | 7 | 1 | 11 | 1 | 9/25/2012 | |||
300 | 2 | 0 | 9 | 0 | 1 | 9/25/2012 | ||||
301 | 2 | 1 | 9 | 10 | 0 | 1 | 9/25/2012 | |||
302 | 1 | 0 | 1.5 | 16 | 11 | 1 | ||||
303 | 4 | 1 | 18 | 4 | 16 | 1 | 9/25/2012 | |||
304 | 1 | 1 | 55 | 50 | 10 | 1 | 9/25/2012 | |||
305 | 2 | 0 | 11 | 4 | 0 | 1 | 9/25/2012 | |||
306 | 2 | 0 | 7 | 0.75 | 3 | 1 | ||||
307 | 3 | 1 | 7 | 2 | 3 | 1 | 9/25/2012 | |||
308 | 1 | 0 | 5 | 5 | 5 | 1 | 9/25/2012 | |||
309 | 1 | 0 | 0.25 | 5 | 0 | 1 | ||||
310 | 2 | 0 | 7 | 9 | 0 | 1 | 9/25/2012 | |||
311 | 3 | 1 | 6 | 0.6 | 1 | |||||
312 | 3 | 0 | 6 | 20 | 12 | 1 | ||||
313 | 2 | 0 | 3 | 0 | 1 | |||||
314 | 2 | 1 | 12 | 11 | 2 | 1 | ||||
315 | 2 | 0 | 6 | 2 | 0 | 1 | 9/25/2012 | |||
316 | 2 | 0 | 1 | 0 | 0 | 1 | 9/25/2012 | |||
317 | 1 | 0 | 11 | 5 | 1 | |||||
318 | 1 | 0 | 16 | 0 | 1 | 9/25/2012 | ||||
319 | 1 | 0 | 1 | 8 | 0 | 1 | 9/25/2012 | |||
320 | 1 | 0 | 2 | 2 | 2 | 1 | ||||
321 | 2 | 0 | 18 | 0 | 0 | 1 | 9/25/2012 | |||
322 | 1 | 1 | 30 | 30 | 4 | 1 | ||||
323 | 3 | 1 | 5 | 13 | 1 | 1 | ||||
324 | 1 | 0 | 3 | 0 | 1 | |||||
325 | 1 | 1 | 4 | 2 | 0 | 1 | 9/25/2012 | |||
326 | 2 | 0 | 3.5 | 12 | 1 | 1 | ||||
327 | 1 | 0 | 0 | 0 | 1 | |||||
328 | 3 | 1 | 0.75 | 5 | 0 | 1 | ||||
329 | 7 | 1 | 5.5 | 5.5 | 0 | 1 | ||||
330 | 2 | 0 | 2 | 1 | 1 | |||||
331 | 1 | 0 | 0.5 | 7 | 0 | 1 | ||||
332 | 1 | 0 | 4 | 7 | 3 | 1 | ||||
333 | 1 | 1 | 5 | 5 | 0 | 1 | ||||
334 | 2 | 0 | 10 | 0 | 1 | |||||
335 | 1 | 1 | 2.75 | 1 | 0 | 1 | ||||
336 | 4 | 0 | 5 | 12 | 0 | 1 | ||||
337 | 1 | 1 | 9 | 5 | 20 | 1 | ||||
338 | 2 | 0 | 3 | 0 | 1 | |||||
339 | 4 | 1 | 15 | 4 | 14 | 1 | ||||
340 | 1 | 1 | 32 | 0 | 1 | |||||
341 | 1 | 0 | 14 | 4 | 1 | |||||
342 | 1 | 1 | 8 | 8 | 1 | 1 | ||||
343 | 1 | 1 | 6 | 6 | 0 | 1 | ||||
344 | 1 | 0 | 10 | 14 | 1 | |||||
345 | 2 | 1 | 31 | 17 | 10 | 1 | ||||
346 | 1 | 0 | 2 | 0 | 1 | |||||
347 | 2 | 0 | 20 | 5 | 1 | |||||
348 | 2 | 0 | 21 | 0 | 1 | |||||
349 | 1 | 0 | 9 | 0.5 | 6 | 1 | ||||
350 | 2 | 1 | 15 | 0 | 1 | |||||
351 | 1 | 0 | 0 | 19 | 19 | 1 | ||||
352 | 1 | 0 | 16 | 7 | 7 | 1 | ||||
353 | 2 | 0 | 1 | 5 | 0 | 1 | ||||
354 | 3 | 0 | 3 | 4 | 0 | 1 | ||||
355 | 1 | 0 | 6 | 0 | 1 | |||||
356 | 1 | 1 | 2.75 | 1 | 0 | 1 | ||||
357 | 2 | 0 | 12.75 | 0 | 1 | |||||
358 | 1 | 0 | 4 | 3 | 0 | 1 | ||||
359 | 1 | 0 | 12 | 0 | 1 | |||||
360 | 2 | 0 | 0.25 | 0 | 1 | |||||
361 | 1 | 1 | 5 | 0 | 1 | |||||
362 | 1 | 0 | 6 | 0 | 1 | |||||
363 | 2 | 0 | 25 | 0.5 | 1 | |||||
364 | 1 | 0 | 1 | 0 | 1 | |||||
365 | 2 | 1 | 5 | 0 | 1 | |||||
366 | 2 | 0 | 12 | 0 | 1 | |||||
367 | 2 | 0 | 2 | 0 | 1 | |||||
368 | 2 | 0 | 4.6 | 0 | 0 | 1 | ||||
369 | 1 | 0 | 5 | 4.75 | 1 | |||||
370 | 1 | 1 | 2.5 | 8 | 5 | 1 | ||||
371 | 1 | 0 | 2.75 | 0 | 1 | |||||
372 | 2 | 0 | 5 | 0 | 1 | |||||
373 | 1 | 0 | 28 | 5 | 1 | |||||
374 | 2 | 0 | 28 | 26 | 8 | 1 | ||||
375 | 1 | 0 | 10 | 1.75 | 1 | |||||
376 | 1 | 0 | 5 | 3.5 | 1 | |||||
377 | 3 | 1 | 27 | 20 | 0 | 1 | ||||
378 | 2 | 1 | 3 | 1.5 | 1 | |||||
379 | 3 | 0 | 1 | 1.75 | 0 | 1 | ||||
380 | 1 | 1 | 25 | 25 | 5 | 1 | ||||
381 | 1 | 0 | 4 | 2 | 9 | 1 | ||||
382 | 3 | 0 | 16.8 | 0 | 0 | 1 | ||||
383 | 1 | 0 | 11.5 | 6 | 1 | |||||
384 | 2 | 0 | 4 | 0 | 1 | |||||
385 | 1 | 1 | 17 | 1 | 1 | |||||
386 | 1 | 0 | 28 | 1.5 | 1 | |||||
387 | 1 | 0 | 12 | 14 | 2 | 1 | ||||
388 | 1 | 1 | 19.5 | 0 | 7 | 1 | ||||
389 | 1 | 0 | 1.6 | 0 | 0 | 1 | ||||
390 | 3 | 0 | 12.4 | 0 | 0 | 1 |
81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
Primary
Wage Earner Original FICO: Experian |
Primary
Wage Earner Original FICO: TransUnion |
Secondary
Wage Earner Original FICO: Equifax |
Secondary
Wage Earner Original FICO: Experian |
Secondary
Wage Earner Original FICO: TransUnion |
Original Primary Borrower FICO |
Most
Recent Primary Borrower FICO |
Most
Recent Co- Borrower FICO |
Most
Recent FICO Method |
VantageScore: Primary Borrower | |
1 | 797 | |||||||||
2 | 723 | |||||||||
3 | 820 | |||||||||
4 | 790 | |||||||||
5 | 740 | |||||||||
6 | 799 | |||||||||
7 | 754 | |||||||||
8 | 767 | |||||||||
9 | 783 | |||||||||
10 | 790 | |||||||||
11 | 769 | |||||||||
12 | 767 | |||||||||
13 | 770 | |||||||||
14 | 807 | |||||||||
15 | 790 | |||||||||
16 | 808 | |||||||||
17 | 784 | |||||||||
18 | 730 | |||||||||
19 | 798 | |||||||||
20 | 783 | |||||||||
21 | 766 | |||||||||
22 | 740 | |||||||||
23 | 785 | |||||||||
24 | 794 | |||||||||
25 | 801 | |||||||||
26 | 798 | |||||||||
27 | 804 | |||||||||
28 | 804 | |||||||||
29 | 796 | |||||||||
30 | 738 | |||||||||
31 | 772 | |||||||||
32 | 755 | |||||||||
33 | 777 | |||||||||
34 | 802 | |||||||||
35 | 734 | |||||||||
36 | 768 | |||||||||
37 | 702 | |||||||||
38 | 805 | |||||||||
39 | 768 | |||||||||
40 | 775 | |||||||||
41 | 732 | |||||||||
42 | 769 | |||||||||
43 | 769 | |||||||||
44 | 764 | |||||||||
45 | 748 | |||||||||
46 | 719 | |||||||||
47 | 774 | |||||||||
48 | 761 | |||||||||
49 | 777 | |||||||||
50 | 766 | |||||||||
51 | 763 | |||||||||
52 | 767 | |||||||||
53 | 756 | |||||||||
54 | 775 | |||||||||
55 | 756 | |||||||||
56 | 729 | |||||||||
57 | 745 | |||||||||
58 | 799 | |||||||||
59 | 767 | |||||||||
60 | 755 | |||||||||
61 | 788 | |||||||||
62 | 788 | |||||||||
63 | 781 | |||||||||
64 | 779 | |||||||||
65 | 800 | |||||||||
66 | 737 | |||||||||
67 | 784 | |||||||||
68 | 778 | |||||||||
69 | 799 | |||||||||
70 | 756 | |||||||||
71 | 804 | |||||||||
72 | 770 | |||||||||
73 | 778 | |||||||||
74 | 727 | |||||||||
75 | 792 | |||||||||
76 | 784 | |||||||||
77 | 776 | |||||||||
78 | 796 | |||||||||
79 | 789 | |||||||||
80 | 804 | |||||||||
81 | 772 | |||||||||
82 | 795 | |||||||||
83 | 797 | |||||||||
84 | 776 | |||||||||
85 | 761 | |||||||||
86 | 732 | |||||||||
87 | 769 | |||||||||
88 | 764 | |||||||||
89 | 769 | |||||||||
90 | 778 | |||||||||
91 | 790 | |||||||||
92 | 809 | |||||||||
93 | 782 | |||||||||
94 | 782 | |||||||||
95 | 776 | |||||||||
96 | 778 | |||||||||
97 | 765 | |||||||||
98 | 786 | |||||||||
99 | 774 | |||||||||
100 | 797 | |||||||||
101 | 798 | |||||||||
102 | 796 | |||||||||
103 | 713 | |||||||||
104 | 745 | |||||||||
105 | 701 | |||||||||
106 | 774 | |||||||||
107 | 785 | |||||||||
108 | 799 | |||||||||
109 | 783 | |||||||||
110 | 764 | |||||||||
111 | 782 | |||||||||
112 | 785 | |||||||||
113 | 754 | |||||||||
114 | 747 | |||||||||
115 | 784 | |||||||||
116 | 744 | |||||||||
117 | 755 | |||||||||
118 | 733 | |||||||||
119 | 799 | |||||||||
120 | 782 | |||||||||
121 | 771 | |||||||||
122 | 784 | |||||||||
123 | 793 | |||||||||
124 | 794 | |||||||||
125 | 771 | |||||||||
126 | 729 | |||||||||
127 | 803 | |||||||||
128 | 760 | |||||||||
129 | 794 | |||||||||
130 | 785 | |||||||||
131 | 791 | |||||||||
132 | 728 | |||||||||
133 | 727 | |||||||||
134 | 775 | |||||||||
135 | 820 | |||||||||
136 | 783 | |||||||||
137 | 770 | |||||||||
138 | 700 | |||||||||
139 | 756 | |||||||||
140 | 760 | |||||||||
141 | 787 | |||||||||
142 | 766 | |||||||||
143 | 774 | |||||||||
144 | 749 | |||||||||
145 | 780 | |||||||||
146 | 707 | |||||||||
147 | 787 | |||||||||
148 | 799 | |||||||||
149 | 786 | |||||||||
150 | 789 | |||||||||
151 | 735 | |||||||||
152 | 785 | |||||||||
153 | 722 | |||||||||
154 | 723 | |||||||||
155 | 801 | |||||||||
156 | 761 | |||||||||
157 | 774 | |||||||||
158 | 732 | |||||||||
159 | 706 | |||||||||
160 | 770 | |||||||||
161 | 796 | |||||||||
162 | 793 | |||||||||
163 | 731 | |||||||||
164 | 760 | |||||||||
165 | 744 | |||||||||
166 | 812 | |||||||||
167 | 757 | |||||||||
168 | 786 | |||||||||
169 | 748 | |||||||||
170 | 706 | |||||||||
171 | 779 | |||||||||
172 | 751 | |||||||||
173 | 789 | |||||||||
174 | 766 | |||||||||
175 | 785 | |||||||||
176 | 718 | |||||||||
177 | 785 | |||||||||
178 | 781 | |||||||||
179 | 717 | |||||||||
180 | 789 | 793 | ||||||||
181 | 789 | |||||||||
182 | 795 | |||||||||
183 | 803 | |||||||||
184 | 800 | |||||||||
185 | 741 | |||||||||
186 | 762 | |||||||||
187 | 741 | |||||||||
188 | 774 | |||||||||
189 | 788 | |||||||||
190 | 715 | |||||||||
191 | 766 | |||||||||
192 | 799 | |||||||||
193 | 802 | |||||||||
194 | 788 | |||||||||
195 | 714 | |||||||||
196 | 788 | |||||||||
197 | 742 | |||||||||
198 | 718 | |||||||||
199 | 751 | |||||||||
200 | 773 | |||||||||
201 | 807 | |||||||||
202 | 792 | |||||||||
203 | 779 | |||||||||
204 | 751 | |||||||||
205 | 718 | |||||||||
206 | 766 | |||||||||
207 | 763 | |||||||||
208 | 785 | |||||||||
209 | 782 | |||||||||
210 | 783 | |||||||||
211 | 772 | |||||||||
212 | 803 | |||||||||
213 | 776 | |||||||||
214 | 770 | |||||||||
215 | 796 | |||||||||
216 | 764 | |||||||||
217 | 788 | |||||||||
218 | 790 | |||||||||
219 | 794 | |||||||||
220 | 799 | |||||||||
221 | 773 | |||||||||
222 | 809 | 785 | ||||||||
223 | 794 | |||||||||
224 | 779 | |||||||||
225 | 756 | |||||||||
226 | 798 | |||||||||
227 | 802 | |||||||||
228 | 779 | |||||||||
229 | 807 | |||||||||
230 | 797 | |||||||||
231 | 724 | |||||||||
232 | 799 | |||||||||
233 | 730 | |||||||||
234 | 790 | |||||||||
235 | 760 | |||||||||
236 | 784 | |||||||||
237 | 743 | |||||||||
238 | 778 | |||||||||
239 | 746 | |||||||||
240 | 763 | |||||||||
241 | 775 | |||||||||
242 | 798 | |||||||||
243 | 764 | |||||||||
244 | 793 | |||||||||
245 | 760 | |||||||||
246 | 776 | |||||||||
247 | 753 | |||||||||
248 | 789 | |||||||||
249 | 753 | |||||||||
250 | 787 | |||||||||
251 | 726 | |||||||||
252 | 702 | |||||||||
253 | 805 | |||||||||
254 | 703 | |||||||||
255 | 805 | |||||||||
256 | 728 | |||||||||
257 | 776 | |||||||||
258 | 782 | |||||||||
259 | 778 | |||||||||
260 | 775 | |||||||||
261 | 804 | |||||||||
262 | 778 | |||||||||
263 | 726 | |||||||||
264 | 782 | |||||||||
265 | 718 | |||||||||
266 | 790 | |||||||||
267 | 758 | |||||||||
268 | 715 | |||||||||
269 | 800 | |||||||||
270 | 772 | |||||||||
271 | 820 | |||||||||
272 | 789 | |||||||||
273 | 788 | |||||||||
274 | 745 | |||||||||
275 | 758 | |||||||||
276 | 722 | |||||||||
277 | 741 | |||||||||
278 | 764 | |||||||||
279 | 799 | |||||||||
280 | 720 | |||||||||
281 | 747 | |||||||||
282 | 777 | |||||||||
283 | 774 | |||||||||
284 | 805 | 789 | ||||||||
285 | 791 | |||||||||
286 | 752 | |||||||||
287 | 766 | 809 | ||||||||
288 | 797 | |||||||||
289 | 788 | 768 | ||||||||
290 | 724 | 739 | ||||||||
291 | 801 | 791 | ||||||||
292 | 722 | 713 | ||||||||
293 | 790 | 790 | ||||||||
294 | 787 | 729 | ||||||||
295 | 782 | 796 | ||||||||
296 | 783 | 747 | ||||||||
297 | 791 | 797 | ||||||||
298 | 789 | 802 | ||||||||
299 | 744 | 733 | ||||||||
300 | 791 | 804 | ||||||||
301 | 795 | 796 | ||||||||
302 | 822 | |||||||||
303 | 773 | 777 | ||||||||
304 | 791 | 805 | ||||||||
305 | 769 | 748 | ||||||||
306 | 790 | |||||||||
307 | 702 | 706 | ||||||||
308 | 749 | 814 | ||||||||
309 | 762 | |||||||||
310 | 771 | 747 | ||||||||
311 | 773 | |||||||||
312 | 737 | |||||||||
313 | 782 | |||||||||
314 | 795 | |||||||||
315 | 762 | 777 | ||||||||
316 | 793 | 775 | ||||||||
317 | 743 | |||||||||
318 | 711 | 723 | ||||||||
319 | 791 | 767 | ||||||||
320 | 799 | |||||||||
321 | 724 | 721 | ||||||||
322 | 784 | |||||||||
323 | 762 | |||||||||
324 | 704 | |||||||||
325 | 803 | 724 | ||||||||
326 | 732 | |||||||||
327 | 805 | |||||||||
328 | 756 | |||||||||
329 | 742 | |||||||||
330 | 772 | |||||||||
331 | 788 | |||||||||
332 | 794 | |||||||||
333 | 775 | |||||||||
334 | 745 | |||||||||
335 | 810 | |||||||||
336 | 784 | |||||||||
337 | 783 | |||||||||
338 | 780 | |||||||||
339 | 782 | |||||||||
340 | 760 | |||||||||
341 | 774 | |||||||||
342 | 803 | |||||||||
343 | 773 | |||||||||
344 | 797 | |||||||||
345 | 795 | |||||||||
346 | 758 | |||||||||
347 | 777 | |||||||||
348 | 747 | |||||||||
349 | 781 | |||||||||
350 | 729 | |||||||||
351 | 749 | |||||||||
352 | 792 | |||||||||
353 | 783 | |||||||||
354 | 813 | |||||||||
355 | 800 | |||||||||
356 | 797 | |||||||||
357 | 722 | |||||||||
358 | 773 | |||||||||
359 | 746 | |||||||||
360 | 807 | |||||||||
361 | 783 | |||||||||
362 | 793 | |||||||||
363 | 776 | |||||||||
364 | 786 | |||||||||
365 | 753 | |||||||||
366 | 781 | |||||||||
367 | 723 | |||||||||
368 | 797 | |||||||||
369 | 781 | |||||||||
370 | 776 | |||||||||
371 | 796 | |||||||||
372 | 776 | |||||||||
373 | 730 | |||||||||
374 | 776 | |||||||||
375 | 720 | |||||||||
376 | 722 | |||||||||
377 | 733 | |||||||||
378 | 774 | |||||||||
379 | 727 | |||||||||
380 | 784 | |||||||||
381 | 769 | |||||||||
382 | 760 | |||||||||
383 | 782 | |||||||||
384 | 800 | |||||||||
385 | 788 | |||||||||
386 | 793 | |||||||||
387 | 738 | |||||||||
388 | 801 | |||||||||
389 | 739 | |||||||||
390 | 727 |
91 | 92 | 93 | 94 | 95 | 96 | 97 | 98 | 99 | 100 | |
VantageScore:
Co- Borrower |
Most
Recent VantageScore Method |
VantageScore Date | Credit
Report: Longest Trade Line |
Credit
Report: Maximum Trade Line |
Credit
Report: Number of Trade Lines |
Credit
Line Usage Ratio |
Most
Recent 12- month Pay History |
Months Bankruptcy | Months Foreclosure | |
1 | 000000000000 | |||||||||
2 | 000000000000 | |||||||||
3 | 000000000000 | |||||||||
4 | 000000000000 | |||||||||
5 | 000000000000 | |||||||||
6 | 000000000000 | |||||||||
7 | 000000000000 | |||||||||
8 | 000000000000 | |||||||||
9 | 000000000000 | |||||||||
10 | 000000000000 | |||||||||
11 | 000000000000 | |||||||||
12 | 000000000000 | |||||||||
13 | 000000000000 | |||||||||
14 | 000000000000 | |||||||||
15 | 000000000000 | |||||||||
16 | 000000000000 | |||||||||
17 | 000000000000 | |||||||||
18 | 000000000000 | |||||||||
19 | 000000000000 | |||||||||
20 | 000000000000 | |||||||||
21 | 000000000000 | |||||||||
22 | 000000000000 | |||||||||
23 | 000000000000 | |||||||||
24 | 000000000000 | |||||||||
25 | 000000000000 | |||||||||
26 | 000000000000 | |||||||||
27 | 000000000000 | |||||||||
28 | 000000000000 | |||||||||
29 | 000000000000 | |||||||||
30 | 000000000000 | |||||||||
31 | 000000000000 | |||||||||
32 | 000000000000 | |||||||||
33 | 000000000000 | |||||||||
34 | 000000000000 | |||||||||
35 | 000000000000 | |||||||||
36 | 000000000000 | |||||||||
37 | 000000000000 | |||||||||
38 | 000000000000 | |||||||||
39 | 000000000000 | |||||||||
40 | 000000000000 | |||||||||
41 | 000000000000 | |||||||||
42 | 000000000000 | |||||||||
43 | 000000000000 | |||||||||
44 | 000000000000 | |||||||||
45 | 000000000000 | |||||||||
46 | 000000000000 | |||||||||
47 | 000000000000 | |||||||||
48 | 000000000000 | |||||||||
49 | 000000000000 | |||||||||
50 | 000000000000 | |||||||||
51 | 000000000000 | |||||||||
52 | 000000000000 | |||||||||
53 | 000000000000 | |||||||||
54 | 000000000000 | |||||||||
55 | 000000000000 | |||||||||
56 | 000000000000 | |||||||||
57 | 000000000000 | |||||||||
58 | 000000000000 | |||||||||
59 | 000000000000 | |||||||||
60 | 000000000000 | |||||||||
61 | 000000000000 | |||||||||
62 | 000000000000 | |||||||||
63 | 000000000000 | |||||||||
64 | 000000000000 | |||||||||
65 | 000000000000 | |||||||||
66 | 000000000000 | |||||||||
67 | 000000000000 | |||||||||
68 | 000000000000 | |||||||||
69 | 000000000000 | |||||||||
70 | 000000000000 | |||||||||
71 | 000000000000 | |||||||||
72 | 000000000000 | |||||||||
73 | 000000000000 | |||||||||
74 | 000000000000 | |||||||||
75 | 000000000000 | |||||||||
76 | 000000000000 | |||||||||
77 | 000000000000 | |||||||||
78 | 000000000000 | |||||||||
79 | 000000000000 | |||||||||
80 | 000000000000 | |||||||||
81 | 000000000000 | |||||||||
82 | 000000000000 | |||||||||
83 | 000000000000 | |||||||||
84 | 000000000000 | |||||||||
85 | 000000000000 | |||||||||
86 | 000000000000 | |||||||||
87 | 000000000000 | |||||||||
88 | 000000000000 | |||||||||
89 | 000000000000 | |||||||||
90 | 000000000000 | |||||||||
91 | 000000000000 | |||||||||
92 | 000000000000 | |||||||||
93 | 000000000000 | |||||||||
94 | 000000000000 | |||||||||
95 | 000000000000 | |||||||||
96 | 000000000000 | |||||||||
97 | 000000000000 | |||||||||
98 | 000000000000 | |||||||||
99 | 000000000000 | |||||||||
100 | 000000000000 | |||||||||
101 | 000000000000 | |||||||||
102 | 000000000000 | |||||||||
103 | 000000000000 | |||||||||
104 | 000000000000 | |||||||||
105 | 000000000000 | |||||||||
106 | 000000000000 | |||||||||
107 | 000000000000 | |||||||||
108 | 000000000000 | |||||||||
109 | 000000000000 | |||||||||
110 | 000000000000 | |||||||||
111 | 000000000000 | |||||||||
112 | 000000000000 | |||||||||
113 | 000000000000 | |||||||||
114 | 000000000000 | |||||||||
115 | 000000000000 | |||||||||
116 | 000000000000 | |||||||||
117 | 000000000000 | |||||||||
118 | 000000000000 | |||||||||
119 | 000000000000 | |||||||||
120 | 000000000000 | |||||||||
121 | 000000000000 | |||||||||
122 | 000000000000 | |||||||||
123 | 000000000000 | |||||||||
124 | 000000000000 | |||||||||
125 | 000000000000 | |||||||||
126 | 000000000000 | |||||||||
127 | 000000000000 | |||||||||
128 | 000000000000 | |||||||||
129 | 000000000000 | |||||||||
130 | 000000000000 | |||||||||
131 | 000000000000 | |||||||||
132 | 000000000000 | |||||||||
133 | 000000000000 | |||||||||
134 | 000000000000 | |||||||||
135 | 000000000000 | |||||||||
136 | 000000000000 | |||||||||
137 | 000000000000 | |||||||||
138 | 000000000000 | |||||||||
139 | 000000000000 | |||||||||
140 | 000000000000 | |||||||||
141 | 000000000000 | |||||||||
142 | 000000000000 | |||||||||
143 | 000000000000 | |||||||||
144 | 000000000000 | |||||||||
145 | 000000000000 | |||||||||
146 | 000000000000 | |||||||||
147 | 000000000000 | |||||||||
148 | 000000000000 | |||||||||
149 | 000000000000 | |||||||||
150 | 000000000000 | |||||||||
151 | 000000000000 | |||||||||
152 | 000000000000 | |||||||||
153 | 000000000000 | |||||||||
154 | 000000000000 | |||||||||
155 | 000000000000 | |||||||||
156 | 000000000000 | |||||||||
157 | 000000000000 | |||||||||
158 | 000000000000 | |||||||||
159 | 000000000000 | |||||||||
160 | 000000000000 | |||||||||
161 | 000000000000 | |||||||||
162 | 000000000000 | |||||||||
163 | 000000000000 | |||||||||
164 | 000000000000 | |||||||||
165 | 000000000000 | |||||||||
166 | 000000000000 | |||||||||
167 | 000000000000 | |||||||||
168 | 000000000000 | |||||||||
169 | 000000000000 | |||||||||
170 | 000000000000 | |||||||||
171 | 000000000000 | |||||||||
172 | 000000000000 | |||||||||
173 | 000000000000 | |||||||||
174 | 000000000000 | |||||||||
175 | 000000000000 | |||||||||
176 | 000000000000 | |||||||||
177 | 000000000000 | |||||||||
178 | 000000000000 | |||||||||
179 | 000000000000 | |||||||||
180 | 000000000000 | |||||||||
181 | 000000000000 | |||||||||
182 | 000000000000 | |||||||||
183 | 000000000000 | |||||||||
184 | 000000000000 | |||||||||
185 | 000000000000 | |||||||||
186 | 000000000000 | |||||||||
187 | 000000000000 | |||||||||
188 | 000000000000 | |||||||||
189 | 000000000000 | |||||||||
190 | 000000000000 | |||||||||
191 | 000000000000 | |||||||||
192 | 000000000000 | |||||||||
193 | 000000000000 | |||||||||
194 | 000000000000 | |||||||||
195 | 000000000000 | |||||||||
196 | 000000000000 | |||||||||
197 | 000000000000 | |||||||||
198 | 000000000000 | |||||||||
199 | 000000000000 | |||||||||
200 | 000000000000 | |||||||||
201 | 000000000000 | |||||||||
202 | 000000000000 | |||||||||
203 | 000000000000 | |||||||||
204 | 000000000000 | |||||||||
205 | 000000000000 | |||||||||
206 | 000000000000 | |||||||||
207 | 000000000000 | |||||||||
208 | 000000000000 | |||||||||
209 | 000000000000 | |||||||||
210 | 000000000000 | |||||||||
211 | 000000000000 | |||||||||
212 | 000000000000 | |||||||||
213 | 000000000000 | |||||||||
214 | 000000000000 | |||||||||
215 | 000000000000 | |||||||||
216 | 000000000000 | |||||||||
217 | 000000000000 | |||||||||
218 | 000000000000 | |||||||||
219 | 000000000000 | |||||||||
220 | 000000000000 | |||||||||
221 | 000000000000 | |||||||||
222 | 000000000000 | |||||||||
223 | 000000000000 | |||||||||
224 | 000000000000 | |||||||||
225 | 000000000000 | |||||||||
226 | 000000000000 | |||||||||
227 | 000000000000 | |||||||||
228 | 000000000000 | |||||||||
229 | 000000000000 | |||||||||
230 | 000000000000 | |||||||||
231 | 000000000000 | |||||||||
232 | 000000000000 | |||||||||
233 | 000000000000 | |||||||||
234 | 000000000000 | |||||||||
235 | 000000000000 | |||||||||
236 | 000000000000 | |||||||||
237 | 000000000000 | |||||||||
238 | 000000000000 | |||||||||
239 | 000000000000 | |||||||||
240 | 000000000000 | |||||||||
241 | 000000000000 | |||||||||
242 | 000000000000 | |||||||||
243 | 000000000000 | |||||||||
244 | 000000000000 | |||||||||
245 | 000000000000 | |||||||||
246 | 000000000000 | |||||||||
247 | 000000000000 | |||||||||
248 | 000000000000 | |||||||||
249 | 000000000000 | |||||||||
250 | 000000000000 | |||||||||
251 | 000000000000 | |||||||||
252 | 000000000000 | |||||||||
253 | 000000000000 | |||||||||
254 | 000000000000 | |||||||||
255 | 000000000000 | |||||||||
256 | 000000000000 | |||||||||
257 | 000000000000 | |||||||||
258 | 000000000000 | |||||||||
259 | 000000000000 | |||||||||
260 | 000000000000 | |||||||||
261 | 000000000000 | |||||||||
262 | 000000000000 | |||||||||
263 | 000000000000 | |||||||||
264 | 000000000000 | |||||||||
265 | 000000000000 | |||||||||
266 | 000000000000 | |||||||||
267 | 000000000000 | |||||||||
268 | 000000000000 | |||||||||
269 | 000000000000 | |||||||||
270 | 000000000000 | |||||||||
271 | 000000000000 | |||||||||
272 | 000000000000 | |||||||||
273 | 000000000000 | |||||||||
274 | 000000000000 | |||||||||
275 | 000000000000 | |||||||||
276 | 000000000000 | |||||||||
277 | 000000000000 | |||||||||
278 | 000000000000 | |||||||||
279 | 000000000000 | |||||||||
280 | 000000000000 | |||||||||
281 | 000000000000 | |||||||||
282 | 000000000000 | |||||||||
283 | 000000000000 | |||||||||
284 | 000000000000 | |||||||||
285 | 000000000000 | |||||||||
286 | 000000000000 | |||||||||
287 | 000000000000 | |||||||||
288 | 000000000000 | |||||||||
289 | 000000000000 | |||||||||
290 | 000000000000 | |||||||||
291 | 000000000000 | |||||||||
292 | 000000000000 | |||||||||
293 | 000000000000 | |||||||||
294 | 000000000000 | |||||||||
295 | 000000000000 | |||||||||
296 | 000000000000 | |||||||||
297 | 000000000000 | |||||||||
298 | 000000000000 | |||||||||
299 | 000000000000 | |||||||||
300 | 000000000000 | |||||||||
301 | 000000000000 | |||||||||
302 | 000000000000 | |||||||||
303 | 000000000000 | |||||||||
304 | 000000000000 | |||||||||
305 | 000000000000 | |||||||||
306 | 000000000000 | |||||||||
307 | 000000000000 | |||||||||
308 | 000000000000 | |||||||||
309 | 000000000000 | |||||||||
310 | 000000000000 | |||||||||
311 | 000000000000 | |||||||||
312 | 000000000000 | |||||||||
313 | 000000000000 | |||||||||
314 | 000000000000 | |||||||||
315 | 000000000000 | |||||||||
316 | 000000000000 | |||||||||
317 | 000000000000 | |||||||||
318 | 000000000000 | |||||||||
319 | 000000000000 | |||||||||
320 | 000000000000 | |||||||||
321 | 000000000000 | |||||||||
322 | 000000000000 | |||||||||
323 | 000000000000 | |||||||||
324 | 000000000000 | |||||||||
325 | 000000000000 | |||||||||
326 | 000000000000 | |||||||||
327 | 000000000000 | |||||||||
328 | 000000000000 | |||||||||
329 | 000000000000 | |||||||||
330 | 000000000000 | |||||||||
331 | 000000000000 | |||||||||
332 | 000000000000 | |||||||||
333 | 000000000000 | |||||||||
334 | 000000000000 | |||||||||
335 | 000000000000 | |||||||||
336 | 000000000000 | |||||||||
337 | 000000000000 | |||||||||
338 | 000000000000 | |||||||||
339 | 000000000000 | |||||||||
340 | 000000000000 | |||||||||
341 | 000000000000 | |||||||||
342 | 000000000000 | |||||||||
343 | 000000000000 | |||||||||
344 | 000000000000 | |||||||||
345 | 000000000000 | |||||||||
346 | 000000000000 | |||||||||
347 | 000000000000 | |||||||||
348 | 000000000000 | |||||||||
349 | 000000000000 | |||||||||
350 | 000000000000 | |||||||||
351 | 000000000000 | |||||||||
352 | 000000000000 | |||||||||
353 | 000000000000 | |||||||||
354 | 000000000000 | |||||||||
355 | 000000000000 | |||||||||
356 | 000000000000 | |||||||||
357 | 000000000000 | |||||||||
358 | 000000000000 | |||||||||
359 | 000000000000 | |||||||||
360 | 000000000000 | |||||||||
361 | 000000000000 | |||||||||
362 | 000000000000 | |||||||||
363 | 000000000000 | |||||||||
364 | 000000000000 | |||||||||
365 | 000000000000 | |||||||||
366 | 000000000000 | |||||||||
367 | 000000000000 | |||||||||
368 | 000000000000 | |||||||||
369 | 000000000000 | |||||||||
370 | 000000000000 | |||||||||
371 | 000000000000 | |||||||||
372 | 000000000000 | |||||||||
373 | 000000000000 | |||||||||
374 | 000000000000 | |||||||||
375 | 000000000000 | |||||||||
376 | 000000000000 | |||||||||
377 | 000000000000 | |||||||||
378 | 000000000000 | |||||||||
379 | 000000000000 | |||||||||
380 | 000000000000 | |||||||||
381 | 000000000000 | |||||||||
382 | 000000000000 | |||||||||
383 | 000000000000 | |||||||||
384 | 000000000000 | |||||||||
385 | 000000000000 | |||||||||
386 | 000000000000 | |||||||||
387 | 000000000000 | |||||||||
388 | 000000000000 | |||||||||
389 | 000000000000 | |||||||||
390 | 000000000000 |
101 | 102 | 103 | 104 | 105 | 106 | 107 | 108 | 109 | 110 | |
Primary
Borrower Wage Income |
Co-Borrower
Wage Income |
Primary
Borrower Other Income |
Co-Borrower
Other Income |
All
Borrower Wage Income |
All
Borrower Total Income |
4506-T Indicator | Borrower
Income Verification Level |
Co-Borrower Income Verification |
Borrower Employment Verification | |
1 | 21341.00 | 4978.00 | 0.00 | 0.00 | 26319.00 | 26319.00 | 1 | 5 | 3 | |
2 | 20822.54 | 19910.00 | 0.00 | 0.00 | 40732.54 | 40732.54 | 1 | 4 | 3 | |
3 | 7466.67 | 0.00 | 0.00 | 1927.17 | 7466.67 | 9393.84 | 1 | 5 | 3 | |
4 | 127601.54 | 0.00 | 127601.54 | 127601.54 | 1 | 5 | 3 | |||
5 | 18762.89 | 0.00 | 0.00 | 0.00 | 18762.89 | 18762.89 | 1 | 5 | 3 | |
6 | 12167.00 | 0.00 | 11994.00 | 0.00 | 12167.00 | 24161.00 | 1 | 5 | 3 | |
7 | 0.00 | 17244.18 | 0.00 | 17244.18 | 1 | 5 | 3 | |||
8 | 10883.00 | 5859.00 | 0.00 | 2639.31 | 16742.00 | 19381.31 | 1 | 5 | 3 | |
9 | 35410.20 | 0.00 | 35410.20 | 35410.20 | 1 | 5 | 3 | |||
10 | 22220.65 | 0.00 | 22220.65 | 22220.65 | 1 | 5 | 3 | |||
11 | 18056.00 | 3855.00 | 0.00 | 1200.00 | 21911.00 | 23111.00 | 1 | 5 | 3 | |
12 | 25323.75 | 0.00 | 0.00 | 0.00 | 25323.75 | 25323.75 | 1 | 5 | 3 | |
13 | 14987.27 | 14318.00 | 0.00 | 0.00 | 29305.27 | 29305.27 | 1 | 5 | 3 | |
14 | 17148.00 | 12981.00 | 0.00 | 0.00 | 30129.00 | 30129.00 | 1 | 5 | 3 | |
15 | 24166.00 | 16061.00 | 24166.00 | 40227.00 | 1 | 5 | 3 | |||
16 | 19301.06 | 0.00 | 19301.06 | 19301.06 | 1 | 5 | 3 | |||
17 | 10999.00 | -515.00 | 0.00 | 0.00 | 10484.00 | 10484.00 | 1 | 5 | 3 | |
18 | 0.00 | 12310.83 | 0.00 | 4418.21 | 12310.83 | 16729.04 | 1 | 5 | 3 | |
19 | 10123.42 | 4000.00 | 0.00 | 0.00 | 14123.42 | 14123.42 | 1 | 5 | 3 | |
20 | 55440.87 | 0.00 | 0.00 | 0.00 | 55440.87 | 55440.87 | 1 | 5 | 3 | |
21 | 6051.00 | 719.00 | 10474.00 | 0.00 | 6770.00 | 17244.00 | 1 | 5 | 3 | |
22 | 29167.00 | 0.00 | -254.00 | 0.00 | 29167.00 | 28913.00 | 1 | 5 | 3 | |
23 | 20026.35 | 0.00 | 0.00 | 0.00 | 20026.35 | 20026.35 | 1 | 5 | 3 | |
24 | 12931.00 | 12908.00 | -22.00 | 0.00 | 25839.00 | 25817.00 | 1 | 5 | 3 | |
25 | 101192.00 | 0.00 | -1985.00 | 0.00 | 101192.00 | 99207.00 | 1 | 4 | 3 | |
26 | 1925.00 | 0.00 | 18654.00 | 0.00 | 1925.00 | 20579.00 | 1 | 5 | 3 | |
27 | 13333.00 | 0.00 | 0.00 | 0.00 | 13333.00 | 13333.00 | 1 | 5 | 3 | |
28 | 15417.00 | 0.00 | 0.00 | 0.00 | 15417.00 | 15417.00 | 1 | 5 | 3 | |
29 | 34549.00 | 0.00 | 0.00 | 0.00 | 34549.00 | 34549.00 | 1 | 5 | 3 | |
30 | 54858.00 | 0.00 | 0.00 | 0.00 | 54858.00 | 54858.00 | 1 | 5 | 3 | |
31 | 10150.00 | 1696.50 | 10150.00 | 11846.50 | 1 | 5 | 3 | |||
32 | 20824.72 | 0.00 | 20824.72 | 20824.72 | 1 | 4 | 3 | |||
33 | 16840.00 | 0.00 | 0.00 | 0.00 | 16840.00 | 16840.00 | 1 | 5 | 3 | |
34 | 15083.00 | 4833.00 | 0.00 | 0.00 | 19916.00 | 19916.00 | 1 | 5 | 3 | |
35 | 27028.50 | 0.00 | 0.00 | 0.00 | 27028.50 | 27028.50 | 1 | 5 | 3 | |
36 | 12089.29 | 10416.66 | 0.00 | 0.00 | 22505.95 | 22505.95 | 1 | 5 | 3 | |
37 | 14583.33 | 0.00 | 10934.00 | 0.00 | 14583.33 | 25517.33 | 1 | 5 | 3 | |
38 | 12459.50 | 1610.00 | 0.00 | 0.00 | 14069.50 | 14069.50 | 1 | 5 | 3 | |
39 | 13780.00 | 6895.00 | 0.00 | 0.00 | 20675.00 | 20675.00 | 1 | 5 | 3 | |
40 | 12932.21 | 14333.35 | 4063.68 | 0.00 | 27265.56 | 31329.24 | 1 | 5 | 3 | |
41 | 14166.95 | 8550.93 | 0.00 | 0.00 | 22717.88 | 22717.88 | 1 | 5 | 3 | |
42 | 22711.00 | 0.00 | 0.00 | 0.00 | 22711.00 | 22711.00 | 1 | 5 | 3 | |
43 | 28297.83 | 0.00 | 0.00 | 0.00 | 28297.83 | 28297.83 | 1 | 5 | 3 | |
44 | 19406.22 | 0.00 | 19406.22 | 19406.22 | 1 | 5 | 3 | |||
45 | 20833.37 | 0.00 | 0.00 | 0.00 | 20833.37 | 20833.37 | 1 | 5 | 3 | |
46 | 9257.13 | 9257.12 | 0.00 | 0.00 | 18514.25 | 18514.25 | 1 | 5 | 3 | |
47 | 9878.92 | 0.00 | 9878.92 | 9878.92 | 1 | 5 | 3 | |||
48 | 6875.00 | 16138.84 | 6875.00 | 23013.84 | 1 | 5 | 3 | |||
49 | 3797.08 | 9182.78 | 0.00 | 0.00 | 12979.86 | 12979.86 | 1 | 5 | 3 | |
50 | 27511.12 | 0.00 | 27511.12 | 27511.12 | 1 | 5 | 3 | |||
51 | 24070.37 | 0.00 | 24070.37 | 24070.37 | 1 | 5 | 3 | |||
52 | 14583.00 | 0.00 | 14583.00 | 0.00 | 14583.00 | 29166.00 | 1 | 5 | 3 | |
53 | 22441.62 | 14166.68 | 0.00 | 0.00 | 36608.30 | 36608.30 | 1 | 5 | 3 | |
54 | 36376.40 | 0.00 | 36376.40 | 36376.40 | 1 | 4 | 3 | |||
55 | 14000.00 | 0.00 | 14000.00 | 14000.00 | 1 | 4 | 3 | |||
56 | 16375.09 | 0.00 | 17760.33 | 0.00 | 16375.09 | 34135.42 | 1 | 4 | 3 | |
57 | 42572.92 | 0.00 | 0.00 | 0.00 | 42572.92 | 42572.92 | 1 | 5 | 3 | |
58 | 15227.67 | 0.00 | 15227.67 | 15227.67 | 1 | 5 | 3 | |||
59 | 1712.70 | 0.00 | 25205.09 | 9375.00 | 1712.70 | 36292.79 | 1 | 5 | 3 | |
60 | 32901.00 | 0.00 | 32901.00 | 32901.00 | 1 | 5 | 3 | |||
61 | 23833.34 | 0.00 | 23833.34 | 23833.34 | 1 | 5 | 3 | |||
62 | 0.00 | 26599.78 | 0.00 | 14635.98 | 26599.78 | 41235.76 | 1 | 5 | 3 | |
63 | 17292.83 | 4931.00 | 0.00 | 0.00 | 22223.83 | 22223.83 | 1 | 5 | 3 | |
64 | 12078.75 | 0.00 | 0.00 | 0.00 | 12078.75 | 12078.75 | 1 | 5 | 3 | |
65 | 13833.34 | 10100.00 | 0.00 | 0.00 | 23933.34 | 23933.34 | 1 | 5 | 3 | |
66 | 40875.91 | 0.00 | 40875.91 | 40875.91 | 1 | 4 | 3 | |||
67 | 18667.00 | 11112.00 | 0.00 | 0.00 | 29779.00 | 29779.00 | 1 | 5 | 3 | |
68 | 8333.32 | 15833.35 | 3288.63 | 0.00 | 24166.67 | 27455.30 | 1 | 5 | 3 | |
69 | 19483.50 | 0.00 | 0.00 | 0.00 | 19483.50 | 19483.50 | 1 | 5 | 3 | |
70 | 14825.00 | 3335.42 | 0.00 | 0.00 | 18160.42 | 18160.42 | 1 | 5 | 3 | |
71 | 31413.33 | 0.00 | 31413.33 | 31413.33 | 1 | 5 | 3 | |||
72 | 32635.88 | 0.00 | 0.00 | 0.00 | 32635.88 | 32635.88 | 1 | 5 | 3 | |
73 | 39861.92 | 0.00 | 0.00 | 0.00 | 39861.92 | 39861.92 | 1 | 5 | 3 | |
74 | 0.00 | 9207.26 | 0.00 | 9207.26 | 1 | 5 | 3 | |||
75 | 22565.59 | 0.00 | 0.00 | 0.00 | 22565.59 | 22565.59 | 1 | 5 | 3 | |
76 | 38993.06 | 0.00 | 0.00 | 0.00 | 38993.06 | 38993.06 | 1 | 5 | 3 | |
77 | 8916.60 | 15000.00 | 0.00 | 0.00 | 23916.60 | 23916.60 | 1 | 5 | 3 | |
78 | 39583.33 | 0.00 | 0.00 | 0.00 | 39583.33 | 39583.33 | 1 | 5 | 3 | |
79 | 30170.75 | 0.00 | 0.00 | 0.00 | 30170.75 | 30170.75 | 1 | 5 | 3 | |
80 | 14242.99 | 0.00 | 0.00 | 0.00 | 14242.99 | 14242.99 | 1 | 5 | 3 | |
81 | 27083.33 | 0.00 | 25000.00 | 0.00 | 27083.33 | 52083.33 | 1 | 5 | 3 | |
82 | 13374.03 | 6954.16 | 0.00 | 0.00 | 20328.19 | 20328.19 | 1 | 5 | 3 | |
83 | 2072.70 | 1789.70 | 6708.29 | 1583.33 | 3862.40 | 12154.02 | 1 | 5 | 3 | |
84 | 107145.00 | 0.00 | 0.00 | 0.00 | 107145.00 | 107145.00 | 1 | 4 | 3 | |
85 | 8000.05 | 8000.06 | 0.00 | 0.00 | 16000.11 | 16000.11 | 1 | 5 | 3 | |
86 | 14583.00 | 0.00 | 1382.12 | 132.81 | 14583.00 | 16097.93 | 1 | 5 | 3 | |
87 | 9533.28 | 3544.72 | 0.00 | 0.00 | 13078.00 | 13078.00 | 1 | 5 | 3 | |
88 | 9517.84 | 6300.00 | 0.00 | 0.00 | 15817.84 | 15817.84 | 1 | 5 | 3 | |
89 | 2461.00 | 17785.00 | 0.00 | 0.00 | 20246.00 | 20246.00 | 1 | 5 | 3 | |
90 | 36888.76 | 0.00 | 0.00 | 0.00 | 36888.76 | 36888.76 | 1 | 5 | 3 | |
91 | 29078.04 | 0.00 | 29078.04 | 29078.04 | 1 | 5 | 3 | |||
92 | 6157.50 | 2180.16 | 0.00 | 0.00 | 8337.66 | 8337.66 | 1 | 5 | 3 | |
93 | 22083.34 | 18864.56 | 0.00 | 0.00 | 40947.90 | 40947.90 | 1 | 5 | 3 | |
94 | 6406.54 | 30876.61 | 6406.54 | 37283.15 | 1 | 5 | 3 | |||
95 | 41125.04 | 0.00 | 0.00 | 0.00 | 41125.04 | 41125.04 | 1 | 5 | 3 | |
96 | 32526.54 | 0.00 | 0.00 | 0.00 | 32526.54 | 32526.54 | 1 | 5 | 3 | |
97 | 38955.21 | 0.00 | 0.00 | 0.00 | 38955.21 | 38955.21 | 1 | 5 | 3 | |
98 | 14158.00 | 0.00 | 14158.00 | 14158.00 | 1 | 5 | 3 | |||
99 | 45671.89 | 0.00 | 0.00 | 0.00 | 45671.89 | 45671.89 | 1 | 5 | 3 | |
100 | 9501.12 | 0.00 | 15227.23 | 0.00 | 9501.12 | 24728.35 | 1 | 5 | 3 | |
101 | 8744.83 | 0.00 | 0.00 | 6365.40 | 8744.83 | 15110.23 | 1 | 5 | 3 | |
102 | 7830.42 | 0.00 | 7830.42 | 7830.42 | 1 | 5 | 3 | |||
103 | 11578.59 | 2798.72 | 11578.59 | 14377.31 | 1 | 5 | 3 | |||
104 | 13110.01 | 0.00 | 0.00 | 0.00 | 13110.01 | 13110.01 | 1 | 5 | 3 | |
105 | 1414.79 | 1221.00 | 11851.17 | 0.00 | 2635.79 | 14486.96 | 1 | 5 | 3 | |
106 | 19373.00 | 0.00 | 0.00 | 0.00 | 19373.00 | 19373.00 | 1 | 5 | 3 | |
107 | 21634.58 | 0.00 | 0.00 | 0.00 | 21634.58 | 21634.58 | 1 | 5 | 3 | |
108 | 18336.84 | 0.00 | 18336.84 | 18336.84 | 1 | 5 | 3 | |||
109 | 32231.92 | 0.00 | 0.00 | 0.00 | 32231.92 | 32231.92 | 1 | 5 | 3 | |
110 | 17625.00 | 13666.00 | 0.00 | 0.00 | 31291.00 | 31291.00 | 1 | 4 | 3 | |
111 | 23583.34 | 0.00 | 0.00 | 0.00 | 23583.34 | 23583.34 | 1 | 5 | 3 | |
112 | 13833.34 | 0.00 | 12660.94 | 0.00 | 13833.34 | 26494.28 | 1 | 5 | 3 | |
113 | 23357.60 | 0.00 | 0.00 | 0.00 | 23357.60 | 23357.60 | 1 | 4 | 3 | |
114 | 17083.33 | 0.00 | 0.00 | 0.00 | 17083.33 | 17083.33 | 1 | 5 | 3 | |
115 | 13728.00 | 12814.53 | 0.00 | 0.00 | 26542.53 | 26542.53 | 1 | 5 | 3 | |
116 | 10000.00 | 0.00 | 8046.44 | 0.00 | 10000.00 | 18046.44 | 1 | 5 | 3 | |
117 | 8397.05 | 6904.92 | 0.00 | 0.00 | 15301.97 | 15301.97 | 1 | 5 | 3 | |
118 | 7945.04 | 9500.00 | 0.00 | 0.00 | 17445.04 | 17445.04 | 1 | 5 | 3 | |
119 | 12833.33 | 0.00 | 1904.53 | 0.00 | 12833.33 | 14737.86 | 1 | 5 | 3 | |
120 | 28638.00 | 0.00 | 0.00 | 0.00 | 28638.00 | 28638.00 | 1 | 5 | 3 | |
121 | 38143.48 | 0.00 | 0.00 | 0.00 | 38143.48 | 38143.48 | 1 | 5 | 3 | |
122 | 12874.00 | 0.00 | 0.00 | 0.00 | 12874.00 | 12874.00 | 1 | 5 | 3 | |
123 | 59992.29 | 10971.00 | 0.00 | 0.00 | 70963.29 | 70963.29 | 1 | 5 | 3 | |
124 | 9977.09 | 9983.43 | 0.00 | 0.00 | 19960.52 | 19960.52 | 1 | 5 | 3 | |
125 | 10669.01 | 3919.83 | 5353.97 | 0.00 | 14588.84 | 19942.81 | 1 | 5 | 3 | |
126 | 13583.62 | 1645.04 | 9923.09 | 0.00 | 15228.66 | 25151.75 | 1 | 5 | 3 | |
127 | 16508.34 | 0.00 | 0.00 | 0.00 | 16508.34 | 16508.34 | 1 | 5 | 3 | |
128 | 12673.42 | 11249.98 | 0.00 | 0.00 | 23923.40 | 23923.40 | 1 | 5 | 3 | |
129 | 19573.93 | 15964.00 | 0.00 | 0.00 | 35537.93 | 35537.93 | 1 | 5 | 3 | |
130 | 15049.75 | 0.00 | 11128.82 | 0.00 | 15049.75 | 26178.57 | 1 | 5 | 3 | |
131 | 15350.00 | 0.00 | 15350.00 | 15350.00 | 1 | 5 | 3 | |||
132 | 22125.35 | 0.00 | 0.00 | 0.00 | 22125.35 | 22125.35 | 1 | 5 | 3 | |
133 | 8220.00 | 0.00 | 0.00 | 0.00 | 35253.00 | 35253.00 | 1 | 5 | 3 | |
134 | 20833.34 | 0.00 | 0.00 | 0.00 | 20833.34 | 20833.34 | 1 | 5 | 3 | |
135 | 22916.68 | 0.00 | 1168.83 | 0.00 | 22916.68 | 24085.51 | 1 | 5 | 3 | |
136 | 3584.83 | 4929.94 | 0.00 | 5775.00 | 8514.77 | 14289.77 | 1 | 5 | 3 | |
137 | 14583.33 | 24067.00 | 14583.33 | 38650.33 | 1 | 5 | 3 | |||
138 | 322123.83 | 0.00 | 0.00 | 0.00 | 322123.83 | 322123.83 | 1 | 5 | 3 | |
139 | 6690.00 | 10521.33 | 0.00 | 0.00 | 17211.33 | 17211.33 | 1 | 5 | 3 | |
140 | 35244.00 | 0.00 | 35244.00 | 35244.00 | 1 | 5 | 3 | |||
141 | 12916.67 | 0.00 | 16917.99 | 0.00 | 12916.67 | 29834.66 | 1 | 5 | 3 | |
142 | 20255.70 | 0.00 | 20255.70 | 20255.70 | 1 | 4 | 3 | |||
143 | 98320.13 | 0.00 | 0.00 | 0.00 | 98320.13 | 98320.13 | 1 | 5 | 3 | |
144 | 10100.00 | 8545.46 | 0.00 | 0.00 | 18645.46 | 18645.46 | 1 | 5 | 3 | |
145 | 6845.96 | 8430.44 | 0.00 | 0.00 | 15276.40 | 15276.40 | 1 | 5 | 3 | |
146 | 17228.38 | 6853.09 | 17228.38 | 24081.47 | 1 | 5 | 3 | |||
147 | 19950.58 | 9216.77 | 0.00 | 0.00 | 29167.35 | 29167.35 | 1 | 5 | 3 | |
148 | 20833.33 | 0.00 | 20833.33 | 20833.33 | 1 | 5 | 3 | |||
149 | 55152.54 | 0.00 | 55152.54 | 55152.54 | 1 | 4 | 3 | |||
150 | 13547.75 | 0.00 | 13547.75 | 13547.75 | 1 | 5 | 3 | |||
151 | 61933.29 | 0.00 | 61933.29 | 61933.29 | 1 | 5 | 3 | |||
152 | 18821.00 | 14798.33 | 0.00 | 0.00 | 33619.33 | 33619.33 | 1 | 5 | 3 | |
153 | 23307.70 | 0.00 | 23307.70 | 23307.70 | 1 | 5 | 3 | |||
154 | 16666.66 | 0.00 | 21565.00 | 0.00 | 16666.66 | 38231.66 | 1 | 5 | 3 | |
155 | 19866.25 | 0.00 | 0.00 | 0.00 | 19866.25 | 19866.25 | 1 | 5 | 3 | |
156 | 28337.33 | 0.00 | 28337.33 | 28337.33 | 1 | 5 | 3 | |||
157 | 10417.00 | 20173.00 | 0.00 | 0.00 | 30590.00 | 30590.00 | 1 | 5 | 3 | |
158 | 68908.71 | 0.00 | 0.00 | 0.00 | 68908.71 | 68908.71 | 1 | 5 | 3 | |
159 | 33245.60 | 0.00 | 0.00 | 0.00 | 33245.60 | 33245.60 | 1 | 5 | 3 | |
160 | 87320.66 | 0.00 | 0.00 | 0.00 | 87320.66 | 87320.66 | 1 | 5 | 3 | |
161 | 18750.00 | 2067.00 | 0.00 | 0.00 | 20817.00 | 20817.00 | 1 | 5 | 3 | |
162 | 33333.34 | 0.00 | 33333.34 | 33333.34 | 1 | 5 | 3 | |||
163 | 20370.33 | 19351.83 | 0.00 | 0.00 | 39722.16 | 39722.16 | 1 | 5 | 3 | |
164 | 11752.00 | 9189.81 | 9087.33 | 0.00 | 20941.81 | 30029.14 | 1 | 5 | 3 | |
165 | 0.00 | 5417.00 | 14417.00 | 9903.00 | 5417.00 | 29737.00 | 1 | 5 | 3 | |
166 | 16816.00 | 0.00 | 16816.00 | 16816.00 | 1 | 5 | 3 | |||
167 | 14578.86 | 5750.61 | 14578.86 | 20329.47 | 1 | 5 | 3 | |||
168 | 19166.66 | 0.00 | 2114.58 | 0.00 | 19166.66 | 21281.24 | 1 | 5 | 3 | |
169 | 16070.90 | 19479.17 | 16070.90 | 35550.07 | 1 | 5 | 3 | |||
170 | 15368.42 | 0.00 | 15368.42 | 15368.42 | 1 | 5 | 3 | |||
171 | 15910.00 | 0.00 | 0.00 | 0.00 | 15910.00 | 15910.00 | 1 | 5 | 3 | |
172 | 9941.00 | 0.00 | 310.00 | 0.00 | 9941.00 | 10251.00 | 1 | 5 | 3 | |
173 | 9549.83 | 1946.70 | 7416.75 | 0.00 | 11496.53 | 18913.28 | 1 | 5 | 3 | |
174 | 9972.79 | 864.00 | 0.00 | 0.00 | 10836.79 | 10836.79 | 1 | 5 | 3 | |
175 | 15000.00 | 3339.24 | 0.00 | 0.00 | 18339.24 | 18339.24 | 1 | 5 | 3 | |
176 | 14968.00 | 0.00 | 0.00 | 0.00 | 14968.00 | 14968.00 | 1 | 5 | 3 | |
177 | 85070.72 | 0.00 | 85070.72 | 85070.72 | 1 | 5 | 3 | |||
178 | 19639.82 | 3166.66 | 0.00 | 0.00 | 22806.48 | 22806.48 | 1 | 5 | 3 | |
179 | 7240.19 | 35305.52 | 7240.19 | 42545.71 | 1 | 5 | 3 | |||
180 | 41666.68 | 0.00 | -6811.00 | 0.00 | 41666.68 | 34855.68 | 1 | 5 | 3 | |
181 | 22916.00 | 0.00 | 0.00 | 0.00 | 22916.00 | 22916.00 | 1 | 5 | 3 | |
182 | 12053.42 | 0.00 | 0.00 | 0.00 | 12053.42 | 12053.42 | 1 | 5 | 3 | |
183 | 17416.67 | 0.00 | 0.00 | 0.00 | 17416.67 | 17416.67 | 1 | 5 | 3 | |
184 | 19733.00 | 0.00 | 19733.00 | 19733.00 | 1 | 5 | 3 | |||
185 | 19861.00 | 0.00 | 19861.00 | 19861.00 | 1 | 5 | 3 | |||
186 | 10020.00 | 1045.00 | 888.00 | 0.00 | 11065.00 | 11953.00 | 1 | 5 | 3 | |
187 | 28679.99 | 0.00 | 0.00 | 0.00 | 28679.99 | 28679.99 | 1 | 5 | 3 | |
188 | 8310.25 | 349.60 | 0.00 | 0.00 | 8659.85 | 8659.85 | 1 | 5 | 3 | |
189 | 24166.68 | 0.00 | 11231.64 | 0.00 | 24166.68 | 35398.32 | 1 | 5 | 3 | |
190 | 18725.00 | 17848.42 | 0.00 | 0.00 | 36573.42 | 36573.42 | 1 | 5 | 3 | |
191 | 12000.00 | 0.00 | 2159.00 | 700.00 | 12000.00 | 14859.00 | 1 | 5 | 3 | |
192 | 13544.00 | 0.00 | 13544.00 | 13544.00 | 1 | 4 | 3 | |||
193 | 119906.00 | 59621.00 | 119906.00 | 179527.00 | 1 | 5 | 3 | |||
194 | 10210.00 | 12017.00 | 0.00 | 0.00 | 22227.00 | 22227.00 | 1 | 5 | 3 | |
195 | 9166.00 | 9073.00 | 0.00 | 2262.00 | 18239.00 | 20501.00 | 1 | 5 | 3 | |
196 | 6998.00 | 11228.50 | 1516.00 | 0.00 | 18226.50 | 19742.50 | 1 | 5 | 3 | |
197 | 12900.72 | 4036.18 | 0.00 | 0.00 | 16936.90 | 16936.90 | 1 | 5 | 3 | |
198 | 29714.34 | 0.00 | 0.00 | 0.00 | 29714.34 | 29714.34 | 1 | 5 | 3 | |
199 | 16666.67 | 0.00 | 16666.67 | 16666.67 | 1 | 5 | 3 | |||
200 | 10000.00 | 0.00 | 0.00 | 0.00 | 10000.00 | 10000.00 | 1 | 5 | 3 | |
201 | 998.00 | 4880.00 | 0.00 | 7068.00 | 5878.00 | 12946.00 | 1 | 5 | 3 | |
202 | 7897.06 | 13333.34 | 0.00 | 0.00 | 21230.40 | 21230.40 | 1 | 5 | 3 | |
203 | 0.00 | 10792.00 | 0.00 | 5689.00 | 10792.00 | 16481.00 | 1 | 5 | 3 | |
204 | 15216.00 | 2330.00 | 15216.00 | 17546.00 | 1 | 5 | 3 | |||
205 | 13686.61 | 0.00 | 13686.61 | 13686.61 | 1 | 5 | 3 | |||
206 | 5153.00 | 0.00 | 0.00 | 3851.00 | 5153.00 | 9004.00 | 1 | 5 | 3 | |
207 | 17500.00 | 0.00 | 0.00 | 0.00 | 17500.00 | 17500.00 | 1 | 5 | 3 | |
208 | 14583.00 | 2179.00 | 0.00 | 0.00 | 16762.00 | 16762.00 | 1 | 5 | 3 | |
209 | 47718.50 | 0.00 | 0.00 | 0.00 | 47718.50 | 47718.50 | 1 | 5 | 3 | |
210 | 17974.00 | 0.00 | 17974.00 | 17974.00 | 1 | 5 | 3 | |||
211 | 15960.13 | 0.00 | 15960.13 | 15960.13 | 1 | 5 | 3 | |||
212 | 39500.00 | 0.00 | 39500.00 | 39500.00 | 1 | 5 | 3 | |||
213 | 6427.46 | 0.00 | 10660.28 | 0.00 | 6427.46 | 17087.74 | 1 | 5 | 3 | |
214 | 15528.75 | 0.00 | 15528.75 | 15528.75 | 1 | 5 | 3 | |||
215 | 15884.76 | 2744.91 | 0.00 | 0.00 | 18629.67 | 18629.67 | 1 | 5 | 3 | |
216 | 34587.78 | 16033.63 | 0.00 | 0.00 | 50621.41 | 50621.41 | 1 | 5 | 3 | |
217 | 9854.79 | 483.58 | 9854.79 | 10338.37 | 1 | 5 | 3 | |||
218 | 20019.00 | 0.00 | 0.00 | 0.00 | 20019.00 | 20019.00 | 1 | 5 | 3 | |
219 | 21725.31 | 0.00 | 21725.31 | 21725.31 | 1 | 5 | 3 | |||
220 | 21033.00 | 0.00 | 0.00 | 0.00 | 21033.00 | 21033.00 | 1 | 5 | 3 | |
221 | 11870.44 | 4801.00 | 231.00 | 357.74 | 16671.44 | 17260.18 | 1 | 5 | 3 | |
222 | 18251.26 | 2512.00 | 3240.00 | 0.00 | 20763.26 | 24003.26 | 0 | 5 | 3 | |
223 | 36978.00 | 0.00 | 0.00 | 0.00 | 36978.00 | 36978.00 | 0 | 5 | 3 | |
224 | 5980.00 | 0.00 | 0.00 | 3495.00 | 5980.00 | 9475.00 | 0 | 5 | 3 | |
225 | 14583.00 | 13063.00 | 14583.00 | 27646.00 | 0 | 5 | 3 | |||
226 | 15600.00 | 0.00 | 0.00 | 0.00 | 15600.00 | 15600.00 | 1 | 5 | 3 | |
227 | 23023.00 | 0.00 | 0.00 | 0.00 | 23023.00 | 23023.00 | 1 | 5 | 3 | |
228 | 19330.38 | 0.00 | 0.00 | 0.00 | 19330.38 | 19330.38 | 1 | 5 | 3 | |
229 | 13168.30 | 6611.16 | 16609.25 | 0.00 | 19779.46 | 36388.71 | 1 | 5 | 3 | |
230 | 14441.67 | 9166.66 | 0.00 | 0.00 | 23608.33 | 23608.33 | 1 | 5 | 3 | |
231 | 0.00 | 24964.21 | 0.00 | 0.00 | 24964.21 | 24964.21 | 1 | 5 | 3 | |
232 | 0.00 | 12035.00 | 0.00 | 0.00 | 12035.00 | 12035.00 | 1 | 5 | 3 | |
233 | 42467.07 | 0.00 | 0.00 | 0.00 | 42467.07 | 42467.07 | 1 | 5 | 3 | |
234 | 7571.58 | 15828.83 | 0.00 | 0.00 | 23400.41 | 23400.41 | 1 | 5 | 3 | |
235 | 24400.00 | 0.00 | 24400.00 | 24400.00 | 1 | 5 | 3 | |||
236 | 14852.59 | 12500.00 | 0.00 | 0.00 | 27352.59 | 27352.59 | 1 | 5 | 3 | |
237 | 112500.00 | 0.00 | 0.00 | 0.00 | 112500.00 | 112500.00 | 1 | 5 | 3 | |
238 | 16336.00 | 0.00 | 16336.00 | 16336.00 | 1 | 5 | 3 | |||
239 | 22941.67 | 0.00 | 0.00 | 0.00 | 22941.67 | 22941.67 | 1 | 5 | 3 | |
240 | 39411.30 | 0.00 | 0.00 | 0.00 | 39411.30 | 39411.30 | 1 | 5 | 3 | |
241 | 21516.80 | 0.00 | 0.00 | 0.00 | 21516.80 | 21516.80 | 1 | 5 | 3 | |
242 | 17839.29 | 0.00 | 17839.29 | 17839.29 | 1 | 5 | 3 | |||
243 | 1961.30 | 0.00 | 30808.09 | 0.00 | 1961.30 | 32769.39 | 1 | 5 | 3 | |
244 | 18750.00 | 0.00 | 0.00 | 0.00 | 18750.00 | 18750.00 | 1 | 5 | 3 | |
245 | 6844.92 | 6407.81 | 0.00 | 0.00 | 13252.73 | 13252.73 | 1 | 5 | 3 | |
246 | 19517.08 | 4895.00 | 0.00 | 0.00 | 24412.08 | 24412.08 | 1 | 5 | 3 | |
247 | 25000.00 | 0.00 | 25000.00 | 25000.00 | 1 | 5 | 3 | |||
248 | 15666.66 | 0.00 | 0.00 | 0.00 | 15666.66 | 15666.66 | 1 | 5 | 3 | |
249 | 24157.66 | 14701.13 | 24157.66 | 38858.79 | 1 | 5 | 3 | |||
250 | 50910.41 | 0.00 | 0.00 | 0.00 | 50910.41 | 50910.41 | 1 | 5 | 3 | |
251 | 16083.34 | 0.00 | 0.00 | 0.00 | 16083.34 | 16083.34 | 1 | 5 | 3 | |
252 | 4000.00 | 4705.00 | 0.00 | 0.00 | 8705.00 | 8705.00 | 1 | 5 | 3 | |
253 | 15416.66 | 0.00 | 15416.66 | 15416.66 | 1 | 5 | 3 | |||
254 | 43666.00 | 0.00 | 0.00 | 0.00 | 43666.00 | 43666.00 | 1 | 5 | 3 | |
255 | 41256.96 | 0.00 | 41256.96 | 41256.96 | 1 | 5 | 3 | |||
256 | 9583.00 | 9580.00 | 0.00 | 0.00 | 19163.00 | 19163.00 | 1 | 5 | 3 | |
257 | 29726.43 | 0.00 | 29726.43 | 29726.43 | 1 | 5 | 3 | |||
258 | 4648.00 | 9126.00 | 0.00 | 937.50 | 13774.00 | 14711.50 | 1 | 5 | 3 | |
259 | 17873.00 | 0.00 | 17873.00 | 17873.00 | 1 | 5 | 3 | |||
260 | 29197.93 | 0.00 | 0.00 | 0.00 | 29197.93 | 29197.93 | 1 | 5 | 3 | |
261 | 59852.25 | 0.00 | 59852.25 | 59852.25 | 1 | 5 | 3 | |||
262 | 16666.67 | 0.00 | 32894.52 | 0.00 | 16666.67 | 49561.19 | 1 | 5 | 3 | |
263 | 16666.00 | 0.00 | 16666.00 | 16666.00 | 1 | 5 | 3 | |||
264 | 0.00 | 12190.00 | 11432.54 | 0.00 | 12190.00 | 23622.54 | 1 | 5 | 3 | |
265 | 17004.38 | 0.00 | 0.00 | 0.00 | 17004.38 | 17004.38 | 1 | 5 | 3 | |
266 | 20833.34 | 0.00 | 0.00 | 0.00 | 20833.34 | 20833.34 | 1 | 5 | 3 | |
267 | 17500.00 | 0.00 | 6383.27 | 0.00 | 17500.00 | 23883.27 | 1 | 5 | 3 | |
268 | 22083.33 | 0.00 | 22083.33 | 22083.33 | 1 | 5 | 3 | |||
269 | 2054.00 | 941.00 | 6553.00 | 0.00 | 2995.00 | 9548.00 | 1 | 5 | 3 | |
270 | 50310.00 | 19472.50 | 50310.00 | 69782.50 | 1 | 5 | 3 | |||
271 | 17094.18 | 0.00 | 17094.18 | 17094.18 | 1 | 5 | 3 | |||
272 | 11362.00 | 8667.00 | 0.00 | 0.00 | 20029.00 | 20029.00 | 1 | 5 | 3 | |
273 | 17000.00 | 0.00 | 0.00 | 0.00 | 17000.00 | 17000.00 | 1 | 5 | 3 | |
274 | 11483.07 | 0.00 | 11483.07 | 11483.07 | 1 | 5 | 3 | |||
275 | 28282.42 | 0.00 | 0.00 | 0.00 | 28282.42 | 28282.42 | 1 | 4 | 3 | |
276 | 25143.97 | 0.00 | 25143.97 | 25143.97 | 1 | 5 | 3 | |||
277 | 34283.92 | 0.00 | 0.00 | 0.00 | 34283.92 | 34283.92 | 1 | 5 | 3 | |
278 | 15416.67 | 0.00 | 15416.67 | 15416.67 | 1 | 5 | 3 | |||
279 | 8448.20 | 9132.58 | 2483.56 | 0.00 | 17580.78 | 20064.34 | 1 | 5 | 3 | |
280 | 18123.73 | 0.00 | 0.00 | 0.00 | 18123.73 | 18123.73 | 1 | 5 | 3 | |
281 | 13746.00 | 0.00 | 13746.00 | 13746.00 | 1 | 5 | 3 | |||
282 | 27083.33 | 0.00 | 27083.33 | 27083.33 | 1 | 4 | 3 | |||
283 | 10000.00 | 15416.65 | 0.00 | 0.00 | 25416.65 | 25416.65 | 1 | 5 | 3 | |
284 | 0.00 | 0.00 | 44009.00 | 0.00 | 0.00 | 44009.00 | 0 | 5 | 2 | |
285 | 0.00 | 14583.34 | 0.00 | 14583.34 | 0 | 5 | 2 | |||
286 | 4273.13 | 260.80 | 0.00 | 14564.96 | 4533.93 | 19098.89 | 1 | 5 | 3 | |
287 | 0.00 | 0.00 | 46936.43 | 2745.00 | 0.00 | 49681.43 | 0 | 5 | 2 | |
288 | 0.00 | 0.00 | 48870.00 | 3500.00 | 0.00 | 52370.00 | 0 | 4 | 2 | |
289 | 2987.00 | 16667.00 | 1761.00 | 0.00 | 19654.00 | 21415.00 | 0 | 5 | 2 | |
290 | 0.00 | 0.00 | 26441.67 | 2100.00 | 0.00 | 28541.67 | 0 | 4 | 2 | |
291 | 2117.00 | 0.00 | 0.00 | 6680.00 | 2117.00 | 8797.00 | 0 | 4 | 2 | |
292 | 11007.96 | 11026.50 | -1367.67 | 0.00 | 22034.46 | 20666.79 | 1 | 5 | 3 | |
293 | 19387.50 | 0.00 | 0.00 | 0.00 | 19387.50 | 19387.50 | 0 | 5 | 3 | |
294 | 0.00 | 22046.75 | -2001.25 | 15373.75 | 22046.75 | 35419.25 | 0 | 5 | 2 | |
295 | 11666.67 | 10000.00 | 0.00 | 0.00 | 21666.67 | 21666.67 | 0 | 5 | 3 | |
296 | 0.00 | 23951.00 | 0.00 | 23951.00 | 0 | 4 | 2 | |||
297 | 0.00 | 0.00 | 9166.67 | 7083.34 | 0.00 | 16250.01 | 0 | 5 | 2 | |
298 | 0.00 | 0.00 | 25293.34 | 8000.00 | 0.00 | 33293.34 | 0 | 5 | 2 | |
299 | 38263.00 | 0.00 | 0.00 | 0.00 | 38263.00 | 38263.00 | 0 | 5 | 2 | |
300 | 0.00 | 0.00 | 28021.25 | 0.00 | 0.00 | 28021.25 | 0 | 5 | 2 | |
301 | 0.00 | 0.00 | 18815.67 | 10036.00 | 0.00 | 28851.67 | 0 | 4 | 2 | |
302 | 7944.00 | 3714.53 | 0.00 | 0.00 | 11658.53 | 11658.53 | 1 | 5 | 3 | |
303 | 0.00 | 0.00 | 35108.25 | 0.00 | 0.00 | 35108.25 | 0 | 4 | 2 | |
304 | 0.00 | 0.00 | 13854.54 | 2373.58 | 0.00 | 16228.12 | 0 | 4 | 2 | |
305 | 13693.78 | 11670.47 | 0.00 | 0.00 | 25364.25 | 25364.25 | 0 | 5 | 2 | |
306 | 0.00 | 0.00 | 12051.39 | 11956.87 | 0.00 | 24008.26 | 0 | 5 | 2 | |
307 | 12967.00 | 0.00 | 3955.34 | 0.00 | 12967.00 | 16922.34 | 0 | 4 | 2 | |
308 | 0.00 | 0.00 | 19122.00 | 23408.00 | 0.00 | 42530.00 | 0 | 5 | 2 | |
309 | 9583.34 | 9583.34 | 0.00 | 0.00 | 19166.68 | 19166.68 | 1 | 5 | 2 | |
310 | 21412.30 | 10789.00 | 0.00 | 0.00 | 32201.30 | 32201.30 | 1 | 5 | 2 | |
311 | 0.00 | 83333.00 | 0.00 | 83333.00 | 0 | 4 | 2 | |||
312 | 0.00 | 0.00 | 29375.00 | 3197.00 | 0.00 | 32572.00 | 0 | 5 | 2 | |
313 | 0.00 | 0.00 | 37500.00 | 0.00 | 0.00 | 37500.00 | 0 | 5 | 2 | |
314 | 0.00 | 0.00 | 0.00 | 41517.17 | 0.00 | 41517.17 | 0 | 4 | 2 | |
315 | 25000.00 | 15000.00 | 0.00 | 0.00 | 40000.00 | 40000.00 | 0 | 5 | 2 | |
316 | 20000.00 | 12083.34 | 0.00 | 0.00 | 32083.34 | 32083.34 | 0 | 5 | 2 | |
317 | 25000.00 | 0.00 | 25000.00 | 25000.00 | 0 | 5 | 2 | |||
318 | 62031.26 | 1135.25 | 62031.26 | 63166.51 | 1 | 5 | 2 | |||
319 | 0.00 | 0.00 | 13750.00 | 11398.14 | 0.00 | 25148.14 | 0 | 5 | 2 | |
320 | 0.00 | 0.00 | 41872.00 | 5724.00 | 0.00 | 47596.00 | 0 | 5 | 2 | |
321 | 13333.33 | 0.00 | 2315.75 | 0.00 | 13333.33 | 15649.08 | 0 | 5 | 3 | |
322 | 0.00 | 0.00 | 19750.00 | 7466.00 | 0.00 | 27216.00 | 0 | 4 | 2 | |
323 | 0.00 | 0.00 | 11926.00 | 8650.00 | 0.00 | 20576.00 | 0 | 4 | 2 | |
324 | 10000.00 | 12980.11 | 10000.00 | 22980.11 | 1 | 5 | 2 | |||
325 | 0.00 | 0.00 | 15600.00 | 9583.34 | 0.00 | 25183.34 | 0 | 4 | 2 | |
326 | 10851.62 | 11844.99 | 15091.24 | 0.00 | 22696.61 | 37787.85 | 0 | 5 | 3 | |
327 | 0.00 | 17682.45 | 0.00 | 17682.45 | 0 | 5 | 2 | |||
328 | 0.00 | 0.00 | 29279.50 | 12987.59 | 0.00 | 42267.09 | 0 | 4 | 2 | |
329 | 0.00 | 0.00 | 87876.00 | 0.00 | 0.00 | 87876.00 | 0 | 4 | 2 | |
330 | 12714.00 | 0.00 | 0.00 | 0.00 | 12714.00 | 12714.00 | 0 | 5 | 2 | |
331 | 0.00 | 0.00 | 10000.00 | 20000.00 | 0.00 | 30000.00 | 0 | 5 | 2 | |
332 | 14166.00 | 7225.00 | 418.00 | 2900.00 | 21391.00 | 24709.00 | 0 | 5 | 2 | |
333 | 0.00 | 0.00 | 5000.00 | 16666.00 | 0.00 | 21666.00 | 0 | 4 | 2 | |
334 | 0.00 | 0.00 | 12083.00 | 0.00 | 0.00 | 26666.00 | 0 | 5 | 2 | |
335 | 20098.42 | 8334.52 | 0.00 | 0.00 | 28432.94 | 28432.94 | 0 | 5 | 3 | |
336 | 0.00 | 0.00 | 26663.67 | 0.00 | 0.00 | 26663.67 | 0 | 5 | 2 | |
337 | 0.00 | 0.00 | 23813.00 | 1851.00 | 0.00 | 25664.00 | 0 | 4 | 2 | |
338 | 0.00 | 0.00 | 38050.00 | 0.00 | 0.00 | 38050.00 | 0 | 5 | 2 | |
339 | 28933.92 | 1236.13 | 0.00 | 0.00 | 30170.05 | 30170.05 | 0 | 4 | 2 | |
340 | 0.00 | 68559.00 | 0.00 | 68559.00 | 0 | 4 | 2 | |||
341 | 14824.00 | 0.00 | 4310.00 | 0.00 | 14824.00 | 19134.00 | 0 | 5 | 2 | |
342 | 0.00 | 6357.50 | 8935.00 | 0.00 | 6357.50 | 15292.50 | 0 | 4 | 2 | |
343 | 20000.00 | 5000.00 | 0.00 | 0.00 | 25000.00 | 25000.00 | 0 | 4 | 2 | |
344 | 0.00 | 0.00 | 27708.00 | 0.00 | 0.00 | 27708.00 | 0 | 5 | 2 | |
345 | 27313.00 | 0.00 | 25030.53 | 0.00 | 27313.00 | 52343.53 | 0 | 4 | 2 | |
346 | 19195.46 | 0.00 | 981.54 | 0.00 | 19195.46 | 20177.00 | 0 | 5 | 3 | |
347 | 20776.00 | 0.00 | 23912.36 | 0.00 | 20776.00 | 44688.36 | 0 | 5 | 2 | |
348 | 26250.00 | 0.00 | 43600.00 | 0.00 | 26250.00 | 69850.00 | 0 | 5 | 2 | |
349 | 10416.00 | 3055.00 | 0.00 | 0.00 | 13471.00 | 13471.00 | 0 | 5 | 2 | |
350 | 0.00 | 0.00 | 66500.00 | 0.00 | 0.00 | 66500.00 | 0 | 4 | 2 | |
351 | 0.00 | 38175.82 | 0.00 | 9071.00 | 38175.82 | 47246.82 | 0 | 5 | 2 | |
352 | 14610.27 | 10370.69 | 0.00 | 0.00 | 24980.96 | 24980.96 | 0 | 5 | 2 | |
353 | 0.00 | 0.00 | 13333.34 | 9999.99 | 0.00 | 23333.33 | 0 | 5 | 2 | |
354 | 0.00 | 0.00 | 6484.00 | 15416.00 | 0.00 | 21900.00 | 0 | 5 | 2 | |
355 | 19460.00 | 0.00 | 0.00 | 0.00 | 19460.00 | 19460.00 | 0 | 5 | 2 | |
356 | 13306.38 | 10333.34 | 0.00 | 0.00 | 23639.72 | 23639.72 | 0 | 4 | 2 | |
357 | 0.00 | 0.00 | 131951.83 | 0.00 | 0.00 | 131951.83 | 0 | 5 | 2 | |
358 | 0.00 | 0.00 | 35102.33 | 0.00 | 0.00 | 35102.33 | 0 | 5 | 2 | |
359 | 0.00 | 0.00 | 52919.00 | 0.00 | 0.00 | 52919.00 | 0 | 5 | 2 | |
360 | 0.00 | 18333.34 | 0.00 | 18333.34 | 0 | 5 | 2 | |||
361 | 0.00 | 0.00 | 23237.00 | 0.00 | 0.00 | 23237.00 | 0 | 4 | 2 | |
362 | 0.00 | 0.00 | 24000.00 | 0.00 | 0.00 | 24000.00 | 0 | 5 | 2 | |
363 | 17530.00 | 0.00 | 17530.00 | 17530.00 | 1 | 5 | 3 | |||
364 | 14166.67 | 0.00 | 14166.67 | 14166.67 | 1 | 5 | 3 | |||
365 | 30271.00 | 0.00 | 30271.00 | 30271.00 | 1 | 4 | 3 | |||
366 | 16667.00 | 34959.45 | 16667.00 | 51626.45 | 1 | 5 | 3 | |||
367 | 9583.34 | 13923.08 | 9583.34 | 23506.42 | 1 | 5 | 3 | |||
368 | 12781.00 | 0.00 | 1250.00 | 0.00 | 12781.00 | 14031.00 | 1 | 5 | 3 | |
369 | 17333.34 | 0.00 | 0.00 | 0.00 | 17333.34 | 17333.34 | 1 | 5 | 3 | |
370 | 13219.01 | 4155.75 | 0.00 | 0.00 | 17374.76 | 17374.76 | 1 | 5 | 3 | |
371 | 16666.66 | 16835.23 | 16666.66 | 33501.89 | 1 | 5 | 3 | |||
372 | 16666.66 | 0.00 | 46830.29 | 0.00 | 16666.66 | 63496.95 | 1 | 5 | 3 | |
373 | 33789.92 | 0.00 | 33789.92 | 33789.92 | 1 | 5 | 3 | |||
374 | 6008.32 | 5991.65 | 0.00 | 0.00 | 11999.97 | 11999.97 | 1 | 5 | 3 | |
375 | 18333.33 | 0.00 | 21751.00 | 0.00 | 18333.33 | 40084.33 | 1 | 5 | 3 | |
376 | 27083.34 | 0.00 | 27083.34 | 27083.34 | 1 | 5 | 3 | |||
377 | 9373.51 | 18050.96 | 0.00 | 0.00 | 27424.47 | 27424.47 | 1 | 5 | 3 | |
378 | 55276.77 | 0.00 | 55276.77 | 55276.77 | 1 | 5 | 3 | |||
379 | 11206.99 | 11791.68 | 0.00 | 0.00 | 22998.67 | 22998.67 | 1 | 5 | 3 | |
380 | 3970.08 | 2521.06 | 0.00 | 0.00 | 6491.14 | 6491.14 | 1 | 5 | 3 | |
381 | 11275.30 | 2765.33 | 0.00 | 0.00 | 14040.63 | 14040.63 | 1 | 5 | 3 | |
382 | 18750.00 | 0.00 | 16389.00 | 0.00 | 18750.00 | 35139.00 | 1 | 5 | 3 | |
383 | 19260.32 | 0.00 | 19260.32 | 19260.32 | 1 | 5 | 3 | |||
384 | 43209.33 | 0.00 | 43209.33 | 43209.33 | 0 | 5 | 2 | |||
385 | 64710.05 | 0.00 | 64710.05 | 64710.05 | 1 | 5 | 3 | |||
386 | 13568.05 | 0.00 | 13568.05 | 13568.05 | 1 | 5 | 3 | |||
387 | 17935.00 | 1407.48 | 6137.64 | 0.00 | 19342.48 | 25480.12 | 1 | 5 | 3 | |
388 | 14542.00 | 0.00 | 0.00 | 0.00 | 14542.00 | 14542.00 | 1 | 5 | 3 | |
389 | 17917.00 | 0.00 | 0.00 | 0.00 | 17917.00 | 17917.00 | 0 | 5 | 3 | |
390 | 22783.00 | 0.00 | 0.00 | 0.00 | 22783.00 | 22783.00 | 0 | 5 | 3 |
111 | 112 | 113 | 114 | 115 | 116 | 117 | 118 | 119 | |
Co-Borrower Employment Verification |
Borrower
Asset Verification |
Co-Borrower
Asset Verification |
Liquid
/ Cash Reserves |
Monthly
Debt All Borrowers |
Originator DTI | Fully Indexed Rate | Qualification Method |
Percentage
of Down Payment from Borrower Own Funds |
|
1 | 4 | 272227.50 | 5066.30 | 0.1925 | 100 | ||||
2 | 4 | 855346.92 | 9612.11 | 0.2360 | |||||
3 | 4 | 1400447.00 | 3230.18 | 0.3439 | |||||
4 | 4 | 4468278.71 | 22850.63 | 0.1791 | |||||
5 | 4 | 1035351.08 | 8117.30 | 0.4326 | |||||
6 | 4 | 152558.95 | 4391.87 | 0.1818 | |||||
7 | 4 | 122160.08 | 6426.54 | 0.3727 | |||||
8 | 4 | 24318.96 | 8126.62 | 0.4193 | 100 | ||||
9 | 4 | 102461.61 | 9773.43 | 0.2760 | |||||
10 | 4 | 201920.56 | 7688.92 | 0.3460 | 100 | ||||
11 | 4 | 80375.35 | 8624.38 | 0.3732 | 100 | ||||
12 | 4 | 109334.07 | 3790.26 | 0.1497 | |||||
13 | 4 | 540447.96 | 7326.99 | 0.2500 | |||||
14 | 4 | 275602.27 | 3601.59 | 0.1195 | 100 | ||||
15 | 4 | 46658.68 | 7522.85 | 0.1870 | |||||
16 | 4 | 56142.48 | 7670.57 | 0.3974 | 100 | ||||
17 | 4 | 41045.37 | 3309.82 | 0.3157 | |||||
18 | 4 | 132917.73 | 6891.59 | 0.4120 | 100 | ||||
19 | 4 | 98705.71 | 4881.41 | 0.3456 | |||||
20 | 4 | 242263.53 | 8478.35 | 0.1529 | |||||
21 | 4 | 27083.57 | 7361.12 | 0.4269 | |||||
22 | 4 | 151655.05 | 4791.87 | 0.1657 | |||||
23 | 4 | 167085.50 | 7643.02 | 0.3816 | |||||
24 | 4 | 337450.10 | 8113.87 | 0.3143 | 100 | ||||
25 | 4 | 1643674.54 | 18779.49 | 0.1893 | 100 | ||||
26 | 4 | 621289.26 | 8299.61 | 0.4033 | |||||
27 | 4 | 247980.08 | 5829.65 | 0.4372 | 100 | ||||
28 | 4 | 163408.24 | 6497.19 | 0.4214 | 100 | ||||
29 | 4 | 134196.91 | 6833.34 | 0.1978 | |||||
30 | 4 | 119494.40 | 14783.63 | 0.2695 | |||||
31 | 4 | 66356.75 | 5206.12 | 0.4395 | |||||
32 | 4 | 174898.36 | 7746.82 | 0.3720 | |||||
33 | 4 | 107868.51 | 5092.43 | 0.3024 | |||||
34 | 4 | 55690.89 | 5056.31 | 0.2539 | 100 | ||||
35 | 4 | 27633.96 | 5634.63 | 0.2085 | 100 | ||||
36 | 4 | 39276.98 | 7957.16 | 0.3536 | |||||
37 | 4 | 78304.16 | 7869.57 | 0.3084 | |||||
38 | 4 | 20864.56 | 5967.75 | 0.4242 | |||||
39 | 4 | 280169.15 | 5827.35 | 0.2819 | 100 | ||||
40 | 4 | 112287.95 | 11192.56 | 0.3573 | 100 | ||||
41 | 4 | 503741.48 | 9465.79 | 0.4167 | 100 | ||||
42 | 4 | 113620.09 | 7017.95 | 0.3090 | 100 | ||||
43 | 4 | 161975.31 | 6289.48 | 0.2223 | 100 | ||||
44 | 4 | 109102.75 | 6185.21 | 0.3187 | 100 | ||||
45 | 4 | 91640.03 | 7539.08 | 0.3619 | 100 | ||||
46 | 4 | 67744.06 | 7360.86 | 0.3976 | 100 | ||||
47 | 4 | 148890.84 | 3846.95 | 0.3894 | |||||
48 | 4 | 40395.30 | 4311.92 | 0.1874 | 61.7447 | ||||
49 | 4 | 32823.84 | 3949.94 | 0.3043 | |||||
50 | 4 | 522933.70 | 4141.39 | 0.1505 | |||||
51 | 4 | 53882.17 | 4894.66 | 0.2033 | |||||
52 | 4 | 356571.33 | 8971.11 | 0.3076 | |||||
53 | 4 | 536790.59 | 5015.56 | 0.1370 | |||||
54 | 4 | 143028.43 | 8684.72 | 0.2387 | |||||
55 | 4 | 560971.01 | 5996.97 | 0.4284 | 100 | ||||
56 | 4 | 84950.91 | 9045.00 | 0.2650 | 88.8551 | ||||
57 | 4 | 198552.61 | 11580.43 | 0.2720 | |||||
58 | 4 | 247289.95 | 6744.70 | 0.4429 | |||||
59 | 4 | 3054411.27 | 15780.40 | 0.4348 | 100 | ||||
60 | 4 | 501999.89 | 8389.95 | 0.2550 | |||||
61 | 4 | 92188.27 | 7802.73 | 0.3274 | 100 | ||||
62 | 4 | 957805.46 | 7209.58 | 0.1748 | 100 | ||||
63 | 4 | 540781.44 | 9631.36 | 0.4334 | 100 | ||||
64 | 4 | 203651.50 | 3933.76 | 0.3257 | 100 | ||||
65 | 4 | 521511.54 | 6912.40 | 0.2888 | 100 | ||||
66 | 4 | 117949.28 | 15324.54 | 0.3749 | |||||
67 | 4 | 359651.71 | 6015.75 | 0.2020 | |||||
68 | 4 | 271968.83 | 10557.14 | 0.3845 | 100 | ||||
69 | 4 | 271426.96 | 3249.32 | 0.1668 | |||||
70 | 4 | 99191.25 | 6944.36 | 0.3824 | |||||
71 | 4 | 840552.00 | 12184.60 | 0.3879 | |||||
72 | 4 | 179560.80 | 13185.97 | 0.4040 | 100 | ||||
73 | 4 | 108694.04 | 10442.83 | 0.2620 | |||||
74 | 4 | 64808.92 | 4279.16 | 0.4648 | |||||
75 | 4 | 2395376.13 | 9423.77 | 0.4176 | |||||
76 | 4 | 713701.98 | 9684.20 | 0.2484 | |||||
77 | 4 | 66487.68 | 8900.51 | 0.3721 | |||||
78 | 4 | 1532943.62 | 5374.82 | 0.1358 | 100 | ||||
79 | 4 | 167730.40 | 10408.18 | 0.3450 | |||||
80 | 4 | 237154.31 | 4863.65 | 0.3415 | |||||
81 | 4 | 560893.20 | 13113.02 | 0.2518 | 100 | ||||
82 | 4 | 102287.01 | 6745.87 | 0.3318 | 100 | ||||
83 | 4 | 296155.45 | 5070.97 | 0.4172 | |||||
84 | 4 | 417011.82 | 15464.13 | 0.1443 | 100 | ||||
85 | 4 | 82214.24 | 5703.16 | 0.3564 | |||||
86 | 4 | 52445.64 | 7200.07 | 0.4473 | 100 | ||||
87 | 4 | 36893.90 | 4723.22 | 0.3612 | 100 | ||||
88 | 4 | 73578.75 | 4167.84 | 0.2635 | 100 | ||||
89 | 4 | 335624.16 | 7308.32 | 0.3610 | 100 | ||||
90 | 4 | 201777.94 | 7323.86 | 0.1985 | |||||
91 | 4 | 509319.18 | 8380.41 | 0.2882 | 100 | ||||
92 | 4 | 401715.41 | 4143.32 | 0.4969 | |||||
93 | 4 | 879387.78 | 13718.41 | 0.3350 | |||||
94 | 4 | 294033.36 | 8888.04 | 0.2384 | 100 | ||||
95 | 4 | 1063863.97 | 15678.63 | 0.3812 | 100 | ||||
96 | 4 | 264858.06 | 9028.36 | 0.2776 | 100 | ||||
97 | 4 | 86091.88 | 9277.65 | 0.2382 | 100 | ||||
98 | 4 | 176232.82 | 4153.19 | 0.2933 | |||||
99 | 4 | 179535.76 | 7646.11 | 0.1674 | |||||
100 | 4 | 316550.79 | 6996.47 | 0.2829 | |||||
101 | 4 | 143862.81 | 6247.85 | 0.4135 | 100 | ||||
102 | 4 | 1460251.62 | 2754.44 | 0.3518 | |||||
103 | 4 | 1382659.68 | 6147.58 | 0.4276 | 100 | ||||
104 | 4 | 25356.07 | 5647.88 | 0.4308 | |||||
105 | 4 | 311027.98 | 6842.71 | 0.4723 | 100 | ||||
106 | 4 | 47657.00 | 5722.53 | 0.2954 | |||||
107 | 4 | 112061.04 | 3892.54 | 0.1799 | |||||
108 | 4 | 33966.96 | 3821.18 | 0.2084 | |||||
109 | 4 | 547599.09 | 11706.63 | 0.3632 | |||||
110 | 4 | 411609.05 | 11669.67 | 0.3729 | |||||
111 | 4 | 73338.61 | 9273.49 | 0.3932 | |||||
112 | 4 | 197896.05 | 6448.34 | 0.2434 | |||||
113 | 4 | 298329.16 | 6214.45 | 0.2661 | |||||
114 | 4 | 88421.87 | 5045.48 | 0.2953 | |||||
115 | 4 | 316427.14 | 8898.73 | 0.3353 | 100 | ||||
116 | 4 | 452185.95 | 5949.68 | 0.3297 | |||||
117 | 4 | 85482.53 | 6855.53 | 0.4480 | |||||
118 | 4 | 97744.03 | 4784.70 | 0.2743 | |||||
119 | 4 | 169384.45 | 6501.61 | 0.4412 | 100 | ||||
120 | 4 | 1276613.86 | 10883.56 | 0.3800 | |||||
121 | 4 | 92217.24 | 12907.49 | 0.3384 | |||||
122 | 4 | 84352.69 | 4691.08 | 0.3644 | |||||
123 | 4 | 132262.00 | 4779.16 | 0.0673 | |||||
124 | 4 | 484533.10 | 4129.21 | 0.2069 | |||||
125 | 4 | 165921.97 | 8670.66 | 0.4348 | 100 | ||||
126 | 4 | 135492.17 | 10261.61 | 0.4080 | 100 | ||||
127 | 4 | 110254.82 | 6435.63 | 0.3898 | 100 | ||||
128 | 4 | 309602.29 | 7040.23 | 0.2943 | 100 | ||||
129 | 4 | 401814.36 | 9936.23 | 0.2796 | |||||
130 | 4 | 485334.47 | 8183.87 | 0.3126 | |||||
131 | 4 | 5359063.66 | 6446.51 | 0.4200 | 100 | ||||
132 | 4 | 669449.81 | 6501.73 | 0.2939 | |||||
133 | 4 | 345940.64 | 15819.04 | 0.4487 | 100 | ||||
134 | 4 | 107401.16 | 6260.52 | 0.3005 | |||||
135 | 4 | 437215.24 | 9662.22 | 0.4012 | 100 | ||||
136 | 4 | 75706.48 | 5158.28 | 0.3610 | |||||
137 | 4 | 500805.84 | 11073.36 | 0.2865 | |||||
138 | 4 | 7408117.27 | 14041.70 | 0.0436 | 100 | ||||
139 | 4 | 702276.15 | 7701.07 | 0.4474 | |||||
140 | 4 | 113574.08 | 8303.66 | 0.2356 | 100 | ||||
141 | 4 | 451327.85 | 9120.78 | 0.3057 | 100 | ||||
142 | 4 | 95210.48 | 8400.73 | 0.4147 | |||||
143 | 4 | 151945.30 | 6927.24 | 0.0705 | |||||
144 | 4 | 790004.76 | 5861.82 | 0.3144 | 100 | ||||
145 | 4 | 357690.31 | 4745.83 | 0.3107 | 100 | ||||
146 | 4 | 148615.34 | 10213.00 | 0.4241 | 100 | ||||
147 | 4 | 65690.75 | 5341.62 | 0.1831 | |||||
148 | 4 | 22616.60 | 3125.87 | 0.1500 | 100 | ||||
149 | 4 | 256178.17 | 11589.64 | 0.2101 | |||||
150 | 4 | 163634.53 | 5511.04 | 0.4068 | |||||
151 | 4 | 391294.10 | 19573.46 | 0.3160 | |||||
152 | 4 | 187097.27 | 7184.59 | 0.2137 | 72.958 | ||||
153 | 4 | 1157507.93 | 5252.67 | 0.2254 | |||||
154 | 4 | 184483.51 | 9978.96 | 0.2610 | |||||
155 | 4 | 3706500.41 | 6368.03 | 0.3205 | |||||
156 | 4 | 286812.64 | 9569.06 | 0.3377 | |||||
157 | 4 | 212775.98 | 8185.06 | 0.2676 | |||||
158 | 4 | 2788642.22 | 8137.02 | 0.1181 | |||||
159 | 4 | 811294.57 | 5308.46 | 0.1597 | |||||
160 | 4 | 590681.14 | 8754.94 | 0.1003 | |||||
161 | 4 | 182292.44 | 6721.89 | 0.3229 | |||||
162 | 4 | 203502.33 | 9923.54 | 0.2977 | |||||
163 | 4 | 287298.00 | 9081.92 | 0.2286 | 100 | ||||
164 | 4 | 2468648.19 | 16375.28 | 0.5453 | |||||
165 | 4 | 257662.95 | 9859.06 | 0.3315 | |||||
166 | 4 | 421521.06 | 3496.01 | 0.2079 | 100 | ||||
167 | 4 | 62312.64 | 6600.21 | 0.3247 | 100 | ||||
168 | 4 | 156688.82 | 8908.69 | 0.4186 | 91.0765 | ||||
169 | 4 | 172510.86 | 9619.10 | 0.2706 | |||||
170 | 4 | 134185.90 | 6513.47 | 0.4238 | 100 | ||||
171 | 4 | 48625.11 | 5864.08 | 0.3686 | 100 | ||||
172 | 4 | 44408.16 | 4355.73 | 0.4249 | |||||
173 | 4 | 2047789.50 | 6843.32 | 0.3618 | |||||
174 | 4 | 98044.81 | 4818.15 | 0.4446 | |||||
175 | 4 | 157295.61 | 6112.36 | 0.3333 | |||||
176 | 4 | 156372.28 | 5063.15 | 0.3383 | |||||
177 | 4 | 2618900.07 | 16119.63 | 0.1895 | 100 | ||||
178 | 4 | 223330.50 | 9576.19 | 0.4199 | |||||
179 | 4 | 41265.59 | 7008.26 | 0.1647 | |||||
180 | 4 | 2519051.70 | 14092.29 | 0.4043 | |||||
181 | 4 | 43426.26 | 8514.60 | 0.3716 | 100 | ||||
182 | 4 | 36361.68 | 5085.48 | 0.4219 | 100 | ||||
183 | 4 | 172421.28 | 7364.99 | 0.4229 | 100 | ||||
184 | 4 | 49148.01 | 5858.33 | 0.2969 | 100 | ||||
185 | 4 | 87785.00 | 8239.49 | 0.4149 | |||||
186 | 4 | 73826.60 | 4900.98 | 0.4100 | |||||
187 | 4 | 168816.26 | 10829.82 | 0.3776 | |||||
188 | 4 | 356281.90 | 3387.70 | 0.3912 | 100 | ||||
189 | 4 | 635582.16 | 9596.06 | 0.2711 | 100 | ||||
190 | 4 | 199276.42 | 12226.71 | 0.3343 | |||||
191 | 4 | 171699.47 | 6472.89 | 0.4356 | 100 | ||||
192 | 4 | 322327.08 | 4511.95 | 0.3331 | 100 | ||||
193 | 4 | 1309498.25 | 31179.89 | 0.1737 | 100 | ||||
194 | 4 | 145579.32 | 7513.84 | 0.3381 | |||||
195 | 4 | 1040382.30 | 4598.76 | 0.2243 | 100 | ||||
196 | 4 | 153016.88 | 5697.05 | 0.2886 | 100 | ||||
197 | 4 | 56363.92 | 6867.90 | 0.4055 | |||||
198 | 4 | 99268.23 | 5599.37 | 0.1884 | |||||
199 | 4 | 273058.55 | 4704.47 | 0.2823 | 100 | ||||
200 | 4 | 76571.92 | 4371.39 | 0.4371 | |||||
201 | 4 | 8169797.40 | 4869.61 | 0.3761 | 100 | ||||
202 | 4 | 119720.02 | 6702.03 | 0.3157 | 100 | ||||
203 | 4 | 57229.16 | 6592.71 | 0.4000 | |||||
204 | 4 | 68400.51 | 7171.07 | 0.4087 | |||||
205 | 4 | 132963.44 | 5362.85 | 0.3918 | |||||
206 | 4 | 146792.36 | 4045.54 | 0.4493 | |||||
207 | 4 | 1518872.05 | 5949.63 | 0.3400 | |||||
208 | 4 | 168314.17 | 5537.01 | 0.3303 | |||||
209 | 4 | 325674.29 | 8956.62 | 0.1877 | |||||
210 | 4 | 145102.18 | 5320.12 | 0.2960 | |||||
211 | 4 | 272572.94 | 6718.54 | 0.4210 | 100 | ||||
212 | 4 | 61794.10 | 10534.02 | 0.2667 | |||||
213 | 4 | 128443.78 | 7583.90 | 0.4438 | 100 | ||||
214 | 4 | 67094.13 | 6470.78 | 0.4167 | 100 | ||||
215 | 4 | 31046.34 | 5007.71 | 0.2688 | 100 | ||||
216 | 4 | 181755.07 | 11426.67 | 0.2257 | 99.8717 | ||||
217 | 4 | 50434.30 | 3874.63 | 0.3748 | 47.2942 | ||||
218 | 4 | 137826.50 | 8581.95 | 0.4287 | |||||
219 | 4 | 119457.22 | 6999.59 | 0.3222 | |||||
220 | 4 | 765233.86 | 4243.45 | 0.2018 | |||||
221 | 4 | 364790.71 | 8228.79 | 0.4768 | 100 | ||||
222 | 3 | 2015171.10 | 9310.86 | 0.3879 | |||||
223 | 4 | 242474.11 | 7425.18 | 0.2008 | |||||
224 | 4 | 30389.39 | 4255.03 | 0.4491 | |||||
225 | 4 | 552364.03 | 9412.16 | 0.3405 | 100 | ||||
226 | 4 | 106753.03 | 3322.57 | 0.2130 | 100 | ||||
227 | 4 | 102783.17 | 6749.19 | 0.2932 | 100 | ||||
228 | 4 | 37403.73 | 3899.19 | 0.2017 | |||||
229 | 4 | 442241.08 | 7438.94 | 0.2044 | |||||
230 | 4 | 19071.02 | 8968.88 | 0.3799 | 100 | ||||
231 | 4 | 269522.31 | 7776.28 | 0.3115 | 100 | ||||
232 | 4 | 197236.05 | 3518.81 | 0.2924 | |||||
233 | 4 | 678962.78 | 13791.27 | 0.3248 | |||||
234 | 4 | 120145.78 | 5842.54 | 0.2497 | |||||
235 | 4 | 142502.80 | 5956.87 | 0.2441 | |||||
236 | 4 | 916794.26 | 4652.18 | 0.1701 | 100 | ||||
237 | 4 | 559693.03 | 15520.16 | 0.1380 | |||||
238 | 4 | 164963.54 | 4922.97 | 0.3014 | |||||
239 | 4 | 695693.21 | 5672.86 | 0.2473 | 100 | ||||
240 | 4 | 60457.80 | 11582.43 | 0.2939 | |||||
241 | 4 | 55288.37 | 6675.85 | 0.3103 | |||||
242 | 4 | 167743.93 | 7671.45 | 0.4300 | 100 | ||||
243 | 4 | 158021.37 | 6623.28 | 0.2021 | |||||
244 | 4 | 161556.73 | 4520.64 | 0.2411 | |||||
245 | 4 | 31966.06 | 5051.30 | 0.3812 | 51.139 | ||||
246 | 4 | 54149.78 | 7271.48 | 0.2979 | 100 | ||||
247 | 4 | 145725.02 | 7173.00 | 0.2869 | 100 | ||||
248 | 4 | 66274.48 | 4754.31 | 0.3035 | |||||
249 | 4 | 228379.63 | 11601.21 | 0.2985 | |||||
250 | 4 | 149777.28 | 11969.19 | 0.2351 | 100 | ||||
251 | 4 | 32252.00 | 5124.96 | 0.3187 | |||||
252 | 4 | 28842.27 | 3837.90 | 0.4409 | |||||
253 | 4 | 157915.67 | 6451.96 | 0.4185 | |||||
254 | 4 | 286788.47 | 9803.24 | 0.2245 | |||||
255 | 4 | 101112.60 | 6287.64 | 0.1524 | |||||
256 | 4 | 58502.92 | 7248.71 | 0.3783 | |||||
257 | 4 | 26038.89 | 4234.26 | 0.1424 | |||||
258 | 4 | 250018.76 | 6299.99 | 0.4282 | 100 | ||||
259 | 4 | 276139.22 | 7329.90 | 0.4101 | 100 | ||||
260 | 4 | 145644.84 | 6081.26 | 0.2083 | |||||
261 | 4 | 663041.14 | 8108.36 | 0.1355 | 100 | ||||
262 | 4 | 165629.29 | 7114.46 | 0.1435 | 100 | ||||
263 | 4 | 215108.64 | 7056.87 | 0.4234 | 100 | ||||
264 | 4 | 568474.56 | 4841.35 | 0.2049 | 100 | ||||
265 | 4 | 53265.95 | 7422.21 | 0.4365 | 100 | ||||
266 | 4 | 135307.26 | 6218.06 | 0.2985 | 100 | ||||
267 | 4 | 282798.18 | 10658.55 | 0.4463 | 100 | ||||
268 | 4 | 888742.18 | 9727.88 | 0.4405 | 100 | ||||
269 | 4 | 1295564.20 | 3535.19 | 0.3703 | |||||
270 | 4 | 1282930.65 | 23350.27 | 0.3346 | 100 | ||||
271 | 4 | 142507.74 | 4584.57 | 0.2682 | |||||
272 | 4 | 206549.26 | 4852.11 | 0.2423 | |||||
273 | 4 | 115956.81 | 7040.64 | 0.4142 | 100 | ||||
274 | 4 | 121103.14 | 4838.71 | 0.4214 | |||||
275 | 4 | 701534.20 | 12149.65 | 0.4296 | 100 | ||||
276 | 4 | 65190.07 | 7920.10 | 0.3150 | |||||
277 | 4 | 133551.02 | 6309.27 | 0.1840 | |||||
278 | 4 | 48321.39 | 5921.53 | 0.3841 | 100 | ||||
279 | 4 | 107810.52 | 7524.65 | 0.3750 | 100 | ||||
280 | 4 | 64233.81 | 4782.73 | 0.2639 | 100 | ||||
281 | 4 | 195227.03 | 4404.48 | 0.3204 | 100 | ||||
282 | 4 | 90899.59 | 5830.26 | 0.2153 | |||||
283 | 4 | 216712.57 | 8114.09 | 0.3192 | 100 | ||||
284 | 4 | 4100125.00 | 8130.09 | 0.1847 | 0 | ||||
285 | 4 | 458854.00 | 6848.34 | 0.4696 | 0 | ||||
286 | 4 | 740788.50 | 7841.03 | 0.4105 | 100 | ||||
287 | 4 | 338079.94 | 8879.21 | 0.1787 | |||||
288 | 4 | 1466252.65 | 8436.81 | 0.1611 | |||||
289 | 3 | 390247.30 | 9493.27 | 0.4433 | |||||
290 | 4 | 698354.70 | 5959.50 | 0.2088 | |||||
291 | 4 | 1155150.00 | 4399.38 | 0.5001 | |||||
292 | 3 | 629930.29 | 5934.45 | 0.2871 | |||||
293 | 4 | 360330.49 | 8507.95 | 0.4388 | 100 | ||||
294 | 3 | 765244.79 | 15030.62 | 0.4244 | 100 | ||||
295 | 3 | 589623.44 | 3430.70 | 0.1583 | 100 | ||||
296 | 4 | 186472.68 | 6852.43 | 0.2861 | 0 | ||||
297 | 4 | 227812.58 | 5933.46 | 0.3651 | 0 | ||||
298 | 4 | 861662.00 | 10252.35 | 0.3079 | |||||
299 | 4 | 1602570.98 | 8773.71 | 0.2293 | |||||
300 | 4 | 701183.70 | 7638.59 | 0.2726 | 0 | ||||
301 | 4 | 549830.00 | 7510.67 | 0.2603 | 0 | ||||
302 | 4 | 206580.53 | 3926.59 | 0.3368 | |||||
303 | 4 | 1214216.00 | 12939.43 | 0.3686 | |||||
304 | 4 | 5731108.00 | 6579.37 | 0.4054 | |||||
305 | 4 | 220218.02 | 5836.34 | 0.2301 | 100 | ||||
306 | 4 | 322170.00 | 7826.69 | 0.3260 | |||||
307 | 3 | 131881.29 | 7608.28 | 0.4496 | |||||
308 | 4 | 501562.00 | 17112.63 | 0.4024 | |||||
309 | 4 | 69847.36 | 6365.25 | 0.3321 | 100 | ||||
310 | 3 | 826852.24 | 7494.79 | 0.2327 | 100 | ||||
311 | 4 | 1368424.05 | 11983.29 | 0.1438 | |||||
312 | 4 | 971568.47 | 15538.93 | 0.4771 | |||||
313 | 4 | 451524.42 | 13850.14 | 0.3693 | |||||
314 | 4 | 1507588.70 | 11363.42 | 0.2737 | |||||
315 | 3 | 1249500.77 | 10052.44 | 0.2513 | 100 | ||||
316 | 3 | 109537.56 | 12214.13 | 0.3807 | 100 | ||||
317 | 3 | 233607.93 | 7781.48 | 0.3113 | |||||
318 | 3 | 536941.53 | 24022.22 | 0.3803 | 100 | ||||
319 | 4 | 282122.57 | 9191.65 | 0.3655 | 0 | ||||
320 | 4 | 634511.17 | 6696.76 | 0.1407 | |||||
321 | 3 | 280259.44 | 6799.53 | 0.4345 | 100 | ||||
322 | 4 | 3111551.22 | 9759.66 | 0.3586 | |||||
323 | 4 | 109192.00 | 9135.74 | 0.4440 | |||||
324 | 4 | 448036.34 | 8564.69 | 0.3727 | 100 | ||||
325 | 4 | 576045.96 | 5603.54 | 0.2225 | 0 | ||||
326 | 4 | 227329.45 | 9254.24 | 0.2449 | |||||
327 | 4 | 3986172.00 | 7923.51 | 0.4481 | 0 | ||||
328 | 4 | 1780701.99 | 13893.19 | 0.3287 | 0 | ||||
329 | 4 | 8157849.82 | 24447.10 | 0.2782 | |||||
330 | 4 | 307702.80 | 5081.16 | 0.3997 | |||||
331 | 4 | 468550.68 | 11067.00 | 0.3689 | 0 | ||||
332 | 4 | 625050.31 | 6374.21 | 0.2580 | |||||
333 | 4 | 283037.35 | 6146.12 | 0.2837 | 0 | ||||
334 | 4 | 616188.53 | 9060.15 | 0.3398 | 0 | ||||
335 | 3 | 211781.56 | 7853.12 | 0.2762 | 100 | ||||
336 | 4 | 558909.86 | 11549.96 | 0.4332 | |||||
337 | 4 | 224304.00 | 8485.42 | 0.3306 | |||||
338 | 4 | 48419.62 | 9633.92 | 0.2532 | 0 | ||||
339 | 3 | 119416.25 | 12530.13 | 0.4153 | |||||
340 | 4 | 188569.41 | 8604.36 | 0.1255 | |||||
341 | 4 | 287621.00 | 5104.55 | 0.2668 | |||||
342 | 4 | 499528.76 | 6106.40 | 0.3993 | |||||
343 | 3 | 316970.70 | 7127.90 | 0.2851 | 100 | ||||
344 | 4 | 249389.07 | 4645.05 | 0.1676 | |||||
345 | 4 | 3921105.28 | 8110.37 | 0.1549 | |||||
346 | 3 | 908088.44 | 6802.05 | 0.3371 | 100 | ||||
347 | 4 | 149136.01 | 11981.66 | 0.2681 | |||||
348 | 3 | 1916280.53 | 17651.44 | 0.2527 | 100 | ||||
349 | 4 | 874547.60 | 5042.72 | 0.3743 | |||||
350 | 4 | 483850.71 | 22256.82 | 0.3347 | 0 | ||||
351 | 4 | 975320.57 | 6597.07 | 0.1396 | |||||
352 | 3 | 677781.55 | 7040.96 | 0.2819 | |||||
353 | 4 | 299391.70 | 9755.78 | 0.4181 | 0 | ||||
354 | 4 | 306390.88 | 7891.73 | 0.3604 | |||||
355 | 4 | 44680.91 | 7605.14 | 0.3908 | 100 | ||||
356 | 3 | 741620.50 | 6428.42 | 0.2719 | 100 | ||||
357 | 4 | 1189480.00 | 14969.14 | 0.1134 | 0 | ||||
358 | 4 | 374101.00 | 7920.07 | 0.2256 | 0 | ||||
359 | 4 | 660076.51 | 9917.23 | 0.1874 | 0 | ||||
360 | 4 | 792750.00 | 5497.44 | 0.2999 | 0 | ||||
361 | 4 | 2565771.00 | 7776.15 | 0.3346 | 0 | ||||
362 | 4 | 142048.80 | 7496.69 | 0.3124 | 0 | ||||
363 | 4 | 229597.68 | 6536.83 | 0.3729 | |||||
364 | 4 | 94959.31 | 6354.42 | 0.4485 | 78.2069 | ||||
365 | 4 | 101227.08 | 11582.14 | 0.3826 | 100 | ||||
366 | 4 | 569550.59 | 21556.68 | 0.4176 | 100 | ||||
367 | 4 | 845463.33 | 9051.19 | 0.3851 | 100 | ||||
368 | 4 | 51579.57 | 6300.58 | 0.4490 | 100 | ||||
369 | 4 | 574294.46 | 5105.47 | 0.2945 | |||||
370 | 4 | 107329.53 | 7449.29 | 0.4287 | |||||
371 | 4 | 437464.62 | 6012.72 | 0.1795 | 100 | ||||
372 | 4 | 458108.91 | 18812.11 | 0.2963 | 100 | ||||
373 | 4 | 84957.05 | 7637.74 | 0.2260 | |||||
374 | 4 | 153191.51 | 4007.19 | 0.3339 | |||||
375 | 4 | 158242.36 | 9451.52 | 0.2358 | |||||
376 | 4 | 491535.90 | 7178.39 | 0.2650 | |||||
377 | 4 | 196672.60 | 11606.12 | 0.4232 | |||||
378 | 4 | 275200.69 | 9807.15 | 0.1774 | |||||
379 | 4 | 534103.83 | 10324.08 | 0.4489 | 100 | ||||
380 | 4 | 315032.74 | 2753.56 | 0.4242 | |||||
381 | 4 | 168673.00 | 5724.52 | 0.4077 | |||||
382 | 4 | 238679.36 | 12572.14 | 0.3578 | 100 | ||||
383 | 4 | 213066.79 | 5618.91 | 0.2917 | |||||
384 | 4 | 258137.00 | 9650.59 | 0.2233 | 100 | ||||
385 | 4 | 555470.24 | 6264.13 | 0.0968 | |||||
386 | 4 | 149012.99 | 4994.98 | 0.3681 | |||||
387 | 4 | 589895.37 | 13237.61 | 0.5195 | |||||
388 | 4 | 346196.36 | 4041.45 | 0.2779 | |||||
389 | 4 | 97894.45 | 6303.56 | 0.3518 | 100 | ||||
390 | 4 | 277842.29 | 4373.61 | 0.1920 | 100 |
120 | 121 | 122 | 123 | 124 | 125 | 126 | 127 | 128 | |
City | State | Postal Code | Property Type | Occupancy | Sales Price | Original
Appraised Property Value |
Original
Property Valuation Type |
Original
Property Valuation Date |
|
1 | Boston | MA | 02118 | 3 | 1 | 1075000.00 | 1075000.00 | 3 | 20120807 |
2 | Tahoe City | CA | 96145 | 7 | 2 | 770000.00 | 3 | 20120509 | |
3 | Redding | CA | 96001 | 1 | 1 | 725000.00 | 3 | 20120523 | |
4 | Palm Desert | CA | 92260 | 7 | 1 | 3100000.00 | 3 | 20120604 | |
5 | Palm Desert | CA | 92660 | 7 | 2 | 1280000.00 | 3 | 20120522 | |
6 | STOCKTON | CA | 95219 | 7 | 1 | 650000.00 | 3 | 20120725 | |
7 | San Jose | CA | 95125 | 1 | 1 | 1183000.00 | 3 | 20120619 | |
8 | South Lake Tahoe | CA | 96150 | 7 | 2 | 785000.00 | 785000.00 | 3 | 20120801 |
9 | Duluth | GA | 30096 | 7 | 1 | 1475000.00 | 3 | 20120309 | |
10 | Milton | GA | 30004 | 7 | 2 | 915000.00 | 940000.00 | 3 | 20120531 |
11 | Suwanee | GA | 30024 | 7 | 1 | 640000.00 | 640000.00 | 3 | 20120530 |
12 | Atlanta | GA | 30327 | 1 | 1 | 800000.00 | 98 | 20120521 | |
13 | Buford | GA | 30518 | 1 | 1 | 1360000.00 | 3 | 20120622 | |
14 | Suwanee | GA | 30024 | 7 | 1 | 670000.00 | 680000.00 | 3 | 20120620 |
15 | Atlanta | GA | 30306 | 1 | 1 | 825000.00 | 3 | 20120717 | |
16 | Atlanta | GA | 30305 | 1 | 1 | 851300.00 | 860000.00 | 3 | 20120814 |
17 | Meridian | ID | 83642 | 1 | 1 | 585000.00 | 3 | 20120329 | |
18 | Southlake | TX | 76092 | 7 | 1 | 850000.00 | 860000.00 | 3 | 20120713 |
19 | Longmont | CO | 80503 | 7 | 1 | 980000.00 | 3 | 20120622 | |
20 | Frisco | TX | 75034 | 7 | 1 | 1500000.00 | 3 | 20120706 | |
21 | Frisco | TX | 75034 | 7 | 1 | 710000.00 | 3 | 20120716 | |
22 | KIRKLAND | WA | 98033 | 1 | 1 | 900000.00 | 3 | 20120410 | |
23 | CHICAGO | IL | 60613 | 1 | 1 | 1500000.00 | 3 | 20120531 | |
24 | NORTHBROOK | IL | 60062 | 1 | 1 | 917500.00 | 915500.00 | 3 | 20120504 |
25 | CHICAGO | IL | 60614 | 1 | 1 | 3650000.00 | 3750000.00 | 3 | 20120509 |
26 | Western Springs | IL | 60558 | 1 | 1 | 1225000.00 | 3 | 20120525 | |
27 | PARK RIDGE | IL | 60068 | 1 | 1 | 816500.00 | 851000.00 | 3 | 20120612 |
28 | ST CHARLES | IL | 60175 | 7 | 1 | 735000.00 | 735000.00 | 3 | 20120709 |
29 | La Canada Flintridge | CA | 91011 | 1 | 1 | 1400000.00 | 3 | 20120629 | |
30 | Houston | TX | 77057 | 7 | 1 | 1775000.00 | 3 | 20120326 | |
31 | Arden | NC | 28704 | 7 | 1 | 1050000.00 | 3 | 20120514 | |
32 | Huntersville | NC | 28078 | 7 | 1 | 980000.00 | 3 | 20120511 | |
33 | AUSTIN | TX | 78730 | 7 | 1 | 850000.00 | 3 | 20120614 | |
34 | AUSTIN | TX | 78746 | 7 | 1 | 639000.00 | 645000.00 | 3 | 20120813 |
35 | POWELL | OH | 43065 | 7 | 1 | 640000.00 | 660000.00 | 3 | 20120717 |
36 | HOUSTON | TX | 77081 | 1 | 1 | 1135000.00 | 3 | 20120529 | |
37 | HOUSTON | TX | 77055 | 1 | 1 | 1375000.00 | 3 | 20120807 | |
38 | THE WOODLANDS | TX | 77381 | 7 | 1 | 752000.00 | 3 | 20120706 | |
39 | Sunnyvale | CA | 94087 | 1 | 1 | 1265000.00 | 1265000.00 | 3 | 20120618 |
40 | Solana Beach | CA | 92075 | 1 | 1 | 1025000.00 | 1050000.00 | 3 | 20120628 |
41 | NAPA | CA | 94558 | 1 | 2 | 1425000.00 | 1425000.00 | 3 | 20120622 |
42 | GRANITE BAY | CA | 95746 | 1 | 1 | 1075000.00 | 1050000.00 | 3 | 20120711 |
43 | Englewood | CO | 80111 | 7 | 1 | 951000.00 | 995000.00 | 3 | 20120717 |
44 | Denver | CO | 80220 | 1 | 1 | 1300000.00 | 1300000.00 | 3 | 20120814 |
45 | Denver | CO | 80206 | 12 | 1 | 835000.00 | 850000.00 | 3 | 20120810 |
46 | EL DORADO HILLS | CA | 95762 | 7 | 1 | 1062500.00 | 1060000.00 | 3 | 20120629 |
47 | SACRAMENTO | CA | 95818 | 1 | 1 | 825000.00 | 3 | 20120715 | |
48 | NORTHVILLE | MI | 48168 | 7 | 1 | 555000.00 | 566000.00 | 3 | 20120608 |
49 | FRANKLIN | TN | 37064 | 7 | 1 | 650000.00 | 3 | 20120409 | |
50 | ENCINITAS | CA | 92024 | 1 | 1 | 1320000.00 | 3 | 20120310 | |
51 | SCANDIA | MN | 55073 | 1 | 1 | 725000.00 | 3 | 20120518 | |
52 | GREENWOOD VILLAGE | CO | 80111 | 1 | 1 | 1185000.00 | 3 | 20120619 | |
53 | MOUNTAIN VIEW | CA | 94040 | 1 | 1 | 1530000.00 | 3 | 20120627 | |
54 | NEWPORT COAST | CA | 92657 | 7 | 1 | 1300000.00 | 3 | 20120611 | |
55 | CANYON COUNTRY | CA | 91387 | 7 | 1 | 940000.00 | 1060000.00 | 3 | 20120508 |
56 | HOUSTON | TX | 77055 | 7 | 1 | 765000.00 | 765000.00 | 3 | 20120607 |
57 | MERCER ISLAND | WA | 98040 | 1 | 1 | 1474000.00 | 3 | 20120523 | |
58 | VERO BEACH | FL | 32963 | 7 | 1 | 878000.00 | 3 | 20120522 | |
59 | BEVERLY HILLS | CA | 90210 | 3 | 1 | 1812500.00 | 1725000.00 | 3 | 20120523 |
60 | MANHATTAN BEACH | CA | 90266 | 1 | 1 | 2000000.00 | 3 | 20120523 | |
61 | KEY BISCAYNE | FL | 33149 | 1 | 1 | 1525000.00 | 1525000.00 | 3 | 20120521 |
62 | MOORPARK | CA | 93021 | 7 | 1 | 1250000.00 | 1250000.00 | 3 | 20120702 |
63 | MEADOW VISTA | CA | 95722 | 7 | 1 | 690000.00 | 760000.00 | 3 | 20120606 |
64 | PORTLAND | OR | 97212 | 1 | 1 | 865000.00 | 880000.00 | 3 | 20120608 |
65 | KIRKLAND | WA | 98033 | 1 | 1 | 1175000.00 | 1175000.00 | 3 | 20120521 |
66 | NEWPORT BEACH | CA | 92660 | 3 | 1 | 1200000.00 | 3 | 20120531 | |
67 | LOS ANGELES | CA | 90046 | 1 | 1 | 945000.00 | 3 | 20120525 | |
68 | WESTON | FL | 33327 | 7 | 1 | 950000.00 | 975000.00 | 3 | 20120605 |
69 | SAINT CHARLES | MO | 63304 | 7 | 1 | 650000.00 | 3 | 20120604 | |
70 | LOS ANGELES | CA | 90004 | 1 | 1 | 950000.00 | 3 | 20120531 | |
71 | HOUSTON | TX | 77056 | 7 | 1 | 3550000.00 | 3 | 20120607 | |
72 | DAVIE | FL | 33330 | 7 | 1 | 980000.00 | 1050000.00 | 3 | 20120618 |
73 | CARNATION | WA | 98014 | 1 | 1 | 1280000.00 | 3 | 20120724 | |
74 | CHICAGO | IL | 60613 | 1 | 1 | 775000.00 | 3 | 20120618 | |
75 | BELLEVUE | WA | 98005 | 1 | 1 | 2500000.00 | 3 | 20120620 | |
76 | LOS ANGELES | CA | 90034 | 1 | 1 | 2625000.00 | 3 | 20120702 | |
77 | BELLEVUE | WA | 98006 | 1 | 1 | 930000.00 | 3 | 20120722 | |
78 | TUCSON | AZ | 85750 | 7 | 1 | 925000.00 | 930000.00 | 3 | 20120619 |
79 | MINNEAPOLIS | MN | 55436 | 1 | 1 | 1900000.00 | 3 | 20120626 | |
80 | CUPERTINO | CA | 95014 | 1 | 1 | 960000.00 | 3 | 20120628 | |
81 | LINCOLN | MA | 01773 | 1 | 1 | 1325000.00 | 1325000.00 | 3 | 20120627 |
82 | SAN JOSE | CA | 95129 | 1 | 1 | 1538000.00 | 1330000.00 | 3 | 20120627 |
83 | PORTLAND | OR | 97239 | 4 | 1 | 1100000.00 | 3 | 20120706 | |
84 | LA QUINTA | CA | 92253 | 7 | 2 | 900000.00 | 900000.00 | 3 | 20120727 |
85 | SHAVER LAKE | CA | 93664 | 7 | 1 | 950000.00 | 3 | 20120804 | |
86 | SCOTTSDALE | AZ | 85259 | 7 | 1 | 695000.00 | 704000.00 | 3 | 20120816 |
87 | NORTHVILLE | MI | 48168 | 7 | 1 | 790000.00 | 800000.00 | 3 | 20120727 |
88 | Chandler | AZ | 85249 | 7 | 1 | 755000.00 | 768000.00 | 3 | 20120812 |
89 | Carbondale | CO | 81623 | 1 | 1 | 1100000.00 | 1100000.00 | 3 | 20120614 |
90 | WHITEFISH BAY | WI | 53217 | 1 | 1 | 1500000.00 | 3 | 20120511 | |
91 | Paradise Valley | AZ | 85253 | 7 | 1 | 1450000.00 | 1460000.00 | 3 | 20120708 |
92 | Loomis | CA | 95650 | 7 | 1 | 1000000.00 | 3 | 20120628 | |
93 | Saint Helena | CA | 94574 | 1 | 1 | 1300000.00 | 3 | 20120713 | |
94 | Ashburn | VA | 20147 | 7 | 1 | 990000.00 | 1000000.00 | 3 | 20120625 |
95 | PARK CITY | UT | 84098 | 7 | 2 | 1475100.00 | 1500000.00 | 3 | 20120710 |
96 | Denver | CO | 80209 | 7 | 1 | 1225000.00 | 1250000.00 | 3 | 20120614 |
97 | Denver | CO | 80210 | 1 | 1 | 1275000.00 | 1285000.00 | 3 | 20120716 |
98 | Boulder | CO | 80304 | 1 | 1 | 900000.00 | 3 | 20120807 | |
99 | Denver | CO | 80220 | 1 | 1 | 1200000.00 | 3 | 20120727 | |
100 | Redding | CA | 96003 | 7 | 1 | 858000.00 | 3 | 20120620 | |
101 | PETALUMA | CA | 94952 | 1 | 1 | 1125000.00 | 1125000.00 | 3 | 20120625 |
102 | BRECKENRIDGE | CO | 80424 | 1 | 1 | 1217000.00 | 3 | 20120815 | |
103 | Denver | CO | 80210 | 1 | 1 | 1025000.00 | 1050000.00 | 3 | 20120623 |
104 | Humble | TX | 77346 | 7 | 1 | 625000.00 | 3 | 20120806 | |
105 | Arroyo Grande | CA | 93420 | 1 | 1 | 1250000.00 | 1250000.00 | 3 | 20120712 |
106 | NASHVILLE | TN | 37215 | 1 | 1 | 1250000.00 | 3 | 20120806 | |
107 | WESTMINSTER | CO | 80031 | 7 | 1 | 630000.00 | 3 | 20120720 | |
108 | NASHVILLE | TN | 37221 | 1 | 1 | 960000.00 | 3 | 20120719 | |
109 | DAYTONA BEACH | FL | 32118 | 4 | 2 | 850000.00 | 3 | 20120418 | |
110 | SEATTLE | WA | 98112 | 7 | 1 | 2075000.00 | 3 | 20120622 | |
111 | Denver | CO | 80230 | 7 | 1 | 1115000.00 | 3 | 20120730 | |
112 | Magnolia | TX | 77355 | 7 | 1 | 1100000.00 | 3 | 20120517 | |
113 | BIRMINGHAM | MI | 48009 | 1 | 1 | 740000.00 | 3 | 20120502 | |
114 | Magnolia | TX | 77354 | 7 | 1 | 725000.00 | 3 | 20120524 | |
115 | San Diego | CA | 92109 | 3 | 2 | 1335000.00 | 1335000.00 | 3 | 20120618 |
116 | monte sereno | CA | 95030 | 1 | 1 | 1285000.00 | 3 | 20120712 | |
117 | La Jolla | CA | 92037 | 7 | 1 | 1025000.00 | 3 | 20120628 | |
118 | CARLSBAD | CA | 92009 | 1 | 1 | 870000.00 | 3 | 20120703 | |
119 | SAN JOSE | CA | 95120 | 1 | 1 | 1005000.00 | 1080000.00 | 3 | 20120710 |
120 | Boca Raton | FL | 33487 | 7 | 1 | 1825000.00 | 3 | 20120725 | |
121 | AURORA | CO | 80016 | 7 | 1 | 720000.00 | 3 | 20120722 | |
122 | San Diego | CA | 92116 | 1 | 1 | 835000.00 | 3 | 20120719 | |
123 | westport | CT | 06880 | 1 | 1 | 1340000.00 | 3 | 20120726 | |
124 | SAN DIEGO | CA | 92103 | 1 | 1 | 1130000.00 | 3 | 20120731 | |
125 | CARLSBAD | CA | 92011 | 7 | 1 | 820000.00 | 825000.00 | 3 | 20120726 |
126 | Encino | CA | 91436 | 1 | 1 | 965000.00 | 965000.00 | 3 | 20120802 |
127 | TARZANA | CA | 91356 | 1 | 1 | 975000.00 | 975000.00 | 3 | 20120807 |
128 | BELLEVUE | WA | 98004 | 1 | 1 | 1362000.00 | 1365000.00 | 3 | 20120815 |
129 | Rancho Palos Verdes | CA | 90275 | 1 | 1 | 1365000.00 | 3 | 20120717 | |
130 | Dallas | TX | 75214 | 1 | 1 | 1150000.00 | 3 | 20120514 | |
131 | Dallas | TX | 75230 | 1 | 2 | 1095000.00 | 1095000.00 | 3 | 20120703 |
132 | Dallas | TX | 75225 | 1 | 1 | 1225000.00 | 3 | 20120613 | |
133 | Dallas | TX | 75225 | 1 | 1 | 935000.00 | 935000.00 | 3 | 20120712 |
134 | University Park | TX | 75225 | 1 | 1 | 1145000.00 | 3 | 20120706 | |
135 | University Park | TX | 75205 | 12 | 1 | 705000.00 | 705000.00 | 3 | 20120818 |
136 | Dallas | TX | 75225 | 1 | 1 | 950000.00 | 3 | 20120803 | |
137 | University Park | TX | 75205 | 1 | 1 | 2000000.00 | 3 | 20120817 | |
138 | Dallas | TX | 75205 | 1 | 1 | 1570000.00 | 1575000.00 | 3 | 20120810 |
139 | LOS ALTOS HILLS | CA | 94022 | 1 | 1 | 2500000.00 | 3 | 20120724 | |
140 | Dallas | TX | 75214 | 1 | 1 | 725000.00 | 725000.00 | 3 | 20120724 |
141 | University Park | TX | 75225 | 1 | 1 | 1100000.00 | 1100000.00 | 3 | 20120713 |
142 | Austin | TX | 78746 | 7 | 1 | 1200000.00 | 3 | 20120614 | |
143 | Austin | TX | 78733 | 7 | 1 | 1145000.00 | 3 | 20120725 | |
144 | Cambridge | MA | 02138 | 1 | 1 | 1239350.00 | 1240000.00 | 3 | 20120715 |
145 | Andover | MA | 01810 | 1 | 1 | 844000.00 | 850000.00 | 3 | 20120814 |
146 | San Juan Capastrano | CA | 92675 | 7 | 1 | 998979.00 | 1000000.00 | 3 | 20120604 |
147 | PHOENIX | AZ | 85018 | 1 | 1 | 1200000.00 | 3 | 20120523 | |
148 | Belmont | NC | 28012 | 7 | 1 | 637500.00 | 640000.00 | 3 | 20120809 |
149 | Virginia Beach | VA | 23451 | 1 | 1 | 2000000.00 | 3 | 20120521 | |
150 | AUSTIN | TX | 78704 | 1 | 1 | 694000.00 | 3 | 20120728 | |
151 | Bridgehampton | NY | 11932 | 1 | 2 | 2700000.00 | 3 | 20120731 | |
152 | Scarsdale | NY | 10583 | 1 | 1 | 2130000.00 | 2150000.00 | 3 | 20120430 |
153 | New York | NY | 10021 | 2 | 1 | 830000.00 | 3 | 20120420 | |
154 | New York | NY | 10128 | 4 | 1 | 1520000.00 | 3 | 20120523 | |
155 | West Newton | MA | 02465 | 1 | 1 | 1600000.00 | 3 | 20120622 | |
156 | New York | NY | 10021 | 2 | 1 | 1900000.00 | 3 | 20120613 | |
157 | Hoboken | NJ | 07030 | 1 | 1 | 1400000.00 | 3 | 20120709 | |
158 | Brooklyn | NY | 11201 | 2 | 1 | 2750000.00 | 3 | 20120712 | |
159 | New York | NY | 10016 | 4 | 1 | 1200000.00 | 3 | 20120611 | |
160 | Rye Brook | NY | 10573 | 1 | 1 | 1175000.00 | 3 | 20120726 | |
161 | Pelham | NY | 10803 | 1 | 1 | 1125000.00 | 3 | 20120405 | |
162 | New Canaan | CT | 06840 | 1 | 1 | 1445000.00 | 3 | 20120608 | |
163 | DALLAS | TX | 75254 | 1 | 1 | 935000.00 | 960000.00 | 3 | 20120507 |
164 | SCOTTSDALE | AZ | 85262 | 7 | 1 | 2400000.00 | 3 | 20120327 | |
165 | PARADISE VALLEY | AZ | 85253 | 1 | 1 | 1425000.00 | 3 | 20120719 | |
166 | GILBERT | AZ | 85234 | 7 | 1 | 705000.00 | 705000.00 | 3 | 20120709 |
167 | APEX | NC | 27502 | 7 | 1 | 732000.00 | 732000.00 | 3 | 20120616 |
168 | RYE | NY | 10580 | 1 | 1 | 999999.00 | 1050000.00 | 3 | 20120524 |
169 | WATER MILL | NY | 11976 | 1 | 2 | 1350000.00 | 3 | 20120620 | |
170 | Loveland | CO | 80538 | 7 | 1 | 1100000.00 | 1100000.00 | 3 | 20120801 |
171 | FALLS CHURCH | VA | 22043 | 1 | 1 | 1320000.00 | 1410000.00 | 3 | 20120706 |
172 | LEWES | DE | 19958 | 1 | 1 | 1600000.00 | 3 | 20120507 | |
173 | REHOBOTH BEACH | DE | 19971 | 7 | 1 | 2000000.00 | 3 | 20120626 | |
174 | PIKE ROAD | AL | 36064 | 7 | 1 | 850000.00 | 3 | 20120614 | |
175 | RICHMOND | VA | 23221 | 7 | 1 | 1201500.00 | 3 | 20120727 | |
176 | SANTA ANA | CA | 92705 | 1 | 1 | 1250000.00 | 3 | 20120703 | |
177 | SANTA ROSA BEACH | FL | 32459 | 7 | 2 | 2628000.00 | 2800000.00 | 3 | 20120725 |
178 | PINEHURST | NC | 28374 | 7 | 1 | 1295000.00 | 3 | 20120504 | |
179 | CLEVELAND | MO | 64734 | 1 | 1 | 850000.00 | 3 | 20120529 | |
180 | MENLO PARK | CA | 94025 | 1 | 1 | 2400000.00 | 3 | 20120228 | |
181 | JOHNS CREEK | GA | 30022 | 7 | 1 | 945000.00 | 958000.00 | 3 | 20120622 |
182 | PROSPER | TX | 75078 | 7 | 1 | 715000.00 | 721000.00 | 3 | 20120627 |
183 | WESTLAKE | TX | 76262 | 7 | 1 | 1150000.00 | 1200000.00 | 3 | 20120713 |
184 | CINCINNATI | OH | 45208 | 1 | 1 | 880000.00 | 880000.00 | 3 | 20120805 |
185 | Los Angeles | CA | 90027 | 1 | 1 | 2500000.00 | 3 | 20120516 | |
186 | Bellevue | WA | 98006 | 7 | 1 | 775000.00 | 3 | 20120630 | |
187 | EL PASO | TX | 79912 | 1 | 1 | 1200000.00 | 3 | 20120627 | |
188 | HOUSTON | TX | 77098 | 7 | 1 | 1299900.00 | 1275000.00 | 3 | 20120720 |
189 | The Woodlands | TX | 77380 | 7 | 1 | 1025000.00 | 1050000.00 | 3 | 20120709 |
190 | HIGHLAND PARK | TX | 75205 | 1 | 1 | 1500000.00 | 3 | 20120628 | |
191 | NEWPORT BEACH | CA | 92660 | 1 | 1 | 1220000.00 | 1220000.00 | 3 | 20120713 |
192 | HERMOSA BEACH | CA | 90254 | 3 | 1 | 1305000.00 | 1305000.00 | 3 | 20120620 |
193 | Los Angeles | CA | 90048 | 1 | 1 | 1000000.00 | 1080000.00 | 3 | 20120615 |
194 | CUPERTINO | CA | 95014 | 1 | 1 | 1565000.00 | 3 | 20120613 | |
195 | PALO ALTO | CA | 94306 | 1 | 1 | 1387000.00 | 1385000.00 | 3 | 20120720 |
196 | SAN JOSE | CA | 95125 | 1 | 1 | 958000.00 | 970000.00 | 3 | 20120622 |
197 | Arnold | MD | 21012 | 1 | 1 | 2000000.00 | 3 | 20120517 | |
198 | SAN LUIS OBISPO | CA | 93401 | 1 | 1 | 1200000.00 | 3 | 20120531 | |
199 | Fort collins | CO | 80528 | 7 | 1 | 963400.00 | 965000.00 | 3 | 20120709 |
200 | Boulder | CO | 80303 | 1 | 1 | 1100000.00 | 3 | 20120616 | |
201 | Glenwood Springs | CO | 81601 | 7 | 1 | 815000.00 | 830000.00 | 3 | 20120717 |
202 | Seattle | WA | 98115 | 1 | 1 | 760000.00 | 765000.00 | 3 | 20120707 |
203 | Seattle | WA | 98103 | 1 | 1 | 1150000.00 | 3 | 20120619 | |
204 | Seattle | WA | 98144 | 1 | 1 | 1356000.00 | 3 | 20120723 | |
205 | SAN DIEGO | CA | 92107 | 1 | 1 | 1100000.00 | 3 | 20120511 | |
206 | SOUTH PASADENA | CA | 91030 | 13 | 1 | 1200000.00 | 3 | 20120612 | |
207 | LOS ALTOS | CA | 94024 | 1 | 1 | 1845000.00 | 3 | 20120611 | |
208 | SAN JOSE | CA | 95124 | 1 | 1 | 1150000.00 | 3 | 20120810 | |
209 | MORGAN HILL | CA | 95037 | 1 | 1 | 1780000.00 | 3 | 20120711 | |
210 | LOS ANGELES | CA | 90066 | 1 | 1 | 1135000.00 | 3 | 20120705 | |
211 | SARATOGA | CA | 95070 | 7 | 1 | 1179000.00 | 1179000.00 | 3 | 20120709 |
212 | VILLA PARK | CA | 92667 | 1 | 1 | 1475000.00 | 3 | 20120719 | |
213 | SHINGLE SPRINGS | CA | 95682 | 7 | 1 | 612500.00 | 640000.00 | 3 | 20120809 |
214 | GLENDALE | CA | 91206 | 1 | 1 | 970000.00 | 985000.00 | 3 | 20120820 |
215 | THOUSAND OAKS | CA | 91320 | 7 | 1 | 949000.00 | 950000.00 | 3 | 20120822 |
216 | LOS GATOS | CA | 95032 | 7 | 1 | 1501000.00 | 1501000.00 | 3 | 20120727 |
217 | KINGSVILLE | MD | 21087 | 7 | 1 | 650000.00 | 650000.00 | 3 | 20120605 |
218 | DALLAS | TX | 75230 | 1 | 1 | 1165000.00 | 3 | 20120521 | |
219 | DALLAS | TX | 75225 | 1 | 1 | 1145000.00 | 3 | 20120612 | |
220 | Albuquerque | NM | 87111 | 7 | 1 | 916500.00 | 3 | 20120709 | |
221 | ELLICOTT CITY | MD | 21042 | 7 | 1 | 1460349.00 | 1470000.00 | 3 | 20120723 |
222 | PORTOLA VALLEY | CA | 94028 | 1 | 1 | 1800000.00 | 3 | 20120220 | |
223 | DANVILLE | CA | 94506 | 7 | 1 | 1220000.00 | 3 | 20120313 | |
224 | SAN CLEMENTE | CA | 92672 | 1 | 1 | 1000000.00 | 3 | 20120502 | |
225 | ARLINGTON | VA | 22207 | 1 | 1 | 1375000.00 | 1375000.00 | 3 | 20120525 |
226 | ARVADA | CO | 80007 | 7 | 1 | 695000.00 | 699000.00 | 3 | 20120709 |
227 | RICHLAND | WA | 99352 | 7 | 1 | 590000.00 | 594100.00 | 3 | 20120716 |
228 | SAINT HELENA | CA | 94574 | 1 | 1 | 1275000.00 | 3 | 20120711 | |
229 | CARMEL | CA | 93923 | 1 | 2 | 1100000.00 | 3 | 20120801 | |
230 | SAN JOSE | CA | 95125 | 1 | 1 | 1153000.00 | 1175000.00 | 3 | 20120817 |
231 | Oxnard | CA | 93035 | 1 | 1 | 950000.00 | 961000.00 | 3 | 20120621 |
232 | Hood River | OR | 97031 | 1 | 1 | 880000.00 | 3 | 20120620 | |
233 | Medina | WA | 98039 | 1 | 1 | 4000000.00 | 3 | 20120808 | |
234 | Seattle | WA | 98136 | 1 | 1 | 830000.00 | 3 | 20120717 | |
235 | BELLAIRE | TX | 77401 | 1 | 1 | 980000.00 | 3 | 20120512 | |
236 | HIGHLAND PARK | TX | 75205 | 1 | 1 | 1207651.00 | 1275000.00 | 3 | 20120420 |
237 | DALLAS | TX | 75225 | 1 | 1 | 1650000.00 | 3 | 20120702 | |
238 | ARGYLE | TX | 76226 | 1 | 1 | 725000.00 | 3 | 20120731 | |
239 | DALLAS | TX | 75209 | 1 | 1 | 818681.00 | 865000.00 | 3 | 20120730 |
240 | SAN ANTONIO | TX | 78258 | 7 | 1 | 1550000.00 | 3 | 20120625 | |
241 | DALLAS | TX | 75230 | 1 | 1 | 1102000.00 | 3 | 20120605 | |
242 | SCOTTSDALE | AZ | 85260 | 7 | 1 | 1015000.00 | 1015000.00 | 3 | 20120522 |
243 | RENO | NV | 89511 | 7 | 1 | 1500000.00 | 3 | 20120618 | |
244 | CARROLLTON | TX | 75010 | 7 | 1 | 680000.00 | 98 | 20120716 | |
245 | UNIVERSITY PARK | TX | 75225 | 1 | 1 | 768000.00 | 764000.00 | 3 | 20120620 |
246 | COLLEYVILLE | TX | 76034 | 7 | 1 | 665000.00 | 672000.00 | 3 | 20120721 |
247 | DALLAS | TX | 75252 | 7 | 1 | 875000.00 | 900000.00 | 3 | 20120813 |
248 | WEST HARTFORD | CT | 06107 | 1 | 1 | 750000.00 | 3 | 20120726 | |
249 | NEW CANAAN | CT | 06840 | 1 | 1 | 2055000.00 | 3 | 20120607 | |
250 | ABILENE | TX | 79602 | 1 | 1 | 800000.00 | 945000.00 | 3 | 20120725 |
251 | NEWCASTLE | WA | 98056 | 1 | 1 | 670000.00 | 3 | 20120711 | |
252 | ODESSA | TX | 79765 | 7 | 1 | 1400000.00 | 3 | 20120702 | |
253 | VIRGINIA BEACH | VA | 23451 | 1 | 1 | 975000.00 | 3 | 20120703 | |
254 | FRANKLIN | TN | 37069 | 7 | 1 | 1250000.00 | 3 | 20120425 | |
255 | ATLANTA | GA | 30342 | 7 | 1 | 1350000.00 | 3 | 20120712 | |
256 | WINCHESTER | MA | 01890 | 1 | 1 | 1550000.00 | 3 | 20120611 | |
257 | DALLAS | TX | 75214 | 1 | 1 | 775000.00 | 3 | 20120523 | |
258 | SAN JUAN CAPISTRANO | CA | 92675 | 7 | 1 | 1189000.00 | 1189000.00 | 3 | 20120731 |
259 | CHATSWORTH | CA | 91311 | 1 | 1 | 950000.00 | 950000.00 | 3 | 20120526 |
260 | SCOTTSDALE | AZ | 85255 | 7 | 1 | 1015000.00 | 3 | 20120712 | |
261 | DALLAS | TX | 75225 | 1 | 1 | 1150000.00 | 1530000.00 | 3 | 20120705 |
262 | SUMMIT | NJ | 07901 | 1 | 1 | 1250000.00 | 1250000.00 | 3 | 20120514 |
263 | CHARLOTTE | NC | 28207 | 1 | 1 | 875000.00 | 886000.00 | 3 | 20120611 |
264 | ALBUQUERQUE | NM | 87111 | 7 | 1 | 810000.00 | 820000.00 | 3 | 20120726 |
265 | SAN DIEGO | CA | 92130 | 1 | 1 | 1175000.00 | 1175000.00 | 3 | 20120529 |
266 | AUSTIN | TX | 78746 | 7 | 1 | 1035000.00 | 1050000.00 | 3 | 20120713 |
267 | AUSTIN | TX | 78705 | 1 | 1 | 1090000.00 | 1125000.00 | 3 | 20120720 |
268 | HOUSTON | TX | 77024 | 7 | 1 | 1690000.00 | 1710000.00 | 3 | 20120717 |
269 | SPOKANE | WA | 99223 | 7 | 1 | 630000.00 | 3 | 20120626 | |
270 | AUSTIN | TX | 78734 | 7 | 1 | 1750000.00 | 1760000.00 | 3 | 20120723 |
271 | FULSHEAR | TX | 77441 | 7 | 1 | 766000.00 | 3 | 20120809 | |
272 | HIGHLAND PARK | TX | 75209 | 1 | 1 | 992000.00 | 3 | 20120730 | |
273 | roseville | CA | 95661 | 7 | 1 | 695000.00 | 720000.00 | 3 | 20120601 |
274 | West Linn | OR | 97068 | 1 | 1 | 992000.00 | 3 | 20120508 | |
275 | LAS VEGAS | NV | 89135 | 7 | 1 | 875000.00 | 875000.00 | 3 | 20120621 |
276 | HENDERSON | NV | 89052 | 7 | 1 | 1800000.00 | 3 | 20120504 | |
277 | YUBA CITY | CA | 95993 | 1 | 1 | 703000.00 | 3 | 20120423 | |
278 | BELLEVUE | WA | 98006 | 7 | 1 | 811000.00 | 820000.00 | 3 | 20120620 |
279 | LAKEWOOD | WA | 98499 | 1 | 1 | 1075000.00 | 1075000.00 | 3 | 20120731 |
280 | HENDERSON | NV | 89052 | 7 | 1 | 725000.00 | 750000.00 | 3 | 20120808 |
281 | SEATTLE | WA | 98136 | 1 | 1 | 1200000.00 | 1300000.00 | 3 | 20120712 |
282 | LAS VEGAS | NV | 89123 | 1 | 1 | 1000000.00 | 3 | 20120706 | |
283 | SEATTLE | WA | 98103 | 1 | 1 | 815000.00 | 815000.00 | 3 | 20120814 |
284 | SAN FRANCISCO | CA | 94114 | 14 | 1 | 1560000.00 | 1605000.00 | 3 | 20120319 |
285 | SAN FRANCISCO | CA | 94110 | 1 | 1 | 1350000.00 | 1350000.00 | 3 | 20120423 |
286 | NAPA | CA | 94558 | 1 | 1 | 1435000.00 | 1435000.00 | 3 | 20120613 |
287 | San Francisco | CA | 94109 | 2 | 1 | 1800000.00 | 3 | 20120202 | |
288 | Hillsborough | CA | 94010 | 1 | 1 | 2500000.00 | 3 | 20120201 | |
289 | SAN FRANCISCO | CA | 94114 | 1 | 1 | 2200000.00 | 3 | 20120131 | |
290 | SAN FRANCISCO | CA | 94114 | 1 | 1 | 1725000.00 | 3 | 20120224 | |
291 | SAN FRANCISCO | CA | 94109 | 2 | 1 | 1850000.00 | 3 | 20120416 | |
292 | SAN CARLOS | CA | 94070 | 1 | 1 | 1050000.00 | 3 | 20120306 | |
293 | MILL VALLEY | CA | 94941 | 1 | 1 | 1750000.00 | 1750000.00 | 3 | 20120326 |
294 | ALAMO | CA | 94507 | 1 | 1 | 1500000.00 | 1530000.00 | 3 | 20120224 |
295 | SAN FRANCISCO | CA | 94122 | 1 | 1 | 821000.00 | 821000.00 | 3 | 20120223 |
296 | SAN FRANCISCO | CA | 94110 | 13 | 3 | 855000.00 | 855000.00 | 3 | 20120228 |
297 | SAN FRANCISCO | CA | 94121 | 1 | 1 | 1125000.00 | 1125000.00 | 3 | 20120305 |
298 | Mill Valley | CA | 94941 | 1 | 1 | 1325000.00 | 3 | 20120328 | |
299 | BELVEDERE | CA | 94920 | 1 | 1 | 2850000.00 | 3 | 20120328 | |
300 | Lafayette | CA | 94549 | 1 | 1 | 1475000.00 | 1550000.00 | 3 | 20120308 |
301 | SAN FRANCISCO | CA | 94123 | 13 | 1 | 1620000.00 | 1620000.00 | 3 | 20120307 |
302 | SAN FRANCISCO | CA | 94131 | 1 | 1 | 1950000.00 | 3 | 20120424 | |
303 | SAN FRANCISCO | CA | 94122 | 1 | 3 | 1550000.00 | 3 | 20120323 | |
304 | MILL VALLEY | CA | 94941 | 3 | 1 | 1160000.00 | 3 | 20120402 | |
305 | SAN FRANCISCO | CA | 94122 | 1 | 1 | 1050000.00 | 1050000.00 | 3 | 20120314 |
306 | SAN FRANCISCO | CA | 94115 | 3 | 1 | 1430000.00 | 3 | 20120413 | |
307 | SAN FRANCISCO | CA | 94114 | 1 | 1 | 1850000.00 | 3 | 20120410 | |
308 | MENLO PARK | CA | 94025 | 1 | 1 | 1100000.00 | 3 | 20120402 | |
309 | TIBURON | CA | 94920 | 1 | 1 | 1195000.00 | 1195000.00 | 3 | 20120326 |
310 | SAN FRANCSICO | CA | 94109 | 3 | 1 | 1200000.00 | 1210000.00 | 3 | 20120323 |
311 | SAN MATEO | CA | 94402 | 1 | 1 | 1700000.00 | 3 | 20120404 | |
312 | SAN FRANCISCO | CA | 94118 | 1 | 1 | 2000000.00 | 3 | 20120427 | |
313 | GROTON | CT | 06340 | 1 | 2 | 980000.00 | 3 | 20120414 | |
314 | Orinda | CA | 94563 | 1 | 1 | 1700000.00 | 3 | 20120413 | |
315 | SAN FRANCISCO | CA | 94115 | 3 | 1 | 1342000.00 | 1350000.00 | 3 | 20120403 |
316 | PIEDMONT | CA | 94611 | 1 | 1 | 1400000.00 | 1400000.00 | 3 | 20120402 |
317 | SAN FRANCISCO | CA | 94116 | 1 | 1 | 1400000.00 | 3 | 20120416 | |
318 | SAN FRANCISCO | CA | 94127 | 1 | 1 | 1760000.00 | 1765000.00 | 3 | 20120413 |
319 | MENLO PARK | CA | 94025 | 1 | 1 | 1705000.00 | 1705000.00 | 3 | 20120411 |
320 | Alamo | CA | 94507 | 1 | 1 | 1800000.00 | 3 | 20120518 | |
321 | SAN FRANCISCO | CA | 94109 | 3 | 1 | 1095000.00 | 1095000.00 | 3 | 20120410 |
322 | San Francisco | CA | 94123 | 3 | 1 | 3500000.00 | 3 | 20120521 | |
323 | Alamo | CA | 94507 | 1 | 1 | 1600000.00 | 3 | 20120515 | |
324 | GREENBRAE | CA | 94904 | 1 | 1 | 1495000.00 | 1495000.00 | 3 | 20120420 |
325 | SAN FRANCISCO | CA | 94108 | 4 | 1 | 850000.00 | 850000.00 | 3 | 20120416 |
326 | PIEDMONT | CA | 94611 | 1 | 1 | 1950000.00 | 3 | 20120518 | |
327 | TIBURON | CA | 94920 | 1 | 1 | 1700000.00 | 1700000.00 | 3 | 20120423 |
328 | HILLSBOROUGH | CA | 94010 | 1 | 1 | 2820000.00 | 2850000.00 | 3 | 20120427 |
329 | BOSTON | MA | 02135 | 14 | 3 | 1300000.00 | 3 | 20120501 | |
330 | BURLINGAME | CA | 94010 | 1 | 1 | 1100000.00 | 3 | 20120523 | |
331 | MENLO PARK | CA | 94025 | 1 | 1 | 2100000.00 | 2100000.00 | 3 | 20120424 |
332 | SAN MARTIN | CA | 95046 | 1 | 1 | 1000000.00 | 3 | 20120524 | |
333 | New York | NY | 10024 | 2 | 1 | 985000.00 | 985000.00 | 3 | 20120522 |
334 | ALAMO | CA | 94507 | 1 | 1 | 1078000.00 | 1078000.00 | 3 | 20120526 |
335 | SAN FRANCISCO | CA | 94118 | 1 | 1 | 1217531.00 | 1200000.00 | 3 | 20120605 |
336 | CAMBRIDGE | MA | 02138 | 13 | 3 | 1050000.00 | 3 | 20120625 | |
337 | LOS ANGELES | CA | 90004 | 1 | 1 | 2200000.00 | 3 | 20120613 | |
338 | DANVILLE | CA | 94526 | 7 | 1 | 1850000.00 | 1850000.00 | 3 | 20120611 |
339 | NAPA | CA | 94558 | 1 | 1 | 2400000.00 | 3 | 20120622 | |
340 | LOS ANGELES ENCINO AREA | CA | 91316 | 1 | 1 | 2000000.00 | 3 | 20120705 | |
341 | LAFAYETTE | CA | 94549 | 1 | 1 | 1200000.00 | 3 | 20120625 | |
342 | MANHATTAN BEACH | CA | 90266 | 1 | 1 | 2100000.00 | 3 | 20120702 | |
343 | SAN RAFAEL | CA | 94903 | 1 | 1 | 1010000.00 | 1010000.00 | 3 | 20120628 |
344 | Pacific Grove | CA | 93950 | 1 | 1 | 1200000.00 | 3 | 20120703 | |
345 | SANTA BARBARA | CA | 93103 | 1 | 1 | 3300000.00 | 3 | 20120711 | |
346 | DANVILLE | CA | 94506 | 7 | 1 | 1695000.00 | 1695000.00 | 3 | 20120626 |
347 | WELLESLEY | MA | 02481 | 1 | 1 | 2575000.00 | 3 | 20120710 | |
348 | PALO ALTO | CA | 94301 | 13 | 3 | 2445000.00 | 2445000.00 | 3 | 20120626 |
349 | MILL VALLEY | CA | 94941 | 1 | 1 | 1250000.00 | 3 | 20120706 | |
350 | BOSTON | MA | 02109 | 4 | 1 | 1800000.00 | 1825000.00 | 3 | 20120710 |
351 | HALF MOON BAY | CA | 94019 | 1 | 1 | 1150000.00 | 3 | 20120716 | |
352 | MILL VALLEY | CA | 94941 | 1 | 1 | 1350000.00 | 3 | 20120706 | |
353 | HINGHAM | MA | 02043 | 1 | 1 | 1150000.00 | 1150000.00 | 3 | 20120711 |
354 | MONTAUK | NY | 11954 | 1 | 2 | 825000.00 | 3 | 20120726 | |
355 | LOS ANGELES | CA | 90046 | 1 | 1 | 1475000.00 | 1475000.00 | 3 | 20120710 |
356 | SAN FRANCISCO | CA | 94131 | 1 | 1 | 1580000.00 | 1580000.00 | 3 | 20120705 |
357 | PORTOLA VALLEY | CA | 94028 | 1 | 1 | 2895000.00 | 2895000.00 | 3 | 20120712 |
358 | NEWPORT BEACH | CA | 92657 | 7 | 1 | 1170000.00 | 1170000.00 | 3 | 20120711 |
359 | DARIEN | CT | 06820 | 1 | 1 | 2585000.00 | 2585000.00 | 3 | 20120808 |
360 | SAN FRANCISCO | CA | 94131 | 1 | 1 | 1250000.00 | 1250000.00 | 3 | 20120727 |
361 | SAN FRANCISCO | CA | 94118 | 1 | 1 | 2200000.00 | 2200000.00 | 3 | 20120727 |
362 | SARATOGA | CA | 95070 | 1 | 1 | 1650000.00 | 1650000.00 | 3 | 20120801 |
363 | Hinsdale | IL | 60521 | 1 | 1 | 750000.00 | 3 | 20120611 | |
364 | Dayton | MD | 21036 | 7 | 1 | 850000.00 | 850000.00 | 3 | 20120710 |
365 | Gardnerville | NV | 89410 | 1 | 1 | 865000.00 | 900000.00 | 3 | 20120629 |
366 | Wayland | MA | 01778 | 1 | 1 | 3250000.00 | 3250000.00 | 3 | 20120810 |
367 | Seattle | WA | 98115 | 1 | 1 | 1210000.00 | 1270000.00 | 3 | 20120802 |
368 | San Jose | CA | 95129 | 1 | 1 | 1088800.00 | 1145000.00 | 3 | 20120718 |
369 | St. Louis | MO | 63141 | 1 | 1 | 818000.00 | 3 | 20120625 | |
370 | MONTGOMERY | TX | 77356 | 7 | 1 | 801000.00 | 3 | 20120801 | |
371 | Austin | TX | 78701 | 4 | 1 | 743000.00 | 765000.00 | 3 | 20120815 |
372 | Newton | MA | 02456 | 1 | 1 | 2990000.00 | 2875000.00 | 3 | 20120702 |
373 | El Paso | TX | 79922 | 7 | 1 | 720000.00 | 3 | 20120626 | |
374 | Clinton | WA | 98236 | 1 | 1 | 1000000.00 | 3 | 20120816 | |
375 | Brooklyn | NY | 11217 | 13 | 1 | 2700000.00 | 3 | 20120509 | |
376 | New York | NY | 10011 | 4 | 1 | 1335000.00 | 3 | 20120517 | |
377 | BERLIN | MD | 21811 | 1 | 2 | 875000.00 | 3 | 20120430 | |
378 | ARNOLD | MD | 21012 | 7 | 1 | 1550000.00 | 3 | 20120703 | |
379 | manhattan beach | CA | 90266 | 1 | 1 | 1455000.00 | 1455000.00 | 3 | 20120725 |
380 | LOS ANGELES | CA | 91387 | 1 | 1 | 1200000.00 | 3 | 20120706 | |
381 | LAGUNA NIGUEL | CA | 92677 | 7 | 1 | 1800000.00 | 3 | 20120720 | |
382 | WASHINGTON | DC | 20007 | 1 | 3 | 1275000.00 | 1300000.00 | 3 | 20120604 |
383 | NEW ALBANY | OH | 43054 | 7 | 1 | 860000.00 | 3 | 20120504 | |
384 | DARIEN | CT | 06820 | 1 | 1 | 1925000.00 | 1925000.00 | 3 | 20120814 |
385 | ATLANTA | GA | 30305 | 1 | 1 | 1650000.00 | 3 | 20120612 | |
386 | LOOMIS | CA | 95650 | 1 | 1 | 1225000.00 | 3 | 20120628 | |
387 | LOS ALTOS | CA | 94022 | 1 | 1 | 1810000.00 | 3 | 20120626 | |
388 | MENDOCINO | CA | 95460 | 1 | 1 | 855000.00 | 3 | 20120619 | |
389 | MADISON | CT | 06443 | 1 | 2 | 675000.00 | 675000.00 | 3 | 20120709 |
390 | ORO VALLEY | AZ | 85742 | 1 | 1 | 728000.00 | 730000.00 | 3 | 20120805 |
129 | 130 | 131 | 132 | 133 | 134 | 135 | 136 | 137 | 138 | 139 | 140 | |
Original
Automated Valuation Model (AVM) Model Name |
Original
AVM Confidence Score |
Most
Recent Property Value2 |
Most
Recent Property Valuation Type |
Most
Recent Property Valuation Date |
Most
Recent AVM Model Name |
Most
Recent AVM Confidence Score |
Original CLTV | Original LTV | Original
Pledged Assets |
Mortgage
Insurance Company Name |
Mortgage
Insurance Percent | |
1 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
2 | 0.7272 | 0.7272 | 0 | 0 | 0 | |||||||
3 | 0.6482 | 0.6482 | 0 | 0 | 0 | |||||||
4 | 0.4354 | 0.4354 | 0 | 0 | 0 | |||||||
5 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
6 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
7 | 0.6906 | 0.6906 | 0 | 0 | 0 | |||||||
8 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
9 | 0.5128 | 0.5128 | 0 | 0 | 0 | |||||||
10 | 0.6557 | 0.6557 | 0 | 0 | 0 | |||||||
11 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
12 | 0.7935 | 0.7935 | 0 | 0 | 0 | |||||||
13 | 0.6661 | 0.6661 | 0 | 0 | 0 | |||||||
14 | 0.7879 | 0.7879 | 0 | 0 | 0 | |||||||
15 | 0.7957 | 0.7957 | 0 | 0 | 0 | |||||||
16 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
17 | 0.7794 | 0.7794 | 0 | 0 | 0 | |||||||
18 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
19 | 0.7913 | 0.7913 | 0 | 0 | 0 | |||||||
20 | 0.5333 | 0.5333 | 0 | 0 | 0 | |||||||
21 | 0.7145 | 0.7145 | 0 | 0 | 0 | |||||||
22 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
23 | 0.6500 | 0.6500 | 0 | 0 | 0 | |||||||
24 | 0.6013 | 0.6013 | 0 | 0 | 0 | |||||||
25 | 0.6000 | 0.6000 | 0 | 0 | 0 | |||||||
26 | 0.6448 | 0.6448 | 0 | 0 | 0 | |||||||
27 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
28 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
29 | 0.6985 | 0.6985 | 0 | 0 | 0 | |||||||
30 | 0.7000 | 0.7000 | 0 | 0 | 0 | |||||||
31 | 0.7733 | 0.7733 | 0 | 0 | 0 | |||||||
32 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
33 | 0.7000 | 0.7000 | 0 | 0 | 0 | |||||||
34 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
35 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
36 | 0.6607 | 0.6607 | 0 | 0 | 0 | |||||||
37 | 0.6763 | 0.6763 | 0 | 0 | 0 | |||||||
38 | 0.7579 | 0.7579 | 0 | 0 | 0 | |||||||
39 | 0.5533 | 0.5533 | 0 | 0 | 0 | |||||||
40 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
41 | 0.5614 | 0.5614 | 0 | 0 | 0 | |||||||
42 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
43 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
44 | 0.7692 | 0.7692 | 0 | 0 | 0 | |||||||
45 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
46 | 0.7000 | 0.7000 | 0 | 0 | 0 | |||||||
47 | 0.6418 | 0.6418 | 0 | 0 | 0 | |||||||
48 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
49 | 0.8000 | 0.7306 | 0 | 0 | 0 | |||||||
50 | 0.4810 | 0.4810 | 0 | 0 | 0 | |||||||
51 | 0.6500 | 0.6500 | 0 | 0 | 0 | |||||||
52 | 0.7848 | 0.7848 | 0 | 0 | 0 | |||||||
53 | 0.5882 | 0.5882 | 0 | 0 | 0 | |||||||
54 | 0.7400 | 0.7400 | 0 | 0 | 0 | |||||||
55 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
56 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
57 | 0.6092 | 0.6092 | 0 | 0 | 0 | |||||||
58 | 0.6500 | 0.6500 | 0 | 0 | 0 | |||||||
59 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
60 | 0.4955 | 0.4955 | 0 | 0 | 0 | |||||||
61 | 0.5737 | 0.5737 | 0 | 0 | 0 | |||||||
62 | 0.6800 | 0.6800 | 0 | 0 | 0 | |||||||
63 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
64 | 0.5919 | 0.5919 | 0 | 0 | 0 | |||||||
65 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
66 | 0.6041 | 0.6041 | 0 | 0 | 0 | |||||||
67 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
68 | 0.6315 | 0.6315 | 0 | 0 | 0 | |||||||
69 | 0.7215 | 0.7215 | 0 | 0 | 0 | |||||||
70 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
71 | 0.2788 | 0.2788 | 0 | 0 | 0 | |||||||
72 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
73 | 0.7695 | 0.7695 | 0 | 0 | 0 | |||||||
74 | 0.6500 | 0.6500 | 0 | 0 | 0 | |||||||
75 | 0.3532 | 0.3532 | 0 | 0 | 0 | |||||||
76 | 0.5714 | 0.3809 | 0 | 0 | 0 | |||||||
77 | 0.7827 | 0.7827 | 0 | 0 | 0 | |||||||
78 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
79 | 0.6578 | 0.5263 | 0 | 0 | 0 | |||||||
80 | 0.7880 | 0.7395 | 0 | 0 | 0 | |||||||
81 | 0.5094 | 0.5094 | 0 | 0 | 0 | |||||||
82 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
83 | 0.5590 | 0.5590 | 0 | 0 | 0 | |||||||
84 | 0.7000 | 0.7000 | 0 | 0 | 0 | |||||||
85 | 0.7894 | 0.7894 | 0 | 0 | 0 | |||||||
86 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
87 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
88 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
89 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
90 | 0.5781 | 0.5781 | 0 | 0 | 0 | |||||||
91 | 0.7000 | 0.7000 | 0 | 0 | 0 | |||||||
92 | 0.5580 | 0.5580 | 0 | 0 | 0 | |||||||
93 | 0.6187 | 0.5553 | 0 | 0 | 0 | |||||||
94 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
95 | 0.6779 | 0.6779 | 0 | 0 | 0 | |||||||
96 | 0.7000 | 0.7000 | 0 | 0 | 0 | |||||||
97 | 0.7843 | 0.7843 | 0 | 0 | 0 | |||||||
98 | 0.7888 | 0.7888 | 0 | 0 | 0 | |||||||
99 | 0.7541 | 0.7541 | 0 | 0 | 0 | |||||||
100 | 0.7983 | 0.7983 | 0 | 0 | 0 | |||||||
101 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
102 | 0.3434 | 0.3434 | 0 | 0 | 0 | |||||||
103 | 0.6500 | 0.6500 | 0 | 0 | 0 | |||||||
104 | 0.7816 | 0.7816 | 0 | 0 | 0 | |||||||
105 | 0.6000 | 0.6000 | 0 | 0 | 0 | |||||||
106 | 0.7240 | 0.7240 | 0 | 0 | 0 | |||||||
107 | 0.7142 | 0.7142 | 0 | 0 | 0 | |||||||
108 | 0.6145 | 0.6145 | 0 | 0 | 0 | |||||||
109 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
110 | 0.5947 | 0.5947 | 0 | 0 | 0 | |||||||
111 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
112 | 0.7300 | 0.7300 | 0 | 0 | 0 | |||||||
113 | 0.7000 | 0.7000 | 0 | 0 | 0 | |||||||
114 | 0.7034 | 0.7034 | 0 | 0 | 0 | |||||||
115 | 0.6500 | 0.6500 | 0 | 0 | 0 | |||||||
116 | 0.5727 | 0.5727 | 0 | 0 | 0 | |||||||
117 | 0.7970 | 0.7970 | 0 | 0 | 0 | |||||||
118 | 0.7792 | 0.7792 | 0 | 0 | 0 | |||||||
119 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
120 | 0.6684 | 0.6684 | 0 | 0 | 0 | |||||||
121 | 0.7916 | 0.7916 | 0 | 0 | 0 | |||||||
122 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
123 | 0.5037 | 0.5037 | 0 | 0 | 0 | |||||||
124 | 0.6000 | 0.6000 | 0 | 0 | 0 | |||||||
125 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
126 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
127 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
128 | 0.5822 | 0.5822 | 0 | 0 | 0 | |||||||
129 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
130 | 0.6617 | 0.6617 | 0 | 0 | 0 | |||||||
131 | 0.5433 | 0.5433 | 0 | 0 | 0 | |||||||
132 | 0.6591 | 0.6591 | 0 | 0 | 0 | |||||||
133 | 0.6000 | 0.6000 | 0 | 0 | 0 | |||||||
134 | 0.5050 | 0.5050 | 0 | 0 | 0 | |||||||
135 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
136 | 0.7404 | 0.7404 | 0 | 0 | 0 | |||||||
137 | 0.4940 | 0.4940 | 0 | 0 | 0 | |||||||
138 | 0.7000 | 0.7000 | 0 | 0 | 0 | |||||||
139 | 0.3096 | 0.3096 | 0 | 0 | 0 | |||||||
140 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
141 | 0.5909 | 0.5909 | 0 | 0 | 0 | |||||||
142 | 0.7493 | 0.7493 | 0 | 0 | 0 | |||||||
143 | 0.6528 | 0.6528 | 0 | 0 | 0 | |||||||
144 | 0.5648 | 0.5648 | 0 | 0 | 0 | |||||||
145 | 0.7000 | 0.7000 | 0 | 0 | 0 | |||||||
146 | 0.6957 | 0.6957 | 0 | 0 | 0 | |||||||
147 | 0.6500 | 0.6500 | 0 | 0 | 0 | |||||||
148 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
149 | 0.4995 | 0.4995 | 0 | 0 | 0 | |||||||
150 | 0.7844 | 0.7844 | 0 | 0 | 0 | |||||||
151 | 0.4851 | 0.3000 | 0 | 0 | 0 | |||||||
152 | 0.4694 | 0.4694 | 0 | 0 | 0 | |||||||
153 | 0.7720 | 0.7720 | 0 | 0 | 0 | |||||||
154 | 0.5559 | 0.5559 | 0 | 0 | 0 | |||||||
155 | 0.6250 | 0.6250 | 0 | 0 | 0 | |||||||
156 | 0.5157 | 0.5157 | 0 | 0 | 0 | |||||||
157 | 0.7985 | 0.6557 | 0 | 0 | 0 | |||||||
158 | 0.2512 | 0.2512 | 0 | 0 | 0 | |||||||
159 | 0.5933 | 0.5933 | 0 | 0 | 0 | |||||||
160 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
161 | 0.6400 | 0.6400 | 0 | 0 | 0 | |||||||
162 | 0.6920 | 0.6920 | 0 | 0 | 0 | |||||||
163 | 0.6598 | 0.6598 | 0 | 0 | 0 | |||||||
164 | 0.6458 | 0.6458 | 0 | 0 | 0 | |||||||
165 | 0.7462 | 0.7462 | 0 | 0 | 0 | |||||||
166 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
167 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
168 | 0.7999 | 0.7999 | 0 | 0 | 0 | |||||||
169 | 0.5743 | 0.5743 | 0 | 0 | 0 | |||||||
170 | 0.5909 | 0.5909 | 0 | 0 | 0 | |||||||
171 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
172 | 0.3906 | 0.3906 | 0 | 0 | 0 | |||||||
173 | 0.5325 | 0.5325 | 0 | 0 | 0 | |||||||
174 | 0.7147 | 0.7147 | 0 | 0 | 0 | |||||||
175 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
176 | 0.6856 | 0.6856 | 0 | 0 | 0 | |||||||
177 | 0.5707 | 0.5707 | 0 | 0 | 0 | |||||||
178 | 0.6872 | 0.6108 | 0 | 0 | 0 | |||||||
179 | 0.6964 | 0.6964 | 0 | 0 | 0 | |||||||
180 | 0.5860 | 0.5860 | 0 | 0 | 0 | |||||||
181 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
182 | 0.6783 | 0.6783 | 0 | 0 | 0 | |||||||
183 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
184 | 0.6363 | 0.6363 | 0 | 0 | 0 | |||||||
185 | 0.5040 | 0.5040 | 0 | 0 | 0 | |||||||
186 | 0.7406 | 0.7406 | 0 | 0 | 0 | |||||||
187 | 0.7984 | 0.7984 | 0 | 0 | 0 | |||||||
188 | 0.5490 | 0.5490 | 0 | 0 | 0 | |||||||
189 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
190 | 0.5880 | 0.5213 | 0 | 0 | 0 | |||||||
191 | 0.7786 | 0.7786 | 0 | 0 | 0 | |||||||
192 | 0.6168 | 0.6168 | 0 | 0 | 0 | |||||||
193 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
194 | 0.6837 | 0.6837 | 0 | 0 | 0 | |||||||
195 | 0.6500 | 0.6500 | 0 | 0 | 0 | |||||||
196 | 0.7995 | 0.7995 | 0 | 0 | 0 | |||||||
197 | 0.4865 | 0.4865 | 0 | 0 | 0 | |||||||
198 | 0.5833 | 0.5833 | 0 | 0 | 0 | |||||||
199 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
200 | 0.7777 | 0.5504 | 0 | 0 | 0 | |||||||
201 | 0.7000 | 0.7000 | 0 | 0 | 0 | |||||||
202 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
203 | 0.7352 | 0.6617 | 0 | 0 | 0 | |||||||
204 | 0.6953 | 0.6953 | 0 | 0 | 0 | |||||||
205 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
206 | 0.7000 | 0.7000 | 0 | 0 | 0 | |||||||
207 | 0.5680 | 0.3783 | 0 | 0 | 0 | |||||||
208 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
209 | 0.7275 | 0.7275 | 0 | 0 | 0 | |||||||
210 | 0.7048 | 0.7048 | 0 | 0 | 0 | |||||||
211 | 0.7158 | 0.7158 | 0 | 0 | 0 | |||||||
212 | 0.6779 | 0.6779 | 0 | 0 | 0 | |||||||
213 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
214 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
215 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
216 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
217 | 0.7846 | 0.7846 | 0 | 0 | 0 | |||||||
218 | 0.7974 | 0.7974 | 0 | 0 | 0 | |||||||
219 | 0.5406 | 0.5406 | 0 | 0 | 0 | |||||||
220 | 0.6585 | 0.6585 | 0 | 0 | 0 | |||||||
221 | 0.7499 | 0.7499 | 0 | 0 | 0 | |||||||
222 | 0.5213 | 0.5213 | 0 | 0 | 0 | |||||||
223 | 0.7059 | 0.7059 | 0 | 0 | 0 | |||||||
224 | 0.6746 | 0.6746 | 0 | 0 | 0 | |||||||
225 | 0.7090 | 0.7090 | 0 | 0 | 0 | |||||||
226 | 0.7841 | 0.7841 | 0 | 0 | 0 | |||||||
227 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
228 | 0.5151 | 0.5151 | 0 | 0 | 0 | |||||||
229 | 0.5956 | 0.5956 | 0 | 0 | 0 | |||||||
230 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
231 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
232 | 0.7261 | 0.7261 | 0 | 0 | 0 | |||||||
233 | 0.4954 | 0.4954 | 0 | 0 | 0 | |||||||
234 | 0.7469 | 0.7469 | 0 | 0 | 0 | |||||||
235 | 0.6051 | 0.6051 | 0 | 0 | 0 | |||||||
236 | 0.4968 | 0.4968 | 0 | 0 | 0 | |||||||
237 | 0.6896 | 0.6896 | 0 | 0 | 0 | |||||||
238 | 0.7213 | 0.7213 | 0 | 0 | 0 | |||||||
239 | 0.7499 | 0.7499 | 0 | 0 | 0 | |||||||
240 | 0.4529 | 0.4529 | 0 | 0 | 0 | |||||||
241 | 0.5867 | 0.5867 | 0 | 0 | 0 | |||||||
242 | 0.7980 | 0.7980 | 0 | 0 | 0 | |||||||
243 | 0.6295 | 0.6295 | 0 | 0 | 0 | |||||||
244 | 0.7985 | 0.7985 | 0 | 0 | 0 | |||||||
245 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
246 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
247 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
248 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
249 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
250 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
251 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
252 | 0.3492 | 0.3492 | 0 | 0 | 0 | |||||||
253 | 0.7282 | 0.7282 | 0 | 0 | 0 | |||||||
254 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
255 | 0.6777 | 0.6777 | 0 | 0 | 0 | |||||||
256 | 0.6290 | 0.6290 | 0 | 0 | 0 | |||||||
257 | 0.6390 | 0.6390 | 0 | 0 | 0 | |||||||
258 | 0.7443 | 0.7443 | 0 | 0 | 0 | |||||||
259 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
260 | 0.7083 | 0.7083 | 0 | 0 | 0 | |||||||
261 | 0.7391 | 0.7391 | 0 | 0 | 0 | |||||||
262 | 0.6400 | 0.6400 | 0 | 0 | 0 | |||||||
263 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
264 | 0.7407 | 0.7407 | 0 | 0 | 0 | |||||||
265 | 0.5744 | 0.5744 | 0 | 0 | 0 | |||||||
266 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
267 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
268 | 0.5911 | 0.5911 | 0 | 0 | 0 | |||||||
269 | 0.7292 | 0.7292 | 0 | 0 | 0 | |||||||
270 | 0.5714 | 0.5714 | 0 | 0 | 0 | |||||||
271 | 0.7387 | 0.7387 | 0 | 0 | 0 | |||||||
272 | 0.6035 | 0.6035 | 0 | 0 | 0 | |||||||
273 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
274 | 0.6360 | 0.4848 | 0 | 0 | 0 | |||||||
275 | 0.7428 | 0.7428 | 0 | 0 | 0 | |||||||
276 | 0.5000 | 0.5000 | 0 | 0 | 0 | |||||||
277 | 0.7112 | 0.7112 | 0 | 0 | 0 | |||||||
278 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
279 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
280 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
281 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
282 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
283 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
284 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
285 | 0.7000 | 0.7000 | 0 | 0 | 0 | |||||||
286 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
287 | 0.5866 | 0.5866 | 0 | 0 | 0 | |||||||
288 | 0.5700 | 0.3700 | 0 | 0 | 0 | |||||||
289 | 0.6977 | 0.6522 | 0 | 0 | 0 | |||||||
290 | 0.4637 | 0.4637 | 0 | 0 | 0 | |||||||
291 | 0.2837 | 0.2837 | 0 | 0 | 0 | |||||||
292 | 0.7500 | 0.7333 | 0 | 0 | 0 | |||||||
293 | 0.6285 | 0.5142 | 0 | 0 | 0 | |||||||
294 | 0.6666 | 0.6666 | 0 | 0 | 0 | |||||||
295 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
296 | 0.7000 | 0.7000 | 0 | 0 | 0 | |||||||
297 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
298 | 0.6188 | 0.6188 | 0 | 0 | 0 | |||||||
299 | 0.3764 | 0.3063 | 0 | 0 | 0 | |||||||
300 | 0.7457 | 0.7457 | 0 | 0 | 0 | |||||||
301 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
302 | 0.3769 | 0.3769 | 0 | 0 | 0 | |||||||
303 | 0.5808 | 0.5808 | 0 | 0 | 0 | |||||||
304 | 0.7379 | 0.7379 | 0 | 0 | 0 | |||||||
305 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
306 | 0.6293 | 0.6293 | 0 | 0 | 0 | |||||||
307 | 0.4648 | 0.3837 | 0 | 0 | 0 | |||||||
308 | 0.6545 | 0.6545 | 0 | 0 | 0 | |||||||
309 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
310 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
311 | 0.6470 | 0.6470 | 0 | 0 | 0 | |||||||
312 | 0.6450 | 0.6450 | 0 | 0 | 0 | |||||||
313 | 0.6938 | 0.6938 | 0 | 0 | 0 | |||||||
314 | 0.7288 | 0.6700 | 0 | 0 | 0 | |||||||
315 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
316 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
317 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
318 | 0.8000 | 0.5454 | 0 | 0 | 0 | |||||||
319 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
320 | 0.5000 | 0.4444 | 0 | 0 | 0 | |||||||
321 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
322 | 0.3142 | 0.3142 | 0 | 0 | 0 | |||||||
323 | 0.6718 | 0.6718 | 0 | 0 | 0 | |||||||
324 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
325 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
326 | 0.5384 | 0.4871 | 0 | 0 | 0 | |||||||
327 | 0.7058 | 0.7058 | 0 | 0 | 0 | |||||||
328 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
329 | 0.6230 | 0.6230 | 0 | 0 | 0 | |||||||
330 | 0.6500 | 0.6500 | 0 | 0 | 0 | |||||||
331 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
332 | 0.7100 | 0.7100 | 0 | 0 | 0 | |||||||
333 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
334 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
335 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
336 | 0.6000 | 0.5257 | 0 | 0 | 0 | |||||||
337 | 0.5068 | 0.3931 | 0 | 0 | 0 | |||||||
338 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
339 | 0.6197 | 0.4114 | 0 | 0 | 0 | |||||||
340 | 0.4300 | 0.4300 | 0 | 0 | 0 | |||||||
341 | 0.6375 | 0.6375 | 0 | 0 | 0 | |||||||
342 | 0.3442 | 0.3442 | 0 | 0 | 0 | |||||||
343 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
344 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
345 | 0.3030 | 0.3030 | 0 | 0 | 0 | |||||||
346 | 0.7728 | 0.7728 | 0 | 0 | 0 | |||||||
347 | 0.6213 | 0.6213 | 0 | 0 | 0 | |||||||
348 | 0.6000 | 0.6000 | 0 | 0 | 0 | |||||||
349 | 0.5680 | 0.5680 | 0 | 0 | 0 | |||||||
350 | 0.6000 | 0.6000 | 0 | 0 | 0 | |||||||
351 | 0.7043 | 0.7043 | 0 | 0 | 0 | |||||||
352 | 0.7125 | 0.7125 | 0 | 0 | 0 | |||||||
353 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
354 | 0.5666 | 0.5666 | 0 | 0 | 0 | |||||||
355 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
356 | 0.6329 | 0.6329 | 0 | 0 | 0 | |||||||
357 | 0.6908 | 0.3454 | 0 | 0 | 0 | |||||||
358 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
359 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
360 | 0.6800 | 0.6800 | 0 | 0 | 0 | |||||||
361 | 0.5681 | 0.5681 | 0 | 0 | 0 | |||||||
362 | 0.7121 | 0.7121 | 0 | 0 | 0 | |||||||
363 | 0.7453 | 0.7453 | 0 | 0 | 0 | |||||||
364 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
365 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
366 | 0.7000 | 0.7000 | 0 | 0 | 0 | |||||||
367 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
368 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
369 | 0.6442 | 0.6442 | 0 | 0 | 0 | |||||||
370 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
371 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
372 | 0.5217 | 0.5217 | 0 | 0 | 0 | |||||||
373 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
374 | 0.5735 | 0.5735 | 0 | 0 | 0 | |||||||
375 | 0.6500 | 0.6500 | 0 | 0 | 0 | |||||||
376 | 0.7490 | 0.7490 | 0 | 0 | 0 | |||||||
377 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
378 | 0.6387 | 0.6387 | 0 | 0 | 0 | |||||||
379 | 0.7972 | 0.7972 | 0 | 0 | 0 | |||||||
380 | 0.7000 | 0.7000 | 0 | 0 | 0 | |||||||
381 | 0.4486 | 0.3931 | 0 | 0 | 0 | |||||||
382 | 0.6500 | 0.6500 | 0 | 0 | 0 | |||||||
383 | 0.8000 | 0.8000 | 0 | 0 | 0 | |||||||
384 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
385 | 0.5964 | 0.5964 | 0 | 0 | 0 | |||||||
386 | 0.6025 | 0.6025 | 0 | 0 | 0 | |||||||
387 | 0.5249 | 0.5249 | 0 | 0 | 0 | |||||||
388 | 0.6000 | 0.6000 | 0 | 0 | 0 | |||||||
389 | 0.7500 | 0.7500 | 0 | 0 | 0 | |||||||
390 | 0.7253 | 0.7253 | 0 | 0 | 0 |
141 | 142 | 143 | 144 | 145 | 146 | 147 | 148 | 149 | 150 | |
MI:
Lender or Borrower Paid? |
Pool
Insurance Co. Name |
Pool
Insurance Stop Loss % |
MI
Certificate Number |
Updated
DTI (Front-end) |
Updated
DTI (Back-end) |
Modification Effective Payment Date |
Total
Capitalized Amount |
Total
Deferred Amount |
Pre-Modification Interest (Note) Rate | |
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307 | ||||||||||
308 | ||||||||||
309 | ||||||||||
310 | ||||||||||
311 | ||||||||||
312 | ||||||||||
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314 | ||||||||||
315 | ||||||||||
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320 | ||||||||||
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326 | ||||||||||
327 | ||||||||||
328 | ||||||||||
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330 | ||||||||||
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332 | ||||||||||
333 | ||||||||||
334 | ||||||||||
335 | ||||||||||
336 | ||||||||||
337 | ||||||||||
338 | ||||||||||
339 | ||||||||||
340 | ||||||||||
341 | ||||||||||
342 | ||||||||||
343 | ||||||||||
344 | ||||||||||
345 | ||||||||||
346 | ||||||||||
347 | ||||||||||
348 | ||||||||||
349 | ||||||||||
350 | ||||||||||
351 | ||||||||||
352 | ||||||||||
353 | ||||||||||
354 | ||||||||||
355 | ||||||||||
356 | ||||||||||
357 | ||||||||||
358 | ||||||||||
359 | ||||||||||
360 | ||||||||||
361 | ||||||||||
362 | ||||||||||
363 | ||||||||||
364 | ||||||||||
365 | ||||||||||
366 | ||||||||||
367 | ||||||||||
368 | ||||||||||
369 | ||||||||||
370 | ||||||||||
371 | ||||||||||
372 | ||||||||||
373 | ||||||||||
374 | ||||||||||
375 | ||||||||||
376 | ||||||||||
377 | ||||||||||
378 | ||||||||||
379 | ||||||||||
380 | ||||||||||
381 | ||||||||||
382 | ||||||||||
383 | ||||||||||
384 | ||||||||||
385 | ||||||||||
386 | ||||||||||
387 | ||||||||||
388 | ||||||||||
389 | ||||||||||
390 |
151 | 152 | 153 | 154 | 155 | 156 | 157 | 158 | 159 | 160 | |
Pre-Modification
P&I Payment |
Pre-Modification Initial Interest Rate Change Downward Cap |
Pre-Modification Subsequent Interest Rate Cap |
Pre-Modification Next Interest Rate Change Date |
Pre-Modification
I/O Term |
Forgiven
Principal Amount |
Forgiven
Interest Amount |
Number
of Modifications |
Cash To/From Brrw at Closing | Brrw - Yrs at in Industry | |
1 | 2 | |||||||||
2 | 19 | |||||||||
3 | 4 | |||||||||
4 | 35 | |||||||||
5 | 35 | |||||||||
6 | 25 | |||||||||
7 | 9 | |||||||||
8 | 4.5 | |||||||||
9 | 28 | |||||||||
10 | 45 | |||||||||
11 | 21 | |||||||||
12 | 10 | |||||||||
13 | 20.25 | |||||||||
14 | 4 | |||||||||
15 | 16 | |||||||||
16 | 3 | |||||||||
17 | 18 | |||||||||
18 | 16.5 | |||||||||
19 | 32 | |||||||||
20 | 8 | |||||||||
21 | 20 | |||||||||
22 | 25 | |||||||||
23 | 22 | |||||||||
24 | 10 | |||||||||
25 | 11.6 | |||||||||
26 | 4.3 | |||||||||
27 | 2 | |||||||||
28 | 19 | |||||||||
29 | 25 | |||||||||
30 | 11.6 | |||||||||
31 | 16 | |||||||||
32 | 22 | |||||||||
33 | 18 | |||||||||
34 | 7 | |||||||||
35 | 12 | |||||||||
36 | 21 | |||||||||
37 | 15 | |||||||||
38 | 13 | |||||||||
39 | 11 | |||||||||
40 | 5.5 | |||||||||
41 | 7 | |||||||||
42 | 16 | |||||||||
43 | 10 | |||||||||
44 | 11 | |||||||||
45 | 18 | |||||||||
46 | 14 | |||||||||
47 | 5 | |||||||||
48 | 12 | |||||||||
49 | 10 | |||||||||
50 | 25 | |||||||||
51 | 25 | |||||||||
52 | 4 | |||||||||
53 | 19 | |||||||||
54 | 32 | |||||||||
55 | 18 | |||||||||
56 | 4 | |||||||||
57 | 22 | |||||||||
58 | 14.25 | |||||||||
59 | 5 | |||||||||
60 | 10 | |||||||||
61 | 5 | |||||||||
62 | 20 | |||||||||
63 | 30 | |||||||||
64 | 20 | |||||||||
65 | 27 | |||||||||
66 | 29 | |||||||||
67 | 11 | |||||||||
68 | 10 | |||||||||
69 | 35 | |||||||||
70 | 8 | |||||||||
71 | 28.5 | |||||||||
72 | 29 | |||||||||
73 | 6 | |||||||||
74 | 10 | |||||||||
75 | 25 | |||||||||
76 | 22 | |||||||||
77 | 17 | |||||||||
78 | 30 | |||||||||
79 | 19 | |||||||||
80 | 16 | |||||||||
81 | 25 | |||||||||
82 | 13 | |||||||||
83 | 0 | |||||||||
84 | 32 | |||||||||
85 | 5 | |||||||||
86 | 5 | |||||||||
87 | 12 | |||||||||
88 | 15 | |||||||||
89 | 0 | |||||||||
90 | 6 | |||||||||
91 | 4 | |||||||||
92 | 22 | |||||||||
93 | 24 | |||||||||
94 | 18 | |||||||||
95 | 32 | |||||||||
96 | 10 | |||||||||
97 | 22 | |||||||||
98 | 12 | |||||||||
99 | 15 | |||||||||
100 | 6 | |||||||||
101 | 28 | |||||||||
102 | 0 | |||||||||
103 | 24 | |||||||||
104 | 17 | |||||||||
105 | 0 | |||||||||
106 | 4 | |||||||||
107 | 4 | |||||||||
108 | 28 | |||||||||
109 | 25 | |||||||||
110 | 36.25 | |||||||||
111 | 15 | |||||||||
112 | 27 | |||||||||
113 | 34 | |||||||||
114 | 32 | |||||||||
115 | 32 | |||||||||
116 | 27 | |||||||||
117 | 25 | |||||||||
118 | 26 | |||||||||
119 | 13 | |||||||||
120 | 27 | |||||||||
121 | 23 | |||||||||
122 | 6 | |||||||||
123 | 17 | |||||||||
124 | 0 | |||||||||
125 | 24 | |||||||||
126 | 7 | |||||||||
127 | 18.5 | |||||||||
128 | 13 | |||||||||
129 | 26 | |||||||||
130 | 18 | |||||||||
131 | 0 | |||||||||
132 | 5 | |||||||||
133 | 5 | |||||||||
134 | 19 | |||||||||
135 | 4 | |||||||||
136 | 3 | |||||||||
137 | 14 | |||||||||
138 | 2 | |||||||||
139 | 27 | |||||||||
140 | 3 | |||||||||
141 | 18.5 | |||||||||
142 | 9 | |||||||||
143 | 9 | |||||||||
144 | 16 | |||||||||
145 | 11 | |||||||||
146 | 21 | |||||||||
147 | 5 | |||||||||
148 | 14 | |||||||||
149 | 15 | |||||||||
150 | 12 | |||||||||
151 | 10.25 | |||||||||
152 | 12 | |||||||||
153 | 30 | |||||||||
154 | 16 | |||||||||
155 | 11 | |||||||||
156 | 20 | |||||||||
157 | 9 | |||||||||
158 | 35 | |||||||||
159 | 3 | |||||||||
160 | 20 | |||||||||
161 | 20 | |||||||||
162 | 16 | |||||||||
163 | 21 | |||||||||
164 | 15 | |||||||||
165 | 9 | |||||||||
166 | 18 | |||||||||
167 | 10 | |||||||||
168 | 2 | |||||||||
169 | 15 | |||||||||
170 | 15 | |||||||||
171 | 15 | |||||||||
172 | 25 | |||||||||
173 | 30 | |||||||||
174 | 10 | |||||||||
175 | 12 | |||||||||
176 | 15 | |||||||||
177 | 25 | |||||||||
178 | 15 | |||||||||
179 | 13 | |||||||||
180 | 20 | |||||||||
181 | 21 | |||||||||
182 | 16.5 | |||||||||
183 | 21 | |||||||||
184 | 15 | |||||||||
185 | 30 | |||||||||
186 | 13 | |||||||||
187 | 12 | |||||||||
188 | 40 | |||||||||
189 | 17 | |||||||||
190 | 17 | |||||||||
191 | 13 | |||||||||
192 | 20 | |||||||||
193 | 2 | |||||||||
194 | 30 | |||||||||
195 | 3 | |||||||||
196 | 20 | |||||||||
197 | 25 | |||||||||
198 | 17 | |||||||||
199 | 15 | |||||||||
200 | 12 | |||||||||
201 | 15 | |||||||||
202 | 8 | |||||||||
203 | 0 | |||||||||
204 | 15 | |||||||||
205 | 20 | |||||||||
206 | 15 | |||||||||
207 | 25 | |||||||||
208 | 17 | |||||||||
209 | 5.5 | |||||||||
210 | 10 | |||||||||
211 | 10 | |||||||||
212 | 24 | |||||||||
213 | 5 | |||||||||
214 | 14 | |||||||||
215 | 13 | |||||||||
216 | 15 | |||||||||
217 | 4 | |||||||||
218 | 10 | |||||||||
219 | 14 | |||||||||
220 | 0 | |||||||||
221 | 40 | |||||||||
222 | 30.65 | |||||||||
223 | 4.54 | |||||||||
224 | 4.6 | |||||||||
225 | 19.5 | |||||||||
226 | 18 | |||||||||
227 | 23 | |||||||||
228 | 17 | |||||||||
229 | 23 | |||||||||
230 | 6.5 | |||||||||
231 | 10 | |||||||||
232 | 16 | |||||||||
233 | 25 | |||||||||
234 | 13 | |||||||||
235 | 19 | |||||||||
236 | 15 | |||||||||
237 | 25 | |||||||||
238 | 15 | |||||||||
239 | 26 | |||||||||
240 | 12 | |||||||||
241 | 17 | |||||||||
242 | 22 | |||||||||
243 | 15 | |||||||||
244 | 18 | |||||||||
245 | 13 | |||||||||
246 | 18 | |||||||||
247 | 10 | |||||||||
248 | 5 | |||||||||
249 | 6 | |||||||||
250 | 13.5 | |||||||||
251 | 5 | |||||||||
252 | 10 | |||||||||
253 | 19 | |||||||||
254 | 9 | |||||||||
255 | 2 | |||||||||
256 | 10 | |||||||||
257 | 10.5 | |||||||||
258 | 15 | |||||||||
259 | 17 | |||||||||
260 | 12 | |||||||||
261 | 40 | |||||||||
262 | 17 | |||||||||
263 | 25 | |||||||||
264 | 32 | |||||||||
265 | 11 | |||||||||
266 | 17 | |||||||||
267 | 15 | |||||||||
268 | 20 | |||||||||
269 | 0 | |||||||||
270 | 13.25 | |||||||||
271 | 25.5 | |||||||||
272 | 32 | |||||||||
273 | 6 | |||||||||
274 | 0 | |||||||||
275 | 26 | |||||||||
276 | 7 | |||||||||
277 | 10 | |||||||||
278 | 10 | |||||||||
279 | 14 | |||||||||
280 | 3 | |||||||||
281 | 15 | |||||||||
282 | 21 | |||||||||
283 | 3 | |||||||||
284 | 25 | |||||||||
285 | 0.5 | |||||||||
286 | 3 | |||||||||
287 | 44 | |||||||||
288 | 22 | |||||||||
289 | 8 | |||||||||
290 | 18 | |||||||||
291 | 10 | |||||||||
292 | 40 | |||||||||
293 | 13 | |||||||||
294 | 15 | |||||||||
295 | 7 | |||||||||
296 | 33 | |||||||||
297 | 15 | |||||||||
298 | 12 | |||||||||
299 | 31 | |||||||||
300 | 9 | |||||||||
301 | 9 | |||||||||
302 | 27 | |||||||||
303 | 30 | |||||||||
304 | 55 | |||||||||
305 | 13 | |||||||||
306 | 13 | |||||||||
307 | 21 | |||||||||
308 | 9 | |||||||||
309 | 10 | |||||||||
310 | 7 | |||||||||
311 | 12 | |||||||||
312 | 15 | |||||||||
313 | 20 | |||||||||
314 | 22 | |||||||||
315 | 6 | |||||||||
316 | 5 | |||||||||
317 | 15 | |||||||||
318 | 51 | |||||||||
319 | 12 | |||||||||
320 | 11 | |||||||||
321 | 18 | |||||||||
322 | 30 | |||||||||
323 | 13 | |||||||||
324 | 21 | |||||||||
325 | 14 | |||||||||
326 | 11 | |||||||||
327 | 0 | |||||||||
328 | 10 | |||||||||
329 | 6 | |||||||||
330 | 8 | |||||||||
331 | 10 | |||||||||
332 | 18 | |||||||||
333 | 8 | |||||||||
334 | 10 | |||||||||
335 | 12 | |||||||||
336 | 15 | |||||||||
337 | 30 | |||||||||
338 | 6 | |||||||||
339 | 21 | |||||||||
340 | 32 | |||||||||
341 | 25 | |||||||||
342 | 10 | |||||||||
343 | 16 | |||||||||
344 | 22 | |||||||||
345 | 55 | |||||||||
346 | 17 | |||||||||
347 | 23 | |||||||||
348 | 21 | |||||||||
349 | 9 | |||||||||
350 | 15 | |||||||||
351 | 21 | |||||||||
352 | 16 | |||||||||
353 | 20 | |||||||||
354 | 14 | |||||||||
355 | 14 | |||||||||
356 | 28 | |||||||||
357 | 13 | |||||||||
358 | 10 | |||||||||
359 | 12 | |||||||||
360 | 4 | |||||||||
361 | 5 | |||||||||
362 | 22 | |||||||||
363 | 25 | |||||||||
364 | 25 | |||||||||
365 | 11 | |||||||||
366 | 12 | |||||||||
367 | 2 | |||||||||
368 | 7 | |||||||||
369 | 25 | |||||||||
370 | 13 | |||||||||
371 | 17 | |||||||||
372 | 20 | |||||||||
373 | 28 | |||||||||
374 | 28 | |||||||||
375 | 18 | |||||||||
376 | 22 | |||||||||
377 | 27 | |||||||||
378 | 15 | |||||||||
379 | 12 | |||||||||
380 | 25 | |||||||||
381 | 4 | |||||||||
382 | 16.8 | |||||||||
383 | 12 | |||||||||
384 | 12 | |||||||||
385 | 17 | |||||||||
386 | 33 | |||||||||
387 | 12 | |||||||||
388 | 25 | |||||||||
389 | 10 | |||||||||
390 | 12.4 |
161 | 162 | 163 | 164 | 165 | 166 | 167 | |
CoBrrw - Yrs at in Industry | Junior Mortgage Drawn Amount | Maturity Date | Primary Borrower Wage Income (Salary) | Primary Borrower Wage Income (Bonus) | Primary Borrower Wage Income (Commission) | Co-Borrower Wage Income (Salary) | |
1 | 1.5 | 0.00 | 20421001 | 21341.00 | 0.00 | 0.00 | 4978.00 |
2 | 19 | 0.00 | 20420801 | 20822.54 | 0.00 | 0.00 | 19910.00 |
3 | 2 | 0.00 | 20420801 | 7466.67 | 0.00 | 0.00 | 0.00 |
4 | 0.00 | 20420901 | 127601.54 | 0.00 | 0.00 | 0.00 | |
5 | 0.00 | 20420801 | 18762.89 | 0.00 | 0.00 | 0.00 | |
6 | 0.00 | 20420901 | 12167.00 | 11994.00 | 0.00 | 0.00 | |
7 | 0.00 | 20420801 | 0.00 | 0.00 | 17244.18 | 0.00 | |
8 | 0.00 | 20420901 | 10883.00 | 0.00 | 0.00 | 5859.00 | |
9 | 0.00 | 20420801 | 35410.20 | 0.00 | 0.00 | ||
10 | 0.00 | 20420701 | 22220.65 | 0.00 | 0.00 | 0.00 | |
11 | 15 | 0.00 | 20420801 | 18056.00 | 0.00 | 0.00 | 3855.00 |
12 | 4 | 0.00 | 20420901 | 25323.75 | 0.00 | 0.00 | 0.00 |
13 | 33 | 0.00 | 20420901 | 14987.27 | 0.00 | 0.00 | 14318.00 |
14 | 10 | 0.00 | 20420801 | 17148.00 | 0.00 | 0.00 | 12981.00 |
15 | 0.00 | 20420901 | 24166.00 | 16061.00 | 0.00 | 0.00 | |
16 | 0.00 | 20420901 | 19301.06 | 0.00 | 0.00 | 0.00 | |
17 | 20 | 0.00 | 20420801 | 10999.00 | 0.00 | 0.00 | -515.00 |
18 | 20 | 0.00 | 20420801 | 0.00 | 0.00 | 0.00 | 12310.83 |
19 | 28 | 0.00 | 20420801 | 10123.42 | 0.00 | 0.00 | 4000.00 |
20 | 0.00 | 20420901 | 55440.87 | 0.00 | 0.00 | 0.00 | |
21 | 0.00 | 20420901 | 6051.00 | 0.00 | 10474.00 | 719.00 | |
22 | 0 | 0.00 | 20420801 | 29167.00 | 0.00 | 0.00 | 0.00 |
23 | 0 | 0.00 | 20420801 | 20026.35 | 0.00 | 0.00 | 0.00 |
24 | 10 | 0.00 | 20420701 | 12931.00 | 0.00 | 0.00 | 12908.00 |
25 | 0 | 0.00 | 20420601 | 101192.00 | 0.00 | 0.00 | 0.00 |
26 | 0 | 0.00 | 20420801 | 1925.00 | 0.00 | 18655.00 | 0.00 |
27 | 0 | 0.00 | 20420901 | 13333.00 | 0.00 | 0.00 | 0.00 |
28 | 0 | 0.00 | 20420801 | 15417.00 | 0.00 | 0.00 | 0.00 |
29 | 0 | 0.00 | 20420801 | 34549.00 | 0.00 | 0.00 | 0.00 |
30 | 0 | 0.00 | 20420601 | 54858.00 | 0.00 | 0.00 | 0.00 |
31 | 0.00 | 20420801 | 10150.00 | 1285.58 | 0.00 | 0.00 | |
32 | 0.00 | 20420901 | 20824.72 | 0.00 | 0.00 | 0.00 | |
33 | 0.00 | 20420801 | 16840.00 | 0.00 | 0.00 | 0.00 | |
34 | 6 | 0.00 | 20420901 | 15083.00 | 0.00 | 0.00 | 4833.00 |
35 | 0.25 | 0.00 | 20420901 | 27028.50 | 0.00 | 0.00 | 0.00 |
36 | 6 | 0.00 | 20420801 | 12089.29 | 0.00 | 0.00 | 10416.66 |
37 | 0.00 | 20420901 | 14583.33 | 10934.00 | 0.00 | 0.00 | |
38 | 10 | 0.00 | 20420901 | 12459.50 | 0.00 | 0.00 | 1610.00 |
39 | 4 | 0.00 | 20420801 | 13780.00 | 0.00 | 0.00 | 6895.00 |
40 | 3.5 | 0.00 | 20420801 | 12932.21 | 4063.68 | 0.00 | 14333.35 |
41 | 6 | 0.00 | 20420801 | 14166.95 | 0.00 | 0.00 | 8550.93 |
42 | 2.25 | 0.00 | 20420901 | 22711.00 | 0.00 | 0.00 | 0.00 |
43 | 0.00 | 20420901 | 28297.83 | 0.00 | 0.00 | 0.00 | |
44 | 0.00 | 20421001 | 19406.22 | 0.00 | 0.00 | 0.00 | |
45 | 0.00 | 20420901 | 20833.37 | 0.00 | 0.00 | 0.00 | |
46 | 14 | 0.00 | 20420801 | 9257.13 | 0.00 | 0.00 | 9257.12 |
47 | 0.00 | 20420901 | 9878.92 | 0.00 | 0.00 | 0.00 | |
48 | 0.00 | 20420701 | 6875.00 | 0.00 | 16138.84 | 0.00 | |
49 | 5.25 | 13784.00 | 20420801 | 3797.08 | 0.00 | 0.00 | 9182.78 |
50 | 0.00 | 20420601 | 27511.12 | 0.00 | 0.00 | 0.00 | |
51 | 0.00 | 20420801 | 24070.37 | 0.00 | 0.00 | 0.00 | |
52 | 0.00 | 20420901 | 14583.00 | 14583.00 | 0.00 | 0.00 | |
53 | 18 | 0.00 | 20420801 | 22441.62 | 0.00 | 0.00 | 14166.68 |
54 | 0.00 | 20420801 | 36376.40 | 0.00 | 0.00 | 0.00 | |
55 | 0.00 | 20420701 | 14000.00 | 0.00 | 0.00 | 0.00 | |
56 | 0 | 0.00 | 20420701 | 16375.09 | 17760.33 | 0.00 | 0.00 |
57 | 0 | 0.00 | 20420701 | 42572.92 | 0.00 | 0.00 | 0.00 |
58 | 0.00 | 20420801 | 15227.67 | 0.00 | 0.00 | 0.00 | |
59 | 5 | 0.00 | 20420801 | 1712.70 | 0.00 | 0.00 | 0.00 |
60 | 0.00 | 20420801 | 32901.00 | 0.00 | 0.00 | 0.00 | |
61 | 0.00 | 20420701 | 23833.34 | 0.00 | 0.00 | 0.00 | |
62 | 20 | 0.00 | 20420801 | 0.00 | 0.00 | 0.00 | 26599.78 |
63 | 20 | 0.00 | 20420701 | 17292.83 | 0.00 | 0.00 | 4931.00 |
64 | 10 | 0.00 | 20420801 | 12078.75 | 0.00 | 0.00 | 0.00 |
65 | 22 | 0.00 | 20420701 | 13833.34 | 0.00 | 0.00 | 10100.00 |
66 | 0.00 | 20420801 | 40875.91 | 0.00 | 0.00 | ||
67 | 15 | 0.00 | 20420801 | 18667.00 | 0.00 | 0.00 | 11112.00 |
68 | 9 | 0.00 | 20420801 | 8333.32 | 3288.63 | 0.00 | 15833.35 |
69 | 0.00 | 20420801 | 19483.50 | 0.00 | 0.00 | 0.00 | |
70 | 8 | 0.00 | 20420801 | 14825.00 | 0.00 | 0.00 | 3335.42 |
71 | 0.00 | 20420801 | 31413.33 | 0.00 | 0.00 | ||
72 | 2 | 0.00 | 20420801 | 32635.88 | 0.00 | 0.00 | 0.00 |
73 | 0.00 | 20420901 | 39861.92 | 0.00 | 0.00 | 0.00 | |
74 | 0.00 | 20420801 | 0.00 | 0.00 | 9207.26 | 0.00 | |
75 | 0.00 | 20420901 | 22565.59 | 0.00 | 0.00 | 0.00 | |
76 | 250000.00 | 20420801 | 38993.06 | 0.00 | 0.00 | 0.00 | |
77 | 20 | 0.00 | 20420901 | 8916.60 | 0.00 | 0.00 | 15000.00 |
78 | 0 | 0.00 | 20420801 | 39583.33 | 0.00 | 0.00 | 0.00 |
79 | 250000.00 | 20420901 | 30170.75 | 0.00 | 0.00 | 0.00 | |
80 | 46500.00 | 20420801 | 14242.99 | 0.00 | 0.00 | 0.00 | |
81 | 0.00 | 20420901 | 27083.33 | 25000.00 | 0.00 | 0.00 | |
82 | 7 | 0.00 | 20420901 | 13374.03 | 0.00 | 0.00 | 6954.16 |
83 | 0.00 | 20420901 | 2072.70 | 0.00 | 0.00 | 1789.70 | |
84 | 0.00 | 20420901 | 107145.00 | 0.00 | 0.00 | 0.00 | |
85 | 12 | 0.00 | 20420901 | 8000.05 | 0.00 | 0.00 | 8000.06 |
86 | 0.00 | 20420901 | 14583.00 | 500.00 | 0.00 | 0.00 | |
87 | 16 | 0.00 | 20420901 | 9533.28 | 0.00 | 0.00 | 3544.72 |
88 | 10 | 0.00 | 20420901 | 9517.84 | 0.00 | 0.00 | 6300.00 |
89 | 19 | 0.00 | 20420801 | 2461.00 | 0.00 | 0.00 | 17785.00 |
90 | 0.00 | 20420901 | 36888.76 | 0.00 | 0.00 | 0.00 | |
91 | 0.00 | 20420801 | 29078.04 | 0.00 | 0.00 | 0.00 | |
92 | 2 | 0.00 | 20420901 | 6157.50 | 0.00 | 0.00 | 2180.16 |
93 | 19 | 82400.00 | 20420801 | 22083.34 | 0.00 | 0.00 | 18864.56 |
94 | 0.00 | 20420801 | 6406.54 | 0.00 | 30876.61 | ||
95 | 0.00 | 20420801 | 41125.04 | 0.00 | 0.00 | 0.00 | |
96 | 0 | 0.00 | 20420801 | 32526.54 | 0.00 | 0.00 | 0.00 |
97 | 0.00 | 20420901 | 38955.21 | 0.00 | 0.00 | 0.00 | |
98 | 0.00 | 20421001 | 14158.00 | 0.00 | 0.00 | 0.00 | |
99 | 0.00 | 20420901 | 45671.89 | 0.00 | 0.00 | 0.00 | |
100 | 0.00 | 20420801 | 9501.12 | 0.00 | 0.00 | 0.00 | |
101 | 7 | 0.00 | 20420801 | 8744.83 | 0.00 | 0.00 | 0.00 |
102 | 0.00 | 20421001 | 7830.42 | 0.00 | 0.00 | 0.00 | |
103 | 0.00 | 20420801 | 11578.59 | 16.67 | 2782.05 | 0.00 | |
104 | 0.00 | 20420901 | 13110.01 | 0.00 | 0.00 | 0.00 | |
105 | 0.00 | 20420901 | 1414.79 | 0.00 | 0.00 | 1221.00 | |
106 | 0.00 | 20420901 | 19373.00 | 0.00 | 0.00 | 0.00 | |
107 | 0.00 | 20420901 | 21634.58 | 0.00 | 0.00 | 0.00 | |
108 | 0.00 | 20420901 | 18336.84 | 0.00 | 0.00 | 0.00 | |
109 | 0 | 0.00 | 20420701 | 32231.92 | 0.00 | 0.00 | 0.00 |
110 | 36.25 | 0.00 | 20420801 | 17625.00 | 0.00 | 0.00 | 13666.00 |
111 | 0.00 | 20420901 | 23583.34 | 0.00 | 0.00 | 0.00 | |
112 | 0.00 | 20420801 | 13833.34 | 12660.94 | 0.00 | 0.00 | |
113 | 0.00 | 20420801 | 23357.60 | 0.00 | 0.00 | 0.00 | |
114 | 0.00 | 20420801 | 17083.33 | 0.00 | 0.00 | 0.00 | |
115 | 27 | 0.00 | 20420801 | 13728.00 | 0.00 | 0.00 | 12814.53 |
116 | 0.00 | 20420901 | 10000.00 | 833.33 | 7213.11 | 0.00 | |
117 | 21.75 | 0.00 | 20420801 | 8397.05 | 0.00 | 0.00 | 6904.92 |
118 | 185.25 | 0.00 | 20420801 | 7945.04 | 0.00 | 0.00 | 9500.00 |
119 | 0.00 | 20420901 | 12833.33 | 1904.53 | 0.00 | 0.00 | |
120 | 0.00 | 20420901 | 28638.00 | 0.00 | 0.00 | 0.00 | |
121 | 0.00 | 20420901 | 38143.48 | 0.00 | 0.00 | 0.00 | |
122 | 8 | 0.00 | 20420901 | 12874.00 | 0.00 | 0.00 | 0.00 |
123 | 15 | 0.00 | 20420901 | 59992.29 | 0.00 | 0.00 | 10971.00 |
124 | 0.00 | 20420901 | 9977.09 | 0.00 | 0.00 | 9983.43 | |
125 | 16 | 0.00 | 20420901 | 10669.01 | 0.00 | 5353.97 | 3919.83 |
126 | 6 | 0.00 | 20421001 | 13583.62 | 0.00 | 0.00 | 1645.04 |
127 | 0.00 | 20420901 | 16508.34 | 0.00 | 0.00 | 0.00 | |
128 | 13 | 0.00 | 20420901 | 12673.42 | 0.00 | 0.00 | 11249.98 |
129 | 25 | 0.00 | 20420901 | 19573.93 | 0.00 | 0.00 | 15964.00 |
130 | 0.00 | 20420901 | 15049.75 | 11128.82 | 0.00 | 0.00 | |
131 | 0.00 | 20420801 | 15350.00 | 0.00 | 0.00 | 0.00 | |
132 | 0.00 | 20420801 | 22125.35 | 0.00 | 0.00 | 0.00 | |
133 | 0.00 | 20420801 | 8220.00 | 0.00 | 0.00 | 0.00 | |
134 | 0.00 | 20420801 | 20833.34 | 0.00 | 0.00 | 0.00 | |
135 | 0.00 | 20420901 | 22916.68 | 1168.83 | 0.00 | 0.00 | |
136 | 2 | 0.00 | 20420901 | 3584.83 | 0.00 | 0.00 | 4929.94 |
137 | 0.00 | 20420901 | 14583.33 | 24067.00 | 0.00 | 0.00 | |
138 | 0.00 | 20420901 | 322123.83 | 0.00 | 0.00 | 0.00 | |
139 | 14 | 0.00 | 20420901 | 6690.00 | 0.00 | 0.00 | 10521.33 |
140 | 0.00 | 20420901 | 35244.00 | 0.00 | 0.00 | 0.00 | |
141 | 0.00 | 20420801 | 12916.67 | 16917.99 | 0.00 | 0.00 | |
142 | 0.00 | 20420901 | 20255.70 | 0.00 | 0.00 | 0.00 | |
143 | 0.00 | 20420901 | 98320.13 | 0.00 | 0.00 | 0.00 | |
144 | 10 | 0.00 | 20420901 | 10100.00 | 0.00 | 0.00 | 8545.46 |
145 | 11 | 0.00 | 20420901 | 6845.96 | 0.00 | 0.00 | 8430.44 |
146 | 0.00 | 20420701 | 17228.38 | 6853.09 | 0.00 | 0.00 | |
147 | 2 | 0.00 | 20420801 | 19950.58 | 0.00 | 0.00 | 9216.77 |
148 | 0.00 | 20420901 | 20833.33 | 0.00 | 0.00 | 0.00 | |
149 | 0.00 | 20420701 | 55152.54 | 0.00 | 0.00 | 0.00 | |
150 | 0.00 | 20420901 | 13547.75 | 0.00 | 0.00 | 0.00 | |
151 | 275662.00 | 20420901 | 61933.29 | 0.00 | 0.00 | 0.00 | |
152 | 12 | 0.00 | 20420801 | 18821.00 | 0.00 | 0.00 | 14798.33 |
153 | 0.00 | 20420801 | 23307.70 | 0.00 | 0.00 | ||
154 | 0.00 | 20420801 | 16666.66 | 21565.00 | 0.00 | 0.00 | |
155 | 0 | 0.00 | 20420801 | 19866.25 | 0.00 | 0.00 | 0.00 |
156 | 0.00 | 20420901 | 28337.33 | 0.00 | 0.00 | 0.00 | |
157 | 19 | 191321.00 | 20420901 | 10417.00 | 0.00 | 0.00 | 20173.00 |
158 | 0.00 | 20420901 | 68908.71 | 0.00 | 0.00 | 0.00 | |
159 | 0.00 | 20421001 | 33245.60 | 0.00 | 0.00 | 0.00 | |
160 | 0.00 | 20420901 | 87320.66 | 0.00 | 0.00 | 0.00 | |
161 | 18 | 0.00 | 20420801 | 18750.00 | 0.00 | 0.00 | 2067.00 |
162 | 0.00 | 20420801 | 33333.34 | 0.00 | 0.00 | 0.00 | |
163 | 16 | 0.00 | 20420801 | 20370.33 | 0.00 | 0.00 | 19351.83 |
164 | 14 | 0.00 | 20420801 | 11752.00 | 0.00 | 0.00 | 9189.81 |
165 | 9 | 0.00 | 20420901 | 0.00 | 0.00 | 14417.00 | 5417.00 |
166 | 0.00 | 20420901 | 16816.00 | 0.00 | 0.00 | 0.00 | |
167 | 0.00 | 20420901 | 14578.86 | 5750.61 | 0.00 | 0.00 | |
168 | 0.00 | 20420901 | 19166.66 | 2114.58 | 0.00 | 0.00 | |
169 | 0.00 | 20420801 | 16070.90 | 19479.17 | 0.00 | 0.00 | |
170 | 0.00 | 20420901 | 15368.42 | 0.00 | 0.00 | 0.00 | |
171 | 0.00 | 20420801 | 15910.00 | 0.00 | 0.00 | 0.00 | |
172 | 0.00 | 20420901 | 9941.00 | 0.00 | 0.00 | 0.00 | |
173 | 2 | 0.00 | 20420901 | 9549.83 | 0.00 | 0.00 | 1946.70 |
174 | 6 | 0.00 | 20420901 | 9972.79 | 0.00 | 0.00 | 864.00 |
175 | 12 | 0.00 | 20420901 | 15000.00 | 0.00 | 0.00 | 3339.24 |
176 | 0.00 | 20420901 | 14968.00 | 0.00 | 0.00 | 0.00 | |
177 | 0.00 | 20421001 | 85070.72 | 0.00 | 0.00 | 0.00 | |
178 | 15 | 55027.00 | 20420901 | 19639.82 | 0.00 | 0.00 | 3166.66 |
179 | 0.00 | 20420901 | 7240.19 | 0.00 | 35305.52 | 0.00 | |
180 | 0.00 | 20420401 | 41666.68 | 0.00 | 0.00 | 0.00 | |
181 | 0.00 | 20420901 | 22916.00 | 0.00 | 0.00 | 0.00 | |
182 | 0.00 | 20420801 | 12053.42 | 0.00 | 0.00 | 0.00 | |
183 | 0.00 | 20420801 | 17416.67 | 0.00 | 0.00 | 0.00 | |
184 | 0.00 | 20420901 | 19733.00 | 0.00 | 0.00 | 0.00 | |
185 | 0.00 | 20420801 | 19861.00 | 0.00 | 0.00 | 0.00 | |
186 | 9 | 0.00 | 20420801 | 10020.00 | 0.00 | 0.00 | 1045.00 |
187 | 0.00 | 20420901 | 28679.99 | 0.00 | 0.00 | 0.00 | |
188 | 0.00 | 20420901 | 8310.25 | 0.00 | 0.00 | 349.60 | |
189 | 0.00 | 20420801 | 24166.68 | 11231.64 | 0.00 | 0.00 | |
190 | 17 | 97016.00 | 20420801 | 18725.00 | 0.00 | 0.00 | 17848.42 |
191 | 0.00 | 20420901 | 12000.00 | 2159.00 | 0.00 | 0.00 | |
192 | 0.00 | 20420801 | 13544.00 | 0.00 | 0.00 | 0.00 | |
193 | 0.00 | 20420801 | 119906.00 | 0.00 | 0.00 | 0.00 | |
194 | 24 | 0.00 | 20420901 | 10210.00 | 0.00 | 0.00 | 12017.00 |
195 | 5 | 0.00 | 20420901 | 9166.00 | 0.00 | 0.00 | 9073.00 |
196 | 17 | 0.00 | 20420801 | 6998.00 | 0.00 | 0.00 | 11228.50 |
197 | 22 | 0.00 | 20420701 | 12900.72 | 0.00 | 0.00 | 4036.18 |
198 | 0.00 | 20420801 | 29714.34 | 0.00 | 0.00 | 0.00 | |
199 | 0.00 | 20420801 | 16666.67 | 0.00 | 0.00 | 0.00 | |
200 | 10 | 250000.00 | 20320801 | 10000.00 | 0.00 | 0.00 | 0.00 |
201 | 0.00 | 20420901 | 998.00 | 0.00 | 0.00 | 4880.00 | |
202 | 6 | 0.00 | 20420901 | 7897.06 | 0.00 | 0.00 | 13333.34 |
203 | 8 | 83481.00 | 20420801 | 0.00 | 0.00 | 0.00 | 10792.00 |
204 | 0.00 | 20420901 | 15216.00 | 2330.00 | 0.00 | 0.00 | |
205 | 0.00 | 20420901 | 13686.61 | 0.00 | 0.00 | 0.00 | |
206 | 10 | 0.00 | 20420801 | 5153.00 | 0.00 | 0.00 | 0.00 |
207 | 349737.00 | 20420801 | 17500.00 | 0.00 | 0.00 | 0.00 | |
208 | 9 | 0.00 | 20421001 | 14583.00 | 0.00 | 0.00 | 2179.00 |
209 | 5 | 0.00 | 20420901 | 47718.50 | 0.00 | 0.00 | 0.00 |
210 | 0.00 | 20420901 | 17974.00 | 0.00 | 0.00 | 0.00 | |
211 | 0.00 | 20420801 | 15960.13 | 0.00 | 0.00 | 0.00 | |
212 | 0.00 | 20420901 | 39500.00 | 0.00 | 0.00 | 0.00 | |
213 | 0.00 | 20420901 | 6427.46 | 217.78 | 10442.50 | 0.00 | |
214 | 0.00 | 20420901 | 15528.75 | 0.00 | 0.00 | 0.00 | |
215 | 5 | 0.00 | 20421001 | 15884.76 | 0.00 | 0.00 | 2744.91 |
216 | 10 | 0.00 | 20421001 | 34587.78 | 0.00 | 0.00 | 16033.63 |
217 | 0.00 | 20420801 | 9854.79 | 0.00 | 0.00 | ||
218 | 0.00 | 20420801 | 20019.00 | 0.00 | 0.00 | 0.00 | |
219 | 0.00 | 20420801 | 21725.31 | 0.00 | 0.00 | 0.00 | |
220 | 20 | 0.00 | 20420801 | 21033.00 | 0.00 | 0.00 | 0.00 |
221 | 2 | 0.00 | 20420901 | 11870.44 | 0.00 | 0.00 | 4801.00 |
222 | 18.31 | 0.00 | 20420501 | 18251.26 | 0.00 | 0.00 | 2512.00 |
223 | 0 | 0.00 | 20420601 | 36978.00 | 0.00 | 0.00 | 0.00 |
224 | 0 | 0.00 | 20420801 | 5980.00 | 0.00 | 0.00 | 0.00 |
225 | 0 | 0.00 | 20420801 | 14583.00 | 13063.00 | 0.00 | 0.00 |
226 | 0 | 0.00 | 20420801 | 15600.00 | 0.00 | 0.00 | 0.00 |
227 | 0 | 0.00 | 20420901 | 23023.00 | 0.00 | 0.00 | 0.00 |
228 | 0.00 | 20420901 | 19330.38 | 0.00 | 0.00 | 0.00 | |
229 | 0.00 | 20420901 | 13168.30 | 0.00 | 0.00 | 6611.16 | |
230 | 8 | 0.00 | 20421001 | 14441.67 | 0.00 | 0.00 | 9166.66 |
231 | 16 | 0.00 | 20420801 | 0.00 | 0.00 | 0.00 | 24964.21 |
232 | 10 | 0.00 | 20420801 | 0.00 | 0.00 | 0.00 | 12035.00 |
233 | 0.00 | 20420901 | 42467.07 | 0.00 | 0.00 | 0.00 | |
234 | 12 | 0.00 | 20420901 | 7571.58 | 0.00 | 0.00 | 15828.83 |
235 | 0.00 | 20420801 | 24400.00 | 0.00 | 0.00 | ||
236 | 16 | 0.00 | 20420801 | 14852.59 | 0.00 | 0.00 | 12500.00 |
237 | 0.00 | 20420901 | 112500.00 | 0.00 | 0.00 | 0.00 | |
238 | 0.00 | 20420901 | 16336.00 | 0.00 | 0.00 | 0.00 | |
239 | 0.00 | 20420901 | 22941.67 | 0.00 | 0.00 | 0.00 | |
240 | 0.00 | 20420801 | 39411.30 | 0.00 | 0.00 | 0.00 | |
241 | 0.00 | 20420701 | 21516.80 | 0.00 | 0.00 | 0.00 | |
242 | 0.00 | 20420801 | 17839.29 | 0.00 | 0.00 | ||
243 | 0.00 | 20420801 | 1961.30 | 0.00 | 30808.09 | 0.00 | |
244 | 0.00 | 20420901 | 18750.00 | 0.00 | 0.00 | 0.00 | |
245 | 13 | 0.00 | 20420801 | 6844.92 | 0.00 | 0.00 | 6407.81 |
246 | 10 | 0.00 | 20420901 | 19517.08 | 0.00 | 0.00 | 4895.00 |
247 | 0.00 | 20420901 | 25000.00 | 0.00 | 0.00 | 0.00 | |
248 | 0.00 | 20420901 | 15666.66 | 0.00 | 0.00 | 0.00 | |
249 | 0.00 | 20420801 | 24157.66 | 14701.13 | 0.00 | 0.00 | |
250 | 0.00 | 20420901 | 50910.41 | 0.00 | 0.00 | 0.00 | |
251 | 0.00 | 20420801 | 16083.34 | 0.00 | 0.00 | 0.00 | |
252 | 20 | 0.00 | 20420901 | 4000.00 | 0.00 | 0.00 | 4705.00 |
253 | 0.00 | 20420901 | 15416.66 | 0.00 | 0.00 | 0.00 | |
254 | 0.00 | 20420901 | 43666.00 | 0.00 | 0.00 | 0.00 | |
255 | 0.00 | 20420901 | 41256.96 | 0.00 | 0.00 | 0.00 | |
256 | 10 | 0.00 | 20420801 | 9583.00 | 0.00 | 0.00 | 9580.00 |
257 | 0.00 | 20420801 | 29726.43 | 0.00 | 0.00 | ||
258 | 17 | 0.00 | 20420901 | 4648.00 | 0.00 | 0.00 | 9126.00 |
259 | 0.00 | 20420801 | 17873.00 | 0.00 | 0.00 | ||
260 | 0.00 | 20420901 | 29197.93 | 0.00 | 0.00 | 0.00 | |
261 | 0.00 | 20420901 | 59852.25 | 0.00 | 0.00 | 0.00 | |
262 | 0.00 | 20420801 | 16666.67 | 32894.52 | 0.00 | 0.00 | |
263 | 0.00 | 20420801 | 16666.00 | 0.00 | 0.00 | ||
264 | 30 | 0.00 | 20420901 | 0.00 | 0.00 | 11432.54 | 12190.00 |
265 | 0.00 | 20420801 | 17004.38 | 0.00 | 0.00 | 0.00 | |
266 | 0.00 | 20420901 | 20833.34 | 0.00 | 0.00 | 0.00 | |
267 | 0.00 | 20420901 | 17500.00 | 2083.35 | 0.00 | 0.00 | |
268 | 0.00 | 20420901 | 22083.33 | 0.00 | 0.00 | 0.00 | |
269 | 0.00 | 20420901 | 2054.00 | 0.00 | 0.00 | 941.00 | |
270 | 0.00 | 20420901 | 50310.00 | 19472.50 | 0.00 | 0.00 | |
271 | 0.00 | 20420901 | 17094.18 | 0.00 | 0.00 | 0.00 | |
272 | 24 | 0.00 | 20420901 | 11362.00 | 0.00 | 0.00 | 8667.00 |
273 | 0.00 | 20420901 | 17000.00 | 0.00 | 0.00 | 0.00 | |
274 | 124121.00 | 20420901 | 11483.07 | 0.00 | 0.00 | 0.00 | |
275 | 0.00 | 20420801 | 28282.42 | 0.00 | 0.00 | 0.00 | |
276 | 0.00 | 20420801 | 25143.97 | 0.00 | 0.00 | 0.00 | |
277 | 0.00 | 20420801 | 34283.92 | 0.00 | 0.00 | 0.00 | |
278 | 0.00 | 20420801 | 15416.67 | 0.00 | 0.00 | ||
279 | 2 | 0.00 | 20420901 | 8448.20 | 0.00 | 0.00 | 9132.58 |
280 | 0.00 | 20420901 | 18123.73 | 0.00 | 0.00 | 0.00 | |
281 | 0.00 | 20420801 | 13746.00 | 0.00 | 0.00 | 0.00 | |
282 | 0.00 | 20420901 | 27083.33 | 0.00 | 0.00 | 0.00 | |
283 | 1 | 0.00 | 20420901 | 10000.00 | 0.00 | 0.00 | 15416.65 |
284 | 0.00 | 20420501 | 0.00 | 0.00 | 0.00 | 0.00 | |
285 | 0.00 | 20420601 | 0.00 | 0.00 | 0.00 | ||
286 | 0.00 | 20420801 | 4273.13 | 0.00 | 0.00 | 260.80 | |
287 | 0.00 | 20420401 | 0.00 | 0.00 | 0.00 | 0.00 | |
288 | 20 | 0.00 | 20420701 | 0.00 | 0.00 | 0.00 | 0.00 |
289 | 11 | 100000.00 | 20420501 | 2987.00 | 0.00 | 0.00 | 16667.00 |
290 | 11 | 0.00 | 20420401 | 0.00 | 0.00 | 0.00 | 0.00 |
291 | 5 | 0.00 | 20420601 | 2117.00 | 0.00 | 0.00 | 0.00 |
292 | 12 | 17500.00 | 20420501 | 11007.96 | 0.00 | 0.00 | 11026.50 |
293 | 200000.00 | 20420501 | 19387.50 | 0.00 | 0.00 | 0.00 | |
294 | 0.00 | 20420501 | 0.00 | 0.00 | 0.00 | 22046.75 | |
295 | 6 | 0.00 | 20420401 | 11666.67 | 0.00 | 0.00 | 10000.00 |
296 | 0.00 | 20420401 | 0.00 | 0.00 | 0.00 | ||
297 | 15 | 0.00 | 20420401 | 0.00 | 0.00 | 0.00 | 0.00 |
298 | 5 | 0.00 | 20420501 | 0.00 | 0.00 | 0.00 | 0.00 |
299 | 1 | 200000.00 | 20420501 | 38263.00 | 0.00 | 0.00 | 0.00 |
300 | 0.00 | 20420401 | 0.00 | 0.00 | 0.00 | 0.00 | |
301 | 15 | 0.00 | 20420401 | 0.00 | 0.00 | 0.00 | 0.00 |
302 | 18 | 0.00 | 20420601 | 7944.00 | 0.00 | 0.00 | 3714.53 |
303 | 10 | 0.00 | 20420501 | 0.00 | 0.00 | 0.00 | 0.00 |
304 | 50 | 0.00 | 20420501 | 0.00 | 0.00 | 0.00 | 0.00 |
305 | 10 | 0.00 | 20420501 | 13693.78 | 0.00 | 0.00 | 11670.47 |
306 | 12 | 0.00 | 20420601 | 0.00 | 0.00 | 0.00 | 0.00 |
307 | 17 | 150000.00 | 20420601 | 12967.00 | 0.00 | 0.00 | 0.00 |
308 | 9 | 0.00 | 20420501 | 0.00 | 0.00 | 0.00 | 0.00 |
309 | 9 | 0.00 | 20420601 | 9583.34 | 0.00 | 0.00 | 9583.34 |
310 | 9 | 0.00 | 20420501 | 21412.30 | 0.00 | 0.00 | 10789.00 |
311 | 0.00 | 20420601 | 0.00 | 0.00 | 0.00 | ||
312 | 20 | 0.00 | 20420801 | 0.00 | 0.00 | 0.00 | 0.00 |
313 | 0.00 | 20420801 | 0.00 | 0.00 | 0.00 | 0.00 | |
314 | 20 | 0.00 | 20420701 | 0.00 | 0.00 | 0.00 | 0.00 |
315 | 9 | 0.00 | 20420501 | 25000.00 | 0.00 | 0.00 | 15000.00 |
316 | 5 | 0.00 | 20420501 | 20000.00 | 0.00 | 0.00 | 12083.34 |
317 | 0.00 | 20420701 | 25000.00 | 0.00 | 0.00 | 0.00 | |
318 | 447582.50 | 20420601 | 62031.26 | 0.00 | 0.00 | ||
319 | 14 | 0.00 | 20420601 | 0.00 | 0.00 | 0.00 | 0.00 |
320 | 10 | 100000.00 | 20420701 | 0.00 | 0.00 | 0.00 | 0.00 |
321 | 0 | 0.00 | 20420501 | 13333.33 | 0.00 | 2315.75 | 0.00 |
322 | 30 | 0.00 | 20420701 | 0.00 | 0.00 | 0.00 | 0.00 |
323 | 16 | 0.00 | 20420701 | 0.00 | 0.00 | 0.00 | 0.00 |
324 | 0.00 | 20420601 | 10000.00 | 12980.11 | 0.00 | ||
325 | 12 | 0.00 | 20420601 | 0.00 | 0.00 | 0.00 | 0.00 |
326 | 13 | 100000.00 | 20420701 | 10851.62 | 0.00 | 15091.24 | 11844.99 |
327 | 0.00 | 20420601 | 0.00 | 0.00 | 0.00 | ||
328 | 5 | 0.00 | 20420601 | 0.00 | 0.00 | 0.00 | 0.00 |
329 | 6 | 0.00 | 20420701 | 0.00 | 0.00 | 0.00 | 0.00 |
330 | 0.00 | 20420801 | 12714.00 | 0.00 | 0.00 | 0.00 | |
331 | 17 | 0.00 | 20420601 | 0.00 | 0.00 | 0.00 | 0.00 |
332 | 13 | 0.00 | 20420801 | 14166.00 | 118.00 | 0.00 | 7225.00 |
333 | 11 | 0.00 | 20420901 | 0.00 | 0.00 | 0.00 | 0.00 |
334 | 0.00 | 20420801 | 0.00 | 0.00 | 0.00 | 0.00 | |
335 | 12 | 0.00 | 20420701 | 20098.42 | 0.00 | 0.00 | 8334.52 |
336 | 15 | 78000.00 | 20420901 | 0.00 | 0.00 | 0.00 | 0.00 |
337 | 30 | 150000.00 | 20320801 | 0.00 | 0.00 | 0.00 | 0.00 |
338 | 0.00 | 20420801 | 0.00 | 0.00 | 0.00 | 0.00 | |
339 | 4 | 500000.00 | 20420901 | 28933.92 | 0.00 | 0.00 | 1236.13 |
340 | 0.00 | 20420901 | 0.00 | 0.00 | 0.00 | 0.00 | |
341 | 0.00 | 20420801 | 14824.00 | 4310.00 | 0.00 | 0.00 | |
342 | 8 | 0.00 | 20420901 | 0.00 | 0.00 | 0.00 | 6357.50 |
343 | 16 | 0.00 | 20420801 | 20000.00 | 0.00 | 0.00 | 5000.00 |
344 | 0.00 | 20420901 | 0.00 | 0.00 | 0.00 | 0.00 | |
345 | 22 | 0.00 | 20420901 | 27313.00 | 0.00 | 0.00 | 0.00 |
346 | 0.00 | 20420801 | 19195.46 | 0.00 | 0.00 | 0.00 | |
347 | 0.00 | 20420901 | 20776.00 | 23912.36 | 0.00 | 0.00 | |
348 | 0.00 | 20420801 | 26250.00 | 43600.00 | 0.00 | 0.00 | |
349 | 0.5 | 0.00 | 20420801 | 10416.00 | 0.00 | 0.00 | 3055.00 |
350 | 0.00 | 20420801 | 0.00 | 0.00 | 0.00 | 0.00 | |
351 | 19 | 0.00 | 20420901 | 0.00 | 0.00 | 0.00 | 38175.82 |
352 | 17 | 0.00 | 20420901 | 14610.27 | 0.00 | 0.00 | 10370.69 |
353 | 15 | 0.00 | 20420901 | 0.00 | 0.00 | 0.00 | 0.00 |
354 | 14 | 0.00 | 20320901 | 0.00 | 0.00 | 0.00 | 0.00 |
355 | 0.00 | 20420801 | 19460.00 | 0.00 | 0.00 | 0.00 | |
356 | 11 | 0.00 | 20420801 | 13306.38 | 0.00 | 0.00 | 10333.34 |
357 | 1000000.00 | 20420801 | 0.00 | 0.00 | 0.00 | 0.00 | |
358 | 3 | 0.00 | 20420801 | 0.00 | 0.00 | 0.00 | 0.00 |
359 | 0.00 | 20420901 | 0.00 | 0.00 | 0.00 | 0.00 | |
360 | 0.00 | 20420901 | 0.00 | 0.00 | 0.00 | 0.00 | |
361 | 0.00 | 20420901 | 0.00 | 0.00 | 0.00 | 0.00 | |
362 | 0.00 | 20420901 | 0.00 | 0.00 | 0.00 | 0.00 | |
363 | 0.00 | 20420901 | 17530.00 | 0.00 | 0.00 | 0.00 | |
364 | 0.00 | 20420801 | 14166.67 | 0.00 | 0.00 | ||
365 | 0.00 | 20420801 | 30271.00 | 0.00 | 0.00 | ||
366 | 0.00 | 20421001 | 16667.00 | 0.00 | 0.00 | 0.00 | |
367 | 0.00 | 20420901 | 9583.34 | 0.00 | 13923.08 | 0.00 | |
368 | 0 | 0.00 | 20420901 | 12781.00 | 1250.00 | 0.00 | 0.00 |
369 | 0.00 | 20421001 | 17333.34 | 0.00 | 0.00 | 0.00 | |
370 | 8 | 0.00 | 20420901 | 13219.01 | 0.00 | 0.00 | 4155.75 |
371 | 0.00 | 20420901 | 16666.66 | 16835.23 | 0.00 | 0.00 | |
372 | 0.00 | 20420901 | 16666.66 | 46830.29 | 0.00 | 0.00 | |
373 | 0.00 | 20421001 | 33789.92 | 0.00 | 0.00 | 0.00 | |
374 | 26 | 0.00 | 20421001 | 6008.32 | 0.00 | 0.00 | 5991.65 |
375 | 0.00 | 20421001 | 18333.33 | 21751.00 | 0.00 | 0.00 | |
376 | 0.00 | 20421001 | 27083.34 | 0.00 | 0.00 | 0.00 | |
377 | 20 | 0.00 | 20420901 | 9373.51 | 0.00 | 0.00 | 18050.96 |
378 | 0.00 | 20420901 | 55276.77 | 0.00 | 0.00 | 0.00 | |
379 | 15 | 0.00 | 20420901 | 11206.99 | 0.00 | 0.00 | 11791.68 |
380 | 25 | 0.00 | 20421001 | 3970.08 | 0.00 | 0.00 | 2521.06 |
381 | 2 | 97206.00 | 20421001 | 11275.30 | 0.00 | 0.00 | 2765.33 |
382 | 0 | 0.00 | 20420801 | 18750.00 | 16389.00 | 0.00 | 0.00 |
383 | 0.00 | 20420901 | 19260.32 | 0.00 | 0.00 | 0.00 | |
384 | 0.00 | 20421001 | 43209.33 | 0.00 | 0.00 | 0.00 | |
385 | 0.00 | 20420801 | 64710.05 | 0.00 | 0.00 | 0.00 | |
386 | 0.00 | 20420901 | 13568.05 | 0.00 | 0.00 | 0.00 | |
387 | 14 | 0.00 | 20421001 | 17935.00 | 6137.64 | 0.00 | 1407.48 |
388 | 0 | 0.00 | 20420901 | 14542.00 | 0.00 | 0.00 | 0.00 |
389 | 0 | 0.00 | 20420901 | 17917.00 | 0.00 | 0.00 | 0.00 |
390 | 0 | 0.00 | 20420901 | 22783.00 | 0.00 | 0.00 | 0.00 |
168 | 169 | 170 | 171 | 172 | |
Co-Borrower Wage Income (Bonus) | Co-Borrower Wage Income (Commission) | Originator Doc Code | RWT Income Verification | RWT Asset Verification | |
1 | 0.00 | 0.00 | Full | Two Years | Two Months |
2 | 0.00 | 0.00 | Full | Two Years | Two Months |
3 | 0.00 | 0.00 | Full | Two Years | Two Months |
4 | 0.00 | 0.00 | Full | Two Years | Two Months |
5 | 0.00 | 0.00 | Full | Two Years | Two Months |
6 | 0.00 | 0.00 | Full | Two Years | Two Months |
7 | 0.00 | 0.00 | Full | Two Years | Two Months |
8 | 0.00 | 0.00 | Full | Two Years | Two Months |
9 | Full | Two Years | Two Months | ||
10 | 0.00 | 0.00 | Full | Two Years | Two Months |
11 | 0.00 | 0.00 | Full | Two Years | Two Months |
12 | 0.00 | 0.00 | Full | Two Years | Two Months |
13 | 0.00 | 0.00 | Full | Two Years | Two Months |
14 | 0.00 | 0.00 | Full | Two Years | Two Months |
15 | 0.00 | 0.00 | Full | Two Years | Two Months |
16 | 0.00 | 0.00 | Full | Two Years | Two Months |
17 | 0.00 | 0.00 | Full | Two Years | Two Months |
18 | 0.00 | 4418.21 | Full | Two Years | Two Months |
19 | 0.00 | 0.00 | Full | Two Years | Two Months |
20 | 0.00 | 0.00 | Full | Two Years | Two Months |
21 | 0.00 | 0.00 | Full | Two Years | Two Months |
22 | 0.00 | 0.00 | Full | Two Years | Two Months |
23 | 0.00 | 0.00 | Full | Two Years | Two Months |
24 | 0.00 | 0.00 | Full | Two Years | Two Months |
25 | 0.00 | 0.00 | Full | Two Years | Two Months |
26 | 0.00 | 0.00 | Full | Two Years | Two Months |
27 | 0.00 | 0.00 | Full | Two Years | Two Months |
28 | 0.00 | 0.00 | Full | Two Years | Two Months |
29 | 0.00 | 0.00 | Full | Two Years | Two Months |
30 | 0.00 | 0.00 | Full | Two Years | Two Months |
31 | 0.00 | 0.00 | Full | Two Years | Two Months |
32 | 0.00 | 0.00 | Full | Two Years | Two Months |
33 | 0.00 | 0.00 | Full | Two Years | Two Months |
34 | 0.00 | 0.00 | Full | Two Years | Two Months |
35 | 0.00 | 0.00 | Full | Two Years | Two Months |
36 | 0.00 | 0.00 | Full | Two Years | Two Months |
37 | 0.00 | 0.00 | Full | Two Years | Two Months |
38 | 0.00 | 0.00 | Full | Two Years | Two Months |
39 | 0.00 | 0.00 | Full | Two Years | Two Months |
40 | 0.00 | 0.00 | Full | Two Years | Two Months |
41 | 0.00 | 0.00 | Full | Two Years | Two Months |
42 | 0.00 | 0.00 | Full | Two Years | Two Months |
43 | 0.00 | 0.00 | Full | Two Years | Two Months |
44 | 0.00 | 0.00 | Full | Two Years | Two Months |
45 | 0.00 | 0.00 | Full | Two Years | Two Months |
46 | 0.00 | 0.00 | Full | Two Years | Two Months |
47 | 0.00 | 0.00 | Full | Two Years | Two Months |
48 | 0.00 | 0.00 | Full | Two Years | Two Months |
49 | 0.00 | 0.00 | Full | Two Years | Two Months |
50 | 0.00 | 0.00 | Full | Two Years | Two Months |
51 | 0.00 | 0.00 | Full | Two Years | Two Months |
52 | 0.00 | 0.00 | Full | Two Years | Two Months |
53 | 0.00 | 0.00 | Full | Two Years | Two Months |
54 | 0.00 | 0.00 | Full | Two Years | Two Months |
55 | 0.00 | 0.00 | Full | Two Years | Two Months |
56 | 0.00 | 0.00 | Full | Two Years | Two Months |
57 | 0.00 | 0.00 | Full | Two Years | Two Months |
58 | 0.00 | 0.00 | Full | Two Years | Two Months |
59 | 0.00 | 0.00 | Full | Two Years | Two Months |
60 | 0.00 | 0.00 | Full | Two Years | Two Months |
61 | 0.00 | 0.00 | Full | Two Years | Two Months |
62 | 14635.98 | 0.00 | Full | Two Years | Two Months |
63 | 0.00 | 0.00 | Full | Two Years | Two Months |
64 | 0.00 | 0.00 | Full | Two Years | Two Months |
65 | 0.00 | 0.00 | Full | Two Years | Two Months |
66 | Full | Two Years | Two Months | ||
67 | 0.00 | 0.00 | Full | Two Years | Two Months |
68 | 0.00 | 0.00 | Full | Two Years | Two Months |
69 | 0.00 | 0.00 | Full | Two Years | Two Months |
70 | 0.00 | 0.00 | Full | Two Years | Two Months |
71 | Full | Two Years | Two Months | ||
72 | 0.00 | 0.00 | Full | Two Years | Two Months |
73 | 0.00 | 0.00 | Full | Two Years | Two Months |
74 | 0.00 | 0.00 | Full | Two Years | Two Months |
75 | 0.00 | 0.00 | Full | Two Years | Two Months |
76 | 0.00 | 0.00 | Full | Two Years | Two Months |
77 | 0.00 | 0.00 | Full | Two Years | Two Months |
78 | 0.00 | 0.00 | Full | Two Years | Two Months |
79 | 0.00 | 0.00 | Full | Two Years | Two Months |
80 | 0.00 | 0.00 | Full | Two Years | Two Months |
81 | 0.00 | 0.00 | Full | Two Years | Two Months |
82 | 0.00 | 0.00 | Full | Two Years | Two Months |
83 | 0.00 | 0.00 | Full | Two Years | Two Months |
84 | 0.00 | 0.00 | Full | Two Years | Two Months |
85 | 0.00 | 0.00 | Full | Two Years | Two Months |
86 | 0.00 | 0.00 | Full | Two Years | Two Months |
87 | 0.00 | 0.00 | Full | Two Years | Two Months |
88 | 0.00 | 0.00 | Full | Two Years | Two Months |
89 | 0.00 | 0.00 | Full | Two Years | Two Months |
90 | 0.00 | 0.00 | Full | Two Years | Two Months |
91 | 0.00 | 0.00 | Full | Two Years | Two Months |
92 | 0.00 | 0.00 | Full | Two Years | Two Months |
93 | 0.00 | 0.00 | Full | Two Years | Two Months |
94 | Full | Two Years | Two Months | ||
95 | 0.00 | 0.00 | Full | Two Years | Two Months |
96 | 0.00 | 0.00 | Full | Two Years | Two Months |
97 | 0.00 | 0.00 | Full | Two Years | Two Months |
98 | 0.00 | 0.00 | Full | Two Years | Two Months |
99 | 0.00 | 0.00 | Full | Two Years | Two Months |
100 | 0.00 | 0.00 | Full | Two Years | Two Months |
101 | 0.00 | 0.00 | Full | Two Years | Two Months |
102 | 0.00 | 0.00 | Full | Two Years | Two Months |
103 | 0.00 | 0.00 | Full | Two Years | Two Months |
104 | 0.00 | 0.00 | Full | Two Years | Two Months |
105 | 0.00 | 0.00 | Full | Two Years | Two Months |
106 | 0.00 | 0.00 | Full | Two Years | Two Months |
107 | 0.00 | 0.00 | Full | Two Years | Two Months |
108 | 0.00 | 0.00 | Full | Two Years | Two Months |
109 | 0.00 | 0.00 | Full | Two Years | Two Months |
110 | 0.00 | 0.00 | Full | Two Years | Two Months |
111 | 0.00 | 0.00 | Full | Two Years | Two Months |
112 | 0.00 | 0.00 | Full | Two Years | Two Months |
113 | 0.00 | 0.00 | Full | Two Years | Two Months |
114 | 0.00 | 0.00 | Full | Two Years | Two Months |
115 | 0.00 | 0.00 | Full | Two Years | Two Months |
116 | 0.00 | 0.00 | Full | Two Years | Two Months |
117 | 0.00 | 0.00 | Full | Two Years | Two Months |
118 | 0.00 | 0.00 | Full | Two Years | Two Months |
119 | 0.00 | 0.00 | Full | Two Years | Two Months |
120 | 0.00 | 0.00 | Full | Two Years | Two Months |
121 | 0.00 | 0.00 | Full | Two Years | Two Months |
122 | 0.00 | 0.00 | Full | Two Years | Two Months |
123 | 0.00 | 0.00 | Full | Two Years | Two Months |
124 | 0.00 | 0.00 | Full | Two Years | Two Months |
125 | 0.00 | 0.00 | Full | Two Years | Two Months |
126 | 0.00 | 0.00 | Full | Two Years | Two Months |
127 | 0.00 | 0.00 | Full | Two Years | Two Months |
128 | 0.00 | 0.00 | Full | Two Years | Two Months |
129 | 0.00 | 0.00 | Full | Two Years | Two Months |
130 | 0.00 | 0.00 | Full | Two Years | Two Months |
131 | 0.00 | 0.00 | Full | Two Years | Two Months |
132 | 0.00 | 0.00 | Full | Two Years | Two Months |
133 | 0.00 | 0.00 | Full | Two Years | Two Months |
134 | 0.00 | 0.00 | Full | Two Years | Two Months |
135 | 0.00 | 0.00 | Full | Two Years | Two Months |
136 | 0.00 | 0.00 | Full | Two Years | Two Months |
137 | 0.00 | 0.00 | Full | Two Years | Two Months |
138 | 0.00 | 0.00 | Full | Two Years | Two Months |
139 | 0.00 | 0.00 | Full | Two Years | Two Months |
140 | 0.00 | 0.00 | Full | Two Years | Two Months |
141 | 0.00 | 0.00 | Full | Two Years | Two Months |
142 | 0.00 | 0.00 | Full | Two Years | Two Months |
143 | 0.00 | 0.00 | Full | Two Years | Two Months |
144 | 0.00 | 0.00 | Full | Two Years | Two Months |
145 | 0.00 | 0.00 | Full | Two Years | Two Months |
146 | 0.00 | 0.00 | Full | Two Years | Two Months |
147 | 0.00 | 0.00 | Full | Two Years | Two Months |
148 | 0.00 | 0.00 | Full | Two Years | Two Months |
149 | 0.00 | 0.00 | Full | Two Years | Two Months |
150 | 0.00 | 0.00 | Full | Two Years | Two Months |
151 | 0.00 | 0.00 | Full | Two Years | Two Months |
152 | 0.00 | 0.00 | Full | Two Years | Two Months |
153 | Full | Two Years | Two Months | ||
154 | 0.00 | 0.00 | Full | Two Years | Two Months |
155 | 0.00 | 0.00 | Full | Two Years | Two Months |
156 | 0.00 | 0.00 | Full | Two Years | Two Months |
157 | 0.00 | 0.00 | Full | Two Years | Two Months |
158 | 0.00 | 0.00 | Full | Two Years | Two Months |
159 | 0.00 | 0.00 | Full | Two Years | Two Months |
160 | 0.00 | 0.00 | Full | Two Years | Two Months |
161 | 0.00 | 0.00 | Full | Two Years | Two Months |
162 | 0.00 | 0.00 | Full | Two Years | Two Months |
163 | 0.00 | 0.00 | Full | Two Years | Two Months |
164 | 0.00 | 0.00 | Full | Two Years | Two Months |
165 | 0.00 | 9903.00 | Full | Two Years | Two Months |
166 | 0.00 | 0.00 | Full | Two Years | Two Months |
167 | 0.00 | 0.00 | Full | Two Years | Two Months |
168 | 0.00 | 0.00 | Full | Two Years | Two Months |
169 | 0.00 | 0.00 | Full | Two Years | Two Months |
170 | 0.00 | 0.00 | Full | Two Years | Two Months |
171 | 0.00 | 0.00 | Full | Two Years | Two Months |
172 | 0.00 | 0.00 | Full | Two Years | Two Months |
173 | 0.00 | 0.00 | Full | Two Years | Two Months |
174 | 0.00 | 0.00 | Full | Two Years | Two Months |
175 | 0.00 | 0.00 | Full | Two Years | Two Months |
176 | 0.00 | 0.00 | Full | Two Years | Two Months |
177 | 0.00 | 0.00 | Full | Two Years | Two Months |
178 | 0.00 | 0.00 | Full | Two Years | Two Months |
179 | 0.00 | 0.00 | Full | Two Years | Two Months |
180 | 0.00 | 0.00 | Full | Two Years | Two Months |
181 | 0.00 | 0.00 | Full | Two Years | Two Months |
182 | 0.00 | 0.00 | Full | Two Years | Two Months |
183 | 0.00 | 0.00 | Full | Two Years | Two Months |
184 | 0.00 | 0.00 | Full | Two Years | Two Months |
185 | 0.00 | 0.00 | Full | Two Years | Two Months |
186 | 0.00 | 0.00 | Full | Two Years | Two Months |
187 | 0.00 | 0.00 | Full | Two Years | Two Months |
188 | 0.00 | 0.00 | Full | Two Years | Two Months |
189 | 0.00 | 0.00 | Full | Two Years | Two Months |
190 | 0.00 | 0.00 | Full | Two Years | Two Months |
191 | 0.00 | 0.00 | Full | Two Years | Two Months |
192 | 0.00 | 0.00 | Full | Two Years | Two Months |
193 | 0.00 | 0.00 | Full | Two Years | Two Months |
194 | 0.00 | 0.00 | Full | Two Years | Two Months |
195 | 0.00 | 2262.00 | Full | Two Years | Two Months |
196 | 0.00 | 0.00 | Full | Two Years | Two Months |
197 | 0.00 | 0.00 | Full | Two Years | Two Months |
198 | 0.00 | 0.00 | Full | Two Years | Two Months |
199 | 0.00 | 0.00 | Full | Two Years | Two Months |
200 | 0.00 | 0.00 | Full | Two Years | Two Months |
201 | 0.00 | 0.00 | Full | Two Years | Two Months |
202 | 0.00 | 0.00 | Full | Two Years | Two Months |
203 | 5689.00 | 0.00 | Full | Two Years | Two Months |
204 | 0.00 | 0.00 | Full | Two Years | Two Months |
205 | 0.00 | 0.00 | Full | Two Years | Two Months |
206 | 0.00 | 3851.00 | Full | Two Years | Two Months |
207 | 0.00 | 0.00 | Full | Two Years | Two Months |
208 | 0.00 | 0.00 | Full | Two Years | Two Months |
209 | 0.00 | 0.00 | Full | Two Years | Two Months |
210 | 0.00 | 0.00 | Full | Two Years | Two Months |
211 | 0.00 | 0.00 | Full | Two Years | Two Months |
212 | 0.00 | 0.00 | Full | Two Years | Two Months |
213 | 0.00 | 0.00 | Full | Two Years | Two Months |
214 | 0.00 | 0.00 | Full | Two Years | Two Months |
215 | 0.00 | 0.00 | Full | Two Years | Two Months |
216 | 0.00 | 0.00 | Full | Two Years | Two Months |
217 | Full | Two Years | Two Months | ||
218 | 0.00 | 0.00 | Full | Two Years | Two Months |
219 | 0.00 | 0.00 | Full | Two Years | Two Months |
220 | 0.00 | 0.00 | Full | Two Years | Two Months |
221 | 0.00 | 0.00 | Full | Two Years | Two Months |
222 | 0.00 | 0.00 | Full | Two Years | One Month |
223 | 0.00 | 0.00 | Full | Two Years | Two Months |
224 | 0.00 | 0.00 | Full | Two Years | Two Months |
225 | 0.00 | 0.00 | Full | Two Years | Two Months |
226 | 0.00 | 0.00 | Full | Two Years | Two Months |
227 | 0.00 | 0.00 | Full | Two Years | Two Months |
228 | 0.00 | 0.00 | Full | Two Years | Two Months |
229 | 0.00 | 0.00 | Full | Two Years | Two Months |
230 | 0.00 | 0.00 | Full | Two Years | Two Months |
231 | 0.00 | 0.00 | Full | Two Years | Two Months |
232 | 0.00 | 0.00 | Full | Two Years | Two Months |
233 | 0.00 | 0.00 | Full | Two Years | Two Months |
234 | 0.00 | 0.00 | Full | Two Years | Two Months |
235 | Full | Two Years | Two Months | ||
236 | 0.00 | 0.00 | Full | Two Years | Two Months |
237 | 0.00 | 0.00 | Full | Two Years | Two Months |
238 | 0.00 | 0.00 | Full | Two Years | Two Months |
239 | 0.00 | 0.00 | Full | Two Years | Two Months |
240 | 0.00 | 0.00 | Full | Two Years | Two Months |
241 | 0.00 | 0.00 | Full | Two Years | Two Months |
242 | Full | Two Years | Two Months | ||
243 | 0.00 | 0.00 | Full | Two Years | Two Months |
244 | 0.00 | 0.00 | Full | Two Years | Two Months |
245 | 0.00 | 0.00 | Full | Two Years | Two Months |
246 | 0.00 | 0.00 | Full | Two Years | Two Months |
247 | 0.00 | 0.00 | Full | Two Years | Two Months |
248 | 0.00 | 0.00 | Full | Two Years | Two Months |
249 | 0.00 | 0.00 | Full | Two Years | Two Months |
250 | 0.00 | 0.00 | Full | Two Years | Two Months |
251 | 0.00 | 0.00 | Full | Two Years | Two Months |
252 | 0.00 | 0.00 | Full | Two Years | Two Months |
253 | 0.00 | 0.00 | Full | Two Years | Two Months |
254 | 0.00 | 0.00 | Full | Two Years | Two Months |
255 | 0.00 | 0.00 | Full | Two Years | Two Months |
256 | 0.00 | 0.00 | Full | Two Years | Two Months |
257 | Full | Two Years | Two Months | ||
258 | 937.50 | 0.00 | Full | Two Years | Two Months |
259 | Full | Two Years | Two Months | ||
260 | 0.00 | 0.00 | Full | Two Years | Two Months |
261 | 0.00 | 0.00 | Full | Two Years | Two Months |
262 | 0.00 | 0.00 | Full | Two Years | Two Months |
263 | Full | Two Years | Two Months | ||
264 | 0.00 | 0.00 | Full | Two Years | Two Months |
265 | 0.00 | 0.00 | Full | Two Years | Two Months |
266 | 0.00 | 0.00 | Full | Two Years | Two Months |
267 | 0.00 | 0.00 | Full | Two Years | Two Months |
268 | 0.00 | 0.00 | Full | Two Years | Two Months |
269 | 0.00 | 0.00 | Full | Two Years | Two Months |
270 | 0.00 | 0.00 | Full | Two Years | Two Months |
271 | 0.00 | 0.00 | Full | Two Years | Two Months |
272 | 0.00 | 0.00 | Full | Two Years | Two Months |
273 | 0.00 | 0.00 | Full | Two Years | Two Months |
274 | 0.00 | 0.00 | Full | Two Years | Two Months |
275 | 0.00 | 0.00 | Full | Two Years | Two Months |
276 | 0.00 | 0.00 | Full | Two Years | Two Months |
277 | 0.00 | 0.00 | Full | Two Years | Two Months |
278 | Full | Two Years | Two Months | ||
279 | 0.00 | 0.00 | Full | Two Years | Two Months |
280 | 0.00 | 0.00 | Full | Two Years | Two Months |
281 | 0.00 | 0.00 | Full | Two Years | Two Months |
282 | 0.00 | 0.00 | Full | Two Years | Two Months |
283 | 0.00 | 0.00 | Full | Two Years | Two Months |
284 | 0.00 | 0.00 | Full | Two Years | Two Months |
285 | Full | Two Years | Two Months | ||
286 | 0.00 | 0.00 | Full | Two Years | Two Months |
287 | 0.00 | 0.00 | Full | Two Years | Two Months |
288 | 0.00 | 0.00 | Full | Two Years | Two Months |
289 | 0.00 | 0.00 | Full | Two Years | One Month |
290 | 0.00 | 0.00 | Full | Two Years | Two Months |
291 | 0.00 | 0.00 | Full | Two Years | Two Months |
292 | 0.00 | 0.00 | Full | Two Years | One Month |
293 | 0.00 | 0.00 | Full | Two Years | Two Months |
294 | 0.00 | 15373.75 | Full | Two Years | One Month |
295 | 0.00 | 0.00 | Full | Two Years | One Month |
296 | Full | Two Years | Two Months | ||
297 | 0.00 | 0.00 | Full | Two Years | Two Months |
298 | 0.00 | 0.00 | Full | Two Years | Two Months |
299 | 0.00 | 0.00 | Full | Two Years | Two Months |
300 | 0.00 | 0.00 | Full | Two Years | Two Months |
301 | 0.00 | 0.00 | Full | Two Years | Two Months |
302 | 0.00 | 0.00 | Full | Two Years | Two Months |
303 | 0.00 | 0.00 | Full | Two Years | Two Months |
304 | 0.00 | 0.00 | Full | Two Years | Two Months |
305 | 0.00 | 0.00 | Full | Two Years | Two Months |
306 | 0.00 | 0.00 | Full | Two Years | Two Months |
307 | 0.00 | 0.00 | Full | Two Years | One Month |
308 | 0.00 | 0.00 | Full | Two Years | Two Months |
309 | 0.00 | 0.00 | Full | Two Years | Two Months |
310 | 0.00 | 0.00 | Full | Two Years | One Month |
311 | Full | Two Years | Two Months | ||
312 | 0.00 | 0.00 | Full | Two Years | Two Months |
313 | 0.00 | 0.00 | Full | Two Years | Two Months |
314 | 0.00 | 0.00 | Full | Two Years | Two Months |
315 | 0.00 | 0.00 | Full | Two Years | One Month |
316 | 0.00 | 0.00 | Full | Two Years | One Month |
317 | 0.00 | 0.00 | Full | Two Years | One Month |
318 | Full | Two Years | One Month | ||
319 | 0.00 | 0.00 | Full | Two Years | Two Months |
320 | 0.00 | 0.00 | Full | Two Years | Two Months |
321 | 0.00 | 0.00 | Full | Two Years | One Month |
322 | 0.00 | 0.00 | Full | Two Years | Two Months |
323 | 0.00 | 0.00 | Full | Two Years | Two Months |
324 | Full | Two Years | Two Months | ||
325 | 0.00 | 0.00 | Full | Two Years | Two Months |
326 | 0.00 | 0.00 | Full | Two Years | Two Months |
327 | Full | Two Years | Two Months | ||
328 | 0.00 | 0.00 | Full | Two Years | Two Months |
329 | 0.00 | 0.00 | Full | Two Years | Two Months |
330 | 0.00 | 0.00 | Full | Two Years | Two Months |
331 | 0.00 | 0.00 | Full | Two Years | Two Months |
332 | 0.00 | 0.00 | Full | Two Years | Two Months |
333 | 0.00 | 0.00 | Full | Two Years | Two Months |
334 | 0.00 | 0.00 | Full | Two Years | Two Months |
335 | 0.00 | 0.00 | Full | Two Years | One Month |
336 | 0.00 | 0.00 | Full | Two Years | Two Months |
337 | 0.00 | 0.00 | Full | Two Years | Two Months |
338 | 0.00 | 0.00 | Full | Two Years | Two Months |
339 | 0.00 | 0.00 | Full | Two Years | One Month |
340 | 0.00 | 0.00 | Full | Two Years | Two Months |
341 | 0.00 | 0.00 | Full | Two Years | Two Months |
342 | 0.00 | 0.00 | Full | Two Years | Two Months |
343 | 0.00 | 0.00 | Full | Two Years | One Month |
344 | 0.00 | 0.00 | Full | Two Years | Two Months |
345 | 0.00 | 0.00 | Full | Two Years | Two Months |
346 | 0.00 | 0.00 | Full | Two Years | One Month |
347 | 0.00 | 0.00 | Full | Two Years | Two Months |
348 | 0.00 | 0.00 | Full | Two Years | One Month |
349 | 0.00 | 0.00 | Full | Two Years | Two Months |
350 | 0.00 | 0.00 | Full | Two Years | Two Months |
351 | 0.00 | 0.00 | Full | Two Years | Two Months |
352 | 0.00 | 0.00 | Full | Two Years | One Month |
353 | 0.00 | 0.00 | Full | Two Years | Two Months |
354 | 0.00 | 0.00 | Full | Two Years | Two Months |
355 | 0.00 | 0.00 | Full | Two Years | Two Months |
356 | 0.00 | 0.00 | Full | Two Years | One Month |
357 | 0.00 | 0.00 | Full | Two Years | Two Months |
358 | 0.00 | 0.00 | Full | Two Years | Two Months |
359 | 0.00 | 0.00 | Full | Two Years | Two Months |
360 | 0.00 | 0.00 | Full | Two Years | Two Months |
361 | 0.00 | 0.00 | Full | Two Years | Two Months |
362 | 0.00 | 0.00 | Full | Two Years | Two Months |
363 | 0.00 | 0.00 | Full | Two Years | Two Months |
364 | Full | Two Years | Two Months | ||
365 | Full | Two Years | Two Months | ||
366 | 0.00 | 0.00 | Full | Two Years | Two Months |
367 | 0.00 | 0.00 | Full | Two Years | Two Months |
368 | 0.00 | 0.00 | Full | Two Years | Two Months |
369 | 0.00 | 0.00 | Full | Two Years | Two Months |
370 | 0.00 | 0.00 | Full | Two Years | Two Months |
371 | 0.00 | 0.00 | Full | Two Years | Two Months |
372 | 0.00 | 0.00 | Full | Two Years | Two Months |
373 | 0.00 | 0.00 | Full | Two Years | Two Months |
374 | 0.00 | 0.00 | Full | Two Years | Two Months |
375 | 0.00 | 0.00 | Full | Two Years | Two Months |
376 | 0.00 | 0.00 | Full | Two Years | Two Months |
377 | 0.00 | 0.00 | Full | Two Years | Two Months |
378 | 0.00 | 0.00 | Full | Two Years | Two Months |
379 | 0.00 | 0.00 | Full | Two Years | Two Months |
380 | 0.00 | 0.00 | Full | Two Years | Two Months |
381 | 0.00 | 0.00 | Full | Two Years | Two Months |
382 | 0.00 | 0.00 | Full | Two Years | Two Months |
383 | 0.00 | 0.00 | Full | Two Years | Two Months |
384 | 0.00 | 0.00 | Full | Two Years | Two Months |
385 | 0.00 | 0.00 | Full | Two Years | Two Months |
386 | 0.00 | 0.00 | Full | Two Years | Two Months |
387 | 0.00 | 0.00 | Full | Two Years | Two Months |
388 | 0.00 | 0.00 | Full | Two Years | Two Months |
389 | 0.00 | 0.00 | Full | Two Years | Two Months |
390 | 0.00 | 0.00 | Full | Two Years | Two Months |
MERSID | Organization |
1002793 | American Pacific |
1006318 | Bank of Commerce |
1006324 | Benchmark Bank |
1004333 | Castle & Cook |
1000302 | Cherry Creek |
1008808 | Cole Taylor Bank |
1000290 | Colonial Savings |
1001770 | Cornerstone |
1000497 | Embrace |
1000235 | Evergreen Home Loans |
1003924 | Fairway |
1008118 | Fidelity Bank Mortgage |
1002338 | First Republic |
1008498 | Flagstar Bank, F.S.B. |
1000522 | Franklin American Mortgage |
1001105 | Fremont Bank |
1003970 | GuardHill Financial Corp. |
1000199 | Guild Mortgage |
1011266 | Huntington |
1000953 | Megastar Financial |
1002956 | Monarch Bank |
1004639 | Paramount Equity |
1000200 | PHH Mortgage Corporation |
1001098 | Plaza Home Mortgage |
1000536 | Prime Lending |
1000342 | Prospect |
1000457 | Provident |
1000383 | RRAC/Cenlar |
1000324 | Shore Financial Services, Inc. |
1001863 | Sterling Savings Bank |
1005723 | Stifel |
1000458 | Umpqua |
1000312 | Wintrust Mortgage A Division of Barrington Bank & Trust Co |
1003626 | Boston Private |
ASF RMBS DISCLOSURE PACKAGE
The American Securitization Forum is a broad-based professional forum through which participants in the U.S. securitization market advocate their common interests on important legal, regulatory and market practice issues. ASF members include over 380 firms, including issuers, investors, servicers, financial intermediaries, rating agencies, financial guarantors, legal and accounting firms, and other professional organizations involved in securitization transactions. The ASF also provides information, education and training on a range of securitization market issues and topics through industry conferences, seminars and similar initiatives. For more information about ASF, its members and activities, please go to www.americansecuritization.com.
Field
Number
|
Field Name
|
Field Description
|
Type of
Field
|
Data Type
|
Sample Data
|
Format
|
When
Applicable?
|
Valid Values
|
Proposed
Unique
Coding
|
Notes
|
1
|
Primary Servicer
|
The MERS Organization ID of the company that has or will have the right to service the loan.
|
General Information
|
Numeric – Integer
|
2351805
|
9(7)
|
Always
|
”9999999” if Unknown
|
||
2
|
Servicing Fee—Percentage
|
Aggregate monthly fee paid to all servicers, stated in decimal form.
|
General Information
|
Numeric - Decimal
|
0.0025
|
9.999999
|
Loans without flat-dollar servicing fees
|
>= 0 and < 1
|
Must be populated if Field 3 is Null
|
|
3
|
Servicing Fee—Flat-dollar
|
Aggregate monthly fee paid to all servicers, stated as a dollar amount.
|
General Information
|
Numeric – Decimal
|
7.5
|
9(3).99
|
Loans with flat-dollar servicing fees
|
>= 0 and
<= 999
|
Must be populated if 2 is Null
|
|
4
|
Servicing Advance Methodology
|
The manner in which principal and/or interest are to be advanced by the servicer.
|
General Information
|
Numeric – Integer
|
2
|
99
|
Always
|
See Coding
|
1 = Scheduled Interest, Scheduled Principal
2 = Actual Interest, Actual Principal
3 = Scheduled Interest, Actual Principal
99 = Unknown
|
|
5
|
Originator
|
The MERS Organization ID of the entity that lends funds to the borrower and, in return, places a lien on the mortgage property as collateral.
|
General Information
|
Numeric – Integer
|
5938671
|
9(7)
|
Always
|
”9999999” if Unknown
|
||
6
|
Loan Group
|
Indicates the collateral group number in which the loan falls (for structures with multiple collateral groups). Use “1” if there is only one loan group.
|
General Information
|
Text
|
1A
|
XXXX
|
Always
|
“UNK” if Unknown
|
||
7
|
Loan Number
|
Unique National Mortgage Loan ID Number (Vendor TBD).
|
General Information
|
Numeric – Integer
|
TBD
|
TBD
|
Always
|
TBD
|
Details to be provided by Vendor
|
|
8
|
Amortization Type
|
Indicates whether the loan’s interest rate is fixed or adjustable (Hybrid ARMs are adjustable).
|
Loan Type
|
Numeric – Integer
|
2
|
99
|
Always
|
See Coding
|
1 = Fixed
2 = Adjustable
99 = Unknown
|
|
9
|
Lien Position
|
A number indicating the loan’s lien position (1 = first lien, etc.).
|
Loan Type
|
Numeric – Integer
|
1
|
99
|
Always
|
>0
|
99 = Unknown
|
|
10
|
HELOC Indicator
|
Indicates whether the loan is a home equity line of credit.
|
Loan Type
|
Numeric – Integer
|
1
|
99
|
Always
|
See Coding
|
0 = No
1 = Yes
99 = Unknown
|
|
11
|
Loan Purpose
|
Indicates the purpose of the loan.
|
Loan Type
|
Numeric – Integer
|
9
|
99
|
Always
|
See Coding
|
See Appendix A
|
|
12
|
Cash Out Amount
|
For “Cash-out” loans (see Glossary):
[NEW LOAN AMOUNT] – [PAID-OFF FIRST MORTGAGE LOAN AMOUNT] – [PAID-OFF SECOND MORTGAGE LOAN AMOUNT (if Second was used to purchase the property)] – [CLOSING COSTS].
|
Loan Type
|
Numeric – Decimal
|
72476.5
|
9(10).99
|
Always
|
>= 0
|
||
13
|
Total Origination and Discount Points (in dollars)
|
Amount paid to the lender to increase the lender’s effective yield and, in the case of discount points, to reduce the interest rate paid by the borrower.
|
Loan Type
|
Numeric – Decimal
|
5250
|
9(10).99
|
Always
|
>= 0
|
Typically Lines 801 and 802 of HUD Settlement Statement
|
|
14
|
Covered/High Cost Loan Indicator
|
Indicates whether the loan is categorized as “high cost” or “covered” according to state or federal statutes or regulations.
|
Loan Type
|
Numeric – Integer
|
1
|
99
|
Always
|
See Coding
|
0 = No
1 = Yes
99 = Unknown
|
|
15
|
Relocation Loan Indicator
|
Indicates whether the loan is part of a corporate relocation program.
|
Loan Type
|
Numeric – Integer
|
1
|
99
|
Always
|
See Coding
|
0 = No
1 = Yes
99 = Unknown
|
|
16
|
Broker Indicator
|
Indicates whether a broker took the application.
|
Loan Type
|
Numeric – Integer
|
1
|
99
|
Always
|
See Coding
|
0 = No
1 = Yes
99 = Unknown
|
|
17
|
Channel
|
Code indicating the source (channel) from which the Issuer obtained the mortgage loan.
|
Loan Type
|
Numeric – Integer
|
2
|
99
|
Always
|
See Coding
|
1 = Retail
2 = Broker
3 = Correspondent Bulk
4 = Correspondent Flow with delegated underwriting
5 = Correspondent Flow without delegated underwriting
99 = Unknown
|
|
18
|
Escrow Indicator
|
Indicates whether various homeownership expenses are paid by the borrower directly or through an escrow account (as of securitization cut-off date).
|
Loan Type
|
Numeric – Integer
|
3
|
99
|
Always
|
See Coding
|
0 = No Escrows
1 = Taxes
2 = Insurance
3 = HOA dues
4 = Taxes and Insurance
5 = All
99 =Unknown
|
|
19
|
Senior Loan Amount(s)
|
For non-first mortgages, the sum of the balances of all associated senior mortgages at the time of origination of the subordinate lien.
|
Mortgage Lien Info
|
Numeric – Decimal
|
611004.25
|
9(10).99
|
If Lien Position > 1
|
>= 0
|
||
20
|
Loan Type of Most Senior Lien
|
For non-first mortgages, indicates whether the associated first mortgage is a Fixed, ARM, Hybrid, or negative amortization loan.
|
Mortgage Lien Info
|
Numeric – Integer
|
2
|
99
|
If Lien Position > 1
|
See Coding
|
1 = Fixed Rate
2 = ARM
3 = Hybrid
4 = Neg Am
99 = Unknown
|
|
21
|
Hybrid Period of Most Senior Lien (in months)
|
For non-first mortgages where the associated first mortgage is a hybrid ARM, the number of months remaining in the initial fixed interest rate period for the hybrid first mortgage.
|
Mortgage Lien Info
|
Numeric – Integer
|
23
|
999
|
If Lien Position > 1
AND the most senior lien is a hybrid ARM (see Field 20)
|
>= 0
|
||
22
|
Neg Am Limit of Most Senior Lien
|
For non-first mortgages where the associated first mortgage features negative amortization, the maximum percentage by which the negatively amortizing balance may increase (expressed as a proportion of the senior lien’s original balance).
|
Mortgage Lien Info
|
Numeric – Decimal
|
1.25
|
9.999999
|
If Lien Position > 1
AND the senior lien is Neg Am (see Field 20)
|
>= 1 and <= 2
|
||
23
|
Junior Mortgage Balance
|
For first mortgages with subordinate liens at the time of origination, the combined balance of the subordinate liens (if known).
|
Mortgage Lien Info
|
Numeric – Decimal
|
51775.12
|
9(10).99
|
If Lien Position = 1 and there is a 2nd lien on the subject property
|
>= 0
|
Subject to Regulatory Confirmation
|
|
24
|
Origination Date of Most Senior Lien
|
For non-first mortgages, the origination date of the associated first mortgage.
|
Mortgage Lien Info
|
Date
|
20090914
|
YYYYMMDD
|
If Lien Position > 1 and there is a 2nd lien on the subject property
|
“19010101” if unknown
|
||
25
|
Origination Date
|
The date of the Mortgage Note and Mortgage/Deed of Trust
|
Loan Term and Amortization Type
|
Date
|
20090914
|
YYYYMMDD
|
Always
|
“19010101” if unknown
|
||
26
|
Original Loan Amount
|
The dollar amount of the mortgage loan, as specified on the mortgage note at the time of the loan’s origination. For HELOCs, the maximum available line of credit.
|
Loan Term and Amortization Type
|
Numeric – Decimal
|
150000
|
9(10).99
|
Always
|
>0
|
||
27
|
Original Interest Rate
|
The original note rate as indicated on the mortgage note.
|
Loan Term and Amortization Type
|
Numeric – Decimal
|
0.0475
|
9.999999
|
Always
|
> 0 and <= 1
|
||
28
|
Original Amortization Term
|
The number of months in which the loan would be retired if the amortizing principal and interest payment were to be paid each month.
|
Loan Term and Amortization Type
|
Numeric – Integer
|
360
|
999
|
Always
|
>= 60
|
||
29
|
Original Term to Maturity
|
The initial number of months between loan origination and the loan maturity date, as specified on the mortgage note.
|
Loan Term and Amortization Type
|
Numeric – Integer
|
60
|
999
|
Always
|
>0
|
N/A
|
|
30
|
First Payment Date of Loan
|
The date of the first scheduled mortgage payment to be made by the borrower as specified on the mortgage note.
|
Loan Term and Amortization Type
|
Date
|
20090914
|
YYYYMMDD
|
Always
|
“19010101” if unknown
|
N/A
|
|
31
|
Interest Type Indicator
|
Indicates whether the interest rate calculation method is simple or actuarial.
|
Loan Term and Amortization Type
|
Numeric – Integer
|
2
|
99
|
Always
|
See Coding
|
1= Simple
2 = Actuarial
99 = Unknown
|
|
32
|
Original Interest Only Term
|
Original interest-only term for a loan in months (including NegAm Loans).
|
Loan Term and Amortization Type
|
Numeric – Integer
|
60
|
999
|
Always
|
>= 0 and <= 240
Unknown = Blank;
No Interest Only Term = 0
|
||
33
|
Buy Down Period
|
The total number of months during which any buy down is in effect, representing the accumulation of all buy down periods.
|
Loan Term and Amortization Type
|
Numeric – Integer
|
65
|
999
|
Always
|
>= 0 and <= 100
Unknown = Blank;
No Buy Down = 0
|
||
34
|
HELOC Draw Period
|
The original number of months during which the borrower may draw funds against the HELOC account.
|
Loan Term and Amortization Type
|
Numeric – Integer
|
24
|
999
|
HELOCs Only
|
>= 12 and <= 120
|
||
35
|
Scheduled Loan Amount
|
Mortgage loan scheduled principal balance as of cut-off date. For HELOCs, the current drawn amount.
|
Loan Term and Amortization Type
|
Numeric – Decimal
|
248951.19
|
9(10).99
|
Always
|
>= 0
|
||
36
|
Current Interest Rate
|
The interest rate used to calculate the current P&I or I/O payment.
|
Loan Term and Amortization Type
|
Numeric – Decimal
|
0.05875
|
9.999999
|
Always
|
> 0 and <= 1
|
||
37
|
Current Payment Amount Due
|
Next Total Payment due to be collected (including principal, interest or both—but Exclude Escrow Amounts).
|
Loan Term and Amortization Type
|
Numeric – Decimal
|
1250.15
|
9(10).99
|
Always
|
> 0
|
||
38
|
Scheduled Interest Paid
Through Date
|
Loan Term and Amortization Type
|
Date
|
20090429
|
YYYYMMDD
|
Always
|
“19010101” if unknown
|
|||
39
|
Current Payment Status
|
Number of payments the borrower is past due as of the securitization cut-off date.
|
Loan Term and Amortization Type
|
Numeric – Integer
|
3
|
99
|
Always
|
>= 0
|
||
40
|
Index Type
|
Specifies the type of index to be used to determine the interest rate at each adjustment.
|
Adjustable Rate Mortgages (ARMs)
|
Numeric – Integer
|
18
|
99
|
ARMs Only
|
See Coding
|
See Appendix B
|
|
41
|
ARM Look-back Days
|
The number of days prior to the interest rate adjustment date to retrieve the index value.
|
Adjustable Rate Mortgages (ARMs)
|
Numeric – Integer
|
45
|
99
|
ARMs Only
|
>= 0 to <=99
|
||
42
|
Gross Margin
|
The percentage stated on the mortgage note representing the spread between the ARM Index value and the mortgage interest rate. The gross mortgage margin is added to the index value to establish a new gross interest rate in the manner prescribed on the mortgage note.
|
Adjustable Rate Mortgages (ARMs)
|
Numeric – Decimal
|
0.03
|
9.999999
|
ARMs Only
|
>0 and <= 1
|
||
43
|
ARM Round Flag
|
An indicator of whether an adjusted interest rate is rounded to the next higher ARM round factor, to the next lower round factor, or to the nearest round factor.
|
Adjustable Rate Mortgages (ARMs)
|
Numeric – Integer
|
3
|
9
|
ARMs Only
|
See Coding
|
0 = No Rounding
1 = Up
2 = Down
3 = Nearest
99=Unknown
|
|
44
|
ARM Round Factor
|
The percentage to which an adjusted interest rate is to be rounded.
|
Adjustable Rate Mortgages (ARMs)
|
Numeric – Decimal
|
0.0025 or 0.00125
|
9.999999
|
ARMs Only
Where ARM Round Flag = 1, 2, or 3
|
>= 0 and < 1
|
||
45
|
Initial Fixed Rate Period
|
For hybrid ARMs, the period between the first payment date of the mortgage and the first interest rate adjustment date.
|
Adjustable Rate Mortgages (ARMs)
|
Numeric – Integer
|
60
|
999
|
Hybrid ARMs Only
|
>= 1 to <=240
|
||
46
|
Initial Interest Rate Cap (Change Up)
|
The maximum percentage by which the mortgage note rate may increase at the first interest rate adjustment date.
|
Adjustable Rate Mortgages (ARMs)
|
Numeric – Decimal
|
0.02
|
9.999999
|
ARMs Only
|
>= 0 and <= 1
|
99=no cap
|
|
47
|
Initial Interest Rate Cap (Change Down)
|
The maximum percentage by which the mortgage note rate may decrease at the first interest rate adjustment date.
|
Adjustable Rate Mortgages (ARMs)
|
Numeric – Decimal
|
0.02
|
9.999999
|
ARMs Only
|
>= 0 and <= 1
|
99=no cap
|
|
48
|
Subsequent Interest Rate Reset Period
|
The number of months between subsequent rate adjustments.
|
Adjustable Rate Mortgages (ARMs)
|
Numeric – Integer
|
60
|
999
|
ARMs Only
|
>=0 and <= 120
|
0 = Loan does not adjust after initial reset
|
|
49
|
Subsequent Interest Rate (Change Down)
|
The maximum percentage by which the interest rate may decrease at each rate adjustment date after the initial adjustment.
|
Adjustable Rate Mortgages (ARMs)
|
Numeric – Decimal
|
0.02
|
9.999999
|
ARMs Only
|
>= 0 and <= 1
|
99=no cap
|
|
50
|
Subsequent Interest Rate Cap (Change Up)
|
The maximum percentage by which the interest rate may increase at each rate adjustment date after the initial adjustment.
|
Adjustable Rate Mortgages (ARMs)
|
Numeric – Decimal
|
0.02
|
9.999999
|
ARMs Only
|
>= 0 and <= 1
|
99=no cap
|
|
51
|
Lifetime Maximum Rate (Ceiling)
|
The maximum interest rate that can be in effect during the life of the loan.
|
Adjustable Rate Mortgages (ARMs)
|
Numeric – Decimal
|
0.125
|
9.999999
|
ARMs Only
|
>= 0 and <= 1
|
=1 if no ceiling specified
|
|
52
|
Lifetime Minimum Rate (Floor)
|
The minimum interest rate that can be in effect during the life of the loan.
|
Adjustable Rate Mortgages (ARMs)
|
Numeric – Decimal
|
0.015
|
9.999999
|
ARMs Only
|
>= 0 and <= 1
|
If no floor is specified enter the greater of the margin or 0.
|
|
53
|
Negative Amortization Limit
|
The maximum amount of negative amortization allowed before recast is required. (Expressed as a percentage of the original unpaid principal balance.)
|
Negative Amortization
|
Numeric – Decimal
|
1.25
|
9.999999
|
Negatively Amortizing ARMs Only
|
>=0, and <2
|
||
54
|
Initial Negative Amortization Recast Period
|
The number of months in which the payment is required to recast if the loan does not reach the prescribed maximum balance earlier.
|
Negative Amortization
|
Numeric – Integer
|
60
|
999
|
Negatively Amortizing ARMs Only
|
>=0
|
||
55
|
Subsequent Negative Amortization Recast Period
|
The number of months after which the payment is required to recast AFTER the first recast period.
|
Negative Amortization
|
Numeric – Integer
|
48
|
999
|
Negatively Amortizing ARMs Only
|
>=0
|
||
56
|
Initial Fixed Payment Period
|
Number of months after origination during which the payment is fixed.
|
Negative Amortization
|
Numeric – Integer
|
60
|
999
|
Negatively Amortizing Hybrid ARMs Only
|
>= 0 to <=120
|
||
57
|
Subsequent Payment Reset Period
|
Number of months between payment adjustments after first payment reset.
|
Negative Amortization
|
Numeric – Integer
|
12
|
999
|
Negatively Amortizing ARMs Only
|
>= 0 to <=120
|
||
58
|
Initial Periodic Payment Cap
|
The maximum percentage by which a payment can change (increase or decrease) in the first period.
|
Negative Amortization
|
Numeric – Decimal
|
0.075
|
9.999999
|
Negatively Amortizing ARMs Only
|
>= 0 and < 1
|
||
59
|
Subsequent Periodic Payment Cap
|
The maximum percentage by which a payment can change (increase or decrease) in one period after the initial cap.
|
Negative Amortization
|
Numeric – Decimal
|
0.075
|
9.999999
|
Negatively Amortizing ARMs Only
|
>= 0 and < 1
|
||
60
|
Initial Minimum Payment Reset Period
|
The maximum number of months a borrower can initially pay the minimum payment before a new minimum payment is determined.
|
Negative Amortization
|
Numeric – Integer
|
12
|
999
|
Negatively Amortizing ARMs Only
|
>= 0 to <=120
|
||
61
|
Subsequent Minimum Payment Reset Period
|
The maximum number of months (after the initial period) a borrower can pay the minimum payment before a new minimum payment is determined after the initial period.
|
Negative Amortization
|
Numeric – Integer
|
12
|
999
|
Negatively Amortizing ARMs Only
|
>= 0 to <=120
|
||
62
|
Option ARM Indicator
|
An indicator of whether the loan is an Option ARM.
|
Negative Amortization
|
Numeric – Integer
|
1
|
99
|
ARMs Only
|
See Coding
|
0 = No
1 = Yes
99 = Unknown
|
|
63
|
Options at Recast
|
The means of computing the lowest monthly payment available to the borrower after recast.
|
Option ARM
|
Numeric – Integer
|
2
|
99
|
Option ARMs Only
|
N/A
|
1= Fully amortizing 30 year
2= Fully amortizing 15 year
3=Fully amortizing 40 year
4 = Interest-Only
5 = Minimum Payment
99= Unknown
|
|
64
|
Initial Minimum Payment
|
The initial minimum payment the borrower is permitted to make.
|
Option ARM
|
Numeric – Decimal
|
879.52
|
99
|
Option ARMs Only
|
>=0
|
||
65
|
Current Minimum Payment
|
Current Minimum Payment (in dollars).
|
Negative Amortization
|
Numeric – Decimal
|
250
|
9(10).99
|
Option ARMs Only
|
>= 0
|
||
66
|
Prepayment Penalty Calculation
|
A description of how the prepayment penalty would be calculated during each phase of the prepayment penalty term.
|
Prepayment Penalties
|
Numeric – Integer
|
12
|
99
|
Always
|
See Coding
|
See Appendix C
|
|
67
|
Prepayment Penalty Type
|
• Hard: The prepayment penalty is incurred regardless of the reason the loan is prepaid in full.
• Hybrid: The prepayment penalty can be characterized as hard for a certain amount of time and as soft during another period.
|
Prepayment Penalties
|
Numeric – Integer
|
1
|
99
|
All loans with Prepayment Penalties (i.e., loans for which Field 66 = something other than “0”)
|
See Coding
|
1 = Hard
2 = Soft
3 = Hybrid
99 = Unknown
|
|
68
|
Prepayment Penalty Total Term
|
The total number of months that the prepayment penalty may be in effect.
|
Prepayment Penalties
|
Numeric – Integer
|
60
|
999
|
All loans with Prepayment Penalties (i.e., loans for which Field 66 = something other than “0”)
|
>0 to <=120
|
||
69
|
Prepayment Penalty Hard Term
|
For hybrid prepayment penalties, the number of months during which a “hard” prepayment penalty applies.
|
Prepayment Penalties
|
Numeric – Integer
|
12
|
999
|
Loans with Hybrid Prepayment Penalties (i.e., loans for which Field 67 = “3”)
|
>= 0 to <=120
|
||
70
|
Primary Borrower ID
|
A lender-generated ID number for the primary borrower on the mortgage
|
Borrower
|
Numeric—Integer
|
123456789
|
999999999
|
Always
|
>0
|
Used to identify the number of times a single borrower appears in a given deal.
|
|
71
|
Number of Mortgaged Properties
|
The number of residential properties owned by the borrower that currently secure mortgage loans.
|
Borrower
|
Numeric – Integer
|
1
|
99
|
Always
|
> 0
|
||
72
|
Total Number of Borrowers
|
The number of Borrowers who are obligated to repay the mortgage note.
|
Borrower
|
Numeric – Integers
|
2
|
99
|
Always
|
> 0
|
||
73
|
Self-employment Flag
|
An indicator of whether the primary borrower is self-employed.
|
Borrower
|
Numeric – Integer
|
1
|
99
|
Always
|
See Coding
|
0 = No
1 = Yes
99 = Unknown
|
|
74
|
Current ‘Other’ Monthly Payment
|
The aggregate of all payments pertaining to the subject property other than principal and interest (includes common charges, condo fees, T&I, HOA, etc.), whether escrowed or not.
|
Loan Term and Amortization Type
|
Numeric – Decimal
|
1789.25
|
9(10).99
|
Always
|
> 0
|
||
75
|
Length of Employment: Borrower
|
The number of years of service with the borrower’s current employer as of the date of the loan.
|
Borrower Qualification
|
Numeric – Decimal
|
3.5
|
99.99
|
Always
|
>=0
|
99 = Retired, None employment income soure (social security, trust income, dividends, etc.)
|
|
76
|
Length of Employment: Co-Borrower
|
The number of years of service with the co-borrower’s current employer as of the date of the loan.
|
Borrower Qualification
|
Numeric – Decimal
|
3.5
|
99.99
|
If “Total Number of Borrowers” > 1
|
>= 0
|
99 = Retired, None employment income soure (social security, trust income, dividends, etc.)
|
|
77
|
Years in Home
|
Length of time that the borrower has been at current address.
|
Borrower Qualification
|
Numeric – Decimal
|
14.5
|
99.99
|
Refinances of Primary Residences Only (Loan Purpose = 1, 2, 3, 4, 8 or 9)
|
> 0
|
||
78
|
FICO Model Used
|
Indicates whether the FICO score was calculated using the Classic, Classic 08, or Next Generation model.
|
Borrower Qualification
|
Numeric – Integer
|
1
|
99
|
If a FICO score was obtained
|
See Coding
|
1 = Classic
2 = Classic 08
3 = Next Generation
99 = Unknown
|
|
79
|
Most Recent FICO Date
|
Specifies the date on which the most recent FICO score was obtained
|
Borrower Qualification
|
Date
|
20090914
|
YYYYMMDD
|
If a FICO score was obtained
|
“19010101” if unknown
|
Issuers unable to Provide may Rep and Warrant that the FICO score used for underwriting was not more than 4 months old at the date of issuance.
|
|
80
|
Primary Wage Earner Original FICO: Equifax
|
Equifax FICO score for primary borrower (if applicable).
|
Borrower Qualification
|
Numeric – Integer
|
720
|
9999
|
If a FICO score was obtained
|
>= 350 and <= 850
|
||
81
|
Primary Wage Earner Original FICO: Experian
|
Experian FICO score for primary borrower (if applicable).
|
Borrower Qualification
|
Numeric – Integer
|
720
|
9999
|
If a FICO score was obtained
|
>= 350 and <= 850
|
||
82
|
Primary Wage Earner Original FICO: TransUnion
|
TransUnion FICO score for primary borrower (if applicable).
|
Borrower Qualification
|
Numeric – Integer
|
720
|
9999
|
If a FICO score was obtained
|
>= 350 and <= 850
|
||
83
|
Secondary Wage Earner Original FICO: Equifax
|
Equifax FICO score for Co-borrower (if applicable).
|
Borrower Qualification
|
Numeric – Integer
|
720
|
9999
|
If “Total Number of Borrowers” > 1
|
>= 350 and <= 850
|
||
84
|
Secondary Wage Earner Original FICO: Experian
|
Experian FICO score for Co-borrower (if applicable).
|
Borrower Qualification
|
Numeric – Integer
|
720
|
9999
|
If “Total Number of Borrowers” > 1
|
>= 350 and <= 850
|
||
85
|
Secondary Wage Earner Original FICO: TransUnion
|
TransUnion FICO score for Co-borrower (if applicable).
|
Borrower Qualification
|
Numeric – Integer
|
720
|
9999
|
If “Total Number of Borrowers” > 1
|
>= 350 and <= 850
|
||
86
|
Most Recent Primary Borrower FICO
|
Most Recent Primary Borrower FICO score used by the lender to approve the loan.
|
Borrower Qualification
|
Numeric – Integer
|
720
|
9999
|
If a FICO score was obtained
|
>= 350 and <= 850
|
||
87
|
Most Recent Co-Borrower FICO
|
Most Recent Co-Borrower FICO score used by the lender to approve the loan.
|
Borrower Qualification
|
Numeric – Integer
|
720
|
9999
|
If “Total Number of Borrowers” > 1
|
>= 350 and <= 850
|
||
88
|
Most Recent FICO Method
|
Number of credit repositories used to update the FICO Score.
|
Borrower Qualification
|
Numeric – Integer
|
2
|
9
|
If a FICO score was obtained
|
>0
|
||
89
|
VantageScore: Primary Borrower
|
Credit Score for the Primary Borrower used to approve the loan and obtained using the Vantage credit evaluation model.
|
Borrower Qualification
|
Numeric – Integer
|
720
|
9999
|
If a Vantage Credit Score was obtained
|
>= 501 and <= 990
|
||
90
|
VantageScore: Co-Borrower
|
Credit Score for the Co-borrower used to approve the loan and obtained using the Vantage credit evaluation model.
|
Borrower Qualification
|
Numeric – Integer
|
720
|
9999
|
If a VantageScore was obtained AND “Total Number of Borrowers” > 1
|
>= 501 and <= 990
|
||
91
|
Most Recent VantageScore Method
|
Number of credit repositories used to update the Vantage Score.
|
Borrower Qualification
|
Numeric – Integer
|
2
|
9
|
If a Vantage Credit Score was obtained
|
>0
|
||
92
|
VantageScore Date
|
Date Vantage Credit Score was obtained.
|
Borrower Qualification
|
Date
|
20090914
|
YYYYMMDD
|
If a Vantage Credit Score was obtained
|
“19010101” if unknown
|
||
93
|
Credit Report: Longest Trade Line
|
The length of time in months that the oldest active trade line, installment or revolving, has been outstanding. For a loan with more than one borrower, populate field based on status for the primary borrower.
|
Borrower Qualification
|
Numeric – Integer
|
999
|
999
|
Always
|
> =0
|
Subject to Regulatory Confirmation
|
|
94
|
Credit Report: Maximum Trade Line
|
The dollar amount for the trade line, installment or revolving, with the largest unpaid balance. For revolving lines of credit, e.g. credit card, the dollar amount reported should reflect the maximum amount of credit available under the credit line whether used or not. For a loan with more than one borrower, populate field based on status for the primary borrower.
|
Borrower Qualification
|
Numeric – Decimal
|
339420.19
|
9(10).99
|
Always
|
>=0
|
Subject to Regulatory Confirmation
|
|
95
|
Credit Report: Number of Trade Lines
|
A count of non-derogatory, currently open and active, consumer trade lines (installment or revolving) for the borrower. For a loan with more than one borrower, populate field based on status for the primary borrower.
|
Borrower Qualification
|
Numeric – Integer
|
57
|
999
|
Always
|
>=0
|
Subject to Regulatory Confirmation
|
|
96
|
Credit Line Usage Ratio
|
Sum of credit balances divided by sum of total open credit available.
|
Borrower Qualification
|
Numeric – Decimal
|
0.27
|
9.999999
|
Always
|
>= 0 and <= 1
|
Subject to Regulatory Confirmation
|
|
97
|
Most Recent 12-month Pay History
|
String indicating the payment status per month listed from oldest to most recent.
|
Borrower Qualification
|
Text
|
77X123200001
|
X(12)
|
Always
|
See Coding
|
0 = Current
1 = 30-59 days delinquent
2 = 60-89 days delinquent
3 = 90-119 days delinquent
4 = 120+ days delinquent
5 = Foreclosure
6 = REO
7 = Loan did not exist in period
X = Unavailable
|
|
98
|
Months Bankruptcy
|
Number of months since any borrower was discharged from bankruptcy. (Issuers unable to provide this information may rep and warrant that at least x years—as specified in the loan program—have passed since most recent discharge from bankruptcy.)
|
Borrower Qualification
|
Numeric – Integer
|
12
|
999
|
If Borrower has ever been in Bankruptcy
|
>= 0
|
Blank = Borrower is not known to have been in bankruptcy
|
|
99
|
Months Foreclosure
|
Number of months since foreclosure sale date. (Issuers unable to provide this information may rep and warrant that at least x years—as specified in the loan program— have passed since most recent foreclosure.)
|
Borrower Qualification
|
Numeric – Integer
|
12
|
999
|
If Borrower has ever been in Foreclosure
|
>= 0
|
Blank = Borrower is not known to have been in foreclosure
|
|
100
|
Primary Borrower Wage Income
|
Monthly base wage income for primary borrower.
|
Borrower Qualification
|
Numeric – Decimal
|
9000
|
9(9).99
|
Always
|
>= 0
|
||
101
|
Co-Borrower Wage Income
|
Monthly base wage income for all other borrowers.
|
Borrower Qualification
|
Numeric – Decimal
|
9000
|
9(9).99
|
If “Total Number of Borrowers” > 1
|
>= 0
|
||
102
|
Primary Borrower Other Income
|
Monthly Other (non-wage) income for primary borrower. (This figure should include net rental income and be reduced by any net rental loss.)
|
Borrower Qualification
|
Numeric – Decimal
|
9000
|
9(9).99
|
Always
|
>= 0
|
||
103
|
Co-Borrower Other Income
|
Monthly Other (non-wage) income for all other borrowers. (This figure should include net rental income and be reduced by any net rental loss.)
|
Borrower Qualification
|
Numeric – Decimal
|
9000
|
9(9).99
|
If “Total Number of Borrowers” > 1
|
>= 0
|
||
104
|
All Borrower Wage Income
|
Monthly income of all borrowers derived from base salary only.
|
Borrower Qualification
|
Numeric – Decimal
|
9000
|
9(9).99
|
Always
|
>= 0
|
||
105
|
All Borrower Total Income
|
Monthly income of all borrowers derived from base salary, commission, tips and gratuities, overtime and bonuses, part-time or second-job earnings, alimony, child support, interest and dividend income, notes receivable, trust income, net rental income, retirement income, social security, veterans income, military income, foster care income, and self-employed income.
|
Borrower Qualification
|
Numeric – Decimal
|
9000
|
9(9).99
|
Always
|
>= 0
|
||
106
|
4506-T Indicator
|
A yes/no indicator of whether a Transcript of Tax Return (received pursuant to the filing of IRS Form 4506-T) was obtained and considered.
|
Borrower Qualification
|
Numeric – Integer
|
1
|
99
|
Always
|
See Coding
|
0 = No
1 = Yes
99 = Unknown
|
|
107
|
Borrower Income Verification Level
|
A code indicating the extent to which the borrower’s income has been verified:
Level 4 Income Verification = [W-2 (Prev. Yr.) OR TAX RETURNS* (Prev. Yr.)] AND PAY STUBS (YTD (at least one month)–if salaried)
Level 5 Income Verification = 24 months income verification (W-2s, pay stubs, bank statements and/or tax returns**)
*For self-employed borrowers: Level 4 Income Verification:
• 2 Years Tax Returns
• Self-prepared tax returns (regardless of 4506 and tax transcripts)
** For self-employed borrowers: Level 5 Income Verification:
• 2 Years tax returns
• Tax returns prepared and not executed by a CPA, with
o CPA name & phone number shown on the Preparer section of the tax return
o Executed 4506 and tax transcripts (matching returns in file)
• Tax returns prepared and executed by a CPA (regardless of 4506 and tax transcripts)
|
Borrower Qualification
|
Numeric – Integer
|
1
|
9
|
Always
|
See Coding
|
1 = Not Stated, Not Verified
2 = Stated, Not Verified
3 = Stated, “Partially” Verified
4 = Stated, “Level 4” Verified (as defined)
5 = Stated, “Level 5” Verified (as defined)
|
|
108
|
Co-Borrower Income Verification
|
A code indicating the extent to which the co-borrower’s income has been verified:
Level 4 Income Verification = [W-2 (Prev. Yr.) OR TAX RETURNS* (Prev. Yr.)] AND PAY STUBS (YTD (at least one month)–if salaried)
Level 5 Income Verification = 24 months income verification (W-2s, pay stubs, bank statements and/or tax returns**)
*For self-employed borrowers: Level 4 Income Verification:
• 2 Years Tax Returns
• Self-prepared tax returns (regardless of 4506 and tax transcripts)
** For self-employed borrowers: Level 5 Income Verification:
• 2 Years tax returns
• Tax returns prepared and not executed by a CPA, with
o CPA name & phone number shown on the Preparer section of the tax return
o Executed 4506 and tax transcripts (matching returns in file)
• Tax returns prepared and executed by a CPA (regardless of 4506 and tax transcripts)
|
Borrower Qualification
|
Numeric – Integer
|
2
|
9
|
If “Total Number of Borrowers” > 1
|
See Coding
|
1 = Not Stated, Not Verified
2 = Stated, Not Verified
3 = Stated, “Partially” Verified
4 = Stated, “Level 4” Verified (as defined)
5 = Stated, “Level 5” Verified (as defined)
|
|
109
|
Borrower Employment Verification
|
A code indicating the extent to which the primary borrower’s employment has been verified:
Level 3 Verified = Direct Independent Verification with a third party of the borrower’s current employment.
|
Borrower Qualification
|
Numeric – Integer
|
2
|
9
|
Always
|
See Coding
|
1 = Not Stated, Not Verified
2 = Stated, Not Verified
3 = Stated, Level 3 Verified (as defined)
|
|
110
|
Co-Borrower Employment Verification
|
A code indicating the extent to which the co-borrower’s employment has been verified:
Level 3 Verified = Direct Independent Verification with a third party of the co-borrower’s current employment.
|
Borrower Qualification
|
Numeric – Integer
|
1
|
9
|
If “Total Number of Borrowers” > 1
|
See Coding
|
1 = Not Stated, Not Verified
2 = Stated, Not Verified
3 = Stated, Level 3 Verified (as defined)
|
|
111
|
Borrower Asset Verification
|
A code indicating the extent to which the primary borrower’s assets used to qualify the loan have been verified:
Level 4 Verified = 2 months of bank statements/balance documentation (written or electronic) for liquid assets (or gift letter).
|
Borrower Qualification
|
Numeric – Integer
|
3
|
9
|
Always
|
See Coding
|
1 = Not Stated, Not Verified
2 = Stated, Not Verified
3 = Stated, “Partially” Verified
4 = Stated, Level 4 Verified (as defined)
|
|
112
|
Co-Borrower Asset Verification
|
A code indicating the extent to which the co-borrower’s assets used to qualify the loan have been verified:
Level 4 = 2 months of bank statements/balance documentation (written or electronic) for liquid assets (or gift letter).
|
Borrower Qualification
|
Numeric – Integer
|
2
|
9
|
If “Total Number of Borrowers” > 1
|
See Coding
|
1 = Not Stated, Not Verified
2 = Stated, Not Verified
3 = Stated, “Partially” Verified
4 = Stated, Level 4 Verified (as defined)
|
|
113
|
Liquid / Cash Reserves
|
The actual dollar amount of remaining verified liquid assets after settlement. (This should not include cash out amount of subject loan.)
|
Borrower Qualification
|
Numeric – Decimal
|
3242.76
|
9(9).99
|
Always
|
>= 0
|
||
114
|
Monthly Debt All Borrowers
|
The aggregate monthly payment due on other debt (excluding only installment loans with fewer than 10 payments remaining and other real estate loans used to compute net rental income— which is added/subtracted in the income fields).
|
Borrower Qualification
|
Numeric – Decimal
|
3472.43
|
9(9).99
|
Always
|
>= 0
|
||
115
|
Originator DTI
|
Total Debt to income ratio used by the originator to qualify the loan.
|
Borrower Qualification
|
Numeric – Decimal
|
0.35
|
9.999999
|
Always
|
>= 0 and >= 1
|
||
116
|
Fully Indexed Rate
|
The fully indexed interest rate as of securitization cut-off.
|
Borrower Qualification
|
Numeric – Decimal
|
0.0975
|
9.999999
|
ARMs Only
|
>= 0 and >= 1
|
||
117
|
Qualification Method
|
Type of mortgage payment used to qualify the borrower for the loan.
|
Borrower Qualification
|
Numeric – Integer
|
3
|
99
|
Always
|
See Coding
|
1 = Start Rate
2 = First Year Cap Rate
3 = I/O Amount
4 = Fully Indexed
5 = Min Payment
98 = Other
99 = Unknown
|
|
118
|
Percentage of Down Payment from Borrower Own Funds
|
Include only borrower funds, do not include any gift or borrowed funds. (Issuers may provide the actual percentage for each loan, or the guideline percentage and note departure concentration on the transaction summary.)
|
Borrower Qualification
|
Numeric – Decimal
|
0.5
|
9.999999
|
Purchase Loans Only
|
>= 0 and >= 1
|
||
119
|
City
|
The name of the city.
|
Subject Property
|
Text
|
New York
|
X(45)
|
Always
|
Unk=Unknown
|
||
120
|
State
|
The name of the state as a 2-digit Abbreviation.
|
Subject Property
|
Text
|
NY
|
XX
|
Always
|
See Coding
|
See Appendix H
|
|
121
|
Postal Code
|
The postal code (zip code in the US) where the subject property is located.
|
Subject Property
|
Text
|
10022
|
X(5)
|
Always
|
Unk=Unknown
|
||
122
|
Property Type
|
Specifies the type of property being used to secure the loan.
|
Subject Property
|
Numeric – Integer
|
11
|
99
|
Always
|
See Coding
|
See Appendix D
|
|
123
|
Occupancy
|
Specifies the property occupancy status (e.g., owner-occupied, investment property, second home, etc.).
|
Subject Property
|
Numeric – Integer
|
4
|
9
|
Always
|
See Coding
|
See Appendix E
|
|
124
|
Sales Price
|
The negotiated price of a given property between the buyer and seller.
|
Subject Property
|
Numeric – Decimal
|
450000.23
|
9(10).99
|
Purchase Loans Only
|
> 0
|
||
125
|
Original Appraised Property Value
|
The appraised value of the property used to approve the loan.
|
Subject Property
|
Numeric – Decimal
|
550000.23
|
9(10).99
|
Always
|
> 0
|
||
126
|
Original Property Valuation Type
|
Specifies the method by which the property value (at the time of underwriting) was reported.
|
Subject Property
|
Numeric – Integer
|
8
|
99
|
Always
|
See Coding
|
See Appendix F
|
|
127
|
Original Property Valuation Date
|
Specifies the date on which the original property value (at the time of underwriting) was reported. (Issuers unable to provide may Rep and Warrant that the appraisal used for underwriting was not more than x days old at time of loan closing.)
|
Subject Property
|
Date
|
20090914
|
YYYYMMDD
|
Always
|
“19010101” if unknown
|
||
128
|
Original Automated Valuation Model (AVM) Model Name
|
The name of the AVM Vendor if an AVM was used to determine the original property valuation.
|
Subject Property
|
Numeric – Integer
|
1
|
99
|
Always
|
See Appendix I
|
See Appendix I
|
|
129
|
Original AVM Confidence Score
|
The confidence range presented on the AVM report.
|
Subject Property
|
Numeric – Decimal
|
0.74
|
9.999999
|
If AVM Model Name (Field 127) > 0
|
>= 0 to <= 1
|
||
130
|
Most Recent Property Value[1]
|
If a valuation was obtained subsequent to the valuation used to calculate LTV, the most recent property value.
|
Subject Property
|
Numeric – Decimal
|
500000
|
9(10).99
|
If updated value was obtained subsequent to loan approval
|
> 0
|
||
131
|
Most Recent Property Valuation Type
|
If an additional property valuation was obtained after the valuation used for underwriting purposes, the method by which the property value was reported.
|
Subject Property
|
Numeric – Integer
|
6
|
9
|
If updated value was obtained subsequent to loan approval
|
See Coding
|
See Appendix F
|
|
132
|
Most Recent Property Valuation Date
|
Specifies the date on which the updated property value was reported.
|
Subject Property
|
Date
|
20090914
|
YYYYMMDD
|
If updated value was obtained subsequent to loan approval
|
“19010101” if unknown
|
||
133
|
Most Recent AVM Model Name
|
The name of the AVM Vendor if an AVM was used to determine the updated property valuation.
|
Subject Property
|
Numeric – Integer
|
19
|
99
|
If updated value was obtained subsequent to loan approval
|
See Coding
|
See Appendix I
|
|
134
|
Most Recent AVM Confidence Score
|
If AVM used to determine the updated property valuation, the confidence range presented on the AVM report.
|
Subject Property
|
Numeric – Decimal
|
0.85
|
9.999999
|
If “Most Recent AVM Model Name” > 0
|
>= 0 to <= 1
|
||
135
|
Original CLTV
|
The ratio obtained by dividing the amount of all known outstanding mortgage liens on a property at origination by the lesser of the appraised value or the sales price.
|
Loan-to-Value (LTV)
|
Numeric – Decimal
|
0.96
|
9.999999
|
Always
|
>= 0 and <= 1.5
|
||
136
|
Original LTV
|
The ratio obtained by dividing the original mortgage loan amount on the note date by the lesser of the mortgaged property’s appraised value on the note date or its purchase price.
|
Loan-to-Value (LTV)
|
Numeric – Decimal
|
0.8
|
9.999999
|
Always
|
>= 0 and <= 1.25
|
||
137
|
Original Pledged Assets
|
The total value of assets pledged as collateral for the loan at the time of origination. Pledged assets may include cash or marketable securities.
|
Loan-to-Value (LTV)
|
Numeric – Decimal
|
75000
|
9(10).99
|
Always
|
>=0
|
||
138
|
Mortgage Insurance Company Name
|
The name of the entity providing mortgage insurance for a loan.
|
Mortgage Insurance
|
Numeric – Integer
|
3
|
99
|
Always
|
See Coding
|
See Appendix G
|
|
139
|
Mortgage Insurance Percent
|
Mortgage Insurance coverage percentage.
|
Mortgage Insurance
|
Numeric – Decimal
|
0.25
|
9.999999
|
“Mortgage Insurance Company Name” > 0
|
>= 0 to <= 1
|
||
140
|
MI: Lender or Borrower Paid?
|
An indicator of whether mortgage insurance is paid by the borrower or the lender.
|
Mortgage Insurance
|
Numeric – Integer
|
1
|
99
|
“Mortgage Insurance Company Name” > 0
|
See Coding
|
1 = Borrower-Paid
2 = Lender- Paid
99 = Unknown
|
|
141
|
Pool Insurance Co. Name
|
Name of pool insurance provider.
|
Mortgage Insurance
|
Numeric – Integer
|
8
|
99
|
Always
|
See Coding
|
See Appendix G
|
|
142
|
Pool Insurance Stop Loss %
|
The aggregate amount that a pool insurer will pay, calculated as a percentage of the pool balance.
|
Mortgage Insurance
|
Numeric – Decimal
|
0.25
|
9.999999
|
Pool MI Company > 0
|
>= 0 to <= 1
|
||
143
|
MI Certificate Number
|
The unique number assigned to each individual loan insured under an MI policy.
|
Mortgage Insurance
|
Text
|
123456789G
|
X(20)
|
MI Company
> 0
|
UNK = Unknown
|
||
144
|
Updated DTI
(Front-end)
|
Updated front-end DTI ratio (total monthly housing expense divided by total monthly income) used to qualify the loan modification.
|
Loan Modifications (Pertains only to loans modified for loss mitigation purposes)
|
Numeric – Decimal
|
0.35
|
9.999999
|
Modified Loans Only
|
>= 0 and >= 1
|
||
145
|
Updated DTI
(Back-end)
|
Updated back-end DTI ratio (total monthly debt expense divided by total monthly income) used to qualify the loan modification.
|
Loan Modifications (Pertains only to loans modified for loss mitigation purposes)
|
Numeric – Decimal
|
0.35
|
9.999999
|
Modified Loans Only
|
>= 0 and >= 1
|
||
146
|
Modification Effective Payment Date
|
Date of first payment due post modification.
|
Loan Modifications (Pertains only to loans modified for loss mitigation purposes)
|
Date
|
20090914
|
YYYYMMDD
|
Modified Loans Only
|
“19010101” if unknown
|
||
147
|
Total Capitalized Amount
|
Amount added to the principal balance of a loan due to the modification.
|
Loan Modifications (Pertains only to loans modified for loss mitigation purposes)
|
Numeric – Decimal
|
12000
|
9(10).99
|
Modified Loans Only
|
>= 0
|
||
148
|
Total Deferred Amount
|
Any non-interest-bearing deferred amount (e.g., principal, interest and fees).
|
Loan Modifications (Pertains only to loans modified for loss mitigation purposes)
|
Numeric – Decimal
|
12000
|
9(10).99
|
Modified Loans Only
|
>= 0
|
||
149
|
Pre-Modification Interest (Note) Rate
|
Scheduled Interest Rate Of The Loan Immediately Preceding The Modification Effective Payment Date.
|
Loan Modifications (Pertains only to loans modified for loss mitigation purposes)
|
Numeric – Decimal
|
0.075
|
9.999999
|
Modified Loans Only
|
>= 0 to <= 1
|
||
150
|
Pre-Modification P&I Payment
|
Scheduled Total Principal And Interest Payment Amount Preceding The Modification Effective Payment Date – or if servicer is no longer advancing P&I, the payment that would be in effect if the loan were current.
|
Loan Modifications (Pertains only to loans modified for loss mitigation purposes)
|
Numeric – Decimal
|
2310.57
|
9(10).99
|
Modified Loans Only
|
> 0
|
||
151
|
Pre-Modification Initial Interest Rate Change Downward Cap
|
Maximum amount the rate can adjust downward on the first interest rate adjustment date (prior to modification) – Only provide if the rate floor is modified.
|
Loan Modifications (Pertains only to loans modified for loss mitigation purposes)
|
Numeric – Decimal
|
0.015
|
9.999999
|
Modified Loans Only
|
>= 0 to <= 1
|
||
152
|
Pre-Modification Subsequent Interest Rate Cap
|
Maximum increment the rate can adjust upward AFTER the initial rate adjustment (prior to modification) – Only provide if the Cap is modified.
|
Loan Modifications (Pertains only to loans modified for loss mitigation purposes)
|
Numeric – Decimal
|
0.015
|
9.999999
|
Modified Loans Only
|
>= 0 to <= 1
|
||
153
|
Pre-Modification Next Interest Rate Change Date
|
Next Interest Reset Date Under The Original Terms Of The Loan (one month prior to new payment due date).
|
Loan Modifications (Pertains only to loans modified for loss mitigation purposes)
|
Date
|
20090914
|
YYYYMMDD
|
Modified Loans Only
|
“19010101” if unknown
|
||
154
|
Pre-Modification I/O Term
|
Interest Only Term (in months) preceding The Modification Effective Payment Date.
|
Loan Modifications (Pertains only to loans modified for loss mitigation purposes)
|
Numeric – Integer
|
36
|
999
|
Modified Loans Only
|
>= 0 to <= 120
|
||
155
|
Forgiven Principal Amount
|
The sum total of all principal balance reductions (as a result of loan modification) over the life of the loan.
|
Loan Modifications (Pertains only to loans modified for loss mitigation purposes)
|
Numeric – Decimal
|
12000
|
9(10).99
|
Modified Loans Only
|
>= 0
|
||
156
|
Forgiven Interest Amount
|
The sum total of all interest incurred and forgiven (as a result of loan modification) over the life of the loan.
|
Loan Modifications (Pertains only to loans modified for loss mitigation purposes)
|
Numeric – Decimal
|
12000
|
9(10).99
|
Modified Loans Only
|
>= 0
|
||
157
|
Number of Modifications
|
The number of times the loan has been modified.
|
Loan Modifications (Pertains only to loans modified for loss mitigation purposes)
|
Numeric – Integer
|
1
|
9
|
Modified Loans Only
|
>= 0
|
||
MH-1
|
Real Estate Interest
|
Indicates whether the property on which the manufactured home is situated is owned outright or subject to the terms of a short- or long-term lease. (A long-term lease is defined as a lease whose term is greater than or equal to the loan term.)
|
Manufactured Housing
|
Numeric – Integer
|
2
|
99
|
Manufactured Housing Loans Only
|
See Coding
|
1 = Owned
2 = Short-term lease
3 = Long-term lease
99 = Unavailable
|
|
MH-2
|
Community Ownership Structure
|
If the manufactured home is situated in a community, a means of classifying ownership of the community.
|
Manufactured Housing
|
Numeric – Integer
|
2
|
99
|
Manufactured Housing Loans Only
|
See Coding
|
1 = Public Institutional
2 = Public Non-Institutional
3 = Private Institutional
4 = Private Non-Institutional
5 = HOA-Owned
6 = Non-Community
99 = Unavailable
|
|
MH-3
|
Year of Manufacture
|
The year in which the home was manufactured (Model Year — YYYY Format). Required only in cases where a full appraisal is not provided.
|
Manufactured Housing
|
Numeric – Integer
|
2006
|
YYYY
|
Manufactured Housing Loans Only
|
1901 = Unavailable
|
||
MH-4
|
HUD Code Compliance Indicator (Y/N)
|
Indicates whether the home was constructed in accordance with the 1976 HUD code. In general, homes manufactured after 1976 comply with this code.
|
Manufactured Housing
|
Numeric – Integer
|
1
|
9
|
Manufactured Housing Loans Only
|
See Codes
|
0 = No
1 = Yes
99 = Unavailable
|
|
MH-5
|
Gross Manufacturer’s Invoice Price
|
The total amount that appears on the manufacturer’s invoice (typically includes intangible costs such as transportation, association, on-site setup, service and warranty costs, taxes, dealer incentives, and other fees).
|
Manufactured Housing
|
Numeric – Decimal
|
72570.62
|
9(10).99
|
Manufactured Housing Loans Only
|
>= 0
|
||
MH-6
|
LTI (Loan-to-Invoice) Gross
|
The ratio of the loan amount divided by the Gross Manufacturer’s Invoice Price (Field MH-5).
|
Manufactured Housing
|
Numeric – Decimal
|
0.75
|
9.999999
|
Manufactured Housing Loans Only
|
>= 0 to <= 1
|
||
MH-7
|
Net Manufacturer’s Invoice Price
|
The Gross Manufacturer’s Invoice Price (Field MH-5) minus intangible costs, including: transportation, association, on-site setup, service, and warranty costs, taxes, dealer incentives, and other fees.
|
Manufactured Housing
|
Numeric – Decimal
|
61570.62
|
9(10).99
|
Manufactured Housing Loans Only
|
>= 0
|
||
MH-8
|
LTI (Net)
|
The ratio of the loan amount divided by the Net Manufacturer’s Invoice Price (Field MH-7).
|
Manufactured Housing
|
Numeric – Decimal
|
0.62
|
9.999999
|
Manufactured Housing Loans Only
|
>= 0 to <= 1
|
||
MH-9
|
Manufacturer Name
|
The manufacturer of the subject property. (To be applied only in cases where no appraised value/other type of property valuation is available.)
|
Manufactured Housing
|
Text
|
“XYZ Corp”
|
Char (100)
|
Manufactured Housing Loans Only (where no appraised value is provided)
|
MH Manufacturer name in double quotation marks
|
||
MH-10
|
Model Name
|
The model name of the subject property. (To be applied only in cases where no appraised value/other type of property valuation is available.)
|
Manufactured Housing
|
Text
|
“DX5-916-X”
|
Char (100)
|
Manufactured Housing Loans Only (where no appraised value is provided)
|
MH Model name in double quotation marks
|
||
MH-11
|
Down Payment Source
|
An indicator of the source of the down payment used by the borrower to acquire the property and qualify for the mortgage.
|
Manufactured Housing
|
Numeric – Integer
|
2
|
99
|
Manufactured Housing Loans Only
|
See Codes
|
1 = Cash
2 = Proceeds from trade in
3 = Land in Lieu
4 = Other
99 = Unavailable
|
|
MH-12
|
Community/Related Party Lender (Y/N)
|
An indicator of whether the loan was made by the community owner, an affiliate of the community owner or the owner of the real estate upon which the collateral is located.
|
Manufactured Housing
|
Numeric – Integer
|
1
|
99
|
Manufactured Housing Loans Only
|
See Codes
|
0 = No
1 = Yes
99 = Unavailable
|
|
MH-13
|
Defined Underwriting Criteria (Y/N)
|
An indicator of whether the loan was made in accordance with a defined and/or standardized set of underwriting criteria.
|
Manufactured Housing
|
Numeric – Integer
|
1
|
99
|
Manufactured Housing Loans Only
|
See Codes
|
0 = No
1 = Yes
99 = Unavailable
|
|
MH-14
|
Chattel Indicator
|
An Indicator of whether the secured property is classified as chattel or Real Estate.
|
Manufactured Housing
|
Numeric – Integer
|
1
|
99
|
Manufactured Housing Loans Only
|
See Codes
|
0 = Real Estate
1 = Chattel
99 = Unavailable
|
EXHIBIT 10.2
September 21, 2012
RWT Holdings, Inc.
One Belvedere Place
Mill Valley, California 94941
Redwood Trust, Inc.
One Belvedere Place
Mill Valley, California 94941
Ladies and Gentlemen:
By this letter agreement (this “Letter Agreement”), we are pleased to confirm the terms and conditions under which RBS Securities, Inc. (together with our subsidiaries and affiliates, “RBS”) will act as sole lead underwriter for RWT Holdings, Inc. (the “Company”), a wholly-owned subsidiary of Redwood Trust, Inc. (“Redwood Trust,” and together with the Company and their subsidiaries and affiliates, “Redwood”) in connection with the proposed offering and sale (together, the “Offering”) of certain classes of mortgage-backed securities (the “2012-5 Securities”) issued by Sequoia Mortgage Trust 2012-5 (the “Issuing Entity” and such issuance, the “Transaction”). The Issuing Entity is expected to issue (i) one or more classes of senior certificates entitled to payments of both interest and principal that will be rated AAA or its equivalent by two of Moody’s Investors Service, Inc., Fitch Ratings, Inc. or Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business (each, a “Rating Agency” and such 2012-5 Securities, “AAA P&I Senior Securities”), (ii) one or more classes of senior certificates entitled to interest-only payments that will be rated AAA or its equivalent by two of the Rating Agencies (“AAA IO Senior Securities”), (iii) one or more classes of subordinate certificates (the “Subordinate Securities”) and (iv) one or more classes of REMIC residual certificates (the “Residual Securities”).
1. Mortgage Loans. The 2012-5 Securities are expected to be secured by a pool of mortgage loans (the “Mortgage Loans”) described under “Description of the Mortgage Loans” as of the Statistical Calculation Date, each as specified on Annex A. All of the Mortgage Loans are, or prior to the closing of the Transaction will be, owned by Redwood. A loan tape (the “Initial Tape”) containing information regarding the Mortgage Loans was furnished by Redwood to RBS on September 18, 2012, and the final balance constituting the Mortgage Loans will be subject to a Loan Balance Permitted Variance specified on Annex A from the balance shown on the Initial Tape.
RWT Holdings, Inc.
Redwood Trust, Inc.
September 21, 2012
Page 2
Redwood may substitute up to an aggregate of the Permitted Substitution Percentage specified on Annex A hereto (calculated by balance) of the Mortgage Loans on the Initial Tape so long as (a) other than the percentage of non-retail originated loans, there are no material differences between the attributes of the Mortgage Loans after substitution and the attributes of the Mortgage Loans reflected in Initial Tape that would materially change the AAA P&I Senior Securities credit enhancement level specified in Section 3 and (b) the Permitted Variance is maintained with respect to the Mortgage Loans after taking account of the related substitutions.
At its sole expense, RBS shall conduct a customary underwriter’s due diligence review of all of the Mortgage Loans and shall have the right, in its reasonable discretion, to have certain loans removed from the final pool of Mortgage Loans based on its due diligence results.
2. Structure of the Transaction; Documentation. The Transaction shall be structured in a manner substantially similar in all material respects to previous securitization transactions of fixed rate pools executed by Redwood under the “Sequoia Mortgage Trust” program (the “SEMT Program”) including, but not limited to, the same “shifting interest” provisions and mechanics in the securitization transaction in the SEMT Program that will close in September 2012 (“SEMT 2012-4”) with respect to the fixed rate pool included therein. In connection therewith, Redwood (in such capacity, the “Seller”) shall transfer the Mortgage Loans to either Sequoia Mortgage Funding Corporation or Sequoia Residential Funding, Inc., which shall act as depositor (the “Depositor”) for the Transaction. The transaction documents governing (i) the sale of the Mortgage Loans from the Seller to the Depositor, (ii) the sale of the Mortgage Loans from the Depositor to the Issuing Entity or the trustee (the “Trustee”) of the Issuing Entity and the issuance and terms of the 2012-5 Securities, (iii) the servicing and administration of the Mortgage Loans by each servicer (each, a Servicer”) and supervision thereof by the master servicer (the “Master Servicer”), (iv) the custody of the Mortgage Loan files by the custodian (the “Custodian”) and (v) the assignment of representations and warranties (together, the “Basic Transaction Documents”), shall be substantially similar in all material respects to the transaction documents executed in connection with the SEMT 2012-4 transaction.
3. Ratings. It is a condition to the consummation of the Transaction that at least two Rating Agencies selected by Redwood (the “Initial Rating Agencies”) issue a AAA or equivalent rating in respect of the AAA P&I Senior Securities. The fees of the Initial Rating Agencies shall be paid in accordance with Section 8 hereof. Notwithstanding any Rating Agency feedback in respect of an AAA or equivalent rating, the Initial Credit Enhancement for the AAA P&I Senior Securities shall be specified on Annex A.
2 |
RWT Holdings, Inc.
Redwood Trust, Inc.
September 21, 2012
Page 3
4. Underwriting Arrangement. RBS shall act as sole lead underwriter (the “Underwriter”) for the Offering of each class of AAA P&I Senior Securities. RBS will have the option, in its sole discretion, to strip off of the AAA P&I Senior Securities an interest only certificate, which will have the same interest priority as the AAA P&I Senior Securities and which may be rated AAA or its equivalent by two Rating Agencies (the “Underwritten AAA IO Senior Securities,” and together with the AAA P&I Senior Securities, the “Underwritten Senior Securities”); provided, that the aggregate interest on the Underwritten Senior Securities does not exceed the Underwritten Senior Securities Interest Rate specified in Annex A. Promptly after execution of this Letter Agreement, RBS and Redwood shall cooperate and work in good faith to negotiate an underwriting agreement (when executed and delivered by the parties, the “Underwriting Agreement”) in respect of the Underwritten Senior Securities substantially similar in all material respects to the underwriting agreement executed in connection with the SEMT 2012-4 transaction, a form of which is attached as Exhibit A hereto. Subject to Section 9 hereof in respect of an adjustment to the AAA Purchase Price Percentage for certain delays in the closing of the Transaction, it is expected that RBS shall purchase Underwritten Senior Securities in an aggregate principal amount equal to the Underwritten Senior Securities Balance specified on Annex A, subject to the Underwritten Senior Securities Permitted Variance specified on Annex A, for a purchase price equal to the product of (i) the AAA Purchase Price Percentage specified on Annex A and (ii) the Underwritten Senior Securities Balance as of the date of the closing of the Transaction (the “Closing Date”); provided, that at Redwood’s sole option, a variance of greater than the positive Underwritten Senior Securities Permitted Variance in the principal amount of the AAA P&I Senior Securities shall be permitted solely to the extent that Redwood purchases the AAA P&I Senior Securities in excess of such variance. The Underwritten Senior Securities Interest Rate on the AAA P&I Senior Securities (without taking into account any Underwritten AAA IO Senior Securities) shall be specified on Annex A. RBS shall be entitled to receive the additional fees or discounts from Redwood in respect of the Underwritten Senior Securities as described under “Additional Fees or Discounts” specified on Annex A.
5. Retention of Certain 2012-5 Securities by Redwood. Redwood shall initially retain (i) the AAA IO Senior Securities that are not Underwritten AAA IO Senior Securities, (ii) the Subordinate Securities and (iii) the Residual Securities (the “Redwood Retained Securities”) issued by the Issuing Entity.
6. Underwriting Fee for Subordinate Securities. In the event that Redwood decides to offer any of the Subordinate Securities under the Underwriting Agreement (such Subordinate Securities, the “Underwritten Subordinate Securities,” and together with the Underwritten Senior Securities, the “Underwritten Securities”), RBS shall receive an underwriting fee calculated as the product of (i) the Subordinate Securities Underwriting Fee Percentage specified on Annex A and (ii) the unpaid principal balance of Underwritten Subordinate Securities as of the Closing Date (the “Subordinate Securities Underwriting Fee”).
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RWT Holdings, Inc.
Redwood Trust, Inc.
September 21, 2012
Page 4
7. Offering Documents. In connection with the Offering and as described in greater particularity in the Underwriting Agreement, Redwood shall prepare (i) a preliminary prospectus supplement and prospectus, (ii) a free writing prospectus relating to the ratings of each class of 2012-5 Securities offered in the Offering and (iii) a final prospectus supplement and prospectus (together, the “Offering Documents”). The Offering Documents shall contain disclosures regarding, but not limited to, (i) the characteristics of the Mortgage Loans, (ii) the terms of the 2012-5 Securities and yield considerations with respect thereto, (iii) the Seller, the Depositor, Redwood Trust, the Company, the Trustee, the Issuing Entity, the Servicers, the Custodian, the Master Servicer and the Underwriter, and any material legal proceedings with respect to each such entity and the compensation arrangements (if any) for each such entity, (iv) the tax status, ERISA eligibility and legal investment considerations in respect of the 2012-5 Securities, (v) the material provisions of the Basic Transaction Documents and (vi) the pre-offering review of the Mortgage Loans, in each case substantially similar in nature to the disclosures included in the offering materials for the SEMT 2012-4 transaction. The Offering Documents shall be subject to the approval of RBS in its commercially reasonable discretion. In connection with the Offering and as described in greater particularity in the Underwriting Agreement, RBS shall (a) prepare the term sheet and (b) generate all collateral and yield tables, in each case based on information provided to RBS by Redwood. In addition, RBS shall obtain comfort letters from the hired accounting firm in respect of the documents and/or information specified in (a) and (b), which shall be addressed to both RBS and Redwood. The Underwriting Agreement shall govern any required indemnification by RBS or Redwood in respect of the Offering Documents prepared by Redwood and the documents and/or information specified in (a) and (b) prepared by RBS and will be substantially similar in all material respects to the indemnification provisions included in the SEMT 2012-4 transaction.
8. Payment of Certain Expenses.
(a) The payment of certain expenses in respect of the Transaction shall be as described under “Expense Allocation” on Annex A.
(b) In the event that an unforeseen and unavoidable circumstance arises that RBS and Redwood mutually agree would prevent the completion of the Transaction, RBS and Redwood shall execute the Pair-off Payment specified on Annex A. If the calculation results in a negative amount, Redwood shall make the Pair-off Payment to RBS. If the calculation results in a positive amount, RBS shall make the Pair-off Payment to Redwood
9. Closing of the Transaction; Delay Penalty. RBS and Redwood shall make all commercially reasonable efforts to close the Transaction on the Targeted Closing Date specified on Annex A. If the Transaction does not close on the Targeted Closing Date, RBS and Redwood shall make all commercially reasonable efforts to close the Transaction as soon as practicable thereafter but not later than the Latest Permitted Closing Date specified on Annex A.
To the extent that the Transaction does not close on the Targeted Closing Date but closes on or before the Latest Permitted Closing Date and the failure to close on the Targeted Closing Date is the result of a delay of or caused by Redwood or Rating Agencies in connection with any Offering Document or the Underwriting Agreement, the AAA Purchase Price Percentage shall be reduced by the Delay Penalty Percentage specified on Annex A.
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RWT Holdings, Inc.
Redwood Trust, Inc.
September 21, 2012
Page 5
10. Other.
(a) RBS’ participation in the Transaction and the Offering shall be subject to the receipt by RBS of all internal approvals.
(b) Redwood (i) shall make available to RBS marketing materials substantially similar to the marketing materials used for SEMT 2012-4 transaction; (ii) at the request of RBS, provide such information and documents as may be reasonably requested in order to enable RBS to market the Underwritten Securities and carry out the engagement contemplated by this Letter Agreement and the Underwriting Agreement; and (iii) assist RBS in carrying out its duties, functions and responsibilities pursuant hereto and provide reasonable access to the appropriate senior officers, management, accountants, legal counsel and other parties and facilities.
(c) In connection with the Transaction, Redwood has contracted a diligence firm to perform a diligence review of the Mortgage Loans. Redwood agrees to make available the loan-level files and loan-level diligence results of such firm to RBS, in order to enable RBS to conduct and complete its customary due diligence review of the Mortgage Loans. Redwood recognizes and confirms that RBS will be using information in reports and other information provided by others, including, without limitation, information provided by or on behalf of Redwood and the diligence firm contracted by Redwood, and that RBS does not assume responsibility for and may rely, without independent verification, on the accuracy and completeness of any such information.
(d) In connection with the structuring of the Offering and engaging in the Transaction, Redwood also agrees to provide RBS with (i) prompt notice of any material development affecting Redwood or the occurrence of any event or other change known to Redwood and relating to Redwood that could affect the Transaction or the Offering (including any marketing materials or Offering Documents) and (ii) any public financial reports or such other information concerning the business and financial condition of Redwood as RBS may from time to time reasonably request.
(e) Redwood agrees that it has not and, unless Redwood and RBS shall mutually agree in writing, Redwood agrees that it will not engage any other person to act as a structurer, arranger, advisor, sole lead underwriter or placement agent in the Transaction for a period beginning on the date of this Letter Agreement and ending upon the termination of this Letter Agreement.
(f) The terms of this Letter Agreement shall be subject to renegotiation by mutual consent of Redwood and RBS. Any changes to the contents of Annex A as a result of such renegotiation shall be reflected in a revised Annex A and attached hereto in substitution of any prior version of Annex A.
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RWT Holdings, Inc.
Redwood Trust, Inc.
September 21, 2012
Page 6
11. Confidentiality. Redwood agrees that any documents or information received from RBS, its affiliates or advisors in connection with this Letter Agreement, the Underwriting Agreement and the transactions contemplated herein and therein may contain information that has been developed by RBS on a proprietary basis. Redwood agrees to treat confidentially all such information received hereunder and under the Underwriting Agreement until one year from the date of termination hereof; provided, that nothing herein shall prevent Redwood from disclosing any such information: (i) to purchasers or prospective purchasers of the Underwritten Securities to the extent such information is material to an investment decision, (ii) to any Rating Agency in connection with the Transaction, (iii) pursuant to the order of any court or administrative agency or in any pending legal or administrative proceeding, or to defend any claim in any such proceeding, (iv) as required by law or regulation or upon the request or demand of any regulatory authority having jurisdiction over Redwood or any of its affiliates (including any filings related to or regarding this Agreement so long as Redwood has given prior written notice to and received the prior written consent of RBS to any such filing), (v) to the extent that such information becomes publicly available other than by reason of disclosure by Redwood or was or becomes available to Redwood or its affiliates from a source which is not known by Redwood to be subject to a confidentiality obligation with respect thereto, or (vi) to Redwood’s affiliates and its and their respective employees, legal counsel, independent auditors and other experts or agents who need to know such information in connection with the Offering, the Transaction or any other services provided by Redwood or its affiliates to RBS and its affiliates, provided (a) that such persons are made aware of the proprietary nature of such information and (b) that Redwood shall be responsible for any breach of this provision by such persons. Redwood understands that portions of the non-public information may be subject to the Gramm-Leach-Bliley Act of 1999 (the “GLB”) and other applicable privacy laws and regulations and agrees to maintain such information as required by the GLB and such other applicable privacy laws and regulations for financial institutions notwithstanding the proviso to this paragraph (other than clauses (ii), and (iii), (iv) and (v) of such proviso) or any termination of this Letter Agreement.
RBS agrees to treat confidentially all non-public information provided to it by or on behalf of Redwood hereunder until one year from the date of termination hereof; provided, that nothing herein shall prevent RBS from disclosing any such information: (i) to purchasers or prospective purchasers of the Underwritten Securities to the extent such information is material to an investment decision, (ii) pursuant to the order of any court or administrative agency or in any pending legal or administrative proceeding, or to defend any claim in any such proceeding, (iii) as required by law or regulation or upon the request or demand of any regulatory authority having jurisdiction over RBS or any of its affiliates, (iv) to the extent that such information becomes publicly available other than by reason of disclosure by RBS or was or becomes available to RBS or its affiliates from a source which is not known by RBS to be subject to a confidentiality obligation with respect thereto, or (v) to affiliates of RBS and its and their respective employees, legal counsel, independent auditors and other experts or agents who need to know such information in connection with the Offering, the Transaction or any other services provided by RBS or its affiliates to the Redwood and its affiliates, provided that such persons are made aware of the proprietary nature of such information. RBS understands that portions of the non-public information may be subject to the GLB and other applicable privacy laws and regulations and agrees to maintain such information as required by the GLB and such other applicable privacy laws and regulations for financial institutions notwithstanding the proviso to this paragraph (other than clauses (ii), (iii) and (v) of such proviso) or any termination of this Letter Agreement.
Notwithstanding any other provision in this Letter Agreement, in connection with Section 1.6011-4 of the Treasury Regulations, the parties hereby agree that each party (and each employee, representative, or other agent of such party) may disclose to any and all persons, without limitation of any kind, the U.S. tax treatment and U.S. tax structure of the transaction and all materials of any kind (including opinions or other tax analyses) that are provided to such party relating to such U.S. tax treatment and U.S. tax structure, other than any information for which nondisclosure is reasonably necessary in order to comply with applicable securities laws.
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RWT Holdings, Inc.
Redwood Trust, Inc.
September 21, 2012
Page 7
12. Governing Law. This Letter Agreement shall be governed by, and construed in accordance with, the laws of the State of New York applicable to agreements made and to be performed therein, without reference to its conflict of law provisions (other than Section 5-1401 of the General Obligations Law), and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws.
13. No Advisory or Fiduciary Responsibility. Redwood acknowledges and agrees that: (i) the transactions contemplated by this Letter Agreement and the Underwriting Agreement are arm’s-length commercial transactions between Redwood, on the one hand, and RBS, on the other hand, and Redwood is capable of evaluating and understanding and understands and accepts the terms, risks and conditions of the transactions contemplated by this Letter Agreement and the Underwriting Agreement; (ii) in connection with each transaction contemplated hereby and the process leading to each such transaction RBS is and has been acting solely as a principal and is not the financial advisor, agent or fiduciary of Redwood or its affiliates, stockholders, creditors or employees or any other party; (iii) RBS has not assumed and will not assume an advisory, agency or fiduciary responsibility in favor of Redwood with respect to any of the transactions contemplated hereby or the process leading thereto (irrespective of whether RBS has advised or is currently advising Redwood on other matters) or any other obligation to Redwood except the obligations expressly set forth in this Letter Agreement and the Underwriting Agreement; (iv) RBS and its affiliates may be engaged in a broad range of transactions that involve interests that differ from those of Redwood and that RBS has no obligation to disclose any of such interests by virtue of any advisory, agency or fiduciary relationship; and (v) RBS has not provided any legal, accounting, regulatory or tax advice with respect to the Offering and Redwood has consulted its own legal, accounting, regulatory and tax advisors to the extent it deemed appropriate.
Redwood acknowledges and agrees that RBS is acting solely in the capacity of an arm’s length contractual counterparty to Redwood with respect to the Offering and the Transaction (including in connection with determining the terms of the Offering) and not as a financial advisor or a fiduciary to, or an agent of, Redwood or any other person. In addition, RBS is not advising Redwood or any other person as to any legal, tax, investment, accounting or regulatory matters in any jurisdiction. Redwood shall consult with its own advisors concerning such matters, and RBS shall have no responsibility or liability to Redwood with respect thereto. Any review by RBS of Redwood, the transactions contemplated by this Letter Agreement and the Underwriting Agreement (including the Offering and the Transaction) or other matters relating to such transactions will be performed solely for the benefit of RBS and shall not be on behalf of Redwood.
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RWT Holdings, Inc.
Redwood Trust, Inc.
September 21, 2012
Page 8
14. Termination. The Underwriting Agreement shall supersede this Letter Agreement in any and all respects, except that the provisions of Sections 8 and 11 shall survive the execution of the Underwriting Agreement. This Letter Agreement shall terminate upon written mutual consent of RBS, the Company and Redwood Trust at any time, including any extension agreed to pursuant to this Section 14. In the event that the Transaction does not close on or before the Latest Permitted Closing Date, the obligations of Redwood and RBS under this Letter Agreement shall terminate unless RBS and Redwood mutually agree in writing to extend this Letter Agreement, subject to any additional terms and conditions agreed to at the time of such extension, except that the provisions of Sections 8 and 11 shall survive the termination of this Letter Agreement. Redwood and RBS acknowledge that the consummation of the Transaction contemplated herein is subject to various conditions and limitations, and that the provisions of this Letter Agreement are preliminary and dependent upon the satisfaction of such conditions and the occurrence of certain events.
[SIGNATURE PAGE FOLLOWS]
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If the foregoing correctly sets forth your understanding of our agreement with respect to the matters set forth herein, please so indicate by signing two copies of this Letter Agreement and returning one of those signed copies to the undersigned, whereupon this Letter Agreement will constitute our binding agreement.
Very truly yours,
RBS SECURITIES, INC.
By:__/s/ James T. Raezer
Name: James T. Raezer
Title: Managing Director
Accepted and agreed to as of
the date first above written:
REDWOOD TRUST, INC.
By:______/s/ John Isbrandtsen ______________________
Name: John Isbrandtsen
Title: Authorized Officer
RWT HOLDINGS, INC.
By:______/s/ John Isbrandtsen ______________________
Name: John Isbrandtsen
Title: Authorized Officer
Annex A
Statistical Calculation Date: | October 1, 2012. |
Description of the Mortgage Loans: | Fixed rate mortgage loans with original terms of 360 and 240 and months and an approximate unpaid principal balance of $320MM. |
Loan Balance Permitted Variance: |
Plus or minus 5%.
|
Permitted Substitution Percentage: | 10%. |
Initial Credit Enhancement: | Not less than 7.0%. |
Underwritten Senior Securities Balance: | Approximately $298MM |
Underwritten Senior Securities Balance Permitted Variance: | Plus or minus 5%. |
AAA Purchase Price Percentage: | 102.3125%. |
Underwritten Senior Securities Interest Rate: | 2.5%. |
Additional Fees or Discounts: | None. |
Subordinate Securities Underwriting Fee Percentage: | 25 bps. |
Expense Allocation: | Redwood shall pay all expenses in connection with the Transaction and the Offering other than (a) the fees and expenses of legal counsel to RBS and (b) the expenses of any underwriter’s due diligence conducted by RBS on the Mortgage Loans. The expenses for which Redwood shall be responsible shall not include any fee or discount to RBS in respect of the Underwritten Senior Securities but shall include, but not be limited to: (i) any Subordinate Securities Underwriting Fees, if applicable; (ii) fees and expenses of Redwood’s counsel and auditors in connection with the Transaction; (iii) the fees of the Rating Agencies; (iv) the fees and expenses of any accounting firm that is engaged to deliver comfort letters in respect of the Offering Documents, any static pool information, any term sheet or other marketing materials; (v) the fees and expenses of the Trustee, the Issuing Entity, the Servicers, the Custodian, the Master Servicer and their respective counsel and auditors in connection with the Transaction; (vi) the cost of delivering the Underwritten Securities to the Underwriter; (vii) expenses of preparing, printing, filing and reproducing the Offering Documents, the SEC registration statement relating to the 2012-5 Securities, the Basic Transaction Documents and the 2012-5 Securities; (viii) all transfer taxes, if any, with respect to the sale and delivery of the Underwritten Securities to the Underwriter; (ix) any expenses for the qualification of the Underwritten Securities under “blue sky” or state securities laws, including filing fees and the fees and disbursements of counsel to the Underwriter in connection therewith and with the preparation of any “blue sky” survey; and (x) all other costs and expenses incidental to the Offering or the Transaction that are not otherwise specifically provided for herein. |
Targeted Closing Date: | RBS and Redwood shall make all commercially reasonable efforts to close the Transaction on October 30, 2012. |
Latest Permitted Closing Date: | November 9, 2012 |
Delay Penalty Percentage: | 0.078125% for each five business day period for which the closing of the Transaction does not occur, pro rated for the actual number of business days from and including October 30, 2012 to but excluding the Closing Date of the Transaction. |
Pair-off Payment: | An amount equal to the product of (i) $298,000,000 and (ii) a fraction, (a) the numerator of which is the product of (I) 0.65 and (II) the difference resulting from the subtraction of the Current Value from 104.6250 and (b) the denominator of which is 100. For the purposes of this calculation, “Current Value” shall equal the price, as reported on Bloomberg on the date such Pair-off Payment is executed, for the Fannie Mae 30 year Mortgage Pass-Through Certificates at a coupon of 3.0% per annum, TBA for the current front month. |
Exhibit A
Form of Underwriting Agreement
Ex. A
EXHIBIT 10.3
SEQUOIA
MORTGAGE TRUST 2012-5
Mortgage Pass-Through Certificates, Series 2012-5
UNDERWRITING AGREEMENT
October 24, 2012
The Firm or Firms
of Underwriters named
on the signature page hereof
Ladies and Gentlemen:
Sequoia Residential Funding, Inc., a Delaware corporation (the “Depositor”) and an indirect wholly-owned limited purpose subsidiary of Redwood Trust, Inc., a Maryland corporation (“Redwood Trust”), proposes to sell to you (the “Underwriter”) the Underwritten Certificates (as defined below), and to cause Sequoia Mortgage Trust 2012-5 (the “Issuing Entity”), a common law trust governed by New York law, to issue its Mortgage Pass-Through Certificates, Class A and Class A-IO (in the principal or notional amounts specified in the last column of Schedule 1 hereto, the “Underwritten Certificates”) having the characteristics set forth in the Final Prospectus, evidencing beneficial ownership interests in the Issuing Entity, the assets of which will consist primarily of a pool of mortgage loans secured by first liens on one- to four-family residential properties, including condominiums, planned unit developments and cooperatives (collectively, the “Mortgage Loans”). Simultaneously with the issuance and sale of the Underwritten Certificates, the Class R, Class LT-R, Class B-1, Class B-2, Class B-3, Class B-4 and Class B-5 Certificates (together with the Underwritten Certificates, the “Certificates”) are being issued. The Mortgage Loans will have the characteristics described in the Final Prospectus, subject to the variances, ranges, minimums and maximums set forth in the Final Prospectus.
The Issuing Entity will be formed, and the Certificates will be issued, pursuant to a pooling and servicing agreement (the “Pooling and Servicing Agreement”) dated as of October 1, 2012, between the Depositor, Wells Fargo Bank, N.A., in the capacities of master servicer (in such capacity, the “Master Servicer”) and securities administrator (in such capacity, the “Securities Administrator”), Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee (in such capacity, the “Trustee”), and acknowledged as to specified sections by Redwood Residential Acquisition Corporation, a Delaware corporation and wholly-owned subsidiary of Redwood Trust, as seller (the “Seller”). On or about October 30, 2012 (the “Closing Date”), the Seller will assign all of its right, title and interest in the Mortgage Loans to the Depositor pursuant to a mortgage loan purchase and sale agreement, dated as of October 30, 2012 (the “Mortgage Loan Purchase Agreement”), between the Seller, as seller, and the Depositor, as purchaser. Pursuant to the Pooling and Servicing Agreement, the Mortgage Loans will, in turn, be assigned by the Depositor to the Trustee for the benefit of the Certificateholders, together with all principal and interest collections received with respect to the Mortgage Loans after October 1, 2012 (the “Cut-off Date”). The Trustee will concurrently with such assignment, authenticate and deliver the Certificates to the Depositor, and the Depositor will sell the Underwritten Certificates, in the respective initial Class Principal Amounts or Notional Amounts, as applicable, as set forth on Schedule 1 annexed hereto, to the Underwriter. In addition, pursuant to various assignment, assumption and recognition agreements and assignment of representations and warranties agreements (the “Assignment Agreements”), (i) the Seller will assign its rights under various underlying mortgage loan purchase and servicing agreements relating to the Mortgage Loans, entered into by the Seller (collectively, the “Underlying Purchase and Servicing Agreements”), to the Depositor and (ii) the Depositor will, in turn, assign its rights under the Underlying Purchase and Servicing Agreements to the Trustee for the benefit of the Certificateholders. The Master Servicer will monitor the servicing of the Mortgage Loans by the servicers pursuant to the provisions of the Pooling and Servicing Agreement.
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The Pooling and Servicing Agreement, the Mortgage Loan Purchase Agreement, the Assignment Agreements, the Underlying Purchase and Servicing Agreements and this Agreement are sometimes referred to herein collectively as the “Transaction Documents.” Capitalized terms shall have the respective meanings set forth in this Agreement (or by reference to Section 10 hereof) or, if not defined therein, as set forth in the Pooling and Servicing Agreement.
1. Representations and Warranties. The Seller, the Depositor and Redwood Trust jointly and severally represent and warrant to, and agree with, the Underwriter that:
(i) A registration statement on Form S-3 (File Nos. 333-179292 and 333-179292-01) relating to mortgage pass-through certificates has been filed with the Securities and Exchange Commission (the “Commission”) and has become effective under the Securities Act of 1933, as amended (the “Securities Act”). Such registration statement as of its effective date, and each amendment thereto and any document incorporated by reference therein and any prospectus included or deemed or retroactively deemed to be a part thereof pursuant to Rule 430A or Rule 430B, as of the date of this Agreement, is hereinafter referred to as the “Registration Statement.” The Registration Statement meets the requirements set forth in Rule 415(a)(1)(x) under the Securities Act. As of the Closing Date, no stop order suspending the effectiveness of such Registration Statement has been issued and no proceedings for that purpose have been initiated or, to the knowledge of the Seller, the Depositor or Redwood Trust, threatened by the Commission. The Depositor proposes to prepare and file with the Commission pursuant to Rule 424 under the Securities Act a final prospectus dated September 13, 2012 (the “Base Prospectus”) to be supplemented by a prospectus supplement to be dated on or about October 26, 2012 relating to the Underwritten Certificates in the form filed after the date of this Agreement pursuant to Section 424(b) that discloses the public offering price and other final terms of the Underwritten Certificates (together with any revision, amendment or supplement, the “Prospectus Supplement”). The Prospectus Supplement, together with the Base Prospectus, including the documents incorporated therein as of the time of such filing is hereinafter referred to as the “Final Prospectus.” In connection with the offering of the Underwritten Certificates, the Depositor has also prepared a preliminary prospectus supplement dated October 16, 2012, which constitutes a statutory prospectus to be retroactively included in the Registration Statement and has been or will be filed with the Commission pursuant to Rule 424(b) under the Securities Act (the “Preliminary Prospectus Supplement” and together with the Base Prospectus, the “Preliminary Prospectus”). The Preliminary Prospectus and the Final Prospectus separately, are referred to herein as a “Prospectus.” Any reference herein to the Registration Statement or a Prospectus shall be deemed to refer to and include the documents incorporated by reference therein pursuant to Item 12 of Form S-3 which were filed under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), on or before the date on which the Registration Statement, as amended, became effective, or the issue date of the Preliminary Prospectus, or the date on which the Final Prospectus is filed pursuant to Rule 424(b) under the Securities Act, as the case may be; and any reference herein to the terms “amend,” “amendment” or “supplement” with respect to the Registration Statement and each Prospectus shall be deemed to refer to and include any document incorporated by reference therein which is filed under the Exchange Act after the date on which the Registration Statement became effective, the issue date of the Preliminary Prospectus or the date on which a Final Prospectus is filed pursuant to Rule 424(b) under the Securities Act, as the case may be.
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(ii) Each of (A) the Registration Statement, as of its effective date, (B) the Preliminary Prospectus and (C) the Final Prospectus, as of its issue date, as revised, amended or supplemented and filed with the Commission prior to the termination of the offering of the Underwritten Certificates, will conform in all material respects to the requirements of the Securities Act and the rules and regulations (the “Regulations”) of the Commission thereunder applicable to such documents as of their respective dates, and the Registration Statement and the Final Prospectus as revised, amended or supplemented and filed with the Commission as of the Closing Date will conform in all material respects to the requirements of the Securities Act and the Regulations of the Commission applicable to such documents as of the Closing Date. None of (A) the Registration Statement, at the time it became effective and as of the Closing Date, (B) the Preliminary Prospectus, as of its issue date and as of October 17, 2012, which the Underwriter has advised the Depositor is the first date on which a Contract of Sale has been entered into, or (C) the Final Prospectus, as of its issue date, as of the date of any Contract of Sale that occurs after the date of the Final Prospectus and prior to the Closing Date, and as of the Closing Date, contained or will contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided, however, that the Seller, the Depositor and Redwood Trust make no representations, warranties or agreements as to the information contained in a Prospectus or any revision or amendment thereof or supplement thereto (in the case of the Final Prospectus) in reliance upon and in conformity with information furnished in writing to the Depositor by or on behalf of the Underwriter specifically for use in connection with the preparation of a Prospectus or any revision or amendment thereof or supplement thereto (in the case of the Final Prospectus), such information being defined as the “Underwriter Information” in Section 10 hereof.
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If, subsequent to the date of this Agreement, the Depositor and the Underwriter determines that such information included an untrue statement of material fact or omitted to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading and terminate their old Contracts of Sale and enter into new Contracts of Sale with investors in the Underwritten Certificates, then the Preliminary Prospectus will refer to the information agreed upon in writing by the Depositor and the Underwriter and conveyed to purchasers at the time of entry into the first such new Contract of Sale, including any information that corrects such material misstatements or omissions (“Corrective Information”) and the date of each affected Contract of Sale will refer to the time and date agreed upon by the Depositor and the Underwriter.
(iii) The conditions to the use by the Depositor of a registration statement on Form S-3 under the Securities Act, as set forth in the General Instructions to Form S-3, have been satisfied with respect to the Registration Statement. There are no contracts or documents of the Depositor which are required to be filed as exhibits to the Registration Statement pursuant to the Securities Act or the Regulations of the Commission thereunder which have not been so filed.
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(iv) (A) At the time of the filing of the Registration Statement and (B) at the date of this Agreement, the Depositor was not and is not an “ineligible issuer,” as defined in Rule 405 under the Securities Act.
(v) As of the date hereof, as of the date of any Contract of Sale and at all subsequent times through the completion of the public offer and sale of the Underwritten Certificates, the Preliminary Prospectus issued at or prior to the date hereof, any Issuer Information or the Seller Mortgage Loan Information (each as defined below) contained in a Free Writing Prospectus other than an Underwriter Free Writing Prospectus did not include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided, however, that no representation is made as to any Underwriter Information.
(vi) The Underwritten Certificates conform in all material respects to the description thereof contained in the Final Prospectus. The issuance of the Underwritten Certificates has been authorized, and on the Closing Date the Underwritten Certificates will have been duly and validly executed, authenticated and delivered in accordance with the Pooling and Servicing Agreement and delivered to the Underwriter for the account of the Underwriter against payment therefor as provided herein, and such Certificates will be duly and validly issued and outstanding and entitled to the benefits afforded by the Pooling and Servicing Agreement. Each Underwritten Certificate of the Class (or if applicable, Classes) or type indicated to be “mortgage related securities” under the heading “Summary of Terms — Legal Investment” in the Prospectus Supplement will, when issued, be a “mortgage related security” as such term is defined in Section 3(a)(41) of the Exchange Act.
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(vii) This Agreement has been duly authorized, executed and delivered by each of the Seller, the Depositor and Redwood Trust, and as of the Closing Date, each of the other Transaction Documents to which the Seller, the Depositor or Redwood Trust is a party will have been, duly authorized, executed and delivered by the Seller, the Depositor or Redwood Trust, as applicable, and will conform in all material respects to the descriptions thereof contained in the Final Prospectus and, assuming the valid execution and delivery thereof by the other parties thereto, each Transaction Document to which Redwood Trust, the Seller or the Depositor is a party will constitute a legal, valid and binding agreement of the Seller, the Depositor or Redwood Trust, as applicable, enforceable in accordance with its terms, except as the same may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general principles of equity.
(viii) Each of the Seller, the Depositor and Redwood Trust has been duly incorporated and is validly existing as a corporation in good standing under the laws of its respective state of incorporation, and each of the Seller, the Depositor and Redwood Trust is duly qualified to do business as a foreign corporation and is in good standing under the laws of each jurisdiction where the character of its respective properties or the nature of its respective activities makes such qualification necessary, except such jurisdictions, if any, in which the failure to be so qualified will not have a material adverse effect on the condition (financial or otherwise), earnings, regulatory affairs, business affairs, business prospects or properties of Redwood Trust, the Seller or the Depositor; each of Redwood Trust, the Seller and the Depositor holds all material licenses, certificates and permits from all governmental authorities necessary for the conduct of its respective business as described in the Final Prospectus; and each of the Seller, the Depositor and Redwood Trust has the corporate power and authority to own its respective properties and conduct its respective business as described in the Final Prospectus and to enter into and perform its respective obligations under each Transaction Document to which it is a party.
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(ix) Neither the issuance, delivery or sale of the Underwritten Certificates, nor the consummation of any other of the transactions contemplated herein, nor the execution and delivery of the Transaction Documents by the Seller, the Depositor or Redwood Trust, as applicable, and compliance with the provisions of the Transaction Documents, does or will conflict with or result in the breach of any material term or provision of the certificate of incorporation or by-laws of the Seller, the Depositor, or Redwood Trust, and none of the Seller, the Depositor or Redwood Trust is in breach or violation of or in default (nor has an event occurred which with notice or lapse of time or both would constitute a default) under the terms of (i) any indenture, contract, lease, mortgage, deed of trust, note, agreement or other evidence of indebtedness or other agreement, obligation or instrument to which the Seller, the Depositor or Redwood Trust is a party or by which it or its respective properties are bound, or (ii) any law, decree, order, rule or regulation applicable to the Seller, the Depositor or Redwood Trust of any court or supervisory, regulatory, administrative or governmental agency, body or authority, or arbitrator having jurisdiction over the Seller, the Depositor or Redwood Trust, or its respective properties, in each case the default, breach or violation of which would have a material adverse effect on the Depositor, Redwood Trust, the Issuing Entity or the Certificates or on the ability of the Seller, the Depositor or Redwood Trust to perform its respective obligations under the Transaction Documents to which it is a party; and none of the delivery of the Certificates, the consummation of any other of the transactions contemplated herein, or the compliance with the provisions of the Transaction Documents will result in such a default, breach or violation or which would have such a material adverse effect. Each of the Seller, the Depositor and Redwood Trust is in compliance with all applicable provisions of the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder, any applicable anti-money laundering statutes, including the Bank Secrecy Act, as amended by Title III of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 and regulations administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury.
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(x) No filing or registration with, notice to, or consent, approval, authorization or order or other action of any court or governmental authority or agency is required for the consummation by the Seller, the Depositor or Redwood Trust of the transactions contemplated by the Transaction Documents to which it is a party (other than as required under “blue sky” or state securities laws, as to which no representations and warranties are made by the Seller, the Depositor or Redwood Trust), except such as have been, or will have been prior to the Closing Date, obtained under the Securities Act, and such recordations of the assignment of the Mortgage Loans to the Trustee (to the extent such recordations are required pursuant to the Pooling and Servicing Agreement and/or Underlying Purchase and Servicing Agreements) or filings under the Uniform Commercial Code that have not yet been completed.
(xi) Except as described in the Final Prospectus, there is no action, order, suit or proceeding before or by any court, administrative or governmental agency now pending to which the Seller, the Depositor or Redwood Trust is a party, or to the best knowledge of each of the Seller, the Depositor or Redwood Trust, threatened against the Seller, the Depositor or Redwood Trust, which could reasonably result individually or in the aggregate in any material adverse change in the condition (financial or otherwise), earnings, regulatory affairs, business affairs, business prospects or properties of the Seller, the Depositor or Redwood Trust or could reasonably interfere with or materially and adversely affect the consummation of the transactions contemplated by the Transaction Documents.
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(xii) At the time of execution and delivery of the Mortgage Loan Purchase Agreement between the Seller and the Depositor, the Seller (A) will have good title to and be the sole owner of the Mortgage Loans being sold to the Depositor pursuant thereto, free and clear of any lien, mortgage, pledge, charge, encumbrance, adverse claim or other security interest (collectively “Liens”), and (B) will not have assigned to any Person other than the Depositor any of its right, title or interest in and to the Mortgage Loans.
(xiii) Immediately prior to the assignment of the Mortgage Loans by the Depositor to the Trustee as contemplated by the Pooling and Servicing Agreement, the Depositor (A) will have good title to and be the sole owner of each such Mortgage Loan free and clear of any Lien, (B) will not have assigned to any Person other than the Trustee any of its rights, title or interest in and to such Mortgage Loans or in the Underlying Purchase and Servicing Agreements to the extent relating to the Mortgage Loans and (C) will have the power and authority to sell such Mortgage Loans to the Trustee, and upon execution and delivery of the Pooling and Servicing Agreement by the Trustee and delivery of the Certificates to the Depositor, the Trustee will have acquired all of the Depositor’s right, title and interest in and to such Mortgage Loans.
(xiv) Any taxes, fees and other governmental charges in connection with the execution, delivery and issuance of the Transaction Documents and the Certificates have been or will be paid by the Seller, the Depositor or Redwood Trust at or prior to the Closing Date, except (if applicable) for fees for recording assignments of the Mortgage Loans to the Trustee pursuant to the Pooling and Servicing Agreement and/or Underlying Purchase and Servicing Agreements and Uniform Commercial Code filing fees that have not yet been completed, which fees will be paid by or on behalf of the Depositor.
(xv) The Mortgage Loans conform in all material respects to the description thereof contained in the Final Prospectus.
(xvi) Neither the Depositor nor the Issuing Entity is, and neither the issuance and sale of the Certificates nor the activities of the Issuing Entity pursuant to the Pooling and Servicing Agreement will cause the Depositor or the Issuing Entity to be, an “investment company” or under the control of an “investment company” as such terms are defined in the Investment Company Act of 1940, as amended (the “Investment Company Act”).
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(xvii) None of the Seller, the Depositor or Redwood Trust is doing business with Cuba.
(xviii) As of the date of delivery, any Seller Mortgage Loan Information provided to the Underwriter is true and correct in all material respects, or if there is any material error in any Seller Mortgage Loan Information, the Depositor or the Seller has promptly provided corrected information to the Underwriter.
(xix) Each of the Seller and the Depositor has complied with Rule 193 of the Securities Act in all material respects in connection with the offering of the Underwritten Certificates.
2. Purchase and Sale. Subject to the terms and conditions and in reliance upon the representations and warranties set forth herein, the Depositor agrees to sell to the Underwriter, and the Underwriter agrees to purchase from the Depositor, each Class of Underwritten Certificates to be purchased by the Underwriter, in the initial Class Principal Amounts or Class Notional Amounts, as applicable, and at the purchase price, as set forth on Schedule 1 annexed hereto (including accrued interest from and including the Cut-off Date to, but not including, the Closing Date).
3. Delivery and Payment. The Underwritten Certificates shall be delivered at the office, on the date and at the time specified in the Final Prospectus, which place, date and time may be changed by agreement between the Underwriter and the Depositor. Delivery of the Underwritten Certificates shall be made to the Underwriter as against its payment of the purchase price therefor to or upon the order of the Depositor in immediately available federal funds. The Underwritten Certificates shall be registered in such names and in such denominations as required by book-entry registration not less than two full business days prior to the Closing Date. The Depositor agrees to cause the Underwritten Certificates to be made available for inspection, checking and packaging in New York, New York on the business day prior to the Closing Date.
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4. Offering Procedures. It is understood that the Underwriter proposes to offer the Underwritten Certificates for sale as set forth in the Preliminary Prospectus and the Final Prospectus and that you will not offer, sell or otherwise distribute the Underwritten Certificates (except for the sale thereof in exempt transactions) in any state or other jurisdiction in which the Underwritten Certificates are not exempt from registration under “blue sky,” state or similar securities laws (except where the Underwritten Certificates will have been qualified for offering and sale at your direction under such “blue sky,” state or similar securities laws).
Neither the Depositor nor the Underwriter will disseminate to any potential investor information relating to the Underwritten Certificates that constitutes a “written communication” within the meaning of Rule 405 under the Securities Act, other than the Preliminary Term Sheet and the Preliminary Free Writing Prospectus, each Prospectus and, in the case of the Underwriter, Derived Information or Custom Loan Information, unless (i) if the Underwriter seeks to disseminate such information, the Underwriter has obtained the prior consent of the Depositor, or (ii) if the Depositor seeks to disseminate such information, the Depositor has obtained the prior consent of the Underwriter.
The Underwriter may convey Derived Information or Custom Loan Information to a potential investor prior to entering into a Contract of Sale with such investor; provided, however, that Derived Information shall not be distributed in a manner reasonably designed to lead to its broad unrestricted dissemination within the meaning of Rule 433(d) under the Securities Act. The Underwriter shall deliver to the Depositor and its counsel a copy, in electronic form, of each Free Writing Prospectus disseminated by the Underwriter that is required to be filed with the Commission, not later than one business day prior to the date on which such Free Writing Prospectus is required under the Regulations to be so filed. The Underwriter will comply with the requirements of Rule 433(g) applicable to any Free Writing Prospectus, including document retention and record-keeping. The Underwriter represents to the Depositor that prior to October 16, 2012, it had not provided to any investor any Free Writing Prospectus or other information relating to the Underwritten Certificates other than preliminary term sheets, mortgage loan tapes or CDI files, in each case previously approved by the Depositor and subject to a confidentiality agreement approved by the Depositor.
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The Depositor represents that it has treated and agrees that it will treat each Free Writing Prospectus other than an Underwriter Free Writing Prospectus as an “issuer free writing prospectus,” as defined in Rule 433, and has complied and will comply with the requirements of Rule 433 applicable to any such Free Writing Prospectus, including timely Commission filing where required, legending and record-keeping.
Neither the Depositor nor the Underwriter shall disseminate or file with the Commission any information relating to Underwritten Certificates in reliance on Rule 167 or 426 under the Securities Act, nor shall the Underwriter disseminate any Free Writing Prospectus in a manner reasonably designed to lead to its broad unrestricted dissemination within the meaning of Rule 433(d) under the Securities Act.
Prior to entering into a Contract of Sale, the Underwriter shall have conveyed to the related purchaser a copy of (i) the Final Prospectus, or a copy of the Preliminary Prospectus if the Final Prospectus is not yet available, and (ii) the Ratings Free Writing Prospectus (as defined herein), each in the form that the Underwriter and the Depositor have agreed most recently prior thereto shall be used for offers and sales of the Underwritten Certificates. Each confirmation of sale with respect to the Underwritten Certificates delivered by the Underwriter shall, if such confirmation of sale is not preceded or accompanied by delivery of the Final Prospectus, include a legend to the following effect, or a similar legend, in compliance with Rule 173 under the Securities Act:
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Rule 173 notice: This security was sold pursuant to an effective registration statement that is on file with the SEC. You may request a copy of the Prospectus at www.sec.gov, or by calling 1-800-323-5678.
5. Agreements. The Depositor agrees with the Underwriter that:
(i) The Depositor will cause the Preliminary Prospectus and the Final Prospectus to be filed with the Commission pursuant to Rule 424(b) under the Securities Act not later than 9:00 a.m. (New York time) on the Closing Date, will promptly advise the Underwriter when such Prospectus has been so filed, and, prior to the termination of the offering of the Underwritten Certificates, will also promptly advise the Underwriter (i) when any amendment to the Registration Statement has become effective or any revision of or supplement to the Final Prospectus has been so filed (unless such amendment, revision or supplement does not relate to the Underwritten Certificates or the Issuing Entity), (ii) of any request by the Commission for any amendment of the Registration Statement or any Final Prospectus or for any additional information (unless such amendment or request for additional information does not relate to the Underwritten Certificates or the Issuing Entity), (iii) of any written notification received by the Depositor of the suspension of qualification of the Underwritten Certificates for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose and (iv) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or the institution or, to the knowledge of the Depositor, the threatening of any proceeding for that purpose. The Depositor will use its best efforts to prevent the issuance of any such stop order and, if issued, to obtain as soon as possible the withdrawal thereof. The Depositor will not file prior to the termination of such offering any amendment to the Registration Statement or any revision of or supplement to the Final Prospectus (other than any such amendment, revision or supplement which does not relate to Underwritten Certificates or the Issuing Entity) which shall be disapproved by the Underwriter after reasonable notice and review of such filing.
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(ii) If, at any time when a prospectus relating to the Underwritten Certificates is required to be delivered under the Securities Act, (i) any event occurs as a result of which the Final Prospectus, the Ratings Free Writing Prospectus or the Preliminary Prospectus (if used by the Underwriter to enter into a Contract of Sale) as then amended or supplemented would include any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein in the light of the circumstances under which they were made not misleading, or (ii) it shall be necessary to revise, amend or supplement the Final Prospectus to comply with the Securities Act or the Regulations of the Commission thereunder, the Depositor promptly will notify the Underwriter and will, upon the request of the Underwriter, or may, after consultation with the Underwriter, prepare and file with the Commission a revision, amendment or supplement which will correct such statement or omission or effect such compliance, and furnish without charge to the Underwriter as many copies as the Underwriter may from time to time reasonably request of an amended Final Prospectus, Ratings Free Writing Prospectus or the Preliminary Prospectus (if used by the Underwriter to enter into a Contract of Sale) or a supplement to the Final Prospectus, the Ratings Free Writing Prospectus or the Preliminary Prospectus (if used by the Underwriter to enter into a Contract of Sale) which will correct such statement or omission or effect such compliance.
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If any Contract of Sale entered into by the Underwriter is terminated or reformed (within the meaning of Rule 159 of the Securities Act) as a result of any such revision, amendment or supplement, the Depositor shall reimburse the Underwriter for any reasonable cost incurred by an investor and reimbursed by the Underwriter resulting from such termination or reformation.
(iii) The Depositor will furnish to the Underwriter and counsel to the Underwriter, without charge, conformed copies of the Registration Statement (including exhibits thereto) and, so long as delivery of a prospectus relating to the Underwritten Certificates is required under the Securities Act, as many copies of the Preliminary Prospectus, the Ratings Free Writing Prospectus, the Final Prospectus and any revisions or amendments thereof or supplements thereto as may be reasonably requested.
(iv) The Depositor will, as between itself and the Underwriter, pay all expenses incidental to the performance of the obligations of the Depositor, the Seller or Redwood Trust under this Agreement, including without limitation (i) expenses of preparing, printing, filing and reproducing the Registration Statement, the Preliminary Prospectus, the Final Prospectus, any Free Writing Prospectus other than an Underwriter Free Writing Prospectus, the Transaction Documents and the Certificates, (ii) the cost of delivering the Underwritten Certificates to the Underwriter, (iii) the fees charged by the securities rating agencies for rating the Underwritten Certificates, (iv) all transfer taxes, if any, with respect to the sale and delivery of the Underwritten Certificates to the Underwriter, (v) any expenses for the qualification of the Underwritten Certificates under “blue sky” or state securities laws, including filing fees and the fees and disbursements of counsel for the Underwriter in connection therewith and in connection with the preparation of any Blue Sky Survey, (vi) all other costs and expenses incidental to the performance by the Depositor, the Seller or Redwood Trust of their respective obligations hereunder which are not otherwise specifically provided for in this subsection and (vii) the fees of any accountants in connection with preparation of any comfort letters in connection with the Preliminary Term Sheet or a Prospectus. In addition, it is understood that, except as provided in this paragraph (iv) and in Section 9 hereof, the Underwriter will pay all the following additional expenses: (i) any transfer taxes on resale of any of the Underwritten Certificates by them, (ii) any advertising expenses connected with any offers that the Underwriter may make, (iii) the fees of any counsel to the Underwriter, including the fees incurred in connection with the review of the Transaction Documents and the preparation of the Underwriting Agreement and the legal opinions and (iv) the expenses of any due diligence conducted by the Underwriter with respect to the Mortgage Loans.
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(v) So long as any Underwritten Certificates are outstanding, upon request of the Underwriter, the Depositor will furnish, or will cause to be furnished, to the Underwriter, as soon as available, a copy of (i) the annual statement of compliance prepared by the Master Servicer, the servicing administrator, the servicers and any subservicers pursuant to the Pooling and Servicing Agreement or the Underlying Purchase and Servicing Agreements, as applicable, (ii) each report regarding the Underwritten Certificates filed with the Commission under the Exchange Act or mailed to the holders of the Underwritten Certificates and (iii) from time to time, such other information concerning the Underwritten Certificates which may be furnished by the Depositor or the Trustee without undue expense and without violation of applicable law.
(vi) On or prior to the filing of the Final Prospectus pursuant to Rule 424(b), the Company will file with the Commission a current report on Form 8-K attaching the Transaction Documents and certain other material agreements and opinions of counsel that are required to be filed, provided that such Transaction Documents need not be executed and may be subject to nonmaterial changes.
(vii) For a period ending on the Closing Date, the Depositor shall not offer or sell, or announce the offering of, or cause any trust created by the Depositor to offer or sell, or announce the offering of, any mortgage pass-through certificates or other similar mortgage-related securities, without the prior written consent of the Underwriter.
(viii) The Depositor has prepared the Preliminary Prospectus described in Section 1(i) relating to the Underwritten Certificates, in a form consented to by the Underwriter, and has filed or will file the Preliminary Prospectus within the period required by Rule 424(b).
(ix) All written and graphic communications relating to the Underwritten Certificates used prior to the availability of a Prospectus will comply with the requirements of Rule 433, including the inclusion of the legend required by Rule 433(c)(2).
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(x) Neither the Preliminary Prospectus nor the Final Prospectus shall identify any nationally recognized statistical rating organization by name or indicate any rating issued or expected to be issued by any nationally recognized statistical rating organization with respect to the Certificates.
Redwood Trust covenants with the Underwriter and with the Depositor that it shall notify you and the Depositor of the occurrence of any material events respecting the activities, affairs or condition, financial or otherwise, of Redwood Trust and its subsidiaries and, if as a result of any such event it is necessary to amend or supplement any Prospectus in order to make such Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser, Redwood Trust will forthwith supply such information to the Depositor as shall be necessary for the Depositor to prepare an amendment or supplement to such Prospectus so that, as so amended or supplemented, such Prospectus will not contain an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time it is delivered to a purchaser, not misleading.
6. Conditions to the Obligations of Underwriter. The obligation of the Underwriter to purchase the Underwritten Certificates to be purchased by it as set forth on Schedule 1 annexed hereto shall be subject to the accuracy in all material respects of the representations and warranties on the part of the Seller, the Depositor and Redwood Trust contained herein as of the date hereof and as of the Closing Date, to the accuracy of the statements of the Seller, the Depositor and Redwood Trust made in any officer’s certificate pursuant to the provisions hereof, to the performance in all material respects by the Seller, the Depositor and Redwood Trust of its obligations hereunder and to the following additional conditions:
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(a) No stop order suspending the effectiveness of the Registration Statement shall have been issued and no proceedings for that purpose shall have been instituted and be pending or shall have been threatened, any requests for additional information on the part of the Commission (to be included in the Registration Statement or in a Prospectus or otherwise) shall have been complied with to the reasonable satisfaction of the Underwriter, and the Preliminary Prospectus and the Final Prospectus shall have been filed or transmitted for filing with the Commission not later than the time the same is required to be filed or transmitted for filing pursuant to the Regulations of the Commission.
(b) Each of the Depositor and the Seller shall have furnished to the Underwriter a certificate, dated the Closing Date, signed by the Chairman of the Board or the President and the principal financial or accounting officer of such entity, to the effect that each signer of such certificate has carefully examined the Registration Statement, the Final Prospectus, the Preliminary Prospectus and this Agreement and that:
(i) The representations and warranties made by such entity herein are true and correct in all material respects on and as of the Closing Date with the same effect as if made on the Closing Date, and such entity has complied with all agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date;
(ii) No stop order suspending the effectiveness of the Registration Statement has been issued, and no proceedings for that purpose have been instituted and are pending or, to the knowledge of such officer, have been threatened as of the Closing Date;
(iii) Nothing has come to the attention of such officer that would lead such officer to believe that the Preliminary Prospectus or the Final Prospectus contains any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; and
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(iv) Nothing has come to the attention of such officer that would lead such officer to believe that any Seller Mortgage Loan Information contains any untrue statement of a material fact or, in conjunction with the Preliminary Prospectus or the Final Prospectus, omits any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
(c) Redwood Trust shall have furnished to the Underwriter a certificate, dated the Closing Date, of Redwood Trust, signed by the Chairman of the Board or President and the principal financial or accounting officer of Redwood Trust, to the effect that each signer of such certificate has carefully examined the Registration Statement, the Preliminary Prospectus, the Final Prospectus and this Agreement and that:
(i) The representations and warranties of Redwood Trust herein are true and correct in all material respects on and as of the Closing Date with the same effect as if made on the Closing Date, and Redwood Trust has complied with all agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date;
(ii) No stop order suspending the effectiveness of the Registration Statement has been issued, and no proceedings for that purpose have been instituted and are pending or, to the knowledge of such officer, have been threatened as of the Closing Date; and
(iii) Nothing has come to the attention of such officer that would lead such officer to believe that the Preliminary Prospectus or the Final Prospectus contains any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
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(d) Each of the Depositor and the Seller shall have furnished to you an opinion, dated the Closing Date, of Weintraub Tobin Chediak Coleman Grodin Law Corporation or Orrick, Herrington & Sutcliffe LLP, special counsel to the Depositor and the Seller, in form and substance satisfactory to the Underwriter and counsel to the Underwriter, to the effect that:
(i) Such entity has been duly incorporated, is validly existing as a corporation in good standing under the laws of the State of its incorporation and is duly qualified to do business in, and is in good standing as a foreign corporation under the laws of, each jurisdiction where the character of its properties or the nature of its activities makes such qualification necessary, except such jurisdictions, if any, in which the failure to be so qualified will not have a material adverse effect on the condition (financial or otherwise), earnings, regulatory affairs, business affairs, business prospects or properties of such entity; and such entity holds all material licenses, certificates and permits from all governmental authorities necessary for the conduct of its business as described in the Final Prospectus;
(ii) No filing or registration with, notice to, or consent, approval, authorization, order or other action of any governmental agency or body or any court is required for the consummation by such entity of the transactions contemplated by the terms of the Transaction Documents to which it is a party except such as may be required under the “blue sky” or state securities laws of any jurisdiction in connection with the offering, sale or acquisition of the Underwritten Certificates, any recordations of the Mortgage Loans to the Trustee (to the extent such recordations are required pursuant to the Pooling and Servicing Agreement and/or the Underlying Purchase and Servicing Agreements) and filings under the Uniform Commercial Code that have not yet been completed and such other approvals as have been obtained;
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(iii) The issuance, delivery and sale of the Underwritten Certificates to be purchased by the Underwriter pursuant to this Agreement, the execution and delivery of the Transaction Documents by such entity and the consummation of any of the transactions contemplated by the terms of the Transaction Documents do not conflict with or result in a breach or violation of any material term or provision of, or constitute a default under, the certificate of incorporation or by-laws of such entity, or any indenture, contract, lease, mortgage, deed of trust, note, agreement or other evidence of indebtedness or other agreement, obligation or instrument to which such entity is a party or by which it or its property is bound, or any statute or any law, decree, order, rule or regulation applicable to such entity of any court, regulatory body, administrative agency or governmental body having jurisdiction over such entity or its properties;
(iv) There are no legal or governmental actions, investigations or proceedings pending to which such entity is a party, or, to the best knowledge of such counsel, threatened against such entity, (A) asserting the invalidity of any Transaction Document or the Certificates, (B) seeking to prevent the issuance of the Certificates or the consummation of any of the transactions contemplated by any Transaction Document, (C) which might materially and adversely affect the performance by such entity of its respective obligations under, or the validity or enforceability of, any Transaction Document or the Certificates, except as described in the Final Prospectus or (D) seeking to affect adversely the REMIC status (for Federal income tax purposes) of the Underwritten Certificates as described in the Final Prospectus under the heading “Material Federal Income Tax Consequences”;
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(v) The Registration Statement and any amendments thereto have become effective under the Securities Act; to the best knowledge of such counsel, no stop order suspending the effectiveness of the Registration Statement has been issued and not withdrawn, no proceedings for that purpose have been instituted or threatened and not terminated; and the Registration Statement and each Prospectus and each amendment or supplement thereto (in the case of the Registration Statement and the Final Prospectus), as of their respective effective or issue dates (other than the financial and statistical information contained therein as to which such counsel need express no opinion), complied as to form in all material respects with the applicable requirements of the Securities Act and the respective rules and regulations thereunder;
(vi) To the best knowledge of such counsel, there are no material contracts, indentures or other documents of a character required to be described or referred to in the Registration Statement or any Prospectus or to be filed as exhibits to the Registration Statement other than those described or referred to therein or filed or incorporated by reference as exhibits thereto;
(vii) Each Transaction Document to which such entity is a party has been duly authorized, executed and delivered by such entity and constitutes a valid, legal and binding agreement of such entity enforceable against such entity in accordance with its terms, subject, as to enforceability to bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and to general principles of equity regardless of whether enforcement is sought in a proceeding in equity or at law;
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(viii) The direction by the Depositor to the Trustee to execute, authenticate and deliver the Underwritten Certificates has been duly authorized by the Depositor, and the Underwritten Certificates, when authenticated by the Trustee in the manner anticipated by the Pooling and Servicing Agreement and delivered and paid for by you as provided in this Agreement, will be validly issued and outstanding and entitled to the benefits of the Pooling and Servicing Agreement;
(ix) The Underwritten Certificates and the Transaction Documents conform in all material respects to the descriptions thereof contained in the Final Prospectus;
(x) The statements in the Final Prospectus under the headings “Certain Legal Aspects of the Loans” and “Legal Investment,” to the extent that they constitute matters of law or legal conclusions with respect thereto, have been reviewed by such counsel and are correct in all material respects;
(xi) The Underwritten Certificates indicated under the heading “Summary of Terms — Legal Investment” in the Final Prospectus to be “mortgage related securities” will be mortgage related securities, as defined in Section 3(a)(41) of the Exchange Act, so long as such Underwritten Certificates are rated in one of the two highest rating categories by at least one nationally recognized statistical rating organization; and
(xii) The Pooling and Servicing Agreement is not required to be qualified under the Trust Indenture Act of 1939, as amended, and neither the Depositor nor the Issuing Entity is required to be registered as an “investment company” under the 1940 Act.
Such opinion of counsel shall also include negative assurances satisfactory to the Underwriter with respect to the Preliminary Prospectus, the Ratings Free Writing Prospectus and the Final Prospectus.
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Such opinion may express its reliance as to factual matters on the representations and warranties made by, and on certificates or other documents furnished by officers of, the parties to the Transaction Documents. Such opinion may assume the due authorization, execution and delivery of the instruments and documents referred to therein by the parties thereto other than the Seller, the Depositor and Redwood Trust. Such opinion may be qualified as an opinion only on the laws of the States of New York and Delaware and the federal law of the United States, and such opinion may be subject to such other qualifications as are acceptable to the Underwriter and counsel to the Underwriter. To the extent that such firm relies upon the opinion of other counsel in rendering any portion of its opinion, the opinion of such other counsel shall be attached to and delivered with the opinion of such firm that is delivered to you.
(e) The Depositor shall have furnished to the Underwriter an opinion, dated the Closing Date, of Chapman and Cutler LLP, special tax counsel to the Depositor, in form and substance satisfactory to the Underwriter and counsel to the Underwriter, to the effect that:
(i) The statements in the Final Prospectus under the heading “Material Federal Income Tax Consequences,” as supplemented or modified by the statements in the Prospectus Supplement under the heading “Material Federal Income Tax Consequences,” to the extent that they constitute matters of law or legal conclusions with respect to Federal income tax matters, are correct in all material respects; and
(ii) Each segregated asset pool for which the Pooling and Servicing Agreement directs the Trustee to make a REMIC election will qualify as a REMIC within the meaning of Section 860D of the Code.
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(f) Redwood Trust shall have furnished to the Underwriter an opinion, dated the Closing Date, of Weintraub Tobin Chediak Coleman Grodin Law Corporation, special counsel to Redwood Trust, in form and substance satisfactory to the Underwriter and counsel to the Underwriter, to the effect that:
(i) Redwood Trust has been duly incorporated and is validly existing as a corporation in good standing under the laws of the State of Maryland and is duly qualified to do business in, and is in good standing as a foreign corporation under the laws of, each jurisdiction where the character of its properties or the nature of its activities makes such qualification necessary, except such jurisdictions, if any, in which the failure to be so qualified will not have a material adverse effect on the condition (financial or otherwise), earnings, regulatory affairs, business affairs, business prospects or properties of Redwood Trust; and Redwood Trust holds all material licenses, certificates and permits from all governmental authorities necessary for the conduct of its business as described in the Final Prospectus;
(ii) Each Transaction Document to which Redwood Trust is a party has been duly authorized, executed and delivered by Redwood Trust and constitutes a valid, legal and binding agreement of Redwood Trust, enforceable against Redwood Trust in accordance with its terms, subject, as to enforceability to bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and to general principles of equity regardless of whether enforcement is sought in a proceeding in equity or at law;
(iii) No consent, approval, authorization or order of any court or governmental agency or body is required for the consummation by Redwood Trust of the transactions contemplated by the terms of the Transaction Documents to which Redwood Trust is a party except such as may be required under the “blue sky” or state securities laws of any jurisdiction in connection with the offering, sale or acquisition of the Underwritten Certificates, any recordations of the assignment of the Mortgage Loans to the Trustee (to the extent such recordations are required pursuant to the Pooling and Servicing Agreement and/or the Underlying Purchase and Servicing Agreements) that have not yet been completed and such other approvals as have been obtained;
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(iv) The consummation of any of the transactions contemplated by the terms of the Transaction Documents to which Redwood Trust is a party do not conflict with or result in a breach or violation of any material term or provision of, or constitute a default under, the charter or by-laws of Redwood Trust, or, to the best knowledge of such counsel, any indenture or other agreement or instrument to which Redwood Trust is a party or by which it is bound, or any statute or regulation applicable to Redwood Trust or any order of any court, regulatory body, administrative agency or governmental body having jurisdiction over Redwood Trust; and
(v) There are no legal or governmental actions, investigations or proceedings pending to which Redwood Trust is a party, or, to the best knowledge of such counsel, threatened against Redwood Trust, (A) asserting the invalidity of any Transaction Document to which Redwood Trust is a party or (B) which might materially and adversely affect the performance by Redwood Trust of its obligations under, or the validity or enforceability of any Transaction Document to which Redwood Trust is a party.
Such opinion may express its reliance as to factual matters on the representations and warranties made by, and on certificates or other documents furnished by officers of, the parties to the Transaction Documents. Such opinion may assume the due authorization, execution and delivery of the instruments and documents referred to therein by the parties thereto other than Redwood Trust, the Seller and the Depositor. Such opinion may be qualified as an opinion only on the laws of the States of Maryland, New York and California and the federal law of the United States. To the extent that such counsel relies upon the opinion of other counsel in rendering any portion of its opinion, the opinion of such other counsel shall be attached to and delivered with the opinion of such counsel that is delivered to the Underwriter.
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(g) The Trustee shall have furnished to the Underwriter an opinion, dated the Closing Date, of Alston & Bird LLP, counsel to the Trustee, in form and substance satisfactory to the Underwriter and counsel to the Underwriter, to the effect that:
(i) The Trustee has been duly organized and is validly existing as a federal savings bank duly organized under the laws of the United States of America, and is duly qualified to do business in each jurisdiction where the character of its properties or the nature of its activities makes such qualification necessary, except such jurisdictions, if any, in which the failure to be so qualified will not have a material adverse effect on the condition (financial or otherwise), earnings, regulatory affairs, business affairs, business prospects or properties of the Trustee; and the Trustee holds all material licenses, certificates and permits from all governmental authorities necessary for the conduct of its business as described in the Final Prospectus;
(ii) The Pooling and Servicing Agreement has been duly authorized, executed and delivered by the Trustee and constitutes a valid, legal and binding agreement of the Trustee, enforceable against the Trustee in accordance with its terms, subject, as to enforceability to bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and to general principles of equity regardless of whether enforcement is sought in a proceeding in equity or at law;
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(iii) No consent, approval, authorization or order of any court or governmental agency or body is required for the consummation by the Trustee of the transactions contemplated by the terms of the Pooling and Servicing Agreement, except any such as may be required under the “blue sky” or state securities laws of any jurisdiction in connection with the offering, sale or acquisition of the Underwritten Certificates, any recordations of the assignment of the Mortgage Loans to the Trustee (to the extent such recordations are required pursuant to the Pooling and Servicing Agreement and/or the Underlying Purchase and Servicing Agreements) that have not yet been completed and such other approvals as have been obtained; and
(iv) The consummation of any of the transactions contemplated by the Pooling and Servicing Agreement do not conflict with or result in a breach or violation of any material term or provision of, or constitute a default under, the charter or by-laws of the Trustee, or, to the best knowledge of such counsel, any indenture or other agreement or instrument to which the Trustee is a party or by which it is bound, or any statute or regulation applicable to the Trustee or any order of any court, regulatory body, administrative agency or governmental body having jurisdiction over the Trustee.
Such opinion may express its reliance as to factual matters on the representations and warranties made by, and on certificates or other documents furnished by officers of, the parties to the Transaction Documents. Such opinion may assume the due authorization, execution and delivery of the instruments and documents referred to therein by the parties thereto other than the Trustee. Such opinion may be qualified as an opinion only on the laws of the States of New York and Delaware and the federal law of the United States. To the extent that such counsel relies upon the opinion of other counsel in rendering any portion of its opinion, the opinion of such other counsel shall be attached to and delivered with the opinion of such counsel that is delivered to the Underwriter.
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(h) The Master Servicer and the Securities Administrator shall have furnished to the Underwriter an opinion, dated the Closing Date, of counsel to the Master Servicer or Alston & Bird LLP, counsel to such parties, in form and substance satisfactory to the Underwriter and counsel to the Underwriter, to the effect that:
(i) Each of the Master Servicer and the Securities Administrator has been duly organized and is validly existing as a national banking association under the laws of the United States of America, and is duly qualified to do business in each jurisdiction where the character of its properties or the nature of its activities makes such qualification necessary, except such jurisdictions, if any, in which the failure to be so qualified will not have a material adverse effect on the condition (financial or otherwise), earnings, regulatory affairs, business affairs, business prospects or properties of the such party; and such party holds all material licenses, certificates and permits from all governmental authorities necessary for the conduct of its business as described in the Final Prospectus;
(ii) The Pooling and Servicing Agreement has been duly authorized, executed and delivered by each of the Master Servicer and the Securities Administrator and constitutes a valid, legal and binding agreement of the such party, enforceable against such party in accordance with its terms, subject, as to enforceability to bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and to general principles of equity regardless of whether enforcement is sought in a proceeding in equity or at law;
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(iii) No consent, approval, authorization or order of any court or governmental agency or body is required for the consummation by the either the Master Servicer or the Securities Administrator of the transactions contemplated by the terms of the Pooling and Servicing Agreement;
(iv) The consummation of any of the transactions contemplated by the terms of the Pooling and Servicing Agreement do not conflict with or result in a breach or violation of any material term or provision of, or constitute a default under, the charter or by-laws of either the Master Servicer or the Securities Administrator or, to the best knowledge of such counsel, any indenture or other agreement or instrument to which such party is a party or by which it is bound, or any statute or regulation applicable to such party or any order of any court, regulatory body, administrative agency or governmental body having jurisdiction over such party; and
(v) There are no legal or governmental actions, investigations or proceedings pending to which either the Master Servicer or the Securities Administrator is a party, or, to the best knowledge of such counsel, threatened against the such party, (A) asserting the invalidity of the Pooling and Servicing Agreement or (B) which might materially and adversely affect the performance by such party of its obligations under, or the validity or enforceability of, the Pooling and Servicing Agreement.
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Such opinion may express its reliance as to factual matters on the representations and warranties made by, and on certificates or other documents furnished by officers of, the parties to the Transaction Documents. Such opinion may assume the due authorization, execution and delivery of the instruments and documents referred to therein by the parties thereto other than the Master Servicer or the Securities Administrator. Such opinion may be qualified as an opinion only on the laws of the States of New York and Delaware and the federal law of the United States. To the extent that such counsel relies upon the opinion of other counsel in rendering any portion of its opinion, the opinion of such other counsel shall be attached to and delivered with the opinion of such counsel that is delivered to the Underwriter.
(i) The Underwriter shall have received copies of any opinions of counsel delivered to the rating agencies set forth in the Ratings Free Writing Prospectus as rating the Underwritten Certificates, including, but not limited to, any “true sale” or “perfection” opinions. Any such opinions shall be dated the Closing Date and addressed to the Underwriter or accompanied by reliance letters addressed to the Underwriter.
(j) The Underwriter shall have received from its counsel such opinion or opinions, dated the Closing Date, with respect to the issuance and sale of the Underwritten Certificates, the Registration Statement and each Prospectus, and such other related matters as you may reasonably require, including a negative assurance letter satisfactory to the Underwriter with respect to the Preliminary Prospectus, the Ratings Free Writing Prospectus or the Final Prospectus.
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(k) The Depositor’s independent accountants shall have furnished to the Underwriter a letter or letters addressed to the Underwriter and dated as of or prior to the date of first use of any Free Writing Prospectus (other than an Underwriter Free Writing Prospectus or the Preliminary Free Writing Prospectus), the Preliminary Prospectus or the Final Prospectus in the form and reflecting the performance of the procedures previously agreed to by the Depositor and the Underwriter.
(l) Subsequent to the date hereof, there shall not have occurred any change, or any development involving a prospective change in or affecting the earnings, business or properties of Redwood Trust, the Depositor or the Seller which, in your judgment, materially impairs the investment quality of the Underwritten Certificates so as to make it impractical or inadvisable to proceed with the public offering or the delivery of the Underwritten Certificates as contemplated by the Final Prospectus.
(m) The Underwritten Certificates shall be rated not lower than the required ratings set forth in the Free Writing Prospectus dated October 16, 2012 with respect to ratings of the Underwritten Certificates (the “Ratings Free Writing Prospectus”), such ratings shall not have been rescinded and no public announcement shall have been made that any such required rating of the Underwritten Certificates has been placed under review (otherwise than for possible upgrading).
(n) The Depositor shall have furnished to the Underwriter such further information, certificates and documents as the Underwriter may reasonably have requested, and all proceedings in connection with the transactions contemplated by this Agreement and all documents incident hereto shall be in all material respects satisfactory in form and substance to the Underwriter and its counsel.
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If any of the conditions specified in this Section 6 shall not have been fulfilled when and as provided in this Agreement, this Agreement and all obligations of the Underwriter hereunder may be canceled at, or at any time prior to, the Closing Date by the Underwriter. Notice of such cancellation shall be given to the Depositor in writing, or by telephone or telegraph confirmed in writing.
7. Termination. This Agreement shall be subject to termination in your absolute discretion, by notice given to the Depositor if, subsequent to the date hereof, (i) trading generally shall have been suspended or materially limited on, or by, as the case may be, any of the New York Stock Exchange, the American Stock Exchange, the Nasdaq National Market, the Chicago Board of Options Exchange, the Chicago Mercantile Exchange or the Chicago Board of Trade, (ii) trading of any securities of Redwood Trust or the Depositor shall have been suspended on any exchange or in any over-the-counter market, (iii) a material disruption in securities settlement, payment or clearance services in the United States shall have occurred, (iv) any moratorium on commercial banking activities shall have been declared by Federal or New York State authorities or (v) there shall have occurred any outbreak or escalation of hostilities, or any change in financial markets or any calamity or crisis that, in your judgment, is material and adverse and which, singly or together with any other event specified in this clause (v), makes it, in your judgment, impracticable or inadvisable to proceed with the offer, sale or delivery of the Underwritten Certificates on the terms and in the manner contemplated in the Final Prospectus.
8. Representations and Indemnities to Survive. The respective agreements, representations, warranties, indemnities and other statements of the Depositor, the Seller and Redwood Trust and their respective officers and of the Underwriter set forth in or made pursuant to this Agreement will remain in full force and effect, regardless of any investigation made by or on behalf of the Underwriter or the Depositor, the Seller or Redwood Trust, and will survive delivery of and payment for the Underwritten Certificates. The provisions of Sections 5(iv), 9, 11 and 12 hereof shall survive the termination or cancellation of this Agreement.
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9. Reimbursement of Underwriter Expenses. If for any reason, other than default by the Underwriter in its obligation to purchase the Underwritten Certificates or termination by the Underwriter pursuant to Section 7 hereof, the Underwritten Certificates are not delivered as provided herein, the Depositor, the Seller and Redwood Trust jointly and severally agree to reimburse the Underwriter for all damages, losses and out-of-pocket expenses of the Underwriter, including reasonable fees and disbursements of its counsel, reasonably incurred by the Underwriter in making preparations for the purchase, sale and delivery of the Underwritten Certificates, but the Depositor, the Seller and Redwood Trust shall then be under no further liability to the Underwriter with respect to the Underwritten Certificates, except as provided in Sections 5(iv), 8, 11 or 12 hereof.
10. Certain Definitions. For purposes of this Agreement, the following terms shall have the respective meanings set forth below:
Custom Loan Information: Such information regarding the Mortgage Loans as is disseminated by the Underwriter to a potential investor, exclusive of any Seller Mortgage Loan Information (in the form provided by the Depositor) and information included in the Preliminary Term Sheet.
Contract of Sale: A valid contract, whether oral or written, by which a third party becomes committed to purchase any Underwritten Certificates from the Underwriter and the Underwriter becomes committed to sell such Underwritten Certificates to such third party; provided that “Contract of Sale” excludes any action by such third party and the Underwriter prior to such commitments.
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Derived Information: Such information regarding the Underwritten Certificates as is disseminated by the Underwriter to a potential investor, which information is prepared on the basis of or derived from Seller Mortgage Loan Information (e.g., tables and/or charts displaying with respect to any Class or Classes of Underwritten Certificates, any of the following: yield, average life, duration, expected maturity, interest rate sensitivity, loss sensitivity), but does not include (i) Issuer Information, (ii) information contained in the Registration Statement, any Prospectus or any amendment or supplement to any of them, taking into account information incorporated therein by reference or (iii) Seller Mortgage Loan Information.
Free Writing Prospectus: The Preliminary Term Sheet, the Preliminary Free Writing Prospectus and any Custom Loan Information, Derived Information or other information relating to the Underwritten Certificates disseminated by the Depositor (with the prior consent of the Underwriter pursuant to Section 4) or by the Underwriter (with the prior consent of the Depositor pursuant to Section 4), that constitutes a “free writing prospectus” within the meaning of Rule 405 under the Securities Act.
Issuer Information: Such information as defined in Rule 433(h) under the Securities Act and information that is based on or derived from such information, but excluding Derived Information or Custom Loan Information.
Preliminary Free Writing Prospectus: The preliminary free writing prospectus dated October 16, 2012.
Preliminary Term Sheet: The preliminary term sheet dated October 15, 2012.
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Seller Mortgage Loan Information: Information relating to the Mortgage Loans furnished by or on behalf of the Depositor or the Seller to the Underwriter.
Spread: The excess, if any, of (i) the purchase prices paid by investors to the Underwriter for the Underwritten Certificates over (ii) the purchase price paid by the Underwriter to the Depositor for the Underwritten Certificates purchased by the Underwriter.
Underwriter Free Writing Prospectus: Any Free Writing Prospectus that was prepared by or on behalf of an Underwriter.
Underwriter Information: The only written information furnished by or on behalf of the Underwriter to the Depositor specifically for use in connection with the preparation of the Registration Statement, any Prospectus or any Free Writing Prospectus, such information being specified on Exhibit A attached hereto.
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11. Indemnification. (a) The Depositor, the Seller and Redwood Trust jointly and severally agree to indemnify and hold harmless the Underwriter and each person who controls the Underwriter within the meaning of either the Securities Act or the Exchange Act against any and all losses, claims, damages or liabilities, joint or several, to which they may become subject under the Securities Act, the Exchange Act, or other federal or state statutory law or regulation, at common law or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon (i) any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement or in any revision or amendment thereof or supplement thereto, (ii) the omission or alleged omission to state therein a material fact required to be stated in the Registration Statement or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, (iii) any untrue statement or alleged untrue statement of a material fact contained in the Preliminary Prospectus (expressly including any information relating to a servicer or an originator), (iv) the omission or alleged omission to state therein a material fact required to be stated in the Preliminary Prospectus (expressly including any information relating to a servicer or an originator), or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, (v) any untrue statement or alleged untrue statement of a material fact contained in the Final Prospectus (expressly including any information relating to a servicer or an originator), or in any revision or amendment thereof or supplement thereto, (vi) the omission or alleged omission to state in the Final Prospectus (expressly including any information relating to a servicer or an originator), or in any revision or amendment thereof or supplement thereto, a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, (vii) any untrue statement or alleged untrue statement of a material fact contained in a Free Writing Prospectus other than an Underwriter Free Writing Prospectus, or (viii) the omission or alleged omission to state in a Free Writing Prospectus other than an Underwriter Free Writing Prospectus a material fact required to be stated in a Free Writing Prospectus or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, and further agree to promptly reimburse each such indemnified party for any legal or other expenses reasonably incurred by it or him, as incurred, in connection with defending or preparing to defend against any such loss, claim, damage, liability or action; provided, however, that none of the Depositor, the Seller or Redwood Trust shall be liable to the Underwriter or any person who controls the Underwriter to the extent that any misstatement or alleged misstatement or omission or alleged omission (i) was made in the Preliminary Prospectus, the Final Prospectus, any Free Writing Prospectus or the Registration Statement, as applicable, pursuant to Underwriter Information, Derived Information or Custom Loan Information disseminated by the Underwriter (unless such misstatement or alleged misstatement or omission or alleged omission resulted from an error or material omission in the Seller Mortgage Loan Information), (ii) was corrected (with such correction timely delivered to the Underwriter) at least one business day prior to the written confirmation of the applicable Contract of Sale and the Underwriter did not deliver, at or prior to the written confirmation of such sale, a copy of the Final Prospectus as then revised, amended or supplemented, if the Depositor has previously furnished copies thereof to the Underwriter in accordance with the terms of this Agreement, (iii) was made in any Free Writing Prospectus or the Registration Statement and was corrected in the Preliminary Prospectus but the Underwriter did not deliver, prior to entering into the applicable Contract of Sale, a copy of the Preliminary Prospectus to the applicable purchaser, if the Depositor has previously furnished copies thereof to the Underwriter in accordance with the terms of this Agreement or (iv) is attributable to a breach or an alleged breach of a representation and warranty made by the Underwriter or an affiliate of the Underwriter to the Depositor or an affiliate of the Depositor. This agreement as to indemnity will be in addition to any liability that the Depositor, the Seller or Redwood Trust may otherwise have.
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(b) The Underwriter agrees to indemnify and hold harmless the Depositor, Redwood Trust and the Seller, the officers of the Depositor who signed the Registration Statement or any amendment thereof, the directors of the Depositor, and each person who controls the Depositor, Redwood Trust or the Seller within the meaning of either the Securities Act or the Exchange Act, to the same extent as the foregoing indemnities from the Depositor, the Seller and Redwood Trust to the Underwriter; provided, however, that the Underwriter will be liable in any such case only to the extent that such untrue statement or alleged untrue statement or omission or alleged omission was made in reliance upon and in conformity with Underwriter Information, Derived Information or Custom Loan Information, as applicable, furnished by the Underwriter to the Depositor or to a prospective investor, except to the extent that any untrue statement or alleged untrue statement therein or omission therefrom resulted (or is alleged to have resulted) directly from an error in the Seller Mortgage Loan Information that was used in the preparation of either (x) any Underwriter Information, Derived Information or Custom Loan Information (or amendment or supplement thereof) or (y) any written or electronic materials furnished to prospective investors on which the Underwriter Information (or amendments or supplements) were based, and for any untrue statement or alleged untrue statement of a material fact contained in any Underwriter Free Writing Prospectus prepared by or on behalf of the Underwriter and the omission or alleged omission to state in any Underwriter Free Writing Prospectus prepared by or on behalf of the Underwriter a material fact required to be stated in a Free Writing Prospectus or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. This agreement as to indemnity will be in addition to any liability that the Underwriter may otherwise have.
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(c) Promptly after receipt of notice of the commencement of any action by an indemnified party under this Section 11, such indemnified party shall, if a claim in respect thereof is to be made against the indemnifying party under this Section 11, notify the indemnifying party in writing of the commencement thereof; provided, however, that the omission so to notify the indemnifying party will not relieve the indemnifying party from any liability which it may have to any indemnified party, unless the indemnifying party is materially prejudiced by such failure to notify and in any event shall not relieve the indemnifying party from any liability which it may have to any indemnified party other than under this Section 11. In case any such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party shall be entitled to participate therein, and to the extent that it may elect by written notice delivered to the indemnified party, to assume the defense thereof; provided, however, that if the defendants in any such action include both the indemnified party and the indemnifying party and the indemnified party (including impleaded parties) or parties shall have reasonably concluded that there may be legal defenses available to it or them and/or other indemnified parties that are different from or additional to those available to the indemnifying party such that joint representation of the parties would create an ethical conflict of interest for counsel, the indemnified party or parties shall have the right to elect to be represented by separate counsel to assert such legal defenses and to otherwise participate in the defense of such action on behalf of such indemnified party or parties. Upon receipt of notice from the indemnifying party to such indemnified party of its election so to assume the defense of such action and consent by the indemnified party to selection of counsel, which consent shall not be withheld unreasonably, the indemnifying party will not be liable for any legal or other expenses subsequently incurred by such indemnified party in connection with the defense thereof, unless (i) the indemnified party shall have employed separate counsel in connection with the assertion of legal defenses in accordance with the proviso to the next preceding sentence (it being understood, however, that the indemnifying party shall not be liable for the expenses of more than one separate counsel (in addition to local counsel) for the Underwriter in the case of paragraph (a) of this Section 11, representing the related indemnified parties under such paragraph (a) who are parties to such action), (ii) the indemnifying party shall not have employed counsel satisfactory to the indemnified party to represent the indemnified party within a reasonable time after notice of commencement of the action or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party; and except that, if clause (i) or (iii) is applicable, such liability shall only be in respect of the counsel referred to in such clause (i) or (iii). The indemnifying party shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, the indemnifying party agrees to indemnify the indemnified party from and against any loss or liability by reason of such settlement or judgment. No indemnifying party shall, without the consent of the indemnified party, effect any settlement of any pending or threatened proceeding in respect of which any indemnified party is or could have been a party and indemnity could have been sought hereunder by such indemnified party, unless such settlement includes an unconditional release of such indemnified party from all liability on claims that are the subject matter of such proceeding.
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12. Contribution. If the indemnification provided for in Section 11 is unavailable or insufficient to hold harmless an indemnified party under Section 11, then (i) each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of the losses, claims, damages or liabilities referred to in Section 11 above in such proportion as is appropriate to reflect the relative benefits received by the Depositor, the Seller and Redwood Trust on the one hand and the Underwriter on the other from the offering of the Underwritten Certificates or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of the Depositor, the Seller and Redwood Trust on the one hand and the Underwriter on the other in connection with the statements or omissions or alleged statements or alleged omissions which resulted in such losses, claims, damages or liabilities as well as any other relevant equitable considerations. The relative benefits received by the Depositor, the Seller and Redwood Trust on the one hand and the Underwriter on the other shall be in such proportion so that the Underwriter is responsible for an amount equal to the Spread, and the Depositor, the Seller and Redwood Trust are responsible for the balance. The relative fault shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omissions or alleged omission to state a material fact relates to information supplied by the Depositor, the Seller or Redwood Trust or by the Underwriter and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such untrue statement or omission. The Depositor, the Seller, Redwood Trust and the Underwriter agree that it would not be just and equitable if contribution were determined by pro rata allocation or by any other method of allocation that does not take account of the equitable considerations referred to above. The amount paid by an indemnified party as a result of the losses, claims, damages or liabilities referred to in the first sentence of this Section 12 shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any action or claim which is the subject of this Section 12. The Underwriter shall not be required to contribute any amount in excess of (x) the Spread, over (y) the amount of any damages which the Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation.
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13. Successors. This Agreement will inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns, and no other person will have any right or obligation hereunder.
14. Applicable Law. This Agreement will be governed by, and construed in accordance with, the laws of the State of New York applicable to agreements made and to be performed therein, without reference to its conflict of law provisions (other than Section 5-1401 of the General Obligations Law), and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws.
15. No Advisory or Fiduciary Responsibility. The Depositor acknowledges and agrees that: (i) the purchase and sale of the Underwritten Certificates pursuant to this Agreement, including the determination of the public offering price of the Underwritten Certificates and any related discounts and commissions, is an arm’s-length commercial transaction between the Depositor, on the one hand, and the Underwriter, on the other hand, and the Depositor is capable of evaluating and understanding and understands and accepts the terms, risks and conditions of the transactions contemplated by this Agreement; (ii) in connection with each transaction contemplated hereby and the process leading to such transaction the Underwriter is and has been acting solely as a principal and is not the financial advisor, agent or fiduciary of the Depositor or its affiliates, stockholders, creditors or employees or any other party; (iii) the Underwriter has not assumed nor will it assume an advisory, agency or fiduciary responsibility in favor of the Depositor with respect to any of the transactions contemplated hereby or the process leading thereto (irrespective of whether the Underwriter has advised or is currently advising the Depositor on other matters) or any other obligation to the Depositor except the obligations expressly set forth in this Agreement; (iv) the Underwriter and its affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Depositor and that the Underwriter has no obligation to disclose any of such interests by virtue of any advisory, agency or fiduciary relationship; and (v) the Underwriter has not provided any legal, accounting, regulatory or tax advice with respect to the offering contemplated hereby and the Depositor has consulted its own legal, accounting, regulatory and tax advisors to the extent it deemed appropriate.
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This Agreement supersedes all prior agreements and understandings (whether written or oral) between the Depositor and the Underwriter with respect to the subject matter hereof. The Depositor hereby waives and releases, to the fullest extent permitted by law, any claims that the Depositor may have against the Underwriter with respect to any breach or alleged breach of agency or fiduciary duty.
The Depositor acknowledges and agrees that the Underwriter is acting solely in the capacity of an arm's length contractual counterparty to the Depositor with respect to the offering of Underwritten Certificates contemplated hereby (including in connection with determining the terms of the offering) and not as a financial advisor or a fiduciary to, or an agent of, the Depositor or any other person. In addition, the Underwriter is not advising the Depositor or any other person as to any legal, tax, investment, accounting or regulatory matters in any jurisdiction. The Depositor shall consult with its own advisors concerning such matters, and the Underwriter shall have no responsibility or liability to the Depositor with respect thereto. Any review by the Underwriter of the Depositor, the transactions contemplated hereby or other matters relating to such transactions will be performed solely for the benefit of the Underwriter and shall not be on behalf of the Depositor.
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16. Miscellaneous. Time shall be of the essence of this Agreement. This Agreement, together with any contemporaneous written agreements and any prior written agreements (to the extent not superseded by this Agreement) that relate to the offering of the Underwritten Certificates, represents the entire agreement between Depositor, the Seller and Redwood Trust, on the one hand, and the Underwriter, on the other, with respect to the preparation of the Preliminary Prospectus, the Final Prospectus and any Free Writing Prospectus, the conduct of the offering and the purchase and sale of the Underwritten Certificates. Neither this Agreement nor any term hereof may be changed, waived, discharged or terminated except by a writing signed by the party against whom enforcement of such change, waiver, discharge or termination is sought. This Agreement may be signed in any number of counterparts, each of which shall be deemed an original, which taken together shall constitute one and the same instrument.
17. Notices. All communications hereunder shall be in writing and effective only on receipt and, if sent to the Underwriter, shall be delivered to the address specified on the signature page hereof. If such notice is sent to the Depositor, the Seller or Redwood Trust, it shall be delivered to One Belvedere Place, Suite 330, Mill Valley, California 94941, attention of John Isbrandtsen.
18. Closing Date. The Underwriter, the Seller, the Depositor and Redwood Trust shall make all commercially reasonable efforts to close the sale and purchase of the Underwritten Certificates (the “Transaction”) on October 30, 2012 (the “Targeted Closing Date”). If the Transaction does not close on or before October 30, 2012, the Underwriter, the Seller, the Depositor and Redwood Trust shall make all commercially reasonable efforts to close the Transaction as soon as practicable thereafter but not later than November 9, 2012 (the “Latest Permitted Closing Date”).
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To the extent that the Transaction does not close on the Targeted Closing Date but closes on or prior to the Latest Permitted Closing Date and the failure to close on the Targeted Closing Date is not the result of a delay of or caused by the Underwriter in connection with any Free Writing Prospectus, the Preliminary Prospectus, the Final Prospectus or this Agreement, the Aggregate Purchase Price Percentage for the Underwritten Certificates as shown on Schedule 1 hereto shall be reduced by an amount equal to 0.078125% for each five business day period for which the closing of the Transaction does not occur, pro rated for the actual number of business days from and including the Targeted Closing Date to but excluding the actual closing date of the Transaction.
In the event that the Transaction does not close on or before the Latest Permitted Closing Date, the obligations of the Underwriter under this Agreement shall terminate unless the Underwriter, the Depositor, the Seller and Redwood Trust each agree in writing to extend this Agreement, subject to any additional terms and conditions agreed to at the time of such extension.
* * *
45 |
If the foregoing is in accordance with your understanding of our agreement please sign and return to the undersigned a counterpart hereof, whereupon this Agreement and your acceptance shall represent a binding agreement by and among the Depositor, the Seller, Redwood Trust and the Underwriter relating to the Underwritten Certificates.
Very truly yours,
REDWOOD RESIDENTIAL ACQUISITION
CORPORATION,
as Seller
By: /s/ William J. Moliski
Name: William J. Moliski
Title: Authorized Signatory
SEQUOIA RESIDENTIAL FUNDING, INC.,
as Depositor
By: /s/ William J. Moliski
Name: William J. Moliski
Title: Authorized Signatory
REDWOOD TRUST, INC.
By: /s/ William J. Moliski
Name: William J. Moliski
Title: Authorized Signatory
The foregoing Agreement
is hereby confirmed and accepted by:
RBS SECURITIES, INC.
By: /s/ Sean Curran
Name: Sean Curran
Title: Vice President
Address: 600 Washington Blvd.
Stamford, CT 06901
Schedule 1 – Schedule of Underwritten Certificates
Class | Original Class Principal or Notional Amount |
Initial Class Interest Rate(1) |
Aggregate Purchase Price Percentage of the Underwriter |
Original Principal or Notional Amount to be purchased by Underwriter | |||||
A | $296,954,000 | 2.5000% | 102.3125% | $296,954,000 | |||||
A-IO | $296,954,000 | 1.4344% | 5.198% | $296,954,000 |
(1) | The Underwritten Certificates will accrue interest at the related interest rate described in the Final Prospectus. |
EXHIBIT A
The following constitutes Underwriter Information for purposes of Section 10 of this Agreement:
The information set forth in the Preliminary Prospectus Supplement and the Prospectus Supplement (i) in the first and second sentences of the paragraph immediately preceding the penultimate paragraph on the cover page thereof and (ii) in the second paragraph and the first sentence of the fourth paragraph under the caption “Method of Distribution” therein.
EXECUTION COPY
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Page
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SECTION 1. Definitions.
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1
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SECTION 2. Purchase and Conveyance.
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16
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SECTION 3. Mortgage Loan Schedule.
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16
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SECTION 4. Purchase Price.
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17
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SECTION 5. Examination of Mortgage Files.
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17
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SECTION 6. Delivery of Mortgage Loan Documents.
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17
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Subsection 6.01 Possession of Mortgage Files.
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17
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Subsection 6.02 Books and Records.
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18
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Subsection 6.03 Delivery of Mortgage Loan Documents.
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19
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Subsection 6.04 Helping Families Act Notice
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19
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SECTION 7. Representations, Warranties and Covenants; Remedies for Breach.
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20
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Subsection 7.01 Representations and Warranties Regarding Individual Mortgage Loans.
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20
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Subsection 7.02 Seller and Servicer Representations.
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30
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Subsection 7.03 Repurchase; Substitution.
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32
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Subsection 7.04 Repurchase of Mortgage Loans With Early Payment Default.
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35
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Subsection 7.05 Purchase Price Protection.
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35
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SECTION 8. Closing.
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35
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Subsection 8.01 Closing Conditions.
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35
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Subsection 8.02 Closing Documents.
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36
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SECTION 9. [Reserved.]
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36
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SECTION 10. Costs.
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36
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SECTION 11. Administration and Servicing of Mortgage Loans.
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37
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Subsection 11.01 Servicer to Act as Servicer; Subservicing.
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37
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Subsection 11.02 Liquidation of Mortgage Loans.
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40
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Subsection 11.03 Collection of Mortgage Loan Payments.
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40
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Subsection 11.04 Establishment of Custodial Account; Deposits in Custodial Account.
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40
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Subsection 11.05 Withdrawals From the Custodial Account.
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42
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Subsection 11.06 Establishment of Escrow Account; Deposits in Escrow Account.
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43
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Subsection 11.07 Withdrawals From Escrow Account.
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44
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Subsection 11.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder.
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44
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Subsection 11.09 Transfer of Accounts.
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45
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Subsection 11.10 Maintenance of Hazard Insurance.
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45
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Subsection 11.11 Maintenance of Primary Mortgage Insurance Policy; Claims.
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46
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Subsection 11.12 Fidelity Bond; Errors and Omissions Insurance.
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47
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Subsection 11.13 Title, Management and Disposition of REO Property.
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47
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Subsection 11.14 Servicing Compensation.
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48
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Subsection 11.15 Distributions.
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48
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Subsection 11.16 Statements to the Purchaser.
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49
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Subsection 11.17 Advances by the Servicer.
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50
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Subsection 11.18 Assumption Agreements.
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50
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Subsection 11.19 Satisfaction of Mortgages and Release of Mortgage Files.
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51
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Subsection 11.20 Seller and Servicer Shall Provide Access and Information as Reasonably Required.
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51
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Subsection 11.21 Inspections.
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52
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Subsection 11.22 Restoration of Mortgaged Property.
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52
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Page
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Subsection 11.23 Fair Credit Reporting Act.
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52
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SECTION 12. The Servicer.
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53
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Subsection 12.01 Indemnification; Third Party Claims.
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53
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Subsection 12.02 Merger or Consolidation of the Servicer.
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53
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Subsection 12.03 Limitation on Liability of the Servicer and Others.
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53
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Subsection 12.04 Seller and Servicer Not to Resign.
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54
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Subsection 12.05 Liability for Failure to Deliver Mortgage Files.
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54
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SECTION 13. Default.
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54
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Subsection 13.01 Events of Default.
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54
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Subsection 13.02 Waiver of Default.
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56
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SECTION 14. Termination.
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56
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Subsection 14.01 Termination.
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56
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Subsection 14.02 Successors to the Servicer.
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57
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SECTION 15. Notices.
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57
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SECTION 16. Severability Clause.
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58
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SECTION 17. No Partnership.
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59
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SECTION 18. Counterparts.
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59
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SECTION 19. Governing Law; Choice of Forum; Waiver of Jury Trial.
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59
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SECTION 20. Intention of the Parties.
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60
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SECTION 21. Waivers.
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60
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SECTION 22. Exhibits.
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60
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SECTION 23. General Interpretive Principles.
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60
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SECTION 24. Reproduction of Documents.
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61
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SECTION 25. Amendment.
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61
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SECTION 26. Confidentiality.
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61
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SECTION 27. Entire Agreement.
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62
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SECTION 28. Further Agreements.
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62
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SECTION 29. Successors and Assigns.
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62
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SECTION 30. Non-Solicitation.
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63
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SECTION 31. Protection of Consumer Information.
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64
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SECTION 32. Cooperation of the Company with a Reconstitution; Regulation AB Compliance.
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64
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EXHIBIT 1
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MORTGAGE LOAN DOCUMENTS
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EXHIBIT 2
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CONTENTS OF EACH MORTGAGE FILE
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EXHIBIT 3
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UNDERWRITING GUIDELINES
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EXHIBIT 4
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FORM OF ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT
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EXHIBIT 5
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FORM OF MONTHLY REMITTANCE REPORT
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EXHIBIT 6
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FORM OF PPTL
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EXHIBIT 7
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FORM OF MONTHLY REPORT
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EXHIBIT 8
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FORM OF NOTICE OF SALE OF OWNERSHIP OF MORTGAGE LOAN
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EXHIBIT 9
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MORTGAGE LOAN SCHEDULE
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ADDENDUM I
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REGULATION AB COMPLIANCE ADDENDUM
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REDWOOD RESIDENTIAL ACQUISITION
CORPORATION, |
||
as Purchaser
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By:
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/s/ John Isbrandtsen
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Name:
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John Isbrandtsen
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Title:
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Authorized Signatory
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FIRST REPUBLIC BANK,
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as Seller and as Servicer
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By:
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/s/ Jason Bender | |
Name:
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Jason Bender | |
Title:
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Senior Vice President
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(i)
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the original Mortgage Note together with any applicable riders, endorsed in blank, with all prior and intervening endorsements as may be necessary to show a complete chain of endorsements;
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(ii)
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the original security agreement;
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(iii)
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the original lease on a co-op unit evidencing the possessory interest of the owner of the Co-op Shares in such co-op unit (the “Proprietary Lease”) and an original assignment of the Proprietary Lease in blank;
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(iv)
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the original recognition agreement;
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(v)
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the original stock certificate representing the shares of stock issued by a co-op corporation and allocated to a co-op unit (the “Co-op Shares”) and original stock power in blank;
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(vi)
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the original UCC-1 financing statement with evidence of filing; and
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(vii)
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the original UCC-3 assignment in blank.
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2.
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Recognition of the Assignee.
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3.
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Assignor’s Continuing Rights and Responsibilities.
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Flow Sale and Servicing Agreement:
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Section
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Matter
|
|
7.03 (a), (b), (c) and (h)
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(a) Repurchase; Substitution.
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11.01, 5th, 7th and 8th ¶'s
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(b) Servicer to Act as Servicer; Subservicing.
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11.13, 5th ¶' | (d) Title, Management and Disposition of REO Property. | |
11.20 | (e) Servicer Shall Provide Access and Information as Reasonably Required. | |
32 | (f) Cooperation of the Company with a Reconstitution; Regulation AB Compliance. |
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Flow Sale and Servicing Agreement:
|
Section
|
||
11.09
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(a) Transfer of Accounts.
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11.16
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(b) Statements to the Purchaser.
|
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Subsection 2.04
of Addendum I
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(c) Servicer Compliance Statement.
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Subsection 2.05
of Addendum I
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(d) Report on Assessment of Compliance and Attestation.
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4.
|
Amendment to the Flow Sale and Servicing Agreement.
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5.
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Representations and Warranties.
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6.
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Continuing Effect.
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7.
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Governing Law.
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8.
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Notices.
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9.
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Counterparts.
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10.
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Definitions.
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11.
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[Master Servicer.
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ASSIGNOR:
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REDWOOD RESIDENTIAL ACQUISITION CORPORATION
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DEPOSITOR:
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SEQUOIA RESIDENTIAL FUNDING, INC.
|
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By:
|
||
Name:
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||
Title:
|
||
ASSIGNEE:
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||
[ ]
|
||
By:
|
||
Name:
|
||
Title:
|
||
SERVICER:
|
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FIRST REPUBLIC BANK
|
||
By:
|
||
Name:
|
||
Title:
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2.
|
The definition of “Closing Date” is hereby revised to read as follows:
|
|
4.
|
The definition of “First Remittance Date” is hereby revised to read as follows:
|
|
“First Remittance Date: [__].”
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Stated Principal Balance:
|
$ | |||
Closing Date:
|
||||
Transfer Date:
|
||||
Cut-off Date:
|
||||
Purchase Price Percentage:
|
% | |||
Servicing Fee Rate:
|
% |
REDWOOD RESIDENTIAL
ACQUISITION CORPORATION as Purchaser
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FIRST REPUBLIC BANK as Seller |
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By:
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By:
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|
||
Name:
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Name: |
|
||
Its:
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Its: |
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Date:
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||
By: | ||
Name:
|
||
Title:
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Servicing Criteria
|
Applicable
Servicing
Criteria
|
|
Reference
|
Criteria
|
|
General Servicing Considerations
|
||
1122(d)(1)(i)
|
Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements.
|
x
|
1122(d)(1)(ii)
|
If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities.
|
x
|
1122(d)(1)(iii)
|
Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained.
|
|
1122(d)(1)(iv)
|
A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements.
|
x
|
Cash Collection and Administration
|
||
1122(d)(2)(i)
|
Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements.
|
x
|
1122(d)(2)(ii)
|
Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.
|
x
|
1122(d)(2)(iii)
|
Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements.
|
x
|
1122(d)(2)(iv)
|
The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.
|
x
|
Servicing Criteria
|
Applicable
Servicing
Criteria
|
|
Reference
|
Criteria
|
|
1122(d)(2)(v)
|
Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act.
|
x
|
1122(d)(2)(vi)
|
Unissued checks are safeguarded so as to prevent unauthorized access.
|
x
|
1122(d)(2)(vii)
|
Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other
number of days specified in the transaction agreements.
|
x
|
Investor Remittances and Reporting
|
||
1122(d)(3)(i)
|
Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of mortgage loans serviced by the Servicer.
|
x
|
1122(d)(3)(ii)
|
Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements.
|
x
|
1122(d)(3)(iii)
|
Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements.
|
x
|
1122(d)(3)(iv)
|
Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.
|
x
|
Pool Asset Administration
|
||
1122(d)(4)(i)
|
Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents.
|
x
|
Servicing Criteria
|
Applicable
Servicing
Criteria
|
|
Reference
|
Criteria
|
|
1122(d)(4)(ii)
|
Mortgage loan and related documents are safeguarded as required by the transaction agreements
|
x
|
1122(d)(4)(iii)
|
Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements.
|
x
|
1122(d)(4)(iv)
|
Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage loan documents.
|
x
|
1122(d)(4)(v)
|
The Servicer’s records regarding the mortgage loans agree with the Servicer’s records with respect to an obligor’s unpaid principal balance.
|
x
|
1122(d)(4)(vi)
|
Changes with respect to the terms or status of an obligor’s mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.
|
x
|
1122(d)(4)(vii)
|
Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements.
|
x
|
1122(d)(4)(viii)
|
Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment).
|
x
|
1122(d)(4)(ix)
|
Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents.
|
x
|
Servicing Criteria
|
Applicable
Servicing
Criteria
|
|
Reference
|
Criteria
|
|
1122(d)(4)(x)
|
Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the Mortgage Loans, or such other number of days specified in the transaction agreements.
|
x
|
1122(d)(4)(xi)
|
Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.
|
x
|
1122(d)(4)(xii)
|
Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission.
|
x
|
1122(d)(4)(xiii)
|
Disbursements made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the servicer, or such other number of days specified in the transaction agreements.
|
x
|
1122(d)(4)(xiv)
|
Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.
|
x
|
1122(d)(4)(xv)
|
Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements.
|
[NAME OF SUBSERVICER]
|
||
Date:
|
||
By:
|
||
Name:
|
||
Title:
|
EXHIBIT 10.5
ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT
This is an Assignment, Assumption and Recognition Agreement (the “Agreement”) made as of the 30th day of October, 2012, among Redwood Residential Acquisition Corporation, a Delaware corporation (“Assignor”), Sequoia Residential Funding, Inc., a Delaware corporation (“Depositor”), Christiana Trust, a division of Wilmington Savings Fund Society, FSB, a federal savings bank, not in its individual capacity but solely as trustee (in such capacity, the “Trustee” or the “Assignee”) under a Pooling and Servicing Agreement dated as of October 1, 2012 (the “Pooling and Servicing Agreement”), and First Republic Bank, a California-chartered bank (the “Bank”).
In consideration of the mutual promises contained herein, the parties hereto agree that the mortgage loans (the Mortgage Loans”) listed on Attachment 1 annexed hereto (the “Mortgage Loan Schedule”) now serviced by the Bank (together with its successors and assigns, the “Servicer”) for Assignor and its successors and assigns pursuant to the Flow Mortgage Loan Sale and Servicing Agreement dated as of July 1, 2010, between Assignor and the Bank (the “Sale and Servicing Agreement”) and the servicing thereof shall be subject to the terms of the Sale and Servicing Agreement as modified or supplemented by this Agreement. Unless otherwise specified herein, capitalized terms used herein but not defined shall have the meanings ascribed to them in the Sale and Servicing Agreement. Assignor will sell the Mortgage Loans to Depositor pursuant to a Mortgage Loan Purchase and Sale Agreement dated the date hereof, and Depositor will sell the Mortgage Loans to Assignee pursuant to the Pooling and Servicing Agreement.
Assignment and Assumption
1. Assignor hereby grants, transfers and assigns to Depositor all of its right, title and interest in, to and under the Sale and Servicing Agreement to the extent relating to the Mortgage Loans, together with its obligations as “Purchaser” to the extent relating to the Mortgage Loans, and Depositor hereby accepts such assignment from Assignor and assumes such obligations.
2. Depositor hereby grants, transfers and assigns to Assignee all of its right, title and interest in, to and under the Sale and Servicing Agreement to the extent relating to the Mortgage Loans, together with its obligations as “Purchaser” to the extent relating to the Mortgage Loans, Depositor is released from all obligations under the Sale and Servicing Agreement, and Assignee hereby accepts such assignment from Depositor and assumes such obligations.
3. Assignee agrees to be bound, as “Purchaser,” by all of the terms, covenants and conditions of the Sale and Servicing Agreement relating to the Mortgage Loans, and from and after the date hereof, Assignee assumes for the benefit of each of Assignor, Depositor and the Bank all of Assignor's obligations as Purchaser thereunder in respect of the Mortgage Loans, and Assignor is released from such obligations.
4. The Bank hereby acknowledges the foregoing assignments and assumptions and agrees that Assignee shall be the “Purchaser” under the Sale and Servicing Agreement with respect to the Mortgage Loans.
Representations and Warranties
5. Assignor warrants and represents to, and covenants with, Depositor, Assignee and the Bank as of the date hereof that:
(a) Attached hereto as Attachment 2 is a true and accurate copy of the Sale and Servicing Agreement, which agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder;
(b) Assignor is the lawful owner of its interests, rights and obligations under the Sale and Servicing Agreement to the extent of the Mortgage Loans, free and clear from any and all claims and encumbrances whatsoever, and upon the transfer of such interests, rights and obligations to Assignee as contemplated herein, Assignee shall have good title to all of Assignee's interests, rights and obligations under the Sale and Servicing Agreement to the extent of the Mortgage Loans, free and clear of all liens, claims and encumbrances;
(c) There are no offsets, counterclaims or other defenses available to the Bank with respect to the Sale and Servicing Agreement;
(d) Assignor is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has all requisite power and authority to enter into and perform its obligations under the Sale and Servicing Agreement;
(e) Assignor has full corporate power and authority to execute, deliver and perform its obligations under this Agreement, and to consummate the transactions set forth herein. The consummation of the transactions contemplated by this Agreement is in the ordinary course of Assignor’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of Assignor’s charter or by-laws or any legal restriction, or any material agreement or instrument to which Assignor is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which Assignor or its property is subject. The execution, delivery and performance by Assignor of this Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on the part of Assignor. This Agreement has been duly executed and delivered by Assignor and, upon the due authorization, execution and delivery by the other parties hereto, will constitute the valid and legally binding obligation of Assignor enforceable against Assignor in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law; and
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(f) No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by Assignor in connection with the execution, delivery or performance by Assignor of this Agreement, or the consummation by it of the transactions contemplated hereby.
6. Depositor warrants and represents to, and covenants with, Assignor, Assignee and the Bank that as of the date hereof:
(a) Depositor is a Delaware corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation;
(b) Depositor has full corporate power and authority to execute, deliver and perform its obligations under this Agreement, and to consummate the transactions set forth herein. The consummation of the transactions contemplated by this Agreement is in the ordinary course of Depositor’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of Depositor’s charter or by-laws or any legal restriction, or any material agreement or instrument to which Depositor is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which Depositor or its property is subject. The execution, delivery and performance by Depositor of this Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on part of Depositor. This Agreement has been duly executed and delivered by Depositor and, upon the due authorization, execution and delivery by the other parties hereto, will constitute the valid and legally binding obligation of Depositor enforceable against Depositor in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law; and
(c) No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by Depositor in connection with the execution, delivery or performance by Depositor of this Agreement, or the consummation by it of the transactions contemplated hereby other than any that have been obtained or made.
7. Assignee warrants and represents to, and covenants with, Assignor, Depositor and the Bank that as of the date hereof:
(a) Assignee is a federal savings bank duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization; and
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(b) Assignee has been directed to enter into this Agreement pursuant to the provisions of the Pooling and Servicing Agreement. The execution, delivery and performance by Assignee of this Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary action on part of Assignee. This Agreement has been duly executed and delivered by Assignee and, upon the due authorization, execution and delivery by the other parties hereto, will constitute the valid and legally binding obligation of Assignee enforceable against Assignee in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law.
8. The Bank warrants and represents to, and covenants with, Assignor, Depositor and Assignee as of the date hereof that:
(a) Attached hereto as Attachment 2 is a true and accurate copy of the Sale and Servicing Agreement, which agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder;
(b) The Bank is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has all requisite power and authority to service the Mortgage Loans pursuant to and otherwise to perform its obligations under the Sale and Servicing Agreement;
(c) The Bank has full corporate power and authority to execute, deliver and perform its obligations under this Agreement, and to consummate the transactions set forth herein. The consummation of the transactions contemplated by this Agreement is in the ordinary course of the Bank’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of the Bank’s charter or by-laws or any legal restriction, or any material agreement or instrument to which the Bank is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which the Bank or its property is subject. The execution, delivery and performance by the Bank of this Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on part of the Bank. This Agreement has been duly executed and delivered by the Bank and, upon the due authorization, execution and delivery by Assignor, Assignee and the Depositor, will constitute the valid and legally binding obligation of the Bank enforceable against the Bank in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law; and
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(d) No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by the Bank in connection with the execution, delivery or performance by the Bank of this Agreement, or the consummation by it of the transactions contemplated hereby.
Restated Bank Representations and Warranties
9. The Bank hereby restates to Depositor and Assignee (a) the representations and warranties set forth in Subsection 7.01 of the Sale and Servicing Agreement with respect to each Mortgage Loan as of the related Closing Date (as such term is defined in the Sale and Servicing Agreement) and (b) the representations and warranties set forth in Subsection 7.02 of the Sale and Servicing Agreement as of the date hereof, with respect to each Mortgage Loan, in each case as if such representations and warranties were set forth herein in full.
In the event of a breach of any representations and warranties referred to in clauses (a) or (b) above as of the date specified, Assignee shall be entitled to all the remedies under the Sale and Servicing Agreement, subject to the rights of the Controlling Holder pursuant to Section 13.
Repurchase by Assignor Upon Certain Breaches of Representations and Warranties
10. (a) Assignor hereby covenants and agrees that, if a breach of any representation and warranty set forth in Subsection 7.01 of the Sale and Servicing Agreement exists on the date hereof that materially and adversely affects the value of any Mortgage Loan or the interest of Assignee in any Mortgage Loan and such breach did not exist as of the Closing Date of that Mortgage Loan, Assignor shall have a period of 60 days from the earlier of either discovery by or receipt of written notice from Assignee to Assignor of such breach within which to correct or cure such breach. Each determination as to whether there has been such a breach shall be conducted on a Mortgage Loan-by-Mortgage Loan basis. A breach of representations and warranties in Subsections 7.01(h), (bb), and (vv) of the Sale and Servicing Agreement shall be deemed to materially and adversely affect the value of the related Mortgage Loan or the interest of the Assignee therein. Assignor hereby covenants and agrees that if any breach cannot be corrected or cured within such 60 day period, then Assignor shall, at its option, (i) substitute a mortgage loan for the defective Mortgage Loan in accordance with the Sale and Servicing Agreement, (ii) repurchase the related Mortgage Loan at the Repurchase Price or (iii) except for a breach of a representation and warranty in Subsection 7.01(bb) of the Sale and Servicing Agreement, make an indemnification payment in an amount equal to the reduction in value of such Mortgage Loan as a result of such breach not later than 90 days after its discovery or receipt of notice of such breach and in the case of clauses (ii) and (iii) above, by wire transfer of immediately available funds to such account as Assignee shall specify to Assignor.
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(b) Assignor and Assignee agree that the resolution of any controversy or claim arising out of or relating to an obligation or alleged obligation of Assignor to repurchase a Mortgage Loan or Mortgage Loans pursuant to Section 10(a) above shall be by Arbitration administered by the American Arbitration Association. If any such controversy or claim has not been resolved to the satisfaction of both Assignor and Assignee, either party may commence Arbitration to resolve the dispute; provided that a party may commence Arbitration with respect to one or more unresolved allegations only during the months of January, April, July and October, and all matters with respect to which Arbitration has been commenced in any such month shall be heard in a single Arbitration in the immediately following month or as soon as practicable thereafter; and provided further that if any Arbitration arising out of or relating to an obligation or alleged obligation of the Bank to repurchase a Mortgage Loan relating to the same representation and warranty, has commenced and is continuing, then such Arbitration shall be joined with the Arbitration commenced hereunder.
(c) To commence Arbitration, the moving party shall deliver written notice to the other party that it has elected to pursue Arbitration in accordance with this Section 10, provided that if Assignor has not responded to Assignee's notification of a breach of a representation and warranty, Assignee shall not commence Arbitration with respect to that breach before 60 days following such notification in order to provide Assignor with an opportunity to respond to such notification. Within ten Business Days after a party has provided notice that it has elected to pursue Arbitration, each party may submit the names of one or more proposed Arbitrators to the other party in writing. If the parties have not agreed on the selection of an Arbitrator within five Business Days after the first such submission, then the party commencing Arbitration shall, within the next five Business Days, notify the American Arbitration Association in San Francisco, California and request that it appoint a single Arbitrator with experience in arbitrating disputes arising in the financial services industry.
(d) It is the intention of the parties that Arbitration shall be conducted in as efficient and cost-effective a manner as is reasonably practicable, without the burden of discovery. Accordingly, the Arbitrator will resolve the dispute on the basis of a review of the written correspondence between the parties (including any supporting materials attached to such correspondence) conveyed by the parties to each other in connection with the dispute prior to the delivery of notice to commence Arbitration; however, upon a showing of good cause, a party may request the Arbitrator to direct the production of such additional information, evidence and/or documentation from the parties that the Arbitrator deems appropriate. If requested by the Arbitrator or any party, any hearing with respect to an Arbitration shall be conducted by video conference or teleconference except upon the agreement of both parties or the request of the Arbitrator.
(e) The finding of the Arbitrator shall be final and binding upon the parties. Judgment upon any arbitration award rendered may be entered and enforced in any court of competent jurisdiction. The costs of the Arbitrator shall be shared equally between both parties. Each party, however, shall bear its own attorneys fees and costs in connection with the Arbitration.
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Recognition of Assignee
11. (a) From and after the date hereof, subject to Sections 13 and 14 below, the Bank shall recognize Assignee as owner of the Mortgage Loans and will service the Mortgage Loans and perform its obligations hereunder for the benefit of the Assignee in accordance with the Sale and Servicing Agreement, as modified hereby or as may be amended from time to time, as if Assignee and the Bank had entered into a separate servicing agreement for the purchase and servicing of the Mortgage Loans, the terms of which are incorporated herein by reference, as amended by this Agreement.
(b) It is the intention of Assignor, Depositor, the Bank and Assignee that this Agreement, which includes the Sale and Servicing Agreement, shall constitute a separate and distinct servicing agreement, and the entire servicing agreement, between the Bank and Assignee to the extent of the Mortgage Loans and shall be binding upon and for the benefit of the respective successors and assigns of the parties hereto.
12. The Mortgage Loans shall be serviced by the Bank for Assignee in accordance with all applicable state, federal and local laws as well as in conformity with the provisions of the applicable Mortgages and Mortgage Notes, and pursuant to the terms and conditions of this Agreement.
Continuing Rights and Responsibilities
13. (a) Controlling Holder Rights. The Bank agrees and acknowledges that Sequoia Mortgage Funding Corporation, an Affiliate of the Depositor, in its capacity as the initial Controlling Holder pursuant to the Pooling and Servicing Agreement, and for so long as it is the Controlling Holder, will assume all of Assignee's rights and all related responsibilities as Purchaser under each of the following sections of the Sale and Servicing Agreement:
Sale and Servicing Agreement:
Section or Subsection | Matter | |
7.03, other than 7.03(c) | Repurchase and Substitution | |
11.20 | Seller and Servicer Shall Provide Access and Information as Reasonably Required |
(b) Notwithstanding Sections 1 and 2 above, Assignor reserves its rights under, and does not assign to Assignee or Depositor, the ongoing rights to take action and the responsibilities of the Purchaser under the sections of the Sale and Servicing Agreement listed below:
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Sale and Servicing Agreement:
Subsection | Matter | |
7.05 | Purchase Price Protection | |
Addendum I | Regulation AB Compliance Addendum |
(c) In addition, the Bank agrees to furnish to Assignor and to Wells Fargo Bank, N.A., as master servicer or securities administrator under the Pooling and Servicing Agreement (the “Master Servicer”), copies of reports, notices, statements and other communications required to be delivered to the Purchaser by the Bank pursuant to any of the sections of the Sale and Servicing Agreement referred to above and under the following sections, at the times therein specified:
Sale and Servicing Agreement:
Subsection | ||
11.09 | Transfer of Accounts | |
11.16 | Statements to the Purchaser | |
Subsection 2.04 of Addendum I | Servicer Compliance Statement | |
Subsection 2.05 of Addendum I | Report on Assessment of Compliance and Attestation |
(d) If there is no Controlling Holder under the Pooling and Servicing Agreement, then all rights and responsibilities assumed by the Controlling Holder pursuant to Section 13(a) shall terminate and revert to Assignee. Assignor will provide thirty (30) days notice to the Bank of any such termination of which Assignor has knowledge. Upon the first exercise of an enforcement of any rights pursuant to Section 13(a), Assignee shall notify (or cause the Master Servicer to notify) the Bank that there is no longer a Controlling Holder.
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Amendments to Sale and Servicing Agreement
14. The parties agree that the Sale and Servicing Agreement shall be amended, solely with respect to the Mortgage Loans, as follows:
(a) Definitions.
(i) The definitions of “Arbitration,” “Business Day,” “Opinion of Counsel,” “Repurchase Price” and “Servicing Fee Rate” set forth in Section 1 of the Sale and Servicing Agreement shall be deleted and replaced in their entirety as follows, and the following definitions of “Affiliate,” “Clean-up Call,” “Controlling Holder,” “Eligible Account,” “Eligible Investment,” “Principal Forbearance Amount,” “Securities Administrator” and “Servicing Modification” shall be added to Section 1 of the Sale and Servicing Agreement:
Affiliate: With respect to any specified Person, another Person controlling or controlled by or under common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.
Arbitration: Arbitration in accordance with the then governing Commercial Arbitration Rules of the American Arbitration Association and administered by the American Arbitration Association, which shall be conducted in San Francisco, California or other place mutually acceptable to the parties to the arbitration.
Business Day: Any day other than (i) a Saturday or a Sunday, (ii) a legal holiday in the states of California, Delaware, Maryland, Minnesota, Missouri or New York, (iii) a day on which banks in the states of California, Delaware, Maryland, Minnesota, Missouri or New York, are authorized or obligated by law or executive order to be closed or (iv) a day on which the New York Stock Exchange or the Federal Reserve Bank of New York is closed.
Clean-up Call: The optional purchase of the mortgage loans subject to the Pooling and Servicing Agreement and all property acquired in respect of any such mortgage loan remaining in the trust fund created pursuant to the Pooling and Servicing Agreement on any date on which the aggregate stated principal balance is less than 10% of the aggregate stated principal balance as of October 1, 2012, in accordance with the Pooling and Servicing Agreement.
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Controlling Holder: At any time, the holder of the majority of the class principal amount of the most subordinate class of certificates issued pursuant to the Pooling and Servicing Agreement or, if the class principal amount of the most subordinate class of certificates issued pursuant to the Pooling and Servicing Agreement is zero, the holder of the majority of the class principal amount of the second most subordinate class of certificates issued pursuant to the Pooling and Servicing Agreement. If the class principal amount of the second most subordinate class of certificates issued pursuant to the Pooling and Servicing Agreement is zero, then no entity will have any rights as a Controlling Holder.
Eligible Account: Any account or accounts maintained with a federal or state chartered depository institution or trust company the debt obligations of which (or, in the case of a depository institution or trust company that is the principal subsidiary of a holding company, the debt obligations of such holding company) satisfy each of the following criteria: (1) the short-term unsecured debt obligations of such entity are rated in the highest rating category of Fitch, Inc. (“Fitch”) and Moody’s Investors Service, Inc. (“Moody’s”) and the long-term unsecured debt obligations of such entity are rated in one of the two highest rating categories of Fitch and Moody’s and (2) if the unsecured debt obligations of such entity are rated by Kroll Bond Rating Agency, Inc. (“KBRA”), then the short-term unsecured debt obligations of such entity are rated in the highest rating category of KBRA and the long-term unsecured debt obligations of such entity are rated in one of the three highest rating categories of KBRA. If the ratings no longer satisfy each of these criteria, the funds on deposit therewith in connection with this transaction shall be transferred to an Eligible Account within 30 days of such downgrade. Eligible Accounts may bear interest.
Eligible Investments: At any time, any one or more of the following obligations and securities:
(i) direct obligations of, and obligations fully guaranteed by the United States of America or any agency or instrumentality of the United States of America the obligations of which are backed by the full faith and credit of the United States of America;
(ii) (a) demand or time deposits, federal funds or bankers’ acceptances issued by any depository institution or trust company incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by federal and/or state banking authorities, provided that the commercial paper and/or the short-term deposit rating and/or the long-term unsecured debt obligations or deposits of such depository institution or trust company at the time of such investment or contractual commitment providing for such investment are rated in the highest rating category by the Rating Agency for long-term unsecured debt with a maturity of more than one year or in the highest rating category with respect to short-term obligations and (b) any other demand or time deposit or certificate of deposit that is fully insured by the FDIC;
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(iii) repurchase obligations with a term not to exceed thirty (30) days and with respect to any security described in clause (i) above and entered into with a depository institution or trust company (acting as principal) described in clause (ii)(a) above;
(iv) securities bearing interest or sold at a discount issued by any corporation incorporated under the laws of the United States of America or any state thereof that are rated in the highest rating category by the Rating Agency for long-term unsecured debt with a maturity of more than one year or in the highest rating category with respect to short-term obligations, in each case at the time of such investment or contractual commitment providing for such investment; provided, however, that securities issued by any particular corporation will not be Eligible Investments to the extent that investments therein will cause the then outstanding principal amount of securities issued by such corporation and held as Eligible Investments to exceed 10% of the aggregate outstanding principal balances of all of the Mortgage Loans and Eligible Investments;
(v) commercial paper (including both non-interest-bearing discount obligations and interest-bearing obligations payable on demand or on a specified date not more than one year after the date of issuance thereof) that is rated in the highest rating category by the Rating Agency at the time of such investment; and
(vi) any money market funds rated in one of the two highest rating categories by the Rating Agency for long-term unsecured debt with a maturity of more than one year or in the highest rating category with respect to short-term obligations;
provided, however, that no instrument or security shall be an Eligible Investment if such instrument or security evidences a right to receive only interest payments with respect to the obligations underlying such instrument or if such security provides for payment of both principal and interest with a yield to maturity in excess of 120% of the yield to maturity at par or if such instrument or security is purchased at a price greater than par.
Opinion of Counsel: A written opinion of counsel, who may be salaried counsel for the Person on behalf of whom the opinion is being given, reasonably acceptable to each Person to whom such opinion is addressed, and which must be Independent outside counsel with respect to any such opinion of counsel concerning the taxation or the federal income tax status of each REMIC.
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Principal Forbearance Amount: With respect to a Mortgage Loan that was the subject of a Servicing Modification, the amount, if any, of principal of the Mortgage Loan that has been deferred and that does not accrue interest.
Repurchase Price: With respect to any Mortgage Loan, a price equal to (i) the unpaid principal balance of the Mortgage Loan, plus (ii) interest on such unpaid principal balance at the related Mortgage Loan Remittance Rate from the last date through which interest was last paid by or on behalf of the Mortgagor to the last day of the month in which such repurchase occurs, plus (iii) reasonable and customary third party expenses incurred in connection with the transfer of the Mortgage Loan being repurchased, minus (iv) any amounts received in respect of such repurchased Mortgage Loan and being held in the Custodial Account for future distribution in connection with such Mortgage Loan; which Repurchase Price proceeds shall be deposited in the Custodial Account for withdrawal by the Servicer in accordance with Subsection 11.05; provided, however, that if at the time of repurchase the Servicer is not the Seller or an Affiliate of the Seller, the amount described in clause (ii) shall be computed as the sum of (a) the Mortgage Loan Remittance Rate and (b) the Servicing Fee Rate.
Servicing Fee Rate: With respect to each Mortgage Loan, the per annum rate set forth on the related Mortgage Loan Schedule or if not specified thereon, in the related PPTL, which rate shall be increased by the amount of any increase in the Mortgage Interest Rate for any such Mortgage Loan pursuant to the terms of the related Mortgage Note due to the termination of an automatic debit or direct deposit account.
Securities Administrator: Wells Fargo Bank, N.A., not in its individual capacity but solely as Securities Administrator under the Pooling and Servicing Agreement, or any successor in interest, or if any successor Securities Administrator shall be appointed as provided in the Pooling and Servicing Agreement, then such successor Securities Administrator.
Servicing Modification: Any reduction of the Mortgage Interest Rate on or the outstanding principal balance of a Mortgage Loan, any extension of the final maturity date of a Mortgage Loan, any increase to the outstanding principal balance of a Mortgage Loan by adding to the Stated Principal Balance unpaid principal and interest and other amounts owing under the Mortgage Loan, any Principal Forbearance Amount and any other modification, in each case pursuant to a modification of a Mortgage Loan that is in default or for which, in the judgment of the Servicer, default is reasonably foreseeable in accordance with the Sale and Servicing Agreement.
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(b) Servicing Standard. In servicing the Mortgage Loans in accordance with this Agreement and Customary Servicing Procedures, the Servicer shall service the Mortgage Loans with a view to the best interests of all holders of the Sequoia Mortgage Trust 2012-5 Mortgage Pass-Through Certificates as a single class.
(c) Segregated Custodial Account. The Servicer shall establish a Custodial Account pursuant to Subsection 11.04 of the Sale and Servicing Agreement which shall be titled “First Republic Bank, in trust for Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee of the Sequoia Mortgage Trust 2012-5” (the “2012-5 Custodial Account”), which shall be the Custodial Account under this Agreement for all purposes. If the 2012-5 Custodial Account is no longer an Eligible Account, the Servicer shall transfer the 2012-5 Custodial Account to an account that is an Eligible Account. The 2012-5 Custodial Account shall qualify as an Eligible Account.
(d) Determination of Breach of Representations and Warranties. The following sentence shall be added as the new third sentence of Subsection 7.03(a):
Each determination as to whether there has been such a breach shall be conducted on a Mortgage Loan-by-Mortgage Loan basis.
(e) Helping Families Act Notice. The following sentence shall be added at the end of Subsection 6.04:
In connection with any Mortgage Loan (i) repurchased by First Republic Bank from the trust created by the Pooling and Servicing Agreement (the “Trust”) or (ii) purchased in the exercise of a Clean-up Call, First Republic Bank shall furnish to the related borrower, within thirty (30) days following the date of such repurchase, the notice required by, and in accordance with, Section 404 of the Helping Families Act.
(f) Transfer of Eligible Investments. The following sentences shall be added at the end of the last paragraph of Subsection 11.04:
Notwithstanding anything to the contrary in this Agreement, for all Eligible Investments rated at least "F1/A+"(short/long) that have terms greater than 60 days, in the event of a downgrade of such Eligible Investment below "F1" (or "A+" if no short term rating) Servicer agrees to remove such Eligible Investment within 60 days of such downgrade. Servicer acknowledges and agrees that Servicer shall bear any losses incurred with respect to removal of such Eligible Investment following such a downgrade and that any losses shall be immediately deposited by the Servicer in the 2012-5 Custodial Account, as appropriate, out of the Servicer’s own funds, with no right to reimbursement therefor. |
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(g) Transfer of Accounts. The second sentence of Subsection 11.09 shall be deleted and replaced in its entirety as follows:
Pursuant to Subsections 11.04 and 11.06, such transfer shall be made only with the Purchaser’s approval, which shall not unreasonably be withheld.
(h) Form of Monthly Report. The Servicer shall provide monthly accounting reports to the Purchaser and Master Servicer, pursuant to Subsection 11.16 of the Sale and Servicing Agreement, with the information required by the monthly reporting format of the Master Servicer as previously provided to the Servicer by Assignor. Such reports shall be provided not later than the fifth (5th) Business Day of each calendar month.
(i) Shorter Cure Period for Failure to Provide Distribution Data. An additional “Event of Default” shall be listed in Subsection 13.01, to be inserted after clause (h), to read in its entirety as follows:
or (i) Servicer shall fail to provide to Purchaser the data required to be provided pursuant to the first paragraph of Subsection 11.16 and such failure shall continue for three Business Days after notice of such failure has been given to Servicer by Purchaser;
(j) Clean-up Call. A new Section 33 shall be added to the Sale and Servicing Agreement, to read in its entirety as follows:
SECTION 33. Clean-up Call. In the event a Clean-up Call is exercised, the purchaser of the remaining Mortgage Loans (a) shall have all right, title and interest in, to and under the Sale and Servicing Agreement to the extent relating to such Mortgage Loans and (b) shall be bound as “Purchaser” under the Sale and Servicing Agreement from and after the date it exercises the Clean-up Call. The remaining Mortgage Loans shall be serviced by the Bank for such purchaser in accordance with the terms and conditions of the Sale and Servicing Agreement.
(k) REMIC Provisions.
(i) The following definition of “REMIC Provisions” is hereby added to Section 1 of the Sale and Servicing Agreement:
REMIC Provisions: Sections 860A through 860G of the Internal Revenue Code; such other provisions of the Code as relate to an entity created thereunder; the regulations promulgated pursuant such sections and provisions of the Code; and published guidance issued by the Internal Revenue Service relating to such Code sections and regulations.
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(ii) The following paragraph shall be added to the end of Subsection 11.13, to read in its entirety as follows:
If a Mortgage Loan is held by a REMIC, the Servicer shall not acquire any real property (or personal property incident to such real property) in respect of such Mortgage Loan except in connection with a default or imminent default of such Mortgage Loan. In the event that a REMIC acquires any real property (or personal property incident to such real property) in connection with a default or imminent default of a Mortgage Loan, such property shall be disposed of by the Servicer as soon as practicable in a manner that, consistent with prudent mortgage loan servicing practices, maximizes the net present value of the recovery to the Trust, but in any event within three years after its acquisition by such REMIC unless the Servicer provides to the Purchaser and the Securities Administrator an Opinion of Counsel to the effect that the holding by such REMIC of such Mortgaged Property subsequent to three years after its acquisition will not result in the imposition of taxes on “prohibited transactions” on such REMIC as defined in Section 860F of the Code or under the law of any state in which real property securing a Mortgage Loan owned by such REMIC is located or cause such REMIC to fail to qualify as a REMIC for federal income tax purposes or for state tax purposes under the laws of any state in which real property securing a Mortgage Loan owned by such REMIC is located at any time that any mortgage pass-through certificates representing interests in such REMIC are outstanding. The Servicer shall conserve, protect and operate each such property for such REMIC solely for the purpose of its prompt disposition and sale in a manner which does not cause such property to fail to qualify as “foreclosure property” within the meaning of Section 860G(a)(8) or result in the receipt by such REMIC of any “income from non-permitted assets” within the meaning of Section 860F(a)(2)(B) of the Code or any “net income from foreclosure property” which is subject to taxation under the REMIC Provisions. Pursuant to its efforts to sell such property, the Servicer shall either itself or through an agent selected by the Servicer protect and conserve such property in the same manner and to such extent as is customary in the locality where such property is located and may, incident to its conservation and protection of the assets of the Trust, rent the same, or any part thereof, as the Servicer deems to be in the best interest of the Trust for the period prior to the sale of such property. Additionally, the Servicer shall perform the tax withholding and shall file information returns with respect to the receipt of mortgage interests received in a trade or business, the reports of foreclosures and abandonments of any Mortgaged Property and the information returns relating to cancellation of indebtedness income with respect to any Mortgaged Property required by Sections 6050H, 6050J and 6050P, respectively, of the Code, and deliver to the Purchaser and the Securities Administrator an Officers’ Certificate on or before March 31 of each year stating that such reports have been filed. Such reports shall be in form and substance sufficient to meet the reporting requirements imposed by Sections 6050H, 6050J and 6050P of the Code.
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(iii) The following additional provisions shall be added after Subsection 11.23, to read in its entirety as follows:
Subsection 11.24 Compliance with REMIC Provisions. If a REMIC election has been made with respect to the arrangement under which the Mortgage Loans and REO Property are held, the Servicer shall not take any action, cause the REMIC to take any action or fail to take (or fail to cause to be taken) any action that, under the REMIC Provisions, if taken or not taken, as the case may be, could (i) endanger the status of the REMIC as a REMIC or (ii) 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 and the tax on “contribution” to a REMIC set forth in Section 860G(d) of the Code unless the Servicer has received an Opinion of Counsel (at the expense of the party seeking to take such actions) to the effect that the contemplated action will not endanger such REMIC status or result in the imposition of any such tax.
(l) Avoidance of Consolidation.
(i) The following Subsection 7.06 shall be added at the end of Section 7, to read in its entirety as follows:
Subsection 7.06 Avoidance of Consolidation.
(a) The Servicer covenants and agrees that it shall not hold or purchase any certificate (a “Certificate”) issued by the Trust, if its holding or purchase of such Certificate (or interest therein) would cause the Servicer to be required to consolidate any assets of the Trust on its financial statements under U.S. generally accepted accounting principles (“Consolidate” or “Consolidation”). The Servicer shall be deemed to have represented by virtue of its purchase or holding of such Certificate (or interest therein) that its holding or purchase of such Certificate (or interest therein) will not cause the Servicer to be required to Consolidate any assets of the Trust on its financial statements. |
16 |
If the Servicer's holding or purchase of a Certificate (or interest therein) does in fact cause such Consolidation, then the last preceding transferee that is not required to Consolidate shall be restored, to the extent permitted by law, to all rights and obligations as owner of such Certificate retroactive to the date of such transfer of such Certificate. If the Servicer holds or purchases a Certificate (or interest therein) in violation of the restrictions in this Subsection 7.06 and to the extent that the retroactive restoration of the rights of the owner of such Certificate as described in the immediately preceding sentence shall be invalid, illegal or unenforceable, then the Securities Administrator shall have the right, without notice to the owner or any prior owner of such Certificate, to sell such Certificate to a purchaser selected by the Securities Administrator on such terms as the Securities Administrator may choose. The Servicer shall promptly endorse and deliver such Certificate (or otherwise transfer a book-entry Certificate) in accordance with the instructions of the Securities Administrator. The proceeds of such sale, net of the commissions (which may include commissions payable to the Securities Administrator or its Affiliates), expenses and taxes due, if any, shall be remitted by the Securities Administrator to the Servicer. The terms and conditions of any sale under this Subsection 7.06 shall be determined in the sole discretion of the Securities Administrator, and the Securities Administrator shall not be liable to any owner of a Certificate as a result of its exercise of such discretion. The Servicer shall indemnify and hold harmless the Depositor and the Trust from and against any and all losses, liabilities, claims, costs or expenses incurred by such parties as a result of such holding or purchase resulting in a Consolidation. |
(b) The Servicer covenants and agrees that it shall not transfer its servicing rights and duties under this Agreement and the Sale and Servicing Agreement to an insured depository institution, as such term is defined in the Federal Deposit Insurance Act (an “IDI”) (an IDI in such capacity, an “IDI Servicer Transferee”) unless the Purchaser and the Servicer shall have received a representation from the IDI Servicer Transferee that the acquisition of such servicing rights and duties will not cause the IDI Servicer Transferee to be required to Consolidate any assets of the Trust on its financial statements. Any IDI Servicer Transferee shall be deemed to have represented by virtue of its acquisition of such servicing rights and duties that such acquisition will not cause Consolidation. Any IDI Servicer Transferee who acquires such servicing rights and duties without providing the representation described above or whose acquisition of such servicing rights and duties has required it to Consolidate any assets of the Trust on its financial statements shall indemnify and hold harmless the Servicer, the Depositor and the Trust from and against any and all losses, liabilities, claims, costs or expenses incurred by such parties as a result of such acquisition.
(ii) An additional “Event of Default” shall be listed in Subsection 13.01, to be inserted after clause (i) added in Section 14(h) of this Agreement above, to read in its entirety as follows: |
or (j)(A) the purchase or holding by the Servicer of any Certificate such that the Servicer is required to Consolidate any assets of the Trust on its financial statements, provided that such purchase or holding of a Certificate shall not constitute an Event of Default if, within 45 days of (1) the date of such purchase or acquisition or (2) if such requirement to Consolidate is not effective on the date of such purchase or acquisition, the date the Servicer becomes aware of such requirement to Consolidate, the Servicer causes such requirement to Consolidate not to apply; or (B) the failure of the Servicer to obtain from an IDI Servicer Transferee the representation described in Section 7.06(b) prior to the transfer to such IDI Servicer Transferee of any servicing rights or duties. |
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(m) Foreclosure Proceedings. The first sentence of Subsection 11.13 is hereby deleted and replaced in its entirety with the following:
Subject to Subsection 11.02, in the event that title to the Mortgaged Property is acquired in foreclosure or by deed in lieu of foreclosure, the deed or certificate of sale shall be taken in the name of the Trust, where permitted by applicable law or regulation, and where not so permitted, in the name of the trustee of the Trust or its nominee.
(n) Modification Payment Plans and Foreclosure Approvals.
(i) The first sentence of the fifth paragraph of Subsection 11.01 is hereby deleted and replaced in its entirety with the following:
Consistent with the terms of this Agreement, and subject to the REMIC Provisions if the Mortgage Loans have been transferred to a REMIC, the Servicer may waive, modify or vary any term of any Mortgage Loan or consent to the postponement of strict compliance with any such term or in any manner grant indulgence to any Mortgagor; provided, however, that the Servicer shall not enter into any payment plan or agreement to modify payments with a Mortgagor lasting more than twelve (12) months or permit any modification with respect to any Mortgage Loan that would change the Mortgage Interest Rate, the Lifetime Rate Cap (if applicable), the Initial Rate Cap (if applicable), the Periodic Rate Cap (if applicable) or the Gross Margin (if applicable), agree to the capitalization of arrearages, including interest, fees or expenses owed under the Mortgage Loan, make any future advances or extend the final maturity date with respect to such Mortgage Loan (provided that the Servicer shall in no event extend the final maturity date past November 25, 2042 or, if such 25th day is not a Business Day, the next succeeding Business Day), or accept substitute or additional collateral or release any collateral for such Mortgage Loan, unless (1) the Mortgagor is in default with respect to the Mortgage Loan, or such default is, in the judgment of the Servicer, imminent, (2) the modification is in accordance with the customary procedures of the Servicer, which may change from time to time, or industry-accepted programs, and (3) the Purchaser has approved such action.
(ii) The third sentence of the last paragraph of Subsection 11.01 is hereby deleted and replaced in its entirety with the following:
In the event (a) the environmental inspection report indicates that the Mortgaged Property is contaminated by hazardous or toxic substances or wastes and (b) the Purchaser provides written approval for the Servicer to proceed with foreclosure or acceptance of a deed in lieu of foreclosure, the Servicer shall be reimbursed for all reasonable costs associated with such foreclosure or acceptance of a deed in lieu of foreclosure and any related environmental clean up costs, as applicable, from the related Liquidation Proceeds, or if the Liquidation Proceeds are insufficient fully to reimburse the Servicer, the Servicer shall be entitled to be reimbursed from amounts in the Custodial Account pursuant to Subsection 11.05 hereof.
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(o) Servicer Reports. The Servicer shall provide monthly reports to the Purchaser pursuant to Subsection 11.16 of the Sale and Servicing Agreement in the formats attached hereto as Exhibits 10 and 11, or in such other format as the Servicer, the Purchaser and the Depositor shall agree in writing.
(p) Assumption Agreements. The first sentence of Subsection 11.18 is hereby deleted and replaced in its entirety with the following:
The Servicer will use its best efforts to enforce any “due-on-sale” provision contained in any Mortgage or Mortgage Note; provided that, subject to the Purchaser’s prior approval for the release of liability from the original borrower, the Servicer shall permit such assumption if so required in accordance with the terms of the Mortgage or the Mortgage Note.
(q) Indemnification Expenses. The first sentence of Subsection 12.01(b) is hereby deleted and replaced in its entirety with the following:
The Servicer shall immediately notify the Purchaser if a claim is made by a third party with respect to this Agreement or the Mortgage Loans, and the Servicer shall assume the defense of any such claim and pay all expenses in connection therewith, including counsel fees.
(r) Broker’s Price Opinion. If, in accordance with the Pooling and Servicing Agreement, the Trustee has received notice that any governmental entity intends to acquire a Mortgage Loan through the exercise of its power of eminent domain, and if there is no longer a Controlling Holder, the Servicer, promptly upon the request and at the expense of the Trustee, shall obtain a valuation on the related Mortgaged Property in the form of a broker’s price opinion, and provide the results of such valuation to the Trustee.
(s) The rights under the Sale and Servicing Agreement assigned to the Depositor and the Assignee pursuant to this Agreement shall be under the Sale and Servicing Agreement as amended by this Agreement.
Miscellaneous
15. All demands, notices and communications related to the Mortgage Loans, the Sale and Servicing Agreement and this Agreement shall be in writing and shall be deemed to have been duly given if personally delivered at or mailed by registered mail, postage prepaid, as follows:
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(a) In the case of the Bank,
First Republic Bank
111 Pine Street
San Francisco, CA 94111
Attention: Tony Sachs
with a copy to the General Counsel at the same address
(b) In the case of Assignee,
Christiana Trust, a division of Wilmington Savings Fund Society, FSB
500 Delaware Avenue, 11th Floor
Wilmington, Delaware, 19801
Attention: Corporate Trust – Sequoia Mortgage Trust 2012-5
(c) In the case of Depositor,
Sequoia Residential Funding, Inc.
One Belvedere Place, Suite 360
Mill Valley, California 94941
Attention: William Moliski
with a copy to
General Counsel at the same address
(d) In the case of Assignor,
Redwood Residential Acquisition Corporation
One Belvedere Place, Suite 360
Mill Valley, California 94941
Attention: William Moliski
with a copy to
General Counsel at the same address
(e) In the case of Master Servicer,
Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, Maryland 21045
Telephone number: (410) 884-2000
Facsimile number: (410) 715-2380
Attention: Client Manager — Sequoia Mortgage Trust 2012-5
20 |
(f) In the case of the initial Controlling Holder,
Sequoia Mortgage Funding Corporation
One Belvedere Place, Suite 360
Mill Valley, California 94941
Attention: William Moliski
with a copy to
General Counsel at the same address
16. This Agreement shall be construed in accordance with the laws of the State of New York, except to the extent preempted by Federal law, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws, without regard to the conflicts of laws provisions of the State of New York or any other jurisdiction.
17. 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.
18. This Agreement shall inure to the benefit of the successors and assigns of the parties hereto. Any entity into which Assignor, Depositor, Assignee or the Bank may be merged or consolidated shall, without the requirement for any further writing, be deemed Assignor, Depositor, Assignee or the Bank, respectively, hereunder.
19. This Agreement shall survive the conveyance of the Mortgage Loans, the assignment of the Sale and Servicing Agreement to the extent of the Mortgage Loans by Assignor to Depositor and by Depositor to Assignee, and the termination of the Sale and Servicing Agreement.
20. This Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original, and all such counterparts shall constitute one and the same instrument.
21. The Controlling Holder under the Pooling and Servicing Agreement is an express third party beneficiary of this Agreement, and shall have the same power and ability to exercise and enforce the rights stated to be provided to it hereunder as if it were a signatory hereto. The Bank hereby consents to such exercise and enforcement.
21 |
22. It is expressly understood and agreed by the parties hereto that insofar as this Agreement is executed by the Trustee (i) this Agreement is executed and delivered by Christiana Trust, a division of Wilmington Savings Fund Society, FSB (“Christiana Trust”) not in its individual capacity but solely as Trustee on behalf of the trust created by the Pooling and Servicing Agreement referred to herein (the “Trust”) in the exercise of the powers and authority conferred upon and vested in it, and as directed in the Pooling and Servicing Agreement, (ii) each of the undertakings and agreements herein made on behalf of the Trust is made and intended not as a personal undertaking or agreement of or by Christiana Trust but is made and intended for purposes of binding only the Trust, (iii) nothing herein contained shall be construed as creating any liability on the part of Christiana Trust, individually or personally, to perform any covenant either express or implied in this Agreement, all such liability, if any, being expressly waived by the parties hereto and by any person claiming by, through or under the parties hereto, and (iv) under no circumstances shall Christiana Trust in its individual capacity or in its capacity as Trustee be personally liable for the payment of any indebtedness, amounts or expenses owed by the Purchaser under the Sale and Servicing Agreement (such indebtedness, expenses and other amounts being payable solely from and to the extent of funds of the Trust) or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made under this Agreement or any other related documents.
23. Master Servicer. The Bank hereby acknowledges that the Assignee has appointed Wells Fargo Bank, N.A. to act as master servicer and securities administrator under the Pooling and Servicing Agreement and hereby agrees to treat all inquiries, demands, instructions, authorizations and other communications from the Master Servicer as if the same had been received from the Assignee. The Master Servicer, acting on behalf of the Assignee, shall have the rights of the Assignee as the Purchaser under this Agreement, including, without limitation, the right to enforce the obligations of the Bank and the Servicer hereunder and under the Sale and Servicing Agreement and the right to exercise the remedies of the Purchaser hereunder and under the Sale and Servicing Agreement, other than the rights assumed by the Controlling Holder assumed under Section 13(a) above.
The Bank shall make all remittances due by it to the Purchaser with respect to the Mortgage Loans to the following account by wire transfer of immediately available funds:
Wells Fargo Bank, N.A.
San Francisco, California
ABA# 121-000-248
Account #3970771416
Account Name: SAS Clearing
FFC: Account #48235300, Sequoia Mortgage Trust 2012-5 Distribution Account
24. The Bank acknowledges that the custodian will be Wells Fargo Bank, N.A. acting pursuant to the Custodial Agreement. Requests for Mortgage Loan Documents required by the Bank to perform its duties under the Sale and Servicing Agreement shall be directed to Wells Fargo Bank, N.A., as custodian, using the form of Request for Release in the form of Exhibit F hereto. The Bank shall provide the Custodian with the specimen signatures of the Bank's authorized servicing representatives using the form in Exhibit D-3 hereto. Notwithstanding Section 10 of the Sale and Servicing Agreement, the Bank shall pay shipping expenses for any Mortgage Loan Documents if there has been a breach of any representation or warranty made with respect to the related Mortgage Loan in Subsection 7.01 of the Sale and Servicing Agreement.
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25. Helping Families Act Notice. Assignor hereby requests that the Bank furnish each Mortgagor with the notice described in Subsection 6.04 of the Sale and Servicing Agreement, in the form attached as Exhibit 8 thereto and using Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee of the Sequoia Mortgage Trust 2012-5 as the investor name, in accordance with the terms of Subsection 6.04 therein, and the Bank hereby covenants that it shall furnish each Mortgagor with such notice as provided therein. Assignor and Assignee each agree that it will not send such notices to the Mortgagors.
26. Rule 17g-5 Compliance. The Bank hereby agrees that it shall provide information with respect to the Mortgage Loans or the origination or servicing thereof to any Rating Agency or nationally recognized statistical rating organization (“NRSRO”) via electronic mail at rmbs17g5informationprovider@wellsfargo.com, with a subject reference of “SEMT 2012-5” and an identification of the type of information being provided in the body of such electronic mail. The Securities Administrator, as the initial Rule 17g-5 Information Provider (the “Rule 17g-5 Information Provider”) shall notify the Bank in writing of any change in the identity or contact information of the Rule 17g-5 Information Provider. The Bank shall have no liability for (i) the Rule 17g-5 Information Provider’s failure to post information provided by it in accordance with the terms of this Agreement or (ii) any malfunction or disabling of the website maintained by the Rule 17g-5 Information Provider. None of the foregoing restrictions in this Section 26 prohibit or restrict oral or written communications, or providing information, between the Bank, on the one hand, and any Rating Agency or NRSRO, on the other hand, with regard to (i) such Rating Agency’s or NRSRO’s review of the ratings it assigns to the Bank, (ii) such Rating Agency’s or NRSRO’s approval of the Bank as a residential mortgage master, special or primary servicer, or (iii) such Rating Agency’s or NRSRO’s evaluation of the Bank’s servicing operations in general; provided, however, that the Bank shall not provide any information relating to the Mortgage Loans to such Rating Agency or NRSRO in connection with such review and evaluation by such Rating Agency or NRSRO unless: (x) borrower, property or deal specific identifiers are redacted; or (y) such information has already been provided to the Rule 17g-5 Information Provider.
23 |
IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day and year first above written.
REDWOOD RESIDENTIAL ACQUISITION CORPORATION | ||
Assignor | ||
By: | ||
Name: | ||
Title: | ||
SEQUOIA RESIDENTIAL FUNDING, INC. | ||
Depositor | ||
By: | ||
Name: | ||
Title: | ||
Christiana Trust, a division of Wilmington Savings Fund Society, FSB, not in its individual capacity but solely as Trustee, | ||
Assignee | ||
By: | ||
Name: | ||
Title: | ||
FIRST REPUBLIC BANK | ||
By: | ||
Name: | ||
Title: |
Accepted and agreed to by: | ||
WELLS FARGO BANK, N.A. | ||
Master Servicer | ||
By: | ||
Name: | ||
Title: |
Signature Page to Assignment, Assumption and Recognition Agreement – First Republic (SEMT 2012-5)
ATTACHMENT 1
MORTGAGE LOAN SCHEDULE
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | |
Primary Servicer | Servicing Fee % | Servicing Fee—Flatdollar | Servicing Advance Methodology | Originator | Originator | Loan Group | Loan Number | Amortization Type | Lien Position | |
1 | 1002338 | 0.002500 | 1002338 | First Republic | 12-114354-4 | 1 | 1 | |||
2 | 1002338 | 0.002500 | 1002338 | First Republic | 12-114374-2 | 1 | 1 | |||
3 | 1002338 | 0.002500 | 1002338 | First Republic | 12-479542-3 | 1 | 1 | |||
4 | 1002338 | 0.002500 | 1002338 | First Republic | 12-479707-2 | 1 | 1 | |||
5 | 1002338 | 0.002500 | 1002338 | First Republic | 12-479747-8 | 1 | 1 | |||
6 | 1002338 | 0.002500 | 1002338 | First Republic | 12-480088-4 | 1 | 1 | |||
7 | 1002338 | 0.002500 | 1002338 | First Republic | 12-480825-9 | 1 | 1 | |||
8 | 1002338 | 0.002500 | 1002338 | First Republic | 12-480951-3 | 1 | 1 | |||
9 | 1002338 | 0.002500 | 1002338 | First Republic | 12-481204-6 | 1 | 1 | |||
10 | 1002338 | 0.002500 | 1002338 | First Republic | 12-481482-8 | 1 | 1 | |||
11 | 1002338 | 0.002500 | 1002338 | First Republic | 12-481513-0 | 1 | 1 | |||
12 | 1002338 | 0.002500 | 1002338 | First Republic | 12-481566-8 | 1 | 1 | |||
13 | 1002338 | 0.002500 | 1002338 | First Republic | 12-481793-8 | 1 | 1 | |||
14 | 1002338 | 0.002500 | 1002338 | First Republic | 12-481858-9 | 1 | 1 | |||
15 | 1002338 | 0.002500 | 1002338 | First Republic | 12-481921-5 | 1 | 1 | |||
16 | 1002338 | 0.002500 | 1002338 | First Republic | 12-481983-5 | 1 | 1 | |||
17 | 1002338 | 0.002500 | 1002338 | First Republic | 12-481988-4 | 1 | 1 | |||
18 | 1002338 | 0.002500 | 1002338 | First Republic | 12-481990-0 | 1 | 1 | |||
19 | 1002338 | 0.002500 | 1002338 | First Republic | 12-482058-5 | 1 | 1 | |||
20 | 1002338 | 0.002500 | 1002338 | First Republic | 12-482111-2 | 1 | 1 | |||
21 | 1002338 | 0.002500 | 1002338 | First Republic | 12-482276-3 | 1 | 1 | |||
22 | 1002338 | 0.002500 | 1002338 | First Republic | 12-482641-8 | 1 | 1 | |||
23 | 1002338 | 0.002500 | 1002338 | First Republic | 12-482701-0 | 1 | 1 | |||
24 | 1002338 | 0.002500 | 1002338 | First Republic | 12-482738-2 | 1 | 1 | |||
25 | 1002338 | 0.002500 | 1002338 | First Republic | 12-482858-8 | 1 | 1 | |||
26 | 1002338 | 0.002500 | 1002338 | First Republic | 12-482862-0 | 1 | 1 | |||
27 | 1002338 | 0.002500 | 1002338 | First Republic | 12-482994-1 | 1 | 1 | |||
28 | 1002338 | 0.002500 | 1002338 | First Republic | 12-483182-2 | 1 | 1 | |||
29 | 1002338 | 0.002500 | 1002338 | First Republic | 12-483208-5 | 1 | 1 | |||
30 | 1002338 | 0.002500 | 1002338 | First Republic | 12-483211-9 | 1 | 1 | |||
31 | 1002338 | 0.002500 | 1002338 | First Republic | 12-483375-2 | 1 | 1 | |||
32 | 1002338 | 0.002500 | 1002338 | First Republic | 12-483447-9 | 1 | 1 | |||
33 | 1002338 | 0.002500 | 1002338 | First Republic | 12-483604-5 | 1 | 1 | |||
34 | 1002338 | 0.002500 | 1002338 | First Republic | 12-483753-0 | 1 | 1 | |||
35 | 1002338 | 0.002500 | 1002338 | First Republic | 12-483755-5 | 1 | 1 | |||
36 | 1002338 | 0.002500 | 1002338 | First Republic | 12-483782-9 | 1 | 1 | |||
37 | 1002338 | 0.002500 | 1002338 | First Republic | 12-483830-6 | 1 | 1 | |||
38 | 1002338 | 0.002500 | 1002338 | First Republic | 12-483889-2 | 1 | 1 | |||
39 | 1002338 | 0.002500 | 1002338 | First Republic | 12-483890-0 | 1 | 1 | |||
40 | 1002338 | 0.002500 | 1002338 | First Republic | 12-483975-9 | 1 | 1 | |||
41 | 1002338 | 0.002500 | 1002338 | First Republic | 12-484000-5 | 1 | 1 | |||
42 | 1002338 | 0.002500 | 1002338 | First Republic | 12-484090-6 | 1 | 1 | |||
43 | 1002338 | 0.002500 | 1002338 | First Republic | 12-484244-9 | 1 | 1 | |||
44 | 1002338 | 0.002500 | 1002338 | First Republic | 12-484258-9 | 1 | 1 | |||
45 | 1002338 | 0.002500 | 1002338 | First Republic | 12-484331-4 | 1 | 1 | |||
46 | 1002338 | 0.002500 | 1002338 | First Republic | 12-484412-2 | 1 | 1 | |||
47 | 1002338 | 0.002500 | 1002338 | First Republic | 12-484609-3 | 1 | 1 | |||
48 | 1002338 | 0.002500 | 1002338 | First Republic | 12-485451-9 | 1 | 1 | |||
49 | 1002338 | 0.002500 | 1002338 | First Republic | 12-485560-7 | 1 | 1 | |||
50 | 1002338 | 0.002500 | 1002338 | First Republic | 12-486275-1 | 1 | 1 | |||
51 | 1002338 | 0.002500 | 1002338 | First Republic | 12-486605-9 | 1 | 1 | |||
52 | 1002338 | 0.002500 | 1002338 | First Republic | 12-486740-4 | 1 | 1 | |||
53 | 1002338 | 0.002500 | 1002338 | First Republic | 12-486777-6 | 1 | 1 | |||
54 | 1002338 | 0.002500 | 1002338 | First Republic | 12-486786-7 | 1 | 1 | |||
55 | 1002338 | 0.002500 | 1002338 | First Republic | 12-486969-9 | 1 | 1 | |||
56 | 1002338 | 0.002500 | 1002338 | First Republic | 12-487232-1 | 1 | 1 | |||
57 | 1002338 | 0.002500 | 1002338 | First Republic | 12-487265-1 | 1 | 1 | |||
58 | 1002338 | 0.002500 | 1002338 | First Republic | 12-487553-0 | 1 | 1 | |||
59 | 1002338 | 0.002500 | 1002338 | First Republic | 12-487558-9 | 1 | 1 | |||
60 | 1002338 | 0.002500 | 1002338 | First Republic | 12-487627-2 | 1 | 1 | |||
61 | 1002338 | 0.002500 | 1002338 | First Republic | 12-487644-7 | 1 | 1 | |||
62 | 1002338 | 0.002500 | 1002338 | First Republic | 12-487685-0 | 1 | 1 | |||
63 | 1002338 | 0.002500 | 1002338 | First Republic | 12-487738-7 | 1 | 1 | |||
64 | 1002338 | 0.002500 | 1002338 | First Republic | 12-487841-9 | 1 | 1 | |||
65 | 1002338 | 0.002500 | 1002338 | First Republic | 12-487892-2 | 1 | 1 | |||
66 | 1002338 | 0.002500 | 1002338 | First Republic | 12-487960-7 | 1 | 1 | |||
67 | 1002338 | 0.002500 | 1002338 | First Republic | 12-487967-2 | 1 | 1 | |||
68 | 1002338 | 0.002500 | 1002338 | First Republic | 12-487973-0 | 1 | 1 | |||
69 | 1002338 | 0.002500 | 1002338 | First Republic | 12-488037-3 | 1 | 1 | |||
70 | 1002338 | 0.002500 | 1002338 | First Republic | 12-488039-9 | 1 | 1 | |||
71 | 1002338 | 0.002500 | 1002338 | First Republic | 12-488088-6 | 1 | 1 | |||
72 | 1002338 | 0.002500 | 1002338 | First Republic | 12-488101-7 | 1 | 1 | |||
73 | 1002338 | 0.002500 | 1002338 | First Republic | 12-488256-9 | 1 | 1 | |||
74 | 1002338 | 0.002500 | 1002338 | First Republic | 12-488271-8 | 1 | 1 | |||
75 | 1002338 | 0.002500 | 1002338 | First Republic | 12-488985-3 | 1 | 1 | |||
76 | 1002338 | 0.002500 | 1002338 | First Republic | 12-489184-2 | 1 | 1 | |||
77 | 1002338 | 0.002500 | 1002338 | First Republic | 12-489250-1 | 1 | 1 | |||
78 | 1002338 | 0.002500 | 1002338 | First Republic | 12-489820-1 | 1 | 1 | |||
79 | 1002338 | 0.002500 | 1002338 | First Republic | 12-489544-7 | 1 | 1 |
11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | |
HELOC Indicator | Loan Purpose | Cash Out Amount | Total Origination and Discount Points | Covered/High Cost Loan Indicator | Relocation Loan Indicator | Broker Indicator | Channel | Escrow Indicator | Senior
Loan Amount(s) | |
1 | 0 | 7 | 1 | 0 | 0 | |||||
2 | 0 | 7 | 1 | 0 | 0 | |||||
3 | 0 | 9 | 1 | 0 | 0 | |||||
4 | 0 | 3 | 1 | 0 | 0 | |||||
5 | 0 | 3 | 1 | 0 | 0 | |||||
6 | 0 | 9 | 1 | 0 | 0 | |||||
7 | 0 | 9 | 1 | 0 | 0 | |||||
8 | 0 | 9 | 1 | 0 | 0 | |||||
9 | 0 | 7 | 1 | 0 | 0 | |||||
10 | 0 | 7 | 1 | 0 | 0 | |||||
11 | 0 | 6 | 1 | 0 | 0 | |||||
12 | 0 | 7 | 1 | 0 | 0 | |||||
13 | 0 | 7 | 1 | 0 | 0 | |||||
14 | 0 | 3 | 1 | 0 | 0 | |||||
15 | 0 | 9 | 1 | 0 | 0 | |||||
16 | 0 | 7 | 1 | 0 | 0 | |||||
17 | 0 | 7 | 1 | 0 | 0 | |||||
18 | 0 | 9 | 1 | 0 | 0 | |||||
19 | 0 | 9 | 1 | 0 | 0 | |||||
20 | 0 | 9 | 1 | 0 | 0 | |||||
21 | 0 | 7 | 1 | 0 | 0 | |||||
22 | 0 | 3 | 1 | 0 | 0 | |||||
23 | 0 | 9 | 1 | 0 | 0 | |||||
24 | 0 | 9 | 1 | 0 | 0 | |||||
25 | 0 | 6 | 1 | 0 | 0 | |||||
26 | 0 | 7 | 1 | 0 | 0 | |||||
27 | 0 | 9 | 1 | 0 | 0 | |||||
28 | 0 | 9 | 1 | 0 | 0 | |||||
29 | 0 | 9 | 1 | 1 | 0 | |||||
30 | 0 | 9 | 1 | 0 | 0 | |||||
31 | 0 | 7 | 1 | 0 | 0 | |||||
32 | 0 | 7 | 1 | 0 | 0 | |||||
33 | 0 | 9 | 1 | 0 | 0 | |||||
34 | 0 | 7 | 1 | 0 | 0 | |||||
35 | 0 | 7 | 1 | 0 | 0 | |||||
36 | 0 | 9 | 1 | 0 | 0 | |||||
37 | 0 | 7 | 1 | 0 | 0 | |||||
38 | 0 | 9 | 1 | 0 | 0 | |||||
39 | 0 | 3 | 1 | 0 | 0 | |||||
40 | 0 | 6 | 1 | 0 | 0 | |||||
41 | 0 | 6 | 1 | 0 | 0 | |||||
42 | 0 | 3 | 1 | 0 | 0 | |||||
43 | 0 | 7 | 1 | 0 | 0 | |||||
44 | 0 | 7 | 1 | 0 | 0 | |||||
45 | 0 | 9 | 1 | 0 | 0 | |||||
46 | 0 | 3 | 1 | 0 | 0 | |||||
47 | 0 | 7 | 1 | 0 | 0 | |||||
48 | 0 | 9 | 1 | 0 | 0 | |||||
49 | 0 | 6 | 1 | 0 | 0 | |||||
50 | 0 | 7 | 1 | 0 | 0 | |||||
51 | 0 | 7 | 1 | 0 | 0 | |||||
52 | 0 | 9 | 1 | 0 | 0 | |||||
53 | 0 | 3 | 1 | 0 | 0 | |||||
54 | 0 | 7 | 1 | 4 | 0 | |||||
55 | 0 | 9 | 1 | 0 | 0 | |||||
56 | 0 | 9 | 1 | 0 | 0 | |||||
57 | 0 | 3 | 1 | 0 | 0 | |||||
58 | 0 | 9 | 1 | 0 | 0 | |||||
59 | 0 | 7 | 1 | 0 | 0 | |||||
60 | 0 | 9 | 1 | 0 | 0 | |||||
61 | 0 | 9 | 1 | 0 | 0 | |||||
62 | 0 | 6 | 1 | 0 | 0 | |||||
63 | 0 | 9 | 1 | 0 | 0 | |||||
64 | 0 | 7 | 1 | 0 | 0 | |||||
65 | 0 | 9 | 1 | 0 | 0 | |||||
66 | 0 | 7 | 1 | 0 | 0 | |||||
67 | 0 | 9 | 1 | 0 | 0 | |||||
68 | 0 | 9 | 1 | 0 | 0 | |||||
69 | 0 | 7 | 1 | 0 | 0 | |||||
70 | 0 | 9 | 1 | 0 | 0 | |||||
71 | 0 | 7 | 1 | 0 | 0 | |||||
72 | 0 | 7 | 1 | 0 | 0 | |||||
73 | 0 | 7 | 1 | 0 | 0 | |||||
74 | 0 | 7 | 1 | 0 | 0 | |||||
75 | 0 | 7 | 1 | 0 | 0 | |||||
76 | 0 | 7 | 1 | 0 | 0 | |||||
77 | 0 | 7 | 1 | 0 | 0 | |||||
78 | 0 | 7 | 1 | 0 | 0 | |||||
79 | 0 | 7 | 1 | 0 | 0 |
21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | |
Loan
Type of Most Senior Lien |
Hybrid
Period of Most Senior Lien (in months) |
Neg
Am Limit of Most Senior Lien |
Junior
Mortgage Balance |
Origination
Date of Most Senior Lien |
Origination Date | Original
Loan Amount |
Original
Interest Rate |
Original Amortization Term |
Original
Term to Maturity | |
1 | 0.00 | 20120330 | 1248000.00 | 0.044500 | 360 | 360 | ||||
2 | 0.00 | 20120508 | 945000.00 | 0.043000 | 360 | 360 | ||||
3 | 0.00 | 20120322 | 1056000.00 | 0.045000 | 360 | 360 | ||||
4 | 500000.00 | 20120614 | 925000.00 | 0.045500 | 360 | 360 | ||||
5 | 100000.00 | 20120406 | 1435000.00 | 0.043000 | 360 | 360 | ||||
6 | 0.00 | 20120322 | 800000.00 | 0.047000 | 360 | 360 | ||||
7 | 0.00 | 20120430 | 525000.00 | 0.044000 | 360 | 360 | ||||
8 | 17500.00 | 20120326 | 770000.00 | 0.045000 | 360 | 360 | ||||
9 | 200000.00 | 20120402 | 900000.00 | 0.045000 | 360 | 360 | ||||
10 | 0.00 | 20120316 | 1000000.00 | 0.044000 | 360 | 360 | ||||
11 | 0.00 | 20120322 | 656800.00 | 0.045000 | 360 | 360 | ||||
12 | 0.00 | 20120314 | 598500.00 | 0.047000 | 360 | 360 | ||||
13 | 0.00 | 20120319 | 900000.00 | 0.043000 | 360 | 360 | ||||
14 | 0.00 | 20120413 | 820000.00 | 0.043500 | 360 | 360 | ||||
15 | 200000.00 | 20120413 | 873000.00 | 0.045500 | 360 | 360 | ||||
16 | 0.00 | 20120319 | 1100000.00 | 0.043000 | 360 | 360 | ||||
17 | 0.00 | 20120320 | 1296000.00 | 0.042500 | 360 | 360 | ||||
18 | 0.00 | 20120507 | 735000.00 | 0.045500 | 360 | 360 | ||||
19 | 0.00 | 20120410 | 900250.00 | 0.045500 | 360 | 360 | ||||
20 | 0.00 | 20120419 | 856000.00 | 0.044000 | 360 | 360 | ||||
21 | 0.00 | 20120329 | 840000.00 | 0.043000 | 360 | 360 | ||||
22 | 120000.00 | 20120508 | 900000.00 | 0.043500 | 360 | 360 | ||||
23 | 150000.00 | 20120430 | 710000.00 | 0.045500 | 360 | 360 | ||||
24 | 0.00 | 20120417 | 720000.00 | 0.044000 | 360 | 360 | ||||
25 | 0.00 | 20120514 | 956000.00 | 0.042000 | 360 | 360 | ||||
26 | 0.00 | 20120406 | 960000.00 | 0.043000 | 360 | 360 | ||||
27 | 0.00 | 20120522 | 1100000.00 | 0.044000 | 360 | 360 | ||||
28 | 0.00 | 20120625 | 1290000.00 | 0.043000 | 360 | 360 | ||||
29 | 0.00 | 20120727 | 680000.00 | 0.044000 | 360 | 360 | ||||
30 | 100000.00 | 20120525 | 1139000.00 | 0.043000 | 360 | 360 | ||||
31 | 0.00 | 20120411 | 1073600.00 | 0.044000 | 360 | 360 | ||||
32 | 0.00 | 20120410 | 1120000.00 | 0.043500 | 360 | 360 | ||||
33 | 0.00 | 20120529 | 1120000.00 | 0.044500 | 360 | 360 | ||||
34 | 448000.00 | 20120426 | 960000.00 | 0.040500 | 360 | 360 | ||||
35 | 0.00 | 20120426 | 1364000.00 | 0.044000 | 360 | 360 | ||||
36 | 100000.00 | 20120601 | 800000.00 | 0.046500 | 360 | 360 | ||||
37 | 0.00 | 20120419 | 821250.00 | 0.043000 | 360 | 360 | ||||
38 | 0.00 | 20120622 | 1100000.00 | 0.044000 | 360 | 360 | ||||
39 | 0.00 | 20120530 | 1075000.00 | 0.042500 | 360 | 360 | ||||
40 | 0.00 | 20120514 | 1196000.00 | 0.041500 | 360 | 360 | ||||
41 | 0.00 | 20120426 | 680000.00 | 0.043000 | 360 | 360 | ||||
42 | 100000.00 | 20120612 | 950000.00 | 0.043500 | 360 | 360 | ||||
43 | 0.00 | 20120503 | 1200000.00 | 0.043000 | 360 | 360 | ||||
44 | 0.00 | 20120522 | 2115000.00 | 0.039500 | 360 | 360 | ||||
45 | 0.00 | 20120618 | 810000.00 | 0.044000 | 360 | 360 | ||||
46 | 0.00 | 20120716 | 715000.00 | 0.041500 | 360 | 360 | ||||
47 | 0.00 | 20120504 | 1680000.00 | 0.042500 | 360 | 360 | ||||
48 | 0.00 | 20120628 | 710000.00 | 0.039500 | 360 | 360 | ||||
49 | 0.00 | 20120809 | 788000.00 | 0.042000 | 360 | 360 | ||||
50 | 0.00 | 20120703 | 862400.00 | 0.040500 | 360 | 360 | ||||
51 | 0.00 | 20120614 | 960000.00 | 0.042500 | 360 | 360 | ||||
52 | 78000.00 | 20120809 | 552000.00 | 0.045000 | 360 | 360 | ||||
53 | 250000.00 | 20120712 | 865000.00 | 0.038500 | 240 | 240 | ||||
54 | 0.00 | 20120705 | 1480000.00 | 0.042000 | 360 | 360 | ||||
55 | 500000.00 | 20120802 | 987500.00 | 0.041500 | 360 | 360 | ||||
56 | 0.00 | 20120806 | 860000.00 | 0.041500 | 360 | 360 | ||||
57 | 0.00 | 20120718 | 765000.00 | 0.041500 | 360 | 360 | ||||
58 | 0.00 | 20120801 | 723000.00 | 0.041000 | 360 | 360 | ||||
59 | 0.00 | 20120709 | 808000.00 | 0.044000 | 360 | 360 | ||||
60 | 0.00 | 20120821 | 960000.00 | 0.043000 | 360 | 360 | ||||
61 | 0.00 | 20120809 | 1000000.00 | 0.041500 | 360 | 360 | ||||
62 | 0.00 | 20120706 | 1310000.00 | 0.040000 | 360 | 360 | ||||
63 | 0.00 | 20120803 | 1600000.00 | 0.043000 | 360 | 360 | ||||
64 | 0.00 | 20120713 | 1467000.00 | 0.041500 | 360 | 360 | ||||
65 | 0.00 | 20120718 | 710000.00 | 0.041500 | 360 | 360 | ||||
66 | 0.00 | 20120720 | 1080000.00 | 0.040000 | 360 | 360 | ||||
67 | 0.00 | 20120730 | 810000.00 | 0.041000 | 360 | 360 | ||||
68 | 0.00 | 20120807 | 962000.00 | 0.040000 | 360 | 360 | ||||
69 | 0.00 | 20120822 | 920000.00 | 0.040500 | 360 | 360 | ||||
70 | 0.00 | 20120821 | 467500.00 | 0.039000 | 240 | 240 | ||||
71 | 0.00 | 20120725 | 1180000.00 | 0.040500 | 360 | 360 | ||||
72 | 0.00 | 20120712 | 1000000.00 | 0.040500 | 360 | 360 | ||||
73 | 1000000.00 | 20120723 | 1000000.00 | 0.042000 | 360 | 360 | ||||
74 | 0.00 | 20120718 | 936000.00 | 0.040500 | 360 | 360 | ||||
75 | 0.00 | 20120829 | 1938750.00 | 0.041000 | 360 | 360 | ||||
76 | 0.00 | 20120807 | 850000.00 | 0.038500 | 360 | 360 | ||||
77 | 0.00 | 20120809 | 1250000.00 | 0.039500 | 360 | 360 | ||||
78 | 0.00 | 20120808 | 1175000.00 | 0.039000 | 360 | 360 | ||||
79 | 0.00 | 20120906 | 1443750.00 | 0.041000 | 360 | 360 |
31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | |
First
Payment Date of Loan |
Interest
Type Indicator |
Original
Interest Only Term |
Buy Down Period | HELOC Draw Period | Current
Loan Amount |
Current
Interest Rate |
Current
Payment Amount Due |
Interest
Paid Through Date |
Current
Payment Status | |
1 | 20120601 | 1 | 0 | 0 | 1241329.33 | 0.044500 | 6286.41 | 20120901 | 0 | |
2 | 20120701 | 1 | 0 | 0 | 941115.25 | 0.043000 | 4676.54 | 20120901 | 0 | |
3 | 20120501 | 1 | 0 | 0 | 1048994.66 | 0.045000 | 5350.60 | 20120901 | 0 | |
4 | 20120801 | 1 | 0 | 0 | 922581.28 | 0.045500 | 4714.36 | 20120901 | 0 | |
5 | 20120601 | 1 | 0 | 0 | 1427120.47 | 0.043000 | 7101.41 | 20120901 | 0 | |
6 | 20120501 | 1 | 0 | 0 | 794881.17 | 0.047000 | 4149.10 | 20120901 | 0 | |
7 | 20120701 | 1 | 0 | 0 | 522382.55 | 0.044000 | 2628.99 | 20120901 | 0 | |
8 | 20120601 | 1 | 0 | 0 | 765921.21 | 0.045000 | 3901.48 | 20120901 | 0 | |
9 | 20120601 | 1 | 120 | 0 | 719977.50 | 0.045000 | 2699.92 | 20120901 | 0 | |
10 | 20120601 | 1 | 0 | 0 | 994606.66 | 0.044000 | 5007.61 | 20120901 | 0 | |
11 | 20120501 | 1 | 0 | 0 | 652442.89 | 0.045000 | 3327.91 | 20120901 | 0 | |
12 | 20120501 | 1 | 0 | 0 | 594670.50 | 0.047000 | 3104.05 | 20120901 | 0 | |
13 | 20120501 | 1 | 0 | 0 | 893811.56 | 0.043000 | 4453.84 | 20120901 | 0 | |
14 | 20120601 | 1 | 0 | 0 | 815537.57 | 0.043500 | 4082.06 | 20120901 | 0 | |
15 | 20120601 | 1 | 0 | 0 | 868417.17 | 0.045500 | 4449.34 | 20120901 | 0 | |
16 | 20120501 | 1 | 0 | 0 | 1092436.36 | 0.043000 | 5443.59 | 20120901 | 0 | |
17 | 20120501 | 1 | 0 | 0 | 1287008.79 | 0.042500 | 6375.54 | 20120901 | 0 | |
18 | 20120701 | 1 | 120 | 0 | 735000.00 | 0.045500 | 2786.88 | 20120901 | 0 | |
19 | 20120601 | 1 | 0 | 0 | 895524.11 | 0.045500 | 4588.22 | 20120901 | 0 | |
20 | 20120601 | 1 | 0 | 0 | 851383.27 | 0.044000 | 4286.51 | 20120901 | 0 | |
21 | 20120601 | 1 | 0 | 0 | 835387.57 | 0.043000 | 4156.92 | 20120901 | 0 | |
22 | 20120701 | 1 | 0 | 0 | 896333.31 | 0.043500 | 4480.31 | 20120901 | 0 | |
23 | 20120701 | 1 | 0 | 0 | 707209.92 | 0.045500 | 3618.59 | 20120901 | 0 | |
24 | 20120601 | 1 | 0 | 0 | 716116.79 | 0.044000 | 3605.48 | 20120901 | 0 | |
25 | 20120701 | 1 | 0 | 0 | 951999.00 | 0.042000 | 4675.00 | 20120901 | 0 | |
26 | 20120601 | 1 | 0 | 0 | 954728.67 | 0.043000 | 4750.77 | 20120901 | 0 | |
27 | 20120701 | 1 | 0 | 0 | 1095558.61 | 0.044000 | 5508.37 | 20120901 | 0 | |
28 | 20120901 | 1 | 0 | 0 | 1288238.65 | 0.043000 | 6383.84 | 20120901 | 0 | |
29 | 20120901 | 1 | 0 | 0 | 679088.15 | 0.044000 | 3405.17 | 20120901 | 0 | |
30 | 20120801 | 1 | 0 | 0 | 1135884.08 | 0.043000 | 5636.59 | 20120901 | 0 | |
31 | 20120601 | 1 | 120 | 0 | 1073600.00 | 0.044000 | 3936.53 | 20120901 | 0 | |
32 | 20120601 | 1 | 0 | 0 | 1113904.96 | 0.043500 | 5575.49 | 20120901 | 0 | |
33 | 20120801 | 1 | 0 | 0 | 1117017.82 | 0.044500 | 5641.65 | 20120901 | 0 | |
34 | 20120701 | 1 | 0 | 0 | 955873.37 | 0.040500 | 4610.90 | 20120901 | 0 | |
35 | 20120701 | 1 | 0 | 0 | 1358492.72 | 0.044000 | 6830.38 | 20120901 | 0 | |
36 | 20120801 | 1 | 120 | 0 | 800000.00 | 0.046500 | 3100.00 | 20120901 | 0 | |
37 | 20120601 | 1 | 0 | 0 | 816740.51 | 0.043000 | 4064.13 | 20120901 | 0 | |
38 | 20120801 | 1 | 0 | 0 | 1098524.95 | 0.044000 | 5508.37 | 20120901 | 0 | |
39 | 20120801 | 1 | 0 | 0 | 1072032.62 | 0.042500 | 5288.35 | 20120901 | 0 | |
40 | 20120701 | 1 | 0 | 0 | 1190949.67 | 0.041500 | 5813.80 | 20120901 | 0 | |
41 | 20120701 | 1 | 0 | 0 | 677204.62 | 0.043000 | 3365.13 | 20120901 | 0 | |
42 | 20120801 | 1 | 0 | 0 | 947424.40 | 0.043500 | 4729.21 | 20120901 | 0 | |
43 | 20120701 | 1 | 0 | 0 | 1195066.99 | 0.043000 | 5938.46 | 20120901 | 0 | |
44 | 20120701 | 1 | 0 | 0 | 2105745.82 | 0.039500 | 10036.46 | 20120901 | 0 | |
45 | 20120801 | 1 | 0 | 0 | 807823.68 | 0.044000 | 4056.16 | 20120901 | 0 | |
46 | 20120901 | 1 | 0 | 0 | 713997.07 | 0.041500 | 3475.64 | 20120901 | 0 | |
47 | 20120701 | 1 | 0 | 0 | 1673031.58 | 0.042500 | 8264.59 | 20120901 | 0 | |
48 | 20120901 | 1 | 0 | 0 | 708967.86 | 0.039500 | 3369.21 | 20120901 | 0 | |
49 | 20121001 | 1 | 120 | 0 | 788000.00 | 0.042000 | 2758.00 | 20120901 | 0 | |
50 | 20120901 | 1 | 120 | 0 | 862400.00 | 0.040500 | 2910.60 | 20120901 | 0 | |
51 | 20120801 | 1 | 120 | 0 | 960000.00 | 0.042500 | 3400.00 | 20120901 | 0 | |
52 | 20121001 | 1 | 0 | 0 | 552000.00 | 0.045000 | 2796.90 | 20120901 | 0 | |
53 | 20120901 | 1 | 0 | 0 | 862601.59 | 0.038500 | 5173.61 | 20120901 | 0 | |
54 | 20120901 | 1 | 120 | 0 | 1477900.00 | 0.042000 | 5172.65 | 20120901 | 0 | |
55 | 20121001 | 1 | 0 | 0 | 987500.00 | 0.041500 | 4800.27 | 20120901 | 0 | |
56 | 20121001 | 1 | 0 | 0 | 860000.00 | 0.041500 | 4180.49 | 20120901 | 0 | |
57 | 20120901 | 1 | 0 | 0 | 763926.93 | 0.041500 | 3718.69 | 20120901 | 0 | |
58 | 20121001 | 1 | 0 | 0 | 723000.00 | 0.041000 | 3493.52 | 20120901 | 0 | |
59 | 20120901 | 1 | 0 | 0 | 806916.52 | 0.044000 | 4046.15 | 20120901 | 0 | |
60 | 20121001 | 1 | 120 | 0 | 960000.00 | 0.043000 | 3440.00 | 20120901 | 0 | |
61 | 20121001 | 1 | 0 | 0 | 1000000.00 | 0.041500 | 4861.03 | 20120901 | 0 | |
62 | 20120901 | 1 | 120 | 0 | 1310000.00 | 0.040000 | 4366.67 | 20120901 | 0 | |
63 | 20121001 | 1 | 120 | 0 | 1600000.00 | 0.043000 | 5733.33 | 20120901 | 0 | |
64 | 20120901 | 1 | 0 | 0 | 1464942.24 | 0.041500 | 7131.14 | 20120901 | 0 | |
65 | 20120901 | 1 | 0 | 0 | 709004.08 | 0.041500 | 3451.33 | 20120901 | 0 | |
66 | 20120901 | 1 | 0 | 0 | 1078443.91 | 0.040000 | 5156.09 | 20120901 | 0 | |
67 | 20121001 | 1 | 0 | 0 | 810000.00 | 0.041000 | 3913.91 | 20120901 | 0 | |
68 | 20121001 | 1 | 0 | 0 | 962000.00 | 0.040000 | 4592.74 | 20120901 | 0 | |
69 | 20121001 | 1 | 0 | 0 | 920000.00 | 0.040500 | 4418.78 | 20120901 | 0 | |
70 | 20121001 | 1 | 0 | 0 | 467500.00 | 0.039000 | 2808.38 | 20120901 | 0 | |
71 | 20120901 | 1 | 0 | 0 | 1178314.93 | 0.040500 | 5667.57 | 20120901 | 0 | |
72 | 20120901 | 1 | 0 | 0 | 998571.97 | 0.040500 | 4803.02 | 20120901 | 0 | |
73 | 20120901 | 1 | 120 | 0 | 1000000.00 | 0.042000 | 3500.00 | 20120901 | 0 | |
74 | 20120901 | 1 | 0 | 0 | 934663.36 | 0.040500 | 4495.63 | 20120901 | 0 | |
75 | 20121001 | 1 | 120 | 0 | 1938750.00 | 0.041000 | 6624.06 | 20120901 | 0 | |
76 | 20121001 | 1 | 0 | 0 | 850000.00 | 0.038500 | 3984.87 | 20120901 | 0 | |
77 | 20121001 | 1 | 0 | 0 | 1250000.00 | 0.039500 | 5931.72 | 20120901 | 0 | |
78 | 20121001 | 1 | 0 | 0 | 1175000.00 | 0.039000 | 5542.10 | 20120901 | 0 | |
79 | 20121101 | 1 | 120 | 0 | 1443750.00 | 0.041000 | 4932.81 | 20120901 | 0 |
41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | |
Index Type | ARM
Look-back Days |
Gross Margin | ARM Round Flag | ARM Round Factor | Initial
Fixed Rate Period |
Initial
Interest Rate Cap (Change Up) |
Initial
Interest Rate Cap (Change Down) |
Subsequent
Interest Rate Reset Period |
Subsequent
Interest Rate Cap (Change Down) | |
1 | 0 | |||||||||
2 | 0 | |||||||||
3 | 0 | |||||||||
4 | 0 | |||||||||
5 | 0 | |||||||||
6 | 0 | |||||||||
7 | 0 | |||||||||
8 | 0 | |||||||||
9 | 0 | |||||||||
10 | 0 | |||||||||
11 | 0 | |||||||||
12 | 0 | |||||||||
13 | 0 | |||||||||
14 | 0 | |||||||||
15 | 0 | |||||||||
16 | 0 | |||||||||
17 | 0 | |||||||||
18 | 0 | |||||||||
19 | 0 | |||||||||
20 | 0 | |||||||||
21 | 0 | |||||||||
22 | 0 | |||||||||
23 | 0 | |||||||||
24 | 0 | |||||||||
25 | 0 | |||||||||
26 | 0 | |||||||||
27 | 0 | |||||||||
28 | 0 | |||||||||
29 | 0 | |||||||||
30 | 0 | |||||||||
31 | 0 | |||||||||
32 | 0 | |||||||||
33 | 0 | |||||||||
34 | 0 | |||||||||
35 | 0 | |||||||||
36 | 0 | |||||||||
37 | 0 | |||||||||
38 | 0 | |||||||||
39 | 0 | |||||||||
40 | 0 | |||||||||
41 | 0 | |||||||||
42 | 0 | |||||||||
43 | 0 | |||||||||
44 | 0 | |||||||||
45 | 0 | |||||||||
46 | 0 | |||||||||
47 | 0 | |||||||||
48 | 0 | |||||||||
49 | 0 | |||||||||
50 | 0 | |||||||||
51 | 0 | |||||||||
52 | 0 | |||||||||
53 | 0 | |||||||||
54 | 0 | |||||||||
55 | 0 | |||||||||
56 | 0 | |||||||||
57 | 0 | |||||||||
58 | 0 | |||||||||
59 | 0 | |||||||||
60 | 0 | |||||||||
61 | 0 | |||||||||
62 | 0 | |||||||||
63 | 0 | |||||||||
64 | 0 | |||||||||
65 | 0 | |||||||||
66 | 0 | |||||||||
67 | 0 | |||||||||
68 | 0 | |||||||||
69 | 0 | |||||||||
70 | 0 | |||||||||
71 | 0 | |||||||||
72 | 0 | |||||||||
73 | 0 | |||||||||
74 | 0 | |||||||||
75 | 0 | |||||||||
76 | 0 | |||||||||
77 | 0 | |||||||||
78 | 0 | |||||||||
79 | 0 |
51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | |
Subsequent
Interest Rate Cap (Change Up) |
Lifetime
Maximum Rate (Ceiling) |
Lifetime
Minimum Rate (Floor) |
Negative Amortization Limit |
Initial
Negative Amortization Recast Period |
Subsequent Negative Amortization Recast Period |
Initial
Fixed Payment Period |
Subsequent Payment Reset Period |
Initial
Periodic Payment Cap |
Subsequent Periodic Payment Cap | |
1 | ||||||||||
2 | ||||||||||
3 | ||||||||||
4 | ||||||||||
5 | ||||||||||
6 | ||||||||||
7 | ||||||||||
8 | ||||||||||
9 | ||||||||||
10 | ||||||||||
11 | ||||||||||
12 | ||||||||||
13 | ||||||||||
14 | ||||||||||
15 | ||||||||||
16 | ||||||||||
17 | ||||||||||
18 | ||||||||||
19 | ||||||||||
20 | ||||||||||
21 | ||||||||||
22 | ||||||||||
23 | ||||||||||
24 | ||||||||||
25 | ||||||||||
26 | ||||||||||
27 | ||||||||||
28 | ||||||||||
29 | ||||||||||
30 | ||||||||||
31 | ||||||||||
32 | ||||||||||
33 | ||||||||||
34 | ||||||||||
35 | ||||||||||
36 | ||||||||||
37 | ||||||||||
38 | ||||||||||
39 | ||||||||||
40 | ||||||||||
41 | ||||||||||
42 | ||||||||||
43 | ||||||||||
44 | ||||||||||
45 | ||||||||||
46 | ||||||||||
47 | ||||||||||
48 | ||||||||||
49 | ||||||||||
50 | ||||||||||
51 | ||||||||||
52 | ||||||||||
53 | ||||||||||
54 | ||||||||||
55 | ||||||||||
56 | ||||||||||
57 | ||||||||||
58 | ||||||||||
59 | ||||||||||
60 | ||||||||||
61 | ||||||||||
62 | ||||||||||
63 | ||||||||||
64 | ||||||||||
65 | ||||||||||
66 | ||||||||||
67 | ||||||||||
68 | ||||||||||
69 | ||||||||||
70 | ||||||||||
71 | ||||||||||
72 | ||||||||||
73 | ||||||||||
74 | ||||||||||
75 | ||||||||||
76 | ||||||||||
77 | ||||||||||
78 | ||||||||||
79 |
61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | |
Initial
Minimum Payment Reset Period |
Subsequent Minimum Payment Reset Period |
Option
ARM Indicator |
Options at Recast | Initial
Minimum Payment |
Current
Minimum Payment |
Prepayment
Penalty Calculation |
Prepayment
Penalty Type |
Prepayment
Penalty Total Term |
Prepayment
Penalty Hard Term | |
1 | 99 | 99 | 60 | |||||||
2 | 99 | 99 | 60 | |||||||
3 | 99 | 99 | 36 | |||||||
4 | 99 | 99 | 60 | |||||||
5 | 99 | 99 | 60 | |||||||
6 | 99 | 99 | 36 | |||||||
7 | 99 | 99 | 60 | |||||||
8 | 99 | 99 | 60 | |||||||
9 | 99 | 99 | 60 | |||||||
10 | 99 | 99 | 60 | |||||||
11 | 99 | 99 | 60 | |||||||
12 | 99 | 99 | 60 | |||||||
13 | 99 | 99 | 60 | |||||||
14 | 99 | 99 | 60 | |||||||
15 | 99 | 99 | 36 | |||||||
16 | 99 | 99 | 36 | |||||||
17 | 99 | 99 | 60 | |||||||
18 | 99 | 99 | 60 | |||||||
19 | 99 | 99 | 60 | |||||||
20 | 99 | 99 | 60 | |||||||
21 | 99 | 99 | 60 | |||||||
22 | 99 | 99 | 60 | |||||||
23 | 99 | 99 | 60 | |||||||
24 | 99 | 99 | 60 | |||||||
25 | 99 | 99 | 60 | |||||||
26 | 99 | 99 | 60 | |||||||
27 | 99 | 99 | 60 | |||||||
28 | 99 | 99 | 60 | |||||||
29 | 99 | 99 | 60 | |||||||
30 | 99 | 99 | 60 | |||||||
31 | 99 | 99 | 60 | |||||||
32 | 99 | 99 | 60 | |||||||
33 | 99 | 99 | 60 | |||||||
34 | 99 | 99 | 60 | |||||||
35 | 99 | 99 | 60 | |||||||
36 | 99 | 99 | 60 | |||||||
37 | 99 | 99 | 60 | |||||||
38 | 99 | 99 | 60 | |||||||
39 | 99 | 99 | 60 | |||||||
40 | 99 | 99 | 60 | |||||||
41 | 99 | 99 | 60 | |||||||
42 | 99 | 99 | 60 | |||||||
43 | 99 | 99 | 60 | |||||||
44 | 99 | 99 | 60 | |||||||
45 | 99 | 99 | 60 | |||||||
46 | 99 | 99 | 60 | |||||||
47 | 99 | 99 | 60 | |||||||
48 | 99 | 99 | 60 | |||||||
49 | 99 | 99 | 60 | |||||||
50 | 99 | 99 | 60 | |||||||
51 | 99 | 99 | 60 | |||||||
52 | 99 | 99 | 60 | |||||||
53 | 99 | 99 | 60 | |||||||
54 | 99 | 99 | 60 | |||||||
55 | 99 | 99 | 60 | |||||||
56 | 99 | 99 | 60 | |||||||
57 | 99 | 99 | 60 | |||||||
58 | 99 | 99 | 60 | |||||||
59 | 0 | |||||||||
60 | 99 | 99 | 60 | |||||||
61 | 99 | 99 | 60 | |||||||
62 | 99 | 99 | 60 | |||||||
63 | 99 | 99 | 60 | |||||||
64 | 99 | 99 | 60 | |||||||
65 | 99 | 99 | 60 | |||||||
66 | 99 | 99 | 60 | |||||||
67 | 99 | 99 | 60 | |||||||
68 | 99 | 99 | 60 | |||||||
69 | 99 | 99 | 60 | |||||||
70 | 99 | 99 | 60 | |||||||
71 | 99 | 99 | 60 | |||||||
72 | 99 | 99 | 60 | |||||||
73 | 99 | 99 | 60 | |||||||
74 | 99 | 99 | 60 | |||||||
75 | 99 | 99 | 60 | |||||||
76 | 99 | 99 | 60 | |||||||
77 | 99 | 99 | 60 | |||||||
78 | 99 | 99 | 60 | |||||||
79 | 99 | 99 | 60 |
71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | |
Primary Borrower ID | Number
of Mortgaged Properties |
Total
Number of Borrowers |
Self-employment Flag |
Current
‘Other’ Monthly Payment |
Length
of Employment: Borrower |
Length
of Employment: Co- Borrower |
Years in Home | FICO Model Used | Most
Recent FICO Date | |
1 | 3 | 0 | 4 | 0 | 1 | 9/25/2012 | ||||
2 | 1 | 0 | 0.5 | 0 | 1 | |||||
3 | 2 | 0 | 10 | 8 | 1 | 9/25/2012 | ||||
4 | 311 | 1 | 1 | 22 | 20 | 9 | 1 | |||
5 | 2 | 0 | 8 | 9 | 8 | 1 | 9/25/2012 | |||
6 | 2 | 1 | 14 | 1 | 1 | 1 | 9/25/2012 | |||
7 | 1 | 1 | 10 | 5 | 14 | 1 | 9/25/2012 | |||
8 | 3 | 0 | 1 | 4 | 19 | 1 | 9/25/2012 | |||
9 | 1 | 0 | 1 | 0 | 1 | 9/25/2012 | ||||
10 | 3 | 0 | 2 | 0 | 1 | 9/25/2012 | ||||
11 | 1 | 0 | 2 | 0 | 0 | 1 | 9/25/2012 | |||
12 | 8 | 1 | 25 | 0 | 1 | 9/25/2012 | ||||
13 | 1 | 0 | 0 | 1 | 0 | 1 | 9/25/2012 | |||
14 | 2 | 0 | 9 | 4 | 1 | 1 | 9/25/2012 | |||
15 | 1 | 0 | 7 | 1 | 11 | 1 | 9/25/2012 | |||
16 | 2 | 0 | 9 | 0 | 1 | 9/25/2012 | ||||
17 | 2 | 1 | 9 | 10 | 0 | 1 | 9/25/2012 | |||
18 | 1 | 0 | 1.5 | 16 | 11 | 1 | ||||
19 | 4 | 1 | 18 | 4 | 16 | 1 | 9/25/2012 | |||
20 | 1 | 1 | 55 | 50 | 10 | 1 | 9/25/2012 | |||
21 | 2 | 0 | 11 | 4 | 0 | 1 | 9/25/2012 | |||
22 | 2 | 0 | 7 | 0.75 | 3 | 1 | ||||
23 | 3 | 1 | 7 | 2 | 3 | 1 | 9/25/2012 | |||
24 | 1 | 0 | 5 | 5 | 5 | 1 | 9/25/2012 | |||
25 | 1 | 0 | 0.25 | 5 | 0 | 1 | ||||
26 | 2 | 0 | 7 | 9 | 0 | 1 | 9/25/2012 | |||
27 | 3 | 1 | 6 | 0.6 | 1 | |||||
28 | 3 | 0 | 6 | 20 | 12 | 1 | ||||
29 | 2 | 0 | 3 | 0 | 1 | |||||
30 | 2 | 1 | 12 | 11 | 2 | 1 | ||||
31 | 2 | 0 | 6 | 2 | 0 | 1 | 9/25/2012 | |||
32 | 2 | 0 | 1 | 0 | 0 | 1 | 9/25/2012 | |||
33 | 1 | 0 | 11 | 5 | 1 | |||||
34 | 1 | 0 | 16 | 0 | 1 | 9/25/2012 | ||||
35 | 1 | 0 | 1 | 8 | 0 | 1 | 9/25/2012 | |||
36 | 1 | 0 | 2 | 2 | 2 | 1 | ||||
37 | 2 | 0 | 18 | 0 | 0 | 1 | 9/25/2012 | |||
38 | 1 | 1 | 30 | 30 | 4 | 1 | ||||
39 | 3 | 1 | 5 | 13 | 1 | 1 | ||||
40 | 1 | 0 | 3 | 0 | 1 | |||||
41 | 1 | 1 | 4 | 2 | 0 | 1 | 9/25/2012 | |||
42 | 2 | 0 | 3.5 | 12 | 1 | 1 | ||||
43 | 1 | 0 | 0 | 0 | 1 | |||||
44 | 3 | 1 | 0.75 | 5 | 0 | 1 | ||||
45 | 7 | 1 | 5.5 | 5.5 | 0 | 1 | ||||
46 | 2 | 0 | 2 | 1 | 1 | |||||
47 | 1 | 0 | 0.5 | 7 | 0 | 1 | ||||
48 | 1 | 0 | 4 | 7 | 3 | 1 | ||||
49 | 1 | 1 | 5 | 5 | 0 | 1 | ||||
50 | 2 | 0 | 10 | 0 | 1 | |||||
51 | 1 | 1 | 2.75 | 1 | 0 | 1 | ||||
52 | 4 | 0 | 5 | 12 | 0 | 1 | ||||
53 | 1 | 1 | 9 | 5 | 20 | 1 | ||||
54 | 2 | 0 | 3 | 0 | 1 | |||||
55 | 4 | 1 | 15 | 4 | 14 | 1 | ||||
56 | 1 | 1 | 32 | 0 | 1 | |||||
57 | 1 | 0 | 14 | 4 | 1 | |||||
58 | 1 | 1 | 8 | 8 | 1 | 1 | ||||
59 | 1 | 1 | 6 | 6 | 0 | 1 | ||||
60 | 1 | 0 | 10 | 14 | 1 | |||||
61 | 2 | 1 | 31 | 17 | 10 | 1 | ||||
62 | 1 | 0 | 2 | 0 | 1 | |||||
63 | 2 | 0 | 20 | 5 | 1 | |||||
64 | 2 | 0 | 21 | 0 | 1 | |||||
65 | 1 | 0 | 9 | 0.5 | 6 | 1 | ||||
66 | 2 | 1 | 15 | 0 | 1 | |||||
67 | 1 | 0 | 0 | 19 | 19 | 1 | ||||
68 | 1 | 0 | 16 | 7 | 7 | 1 | ||||
69 | 2 | 0 | 1 | 5 | 0 | 1 | ||||
70 | 3 | 0 | 3 | 4 | 0 | 1 | ||||
71 | 1 | 0 | 6 | 0 | 1 | |||||
72 | 1 | 1 | 2.75 | 1 | 0 | 1 | ||||
73 | 2 | 0 | 12.75 | 0 | 1 | |||||
74 | 1 | 0 | 4 | 3 | 0 | 1 | ||||
75 | 1 | 0 | 12 | 0 | 1 | |||||
76 | 2 | 0 | 0.25 | 0 | 1 | |||||
77 | 1 | 1 | 5 | 0 | 1 | |||||
78 | 1 | 0 | 6 | 0 | 1 | |||||
79 | 2 | 0 | 4 | 0 | 1 |
81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
Primary
Wage Earner Original FICO: Equifax |
Primary
Wage Earner Original FICO: Experian |
Primary
Wage Earner Original FICO: TransUnion |
Secondary
Wage Earner Original FICO: Equifax |
Secondary
Wage Earner Original FICO: Experian |
Secondary
Wage Earner Original FICO: TransUnion |
Original Primary Borrower FICO |
Most
Recent Primary Borrower FICO |
Most
Recent Co- Borrower FICO |
Most
Recent FICO Method | |
1 | 805 | 789 | ||||||||
2 | 791 | |||||||||
3 | 766 | 809 | ||||||||
4 | 797 | |||||||||
5 | 788 | 768 | ||||||||
6 | 724 | 739 | ||||||||
7 | 801 | 791 | ||||||||
8 | 722 | 713 | ||||||||
9 | 790 | 790 | ||||||||
10 | 787 | 729 | ||||||||
11 | 782 | 796 | ||||||||
12 | 783 | 747 | ||||||||
13 | 791 | 797 | ||||||||
14 | 789 | 802 | ||||||||
15 | 744 | 733 | ||||||||
16 | 791 | 804 | ||||||||
17 | 795 | 796 | ||||||||
18 | 822 | |||||||||
19 | 773 | 777 | ||||||||
20 | 791 | 805 | ||||||||
21 | 769 | 748 | ||||||||
22 | 790 | |||||||||
23 | 702 | 706 | ||||||||
24 | 749 | 814 | ||||||||
25 | 762 | |||||||||
26 | 771 | 747 | ||||||||
27 | 773 | |||||||||
28 | 737 | |||||||||
29 | 782 | |||||||||
30 | 795 | |||||||||
31 | 762 | 777 | ||||||||
32 | 793 | 775 | ||||||||
33 | 743 | |||||||||
34 | 711 | 723 | ||||||||
35 | 791 | 767 | ||||||||
36 | 799 | |||||||||
37 | 724 | 721 | ||||||||
38 | 784 | |||||||||
39 | 762 | |||||||||
40 | 704 | |||||||||
41 | 803 | 724 | ||||||||
42 | 732 | |||||||||
43 | 805 | |||||||||
44 | 756 | |||||||||
45 | 742 | |||||||||
46 | 772 | |||||||||
47 | 788 | |||||||||
48 | 794 | |||||||||
49 | 775 | |||||||||
50 | 745 | |||||||||
51 | 810 | |||||||||
52 | 784 | |||||||||
53 | 783 | |||||||||
54 | 780 | |||||||||
55 | 782 | |||||||||
56 | 760 | |||||||||
57 | 774 | |||||||||
58 | 803 | |||||||||
59 | 773 | |||||||||
60 | 797 | |||||||||
61 | 795 | |||||||||
62 | 758 | |||||||||
63 | 777 | |||||||||
64 | 747 | |||||||||
65 | 781 | |||||||||
66 | 729 | |||||||||
67 | 749 | |||||||||
68 | 792 | |||||||||
69 | 783 | |||||||||
70 | 813 | |||||||||
71 | 800 | |||||||||
72 | 797 | |||||||||
73 | 722 | |||||||||
74 | 773 | |||||||||
75 | 746 | |||||||||
76 | 807 | |||||||||
77 | 783 | |||||||||
78 | 793 | |||||||||
79 | 800 |
91 | 92 | 93 | 94 | 95 | 96 | 97 | 98 | 99 | 100 | |
VantageScore: Primary Borrower |
VantageScore:
Co- Borrower |
Most
Recent VantageScore Method |
VantageScore Date | Credit
Report: Longest Trade Line |
Credit
Report: Maximum Trade Line |
Credit
Report: Number of Trade Lines |
Credit
Line Usage Ratio |
Most
Recent 12- month Pay History |
Months Bankruptcy | |
1 | 000000000000 | |||||||||
2 | 000000000000 | |||||||||
3 | 000000000000 | |||||||||
4 | 000000000000 | |||||||||
5 | 000000000000 | |||||||||
6 | 000000000000 | |||||||||
7 | 000000000000 | |||||||||
8 | 000000000000 | |||||||||
9 | 000000000000 | |||||||||
10 | 000000000000 | |||||||||
11 | 000000000000 | |||||||||
12 | 000000000000 | |||||||||
13 | 000000000000 | |||||||||
14 | 000000000000 | |||||||||
15 | 000000000000 | |||||||||
16 | 000000000000 | |||||||||
17 | 000000000000 | |||||||||
18 | 000000000000 | |||||||||
19 | 000000000000 | |||||||||
20 | 000000000000 | |||||||||
21 | 000000000000 | |||||||||
22 | 000000000000 | |||||||||
23 | 000000000000 | |||||||||
24 | 000000000000 | |||||||||
25 | 000000000000 | |||||||||
26 | 000000000000 | |||||||||
27 | 000000000000 | |||||||||
28 | 000000000000 | |||||||||
29 | 000000000000 | |||||||||
30 | 000000000000 | |||||||||
31 | 000000000000 | |||||||||
32 | 000000000000 | |||||||||
33 | 000000000000 | |||||||||
34 | 000000000000 | |||||||||
35 | 000000000000 | |||||||||
36 | 000000000000 | |||||||||
37 | 000000000000 | |||||||||
38 | 000000000000 | |||||||||
39 | 000000000000 | |||||||||
40 | 000000000000 | |||||||||
41 | 000000000000 | |||||||||
42 | 000000000000 | |||||||||
43 | 000000000000 | |||||||||
44 | 000000000000 | |||||||||
45 | 000000000000 | |||||||||
46 | 000000000000 | |||||||||
47 | 000000000000 | |||||||||
48 | 000000000000 | |||||||||
49 | 000000000000 | |||||||||
50 | 000000000000 | |||||||||
51 | 000000000000 | |||||||||
52 | 000000000000 | |||||||||
53 | 000000000000 | |||||||||
54 | 000000000000 | |||||||||
55 | 000000000000 | |||||||||
56 | 000000000000 | |||||||||
57 | 000000000000 | |||||||||
58 | 000000000000 | |||||||||
59 | 000000000000 | |||||||||
60 | 000000000000 | |||||||||
61 | 000000000000 | |||||||||
62 | 000000000000 | |||||||||
63 | 000000000000 | |||||||||
64 | 000000000000 | |||||||||
65 | 000000000000 | |||||||||
66 | 000000000000 | |||||||||
67 | 000000000000 | |||||||||
68 | 000000000000 | |||||||||
69 | 000000000000 | |||||||||
70 | 000000000000 | |||||||||
71 | 000000000000 | |||||||||
72 | 000000000000 | |||||||||
73 | 000000000000 | |||||||||
74 | 000000000000 | |||||||||
75 | 000000000000 | |||||||||
76 | 000000000000 | |||||||||
77 | 000000000000 | |||||||||
78 | 000000000000 | |||||||||
79 | 000000000000 |
101 | 102 | 103 | 104 | 105 | 106 | 107 | 108 | 109 | 110 | |
Months Foreclosure | Primary
Borrower Wage Income |
Co-Borrower
Wage Income |
Primary
Borrower Other Income |
Co-Borrower
Other Income |
All
Borrower Wage Income |
All
Borrower Total Income |
4506-T Indicator | Borrower
Income Verification Level |
Co-Borrower Income Verification | |
1 | 0.00 | 0.00 | 44009.00 | 0.00 | 0.00 | 44009.00 | 0 | 5 | ||
2 | 0.00 | 14583.34 | 0.00 | 14583.34 | 0 | 5 | ||||
3 | 0.00 | 0.00 | 46936.43 | 2745.00 | 0.00 | 49681.43 | 0 | 5 | ||
4 | 0.00 | 0.00 | 48870.00 | 3500.00 | 0.00 | 52370.00 | 0 | 4 | ||
5 | 2987.00 | 16667.00 | 1761.00 | 0.00 | 19654.00 | 21415.00 | 0 | 5 | ||
6 | 0.00 | 0.00 | 26441.67 | 2100.00 | 0.00 | 28541.67 | 0 | 4 | ||
7 | 2117.00 | 0.00 | 0.00 | 6680.00 | 2117.00 | 8797.00 | 0 | 4 | ||
8 | 11007.96 | 11026.50 | -1367.67 | 0.00 | 22034.46 | 20666.79 | 0 | 5 | ||
9 | 19387.50 | 0.00 | 0.00 | 0.00 | 19387.50 | 19387.50 | 0 | 5 | ||
10 | 0.00 | 22046.75 | -2001.25 | 15373.75 | 22046.75 | 35419.25 | 0 | 5 | ||
11 | 11666.67 | 10000.00 | 0.00 | 0.00 | 21666.67 | 21666.67 | 0 | 5 | ||
12 | 0.00 | 23951.00 | 0.00 | 23951.00 | 0 | 4 | ||||
13 | 0.00 | 0.00 | 9166.67 | 7083.34 | 0.00 | 16250.01 | 0 | 5 | ||
14 | 0.00 | 0.00 | 25293.34 | 8000.00 | 0.00 | 33293.34 | 0 | 5 | ||
15 | 38263.00 | 0.00 | 0.00 | 0.00 | 38263.00 | 38263.00 | 0 | 5 | ||
16 | 0.00 | 0.00 | 28021.25 | 0.00 | 0.00 | 28021.25 | 0 | 5 | ||
17 | 0.00 | 0.00 | 18815.67 | 10036.00 | 0.00 | 28851.67 | 0 | 4 | ||
18 | 7944.00 | 3714.53 | 0.00 | 0.00 | 11658.53 | 11658.53 | 0 | 5 | ||
19 | 0.00 | 0.00 | 35108.25 | 0.00 | 0.00 | 35108.25 | 0 | 4 | ||
20 | 0.00 | 0.00 | 13854.54 | 2373.58 | 0.00 | 16228.12 | 0 | 4 | ||
21 | 13693.78 | 11670.47 | 0.00 | 0.00 | 25364.25 | 25364.25 | 0 | 5 | ||
22 | 0.00 | 0.00 | 12051.39 | 11956.87 | 0.00 | 24008.26 | 0 | 5 | ||
23 | 12967.00 | 0.00 | 3955.34 | 0.00 | 12967.00 | 16922.34 | 0 | 4 | ||
24 | 0.00 | 0.00 | 19122.00 | 23408.00 | 0.00 | 42530.00 | 0 | 5 | ||
25 | 9583.34 | 9583.34 | 0.00 | 0.00 | 19166.68 | 19166.68 | 0 | 5 | ||
26 | 21412.30 | 10789.00 | 0.00 | 0.00 | 32201.30 | 32201.30 | 0 | 5 | ||
27 | 0.00 | 83333.00 | 0.00 | 83333.00 | 0 | 4 | ||||
28 | 0.00 | 0.00 | 29375.00 | 3197.00 | 0.00 | 32572.00 | 0 | 5 | ||
29 | 0.00 | 0.00 | 37500.00 | 0.00 | 0.00 | 37500.00 | 0 | 5 | ||
30 | 0.00 | 0.00 | 0.00 | 41517.17 | 0.00 | 41517.17 | 0 | 4 | ||
31 | 25000.00 | 15000.00 | 0.00 | 0.00 | 40000.00 | 40000.00 | 0 | 5 | ||
32 | 20000.00 | 12083.34 | 0.00 | 0.00 | 32083.34 | 32083.34 | 0 | 5 | ||
33 | 25000.00 | 0.00 | 25000.00 | 25000.00 | 0 | 5 | ||||
34 | 62031.26 | 1135.25 | 62031.26 | 63166.51 | 0 | 5 | ||||
35 | 0.00 | 0.00 | 13750.00 | 11398.14 | 0.00 | 25148.14 | 0 | 5 | ||
36 | 0.00 | 0.00 | 41872.00 | 5724.00 | 0.00 | 47596.00 | 0 | 5 | ||
37 | 13333.33 | 0.00 | 2315.75 | 0.00 | 13333.33 | 15649.08 | 0 | 5 | ||
38 | 0.00 | 0.00 | 19750.00 | 7466.00 | 0.00 | 27216.00 | 0 | 4 | ||
39 | 0.00 | 0.00 | 11926.00 | 8650.00 | 0.00 | 20576.00 | 0 | 4 | ||
40 | 10000.00 | 12980.11 | 10000.00 | 22980.11 | 0 | 5 | ||||
41 | 0.00 | 0.00 | 15600.00 | 9583.34 | 0.00 | 25183.34 | 0 | 4 | ||
42 | 10851.62 | 11844.99 | 15091.24 | 0.00 | 22696.61 | 37787.85 | 0 | 5 | ||
43 | 0.00 | 17682.45 | 0.00 | 17682.45 | 0 | 5 | ||||
44 | 0.00 | 0.00 | 29279.50 | 12987.59 | 0.00 | 42267.09 | 0 | 4 | ||
45 | 0.00 | 0.00 | 87876.00 | 0.00 | 0.00 | 87876.00 | 0 | 4 | ||
46 | 12714.00 | 0.00 | 0.00 | 0.00 | 12714.00 | 12714.00 | 0 | 5 | ||
47 | 0.00 | 0.00 | 10000.00 | 20000.00 | 0.00 | 30000.00 | 0 | 5 | ||
48 | 14166.00 | 7225.00 | 418.00 | 2900.00 | 21391.00 | 24709.00 | 0 | 5 | ||
49 | 0.00 | 0.00 | 5000.00 | 16666.00 | 0.00 | 21666.00 | 0 | 4 | ||
50 | 0.00 | 0.00 | 12083.00 | 0.00 | 0.00 | 26666.00 | 0 | 5 | ||
51 | 20098.42 | 8334.52 | 0.00 | 0.00 | 28432.94 | 28432.94 | 0 | 4 | ||
52 | 0.00 | 0.00 | 26663.67 | 0.00 | 0.00 | 26663.67 | 0 | 5 | ||
53 | 0.00 | 0.00 | 23813.00 | 1851.00 | 0.00 | 25664.00 | 0 | 4 | ||
54 | 0.00 | 0.00 | 38050.00 | 0.00 | 0.00 | 38050.00 | 0 | 5 | ||
55 | 28933.92 | 1236.13 | 0.00 | 0.00 | 30170.05 | 30170.05 | 0 | 4 | ||
56 | 0.00 | 68559.00 | 0.00 | 68559.00 | 0 | 4 | ||||
57 | 14824.00 | 0.00 | 4310.00 | 0.00 | 14824.00 | 19134.00 | 0 | 5 | ||
58 | 0.00 | 6357.50 | 8935.00 | 0.00 | 6357.50 | 15292.50 | 0 | 4 | ||
59 | 20000.00 | 5000.00 | 0.00 | 0.00 | 25000.00 | 25000.00 | 0 | 4 | ||
60 | 0.00 | 0.00 | 27708.00 | 0.00 | 0.00 | 27708.00 | 0 | 5 | ||
61 | 27313.00 | 0.00 | 25030.53 | 0.00 | 27313.00 | 52343.53 | 0 | 4 | ||
62 | 19195.46 | 0.00 | 981.54 | 0.00 | 19195.46 | 20177.00 | 0 | 5 | ||
63 | 20776.00 | 0.00 | 23912.36 | 0.00 | 20776.00 | 44688.36 | 0 | 5 | ||
64 | 26250.00 | 0.00 | 43600.00 | 0.00 | 26250.00 | 69850.00 | 0 | 5 | ||
65 | 10416.00 | 3055.00 | 0.00 | 0.00 | 13471.00 | 13471.00 | 0 | 5 | ||
66 | 0.00 | 0.00 | 66500.00 | 0.00 | 0.00 | 66500.00 | 0 | 4 | ||
67 | 0.00 | 38175.82 | 0.00 | 9071.00 | 38175.82 | 47246.82 | 0 | 5 | ||
68 | 14610.27 | 10370.69 | 0.00 | 0.00 | 24980.96 | 24980.96 | 0 | 5 | ||
69 | 0.00 | 0.00 | 13333.34 | 9999.99 | 0.00 | 23333.33 | 0 | 5 | ||
70 | 0.00 | 0.00 | 6484.00 | 15416.00 | 0.00 | 21900.00 | 0 | 5 | ||
71 | 19460.00 | 0.00 | 0.00 | 0.00 | 19460.00 | 19460.00 | 0 | 5 | ||
72 | 13306.38 | 10333.34 | 0.00 | 0.00 | 23639.72 | 23639.72 | 0 | 4 | ||
73 | 0.00 | 0.00 | 131951.83 | 0.00 | 0.00 | 131951.83 | 0 | 5 | ||
74 | 0.00 | 0.00 | 35102.33 | 0.00 | 0.00 | 35102.33 | 0 | 5 | ||
75 | 0.00 | 0.00 | 52919.00 | 0.00 | 0.00 | 52919.00 | 0 | 5 | ||
76 | 0.00 | 18333.34 | 0.00 | 18333.34 | 0 | 5 | ||||
77 | 0.00 | 0.00 | 23237.00 | 0.00 | 0.00 | 23237.00 | 0 | 4 | ||
78 | 0.00 | 0.00 | 24000.00 | 0.00 | 0.00 | 24000.00 | 0 | 5 | ||
79 | 43209.33 | 0.00 | 43209.33 | 43209.33 | 0 | 5 |
111 | 112 | 113 | 114 | 115 | 116 | 117 | 118 | 119 | 120 | |
Borrower Employment Verification |
Co-Borrower Employment Verification |
Borrower
Asset Verification |
Co-Borrower
Asset Verification |
Liquid
/ Cash Reserves |
Monthly
Debt All Borrowers |
Originator DTI | Fully Indexed Rate | Qualification Method |
Percentage
of Down Payment from Borrower Own Funds | |
1 | 2 | 4 | 4100125.00 | 8130.09 | 0.1847 | 0 | ||||
2 | 2 | 4 | 458854.00 | 6848.34 | 0.4696 | 0 | ||||
3 | 2 | 4 | 338079.94 | 8879.21 | 0.1787 | |||||
4 | 2 | 4 | 1466252.65 | 8436.81 | 0.1611 | |||||
5 | 2 | 4 | 390247.30 | 9493.27 | 0.4433 | |||||
6 | 2 | 4 | 698354.70 | 5959.50 | 0.2088 | |||||
7 | 2 | 4 | 1155150.00 | 4399.38 | 0.5001 | |||||
8 | 2 | 4 | 629930.29 | 5934.45 | 0.2871 | |||||
9 | 2 | 4 | 360330.49 | 8507.95 | 0.4388 | 100 | ||||
10 | 2 | 4 | 765244.79 | 15030.62 | 0.4244 | 100 | ||||
11 | 2 | 4 | 589623.44 | 3430.70 | 0.1583 | 100 | ||||
12 | 2 | 4 | 186472.68 | 6852.43 | 0.2861 | 0 | ||||
13 | 2 | 4 | 227812.58 | 5933.46 | 0.3651 | 0 | ||||
14 | 2 | 4 | 861662.00 | 10252.35 | 0.3079 | |||||
15 | 2 | 4 | 1602570.98 | 8773.71 | 0.2293 | |||||
16 | 2 | 4 | 701183.70 | 7638.59 | 0.2726 | 0 | ||||
17 | 2 | 4 | 549830.00 | 7510.67 | 0.2603 | 0 | ||||
18 | 2 | 4 | 206580.53 | 3926.59 | 0.3368 | |||||
19 | 2 | 4 | 1214216.00 | 12939.43 | 0.3686 | |||||
20 | 2 | 4 | 5731108.00 | 6579.37 | 0.4054 | |||||
21 | 2 | 4 | 220218.02 | 5836.34 | 0.2301 | 100 | ||||
22 | 2 | 4 | 322170.00 | 7826.69 | 0.3260 | |||||
23 | 2 | 4 | 131881.29 | 7608.28 | 0.4496 | |||||
24 | 2 | 4 | 501562.00 | 17112.63 | 0.4024 | |||||
25 | 2 | 4 | 69847.36 | 6365.25 | 0.3321 | 100 | ||||
26 | 2 | 4 | 826852.24 | 7494.79 | 0.2327 | 100 | ||||
27 | 2 | 4 | 1368424.05 | 11983.29 | 0.1438 | |||||
28 | 2 | 4 | 971568.47 | 15538.93 | 0.4771 | |||||
29 | 2 | 4 | 451524.42 | 13850.14 | 0.3693 | |||||
30 | 2 | 4 | 1507588.70 | 11363.42 | 0.2737 | |||||
31 | 2 | 4 | 1249500.77 | 10052.44 | 0.2513 | 100 | ||||
32 | 2 | 4 | 109537.56 | 12214.13 | 0.3807 | 100 | ||||
33 | 2 | 4 | 233607.93 | 7781.48 | 0.3113 | |||||
34 | 2 | 4 | 536941.53 | 24022.22 | 0.3803 | 100 | ||||
35 | 2 | 4 | 282122.57 | 9191.65 | 0.3655 | 0 | ||||
36 | 2 | 4 | 634511.17 | 6696.76 | 0.1407 | |||||
37 | 2 | 4 | 280259.44 | 6799.53 | 0.4345 | 100 | ||||
38 | 2 | 4 | 3111551.22 | 9759.66 | 0.3586 | |||||
39 | 2 | 4 | 109192.00 | 9135.74 | 0.4440 | |||||
40 | 2 | 4 | 448036.34 | 8564.69 | 0.3727 | 100 | ||||
41 | 2 | 4 | 576045.96 | 5603.54 | 0.2225 | 0 | ||||
42 | 2 | 4 | 227329.45 | 9254.24 | 0.2449 | |||||
43 | 2 | 4 | 3986172.00 | 7923.51 | 0.4481 | 0 | ||||
44 | 2 | 4 | 1780701.99 | 13893.19 | 0.3287 | 0 | ||||
45 | 2 | 4 | 8157849.82 | 24447.10 | 0.2782 | |||||
46 | 2 | 4 | 307702.80 | 5081.16 | 0.3997 | |||||
47 | 2 | 4 | 468550.68 | 11067.00 | 0.3689 | 0 | ||||
48 | 2 | 4 | 625050.31 | 6374.21 | 0.2580 | |||||
49 | 2 | 4 | 283037.35 | 6146.12 | 0.2837 | 0 | ||||
50 | 2 | 4 | 616188.53 | 9060.15 | 0.3398 | 0 | ||||
51 | 2 | 4 | 211781.56 | 7853.12 | 0.2762 | 100 | ||||
52 | 2 | 4 | 558909.86 | 11549.96 | 0.4332 | |||||
53 | 2 | 4 | 224304.00 | 8485.42 | 0.3306 | |||||
54 | 2 | 4 | 48419.62 | 9633.92 | 0.2532 | 0 | ||||
55 | 2 | 4 | 119416.25 | 12530.13 | 0.4153 | |||||
56 | 2 | 4 | 188569.41 | 8604.36 | 0.1255 | |||||
57 | 2 | 4 | 287621.00 | 5104.55 | 0.2668 | |||||
58 | 2 | 4 | 499528.76 | 6106.40 | 0.3993 | |||||
59 | 2 | 4 | 316970.70 | 7127.90 | 0.2851 | 100 | ||||
60 | 2 | 4 | 249389.07 | 4645.05 | 0.1676 | |||||
61 | 2 | 4 | 3921105.28 | 8110.37 | 0.1549 | |||||
62 | 2 | 4 | 908088.44 | 6802.05 | 0.3371 | 100 | ||||
63 | 2 | 4 | 149136.01 | 11981.66 | 0.2681 | |||||
64 | 2 | 4 | 1916280.53 | 17651.44 | 0.2527 | 100 | ||||
65 | 2 | 4 | 874547.60 | 5042.72 | 0.3743 | |||||
66 | 2 | 4 | 483850.71 | 22256.82 | 0.3347 | 0 | ||||
67 | 2 | 4 | 975320.57 | 6597.07 | 0.1396 | |||||
68 | 2 | 4 | 677781.55 | 7040.96 | 0.2819 | |||||
69 | 2 | 4 | 299391.70 | 9755.78 | 0.4181 | 0 | ||||
70 | 2 | 4 | 306390.88 | 7891.73 | 0.3604 | |||||
71 | 2 | 4 | 44680.91 | 7605.14 | 0.3908 | 100 | ||||
72 | 2 | 4 | 741620.50 | 6428.42 | 0.2719 | 100 | ||||
73 | 2 | 4 | 1189480.00 | 14969.14 | 0.1134 | 0 | ||||
74 | 2 | 4 | 374101.00 | 7920.07 | 0.2256 | 0 | ||||
75 | 2 | 4 | 660076.51 | 9917.23 | 0.1874 | 0 | ||||
76 | 2 | 4 | 792750.00 | 5497.44 | 0.2999 | 0 | ||||
77 | 2 | 4 | 2565771.00 | 7776.15 | 0.3346 | 0 | ||||
78 | 2 | 4 | 142048.80 | 7496.69 | 0.3124 | 0 | ||||
79 | 2 | 4 | 258137.00 | 9650.59 | 0.2233 | 100 |
121 | 122 | 123 | 124 | 125 | 126 | 127 | 128 | 129 | 130 | |
City | State | Postal Code | Property Type | Occupancy | Sales Price | Original
Appraised Property Value |
Original
Property Valuation Type |
Original
Property Valuation Date |
Original
Automated Valuation Model (AVM) Model Name | |
1 | SAN FRANCISCO | CA | 94114 | 14 | 1 | 1560000.00 | 1605000.00 | 3 | 20120319 | |
2 | SAN FRANCISCO | CA | 94110 | 1 | 1 | 1350000.00 | 1350000.00 | 3 | 20120423 | |
3 | San Francisco | CA | 94109 | 2 | 1 | 1800000.00 | 3 | 20120202 | ||
4 | Hillsborough | CA | 94010 | 1 | 1 | 2500000.00 | 3 | 20120201 | ||
5 | SAN FRANCISCO | CA | 94114 | 1 | 1 | 2200000.00 | 3 | 20120131 | ||
6 | SAN FRANCISCO | CA | 94114 | 1 | 1 | 1725000.00 | 3 | 20120224 | ||
7 | SAN FRANCISCO | CA | 94109 | 2 | 1 | 1850000.00 | 3 | 20120416 | ||
8 | SAN CARLOS | CA | 94070 | 1 | 1 | 1050000.00 | 3 | 20120306 | ||
9 | MILL VALLEY | CA | 94941 | 1 | 1 | 1750000.00 | 1750000.00 | 3 | 20120326 | |
10 | ALAMO | CA | 94507 | 1 | 1 | 1500000.00 | 1530000.00 | 3 | 20120224 | |
11 | SAN FRANCISCO | CA | 94122 | 1 | 1 | 821000.00 | 821000.00 | 3 | 20120223 | |
12 | SAN FRANCISCO | CA | 94110 | 13 | 3 | 855000.00 | 855000.00 | 3 | 20120228 | |
13 | SAN FRANCISCO | CA | 94121 | 1 | 1 | 1125000.00 | 1125000.00 | 3 | 20120305 | |
14 | Mill Valley | CA | 94941 | 1 | 1 | 1325000.00 | 3 | 20120328 | ||
15 | BELVEDERE | CA | 94920 | 1 | 1 | 2850000.00 | 3 | 20120328 | ||
16 | Lafayette | CA | 94549 | 1 | 1 | 1475000.00 | 1475000.00 | 3 | 20120308 | |
17 | SAN FRANCISCO | CA | 94123 | 13 | 1 | 1620000.00 | 1620000.00 | 3 | 20120307 | |
18 | SAN FRANCISCO | CA | 94131 | 1 | 1 | 1950000.00 | 3 | 20120424 | ||
19 | SAN FRANCISCO | CA | 94122 | 1 | 3 | 1550000.00 | 3 | 20120323 | ||
20 | MILL VALLEY | CA | 94941 | 3 | 1 | 1160000.00 | 3 | 20120402 | ||
21 | SAN FRANCISCO | CA | 94122 | 1 | 1 | 1050000.00 | 1050000.00 | 3 | 20120314 | |
22 | SAN FRANCISCO | CA | 94115 | 3 | 1 | 1430000.00 | 3 | 20120413 | ||
23 | SAN FRANCISCO | CA | 94114 | 1 | 1 | 1850000.00 | 3 | 20120410 | ||
24 | MENLO PARK | CA | 94025 | 1 | 1 | 1100000.00 | 3 | 20120402 | ||
25 | TIBURON | CA | 94920 | 1 | 1 | 1195000.00 | 1195000.00 | 3 | 20120326 | |
26 | SAN FRANCSICO | CA | 94109 | 3 | 1 | 1200000.00 | 1210000.00 | 3 | 20120323 | |
27 | SAN MATEO | CA | 94402 | 1 | 1 | 1700000.00 | 3 | 20120404 | ||
28 | SAN FRANCISCO | CA | 94118 | 1 | 1 | 2000000.00 | 3 | 20120427 | ||
29 | GROTON | CT | 06340 | 1 | 2 | 980000.00 | 3 | 20120414 | ||
30 | Orinda | CA | 94563 | 1 | 1 | 1700000.00 | 3 | 20120413 | ||
31 | SAN FRANCISCO | CA | 94115 | 3 | 1 | 1342000.00 | 1350000.00 | 3 | 20120403 | |
32 | PIEDMONT | CA | 94611 | 1 | 1 | 1400000.00 | 1400000.00 | 3 | 20120402 | |
33 | SAN FRANCISCO | CA | 94116 | 1 | 1 | 1400000.00 | 3 | 20120416 | ||
34 | SAN FRANCISCO | CA | 94127 | 1 | 1 | 1760000.00 | 1765000.00 | 3 | 20120413 | |
35 | MENLO PARK | CA | 94025 | 1 | 1 | 1705000.00 | 1705000.00 | 3 | 20120411 | |
36 | Alamo | CA | 94507 | 1 | 1 | 1800000.00 | 3 | 20120518 | ||
37 | SAN FRANCISCO | CA | 94109 | 3 | 1 | 1095000.00 | 1095000.00 | 3 | 20120410 | |
38 | San Francisco | CA | 94123 | 3 | 1 | 3500000.00 | 3 | 20120521 | ||
39 | Alamo | CA | 94507 | 1 | 1 | 1600000.00 | 3 | 20120515 | ||
40 | GREENBRAE | CA | 94904 | 1 | 1 | 1495000.00 | 1495000.00 | 3 | 20120420 | |
41 | SAN FRANCISCO | CA | 94108 | 4 | 1 | 850000.00 | 850000.00 | 3 | 20120416 | |
42 | PIEDMONT | CA | 94611 | 1 | 1 | 1950000.00 | 3 | 20120518 | ||
43 | TIBURON | CA | 94920 | 1 | 1 | 1700000.00 | 1700000.00 | 3 | 20120423 | |
44 | HILLSBOROUGH | CA | 94010 | 1 | 1 | 2820000.00 | 2850000.00 | 3 | 20120427 | |
45 | BOSTON | MA | 02135 | 14 | 3 | 1300000.00 | 3 | 20120501 | ||
46 | BURLINGAME | CA | 94010 | 1 | 1 | 1100000.00 | 3 | 20120523 | ||
47 | MENLO PARK | CA | 94025 | 1 | 1 | 2100000.00 | 2100000.00 | 3 | 20120424 | |
48 | SAN MARTIN | CA | 95046 | 1 | 1 | 1000000.00 | 3 | 20120524 | ||
49 | New York | NY | 10024 | 2 | 1 | 985000.00 | 985000.00 | 3 | 20120522 | |
50 | ALAMO | CA | 94507 | 1 | 1 | 1078000.00 | 1078000.00 | 3 | 20120526 | |
51 | SAN FRANCISCO | CA | 94118 | 1 | 1 | 1217531.00 | 1200000.00 | 3 | 20120605 | |
52 | CAMBRIDGE | MA | 02138 | 13 | 3 | 1050000.00 | 3 | 20120625 | ||
53 | LOS ANGELES | CA | 90004 | 1 | 1 | 2200000.00 | 3 | 20120613 | ||
54 | DANVILLE | CA | 94526 | 7 | 1 | 1850000.00 | 1850000.00 | 3 | 20120611 | |
55 | NAPA | CA | 94558 | 1 | 1 | 2400000.00 | 3 | 20120622 | ||
56 | LOS ANGELES ENCINO AREA | CA | 91316 | 1 | 1 | 2000000.00 | 3 | 20120705 | ||
57 | LAFAYETTE | CA | 94549 | 1 | 1 | 1200000.00 | 3 | 20120625 | ||
58 | MANHATTAN BEACH | CA | 90266 | 1 | 1 | 2100000.00 | 3 | 20120702 | ||
59 | SAN RAFAEL | CA | 94903 | 1 | 1 | 1010000.00 | 1010000.00 | 3 | 20120628 | |
60 | Pacific Grove | CA | 93950 | 1 | 1 | 1200000.00 | 3 | 20120703 | ||
61 | SANTA BARBARA | CA | 93103 | 1 | 1 | 3300000.00 | 3 | 20120711 | ||
62 | DANVILLE | CA | 94506 | 6 | 1 | 1695000.00 | 1695000.00 | 3 | 20120626 | |
63 | WELLESLEY | MA | 02481 | 1 | 1 | 2575000.00 | 3 | 20120710 | ||
64 | PALO ALTO | CA | 94301 | 13 | 3 | 2445000.00 | 2445000.00 | 3 | 20120626 | |
65 | MILL VALLEY | CA | 94941 | 1 | 1 | 1250000.00 | 3 | 20120706 | ||
66 | BOSTON | MA | 02109 | 4 | 1 | 1800000.00 | 1825000.00 | 3 | 20120710 | |
67 | HALF MOON BAY | CA | 94019 | 1 | 1 | 1150000.00 | 3 | 20120716 | ||
68 | MILL VALLEY | CA | 94941 | 1 | 1 | 1350000.00 | 3 | 20120706 | ||
69 | HINGHAM | MA | 02043 | 1 | 1 | 1150000.00 | 1150000.00 | 3 | 20120711 | |
70 | MONTAUK | NY | 11954 | 1 | 2 | 825000.00 | 3 | 20120726 | ||
71 | LOS ANGELES | CA | 90046 | 1 | 1 | 1475000.00 | 1475000.00 | 3 | 20120710 | |
72 | SAN FRANCISCO | CA | 94131 | 1 | 1 | 1580000.00 | 1580000.00 | 3 | 20120705 | |
73 | PORTOLA VALLEY | CA | 94028 | 1 | 1 | 2895000.00 | 2895000.00 | 3 | 20120712 | |
74 | NEWPORT BEACH | CA | 92657 | 7 | 1 | 1170000.00 | 1170000.00 | 3 | 20120711 | |
75 | DARIEN | CT | 06820 | 1 | 1 | 2585000.00 | 2585000.00 | 3 | 20120808 | |
76 | SAN FRANCISCO | CA | 94131 | 1 | 1 | 1250000.00 | 1250000.00 | 3 | 20120727 | |
77 | SAN FRANCISCO | CA | 94118 | 1 | 1 | 2200000.00 | 2200000.00 | 3 | 20120727 | |
78 | SARATOGA | CA | 95070 | 1 | 1 | 1650000.00 | 1650000.00 | 3 | 20120801 | |
79 | DARIEN | CT | 06820 | 1 | 1 | 1925000.00 | 1925000.00 | 3 | 20120814 |
131 | 132 | 133 | 134 | 135 | 136 | 137 | 138 | 139 | 140 | |
Original
AVM Confidence Score |
Most
Recent Property Value2 |
Most
Recent Property Valuation Type |
Most
Recent Property Valuation Date |
Most
Recent AVM Model Name |
Most
Recent AVM Confidence Score |
Original CLTV | Original LTV | Original
Pledged Assets |
Mortgage
Insurance Company Name | |
1 | 0.8000 | 0.8000 | 0 | 0 | ||||||
2 | 0.7000 | 0.7000 | 0 | 0 | ||||||
3 | 0.5866 | 0.5866 | 0 | 0 | ||||||
4 | 0.5700 | 0.3700 | 0 | 0 | ||||||
5 | 0.6977 | 0.6522 | 0 | 0 | ||||||
6 | 0.4637 | 0.4637 | 0 | 0 | ||||||
7 | 0.2837 | 0.2837 | 0 | 0 | ||||||
8 | 0.7500 | 0.7333 | 0 | 0 | ||||||
9 | 0.6285 | 0.5142 | 0 | 0 | ||||||
10 | 0.6666 | 0.6666 | 0 | 0 | ||||||
11 | 0.8000 | 0.8000 | 0 | 0 | ||||||
12 | 0.7000 | 0.7000 | 0 | 0 | ||||||
13 | 0.8000 | 0.8000 | 0 | 0 | ||||||
14 | 0.6188 | 0.6188 | 0 | 0 | ||||||
15 | 0.3764 | 0.3063 | 0 | 0 | ||||||
16 | 0.7457 | 0.7457 | 0 | 0 | ||||||
17 | 0.8000 | 0.8000 | 0 | 0 | ||||||
18 | 0.3769 | 0.3769 | 0 | 0 | ||||||
19 | 0.5808 | 0.5808 | 0 | 0 | ||||||
20 | 0.7379 | 0.7379 | 0 | 0 | ||||||
21 | 0.8000 | 0.8000 | 0 | 0 | ||||||
22 | 0.7132 | 0.6293 | 0 | 0 | ||||||
23 | 0.4648 | 0.3837 | 0 | 0 | ||||||
24 | 0.6545 | 0.6545 | 0 | 0 | ||||||
25 | 0.8000 | 0.8000 | 0 | 0 | ||||||
26 | 0.8000 | 0.8000 | 0 | 0 | ||||||
27 | 0.6470 | 0.6470 | 0 | 0 | ||||||
28 | 0.6450 | 0.6450 | 0 | 0 | ||||||
29 | 0.6938 | 0.6938 | 0 | 0 | ||||||
30 | 0.7288 | 0.6700 | 0 | 0 | ||||||
31 | 0.8000 | 0.8000 | 0 | 0 | ||||||
32 | 0.8000 | 0.8000 | 0 | 0 | ||||||
33 | 0.8000 | 0.8000 | 0 | 0 | ||||||
34 | 0.8000 | 0.5454 | 0 | 0 | ||||||
35 | 0.8000 | 0.8000 | 0 | 0 | ||||||
36 | 0.5000 | 0.4444 | 0 | 0 | ||||||
37 | 0.7500 | 0.7500 | 0 | 0 | ||||||
38 | 0.3142 | 0.3142 | 0 | 0 | ||||||
39 | 0.6718 | 0.6718 | 0 | 0 | ||||||
40 | 0.8000 | 0.8000 | 0 | 0 | ||||||
41 | 0.8000 | 0.8000 | 0 | 0 | ||||||
42 | 0.5384 | 0.4871 | 0 | 0 | ||||||
43 | 0.7058 | 0.7058 | 0 | 0 | ||||||
44 | 0.7500 | 0.7500 | 0 | 0 | ||||||
45 | 0.6230 | 0.6230 | 0 | 0 | ||||||
46 | 0.6500 | 0.6500 | 0 | 0 | ||||||
47 | 0.8000 | 0.8000 | 0 | 0 | ||||||
48 | 0.7100 | 0.7100 | 0 | 0 | ||||||
49 | 0.8000 | 0.8000 | 0 | 0 | ||||||
50 | 0.8000 | 0.8000 | 0 | 0 | ||||||
51 | 0.8000 | 0.8000 | 0 | 0 | ||||||
52 | 0.6000 | 0.5257 | 0 | 0 | ||||||
53 | 0.5068 | 0.3931 | 0 | 0 | ||||||
54 | 0.8000 | 0.8000 | 0 | 0 | ||||||
55 | 0.6197 | 0.4114 | 0 | 0 | ||||||
56 | 0.4300 | 0.4300 | 0 | 0 | ||||||
57 | 0.6375 | 0.6375 | 0 | 0 | ||||||
58 | 0.3442 | 0.3442 | 0 | 0 | ||||||
59 | 0.8000 | 0.8000 | 0 | 0 | ||||||
60 | 0.8000 | 0.8000 | 0 | 0 | ||||||
61 | 0.3030 | 0.3030 | 0 | 0 | ||||||
62 | 0.7728 | 0.7728 | 0 | 0 | ||||||
63 | 0.6213 | 0.6213 | 0 | 0 | ||||||
64 | 0.6000 | 0.6000 | 0 | 0 | ||||||
65 | 0.5680 | 0.5680 | 0 | 0 | ||||||
66 | 0.6000 | 0.6000 | 0 | 0 | ||||||
67 | 0.7043 | 0.7043 | 0 | 0 | ||||||
68 | 0.7125 | 0.7125 | 0 | 0 | ||||||
69 | 0.8000 | 0.8000 | 0 | 0 | ||||||
70 | 0.5666 | 0.5666 | 0 | 0 | ||||||
71 | 0.8000 | 0.8000 | 0 | 0 | ||||||
72 | 0.6329 | 0.6329 | 0 | 0 | ||||||
73 | 0.6908 | 0.3454 | 0 | 0 | ||||||
74 | 0.8000 | 0.8000 | 0 | 0 | ||||||
75 | 0.7500 | 0.7500 | 0 | 0 | ||||||
76 | 0.6800 | 0.6800 | 0 | 0 | ||||||
77 | 0.5681 | 0.5681 | 0 | 0 | ||||||
78 | 0.7121 | 0.7121 | 0 | 0 | ||||||
79 | 0.7500 | 0.7500 | 0 | 0 |
141 | 142 | 143 | 144 | 145 | 146 | 147 | 148 | 149 | 150 | |
Mortgage
Insurance Percent |
MI:
Lender or Borrower Paid? |
Pool
Insurance Co. Name |
Pool
Insurance Stop Loss % |
MI
Certificate Number |
Updated
DTI (Front-end) |
Updated
DTI (Back-end) |
Modification Effective Payment Date |
Total
Capitalized Amount |
Total
Deferred Amount | |
1 | 0 | |||||||||
2 | 0 | |||||||||
3 | 0 | |||||||||
4 | 0 | |||||||||
5 | 0 | |||||||||
6 | 0 | |||||||||
7 | 0 | |||||||||
8 | 0 | |||||||||
9 | 0 | |||||||||
10 | 0 | |||||||||
11 | 0 | |||||||||
12 | 0 | |||||||||
13 | 0 | |||||||||
14 | 0 | |||||||||
15 | 0 | |||||||||
16 | 0 | |||||||||
17 | 0 | |||||||||
18 | 0 | |||||||||
19 | 0 | |||||||||
20 | 0 | |||||||||
21 | 0 | |||||||||
22 | 0 | |||||||||
23 | 0 | |||||||||
24 | 0 | |||||||||
25 | 0 | |||||||||
26 | 0 | |||||||||
27 | 0 | |||||||||
28 | 0 | |||||||||
29 | 0 | |||||||||
30 | 0 | |||||||||
31 | 0 | |||||||||
32 | 0 | |||||||||
33 | 0 | |||||||||
34 | 0 | |||||||||
35 | 0 | |||||||||
36 | 0 | |||||||||
37 | 0 | |||||||||
38 | 0 | |||||||||
39 | 0 | |||||||||
40 | 0 | |||||||||
41 | 0 | |||||||||
42 | 0 | |||||||||
43 | 0 | |||||||||
44 | 0 | |||||||||
45 | 0 | |||||||||
46 | 0 | |||||||||
47 | 0 | |||||||||
48 | 0 | |||||||||
49 | 0 | |||||||||
50 | 0 | |||||||||
51 | 0 | |||||||||
52 | 0 | |||||||||
53 | 0 | |||||||||
54 | 0 | |||||||||
55 | 0 | |||||||||
56 | 0 | |||||||||
57 | 0 | |||||||||
58 | 0 | |||||||||
59 | 0 | |||||||||
60 | 0 | |||||||||
61 | 0 | |||||||||
62 | 0 | |||||||||
63 | 0 | |||||||||
64 | 0 | |||||||||
65 | 0 | |||||||||
66 | 0 | |||||||||
67 | 0 | |||||||||
68 | 0 | |||||||||
69 | 0 | |||||||||
70 | 0 | |||||||||
71 | 0 | |||||||||
72 | 0 | |||||||||
73 | 0 | |||||||||
74 | 0 | |||||||||
75 | 0 | |||||||||
76 | 0 | |||||||||
77 | 0 | |||||||||
78 | 0 | |||||||||
79 | 0 |
151 | 152 | 153 | 154 | 155 | 156 | 157 | 158 | 159 | 160 | |
Pre-Modification Interest (Note) Rate |
Pre-Modification
P&I Payment |
Pre-Modification Initial Interest Rate Change Downward Cap |
Pre-Modification Subsequent Interest Rate Cap |
Pre-Modification Next Interest Rate Change Date |
Pre-Modification
I/O Term |
Forgiven
Principal Amount |
Forgiven
Interest Amount |
Number
of Modifications |
Cash To/From Brrw at Closing | |
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78 | ||||||||||
79 |
161 | 162 | 163 | 164 | 165 | 166 | 167 | |
Brrw - Yrs at in Industry | CoBrrw - Yrs at in Industry | Junior Mortgage Drawn Amount | Maturity Date | Primary Borrower Wage Income (Salary) | Primary Borrower Wage Income (Bonus) | Primary Borrower Wage Income (Commission) | |
1 | 25 | 0.00 | 20420501 | 0.00 | 0.00 | 0.00 | |
2 | 0.5 | 0.00 | 20420601 | 0.00 | 0.00 | 0.00 | |
3 | 44 | 0.00 | 20420401 | 0.00 | 0.00 | 0.00 | |
4 | 22 | 20 | 0.00 | 20420701 | 0.00 | 0.00 | 0.00 |
5 | 8 | 11 | 100000.00 | 20420501 | 2987.00 | 0.00 | 0.00 |
6 | 18 | 11 | 0.00 | 20420401 | 0.00 | 0.00 | 0.00 |
7 | 10 | 5 | 0.00 | 20420601 | 2117.00 | 0.00 | 0.00 |
8 | 40 | 12 | 17500.00 | 20420501 | 11007.96 | 0.00 | 0.00 |
9 | 13 | 200000.00 | 20420501 | 19387.50 | 0.00 | 0.00 | |
10 | 15 | 0.00 | 20420501 | 0.00 | 0.00 | 0.00 | |
11 | 7 | 6 | 0.00 | 20420401 | 11666.67 | 0.00 | 0.00 |
12 | 33 | 0.00 | 20420401 | 0.00 | 0.00 | 0.00 | |
13 | 15 | 15 | 0.00 | 20420401 | 0.00 | 0.00 | 0.00 |
14 | 12 | 5 | 0.00 | 20420501 | 0.00 | 0.00 | 0.00 |
15 | 31 | 1 | 200000.00 | 20420501 | 38263.00 | 0.00 | 0.00 |
16 | 9 | 0.00 | 20420401 | 0.00 | 0.00 | 0.00 | |
17 | 9 | 15 | 0.00 | 20420401 | 0.00 | 0.00 | 0.00 |
18 | 27 | 18 | 0.00 | 20420601 | 7944.00 | 0.00 | 0.00 |
19 | 30 | 10 | 0.00 | 20420501 | 0.00 | 0.00 | 0.00 |
20 | 55 | 50 | 0.00 | 20420501 | 0.00 | 0.00 | 0.00 |
21 | 13 | 10 | 0.00 | 20420501 | 13693.78 | 0.00 | 0.00 |
22 | 13 | 12 | 0.00 | 20420601 | 0.00 | 0.00 | 0.00 |
23 | 21 | 17 | 150000.00 | 20420601 | 12967.00 | 0.00 | 0.00 |
24 | 9 | 9 | 0.00 | 20420501 | 0.00 | 0.00 | 0.00 |
25 | 10 | 9 | 0.00 | 20420601 | 9583.34 | 0.00 | 0.00 |
26 | 7 | 9 | 0.00 | 20420501 | 21412.30 | 0.00 | 0.00 |
27 | 12 | 0.00 | 20420601 | 0.00 | 0.00 | 0.00 | |
28 | 15 | 20 | 0.00 | 20420801 | 0.00 | 0.00 | 0.00 |
29 | 20 | 0.00 | 20420801 | 0.00 | 0.00 | 0.00 | |
30 | 22 | 20 | 0.00 | 20420701 | 0.00 | 0.00 | 0.00 |
31 | 6 | 9 | 0.00 | 20420501 | 25000.00 | 0.00 | 0.00 |
32 | 5 | 5 | 0.00 | 20420501 | 20000.00 | 0.00 | 0.00 |
33 | 15 | 0.00 | 20420701 | 25000.00 | 0.00 | 0.00 | |
34 | 51 | 447582.50 | 20420601 | 62031.26 | 0.00 | 0.00 | |
35 | 12 | 14 | 0.00 | 20420601 | 0.00 | 0.00 | 0.00 |
36 | 11 | 10 | 100000.00 | 20420701 | 0.00 | 0.00 | 0.00 |
37 | 18 | 0 | 0.00 | 20420501 | 13333.33 | 0.00 | 2315.75 |
38 | 30 | 30 | 0.00 | 20420701 | 0.00 | 0.00 | 0.00 |
39 | 13 | 16 | 0.00 | 20420701 | 0.00 | 0.00 | 0.00 |
40 | 21 | 0.00 | 20420601 | 10000.00 | 12980.11 | 0.00 | |
41 | 14 | 12 | 0.00 | 20420601 | 0.00 | 0.00 | 0.00 |
42 | 11 | 13 | 100000.00 | 20420701 | 10851.62 | 0.00 | 15091.24 |
43 | 0 | 0.00 | 20420601 | 0.00 | 0.00 | 0.00 | |
44 | 10 | 5 | 0.00 | 20420601 | 0.00 | 0.00 | 0.00 |
45 | 6 | 6 | 0.00 | 20420701 | 0.00 | 0.00 | 0.00 |
46 | 8 | 0.00 | 20420801 | 12714.00 | 0.00 | 0.00 | |
47 | 10 | 17 | 0.00 | 20420601 | 0.00 | 0.00 | 0.00 |
48 | 18 | 13 | 0.00 | 20420801 | 14166.00 | 118.00 | 0.00 |
49 | 8 | 11 | 0.00 | 20420901 | 0.00 | 0.00 | 0.00 |
50 | 10 | 0.00 | 20420801 | 0.00 | 0.00 | 0.00 | |
51 | 12 | 12 | 0.00 | 20420701 | 20098.42 | 0.00 | 0.00 |
52 | 15 | 15 | 78000.00 | 20420901 | 0.00 | 0.00 | 0.00 |
53 | 30 | 30 | 150000.00 | 20320801 | 0.00 | 0.00 | 0.00 |
54 | 6 | 0.00 | 20420801 | 0.00 | 0.00 | 0.00 | |
55 | 21 | 4 | 500000.00 | 20420901 | 28933.92 | 0.00 | 0.00 |
56 | 32 | 0.00 | 20420901 | 0.00 | 0.00 | 0.00 | |
57 | 25 | 0.00 | 20420801 | 14824.00 | 4310.00 | 0.00 | |
58 | 10 | 8 | 0.00 | 20420901 | 0.00 | 0.00 | 0.00 |
59 | 16 | 16 | 0.00 | 20420801 | 20000.00 | 0.00 | 0.00 |
60 | 22 | 0.00 | 20420901 | 0.00 | 0.00 | 0.00 | |
61 | 55 | 22 | 0.00 | 20420901 | 27313.00 | 0.00 | 0.00 |
62 | 17 | 0.00 | 20420801 | 19195.46 | 0.00 | 0.00 | |
63 | 23 | 0.00 | 20420901 | 20776.00 | 23912.36 | 0.00 | |
64 | 21 | 0.00 | 20420801 | 26250.00 | 43600.00 | 0.00 | |
65 | 9 | 0.5 | 0.00 | 20420801 | 10416.00 | 0.00 | 0.00 |
66 | 15 | 0.00 | 20420801 | 0.00 | 0.00 | 0.00 | |
67 | 21 | 19 | 0.00 | 20420901 | 0.00 | 0.00 | 0.00 |
68 | 16 | 17 | 0.00 | 20420901 | 14610.27 | 0.00 | 0.00 |
69 | 20 | 15 | 0.00 | 20420901 | 0.00 | 0.00 | 0.00 |
70 | 14 | 14 | 0.00 | 20320901 | 0.00 | 0.00 | 0.00 |
71 | 14 | 0.00 | 20420801 | 19460.00 | 0.00 | 0.00 | |
72 | 28 | 11 | 0.00 | 20420801 | 13306.38 | 0.00 | 0.00 |
73 | 13 | 1000000.00 | 20420801 | 0.00 | 0.00 | 0.00 | |
74 | 10 | 3 | 0.00 | 20420801 | 0.00 | 0.00 | 0.00 |
75 | 12 | 0.00 | 20420901 | 0.00 | 0.00 | 0.00 | |
76 | 4 | 0.00 | 20420901 | 0.00 | 0.00 | 0.00 | |
77 | 5 | 0.00 | 20420901 | 0.00 | 0.00 | 0.00 | |
78 | 22 | 0.00 | 20420901 | 0.00 | 0.00 | 0.00 | |
79 | 12 | 0.00 | 20421001 | 43209.33 | 0.00 | 0.00 |
168 | 169 | 170 | 171 | 172 | 173 | |
Co-Borrower Wage Income (Salary) | Co-Borrower Wage Income (Bonus) | Co-Borrower Wage Income (Commission) | Originator Doc Code | RWT Income Verification | RWT Asset Verification | |
1 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
2 | Full | Two Years | Two Months | |||
3 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
4 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
5 | 16667.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
6 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
7 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
8 | 11026.50 | 0.00 | 0.00 | Full | Two Years | Two Months |
9 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
10 | 22046.75 | 0.00 | 15373.75 | Full | Two Years | Two Months |
11 | 10000.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
12 | Full | Two Years | Two Months | |||
13 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
14 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
15 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
16 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
17 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
18 | 3714.53 | 0.00 | 0.00 | Full | Two Years | Two Months |
19 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
20 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
21 | 11670.47 | 0.00 | 0.00 | Full | Two Years | Two Months |
22 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
23 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
24 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
25 | 9583.34 | 0.00 | 0.00 | Full | Two Years | Two Months |
26 | 10789.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
27 | Full | Two Years | Two Months | |||
28 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
29 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
30 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
31 | 15000.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
32 | 12083.34 | 0.00 | 0.00 | Full | Two Years | Two Months |
33 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
34 | Full | Two Years | Two Months | |||
35 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
36 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
37 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
38 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
39 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
40 | Full | Two Years | Two Months | |||
41 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
42 | 11844.99 | 0.00 | 0.00 | Full | Two Years | Two Months |
43 | Full | Two Years | Two Months | |||
44 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
45 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
46 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
47 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
48 | 7225.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
49 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
50 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
51 | 8334.52 | 0.00 | 0.00 | Full | Two Years | Two Months |
52 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
53 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
54 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
55 | 1236.13 | 0.00 | 0.00 | Full | Two Years | Two Months |
56 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
57 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
58 | 6357.50 | 0.00 | 0.00 | Full | Two Years | Two Months |
59 | 5000.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
60 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
61 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
62 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
63 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
64 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
65 | 3055.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
66 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
67 | 38175.82 | 0.00 | 0.00 | Full | Two Years | Two Months |
68 | 10370.69 | 0.00 | 0.00 | Full | Two Years | Two Months |
69 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
70 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
71 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
72 | 10333.34 | 0.00 | 0.00 | Full | Two Years | Two Months |
73 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
74 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
75 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
76 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
77 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
78 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
79 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
ASF RMBS DISCLOSURE PACKAGE
The American Securitization Forum is a broad-based professional forum through which participants in the U.S. securitization market advocate their common interests on important legal, regulatory and market practice issues. ASF members include over 380 firms, including issuers, investors, servicers, financial intermediaries, rating agencies, financial guarantors, legal and accounting firms, and other professional organizations involved in securitization transactions. The ASF also provides information, education and training on a range of securitization market issues and topics through industry conferences, seminars and similar initiatives. For more information about ASF, its members and activities, please go to www.americansecuritization.com.
Field Number |
Field Name | Field Description | Type of Field |
Data Type | Sample Data | Format | When Applicable? |
Valid Values | Proposed Unique Coding |
Notes |
1 | Primary Servicer | The MERS Organization ID of the company that has or will have the right to service the loan. | General Information | Numeric – Integer | 2351805 | 9(7) | Always | “9999999” if Unknown | ||
2 | Servicing Fee—Percentage | Aggregate monthly fee paid to all servicers, stated in decimal form. | General Information | Numeric - Decimal | 0.0025 | 9.999999 | Loans without flat-dollar servicing fees | >= 0 and < 1 | Must be populated if Field 3 is Null | |
3 | Servicing Fee—Flat-dollar | Aggregate monthly fee paid to all servicers, stated as a dollar amount. | General Information | Numeric – Decimal | 7.5 | 9(3).99 | Loans with flat-dollar servicing fees | >= 0 and <= 999 |
Must be populated if 2 is Null | |
4 | Servicing Advance Methodology | The manner in which principal and/or interest are to be advanced by the servicer. | General Information | Numeric – Integer | 2 | 99 | Always | See Coding | 1 = Scheduled Interest, Scheduled Principal 2 = Actual Interest, Actual Principal 3 = Scheduled Interest, Actual Principal 99 = Unknown |
|
5 | Originator | The MERS Organization ID of the entity that lends funds to the borrower and, in return, places a lien on the mortgage property as collateral. | General Information | Numeric – Integer | 5938671 | 9(7) | Always | “9999999” if Unknown | ||
6 | Loan Group | Indicates the collateral group number in which the loan falls (for structures with multiple collateral groups). Use “1” if there is only one loan group. | General Information | Text | 1A | XXXX | Always | “UNK” if Unknown | ||
7 | Loan Number | Unique National Mortgage Loan ID Number (Vendor TBD). | General Information | Numeric – Integer | TBD | TBD | Always | TBD | Details to be provided by Vendor | |
8 | Amortization Type | Indicates whether the loan’s interest rate is fixed or adjustable (Hybrid ARMs are adjustable). | Loan Type | Numeric – Integer | 2 | 99 | Always | See Coding | 1 = Fixed 2 = Adjustable 99 = Unknown |
|
9 | Lien Position | A number indicating the loan’s lien position (1 = first lien, etc.). | Loan Type | Numeric – Integer | 1 | 99 | Always | >0 | 99 = Unknown | |
10 | HELOC Indicator | Indicates whether the loan is a home equity line of credit. | Loan Type | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
|
11 | Loan Purpose | Indicates the purpose of the loan. | Loan Type | Numeric – Integer | 9 | 99 | Always | See Coding | See Appendix A | |
12 | Cash Out Amount | Cash Out
Amount: [New Loan] – [PIF Prior First Lien] – [Payoff of all Seasoned Seconds] – [Closing Costs] –
[Prepays] For delayed purchases (refinances on homes purchased < 12 months prior to the mortgage application) with cash) Cash Out Amount = 0. |
Loan Type | Numeric – Decimal | 72476.5 | 9(10).99 | Always | >= 0 | ||
13 | Total Origination and Discount Points (in dollars) | Amount paid to the lender to increase the lender’s effective yield and, in the case of discount points, to reduce the interest rate paid by the borrower. | Loan Type | Numeric – Decimal | 5250 | 9(10).99 | Always | >= 0 | Typically Lines 801 and 802 of HUD Settlement Statement | |
14 | Covered/High Cost Loan Indicator | Indicates whether the loan is categorized as “high cost” or “covered” according to state or federal statutes or regulations. | Loan Type | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
|
15 | Relocation Loan Indicator | Indicates whether the loan is part of a corporate relocation program. | Loan Type | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
|
16 | Broker Indicator | Indicates whether a broker took the application. | Loan Type | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
|
17 | Channel | Code indicating the source (channel) from which the Issuer obtained the mortgage loan. | Loan Type | Numeric – Integer | 2 | 99 | Always | See Coding | 1 = Retail 2 = Broker 3 = Correspondent Bulk 4 = Correspondent Flow with delegated underwriting 5 = Correspondent Flow without delegated underwriting 99 = Unknown |
|
18 | Escrow Indicator | Indicates whether various homeownership expenses are paid by the borrower directly or through an escrow account (as of securitization cut-off date). | Loan Type | Numeric – Integer | 3 | 99 | Always | See Coding | 0 = No Escrows 1 = Taxes 2 = Insurance 3 = HOA dues 4 = Taxes and Insurance 5 = All 99 =Unknown |
|
19 | Senior Loan Amount(s) | For non-first mortgages, the sum of the balances of all associated senior mortgages at the time of origination of the subordinate lien. | Mortgage Lien Info | Numeric – Decimal | 611004.25 | 9(10).99 | If Lien Position > 1 | >= 0 | ||
20 | Loan Type of Most Senior Lien | For non-first mortgages, indicates whether the associated first mortgage is a Fixed, ARM, Hybrid, or negative amortization loan. | Mortgage Lien Info | Numeric – Integer | 2 | 99 | If Lien Position > 1 | See Coding | 1 = Fixed Rate 2 = ARM 3 = Hybrid 4 = Neg Am 99 = Unknown |
|
21 | Hybrid Period of Most Senior Lien (in months) | For non-first mortgages where the associated first mortgage is a hybrid ARM, the number of months remaining in the initial fixed interest rate period for the hybrid first mortgage. | Mortgage Lien Info | Numeric – Integer | 23 | 999 | If Lien Position > 1 AND the most senior lien is a hybrid ARM (see Field 20) |
>= 0 | ||
22 | Neg Am Limit of Most Senior Lien | For non-first mortgages where the associated first mortgage features negative amortization, the maximum percentage by which the negatively amortizing balance may increase (expressed as a proportion of the senior lien’s original balance). | Mortgage Lien Info | Numeric – Decimal | 1.25 | 9.999999 | If Lien Position > 1 AND the senior lien is Neg Am (see Field 20) |
>= 1 and <= 2 | ||
23 | Junior Mortgage Balance | For first mortgages with subordinate liens at the time of origination, the combined balance of the subordinate liens (if known). | Mortgage Lien Info | Numeric – Decimal | 51775.12 | 9(10).99 | If Lien Position = 1 and there is a 2nd lien on the subject property | >= 0 | Subject to Regulatory Confirmation | |
24 | Origination Date of Most Senior Lien | For non-first mortgages, the origination date of the associated first mortgage. | Mortgage Lien Info | Date | 20090914 | YYYYMMDD | If Lien Position > 1 and there is a 2nd lien on the subject property | “19010101” if unknown | ||
25 | Origination Date | The date of the Mortgage Note and Mortgage/Deed of Trust | Loan Term and Amortization Type | Date | 20090914 | YYYYMMDD | Always | “19010101” if unknown | ||
26 | Original Loan Amount | The dollar amount of the mortgage loan, as specified on the mortgage note at the time of the loan’s origination. For HELOCs, the maximum available line of credit. | Loan Term and Amortization Type | Numeric – Decimal | 150000 | 9(10).99 | Always | >0 | ||
27 | Original Interest Rate | The original note rate as indicated on the mortgage note. | Loan Term and Amortization Type | Numeric – Decimal | 0.0475 | 9.999999 | Always | > 0 and <= 1 | ||
28 | Original Amortization Term | The number of months in which the loan would be retired if the amortizing principal and interest payment were to be paid each month. | Loan Term and Amortization Type | Numeric – Integer | 360 | 999 | Always | >= 60 | ||
29 | Original Term to Maturity | The initial number of months between loan origination and the loan maturity date, as specified on the mortgage note. | Loan Term and Amortization Type | Numeric – Integer | 60 | 999 | Always | >0 | N/A | |
30 | First Payment Date of Loan | The date of the first scheduled mortgage payment to be made by the borrower as specified on the mortgage note. | Loan Term and Amortization Type | Date | 20090914 | YYYYMMDD | Always | “19010101” if unknown | N/A | |
31 | Interest Type Indicator | Indicates whether the interest rate calculation method is simple or actuarial. | Loan Term and Amortization Type | Numeric – Integer | 2 | 99 | Always | See Coding | 1= Simple 2 = Actuarial 99 = Unknown |
|
32 | Original Interest Only Term | Original interest-only term for a loan in months (including NegAm Loans). | Loan Term and Amortization Type | Numeric – Integer | 60 | 999 | Always | >= 0 and <= 240 Unknown = Blank; No Interest Only Term = 0 |
||
33 | Buy Down Period | The total number of months during which any buy down is in effect, representing the accumulation of all buy down periods. | Loan Term and Amortization Type | Numeric – Integer | 65 | 999 | Always | >= 0 and <= 100 Unknown = Blank; No Buy Down = 0 |
||
34 | HELOC Draw Period | The original number of months during which the borrower may draw funds against the HELOC account. | Loan Term and Amortization Type | Numeric – Integer | 24 | 999 | HELOCs Only | >= 12 and <= 120 | ||
35 | Scheduled Loan Amount | Mortgage loan scheduled principal balance as of cut-off date. For HELOCs, the current drawn amount. | Loan Term and Amortization Type | Numeric – Decimal | 248951.19 | 9(10).99 | Always | >= 0 | ||
36 | Current Interest Rate | The interest rate used to calculate the current P&I or I/O payment. | Loan Term and Amortization Type | Numeric – Decimal | 0.05875 | 9.999999 | Always | > 0 and <= 1 | ||
37 | Current Payment Amount Due | Next Total Payment due to be collected (including principal, interest or both—but Exclude Escrow Amounts). | Loan Term and Amortization Type | Numeric – Decimal | 1250.15 | 9(10).99 | Always | > 0 | ||
38 | Scheduled
Interest Paid Through Date |
Loan Term and Amortization Type | Date | 20090429 | YYYYMMDD | Always | “19010101” if unknown | |||
39 | Current Payment Status | Number of payments the borrower is past due as of the securitization cut-off date. | Loan Term and Amortization Type | Numeric – Integer | 3 | 99 | Always | >= 0 | ||
40 | Index Type | Specifies the type of index to be used to determine the interest rate at each adjustment. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 18 | 99 | ARMs Only | See Coding | See Appendix B | |
41 | ARM Look-back Days | The number of days prior to the interest rate adjustment date to retrieve the index value. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 45 | 99 | ARMs Only | >= 0 to <=99 | ||
42 | Gross Margin | The percentage stated on the mortgage note representing the spread between the ARM Index value and the mortgage interest rate. The gross mortgage margin is added to the index value to establish a new gross interest rate in the manner prescribed on the mortgage note. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.03 | 9.999999 | ARMs Only | >0 and <= 1 | ||
43 | ARM Round Flag | An indicator of whether an adjusted interest rate is rounded to the next higher ARM round factor, to the next lower round factor, or to the nearest round factor. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 3 | 9 | ARMs Only | See Coding | 0 = No Rounding 1 = Up 2 = Down 3 = Nearest 99=Unknown |
|
44 | ARM Round Factor | The percentage to which an adjusted interest rate is to be rounded. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.0025 or 0.00125 | 9.999999 | ARMs Only Where ARM Round Flag = 1, 2, or 3 |
>= 0 and < 1 | ||
45 | Initial Fixed Rate Period | For hybrid ARMs, the period between the first payment date of the mortgage and the first interest rate adjustment date. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 60 | 999 | Hybrid ARMs Only | >= 1 to <=240 | ||
46 | Initial Interest Rate Cap (Change Up) | The maximum percentage by which the mortgage note rate may increase at the first interest rate adjustment date. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.02 | 9.999999 | ARMs Only | >= 0 and <= 1 | 99=no cap | |
47 | Initial Interest Rate Cap (Change Down) | The maximum percentage by which the mortgage note rate may decrease at the first interest rate adjustment date. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.02 | 9.999999 | ARMs Only | >= 0 and <= 1 | 99=no cap | |
48 | Subsequent Interest Rate Reset Period | The number of months between subsequent rate adjustments. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 60 | 999 | ARMs Only | >=0 and <= 120 | 0 = Loan does not adjust after initial reset | |
49 | Subsequent Interest Rate (Change Down) | The maximum percentage by which the interest rate may decrease at each rate adjustment date after the initial adjustment. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.02 | 9.999999 | ARMs Only | >= 0 and <= 1 | 99=no cap | |
50 | Subsequent Interest Rate Cap (Change Up) | The maximum percentage by which the interest rate may increase at each rate adjustment date after the initial adjustment. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.02 | 9.999999 | ARMs Only | >= 0 and <= 1 | 99=no cap | |
51 | Lifetime Maximum Rate (Ceiling) | The maximum interest rate that can be in effect during the life of the loan. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.125 | 9.999999 | ARMs Only | >= 0 and <= 1 | =1 if no ceiling specified | |
52 | Lifetime Minimum Rate (Floor) | The minimum interest rate that can be in effect during the life of the loan. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.015 | 9.999999 | ARMs Only | >= 0 and <= 1 | If no floor is specified enter the greater of the margin or 0. | |
53 | Negative Amortization Limit | The maximum amount of negative amortization allowed before recast is required. (Expressed as a percentage of the original unpaid principal balance.) | Negative Amortization | Numeric – Decimal | 1.25 | 9.999999 | Negatively Amortizing ARMs Only | >=0, and <2 | ||
54 | Initial Negative Amortization Recast Period | The number of months in which the payment is required to recast if the loan does not reach the prescribed maximum balance earlier. | Negative Amortization | Numeric – Integer | 60 | 999 | Negatively Amortizing ARMs Only | >=0 | ||
55 | Subsequent Negative Amortization Recast Period | The number of months after which the payment is required to recast AFTER the first recast period. | Negative Amortization | Numeric – Integer | 48 | 999 | Negatively Amortizing ARMs Only | >=0 | ||
56 | Initial Fixed Payment Period | Number of months after origination during which the payment is fixed. | Negative Amortization | Numeric – Integer | 60 | 999 | Negatively Amortizing Hybrid ARMs Only | >= 0 to <=120 | ||
57 | Subsequent Payment Reset Period | Number of months between payment adjustments after first payment reset. | Negative Amortization | Numeric – Integer | 12 | 999 | Negatively Amortizing ARMs Only | >= 0 to <=120 | ||
58 | Initial Periodic Payment Cap | The maximum percentage by which a payment can change (increase or decrease) in the first period. | Negative Amortization | Numeric – Decimal | 0.075 | 9.999999 | Negatively Amortizing ARMs Only | >= 0 and < 1 | ||
59 | Subsequent Periodic Payment Cap | The maximum percentage by which a payment can change (increase or decrease) in one period after the initial cap. | Negative Amortization | Numeric – Decimal | 0.075 | 9.999999 | Negatively Amortizing ARMs Only | >= 0 and < 1 | ||
60 | Initial Minimum Payment Reset Period | The maximum number of months a borrower can initially pay the minimum payment before a new minimum payment is determined. | Negative Amortization | Numeric – Integer | 12 | 999 | Negatively Amortizing ARMs Only | >= 0 to <=120 | ||
61 | Subsequent Minimum Payment Reset Period | The maximum number of months (after the initial period) a borrower can pay the minimum payment before a new minimum payment is determined after the initial period. | Negative Amortization | Numeric – Integer | 12 | 999 | Negatively Amortizing ARMs Only | >= 0 to <=120 | ||
62 | Option ARM Indicator | An indicator of whether the loan is an Option ARM. | Negative Amortization | Numeric – Integer | 1 | 99 | ARMs Only | See Coding | 0 = No 1 = Yes 99 = Unknown |
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63 | Options at Recast | The means of computing the lowest monthly payment available to the borrower after recast. | Option ARM | Numeric – Integer | 2 | 99 | Option ARMs Only | N/A | 1= Fully amortizing 30 year 2= Fully amortizing 15 year 3=Fully amortizing 40 year 4 = Interest-Only 5 = Minimum Payment 99= Unknown |
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64 | Initial Minimum Payment | The initial minimum payment the borrower is permitted to make. | Option ARM | Numeric – Decimal | 879.52 | 99 | Option ARMs Only | >=0 | ||
65 | Current Minimum Payment | Current Minimum Payment (in dollars). | Negative Amortization | Numeric – Decimal | 250 | 9(10).99 | Option ARMs Only | >= 0 | ||
66 | Prepayment Penalty Calculation | A description of how the prepayment penalty would be calculated during each phase of the prepayment penalty term. | Prepayment Penalties | Numeric – Integer | 12 | 99 | Always | See Coding | See Appendix C | |
67 | Prepayment Penalty Type | • Hard: The prepayment penalty is incurred regardless of the reason the loan is prepaid in full. • Hybrid: The prepayment penalty can be characterized as hard for a certain amount of time and as soft during another period. |
Prepayment Penalties | Numeric – Integer | 1 | 99 | All loans with Prepayment Penalties (i.e., loans for which Field 66 = something other than “0”) | See Coding | 1 = Hard 2 = Soft 3 = Hybrid 99 = Unknown |
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68 | Prepayment Penalty Total Term | The total number of months that the prepayment penalty may be in effect. | Prepayment Penalties | Numeric – Integer | 60 | 999 | All loans with Prepayment Penalties (i.e., loans for which Field 66 = something other than “0”) | >0 to <=120 | ||
69 | Prepayment Penalty Hard Term | For hybrid prepayment penalties, the number of months during which a “hard” prepayment penalty applies. | Prepayment Penalties | Numeric – Integer | 12 | 999 | Loans with Hybrid Prepayment Penalties (i.e., loans for which Field 67 = “3”) | >= 0 to <=120 | ||
70 | Primary Borrower ID | A lender-generated ID number for the primary borrower on the mortgage | Borrower | Numeric—Integer | 123456789 | 999999999 | Always | >0 | Used to identify the number of times a single borrower appears in a given deal. | |
71 | Number of Mortgaged Properties | The number of residential properties owned by the borrower that currently secure mortgage loans. | Borrower | Numeric – Integer | 1 | 99 | Always | > 0 | ||
72 | Total Number of Borrowers | The number of Borrowers who are obligated to repay the mortgage note. | Borrower | Numeric – Integers | 2 | 99 | Always | > 0 | ||
73 | Self-employment Flag | An indicator of whether the primary borrower is self-employed. | Borrower | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
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74 | Current ‘Other’ Monthly Payment | The aggregate of all payments pertaining to the subject property other than principal and interest (includes common charges, condo fees, T&I, HOA, etc.), whether escrowed or not. | Loan Term and Amortization Type | Numeric – Decimal | 1789.25 | 9(10).99 | Always | > 0 | ||
75 | Length of Employment: Borrower | The number of years of service with the borrower’s current employer as of the date of the loan. | Borrower Qualification | Numeric – Decimal | 3.5 | 99.99 | Always | >=0 | 99 = Retired, None employment income soure (social security, trust income, dividends, etc.) | |
76 | Length of Employment: Co-Borrower | The number of years of service with the co-borrower’s current employer as of the date of the loan. | Borrower Qualification | Numeric – Decimal | 3.5 | 99.99 | If “Total Number of Borrowers” > 1 | >= 0 | 99 = Retired, None employment income soure (social security, trust income, dividends, etc.) | |
77 | Years in Home | Length of time that the borrower has been at current address. | Borrower Qualification | Numeric – Decimal | 14.5 | 99.99 | Refinances of Primary Residences Only (Loan Purpose = 1, 2, 3, 4, 8 or 9) | > 0 | ||
78 | FICO Model Used | Indicates whether the FICO score was calculated using the Classic, Classic 08, or Next Generation model. | Borrower Qualification | Numeric – Integer | 1 | 99 | If a FICO score was obtained | See Coding | 1 = Classic 2 = Classic 08 3 = Next Generation 99 = Unknown |
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79 | Most Recent FICO Date | Specifies the date on which the most recent FICO score was obtained | Borrower Qualification | Date | 20090914 | YYYYMMDD | If a FICO score was obtained | “19010101” if unknown | Issuers unable to Provide may Rep and Warrant that the FICO score used for underwriting was not more than 4 months old at the date of issuance. | |
80 | Primary Wage Earner Original FICO: Equifax | Equifax FICO score for primary borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a FICO score was obtained | >= 350 and <= 850 | ||
81 | Primary Wage Earner Original FICO: Experian | Experian FICO score for primary borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a FICO score was obtained | >= 350 and <= 850 | ||
82 | Primary Wage Earner Original FICO: TransUnion | TransUnion FICO score for primary borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a FICO score was obtained | >= 350 and <= 850 | ||
83 | Secondary Wage Earner Original FICO: Equifax | Equifax FICO score for Co-borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If “Total Number of Borrowers” > 1 | >= 350 and <= 850 | ||
84 | Secondary Wage Earner Original FICO: Experian | Experian FICO score for Co-borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If “Total Number of Borrowers” > 1 | >= 350 and <= 850 | ||
85 | Secondary Wage Earner Original FICO: TransUnion | TransUnion FICO score for Co-borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If “Total Number of Borrowers” > 1 | >= 350 and <= 850 | ||
86 | Most Recent Primary Borrower FICO | Most Recent Primary Borrower FICO score used by the lender to approve the loan. | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a FICO score was obtained | >= 350 and <= 850 | ||
87 | Most Recent Co-Borrower FICO | Most Recent Co-Borrower FICO score used by the lender to approve the loan. | Borrower Qualification | Numeric – Integer | 720 | 9999 | If “Total Number of Borrowers” > 1 | >= 350 and <= 850 | ||
88 | Most Recent FICO Method | Number of credit repositories used to update the FICO Score. | Borrower Qualification | Numeric – Integer | 2 | 9 | If a FICO score was obtained | >0 | ||
89 | VantageScore: Primary Borrower | Credit Score for the Primary Borrower used to approve the loan and obtained using the Vantage credit evaluation model. | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a Vantage Credit Score was obtained | >= 501 and <= 990 | ||
90 | VantageScore: Co-Borrower | Credit Score for the Co-borrower used to approve the loan and obtained using the Vantage credit evaluation model. | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a VantageScore was obtained AND “Total Number of Borrowers” > 1 | >= 501 and <= 990 | ||
91 | Most Recent VantageScore Method | Number of credit repositories used to update the Vantage Score. | Borrower Qualification | Numeric – Integer | 2 | 9 | If a Vantage Credit Score was obtained | >0 | ||
92 | VantageScore Date | Date Vantage Credit Score was obtained. | Borrower Qualification | Date | 20090914 | YYYYMMDD | If a Vantage Credit Score was obtained | “19010101” if unknown | ||
93 | Credit Report: Longest Trade Line | The length of time in months that the oldest active trade line, installment or revolving, has been outstanding. For a loan with more than one borrower, populate field based on status for the primary borrower. | Borrower Qualification | Numeric – Integer | 999 | 999 | Always | > =0 | Subject to Regulatory Confirmation | |
94 | Credit Report: Maximum Trade Line | The dollar amount for the trade line, installment or revolving, with the largest unpaid balance. For revolving lines of credit, e.g. credit card, the dollar amount reported should reflect the maximum amount of credit available under the credit line whether used or not. For a loan with more than one borrower, populate field based on status for the primary borrower. | Borrower Qualification | Numeric – Decimal | 339420.19 | 9(10).99 | Always | >=0 | Subject to Regulatory Confirmation | |
95 | Credit Report: Number of Trade Lines | A count of non-derogatory, currently open and active, consumer trade lines (installment or revolving) for the borrower. For a loan with more than one borrower, populate field based on status for the primary borrower. | Borrower Qualification | Numeric – Integer | 57 | 999 | Always | >=0 | Subject to Regulatory Confirmation | |
96 | Credit Line Usage Ratio | Sum of credit balances divided by sum of total open credit available. | Borrower Qualification | Numeric – Decimal | 0.27 | 9.999999 | Always | >= 0 and <= 1 | Subject to Regulatory Confirmation | |
97 | Most Recent 12-month Pay History | String indicating the payment status per month listed from oldest to most recent. | Borrower Qualification | Text | 77X123200001 | X(12) | Always | See Coding | 0 = Current 1 = 30-59 days delinquent 2 = 60-89 days delinquent 3 = 90-119 days delinquent 4 = 120+ days delinquent 5 = Foreclosure 6 = REO 7 = Loan did not exist in period X = Unavailable |
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98 | Months Bankruptcy | Number of months since any borrower was discharged from bankruptcy. (Issuers unable to provide this information may rep and warrant that at least x years—as specified in the loan program—have passed since most recent discharge from bankruptcy.) | Borrower Qualification | Numeric – Integer | 12 | 999 | If Borrower has ever been in Bankruptcy | >= 0 | Blank = Borrower is not known to have been in bankruptcy | |
99 | Months Foreclosure | Number of months since foreclosure sale date. (Issuers unable to provide this information may rep and warrant that at least x years—as specified in the loan program— have passed since most recent foreclosure.) | Borrower Qualification | Numeric – Integer | 12 | 999 | If Borrower has ever been in Foreclosure | >= 0 | Blank = Borrower is not known to have been in foreclosure | |
100 | Primary Borrower Wage Income | Monthly base wage income for primary borrower. | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | Always | >= 0 | ||
101 | Co-Borrower Wage Income | Monthly base wage income for all other borrowers. | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | If “Total Number of Borrowers” > 1 | >= 0 | ||
102 | Primary Borrower Other Income | Monthly Other (non-wage) income for primary borrower. (This figure should include net rental income and be reduced by any net rental loss.) | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | Always | >= 0 | ||
103 | Co-Borrower Other Income | Monthly Other (non-wage) income for all other borrowers. (This figure should include net rental income and be reduced by any net rental loss.) | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | If “Total Number of Borrowers” > 1 | >= 0 | ||
104 | All Borrower Wage Income | Monthly income of all borrowers derived from base salary only. | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | Always | >= 0 | ||
105 | All Borrower Total Income | Monthly income of all borrowers derived from base salary, commission, tips and gratuities, overtime and bonuses, part-time or second-job earnings, alimony, child support, interest and dividend income, notes receivable, trust income, net rental income, retirement income, social security, veterans income, military income, foster care income, and self-employed income. | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | Always | >= 0 | ||
106 | 4506-T Indicator | A yes/no indicator of whether a Transcript of Tax Return (received pursuant to the filing of IRS Form 4506-T) was obtained and considered. | Borrower Qualification | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
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107 | Borrower Income Verification Level | A code indicating the extent to which the borrower’s income has been verified: Level 4 Income Verification = [W-2 (Prev. Yr.) OR TAX RETURNS* (Prev. Yr.)] AND PAY STUBS (YTD (at least one month)–if salaried) Level 5 Income Verification = 24 months income verification (W-2s, pay stubs, bank statements and/or tax returns**) *For self-employed
borrowers: Level 4 Income Verification:
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Borrower Qualification | Numeric – Integer | 1 | 9 | Always | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, “Level 4” Verified (as defined) 5 = Stated, “Level 5” Verified (as defined) |
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108 | Co-Borrower Income Verification | A code indicating the extent to which the co-borrower’s income has been verified: Level 4 Income Verification = [W-2 (Prev. Yr.) OR TAX RETURNS* (Prev. Yr.)] AND PAY STUBS (YTD (at least one month)–if salaried) Level 5 Income Verification = 24 months income verification (W-2s, pay stubs, bank statements and/or tax returns**) *For self-employed borrowers:
Level 4 Income Verification: |
Borrower Qualification | Numeric – Integer | 2 | 9 | If “Total Number of Borrowers” > 1 | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, “Level 4” Verified (as defined) 5 = Stated, “Level 5” Verified (as defined) |
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109 | Borrower Employment Verification | A code indicating the extent to which the primary borrower’s employment has been verified: Level 3 Verified = Direct Independent Verification with a third party of the borrower’s current employment. |
Borrower Qualification | Numeric – Integer | 2 | 9 | Always | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, Level 3 Verified (as defined) |
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110 | Co-Borrower Employment Verification | A code indicating the extent to which the co-borrower’s employment has been verified: Level 3 Verified = Direct Independent Verification with a third party of the co-borrower’s current employment. |
Borrower Qualification | Numeric – Integer | 1 | 9 | If “Total Number of Borrowers” > 1 | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, Level 3 Verified (as defined) |
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111 | Borrower Asset Verification | A code indicating the extent to which the primary borrower’s assets used to qualify the loan have been verified: Level 4 Verified = 2 months of bank statements/balance documentation (written or electronic) for liquid assets (or gift letter). |
Borrower Qualification | Numeric – Integer | 3 | 9 | Always | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, Level 4 Verified (as defined) |
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112 | Co-Borrower Asset Verification | A code indicating the extent to which the co-borrower’s assets used to qualify the loan have been verified: Level 4 = 2 months of bank statements/balance documentation (written or electronic) for liquid assets (or gift letter). |
Borrower Qualification | Numeric – Integer | 2 | 9 | If “Total Number of Borrowers” > 1 | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, Level 4 Verified (as defined) |
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113 | Liquid / Cash Reserves | The actual dollar amount of remaining verified liquid assets after settlement. (This should not include cash out amount of subject loan.) | Borrower Qualification | Numeric – Decimal | 3242.76 | 9(9).99 | Always | >= 0 | ||
114 | Monthly Debt All Borrowers | The aggregate monthly payment due on other debt (excluding only installment loans with fewer than 10 payments remaining and other real estate loans used to compute net rental income-- which is added/subtracted in the income fields). | Borrower Qualification | Numeric – Decimal | 3472.43 | 9(9).99 | Always | >= 0 | ||
115 | Originator DTI | Total Debt to income ratio used by the originator to qualify the loan. | Borrower Qualification | Numeric – Decimal | 0.35 | 9.999999 | Always | >= 0 and >= 1 | ||
116 | Fully Indexed Rate | The fully indexed interest rate as of securitization cut-off. | Borrower Qualification | Numeric – Decimal | 0.0975 | 9.999999 | ARMs Only | >= 0 and >= 1 | ||
117 | Qualification Method | Type of mortgage payment used to qualify the borrower for the loan. | Borrower Qualification | Numeric – Integer | 3 | 99 | Always | See Coding | 1 = Start Rate 2 = First Year Cap Rate 3 = I/O Amount 4 = Fully Indexed 5 = Min Payment 98 = Other 99 = Unknown |
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118 | Percentage of Down Payment from Borrower Own Funds | Include only borrower funds, do not include any gift or borrowed funds. (Issuers may provide the actual percentage for each loan, or the guideline percentage and note departure concentration on the transaction summary.) | Borrower Qualification | Numeric – Decimal | 0.5 | 9.999999 | Purchase Loans Only | >= 0 and >= 1 | ||
119 | City | The name of the city. | Subject Property | Text | New York | X(45) | Always | Unk=Unknown | ||
120 | State | The name of the state as a 2-digit Abbreviation. | Subject Property | Text | NY | XX | Always | See Coding | See Appendix H | |
121 | Postal Code | The postal code (zip code in the US) where the subject property is located. | Subject Property | Text | 10022 | X(5) | Always | Unk=Unknown | ||
122 | Property Type | Specifies the type of property being used to secure the loan. | Subject Property | Numeric – Integer | 11 | 99 | Always | See Coding | See Appendix D | |
123 | Occupancy | Specifies the property occupancy status (e.g., owner-occupied, investment property, second home, etc.). | Subject Property | Numeric – Integer | 4 | 9 | Always | See Coding | See Appendix E | |
124 | Sales Price | The negotiated price of a given property between the buyer and seller. | Subject Property | Numeric – Decimal | 450000.23 | 9(10).99 | Purchase Loans Only | > 0 | ||
125 | Original Appraised Property Value | The appraised value of the property used to approve the loan. | Subject Property | Numeric – Decimal | 550000.23 | 9(10).99 | Always | > 0 | ||
126 | Original Property Valuation Type | Specifies the method by which the property value (at the time of underwriting) was reported. | Subject Property | Numeric – Integer | 8 | 99 | Always | See Coding | See Appendix F | |
127 | Original Property Valuation Date | Specifies the date on which the original property value (at the time of underwriting) was reported. (Issuers unable to provide may Rep and Warrant that the appraisal used for underwriting was not more than x days old at time of loan closing.) | Subject Property | Date | 20090914 | YYYYMMDD | Always | “19010101” if unknown | ||
128 | Original Automated Valuation Model (AVM) Model Name | The name of the AVM Vendor if an AVM was used to determine the original property valuation. | Subject Property | Numeric – Integer | 1 | 99 | Always | See Appendix I | See Appendix I | |
129 | Original AVM Confidence Score | The confidence range presented on the AVM report. | Subject Property | Numeric – Decimal | 0.74 | 9.999999 | If AVM Model Name (Field 127) > 0 | >= 0 to <= 1 | ||
130 | Most Recent Property Value[1] | If a valuation was obtained subsequent to the valuation used to calculate LTV, the most recent property value. | Subject Property | Numeric – Decimal | 500000 | 9(10).99 | If updated value was obtained subsequent to loan approval | > 0 | ||
131 | Most Recent Property Valuation Type | If an additional property valuation was obtained after the valuation used for underwriting purposes, the method by which the property value was reported. | Subject Property | Numeric – Integer | 6 | 9 | If updated value was obtained subsequent to loan approval | See Coding | See Appendix F | |
132 | Most Recent Property Valuation Date | Specifies the date on which the updated property value was reported. | Subject Property | Date | 20090914 | YYYYMMDD | If updated value was obtained subsequent to loan approval | “19010101” if unknown | ||
133 | Most Recent AVM Model Name | The name of the AVM Vendor if an AVM was used to determine the updated property valuation. | Subject Property | Numeric – Integer | 19 | 99 | If updated value was obtained subsequent to loan approval | See Coding | See Appendix I | |
134 | Most Recent AVM Confidence Score | If AVM used to determine the updated property valuation, the confidence range presented on the AVM report. | Subject Property | Numeric – Decimal | 0.85 | 9.999999 | If “Most Recent AVM Model Name” > 0 | >= 0 to <= 1 | ||
135 | Original CLTV | The ratio obtained by dividing the amount of all known outstanding mortgage liens on a property at origination by the lesser of the appraised value or the sales price. The value is then truncated to four decimal places. | Loan-to-Value (LTV) | Numeric – Decimal | 0.96 | 9.999999 | Always | >= 0 and <= 1.5 | ||
136 | Original LTV | The ratio obtained by dividing the original mortgage loan amount on the note date by the lesser of the mortgaged property’s appraised value on the note date or its purchase price. The value is then truncated to four decimal places. | Loan-to-Value (LTV) | Numeric – Decimal | 0.8 | 9.999999 | Always | >= 0 and <= 1.25 | ||
137 | Original Pledged Assets | The total value of assets pledged as collateral for the loan at the time of origination. Pledged assets may include cash or marketable securities. | Loan-to-Value (LTV) | Numeric – Decimal | 75000 | 9(10).99 | Always | >=0 | ||
138 | Mortgage Insurance Company Name | The name of the entity providing mortgage insurance for a loan. | Mortgage Insurance | Numeric – Integer | 3 | 99 | Always | See Coding | See Appendix G | |
139 | Mortgage Insurance Percent | Mortgage Insurance coverage percentage. | Mortgage Insurance | Numeric – Decimal | 0.25 | 9.999999 | “Mortgage Insurance Company Name” > 0 | >= 0 to <= 1 | ||
140 | MI: Lender or Borrower Paid? | An indicator of whether mortgage insurance is paid by the borrower or the lender. | Mortgage Insurance | Numeric – Integer | 1 | 99 | “Mortgage Insurance Company Name” > 0 | See Coding | 1 = Borrower-Paid 2 = Lender- Paid 99 = Unknown |
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141 | Pool Insurance Co. Name | Name of pool insurance provider. | Mortgage Insurance | Numeric – Integer | 8 | 99 | Always | See Coding | See Appendix G | |
142 | Pool Insurance Stop Loss % | The aggregate amount that a pool insurer will pay, calculated as a percentage of the pool balance. | Mortgage Insurance | Numeric – Decimal | 0.25 | 9.999999 | Pool MI Company > 0 | >= 0 to <= 1 | ||
143 | MI Certificate Number | The unique number assigned to each individual loan insured under an MI policy. | Mortgage Insurance | Text | 123456789G | X(20) | MI Company > 0 |
UNK = Unknown | ||
144 | Updated DTI (Front-end) |
Updated front-end DTI ratio (total monthly housing expense divided by total monthly income) used to qualify the loan modification. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.35 | 9.999999 | Modified Loans Only | >= 0 and >= 1 | ||
145 | Updated DTI (Back-end) |
Updated back-end DTI ratio (total monthly debt expense divided by total monthly income) used to qualify the loan modification. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.35 | 9.999999 | Modified Loans Only | >= 0 and >= 1 | ||
146 | Modification Effective Payment Date | Date of first payment due post modification. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Date | 20090914 | YYYYMMDD | Modified Loans Only | “19010101” if unknown | ||
147 | Total Capitalized Amount | Amount added to the principal balance of a loan due to the modification. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 12000 | 9(10).99 | Modified Loans Only | >= 0 | ||
148 | Total Deferred Amount | Any non-interest-bearing deferred amount (e.g., principal, interest and fees). | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 12000 | 9(10).99 | Modified Loans Only | >= 0 | ||
149 | Pre-Modification Interest (Note) Rate | Scheduled Interest Rate Of The Loan Immediately Preceding The Modification Effective Payment Date. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.075 | 9.999999 | Modified Loans Only | >= 0 to <= 1 | ||
150 | Pre-Modification P&I Payment | Scheduled Total Principal And Interest Payment Amount Preceding The Modification Effective Payment Date – or if servicer is no longer advancing P&I, the payment that would be in effect if the loan were current. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 2310.57 | 9(10).99 | Modified Loans Only | > 0 | ||
151 | Pre-Modification Initial Interest Rate Change Downward Cap | Maximum amount the rate can adjust downward on the first interest rate adjustment date (prior to modification) – Only provide if the rate floor is modified. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.015 | 9.999999 | Modified Loans Only | >= 0 to <= 1 | ||
152 | Pre-Modification Subsequent Interest Rate Cap | Maximum increment the rate can adjust upward AFTER the initial rate adjustment (prior to modification) – Only provide if the Cap is modified. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.015 | 9.999999 | Modified Loans Only | >= 0 to <= 1 | ||
153 | Pre-Modification Next Interest Rate Change Date | Next Interest Reset Date Under The Original Terms Of The Loan (one month prior to new payment due date). | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Date | 20090914 | YYYYMMDD | Modified Loans Only | “19010101” if unknown | ||
154 | Pre-Modification I/O Term | Interest Only Term (in months) preceding The Modification Effective Payment Date. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Integer | 36 | 999 | Modified Loans Only | >= 0 to <= 120 | ||
155 | Forgiven Principal Amount | The sum total of all principal balance reductions (as a result of loan modification) over the life of the loan. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 12000 | 9(10).99 | Modified Loans Only | >= 0 | ||
156 | Forgiven Interest Amount | The sum total of all interest incurred and forgiven (as a result of loan modification) over the life of the loan. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 12000 | 9(10).99 | Modified Loans Only | >= 0 | ||
157 | Number of Modifications | The number of times the loan has been modified. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Integer | 1 | 9 | Modified Loans Only | >= 0 | ||
158 | Cash To/From Brrw at Closing | Indicates
the amount of cash the borrower(s) paid into or received at closing. [HUD-1 Bottom Line] + [Earnest money] + [Paid Outside Closing Items] |
Numeric – Decimal | 100000.01 | 9(10).99 | |||||
159 | Brrw - Yrs at in Industry | Number of years the primary borrower has been working in their current industry | Numeric – Decimal | 9.9 | 9.999999 | |||||
160 | CoBrrw - Yrs at in Industry | Number of years the co-borrower has been working in their current industry | Numeric – Decimal | 8 | 9.999999 | |||||
161 | Junior Mortgage Drawn Amount | Applicable if the subject loan is a first mortgage. At the time of origination for the subject loan, the sum of the outstanding balance(s) for any junior mortgages (HELOCs and closed-end). | Numeric – Decimal | 100000.01 | 9(10).99 | |||||
162 | Maturity Date | Maturity date of mortgage | Date | 20420501 | YYYYMMDD | |||||
163 | Primary Borrower Wage Income (Salary) | The primary borrower's salary wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
164 | Primary Borrower Wage Income (Bonus) | The primary borrower's bonus wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
165 | Primary Borrower Wage Income (Commission) | The primary borrower's commission wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
166 | Co-Borrower Wage Income (Salary) | The coborrower's salary wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
167 | Co-Borrower Wage Income (Bonus) | The coborrower's bonus wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
168 | Co-Borrower Wage Income (Commission) | The coborrower's commission wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
169 | Originator Doc Code | Documentation Code value as presented by the seller. | Text | Full | XXXX | |||||
170 | RWT Income Verification | Internal Redwood Derived field. Due Diligence / Trade Desk derived value indicating the level of primary borrower asset verification | Text | 2 Years | XXXX | |||||
171 | RWT Asset Verification | Internal Redwood Derived field. Due Diligence / Trade Desk derived value indicating the level of primary borrower Income verification | Text | 2 Months | XXXX | |||||
MH-1 | Real Estate Interest | Indicates whether the property on which the manufactured home is situated is owned outright or subject to the terms of a short- or long-term lease. (A long-term lease is defined as a lease whose term is greater than or equal to the loan term.) | Manufactured Housing | Numeric – Integer | 2 | 99 | Manufactured Housing Loans Only | See Coding | 1 = Owned 2 = Short-term lease 3 = Long-term lease 99 = Unavailable |
|
MH-2 | Community Ownership Structure | If the manufactured home is situated in a community, a means of classifying ownership of the community. | Manufactured Housing | Numeric – Integer | 2 | 99 | Manufactured Housing Loans Only | See Coding | 1 = Public Institutional 2 = Public Non-Institutional 3 = Private Institutional 4 = Private Non-Institutional 5 = HOA-Owned 6 = Non-Community 99 = Unavailable |
|
MH-3 | Year of Manufacture | The year in which the home was manufactured (Model Year -- YYYY Format). Required only in cases where a full appraisal is not provided. | Manufactured Housing | Numeric – Integer | 2006 | YYYY | Manufactured Housing Loans Only | 1901 = Unavailable | ||
MH-4 | HUD Code Compliance Indicator (Y/N) | Indicates whether the home was constructed in accordance with the 1976 HUD code. In general, homes manufactured after 1976 comply with this code. | Manufactured Housing | Numeric – Integer | 1 | 9 | Manufactured Housing Loans Only | See Codes | 0 = No 1 = Yes 99 = Unavailable |
|
MH-5 | Gross Manufacturer’s Invoice Price | The total amount that appears on the manufacturer’s invoice (typically includes intangible costs such as transportation, association, on-site setup, service and warranty costs, taxes, dealer incentives, and other fees). | Manufactured Housing | Numeric – Decimal | 72570.62 | 9(10).99 | Manufactured Housing Loans Only | >= 0 | ||
MH-6 | LTI (Loan-to-Invoice) Gross | The ratio of the loan amount divided by the Gross Manufacturer’s Invoice Price (Field MH-5). | Manufactured Housing | Numeric – Decimal | 0.75 | 9.999999 | Manufactured Housing Loans Only | >= 0 to <= 1 | ||
MH-7 | Net Manufacturer’s Invoice Price | The Gross Manufacturer’s Invoice Price (Field MH-5) minus intangible costs, including: transportation, association, on-site setup, service, and warranty costs, taxes, dealer incentives, and other fees. | Manufactured Housing | Numeric – Decimal | 61570.62 | 9(10).99 | Manufactured Housing Loans Only | >= 0 | ||
MH-8 | LTI (Net) | The ratio of the loan amount divided by the Net Manufacturer’s Invoice Price (Field MH-7). | Manufactured Housing | Numeric – Decimal | 0.62 | 9.999999 | Manufactured Housing Loans Only | >= 0 to <= 1 | ||
MH-9 | Manufacturer Name | The manufacturer of the subject property. (To be applied only in cases where no appraised value/other type of property valuation is available.) | Manufactured Housing | Text | “XYZ Corp” | Char (100) | Manufactured Housing Loans Only (where no appraised value is provided) | MH Manufacturer name in double quotation marks | ||
MH-10 | Model Name | The model name of the subject property. (To be applied only in cases where no appraised value/other type of property valuation is available.) | Manufactured Housing | Text | “DX5-916-X” | Char (100) | Manufactured Housing Loans Only (where no appraised value is provided) | MH Model name in double quotation marks | ||
MH-11 | Down Payment Source | An indicator of the source of the down payment used by the borrower to acquire the property and qualify for the mortgage. | Manufactured Housing | Numeric – Integer | 2 | 99 | Manufactured Housing Loans Only | See Codes | 1 = Cash 2 = Proceeds from trade in 3 = Land in Lieu 4 = Other 99 = Unavailable |
|
MH-12 | Community/Related Party Lender (Y/N) | An indicator of whether the loan was made by the community owner, an affiliate of the community owner or the owner of the real estate upon which the collateral is located. | Manufactured Housing | Numeric – Integer | 1 | 99 | Manufactured Housing Loans Only | See Codes | 0 = No 1 = Yes 99 = Unavailable |
|
MH-13 | Defined Underwriting Criteria (Y/N) | An indicator of whether the loan was made in accordance with a defined and/or standardized set of underwriting criteria. | Manufactured Housing | Numeric – Integer | 1 | 99 | Manufactured Housing Loans Only | See Codes | 0 = No 1 = Yes 99 = Unavailable |
|
MH-14 | Chattel Indicator | An Indicator of whether the secured property is classified as chattel or Real Estate. | Manufactured Housing | Numeric – Integer | 1 | 99 | Manufactured Housing Loans Only | See Codes | 0 = Real
Estate 1 = Chattel 99 = Unavailable |
ATTACHMENT 2
SALE AND SERVICING AGREEMENT
EXHIBIT D-3
INITIAL AUTHORIZED REPRESENTATIVES OF THE SERVICER
Name | Title | Specimen Signature | ||
EXHIBIT F
REQUEST FOR RELEASE OF DOCUMENTS
To: | Wells Fargo Bank, N.A. | Date: _______________ |
751 Kasota Avenue
Minneapolis, MN 55414
Attn: WFDC Release Department.
Re: | Custodial Agreement, dated as of October 1, 2012, among Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee, Wells Fargo Bank, N.A., as Custodian, Sequoia Residential Funding, Inc., as Depositor, and Redwood Residential Acquisition Corporation, as Seller |
In connection with the administration of the Mortgage Loans held by you as Custodian for the Trustee pursuant to the above-captioned Custodial Agreement, we request the release of the Custodian’s Mortgage File for the Mortgage Loan described below, for the reason indicated.
Mortgage Loan Number: | Investor Number: | |
Mortgagor Name, Address & Zip Code: | Pool Number: |
Reason for Requesting Documents (check one):
_______ 1. Mortgage Paid in Full
_______ 2. Foreclosure
_______ 3. Substitution
_______ 4. Other Liquidation
_______ 5. Non-liquidation | Reason:__________________ |
For CMI Use Only:_____________ |
By:____________________________________________
(Authorized Signature)
Printed Name ___________________________________
Servicer Name:______________________________
Ship To Address: ________________________________
__________________________________
Phone: ______ ________________
Custodian
Please acknowledge the execution of the above request by your signature and date below:
Date | ||
Signature | ||
Documents returned to Custodian: | ||
Date | ||
Custodian |
EXHIBIT 10
FORM OF MONTHLY LOSS REPORT
Exhibit :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.
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. |
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. |
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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 ( ). |
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Exhibit 3A: Calculation of Realized Loss/Gain Form 332
Prepared by: __________________ | Date: _______________ |
Phone: ______________________ | Email Address:_____________________ |
Servicer Loan No.
|
Servicer Name
|
Servicer Address
|
WELLS FARGO BANK, N.A. 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) |
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(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) |
Page 4 of 5
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Escrow Disbursement Detail
Type (Tax /Ins.) |
Date Paid |
Period of Coverage |
Total Paid |
Base Amount |
Penalties | Interest | |||||||
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EXHIBIT 11
FORM OF DELINQUENCY REPORTING
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Exhibit : Standard File Layout – Delinquency Reporting
*The column/header names in bold are the minimum fields Wells 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 |
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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 |
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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 ($) |
FHA_PART_B_CLAIM_PAID_DATE | Date HUD Disbursed Part B Claim Payment | MM/DD/YYYY | |
FHA_PART_B_CLAIM_PAID_AMT | Amount HUD Paid on Part B Claim | 2 | No commas(,) or dollar signs ($) |
Page 3 of 7
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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 |
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· | SS- | Short Sale |
· | MISC- | Anything else approved by the PMI or Pool Insurer |
NOTE: Wells 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 Wells 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 |
Page 5 of 7
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Exhibit 2: 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 mortgagor’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 |
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Exhibit 2: 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 |
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Page
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ARTICLE I: DEFINITIONS
|
1
|
||
Section 1.01
|
Defined Terms
|
1
|
|
Section 1.02
|
Delinquency
|
20
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ARTICLE II: SALE AND CONVEYANCE OF MORTGAGE LOANS; POSSESSION OF MORTGAGE FILES; BOOKS AND RECORDS; DELIVERY OF MORTGAGE LOAN DOCUMENTS
|
20
|
||
Section 2.01
|
Sale and Conveyance of Mortgage Loans
|
20
|
|
Section 2.02
|
Possession of Mortgage Files
|
22
|
|
Section 2.03
|
Books and Records
|
22
|
|
Section 2.04
|
Defective Documents; Delivery of Mortgage Loan Documents
|
22
|
|
Section 2.05
|
Transfer of Mortgage Loans
|
24
|
|
Section 2.06
|
Mortgage Loan Schedule
|
25
|
|
Section 2.07
|
Helping Families Notice
|
25
|
|
ARTICLE III: REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE SELLER; REPURCHASE AND SUBSTITUTION; REVIEW OF MORTGAGE LOANS
|
26
|
||
Section 3.01
|
Representations and Warranties of Seller and Servicer
|
26
|
|
Section 3.02
|
Representations and Warranties of the Servicer
|
29
|
|
Section 3.03
|
Representations and Warranties as to Individual Mortgage Loans.
|
29
|
|
Section 3.04
|
Repurchase and Substitution.
|
43
|
|
Section 3.05
|
Repurchase of Mortgage Loans With Early Payment Default
|
46
|
|
Section 3.06
|
Purchase Price Protection
|
47
|
|
Section 3.07
|
Certain Covenants of Seller and the Servicer.
|
47
|
|
ARTICLE IV: REPRESENTATIONS AND WARRANTIES OF THE PURCHASER AND CONDITIONS PRECEDENT TO FUNDING
|
48
|
||
Section 4.01
|
Representations and Warranties
|
48
|
|
Section 4.02
|
Conditions Precedent to Closing
|
51
|
|
ARTICLE V: ADMINISTRATION AND SERVICING OF MORTGAGE LOANS
|
51
|
||
Section 5.01
|
Servicing Standards; Additional Documents; Consent of Purchaser.
|
51
|
Section 5.02
|
Collection of Mortgage Loan Payments
|
55
|
|
Section 5.03
|
Notice of Foreclosure Sale
|
55
|
|
Section 5.04
|
Establishment of Collection Account; Deposits in Collection Account
|
55
|
|
Section 5.05
|
Permitted Withdrawals from the Collection Account
|
56
|
|
Section 5.06
|
Establishment of Escrow Accounts; Deposits in Escrow
|
58
|
|
Section 5.07
|
Permitted Withdrawals From Escrow Accounts
|
58
|
|
Section 5.08
|
Payment of Taxes, Insurance and Other Charges; Maintenance of Primary Insurance Policies; Collections Thereunder
|
59
|
|
Section 5.09
|
Transfer of Accounts
|
60
|
|
Section 5.10
|
Maintenance of Hazard Insurance
|
60
|
|
Section 5.11
|
[Reserved]
|
61
|
|
Section 5.12
|
Fidelity Bond; Errors and Omissions Insurance
|
62
|
|
Section 5.13
|
Realization Upon Specially Serviced Mortgage Loans and REO Properties
|
62
|
|
Section 5.14
|
Management of REO Properties
|
63
|
|
Section 5.15
|
Sale of REO Properties
|
65
|
|
Section 5.16
|
Investment of Funds in the Collection Account
|
65
|
|
Section 5.17
|
MERS
|
66
|
|
Section 5.18
|
Pledged Asset Mortgage Loans
|
66
|
|
ARTICLE VI: REPORTS; REMITTANCES; ADVANCES
|
70
|
||
Section 6.01
|
Remittances
|
70
|
|
Section 6.02
|
Reporting
|
71
|
|
Section 6.03
|
Monthly Advances by the Servicer
|
72
|
|
Section 6.04
|
Non-recoverable Advances
|
72
|
|
Section 6.05
|
Officer’s Certificate.
|
73
|
|
ARTICLE VII: GENERAL SERVICING PROCEDURE
|
73
|
||
Section 7.01
|
Enforcement of Due-on-Sale Clauses, Assumption Agreements
|
73
|
|
Section 7.02
|
Satisfaction of Mortgages and Release of Mortgage Files
|
74
|
|
Section 7.03
|
Servicing Compensation
|
75
|
|
Section 7.04
|
Inspections
|
75
|
|
Section 7.05
|
Restoration of Mortgaged Property
|
75
|
|
Section 7.06
|
Purchaser’s Right to Examine Servicer Records; Reports
|
76
|
|
Section 7.07
|
Fair Credit Reporting Act
|
76
|
ARTICLE VIII: FINANCIAL STATEMENTS
|
76
|
||
Section 8.01
|
Servicer Financial Statements
|
76
|
|
Section 8.02
|
Purchaser Financial Statements
|
77
|
|
ARTICLE IX: THE SERVICER
|
77
|
||
Section 9.01
|
Indemnification; Third Party Claims
|
77
|
|
Section 9.02
|
Merger or Consolidation of the Servicer
|
78
|
|
Section 9.03
|
Limitation on Liability of the Servicer and Others
|
78
|
|
Section 9.04
|
Seller and Servicer Not to Resign
|
79
|
|
ARTICLE X: DEFAULT
|
79
|
||
Section 10.01
|
Events of Default
|
79
|
|
Section 10.02
|
Waiver of Default
|
81
|
|
ARTICLE XI: TERMINATION
|
81
|
||
Section 11.01
|
Term and Termination
|
81
|
|
Section 11.02
|
Survival
|
82
|
|
ARTICLE XII: GENERAL PROVISIONS
|
82
|
||
Section 12.01
|
Successor to the Servicer
|
82
|
|
Section 12.02
|
Governing Law; Choice of Forum; Waiver of Jury Trial
|
83
|
|
Section 12.03
|
Notices
|
83
|
|
Section 12.04
|
Severability of Provisions
|
83
|
|
Section 12.05
|
Schedules and Exhibits
|
84
|
|
Section 12.06
|
General Interpretive Principles
|
84
|
|
Section 12.07
|
Waivers and Amendments, Noncontractual Remedies; Preservation of Remedies
|
85
|
|
Section 12.08
|
Captions
|
85
|
|
Section 12.09
|
Counterparts; Effectiveness
|
85
|
|
Section 12.10
|
Entire Agreement
|
85
|
|
Section 12.11
|
Further Assurances
|
85
|
|
Section 12.12
|
Intention of the Seller
|
86
|
|
ARTICLE XIII: COMPLIANCE WITH REGULATION AB
|
86
|
||
Section 13.01
|
Intent of the Parties; Reasonableness.
|
86
|
|
Section 13.02
|
Additional Representations and Warranties of Seller and Servicer.
|
87
|
Section 13.03
|
Information to Be Provided by Seller and Servicer.
|
87
|
|
Section 13.04
|
Servicer Compliance Statement.
|
92
|
|
Section 13.05
|
Report on Assessment of Compliance and Attestation.
|
92
|
|
Section 13.06
|
Use of Subservicers and Subcontractors.
|
93
|
|
Section 13.07
|
Indemnification; Remedies.
|
95
|
|
Section 13.08
|
Third-party Beneficiary
|
97
|
Schedule A
|
Mortgage Loan Schedule
|
Schedule B-1
|
Legal Documents
|
Schedule B-2
|
Credit Documents
|
Exhibit 1.01
|
Designated Guidelines
|
Exhibit 2.05
|
Form of Assignment, Assumption and Recognition Agreement
|
Exhibit 2.07
|
Form of Notice of Sale of Ownership of Mortgage Loan
|
Exhibit 5.01(a)
|
Form of Limited Power of Attorney
|
Exhibit 5.03
|
Form of Notice of Foreclosure Sale
|
Exhibit 5.04
|
Form of Collection Account Letter Agreement
|
Exhibit 5.06
|
Form of Escrow Account Letter Agreement
|
Exhibit 6.02
|
Monthly Accounting Report
|
Exhibit 9
|
Form of Officer’s Certificate
|
Exhibit 10
|
Form of Warranty Bill of Sale
|
Exhibit 11
|
Form of Sarbanes-Oxley Certification
|
Exhibit 12
|
Servicing Criteria to be Addressed in Assessment of Compliance
|
REDWOOD RESIDENTIAL ACQUISITION CORPORATION
|
|
By:
|
/s/ John Isbrandtsen |
Name: John Isbrandtsen
|
|
Title: Managing Director and President
|
|
PHH MORTGAGE CORPORATION
|
|
By:
|
/s/ Mark Johnson |
Name: Mark Johnson
|
|
Title: SVP and Treasurer
|
ASSIGNOR:
|
|||
[__________________]
|
|||
By:
|
|||
Name:
|
|||
Title:
|
|||
SELLER:
|
|||
PHH MORTGAGE CORPORATION
|
|||
By:
|
|||
Name:
|
|||
Title:
|
|||
ASSIGNEE:
|
|||
By:
|
|||
Name:
|
|||
Title:
|
|||
SERVICER:
|
|||
PHH MORTGAGE CORPORATION
|
|||
By:
|
|||
Name:
|
|||
Title:
|
LOAN INFORMATION
|
Date of Loan:
|
Original Amount of Loan:
|
Date Your Loan was Sold to the New Creditor:
|
Address of Mortgaged Property:
|
SERVICER INFORMATION
|
Name:
|
Mailing Address:
|
Telephone Number (Toll free):
|
NEW CREDITOR INFORMATION
|
Name:
|
Mailing Address: (not for payments):
|
Telephone Number (Toll free):
|
AGENT INFORMATION (If we have granted an agent other than the servicer authority to act on our behalf, contact information for such agent will appear below):
|
Name:
|
Mailing Address:
|
Telephone Number (Toll free):
|
|
The transfer of the lien associated with your loan is currently recorded, or in the future may be recorded, in the public records of the local County Recorder’s office for the county where your property is located. If checked ¨, ownership of your loan is also recorded on the registry of the Mortgage Electronic Registrations System at 1818 Library Street, Suite 300, Reston, VA 20190.
|
|
[Confirm if applicable] Your loan has been securitized and we own legal title to your loan acting as trustee of the related securitization trust (the “Trust”) for the benefit of the holders (the “Holders”) of the mortgage-backed securities issued by the Trust. Our rights and obligations, as trustee, are defined in one or more contracts among us, the Holders and certain other parties. As a result, our authority to respond favorably to your requests or inquiries may be limited by the terms of such contracts.
|
REDWOOD RESIDENTIAL ACQUISITION
CORPORATION, Purchaser
|
||
By:
|
||
Name:
|
||
Title:
|
State of Iowa
|
)
|
County of Polk
|
)
|
PHH Mortgage Corporation
|
|||
By:
|
|||
(Print Name):
|
|||
(Title):
|
To:
|
Wells Fargo Bank
|
Loan Number
|
Investor Loan Number
|
Investor Id
|
Category Code
|
Deal Name
|
Reason for Default
|
Breach Letter Date
|
Mortgagor First Name
|
Mortgagor Last Name
|
Property Street Address
|
City Name
|
Property Alpha State Code
|
Property ZIP Code
|
Next Payment Due Date
|
MI Company
|
MI Coverage %
|
Bankruptcy Status Code
|
Bankruptcy Filing Date
|
|
Bankruptcy Chapter Type
|
|
Bankruptcy Case Number
|
|
Bankruptcy Post Petition Due Date
|
|
Bankruptcy Discharge Date
|
|
Bankruptcy Dismissal Date
|
|
Loss Mitigation Status Code
|
To include Short sale and loan modification
|
Loss Mit Approval Date
|
|
Loss Mit Type
|
|
Modified Rate
|
|
Modified First payment date
|
|
Balloon
|
(Y) (N)
|
Balloon Amount
|
|
Amortization Term
|
|
Capitalized Amount
|
|
Principle Forbearance
|
|
Short Sale
|
(Y) (N)
|
Short Sale Sales Price
|
|
Short Sale Completed Date
|
|
Foreclosure Status Code
|
|
Foreclosure Attorney Referral Date
|
|
First Legal Date
|
|
Foreclosure Property Value
|
|
Foreclosure Property Value Type
|
|
Foreclosure Property Value Date
|
|
Scheduled Foreclosure Date
|
|
Foreclosure Sale Date
|
|
Foreclosure Sale Amount
|
|
REO Status Code
|
|
Expenses to Date
|
|
REO Eviction Start Date
|
|
REO Eviction Completed Date
|
|
REO Original Listing Price Amount
|
|
REO Current Listing Price Amount
|
|
REO Listing Start Date
|
|
REO Accepted Offer Amount
|
|
REO Accepted Offer Date
|
|
REO Completed Date
|
|
Occupancy Current Status Code
|
|
Property Condition
|
|
Property Inspection Date
|
|
Appraisal Date
|
|
Current Property Value
|
|
Repaired Property Value
|
|
Original Mortgage Amount
|
|
PHH MORTGAGE CORPORATION
|
|
(Seller)
|
|
By:
|
|
Name:
|
|
Title:
|
PHH Mortgage Corporation
|
||
By:
|
||
[Name]
|
||
[Title]
|
||
Date:
|
SERVICING CRITERIA
|
APPLICABLE
SERVICING
CRITERIA
|
|
Reference
|
Criteria
|
|
General Servicing Considerations
|
||
1122(d)(1)(i)
|
Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements.
|
X
|
1122(d)(1)(ii)
|
If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities.
|
X
|
1122(d)(1)(iii)
|
Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained.
|
X
|
1122(d)(1)(iv)
|
A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements.
|
X
|
Cash Collection and Administration
|
||
1122(d)(2)(i)
|
Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements.
|
X
|
1122(d)(2)(ii)
|
Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.
|
X
|
1122(d)(2)(iii)
|
Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements.
|
X
|
1122(d)(2)(iv)
|
The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.
|
|
1122(d)(2)(v)
|
Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act.
|
X
|
1122(d)(2)(vi)
|
Unissued checks are safeguarded so as to prevent unauthorized access.
|
X
|
1122(d)(2)(vii)
|
Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements.
|
X
|
SERVICING CRITERIA
|
APPLICABLE
SERVICING
CRITERIA
|
|
Reference
|
Criteria
|
|
Investor Remittances and Reporting
|
||
1122(d)(3)(i)
|
Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of mortgage loans serviced by the Servicer.
|
X
|
1122(d)(3)(ii)
|
Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements.
|
X
|
1122(d)(3)(iii)
|
Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements.
|
X
|
1122(d)(3)(iv)
|
Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.
|
X
|
Pool Asset Administration
|
||
1122(d)(4)(i)
|
Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents.
|
X
|
1122(d)(4)(ii)
|
Mortgage loan and related documents are safeguarded as required by the transaction agreements
|
X
|
1122(d)(4)(iii)
|
Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements.
|
X
|
1122(d)(4)(iv)
|
Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage loan documents.
|
X
|
1122(d)(4)(v)
|
The Servicer’s records regarding the mortgage loans agree with the Servicer’s records with respect to an obligor’s unpaid principal balance.
|
X
|
1122(d)(4)(vi)
|
Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.
|
X
|
1122(d)(4)(vii)
|
Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements.
|
X
|
1122(d)(4)(viii)
|
Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment).
|
X
|
1122(d)(4)(ix)
|
Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents.
|
X
|
SERVICING CRITERIA
|
APPLICABLE
SERVICING
CRITERIA
|
|
Reference
|
Criteria
|
|
1122(d)(4)(x)
|
Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements.
|
X
|
1122(d)(4)(xi)
|
Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.
|
X
|
1122(d)(4)(xii)
|
Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission.
|
X
|
1122(d)(4)(xiii)
|
Disbursements made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the servicer, or such other number of days specified in the transaction agreements.
|
X
|
1122(d)(4)(xiv)
|
Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.
|
X
|
1122(d)(4)(xv)
|
Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements.
|
|
|
1.
|
The original Mortgage Note bearing all intervening endorsements, endorsed, at the direction of the Purchaser “Pay to the order of _________, without recourse,” and signed in the name of the Seller by an authorized officer. To the extent that there is no space on the face of the Mortgage Notes for endorsements, the endorsement may be contained on an allonge, if state law so allows and the Purchaser is so advised by the Seller that state law so allows. In the event that the original Mortgage Note is lost, a lost note affidavit, together with a copy of the Note will be provided.
|
|
2.
|
If the Mortgage Loan is not a MERS Mortgage Loan, the original Assignment of Mortgage for each Mortgage Loan, in form and substance acceptable for recording. The Mortgage shall be assigned, at the direction of the Purchaser with assignee's name left blank. The Assignment of Mortgage must be duly recorded only on the direction of the Purchaser. If the Mortgage Loan was acquired by the Seller in a merger, the Assignment of Mortgage must be made by “PHH Mortgage Corporation, successor by merger to [name of predecessor].” If the Mortgage Loan was acquired or originated by the Company while doing business under another name or under an assumed name, the Assignment must be by “PHH Mortgage Corporation formerly known as [previous name] or [PHH Mortgage Corporation dba ______________, ] respectively.
|
|
3.
|
With respect to each Pledged Asset Mortgage Loan, a copy of the related Control Agreement and Pledged Asset Agreement.
|
|
4.
|
With respect to each Pledged Asset Mortgage Loan, a copy of the UCC-1, to the extent the Pledged Asset Servicer was required to deliver such UCC-1 to Servicer, and an original form UCC-3, if applicable, to the extent the Pledged Asset Servicer was required to deliver such UCC-3 to Servicer, together with any instrument required to be delivered under the related Surety Bond for transferring coverage under such Surety Bond.
|
|
5.
|
With respect to each Cooperative Loan, the original Stock Certificate and related Stock Power, in blank, executed by the Mortgagor with such signature guaranteed and original Stock Power, in blank executed by the Seller provided, that if the Seller delivers a certified copy, the Seller shall deliver the original Stock Certificate and Stock Powers to the Custodian on or prior to the date which is 180 days after the related Funding Date.
|
|
1.
|
The original Mortgage with evidence of recording thereon. If in connection with any Mortgage Loan, the Seller cannot deliver or cause to be delivered the original Mortgage with evidence of recording thereon on or prior to the Funding Date because of a delay caused by the public recording office where such Mortgage has been delivered for recordation or because such Mortgage has been lost or because such public recording office retains the original recorded Mortgage, the Seller shall deliver or cause to be delivered to the Custodian, a photocopy of such Mortgage, together with (i) in the case of a delay caused by the public recording office, an Officer’s Certificate of the Seller (or certified by the title company, escrow agent, or closing attorney) stating that such Mortgage has been dispatched to the appropriate public recording office for recordation and that the original recorded Mortgage or a copy of such Mortgage certified by such public recording office to be a true and complete copy of the original recorded Mortgage will be promptly delivered to the Custodian upon receipt thereof by the Seller; or (ii) in the case of a Mortgage where a public recording office retains the original recorded Mortgage or in the case where a Mortgage is lost after recordation in a public recording office, a copy of such Mortgage certified by such public recording office to be a true and complete copy of the original recorded Mortgage.
|
|
2.
|
To the extent applicable, the original of each power of attorney, surety agreement or guaranty agreement with respect to such Mortgage Loan.
|
|
3.
|
Originals of any executed intervening assignments of the Mortgage, with evidence of recording thereon or, if the original intervening assignment has not yet been returned from the recording office, a copy of such assignment certified by the Seller to be a true copy of the original of the assignment which has been sent for recording in the appropriate jurisdiction in which the Mortgaged Property is located.
|
|
4.
|
Originals of all assumption, modification and substitution agreements, if any, or, if the originals of any such assumption, modification and substitution agreements have not yet been returned from the recording office, a copy of such instruments certified by the Seller to be a true copy of the original of such instruments which have been sent for recording in the appropriate jurisdictions in which the Mortgaged Properties are located.
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5.
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The original mortgagee policy of title insurance or, in the event such original title policy is unavailable, a certified true copy of the related policy binder or commitment for title certified to be true and complete by the title insurance company, in each case, including an Environmental Protection Agency Endorsement and an adjustable-rate endorsement.
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6.
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With respect to each Cooperative Loan, the original Recognition Agreement and the original Assignment of Recognition Agreement.
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7.
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With respect to each Cooperative Loan, an Estoppel Letter and/or Consent.
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8.
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With respect to each Cooperative Loan, the Cooperative Lien Search.
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9.
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With respect to each Cooperative Loan, the guaranty of the Mortgage Note and Cooperative Loan, if any.
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10.
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With respect to each Cooperative Loan, the original Cooperative Pledge Agreement.
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11.
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With respect to each Cooperative Loan, the original Proprietary Lease and the Assignment of Proprietary Lease executed by the Mortgagor in blank or if the Proprietary Lease has been assigned by the Mortgagor to the Seller, then the Seller must execute an assignment of the Assignment of Proprietary Lease in blank.
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12.
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With respect to each Cooperative Loan, the recorded state and county Financing Statements and Financing Statement Changes.
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1.
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Mortgage File Cover Sheet Checklist - Inside File.
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2.
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Borrower’s Authorization to Obtain Information.
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3.
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Fannie Mae 1008 or Underwriter’s Worksheet (CUW2).
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4.
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Final Signed Typed Loan Application (Form 1003 or personal profile).
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5.
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Initial Signed Loan Application (personal profile, handwritten or typed).
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6
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Credit Report(s), Merged In-file or RMCR.
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7.
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Borrower’s explanations (credit, employment, etc.).
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8.
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VOM(s) or other form of verification(s).
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9.
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Separation agreement, divorce decree.
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10.
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Miscellaneous Credit Documents.
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11.
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Copy or Original initial VOE(s), including the executed 4506T.
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12.
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Paystubs dated with 30 days of closing.
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13.
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IRS Form W-2’s (for wage earner).
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14.
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IRS Form 1040’s, 1120’s, 1065’s, etc.
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15.
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Leases.
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16.
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All documentation required to support Borrower’s cash flow for loans originated.
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17.
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Copy or Original VOD(s) or source of funds to close.
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18.
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Gift Letter.
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19.
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Verification of original purchase price, real estate sales contract, Mortgage Loan closing statement (Form HUD-1) and any other truth-in-lending or real estate settlement procedure forms required by law.
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20.
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Appraisal, including original photos of subject and comps.
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21.
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Review Appraisal or second full Appraisal.
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22.
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442 Final Inspection.
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23.
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Copy or Original Contract of Sale.
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24.
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Copy of each instrument necessary to complete identification of any exception set forth in the exception schedule in the title policy, e.g., map or plat, restrictions, easements, sewer agreements, home association declarations, etc.
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25.
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Copies of all required disclosure statements.
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26.
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Tax receipts, insurance premium receipts, ledger sheets, payment records, insurance claim files and correspondence, correspondence, current and historical computerized data files, underwriting standards used for origination and all other papers and records developed or originated by Seller or others, required to document the Mortgage Loan or to service the Mortgage Loan.
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27.
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Any documentation provided by a Mortgagor or obtained by the Seller in connection with the granting of any underwriting exception.
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28.
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Any other documents, dated prior to the applicable Funding Date, relating to the underwriting, origination or servicing of the Mortgage Loan.
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29.
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The Primary Insurance Policy or certificate of insurance or electronic notation of existence of such policy.
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EXHIBIT 10.7
ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT
This is an Assignment, Assumption and Recognition Agreement (the “Agreement”) made as of the 30th day of October, 2012, among Redwood Residential Acquisition Corporation, a Delaware corporation (“Assignor”), Sequoia Residential Funding, Inc., a Delaware corporation (“Depositor”), Christiana Trust, a division of Wilmington Savings Fund Society, FSB, a federal savings bank, not in its individual capacity but solely as trustee (in such capacity, the “Trustee” and as referred to herein, the “Assignee”) under a Pooling and Servicing Agreement dated as of October 1, 2012 (the “Pooling and Servicing Agreement”), and PHH Mortgage Corporation, a New Jersey corporation (“PHH”).
In consideration of the mutual promises contained herein, the parties hereto agree that the mortgage loans (the “Mortgage Loans”) listed on Attachment 1 (the “Mortgage Loan Schedule”) now serviced by PHH (together with its successors and assigns, the “Servicer”) for Assignor and its successors and assigns pursuant to the Mortgage Loan Flow Purchase, Sale and Servicing Agreement dated as of July 21, 2010, between Assignor and PHH (the “Purchase and Servicing Agreement”) and the servicing thereof shall be subject to the terms of the Purchase and Servicing Agreement as modified or supplemented by this Agreement. Unless otherwise specified herein, capitalized terms used herein but not defined shall have the meanings ascribed to them in the Purchase and Servicing Agreement. Assignor will sell the Mortgage Loans to Depositor pursuant to a Mortgage Loan Purchase and Sale Agreement dated the date hereof, and Depositor will sell the Mortgage Loans to Assignee pursuant to the Pooling and Servicing Agreement.
Assignment and Assumption
1. Assignor hereby grants, transfers and assigns to Depositor all of its right, title and interest in, to and under the Purchase and Servicing Agreement to the extent relating to the Mortgage Loans, together with its obligations as “Purchaser” (as such term is defined in the Purchase and Servicing Agreement) to the extent relating to the Mortgage Loans, and Depositor hereby accepts such assignment from Assignor and assumes such obligations.
2. [Reserved].
3. Depositor hereby grants, transfers and assigns to Assignee all of its right, title and interest in, to and under the Purchase and Servicing Agreement to the extent relating to the Mortgage Loans, together with its obligations as “Purchaser” (as such term is defined in the Purchase and Servicing Agreement) to the extent relating to the Mortgage Loans, Depositor is released from all obligations under the Purchase and Servicing Agreement, and Assignee hereby accepts such assignment from Depositor and assumes such obligations.
4. [Reserved].
5. Assignee agrees to be bound, as “Purchaser” (as such term is defined in the Purchase and Servicing Agreement), by all of the terms, covenants and conditions of the Purchase and Servicing Agreement relating to the Mortgage Loans, and from and after the date hereof, Assignee assumes for the benefit of each of Assignor, Depositor and PHH all of Assignor's obligations as Purchaser thereunder in respect of the Mortgage Loans, and Assignor is released from such obligations.
6. [Reserved].
7. PHH hereby acknowledges the foregoing assignments and assumptions and agrees that Assignee shall be the “Purchaser” under the Purchase and Servicing Agreement with respect to the Mortgage Loans.
Representations and Warranties
8. Assignor warrants and represents to, and covenants with, Depositor, Assignee and PHH as of the date hereof that:
(a) Attached hereto as Attachment 2 is a true and accurate copy of the Purchase and Servicing Agreement, which agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder;
(b) Assignor is the lawful owner of its interests, rights and obligations under the Purchase and Servicing Agreement to the extent of the Mortgage Loans, free and clear from any and all claims and encumbrances whatsoever, and upon the transfer of such interests, rights and obligations to Assignee as contemplated herein, Assignee shall have good title to all of Assignee's interests, rights and obligations under the Purchase and Servicing Agreement to the extent of the Mortgage Loans, free and clear of all liens, claims and encumbrances;
(c) There are no offsets, counterclaims or other defenses available to PHH with respect to the Mortgage Loans under the Purchase and Servicing Agreement;
(d) Assignor is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has all requisite power and authority to enter into and perform its obligations under the Purchase and Servicing Agreement;
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(e) Assignor has full corporate power and authority to execute, deliver and perform its obligations under this Agreement, and to consummate the transactions set forth herein. The consummation of the transactions contemplated by this Agreement is in the ordinary course of Assignor’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of Assignor’s charter or by-laws or any legal restriction, or any material agreement or instrument to which Assignor is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which Assignor or its property is subject. The execution, delivery and performance by Assignor of this Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on the part of Assignor. This Agreement has been duly executed and delivered by Assignor and, upon the due authorization, execution and delivery by the other parties hereto, will constitute the valid and legally binding obligation of Assignor enforceable against Assignor in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law; and
(f) No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by Assignor in connection with the execution, delivery or performance by Assignor of this Agreement, or the consummation by it of the transactions contemplated hereby.
9. Depositor warrants and represents to, and covenants with, Assignor, Assignee and PHH that as of the date hereof:
(a) Depositor is a Delaware corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation;
(b) Depositor has full corporate power and authority to execute, deliver and perform its obligations under this Agreement, and to consummate the transactions set forth herein. The consummation of the transactions contemplated by this Agreement is in the ordinary course of Depositor’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of Depositor’s charter or by-laws or any legal restriction, or any material agreement or instrument to which Depositor is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which Depositor or its property is subject. The execution, delivery and performance by Depositor of this Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on part of Depositor. This Agreement has been duly executed and delivered by Depositor and, upon the due authorization, execution and delivery by the other parties hereto, will constitute the valid and legally binding obligation of Depositor enforceable against Depositor in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law; and
(c) No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by Depositor in connection with the execution, delivery or performance by Depositor of this Agreement, or the consummation by it of the transactions contemplated hereby other than any that have been obtained or made.
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10. Assignee warrants and represents to, and covenants with, Assignor, Depositor and PHH that as of the date hereof:
(a) Assignee is a federal savings bank duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization; and
(b) Assignee has been directed to enter into this Agreement pursuant to the provisions of the Pooling and Servicing Agreement. The execution, delivery and performance by Assignee of this Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary action on part of Assignee. This Agreement has been duly executed and delivered by Assignee and, upon the due authorization, execution and delivery by Assignor, will constitute the valid and legally binding obligation of Assignee enforceable against Assignee in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law.
11. PHH warrants and represents to, and covenants with, Assignor, Depositor and Assignee as of the date hereof that:
(a) Attached hereto as Attachment 2 is a true and accurate copy of the Purchase and Servicing Agreement, which agreement is in full force and effect as of the date hereof and, except to the extent modified by this Agreement, the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder;
(b) PHH is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has all requisite power and authority to service the Mortgage Loans pursuant to the Purchase and Servicing Agreement and otherwise to perform its obligations under the Purchase and Servicing Agreement;
(c) PHH has full corporate power and authority to execute, deliver and perform its obligations under this Agreement, and to consummate the transactions set forth herein. The consummation of the transactions contemplated by this Agreement is in the ordinary course of PHH’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of PHH’s charter or by-laws or any legal restriction, or any material agreement or instrument to which PHH is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which PHH or its property is subject. The execution, delivery and performance by PHH of this Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on part of PHH. This Agreement has been duly executed and delivered by PHH and, upon the due authorization, execution and delivery by Assignor and Assignee, will constitute the valid and legally binding obligation of PHH enforceable against PHH in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law; and
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(d) No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by PHH in connection with the execution, delivery or performance by PHH of this Agreement, or the consummation by it of the transactions contemplated hereby.
Restated PHH Representations and Warranties
12. (i) [Reserved].
(ii) Pursuant to Section 3.07 of the Purchase and Servicing Agreement, PHH hereby restates to Depositor and Assignee (a) the representations and warranties set forth in Sections 3.01 and 3.02 of the Purchase and Servicing Agreement as of the date hereof and (b) the representations and warranties set forth in Section 3.03 of the Purchase and Servicing Agreement with respect to each Mortgage Loan as of the respective Funding Date, as if such representations and warranties were set forth herein in full. In the event of a breach of any representations and warranties set forth in Sections 3.01, 3.02 or 3.03 of the Purchase and Servicing Agreement as of the Funding Date or the date hereof, as the case may be, Depositor and Assignee shall be entitled to all of the remedies set forth in the Purchase and Servicing Agreement.
Repurchase Upon Breach of Representations and Warranties
13. (a) Assignor hereby covenants and agrees that, if a breach of any representation and warranty set forth in Section 3.03 of the Purchase and Servicing Agreement exists on the date hereof that materially and adversely affects the value of any Mortgage Loan or the interest of Assignee in any Mortgage Loan and such breach did not exist as of the Funding Date of that Mortgage Loan, Assignor shall have a period of 60 days from the earlier of either discovery or receipt of written notice from Assignee to Assignor of such breach within which to correct or cure such breach. Each determination as to whether there has been such a breach shall be conducted on a Mortgage Loan-by-Mortgage Loan basis. A breach of representations and warranties in the first sentence of Section 3.03(21) and Sections 3.03(41) and (52) of the Purchase and Servicing Agreement shall be deemed to materially and adversely affect the value of the related Mortgage Loan and the interest of the Assignee therein. Assignor hereby covenants and agrees that if any breach cannot be corrected or cured within such 60 day period, then Assignor shall, at its option, (i) substitute a mortgage loan for the Defective Mortgage Loan in accordance with the Purchase and Servicing Agreement, (ii) repurchase the related Mortgage Loan at the Repurchase Price or (iii) except for a breach of a representation and warranty in Section 3.03(52) of the Purchase and Sale Agreement, make an indemnification payment in an amount equal to the reduction in value of such Mortgage Loan as a result of such breach not later than 90 days after its discovery or receipt of notice of such breach and in the case of clauses (ii) and (iii) above, by wire transfer of immediately available funds to such account as Assignee shall specify to Assignor.
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(b) Assignor and Assignee agree that the resolution of any controversy or claim arising out of or relating to an obligation or alleged obligation of Assignor to repurchase a Mortgage Loan or Mortgage Loans pursuant to Section 13(a) above shall be by Arbitration administered by the American Arbitration Association. If any such controversy or claim has not been resolved to the satisfaction of both Assignor and Assignee, either party may commence Arbitration to resolve the dispute; provided that a party may commence Arbitration with respect to one or more unresolved allegations only during the months of January, April, July and October, and all matters with respect to which Arbitration has been commenced in any such month shall be heard in a single Arbitration in the immediately following month or as soon as practicable thereafter.
(c) To commence Arbitration, the moving party shall deliver written notice to the other party that it has elected to pursue Arbitration in accordance with this Section 13, provided that if Assignor has not responded to Assignee's notification of a breach of a representation and warranty, Assignee shall not commence Arbitration with respect to that breach before 60 days following such notification in order to provide Assignor with an opportunity to respond to such notification. Within 10 Business Days after a party has provided notice that it has elected to pursue Arbitration, each party may submit the names of one or more proposed Arbitrators to the other party in writing. If the parties have not agreed on the selection of an Arbitrator within five Business Days after the first such submission, then the party commencing Arbitration shall, within the next 5 Business Days, notify the American Arbitration Association in New York, New York and request that it appoint a single Arbitrator with experience in arbitrating disputes arising in the financial services industry.
(d) It is the intention of the parties that Arbitration shall be conducted in as efficient and cost-effective a manner as is reasonably practicable, without the burden of discovery. Accordingly, the Arbitrator will resolve the dispute on the basis of a review of the written correspondence between the parties (including any supporting materials attached to such correspondence) conveyed by the parties to each other in connection with the dispute prior to the delivery of notice to commence Arbitration; however, upon a showing of good cause, a party may request the Arbitrator to direct the production of such additional information, evidence and/or documentation from the parties that the Arbitrator deems appropriate. If requested by the Arbitrator or any party, any hearing with respect to an Arbitration shall be conducted by video conference or teleconference except upon the agreement of both parties or the request of the Arbitrator.
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(e) The finding of the Arbitrator shall be final and binding upon the parties. Judgment upon any arbitration award rendered may be entered and enforced in any court of competent jurisdiction. The costs of the Arbitrator shall be shared equally between both parties. Each party, however, shall bear its own attorneys fees and costs in connection with the Arbitration.
Recognition of Assignee
14. (a) From and after the date hereof, subject to Sections 16 and 17 below, PHH shall recognize Assignee as owner of the Mortgage Loans and will service the Mortgage Loans and perform its obligations hereunder and under the Purchase and Servicing Agreement for the benefit of the Assignee in accordance with this Agreement and the Purchase and Servicing Agreement, each as modified hereby and as may be amended from time to time, as if Assignee and PHH had entered into a separate purchase and servicing agreement for the purchase and servicing of the Mortgage Loans.
(b) [Reserved].
(c) It is the intention of Assignor, Depositor, PHH and Assignee that this Agreement shall constitute a separate and distinct servicing agreement, and the entire servicing agreement, between PHH and Assignee to the extent of the Mortgage Loans and shall be binding upon and for the benefit of the respective successors and assigns of the parties hereto.
15. The Mortgage Loans shall be serviced by PHH for Assignee in accordance with all applicable state, federal and local laws as well as in conformity with the provisions of the applicable Mortgages and Mortgage Notes, and pursuant to the terms and conditions of this Agreement.
Continuing Rights and Responsibilities
16. (a) Controlling Holder Rights. PHH agrees and acknowledges that Sequoia Mortgage Funding Corporation, an Affiliate of the Depositor, in its capacity as the initial Controlling Holder pursuant to the Pooling and Servicing Agreement, and for so long as it is the Controlling Holder, will assume all of Assignee's rights and all related responsibilities of the Assignee under each of the following sections of the Purchase and Servicing Agreement:
Purchase and Servicing Agreement:
Section | Matter | |
3.04 | Repurchase and Substitution | |
7.06 | Purchaser's Right to Examine Servicer Records; Reports |
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(b) Notwithstanding Sections 1, 2 and 14 above, Assignor reserves its rights under, and does not assign to Assignee or Depositor, the ongoing rights to take action and the responsibilities of the Purchaser under the sections of the Purchase and Servicing Agreement listed below:
Purchase and Servicing Agreement:
Section | Matter | |
3.06 | Purchase Price Protection | |
Article XIII | Compliance with Regulation AB |
(c) In addition, PHH agrees to furnish to Assignor and to Wells Fargo Bank, N.A., as master servicer or securities administrator under the Pooling and Servicing Agreement (the “Master Servicer”), copies of reports, notices, statements and other communications required to be delivered to the Assignee by PHH pursuant to any of the sections of the Purchase and Servicing Agreement referred to above and under the following sections, at the times therein specified:
Purchase and Servicing Agreement:
Section | ||
5.09 | Transfer of Accounts | |
6.02 | Reporting | |
Section 13.04 | Servicer Compliance Statement | |
Section 13.05 | Report on Assessment of Compliance and Attestation |
(d) If there is no Controlling Holder under the Pooling and Servicing Agreement, then all rights and responsibilities assumed by the Controlling Holder pursuant to Section 16(a) shall terminate and revert to Assignee.
Assignor will provide thirty (30) days notice to PHH, the Master Servicer and the Trustee of any such termination of which Assignor has knowledge.
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Amendments to Purchase and Servicing Agreement
17. [Reserved].
18. The parties agree that the Purchase and Servicing Agreement shall be amended, solely with respect to the Mortgage Loans, as follows:
(a) Definitions.
(i) The definitions of “Arbitration,” “Business Day,” “Designated Guidelines,” “Eligible Account,” “Escrow Account,” “Opinion of Counsel,” “Permitted Investment,” “Repurchase Price,” “Servicing Fee” and “Servicing Fee Rate” set forth in Section 1.01 of the Purchase and Servicing Agreement shall be deleted and replaced in their entirety as follows, and the definition of “Stated Principal Balance” as set forth below shall be added to Section 1.01 following the definition of “Proprietary Lease” (capitalized terms not defined in the Purchase and Servicing Agreement but listed on Attachment 3 shall be defined as specified on Attachment 3):
Arbitration: Arbitration in accordance with the then governing Commercial Arbitration Rules of the American Arbitration Association and administered by the American Arbitration Association, which shall be conducted in New York, New York or other place mutually acceptable to the parties to the arbitration.
Business Day: Any day other than (i) a Saturday or a Sunday, (ii) a legal holiday in the State of New York, the State of New Jersey, the State of California, the State of Delaware, the State of Maryland or the State of Minnesota, or (iii) a day on which banks in the State of New York, the State of New Jersey, the State of California, the State of Delaware, the State of Maryland or the State of Minnesota are authorized or obligated by law or executive order to be closed.
Designated Guidelines: As to each Mortgage Loan, the applicable set of underwriting guidelines in effect as of the origination date of such Mortgage Loan, in the form provided by the Seller to the Purchaser, as may be updated and provided to the Purchaser from time to time.
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Eligible Account: Any account or accounts maintained with a federal or state chartered depository institution or trust company that satisfies each of the following criteria: (1) the short-term unsecured debt obligations of such entity are rated in the highest rating category of Moody’s and the long-term unsecured debt obligations of such entity are rated in one of the two highest rating categories of Moody’s; (2) if the unsecured debt obligations of such entity are rated by Kroll Bond Rating Agency, Inc. (“KBRA”), then the short-term unsecured debt obligations of such entity are rated in the highest rating category of KBRA and the long-term unsecured debt obligations of such entity are rated in one of the three highest rating categories of KBRA; and (3) either (A) the short-term unsecured debt obligations of such entity are rated in the highest rating category of Fitch and the long-term unsecured debt obligations of such entity are rated in one of the two highest rating categories of Fitch or (B) the short-term deposit rating of such entity by Fitch is at least “F1” and the long-term deposit rating by Fitch is at least “A”. If the ratings no longer satisfy each of these criteria, the funds on deposit therewith in connection with this transaction shall be transferred to an Eligible Account within 30 days of such downgrade. Eligible Accounts may bear interest.
Escrow Account: The separate Eligible Account or Accounts created and maintained pursuant to Section 5.06 which shall be entitled “PHH Mortgage Corporation, as trustee and/or bailee for Christiana Trust, a division of Wilmington Savings Fund Society, and/or payments of various mortgagors, respectively.”
Opinion of Counsel: A written opinion of counsel, who may be salaried counsel for the Person on behalf of whom the opinion is being given, reasonably acceptable to each Person to whom such opinion is addressed, and which must be Independent outside counsel with respect to any such opinion of counsel concerning the taxation or the federal income tax status of each REMIC.
Permitted Investments: At any time, any one or more of the following obligations and securities:
(i) direct obligations of, and obligations fully guaranteed by the United States of America or any agency or instrumentality of the United States of America the obligations of which are backed by the full faith and credit of the United States of America;
(ii) (a) demand or time deposits, federal funds or bankers’ acceptances issued by any depository institution or trust company incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by federal and/or state banking authorities, provided that the commercial paper and/or the short-term deposit rating and/or the long-term unsecured debt obligations or deposits of such depository institution or trust company at the time of such investment or contractual commitment providing for such investment are rated in the highest rating category by the Rating Agency for long-term unsecured debt with a maturity of more than one year or in the highest rating category with respect to short-term obligations and (b) any other demand or time deposit or certificate of deposit that is fully insured by the FDIC;
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(iii) repurchase obligations with a term not to exceed thirty (30) days and with respect to any security described in clause (i) above and entered into with a depository institution or trust company (acting as principal) described in clause (ii)(a) above;
(iv) securities bearing interest or sold at a discount issued by any corporation incorporated under the laws of the United States of America or any state thereof that are rated in the highest rating category by the Rating Agency for long-term unsecured debt with a maturity of more than one year or in the highest rating category with respect to short-term obligations, in each case at the time of such investment or contractual commitment providing for such investment; provided, however, that securities issued by any particular corporation will not be Permitted Investments to the extent that investments therein will cause the then outstanding principal amount of securities issued by such corporation and held as Permitted Investments to exceed 10% of the aggregate outstanding principal balances of all of the Mortgage Loans and Permitted Investments;
(v) commercial paper (including both non-interest-bearing discount obligations and interest-bearing obligations payable on demand or on a specified date not more than one year after the date of issuance thereof) that is rated in the highest rating category by the Rating Agency at the time of such investment; and
(vi) any money market funds rated in one of the two highest rating categories by the Rating Agency for long-term unsecured debt with a maturity of more than one year or in the highest rating category with respect to short-term obligations, including any such fund managed or advised by the Trustee or any of its Affiliates;
provided, however, that no instrument or security shall be a Permitted Investment if such instrument or security evidences a right to receive only interest payments with respect to the obligations underlying such instrument or if such security provides for payment of both principal and interest with a yield to maturity in excess of 120% of the yield to maturity at par or if such instrument or security is purchased at a price greater than par.
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Repurchase Price: With respect to any Mortgage Loan, a price equal to (i) the Unpaid Principal Balance of such Mortgage Loan plus (ii) interest on such Unpaid Principal Balance at the Note Rate from and including the last Due Date through which interest has been paid by or on behalf of the Mortgagor up to the Due Date following the date of repurchase, minus (iii) amounts received in respect of such repurchased Mortgage Loan which are being held in the Collection Account for distribution in connection with such Mortgage Loan and, if the Servicer is also the Seller, minus (iv) any unreimbursed Monthly Advances (including Non-recoverable Advances) and any unpaid Servicing Fees made by or owing to the Servicer and allocable to such repurchased Mortgage Loan, which amounts shall be deposited in the Collection Account for withdrawal by the Servicer in accordance with Section 5.05; provided, however, that Servicer shall only be entitled to reimburse itself for Monthly Advances pursuant to Section 5.05(3) and any unpaid Servicing Fees pursuant to Section 5.05(4) from Repurchase Price proceeds to the extent that such Monthly Advances and unpaid Servicing Fees have not been subtracted in accordance with this definition; and provided, further, that, notwithstanding the provisions of Section 5.05 to the contrary, if Servicer as Seller or Servicer is required to repurchase a Mortgage Loan pursuant to Section 3.04, Servicer’s right to reimburse itself pursuant to Section 5.05(4) shall be subsequent to the payment to Purchaser of the Repurchase Price pursuant to Section 3.04, and all other amounts required to be paid to the Purchaser with respect to the Mortgage Loan.
Servicing Fee: With respect to each Mortgage Loan and any calendar month (or portion thereof) an amount equal to 1/12 of the product of (i) the Stated Principal Balance of such Mortgage Loan and (ii) the Servicing Fee Rate applicable to such Mortgage Loan.
Servicing Fee Rate: A per annum rate equal to 0.25%.
Stated Principal Balance: As to any Mortgage Loan and date of determination, the unpaid principal balance of such Mortgage Loan as of the most recent Due Date as determined by the amortization schedule for the Mortgage Loan at the time relating thereto (before any adjustment to such amortization schedule by reason of any moratorium or similar waiver or grace period) after giving effect to any previous Servicing Modification, Principal Prepayments and related Liquidation Proceeds allocable to principal and to the payment of principal due on such Due Date (but not unscheduled Principal Prepayments received on such Due Date) and irrespective of any delinquency in payment by the related Mortgagor.
(b) Servicing Standard. In servicing the Mortgage Loans in accordance with the Purchase and Servicing Agreement and Customary Servicing Procedures, the Servicer shall service the Mortgage Loans with a view to the best interests of all holders of the Sequoia Mortgage Trust 2012-5 Mortgage Pass-Through Certificates as a single class.
(c) Collection of Mortgage Loan Payments and Segregated Collection Account.
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(i) The following paragraph shall be added to Section 5.02:
Mortgage Loan payments received by the Servicer will be deposited within one Business Day of receipt into a clearing account that is an Eligible Account. The Mortgage Loan payments may be commingled with payments of other mortgagors and investors for up to two Business Days prior to the Servicer depositing the Mortgage Loan payments in the 2012-5 Collection Account. Such clearing account shall not be used for operational or corporate purposes of the Servicer.
(ii) The Servicer shall establish a Collection Account pursuant to Section 5.04 of the Purchase and Servicing Agreement which shall be titled “PHH Mortgage Corporation, as trustee and/or bailee for Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee of the Sequoia Mortgage Trust 2012-5” (the “2012-5 Collection Account”), which shall be the Collection Account under this Agreement for all purposes. If the 2012-5 Collection Account is no longer an Eligible Account, the Servicer shall transfer the 2012-5 Collection Account to an account that is an Eligible Account.
(d) Section 3.04 Repurchase and Substitution.
(i) The second paragraph of Section 3.04 shall be amended and replaced, to read in its entirety as follows:
Upon discovery by the Seller, the Servicer or the Purchaser of a breach of any of the representations and warranties contained in Sections 3.01, 3.02 or 3.03 that materially and adversely affects the value of the Mortgage Loans or the interest of the Purchaser in the Mortgage Loans (or that materially and adversely affects the value of the related Mortgage Loan or the interests of the Purchaser in the related Mortgage Loan, in the case of a representation or warranty relating to a particular Mortgage Loan), the party discovering such breach shall give prompt written notice to the other. Each determination as to whether there has been such a breach shall be conducted on a Mortgage Loan-by-Mortgage Loan basis. A breach of representations and warranties in the first sentence of Section 3.03(21) and Sections 3.03(41) and (52) hereof, shall be deemed to materially and adversely affect the value of the related Mortgage Loan and the interest of the Purchaser therein. With respect to the representations and warranties contained in Section 3.03 that are made to the Seller’s knowledge, if it is discovered by either the Seller or the Purchaser that the substance of such representation and warranty is inaccurate and such inaccuracy materially and adversely affects the value of the related Mortgage Loan or the interests of the Purchaser therein, the Purchaser shall be entitled to all the remedies to which it would be entitled for a breach of such representation or warranty, including, without limitation, the repurchase requirements contained herein, notwithstanding Seller’s lack of knowledge with respect to the inaccuracy at the time the representation or warranty was made.
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(ii) Clause (ii) of the second sentence of the third paragraph of Section 3.04 shall be amended and replaced, to read in its entirety as follows:
(ii) except for a breach of the representation and warranty in Section 3.03(52) hereof, make an indemnification payment to Purchaser in an amount equal to the reduction in value of such Mortgage Loan as a result of such breach.
(iii) The last sentence of the third paragraph of Section 3.04 shall be amended and replaced, to read in its entirety as follows:
If the breach of representation and warranty that gave rise to the obligation to repurchase or substitute a Mortgage Loan pursuant to this Section 3.04 was the representation and warranty set forth in clause (9) or (41) of Section 3.03 hereof, then the Seller shall pay to the Purchaser, concurrently with and in addition to the remedies provided in this Section 3.04, an amount equal to any liability, penalty or expense that was actually incurred and paid out of or on behalf of the Purchaser, and that directly resulted from such breach, or if incurred and paid by or on behalf of the Purchaser thereafter, concurrently with such payment.
(e) Section 5.01 Servicing Standards; Additional Documents; Consent of Purchaser.
(i) The first sentence of Section 5.01(3)(c) shall be amended and replaced, to read in its entirety as follows:
(c) consistent with the terms of this Agreement, and subject to the REMIC Provisions if the Mortgage Loans have been transferred to a REMIC, the Servicer may waive, modify or vary any term of any Mortgage Loan or consent to the postponement of strict compliance with any such term or in any manner grant indulgence to any Mortgagor; provided, however, that (unless the Mortgagor is in default with respect to the Mortgage Loan, or such default is, in the judgment of the Servicer, imminent, and the Servicer has received the express written consent of the Purchaser) the Servicer shall not enter into any payment plan or agreement to modify payments with a Mortgagor lasting more than twelve (12) months or permit any modification with respect to any Mortgage Loan that would change the Mortgage Interest Rate, the Maximum Rate (if applicable), the Initial Rate Cap (if applicable), the Periodic Rate Cap (if applicable) or the Gross Margin (if applicable), agree to the capitalization of arrearages, including interest, fees or expenses owed under the Mortgage Loan, make any future advances or extend the final maturity date with respect to such Mortgage Loan (provided that the Servicer shall in no event extend the final maturity date past November 25, 2042 or, if such 25th day is not a Business Day, the next succeeding Business Day), or accept substitute or additional collateral or release any collateral for such Mortgage Loan.
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(ii) The first three sentences of Section 5.01(3)(h) shall be amended and replaced, to read in their entirety as follows:
(h) notwithstanding anything to the contrary contained herein, in connection with a foreclosure or acceptance of a deed in lieu of foreclosure, in the event the Servicer has reasonable cause to believe that a Mortgaged Property is contaminated by hazardous or toxic substances or wastes, or if the Purchaser otherwise requests an Environmental Assessment or review of such Mortgaged Property, such Environmental Assessment or review shall be conducted at the Purchaser’s expense or shall be reimbursable as a Servicing Advance. Upon completion of the Environmental Assessment, the Servicer shall promptly provide the Purchaser with a written report of the Environmental Assessment. In the event (a) the Environmental Assessment report indicates that the Mortgaged Property is contaminated by hazardous or toxic substances or wastes and (b) the Purchaser provides written approval for the Servicer to proceed with foreclosure or acceptance of a deed in lieu of foreclosure, the Servicer shall be reimbursed for all reasonable costs associated with such foreclosure or acceptance of a deed in lieu of foreclosure and any related environmental clean up costs, as applicable, from the related Liquidation Proceeds, or if the Liquidation Proceeds are insufficient to fully reimburse the Servicer, the Servicer shall be entitled to be reimbursed from amounts in the Collection Account pursuant to Section 5.05 hereof; provided, however, that if the costs associated with the environmental clean up are projected to exceed $10,000, the Servicer shall notify the Purchaser and shall have no obligation to proceed with foreclosure or acceptance of a deed in lieu of foreclosure, or otherwise remediate or incur any such clean up costs.
(f) Section 5.08 Payment of Taxes, Insurance and Other Charges; Maintenance of Primary Insurance Policies; Collections Thereunder.
(i) The first sentence of the second paragraph of Section 5.08 shall be amended and replaced, to read in its entirety as follows:
With respect to each Mortgage Loan with a Loan-to-Value Ratio in excess of 80%, the Servicer shall promptly, without any cost to the Purchaser, maintain in full force and effect a Primary Insurance Policy, conforming in all respects to the description set forth in Section 3.03(30) hereof, issued by an insurer described in that Section, with respect to each Mortgage Loan for which such coverage is required.
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(ii) The fourth sentence of the second paragraph of Section 5.08 shall be amended and replaced, to read in its entirety as follows:
The Servicer shall not cancel or refuse to renew any Primary Insurance Policy in effect on the Funding Date that is required to be kept in force under this Agreement unless a replacement Primary Insurance Policy for such canceled or nonrenewed policy is obtained from and maintained with an insurer that satisfies the standards set forth in Section 3.03(30) hereof.
(g) Section 5.13 Realization Upon Specially Serviced Mortgage Loans and REO Properties. The second sentence of the first paragraph of Section 5.13 shall be amended and replaced, to read in its entirety as follows:
In the event that any payment due under any Mortgage Loan remains delinquent for a period of 45 days, the Servicer shall order an inspection of the related Mortgaged Property and, except with respect to any Mortgage Loan for which the Servicer is in the process of modifying or has modified the terms of such Mortgage Loan, if the Mortgage Loan remains delinquent for a period of 90 days or more, the Servicer shall commence foreclosure proceedings in accordance with Customary Servicing Procedures and the guidelines set forth by Fannie Mae, Freddie Mac, or FHFA, and FHA or VA, as applicable.
(h) Section 8.02 Purchaser Financial Statements. Section 8.02 shall be amended and replaced, to read in its entirety as follows:
Section 8.02 [Reserved].
(i) Section 11.01 Term and Termination. Clause (2) of Section 11.01 shall be amended and replaced, to read in its entirety as follows:
(2) In any case other than as provided under clause (1) hereof, the obligations and responsibilities of the Servicer hereunder shall terminate upon: the later of (a)(I) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and (II) the disposition of all REO Property and the remittance of all funds due hereunder and (b) the exercise of a party of its Clean-up Call (as such term is defined in the Pooling and Servicing Agreement).
(j) REMIC Provisions.
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(i) The following definition of “REMIC Provisions” is hereby added to Section 1.01 of the Purchase and Servicing Agreement (capitalized terms not defined in the Purchase and Servicing Agreement to be as defined in the Pooling and Servicing Agreement):
REMIC Provisions: Sections 860A through 860G of the Internal Revenue Code; such other provisions of the Code as relate to an entity created thereunder; the regulations promulgated pursuant such sections and provisions of the Code; and published guidance issued by the Internal Revenue Service relating to such Code sections and regulations.
(ii) The following additional provisions shall be added after Section 7.07, to read in its entirety as follows:
Section 7.08 Compliance with REMIC Provisions
If a REMIC election has been made with respect to the arrangement under which the Mortgage Loans and REO Property are held, the Servicer shall not take any action, cause the REMIC to take any action or fail to take (or fail to cause to be taken) any action that, under the REMIC Provisions, if taken or not taken, as the case may be, could (i) endanger the status of the REMIC as a REMIC or (ii) 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 and the tax on “contributions” to a REMIC set forth in Section 860G(d) of the Code) unless the Servicer has received an Opinion of Counsel (at the expense of the party seeking to take such action) to the effect that the contemplated action will not endanger such REMIC status or result in the imposition of any such tax.
(iii) The following paragraph shall be added to the end of Section 11.13, to read in its entirety as follows:
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If a Mortgage Loan is held by a REMIC, the Servicer shall not acquire any real property (or personal property incident to such real property) in respect of such Mortgage Loan except in connection with a default or imminent default of such Mortgage Loan. In the event that a REMIC acquires any real property (or personal property incident to such real property) in connection with a default or imminent default of a Mortgage Loan, such property shall be disposed of by the Servicer as soon as practicable in a manner that, consistent with prudent mortgage loan servicing practices, maximizes the net present value of the recovery to the Trust, but in any event within three years after its acquisition by such REMIC unless the Servicer provides to the Purchaser and the Trustee and the Securities Administrator under the Pooling and Servicing Agreement an Opinion of Counsel to the effect that the holding by such REMIC of such Mortgaged Property subsequent to three years after its acquisition will not result in the imposition of taxes on “prohibited transactions” on such REMIC as defined in Section 860F of the Code or under the law of any state in which real property securing a Mortgage Loan owned by such REMIC is located or cause such REMIC to fail to qualify as a REMIC for federal income tax purposes or for state tax purposes under the laws of any state in which real property securing a Mortgage Loan owned by such REMIC is located at any time that any mortgage pass-through certificates representing interests in such REMIC are outstanding. The Servicer shall conserve, protect and operate each such property for such REMIC solely for the purpose of its prompt disposition and sale in a manner which does not cause such property to fail to qualify as “foreclosure property” within the meaning of Section 860G(a)(8) or result in the receipt by such REMIC of any “income from non-permitted assets” within the meaning of Section 860F(a)(2)(B) of the Code or any “net income from foreclosure property” which is subject to taxation under the REMIC Provisions. Pursuant to its efforts to sell such property, the Servicer shall either itself or through an agent selected by the Servicer protect and conserve such property in the same manner and to such extent as is customary in the locality where such property is located and may, incident to its conservation and protection of the assets of the Trust, rent the same, or any part thereof, as the Servicer deems to be in the best interest of the Trust for the period prior to the sale of such property. Additionally, the Servicer shall perform the tax withholding and shall file information returns with respect to the receipt of mortgage interests received in a trade or business, the reports of foreclosures and abandonments of any Mortgaged Property and the information returns relating to cancellation of indebtedness income with respect to any Mortgaged Property required by Sections 6050H, 6050J and 6050P, respectively, of the Code, and deliver to the Purchaser and the Trustee and the Securities Administrator under the Pooling and Servicing Agreement an Officers’ Certificate on or before March 31 of each year stating that such reports have been filed. Such reports shall be in form and substance sufficient to meet the reporting requirements imposed by Sections 6050H, 6050J and 6050P of the Code.
(k) Form of Monthly Report. The Servicer shall provide monthly accounting reports to the Purchaser and Master Servicer, pursuant to Section 6.02 of the Purchase and Servicing Agreement, with the information included in the ASF RMBS Reporting Package issued by the American Securitization Forum on July 15, 2009, as revised from time to time, to the extent available.
(l) Avoidance of Consolidation.
(i) An additional “Event of Default” shall be listed in Section 10.01, to be inserted after clause (10), to read in its entirety as follows:
or (11) the purchase or holding of any securities issued in a Securitization Transaction by any Servicer that is an insured depository institution, as such term is defined in the Federal Deposit Insurance Act (an “insured depository institution”) (any Servicer that is an insured depository institution, an “IDI Servicer”) such that the IDI Servicer is required to consolidate any of the Mortgage Loans on its financial statements under U.S. generally accepted accounting principles;
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(ii) The following Section 9.05 shall be inserted after Section 9.04, to read in its entirety as follows:
Section 9.05 Avoidance of Consolidation.
(a) Each IDI Servicer hereby covenants and agrees that it shall not hold or purchase any certificate (a “Certificate”) issued by the trust created by the Pooling and Servicing Agreement referred to herein (the “Trust”) as part of the initial offering of Certificates or if its holding or purchase of such Certificate (or interest therein) would cause such IDI Servicer to be required to consolidate any assets of the issuing entity on its financial statements under U.S. generally accepted accounting principles (“Consolidate” or “Consolidation”). Any IDI Servicer shall be deemed to have represented by virtue of its purchase or holding of such Certificate (or interest therein) that its holding or purchase of such Certificate (or interest therein) will not cause such IDI Servicer to be required to Consolidate any assets of the issuing entity on its financial statements.
If an IDI Servicer's holding or purchase of a Certificate (or interest therein) does in fact cause such Consolidation, then the last preceding transferee that is not required to Consolidate shall be restored, to the extent permitted by law, to all rights and obligations as owner of such Certificate retroactive to the date of such transfer of such Certificate. If an IDI Servicer holds or purchases a Certificate (or interest therein) in violation of the restrictions in this Section 9.05 and to the extent that the retroactive restoration of the rights of the owner of such Certificate as described in the immediately preceding sentence shall be invalid, illegal or unenforceable, then the Securities Administrator shall have the right, without notice to the owner or any prior owner of such Certificate, to sell such Certificate to a purchaser selected by the Securities Administrator on such terms as the Securities Administrator may choose. The IDI Servicer shall promptly endorse and deliver such Certificate in accordance with the instructions of the Securities Administrator. The proceeds of such sale, net of the commissions (which may include commissions payable to the Securities Administrator or its affiliates), expenses and taxes due, if any, shall be remitted by the Securities Administrator to the IDI Servicer. The terms and conditions of any sale under this Section 9.05 shall be determined in the sole discretion of the Securities Administrator, and the Securities Administrator shall not be liable to any owner of a Certificate as a result of its exercise of such discretion. The IDI Servicer shall indemnify and hold harmless the Depositor and the Trust from and against any and all losses, liabilities, claims, costs or expenses incurred by such parties as a result of such holding or purchase resulting in a Consolidation.
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(b) The Servicer covenants and agrees that it shall not transfer its servicing rights and duties under this Agreement to an insured depository institution (an insured depository institution in such capacity, a “servicer transferee”) unless the Servicer shall have received a representation from the servicer transferee that the acquisition of such servicing rights and duties will not cause the servicer transferee to be required to Consolidate any assets of the Trust on its financial statements. Any servicer transferee shall be deemed to have represented by virtue of its acquisition of such servicing rights and duties that such acquisition will not cause Consolidation. Any servicer transferee whose acquisition of such servicing rights and duties was effected in violation of the restrictions in this Section 9.05 shall indemnify and hold harmless the Servicer, the Depositor and the Trust from and against any and all losses, liabilities, claims, costs or expenses incurred by such parties as a result of such acquisition.
(m) The Designated Guidelines attached as Exhibit 1.01 are hereby removed from the Purchase and Servicing Agreement and the reference to Designated Guidelines in the Table of Contents shall be replaced with “[Reserved.]”
(n) The first sentence of Section 5.14 is hereby deleted and replaced in its entirety with the following:
If title to any Mortgaged Property is acquired in foreclosure or by deed in lieu of foreclosure (each, an “REO Property”), the deed or certificate of sale shall be taken in the name of the Trust, where permitted by applicable law or regulation, and where not so permitted, in the name of the trustee of the Trust or its nominee.
(o) Servicer Reports. The Servicer shall provide monthly reports to the Purchaser pursuant to Section 6.02 in the formats attached hereto as Exhibits 13 and 14, or in such other format as the Servicer, the Purchaser and the Depositor shall agree in writing.
(p) Indemnification Expenses. The second sentence of Section 9.01 is hereby deleted and replaced in its entirety with the following:
The Seller or Servicer, as the case may be, shall immediately (i) notify the Purchaser if a claim is made by a third party with respect to this Agreement, any Mortgage Loan and/or any REO Property (ii) assume the defense of any such claim and pay all expenses in connection therewith, including attorneys’ fees, and (iii) promptly pay, discharge and satisfy any judgment, award, or decree that may be entered against it or the Purchaser in respect of such claim.
(q) Broker’s Price Opinion. If, in accordance with the Pooling and Servicing Agreement, the Trustee has received notice that any governmental entity intends to acquire a Mortgage Loan through the exercise of its power of eminent domain, and if there is no longer a Controlling Holder, the Servicer, promptly upon the request and at the expense of the Trustee, shall obtain a valuation on the related Mortgaged Property in the form of a broker’s price opinion, and provide the results of such valuation to the Trustee.
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19. The rights under the Purchase and Servicing Agreement assigned to the Depositor and the Assignee pursuant to this Agreement shall be under the Purchase and Servicing Agreement as amended by this Agreement.
Miscellaneous
20. All demands, notices and communications related to the Mortgage Loans, the Purchase and Servicing Agreement and this Agreement shall be in writing and shall be deemed to have been duly given if personally delivered at or mailed by registered mail, postage prepaid, as follows:
(a) | In the case of PHH, |
PHH Mortgage Corporation
One Mortgage Way
Mount Laurel, New Jersey 08054
Attention: Vice President Servicing
with a copy to
PHH Mortgage Corporation
One Mortgage Way
Mount Laurel, New Jersey 08054
Attention: Fred Kinkler, Assistant General Counsel
(b) | In the case of Assignee, |
Christiana Trust, a division of Wilmington Savings Fund Society, FSB
500 Delaware Avenue, 11th Floor
Wilmington, Delaware, 19801
Attention: Corporate Trust – Sequoia Mortgage Trust 2012-5
(c) | In the case of Depositor, |
Sequoia Residential Funding, Inc.
One Belvedere Place, Suite 360
Mill Valley, California 94941
Attention: William Moliski
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with a copy to
General Counsel at the same address
(d) | In the case of Assignor, |
Redwood Residential Acquisition Corporation
One Belvedere Place, Suite 360
Mill Valley, California 94941
Attention: William Moliski
with a copy to
General Counsel at the same address
(e) | In the case of the Master Servicer, |
Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, Maryland 21045
Telephone number: (410) 884-2000
Facsimile number: (410) 715-2380
Attention: Client Manager — Sequoia Mortgage Trust 2012-5
(f) | In the case of the Controlling Holder, |
Sequoia Mortgage Funding Corporation
One Belvedere Place, Suite 360
Mill Valley, California 94941
Attention: William Moliski
with a copy to
General Counsel at the same address
21. This Agreement shall be construed in accordance with the laws of the State of New York, except to the extent preempted by Federal law, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws, without regard to the conflicts of laws provisions of the State of New York or any other jurisdiction.
22. 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.
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23. This Agreement shall inure to the benefit of the successors and assigns of the parties hereto. Any entity into which Assignor, Depositor, Assignee or PHH may be merged or consolidated shall, without the requirement for any further writing, be deemed Assignor, Depositor, Assignee or PHH, respectively, hereunder.
24. This Agreement shall survive the conveyance of the Mortgage Loans, the assignment the Purchase and Servicing Agreement by Assignor to Assignee, and the termination of the Purchase and Servicing Agreement.
25. This Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original, and all such counterparts shall constitute one and the same instrument.
26. The Controlling Holder under the Pooling and Servicing Agreement is an express third party beneficiary of this Agreement, and shall have the same power and ability to exercise and enforce the rights stated to be provided to it hereunder as if it were a signatory hereto. PHH hereby consents to such exercise and enforcement.
27. It is expressly understood and agreed by the parties hereto that insofar as this Agreement is executed by the Trustee as the Assignee (i) this Agreement is executed and delivered by Christiana Trust, a division of Wilmington Savings Fund Society, FSB (“Christiana Trust”) not in its individual capacity but solely as Trustee on behalf of the trust created by the Pooling and Servicing Agreement referred to herein (the “Trust”) in the exercise of the powers and authority conferred upon and vested in it, and as directed in the Pooling and Servicing Agreement, (ii) each of the undertakings and agreements herein made on behalf of the Trust is made and intended not as a personal undertaking or agreement of or by Christiana Trust but is made and intended for purposes of binding only the Trust, (iii) nothing herein contained shall be construed as creating any liability on the part of Christiana Trust, individually or personally, to perform any covenant either express or implied in this Agreement, all such liability, if any, being expressly waived by the parties hereto and by any person claiming by, through or under the parties hereto, and (iv) under no circumstances shall Christiana Trust in its individual capacity or in its capacity as Trustee be personally liable for the payment of any indebtedness, amounts or expenses owed by the Purchaser under the Servicing Agreement (such indebtedness, expenses and other amounts being payable solely from and to the extent of funds of the Trust) or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made under this Agreement or any other related documents.
28. Master Servicer. PHH hereby acknowledges that the Assignee has appointed Wells Fargo Bank, N.A. to act as master servicer and securities administrator under the Pooling and Servicing Agreement and hereby agrees to treat all inquiries, demands, instructions, authorizations and other communications from the Master Servicer as if the same had been received from the Assignee. The Master Servicer, acting on behalf of the Assignee, shall have the rights of the Assignee hereunder and the rights of the Assignee as the Purchaser under the Purchase and Servicing Agreement, including, without limitation, the right to enforce the obligations of the Seller and Servicer hereunder and thereunder and the right to exercise the remedies of the Purchaser hereunder and thereunder, except to the extent such rights have been retained by the Assignor under Section 16 hereof.
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29. PHH shall make all remittances due by it to the Purchaser with respect to the Mortgage Loans to the following account by wire transfer of immediately available funds:
Wells Fargo Bank, N.A.
San Francisco, California
ABA# 121-000-248
Account #3970771416
Account Name: SAS Clearing
FFC: Account #48235300, Sequoia Mortgage Trust 2012-5 Distribution Account
30. PHH acknowledges that the custodian will be Wells Fargo Bank, N.A. acting pursuant to the Custodial Agreement. Requests for Mortgage Loan Documents under Section 2.04 of the Purchase and Servicing Agreement shall be directed to Wells Fargo Bank, N.A., as custodian, using the form of Request for Release in the form of Exhibit F hereto. PHH shall provide the Custodian with the specimen signatures of PHH's authorized servicing representatives using the form in Exhibit D-3 hereto. Notwithstanding Section 2.04 of the Purchase and Servicing Agreement, PHH shall pay shipping expenses for any Mortgage Loan Documents if there has been a breach of any representation or warranty made with respect to the related Mortgage Loan in Section 3.03 of the Purchase and Servicing Agreement.
31. Assignor hereby requests that PHH furnish each Mortgagor with the notice described in Section 2.07 of the Purchase and Servicing Agreement, in accordance with the terms of Section 2.07 therein, and PHH hereby covenants that it shall furnish each Mortgagor with such notice as provided therein.
32. PHH hereby agrees that it shall provide information with respect to the Mortgage Loans or the origination or servicing thereof to any Rating Agency or nationally recognized statistical rating organization (“NRSRO”) via electronic mail at rmbs17g5informationprovider@wellsfargo.com, with a subject reference of “SEMT 2012-5” and an identification of the type of information being provided in the body of such electronic mail. The Securities Administrator, as the initial Rule 17g-5 Information Provider (the “Rule 17g-5 Information Provider”) shall notify PHH in writing of any change in the identity or contact information of the Rule 17g-5 Information Provider. PHH shall have no liability for (i) the Rule 17g-5 Information Provider’s failure to post information provided by it in accordance with the terms of this Agreement or (ii) any malfunction or disabling of the website maintained by the Rule 17g-5 Information Provider. None of the foregoing restrictions in this Section 31 prohibit or restrict oral or written communications, or providing information, between PHH, on the one hand, and any Rating Agency or NRSRO, on the other hand, with regard to (i) such Rating Agency’s or NRSRO’s review of the ratings it assigns to PHH, (ii) such Rating Agency’s or NRSRO’s approval of PHH as a residential mortgage master, special or primary servicer, or (iii) such Rating Agency’s or NRSRO’s evaluation of PHH’s origination or servicing operations in general; provided, however, that PHH shall not provide any information relating to the Mortgage Loans to such Rating Agency or NRSRO in connection with such review and evaluation by such Rating Agency or NRSRO unless: (x) borrower, property or deal specific identifiers are redacted; or (y) such information has already been provided to the Rule 17g-5 Information Provider.
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[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day and year first above written.
REDWOOD RESIDENTIAL ACQUISITION CORPORATION | |||
Assignor | |||
By: | |||
Name: | |||
Title: | |||
SEQUOIA RESIDENTIAL FUNDING, INC. | |||
Depositor | |||
By: | |||
Name: | |||
Title: | |||
Christiana Trust, a division of Wilmington Savings Fund Society, FSB, not in its individual capacity but solely as Trustee, | |||
Assignee | |||
By: | |||
Name: | |||
Title: | |||
PHH MORTGAGE CORPORATION | |||
By: | |||
Name: | |||
Title: | |||
Accepted and agreed to by: | |||
WELLS FARGO BANK, N.A. | |||
Master Servicer | |||
By: | |||
Name: | |||
Title: |
Signature Page to Assignment, Assumption and Recognition Agreement – PHH (SEMT 2012-5)
ATTACHMENT 1
MORTGAGE LOAN SCHEDULE
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | |
Primary Servicer | Servicing Fee % | Servicing Fee—Flatdollar | Servicing Advance Methodology | Originator | Originator | Loan Group | Loan Number | Amortization Type | Lien Position | |
1 | 1000200 | 0.002500 | 1000200 | PHH Mortgage Corporation | 7123875739 | 1 | 1 | |||
2 | 1000200 | 0.002500 | 1000200 | PHH Mortgage Corporation | 7124148474 | 1 | 1 | |||
3 | 1000200 | 0.002500 | 1000200 | PHH Mortgage Corporation | 7124699567 | 1 | 1 | |||
4 | 1000200 | 0.002500 | 1000200 | PHH Mortgage Corporation | 7124911467 | 1 | 1 | |||
5 | 1000200 | 0.002500 | 1000200 | PHH Mortgage Corporation | 7125070685 | 1 | 1 | |||
6 | 1000200 | 0.002500 | 1000200 | PHH Mortgage Corporation | 7125466206 | 1 | 1 | |||
7 | 1000200 | 0.002500 | 1000200 | PHH Mortgage Corporation | 7116375358 | 1 | 1 | |||
8 | 1000200 | 0.002500 | 1000200 | PHH Mortgage Corporation | 7116385506 | 1 | 1 | |||
9 | 1000200 | 0.002500 | 1000200 | PHH Mortgage Corporation | 7125196936 | 1 | 1 | |||
10 | 1000200 | 0.002500 | 1000200 | PHH Mortgage Corporation | 7125462775 | 1 | 1 |
11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | |
HELOC Indicator | Loan Purpose | Cash Out Amount | Total Origination and Discount Points | Covered/High Cost Loan Indicator | Relocation Loan Indicator | Broker Indicator | Channel | Escrow Indicator | Senior
Loan Amount(s) | |
1 | 0 | 3 | 1 | 0 | 0 | |||||
2 | 0 | 9 | 1 | 4 | 0 | |||||
3 | 0 | 9 | 1 | 0 | 0 | |||||
4 | 0 | 7 | 1 | 4 | 0 | |||||
5 | 0 | 7 | 1 | 4 | 0 | |||||
6 | 0 | 7 | 1 | 4 | 0 | |||||
7 | 0 | 7 | 1 | 4 | 0 | |||||
8 | 0 | 9 | 1 | 0 | 0 | |||||
9 | 0 | 7 | 1 | 4 | 0 | |||||
10 | 0 | 7 | 1 | 4 | 0 |
21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | |
Loan
Type of Most Senior Lien |
Hybrid
Period of Most Senior Lien (in months) |
Neg
Am Limit of Most Senior Lien |
Junior
Mortgage Balance |
Origination
Date of Most Senior Lien |
Origination Date | Original
Loan Amount |
Original
Interest Rate |
Original Amortization Term |
Original
Term to Maturity | |
1 | 0.00 | 20120421 | 938500.00 | 0.043750 | 360 | 360 | ||||
2 | 0.00 | 20120516 | 861247.00 | 0.046250 | 360 | 360 | ||||
3 | 0.00 | 20120730 | 674608.00 | 0.043750 | 360 | 360 | ||||
4 | 0.00 | 20120710 | 975000.00 | 0.045000 | 360 | 360 | ||||
5 | 0.00 | 20120727 | 545000.00 | 0.041250 | 360 | 360 | ||||
6 | 0.00 | 20120810 | 472000.00 | 0.038750 | 360 | 360 | ||||
7 | 0.00 | 20120711 | 828750.00 | 0.045000 | 360 | 360 | ||||
8 | 0.00 | 20120827 | 513000.00 | 0.043750 | 360 | 360 | ||||
9 | 0.00 | 20120808 | 506250.00 | 0.043750 | 360 | 360 | ||||
10 | 0.00 | 20120829 | 528000.00 | 0.040000 | 360 | 360 |
31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | |
First
Payment Date of Loan |
Interest
Type Indicator |
Original
Interest Only Term |
Buy Down Period | HELOC Draw Period | Current
Loan Amount |
Current
Interest Rate |
Current
Payment Amount Due |
Interest
Paid Through Date |
Current
Payment Status | |
1 | 20120601 | 1 | 0 | 0 | 933415.54 | 0.043750 | 4685.79 | 20120901 | 0 | |
2 | 20120701 | 1 | 0 | 0 | 857908.28 | 0.046250 | 4428.01 | 20120901 | 0 | |
3 | 20120901 | 1 | 0 | 0 | 673699.29 | 0.043750 | 3368.22 | 20120901 | 0 | |
4 | 20120901 | 1 | 0 | 0 | 973716.06 | 0.045000 | 4940.18 | 20120901 | 0 | |
5 | 20120901 | 1 | 0 | 0 | 544232.09 | 0.041250 | 2641.34 | 20120901 | 0 | |
6 | 20121001 | 1 | 0 | 0 | 472000.00 | 0.038750 | 2219.52 | 20120901 | 0 | |
7 | 20120901 | 1 | 0 | 0 | 827658.77 | 0.045000 | 4199.15 | 20120901 | 0 | |
8 | 20121001 | 1 | 0 | 0 | 513000.00 | 0.043750 | 2561.33 | 20120901 | 0 | |
9 | 20121001 | 1 | 0 | 0 | 505568.06 | 0.043750 | 2527.63 | 20120901 | 0 | |
10 | 20121001 | 1 | 0 | 0 | 527239.24 | 0.040000 | 2520.75 | 20120901 | 0 |
41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | |
Index Type | ARM
Look-back Days |
Gross Margin | ARM Round Flag | ARM Round Factor | Initial
Fixed Rate Period |
Initial
Interest Rate Cap (Change Up) |
Initial
Interest Rate Cap (Change Down) |
Subsequent
Interest Rate Reset Period |
Subsequent
Interest Rate Cap (Change Down) | |
1 | 0 | |||||||||
2 | 0 | |||||||||
3 | 0 | |||||||||
4 | 0 | |||||||||
5 | 0 | |||||||||
6 | 0 | |||||||||
7 | 0 | |||||||||
8 | 0 | |||||||||
9 | 0 | |||||||||
10 | 0 |
51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | |
Subsequent
Interest Rate Cap (Change Up) |
Lifetime
Maximum Rate (Ceiling) |
Lifetime
Minimum Rate (Floor) |
Negative Amortization Limit |
Initial
Negative Amortization Recast Period |
Subsequent Negative Amortization Recast Period |
Initial
Fixed Payment Period |
Subsequent Payment Reset Period |
Initial
Periodic Payment Cap |
Subsequent Periodic Payment Cap | |
1 | ||||||||||
2 | ||||||||||
3 | ||||||||||
4 | ||||||||||
5 | ||||||||||
6 | ||||||||||
7 | ||||||||||
8 | ||||||||||
9 | ||||||||||
10 |
61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | |
Initial
Minimum Payment Reset Period |
Subsequent Minimum Payment Reset Period |
Option
ARM Indicator |
Options at Recast | Initial
Minimum Payment |
Current
Minimum Payment |
Prepayment
Penalty Calculation |
Prepayment
Penalty Type |
Prepayment
Penalty Total Term |
Prepayment
Penalty Hard Term | |
1 | 0 | |||||||||
2 | 0 | |||||||||
3 | 0 | |||||||||
4 | 0 | |||||||||
5 | 0 | |||||||||
6 | 0 | |||||||||
7 | 0 | |||||||||
8 | 0 | |||||||||
9 | 0 | |||||||||
10 | 0 |
71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | |
Primary Borrower ID | Number
of Mortgaged Properties |
Total
Number of Borrowers |
Self-employment Flag |
Current
‘Other’ Monthly Payment |
Length
of Employment: Borrower |
Length
of Employment: Co- Borrower |
Years in Home | FICO Model Used | Most
Recent FICO Date | |
1 | 2 | 1 | 30.65 | 18.31 | 21.08 | 1 | 9/25/2012 | |||
2 | 1 | 0 | 4.54 | 0 | 5.17 | 1 | ||||
3 | 1 | 1 | 4.6 | 0 | 16.33 | 1 | ||||
4 | 2 | 0 | 19.5 | 0 | 0 | 1 | ||||
5 | 1 | 0 | 18 | 0 | 0 | 1 | ||||
6 | 1 | 0 | 23 | 0 | 0 | 1 | ||||
7 | 3 | 0 | 16.8 | 0 | 0 | 1 | ||||
8 | 1 | 1 | 19.5 | 0 | 7 | 1 | ||||
9 | 1 | 0 | 1.6 | 0 | 0 | 1 | ||||
10 | 3 | 0 | 12.4 | 0 | 0 | 1 |
81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
Primary
Wage Earner Original FICO: Equifax |
Primary
Wage Earner Original FICO: Experian |
Primary
Wage Earner Original FICO: TransUnion |
Secondary
Wage Earner Original FICO: Equifax |
Secondary
Wage Earner Original FICO: Experian |
Secondary
Wage Earner Original FICO: TransUnion |
Original Primary Borrower FICO |
Most
Recent Primary Borrower FICO |
Most
Recent Co- Borrower FICO |
Most
Recent FICO Method | |
1 | 809 | 785 | ||||||||
2 | 794 | |||||||||
3 | 779 | |||||||||
4 | 756 | |||||||||
5 | 798 | |||||||||
6 | 802 | |||||||||
7 | 760 | |||||||||
8 | 801 | #N/A | ||||||||
9 | 739 | #N/A | ||||||||
10 | 727 | #N/A |
91 | 92 | 93 | 94 | 95 | 96 | 97 | 98 | 99 | 100 | |
VantageScore: Primary Borrower |
VantageScore:
Co- Borrower |
Most
Recent VantageScore Method |
VantageScore Date | Credit
Report: Longest Trade Line |
Credit
Report: Maximum Trade Line |
Credit
Report: Number of Trade Lines |
Credit
Line Usage Ratio |
Most
Recent 12- month Pay History |
Months Bankruptcy | |
1 | 000000000000 | |||||||||
2 | 000000000000 | |||||||||
3 | 000000000000 | |||||||||
4 | 000000000000 | |||||||||
5 | 000000000000 | |||||||||
6 | 000000000000 | |||||||||
7 | 000000000000 | |||||||||
8 | 000000000000 | |||||||||
9 | 000000000000 | |||||||||
10 | 000000000000 |
101 | 102 | 103 | 104 | 105 | 106 | 107 | 108 | 109 | 110 | |
Months Foreclosure | Primary
Borrower Wage Income |
Co-Borrower
Wage Income |
Primary
Borrower Other Income |
Co-Borrower
Other Income |
All
Borrower Wage Income |
All
Borrower Total Income |
4506-T Indicator | Borrower
Income Verification Level |
Co-Borrower Income Verification | |
1 | 18251.26 | 2512.00 | 3240.00 | 0.00 | 20763.26 | 24003.26 | 0 | 4 | ||
2 | 36978.00 | 0.00 | 0.00 | 0.00 | 36978.00 | 36978.00 | 0 | 5 | ||
3 | 5980.00 | 0.00 | 0.00 | 3495.00 | 5980.00 | 9475.00 | 0 | 4 | ||
4 | 14583.00 | 13063.00 | 14583.00 | 27646.00 | 0 | 5 | ||||
5 | 15600.00 | 0.00 | 0.00 | 0.00 | 15600.00 | 15600.00 | 0 | 5 | ||
6 | 23023.00 | 0.00 | 0.00 | 0.00 | 23023.00 | 23023.00 | 0 | 5 | ||
7 | 18750.00 | 0.00 | 16389.00 | 0.00 | 18750.00 | 35139.00 | 0 | 5 | ||
8 | 14542.00 | 0.00 | 0.00 | 0.00 | 14542.00 | 14542.00 | 1 | 4 | ||
9 | 17917.00 | 0.00 | 0.00 | 0.00 | 17917.00 | 17917.00 | 0 | 5 | ||
10 | 22783.00 | 0.00 | 0.00 | 0.00 | 22783.00 | 22783.00 | 0 | 5 |
111 | 112 | 113 | 114 | 115 | 116 | 117 | 118 | 119 | 120 | |
Borrower Employment Verification |
Co-Borrower Employment Verification |
Borrower
Asset Verification |
Co-Borrower
Asset Verification |
Liquid
/ Cash Reserves |
Monthly
Debt All Borrowers |
Originator DTI | Fully Indexed Rate | Qualification Method |
Percentage
of Down Payment from Borrower Own Funds | |
1 | 3 | 4 | 2015171.10 | 9310.86 | 0.3879 | |||||
2 | 3 | 4 | 242474.11 | 7425.18 | 0.2008 | |||||
3 | 3 | 4 | 30389.39 | 4255.03 | 0.4491 | |||||
4 | 3 | 4 | 552364.03 | 9412.16 | 0.3405 | 100 | ||||
5 | 3 | 4 | 106753.03 | 3322.57 | 0.2130 | 100 | ||||
6 | 3 | 4 | 102783.17 | 6749.19 | 0.2932 | 100 | ||||
7 | 3 | 4 | 238679.36 | 12572.14 | 0.3578 | 100 | ||||
8 | 3 | 4 | 346196.36 | 4041.45 | 0.2779 | |||||
9 | 3 | 4 | 97894.45 | 6303.56 | 0.3518 | 100 | ||||
10 | 3 | 4 | 277842.29 | 4373.61 | 0.1920 | 100 |
121 | 122 | 123 | 124 | 125 | 126 | 127 | 128 | 129 | 130 | |
City | State | Postal Code | Property Type | Occupancy | Sales Price | Original
Appraised Property Value |
Original
Property Valuation Type |
Original
Property Valuation Date |
Original
Automated Valuation Model (AVM) Model Name | |
1 | PORTOLA VALLEY | CA | 94028 | 1 | 1 | 1800000.00 | 3 | 20120220 | ||
2 | DANVILLE | CA | 94506 | 7 | 1 | 1220000.00 | 3 | 20120313 | ||
3 | SAN CLEMENTE | CA | 92672 | 1 | 1 | 1000000.00 | 3 | 20120502 | ||
4 | ARLINGTON | VA | 22207 | 1 | 1 | 1375000.00 | 1375000.00 | 3 | 20120525 | |
5 | ARVADA | CO | 80007 | 7 | 1 | 695000.00 | 699000.00 | 3 | 20120709 | |
6 | RICHLAND | WA | 99352 | 7 | 1 | 590000.00 | 594100.00 | 3 | 20120716 | |
7 | WASHINGTON | DC | 20007 | 1 | 3 | 1275000.00 | 1300000.00 | 3 | 20120604 | |
8 | MENDOCINO | CA | 95460 | 1 | 1 | 855000.00 | 3 | 20120619 | ||
9 | MADISON | CT | 06443 | 1 | 2 | 675000.00 | 675000.00 | 3 | 20120709 | |
10 | ORO VALLEY | AZ | 85742 | 1 | 1 | 728000.00 | 730000.00 | 3 | 20120805 |
131 | 132 | 133 | 134 | 135 | 136 | 137 | 138 | 139 | 140 | |
Original
AVM Confidence Score |
Most
Recent Property Value2 |
Most
Recent Property Valuation Type |
Most
Recent Property Valuation Date |
Most
Recent AVM Model Name |
Most
Recent AVM Confidence Score |
Original CLTV | Original LTV | Original
Pledged Assets |
Mortgage
Insurance Company Name | |
1 | 0.5213 | 0.5213 | 0 | 0 | ||||||
2 | 0.7059 | 0.7059 | 0 | 0 | ||||||
3 | 0.6746 | 0.6746 | 0 | 0 | ||||||
4 | 0.7090 | 0.7090 | 0 | 0 | ||||||
5 | 0.7841 | 0.7841 | 0 | 0 | ||||||
6 | 0.8000 | 0.8000 | 0 | 0 | ||||||
7 | 0.6500 | 0.6500 | 0 | 0 | ||||||
8 | 0.6000 | 0.6000 | 0 | 0 | ||||||
9 | 0.7500 | 0.7500 | 0 | 0 | ||||||
10 | 0.7253 | 0.7253 | 0 | 0 |
141 | 142 | 143 | 144 | 145 | 146 | 147 | 148 | 149 | 150 | |
Mortgage
Insurance Percent |
MI:
Lender or Borrower Paid? |
Pool
Insurance Co. Name |
Pool
Insurance Stop Loss % |
MI
Certificate Number |
Updated
DTI (Front-end) |
Updated
DTI (Back-end) |
Modification Effective Payment Date |
Total
Capitalized Amount |
Total
Deferred Amount | |
1 | 0 | |||||||||
2 | 0 | |||||||||
3 | 0 | |||||||||
4 | 0 | |||||||||
5 | 0 | |||||||||
6 | 0 | |||||||||
7 | 0 | |||||||||
8 | 0 | |||||||||
9 | 0 | |||||||||
10 | 0 |
151 | 152 | 153 | 154 | 155 | 156 | 157 | 158 | 159 | 160 | |
Pre-Modification Interest (Note) Rate |
Pre-Modification
P&I Payment |
Pre-Modification Initial Interest Rate Change Downward Cap |
Pre-Modification Subsequent Interest Rate Cap |
Pre-Modification Next Interest Rate Change Date |
Pre-Modification
I/O Term |
Forgiven
Principal Amount |
Forgiven
Interest Amount |
Number
of Modifications |
Cash To/From Brrw at Closing | |
1 | ||||||||||
2 | ||||||||||
3 | ||||||||||
4 | ||||||||||
5 | ||||||||||
6 | ||||||||||
7 | ||||||||||
8 | ||||||||||
9 | ||||||||||
10 |
161 | 162 | 163 | 164 | 165 | 166 | 167 | |
Brrw - Yrs at in Industry | CoBrrw - Yrs at in Industry | Junior Mortgage Drawn Amount | Maturity Date | Primary Borrower Wage Income (Salary) | Primary Borrower Wage Income (Bonus) | Primary Borrower Wage Income (Commission) | |
1 | 30.65 | 18.31 | 0.00 | 20420501 | 18251.26 | 0.00 | 0.00 |
2 | 4.54 | 0 | 0.00 | 20420601 | 36978.00 | 0.00 | 0.00 |
3 | 4.6 | 0 | 0.00 | 20420801 | 5980.00 | 0.00 | 0.00 |
4 | 19.5 | 0 | 0.00 | 20420801 | 14583.00 | 13063.00 | 0.00 |
5 | 18 | 0 | 0.00 | 20420801 | 15600.00 | 0.00 | 0.00 |
6 | 23 | 0 | 0.00 | 20420901 | 23023.00 | 0.00 | 0.00 |
7 | 16.8 | 0 | 0.00 | 20420801 | 18750.00 | 16389.00 | 0.00 |
8 | 25 | 0 | 0.00 | 20420901 | 14542.00 | 0.00 | 0.00 |
9 | 10 | 0 | 0.00 | 20420901 | 17917.00 | 0.00 | 0.00 |
10 | 12.4 | 0 | 0.00 | 20420901 | 22783.00 | 0.00 | 0.00 |
168 | 169 | 170 | 171 | 172 | 173 | |
Co-Borrower Wage Income (Salary) | Co-Borrower Wage Income (Bonus) | Co-Borrower Wage Income (Commission) | Originator Doc Code | RWT Income Verification | RWT Asset Verification | |
1 | 2512.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
2 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
3 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
4 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
5 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
6 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
7 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
8 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
9 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
10 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
ASF RMBS DISCLOSURE PACKAGE
The American Securitization Forum is a broad-based professional forum through which participants in the U.S. securitization market advocate their common interests on important legal, regulatory and market practice issues. ASF members include over 380 firms, including issuers, investors, servicers, financial intermediaries, rating agencies, financial guarantors, legal and accounting firms, and other professional organizations involved in securitization transactions. The ASF also provides information, education and training on a range of securitization market issues and topics through industry conferences, seminars and similar initiatives. For more information about ASF, its members and activities, please go to www.americansecuritization.com.
Field Number |
Field Name | Field Description | Type of Field |
Data Type | Sample Data | Format | When Applicable? |
Valid Values | Proposed Unique Coding |
Notes |
1 | Primary Servicer | The MERS Organization ID of the company that has or will have the right to service the loan. | General Information | Numeric – Integer | 2351805 | 9(7) | Always | “9999999” if Unknown | ||
2 | Servicing Fee—Percentage | Aggregate monthly fee paid to all servicers, stated in decimal form. | General Information | Numeric - Decimal | 0.0025 | 9.999999 | Loans without flat-dollar servicing fees | >= 0 and < 1 | Must be populated if Field 3 is Null | |
3 | Servicing Fee—Flat-dollar | Aggregate monthly fee paid to all servicers, stated as a dollar amount. | General Information | Numeric – Decimal | 7.5 | 9(3).99 | Loans with flat-dollar servicing fees | >= 0 and <= 999 |
Must be populated if 2 is Null | |
4 | Servicing Advance Methodology | The manner in which principal and/or interest are to be advanced by the servicer. | General Information | Numeric – Integer | 2 | 99 | Always | See Coding | 1 = Scheduled Interest, Scheduled Principal 2 = Actual Interest, Actual Principal 3 = Scheduled Interest, Actual Principal 99 = Unknown |
|
5 | Originator | The MERS Organization ID of the entity that lends funds to the borrower and, in return, places a lien on the mortgage property as collateral. | General Information | Numeric – Integer | 5938671 | 9(7) | Always | “9999999” if Unknown | ||
6 | Loan Group | Indicates the collateral group number in which the loan falls (for structures with multiple collateral groups). Use “1” if there is only one loan group. | General Information | Text | 1A | XXXX | Always | “UNK” if Unknown | ||
7 | Loan Number | Unique National Mortgage Loan ID Number (Vendor TBD). | General Information | Numeric – Integer | TBD | TBD | Always | TBD | Details to be provided by Vendor | |
8 | Amortization Type | Indicates whether the loan’s interest rate is fixed or adjustable (Hybrid ARMs are adjustable). | Loan Type | Numeric – Integer | 2 | 99 | Always | See Coding | 1 = Fixed 2 = Adjustable 99 = Unknown |
|
9 | Lien Position | A number indicating the loan’s lien position (1 = first lien, etc.). | Loan Type | Numeric – Integer | 1 | 99 | Always | >0 | 99 = Unknown | |
10 | HELOC Indicator | Indicates whether the loan is a home equity line of credit. | Loan Type | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
|
11 | Loan Purpose | Indicates the purpose of the loan. | Loan Type | Numeric – Integer | 9 | 99 | Always | See Coding | See Appendix A | |
12 | Cash Out Amount | Cash Out
Amount: [New Loan] – [PIF Prior First Lien] – [Payoff of all Seasoned Seconds] – [Closing Costs] –
[Prepays] For delayed purchases (refinances on homes purchased < 12 months prior to the mortgage application) with cash) Cash Out Amount = 0. |
Loan Type | Numeric – Decimal | 72476.5 | 9(10).99 | Always | >= 0 | ||
13 | Total Origination and Discount Points (in dollars) | Amount paid to the lender to increase the lender’s effective yield and, in the case of discount points, to reduce the interest rate paid by the borrower. | Loan Type | Numeric – Decimal | 5250 | 9(10).99 | Always | >= 0 | Typically Lines 801 and 802 of HUD Settlement Statement | |
14 | Covered/High Cost Loan Indicator | Indicates whether the loan is categorized as “high cost” or “covered” according to state or federal statutes or regulations. | Loan Type | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
|
15 | Relocation Loan Indicator | Indicates whether the loan is part of a corporate relocation program. | Loan Type | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
|
16 | Broker Indicator | Indicates whether a broker took the application. | Loan Type | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
|
17 | Channel | Code indicating the source (channel) from which the Issuer obtained the mortgage loan. | Loan Type | Numeric – Integer | 2 | 99 | Always | See Coding | 1 = Retail 2 = Broker 3 = Correspondent Bulk 4 = Correspondent Flow with delegated underwriting 5 = Correspondent Flow without delegated underwriting 99 = Unknown |
|
18 | Escrow Indicator | Indicates whether various homeownership expenses are paid by the borrower directly or through an escrow account (as of securitization cut-off date). | Loan Type | Numeric – Integer | 3 | 99 | Always | See Coding | 0 = No Escrows 1 = Taxes 2 = Insurance 3 = HOA dues 4 = Taxes and Insurance 5 = All 99 =Unknown |
|
19 | Senior Loan Amount(s) | For non-first mortgages, the sum of the balances of all associated senior mortgages at the time of origination of the subordinate lien. | Mortgage Lien Info | Numeric – Decimal | 611004.25 | 9(10).99 | If Lien Position > 1 | >= 0 | ||
20 | Loan Type of Most Senior Lien | For non-first mortgages, indicates whether the associated first mortgage is a Fixed, ARM, Hybrid, or negative amortization loan. | Mortgage Lien Info | Numeric – Integer | 2 | 99 | If Lien Position > 1 | See Coding | 1 = Fixed Rate 2 = ARM 3 = Hybrid 4 = Neg Am 99 = Unknown |
|
21 | Hybrid Period of Most Senior Lien (in months) | For non-first mortgages where the associated first mortgage is a hybrid ARM, the number of months remaining in the initial fixed interest rate period for the hybrid first mortgage. | Mortgage Lien Info | Numeric – Integer | 23 | 999 | If Lien Position > 1 AND the most senior lien is a hybrid ARM (see Field 20) |
>= 0 | ||
22 | Neg Am Limit of Most Senior Lien | For non-first mortgages where the associated first mortgage features negative amortization, the maximum percentage by which the negatively amortizing balance may increase (expressed as a proportion of the senior lien’s original balance). | Mortgage Lien Info | Numeric – Decimal | 1.25 | 9.999999 | If Lien Position > 1 AND the senior lien is Neg Am (see Field 20) |
>= 1 and <= 2 | ||
23 | Junior Mortgage Balance | For first mortgages with subordinate liens at the time of origination, the combined balance of the subordinate liens (if known). | Mortgage Lien Info | Numeric – Decimal | 51775.12 | 9(10).99 | If Lien Position = 1 and there is a 2nd lien on the subject property | >= 0 | Subject to Regulatory Confirmation | |
24 | Origination Date of Most Senior Lien | For non-first mortgages, the origination date of the associated first mortgage. | Mortgage Lien Info | Date | 20090914 | YYYYMMDD | If Lien Position > 1 and there is a 2nd lien on the subject property | “19010101” if unknown | ||
25 | Origination Date | The date of the Mortgage Note and Mortgage/Deed of Trust | Loan Term and Amortization Type | Date | 20090914 | YYYYMMDD | Always | “19010101” if unknown | ||
26 | Original Loan Amount | The dollar amount of the mortgage loan, as specified on the mortgage note at the time of the loan’s origination. For HELOCs, the maximum available line of credit. | Loan Term and Amortization Type | Numeric – Decimal | 150000 | 9(10).99 | Always | >0 | ||
27 | Original Interest Rate | The original note rate as indicated on the mortgage note. | Loan Term and Amortization Type | Numeric – Decimal | 0.0475 | 9.999999 | Always | > 0 and <= 1 | ||
28 | Original Amortization Term | The number of months in which the loan would be retired if the amortizing principal and interest payment were to be paid each month. | Loan Term and Amortization Type | Numeric – Integer | 360 | 999 | Always | >= 60 | ||
29 | Original Term to Maturity | The initial number of months between loan origination and the loan maturity date, as specified on the mortgage note. | Loan Term and Amortization Type | Numeric – Integer | 60 | 999 | Always | >0 | N/A | |
30 | First Payment Date of Loan | The date of the first scheduled mortgage payment to be made by the borrower as specified on the mortgage note. | Loan Term and Amortization Type | Date | 20090914 | YYYYMMDD | Always | “19010101” if unknown | N/A | |
31 | Interest Type Indicator | Indicates whether the interest rate calculation method is simple or actuarial. | Loan Term and Amortization Type | Numeric – Integer | 2 | 99 | Always | See Coding | 1= Simple 2 = Actuarial 99 = Unknown |
|
32 | Original Interest Only Term | Original interest-only term for a loan in months (including NegAm Loans). | Loan Term and Amortization Type | Numeric – Integer | 60 | 999 | Always | >= 0 and <= 240 Unknown = Blank; No Interest Only Term = 0 |
||
33 | Buy Down Period | The total number of months during which any buy down is in effect, representing the accumulation of all buy down periods. | Loan Term and Amortization Type | Numeric – Integer | 65 | 999 | Always | >= 0 and <= 100 Unknown = Blank; No Buy Down = 0 |
||
34 | HELOC Draw Period | The original number of months during which the borrower may draw funds against the HELOC account. | Loan Term and Amortization Type | Numeric – Integer | 24 | 999 | HELOCs Only | >= 12 and <= 120 | ||
35 | Scheduled Loan Amount | Mortgage loan scheduled principal balance as of cut-off date. For HELOCs, the current drawn amount. | Loan Term and Amortization Type | Numeric – Decimal | 248951.19 | 9(10).99 | Always | >= 0 | ||
36 | Current Interest Rate | The interest rate used to calculate the current P&I or I/O payment. | Loan Term and Amortization Type | Numeric – Decimal | 0.05875 | 9.999999 | Always | > 0 and <= 1 | ||
37 | Current Payment Amount Due | Next Total Payment due to be collected (including principal, interest or both—but Exclude Escrow Amounts). | Loan Term and Amortization Type | Numeric – Decimal | 1250.15 | 9(10).99 | Always | > 0 | ||
38 | Scheduled
Interest Paid Through Date |
Loan Term and Amortization Type | Date | 20090429 | YYYYMMDD | Always | “19010101” if unknown | |||
39 | Current Payment Status | Number of payments the borrower is past due as of the securitization cut-off date. | Loan Term and Amortization Type | Numeric – Integer | 3 | 99 | Always | >= 0 | ||
40 | Index Type | Specifies the type of index to be used to determine the interest rate at each adjustment. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 18 | 99 | ARMs Only | See Coding | See Appendix B | |
41 | ARM Look-back Days | The number of days prior to the interest rate adjustment date to retrieve the index value. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 45 | 99 | ARMs Only | >= 0 to <=99 | ||
42 | Gross Margin | The percentage stated on the mortgage note representing the spread between the ARM Index value and the mortgage interest rate. The gross mortgage margin is added to the index value to establish a new gross interest rate in the manner prescribed on the mortgage note. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.03 | 9.999999 | ARMs Only | >0 and <= 1 | ||
43 | ARM Round Flag | An indicator of whether an adjusted interest rate is rounded to the next higher ARM round factor, to the next lower round factor, or to the nearest round factor. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 3 | 9 | ARMs Only | See Coding | 0 = No Rounding 1 = Up 2 = Down 3 = Nearest 99=Unknown |
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44 | ARM Round Factor | The percentage to which an adjusted interest rate is to be rounded. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.0025 or 0.00125 | 9.999999 | ARMs Only Where ARM Round Flag = 1, 2, or 3 |
>= 0 and < 1 | ||
45 | Initial Fixed Rate Period | For hybrid ARMs, the period between the first payment date of the mortgage and the first interest rate adjustment date. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 60 | 999 | Hybrid ARMs Only | >= 1 to <=240 | ||
46 | Initial Interest Rate Cap (Change Up) | The maximum percentage by which the mortgage note rate may increase at the first interest rate adjustment date. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.02 | 9.999999 | ARMs Only | >= 0 and <= 1 | 99=no cap | |
47 | Initial Interest Rate Cap (Change Down) | The maximum percentage by which the mortgage note rate may decrease at the first interest rate adjustment date. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.02 | 9.999999 | ARMs Only | >= 0 and <= 1 | 99=no cap | |
48 | Subsequent Interest Rate Reset Period | The number of months between subsequent rate adjustments. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 60 | 999 | ARMs Only | >=0 and <= 120 | 0 = Loan does not adjust after initial reset | |
49 | Subsequent Interest Rate (Change Down) | The maximum percentage by which the interest rate may decrease at each rate adjustment date after the initial adjustment. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.02 | 9.999999 | ARMs Only | >= 0 and <= 1 | 99=no cap | |
50 | Subsequent Interest Rate Cap (Change Up) | The maximum percentage by which the interest rate may increase at each rate adjustment date after the initial adjustment. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.02 | 9.999999 | ARMs Only | >= 0 and <= 1 | 99=no cap | |
51 | Lifetime Maximum Rate (Ceiling) | The maximum interest rate that can be in effect during the life of the loan. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.125 | 9.999999 | ARMs Only | >= 0 and <= 1 | =1 if no ceiling specified | |
52 | Lifetime Minimum Rate (Floor) | The minimum interest rate that can be in effect during the life of the loan. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.015 | 9.999999 | ARMs Only | >= 0 and <= 1 | If no floor is specified enter the greater of the margin or 0. | |
53 | Negative Amortization Limit | The maximum amount of negative amortization allowed before recast is required. (Expressed as a percentage of the original unpaid principal balance.) | Negative Amortization | Numeric – Decimal | 1.25 | 9.999999 | Negatively Amortizing ARMs Only | >=0, and <2 | ||
54 | Initial Negative Amortization Recast Period | The number of months in which the payment is required to recast if the loan does not reach the prescribed maximum balance earlier. | Negative Amortization | Numeric – Integer | 60 | 999 | Negatively Amortizing ARMs Only | >=0 | ||
55 | Subsequent Negative Amortization Recast Period | The number of months after which the payment is required to recast AFTER the first recast period. | Negative Amortization | Numeric – Integer | 48 | 999 | Negatively Amortizing ARMs Only | >=0 | ||
56 | Initial Fixed Payment Period | Number of months after origination during which the payment is fixed. | Negative Amortization | Numeric – Integer | 60 | 999 | Negatively Amortizing Hybrid ARMs Only | >= 0 to <=120 | ||
57 | Subsequent Payment Reset Period | Number of months between payment adjustments after first payment reset. | Negative Amortization | Numeric – Integer | 12 | 999 | Negatively Amortizing ARMs Only | >= 0 to <=120 | ||
58 | Initial Periodic Payment Cap | The maximum percentage by which a payment can change (increase or decrease) in the first period. | Negative Amortization | Numeric – Decimal | 0.075 | 9.999999 | Negatively Amortizing ARMs Only | >= 0 and < 1 | ||
59 | Subsequent Periodic Payment Cap | The maximum percentage by which a payment can change (increase or decrease) in one period after the initial cap. | Negative Amortization | Numeric – Decimal | 0.075 | 9.999999 | Negatively Amortizing ARMs Only | >= 0 and < 1 | ||
60 | Initial Minimum Payment Reset Period | The maximum number of months a borrower can initially pay the minimum payment before a new minimum payment is determined. | Negative Amortization | Numeric – Integer | 12 | 999 | Negatively Amortizing ARMs Only | >= 0 to <=120 | ||
61 | Subsequent Minimum Payment Reset Period | The maximum number of months (after the initial period) a borrower can pay the minimum payment before a new minimum payment is determined after the initial period. | Negative Amortization | Numeric – Integer | 12 | 999 | Negatively Amortizing ARMs Only | >= 0 to <=120 | ||
62 | Option ARM Indicator | An indicator of whether the loan is an Option ARM. | Negative Amortization | Numeric – Integer | 1 | 99 | ARMs Only | See Coding | 0 = No 1 = Yes 99 = Unknown |
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63 | Options at Recast | The means of computing the lowest monthly payment available to the borrower after recast. | Option ARM | Numeric – Integer | 2 | 99 | Option ARMs Only | N/A | 1= Fully amortizing 30 year 2= Fully amortizing 15 year 3=Fully amortizing 40 year 4 = Interest-Only 5 = Minimum Payment 99= Unknown |
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64 | Initial Minimum Payment | The initial minimum payment the borrower is permitted to make. | Option ARM | Numeric – Decimal | 879.52 | 99 | Option ARMs Only | >=0 | ||
65 | Current Minimum Payment | Current Minimum Payment (in dollars). | Negative Amortization | Numeric – Decimal | 250 | 9(10).99 | Option ARMs Only | >= 0 | ||
66 | Prepayment Penalty Calculation | A description of how the prepayment penalty would be calculated during each phase of the prepayment penalty term. | Prepayment Penalties | Numeric – Integer | 12 | 99 | Always | See Coding | See Appendix C | |
67 | Prepayment Penalty Type | • Hard: The prepayment penalty is incurred regardless of the reason the loan is prepaid in full. • Hybrid: The prepayment penalty can be characterized as hard for a certain amount of time and as soft during another period. |
Prepayment Penalties | Numeric – Integer | 1 | 99 | All loans with Prepayment Penalties (i.e., loans for which Field 66 = something other than “0”) | See Coding | 1 = Hard 2 = Soft 3 = Hybrid 99 = Unknown |
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68 | Prepayment Penalty Total Term | The total number of months that the prepayment penalty may be in effect. | Prepayment Penalties | Numeric – Integer | 60 | 999 | All loans with Prepayment Penalties (i.e., loans for which Field 66 = something other than “0”) | >0 to <=120 | ||
69 | Prepayment Penalty Hard Term | For hybrid prepayment penalties, the number of months during which a “hard” prepayment penalty applies. | Prepayment Penalties | Numeric – Integer | 12 | 999 | Loans with Hybrid Prepayment Penalties (i.e., loans for which Field 67 = “3”) | >= 0 to <=120 | ||
70 | Primary Borrower ID | A lender-generated ID number for the primary borrower on the mortgage | Borrower | Numeric—Integer | 123456789 | 999999999 | Always | >0 | Used to identify the number of times a single borrower appears in a given deal. | |
71 | Number of Mortgaged Properties | The number of residential properties owned by the borrower that currently secure mortgage loans. | Borrower | Numeric – Integer | 1 | 99 | Always | > 0 | ||
72 | Total Number of Borrowers | The number of Borrowers who are obligated to repay the mortgage note. | Borrower | Numeric – Integers | 2 | 99 | Always | > 0 | ||
73 | Self-employment Flag | An indicator of whether the primary borrower is self-employed. | Borrower | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
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74 | Current ‘Other’ Monthly Payment | The aggregate of all payments pertaining to the subject property other than principal and interest (includes common charges, condo fees, T&I, HOA, etc.), whether escrowed or not. | Loan Term and Amortization Type | Numeric – Decimal | 1789.25 | 9(10).99 | Always | > 0 | ||
75 | Length of Employment: Borrower | The number of years of service with the borrower’s current employer as of the date of the loan. | Borrower Qualification | Numeric – Decimal | 3.5 | 99.99 | Always | >=0 | 99 = Retired, None employment income soure (social security, trust income, dividends, etc.) | |
76 | Length of Employment: Co-Borrower | The number of years of service with the co-borrower’s current employer as of the date of the loan. | Borrower Qualification | Numeric – Decimal | 3.5 | 99.99 | If “Total Number of Borrowers” > 1 | >= 0 | 99 = Retired, None employment income soure (social security, trust income, dividends, etc.) | |
77 | Years in Home | Length of time that the borrower has been at current address. | Borrower Qualification | Numeric – Decimal | 14.5 | 99.99 | Refinances of Primary Residences Only (Loan Purpose = 1, 2, 3, 4, 8 or 9) | > 0 | ||
78 | FICO Model Used | Indicates whether the FICO score was calculated using the Classic, Classic 08, or Next Generation model. | Borrower Qualification | Numeric – Integer | 1 | 99 | If a FICO score was obtained | See Coding | 1 = Classic 2 = Classic 08 3 = Next Generation 99 = Unknown |
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79 | Most Recent FICO Date | Specifies the date on which the most recent FICO score was obtained | Borrower Qualification | Date | 20090914 | YYYYMMDD | If a FICO score was obtained | “19010101” if unknown | Issuers unable to Provide may Rep and Warrant that the FICO score used for underwriting was not more than 4 months old at the date of issuance. | |
80 | Primary Wage Earner Original FICO: Equifax | Equifax FICO score for primary borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a FICO score was obtained | >= 350 and <= 850 | ||
81 | Primary Wage Earner Original FICO: Experian | Experian FICO score for primary borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a FICO score was obtained | >= 350 and <= 850 | ||
82 | Primary Wage Earner Original FICO: TransUnion | TransUnion FICO score for primary borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a FICO score was obtained | >= 350 and <= 850 | ||
83 | Secondary Wage Earner Original FICO: Equifax | Equifax FICO score for Co-borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If “Total Number of Borrowers” > 1 | >= 350 and <= 850 | ||
84 | Secondary Wage Earner Original FICO: Experian | Experian FICO score for Co-borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If “Total Number of Borrowers” > 1 | >= 350 and <= 850 | ||
85 | Secondary Wage Earner Original FICO: TransUnion | TransUnion FICO score for Co-borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If “Total Number of Borrowers” > 1 | >= 350 and <= 850 | ||
86 | Most Recent Primary Borrower FICO | Most Recent Primary Borrower FICO score used by the lender to approve the loan. | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a FICO score was obtained | >= 350 and <= 850 | ||
87 | Most Recent Co-Borrower FICO | Most Recent Co-Borrower FICO score used by the lender to approve the loan. | Borrower Qualification | Numeric – Integer | 720 | 9999 | If “Total Number of Borrowers” > 1 | >= 350 and <= 850 | ||
88 | Most Recent FICO Method | Number of credit repositories used to update the FICO Score. | Borrower Qualification | Numeric – Integer | 2 | 9 | If a FICO score was obtained | >0 | ||
89 | VantageScore: Primary Borrower | Credit Score for the Primary Borrower used to approve the loan and obtained using the Vantage credit evaluation model. | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a Vantage Credit Score was obtained | >= 501 and <= 990 | ||
90 | VantageScore: Co-Borrower | Credit Score for the Co-borrower used to approve the loan and obtained using the Vantage credit evaluation model. | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a VantageScore was obtained AND “Total Number of Borrowers” > 1 | >= 501 and <= 990 | ||
91 | Most Recent VantageScore Method | Number of credit repositories used to update the Vantage Score. | Borrower Qualification | Numeric – Integer | 2 | 9 | If a Vantage Credit Score was obtained | >0 | ||
92 | VantageScore Date | Date Vantage Credit Score was obtained. | Borrower Qualification | Date | 20090914 | YYYYMMDD | If a Vantage Credit Score was obtained | “19010101” if unknown | ||
93 | Credit Report: Longest Trade Line | The length of time in months that the oldest active trade line, installment or revolving, has been outstanding. For a loan with more than one borrower, populate field based on status for the primary borrower. | Borrower Qualification | Numeric – Integer | 999 | 999 | Always | > =0 | Subject to Regulatory Confirmation | |
94 | Credit Report: Maximum Trade Line | The dollar amount for the trade line, installment or revolving, with the largest unpaid balance. For revolving lines of credit, e.g. credit card, the dollar amount reported should reflect the maximum amount of credit available under the credit line whether used or not. For a loan with more than one borrower, populate field based on status for the primary borrower. | Borrower Qualification | Numeric – Decimal | 339420.19 | 9(10).99 | Always | >=0 | Subject to Regulatory Confirmation | |
95 | Credit Report: Number of Trade Lines | A count of non-derogatory, currently open and active, consumer trade lines (installment or revolving) for the borrower. For a loan with more than one borrower, populate field based on status for the primary borrower. | Borrower Qualification | Numeric – Integer | 57 | 999 | Always | >=0 | Subject to Regulatory Confirmation | |
96 | Credit Line Usage Ratio | Sum of credit balances divided by sum of total open credit available. | Borrower Qualification | Numeric – Decimal | 0.27 | 9.999999 | Always | >= 0 and <= 1 | Subject to Regulatory Confirmation | |
97 | Most Recent 12-month Pay History | String indicating the payment status per month listed from oldest to most recent. | Borrower Qualification | Text | 77X123200001 | X(12) | Always | See Coding | 0 = Current 1 = 30-59 days delinquent 2 = 60-89 days delinquent 3 = 90-119 days delinquent 4 = 120+ days delinquent 5 = Foreclosure 6 = REO 7 = Loan did not exist in period X = Unavailable |
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98 | Months Bankruptcy | Number of months since any borrower was discharged from bankruptcy. (Issuers unable to provide this information may rep and warrant that at least x years—as specified in the loan program—have passed since most recent discharge from bankruptcy.) | Borrower Qualification | Numeric – Integer | 12 | 999 | If Borrower has ever been in Bankruptcy | >= 0 | Blank = Borrower is not known to have been in bankruptcy | |
99 | Months Foreclosure | Number of months since foreclosure sale date. (Issuers unable to provide this information may rep and warrant that at least x years—as specified in the loan program— have passed since most recent foreclosure.) | Borrower Qualification | Numeric – Integer | 12 | 999 | If Borrower has ever been in Foreclosure | >= 0 | Blank = Borrower is not known to have been in foreclosure | |
100 | Primary Borrower Wage Income | Monthly base wage income for primary borrower. | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | Always | >= 0 | ||
101 | Co-Borrower Wage Income | Monthly base wage income for all other borrowers. | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | If “Total Number of Borrowers” > 1 | >= 0 | ||
102 | Primary Borrower Other Income | Monthly Other (non-wage) income for primary borrower. (This figure should include net rental income and be reduced by any net rental loss.) | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | Always | >= 0 | ||
103 | Co-Borrower Other Income | Monthly Other (non-wage) income for all other borrowers. (This figure should include net rental income and be reduced by any net rental loss.) | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | If “Total Number of Borrowers” > 1 | >= 0 | ||
104 | All Borrower Wage Income | Monthly income of all borrowers derived from base salary only. | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | Always | >= 0 | ||
105 | All Borrower Total Income | Monthly income of all borrowers derived from base salary, commission, tips and gratuities, overtime and bonuses, part-time or second-job earnings, alimony, child support, interest and dividend income, notes receivable, trust income, net rental income, retirement income, social security, veterans income, military income, foster care income, and self-employed income. | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | Always | >= 0 | ||
106 | 4506-T Indicator | A yes/no indicator of whether a Transcript of Tax Return (received pursuant to the filing of IRS Form 4506-T) was obtained and considered. | Borrower Qualification | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
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107 | Borrower Income Verification Level | A code indicating the extent to which the borrower’s income has been verified: Level 4 Income Verification = [W-2 (Prev. Yr.) OR TAX RETURNS* (Prev. Yr.)] AND PAY STUBS (YTD (at least one month)–if salaried) Level 5 Income Verification = 24 months income verification (W-2s, pay stubs, bank statements and/or tax returns**) *For self-employed
borrowers: Level 4 Income Verification:
|
Borrower Qualification | Numeric – Integer | 1 | 9 | Always | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, “Level 4” Verified (as defined) 5 = Stated, “Level 5” Verified (as defined) |
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108 | Co-Borrower Income Verification | A code indicating the extent to which the co-borrower’s income has been verified: Level 4 Income Verification = [W-2 (Prev. Yr.) OR TAX RETURNS* (Prev. Yr.)] AND PAY STUBS (YTD (at least one month)–if salaried) Level 5 Income Verification = 24 months income verification (W-2s, pay stubs, bank statements and/or tax returns**) *For self-employed borrowers:
Level 4 Income Verification: |
Borrower Qualification | Numeric – Integer | 2 | 9 | If “Total Number of Borrowers” > 1 | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, “Level 4” Verified (as defined) 5 = Stated, “Level 5” Verified (as defined) |
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109 | Borrower Employment Verification | A code indicating the extent to which the primary borrower’s employment has been verified: Level 3 Verified = Direct Independent Verification with a third party of the borrower’s current employment. |
Borrower Qualification | Numeric – Integer | 2 | 9 | Always | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, Level 3 Verified (as defined) |
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110 | Co-Borrower Employment Verification | A code indicating the extent to which the co-borrower’s employment has been verified: Level 3 Verified = Direct Independent Verification with a third party of the co-borrower’s current employment. |
Borrower Qualification | Numeric – Integer | 1 | 9 | If “Total Number of Borrowers” > 1 | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, Level 3 Verified (as defined) |
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111 | Borrower Asset Verification | A code indicating the extent to which the primary borrower’s assets used to qualify the loan have been verified: Level 4 Verified = 2 months of bank statements/balance documentation (written or electronic) for liquid assets (or gift letter). |
Borrower Qualification | Numeric – Integer | 3 | 9 | Always | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, Level 4 Verified (as defined) |
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112 | Co-Borrower Asset Verification | A code indicating the extent to which the co-borrower’s assets used to qualify the loan have been verified: Level 4 = 2 months of bank statements/balance documentation (written or electronic) for liquid assets (or gift letter). |
Borrower Qualification | Numeric – Integer | 2 | 9 | If “Total Number of Borrowers” > 1 | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, Level 4 Verified (as defined) |
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113 | Liquid / Cash Reserves | The actual dollar amount of remaining verified liquid assets after settlement. (This should not include cash out amount of subject loan.) | Borrower Qualification | Numeric – Decimal | 3242.76 | 9(9).99 | Always | >= 0 | ||
114 | Monthly Debt All Borrowers | The aggregate monthly payment due on other debt (excluding only installment loans with fewer than 10 payments remaining and other real estate loans used to compute net rental income-- which is added/subtracted in the income fields). | Borrower Qualification | Numeric – Decimal | 3472.43 | 9(9).99 | Always | >= 0 | ||
115 | Originator DTI | Total Debt to income ratio used by the originator to qualify the loan. | Borrower Qualification | Numeric – Decimal | 0.35 | 9.999999 | Always | >= 0 and >= 1 | ||
116 | Fully Indexed Rate | The fully indexed interest rate as of securitization cut-off. | Borrower Qualification | Numeric – Decimal | 0.0975 | 9.999999 | ARMs Only | >= 0 and >= 1 | ||
117 | Qualification Method | Type of mortgage payment used to qualify the borrower for the loan. | Borrower Qualification | Numeric – Integer | 3 | 99 | Always | See Coding | 1 = Start Rate 2 = First Year Cap Rate 3 = I/O Amount 4 = Fully Indexed 5 = Min Payment 98 = Other 99 = Unknown |
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118 | Percentage of Down Payment from Borrower Own Funds | Include only borrower funds, do not include any gift or borrowed funds. (Issuers may provide the actual percentage for each loan, or the guideline percentage and note departure concentration on the transaction summary.) | Borrower Qualification | Numeric – Decimal | 0.5 | 9.999999 | Purchase Loans Only | >= 0 and >= 1 | ||
119 | City | The name of the city. | Subject Property | Text | New York | X(45) | Always | Unk=Unknown | ||
120 | State | The name of the state as a 2-digit Abbreviation. | Subject Property | Text | NY | XX | Always | See Coding | See Appendix H | |
121 | Postal Code | The postal code (zip code in the US) where the subject property is located. | Subject Property | Text | 10022 | X(5) | Always | Unk=Unknown | ||
122 | Property Type | Specifies the type of property being used to secure the loan. | Subject Property | Numeric – Integer | 11 | 99 | Always | See Coding | See Appendix D | |
123 | Occupancy | Specifies the property occupancy status (e.g., owner-occupied, investment property, second home, etc.). | Subject Property | Numeric – Integer | 4 | 9 | Always | See Coding | See Appendix E | |
124 | Sales Price | The negotiated price of a given property between the buyer and seller. | Subject Property | Numeric – Decimal | 450000.23 | 9(10).99 | Purchase Loans Only | > 0 | ||
125 | Original Appraised Property Value | The appraised value of the property used to approve the loan. | Subject Property | Numeric – Decimal | 550000.23 | 9(10).99 | Always | > 0 | ||
126 | Original Property Valuation Type | Specifies the method by which the property value (at the time of underwriting) was reported. | Subject Property | Numeric – Integer | 8 | 99 | Always | See Coding | See Appendix F | |
127 | Original Property Valuation Date | Specifies the date on which the original property value (at the time of underwriting) was reported. (Issuers unable to provide may Rep and Warrant that the appraisal used for underwriting was not more than x days old at time of loan closing.) | Subject Property | Date | 20090914 | YYYYMMDD | Always | “19010101” if unknown | ||
128 | Original Automated Valuation Model (AVM) Model Name | The name of the AVM Vendor if an AVM was used to determine the original property valuation. | Subject Property | Numeric – Integer | 1 | 99 | Always | See Appendix I | See Appendix I | |
129 | Original AVM Confidence Score | The confidence range presented on the AVM report. | Subject Property | Numeric – Decimal | 0.74 | 9.999999 | If AVM Model Name (Field 127) > 0 | >= 0 to <= 1 | ||
130 | Most Recent Property Value[1] | If a valuation was obtained subsequent to the valuation used to calculate LTV, the most recent property value. | Subject Property | Numeric – Decimal | 500000 | 9(10).99 | If updated value was obtained subsequent to loan approval | > 0 | ||
131 | Most Recent Property Valuation Type | If an additional property valuation was obtained after the valuation used for underwriting purposes, the method by which the property value was reported. | Subject Property | Numeric – Integer | 6 | 9 | If updated value was obtained subsequent to loan approval | See Coding | See Appendix F | |
132 | Most Recent Property Valuation Date | Specifies the date on which the updated property value was reported. | Subject Property | Date | 20090914 | YYYYMMDD | If updated value was obtained subsequent to loan approval | “19010101” if unknown | ||
133 | Most Recent AVM Model Name | The name of the AVM Vendor if an AVM was used to determine the updated property valuation. | Subject Property | Numeric – Integer | 19 | 99 | If updated value was obtained subsequent to loan approval | See Coding | See Appendix I | |
134 | Most Recent AVM Confidence Score | If AVM used to determine the updated property valuation, the confidence range presented on the AVM report. | Subject Property | Numeric – Decimal | 0.85 | 9.999999 | If “Most Recent AVM Model Name” > 0 | >= 0 to <= 1 | ||
135 | Original CLTV | The ratio obtained by dividing the amount of all known outstanding mortgage liens on a property at origination by the lesser of the appraised value or the sales price. The value is then truncated to four decimal places. | Loan-to-Value (LTV) | Numeric – Decimal | 0.96 | 9.999999 | Always | >= 0 and <= 1.5 | ||
136 | Original LTV | The ratio obtained by dividing the original mortgage loan amount on the note date by the lesser of the mortgaged property’s appraised value on the note date or its purchase price. The value is then truncated to four decimal places. | Loan-to-Value (LTV) | Numeric – Decimal | 0.8 | 9.999999 | Always | >= 0 and <= 1.25 | ||
137 | Original Pledged Assets | The total value of assets pledged as collateral for the loan at the time of origination. Pledged assets may include cash or marketable securities. | Loan-to-Value (LTV) | Numeric – Decimal | 75000 | 9(10).99 | Always | >=0 | ||
138 | Mortgage Insurance Company Name | The name of the entity providing mortgage insurance for a loan. | Mortgage Insurance | Numeric – Integer | 3 | 99 | Always | See Coding | See Appendix G | |
139 | Mortgage Insurance Percent | Mortgage Insurance coverage percentage. | Mortgage Insurance | Numeric – Decimal | 0.25 | 9.999999 | “Mortgage Insurance Company Name” > 0 | >= 0 to <= 1 | ||
140 | MI: Lender or Borrower Paid? | An indicator of whether mortgage insurance is paid by the borrower or the lender. | Mortgage Insurance | Numeric – Integer | 1 | 99 | “Mortgage Insurance Company Name” > 0 | See Coding | 1 = Borrower-Paid 2 = Lender- Paid 99 = Unknown |
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141 | Pool Insurance Co. Name | Name of pool insurance provider. | Mortgage Insurance | Numeric – Integer | 8 | 99 | Always | See Coding | See Appendix G | |
142 | Pool Insurance Stop Loss % | The aggregate amount that a pool insurer will pay, calculated as a percentage of the pool balance. | Mortgage Insurance | Numeric – Decimal | 0.25 | 9.999999 | Pool MI Company > 0 | >= 0 to <= 1 | ||
143 | MI Certificate Number | The unique number assigned to each individual loan insured under an MI policy. | Mortgage Insurance | Text | 123456789G | X(20) | MI Company > 0 |
UNK = Unknown | ||
144 | Updated DTI (Front-end) |
Updated front-end DTI ratio (total monthly housing expense divided by total monthly income) used to qualify the loan modification. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.35 | 9.999999 | Modified Loans Only | >= 0 and >= 1 | ||
145 | Updated DTI (Back-end) |
Updated back-end DTI ratio (total monthly debt expense divided by total monthly income) used to qualify the loan modification. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.35 | 9.999999 | Modified Loans Only | >= 0 and >= 1 | ||
146 | Modification Effective Payment Date | Date of first payment due post modification. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Date | 20090914 | YYYYMMDD | Modified Loans Only | “19010101” if unknown | ||
147 | Total Capitalized Amount | Amount added to the principal balance of a loan due to the modification. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 12000 | 9(10).99 | Modified Loans Only | >= 0 | ||
148 | Total Deferred Amount | Any non-interest-bearing deferred amount (e.g., principal, interest and fees). | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 12000 | 9(10).99 | Modified Loans Only | >= 0 | ||
149 | Pre-Modification Interest (Note) Rate | Scheduled Interest Rate Of The Loan Immediately Preceding The Modification Effective Payment Date. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.075 | 9.999999 | Modified Loans Only | >= 0 to <= 1 | ||
150 | Pre-Modification P&I Payment | Scheduled Total Principal And Interest Payment Amount Preceding The Modification Effective Payment Date – or if servicer is no longer advancing P&I, the payment that would be in effect if the loan were current. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 2310.57 | 9(10).99 | Modified Loans Only | > 0 | ||
151 | Pre-Modification Initial Interest Rate Change Downward Cap | Maximum amount the rate can adjust downward on the first interest rate adjustment date (prior to modification) – Only provide if the rate floor is modified. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.015 | 9.999999 | Modified Loans Only | >= 0 to <= 1 | ||
152 | Pre-Modification Subsequent Interest Rate Cap | Maximum increment the rate can adjust upward AFTER the initial rate adjustment (prior to modification) – Only provide if the Cap is modified. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.015 | 9.999999 | Modified Loans Only | >= 0 to <= 1 | ||
153 | Pre-Modification Next Interest Rate Change Date | Next Interest Reset Date Under The Original Terms Of The Loan (one month prior to new payment due date). | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Date | 20090914 | YYYYMMDD | Modified Loans Only | “19010101” if unknown | ||
154 | Pre-Modification I/O Term | Interest Only Term (in months) preceding The Modification Effective Payment Date. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Integer | 36 | 999 | Modified Loans Only | >= 0 to <= 120 | ||
155 | Forgiven Principal Amount | The sum total of all principal balance reductions (as a result of loan modification) over the life of the loan. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 12000 | 9(10).99 | Modified Loans Only | >= 0 | ||
156 | Forgiven Interest Amount | The sum total of all interest incurred and forgiven (as a result of loan modification) over the life of the loan. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 12000 | 9(10).99 | Modified Loans Only | >= 0 | ||
157 | Number of Modifications | The number of times the loan has been modified. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Integer | 1 | 9 | Modified Loans Only | >= 0 | ||
158 | Cash To/From Brrw at Closing | Indicates
the amount of cash the borrower(s) paid into or received at closing. [HUD-1 Bottom Line] + [Earnest money] + [Paid Outside Closing Items] |
Numeric – Decimal | 100000.01 | 9(10).99 | |||||
159 | Brrw - Yrs at in Industry | Number of years the primary borrower has been working in their current industry | Numeric – Decimal | 9.9 | 9.999999 | |||||
160 | CoBrrw - Yrs at in Industry | Number of years the co-borrower has been working in their current industry | Numeric – Decimal | 8 | 9.999999 | |||||
161 | Junior Mortgage Drawn Amount | Applicable if the subject loan is a first mortgage. At the time of origination for the subject loan, the sum of the outstanding balance(s) for any junior mortgages (HELOCs and closed-end). | Numeric – Decimal | 100000.01 | 9(10).99 | |||||
162 | Maturity Date | Maturity date of mortgage | Date | 20420501 | YYYYMMDD | |||||
163 | Primary Borrower Wage Income (Salary) | The primary borrower's salary wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
164 | Primary Borrower Wage Income (Bonus) | The primary borrower's bonus wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
165 | Primary Borrower Wage Income (Commission) | The primary borrower's commission wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
166 | Co-Borrower Wage Income (Salary) | The coborrower's salary wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
167 | Co-Borrower Wage Income (Bonus) | The coborrower's bonus wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
168 | Co-Borrower Wage Income (Commission) | The coborrower's commission wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
169 | Originator Doc Code | Documentation Code value as presented by the seller. | Text | Full | XXXX | |||||
170 | RWT Income Verification | Internal Redwood Derived field. Due Diligence / Trade Desk derived value indicating the level of primary borrower asset verification | Text | 2 Years | XXXX | |||||
171 | RWT Asset Verification | Internal Redwood Derived field. Due Diligence / Trade Desk derived value indicating the level of primary borrower Income verification | Text | 2 Months | XXXX | |||||
MH-1 | Real Estate Interest | Indicates whether the property on which the manufactured home is situated is owned outright or subject to the terms of a short- or long-term lease. (A long-term lease is defined as a lease whose term is greater than or equal to the loan term.) | Manufactured Housing | Numeric – Integer | 2 | 99 | Manufactured Housing Loans Only | See Coding | 1 = Owned 2 = Short-term lease 3 = Long-term lease 99 = Unavailable |
|
MH-2 | Community Ownership Structure | If the manufactured home is situated in a community, a means of classifying ownership of the community. | Manufactured Housing | Numeric – Integer | 2 | 99 | Manufactured Housing Loans Only | See Coding | 1 = Public Institutional 2 = Public Non-Institutional 3 = Private Institutional 4 = Private Non-Institutional 5 = HOA-Owned 6 = Non-Community 99 = Unavailable |
|
MH-3 | Year of Manufacture | The year in which the home was manufactured (Model Year -- YYYY Format). Required only in cases where a full appraisal is not provided. | Manufactured Housing | Numeric – Integer | 2006 | YYYY | Manufactured Housing Loans Only | 1901 = Unavailable | ||
MH-4 | HUD Code Compliance Indicator (Y/N) | Indicates whether the home was constructed in accordance with the 1976 HUD code. In general, homes manufactured after 1976 comply with this code. | Manufactured Housing | Numeric – Integer | 1 | 9 | Manufactured Housing Loans Only | See Codes | 0 = No 1 = Yes 99 = Unavailable |
|
MH-5 | Gross Manufacturer’s Invoice Price | The total amount that appears on the manufacturer’s invoice (typically includes intangible costs such as transportation, association, on-site setup, service and warranty costs, taxes, dealer incentives, and other fees). | Manufactured Housing | Numeric – Decimal | 72570.62 | 9(10).99 | Manufactured Housing Loans Only | >= 0 | ||
MH-6 | LTI (Loan-to-Invoice) Gross | The ratio of the loan amount divided by the Gross Manufacturer’s Invoice Price (Field MH-5). | Manufactured Housing | Numeric – Decimal | 0.75 | 9.999999 | Manufactured Housing Loans Only | >= 0 to <= 1 | ||
MH-7 | Net Manufacturer’s Invoice Price | The Gross Manufacturer’s Invoice Price (Field MH-5) minus intangible costs, including: transportation, association, on-site setup, service, and warranty costs, taxes, dealer incentives, and other fees. | Manufactured Housing | Numeric – Decimal | 61570.62 | 9(10).99 | Manufactured Housing Loans Only | >= 0 | ||
MH-8 | LTI (Net) | The ratio of the loan amount divided by the Net Manufacturer’s Invoice Price (Field MH-7). | Manufactured Housing | Numeric – Decimal | 0.62 | 9.999999 | Manufactured Housing Loans Only | >= 0 to <= 1 | ||
MH-9 | Manufacturer Name | The manufacturer of the subject property. (To be applied only in cases where no appraised value/other type of property valuation is available.) | Manufactured Housing | Text | “XYZ Corp” | Char (100) | Manufactured Housing Loans Only (where no appraised value is provided) | MH Manufacturer name in double quotation marks | ||
MH-10 | Model Name | The model name of the subject property. (To be applied only in cases where no appraised value/other type of property valuation is available.) | Manufactured Housing | Text | “DX5-916-X” | Char (100) | Manufactured Housing Loans Only (where no appraised value is provided) | MH Model name in double quotation marks | ||
MH-11 | Down Payment Source | An indicator of the source of the down payment used by the borrower to acquire the property and qualify for the mortgage. | Manufactured Housing | Numeric – Integer | 2 | 99 | Manufactured Housing Loans Only | See Codes | 1 = Cash 2 = Proceeds from trade in 3 = Land in Lieu 4 = Other 99 = Unavailable |
|
MH-12 | Community/Related Party Lender (Y/N) | An indicator of whether the loan was made by the community owner, an affiliate of the community owner or the owner of the real estate upon which the collateral is located. | Manufactured Housing | Numeric – Integer | 1 | 99 | Manufactured Housing Loans Only | See Codes | 0 = No 1 = Yes 99 = Unavailable |
|
MH-13 | Defined Underwriting Criteria (Y/N) | An indicator of whether the loan was made in accordance with a defined and/or standardized set of underwriting criteria. | Manufactured Housing | Numeric – Integer | 1 | 99 | Manufactured Housing Loans Only | See Codes | 0 = No 1 = Yes 99 = Unavailable |
|
MH-14 | Chattel Indicator | An Indicator of whether the secured property is classified as chattel or Real Estate. | Manufactured Housing | Numeric – Integer | 1 | 99 | Manufactured Housing Loans Only | See Codes | 0 = Real
Estate 1 = Chattel 99 = Unavailable |
ATTACHMENT 2
PURCHASE AND SERVICING AGREEMENT
26 |
ATTACHMENT 3
ADDITIONAL DEFINED TERMS FROM POOLING AND SERVICING AGREEMENT
Affiliate: With respect to any specified Person, any other Person controlling or controlled by or under common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.
Independent: When used with respect to any other Person, a Person who (a) is in fact independent of another specified Person and any Affiliate of such other Person, (b) does not have any material direct financial interest in such other Person or any Affiliate of such other Person, and (c) is not connected with such other Person or any Affiliate of such other Person as an officer, employee, promoter, underwriter, trustee, partner, director or Person performing similar functions.
Liquidation Proceeds: Amounts, including Insurance Proceeds, received in connection with the partial or complete liquidation of defaulted Mortgage Loans, whether through trustee’s sale, foreclosure sale or otherwise or amounts received in connection with any condemnation or partial release of a Mortgaged Property and any other proceeds received in connection with an REO Property.
Principal Forbearance Amount: With respect to a Mortgage Loan that was the subject of a Servicing Modification, the amount of principal of the Mortgage Loan that has been deferred and that does not accrue interest.
Servicing Modification: Any reduction of the Note Rate on or the outstanding principal balance of a Mortgage Loan, any extension of the final maturity date of a Mortgage Loan, any increase to the outstanding principal balance of a Mortgage Loan by adding to the Stated Principal Balance unpaid principal and interest and other amounts owing under the Mortgage Loan, any Principal Forbearance Amount and any other modification, in each case pursuant to a modification of a Mortgage Loan that is in default or for which, in the judgment of the Servicer, default is reasonably foreseeable in accordance with the Purchase and Servicing Agreement.
27 |
EXHIBIT D-3
INITIAL AUTHORIZED REPRESENTATIVES OF THE SERVICER
Name | Title | Specimen Signature | ||
D-3 |
EXHIBIT F
REQUEST FOR RELEASE OF DOCUMENTS
To: | Wells Fargo Bank, N.A. | Date: _______________ |
751 Kasota Avenue
Minneapolis, MN 55414
Attn: WFDC Release Department.
Re: | Custodial Agreement, dated as of October 1, 2012, among Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee, Wells Fargo Bank, N.A., as Custodian, Sequoia Residential Funding, Inc., as Depositor, and Redwood Residential Acquisition Corporation, as Seller |
In connection with the administration of the Mortgage Loans held by you as Custodian for the Trustee pursuant to the above-captioned Custodial Agreement, we request the release of the Custodian’s Mortgage File for the Mortgage Loan described below, for the reason indicated.
Mortgage Loan Number: | Investor Number: | |
Mortgagor Name, Address & Zip Code: | Pool Number: |
Reason for Requesting Documents (check one):
_______ 1. Mortgage Paid in Full
_______ 2. Foreclosure
_______ 3. Substitution
_______ 4. Other Liquidation
_______ 5. Non-liquidation | Reason:__________________ |
For CMI Use Only:_____________ |
By: | ||
(Authorized Signature) |
Printed Name | ||
Servicer Name: | PHH Mortgage Corporation | |
Ship To Address: | One Mortgage Way | |
Mount Laurel, NJ 08054 | ||
Phone: |
F-1 |
Custodian
Please acknowledge the execution of the above request by your signature and date below:
Date | ||
Signature | ||
Documents returned to Custodian: | ||
Date | ||
Custodian |
F-2 |
EXHIBIT 13
FORM OF MONTHLY LOSS REPORT
Exhibit : 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.
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. |
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 ( ). |
Exhibit 3A: Calculation of Realized Loss/Gain Form 332
Prepared by: | Date: | |||
Phone: | Email Address: |
Servicer Loan No.
|
Servicer Name
|
Servicer Address
|
WELLS FARGO BANK, N.A. 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 / |
Date Paid |
Period of Coverage |
Total Paid |
Base Amount |
Penalties | Interest |
EXHIBIT 14
FORM OF DELINQUENCY REPORTING
Exhibit : Standard File Layout – Delinquency Reporting
*The column/header names in bold are the minimum fields Wells 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; |
Column/Header Name | Description | Decimal | Format Comment |
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 ($) |
OFFER_DATE_TIME | The date an offer is received by DA Admin or by the Servicer. | MM/DD/YYYY | |
REO_CLOSING_DATE | The date the REO sale of the property is scheduled to close. | MM/DD/YYYY | |
REO_ACTUAL_CLOSING_DATE | Actual Date Of REO Sale | MM/DD/YYYY | |
OCCUPANT_CODE | Classification of how the property is occupied. | ||
PROP_CONDITION_CODE | A code that indicates the condition of the property. | ||
PROP_INSPECTION_DATE | The date a property inspection is performed. | MM/DD/YYYY | |
APPRAISAL_DATE | The date the appraisal was done. | MM/DD/YYYY |
Column/Header Name | Description | Decimal | Format Comment |
CURR_PROP_VAL | The current "as is" value of the property based on brokers price opinion or appraisal. | 2 | |
REPAIRED_PROP_VAL | The amount the property would be worth if repairs are completed pursuant to a broker's price opinion or appraisal. | 2 | |
If applicable: | |||
DELINQ_STATUS_CODE | FNMA Code Describing Status of Loan | ||
DELINQ_REASON_CODE | The circumstances which caused a borrower to stop paying on a loan. Code indicates the reason why the loan is in default for this cycle. | ||
MI_CLAIM_FILED_DATE | Date Mortgage Insurance Claim Was Filed With Mortgage Insurance Company. | MM/DD/YYYY | |
MI_CLAIM_AMT | Amount of Mortgage Insurance Claim Filed | No commas(,) or dollar signs ($) | |
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 ($) |
FHA_PART_B_CLAIM_FILED_DATE | Date FHA Part B Claim Was Filed With HUD | MM/DD/YYYY | |
FHA_PART_B_CLAIM_AMT | Amount of FHA Part B Claim Filed | 2 | No commas(,) or dollar signs ($) |
Column/Header Name | Description | Decimal | Format Comment |
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: Wells 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 Wells 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 |
Exhibit 2: 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 mortgagor’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 |
Exhibit 2: 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 |
REDWOOD RESIDENTIAL ACQUISITION CORPORATION,
|
||
as Owner
|
||
By:
|
/s/ John Isbrandtsen
|
|
Name: John Isbrandtsen
|
||
Title: Authorized Officer
|
||
CENLAR, FSB,
|
||
as Servicer
|
||
By:
|
/s/ Gregory S. Tornquist
|
|
Name: Gregory S. Tornquist
|
||
Page
|
||
SECTION 1.
|
Definitions
|
1
|
SECTION 2.
|
Acknowledgement
|
14
|
SECTION 3.
|
Mortgage Loan Schedule
|
14
|
SECTION 4.
|
Delivery of Servicing Files; Possession of Mortgage Files; Transfer Costs
|
14
|
Subsection 4.01
|
Delivery of Servicing Files
|
14
|
Subsection 4.02
|
Possession of Mortgage Files
|
15
|
Subsection 4.03
|
Transfer Expenses
|
15
|
SECTION 5.
|
Inspection of Documents
|
15
|
SECTION 6.
|
Helping Families Notice
|
15
|
SECTION 7.
|
Representations and Warranties; Effect of Breach
|
16
|
Subsection 7.01
|
Servicer Representations and Warranties
|
16
|
Subsection 7.02
|
Owner Representations and Warranties
|
17
|
Subsection 7.03
|
Representations and Warranties Regarding Individual Mortgage Loans
|
19
|
Subsection 7.04
|
Repurchase or Substitution of Mortgage Loans by Originator
|
20
|
SECTION 8.
|
[Reserved.]
|
20
|
SECTION 9.
|
Closing Conditions
|
20
|
SECTION 10.
|
Costs
|
21
|
SECTION 11.
|
Administration and Servicing of Mortgage Loans
|
21
|
Subsection 11.01
|
Servicer to Act as Servicer; Subservicing
|
21
|
Subsection 11.02
|
Liquidation of Mortgage Loans
|
24
|
Subsection 11.03
|
Collection of Mortgage Loan Payments
|
24
|
Subsection 11.04
|
Establishment of Custodial Account; Deposits in Custodial Account
|
25
|
Subsection 11.05
|
Withdrawals From the Custodial Account
|
27
|
Subsection 11.06
|
Establishment of Escrow Account; Deposits in Escrow Account
|
28
|
Subsection 11.07
|
Withdrawals From Escrow Account
|
28
|
Subsection 11.08
|
Payment of Taxes, Insurance and Other Charges; Collections Thereunder
|
29
|
Subsection 11.09
|
Transfer of Accounts
|
29
|
Subsection 11.10
|
Maintenance of Hazard Insurance
|
30
|
Page | ||
Subsection 11.11
|
Maintenance of Primary Mortgage Insurance Policy; Claims
|
31
|
Subsection 11.12
|
Fidelity Bond; Errors and Omissions Insurance
|
|
Subsection 11.13
|
Title, Management and Disposition of REO Property
|
32
|
Subsection 11.14
|
Servicing Compensation
|
32
|
Subsection 11.15
|
Distributions
|
33
|
Subsection 11.16
|
Statements to the Owner
|
34
|
Subsection 11.17
|
[Reserved]
|
34
|
Subsection 11.18
|
Assumption Agreements
|
34
|
Subsection 11.19
|
Satisfaction of Mortgages and Release of Mortgage Files
|
35
|
Subsection 11.20
|
Servicer Shall Provide Access and Information as Reasonably Required
|
36
|
Subsection 11.21
|
Inspections
|
36
|
Subsection 11.22
|
Restoration of Mortgaged Property
|
36
|
Subsection 11.23
|
Fair Credit Reporting Act
|
37
|
Subsection 11.24
|
Prepayment Charges
|
37
|
Subsection 11.25
|
Recovery and Reimbursement of Advances
|
37
|
SECTION 12.
|
The Servicer
|
38
|
Subsection 12.01
|
Indemnification; Third Party Claims
|
38
|
Subsection 12.02
|
Merger or Consolidation of the Servicer
|
39
|
Subsection 12.03
|
Limitation on Liability of the Servicer and Others
|
39
|
Subsection 12.04
|
Servicer Resignation Requirements
|
40
|
Subsection 12.05
|
No Liability for Failure to Deliver Servicing Files
|
40
|
SECTION 13.
|
Default
|
40
|
Subsection 13.01
|
Events of Default
|
40
|
Subsection 13.02
|
Waiver of Default
|
41
|
SECTION 14.
|
Termination
|
42
|
Subsection 14.01
|
Termination
|
42
|
Subsection 14.02
|
Successors to the Servicer
|
42
|
Subsection 14.03
|
Termination by Owner
|
43
|
SECTION 15.
|
Notices
|
44
|
SECTION 16.
|
Severability Clause
|
44
|
SECTION 17.
|
No Partnership
|
45
|
Page | ||
SECTION 18.
|
Counterparts
|
45
|
SECTION 19.
|
Governing Law; Choice of Forum; Waiver of Jury Trial
|
|
SECTION 20.
|
Reserved
|
46
|
SECTION 21.
|
Waivers
|
46
|
SECTION 22.
|
Exhibits
|
46
|
SECTION 23.
|
General Interpretive Principles
|
46
|
SECTION 24.
|
Reproduction of Documents
|
47
|
SECTION 25.
|
Amendment
|
47
|
SECTION 26.
|
Confidentiality
|
47
|
SECTION 27.
|
Entire Agreement
|
47
|
SECTION 28.
|
Further Agreements
|
48
|
SECTION 29.
|
Successors and Assigns
|
48
|
SECTION 30.
|
Non-Solicitation
|
48
|
SECTION 31.
|
Protection of Consumer Information
|
49
|
SECTION 32.
|
Cooperation of the Servicer With a Reconstitution; Regulation AB Compliance
|
50
|
EXHIBIT 1
|
FORM OF SERVICER ACKNOWLEDGEMENT
|
EXHIBIT 2
|
FORM OF NOTICE OF SALE OF OWNERSHIP OF MORTGAGE LOAN
|
EXHIBIT 3
|
TRANSFER INSTRUCTIONS
|
ADDENDUM I
|
REGULATION AB COMPLIANCE ADDENDUM
|
ADDENDUM II
|
ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT
|
|
SECTION 17. No Partnership.
|
|
SECTION 18. Counterparts.
|
|
SECTION 19. Governing Law; Choice of Forum; Waiver of Jury Trial.
|
|
SECTION 20. Reserved.
|
|
SECTION 21. Waivers.
|
|
SECTION 22. Exhibits.
|
|
SECTION 23. General Interpretive Principles.
|
|
SECTION 24. Reproduction of Documents.
|
|
SECTION 25. Amendment.
|
|
SECTION 26. Confidentiality.
|
|
SECTION 27. Entire Agreement.
|
|
SECTION 28. Further Agreements.
|
|
SECTION 29. Successors and Assigns.
|
|
SECTION 30. Non-Solicitation.
|
|
SECTION 31. Protection of Consumer Information.
|
|
SECTION 32. Cooperation of the Servicer With a Reconstitution; Regulation AB Compliance.
|
REDWOOD RESIDENTIAL ACQUISITION
|
||
CORPORATION,
|
||
as Owner
|
||
By:
|
/s/ John Isbrandtsen
|
|
Name:
|
John Isbrandtsen
|
|
Title:
|
Authorized Officer
|
CENLAR FSB,
|
||
as Servicer
|
||
By:
|
/s/ Gregory S. Tornquist
|
|
Name:
|
Gregory S. Tornquist
|
|
President/CEO
|
REDWOOD RESIDENTIAL
ACQUISITION CORPORATION
as Owner
|
CENLAR FSB
as Servicer
|
|||
By:
|
By:
|
|||
Name:
|
Name:
|
|||
Its:
|
Its:
|
LOAN INFORMATION
|
Date of Loan:
|
Original Amount of Loan:
|
Date Your Loan was Sold to the New Creditor:
|
Address of Mortgaged Property:
|
SERVICER INFORMATION
|
Name:
|
Mailing Address:
|
Telephone Number (Toll free):
|
NEW CREDITOR INFORMATION
|
Name:
|
Mailing Address: (not for payments):
|
Telephone Number (Toll free):
|
AGENT INFORMATION (If we have granted an agent other than the servicer authority to act on our behalf, contact information for such agent will appear below):
|
Name:
|
Mailing Address:
|
Telephone Number (Toll free):
|
|
The transfer of the lien associated with your loan is currently recorded, or in the future may be recorded, in the public records of the local County Recorder’s office for the county where your property is located. If checked ¨, ownership of your loan is also recorded on the registry of the Mortgage Electronic Registrations System at 1818 Library Street, Suite 300, Reston, VA 20190.
|
|
[Confirm if applicable] Your loan has been securitized and we own legal title to your loan acting as trustee of the related securitization trust (the “Trust”) for the benefit of the holders (the “Holders”) of the mortgage-backed securities issued by the Trust. Our rights and obligations, as trustee, are defined in one or more contracts among us, the Holders and certain other parties. As a result, our authority to respond favorably to your requests or inquiries may be limited by the terms of such contracts.
|
Date:
|
By:
|
|
Name:
|
|
Title:
|
Servicing Criteria
|
Applicable
Servicing
Criteria
|
|
Reference
|
Criteria
|
|
General Servicing Considerations
|
||
Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements.
|
x
|
|
1122(d)(1)(i)
|
||
1122(d)(1)(ii)
|
If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities.
|
x
|
1122(d)(1)(iii)
|
Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained.
|
|
1122(d)(1)(iv)
|
A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements.
|
x
|
Cash Collection and Administration
|
||
1122(d)(2)(i)
|
Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements.
|
x
|
1122(d)(2)(ii)
|
Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.
|
x
|
1122(d)(2)(iii)
|
Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements.
|
x
|
1122(d)(2)(iv)
|
The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.
|
x
|
Servicing Criteria |
Applicable
Servicing
Criteria
|
||
Reference
|
Criteria
|
||
1122(d)(2)(v)
|
Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act.
|
x
|
|
1122(d)(2)(vi)
|
Unissued checks are safeguarded so as to prevent unauthorized access.
|
||
1122(d)(2)(vii)
|
Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements.
|
x
|
|
Investor Remittances and Reporting
|
|||
1122(d)(3)(i)
|
Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of mortgage loans serviced by the Servicer.
|
x
|
|
1122(d)(3)(ii)
|
Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements.
|
x
|
|
1122(d)(3)(iii)
|
Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements.
|
x
|
|
1122(d)(3)(iv)
|
Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.
|
x
|
Servicing Criteria |
Applicable
Servicing
Criteria
|
|
Reference
|
Criteria
|
|
Pool Asset Administration
|
||
1122(d)(4)(i)
|
Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents.
|
x
|
1122(d)(4)(ii)
|
Mortgage loan and related documents are safeguarded as required by the transaction agreements
|
x
|
1122(d)(4)(iii)
|
Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements.
|
x
|
1122(d)(4)(iv)
|
Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in
accordance with the related mortgage loan documents.
|
x
|
1122(d)(4)(v)
|
The Servicer’s records regarding the mortgage loans agree with the Servicer’s records with respect to an obligor’s unpaid principal balance.
|
x
|
1122(d)(4)(vi)
|
Changes with respect to the terms or status of an obligor’s mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.
|
x
|
1122(d)(4)(vii)
|
Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements.
|
x
|
1122(d)(4)(viii)
|
Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment).
|
x
|
Servicing Criteria |
Applicable
Servicing
Criteria
|
|
Reference
|
Criteria
|
|
1122(d)(4)(ix)
|
Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents.
|
x
|
1122(d)(4)(x)
|
Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the Mortgage Loans, or such other number of days specified in the transaction agreements.
|
x
|
1122(d)(4)(xi)
|
Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.
|
x
|
1122(d)(4)(xii)
|
Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission.
|
x
|
1122(d)(4)(xiii)
|
Disbursements made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the servicer, or such other number of days specified in the transaction agreements.
|
x
|
1122(d)(4)(xiv)
|
Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.
|
x
|
1122(d)(4)(xv)
|
Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements.
|
[NAME OF SUBSERVICER] | |
Date:
|
By:
|
|
Name:
|
|
Title:
|
2.
|
Recognition of the Assignee.
|
3.
|
Continuing Rights and Responsibilities.
|
|
Flow Servicing Agreement:
|
Section
|
Matter
|
|
11.01, 5th, 7th and 8th ¶’s
|
Servicer to Act as Servicer; Subservicing.
|
11.13, 4th and 5th ¶’s
|
Title, Management and Disposition of REO Property.
|
|
11.20
|
Servicer Shall Provide Access and Information as Reasonably Required.
|
|
Flow Sale and Servicing Agreement:
|
Section
|
Matter
|
|
Addendum I
|
Regulation AB Compliance Addendum
|
|
Flow Servicing Agreement:
|
Section
|
||
11.09
|
Transfer of Accounts.
|
|
11.16
|
Statements to the Owner.
|
|
Subsection 2.04 of Addendum I
|
Servicer Compliance Statement.
|
|
Subsection 2.05 of Addendum I
|
Report on Assessment of Compliance and Attestation.
|
4.
|
Amendment to the Flow Servicing Agreement.
|
5.
|
Representations and Warranties.
|
6.
|
Continuing Effect.
|
7.
|
Governing Law.
|
8.
|
Notices.
|
9.
|
Counterparts.
|
10.
|
Definitions.
|
11.
|
[Master Servicer.
|
ASSIGNOR:
|
||
REDWOOD RESIDENTIAL ACQUISITION CORPORATION
|
||
By:
|
||
Name:
|
||
Title:
|
DEPOSITOR:
|
||
SEQUOIA RESIDENTIAL FUNDING, INC.
|
||
By:
|
||
Name:
|
||
Title:
|
ASSIGNEE:
|
||
[ ]
|
||
By: |
|
|
Name: |
|
|
Title: |
|
SERVICER:
|
||
[ ]
|
||
By: |
|
|
Name: |
|
|
Title: |
|
MASTER SERVICER:
|
|
WELLS FARGO BANK, N.A.
|
|
By:
|
|
Name:
|
|
Title:
|
|
2.
|
The definition of “Closing Date” is hereby revised to read as follows:
|
|
4.
|
The definition of “First Remittance Date” is hereby revised to read as follows:
|
|
“First Remittance Date: [__].”
|
|
5.
|
Subsection 11.04, first sentence of the first paragraph is revised to read as follows:
|
EXHIBIT 10.9
EXECUTION COPY
ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT
THIS ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT, dated as of October 30, 2012 (the “Assignment”), is entered into by and among Redwood Residential Acquisition Corporation (the “Assignor” and, solely in its capacity as servicing administrator described herein, the “Servicing Administrator”), Sequoia Residential Funding, Inc. (the “Depositor”), Cenlar FSB, as the servicer (the “Servicer”), and Christiana Trust, a division of Wilmington Savings Fund Society, FSB, a federal savings bank, not in its individual capacity but solely as trustee (in such capacity, the “Trustee” and as referred to herein, the “Assignee”) under a Pooling and Servicing Agreement dated as of October 1, 2012 (the “Pooling and Servicing Agreement”) among the Depositor, the Assignee and Wells Fargo Bank, N.A., as master servicer and securities administrator.
RECITALS
WHEREAS, the Assignor and the Servicer have entered into a certain Flow Mortgage Loan Servicing Agreement, dated as of August 1, 2011, as amended by the Amendment No. 1 to Flow Mortgage Loan Servicing Agreement dated November 3, 2011, and hereby (the “Flow Servicing Agreement”), and the Servicer is currently servicing certain mortgage loans (the “Mortgage Loans”) under the Flow Servicing Agreement; and
WHEREAS, the Assignor will sell the Mortgage Loans (the “Specified Mortgage Loans”) that are listed on the mortgage loan schedule attached as Exhibit I hereto (the “Specified Mortgage Loan Schedule”) and its rights under the Flow Servicing Agreement with respect to the Specified Mortgage Loans to the Depositor; and
WHEREAS, the Depositor will sell to the Assignee all of its right, title and interest in the Specified Mortgage Loans and its rights under the Flow Servicing Agreement with respect to the Specified Mortgage Loans; and
WHEREAS, the parties hereto have agreed that the Specified Mortgage Loans shall be subject to the terms of this Assignment.
NOW, THEREFORE, in consideration of the mutual promises contained herein and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties agree as follows:
1. Assignment and Assumption.
(a) Effective on and as of the date hereof, the Assignor hereby sells, assigns, conveys and transfers to the Depositor all of its right, title and interest in, to and under the Flow Servicing Agreement to the extent relating to the Specified Mortgage Loans, together with its obligations as “Owner” (as such term is defined in the Flow Servicing Agreement) to the extent relating to the Specified Mortgage Loans, and the Depositor hereby accepts such assignment from the Assignor and assumes such obligations.
(b) Effective on and as of the date hereof, the Depositor hereby sells, assigns, conveys and transfers to the Assignee all of its right, title and interest in, to and under the Flow Servicing Agreement to the extent relating to the Specified Mortgage Loans, together with its obligations as “Owner” (as such term is defined in the Flow Servicing Agreement) to the extent relating to the Specified Mortgage Loans, the Depositor is released from all obligations under the Flow Servicing Agreement, and the Assignee hereby accepts such assignment from the Depositor.
(c) Assignee agrees to be bound, as “Owner” (as such term is defined in the Flow Servicing Agreement), by all of the terms, covenants and conditions of the Flow Servicing Agreement relating to the Specified Mortgage Loans, and from and after the date hereof, Assignee assumes for the benefit of each of Assignor, Depositor and Servicer all of Assignor’s obligations as Owner thereunder in respect of the Specified Mortgage Loans, and Assignor is released from such obligations.
2. | Recognition of the Assignee. |
From and after the date hereof, subject to Section 3 below, the Servicer shall recognize the Assignee as the holder of the rights and benefits of the Owner with respect to the Specified Mortgage Loans and the Servicer will service the Specified Mortgage Loans for the Assignee as if the Assignee and the Servicer had entered into a separate servicing agreement for the servicing of the Specified Mortgage Loans in the form of the Flow Servicing Agreement with the Assignee as the Owner thereunder, the terms of which Flow Servicing Agreement are incorporated herein by reference and amended hereby. It is the intention of the parties hereto that this Assignment will be a separate and distinct agreement, and the entire agreement, between the parties hereto to the extent of the Specified Mortgage Loans and shall be binding upon and for the benefit of the respective successors and assigns of the parties hereto.
3. | Continuing Rights and Responsibilities. |
(a) Controlling Holder Rights. The parties hereto agree and acknowledge that Sequoia Mortgage Funding Corporation, an Affiliate of the Depositor, in its capacity as the initial Controlling Holder pursuant to the Pooling and Servicing Agreement, and for so long as it is the Controlling Holder, will assume all of Assignee’s rights and all related responsibilities as Owner under the section of the Flow Servicing Agreement listed below:
Flow Servicing Agreement: |
Section | Matter |
11.20 |
Servicer Shall Provide Access and Information as Reasonably Required. |
(b) Notwithstanding Sections 1 and 2 above, Assignor reserves its rights under, and does not assign to Assignee or Depositor, the ongoing rights to take action and the responsibilities of the Owner under the Sections of the Flow Servicing Agreement listed below:
Flow Servicing Agreement: |
Section | Matter |
Addendum I | Regulation AB Compliance Addendum |
(c) In addition, the Servicer agrees to furnish to the Assignor as well as to the Master Servicer copies of reports, notices, statements and other communications required to be delivered by the Servicer pursuant to any of the sections of the Flow Servicing Agreement referred to above and under the following sections, at the times therein specified:
Flow Servicing Agreement: |
Section | |
11.09 | Transfer of Accounts. |
11.16 | Statements to the Owner. |
Subsection 2.04 of Addendum I |
Servicer Compliance Statement. |
Subsection 2.05 of Addendum I |
Report on Assessment of Compliance and Attestation. |
(d) If there is no Controlling Holder under the Pooling and Servicing Agreement, then all rights and responsibilities assumed by the Controlling Holder pursuant to Section 3(a) shall terminate and revert to Assignee. Assignor will provide thirty (30) days notice to the Servicer of any such termination or a change in the identity of the Controlling Holder of which Assignor has knowledge.
(e) Redwood Residential Acquisition Corporation, in its capacity as Servicing Administrator under this Assignment, hereby assumes the obligations of the Owner, as assigned to the Assignee, and the obligations of the Servicing Administrator, under the Sections of the Flow Servicing Agreement, as amended by this Assignment, listed below:
Flow Servicing Agreement: |
Section | Matter | |
Clause (i) of the last paragraph of Section 11.13 | Payment by Servicing Administrator for Opinion of Counsel | |
Last sentence of 11.14, with respect to Servicing Advances only | Payment of Servicing Advances to Servicer | |
11.17 | P&I Advances | |
11.25(b) | Funding of P& I Advances, including without limitation funding of Prepayment Interest Shortfalls pursuant to the second paragraph of Section 11.15 | |
11.25(c) | Funding of Servicing Advances | |
14.03 | Payment of termination fees to Servicer |
As compensation for such assumption of obligations, the Servicing Administrator shall be entitled to receive from payments on the Specified Mortgage Loans the difference, if any, between the Servicing Fee and the servicing compensation otherwise payable to the Servicer under the Flow Servicing Agreement. In addition, the Servicing Administrator shall have all the benefits provided to the Servicing Administrator by Subsection 11.05 of the Flow Servicing Agreement. Any failure of the Servicing Administrator to perform its obligations under this Section 3(e) shall be an additional Event of Default under the Flow Servicing Agreement, entitling the Assignee to terminate both the Servicing Administrator and the Servicer in accordance with the terms of the Flow Servicing Agreement.
(f) The Servicing Administrator may, with the consent of the Master Servicer, exercise the rights of the Owner set forth in Section 13.01 of the Flow Servicing Agreement to terminate the Servicer following the occurrence of an Event of Default with respect to the Servicer.
(g) The Servicing Administrator may, with the consent of the Master Servicer, exercise the rights of the Owner set forth in Section 14.03 of the Flow Servicing Agreement to terminate the Servicer without cause and transfer servicing.
(h) If the Servicing Administrator exercises its right to terminate the Servicer pursuant to the foregoing paragraphs (f) or (g), no termination of the Servicer shall be effective unless the Servicing Administrator shall have appointed a successor Servicer under the Flow Servicing Agreement approved by the Master Servicer.
(i) No later than March 1 of each year when any Certificates are outstanding, commencing in March 2013, the Servicing Administrator shall provide to the Master Servicer its report on assessment of compliance with applicable servicing criteria specified under Item 1122(d)((2)(iii) of Regulation AB and its compliance statement required under Item 1123 of Regulation AB.
4. | Amendment to the Flow Servicing Agreement. |
The Flow Servicing Agreement is hereby amended as set forth in Appendix A hereto with respect to the Specified Mortgage Loans. The rights and obligations under the Flow Servicing Agreement assigned to the Depositor and the Assignee pursuant to this Agreement shall be under the Flow Servicing Agreement as amended as set forth in Appendix A.
5. | Representations and Warranties. |
(a) Each of the parties hereto represents and warrants that it is duly and legally authorized to enter into this Assignment. |
(b) Each of the parties hereto represents and warrants that this Assignment 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 against it 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). |
6. | Continuing Effect. |
Except as contemplated hereby, the Flow Servicing Agreement shall remain in full force and effect in accordance with their terms. This Assignment constitutes a Reconstitution Agreement as contemplated in Section 32 of the Flow Servicing Agreement and the Reconstitution Date shall be the date hereof with respect to the Specified Mortgage Loans listed on Exhibit I on the date hereof.
7. | Governing Law. |
This Assignment and the rights and obligations hereunder shall be governed by and construed in accordance with the internal laws of the State of New York, except to the extent preempted by Federal law, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws, without regard to the conflicts of laws provisions of the State of New York or any other jurisdiction.
8. | Notices. |
Any notices or other communications permitted or required under the Flow Servicing Agreement to be made to the Assignor and Assignee shall be made in accordance with the terms of the Flow Servicing Agreement and shall be sent to the Assignor and Assignee as follows:
Assignor: Redwood Residential Acquisition Corporation
One Belvedere Place, Suite 360
Mill Valley, CA 94941
Attention: William Moliski
Assignee: Christiana Trust, a division of Wilmington Savings Fund Society, FSB
500 Delaware Avenue, 11th Floor
Wilmington, Delaware, 19801
Attention: Corporate Trust – Sequoia Mortgage Trust 2012-5
or to such other address as may hereafter be furnished by the Assignor or Assignee to the other parties in accordance with the provisions of the Flow Servicing Agreement.
9. | Counterparts. |
This Assignment 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 Assignment has the same meaning as in the Flow Servicing Agreement.
11. | Trustee. |
It is expressly understood and agreed by the parties hereto that insofar as this Agreement is executed by the Trustee (i) this Agreement is executed and delivered by Christiana Trust, a division of Wilmington Savings Fund Society, FSB (“Christiana Trust”) not in its individual capacity but solely as Trustee on behalf of the trust created by the Pooling and Servicing Agreement referred to herein (the “Trust”) in the exercise of the powers and authority conferred upon and vested in it, and as directed in the Pooling and Servicing Agreement, (ii) each of the undertakings and agreements herein made on behalf of the Trust is made and intended not as a personal undertaking or agreement of or by Christiana Trust but is made and intended for purposes of binding only the Trust, (iii) nothing herein contained shall be construed as creating any liability on the part of Christiana Trust, individually or personally, to perform any covenant either express or implied in this Agreement, all such liability, if any, being expressly waived by the parties hereto and by any person claiming by, through or under the parties hereto, and (iv) under no circumstances shall Christiana Trust in its individual capacity or in its capacity as Trustee be personally liable for the payment of any indebtedness, amounts or expenses owed by the Purchaser under the Flow Servicing Agreement (such indebtedness, expenses and other amounts being payable solely from and to the extent of funds of the Trust) or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made under this Agreement or any other related documents.
12. | Master Servicer. |
The Servicer hereby acknowledges that Wells Fargo Bank, N.A. (the “Master Servicer”) will act as master servicer and securities administrator under the Pooling and Servicing Agreement and hereby agrees to treat all inquiries, instructions, authorizations and other communications from the Master Servicer as if the same had been received from the Assignee. The Master Servicer, acting on behalf of the Assignee, shall have the rights of the Assignee as the Owner under the Flow Servicing Agreement, including, without limitation, the right to enforce the obligations of the Servicer and the Servicing Administrator thereunder. Any notices or other communications permitted or required under the Flow Servicing Agreement to be made to the Assignee shall be made in accordance with the terms of the Flow Servicing Agreement and shall be sent to the Master Servicer at the following address:
Wells Fargo Bank, N. A.
P.O. Box 98
Columbia, Maryland 21046
(or, for overnight deliveries, 9062 Old Annapolis Road, Columbia, Maryland 21045)
Attention: Sequoia Mortgage Trust 2012-5
or to such other address as may hereafter be furnished by the Master Servicer to Servicer. Any such notices or other communications permitted or required under the Flow Servicing Agreement may be delivered in electronic format unless manual signature is required in which case a hard copy of such report or communication shall be required.
The Servicer shall make all distributions under the Flow Servicing Agreement, as they relate to the Specified Mortgage Loans, to the Master Servicer by wire transfer of immediately funds to:
Wells Fargo Bank, N.A.
San Francisco, California
ABA# 121-000-248
Account #3970771416
Account Name: SAS Clearing
FFC: Account #48235300, Sequoia Mortgage Trust 2012-5 Distribution Account
13. | Rule 17g-5 Compliance. |
The Servicer hereby agrees that it shall provide information with respect to the servicing of the Mortgage Loans by the Servicer requested by any Rating Agency or nationally recognized statistical rating organization (“NRSRO”) to the Securities Administrator, as the initial Rule 17g-5 Information Provider (the “Rule 17g-5 Information Provider”), via electronic mail at rmbs17g5informationprovider@wellsfargo.com, with a subject reference of “SEMT 2012-5” and an identification of the type of information being provided in the body of such electronic mail. The Rule 17g-5 Information Provider shall notify the Servicer in writing of any change in the identity or contact information of the Rule 17g-5 Information Provider. The Servicer shall have no liability for (i) the Rule 17g-5 Information Provider’s failure to post information provided by it in accordance with the terms of this Assignment or (ii) any malfunction or disabling of the website maintained by the Rule 17g-5 Information Provider. None of the foregoing restrictions in this Section 13 prohibit or restrict oral or written communications, or providing information, between the Servicer, on the one hand, and any Rating Agency or NRSRO, on the other hand, with regard to (i) such Rating Agency’s or NRSRO’s review of the ratings it assigns to the Servicer, (ii) such Rating Agency’s or NRSRO’s approval of the Servicer as a residential mortgage master, special or primary servicer, or (iii) such Rating Agency’s or NRSRO’s evaluation of the Servicer’s servicing operations in general; provided, however, that the Servicer shall not provide any information relating to the Mortgage Loans to such Rating Agency or NRSRO in connection with such review and evaluation by such Rating Agency or NRSRO unless: (x) borrower, property or deal specific identifiers are redacted; or (y) such information has already been provided to the Rule 17g-5 Information Provider.
14. | Successors and Assigns. |
Upon a transfer of the Specified Mortgage Loans by the Assignee (other than in respect of repurchases by a seller pursuant to the related purchase agreement) to a buyer (“buyer”), such transfer shall constitute a Reconstitution subject to the terms of Section 32 of the Flow Servicing Agreement. Upon the closing of such transfer, the rights and obligations of Owner held by the Assignor pursuant to this Assignment shall automatically terminate and the buyer shall possess all of the rights and obligations of Owner under the Flow Servicing Agreement, provided, however, that the Assignor shall remain liable for any obligations held by it as Owner arising from or attributable to the period from the date hereof to the closing date of such transfer.
[remainder of page intentionally left blank]
IN WITNESS WHEREOF, the parties hereto have executed this Assignment the day and year first above written.
ASSIGNOR: | ||
REDWOOD RESIDENTIAL ACQUISITION CORPORATION | ||
By: | ||
Name: | ||
Title: | ||
DEPOSITOR: | ||
SEQUOIA RESIDENTIAL FUNDING, INC. | ||
By: | ||
Name: | ||
Title: | ||
ASSIGNEE: | ||
Christiana Trust, a division of Wilmington Savings Fund Society, FSB, not in its individual capacity but solely as Trustee | ||
By: | ||
Name: | ||
Title: | ||
SERVICER: | ||
CENLAR FSB | ||
By: | ||
Name: | ||
Title: |
[Signatures continue on following page]
[SEMT 2012-5 Cenlar AAR Signature Page]
SERVICING ADMINISTRATOR: | ||
REDWOOD RESIDENTIAL ACQUISITION CORPORATION | ||
By: | ||
Name: | ||
Title: |
Accepted and agreed to by:
MASTER SERVICER:
WELLS FARGO BANK, N.A.
By: | ||
Name: | ||
Title: |
[SEMT 2012-5 Cenlar AAR Signature Page]
EXHIBIT I
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | |
Primary Servicer | Servicing Fee % | Servicing Fee—Flatdollar | Servicing Advance Methodology | Originator | Loan Group | Loan Number | Amortization Type | Lien Position | HELOC Indicator | |
1 | 1000383 | 0.002500 | 1003626 | 23272 | 1 | 1 | 0 | |||
2 | 1000383 | 0.002500 | 1002793 | 000041837 | 1 | 1 | 0 | |||
3 | 1000383 | 0.002500 | 1002793 | 000045779 | 1 | 1 | 0 | |||
4 | 1000383 | 0.002500 | 1002793 | 000046449 | 1 | 1 | 0 | |||
5 | 1000383 | 0.002500 | 1002793 | 000046704 | 1 | 1 | 0 | |||
6 | 1000383 | 0.002500 | 1002793 | 000047043 | 1 | 1 | 0 | |||
7 | 1000383 | 0.002500 | 1002793 | 000047172 | 1 | 1 | 0 | |||
8 | 1000383 | 0.002500 | 1002793 | 000049643 | 1 | 1 | 0 | |||
9 | 1000383 | 0.002500 | 1008118 | 103974 | 1 | 1 | 0 | |||
10 | 1000383 | 0.002500 | 1008118 | 107295 | 1 | 1 | 0 | |||
11 | 1000383 | 0.002500 | 1008118 | 107486 | 1 | 1 | 0 | |||
12 | 1000383 | 0.002500 | 1008118 | 108000 | 1 | 1 | 0 | |||
13 | 1000383 | 0.002500 | 1008118 | 108206 | 1 | 1 | 0 | |||
14 | 1000383 | 0.002500 | 1008118 | 108261 | 1 | 1 | 0 | |||
15 | 1000383 | 0.002500 | 1008118 | 110144 | 1 | 1 | 0 | |||
16 | 1000383 | 0.002500 | 1008118 | 110765 | 1 | 1 | 0 | |||
17 | 1000383 | 0.002500 | 1001863 | 249460 | 1 | 1 | 0 | |||
18 | 1000383 | 0.002500 | 1000290 | 547255 | 1 | 1 | 0 | |||
19 | 1000383 | 0.002500 | 1000290 | 551171 | 1 | 1 | 0 | |||
20 | 1000383 | 0.002500 | 1000290 | 554018 | 1 | 1 | 0 | |||
21 | 1000383 | 0.002500 | 1000290 | 554383 | 1 | 1 | 0 | |||
22 | 1000383 | 0.002500 | 1000312 | 001107632 | 1 | 1 | 0 | |||
23 | 1000383 | 0.002500 | 1000312 | 001107982 | 1 | 1 | 0 | |||
24 | 1000383 | 0.002500 | 1000312 | 001108914 | 1 | 1 | 0 | |||
25 | 1000383 | 0.002500 | 1000312 | 001110185 | 1 | 1 | 0 | |||
26 | 1000383 | 0.002500 | 1000312 | 001114681 | 1 | 1 | 0 | |||
27 | 1000383 | 0.002500 | 1000312 | 001114856 | 1 | 1 | 0 | |||
28 | 1000383 | 0.002500 | 1000312 | 001119102 | 1 | 1 | 0 | |||
29 | 1000383 | 0.002500 | 1008808 | 6024771 | 1 | 1 | 0 | |||
30 | 1000383 | 0.002500 | 1008808 | 8001255 | 1 | 1 | 0 | |||
31 | 1000383 | 0.002500 | 1005723 | 38340808 | 1 | 1 | 0 | |||
32 | 1000383 | 0.002500 | 1005723 | 38342275 | 1 | 1 | 0 | |||
33 | 1000383 | 0.002500 | 1006324 | 50120135 | 1 | 1 | 0 | |||
34 | 1000383 | 0.002500 | 1006324 | 60120304 | 1 | 1 | 0 | |||
35 | 1000383 | 0.002500 | 1011266 | 0062214184 | 1 | 1 | 0 | |||
36 | 1000383 | 0.002500 | 1006324 | 70120270 | 1 | 1 | 0 | |||
37 | 1000383 | 0.002500 | 1006324 | 70120308 | 1 | 1 | 0 | |||
38 | 1000383 | 0.002500 | 1006324 | 70120351 | 1 | 1 | 0 | |||
39 | 1000383 | 0.002500 | 1000342 | 81234980 | 1 | 1 | 0 | |||
40 | 1000383 | 0.002500 | 1000342 | 81236228 | 1 | 1 | 0 | |||
41 | 1000383 | 0.002500 | 1000457 | 89823645 | 1 | 1 | 0 | |||
42 | 1000383 | 0.002500 | 1003924 | 276091741 | 1 | 1 | 0 | |||
43 | 1000383 | 0.002500 | 1000953 | 330224008 | 1 | 1 | 0 | |||
44 | 1000383 | 0.002500 | 1000953 | 331812762 | 1 | 1 | 0 | |||
45 | 1000383 | 0.002500 | 1000953 | 338070742 | 1 | 1 | 0 | |||
46 | 1000383 | 0.002500 | 1000457 | 500008017 | 1 | 1 | 0 | |||
47 | 1000383 | 0.002500 | 1000457 | 500008090 | 1 | 1 | 0 | |||
48 | 1000383 | 0.002500 | 1008498 | 503380779 | 1 | 1 | 0 | |||
49 | 1000383 | 0.002500 | 1008498 | 503480056 | 1 | 1 | 0 | |||
50 | 1000383 | 0.002500 | 1008498 | 503520935 | 1 | 1 | 0 | |||
51 | 1000383 | 0.002500 | 1008498 | 503522482 | 1 | 1 | 0 | |||
52 | 1000383 | 0.002500 | 1008498 | 503523105 | 1 | 1 | 0 | |||
53 | 1000383 | 0.002500 | 1008498 | 503525891 | 1 | 1 | 0 | |||
54 | 1000383 | 0.002500 | 1008498 | 503536039 | 1 | 1 | 0 | |||
55 | 1000383 | 0.002500 | 1008498 | 503539693 | 1 | 1 | 0 | |||
56 | 1000383 | 0.002500 | 1008498 | 503540026 | 1 | 1 | 0 | |||
57 | 1000383 | 0.002500 | 1008498 | 503543820 | 1 | 1 | 0 | |||
58 | 1000383 | 0.002500 | 1008498 | 503548583 | 1 | 1 | 0 | |||
59 | 1000383 | 0.002500 | 1008498 | 503549033 | 1 | 1 | 0 | |||
60 | 1000383 | 0.002500 | 1008498 | 503549161 | 1 | 1 | 0 | |||
61 | 1000383 | 0.002500 | 1008498 | 503550300 | 1 | 1 | 0 | |||
62 | 1000383 | 0.002500 | 1008498 | 503550915 | 1 | 1 | 0 | |||
63 | 1000383 | 0.002500 | 1008498 | 503552748 | 1 | 1 | 0 | |||
64 | 1000383 | 0.002500 | 1008498 | 503553000 | 1 | 1 | 0 | |||
65 | 1000383 | 0.002500 | 1008498 | 503555115 | 1 | 1 | 0 | |||
66 | 1000383 | 0.002500 | 1008498 | 503555494 | 1 | 1 | 0 | |||
67 | 1000383 | 0.002500 | 1008498 | 503558858 | 1 | 1 | 0 | |||
68 | 1000383 | 0.002500 | 1008498 | 503567448 | 1 | 1 | 0 | |||
69 | 1000383 | 0.002500 | 1008498 | 503568692 | 1 | 1 | 0 | |||
70 | 1000383 | 0.002500 | 1008498 | 503568841 | 1 | 1 | 0 | |||
71 | 1000383 | 0.002500 | 1008498 | 503576976 | 1 | 1 | 0 | |||
72 | 1000383 | 0.002500 | 1008498 | 503579809 | 1 | 1 | 0 | |||
73 | 1000383 | 0.002500 | 1008498 | 503579873 | 1 | 1 | 0 | |||
74 | 1000383 | 0.002500 | 1008498 | 503582444 | 1 | 1 | 0 | |||
75 | 1000383 | 0.002500 | 1008498 | 503582919 | 1 | 1 | 0 | |||
76 | 1000383 | 0.002500 | 1008498 | 503582928 | 1 | 1 | 0 | |||
77 | 1000383 | 0.002500 | 1008498 | 503583607 | 1 | 1 | 0 | |||
78 | 1000383 | 0.002500 | 1008498 | 503583863 | 1 | 1 | 0 | |||
79 | 1000383 | 0.002500 | 1008498 | 503586311 | 1 | 1 | 0 | |||
80 | 1000383 | 0.002500 | 1008498 | 503586384 | 1 | 1 | 0 | |||
81 | 1000383 | 0.002500 | 1008498 | 503589583 | 1 | 1 | 0 | |||
82 | 1000383 | 0.002500 | 1008498 | 503595706 | 1 | 1 | 0 | |||
83 | 1000383 | 0.002500 | 1008498 | 503605942 | 1 | 1 | 0 | |||
84 | 1000383 | 0.002500 | 1008498 | 503606804 | 1 | 1 | 0 | |||
85 | 1000383 | 0.002500 | 1008498 | 503614100 | 1 | 1 | 0 | |||
86 | 1000383 | 0.002500 | 1008498 | 503629020 | 1 | 1 | 0 | |||
87 | 1000383 | 0.002500 | 1008498 | 503631440 | 1 | 1 | 0 | |||
88 | 1000383 | 0.002500 | 1003924 | 510005729 | 1 | 1 | 0 | |||
89 | 1000383 | 0.002500 | 1001770 | 552000292 | 1 | 1 | 0 | |||
90 | 1000383 | 0.002500 | 1003924 | 915073847 | 1 | 1 | 0 | |||
91 | 1000383 | 0.002500 | 1000302 | 962901273 | 1 | 1 | 0 | |||
92 | 1000383 | 0.002500 | 1006318 | 1000040896 | 1 | 1 | 0 | |||
93 | 1000383 | 0.002500 | 1006318 | 1000040962 | 1 | 1 | 0 | |||
94 | 1000383 | 0.002500 | 1000522 | 1001512885 | 1 | 1 | 0 | |||
95 | 1000383 | 0.002500 | 1004333 | 1002120960 | 1 | 1 | 0 | |||
96 | 1000383 | 0.002500 | 1006318 | 1010040260 | 1 | 1 | 0 | |||
97 | 1000383 | 0.002500 | 1006318 | 1010041079 | 1 | 1 | 0 | |||
98 | 1000383 | 0.002500 | 1006318 | 1010041566 | 1 | 1 | 0 | |||
99 | 1000383 | 0.002500 | 1006318 | 1010041691 | 1 | 1 | 0 | |||
100 | 1000383 | 0.002500 | 1006318 | 1030040632 | 1 | 1 | 0 | |||
101 | 1000383 | 0.002500 | 1004333 | 1031114039 | 1 | 1 | 0 | |||
102 | 1000383 | 0.002500 | 1000953 | 1103610078 | 1 | 1 | 0 | |||
103 | 1000383 | 0.002500 | 1000953 | 1103610079 | 1 | 1 | 0 | |||
104 | 1000383 | 0.002500 | 1001770 | 1140000423 | 1 | 1 | 0 | |||
105 | 1000383 | 0.002500 | 1006318 | 1240041270 | 1 | 1 | 0 | |||
106 | 1000383 | 0.002500 | 1000522 | 1301521588 | 1 | 1 | 0 | |||
107 | 1000383 | 0.002500 | 1000522 | 1301522906 | 1 | 1 | 0 | |||
108 | 1000383 | 0.002500 | 1000522 | 1301527040 | 1 | 1 | 0 | |||
109 | 1000383 | 0.002500 | 1000324 | 1312121348 | 1 | 1 | 0 | |||
110 | 1000383 | 0.002500 | 1000324 | 1312122367 | 1 | 1 | 0 | |||
111 | 1000383 | 0.002500 | 1000953 | 1338170277 | 1 | 1 | 0 | |||
112 | 1000383 | 0.002500 | 1000324 | 1351209246 | 1 | 1 | 0 | |||
113 | 1000383 | 0.002500 | 1000324 | 1351214088 | 1 | 1 | 0 | |||
114 | 1000383 | 0.002500 | 1000324 | 1351216670 | 1 | 1 | 0 | |||
115 | 1000383 | 0.002500 | 1000324 | 1351222414 | 1 | 1 | 0 | |||
116 | 1000383 | 0.002500 | 1000324 | 1351222488 | 1 | 1 | 0 | |||
117 | 1000383 | 0.002500 | 1000324 | 1351223456 | 1 | 1 | 0 | |||
118 | 1000383 | 0.002500 | 1000324 | 1351223624 | 1 | 1 | 0 | |||
119 | 1000383 | 0.002500 | 1000324 | 1351225668 | 1 | 1 | 0 | |||
120 | 1000383 | 0.002500 | 1000324 | 1351225826 | 1 | 1 | 0 | |||
121 | 1000383 | 0.002500 | 1000324 | 1351226783 | 1 | 1 | 0 | |||
122 | 1000383 | 0.002500 | 1000324 | 1351226806 | 1 | 1 | 0 | |||
123 | 1000383 | 0.002500 | 1000324 | 1351227249 | 1 | 1 | 0 | |||
124 | 1000383 | 0.002500 | 1000324 | 1351228751 | 1 | 1 | 0 | |||
125 | 1000383 | 0.002500 | 1000324 | 1351229468 | 1 | 1 | 0 | |||
126 | 1000383 | 0.002500 | 1000324 | 1351230830 | 1 | 1 | 0 | |||
127 | 1000383 | 0.002500 | 1000324 | 1351232663 | 1 | 1 | 0 | |||
128 | 1000383 | 0.002500 | 1000324 | 1351233171 | 1 | 1 | 0 | |||
129 | 1000383 | 0.002500 | 1006318 | 1380041175 | 1 | 1 | 0 | |||
130 | 1000383 | 0.002500 | 1001770 | 1400007817 | 1 | 1 | 0 | |||
131 | 1000383 | 0.002500 | 1001770 | 1400007822 | 1 | 1 | 0 | |||
132 | 1000383 | 0.002500 | 1001770 | 1400008024 | 1 | 1 | 0 | |||
133 | 1000383 | 0.002500 | 1001770 | 1400008062 | 1 | 1 | 0 | |||
134 | 1000383 | 0.002500 | 1001770 | 1400008108 | 1 | 1 | 0 | |||
135 | 1000383 | 0.002500 | 1001770 | 1400008137 | 1 | 1 | 0 | |||
136 | 1000383 | 0.002500 | 1001770 | 1400008144 | 1 | 1 | 0 | |||
137 | 1000383 | 0.002500 | 1001770 | 1400008164 | 1 | 1 | 0 | |||
138 | 1000383 | 0.002500 | 1001770 | 1400008196 | 1 | 1 | 0 | |||
139 | 1000383 | 0.002500 | 1000522 | 1401520860 | 1 | 1 | 0 | |||
140 | 1000383 | 0.002500 | 1001770 | 1420000255 | 1 | 1 | 0 | |||
141 | 1000383 | 0.002500 | 1001770 | 1420000287 | 1 | 1 | 0 | |||
142 | 1000383 | 0.002500 | 1001770 | 1500014606 | 1 | 1 | 0 | |||
143 | 1000383 | 0.002500 | 1001770 | 1500015066 | 1 | 1 | 0 | |||
144 | 1000383 | 0.002500 | 1000522 | 1501518797 | 1 | 1 | 0 | |||
145 | 1000383 | 0.002500 | 1000522 | 1501541331 | 1 | 1 | 0 | |||
146 | 1000383 | 0.002500 | 1000199 | 1572000185 | 1 | 1 | 0 | |||
147 | 1000383 | 0.002500 | 1000522 | 1701508715 | 1 | 1 | 0 | |||
148 | 1000383 | 0.002500 | 1002956 | 1800062845 | 1 | 1 | 0 | |||
149 | 1000383 | 0.002500 | 1002956 | 2000057561 | 1 | 1 | 0 | |||
150 | 1000383 | 0.002500 | 1000536 | 2001709489 | 1 | 1 | 0 | |||
151 | 1000383 | 0.002500 | 1003970 | 2012000547 | 1 | 1 | 0 | |||
152 | 1000383 | 0.002500 | 1003970 | 2012000798 | 1 | 1 | 0 | |||
153 | 1000383 | 0.002500 | 1003970 | 2012000897 | 1 | 1 | 0 | |||
154 | 1000383 | 0.002500 | 1003970 | 2012000923 | 1 | 1 | 0 | |||
155 | 1000383 | 0.002500 | 1003970 | 2012001028 | 1 | 1 | 0 | |||
156 | 1000383 | 0.002500 | 1003970 | 2012001060 | 1 | 1 | 0 | |||
157 | 1000383 | 0.002500 | 1003970 | 2012001207 | 1 | 1 | 0 | |||
158 | 1000383 | 0.002500 | 1003970 | 2012001223 | 1 | 1 | 0 | |||
159 | 1000383 | 0.002500 | 1003970 | 2012001233 | 1 | 1 | 0 | |||
160 | 1000383 | 0.002500 | 1003970 | 2012001316 | 1 | 1 | 0 | |||
161 | 1000383 | 0.002500 | 1003970 | 2012600066 | 1 | 1 | 0 | |||
162 | 1000383 | 0.002500 | 1003970 | 2012600084 | 1 | 1 | 0 | |||
163 | 1000383 | 0.002500 | 1000536 | 2027602294 | 1 | 1 | 0 | |||
164 | 1000383 | 0.002500 | 1000536 | 2036607224 | 1 | 1 | 0 | |||
165 | 1000383 | 0.002500 | 1000536 | 2036608279 | 1 | 1 | 0 | |||
166 | 1000383 | 0.002500 | 1000536 | 2044602679 | 1 | 1 | 0 | |||
167 | 1000383 | 0.002500 | 1000536 | 2047601670 | 1 | 1 | 0 | |||
168 | 1000383 | 0.002500 | 1000536 | 2073604580 | 1 | 1 | 0 | |||
169 | 1000383 | 0.002500 | 1000536 | 2076600957 | 1 | 1 | 0 | |||
170 | 1000383 | 0.002500 | 1001770 | 2080000362 | 1 | 1 | 0 | |||
171 | 1000383 | 0.002500 | 1000536 | 2108600803 | 1 | 1 | 0 | |||
172 | 1000383 | 0.002500 | 1000536 | 2117602557 | 1 | 1 | 0 | |||
173 | 1000383 | 0.002500 | 1000536 | 2117602725 | 1 | 1 | 0 | |||
174 | 1000383 | 0.002500 | 1000536 | 2133601491 | 1 | 1 | 0 | |||
175 | 1000383 | 0.002500 | 1000536 | 2136601595 | 1 | 1 | 0 | |||
176 | 1000383 | 0.002500 | 1000536 | 2153601840 | 1 | 1 | 0 | |||
177 | 1000383 | 0.002500 | 1000536 | 2156601329 | 1 | 1 | 0 | |||
178 | 1000383 | 0.002500 | 1000536 | 2204600527 | 1 | 1 | 0 | |||
179 | 1000383 | 0.002500 | 1000536 | 2244701865 | 1 | 1 | 0 | |||
180 | 1000383 | 0.002500 | 1000536 | 2251600072 | 1 | 1 | 0 | |||
181 | 1000383 | 0.002500 | 1000536 | 2278600285 | 1 | 1 | 0 | |||
182 | 1000383 | 0.002500 | 1000536 | 2333600186 | 1 | 1 | 0 | |||
183 | 1000383 | 0.002500 | 1000536 | 2333600195 | 1 | 1 | 0 | |||
184 | 1000383 | 0.002500 | 1000536 | 2333600201 | 1 | 1 | 0 | |||
185 | 1000383 | 0.002500 | 1000536 | 2333600242 | 1 | 1 | 0 | |||
186 | 1000383 | 0.002500 | 1000199 | 2362000514 | 1 | 1 | 0 | |||
187 | 1000383 | 0.002500 | 1000199 | 2492000649 | 1 | 1 | 0 | |||
188 | 1000383 | 0.002500 | 1001770 | 3060001052 | 1 | 1 | 0 | |||
189 | 1000383 | 0.002500 | 1000536 | 3092606400 | 1 | 1 | 0 | |||
190 | 1000383 | 0.002500 | 1001770 | 3170000732 | 1 | 1 | 0 | |||
191 | 1000383 | 0.002500 | 1000536 | 3726601091 | 1 | 1 | 0 | |||
192 | 1000383 | 0.002500 | 1001098 | 3812040016 | 1 | 1 | 0 | |||
193 | 1000383 | 0.002500 | 1001098 | 3812060271 | 1 | 1 | 0 | |||
194 | 1000383 | 0.002500 | 1001770 | 3900000652 | 1 | 1 | 0 | |||
195 | 1000383 | 0.002500 | 1001098 | 4212050042 | 1 | 1 | 0 | |||
196 | 1000383 | 0.002500 | 1001098 | 4212060070 | 1 | 1 | 0 | |||
197 | 1000383 | 0.002500 | 1001098 | 4212060085 | 1 | 1 | 0 | |||
198 | 1000383 | 0.002500 | 1002956 | 4400056581 | 1 | 1 | 0 | |||
199 | 1000383 | 0.002500 | 1001105 | 5000027390 | 1 | 1 | 0 | |||
200 | 1000383 | 0.002500 | 1001770 | 5510004044 | 1 | 1 | 0 | |||
201 | 1000383 | 0.002500 | 1001770 | 5510004140 | 1 | 1 | 0 | |||
202 | 1000383 | 0.002500 | 1001770 | 5520000353 | 1 | 1 | 0 | |||
203 | 1000383 | 0.002500 | 1001770 | 5950001544 | 1 | 1 | 0 | |||
204 | 1000383 | 0.002500 | 1001770 | 5950001587 | 1 | 1 | 0 | |||
205 | 1000383 | 0.002500 | 1001770 | 5950001695 | 1 | 1 | 0 | |||
206 | 1000383 | 0.002500 | 1001105 | 6000106028 | 1 | 1 | 0 | |||
207 | 1000383 | 0.002500 | 1001105 | 6000113263 | 1 | 1 | 0 | |||
208 | 1000383 | 0.002500 | 1001105 | 6000116944 | 1 | 1 | 0 | |||
209 | 1000383 | 0.002500 | 1001105 | 6000118577 | 1 | 1 | 0 | |||
210 | 1000383 | 0.002500 | 1001105 | 6000119351 | 1 | 1 | 0 | |||
211 | 1000383 | 0.002500 | 1001105 | 6000123908 | 1 | 1 | 0 | |||
212 | 1000383 | 0.002500 | 1001105 | 6000124906 | 1 | 1 | 0 | |||
213 | 1000383 | 0.002500 | 1001105 | 6000127297 | 1 | 1 | 0 | |||
214 | 1000383 | 0.002500 | 1001105 | 6000132487 | 1 | 1 | 0 | |||
215 | 1000383 | 0.002500 | 1001105 | 6000134160 | 1 | 1 | 0 | |||
216 | 1000383 | 0.002500 | 1001105 | 6000134905 | 1 | 1 | 0 | |||
217 | 1000383 | 0.002500 | 1001105 | 6000136736 | 1 | 1 | 0 | |||
218 | 1000383 | 0.002500 | 1000536 | 6007600139 | 1 | 1 | 0 | |||
219 | 1000383 | 0.002500 | 1000536 | 6026600079 | 1 | 1 | 0 | |||
220 | 1000383 | 0.002500 | 1000536 | 6027600040 | 1 | 1 | 0 | |||
221 | 1000383 | 0.002500 | 1000199 | 6221008151 | 1 | 1 | 0 | |||
222 | 1000383 | 0.002500 | 1000536 | 7102600184 | 1 | 1 | 0 | |||
223 | 1000383 | 0.002500 | 1001105 | 8001090235 | 1 | 1 | 0 | |||
224 | 1000383 | 0.002500 | 1001105 | 8001090631 | 1 | 1 | 0 | |||
225 | 1000383 | 0.002500 | 1001105 | 8001119844 | 1 | 1 | 0 | |||
226 | 1000383 | 0.002500 | 1000199 | 8391002061 | 1 | 1 | 0 | |||
227 | 1000383 | 0.002500 | 1000458 | 8501153391 | 1 | 1 | 0 | |||
228 | 1000383 | 0.002500 | 1000458 | 8501157122 | 1 | 1 | 0 | |||
229 | 1000383 | 0.002500 | 1000199 | 8601005903 | 1 | 1 | 0 | |||
230 | 1000383 | 0.002500 | 1000536 | 10831100009 | 1 | 1 | 0 | |||
231 | 1000383 | 0.002500 | 1000536 | 20011100639 | 1 | 1 | 0 | |||
232 | 1000383 | 0.002500 | 1000536 | 20011101013 | 1 | 1 | 0 | |||
233 | 1000383 | 0.002500 | 1000536 | 20011101134 | 1 | 1 | 0 | |||
234 | 1000383 | 0.002500 | 1000536 | 20031100120 | 1 | 1 | 0 | |||
235 | 1000383 | 0.002500 | 1000536 | 20171100725 | 1 | 1 | 0 | |||
236 | 1000383 | 0.002500 | 1000536 | 20271100008 | 1 | 1 | 0 | |||
237 | 1000383 | 0.002500 | 1000536 | 20361100034 | 1 | 1 | 0 | |||
238 | 1000383 | 0.002500 | 1000536 | 20391100134 | 1 | 1 | 0 | |||
239 | 1000383 | 0.002500 | 1000536 | 20631101987 | 1 | 1 | 0 | |||
240 | 1000383 | 0.002500 | 1000536 | 20631102057 | 1 | 1 | 0 | |||
241 | 1000383 | 0.002500 | 1000536 | 20631102242 | 1 | 1 | 0 | |||
242 | 1000383 | 0.002500 | 1000536 | 20631102391 | 1 | 1 | 0 | |||
243 | 1000383 | 0.002500 | 1000536 | 20731100233 | 1 | 1 | 0 | |||
244 | 1000383 | 0.002500 | 1000536 | 20731100288 | 1 | 1 | 0 | |||
245 | 1000383 | 0.002500 | 1000536 | 20881100256 | 1 | 1 | 0 | |||
246 | 1000383 | 0.002500 | 1000536 | 20981100041 | 1 | 1 | 0 | |||
247 | 1000383 | 0.002500 | 1000536 | 21051100385 | 1 | 1 | 0 | |||
248 | 1000383 | 0.002500 | 1000536 | 21211100006 | 1 | 1 | 0 | |||
249 | 1000383 | 0.002500 | 1000536 | 21351100456 | 1 | 1 | 0 | |||
250 | 1000383 | 0.002500 | 1000536 | 21351100595 | 1 | 1 | 0 | |||
251 | 1000383 | 0.002500 | 1000536 | 21391100375 | 1 | 1 | 0 | |||
252 | 1000383 | 0.002500 | 1000536 | 21411100303 | 1 | 1 | 0 | |||
253 | 1000383 | 0.002500 | 1000536 | 21501100093 | 1 | 1 | 0 | |||
254 | 1000383 | 0.002500 | 1000536 | 21551100035 | 1 | 1 | 0 | |||
255 | 1000383 | 0.002500 | 1000536 | 21931100027 | 1 | 1 | 0 | |||
256 | 1000383 | 0.002500 | 1000536 | 22751100005 | 1 | 1 | 0 | |||
257 | 1000383 | 0.002500 | 1000536 | 22831100243 | 1 | 1 | 0 | |||
258 | 1000383 | 0.002500 | 1000536 | 22841100395 | 1 | 1 | 0 | |||
259 | 1000383 | 0.002500 | 1000536 | 22901100323 | 1 | 1 | 0 | |||
260 | 1000383 | 0.002500 | 1000536 | 23181100035 | 1 | 1 | 0 | |||
261 | 1000383 | 0.002500 | 1000536 | 30521100646 | 1 | 1 | 0 | |||
262 | 1000383 | 0.002500 | 1000536 | 30521100653 | 1 | 1 | 0 | |||
263 | 1000383 | 0.002500 | 1000536 | 30521100654 | 1 | 1 | 0 | |||
264 | 1000383 | 0.002500 | 1000536 | 36791100059 | 1 | 1 | 0 | |||
265 | 1000383 | 0.002500 | 1000536 | 37221100445 | 1 | 1 | 0 | |||
266 | 1000383 | 0.002500 | 1000536 | 37221100538 | 1 | 1 | 0 | |||
267 | 1000383 | 0.002500 | 1000536 | 37261100195 | 1 | 1 | 0 | |||
268 | 1000383 | 0.002500 | 1004639 | 104-12070621 | 1 | 1 | 0 | |||
269 | 1000383 | 0.002500 | 1004639 | 105-12040329 | 1 | 1 | 0 | |||
270 | 1000383 | 0.002500 | 1000235 | 1203196SWV | 1 | 1 | 0 | |||
271 | 1000383 | 0.002500 | 1000235 | 1206083SWV | 1 | 1 | 0 | |||
272 | 1000383 | 0.002500 | 1000235 | 1206600YUB | 1 | 1 | 0 | |||
273 | 1000383 | 0.002500 | 1000235 | 1207879BEL | 1 | 1 | 0 | |||
274 | 1000383 | 0.002500 | 1000235 | 1208941BEL | 1 | 1 | 0 | |||
275 | 1000383 | 0.002500 | 1000235 | 1209959SWV | 1 | 1 | 0 | |||
276 | 1000383 | 0.002500 | 1000235 | 1210311SEA | 1 | 1 | 0 | |||
277 | 1000383 | 0.002500 | 1000235 | 1210572SWV | 1 | 1 | 0 | |||
278 | 1000383 | 0.002500 | 1000235 | 1211123BEL | 1 | 1 | 0 | |||
279 | 1000383 | 0.002500 | 1004639 | 123-1204004 | 1 | 1 | 0 | |||
280 | 1000383 | 0.002500 | 1000497 | 2012-2039137 | 1 | 1 | 0 | |||
281 | 1000383 | 0.002500 | 1000497 | 2012-2098557 | 1 | 1 | 0 | |||
282 | 1000383 | 0.002500 | 1000199 | 800-1001466 | 1 | 1 | 0 | |||
283 | 1000383 | 0.002500 | 1003626 | 23610 | 1 | 1 | 0 | |||
284 | 1000383 | 0.002500 | 1002793 | 000049640 | 1 | 1 | 0 | |||
285 | 1000383 | 0.002500 | 1008808 | 6026946 | 1 | 1 | 0 | |||
286 | 1000383 | 0.002500 | 1005723 | 38348553 | 1 | 1 | 0 | |||
287 | 1000383 | 0.002500 | 1006324 | 70120404 | 1 | 1 | 0 | |||
288 | 1000383 | 0.002500 | 1003924 | 121098015 | 1 | 1 | 0 | |||
289 | 1000383 | 0.002500 | 1003924 | 940085780 | 1 | 1 | 0 | |||
290 | 1000383 | 0.002500 | 1000324 | 1351220801 | 1 | 1 | 0 | |||
291 | 1000383 | 0.002500 | 1000324 | 1351231109 | 1 | 1 | 0 | |||
292 | 1000383 | 0.002500 | 1003970 | 2012000830 | 1 | 1 | 0 | |||
293 | 1000383 | 0.002500 | 1003970 | 2012000894 | 1 | 1 | 0 | |||
294 | 1000383 | 0.002500 | 1000536 | 2117602442 | 1 | 1 | 0 | |||
295 | 1000383 | 0.002500 | 1000536 | 2117602852 | 1 | 1 | 0 | |||
296 | 1000383 | 0.002500 | 1001770 | 3900000647 | 1 | 1 | 0 | |||
297 | 1000383 | 0.002500 | 1001105 | 6000114808 | 1 | 1 | 0 | |||
298 | 1000383 | 0.002500 | 1001105 | 6000125390 | 1 | 1 | 0 | |||
299 | 1000383 | 0.002500 | 1000536 | 22701100164 | 1 | 1 | 0 | |||
300 | 1000383 | 0.002500 | 1000536 | 21771100291 | 1 | 1 | 0 | |||
301 | 1000383 | 0.002500 | 1000457 | 89829717 | 1 | 1 | 0 | |||
302 | 1000383 | 0.002500 | 1001105 | 8001042764 | 1 | 1 | 0 |
11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | |
Loan Purpose | Cash Out Amount | Total Origination and Discount Points | Covered/High Cost Loan Indicator | Relocation Loan Indicator | Broker Indicator | Channel | Escrow Indicator | Senior Loan Amount(s) |
Loan Type of Most Senior Lien | |
1 | 6 | 1 | 0 | 0 | ||||||
2 | 9 | 1 | 0 | 0 | ||||||
3 | 3 | 1 | 4 | 0 | ||||||
4 | 3 | 1 | 0 | 0 | ||||||
5 | 9 | 1 | 4 | 0 | ||||||
6 | 9 | 1 | 0 | 0 | ||||||
7 | 9 | 1 | 0 | 0 | ||||||
8 | 7 | 1 | 0 | 0 | ||||||
9 | 9 | 1 | 4 | 0 | ||||||
10 | 7 | 1 | 4 | 0 | ||||||
11 | 7 | 1 | 4 | 0 | ||||||
12 | 9 | 1 | 4 | 0 | ||||||
13 | 9 | 1 | 4 | 0 | ||||||
14 | 7 | 1 | 0 | 0 | ||||||
15 | 9 | 1 | 4 | 0 | ||||||
16 | 7 | 1 | 4 | 0 | ||||||
17 | 9 | 1 | 0 | 0 | ||||||
18 | 7 | 1 | 0 | 0 | ||||||
19 | 9 | 1 | 4 | 0 | ||||||
20 | 9 | 1 | 4 | 0 | ||||||
21 | 9 | 1 | 0 | 0 | ||||||
22 | 9 | 1 | 4 | 0 | ||||||
23 | 3 | 1 | 0 | 0 | ||||||
24 | 7 | 1 | 4 | 0 | ||||||
25 | 7 | 1 | 4 | 0 | ||||||
26 | 9 | 1 | 0 | 0 | ||||||
27 | 7 | 1 | 0 | 0 | ||||||
28 | 7 | 1 | 4 | 0 | ||||||
29 | 9 | 2 | 0 | 0 | ||||||
30 | 9 | 5 | 4 | 0 | ||||||
31 | 9 | 1 | 4 | 0 | ||||||
32 | 9 | 1 | 4 | 0 | ||||||
33 | 9 | 1 | 0 | 0 | ||||||
34 | 7 | 1 | 0 | 0 | ||||||
35 | 7 | 1 | 4 | 0 | ||||||
36 | 9 | 1 | 0 | 0 | ||||||
37 | 9 | 1 | 0 | 0 | ||||||
38 | 9 | 1 | 0 | 0 | ||||||
39 | 7 | 1 | 0 | 0 | ||||||
40 | 7 | 1 | 0 | 0 | ||||||
41 | 7 | 1 | 4 | 0 | ||||||
42 | 7 | 1 | 4 | 0 | ||||||
43 | 7 | 1 | 4 | 0 | ||||||
44 | 7 | 1 | 4 | 0 | ||||||
45 | 7 | 1 | 4 | 0 | ||||||
46 | 7 | 2 | 0 | 0 | ||||||
47 | 9 | 5 | 0 | 0 | ||||||
48 | 7 | 1 | 4 | 0 | ||||||
49 | 9 | 2 | 4 | 0 | ||||||
50 | 9 | 5 | 0 | 0 | ||||||
51 | 3 | 5 | 4 | 0 | ||||||
52 | 9 | 2 | 4 | 0 | ||||||
53 | 3 | 1 | 4 | 0 | ||||||
54 | 9 | 2 | 4 | 0 | ||||||
55 | 7 | 2 | 0 | 0 | ||||||
56 | 7 | 5 | 4 | 0 | ||||||
57 | 9 | 2 | 4 | 0 | ||||||
58 | 3 | 5 | 0 | 0 | ||||||
59 | 7 | 1 | 0 | 0 | ||||||
60 | 9 | 5 | 0 | 0 | ||||||
61 | 7 | 2 | 4 | 0 | ||||||
62 | 7 | 5 | 0 | 0 | ||||||
63 | 7 | 5 | 4 | 0 | ||||||
64 | 7 | 1 | 0 | 0 | ||||||
65 | 7 | 2 | 4 | 0 | ||||||
66 | 9 | 1 | 4 | 0 | ||||||
67 | 9 | 5 | 0 | 0 | ||||||
68 | 6 | 2 | 4 | 0 | ||||||
69 | 9 | 1 | 4 | 0 | ||||||
70 | 9 | 5 | 4 | 0 | ||||||
71 | 9 | 1 | 0 | 0 | ||||||
72 | 7 | 5 | 4 | 0 | ||||||
73 | 9 | 5 | 4 | 0 | ||||||
74 | 3 | 2 | 4 | 0 | ||||||
75 | 9 | 2 | 0 | 0 | ||||||
76 | 3 | 2 | 0 | 0 | ||||||
77 | 9 | 2 | 4 | 0 | ||||||
78 | 7 | 5 | 4 | 0 | ||||||
79 | 3 | 5 | 0 | 0 | ||||||
80 | 9 | 1 | 0 | 0 | ||||||
81 | 7 | 5 | 4 | 0 | ||||||
82 | 7 | 5 | 0 | 0 | ||||||
83 | 9 | 5 | 0 | 0 | ||||||
84 | 7 | 5 | 4 | 0 | ||||||
85 | 9 | 5 | 0 | 0 | ||||||
86 | 7 | 5 | 4 | 0 | ||||||
87 | 7 | 2 | 4 | 0 | ||||||
88 | 7 | 1 | 4 | 0 | ||||||
89 | 7 | 1 | 4 | 0 | ||||||
90 | 9 | 1 | 0 | 0 | ||||||
91 | 7 | 1 | 4 | 0 | ||||||
92 | 9 | 1 | 0 | 0 | ||||||
93 | 9 | 1 | 0 | 0 | ||||||
94 | 6 | 2 | 4 | 0 | ||||||
95 | 7 | 1 | 4 | 0 | ||||||
96 | 7 | 1 | 4 | 0 | ||||||
97 | 7 | 1 | 4 | 0 | ||||||
98 | 9 | 1 | 4 | 0 | ||||||
99 | 9 | 1 | 0 | 0 | ||||||
100 | 9 | 1 | 4 | 0 | ||||||
101 | 7 | 1 | 0 | 0 | ||||||
102 | 9 | 1 | 4 | 0 | ||||||
103 | 7 | 1 | 4 | 0 | ||||||
104 | 9 | 1 | 0 | 0 | ||||||
105 | 7 | 1 | 0 | 0 | ||||||
106 | 9 | 1 | 4 | 0 | ||||||
107 | 9 | 1 | 4 | 0 | ||||||
108 | 9 | 1 | 4 | 0 | ||||||
109 | 9 | 1 | 4 | 0 | ||||||
110 | 3 | 1 | 4 | 0 | ||||||
111 | 9 | 1 | 0 | 0 | ||||||
112 | 9 | 2 | 4 | 0 | ||||||
113 | 9 | 2 | 4 | 0 | ||||||
114 | 9 | 2 | 0 | 0 | ||||||
115 | 7 | 2 | 4 | 0 | ||||||
116 | 9 | 2 | 0 | 0 | ||||||
117 | 9 | 2 | 0 | 0 | ||||||
118 | 9 | 2 | 0 | 0 | ||||||
119 | 7 | 2 | 0 | 0 | ||||||
120 | 9 | 2 | 0 | 0 | ||||||
121 | 9 | 2 | 4 | 0 | ||||||
122 | 9 | 2 | 4 | 0 | ||||||
123 | 9 | 2 | 4 | 0 | ||||||
124 | 9 | 2 | 4 | 0 | ||||||
125 | 7 | 2 | 4 | 0 | ||||||
126 | 7 | 2 | 4 | 0 | ||||||
127 | 7 | 2 | 4 | 0 | ||||||
128 | 7 | 2 | 4 | 0 | ||||||
129 | 9 | 1 | 0 | 0 | ||||||
130 | 9 | 1 | 0 | 0 | ||||||
131 | 7 | 1 | 0 | 0 | ||||||
132 | 9 | 1 | 0 | 0 | ||||||
133 | 7 | 1 | 0 | 0 | ||||||
134 | 9 | 1 | 0 | 0 | ||||||
135 | 7 | 1 | 4 | 0 | ||||||
136 | 9 | 1 | 0 | 0 | ||||||
137 | 9 | 1 | 0 | 0 | ||||||
138 | 7 | 1 | 0 | 0 | ||||||
139 | 9 | 2 | 0 | 0 | ||||||
140 | 7 | 1 | 4 | 0 | ||||||
141 | 7 | 1 | 0 | 0 | ||||||
142 | 9 | 1 | 0 | 0 | ||||||
143 | 9 | 1 | 0 | 0 | ||||||
144 | 7 | 2 | 4 | 0 | ||||||
145 | 7 | 2 | 4 | 0 | ||||||
146 | 7 | 1 | 0 | 0 | ||||||
147 | 9 | 5 | 4 | 0 | ||||||
148 | 7 | 1 | 4 | 0 | ||||||
149 | 3 | 1 | 4 | 0 | ||||||
150 | 9 | 1 | 0 | 0 | ||||||
151 | 3 | 1 | 4 | 0 | ||||||
152 | 7 | 1 | 4 | 0 | ||||||
153 | 9 | 1 | 0 | 0 | ||||||
154 | 9 | 1 | 4 | 0 | ||||||
155 | 9 | 1 | 4 | 0 | ||||||
156 | 9 | 1 | 0 | 0 | ||||||
157 | 9 | 1 | 4 | 0 | ||||||
158 | 9 | 1 | 0 | 0 | ||||||
159 | 9 | 1 | 1 | 0 | ||||||
160 | 9 | 1 | 0 | 0 | ||||||
161 | 9 | 1 | 4 | 0 | ||||||
162 | 9 | 1 | 4 | 0 | ||||||
163 | 7 | 1 | 0 | 0 | ||||||
164 | 9 | 1 | 4 | 0 | ||||||
165 | 9 | 1 | 4 | 0 | ||||||
166 | 7 | 1 | 4 | 0 | ||||||
167 | 7 | 1 | 4 | 0 | ||||||
168 | 7 | 1 | 4 | 0 | ||||||
169 | 9 | 1 | 4 | 0 | ||||||
170 | 7 | 1 | 4 | 0 | ||||||
171 | 7 | 1 | 4 | 0 | ||||||
172 | 3 | 1 | 4 | 0 | ||||||
173 | 3 | 1 | 4 | 0 | ||||||
174 | 9 | 1 | 4 | 0 | ||||||
175 | 9 | 1 | 4 | 0 | ||||||
176 | 9 | 1 | 0 | 0 | ||||||
177 | 9 | 1 | 4 | 0 | ||||||
178 | 7 | 1 | 4 | 0 | ||||||
179 | 9 | 1 | 0 | 0 | ||||||
180 | 9 | 1 | 0 | 0 | ||||||
181 | 9 | 1 | 0 | 0 | ||||||
182 | 7 | 1 | 0 | 0 | ||||||
183 | 7 | 1 | 0 | 0 | ||||||
184 | 7 | 1 | 0 | 0 | ||||||
185 | 7 | 1 | 4 | 0 | ||||||
186 | 3 | 1 | 4 | 0 | ||||||
187 | 9 | 1 | 4 | 0 | ||||||
188 | 9 | 1 | 4 | 0 | ||||||
189 | 7 | 1 | 0 | 0 | ||||||
190 | 7 | 1 | 0 | 0 | ||||||
191 | 9 | 1 | 0 | 0 | ||||||
192 | 7 | 2 | 0 | 0 | ||||||
193 | 7 | 2 | 0 | 0 | ||||||
194 | 7 | 1 | 0 | 0 | ||||||
195 | 9 | 2 | 0 | 0 | ||||||
196 | 6 | 2 | 0 | 0 | ||||||
197 | 7 | 2 | 4 | 0 | ||||||
198 | 3 | 1 | 4 | 0 | ||||||
199 | 9 | 1 | 0 | 0 | ||||||
200 | 7 | 1 | 4 | 0 | ||||||
201 | 9 | 1 | 4 | 0 | ||||||
202 | 7 | 1 | 4 | 0 | ||||||
203 | 7 | 1 | 4 | 0 | ||||||
204 | 9 | 1 | 4 | 0 | ||||||
205 | 9 | 1 | 4 | 0 | ||||||
206 | 9 | 2 | 0 | 0 | ||||||
207 | 9 | 2 | 0 | 0 | ||||||
208 | 9 | 2 | 0 | 0 | ||||||
209 | 9 | 2 | 0 | 0 | ||||||
210 | 9 | 2 | 0 | 0 | ||||||
211 | 9 | 2 | 4 | 0 | ||||||
212 | 7 | 2 | 4 | 0 | ||||||
213 | 9 | 2 | 0 | 0 | ||||||
214 | 7 | 2 | 4 | 0 | ||||||
215 | 7 | 2 | 4 | 0 | ||||||
216 | 7 | 2 | 4 | 0 | ||||||
217 | 7 | 2 | 0 | 0 | ||||||
218 | 7 | 1 | 4 | 0 | ||||||
219 | 9 | 1 | 0 | 0 | ||||||
220 | 9 | 1 | 0 | 0 | ||||||
221 | 9 | 1 | 4 | 0 | ||||||
222 | 7 | 1 | 4 | 0 | ||||||
223 | 9 | 1 | 0 | 0 | ||||||
224 | 9 | 1 | 0 | 0 | ||||||
225 | 7 | 1 | 0 | 0 | ||||||
226 | 7 | 1 | 0 | 0 | ||||||
227 | 9 | 1 | 4 | 0 | ||||||
228 | 9 | 1 | 4 | 0 | ||||||
229 | 9 | 1 | 0 | 0 | ||||||
230 | 3 | 1 | 0 | 0 | ||||||
231 | 7 | 1 | 0 | 0 | ||||||
232 | 9 | 1 | 0 | 0 | ||||||
233 | 9 | 1 | 0 | 0 | ||||||
234 | 7 | 1 | 0 | 0 | ||||||
235 | 9 | 1 | 0 | 0 | ||||||
236 | 9 | 1 | 0 | 0 | ||||||
237 | 7 | 1 | 4 | 0 | ||||||
238 | 9 | 1 | 4 | 0 | ||||||
239 | 9 | 1 | 4 | 0 | ||||||
240 | 7 | 1 | 0 | 0 | ||||||
241 | 7 | 1 | 4 | 0 | ||||||
242 | 7 | 1 | 4 | 0 | ||||||
243 | 9 | 1 | 4 | 0 | ||||||
244 | 9 | 1 | 4 | 0 | ||||||
245 | 7 | 1 | 0 | 0 | ||||||
246 | 9 | 1 | 4 | 0 | ||||||
247 | 3 | 1 | 4 | 0 | ||||||
248 | 9 | 1 | 4 | 0 | ||||||
249 | 9 | 1 | 0 | 0 | ||||||
250 | 9 | 1 | 0 | 0 | ||||||
251 | 9 | 1 | 4 | 0 | ||||||
252 | 3 | 1 | 0 | 0 | ||||||
253 | 7 | 1 | 4 | 0 | ||||||
254 | 7 | 1 | 0 | 0 | ||||||
255 | 9 | 1 | 4 | 0 | ||||||
256 | 7 | 1 | 0 | 0 | ||||||
257 | 7 | 1 | 0 | 0 | ||||||
258 | 7 | 1 | 4 | 0 | ||||||
259 | 7 | 1 | 4 | 0 | ||||||
260 | 7 | 1 | 0 | 0 | ||||||
261 | 7 | 1 | 4 | 0 | ||||||
262 | 7 | 1 | 0 | 0 | ||||||
263 | 7 | 1 | 0 | 0 | ||||||
264 | 9 | 1 | 0 | 0 | ||||||
265 | 7 | 1 | 0 | 0 | ||||||
266 | 9 | 1 | 0 | 0 | ||||||
267 | 9 | 1 | 0 | 0 | ||||||
268 | 7 | 1 | 0 | 0 | ||||||
269 | 9 | 1 | 0 | 0 | ||||||
270 | 7 | 1 | 4 | 0 | ||||||
271 | 3 | 1 | 4 | 0 | ||||||
272 | 9 | 1 | 4 | 0 | ||||||
273 | 7 | 1 | 4 | 0 | ||||||
274 | 7 | 1 | 4 | 0 | ||||||
275 | 7 | 1 | 4 | 0 | ||||||
276 | 7 | 1 | 4 | 0 | ||||||
277 | 9 | 1 | 0 | 0 | ||||||
278 | 7 | 1 | 4 | 0 | ||||||
279 | 7 | 1 | 4 | 0 | ||||||
280 | 9 | 1 | 4 | 0 | ||||||
281 | 7 | 1 | 4 | 0 | ||||||
282 | 7 | 1 | 4 | 0 | ||||||
283 | 7 | 1 | 0 | 0 | ||||||
284 | 7 | 1 | 4 | 0 | ||||||
285 | 7 | 1 | 0 | 0 | ||||||
286 | 9 | 1 | 4 | 0 | ||||||
287 | 9 | 1 | 4 | 0 | ||||||
288 | 7 | 1 | 0 | 0 | ||||||
289 | 7 | 1 | 4 | 0 | ||||||
290 | 9 | 2 | 4 | 0 | ||||||
291 | 9 | 2 | 4 | 0 | ||||||
292 | 9 | 1 | 1 | 0 | ||||||
293 | 9 | 1 | 1 | 0 | ||||||
294 | 9 | 1 | 4 | 0 | ||||||
295 | 9 | 1 | 4 | 0 | ||||||
296 | 7 | 1 | 0 | 0 | ||||||
297 | 9 | 2 | 0 | 0 | ||||||
298 | 9 | 2 | 0 | 0 | ||||||
299 | 9 | 1 | 4 | 0 | ||||||
300 | 3 | 1 | 0 | 0 | ||||||
301 | 9 | 5 | 0 | 0 | ||||||
302 | 9 | 1 | 0 | 0 |
21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | |
Hybrid
Period of Most Senior Lien (in months) |
Neg
Am Limit of Most Senior Lien |
Junior
Mortgage Balance |
Origination
Date of Most Senior Lien |
Origination Date | Original
Loan Amount |
Original
Interest Rate |
Original Amortization Term |
Original
Term to Maturity |
First
Payment Date of Loan | |
1 | 0.00 | 20120913 | 860000.00 | 0.041250 | 360 | 360 | 20121101 | |||
2 | 0.00 | 20120709 | 560000.00 | 0.047500 | 360 | 360 | 20120901 | |||
3 | 0.00 | 20120703 | 470000.00 | 0.047500 | 360 | 360 | 20120901 | |||
4 | 0.00 | 20120814 | 1350000.00 | 0.041250 | 360 | 360 | 20121001 | |||
5 | 0.00 | 20120726 | 960000.00 | 0.043750 | 360 | 360 | 20120901 | |||
6 | 0.00 | 20120830 | 520000.00 | 0.043750 | 360 | 360 | 20121001 | |||
7 | 0.00 | 20120725 | 817000.00 | 0.042500 | 360 | 360 | 20120901 | |||
8 | 0.00 | 20120810 | 588750.00 | 0.042500 | 360 | 360 | 20121001 | |||
9 | 0.00 | 20120709 | 756500.00 | 0.041250 | 360 | 360 | 20120901 | |||
10 | 0.00 | 20120622 | 600000.00 | 0.043750 | 360 | 360 | 20120801 | |||
11 | 0.00 | 20120726 | 512000.00 | 0.042500 | 360 | 360 | 20120901 | |||
12 | 0.00 | 20120830 | 634800.00 | 0.041250 | 360 | 360 | 20121001 | |||
13 | 0.00 | 20120815 | 906000.00 | 0.041250 | 360 | 360 | 20121001 | |||
14 | 0.00 | 20120710 | 527920.00 | 0.041250 | 360 | 360 | 20120901 | |||
15 | 0.00 | 20120831 | 656500.00 | 0.041250 | 360 | 360 | 20121001 | |||
16 | 0.00 | 20120828 | 681040.00 | 0.038750 | 360 | 360 | 20121001 | |||
17 | 0.00 | 20120723 | 456000.00 | 0.042500 | 360 | 360 | 20120901 | |||
18 | 0.00 | 20120723 | 680000.00 | 0.041250 | 360 | 360 | 20120901 | |||
19 | 0.00 | 20120719 | 775500.00 | 0.045000 | 360 | 360 | 20120901 | |||
20 | 0.00 | 20120821 | 800000.00 | 0.042500 | 360 | 360 | 20121001 | |||
21 | 0.00 | 20120808 | 507300.00 | 0.043750 | 360 | 360 | 20121001 | |||
22 | 0.00 | 20120719 | 720000.00 | 0.043750 | 360 | 360 | 20120901 | |||
23 | 0.00 | 20120723 | 975000.00 | 0.041250 | 360 | 360 | 20120901 | |||
24 | 0.00 | 20120607 | 550500.00 | 0.042500 | 360 | 360 | 20120801 | |||
25 | 0.00 | 20120514 | 2190000.00 | 0.041250 | 360 | 360 | 20120701 | |||
26 | 0.00 | 20120725 | 790000.00 | 0.045000 | 360 | 360 | 20120901 | |||
27 | 0.00 | 20120803 | 653200.00 | 0.045000 | 360 | 360 | 20121001 | |||
28 | 0.00 | 20120726 | 588000.00 | 0.040000 | 360 | 360 | 20120901 | |||
29 | 0.00 | 20120723 | 978000.00 | 0.042500 | 360 | 360 | 20120901 | |||
30 | 0.00 | 20120509 | 1242500.00 | 0.047500 | 360 | 360 | 20120701 | |||
31 | 0.00 | 20120802 | 812000.00 | 0.042500 | 360 | 360 | 20120901 | |||
32 | 0.00 | 20120809 | 784000.00 | 0.045000 | 360 | 360 | 20121001 | |||
33 | 0.00 | 20120723 | 595000.00 | 0.043750 | 360 | 360 | 20120901 | |||
34 | 0.00 | 20120822 | 511200.00 | 0.038750 | 360 | 360 | 20121001 | |||
35 | 0.00 | 20120831 | 512000.00 | 0.043750 | 360 | 360 | 20121001 | |||
36 | 0.00 | 20120727 | 750000.00 | 0.042500 | 360 | 360 | 20120901 | |||
37 | 0.00 | 20120829 | 930000.00 | 0.041250 | 360 | 360 | 20121001 | |||
38 | 0.00 | 20120806 | 570000.00 | 0.041250 | 360 | 360 | 20121001 | |||
39 | 0.00 | 20120702 | 700000.00 | 0.042500 | 360 | 360 | 20120901 | |||
40 | 0.00 | 20120724 | 820000.00 | 0.043750 | 360 | 360 | 20120901 | |||
41 | 0.00 | 20120710 | 800000.00 | 0.040000 | 360 | 360 | 20120901 | |||
42 | 0.00 | 20120802 | 840000.00 | 0.041250 | 360 | 360 | 20121001 | |||
43 | 0.00 | 20120824 | 760800.00 | 0.041250 | 360 | 360 | 20121001 | |||
44 | 0.00 | 20120906 | 1000000.00 | 0.038750 | 360 | 360 | 20121101 | |||
45 | 0.00 | 20120829 | 668000.00 | 0.042500 | 360 | 360 | 20121001 | |||
46 | 0.00 | 20120727 | 742000.00 | 0.042500 | 360 | 360 | 20120901 | |||
47 | 0.00 | 20120803 | 529500.00 | 0.043750 | 360 | 360 | 20121001 | |||
48 | 0.00 | 20120706 | 444000.00 | 0.043750 | 360 | 360 | 20120801 | |||
49 | 45100.00 | 20120724 | 474900.00 | 0.043750 | 360 | 360 | 20120901 | |||
50 | 0.00 | 20120523 | 635000.00 | 0.045000 | 360 | 360 | 20120701 | |||
51 | 0.00 | 20120705 | 471250.00 | 0.042500 | 360 | 360 | 20120901 | |||
52 | 0.00 | 20120810 | 930000.00 | 0.042500 | 360 | 360 | 20121001 | |||
53 | 0.00 | 20120711 | 900000.00 | 0.042500 | 360 | 360 | 20120901 | |||
54 | 0.00 | 20120716 | 962000.00 | 0.043750 | 360 | 360 | 20120901 | |||
55 | 0.00 | 20120613 | 705000.00 | 0.045000 | 360 | 360 | 20120801 | |||
56 | 0.00 | 20120627 | 573750.00 | 0.046250 | 360 | 360 | 20120801 | |||
57 | 0.00 | 20120619 | 898000.00 | 0.043750 | 360 | 360 | 20120801 | |||
58 | 0.00 | 20120720 | 570700.00 | 0.041250 | 360 | 360 | 20120901 | |||
59 | 0.00 | 20120710 | 1293750.00 | 0.045000 | 360 | 360 | 20120901 | |||
60 | 0.00 | 20120718 | 991000.00 | 0.040000 | 360 | 360 | 20120901 | |||
61 | 0.00 | 20120702 | 875000.00 | 0.042500 | 360 | 360 | 20120801 | |||
62 | 0.00 | 20120711 | 850000.00 | 0.041250 | 360 | 360 | 20120901 | |||
63 | 0.00 | 20120626 | 552000.00 | 0.046250 | 360 | 360 | 20120801 | |||
64 | 0.00 | 20120705 | 512000.00 | 0.041250 | 360 | 360 | 20120901 | |||
65 | 0.00 | 20120622 | 940000.00 | 0.041250 | 360 | 360 | 20120801 | |||
66 | 0.00 | 20120718 | 725000.00 | 0.046250 | 360 | 360 | 20120901 | |||
67 | 0.00 | 20120716 | 756000.00 | 0.042500 | 360 | 360 | 20120901 | |||
68 | 0.00 | 20120706 | 600000.00 | 0.038750 | 360 | 360 | 20120901 | |||
69 | 0.00 | 20120720 | 469000.00 | 0.045000 | 360 | 360 | 20120901 | |||
70 | 0.00 | 20120717 | 760000.00 | 0.046250 | 360 | 360 | 20120901 | |||
71 | 0.00 | 20120712 | 990000.00 | 0.040000 | 360 | 360 | 20120901 | |||
72 | 0.00 | 20120720 | 735000.00 | 0.042500 | 360 | 360 | 20120901 | |||
73 | 0.00 | 20120809 | 985000.00 | 0.046250 | 360 | 360 | 20121001 | |||
74 | 0.00 | 20120802 | 503750.00 | 0.042500 | 360 | 360 | 20120901 | |||
75 | 0.00 | 20120824 | 883000.00 | 0.040000 | 360 | 360 | 20121001 | |||
76 | 500000.00 | 20120718 | 1000000.00 | 0.038750 | 360 | 360 | 20120901 | |||
77 | 0.00 | 20120802 | 728000.00 | 0.042500 | 360 | 360 | 20121001 | |||
78 | 0.00 | 20120712 | 693750.00 | 0.045000 | 360 | 360 | 20120901 | |||
79 | 250000.00 | 20120822 | 1000000.00 | 0.042500 | 360 | 360 | 20121001 | |||
80 | 46500.00 | 20120717 | 710000.00 | 0.042500 | 360 | 360 | 20120901 | |||
81 | 0.00 | 20120816 | 675000.00 | 0.040000 | 360 | 360 | 20121001 | |||
82 | 0.00 | 20120802 | 997500.00 | 0.045000 | 360 | 360 | 20121001 | |||
83 | 0.00 | 20120821 | 615000.00 | 0.041250 | 360 | 360 | 20121001 | |||
84 | 0.00 | 20120815 | 630000.00 | 0.045000 | 360 | 360 | 20121001 | |||
85 | 0.00 | 20120824 | 750000.00 | 0.042500 | 360 | 360 | 20121001 | |||
86 | 0.00 | 20120830 | 556000.00 | 0.045000 | 360 | 360 | 20121001 | |||
87 | 0.00 | 20120821 | 632000.00 | 0.043750 | 360 | 360 | 20121001 | |||
88 | 0.00 | 20120824 | 604000.00 | 0.045000 | 360 | 360 | 20121001 | |||
89 | 0.00 | 20120726 | 880000.00 | 0.042500 | 360 | 360 | 20120901 | |||
90 | 0.00 | 20120822 | 867159.00 | 0.041250 | 360 | 360 | 20121001 | |||
91 | 0.00 | 20120727 | 1015000.00 | 0.037500 | 360 | 360 | 20120901 | |||
92 | 0.00 | 20120803 | 558000.00 | 0.043750 | 360 | 360 | 20121001 | |||
93 | 82400.00 | 20120725 | 722000.00 | 0.040000 | 360 | 360 | 20120901 | |||
94 | 0.00 | 20120716 | 792000.00 | 0.040000 | 360 | 360 | 20120901 | |||
95 | 0.00 | 20120731 | 999990.00 | 0.043750 | 360 | 360 | 20120901 | |||
96 | 0.00 | 20120710 | 857500.00 | 0.042500 | 360 | 360 | 20120901 | |||
97 | 0.00 | 20120813 | 1000000.00 | 0.043750 | 360 | 360 | 20121001 | |||
98 | 0.00 | 20120907 | 710000.00 | 0.045000 | 360 | 360 | 20121101 | |||
99 | 0.00 | 20120821 | 905000.00 | 0.042500 | 360 | 360 | 20121001 | |||
100 | 0.00 | 20120713 | 685000.00 | 0.042500 | 360 | 360 | 20120901 | |||
101 | 0.00 | 20120731 | 900000.00 | 0.041250 | 360 | 360 | 20120901 | |||
102 | 0.00 | 20120904 | 418000.00 | 0.040000 | 360 | 360 | 20121101 | |||
103 | 0.00 | 20120703 | 666250.00 | 0.042500 | 360 | 360 | 20120901 | |||
104 | 0.00 | 20120824 | 488500.00 | 0.041250 | 360 | 360 | 20121001 | |||
105 | 0.00 | 20120806 | 750000.00 | 0.042500 | 360 | 360 | 20121001 | |||
106 | 0.00 | 20120829 | 905000.00 | 0.042500 | 360 | 360 | 20121001 | |||
107 | 0.00 | 20120817 | 450000.00 | 0.042500 | 360 | 360 | 20121001 | |||
108 | 0.00 | 20120810 | 590000.00 | 0.041250 | 360 | 360 | 20121001 | |||
109 | 0.00 | 20120615 | 637500.00 | 0.042500 | 360 | 360 | 20120801 | |||
110 | 0.00 | 20120717 | 1234200.00 | 0.042500 | 360 | 360 | 20120901 | |||
111 | 0.00 | 20120827 | 892000.00 | 0.043750 | 360 | 360 | 20121001 | |||
112 | 0.00 | 20120724 | 803000.00 | 0.036250 | 360 | 360 | 20120901 | |||
113 | 0.00 | 20120720 | 518000.00 | 0.045000 | 360 | 360 | 20120901 | |||
114 | 0.00 | 20120710 | 510000.00 | 0.042500 | 360 | 360 | 20120901 | |||
115 | 0.00 | 20120720 | 867750.00 | 0.043750 | 360 | 360 | 20120901 | |||
116 | 0.00 | 20120803 | 736000.00 | 0.043750 | 360 | 360 | 20121001 | |||
117 | 0.00 | 20120716 | 817000.00 | 0.041250 | 360 | 360 | 20120901 | |||
118 | 0.00 | 20120730 | 677950.00 | 0.040000 | 360 | 360 | 20120901 | |||
119 | 0.00 | 20120801 | 804000.00 | 0.041250 | 360 | 360 | 20121001 | |||
120 | 0.00 | 20120820 | 1220000.00 | 0.041250 | 360 | 360 | 20121001 | |||
121 | 0.00 | 20120803 | 570000.00 | 0.043750 | 360 | 360 | 20121001 | |||
122 | 0.00 | 20120829 | 668000.00 | 0.042500 | 360 | 360 | 20121001 | |||
123 | 0.00 | 20120822 | 675000.00 | 0.038750 | 360 | 360 | 20121001 | |||
124 | 0.00 | 20120814 | 678000.00 | 0.041250 | 360 | 360 | 20121001 | |||
125 | 0.00 | 20120814 | 656000.00 | 0.042500 | 360 | 360 | 20121001 | |||
126 | 0.00 | 20120831 | 772000.00 | 0.042500 | 360 | 360 | 20121101 | |||
127 | 0.00 | 20120816 | 780000.00 | 0.043750 | 360 | 360 | 20121001 | |||
128 | 0.00 | 20120830 | 793000.00 | 0.040000 | 360 | 360 | 20121001 | |||
129 | 0.00 | 20120808 | 1092000.00 | 0.043750 | 360 | 360 | 20121001 | |||
130 | 0.00 | 20120824 | 761000.00 | 0.045000 | 360 | 360 | 20121001 | |||
131 | 0.00 | 20120731 | 595000.00 | 0.041250 | 360 | 360 | 20120901 | |||
132 | 0.00 | 20120726 | 807500.00 | 0.043750 | 360 | 360 | 20120901 | |||
133 | 0.00 | 20120731 | 561000.00 | 0.040000 | 360 | 360 | 20120901 | |||
134 | 0.00 | 20120718 | 578250.00 | 0.041250 | 360 | 360 | 20120901 | |||
135 | 0.00 | 20120830 | 564000.00 | 0.042500 | 360 | 360 | 20121001 | |||
136 | 0.00 | 20120823 | 703400.00 | 0.042500 | 360 | 360 | 20121001 | |||
137 | 0.00 | 20120830 | 988000.00 | 0.040000 | 360 | 360 | 20121001 | |||
138 | 0.00 | 20120820 | 1099000.00 | 0.040000 | 360 | 360 | 20121001 | |||
139 | 0.00 | 20120821 | 774000.00 | 0.042500 | 360 | 360 | 20121001 | |||
140 | 0.00 | 20120801 | 580000.00 | 0.043750 | 360 | 360 | 20121001 | |||
141 | 0.00 | 20120731 | 650000.00 | 0.040000 | 360 | 360 | 20120901 | |||
142 | 0.00 | 20120817 | 899200.00 | 0.042500 | 360 | 360 | 20121001 | |||
143 | 0.00 | 20120823 | 747500.00 | 0.040000 | 360 | 360 | 20121001 | |||
144 | 0.00 | 20120810 | 700000.00 | 0.041250 | 360 | 360 | 20121001 | |||
145 | 0.00 | 20120830 | 590800.00 | 0.038750 | 360 | 360 | 20121001 | |||
146 | 0.00 | 20120620 | 695000.00 | 0.042500 | 360 | 360 | 20120801 | |||
147 | 0.00 | 20120701 | 780000.00 | 0.042500 | 360 | 360 | 20120901 | |||
148 | 0.00 | 20120830 | 510000.00 | 0.042500 | 360 | 360 | 20121001 | |||
149 | 0.00 | 20120614 | 999000.00 | 0.042500 | 360 | 360 | 20120801 | |||
150 | 0.00 | 20120817 | 544400.00 | 0.042500 | 360 | 360 | 20121001 | |||
151 | 500000.00 | 20120821 | 810000.00 | 0.042500 | 360 | 360 | 20121001 | |||
152 | 0.00 | 20120712 | 1000000.00 | 0.038750 | 360 | 360 | 20120901 | |||
153 | 0.00 | 20120720 | 640760.00 | 0.043750 | 360 | 360 | 20120801 | |||
154 | 0.00 | 20120720 | 845000.00 | 0.042500 | 360 | 360 | 20120901 | |||
155 | 0.00 | 20120709 | 1000000.00 | 0.040000 | 360 | 360 | 20120901 | |||
156 | 0.00 | 20120810 | 980000.00 | 0.038750 | 360 | 360 | 20121001 | |||
157 | 200000.00 | 20120817 | 918000.00 | 0.042500 | 360 | 360 | 20121001 | |||
158 | 0.00 | 20120823 | 691000.00 | 0.038750 | 360 | 360 | 20121001 | |||
159 | 0.00 | 20120828 | 712000.00 | 0.040000 | 360 | 360 | 20121101 | |||
160 | 0.00 | 20120816 | 940000.00 | 0.040000 | 360 | 360 | 20121001 | |||
161 | 0.00 | 20120717 | 720000.00 | 0.040000 | 360 | 360 | 20120901 | |||
162 | 0.00 | 20120716 | 1000000.00 | 0.042500 | 360 | 360 | 20120901 | |||
163 | 0.00 | 20120710 | 617000.00 | 0.043750 | 360 | 360 | 20120901 | |||
164 | 0.00 | 20120710 | 1550000.00 | 0.040000 | 360 | 360 | 20120901 | |||
165 | 0.00 | 20120810 | 1063450.00 | 0.043750 | 360 | 360 | 20121001 | |||
166 | 0.00 | 20120821 | 564000.00 | 0.045000 | 360 | 360 | 20121001 | |||
167 | 0.00 | 20120801 | 549000.00 | 0.043750 | 360 | 360 | 20121001 | |||
168 | 0.00 | 20120827 | 799950.00 | 0.045000 | 360 | 360 | 20121001 | |||
169 | 0.00 | 20120718 | 775400.00 | 0.043750 | 360 | 360 | 20120901 | |||
170 | 0.00 | 20120817 | 650000.00 | 0.040000 | 360 | 360 | 20121001 | |||
171 | 0.00 | 20120731 | 990000.00 | 0.042500 | 360 | 360 | 20120901 | |||
172 | 0.00 | 20120822 | 625000.00 | 0.041250 | 360 | 360 | 20121001 | |||
173 | 0.00 | 20120810 | 1065000.00 | 0.040000 | 360 | 360 | 20121001 | |||
174 | 0.00 | 20120814 | 607500.00 | 0.042500 | 360 | 360 | 20121001 | |||
175 | 0.00 | 20120824 | 961200.00 | 0.041250 | 360 | 360 | 20121001 | |||
176 | 0.00 | 20120709 | 649150.00 | 0.042500 | 360 | 360 | 20120901 | |||
177 | 0.00 | 20120806 | 857000.00 | 0.043750 | 360 | 360 | 20121001 | |||
178 | 0.00 | 20120912 | 1500000.00 | 0.038750 | 360 | 360 | 20121101 | |||
179 | 99000.00 | 20120824 | 791000.00 | 0.040000 | 360 | 360 | 20121001 | |||
180 | 0.00 | 20120807 | 592000.00 | 0.045000 | 360 | 360 | 20121001 | |||
181 | 0.00 | 20120329 | 1406400.00 | 0.045000 | 360 | 360 | 20120501 | |||
182 | 0.00 | 20120801 | 756000.00 | 0.041250 | 360 | 360 | 20121001 | |||
183 | 0.00 | 20120731 | 485000.00 | 0.038750 | 360 | 360 | 20120901 | |||
184 | 0.00 | 20120730 | 920000.00 | 0.040000 | 360 | 360 | 20120901 | |||
185 | 0.00 | 20120831 | 560000.00 | 0.036250 | 360 | 360 | 20121001 | |||
186 | 0.00 | 20120709 | 1260000.00 | 0.043750 | 360 | 360 | 20120901 | |||
187 | 0.00 | 20120723 | 574000.00 | 0.041250 | 360 | 360 | 20120901 | |||
188 | 0.00 | 20120810 | 958100.00 | 0.043750 | 360 | 360 | 20121001 | |||
189 | 0.00 | 20120930 | 700000.00 | 0.042500 | 360 | 360 | 20121001 | |||
190 | 0.00 | 20120727 | 820000.00 | 0.040000 | 360 | 360 | 20120901 | |||
191 | 100000.00 | 20120730 | 782000.00 | 0.041250 | 360 | 360 | 20120901 | |||
192 | 0.00 | 20120820 | 950000.00 | 0.042500 | 360 | 360 | 20121001 | |||
193 | 0.00 | 20120724 | 805000.00 | 0.042500 | 360 | 360 | 20120901 | |||
194 | 0.00 | 20120706 | 750000.00 | 0.042500 | 360 | 360 | 20120901 | |||
195 | 0.00 | 20120820 | 1070000.00 | 0.041250 | 360 | 360 | 20121001 | |||
196 | 0.00 | 20120813 | 900250.00 | 0.042500 | 360 | 360 | 20121001 | |||
197 | 0.00 | 20120713 | 766000.00 | 0.043750 | 360 | 360 | 20120901 | |||
198 | 0.00 | 20120611 | 973000.00 | 0.045000 | 360 | 360 | 20120801 | |||
199 | 0.00 | 20120724 | 700000.00 | 0.043750 | 360 | 360 | 20120901 | |||
200 | 0.00 | 20120731 | 722550.00 | 0.037500 | 360 | 360 | 20120901 | |||
201 | 250000.00 | 20120719 | 605500.00 | 0.043750 | 240 | 240 | 20120901 | |||
202 | 0.00 | 20120820 | 570500.00 | 0.042500 | 360 | 360 | 20121001 | |||
203 | 0.00 | 20120808 | 608000.00 | 0.042500 | 360 | 360 | 20121001 | |||
204 | 84500.00 | 20120726 | 761000.00 | 0.041250 | 360 | 360 | 20120901 | |||
205 | 0.00 | 20120816 | 942893.00 | 0.043750 | 360 | 360 | 20121001 | |||
206 | 0.00 | 20120806 | 880000.00 | 0.042500 | 360 | 360 | 20121001 | |||
207 | 0.00 | 20120716 | 840000.00 | 0.042500 | 360 | 360 | 20120901 | |||
208 | 350000.00 | 20120716 | 698000.00 | 0.042500 | 360 | 360 | 20120901 | |||
209 | 0.00 | 20120831 | 920000.00 | 0.037500 | 360 | 360 | 20121101 | |||
210 | 0.00 | 20120814 | 1295000.00 | 0.042500 | 360 | 360 | 20121001 | |||
211 | 0.00 | 20120816 | 800000.00 | 0.043750 | 360 | 360 | 20121001 | |||
212 | 0.00 | 20120725 | 844000.00 | 0.043750 | 360 | 360 | 20120901 | |||
213 | 0.00 | 20120810 | 1000000.00 | 0.042500 | 360 | 360 | 20121001 | |||
214 | 0.00 | 20120822 | 490000.00 | 0.042500 | 360 | 360 | 20121001 | |||
215 | 0.00 | 20120831 | 776000.00 | 0.042500 | 360 | 360 | 20121001 | |||
216 | 0.00 | 20120905 | 759200.00 | 0.041250 | 360 | 360 | 20121101 | |||
217 | 0.00 | 20120907 | 1125750.00 | 0.041250 | 360 | 360 | 20121101 | |||
218 | 0.00 | 20120713 | 510000.00 | 0.042500 | 360 | 360 | 20120901 | |||
219 | 0.00 | 20120720 | 929000.00 | 0.043750 | 360 | 360 | 20120901 | |||
220 | 0.00 | 20120710 | 619000.00 | 0.042500 | 360 | 360 | 20120901 | |||
221 | 0.00 | 20120730 | 603600.00 | 0.042500 | 360 | 360 | 20120901 | |||
222 | 0.00 | 20120801 | 1095250.00 | 0.043750 | 360 | 360 | 20121001 | |||
223 | 0.00 | 20120817 | 656789.00 | 0.037500 | 360 | 360 | 20121001 | |||
224 | 0.00 | 20120817 | 655200.00 | 0.041250 | 360 | 360 | 20121001 | |||
225 | 0.00 | 20120828 | 922400.00 | 0.041250 | 360 | 360 | 20121101 | |||
226 | 0.00 | 20120709 | 712500.00 | 0.042500 | 360 | 360 | 20120901 | |||
227 | 0.00 | 20120712 | 639000.00 | 0.043750 | 360 | 360 | 20120901 | |||
228 | 0.00 | 20120816 | 1981700.00 | 0.038750 | 360 | 360 | 20121001 | |||
229 | 0.00 | 20120817 | 620000.00 | 0.042500 | 360 | 360 | 20121001 | |||
230 | 0.00 | 20120709 | 593000.00 | 0.041250 | 360 | 360 | 20120901 | |||
231 | 0.00 | 20120706 | 600000.00 | 0.041250 | 360 | 360 | 20120901 | |||
232 | 0.00 | 20120808 | 1138000.00 | 0.043750 | 360 | 360 | 20121001 | |||
233 | 0.00 | 20120824 | 523000.00 | 0.041250 | 360 | 360 | 20121001 | |||
234 | 0.00 | 20120822 | 614000.00 | 0.042500 | 360 | 360 | 20121001 | |||
235 | 0.00 | 20120719 | 702000.00 | 0.043750 | 360 | 360 | 20120901 | |||
236 | 0.00 | 20120702 | 646650.00 | 0.041250 | 360 | 360 | 20120801 | |||
237 | 0.00 | 20120705 | 810000.00 | 0.042500 | 360 | 360 | 20120901 | |||
238 | 0.00 | 20120720 | 944300.00 | 0.038750 | 360 | 360 | 20120901 | |||
239 | 0.00 | 20120810 | 543000.00 | 0.042500 | 360 | 360 | 20121001 | |||
240 | 0.00 | 20120720 | 611200.00 | 0.040000 | 360 | 360 | 20120901 | |||
241 | 0.00 | 20120814 | 532000.00 | 0.041250 | 360 | 360 | 20121001 | |||
242 | 0.00 | 20120827 | 656250.00 | 0.041250 | 360 | 360 | 20121001 | |||
243 | 0.00 | 20120822 | 600000.00 | 0.042500 | 360 | 360 | 20121001 | |||
244 | 0.00 | 20120723 | 1541250.00 | 0.043750 | 360 | 360 | 20120901 | |||
245 | 0.00 | 20120810 | 640000.00 | 0.042500 | 360 | 360 | 20121001 | |||
246 | 0.00 | 20120730 | 536000.00 | 0.043750 | 360 | 360 | 20120901 | |||
247 | 0.00 | 20120807 | 489000.00 | 0.040000 | 360 | 360 | 20121001 | |||
248 | 0.00 | 20120815 | 710000.00 | 0.041250 | 360 | 360 | 20121001 | |||
249 | 0.00 | 20120823 | 937500.00 | 0.043750 | 360 | 360 | 20121001 | |||
250 | 0.00 | 20120813 | 915000.00 | 0.040000 | 360 | 360 | 20121001 | |||
251 | 0.00 | 20120726 | 975000.00 | 0.040000 | 360 | 360 | 20120901 | |||
252 | 0.00 | 20120718 | 495300.00 | 0.040000 | 360 | 360 | 20120901 | |||
253 | 0.00 | 20120828 | 885000.00 | 0.038750 | 360 | 360 | 20121001 | |||
254 | 0.00 | 20120719 | 760000.00 | 0.042500 | 360 | 360 | 20120901 | |||
255 | 0.00 | 20120829 | 719000.00 | 0.043750 | 360 | 360 | 20121001 | |||
256 | 0.00 | 20120809 | 850000.00 | 0.043750 | 360 | 360 | 20121001 | |||
257 | 0.00 | 20120717 | 800000.00 | 0.042500 | 360 | 360 | 20120901 | |||
258 | 0.00 | 20120723 | 700000.00 | 0.045000 | 360 | 360 | 20120901 | |||
259 | 0.00 | 20120816 | 600000.00 | 0.040000 | 360 | 360 | 20121001 | |||
260 | 0.00 | 20120703 | 675000.00 | 0.038750 | 360 | 360 | 20120901 | |||
261 | 0.00 | 20120807 | 828000.00 | 0.040000 | 360 | 360 | 20121001 | |||
262 | 0.00 | 20120813 | 872000.00 | 0.040000 | 360 | 360 | 20121001 | |||
263 | 0.00 | 20120815 | 999000.00 | 0.040000 | 360 | 360 | 20121001 | |||
264 | 0.00 | 20120814 | 459400.00 | 0.042500 | 360 | 360 | 20121001 | |||
265 | 0.00 | 20120806 | 1000000.00 | 0.042500 | 360 | 360 | 20121001 | |||
266 | 0.00 | 20120827 | 565850.00 | 0.042500 | 360 | 360 | 20121001 | |||
267 | 0.00 | 20120816 | 598750.00 | 0.040000 | 360 | 360 | 20121001 | |||
268 | 0.00 | 20120824 | 556000.00 | 0.040000 | 360 | 360 | 20121001 | |||
269 | 150000.00 | 20120818 | 480959.00 | 0.040000 | 360 | 360 | 20121001 | |||
270 | 0.00 | 20120709 | 650000.00 | 0.041250 | 360 | 360 | 20120901 | |||
271 | 0.00 | 20120718 | 900000.00 | 0.042500 | 360 | 360 | 20120901 | |||
272 | 0.00 | 20120724 | 500000.00 | 0.041250 | 360 | 360 | 20120901 | |||
273 | 0.00 | 20120709 | 648800.00 | 0.043750 | 360 | 360 | 20120901 | |||
274 | 0.00 | 20120823 | 860000.00 | 0.040000 | 360 | 360 | 20121001 | |||
275 | 0.00 | 20120823 | 543750.00 | 0.042500 | 360 | 360 | 20121001 | |||
276 | 0.00 | 20120726 | 900000.00 | 0.040000 | 360 | 360 | 20120901 | |||
277 | 0.00 | 20120801 | 750000.00 | 0.041250 | 360 | 360 | 20121001 | |||
278 | 0.00 | 20120828 | 652000.00 | 0.040000 | 360 | 360 | 20121001 | |||
279 | 0.00 | 20120724 | 1076250.00 | 0.043750 | 360 | 360 | 20120901 | |||
280 | 0.00 | 20120831 | 559020.00 | 0.042500 | 360 | 360 | 20121001 | |||
281 | 0.00 | 20120724 | 680000.00 | 0.043750 | 360 | 360 | 20120901 | |||
282 | 0.00 | 20120720 | 692000.00 | 0.043750 | 360 | 360 | 20120901 | |||
283 | 0.00 | 20120904 | 2275000.00 | 0.038750 | 360 | 360 | 20121101 | |||
284 | 0.00 | 20120828 | 968000.00 | 0.042500 | 360 | 360 | 20121001 | |||
285 | 0.00 | 20120801 | 816600.00 | 0.041250 | 360 | 360 | 20121001 | |||
286 | 0.00 | 20120907 | 527000.00 | 0.040000 | 360 | 360 | 20121101 | |||
287 | 0.00 | 20120827 | 640800.00 | 0.041250 | 360 | 360 | 20121001 | |||
288 | 0.00 | 20120828 | 557250.00 | 0.041250 | 360 | 360 | 20121001 | |||
289 | 0.00 | 20120810 | 1500000.00 | 0.038750 | 360 | 360 | 20121001 | |||
290 | 0.00 | 20120830 | 576000.00 | 0.041250 | 360 | 360 | 20121101 | |||
291 | 0.00 | 20120906 | 573500.00 | 0.041250 | 360 | 360 | 20121101 | |||
292 | 0.00 | 20120906 | 1755000.00 | 0.041250 | 360 | 360 | 20121101 | |||
293 | 0.00 | 20120911 | 1000000.00 | 0.042500 | 360 | 360 | 20121101 | |||
294 | 0.00 | 20120810 | 656250.00 | 0.045000 | 360 | 360 | 20121001 | |||
295 | 0.00 | 20120829 | 990000.00 | 0.038750 | 360 | 360 | 20121001 | |||
296 | 0.00 | 20120824 | 1160000.00 | 0.042500 | 360 | 360 | 20121001 | |||
297 | 0.00 | 20120911 | 840000.00 | 0.042500 | 360 | 360 | 20121101 | |||
298 | 100000.00 | 20120830 | 707650.00 | 0.040000 | 360 | 360 | 20121101 | |||
299 | 0.00 | 20120823 | 688000.00 | 0.041250 | 360 | 360 | 20121001 | |||
300 | 0.00 | 20120711 | 984000.00 | 0.042500 | 360 | 360 | 20120901 | |||
301 | 0.00 | 20120802 | 738000.00 | 0.043750 | 360 | 360 | 20121001 | |||
302 | 0.00 | 20120828 | 950000.00 | 0.037500 | 360 | 360 | 20121101 |
31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | |
Interest
Type Indicator |
Original
Interest Only Term |
Buy Down Period | HELOC Draw Period | Current
Loan Amount |
Current
Interest Rate |
Current
Payment Amount Due |
Interest
Paid Through Date |
Current
Payment Status |
Index Type | |
1 | 1 | 0 | 0 | 860000.00 | 0.041250 | 4167.99 | 20120901 | 0 | 0 | |
2 | 1 | 0 | 0 | 560000.00 | 0.047500 | 2921.23 | 20120901 | 0 | 0 | |
3 | 1 | 0 | 0 | 469408.68 | 0.047500 | 2451.74 | 20120901 | 0 | 0 | |
4 | 1 | 0 | 0 | 1348097.86 | 0.041250 | 6542.77 | 20120901 | 0 | 0 | |
5 | 1 | 0 | 0 | 958706.86 | 0.043750 | 4793.14 | 20120901 | 0 | 0 | |
6 | 1 | 0 | 0 | 519299.55 | 0.043750 | 2596.28 | 20120901 | 0 | 0 | |
7 | 1 | 0 | 0 | 815874.39 | 0.042500 | 4019.15 | 20120901 | 0 | 0 | |
8 | 1 | 0 | 0 | 588750.00 | 0.042500 | 2896.30 | 20120901 | 0 | 0 | |
9 | 1 | 0 | 0 | 756500.00 | 0.041250 | 3666.38 | 20120901 | 0 | 0 | |
10 | 1 | 0 | 0 | 599191.79 | 0.043750 | 2995.71 | 20120901 | 0 | 0 | |
11 | 1 | 0 | 0 | 511294.60 | 0.042500 | 2518.73 | 20120901 | 0 | 0 | |
12 | 1 | 0 | 0 | 633905.57 | 0.041250 | 3076.56 | 20120901 | 0 | 0 | |
13 | 1 | 0 | 0 | 904723.45 | 0.041250 | 4390.93 | 20120901 | 0 | 0 | |
14 | 1 | 0 | 0 | 527920.00 | 0.041250 | 2558.56 | 20120901 | 0 | 0 | |
15 | 1 | 0 | 0 | 655594.99 | 0.041250 | 3181.73 | 20120901 | 0 | 0 | |
16 | 1 | 0 | 0 | 680036.69 | 0.038750 | 3202.50 | 20120901 | 0 | 0 | |
17 | 1 | 0 | 0 | 455371.75 | 0.042500 | 2243.25 | 20120901 | 0 | 0 | |
18 | 1 | 0 | 0 | 679041.88 | 0.041250 | 3295.62 | 20120901 | 0 | 0 | |
19 | 1 | 0 | 0 | 774478.78 | 0.045000 | 3929.34 | 20120901 | 0 | 0 | |
20 | 1 | 0 | 0 | 798897.81 | 0.042500 | 3935.52 | 20120901 | 0 | 0 | |
21 | 1 | 0 | 0 | 507300.00 | 0.043750 | 2532.87 | 20120901 | 0 | 0 | |
22 | 1 | 0 | 0 | 719030.15 | 0.043750 | 3594.85 | 20120901 | 0 | 0 | |
23 | 1 | 0 | 0 | 972247.74 | 0.041250 | 4725.33 | 20120901 | 0 | 0 | |
24 | 1 | 0 | 0 | 548980.43 | 0.042500 | 2708.13 | 20120901 | 0 | 0 | |
25 | 1 | 0 | 0 | 2177593.39 | 0.041250 | 10613.83 | 20120901 | 0 | 0 | |
26 | 1 | 0 | 0 | 788959.69 | 0.045000 | 4002.81 | 20120901 | 0 | 0 | |
27 | 1 | 0 | 0 | 653200.00 | 0.045000 | 3309.67 | 20120901 | 0 | 0 | |
28 | 1 | 0 | 0 | 587152.80 | 0.040000 | 2807.20 | 20120901 | 0 | 0 | |
29 | 1 | 0 | 0 | 975300.38 | 0.042500 | 4811.17 | 20120901 | 0 | 0 | |
30 | 1 | 0 | 0 | 1237791.69 | 0.047500 | 6481.47 | 20120901 | 0 | 0 | |
31 | 1 | 0 | 0 | 809758.60 | 0.042500 | 3994.55 | 20120901 | 0 | 0 | |
32 | 1 | 0 | 0 | 784000.00 | 0.045000 | 3972.41 | 20120901 | 0 | 0 | |
33 | 1 | 0 | 0 | 594198.52 | 0.043750 | 2970.75 | 20120901 | 0 | 0 | |
34 | 1 | 0 | 0 | 510446.90 | 0.038750 | 2403.85 | 20120901 | 0 | 0 | |
35 | 1 | 0 | 0 | 511310.33 | 0.043750 | 2556.34 | 20120901 | 0 | 0 | |
36 | 1 | 0 | 0 | 747929.74 | 0.042500 | 3689.55 | 20120901 | 0 | 0 | |
37 | 1 | 0 | 0 | 928689.63 | 0.041250 | 4507.24 | 20120901 | 0 | 0 | |
38 | 1 | 0 | 0 | 570000.00 | 0.041250 | 2762.50 | 20120901 | 0 | 0 | |
39 | 1 | 0 | 0 | 699035.59 | 0.042500 | 3443.58 | 20120901 | 0 | 0 | |
40 | 1 | 0 | 0 | 818895.44 | 0.043750 | 4094.14 | 20120901 | 0 | 0 | |
41 | 1 | 0 | 0 | 800000.00 | 0.040000 | 3819.32 | 20120901 | 0 | 0 | |
42 | 1 | 0 | 0 | 840000.00 | 0.041250 | 4071.06 | 20120901 | 0 | 0 | |
43 | 1 | 0 | 0 | 759728.04 | 0.041250 | 3687.22 | 20120901 | 0 | 0 | |
44 | 1 | 0 | 0 | 1000000.00 | 0.038750 | 4702.37 | 20120901 | 0 | 0 | |
45 | 1 | 0 | 0 | 667079.67 | 0.042500 | 3286.16 | 20120901 | 0 | 0 | |
46 | 1 | 0 | 0 | 740977.72 | 0.042500 | 3650.19 | 20120901 | 0 | 0 | |
47 | 1 | 0 | 0 | 529500.00 | 0.043750 | 2643.72 | 20120901 | 0 | 0 | |
48 | 1 | 0 | 0 | 443401.92 | 0.043750 | 2216.83 | 20120901 | 0 | 0 | |
49 | 1 | 0 | 0 | 474260.30 | 0.043750 | 2371.11 | 20120901 | 0 | 0 | |
50 | 1 | 0 | 0 | 633324.46 | 0.045000 | 3217.45 | 20120901 | 0 | 0 | |
51 | 1 | 0 | 0 | 470400.74 | 0.042500 | 2318.27 | 20120901 | 0 | 0 | |
52 | 1 | 0 | 0 | 930000.00 | 0.042500 | 4575.04 | 20120901 | 0 | 0 | |
53 | 1 | 0 | 0 | 898760.04 | 0.042500 | 4427.46 | 20120901 | 0 | 0 | |
54 | 1 | 0 | 0 | 960704.17 | 0.043750 | 4803.12 | 20120901 | 0 | 0 | |
55 | 1 | 0 | 0 | 704071.62 | 0.045000 | 3572.13 | 20120901 | 0 | 0 | |
56 | 1 | 0 | 0 | 572270.05 | 0.046250 | 2949.88 | 20120901 | 0 | 0 | |
57 | 1 | 0 | 0 | 895555.31 | 0.043750 | 4483.58 | 20120901 | 0 | 0 | |
58 | 1 | 0 | 0 | 569895.88 | 0.041250 | 2765.90 | 20120901 | 0 | 0 | |
59 | 1 | 0 | 0 | 1292046.32 | 0.045000 | 6555.24 | 20120901 | 0 | 0 | |
60 | 1 | 0 | 0 | 989572.14 | 0.040000 | 4731.19 | 20120901 | 0 | 0 | |
61 | 1 | 0 | 0 | 873794.49 | 0.042500 | 4304.47 | 20120901 | 0 | 0 | |
62 | 1 | 0 | 0 | 848802.36 | 0.041250 | 4119.52 | 20120901 | 0 | 0 | |
63 | 1 | 0 | 0 | 551289.45 | 0.046250 | 2838.05 | 20120901 | 0 | 0 | |
64 | 1 | 0 | 0 | 511278.59 | 0.041250 | 2481.41 | 20120901 | 0 | 0 | |
65 | 1 | 0 | 0 | 938675.54 | 0.041250 | 4555.71 | 20120901 | 0 | 0 | |
66 | 1 | 0 | 0 | 725000.00 | 0.046250 | 3727.51 | 20120901 | 0 | 0 | |
67 | 1 | 0 | 0 | 754958.43 | 0.042500 | 3719.07 | 20120901 | 0 | 0 | |
68 | 1 | 0 | 0 | 600000.00 | 0.038750 | 2821.42 | 20120901 | 0 | 0 | |
69 | 1 | 0 | 0 | 469000.00 | 0.045000 | 2376.35 | 20120901 | 0 | 0 | |
70 | 1 | 0 | 0 | 759021.71 | 0.046250 | 3907.46 | 20120901 | 0 | 0 | |
71 | 1 | 0 | 0 | 990000.00 | 0.040000 | 4726.41 | 20120901 | 0 | 0 | |
72 | 1 | 0 | 0 | 733987.37 | 0.042500 | 3615.76 | 20120901 | 0 | 0 | |
73 | 1 | 0 | 0 | 985000.00 | 0.046250 | 5064.27 | 20120901 | 0 | 0 | |
74 | 1 | 0 | 0 | 503055.96 | 0.042500 | 2478.15 | 20120901 | 0 | 0 | |
75 | 1 | 0 | 0 | 881727.75 | 0.040000 | 4215.58 | 20120901 | 0 | 0 | |
76 | 1 | 0 | 0 | 998526.80 | 0.038750 | 4702.37 | 20120901 | 0 | 0 | |
77 | 1 | 0 | 0 | 728000.00 | 0.042500 | 3581.32 | 20120901 | 0 | 0 | |
78 | 1 | 0 | 0 | 693750.00 | 0.045000 | 3515.13 | 20120901 | 0 | 0 | |
79 | 1 | 0 | 0 | 998622.27 | 0.042500 | 4919.40 | 20120901 | 0 | 0 | |
80 | 1 | 0 | 0 | 710000.00 | 0.042500 | 3492.77 | 20120901 | 0 | 0 | |
81 | 1 | 0 | 0 | 674027.45 | 0.040000 | 3222.55 | 20120901 | 0 | 0 | |
82 | 1 | 0 | 0 | 997500.00 | 0.045000 | 5054.19 | 20120901 | 0 | 0 | |
83 | 1 | 0 | 0 | 614133.46 | 0.041250 | 2980.60 | 20120901 | 0 | 0 | |
84 | 1 | 0 | 0 | 629170.38 | 0.045000 | 3192.12 | 20120901 | 0 | 0 | |
85 | 1 | 0 | 0 | 748966.70 | 0.042500 | 3689.55 | 20120901 | 0 | 0 | |
86 | 1 | 0 | 0 | 555267.83 | 0.045000 | 2817.17 | 20120901 | 0 | 0 | |
87 | 1 | 0 | 0 | 631148.89 | 0.043750 | 3155.48 | 20120901 | 0 | 0 | |
88 | 1 | 0 | 0 | 604000.00 | 0.045000 | 3060.38 | 20120901 | 0 | 0 | |
89 | 1 | 0 | 0 | 877570.90 | 0.042500 | 4329.07 | 20120901 | 0 | 0 | |
90 | 1 | 0 | 0 | 867159.00 | 0.041250 | 4202.68 | 20120901 | 0 | 0 | |
91 | 1 | 0 | 0 | 1013471.25 | 0.037500 | 4700.62 | 20120901 | 0 | 0 | |
92 | 1 | 0 | 0 | 558000.00 | 0.043750 | 2786.01 | 20120901 | 0 | 0 | |
93 | 1 | 0 | 0 | 720959.73 | 0.040000 | 3446.94 | 20120901 | 0 | 0 | |
94 | 1 | 0 | 0 | 792000.00 | 0.040000 | 3781.13 | 20120901 | 0 | 0 | |
95 | 1 | 0 | 0 | 804257.12 | 0.043750 | 4992.80 | 20120901 | 0 | 0 | |
96 | 1 | 0 | 0 | 857500.00 | 0.042500 | 4218.38 | 20120901 | 0 | 0 | |
97 | 1 | 0 | 0 | 1000000.00 | 0.043750 | 4992.85 | 20120901 | 0 | 0 | |
98 | 1 | 0 | 0 | 710000.00 | 0.045000 | 3597.47 | 20120901 | 0 | 0 | |
99 | 1 | 0 | 0 | 903753.15 | 0.042500 | 4452.06 | 20120901 | 0 | 0 | |
100 | 1 | 0 | 0 | 683880.71 | 0.042500 | 3369.79 | 20120901 | 0 | 0 | |
101 | 1 | 0 | 0 | 897459.44 | 0.041250 | 4361.85 | 20120901 | 0 | 0 | |
102 | 1 | 0 | 0 | 418000.00 | 0.040000 | 1995.60 | 20120901 | 0 | 0 | |
103 | 1 | 0 | 0 | 666250.00 | 0.042500 | 3277.55 | 20120901 | 0 | 0 | |
104 | 1 | 0 | 0 | 487811.71 | 0.041250 | 2367.51 | 20120901 | 0 | 0 | |
105 | 1 | 0 | 0 | 750000.00 | 0.042500 | 3689.55 | 20120901 | 0 | 0 | |
106 | 1 | 0 | 0 | 903753.15 | 0.042500 | 4452.06 | 20120901 | 0 | 0 | |
107 | 1 | 0 | 0 | 450000.00 | 0.042500 | 2213.73 | 20120901 | 0 | 0 | |
108 | 1 | 0 | 0 | 590000.00 | 0.041250 | 2859.43 | 20120901 | 0 | 0 | |
109 | 1 | 0 | 0 | 636621.69 | 0.042500 | 3136.12 | 20120901 | 0 | 0 | |
110 | 1 | 0 | 0 | 1232499.60 | 0.042500 | 6071.52 | 20120901 | 0 | 0 | |
111 | 1 | 0 | 0 | 890798.16 | 0.043750 | 4453.62 | 20120901 | 0 | 0 | |
112 | 1 | 0 | 0 | 801763.63 | 0.036250 | 3662.09 | 20120901 | 0 | 0 | |
113 | 1 | 0 | 0 | 518000.00 | 0.045000 | 2624.63 | 20120901 | 0 | 0 | |
114 | 1 | 0 | 0 | 509297.35 | 0.042500 | 2508.89 | 20120901 | 0 | 0 | |
115 | 1 | 0 | 0 | 866680.53 | 0.043750 | 4332.55 | 20120901 | 0 | 0 | |
116 | 1 | 0 | 0 | 736000.00 | 0.043750 | 3674.74 | 20120901 | 0 | 0 | |
117 | 1 | 0 | 0 | 815848.85 | 0.041250 | 3959.59 | 20120901 | 0 | 0 | |
118 | 1 | 0 | 0 | 676973.20 | 0.040000 | 3236.64 | 20120901 | 0 | 0 | |
119 | 1 | 0 | 0 | 804000.00 | 0.041250 | 3896.58 | 20120901 | 0 | 0 | |
120 | 1 | 0 | 0 | 1218281.02 | 0.041250 | 5912.73 | 20120901 | 0 | 0 | |
121 | 1 | 0 | 0 | 570000.00 | 0.043750 | 2845.93 | 20120901 | 0 | 0 | |
122 | 1 | 0 | 0 | 667079.67 | 0.042500 | 3286.16 | 20120901 | 0 | 0 | |
123 | 1 | 0 | 0 | 674005.58 | 0.038750 | 3174.10 | 20120901 | 0 | 0 | |
124 | 1 | 0 | 0 | 677044.70 | 0.041250 | 3285.93 | 20120901 | 0 | 0 | |
125 | 1 | 0 | 0 | 656000.00 | 0.042500 | 3227.13 | 20120901 | 0 | 0 | |
126 | 1 | 0 | 0 | 772000.00 | 0.042500 | 3797.78 | 20120901 | 0 | 0 | |
127 | 1 | 0 | 0 | 780000.00 | 0.043750 | 3894.43 | 20120901 | 0 | 0 | |
128 | 1 | 0 | 0 | 791857.42 | 0.040000 | 3785.90 | 20120901 | 0 | 0 | |
129 | 1 | 0 | 0 | 1092000.00 | 0.043750 | 5452.20 | 20120901 | 0 | 0 | |
130 | 1 | 0 | 0 | 759997.87 | 0.045000 | 3855.88 | 20120901 | 0 | 0 | |
131 | 1 | 0 | 0 | 594161.64 | 0.041250 | 2883.67 | 20120901 | 0 | 0 | |
132 | 1 | 0 | 0 | 806412.28 | 0.043750 | 4031.73 | 20120901 | 0 | 0 | |
133 | 1 | 0 | 0 | 560191.70 | 0.040000 | 2678.30 | 20120901 | 0 | 0 | |
134 | 1 | 0 | 0 | 577435.24 | 0.041250 | 2802.49 | 20120901 | 0 | 0 | |
135 | 1 | 0 | 0 | 563222.96 | 0.042500 | 2774.54 | 20120901 | 0 | 0 | |
136 | 1 | 0 | 0 | 702430.90 | 0.042500 | 3460.31 | 20120901 | 0 | 0 | |
137 | 1 | 0 | 0 | 986576.47 | 0.040000 | 4716.86 | 20120901 | 0 | 0 | |
138 | 1 | 0 | 0 | 1097416.54 | 0.040000 | 5246.79 | 20120901 | 0 | 0 | |
139 | 1 | 0 | 0 | 772933.64 | 0.042500 | 3807.61 | 20120901 | 0 | 0 | |
140 | 1 | 0 | 0 | 580000.00 | 0.043750 | 2895.85 | 20120901 | 0 | 0 | |
141 | 1 | 0 | 0 | 649063.47 | 0.040000 | 3103.20 | 20120901 | 0 | 0 | |
142 | 1 | 0 | 0 | 897961.15 | 0.042500 | 4423.52 | 20120901 | 0 | 0 | |
143 | 1 | 0 | 0 | 746422.99 | 0.040000 | 3568.68 | 20120901 | 0 | 0 | |
144 | 1 | 0 | 0 | 700000.00 | 0.041250 | 3392.55 | 20120901 | 0 | 0 | |
145 | 1 | 0 | 0 | 589929.63 | 0.038750 | 2778.16 | 20120901 | 0 | 0 | |
146 | 1 | 0 | 0 | 693081.56 | 0.042500 | 3418.98 | 20120901 | 0 | 0 | |
147 | 1 | 0 | 0 | 778925.37 | 0.042500 | 3837.13 | 20120901 | 0 | 0 | |
148 | 1 | 0 | 0 | 509297.36 | 0.042500 | 2508.89 | 20120901 | 0 | 0 | |
149 | 1 | 0 | 0 | 996242.42 | 0.042500 | 4914.48 | 20120901 | 0 | 0 | |
150 | 1 | 0 | 0 | 543649.96 | 0.042500 | 2678.12 | 20120901 | 0 | 0 | |
151 | 1 | 0 | 0 | 810000.00 | 0.042500 | 3984.71 | 20120901 | 0 | 0 | |
152 | 1 | 0 | 0 | 998526.80 | 0.038750 | 4702.37 | 20120901 | 0 | 0 | |
153 | 1 | 0 | 0 | 640760.00 | 0.043750 | 3199.22 | 20120901 | 0 | 0 | |
154 | 1 | 0 | 0 | 843735.82 | 0.042500 | 4156.89 | 20120901 | 0 | 0 | |
155 | 1 | 0 | 0 | 1000000.00 | 0.040000 | 4774.15 | 20120901 | 0 | 0 | |
156 | 1 | 0 | 0 | 980000.00 | 0.038750 | 4608.32 | 20120901 | 0 | 0 | |
157 | 1 | 0 | 0 | 918000.00 | 0.042500 | 4516.01 | 20120901 | 0 | 0 | |
158 | 1 | 0 | 0 | 691000.00 | 0.038750 | 3249.34 | 20120901 | 0 | 0 | |
159 | 1 | 0 | 0 | 712000.00 | 0.040000 | 3399.20 | 20120901 | 0 | 0 | |
160 | 1 | 0 | 0 | 940000.00 | 0.040000 | 4487.70 | 20120901 | 0 | 0 | |
161 | 1 | 0 | 0 | 720000.00 | 0.040000 | 3437.39 | 20120901 | 0 | 0 | |
162 | 1 | 0 | 0 | 1000000.00 | 0.042500 | 4919.40 | 20120901 | 0 | 0 | |
163 | 1 | 0 | 0 | 617000.00 | 0.043750 | 3080.59 | 20120901 | 0 | 0 | |
164 | 1 | 0 | 0 | 1547766.73 | 0.040000 | 7399.94 | 20120901 | 0 | 0 | |
165 | 1 | 0 | 0 | 1063450.00 | 0.043750 | 5309.65 | 20120901 | 0 | 0 | |
166 | 1 | 0 | 0 | 564000.00 | 0.045000 | 2857.71 | 20120901 | 0 | 0 | |
167 | 1 | 0 | 0 | 549000.00 | 0.043750 | 2741.08 | 20120901 | 0 | 0 | |
168 | 1 | 0 | 0 | 798896.58 | 0.045000 | 4053.23 | 20120901 | 0 | 0 | |
169 | 1 | 0 | 0 | 774355.52 | 0.043750 | 3871.46 | 20120901 | 0 | 0 | |
170 | 1 | 0 | 0 | 649063.47 | 0.040000 | 3103.20 | 20120901 | 0 | 0 | |
171 | 1 | 0 | 0 | 988636.05 | 0.042500 | 4870.20 | 20120901 | 0 | 0 | |
172 | 1 | 0 | 0 | 625000.00 | 0.041250 | 3029.06 | 20120901 | 0 | 0 | |
173 | 1 | 0 | 0 | 1065000.00 | 0.040000 | 5084.47 | 20120901 | 0 | 0 | |
174 | 1 | 0 | 0 | 607500.00 | 0.042500 | 2988.53 | 20120901 | 0 | 0 | |
175 | 1 | 0 | 0 | 959845.68 | 0.041250 | 4658.45 | 20120901 | 0 | 0 | |
176 | 1 | 0 | 0 | 648255.64 | 0.042500 | 3193.43 | 20120901 | 0 | 0 | |
177 | 1 | 0 | 0 | 857000.00 | 0.043750 | 4278.87 | 20120901 | 0 | 0 | |
178 | 1 | 0 | 0 | 1500000.00 | 0.038750 | 7053.56 | 20120901 | 0 | 0 | |
179 | 1 | 0 | 0 | 789860.32 | 0.040000 | 3776.35 | 20120901 | 0 | 0 | |
180 | 1 | 0 | 0 | 592000.00 | 0.045000 | 2999.58 | 20120901 | 0 | 0 | |
181 | 1 | 0 | 0 | 1398950.14 | 0.045000 | 7126.02 | 20120901 | 0 | 0 | |
182 | 1 | 0 | 0 | 756000.00 | 0.041250 | 3663.95 | 20120901 | 0 | 0 | |
183 | 1 | 0 | 0 | 484285.50 | 0.038750 | 2280.65 | 20120901 | 0 | 0 | |
184 | 1 | 0 | 0 | 918674.45 | 0.040000 | 4392.22 | 20120901 | 0 | 0 | |
185 | 1 | 0 | 0 | 559137.78 | 0.036250 | 2553.89 | 20120901 | 0 | 0 | |
186 | 1 | 0 | 0 | 1260000.00 | 0.043750 | 6290.99 | 20120901 | 0 | 0 | |
187 | 1 | 0 | 0 | 573191.24 | 0.041250 | 2781.89 | 20120901 | 0 | 0 | |
188 | 1 | 0 | 0 | 956809.42 | 0.043750 | 4783.65 | 20120901 | 0 | 0 | |
189 | 1 | 0 | 0 | 699035.59 | 0.042500 | 3443.58 | 20120901 | 0 | 0 | |
190 | 1 | 0 | 0 | 818818.52 | 0.040000 | 3914.81 | 20120901 | 0 | 0 | |
191 | 1 | 0 | 0 | 779792.54 | 0.041250 | 3789.96 | 20120901 | 0 | 0 | |
192 | 1 | 0 | 0 | 948691.15 | 0.042500 | 4673.43 | 20120901 | 0 | 0 | |
193 | 1 | 0 | 0 | 803890.93 | 0.042500 | 3960.12 | 20120901 | 0 | 0 | |
194 | 1 | 0 | 0 | 748966.70 | 0.042500 | 3689.55 | 20120901 | 0 | 0 | |
195 | 1 | 0 | 0 | 1068492.38 | 0.041250 | 5185.75 | 20120901 | 0 | 0 | |
196 | 1 | 0 | 0 | 900250.00 | 0.042500 | 4428.69 | 20120901 | 0 | 0 | |
197 | 1 | 0 | 0 | 766000.00 | 0.043750 | 3824.53 | 20120901 | 0 | 0 | |
198 | 1 | 0 | 0 | 971718.70 | 0.045000 | 4930.05 | 20120901 | 0 | 0 | |
199 | 1 | 0 | 0 | 698110.73 | 0.043750 | 3495.00 | 20120901 | 0 | 0 | |
200 | 1 | 0 | 0 | 721461.73 | 0.037500 | 3346.24 | 20120901 | 0 | 0 | |
201 | 1 | 0 | 0 | 605500.00 | 0.043750 | 3789.96 | 20120901 | 0 | 0 | |
202 | 1 | 0 | 0 | 569714.00 | 0.042500 | 2806.52 | 20120901 | 0 | 0 | |
203 | 1 | 0 | 0 | 608000.00 | 0.042500 | 2990.99 | 20120901 | 0 | 0 | |
204 | 1 | 0 | 0 | 759927.76 | 0.041250 | 3688.18 | 20120901 | 0 | 0 | |
205 | 1 | 0 | 0 | 941622.90 | 0.043750 | 4707.73 | 20120901 | 0 | 0 | |
206 | 1 | 0 | 0 | 880000.00 | 0.042500 | 4329.07 | 20120901 | 0 | 0 | |
207 | 1 | 0 | 0 | 840000.00 | 0.042500 | 4132.30 | 20120901 | 0 | 0 | |
208 | 1 | 0 | 0 | 698000.00 | 0.042500 | 3433.74 | 20120901 | 0 | 0 | |
209 | 1 | 0 | 0 | 920000.00 | 0.037500 | 4260.66 | 20120901 | 0 | 0 | |
210 | 1 | 0 | 0 | 1295000.00 | 0.042500 | 6370.62 | 20120901 | 0 | 0 | |
211 | 1 | 0 | 0 | 798922.38 | 0.043750 | 3994.28 | 20120901 | 0 | 0 | |
212 | 1 | 0 | 0 | 842863.11 | 0.043750 | 4213.97 | 20120901 | 0 | 0 | |
213 | 1 | 0 | 0 | 1000000.00 | 0.042500 | 4919.40 | 20120901 | 0 | 0 | |
214 | 1 | 0 | 0 | 489324.91 | 0.042500 | 2410.51 | 20120901 | 0 | 0 | |
215 | 1 | 0 | 0 | 774930.87 | 0.042500 | 3817.45 | 20120901 | 0 | 0 | |
216 | 1 | 0 | 0 | 759200.00 | 0.041250 | 3679.46 | 20120901 | 0 | 0 | |
217 | 1 | 0 | 0 | 1125750.00 | 0.041250 | 5455.94 | 20120901 | 0 | 0 | |
218 | 1 | 0 | 0 | 509297.36 | 0.042500 | 2508.89 | 20120901 | 0 | 0 | |
219 | 1 | 0 | 0 | 927748.62 | 0.043750 | 4638.36 | 20120901 | 0 | 0 | |
220 | 1 | 0 | 0 | 618147.18 | 0.042500 | 3045.11 | 20120901 | 0 | 0 | |
221 | 1 | 0 | 0 | 602768.40 | 0.042500 | 2969.35 | 20120901 | 0 | 0 | |
222 | 1 | 0 | 0 | 1093774.68 | 0.043750 | 5468.42 | 20120901 | 0 | 0 | |
223 | 1 | 0 | 0 | 655799.77 | 0.037500 | 3041.69 | 20120901 | 0 | 0 | |
224 | 1 | 0 | 0 | 654276.82 | 0.041250 | 3175.43 | 20120901 | 0 | 0 | |
225 | 1 | 0 | 0 | 922400.00 | 0.041250 | 4470.41 | 20120901 | 0 | 0 | |
226 | 1 | 0 | 0 | 712500.00 | 0.042500 | 3505.07 | 20120901 | 0 | 0 | |
227 | 1 | 0 | 0 | 638139.26 | 0.043750 | 3190.43 | 20120901 | 0 | 0 | |
228 | 1 | 0 | 0 | 1977983.57 | 0.038750 | 9318.69 | 20120901 | 0 | 0 | |
229 | 1 | 0 | 0 | 619145.80 | 0.042500 | 3050.03 | 20120901 | 0 | 0 | |
230 | 1 | 0 | 0 | 593000.00 | 0.041250 | 2873.97 | 20120901 | 0 | 0 | |
231 | 1 | 0 | 0 | 599154.60 | 0.041250 | 2907.90 | 20120901 | 0 | 0 | |
232 | 1 | 0 | 0 | 1138000.00 | 0.043750 | 5681.87 | 20120901 | 0 | 0 | |
233 | 1 | 0 | 0 | 522263.09 | 0.041250 | 2534.72 | 20120901 | 0 | 0 | |
234 | 1 | 0 | 0 | 614000.00 | 0.042500 | 3020.51 | 20120901 | 0 | 0 | |
235 | 1 | 0 | 0 | 702000.00 | 0.043750 | 3504.98 | 20120901 | 0 | 0 | |
236 | 1 | 0 | 0 | 644082.51 | 0.041250 | 3133.99 | 20120901 | 0 | 0 | |
237 | 1 | 0 | 0 | 808884.04 | 0.042500 | 3984.71 | 20120901 | 0 | 0 | |
238 | 1 | 0 | 0 | 942908.85 | 0.038750 | 4440.45 | 20120901 | 0 | 0 | |
239 | 1 | 0 | 0 | 542251.90 | 0.042500 | 2671.23 | 20120901 | 0 | 0 | |
240 | 1 | 0 | 0 | 610319.37 | 0.040000 | 2917.96 | 20120901 | 0 | 0 | |
241 | 1 | 0 | 0 | 532000.00 | 0.041250 | 2578.34 | 20120901 | 0 | 0 | |
242 | 1 | 0 | 0 | 655325.35 | 0.041250 | 3180.51 | 20120901 | 0 | 0 | |
243 | 1 | 0 | 0 | 599173.36 | 0.042500 | 2951.64 | 20120901 | 0 | 0 | |
244 | 1 | 0 | 0 | 1539173.91 | 0.043750 | 7695.23 | 20120901 | 0 | 0 | |
245 | 1 | 0 | 0 | 640000.00 | 0.042500 | 3148.42 | 20120901 | 0 | 0 | |
246 | 1 | 0 | 0 | 535278.00 | 0.043750 | 2676.17 | 20120901 | 0 | 0 | |
247 | 1 | 0 | 0 | 489000.00 | 0.040000 | 2334.56 | 20120901 | 0 | 0 | |
248 | 1 | 0 | 0 | 710000.00 | 0.041250 | 3441.01 | 20120901 | 0 | 0 | |
249 | 1 | 0 | 0 | 936237.17 | 0.043750 | 4680.80 | 20120901 | 0 | 0 | |
250 | 1 | 0 | 0 | 915000.00 | 0.040000 | 4368.35 | 20120901 | 0 | 0 | |
251 | 1 | 0 | 0 | 973595.20 | 0.040000 | 4654.80 | 20120901 | 0 | 0 | |
252 | 1 | 0 | 0 | 493870.34 | 0.040000 | 2364.64 | 20120901 | 0 | 0 | |
253 | 1 | 0 | 0 | 883696.21 | 0.038750 | 4161.60 | 20120901 | 0 | 0 | |
254 | 1 | 0 | 0 | 758952.93 | 0.042500 | 3738.74 | 20120901 | 0 | 0 | |
255 | 1 | 0 | 0 | 718031.49 | 0.043750 | 3589.86 | 20120901 | 0 | 0 | |
256 | 1 | 0 | 0 | 850000.00 | 0.043750 | 4243.92 | 20120901 | 0 | 0 | |
257 | 1 | 0 | 0 | 798833.33 | 0.042500 | 3935.52 | 20120901 | 0 | 0 | |
258 | 1 | 0 | 0 | 699078.20 | 0.045000 | 3546.80 | 20120901 | 0 | 0 | |
259 | 1 | 0 | 0 | 599135.51 | 0.040000 | 2864.49 | 20120901 | 0 | 0 | |
260 | 1 | 0 | 0 | 674005.59 | 0.038750 | 3174.10 | 20120901 | 0 | 0 | |
261 | 1 | 0 | 0 | 828000.00 | 0.040000 | 3953.00 | 20120901 | 0 | 0 | |
262 | 1 | 0 | 0 | 872000.00 | 0.040000 | 4163.06 | 20120901 | 0 | 0 | |
263 | 1 | 0 | 0 | 999000.00 | 0.040000 | 4769.38 | 20120901 | 0 | 0 | |
264 | 1 | 0 | 0 | 459400.00 | 0.042500 | 2259.97 | 20120901 | 0 | 0 | |
265 | 1 | 0 | 0 | 1000000.00 | 0.042500 | 4919.40 | 20120901 | 0 | 0 | |
266 | 1 | 0 | 0 | 565070.41 | 0.042500 | 2783.64 | 20120901 | 0 | 0 | |
267 | 1 | 0 | 0 | 598750.00 | 0.040000 | 2858.52 | 20120901 | 0 | 0 | |
268 | 1 | 0 | 0 | 555198.90 | 0.040000 | 2654.43 | 20120901 | 0 | 0 | |
269 | 1 | 0 | 0 | 480266.03 | 0.040000 | 2296.17 | 20120901 | 0 | 0 | |
270 | 1 | 0 | 0 | 649084.16 | 0.041250 | 3150.22 | 20120901 | 0 | 0 | |
271 | 1 | 0 | 0 | 893406.17 | 0.042500 | 4427.46 | 20120901 | 0 | 0 | |
272 | 1 | 0 | 0 | 499295.50 | 0.041250 | 2423.25 | 20120901 | 0 | 0 | |
273 | 1 | 0 | 0 | 648800.00 | 0.043750 | 3239.36 | 20120901 | 0 | 0 | |
274 | 1 | 0 | 0 | 860000.00 | 0.040000 | 4105.77 | 20120901 | 0 | 0 | |
275 | 1 | 0 | 0 | 543000.86 | 0.042500 | 2674.92 | 20120901 | 0 | 0 | |
276 | 1 | 0 | 0 | 897402.20 | 0.040000 | 4296.74 | 20120901 | 0 | 0 | |
277 | 1 | 0 | 0 | 750000.00 | 0.041250 | 3634.87 | 20120901 | 0 | 0 | |
278 | 1 | 0 | 0 | 651060.58 | 0.040000 | 3112.75 | 20120901 | 0 | 0 | |
279 | 1 | 0 | 0 | 1074800.27 | 0.043750 | 5373.56 | 20120901 | 0 | 0 | |
280 | 1 | 0 | 0 | 558249.81 | 0.042500 | 2750.04 | 20120901 | 0 | 0 | |
281 | 1 | 0 | 0 | 679084.03 | 0.043750 | 3395.14 | 20120901 | 0 | 0 | |
282 | 1 | 0 | 0 | 691067.87 | 0.043750 | 3455.05 | 20120901 | 0 | 0 | |
283 | 1 | 0 | 0 | 2275000.00 | 0.038750 | 10697.89 | 20120901 | 0 | 0 | |
284 | 1 | 0 | 0 | 966666.35 | 0.042500 | 4761.98 | 20120901 | 0 | 0 | |
285 | 1 | 0 | 0 | 815449.41 | 0.041250 | 3957.65 | 20120901 | 0 | 0 | |
286 | 1 | 0 | 0 | 527000.00 | 0.040000 | 2515.98 | 20120901 | 0 | 0 | |
287 | 1 | 0 | 0 | 639897.11 | 0.041250 | 3105.64 | 20120901 | 0 | 0 | |
288 | 1 | 0 | 0 | 557250.00 | 0.041250 | 2700.71 | 20120901 | 0 | 0 | |
289 | 1 | 0 | 0 | 1500000.00 | 0.038750 | 7053.56 | 20120901 | 0 | 0 | |
290 | 1 | 0 | 0 | 576000.00 | 0.041250 | 2791.58 | 20120901 | 0 | 0 | |
291 | 1 | 0 | 0 | 573500.00 | 0.041250 | 2779.47 | 20120901 | 0 | 0 | |
292 | 1 | 0 | 0 | 1755000.00 | 0.041250 | 8505.60 | 20120901 | 0 | 0 | |
293 | 1 | 0 | 0 | 1000000.00 | 0.042500 | 4919.40 | 20120901 | 0 | 0 | |
294 | 1 | 0 | 0 | 656250.00 | 0.045000 | 3325.12 | 20120901 | 0 | 0 | |
295 | 1 | 0 | 0 | 990000.00 | 0.038750 | 4655.35 | 20120901 | 0 | 0 | |
296 | 1 | 0 | 0 | 1158401.83 | 0.042500 | 5706.50 | 20120901 | 0 | 0 | |
297 | 1 | 0 | 0 | 840000.00 | 0.042500 | 4132.30 | 20120901 | 0 | 0 | |
298 | 1 | 0 | 0 | 707650.00 | 0.040000 | 3378.43 | 20120901 | 0 | 0 | |
299 | 1 | 0 | 0 | 687030.61 | 0.041250 | 3334.39 | 20120901 | 0 | 0 | |
300 | 1 | 0 | 0 | 984000.00 | 0.042500 | 4840.69 | 20120901 | 0 | 0 | |
301 | 1 | 0 | 0 | 738000.00 | 0.043750 | 3684.73 | 20120901 | 0 | 0 | |
302 | 1 | 0 | 0 | 950000.00 | 0.037500 | 4399.60 | 20120901 | 0 | 0 |
41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | |
ARM Look-back Days |
Gross Margin | ARM Round Flag | ARM Round Factor | Initial Fixed Rate Period |
Initial Interest Rate Cap (Change Up) |
Initial Interest Rate Cap (Change Down) |
Subsequent Interest Rate Reset Period |
Subsequent Interest Rate Cap (Change Down) |
Subsequent Interest Rate Cap (Change Up) | |
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51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | |
Lifetime
Maximum Rate (Ceiling) |
Lifetime
Minimum Rate (Floor) |
Negative Amortization Limit |
Initial
Negative Amortization Recast Period |
Subsequent Negative Amortization Recast Period |
Initial
Fixed Payment Period |
Subsequent Payment Reset Period |
Initial
Periodic Payment Cap |
Subsequent Periodic Payment Cap |
Initial
Minimum Payment Reset Period | |
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61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | |
Subsequent Minimum Payment Reset Period |
Option
ARM Indicator |
Options at Recast | Initial
Minimum Payment |
Current
Minimum Payment |
Prepayment
Penalty Calculation |
Prepayment
Penalty Type |
Prepayment
Penalty Total Term |
Prepayment
Penalty Hard Term |
Primary Borrower ID | |
1 | 0 | |||||||||
2 | 0 | |||||||||
3 | 0 | |||||||||
4 | 0 | |||||||||
5 | 0 | |||||||||
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105 | 0 | |||||||||
106 | 0 | |||||||||
107 | 0 | |||||||||
108 | 0 | |||||||||
109 | 0 | 152 | ||||||||
110 | 0 | |||||||||
111 | 0 | |||||||||
112 | 0 | |||||||||
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125 | 0 | |||||||||
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127 | 0 | |||||||||
128 | 0 | |||||||||
129 | 0 | |||||||||
130 | 0 | |||||||||
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132 | 0 | |||||||||
133 | 0 | |||||||||
134 | 0 | |||||||||
135 | 0 | |||||||||
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137 | 0 | |||||||||
138 | 0 | |||||||||
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140 | 0 | |||||||||
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144 | 0 | |||||||||
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148 | 0 | |||||||||
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160 | 0 | |||||||||
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176 | 0 | |||||||||
177 | 0 | |||||||||
178 | 0 | |||||||||
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180 | 0 | |||||||||
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182 | 0 | |||||||||
183 | 0 | |||||||||
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186 | 0 | |||||||||
187 | 0 | |||||||||
188 | 0 | |||||||||
189 | 0 | |||||||||
190 | 0 | |||||||||
191 | 0 | |||||||||
192 | 0 | |||||||||
193 | 0 | 318 | ||||||||
194 | 0 | |||||||||
195 | 0 | |||||||||
196 | 0 | |||||||||
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198 | 0 | |||||||||
199 | 0 | |||||||||
200 | 0 | |||||||||
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210 | 0 | |||||||||
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212 | 0 | |||||||||
213 | 0 | |||||||||
214 | 0 | |||||||||
215 | 0 | |||||||||
216 | 0 | |||||||||
217 | 0 | |||||||||
218 | 0 | |||||||||
219 | 0 | |||||||||
220 | 0 | |||||||||
221 | 0 | |||||||||
222 | 0 | |||||||||
223 | 0 | |||||||||
224 | 0 | |||||||||
225 | 0 | |||||||||
226 | 0 | |||||||||
227 | 0 | |||||||||
228 | 0 | |||||||||
229 | 0 | |||||||||
230 | 0 | |||||||||
231 | 0 | |||||||||
232 | 0 | |||||||||
233 | 0 | |||||||||
234 | 0 | |||||||||
235 | 0 | |||||||||
236 | 0 | |||||||||
237 | 0 | |||||||||
238 | 0 | |||||||||
239 | 0 | |||||||||
240 | 0 | |||||||||
241 | 0 | |||||||||
242 | 0 | |||||||||
243 | 0 | |||||||||
244 | 0 | |||||||||
245 | 0 | |||||||||
246 | 0 | |||||||||
247 | 0 | |||||||||
248 | 0 | |||||||||
249 | 0 | |||||||||
250 | 0 | |||||||||
251 | 0 | |||||||||
252 | 0 | |||||||||
253 | 0 | |||||||||
254 | 0 | |||||||||
255 | 0 | |||||||||
256 | 0 | |||||||||
257 | 0 | |||||||||
258 | 0 | |||||||||
259 | 0 | |||||||||
260 | 0 | |||||||||
261 | 0 | |||||||||
262 | 0 | |||||||||
263 | 0 | |||||||||
264 | 0 | |||||||||
265 | 0 | |||||||||
266 | 0 | |||||||||
267 | 0 | |||||||||
268 | 0 | |||||||||
269 | 0 | |||||||||
270 | 0 | |||||||||
271 | 0 | |||||||||
272 | 0 | |||||||||
273 | 0 | |||||||||
274 | 0 | |||||||||
275 | 0 | |||||||||
276 | 0 | |||||||||
277 | 0 | |||||||||
278 | 0 | |||||||||
279 | 0 | |||||||||
280 | 0 | |||||||||
281 | 0 | |||||||||
282 | 0 | |||||||||
283 | 0 | |||||||||
284 | 0 | |||||||||
285 | 0 | |||||||||
286 | 0 | |||||||||
287 | 0 | |||||||||
288 | 0 | |||||||||
289 | 0 | |||||||||
290 | 0 | |||||||||
291 | 0 | |||||||||
292 | 0 | |||||||||
293 | 0 | |||||||||
294 | 0 | |||||||||
295 | 0 | |||||||||
296 | 0 | |||||||||
297 | 0 | |||||||||
298 | 0 | |||||||||
299 | 0 | |||||||||
300 | 0 | |||||||||
301 | 0 | |||||||||
302 | 0 |
71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | |
Number of Mortgaged Properties |
Total Number of Borrowers |
Self-employment Flag |
Current ‘Other’ Monthly Payment |
Length of Employment: Borrower |
Length of Employment: Co- Borrower |
Years in Home | FICO Model Used | Most Recent FICO Date |
Primary Wage Earner Original FICO: Equifax | |
1 | 1 | 0 | 2 | 1.5 | 0 | 1 | ||||
2 | 2 | 1 | 19 | 19 | 0 | 1 | ||||
3 | 1 | 0 | 4 | 2 | 17 | 1 | ||||
4 | 1 | 0 | 21 | 0 | 1 | |||||
5 | 1 | 1 | 35 | 0 | 1 | |||||
6 | 1 | 0 | 17 | 8 | 1 | |||||
7 | 1 | 0 | 9 | 6 | 1 | |||||
8 | 3 | 1 | 4.5 | 0 | 1 | |||||
9 | 2 | 1 | 28 | 2 | 1 | |||||
10 | 2 | 0 | 1.5 | 0 | 1 | |||||
11 | 3 | 0 | 4 | 12 | 0 | 1 | ||||
12 | 1 | 0 | 10 | 4 | 1 | 1 | ||||
13 | 1 | 1 | 20.25 | 27.25 | 7 | 1 | ||||
14 | 1 | 1 | 4 | 10 | 0 | 1 | ||||
15 | 2 | 0 | 5 | 1 | 1 | |||||
16 | 2 | 1 | 3 | 0 | 1 | |||||
17 | 1 | 0 | 11.5 | 13 | 7.7 | 1 | ||||
18 | 1 | 0 | 5.25 | 12 | 0 | 1 | ||||
19 | 1 | 1 | 2 | 28 | 12 | 1 | ||||
20 | 1 | 1 | 8 | 6.5 | 1 | |||||
21 | 1 | 0 | 14 | 9 | 1 | |||||
22 | 1 | 0 | 3.5 | 0 | 3 | 1 | ||||
23 | 2 | 0 | 17.2 | 0 | 6 | 1 | ||||
24 | 3 | 0 | 6 | 7 | 0 | 1 | ||||
25 | 2 | 0 | 11.6 | 0 | 0 | 1 | ||||
26 | 2 | 0 | 4.3 | 0 | 1 | 1 | ||||
27 | 1 | 0 | 1.7 | 0 | 0 | 1 | ||||
28 | 2 | 0 | 1 | 0 | 0 | 1 | ||||
29 | 1 | 0 | 25 | 0 | 14 | 1 | ||||
30 | 1 | 0 | 11.6 | 0 | 2.1 | 1 | ||||
31 | 1 | 0 | 16 | 6 | 1 | |||||
32 | 2 | 1 | 6 | 4.75 | 1 | |||||
33 | 1 | 0 | 6.75 | 7 | 1 | |||||
34 | 1 | 0 | 6.5 | 5.5 | 0 | 1 | ||||
35 | 1 | 0 | 12 | 0.25 | 0 | 1 | ||||
36 | 1 | 0 | 21 | 5.5 | 3 | 1 | ||||
37 | 1 | 0 | 7 | 1 | 1 | |||||
38 | 2 | 1 | 13 | 10 | 2 | 1 | ||||
39 | 1 | 0 | 10.5 | 2.25 | 0 | 1 | ||||
40 | 2 | 0 | 4.25 | 3.5 | 0 | 1 | ||||
41 | 2 | 0 | 7 | 6 | 0 | 1 | ||||
42 | 1 | 1 | 5 | 2.25 | 0 | 1 | ||||
43 | 2 | 0 | 10 | 0 | 1 | |||||
44 | 1 | 0 | 1 | 0 | 1 | |||||
45 | 1 | 0 | 5.5 | 0 | 1 | |||||
46 | 2 | 1 | 10 | 10 | 0 | 1 | ||||
47 | 1 | 0 | 3 | 16 | 1 | |||||
48 | 1 | 0 | 8.25 | 0 | 1 | |||||
49 | 1 | 0 | 4.25 | 5.25 | 6 | 1 | ||||
50 | 1 | 1 | 2 | 15 | 1 | |||||
51 | 1 | 0 | 19.25 | 10 | 1 | |||||
52 | 2 | 0 | 0.25 | 3 | 1 | |||||
53 | 1 | 0 | 2 | 0.5 | 7 | 1 | ||||
54 | 1 | 1 | 14 | 0 | 1 | |||||
55 | 2 | 1 | 18 | 0 | 1 | |||||
56 | 2 | 1 | 4 | 0 | 0 | 1 | ||||
57 | 1 | 0 | 22 | 0 | 7 | 1 | ||||
58 | 1 | 1 | 14.25 | 5 | 1 | |||||
59 | 3 | 0 | 5 | 5 | 0 | 1 | ||||
60 | 1 | 1 | 9 | 9 | 1 | |||||
61 | 1 | 0 | 2.5 | 0 | 1 | |||||
62 | 1 | 0 | 3 | 3 | 0 | 1 | ||||
63 | 3 | 0 | 24 | 0 | 0 | 1 | ||||
64 | 2 | 0 | 20 | 10 | 0 | 1 | ||||
65 | 1 | 0 | 15 | 15 | 0 | 1 | ||||
66 | 2 | 1 | 25 | 1 | 1 | |||||
67 | 1 | 0 | 5 | 11 | 7 | 1 | ||||
68 | 2 | 0 | 5.75 | 4.75 | 0 | 1 | ||||
69 | 1 | 1 | 18 | 16 | 1 | |||||
70 | 2 | 1 | 8 | 8 | 16 | 1 | ||||
71 | 1 | 0 | 28.5 | 4 | 1 | |||||
72 | 1 | 1 | 29 | 2 | 0 | 1 | ||||
73 | 2 | 1 | 6 | 2 | 1 | |||||
74 | 1 | 0 | 3.25 | 2 | 1 | |||||
75 | 2 | 0 | 17 | 5.5 | 1 | |||||
76 | 1 | 0 | 6 | 12 | 1 | |||||
77 | 3 | 0 | 0.25 | 15 | 2 | 1 | ||||
78 | 1 | 0 | 6 | 0 | 0 | 1 | ||||
79 | 1 | 1 | 19 | 11 | 1 | |||||
80 | 1 | 0 | 6 | 4 | 1 | |||||
81 | 3 | 0 | 12 | 0 | 1 | |||||
82 | 1 | 0 | 12.75 | 7 | 0 | 1 | ||||
83 | 1 | 0 | 0 | 2.5 | 1 | |||||
84 | 1 | 1 | 32 | 0 | 1 | |||||
85 | 1 | 0 | 2 | 5 | 2 | 1 | ||||
86 | 2 | 0 | 0.75 | 0 | 1 | |||||
87 | 1 | 0 | 4 | 10.75 | 0 | 1 | ||||
88 | 1 | 0 | 11 | 7 | 0 | 1 | ||||
89 | 4 | 1 | 0 | 18 | 0 | 1 | ||||
90 | 1 | 0 | 4 | 3 | 1 | |||||
91 | 2 | 0 | 0 | 0 | 1 | |||||
92 | 1 | 1 | 2.5 | 2 | 2.5 | 1 | ||||
93 | 1 | 0 | 12.75 | 16 | 19 | 1 | ||||
94 | 2 | 0 | 18 | 0 | 1 | |||||
95 | 2 | 1 | 22 | 0 | 1 | |||||
96 | 2 | 1 | 10 | 0 | 0 | 1 | ||||
97 | 3 | 1 | 22 | 0 | 1 | |||||
98 | 1 | 0 | 0.25 | 4 | 1 | |||||
99 | 1 | 1 | 15 | 2.25 | 1 | |||||
100 | 1 | 0 | 6 | 12 | 1 | |||||
101 | 1 | 1 | 28 | 7 | 0 | 1 | ||||
102 | 1 | 0 | 0 | 8 | 1 | |||||
103 | 3 | 0 | 22.5 | 0 | 1 | |||||
104 | 1 | 0 | 0 | 4 | 1 | |||||
105 | 1 | 0 | 0 | 0 | 1 | |||||
106 | 2 | 0 | 0 | 2 | 1 | |||||
107 | 1 | 0 | 4 | 7 | 1 | |||||
108 | 1 | 0 | 7 | 6 | 1 | |||||
109 | 2 | 1 | 25 | 0 | 0 | 1 | ||||
110 | 1 | 1 | 36.25 | 36.25 | 12 | 1 | ||||
111 | 1 | 0 | 9 | 5 | 1 | |||||
112 | 1 | 0 | 9.75 | 1 | 1 | |||||
113 | 1 | 1 | 25.25 | 12 | 1 | |||||
114 | 1 | 0 | 4.25 | 7 | 1 | |||||
115 | 3 | 0 | 7.25 | 27 | 0 | 1 | ||||
116 | 1 | 0 | 27 | 12 | 1 | |||||
117 | 1 | 0 | 3.25 | 21.75 | 9 | 1 | ||||
118 | 1 | 0 | 23.25 | 15.25 | 7 | 1 | ||||
119 | 2 | 0 | 13 | 0 | 1 | |||||
120 | 1 | 0 | 27 | 5 | 1 | |||||
121 | 1 | 1 | 2.25 | 0.75 | 1 | |||||
122 | 2 | 1 | 6 | 8 | 5 | 1 | ||||
123 | 1 | 1 | 14 | 10 | 4 | 1 | ||||
124 | 1 | 0 | 0 | 14 | 1 | |||||
125 | 2 | 0 | 2.5 | 8 | 0 | 1 | ||||
126 | 2 | 1 | 7 | 6 | 0 | 1 | ||||
127 | 1 | 0 | 18.5 | 0 | 1 | |||||
128 | 2 | 0 | 13 | 1.25 | 0 | 1 | ||||
129 | 1 | 0 | 26 | 25 | 7 | 1 | ||||
130 | 1 | 1 | 18 | 17 | 1 | |||||
131 | 1 | 1 | 0 | 0 | 1 | |||||
132 | 2 | 0 | 0.4 | 6 | 1 | |||||
133 | 4 | 1 | 5 | 0 | 1 | |||||
134 | 1 | 0 | 17 | 11 | 1 | |||||
135 | 2 | 0 | 4 | 0 | 1 | |||||
136 | 1 | 0 | 3 | 2 | 7 | 1 | ||||
137 | 1 | 0 | 14 | 1.25 | 1 | |||||
138 | 2 | 0 | 0 | 0 | 1 | |||||
139 | 1 | 0 | 27 | 14 | 20 | 1 | ||||
140 | 1 | 1 | 3 | 0 | 1 | |||||
141 | 1 | 0 | 18.5 | 0 | 1 | |||||
142 | 1 | 1 | 7.5 | 1 | 1 | |||||
143 | 1 | 0 | 1 | 2 | 1 | |||||
144 | 2 | 0 | 14 | 6 | 0 | 1 | ||||
145 | 2 | 0 | 2.25 | 7.75 | 0 | 1 | ||||
146 | 1 | 0 | 21 | 0 | 1 | |||||
147 | 2 | 0 | 4 | 1 | 1 | 1 | ||||
148 | 1 | 0 | 0.5 | 0 | 1 | |||||
149 | 2 | 1 | 15 | 1 | 1 | |||||
150 | 1 | 0 | 12 | 6 | 1 | |||||
151 | 2 | 1 | 10.25 | 0 | 1 | |||||
152 | 1 | 0 | 2 | 6 | 0 | 1 | ||||
153 | 1 | 0 | 0.75 | 6 | 1 | |||||
154 | 1 | 0 | 6 | 2 | 1 | |||||
155 | 1 | 0 | 11 | 0 | 5 | 1 | ||||
156 | 1 | 0 | 11.5 | 11.5 | 1 | |||||
157 | 1 | 0 | 4 | 10 | 5 | 1 | ||||
158 | 1 | 1 | 14 | 30 | 1 | |||||
159 | 1 | 0 | 2.5 | 10 | 1 | |||||
160 | 1 | 0 | 13 | 3 | 1 | |||||
161 | 2 | 0 | 0 | 4 | 2.5 | 1 | ||||
162 | 2 | 0 | 8 | 7 | 1 | |||||
163 | 2 | 0 | 0 | 0 | 0 | 1 | ||||
164 | 3 | 0 | 15 | 14 | 2 | 1 | ||||
165 | 2 | 0 | 2.25 | 5.5 | 1 | 1 | ||||
166 | 1 | 0 | 17 | 0 | 1 | |||||
167 | 2 | 0 | 1.5 | 0 | 1 | |||||
168 | 2 | 0 | 2 | 0 | 1 | |||||
169 | 1 | 0 | 7.75 | 0 | 1 | |||||
170 | 2 | 1 | 15 | 0 | 1 | |||||
171 | 1 | 0 | 5 | 0 | 1 | |||||
172 | 1 | 1 | 25 | 6 | 1 | |||||
173 | 1 | 1 | 30 | 2 | 1 | 1 | ||||
174 | 1 | 1 | 10 | 3 | 0 | 1 | ||||
175 | 1 | 0 | 12 | 12 | 4 | 1 | ||||
176 | 1 | 0 | 8 | 2 | 1 | |||||
177 | 2 | 1 | 15 | 3 | 1 | |||||
178 | 2 | 1 | 25 | 0 | 1 | |||||
179 | 2 | 1 | 15 | 15 | 6 | 1 | ||||
180 | 1 | 0 | 13 | 0.25 | 1 | |||||
181 | 2 | 0 | 12 | 7 | 1 | 9/25/2012 | ||||
182 | 2 | 0 | 10 | 0 | 1 | |||||
183 | 1 | 0 | 16.5 | 0 | 1 | |||||
184 | 1 | 0 | 14.5 | 0 | 1 | |||||
185 | 1 | 0 | 6 | 0 | 1 | |||||
186 | 1 | 1 | 25 | 19 | 1 | |||||
187 | 3 | 0 | 3.75 | 0.5 | 2.25 | 1 | ||||
188 | 1 | 1 | 12 | 5 | 1 | |||||
189 | 3 | 1 | 5 | 0 | 1 | |||||
190 | 2 | 0 | 8.25 | 0 | 1 | |||||
191 | 1 | 1 | 17 | 17 | 7 | 1 | ||||
192 | 2 | 0 | 13 | 0 | 1 | |||||
193 | 2 | 1 | 20 | 0 | 1 | |||||
194 | 3 | 0 | 2 | 0 | 1 | |||||
195 | 1 | 0 | 0 | 4.75 | 7 | 1 | ||||
196 | 1 | 0 | 3 | 2.5 | 0 | 1 | ||||
197 | 1 | 0 | 9.25 | 11.75 | 0 | 1 | ||||
198 | 1 | 1 | 3 | 8.5 | 8 | 1 | ||||
199 | 3 | 1 | 17 | 0.25 | 1 | |||||
200 | 1 | 0 | 0.25 | 0 | 1 | |||||
201 | 3 | 0 | 4 | 4 | 6 | 1 | ||||
202 | 1 | 0 | 2.5 | 0 | 1 | |||||
203 | 2 | 0 | 4.25 | 2 | 0 | 1 | ||||
204 | 1 | 0 | 0 | 8 | 5 | 1 | ||||
205 | 1 | 0 | 4 | 2 | 1 | |||||
206 | 1 | 1 | 10 | 17 | 1 | |||||
207 | 1 | 1 | 15 | 4 | 10 | 1 | ||||
208 | 1 | 0 | 2 | 8 | 1 | |||||
209 | 2 | 0 | 1 | 6.5 | 5 | 1 | ||||
210 | 1 | 1 | 5.5 | 5 | 5 | 1 | ||||
211 | 1 | 0 | 5 | 5 | 1 | |||||
212 | 1 | 0 | 8 | 0 | 1 | |||||
213 | 1 | 0 | 24 | 20 | 1 | |||||
214 | 2 | 0 | 5 | 0 | 1 | |||||
215 | 4 | 0 | 14 | 0 | 1 | |||||
216 | 1 | 1 | 13 | 5 | 0 | 1 | ||||
217 | 2 | 1 | 7 | 2 | 0 | 1 | ||||
218 | 2 | 0 | 4 | 0 | 1 | |||||
219 | 1 | 0 | 10 | 1 | 1 | |||||
220 | 1 | 1 | 14 | 3 | 1 | |||||
221 | 1 | 0 | 0 | 20 | 12 | 1 | ||||
222 | 3 | 0 | 3 | 2 | 0 | 1 | ||||
223 | 2 | 1 | 17 | 8 | 1 | |||||
224 | 2 | 0 | 0 | 0 | 1 | |||||
225 | 2 | 0 | 6.5 | 0.25 | 0 | 1 | ||||
226 | 1 | 0 | 0.25 | 15.5 | 0 | 1 | ||||
227 | 1 | 0 | 0 | 3 | 2 | 1 | ||||
228 | 1 | 0 | 13.75 | 14 | 1 | |||||
229 | 2 | 0 | 13 | 12 | 6 | 1 | ||||
230 | 1 | 1 | 7 | 3.75 | 1 | |||||
231 | 1 | 0 | 5 | 5 | 0 | 1 | ||||
232 | 1 | 0 | 24.25 | 10 | 1 | |||||
233 | 1 | 0 | 13 | 6 | 1 | |||||
234 | 1 | 0 | 21 | 0 | 1 | |||||
235 | 4 | 0 | 12 | 7 | 1 | |||||
236 | 1 | 0 | 16.75 | 2 | 1 | |||||
237 | 3 | 0 | 13 | 0 | 1 | |||||
238 | 1 | 0 | 15 | 6 | 1 | |||||
239 | 1 | 0 | 14 | 1 | 1 | |||||
240 | 1 | 0 | 2 | 3 | 0 | 1 | ||||
241 | 2 | 0 | 16 | 6 | 0 | 1 | ||||
242 | 1 | 1 | 4.5 | 0 | 1 | |||||
243 | 1 | 0 | 5 | 5 | 1 | |||||
244 | 1 | 0 | 5.75 | 1 | 1 | |||||
245 | 2 | 0 | 13.5 | 0 | 1 | |||||
246 | 2 | 0 | 2 | 2 | 1 | |||||
247 | 1 | 0 | 0.5 | 3 | 3 | 1 | ||||
248 | 1 | 1 | 19 | 1.25 | 1 | |||||
249 | 4 | 1 | 5.5 | 4 | 1 | |||||
250 | 1 | 0 | 2 | 2 | 1 | |||||
251 | 1 | 0 | 4 | 10 | 9 | 1 | ||||
252 | 1 | 1 | 10.5 | 5 | 1 | |||||
253 | 1 | 0 | 8 | 5 | 0 | 1 | ||||
254 | 1 | 0 | 16.75 | 0 | 1 | |||||
255 | 1 | 1 | 10 | 7.75 | 1 | |||||
256 | 2 | 1 | 6 | 0 | 1 | |||||
257 | 1 | 0 | 3.5 | 0 | 1 | |||||
258 | 1 | 0 | 0.5 | 0 | 1 | |||||
259 | 1 | 0 | 32 | 8 | 0 | 1 | ||||
260 | 2 | 0 | 3 | 0 | 1 | |||||
261 | 1 | 0 | 0.5 | 0 | 1 | |||||
262 | 2 | 0 | 15 | 0 | 1 | |||||
263 | 1 | 0 | 0 | 0 | 1 | |||||
264 | 1 | 0 | 0 | 17 | 1 | |||||
265 | 4 | 0 | 13.25 | 0 | 1 | |||||
266 | 1 | 0 | 25.5 | 4.5 | 1 | |||||
267 | 1 | 0 | 32 | 0.75 | 4 | 1 | ||||
268 | 1 | 0 | 6 | 0 | 1 | |||||
269 | 1 | 0 | 0 | 9 | 1 | |||||
270 | 2 | 1 | 10 | 0 | 1 | |||||
271 | 1 | 1 | 7 | 5 | 1 | |||||
272 | 1 | 0 | 6.75 | 9.25 | 1 | |||||
273 | 2 | 0 | 0 | 0 | 1 | |||||
274 | 2 | 0 | 14 | 2 | 0 | 1 | ||||
275 | 1 | 1 | 3 | 0 | 1 | |||||
276 | 1 | 1 | 15 | 0 | 1 | |||||
277 | 1 | 1 | 11 | 12 | 1 | |||||
278 | 2 | 0 | 3 | 1 | 0 | 1 | ||||
279 | 1 | 0 | 3 | 0 | 1 | |||||
280 | 2 | 0 | 25 | 0.5 | 1 | |||||
281 | 1 | 0 | 1 | 0 | 1 | |||||
282 | 2 | 1 | 5 | 0 | 1 | |||||
283 | 2 | 0 | 12 | 0 | 1 | |||||
284 | 2 | 0 | 2 | 0 | 1 | |||||
285 | 2 | 0 | 4.6 | 0 | 0 | 1 | ||||
286 | 1 | 0 | 5 | 4.75 | 1 | |||||
287 | 1 | 1 | 2.5 | 8 | 5 | 1 | ||||
288 | 1 | 0 | 2.75 | 0 | 1 | |||||
289 | 2 | 0 | 5 | 0 | 1 | |||||
290 | 1 | 0 | 28 | 5 | 1 | |||||
291 | 2 | 0 | 28 | 26 | 8 | 1 | ||||
292 | 1 | 0 | 10 | 1.75 | 1 | |||||
293 | 1 | 0 | 5 | 3.5 | 1 | |||||
294 | 3 | 1 | 27 | 20 | 0 | 1 | ||||
295 | 2 | 1 | 3 | 1.5 | 1 | |||||
296 | 3 | 0 | 1 | 1.75 | 0 | 1 | ||||
297 | 1 | 1 | 25 | 25 | 5 | 1 | ||||
298 | 1 | 0 | 4 | 2 | 9 | 1 | ||||
299 | 1 | 0 | 11.5 | 6 | 1 | |||||
300 | 1 | 1 | 17 | 1 | 1 | |||||
301 | 1 | 0 | 28 | 1.5 | 1 | |||||
302 | 1 | 0 | 12 | 14 | 2 | 1 |
81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
Primary
Wage Earner Original FICO: Experian |
Primary
Wage Earner Original FICO: TransUnion |
Secondary
Wage Earner Original FICO: Equifax |
Secondary
Wage Earner Original FICO: Experian |
Secondary
Wage Earner Original FICO: TransUnion |
Original Primary Borrower FICO |
Most
Recent Primary Borrower FICO |
Most
Recent Co- Borrower FICO |
Most
Recent FICO Method |
VantageScore: Primary Borrower | |
1 | 797 | |||||||||
2 | 723 | |||||||||
3 | 820 | |||||||||
4 | 790 | |||||||||
5 | 740 | |||||||||
6 | 799 | |||||||||
7 | 754 | |||||||||
8 | 767 | |||||||||
9 | 783 | |||||||||
10 | 790 | |||||||||
11 | 769 | |||||||||
12 | 767 | |||||||||
13 | 770 | |||||||||
14 | 807 | |||||||||
15 | 790 | |||||||||
16 | 808 | |||||||||
17 | 784 | |||||||||
18 | 730 | |||||||||
19 | 798 | |||||||||
20 | 783 | |||||||||
21 | 766 | |||||||||
22 | 740 | |||||||||
23 | 785 | |||||||||
24 | 794 | |||||||||
25 | 801 | |||||||||
26 | 798 | |||||||||
27 | 804 | |||||||||
28 | 804 | |||||||||
29 | 796 | |||||||||
30 | 738 | |||||||||
31 | 772 | |||||||||
32 | 755 | |||||||||
33 | 777 | |||||||||
34 | 802 | |||||||||
35 | 734 | |||||||||
36 | 768 | |||||||||
37 | 702 | |||||||||
38 | 805 | |||||||||
39 | 768 | |||||||||
40 | 775 | |||||||||
41 | 732 | |||||||||
42 | 769 | |||||||||
43 | 769 | |||||||||
44 | 764 | |||||||||
45 | 748 | |||||||||
46 | 719 | |||||||||
47 | 774 | |||||||||
48 | 761 | |||||||||
49 | 777 | |||||||||
50 | 766 | |||||||||
51 | 763 | |||||||||
52 | 767 | |||||||||
53 | 756 | |||||||||
54 | 775 | |||||||||
55 | 756 | |||||||||
56 | 729 | |||||||||
57 | 745 | |||||||||
58 | 799 | |||||||||
59 | 767 | |||||||||
60 | 755 | |||||||||
61 | 788 | |||||||||
62 | 788 | |||||||||
63 | 781 | |||||||||
64 | 779 | |||||||||
65 | 800 | |||||||||
66 | 737 | |||||||||
67 | 784 | |||||||||
68 | 778 | |||||||||
69 | 799 | |||||||||
70 | 756 | |||||||||
71 | 804 | |||||||||
72 | 770 | |||||||||
73 | 778 | |||||||||
74 | 727 | |||||||||
75 | 792 | |||||||||
76 | 784 | |||||||||
77 | 776 | |||||||||
78 | 796 | |||||||||
79 | 789 | |||||||||
80 | 804 | |||||||||
81 | 772 | |||||||||
82 | 795 | |||||||||
83 | 797 | |||||||||
84 | 776 | |||||||||
85 | 761 | |||||||||
86 | 732 | |||||||||
87 | 769 | |||||||||
88 | 764 | |||||||||
89 | 769 | |||||||||
90 | 778 | |||||||||
91 | 790 | |||||||||
92 | 809 | |||||||||
93 | 782 | |||||||||
94 | 782 | |||||||||
95 | 776 | |||||||||
96 | 778 | |||||||||
97 | 765 | |||||||||
98 | 786 | |||||||||
99 | 774 | |||||||||
100 | 797 | |||||||||
101 | 798 | |||||||||
102 | 796 | |||||||||
103 | 713 | |||||||||
104 | 745 | |||||||||
105 | 701 | |||||||||
106 | 774 | |||||||||
107 | 785 | |||||||||
108 | 799 | |||||||||
109 | 783 | |||||||||
110 | 764 | |||||||||
111 | 782 | |||||||||
112 | 785 | |||||||||
113 | 754 | |||||||||
114 | 747 | |||||||||
115 | 784 | |||||||||
116 | 744 | |||||||||
117 | 755 | |||||||||
118 | 733 | |||||||||
119 | 799 | |||||||||
120 | 782 | |||||||||
121 | 771 | |||||||||
122 | 784 | |||||||||
123 | 793 | |||||||||
124 | 794 | |||||||||
125 | 771 | |||||||||
126 | 729 | |||||||||
127 | 803 | |||||||||
128 | 760 | |||||||||
129 | 794 | |||||||||
130 | 785 | |||||||||
131 | 791 | |||||||||
132 | 728 | |||||||||
133 | 727 | |||||||||
134 | 775 | |||||||||
135 | 820 | |||||||||
136 | 783 | |||||||||
137 | 770 | |||||||||
138 | 700 | |||||||||
139 | 756 | |||||||||
140 | 760 | |||||||||
141 | 787 | |||||||||
142 | 766 | |||||||||
143 | 774 | |||||||||
144 | 749 | |||||||||
145 | 780 | |||||||||
146 | 707 | |||||||||
147 | 787 | |||||||||
148 | 799 | |||||||||
149 | 786 | |||||||||
150 | 789 | |||||||||
151 | 735 | |||||||||
152 | 785 | |||||||||
153 | 722 | |||||||||
154 | 723 | |||||||||
155 | 801 | |||||||||
156 | 761 | |||||||||
157 | 774 | |||||||||
158 | 732 | |||||||||
159 | 706 | |||||||||
160 | 770 | |||||||||
161 | 796 | |||||||||
162 | 793 | |||||||||
163 | 731 | |||||||||
164 | 760 | |||||||||
165 | 744 | |||||||||
166 | 812 | |||||||||
167 | 757 | |||||||||
168 | 786 | |||||||||
169 | 748 | |||||||||
170 | 706 | |||||||||
171 | 779 | |||||||||
172 | 751 | |||||||||
173 | 789 | |||||||||
174 | 766 | |||||||||
175 | 785 | |||||||||
176 | 754 | |||||||||
177 | 718 | |||||||||
178 | 785 | |||||||||
179 | 781 | |||||||||
180 | 717 | |||||||||
181 | 789 | 793 | ||||||||
182 | 789 | |||||||||
183 | 795 | |||||||||
184 | 803 | |||||||||
185 | 800 | |||||||||
186 | 741 | |||||||||
187 | 762 | |||||||||
188 | 741 | |||||||||
189 | 774 | |||||||||
190 | 788 | |||||||||
191 | 715 | |||||||||
192 | 766 | |||||||||
193 | 799 | |||||||||
194 | 802 | |||||||||
195 | 788 | |||||||||
196 | 714 | |||||||||
197 | 788 | |||||||||
198 | 742 | |||||||||
199 | 718 | |||||||||
200 | 751 | |||||||||
201 | 773 | |||||||||
202 | 807 | |||||||||
203 | 792 | |||||||||
204 | 779 | |||||||||
205 | 751 | |||||||||
206 | 718 | |||||||||
207 | 766 | |||||||||
208 | 763 | |||||||||
209 | 785 | |||||||||
210 | 782 | |||||||||
211 | 783 | |||||||||
212 | 772 | |||||||||
213 | 803 | |||||||||
214 | 776 | |||||||||
215 | 770 | |||||||||
216 | 796 | |||||||||
217 | 764 | |||||||||
218 | 788 | |||||||||
219 | 790 | |||||||||
220 | 794 | |||||||||
221 | 799 | |||||||||
222 | 773 | |||||||||
223 | 779 | |||||||||
224 | 807 | |||||||||
225 | 797 | |||||||||
226 | 724 | |||||||||
227 | 799 | |||||||||
228 | 730 | |||||||||
229 | 790 | |||||||||
230 | 760 | |||||||||
231 | 784 | |||||||||
232 | 743 | |||||||||
233 | 778 | |||||||||
234 | 746 | |||||||||
235 | 763 | |||||||||
236 | 775 | |||||||||
237 | 798 | |||||||||
238 | 764 | |||||||||
239 | 793 | |||||||||
240 | 760 | |||||||||
241 | 776 | |||||||||
242 | 753 | |||||||||
243 | 789 | |||||||||
244 | 753 | |||||||||
245 | 787 | |||||||||
246 | 726 | |||||||||
247 | 702 | |||||||||
248 | 805 | |||||||||
249 | 703 | |||||||||
250 | 805 | |||||||||
251 | 728 | |||||||||
252 | 776 | |||||||||
253 | 782 | |||||||||
254 | 778 | |||||||||
255 | 775 | |||||||||
256 | 804 | |||||||||
257 | 778 | |||||||||
258 | 726 | |||||||||
259 | 782 | |||||||||
260 | 718 | |||||||||
261 | 790 | |||||||||
262 | 758 | |||||||||
263 | 715 | |||||||||
264 | 800 | |||||||||
265 | 772 | |||||||||
266 | 820 | |||||||||
267 | 789 | |||||||||
268 | 788 | |||||||||
269 | 745 | |||||||||
270 | 758 | |||||||||
271 | 722 | |||||||||
272 | 741 | |||||||||
273 | 764 | |||||||||
274 | 799 | |||||||||
275 | 720 | |||||||||
276 | 747 | |||||||||
277 | 777 | |||||||||
278 | 774 | |||||||||
279 | 752 | |||||||||
280 | 776 | |||||||||
281 | 786 | |||||||||
282 | 753 | |||||||||
283 | 781 | |||||||||
284 | 723 | |||||||||
285 | 797 | |||||||||
286 | 781 | |||||||||
287 | 776 | |||||||||
288 | 796 | |||||||||
289 | 776 | |||||||||
290 | 730 | |||||||||
291 | 776 | |||||||||
292 | 720 | |||||||||
293 | 722 | |||||||||
294 | 733 | |||||||||
295 | 774 | |||||||||
296 | 727 | |||||||||
297 | 784 | |||||||||
298 | 769 | |||||||||
299 | 782 | |||||||||
300 | 788 | #N/A | ||||||||
301 | 793 | #N/A | ||||||||
302 | 738 | #N/A |
91 | 92 | 93 | 94 | 95 | 96 | 97 | 98 | 99 | 100 | |
VantageScore:
Co- Borrower |
Most
Recent VantageScore Method |
VantageScore Date | Credit
Report: Longest Trade Line |
Credit
Report: Maximum Trade Line |
Credit
Report: Number of Trade Lines |
Credit
Line Usage Ratio |
Most
Recent 12- month Pay History |
Months Bankruptcy | Months Foreclosure | |
1 | 000000000000 | |||||||||
2 | 000000000000 | |||||||||
3 | 000000000000 | |||||||||
4 | 000000000000 | |||||||||
5 | 000000000000 | |||||||||
6 | 000000000000 | |||||||||
7 | 000000000000 | |||||||||
8 | 000000000000 | |||||||||
9 | 000000000000 | |||||||||
10 | 000000000000 | |||||||||
11 | 000000000000 | |||||||||
12 | 000000000000 | |||||||||
13 | 000000000000 | |||||||||
14 | 000000000000 | |||||||||
15 | 000000000000 | |||||||||
16 | 000000000000 | |||||||||
17 | 000000000000 | |||||||||
18 | 000000000000 | |||||||||
19 | 000000000000 | |||||||||
20 | 000000000000 | |||||||||
21 | 000000000000 | |||||||||
22 | 000000000000 | |||||||||
23 | 000000000000 | |||||||||
24 | 000000000000 | |||||||||
25 | 000000000000 | |||||||||
26 | 000000000000 | |||||||||
27 | 000000000000 | |||||||||
28 | 000000000000 | |||||||||
29 | 000000000000 | |||||||||
30 | 000000000000 | |||||||||
31 | 000000000000 | |||||||||
32 | 000000000000 | |||||||||
33 | 000000000000 | |||||||||
34 | 000000000000 | |||||||||
35 | 000000000000 | |||||||||
36 | 000000000000 | |||||||||
37 | 000000000000 | |||||||||
38 | 000000000000 | |||||||||
39 | 000000000000 | |||||||||
40 | 000000000000 | |||||||||
41 | 000000000000 | |||||||||
42 | 000000000000 | |||||||||
43 | 000000000000 | |||||||||
44 | 000000000000 | |||||||||
45 | 000000000000 | |||||||||
46 | 000000000000 | |||||||||
47 | 000000000000 | |||||||||
48 | 000000000000 | |||||||||
49 | 000000000000 | |||||||||
50 | 000000000000 | |||||||||
51 | 000000000000 | |||||||||
52 | 000000000000 | |||||||||
53 | 000000000000 | |||||||||
54 | 000000000000 | |||||||||
55 | 000000000000 | |||||||||
56 | 000000000000 | |||||||||
57 | 000000000000 | |||||||||
58 | 000000000000 | |||||||||
59 | 000000000000 | |||||||||
60 | 000000000000 | |||||||||
61 | 000000000000 | |||||||||
62 | 000000000000 | |||||||||
63 | 000000000000 | |||||||||
64 | 000000000000 | |||||||||
65 | 000000000000 | |||||||||
66 | 000000000000 | |||||||||
67 | 000000000000 | |||||||||
68 | 000000000000 | |||||||||
69 | 000000000000 | |||||||||
70 | 000000000000 | |||||||||
71 | 000000000000 | |||||||||
72 | 000000000000 | |||||||||
73 | 000000000000 | |||||||||
74 | 000000000000 | |||||||||
75 | 000000000000 | |||||||||
76 | 000000000000 | |||||||||
77 | 000000000000 | |||||||||
78 | 000000000000 | |||||||||
79 | 000000000000 | |||||||||
80 | 000000000000 | |||||||||
81 | 000000000000 | |||||||||
82 | 000000000000 | |||||||||
83 | 000000000000 | |||||||||
84 | 000000000000 | |||||||||
85 | 000000000000 | |||||||||
86 | 000000000000 | |||||||||
87 | 000000000000 | |||||||||
88 | 000000000000 | |||||||||
89 | 000000000000 | |||||||||
90 | 000000000000 | |||||||||
91 | 000000000000 | |||||||||
92 | 000000000000 | |||||||||
93 | 000000000000 | |||||||||
94 | 000000000000 | |||||||||
95 | 000000000000 | |||||||||
96 | 000000000000 | |||||||||
97 | 000000000000 | |||||||||
98 | 000000000000 | |||||||||
99 | 000000000000 | |||||||||
100 | 000000000000 | |||||||||
101 | 000000000000 | |||||||||
102 | 000000000000 | |||||||||
103 | 000000000000 | |||||||||
104 | 000000000000 | |||||||||
105 | 000000000000 | |||||||||
106 | 000000000000 | |||||||||
107 | 000000000000 | |||||||||
108 | 000000000000 | |||||||||
109 | 000000000000 | |||||||||
110 | 000000000000 | |||||||||
111 | 000000000000 | |||||||||
112 | 000000000000 | |||||||||
113 | 000000000000 | |||||||||
114 | 000000000000 | |||||||||
115 | 000000000000 | |||||||||
116 | 000000000000 | |||||||||
117 | 000000000000 | |||||||||
118 | 000000000000 | |||||||||
119 | 000000000000 | |||||||||
120 | 000000000000 | |||||||||
121 | 000000000000 | |||||||||
122 | 000000000000 | |||||||||
123 | 000000000000 | |||||||||
124 | 000000000000 | |||||||||
125 | 000000000000 | |||||||||
126 | 000000000000 | |||||||||
127 | 000000000000 | |||||||||
128 | 000000000000 | |||||||||
129 | 000000000000 | |||||||||
130 | 000000000000 | |||||||||
131 | 000000000000 | |||||||||
132 | 000000000000 | |||||||||
133 | 000000000000 | |||||||||
134 | 000000000000 | |||||||||
135 | 000000000000 | |||||||||
136 | 000000000000 | |||||||||
137 | 000000000000 | |||||||||
138 | 000000000000 | |||||||||
139 | 000000000000 | |||||||||
140 | 000000000000 | |||||||||
141 | 000000000000 | |||||||||
142 | 000000000000 | |||||||||
143 | 000000000000 | |||||||||
144 | 000000000000 | |||||||||
145 | 000000000000 | |||||||||
146 | 000000000000 | |||||||||
147 | 000000000000 | |||||||||
148 | 000000000000 | |||||||||
149 | 000000000000 | |||||||||
150 | 000000000000 | |||||||||
151 | 000000000000 | |||||||||
152 | 000000000000 | |||||||||
153 | 000000000000 | |||||||||
154 | 000000000000 | |||||||||
155 | 000000000000 | |||||||||
156 | 000000000000 | |||||||||
157 | 000000000000 | |||||||||
158 | 000000000000 | |||||||||
159 | 000000000000 | |||||||||
160 | 000000000000 | |||||||||
161 | 000000000000 | |||||||||
162 | 000000000000 | |||||||||
163 | 000000000000 | |||||||||
164 | 000000000000 | |||||||||
165 | 000000000000 | |||||||||
166 | 000000000000 | |||||||||
167 | 000000000000 | |||||||||
168 | 000000000000 | |||||||||
169 | 000000000000 | |||||||||
170 | 000000000000 | |||||||||
171 | 000000000000 | |||||||||
172 | 000000000000 | |||||||||
173 | 000000000000 | |||||||||
174 | 000000000000 | |||||||||
175 | 000000000000 | |||||||||
176 | 000000000000 | |||||||||
177 | 000000000000 | |||||||||
178 | 000000000000 | |||||||||
179 | 000000000000 | |||||||||
180 | 000000000000 | |||||||||
181 | 000000000000 | |||||||||
182 | 000000000000 | |||||||||
183 | 000000000000 | |||||||||
184 | 000000000000 | |||||||||
185 | 000000000000 | |||||||||
186 | 000000000000 | |||||||||
187 | 000000000000 | |||||||||
188 | 000000000000 | |||||||||
189 | 000000000000 | |||||||||
190 | 000000000000 | |||||||||
191 | 000000000000 | |||||||||
192 | 000000000000 | |||||||||
193 | 000000000000 | |||||||||
194 | 000000000000 | |||||||||
195 | 000000000000 | |||||||||
196 | 000000000000 | |||||||||
197 | 000000000000 | |||||||||
198 | 000000000000 | |||||||||
199 | 000000000000 | |||||||||
200 | 000000000000 | |||||||||
201 | 000000000000 | |||||||||
202 | 000000000000 | |||||||||
203 | 000000000000 | |||||||||
204 | 000000000000 | |||||||||
205 | 000000000000 | |||||||||
206 | 000000000000 | |||||||||
207 | 000000000000 | |||||||||
208 | 000000000000 | |||||||||
209 | 000000000000 | |||||||||
210 | 000000000000 | |||||||||
211 | 000000000000 | |||||||||
212 | 000000000000 | |||||||||
213 | 000000000000 | |||||||||
214 | 000000000000 | |||||||||
215 | 000000000000 | |||||||||
216 | 000000000000 | |||||||||
217 | 000000000000 | |||||||||
218 | 000000000000 | |||||||||
219 | 000000000000 | |||||||||
220 | 000000000000 | |||||||||
221 | 000000000000 | |||||||||
222 | 000000000000 | |||||||||
223 | 000000000000 | |||||||||
224 | 000000000000 | |||||||||
225 | 000000000000 | |||||||||
226 | 000000000000 | |||||||||
227 | 000000000000 | |||||||||
228 | 000000000000 | |||||||||
229 | 000000000000 | |||||||||
230 | 000000000000 | |||||||||
231 | 000000000000 | |||||||||
232 | 000000000000 | |||||||||
233 | 000000000000 | |||||||||
234 | 000000000000 | |||||||||
235 | 000000000000 | |||||||||
236 | 000000000000 | |||||||||
237 | 000000000000 | |||||||||
238 | 000000000000 | |||||||||
239 | 000000000000 | |||||||||
240 | 000000000000 | |||||||||
241 | 000000000000 | |||||||||
242 | 000000000000 | |||||||||
243 | 000000000000 | |||||||||
244 | 000000000000 | |||||||||
245 | 000000000000 | |||||||||
246 | 000000000000 | |||||||||
247 | 000000000000 | |||||||||
248 | 000000000000 | |||||||||
249 | 000000000000 | |||||||||
250 | 000000000000 | |||||||||
251 | 000000000000 | |||||||||
252 | 000000000000 | |||||||||
253 | 000000000000 | |||||||||
254 | 000000000000 | |||||||||
255 | 000000000000 | |||||||||
256 | 000000000000 | |||||||||
257 | 000000000000 | |||||||||
258 | 000000000000 | |||||||||
259 | 000000000000 | |||||||||
260 | 000000000000 | |||||||||
261 | 000000000000 | |||||||||
262 | 000000000000 | |||||||||
263 | 000000000000 | |||||||||
264 | 000000000000 | |||||||||
265 | 000000000000 | |||||||||
266 | 000000000000 | |||||||||
267 | 000000000000 | |||||||||
268 | 000000000000 | |||||||||
269 | 000000000000 | |||||||||
270 | 000000000000 | |||||||||
271 | 000000000000 | |||||||||
272 | 000000000000 | |||||||||
273 | 000000000000 | |||||||||
274 | 000000000000 | |||||||||
275 | 000000000000 | |||||||||
276 | 000000000000 | |||||||||
277 | 000000000000 | |||||||||
278 | 000000000000 | |||||||||
279 | 000000000000 | |||||||||
280 | 000000000000 | |||||||||
281 | 000000000000 | |||||||||
282 | 000000000000 | |||||||||
283 | 000000000000 | |||||||||
284 | 000000000000 | |||||||||
285 | 000000000000 | |||||||||
286 | 000000000000 | |||||||||
287 | 000000000000 | |||||||||
288 | 000000000000 | |||||||||
289 | 000000000000 | |||||||||
290 | 000000000000 | |||||||||
291 | 000000000000 | |||||||||
292 | 000000000000 | |||||||||
293 | 000000000000 | |||||||||
294 | 000000000000 | |||||||||
295 | 000000000000 | |||||||||
296 | 000000000000 | |||||||||
297 | 000000000000 | |||||||||
298 | 000000000000 | |||||||||
299 | 000000000000 | |||||||||
300 | 000000000000 | |||||||||
301 | 000000000000 | |||||||||
302 | 000000000000 |
101 | 102 | 103 | 104 | 105 | 106 | 107 | 108 | 109 | 110 | |
Primary Borrower Wage Income |
Co-Borrower Wage Income |
Primary Borrower Other Income |
Co-Borrower Other Income |
All Borrower Wage Income |
All Borrower Total Income |
4506-T Indicator | Borrower Income Verification Level |
Co-Borrower Income Verification |
Borrower Employment Verification | |
1 | 21341.00 | 4978.00 | 0.00 | 0.00 | 26319.00 | 26319.00 | 1 | 5 | 3 | |
2 | 20822.54 | 19910.00 | 0.00 | 0.00 | 40732.54 | 40732.54 | 1 | 4 | 3 | |
3 | 7466.67 | 0.00 | 0.00 | 1927.17 | 7466.67 | 9393.84 | 1 | 5 | 3 | |
4 | 127601.54 | 0.00 | 127601.54 | 127601.54 | 1 | 5 | 3 | |||
5 | 18762.89 | 0.00 | 0.00 | 0.00 | 18762.89 | 18762.89 | 1 | 4 | 3 | |
6 | 12167.00 | 0.00 | 11994.00 | 0.00 | 12167.00 | 24161.00 | 1 | 5 | 3 | |
7 | 0.00 | 17244.18 | 0.00 | 17244.18 | 1 | 5 | 3 | |||
8 | 10883.00 | 5859.00 | 0.00 | 2639.31 | 16742.00 | 19381.31 | 1 | 4 | 3 | |
9 | 35410.20 | 0.00 | 35410.20 | 35410.20 | 1 | 4 | 3 | |||
10 | 22220.65 | 0.00 | 22220.65 | 22220.65 | 1 | 5 | 3 | |||
11 | 18056.00 | 3855.00 | 0.00 | 1200.00 | 21911.00 | 23111.00 | 1 | 5 | 3 | |
12 | 25323.75 | 0.00 | 0.00 | 0.00 | 25323.75 | 25323.75 | 1 | 5 | 3 | |
13 | 14987.27 | 14318.00 | 0.00 | 0.00 | 29305.27 | 29305.27 | 1 | 4 | 3 | |
14 | 17148.00 | 12981.00 | 0.00 | 0.00 | 30129.00 | 30129.00 | 1 | 4 | 3 | |
15 | 24166.00 | 16061.00 | 24166.00 | 40227.00 | 1 | 5 | 3 | |||
16 | 19301.06 | 0.00 | 19301.06 | 19301.06 | 1 | 4 | 3 | |||
17 | 10999.00 | -515.00 | 0.00 | 0.00 | 10484.00 | 10484.00 | 1 | 5 | 3 | |
18 | 0.00 | 12310.83 | 0.00 | 4418.21 | 12310.83 | 16729.04 | 1 | 5 | 3 | |
19 | 10123.42 | 4000.00 | 0.00 | 0.00 | 14123.42 | 14123.42 | 1 | 4 | 3 | |
20 | 55440.87 | 0.00 | 0.00 | 0.00 | 55440.87 | 55440.87 | 1 | 4 | 3 | |
21 | 6051.00 | 719.00 | 10474.00 | 0.00 | 6770.00 | 17244.00 | 1 | 5 | 3 | |
22 | 29167.00 | 0.00 | -254.00 | 0.00 | 29167.00 | 28913.00 | 1 | 5 | 3 | |
23 | 20026.35 | 0.00 | 0.00 | 0.00 | 20026.35 | 20026.35 | 1 | 5 | 3 | |
24 | 12931.00 | 12908.00 | -22.00 | 0.00 | 25839.00 | 25817.00 | 1 | 5 | 3 | |
25 | 101192.00 | 0.00 | -1985.00 | 0.00 | 101192.00 | 99207.00 | 1 | 5 | 3 | |
26 | 1925.00 | 0.00 | 18654.00 | 0.00 | 1925.00 | 20579.00 | 1 | 5 | 3 | |
27 | 13333.00 | 0.00 | 0.00 | 0.00 | 13333.00 | 13333.00 | 1 | 5 | 3 | |
28 | 15417.00 | 0.00 | 0.00 | 0.00 | 15417.00 | 15417.00 | 1 | 5 | 3 | |
29 | 34549.00 | 0.00 | 0.00 | 0.00 | 34549.00 | 34549.00 | 1 | 5 | 3 | |
30 | 54858.00 | 0.00 | 0.00 | 0.00 | 54858.00 | 54858.00 | 1 | 5 | 3 | |
31 | 10150.00 | 1696.50 | 10150.00 | 11846.50 | 1 | 5 | 3 | |||
32 | 20824.72 | 0.00 | 20824.72 | 20824.72 | 1 | 4 | 3 | |||
33 | 16840.00 | 0.00 | 0.00 | 0.00 | 16840.00 | 16840.00 | 1 | 5 | 3 | |
34 | 15083.00 | 4833.00 | 0.00 | 0.00 | 19916.00 | 19916.00 | 1 | 5 | 3 | |
35 | 27028.50 | 0.00 | 0.00 | 0.00 | 27028.50 | 27028.50 | 1 | 5 | 3 | |
36 | 12089.29 | 10416.66 | 0.00 | 0.00 | 22505.95 | 22505.95 | 1 | 5 | 3 | |
37 | 14583.33 | 0.00 | 10934.00 | 0.00 | 14583.33 | 25517.33 | 1 | 5 | 3 | |
38 | 12459.50 | 1610.00 | 0.00 | 0.00 | 14069.50 | 14069.50 | 1 | 4 | 3 | |
39 | 13780.00 | 6895.00 | 0.00 | 0.00 | 20675.00 | 20675.00 | 1 | 5 | 3 | |
40 | 12932.21 | 14333.35 | 4063.68 | 0.00 | 27265.56 | 31329.24 | 1 | 5 | 3 | |
41 | 14166.95 | 8550.93 | 0.00 | 0.00 | 22717.88 | 22717.88 | 1 | 5 | 3 | |
42 | 22711.00 | 0.00 | 0.00 | 0.00 | 22711.00 | 22711.00 | 1 | 4 | 3 | |
43 | 28297.83 | 0.00 | 0.00 | 0.00 | 28297.83 | 28297.83 | 1 | 5 | 3 | |
44 | 19406.22 | 0.00 | 19406.22 | 19406.22 | 1 | 5 | 3 | |||
45 | 20833.37 | 0.00 | 0.00 | 0.00 | 20833.37 | 20833.37 | 1 | 5 | 3 | |
46 | 9257.13 | 9257.12 | 0.00 | 0.00 | 18514.25 | 18514.25 | 1 | 4 | 3 | |
47 | 9878.92 | 0.00 | 9878.92 | 9878.92 | 1 | 5 | 3 | |||
48 | 6875.00 | 16138.84 | 6875.00 | 23013.84 | 1 | 5 | 3 | |||
49 | 3797.08 | 9182.78 | 0.00 | 0.00 | 12979.86 | 12979.86 | 1 | 5 | 3 | |
50 | 27511.12 | 0.00 | 27511.12 | 27511.12 | 1 | 4 | 3 | |||
51 | 24070.37 | 0.00 | 24070.37 | 24070.37 | 1 | 5 | 3 | |||
52 | 14583.00 | 0.00 | 14583.00 | 0.00 | 14583.00 | 29166.00 | 1 | 5 | 3 | |
53 | 22441.62 | 14166.68 | 0.00 | 0.00 | 36608.30 | 36608.30 | 1 | 5 | 3 | |
54 | 36376.40 | 0.00 | 36376.40 | 36376.40 | 1 | 4 | 3 | |||
55 | 14000.00 | 0.00 | 14000.00 | 14000.00 | 1 | 4 | 3 | |||
56 | 16375.09 | 0.00 | 17760.33 | 0.00 | 16375.09 | 34135.42 | 1 | 4 | 3 | |
57 | 42572.92 | 0.00 | 0.00 | 0.00 | 42572.92 | 42572.92 | 1 | 5 | 3 | |
58 | 15227.67 | 0.00 | 15227.67 | 15227.67 | 1 | 4 | 3 | |||
59 | 1712.70 | 0.00 | 25205.09 | 9375.00 | 1712.70 | 36292.79 | 1 | 5 | 3 | |
60 | 32901.00 | 0.00 | 32901.00 | 32901.00 | 1 | 4 | 3 | |||
61 | 23833.34 | 0.00 | 23833.34 | 23833.34 | 1 | 5 | 3 | |||
62 | 0.00 | 26599.78 | 0.00 | 14635.98 | 26599.78 | 41235.76 | 1 | 5 | 3 | |
63 | 17292.83 | 4931.00 | 0.00 | 0.00 | 22223.83 | 22223.83 | 1 | 5 | 3 | |
64 | 12078.75 | 0.00 | 0.00 | 0.00 | 12078.75 | 12078.75 | 1 | 5 | 3 | |
65 | 13833.34 | 10100.00 | 0.00 | 0.00 | 23933.34 | 23933.34 | 1 | 5 | 3 | |
66 | 40875.91 | 0.00 | 40875.91 | 40875.91 | 1 | 4 | 3 | |||
67 | 18667.00 | 11112.00 | 0.00 | 0.00 | 29779.00 | 29779.00 | 1 | 5 | 3 | |
68 | 8333.32 | 15833.35 | 3288.63 | 0.00 | 24166.67 | 27455.30 | 1 | 5 | 3 | |
69 | 19483.50 | 0.00 | 0.00 | 0.00 | 19483.50 | 19483.50 | 1 | 4 | 3 | |
70 | 14825.00 | 3335.42 | 0.00 | 0.00 | 18160.42 | 18160.42 | 1 | 4 | 3 | |
71 | 31413.33 | 0.00 | 31413.33 | 31413.33 | 1 | 5 | 3 | |||
72 | 32635.88 | 0.00 | 0.00 | 0.00 | 32635.88 | 32635.88 | 1 | 4 | 3 | |
73 | 39861.92 | 0.00 | 0.00 | 0.00 | 39861.92 | 39861.92 | 1 | 4 | 3 | |
74 | 0.00 | 9207.26 | 0.00 | 9207.26 | 1 | 5 | 3 | |||
75 | 22565.59 | 0.00 | 0.00 | 0.00 | 22565.59 | 22565.59 | 1 | 5 | 3 | |
76 | 38993.06 | 0.00 | 0.00 | 0.00 | 38993.06 | 38993.06 | 1 | 5 | 3 | |
77 | 8916.60 | 15000.00 | 0.00 | 0.00 | 23916.60 | 23916.60 | 1 | 5 | 3 | |
78 | 39583.33 | 0.00 | 0.00 | 0.00 | 39583.33 | 39583.33 | 1 | 5 | 3 | |
79 | 30170.75 | 0.00 | 0.00 | 0.00 | 30170.75 | 30170.75 | 1 | 4 | 3 | |
80 | 14242.99 | 0.00 | 0.00 | 0.00 | 14242.99 | 14242.99 | 1 | 5 | 3 | |
81 | 27083.33 | 0.00 | 25000.00 | 0.00 | 27083.33 | 52083.33 | 1 | 5 | 3 | |
82 | 13374.03 | 6954.16 | 0.00 | 0.00 | 20328.19 | 20328.19 | 1 | 5 | 3 | |
83 | 2072.70 | 1789.70 | 6708.29 | 1583.33 | 3862.40 | 12154.02 | 1 | 5 | 3 | |
84 | 107145.00 | 0.00 | 0.00 | 0.00 | 107145.00 | 107145.00 | 1 | 4 | 3 | |
85 | 8000.05 | 8000.06 | 0.00 | 0.00 | 16000.11 | 16000.11 | 1 | 5 | 3 | |
86 | 14583.00 | 0.00 | 1382.12 | 132.81 | 14583.00 | 16097.93 | 1 | 5 | 3 | |
87 | 9533.28 | 3544.72 | 0.00 | 0.00 | 13078.00 | 13078.00 | 1 | 5 | 3 | |
88 | 9517.84 | 6300.00 | 0.00 | 0.00 | 15817.84 | 15817.84 | 1 | 5 | 3 | |
89 | 2461.00 | 17785.00 | 0.00 | 0.00 | 20246.00 | 20246.00 | 1 | 4 | 3 | |
90 | 36888.76 | 0.00 | 0.00 | 0.00 | 36888.76 | 36888.76 | 1 | 5 | 3 | |
91 | 29078.04 | 0.00 | 29078.04 | 29078.04 | 1 | 5 | 3 | |||
92 | 6157.50 | 2180.16 | 0.00 | 0.00 | 8337.66 | 8337.66 | 1 | 4 | 3 | |
93 | 22083.34 | 18864.56 | 0.00 | 0.00 | 40947.90 | 40947.90 | 1 | 5 | 3 | |
94 | 6406.54 | 30876.61 | 6406.54 | 37283.15 | 1 | 5 | 3 | |||
95 | 41125.04 | 0.00 | 0.00 | 0.00 | 41125.04 | 41125.04 | 1 | 4 | 3 | |
96 | 32526.54 | 0.00 | 0.00 | 0.00 | 32526.54 | 32526.54 | 1 | 4 | 3 | |
97 | 38955.21 | 0.00 | 0.00 | 0.00 | 38955.21 | 38955.21 | 1 | 4 | 3 | |
98 | 14158.00 | 0.00 | 14158.00 | 14158.00 | 1 | 5 | 3 | |||
99 | 45671.89 | 0.00 | 0.00 | 0.00 | 45671.89 | 45671.89 | 1 | 4 | 3 | |
100 | 9501.12 | 0.00 | 15227.23 | 0.00 | 9501.12 | 24728.35 | 1 | 5 | 3 | |
101 | 8744.83 | 0.00 | 0.00 | 6365.40 | 8744.83 | 15110.23 | 1 | 4 | 3 | |
102 | 7830.42 | 0.00 | 7830.42 | 7830.42 | 1 | 5 | 3 | |||
103 | 11578.59 | 2798.72 | 11578.59 | 14377.31 | 1 | 5 | 3 | |||
104 | 13110.01 | 0.00 | 0.00 | 0.00 | 13110.01 | 13110.01 | 1 | 5 | 3 | |
105 | 1414.79 | 1221.00 | 11851.17 | 0.00 | 2635.79 | 14486.96 | 1 | 5 | 3 | |
106 | 19373.00 | 0.00 | 0.00 | 0.00 | 19373.00 | 19373.00 | 1 | 5 | 3 | |
107 | 21634.58 | 0.00 | 0.00 | 0.00 | 21634.58 | 21634.58 | 1 | 5 | 3 | |
108 | 18336.84 | 0.00 | 18336.84 | 18336.84 | 1 | 5 | 3 | |||
109 | 32231.92 | 0.00 | 0.00 | 0.00 | 32231.92 | 32231.92 | 1 | 4 | 3 | |
110 | 17625.00 | 13666.00 | 0.00 | 0.00 | 31291.00 | 31291.00 | 1 | 4 | 3 | |
111 | 23583.34 | 0.00 | 0.00 | 0.00 | 23583.34 | 23583.34 | 1 | 5 | 3 | |
112 | 13833.34 | 0.00 | 12660.94 | 0.00 | 13833.34 | 26494.28 | 1 | 5 | 3 | |
113 | 23357.60 | 0.00 | 0.00 | 0.00 | 23357.60 | 23357.60 | 1 | 4 | 3 | |
114 | 17083.33 | 0.00 | 0.00 | 0.00 | 17083.33 | 17083.33 | 1 | 5 | 3 | |
115 | 13728.00 | 12814.53 | 0.00 | 0.00 | 26542.53 | 26542.53 | 1 | 5 | 3 | |
116 | 10000.00 | 0.00 | 8046.44 | 0.00 | 10000.00 | 18046.44 | 1 | 5 | 3 | |
117 | 8397.05 | 6904.92 | 0.00 | 0.00 | 15301.97 | 15301.97 | 1 | 5 | 3 | |
118 | 7945.04 | 9500.00 | 0.00 | 0.00 | 17445.04 | 17445.04 | 1 | 5 | 3 | |
119 | 12833.33 | 0.00 | 1904.53 | 0.00 | 12833.33 | 14737.86 | 1 | 5 | 3 | |
120 | 28638.00 | 0.00 | 0.00 | 0.00 | 28638.00 | 28638.00 | 1 | 5 | 3 | |
121 | 38143.48 | 0.00 | 0.00 | 0.00 | 38143.48 | 38143.48 | 1 | 4 | 3 | |
122 | 12874.00 | 0.00 | 0.00 | 0.00 | 12874.00 | 12874.00 | 1 | 4 | 3 | |
123 | 59992.29 | 10971.00 | 0.00 | 0.00 | 70963.29 | 70963.29 | 1 | 4 | 3 | |
124 | 9977.09 | 9983.43 | 0.00 | 0.00 | 19960.52 | 19960.52 | 1 | 5 | 3 | |
125 | 10669.01 | 3919.83 | 5353.97 | 0.00 | 14588.84 | 19942.81 | 1 | 5 | 3 | |
126 | 13583.62 | 1645.04 | 9923.09 | 0.00 | 15228.66 | 25151.75 | 1 | 4 | 3 | |
127 | 16508.34 | 0.00 | 0.00 | 0.00 | 16508.34 | 16508.34 | 1 | 5 | 3 | |
128 | 12673.42 | 11249.98 | 0.00 | 0.00 | 23923.40 | 23923.40 | 1 | 5 | 3 | |
129 | 19573.93 | 15964.00 | 0.00 | 0.00 | 35537.93 | 35537.93 | 1 | 5 | 3 | |
130 | 15049.75 | 0.00 | 11128.82 | 0.00 | 15049.75 | 26178.57 | 1 | 4 | 3 | |
131 | 15350.00 | 0.00 | 15350.00 | 15350.00 | 1 | 4 | 3 | |||
132 | 22125.35 | 0.00 | 0.00 | 0.00 | 22125.35 | 22125.35 | 1 | 5 | 3 | |
133 | 8220.00 | 0.00 | 0.00 | 0.00 | 35253.00 | 35253.00 | 1 | 4 | 3 | |
134 | 20833.34 | 0.00 | 0.00 | 0.00 | 20833.34 | 20833.34 | 1 | 5 | 3 | |
135 | 22916.68 | 0.00 | 1168.83 | 0.00 | 22916.68 | 24085.51 | 1 | 5 | 3 | |
136 | 3584.83 | 4929.94 | 0.00 | 5775.00 | 8514.77 | 14289.77 | 1 | 5 | 3 | |
137 | 14583.33 | 24067.00 | 14583.33 | 38650.33 | 1 | 5 | 3 | |||
138 | 322123.83 | 0.00 | 0.00 | 0.00 | 322123.83 | 322123.83 | 1 | 5 | 3 | |
139 | 6690.00 | 10521.33 | 0.00 | 0.00 | 17211.33 | 17211.33 | 1 | 5 | 3 | |
140 | 35244.00 | 0.00 | 35244.00 | 35244.00 | 1 | 4 | 3 | |||
141 | 12916.67 | 0.00 | 16917.99 | 0.00 | 12916.67 | 29834.66 | 1 | 5 | 3 | |
142 | 20255.70 | 0.00 | 20255.70 | 20255.70 | 1 | 4 | 3 | |||
143 | 98320.13 | 0.00 | 0.00 | 0.00 | 98320.13 | 98320.13 | 1 | 5 | 3 | |
144 | 10100.00 | 8545.46 | 0.00 | 0.00 | 18645.46 | 18645.46 | 1 | 5 | 3 | |
145 | 6845.96 | 8430.44 | 0.00 | 0.00 | 15276.40 | 15276.40 | 1 | 5 | 3 | |
146 | 17228.38 | 6853.09 | 17228.38 | 24081.47 | 1 | 5 | 3 | |||
147 | 19950.58 | 9216.77 | 0.00 | 0.00 | 29167.35 | 29167.35 | 1 | 5 | 3 | |
148 | 20833.33 | 0.00 | 20833.33 | 20833.33 | 1 | 5 | 3 | |||
149 | 55152.54 | 0.00 | 55152.54 | 55152.54 | 1 | 4 | 3 | |||
150 | 13547.75 | 0.00 | 13547.75 | 13547.75 | 1 | 5 | 3 | |||
151 | 61933.29 | 0.00 | 61933.29 | 61933.29 | 1 | 4 | 3 | |||
152 | 18821.00 | 14798.33 | 0.00 | 0.00 | 33619.33 | 33619.33 | 1 | 5 | 3 | |
153 | 23307.70 | 0.00 | 23307.70 | 23307.70 | 1 | 5 | 3 | |||
154 | 16666.66 | 0.00 | 21565.00 | 0.00 | 16666.66 | 38231.66 | 1 | 5 | 3 | |
155 | 19866.25 | 0.00 | 0.00 | 0.00 | 19866.25 | 19866.25 | 1 | 5 | 3 | |
156 | 28337.33 | 0.00 | 28337.33 | 28337.33 | 1 | 5 | 3 | |||
157 | 10417.00 | 20173.00 | 0.00 | 0.00 | 30590.00 | 30590.00 | 1 | 5 | 3 | |
158 | 68908.71 | 0.00 | 0.00 | 0.00 | 68908.71 | 68908.71 | 1 | 4 | 3 | |
159 | 33245.60 | 0.00 | 0.00 | 0.00 | 33245.60 | 33245.60 | 1 | 5 | 3 | |
160 | 87320.66 | 0.00 | 0.00 | 0.00 | 87320.66 | 87320.66 | 1 | 5 | 3 | |
161 | 18750.00 | 2067.00 | 0.00 | 0.00 | 20817.00 | 20817.00 | 1 | 5 | 3 | |
162 | 33333.34 | 0.00 | 33333.34 | 33333.34 | 1 | 5 | 3 | |||
163 | 20370.33 | 19351.83 | 0.00 | 0.00 | 39722.16 | 39722.16 | 1 | 5 | 3 | |
164 | 11752.00 | 9189.81 | 9087.33 | 0.00 | 20941.81 | 30029.14 | 1 | 5 | 3 | |
165 | 0.00 | 5417.00 | 14417.00 | 9903.00 | 5417.00 | 29737.00 | 1 | 5 | 3 | |
166 | 16816.00 | 0.00 | 16816.00 | 16816.00 | 1 | 5 | 3 | |||
167 | 14578.86 | 5750.61 | 14578.86 | 20329.47 | 1 | 5 | 3 | |||
168 | 19166.66 | 0.00 | 2114.58 | 0.00 | 19166.66 | 21281.24 | 1 | 5 | 3 | |
169 | 16070.90 | 19479.17 | 16070.90 | 35550.07 | 1 | 5 | 3 | |||
170 | 15368.42 | 0.00 | 15368.42 | 15368.42 | 1 | 4 | 3 | |||
171 | 15910.00 | 0.00 | 0.00 | 0.00 | 15910.00 | 15910.00 | 1 | 5 | 3 | |
172 | 9941.00 | 0.00 | 310.00 | 0.00 | 9941.00 | 10251.00 | 1 | 4 | 3 | |
173 | 9549.83 | 1946.70 | 7416.75 | 0.00 | 11496.53 | 18913.28 | 1 | 4 | 3 | |
174 | 9972.79 | 864.00 | 0.00 | 0.00 | 10836.79 | 10836.79 | 1 | 4 | 3 | |
175 | 15000.00 | 3339.24 | 0.00 | 0.00 | 18339.24 | 18339.24 | 1 | 5 | 3 | |
176 | 9177.30 | 0.00 | 12852.00 | 0.00 | 9177.30 | 22029.30 | 1 | 5 | 3 | |
177 | 14968.00 | 0.00 | 0.00 | 0.00 | 14968.00 | 14968.00 | 1 | 4 | 3 | |
178 | 85070.72 | 0.00 | 85070.72 | 85070.72 | 1 | 4 | 3 | |||
179 | 19639.82 | 3166.66 | 0.00 | 0.00 | 22806.48 | 22806.48 | 1 | 4 | 3 | |
180 | 7240.19 | 35305.52 | 7240.19 | 42545.71 | 1 | 5 | 3 | |||
181 | 41666.68 | 0.00 | -6811.00 | 0.00 | 41666.68 | 34855.68 | 1 | 5 | 3 | |
182 | 22916.00 | 0.00 | 0.00 | 0.00 | 22916.00 | 22916.00 | 1 | 5 | 3 | |
183 | 12053.42 | 0.00 | 0.00 | 0.00 | 12053.42 | 12053.42 | 1 | 5 | 3 | |
184 | 17416.67 | 0.00 | 0.00 | 0.00 | 17416.67 | 17416.67 | 1 | 5 | 3 | |
185 | 19733.00 | 0.00 | 19733.00 | 19733.00 | 1 | 5 | 3 | |||
186 | 19861.00 | 0.00 | 19861.00 | 19861.00 | 1 | 4 | 3 | |||
187 | 10020.00 | 1045.00 | 888.00 | 0.00 | 11065.00 | 11953.00 | 1 | 5 | 3 | |
188 | 28679.99 | 0.00 | 0.00 | 0.00 | 28679.99 | 28679.99 | 1 | 4 | 3 | |
189 | 8310.25 | 349.60 | 0.00 | 0.00 | 8659.85 | 8659.85 | 1 | 4 | 3 | |
190 | 24166.68 | 0.00 | 11231.64 | 0.00 | 24166.68 | 35398.32 | 1 | 5 | 3 | |
191 | 18725.00 | 17848.42 | 0.00 | 0.00 | 36573.42 | 36573.42 | 1 | 4 | 3 | |
192 | 12000.00 | 0.00 | 2159.00 | 700.00 | 12000.00 | 14859.00 | 1 | 5 | 3 | |
193 | 13544.00 | 0.00 | 13544.00 | 13544.00 | 1 | 4 | 3 | |||
194 | 119906.00 | 59621.00 | 119906.00 | 179527.00 | 1 | 5 | 3 | |||
195 | 10210.00 | 12017.00 | 0.00 | 0.00 | 22227.00 | 22227.00 | 1 | 5 | 3 | |
196 | 9166.00 | 9073.00 | 0.00 | 2262.00 | 18239.00 | 20501.00 | 1 | 5 | 3 | |
197 | 6998.00 | 11228.50 | 1516.00 | 0.00 | 18226.50 | 19742.50 | 1 | 5 | 3 | |
198 | 12900.72 | 4036.18 | 0.00 | 0.00 | 16936.90 | 16936.90 | 1 | 4 | 3 | |
199 | 29714.34 | 0.00 | 0.00 | 0.00 | 29714.34 | 29714.34 | 1 | 4 | 3 | |
200 | 16666.67 | 0.00 | 16666.67 | 16666.67 | 1 | 5 | 3 | |||
201 | 10000.00 | 0.00 | 0.00 | 0.00 | 10000.00 | 10000.00 | 1 | 5 | 3 | |
202 | 998.00 | 4880.00 | 0.00 | 7068.00 | 5878.00 | 12946.00 | 1 | 5 | 3 | |
203 | 7897.06 | 13333.34 | 0.00 | 0.00 | 21230.40 | 21230.40 | 1 | 5 | 3 | |
204 | 0.00 | 10792.00 | 0.00 | 5689.00 | 10792.00 | 16481.00 | 1 | 5 | 3 | |
205 | 15216.00 | 2330.00 | 15216.00 | 17546.00 | 1 | 5 | 3 | |||
206 | 13686.61 | 0.00 | 13686.61 | 13686.61 | 1 | 4 | 3 | |||
207 | 5153.00 | 0.00 | 0.00 | 3851.00 | 5153.00 | 9004.00 | 1 | 4 | 3 | |
208 | 17500.00 | 0.00 | 0.00 | 0.00 | 17500.00 | 17500.00 | 1 | 5 | 3 | |
209 | 14583.00 | 2179.00 | 0.00 | 0.00 | 16762.00 | 16762.00 | 1 | 5 | 3 | |
210 | 47718.50 | 0.00 | 0.00 | 0.00 | 47718.50 | 47718.50 | 1 | 4 | 3 | |
211 | 17974.00 | 0.00 | 17974.00 | 17974.00 | 1 | 5 | 3 | |||
212 | 15960.13 | 0.00 | 15960.13 | 15960.13 | 1 | 5 | 3 | |||
213 | 39500.00 | 0.00 | 39500.00 | 39500.00 | 1 | 5 | 3 | |||
214 | 6427.46 | 0.00 | 10660.28 | 0.00 | 6427.46 | 17087.74 | 1 | 5 | 3 | |
215 | 15528.75 | 0.00 | 15528.75 | 15528.75 | 1 | 5 | 3 | |||
216 | 15884.76 | 2744.91 | 0.00 | 0.00 | 18629.67 | 18629.67 | 1 | 4 | 3 | |
217 | 34587.78 | 16033.63 | 0.00 | 0.00 | 50621.41 | 50621.41 | 1 | 4 | 3 | |
218 | 9854.79 | 483.58 | 9854.79 | 10338.37 | 1 | 5 | 3 | |||
219 | 20019.00 | 0.00 | 0.00 | 0.00 | 20019.00 | 20019.00 | 1 | 5 | 3 | |
220 | 21725.31 | 0.00 | 21725.31 | 21725.31 | 1 | 4 | 3 | |||
221 | 21033.00 | 0.00 | 0.00 | 0.00 | 21033.00 | 21033.00 | 1 | 5 | 3 | |
222 | 11870.44 | 4801.00 | 231.00 | 357.74 | 16671.44 | 17260.18 | 1 | 5 | 3 | |
223 | 19330.38 | 0.00 | 0.00 | 0.00 | 19330.38 | 19330.38 | 1 | 4 | 3 | |
224 | 13168.30 | 6611.16 | 16609.25 | 0.00 | 19779.46 | 36388.71 | 1 | 5 | 3 | |
225 | 14441.67 | 9166.66 | 0.00 | 0.00 | 23608.33 | 23608.33 | 1 | 5 | 3 | |
226 | 0.00 | 24964.21 | 0.00 | 0.00 | 24964.21 | 24964.21 | 1 | 5 | 3 | |
227 | 0.00 | 12035.00 | 0.00 | 0.00 | 12035.00 | 12035.00 | 1 | 5 | 3 | |
228 | 42467.07 | 0.00 | 0.00 | 0.00 | 42467.07 | 42467.07 | 1 | 5 | 3 | |
229 | 7571.58 | 15828.83 | 0.00 | 0.00 | 23400.41 | 23400.41 | 1 | 5 | 3 | |
230 | 24400.00 | 0.00 | 24400.00 | 24400.00 | 1 | 4 | 3 | |||
231 | 14852.59 | 12500.00 | 0.00 | 0.00 | 27352.59 | 27352.59 | 1 | 5 | 3 | |
232 | 112500.00 | 0.00 | 0.00 | 0.00 | 112500.00 | 112500.00 | 1 | 5 | 3 | |
233 | 16336.00 | 0.00 | 16336.00 | 16336.00 | 1 | 5 | 3 | |||
234 | 22941.67 | 0.00 | 0.00 | 0.00 | 22941.67 | 22941.67 | 1 | 5 | 3 | |
235 | 39411.30 | 0.00 | 0.00 | 0.00 | 39411.30 | 39411.30 | 1 | 5 | 3 | |
236 | 21516.80 | 0.00 | 0.00 | 0.00 | 21516.80 | 21516.80 | 1 | 5 | 3 | |
237 | 17839.29 | 0.00 | 17839.29 | 17839.29 | 1 | 5 | 3 | |||
238 | 1961.30 | 0.00 | 30808.09 | 0.00 | 1961.30 | 32769.39 | 1 | 5 | 3 | |
239 | 18750.00 | 0.00 | 0.00 | 0.00 | 18750.00 | 18750.00 | 1 | 5 | 3 | |
240 | 6844.92 | 6407.81 | 0.00 | 0.00 | 13252.73 | 13252.73 | 1 | 5 | 3 | |
241 | 19517.08 | 4895.00 | 0.00 | 0.00 | 24412.08 | 24412.08 | 1 | 5 | 3 | |
242 | 25000.00 | 0.00 | 25000.00 | 25000.00 | 1 | 4 | 3 | |||
243 | 15666.66 | 0.00 | 0.00 | 0.00 | 15666.66 | 15666.66 | 1 | 5 | 3 | |
244 | 24157.66 | 14701.13 | 24157.66 | 38858.79 | 1 | 5 | 3 | |||
245 | 50910.41 | 0.00 | 0.00 | 0.00 | 50910.41 | 50910.41 | 1 | 5 | 3 | |
246 | 16083.34 | 0.00 | 0.00 | 0.00 | 16083.34 | 16083.34 | 1 | 5 | 3 | |
247 | 4000.00 | 4705.00 | 0.00 | 0.00 | 8705.00 | 8705.00 | 1 | 5 | 3 | |
248 | 15416.66 | 0.00 | 15416.66 | 15416.66 | 1 | 4 | 3 | |||
249 | 43666.00 | 0.00 | 0.00 | 0.00 | 43666.00 | 43666.00 | 1 | 4 | 3 | |
250 | 41256.96 | 0.00 | 41256.96 | 41256.96 | 1 | 5 | 3 | |||
251 | 9583.00 | 9580.00 | 0.00 | 0.00 | 19163.00 | 19163.00 | 1 | 5 | 3 | |
252 | 29726.43 | 0.00 | 29726.43 | 29726.43 | 1 | 4 | 3 | |||
253 | 4648.00 | 9126.00 | 0.00 | 937.50 | 13774.00 | 14711.50 | 1 | 5 | 3 | |
254 | 17873.00 | 0.00 | 17873.00 | 17873.00 | 1 | 5 | 3 | |||
255 | 29197.93 | 0.00 | 0.00 | 0.00 | 29197.93 | 29197.93 | 1 | 4 | 3 | |
256 | 59852.25 | 0.00 | 59852.25 | 59852.25 | 1 | 4 | 3 | |||
257 | 16666.67 | 0.00 | 32894.52 | 0.00 | 16666.67 | 49561.19 | 1 | 5 | 3 | |
258 | 16666.00 | 0.00 | 16666.00 | 16666.00 | 1 | 5 | 3 | |||
259 | 0.00 | 12190.00 | 11432.54 | 0.00 | 12190.00 | 23622.54 | 1 | 5 | 3 | |
260 | 17004.38 | 0.00 | 0.00 | 0.00 | 17004.38 | 17004.38 | 1 | 5 | 3 | |
261 | 20833.34 | 0.00 | 0.00 | 0.00 | 20833.34 | 20833.34 | 1 | 5 | 3 | |
262 | 17500.00 | 0.00 | 6383.27 | 0.00 | 17500.00 | 23883.27 | 1 | 5 | 3 | |
263 | 22083.33 | 0.00 | 22083.33 | 22083.33 | 1 | 5 | 3 | |||
264 | 2054.00 | 941.00 | 6553.00 | 0.00 | 2995.00 | 9548.00 | 1 | 5 | 3 | |
265 | 50310.00 | 19472.50 | 50310.00 | 69782.50 | 1 | 5 | 3 | |||
266 | 17094.18 | 0.00 | 17094.18 | 17094.18 | 1 | 5 | 3 | |||
267 | 11362.00 | 8667.00 | 0.00 | 0.00 | 20029.00 | 20029.00 | 1 | 5 | 3 | |
268 | 17000.00 | 0.00 | 0.00 | 0.00 | 17000.00 | 17000.00 | 1 | 5 | 3 | |
269 | 11483.07 | 0.00 | 11483.07 | 11483.07 | 1 | 5 | 3 | |||
270 | 28282.42 | 0.00 | 0.00 | 0.00 | 28282.42 | 28282.42 | 1 | 4 | 3 | |
271 | 25143.97 | 0.00 | 25143.97 | 25143.97 | 1 | 4 | 3 | |||
272 | 34283.92 | 0.00 | 0.00 | 0.00 | 34283.92 | 34283.92 | 1 | 5 | 3 | |
273 | 15416.67 | 0.00 | 15416.67 | 15416.67 | 1 | 5 | 3 | |||
274 | 8448.20 | 9132.58 | 2483.56 | 0.00 | 17580.78 | 20064.34 | 1 | 5 | 3 | |
275 | 18123.73 | 0.00 | 0.00 | 0.00 | 18123.73 | 18123.73 | 1 | 4 | 3 | |
276 | 13746.00 | 0.00 | 13746.00 | 13746.00 | 1 | 4 | 3 | |||
277 | 27083.33 | 0.00 | 27083.33 | 27083.33 | 1 | 4 | 3 | |||
278 | 10000.00 | 15416.65 | 0.00 | 0.00 | 25416.65 | 25416.65 | 1 | 5 | 3 | |
279 | 4273.13 | 260.80 | 0.00 | 14564.96 | 4533.93 | 19098.89 | 1 | 5 | 3 | |
280 | 17530.00 | 0.00 | 17530.00 | 17530.00 | 1 | 5 | 3 | |||
281 | 14166.67 | 0.00 | 14166.67 | 14166.67 | 1 | 5 | 3 | |||
282 | 30271.00 | 0.00 | 30271.00 | 30271.00 | 1 | 4 | 3 | |||
283 | 16667.00 | 34959.45 | 16667.00 | 51626.45 | 1 | 5 | 3 | |||
284 | 9583.34 | 13923.08 | 9583.34 | 23506.42 | 1 | 5 | 3 | |||
285 | 12781.00 | 0.00 | 1250.00 | 0.00 | 12781.00 | 14031.00 | 1 | 5 | 3 | |
286 | 17333.34 | 0.00 | 0.00 | 0.00 | 17333.34 | 17333.34 | 1 | 5 | 3 | |
287 | 13219.01 | 4155.75 | 0.00 | 0.00 | 17374.76 | 17374.76 | 1 | 4 | 3 | |
288 | 16666.66 | 16835.23 | 16666.66 | 33501.89 | 1 | 5 | 3 | |||
289 | 16666.66 | 0.00 | 46830.29 | 0.00 | 16666.66 | 63496.95 | 1 | 5 | 3 | |
290 | 33789.92 | 0.00 | 33789.92 | 33789.92 | 1 | 5 | 3 | |||
291 | 6008.32 | 5991.65 | 0.00 | 0.00 | 11999.97 | 11999.97 | 1 | 5 | 3 | |
292 | 18333.33 | 0.00 | 21751.00 | 0.00 | 18333.33 | 40084.33 | 1 | 5 | 3 | |
293 | 27083.34 | 0.00 | 27083.34 | 27083.34 | 1 | 5 | 3 | |||
294 | 9373.51 | 18050.96 | 0.00 | 0.00 | 27424.47 | 27424.47 | 1 | 4 | 3 | |
295 | 55276.77 | 0.00 | 55276.77 | 55276.77 | 1 | 4 | 3 | |||
296 | 11206.99 | 11791.68 | 0.00 | 0.00 | 22998.67 | 22998.67 | 1 | 5 | 3 | |
297 | 3970.08 | 2521.06 | 0.00 | 0.00 | 6491.14 | 6491.14 | 1 | 4 | 3 | |
298 | 11275.30 | 2765.33 | 0.00 | 0.00 | 14040.63 | 14040.63 | 1 | 5 | 3 | |
299 | 19260.32 | 0.00 | 19260.32 | 19260.32 | 1 | 5 | 3 | |||
300 | 64710.05 | 0.00 | 64710.05 | 64710.05 | 1 | 4 | 3 | |||
301 | 13568.05 | 0.00 | 13568.05 | 13568.05 | 1 | 5 | 3 | |||
302 | 17935.00 | 1407.48 | 6137.64 | 0.00 | 19342.48 | 25480.12 | 1 | 5 | 3 |
111 | 112 | 113 | 114 | 115 | 116 | 117 | 118 | 119 | |
Co-Borrower Employment Verification |
Borrower Asset Verification |
Co-Borrower Asset Verification |
Liquid / Cash Reserves |
Monthly Debt All Borrowers |
Originator DTI | Fully Indexed Rate | Qualification Method |
Percentage of Down Payment from Borrower Own Funds |
|
1 | 4 | 272227.50 | 5066.30 | 0.1925 | 100 | ||||
2 | 4 | 855346.92 | 9612.11 | 0.2360 | |||||
3 | 4 | 1400447.00 | 3230.18 | 0.3439 | |||||
4 | 4 | 4468278.71 | 22850.63 | 0.1791 | |||||
5 | 4 | 1035351.08 | 8117.30 | 0.4326 | |||||
6 | 4 | 152558.95 | 4391.87 | 0.1818 | |||||
7 | 4 | 122160.08 | 6426.54 | 0.3727 | |||||
8 | 4 | 24318.96 | 8126.62 | 0.4193 | 100 | ||||
9 | 4 | 102461.61 | 9773.43 | 0.2760 | |||||
10 | 4 | 201920.56 | 7688.92 | 0.3460 | 100 | ||||
11 | 4 | 80375.35 | 8624.38 | 0.3732 | 100 | ||||
12 | 4 | 109334.07 | 3790.26 | 0.1497 | |||||
13 | 4 | 540447.96 | 7326.99 | 0.2500 | |||||
14 | 4 | 275602.27 | 3601.59 | 0.1195 | 100 | ||||
15 | 4 | 46658.68 | 7522.85 | 0.1870 | |||||
16 | 4 | 56142.48 | 7670.57 | 0.3974 | 100 | ||||
17 | 4 | 41045.37 | 3309.82 | 0.3157 | |||||
18 | 4 | 132917.73 | 6891.59 | 0.4120 | 100 | ||||
19 | 4 | 98705.71 | 4881.41 | 0.3456 | |||||
20 | 4 | 242263.53 | 8478.35 | 0.1529 | |||||
21 | 4 | 27083.57 | 7361.12 | 0.4269 | |||||
22 | 4 | 151655.05 | 4791.87 | 0.1657 | |||||
23 | 4 | 167085.50 | 7643.02 | 0.3816 | |||||
24 | 4 | 337450.10 | 8113.87 | 0.3143 | 100 | ||||
25 | 4 | 1643674.54 | 18779.49 | 0.1893 | 100 | ||||
26 | 4 | 621289.26 | 8299.61 | 0.4033 | |||||
27 | 4 | 247980.08 | 5829.65 | 0.4372 | 100 | ||||
28 | 4 | 163408.24 | 6497.19 | 0.4214 | 100 | ||||
29 | 4 | 134196.91 | 6833.34 | 0.1978 | |||||
30 | 4 | 119494.40 | 14783.63 | 0.2695 | |||||
31 | 4 | 66356.75 | 5206.12 | 0.4395 | |||||
32 | 4 | 174898.36 | 7746.82 | 0.3720 | |||||
33 | 4 | 107868.51 | 5092.43 | 0.3024 | |||||
34 | 4 | 55690.89 | 5056.31 | 0.2539 | 100 | ||||
35 | 4 | 27633.96 | 5634.63 | 0.2085 | 100 | ||||
36 | 4 | 39276.98 | 7957.16 | 0.3536 | |||||
37 | 4 | 78304.16 | 7869.57 | 0.3084 | |||||
38 | 4 | 20864.56 | 5967.75 | 0.4242 | |||||
39 | 4 | 280169.15 | 5827.35 | 0.2819 | 100 | ||||
40 | 4 | 112287.95 | 11192.56 | 0.3573 | 100 | ||||
41 | 4 | 503741.48 | 9465.79 | 0.4167 | 100 | ||||
42 | 4 | 113620.09 | 7017.95 | 0.3090 | 100 | ||||
43 | 4 | 161975.31 | 6289.48 | 0.2223 | 100 | ||||
44 | 4 | 109102.75 | 6185.21 | 0.3187 | 100 | ||||
45 | 4 | 91640.03 | 7539.08 | 0.3619 | 100 | ||||
46 | 4 | 67744.06 | 7360.86 | 0.3976 | 100 | ||||
47 | 4 | 148890.84 | 3846.95 | 0.3894 | |||||
48 | 4 | 40395.30 | 4311.92 | 0.1874 | 61.7447 | ||||
49 | 4 | 32823.84 | 3949.94 | 0.3043 | |||||
50 | 4 | 522933.70 | 4141.39 | 0.1505 | |||||
51 | 4 | 53882.17 | 4894.66 | 0.2033 | |||||
52 | 4 | 356571.33 | 8971.11 | 0.3076 | |||||
53 | 4 | 536790.59 | 5015.56 | 0.1370 | |||||
54 | 4 | 143028.43 | 8684.72 | 0.2387 | |||||
55 | 4 | 560971.01 | 5996.97 | 0.4284 | 100 | ||||
56 | 4 | 84950.91 | 9045.00 | 0.2650 | 88.8551 | ||||
57 | 4 | 198552.61 | 11580.43 | 0.2720 | |||||
58 | 4 | 247289.95 | 6744.70 | 0.4429 | |||||
59 | 4 | 3054411.27 | 15780.40 | 0.4348 | 100 | ||||
60 | 4 | 501999.89 | 8389.95 | 0.2550 | |||||
61 | 4 | 92188.27 | 7802.73 | 0.3274 | 100 | ||||
62 | 4 | 957805.46 | 7209.58 | 0.1748 | 100 | ||||
63 | 4 | 540781.44 | 9631.36 | 0.4334 | 100 | ||||
64 | 4 | 203651.50 | 3933.76 | 0.3257 | 100 | ||||
65 | 4 | 521511.54 | 6912.40 | 0.2888 | 100 | ||||
66 | 4 | 117949.28 | 15324.54 | 0.3749 | |||||
67 | 4 | 359651.71 | 6015.75 | 0.2020 | |||||
68 | 4 | 271968.83 | 10557.14 | 0.3845 | 100 | ||||
69 | 4 | 271426.96 | 3249.32 | 0.1668 | |||||
70 | 4 | 99191.25 | 6944.36 | 0.3824 | |||||
71 | 4 | 840552.00 | 12184.60 | 0.3879 | |||||
72 | 4 | 179560.80 | 13185.97 | 0.4040 | 100 | ||||
73 | 4 | 108694.04 | 10442.83 | 0.2620 | |||||
74 | 4 | 64808.92 | 4279.16 | 0.4648 | |||||
75 | 4 | 2395376.13 | 9423.77 | 0.4176 | |||||
76 | 4 | 713701.98 | 9684.20 | 0.2484 | |||||
77 | 4 | 66487.68 | 8900.51 | 0.3721 | |||||
78 | 4 | 1532943.62 | 5374.82 | 0.1358 | 100 | ||||
79 | 4 | 167730.40 | 10408.18 | 0.3450 | |||||
80 | 4 | 237154.31 | 4863.65 | 0.3415 | |||||
81 | 4 | 560893.20 | 13113.02 | 0.2518 | 100 | ||||
82 | 4 | 102287.01 | 6745.87 | 0.3318 | 100 | ||||
83 | 4 | 296155.45 | 5070.97 | 0.4172 | |||||
84 | 4 | 417011.82 | 15464.13 | 0.1443 | 100 | ||||
85 | 4 | 82214.24 | 5703.16 | 0.3564 | |||||
86 | 4 | 52445.64 | 7200.07 | 0.4473 | 100 | ||||
87 | 4 | 36893.90 | 4723.22 | 0.3612 | 100 | ||||
88 | 4 | 73578.75 | 4167.84 | 0.2635 | 100 | ||||
89 | 4 | 335624.16 | 7308.32 | 0.3610 | 100 | ||||
90 | 4 | 201777.94 | 7323.86 | 0.1985 | |||||
91 | 4 | 509319.18 | 8380.41 | 0.2882 | 100 | ||||
92 | 4 | 401715.41 | 4143.32 | 0.4969 | |||||
93 | 4 | 879387.78 | 13718.41 | 0.3350 | |||||
94 | 4 | 294033.36 | 8888.04 | 0.2384 | 100 | ||||
95 | 4 | 1063863.97 | 15678.63 | 0.3812 | 100 | ||||
96 | 4 | 264858.06 | 9028.36 | 0.2776 | 100 | ||||
97 | 4 | 86091.88 | 9277.65 | 0.2382 | 100 | ||||
98 | 4 | 176232.82 | 4153.19 | 0.2933 | |||||
99 | 4 | 179535.76 | 7646.11 | 0.1674 | |||||
100 | 4 | 316550.79 | 6996.47 | 0.2829 | |||||
101 | 4 | 143862.81 | 6247.85 | 0.4135 | 100 | ||||
102 | 4 | 1460251.62 | 2754.44 | 0.3518 | |||||
103 | 4 | 1382659.68 | 6147.58 | 0.4276 | 100 | ||||
104 | 4 | 25356.07 | 5647.88 | 0.4308 | |||||
105 | 4 | 311027.98 | 6842.71 | 0.4723 | 100 | ||||
106 | 4 | 47657.00 | 5722.53 | 0.2954 | |||||
107 | 4 | 112061.04 | 3892.54 | 0.1799 | |||||
108 | 4 | 33966.96 | 3821.18 | 0.2084 | |||||
109 | 4 | 547599.09 | 11706.63 | 0.3632 | |||||
110 | 4 | 411609.05 | 11669.67 | 0.3729 | |||||
111 | 4 | 73338.61 | 9273.49 | 0.3932 | |||||
112 | 4 | 197896.05 | 6448.34 | 0.2434 | |||||
113 | 4 | 298329.16 | 6214.45 | 0.2661 | |||||
114 | 4 | 88421.87 | 5045.48 | 0.2953 | |||||
115 | 4 | 316427.14 | 8898.73 | 0.3353 | 100 | ||||
116 | 4 | 452185.95 | 5949.68 | 0.3297 | |||||
117 | 4 | 85482.53 | 6855.53 | 0.4480 | |||||
118 | 4 | 97744.03 | 4784.70 | 0.2743 | |||||
119 | 4 | 169384.45 | 6501.61 | 0.4412 | 100 | ||||
120 | 4 | 1276613.86 | 10883.56 | 0.3800 | |||||
121 | 4 | 92217.24 | 12907.49 | 0.3384 | |||||
122 | 4 | 84352.69 | 4691.08 | 0.3644 | |||||
123 | 4 | 132262.00 | 4779.16 | 0.0673 | |||||
124 | 4 | 484533.10 | 4129.21 | 0.2069 | |||||
125 | 4 | 165921.97 | 8670.66 | 0.4348 | 100 | ||||
126 | 4 | 135492.17 | 10261.61 | 0.4080 | 100 | ||||
127 | 4 | 110254.82 | 6435.63 | 0.3898 | 100 | ||||
128 | 4 | 309602.29 | 7040.23 | 0.2943 | 100 | ||||
129 | 4 | 401814.36 | 9936.23 | 0.2796 | |||||
130 | 4 | 485334.47 | 8183.87 | 0.3126 | |||||
131 | 4 | 5359063.66 | 6446.51 | 0.4200 | 100 | ||||
132 | 4 | 669449.81 | 6501.73 | 0.2939 | |||||
133 | 4 | 345940.64 | 15819.04 | 0.4487 | 100 | ||||
134 | 4 | 107401.16 | 6260.52 | 0.3005 | |||||
135 | 4 | 437215.24 | 9662.22 | 0.4012 | 100 | ||||
136 | 4 | 75706.48 | 5158.28 | 0.3610 | |||||
137 | 4 | 500805.84 | 11073.36 | 0.2865 | |||||
138 | 4 | 7408117.27 | 14041.70 | 0.0436 | 100 | ||||
139 | 4 | 702276.15 | 7701.07 | 0.4474 | |||||
140 | 4 | 113574.08 | 8303.66 | 0.2356 | 100 | ||||
141 | 4 | 451327.85 | 9120.78 | 0.3057 | 100 | ||||
142 | 4 | 95210.48 | 8400.73 | 0.4147 | |||||
143 | 4 | 151945.30 | 6927.24 | 0.0705 | |||||
144 | 4 | 790004.76 | 5861.82 | 0.3144 | 100 | ||||
145 | 4 | 357690.31 | 4745.83 | 0.3107 | 100 | ||||
146 | 4 | 148615.34 | 10213.00 | 0.4241 | 100 | ||||
147 | 4 | 65690.75 | 5341.62 | 0.1831 | |||||
148 | 4 | 22616.60 | 3125.87 | 0.1500 | 100 | ||||
149 | 4 | 256178.17 | 11589.64 | 0.2101 | |||||
150 | 4 | 163634.53 | 5511.04 | 0.4068 | |||||
151 | 4 | 391294.10 | 19573.46 | 0.3160 | |||||
152 | 4 | 187097.27 | 7184.59 | 0.2137 | 72.958 | ||||
153 | 4 | 1157507.93 | 5252.67 | 0.2254 | |||||
154 | 4 | 184483.51 | 9978.96 | 0.2610 | |||||
155 | 4 | 3706500.41 | 6368.03 | 0.3205 | |||||
156 | 4 | 286812.64 | 9569.06 | 0.3377 | |||||
157 | 4 | 212775.98 | 8185.06 | 0.2676 | |||||
158 | 4 | 2788642.22 | 8137.02 | 0.1181 | |||||
159 | 4 | 811294.57 | 5308.46 | 0.1597 | |||||
160 | 4 | 590681.14 | 8754.94 | 0.1003 | |||||
161 | 4 | 182292.44 | 6721.89 | 0.3229 | |||||
162 | 4 | 203502.33 | 9923.54 | 0.2977 | |||||
163 | 4 | 287298.00 | 9081.92 | 0.2286 | 100 | ||||
164 | 4 | 2468648.19 | 16375.28 | 0.5453 | |||||
165 | 4 | 257662.95 | 9859.06 | 0.3315 | |||||
166 | 4 | 421521.06 | 3496.01 | 0.2079 | 100 | ||||
167 | 4 | 62312.64 | 6600.21 | 0.3247 | 100 | ||||
168 | 4 | 156688.82 | 8908.69 | 0.4186 | 91.0765 | ||||
169 | 4 | 172510.86 | 9619.10 | 0.2706 | |||||
170 | 4 | 134185.90 | 6513.47 | 0.4238 | 100 | ||||
171 | 4 | 48625.11 | 5864.08 | 0.3686 | 100 | ||||
172 | 4 | 44408.16 | 4355.73 | 0.4249 | |||||
173 | 4 | 2047789.50 | 6843.32 | 0.3618 | |||||
174 | 4 | 98044.81 | 4818.15 | 0.4446 | |||||
175 | 4 | 157295.61 | 6112.36 | 0.3333 | |||||
176 | 4 | 101886.48 | 5152.26 | 0.2339 | |||||
177 | 4 | 156372.28 | 5063.15 | 0.3383 | |||||
178 | 4 | 2618900.07 | 16119.63 | 0.1895 | 100 | ||||
179 | 4 | 223330.50 | 9576.19 | 0.4199 | |||||
180 | 4 | 41265.59 | 7008.26 | 0.1647 | |||||
181 | 4 | 2519051.70 | 14092.29 | 0.4043 | |||||
182 | 4 | 43426.26 | 8514.60 | 0.3716 | 100 | ||||
183 | 4 | 36361.68 | 5085.48 | 0.4219 | 100 | ||||
184 | 4 | 172421.28 | 7364.99 | 0.4229 | 100 | ||||
185 | 4 | 49148.01 | 5858.33 | 0.2969 | 100 | ||||
186 | 4 | 87785.00 | 8239.49 | 0.4149 | |||||
187 | 4 | 73826.60 | 4900.98 | 0.4100 | |||||
188 | 4 | 168816.26 | 10829.82 | 0.3776 | |||||
189 | 4 | 356281.90 | 3387.70 | 0.3912 | 100 | ||||
190 | 4 | 635582.16 | 9596.06 | 0.2711 | 100 | ||||
191 | 4 | 199276.42 | 12226.71 | 0.3343 | |||||
192 | 4 | 171699.47 | 6472.89 | 0.4356 | 100 | ||||
193 | 4 | 322327.08 | 4511.95 | 0.3331 | 100 | ||||
194 | 4 | 1309498.25 | 31179.89 | 0.1737 | 100 | ||||
195 | 4 | 145579.32 | 7513.84 | 0.3381 | |||||
196 | 4 | 1040382.30 | 4598.76 | 0.2243 | 100 | ||||
197 | 4 | 153016.88 | 5697.05 | 0.2886 | 100 | ||||
198 | 4 | 56363.92 | 6867.90 | 0.4055 | |||||
199 | 4 | 99268.23 | 5599.37 | 0.1884 | |||||
200 | 4 | 273058.55 | 4704.47 | 0.2823 | 100 | ||||
201 | 4 | 76571.92 | 4371.39 | 0.4371 | |||||
202 | 4 | 8169797.40 | 4869.61 | 0.3761 | 100 | ||||
203 | 4 | 119720.02 | 6702.03 | 0.3157 | 100 | ||||
204 | 4 | 57229.16 | 6592.71 | 0.4000 | |||||
205 | 4 | 68400.51 | 7171.07 | 0.4087 | |||||
206 | 4 | 132963.44 | 5362.85 | 0.3918 | |||||
207 | 4 | 146792.36 | 4045.54 | 0.4493 | |||||
208 | 4 | 1518872.05 | 5949.63 | 0.3400 | |||||
209 | 4 | 168314.17 | 5537.01 | 0.3303 | |||||
210 | 4 | 325674.29 | 8956.62 | 0.1877 | |||||
211 | 4 | 145102.18 | 5320.12 | 0.2960 | |||||
212 | 4 | 272572.94 | 6718.54 | 0.4210 | 100 | ||||
213 | 4 | 61794.10 | 10534.02 | 0.2667 | |||||
214 | 4 | 128443.78 | 7583.90 | 0.4438 | 100 | ||||
215 | 4 | 67094.13 | 6470.78 | 0.4167 | 100 | ||||
216 | 4 | 31046.34 | 5007.71 | 0.2688 | 100 | ||||
217 | 4 | 181755.07 | 11426.67 | 0.2257 | 99.8717 | ||||
218 | 4 | 50434.30 | 3874.63 | 0.3748 | 47.2942 | ||||
219 | 4 | 137826.50 | 8581.95 | 0.4287 | |||||
220 | 4 | 119457.22 | 6999.59 | 0.3222 | |||||
221 | 4 | 765233.86 | 4243.45 | 0.2018 | |||||
222 | 4 | 364790.71 | 8228.79 | 0.4768 | 100 | ||||
223 | 4 | 37403.73 | 3899.19 | 0.2017 | |||||
224 | 4 | 442241.08 | 7438.94 | 0.2044 | |||||
225 | 4 | 19071.02 | 8968.88 | 0.3799 | 100 | ||||
226 | 4 | 269522.31 | 7776.28 | 0.3115 | 100 | ||||
227 | 4 | 197236.05 | 3518.81 | 0.2924 | |||||
228 | 4 | 678962.78 | 13791.27 | 0.3248 | |||||
229 | 4 | 120145.78 | 5842.54 | 0.2497 | |||||
230 | 4 | 142502.80 | 5956.87 | 0.2441 | |||||
231 | 4 | 916794.26 | 4652.18 | 0.1701 | 100 | ||||
232 | 4 | 559693.03 | 15520.16 | 0.1380 | |||||
233 | 4 | 164963.54 | 4922.97 | 0.3014 | |||||
234 | 4 | 695693.21 | 5672.86 | 0.2473 | 100 | ||||
235 | 4 | 60457.80 | 11582.43 | 0.2939 | |||||
236 | 4 | 55288.37 | 6675.85 | 0.3103 | |||||
237 | 4 | 167743.93 | 7671.45 | 0.4300 | 100 | ||||
238 | 4 | 158021.37 | 6623.28 | 0.2021 | |||||
239 | 4 | 161556.73 | 4520.64 | 0.2411 | |||||
240 | 4 | 31966.06 | 5051.30 | 0.3812 | 51.139 | ||||
241 | 4 | 54149.78 | 7271.48 | 0.2979 | 100 | ||||
242 | 4 | 145725.02 | 7173.00 | 0.2869 | 100 | ||||
243 | 4 | 66274.48 | 4754.31 | 0.3035 | |||||
244 | 4 | 228379.63 | 11601.21 | 0.2985 | |||||
245 | 4 | 149777.28 | 11969.19 | 0.2351 | 100 | ||||
246 | 4 | 32252.00 | 5124.96 | 0.3187 | |||||
247 | 4 | 28842.27 | 3837.90 | 0.4409 | |||||
248 | 4 | 157915.67 | 6451.96 | 0.4185 | |||||
249 | 4 | 286788.47 | 9803.24 | 0.2245 | |||||
250 | 4 | 101112.60 | 6287.64 | 0.1524 | |||||
251 | 4 | 58502.92 | 7248.71 | 0.3783 | |||||
252 | 4 | 26038.89 | 4234.26 | 0.1424 | |||||
253 | 4 | 250018.76 | 6299.99 | 0.4282 | 100 | ||||
254 | 4 | 276139.22 | 7329.90 | 0.4101 | 100 | ||||
255 | 4 | 145644.84 | 6081.26 | 0.2083 | |||||
256 | 4 | 663041.14 | 8108.36 | 0.1355 | 100 | ||||
257 | 4 | 165629.29 | 7114.46 | 0.1435 | 100 | ||||
258 | 4 | 215108.64 | 7056.87 | 0.4234 | 100 | ||||
259 | 4 | 568474.56 | 4841.35 | 0.2049 | 100 | ||||
260 | 4 | 53265.95 | 7422.21 | 0.4365 | 100 | ||||
261 | 4 | 135307.26 | 6218.06 | 0.2985 | 100 | ||||
262 | 4 | 282798.18 | 10658.55 | 0.4463 | 100 | ||||
263 | 4 | 888742.18 | 9727.88 | 0.4405 | 100 | ||||
264 | 4 | 1295564.20 | 3535.19 | 0.3703 | |||||
265 | 4 | 1282930.65 | 23350.27 | 0.3346 | 100 | ||||
266 | 4 | 142507.74 | 4584.57 | 0.2682 | |||||
267 | 4 | 206549.26 | 4852.11 | 0.2423 | |||||
268 | 4 | 115956.81 | 7040.64 | 0.4142 | 100 | ||||
269 | 4 | 121103.14 | 4838.71 | 0.4214 | |||||
270 | 4 | 701534.20 | 12149.65 | 0.4296 | 100 | ||||
271 | 4 | 65190.07 | 7920.10 | 0.3150 | |||||
272 | 4 | 133551.02 | 6309.27 | 0.1840 | |||||
273 | 4 | 48321.39 | 5921.53 | 0.3841 | 100 | ||||
274 | 4 | 107810.52 | 7524.65 | 0.3750 | 100 | ||||
275 | 4 | 64233.81 | 4782.73 | 0.2639 | 100 | ||||
276 | 4 | 195227.03 | 4404.48 | 0.3204 | 100 | ||||
277 | 4 | 90899.59 | 5830.26 | 0.2153 | |||||
278 | 4 | 216712.57 | 8114.09 | 0.3192 | 100 | ||||
279 | 4 | 740788.50 | 7841.03 | 0.4105 | 100 | ||||
280 | 4 | 229597.68 | 6536.83 | 0.3729 | |||||
281 | 4 | 94959.31 | 6354.42 | 0.4485 | 78.2069 | ||||
282 | 4 | 101227.08 | 11582.14 | 0.3826 | 100 | ||||
283 | 4 | 569550.59 | 21556.68 | 0.4176 | 100 | ||||
284 | 4 | 845463.33 | 9051.19 | 0.3851 | 100 | ||||
285 | 4 | 51579.57 | 6300.58 | 0.4490 | 100 | ||||
286 | 4 | 574294.46 | 5105.47 | 0.2945 | |||||
287 | 4 | 107329.53 | 7449.29 | 0.4287 | |||||
288 | 4 | 437464.62 | 6012.72 | 0.1795 | 100 | ||||
289 | 4 | 458108.91 | 18812.11 | 0.2963 | 100 | ||||
290 | 4 | 84957.05 | 7637.74 | 0.2260 | |||||
291 | 4 | 153191.51 | 4007.19 | 0.3339 | |||||
292 | 4 | 158242.36 | 9451.52 | 0.2358 | |||||
293 | 4 | 491535.90 | 7178.39 | 0.2650 | |||||
294 | 4 | 196672.60 | 11606.12 | 0.4232 | |||||
295 | 4 | 275200.69 | 9807.15 | 0.1774 | |||||
296 | 4 | 534103.83 | 10324.08 | 0.4489 | 100 | ||||
297 | 4 | 315032.74 | 2753.56 | 0.4242 | |||||
298 | 4 | 168673.00 | 5724.52 | 0.4077 | |||||
299 | 4 | 213066.79 | 5618.91 | 0.2917 | |||||
300 | 4 | 555470.24 | 6264.13 | 0.0968 | |||||
301 | 4 | 149012.99 | 4994.98 | 0.3681 | |||||
302 | 4 | 589895.37 | 13237.61 | 0.5195 |
120 | 121 | 122 | 123 | 124 | 125 | 126 | 127 | 128 | 129 | |
City | State | Postal Code | Property Type | Occupancy | Sales Price | Original Appraised Property Value |
Original Property Valuation Type |
Original Property Valuation Date |
Original Automated Valuation Model (AVM) Model Name |
|
1 | Boston | MA | 02118 | 3 | 1 | 1075000.00 | 1075000.00 | 3 | 20120807 | |
2 | Tahoe City | CA | 96145 | 1 | 2 | 770000.00 | 3 | 20120509 | ||
3 | Redding | CA | 96001 | 1 | 1 | 725000.00 | 3 | 20120523 | ||
4 | Palm Desert | CA | 92260 | 7 | 1 | 3100000.00 | 3 | 20120604 | ||
5 | Palm Desert | CA | 92660 | 7 | 2 | 1280000.00 | 3 | 20120522 | ||
6 | STOCKTON | CA | 95219 | 7 | 1 | 650000.00 | 3 | 20120725 | ||
7 | San Jose | CA | 95125 | 1 | 1 | 1183000.00 | 3 | 20120619 | ||
8 | South Lake Tahoe | CA | 96150 | 7 | 2 | 785000.00 | 785000.00 | 3 | 20120801 | |
9 | Duluth | GA | 30096 | 7 | 1 | 1475000.00 | 3 | 20120309 | ||
10 | Milton | GA | 30004 | 7 | 2 | 915000.00 | 940000.00 | 3 | 20120531 | |
11 | Suwanee | GA | 30024 | 7 | 1 | 640000.00 | 640000.00 | 3 | 20120530 | |
12 | Atlanta | GA | 30327 | 1 | 1 | 800000.00 | 98 | 20120521 | ||
13 | Buford | GA | 30518 | 1 | 1 | 1360000.00 | 3 | 20120622 | ||
14 | Suwanee | GA | 30024 | 7 | 1 | 670000.00 | 680000.00 | 3 | 20120620 | |
15 | Atlanta | GA | 30306 | 1 | 1 | 825000.00 | 3 | 20120717 | ||
16 | Atlanta | GA | 30305 | 1 | 1 | 851300.00 | 860000.00 | 3 | 20120814 | |
17 | Meridian | ID | 83642 | 1 | 1 | 585000.00 | 3 | 20120329 | ||
18 | Southlake | TX | 76092 | 7 | 1 | 850000.00 | 860000.00 | 3 | 20120713 | |
19 | Longmont | CO | 80503 | 7 | 1 | 980000.00 | 3 | 20120622 | ||
20 | Frisco | TX | 75034 | 7 | 1 | 1500000.00 | 3 | 20120706 | ||
21 | Frisco | TX | 75034 | 7 | 1 | 710000.00 | 3 | 20120716 | ||
22 | KIRKLAND | WA | 98033 | 1 | 1 | 900000.00 | 3 | 20120410 | ||
23 | CHICAGO | IL | 60613 | 1 | 1 | 1500000.00 | 3 | 20120531 | ||
24 | NORTHBROOK | IL | 60062 | 1 | 1 | 917500.00 | 915500.00 | 3 | 20120504 | |
25 | CHICAGO | IL | 60614 | 1 | 1 | 3650000.00 | 3750000.00 | 3 | 20120509 | |
26 | Western Springs | IL | 60558 | 1 | 1 | 1225000.00 | 3 | 20120525 | ||
27 | PARK RIDGE | IL | 60068 | 1 | 1 | 816500.00 | 851000.00 | 3 | 20120612 | |
28 | ST CHARLES | IL | 60175 | 7 | 1 | 735000.00 | 735000.00 | 3 | 20120709 | |
29 | La Canada Flintridge | CA | 91011 | 1 | 1 | 1400000.00 | 3 | 20120629 | ||
30 | Houston | TX | 77057 | 7 | 1 | 1775000.00 | 3 | 20120326 | ||
31 | Arden | NC | 28704 | 7 | 1 | 1050000.00 | 3 | 20120514 | ||
32 | Huntersville | NC | 28078 | 7 | 1 | 980000.00 | 3 | 20120511 | ||
33 | AUSTIN | TX | 78730 | 1 | 1 | 850000.00 | 3 | 20120614 | ||
34 | AUSTIN | TX | 78746 | 7 | 1 | 639000.00 | 645000.00 | 3 | 20120813 | |
35 | POWELL | OH | 43065 | 7 | 1 | 640000.00 | 660000.00 | 3 | 20120717 | |
36 | HOUSTON | TX | 77081 | 1 | 1 | 1135000.00 | 3 | 20120529 | ||
37 | HOUSTON | TX | 77055 | 1 | 1 | 1375000.00 | 3 | 20120807 | ||
38 | THE WOODLANDS | TX | 77381 | 7 | 1 | 752000.00 | 3 | 20120706 | ||
39 | Sunnyvale | CA | 94087 | 1 | 1 | 1265000.00 | 1265000.00 | 3 | 20120618 | |
40 | Solana Beach | CA | 92075 | 1 | 1 | 1025000.00 | 1050000.00 | 3 | 20120628 | |
41 | NAPA | CA | 94558 | 1 | 2 | 1425000.00 | 1425000.00 | 3 | 20120622 | |
42 | GRANITE BAY | CA | 95746 | 1 | 1 | 1100000.00 | 1050000.00 | 3 | 20120711 | |
43 | Englewood | CO | 80111 | 7 | 1 | 951000.00 | 995000.00 | 3 | 20120717 | |
44 | Denver | CO | 80220 | 1 | 1 | 1300000.00 | 1300000.00 | 3 | 20120814 | |
45 | Denver | CO | 80206 | 12 | 1 | 835000.00 | 850000.00 | 3 | 20120810 | |
46 | EL DORADO HILLS | CA | 95762 | 7 | 1 | 1062500.00 | 1060000.00 | 3 | 20120629 | |
47 | SACRAMENTO | CA | 95818 | 1 | 1 | 825000.00 | 3 | 20120715 | ||
48 | NORTHVILLE | MI | 48168 | 7 | 1 | 555000.00 | 566000.00 | 3 | 20120608 | |
49 | FRANKLIN | TN | 37064 | 7 | 1 | 650000.00 | 3 | 20120409 | ||
50 | ENCINITAS | CA | 92024 | 1 | 1 | 1320000.00 | 3 | 20120310 | ||
51 | SCANDIA | MN | 55073 | 1 | 1 | 725000.00 | 3 | 20120518 | ||
52 | GREENWOOD VILLAGE | CO | 80111 | 1 | 1 | 1185000.00 | 3 | 20120619 | ||
53 | MOUNTAIN VIEW | CA | 94040 | 1 | 1 | 1530000.00 | 3 | 20120627 | ||
54 | NEWPORT COAST | CA | 92657 | 7 | 1 | 1300000.00 | 3 | 20120611 | ||
55 | CANYON COUNTRY | CA | 91387 | 7 | 1 | 940000.00 | 1060000.00 | 3 | 20120508 | |
56 | HOUSTON | TX | 77055 | 1 | 1 | 765000.00 | 770000.00 | 3 | 20120607 | |
57 | MERCER ISLAND | WA | 98040 | 1 | 1 | 1474000.00 | 3 | 20120523 | ||
58 | VERO BEACH | FL | 32963 | 7 | 1 | 878000.00 | 3 | 20120522 | ||
59 | BEVERLY HILLS | CA | 90210 | 3 | 1 | 1812500.00 | 1725000.00 | 3 | 20120523 | |
60 | MANHATTAN BEACH | CA | 90266 | 1 | 1 | 2000000.00 | 3 | 20120523 | ||
61 | KEY BISCAYNE | FL | 33149 | 1 | 1 | 1525000.00 | 1525000.00 | 3 | 20120521 | |
62 | MOORPARK | CA | 93021 | 7 | 1 | 1250000.00 | 1250000.00 | 3 | 20120702 | |
63 | MEADOW VISTA | CA | 95722 | 7 | 1 | 690000.00 | 760000.00 | 3 | 20120606 | |
64 | PORTLAND | OR | 97212 | 1 | 1 | 865000.00 | 880000.00 | 3 | 20120608 | |
65 | KIRKLAND | WA | 98033 | 1 | 1 | 1175000.00 | 1175000.00 | 3 | 20120521 | |
66 | NEWPORT BEACH | CA | 92660 | 3 | 1 | 1200000.00 | 3 | 20120531 | ||
67 | LOS ANGELES | CA | 90046 | 1 | 1 | 945000.00 | 3 | 20120525 | ||
68 | WESTON | FL | 33327 | 7 | 1 | 950000.00 | 975000.00 | 3 | 20120605 | |
69 | SAINT CHARLES | MO | 63304 | 7 | 1 | 650000.00 | 3 | 20120604 | ||
70 | LOS ANGELES | CA | 90004 | 1 | 1 | 950000.00 | 3 | 20120531 | ||
71 | HOUSTON | TX | 77056 | 7 | 1 | 3550000.00 | 3 | 20120607 | ||
72 | DAVIE | FL | 33330 | 7 | 1 | 980000.00 | 1050000.00 | 3 | 20120618 | |
73 | CARNATION | WA | 98014 | 1 | 1 | 1280000.00 | 3 | 20120724 | ||
74 | CHICAGO | IL | 60613 | 1 | 1 | 775000.00 | 3 | 20120618 | ||
75 | BELLEVUE | WA | 98005 | 1 | 1 | 2500000.00 | 3 | 20120620 | ||
76 | LOS ANGELES | CA | 90034 | 1 | 1 | 2625000.00 | 3 | 20120702 | ||
77 | BELLEVUE | WA | 98006 | 1 | 1 | 930000.00 | 3 | 20120722 | ||
78 | TUCSON | AZ | 85750 | 7 | 1 | 925000.00 | 930000.00 | 3 | 20120619 | |
79 | MINNEAPOLIS | MN | 55436 | 1 | 1 | 1900000.00 | 3 | 20120626 | ||
80 | CUPERTINO | CA | 95014 | 1 | 1 | 960000.00 | 3 | 20120628 | ||
81 | LINCOLN | MA | 01773 | 1 | 1 | 1325000.00 | 1325000.00 | 3 | 20120627 | |
82 | SAN JOSE | CA | 95129 | 1 | 1 | 1538000.00 | 1330000.00 | 3 | 20120627 | |
83 | PORTLAND | OR | 97239 | 4 | 1 | 1100000.00 | 3 | 20120706 | ||
84 | LA QUINTA | CA | 92253 | 7 | 2 | 900000.00 | 925000.00 | 3 | 20120727 | |
85 | SHAVER LAKE | CA | 93664 | 7 | 1 | 975000.00 | 3 | 20120804 | ||
86 | SCOTTSDALE | AZ | 85259 | 7 | 1 | 695000.00 | 704000.00 | 3 | 20120816 | |
87 | NORTHVILLE | MI | 48168 | 7 | 1 | 790000.00 | 800000.00 | 3 | 20120727 | |
88 | Chandler | AZ | 85249 | 7 | 1 | 755000.00 | 768000.00 | 3 | 20120812 | |
89 | Carbondale | CO | 81623 | 1 | 1 | 1100000.00 | 1100000.00 | 3 | 20120614 | |
90 | WHITEFISH BAY | WI | 53217 | 1 | 1 | 1500000.00 | 3 | 20120511 | ||
91 | Paradise Valley | AZ | 85253 | 7 | 1 | 1450000.00 | 1460000.00 | 3 | 20120708 | |
92 | Loomis | CA | 95650 | 7 | 1 | 1000000.00 | 3 | 20120628 | ||
93 | Saint Helena | CA | 94574 | 1 | 1 | 1300000.00 | 3 | 20120713 | ||
94 | Ashburn | VA | 20147 | 7 | 1 | 990000.00 | 1000000.00 | 3 | 20120625 | |
95 | PARK CITY | UT | 84098 | 7 | 2 | 1475100.00 | 1500000.00 | 3 | 20120710 | |
96 | Denver | CO | 80209 | 7 | 1 | 1225000.00 | 1250000.00 | 3 | 20120614 | |
97 | Denver | CO | 80210 | 1 | 1 | 1275000.00 | 1285000.00 | 3 | 20120716 | |
98 | Boulder | CO | 80304 | 1 | 1 | 900000.00 | 3 | 20120807 | ||
99 | Denver | CO | 80220 | 1 | 1 | 1200000.00 | 3 | 20120727 | ||
100 | Redding | CA | 96003 | 7 | 1 | 858000.00 | 3 | 20120620 | ||
101 | PETALUMA | CA | 94952 | 1 | 1 | 1125000.00 | 1125000.00 | 3 | 20120625 | |
102 | BRECKENRIDGE | CO | 80424 | 1 | 1 | 1217000.00 | 3 | 20120815 | ||
103 | Denver | CO | 80210 | 1 | 1 | 1025000.00 | 1050000.00 | 3 | 20120623 | |
104 | Humble | TX | 77346 | 7 | 1 | 625000.00 | 3 | 20120806 | ||
105 | Arroyo Grande | CA | 93420 | 1 | 1 | 1250000.00 | 1250000.00 | 3 | 20120712 | |
106 | NASHVILLE | TN | 37215 | 1 | 1 | 1250000.00 | 3 | 20120806 | ||
107 | WESTMINSTER | CO | 80031 | 7 | 1 | 630000.00 | 3 | 20120720 | ||
108 | NASHVILLE | TN | 37221 | 1 | 1 | 960000.00 | 3 | 20120719 | ||
109 | DAYTONA BEACH | FL | 32118 | 4 | 2 | 850000.00 | 3 | 20120418 | ||
110 | SEATTLE | WA | 98112 | 7 | 1 | 2075000.00 | 3 | 20120622 | ||
111 | Denver | CO | 80230 | 7 | 1 | 1115000.00 | 3 | 20120730 | ||
112 | Magnolia | TX | 77355 | 7 | 1 | 1100000.00 | 3 | 20120517 | ||
113 | BIRMINGHAM | MI | 48009 | 1 | 1 | 740000.00 | 3 | 20120502 | ||
114 | Magnolia | TX | 77354 | 7 | 1 | 725000.00 | 3 | 20120524 | ||
115 | San Diego | CA | 92109 | 3 | 2 | 1335000.00 | 1335000.00 | 3 | 20120618 | |
116 | monte sereno | CA | 95030 | 1 | 1 | 1285000.00 | 3 | 20120712 | ||
117 | La Jolla | CA | 92037 | 7 | 1 | 1025000.00 | 3 | 20120628 | ||
118 | CARLSBAD | CA | 92009 | 1 | 1 | 870000.00 | 3 | 20120703 | ||
119 | SAN JOSE | CA | 95120 | 1 | 1 | 1005000.00 | 1080000.00 | 3 | 20120710 | |
120 | Boca Raton | FL | 33487 | 1 | 1 | 1825000.00 | 3 | 20120725 | ||
121 | AURORA | CO | 80016 | 7 | 1 | 720000.00 | 3 | 20120722 | ||
122 | San Diego | CA | 92116 | 1 | 1 | 835000.00 | 3 | 20120719 | ||
123 | westport | CT | 06880 | 1 | 1 | 1340000.00 | 3 | 20120726 | ||
124 | SAN DIEGO | CA | 92103 | 1 | 1 | 1130000.00 | 3 | 20120731 | ||
125 | CARLSBAD | CA | 92011 | 7 | 1 | 820000.00 | 825000.00 | 3 | 20120726 | |
126 | Encino | CA | 91436 | 1 | 1 | 965000.00 | 965000.00 | 3 | 20120802 | |
127 | TARZANA | CA | 91356 | 1 | 1 | 975000.00 | 975000.00 | 3 | 20120807 | |
128 | BELLEVUE | WA | 98004 | 1 | 1 | 1362000.00 | 1365000.00 | 3 | 20120815 | |
129 | Rancho Palos Verdes | CA | 90275 | 1 | 1 | 1365000.00 | 3 | 20120717 | ||
130 | Dallas | TX | 75214 | 1 | 1 | 1150000.00 | 3 | 20120514 | ||
131 | Dallas | TX | 75230 | 1 | 2 | 1095000.00 | 1095000.00 | 3 | 20120703 | |
132 | Dallas | TX | 75225 | 1 | 1 | 1225000.00 | 3 | 20120613 | ||
133 | Dallas | TX | 75225 | 1 | 1 | 935000.00 | 935000.00 | 3 | 20120712 | |
134 | University Park | TX | 75225 | 1 | 1 | 1145000.00 | 3 | 20120706 | ||
135 | University Park | TX | 75205 | 12 | 1 | 705000.00 | 705000.00 | 3 | 20120818 | |
136 | Dallas | TX | 75225 | 1 | 1 | 950000.00 | 3 | 20120803 | ||
137 | University Park | TX | 75205 | 1 | 1 | 2000000.00 | 3 | 20120817 | ||
138 | Dallas | TX | 75205 | 1 | 1 | 1570000.00 | 1575000.00 | 3 | 20120810 | |
139 | LOS ALTOS HILLS | CA | 94022 | 1 | 1 | 2500000.00 | 3 | 20120724 | ||
140 | Dallas | TX | 75214 | 1 | 1 | 725000.00 | 725000.00 | 3 | 20120724 | |
141 | University Park | TX | 75225 | 1 | 1 | 1100000.00 | 1100000.00 | 3 | 20120713 | |
142 | Austin | TX | 78746 | 7 | 1 | 1200000.00 | 3 | 20120614 | ||
143 | Austin | TX | 78733 | 7 | 1 | 1145000.00 | 3 | 20120725 | ||
144 | Cambridge | MA | 02138 | 1 | 1 | 1239350.00 | 1240000.00 | 3 | 20120715 | |
145 | Andover | MA | 01810 | 1 | 1 | 844000.00 | 850000.00 | 3 | 20120814 | |
146 | San Juan Capastrano | CA | 92675 | 7 | 1 | 998979.00 | 1000000.00 | 3 | 20120604 | |
147 | PHOENIX | AZ | 85018 | 1 | 1 | 1200000.00 | 3 | 20120523 | ||
148 | Belmont | NC | 28012 | 7 | 1 | 637500.00 | 640000.00 | 3 | 20120809 | |
149 | Virginia Beach | VA | 23451 | 1 | 1 | 2000000.00 | 3 | 20120521 | ||
150 | AUSTIN | TX | 78704 | 1 | 1 | 694000.00 | 3 | 20120728 | ||
151 | Bridgehampton | NY | 11932 | 1 | 2 | 2700000.00 | 3 | 20120731 | ||
152 | Scarsdale | NY | 10583 | 1 | 1 | 2130000.00 | 2150000.00 | 3 | 20120430 | |
153 | New York | NY | 10021 | 2 | 1 | 830000.00 | 3 | 20120420 | ||
154 | New York | NY | 10128 | 4 | 1 | 1520000.00 | 3 | 20120523 | ||
155 | West Newton | MA | 02465 | 1 | 1 | 1600000.00 | 3 | 20120622 | ||
156 | New York | NY | 10021 | 2 | 1 | 1900000.00 | 3 | 20120613 | ||
157 | Hoboken | NJ | 07030 | 1 | 1 | 1400000.00 | 3 | 20120709 | ||
158 | Brooklyn | NY | 11201 | 2 | 1 | 2750000.00 | 3 | 20120712 | ||
159 | New York | NY | 10016 | 4 | 1 | 1200000.00 | 3 | 20120611 | ||
160 | Rye Brook | NY | 10573 | 1 | 1 | 1175000.00 | 3 | 20120726 | ||
161 | Pelham | NY | 10803 | 1 | 1 | 1125000.00 | 3 | 20120405 | ||
162 | New Canaan | CT | 06840 | 1 | 1 | 1445000.00 | 3 | 20120608 | ||
163 | DALLAS | TX | 75254 | 1 | 1 | 935000.00 | 960000.00 | 3 | 20120507 | |
164 | SCOTTSDALE | AZ | 85262 | 7 | 1 | 2400000.00 | 3 | 20120327 | ||
165 | PARADISE VALLEY | AZ | 85253 | 1 | 1 | 1425000.00 | 3 | 20120719 | ||
166 | GILBERT | AZ | 85234 | 7 | 1 | 705000.00 | 705000.00 | 3 | 20120709 | |
167 | APEX | NC | 27502 | 7 | 1 | 732000.00 | 732000.00 | 3 | 20120616 | |
168 | RYE | NY | 10580 | 1 | 1 | 999999.00 | 1050000.00 | 3 | 20120524 | |
169 | WATER MILL | NY | 11976 | 1 | 2 | 1350000.00 | 3 | 20120620 | ||
170 | Loveland | CO | 80538 | 7 | 1 | 1100000.00 | 1100000.00 | 3 | 20120801 | |
171 | FALLS CHURCH | VA | 22043 | 1 | 1 | 1320000.00 | 1410000.00 | 3 | 20120706 | |
172 | LEWES | DE | 19958 | 1 | 1 | 1600000.00 | 3 | 20120507 | ||
173 | REHOBOTH BEACH | DE | 19971 | 7 | 1 | 2000000.00 | 3 | 20120626 | ||
174 | PIKE ROAD | AL | 36064 | 7 | 1 | 850000.00 | 3 | 20120614 | ||
175 | RICHMOND | VA | 23221 | 7 | 1 | 1201500.00 | 3 | 20120727 | ||
176 | LOS ANGELES | CA | 90045 | 1 | 1 | 825000.00 | 3 | 20120521 | ||
177 | SANTA ANA | CA | 92705 | 1 | 1 | 1250000.00 | 3 | 20120703 | ||
178 | SANTA ROSA BEACH | FL | 32459 | 7 | 2 | 2628000.00 | 2800000.00 | 3 | 20120725 | |
179 | PINEHURST | NC | 28374 | 7 | 1 | 1295000.00 | 3 | 20120504 | ||
180 | CLEVELAND | MO | 64734 | 1 | 1 | 850000.00 | 3 | 20120529 | ||
181 | MENLO PARK | CA | 94025 | 1 | 1 | 2400000.00 | 3 | 20120228 | ||
182 | JOHNS CREEK | GA | 30022 | 7 | 1 | 945000.00 | 958000.00 | 3 | 20120622 | |
183 | PROSPER | TX | 75078 | 7 | 1 | 715000.00 | 721000.00 | 3 | 20120627 | |
184 | WESTLAKE | TX | 76262 | 7 | 1 | 1150000.00 | 1200000.00 | 3 | 20120713 | |
185 | CINCINNATI | OH | 45208 | 1 | 1 | 880000.00 | 880000.00 | 3 | 20120805 | |
186 | Los Angeles | CA | 90027 | 1 | 1 | 2500000.00 | 3 | 20120516 | ||
187 | Bellevue | WA | 98006 | 7 | 1 | 775000.00 | 3 | 20120630 | ||
188 | EL PASO | TX | 79912 | 1 | 1 | 1200000.00 | 3 | 20120627 | ||
189 | HOUSTON | TX | 77098 | 7 | 1 | 1299900.00 | 1275000.00 | 3 | 20120720 | |
190 | The Woodlands | TX | 77380 | 7 | 1 | 1025000.00 | 1050000.00 | 3 | 20120709 | |
191 | HIGHLAND PARK | TX | 75205 | 1 | 1 | 1500000.00 | 3 | 20120628 | ||
192 | NEWPORT BEACH | CA | 92660 | 1 | 1 | 1220000.00 | 1220000.00 | 3 | 20120713 | |
193 | HERMOSA BEACH | CA | 90254 | 3 | 1 | 1305000.00 | 1305000.00 | 3 | 20120620 | |
194 | Los Angeles | CA | 90048 | 1 | 1 | 1000000.00 | 1080000.00 | 3 | 20120615 | |
195 | CUPERTINO | CA | 95014 | 1 | 1 | 1565000.00 | 3 | 20120613 | ||
196 | PALO ALTO | CA | 94306 | 1 | 1 | 1387000.00 | 1385000.00 | 3 | 20120720 | |
197 | SAN JOSE | CA | 95125 | 1 | 1 | 958000.00 | 970000.00 | 3 | 20120622 | |
198 | Arnold | MD | 21012 | 1 | 1 | 2000000.00 | 3 | 20120517 | ||
199 | SAN LUIS OBISPO | CA | 93401 | 1 | 1 | 1200000.00 | 3 | 20120531 | ||
200 | Fort collins | CO | 80528 | 7 | 1 | 963400.00 | 965000.00 | 3 | 20120709 | |
201 | Boulder | CO | 80303 | 1 | 1 | 1100000.00 | 3 | 20120616 | ||
202 | Glenwood Springs | CO | 81601 | 7 | 1 | 815000.00 | 830000.00 | 3 | 20120717 | |
203 | Seattle | WA | 98115 | 1 | 1 | 760000.00 | 765000.00 | 3 | 20120707 | |
204 | Seattle | WA | 98103 | 1 | 1 | 1150000.00 | 3 | 20120619 | ||
205 | Seattle | WA | 98144 | 1 | 1 | 1356000.00 | 3 | 20120723 | ||
206 | SAN DIEGO | CA | 92107 | 1 | 1 | 1100000.00 | 3 | 20120511 | ||
207 | SOUTH PASADENA | CA | 91030 | 13 | 1 | 1200000.00 | 3 | 20120612 | ||
208 | LOS ALTOS | CA | 94024 | 1 | 1 | 1845000.00 | 3 | 20120611 | ||
209 | SAN JOSE | CA | 95124 | 1 | 1 | 1150000.00 | 3 | 20120810 | ||
210 | MORGAN HILL | CA | 95037 | 1 | 1 | 1780000.00 | 3 | 20120711 | ||
211 | LOS ANGELES | CA | 90066 | 1 | 1 | 1135000.00 | 3 | 20120705 | ||
212 | SARATOGA | CA | 95070 | 6 | 1 | 1179000.00 | 1179000.00 | 3 | 20120709 | |
213 | VILLA PARK | CA | 92667 | 1 | 1 | 1475000.00 | 3 | 20120719 | ||
214 | SHINGLE SPRINGS | CA | 95682 | 7 | 1 | 612500.00 | 640000.00 | 3 | 20120809 | |
215 | GLENDALE | CA | 91206 | 1 | 1 | 970000.00 | 985000.00 | 3 | 20120820 | |
216 | THOUSAND OAKS | CA | 91320 | 7 | 1 | 949000.00 | 950000.00 | 3 | 20120822 | |
217 | LOS GATOS | CA | 95032 | 7 | 1 | 1501000.00 | 1501000.00 | 3 | 20120727 | |
218 | KINGSVILLE | MD | 21087 | 7 | 1 | 650000.00 | 650000.00 | 3 | 20120605 | |
219 | DALLAS | TX | 75230 | 1 | 1 | 1165000.00 | 3 | 20120521 | ||
220 | DALLAS | TX | 75225 | 1 | 1 | 1145000.00 | 3 | 20120612 | ||
221 | Albuquerque | NM | 87111 | 7 | 1 | 916500.00 | 3 | 20120709 | ||
222 | ELLICOTT CITY | MD | 21042 | 7 | 1 | 1460349.00 | 1470000.00 | 3 | 20120723 | |
223 | SAINT HELENA | CA | 94574 | 1 | 1 | 1275000.00 | 3 | 20120711 | ||
224 | CARMEL | CA | 93923 | 1 | 2 | 1100000.00 | 3 | 20120801 | ||
225 | SAN JOSE | CA | 95125 | 1 | 1 | 1153000.00 | 1175000.00 | 3 | 20120817 | |
226 | Oxnard | CA | 93035 | 1 | 1 | 950000.00 | 961000.00 | 3 | 20120621 | |
227 | Hood River | OR | 97031 | 1 | 1 | 880000.00 | 3 | 20120620 | ||
228 | Medina | WA | 98039 | 1 | 1 | 4000000.00 | 3 | 20120808 | ||
229 | Seattle | WA | 98136 | 1 | 1 | 830000.00 | 3 | 20120717 | ||
230 | BELLAIRE | TX | 77401 | 1 | 1 | 980000.00 | 3 | 20120512 | ||
231 | HIGHLAND PARK | TX | 75205 | 1 | 1 | 1207651.00 | 1275000.00 | 3 | 20120420 | |
232 | DALLAS | TX | 75225 | 1 | 1 | 1650000.00 | 3 | 20120702 | ||
233 | ARGYLE | TX | 76226 | 1 | 1 | 725000.00 | 3 | 20120731 | ||
234 | DALLAS | TX | 75209 | 1 | 1 | 818681.00 | 865000.00 | 3 | 20120730 | |
235 | SAN ANTONIO | TX | 78258 | 7 | 1 | 1550000.00 | 3 | 20120625 | ||
236 | DALLAS | TX | 75230 | 1 | 1 | 1102000.00 | 3 | 20120605 | ||
237 | SCOTTSDALE | AZ | 85260 | 7 | 1 | 1015000.00 | 1015000.00 | 3 | 20120522 | |
238 | RENO | NV | 89511 | 7 | 1 | 1500000.00 | 3 | 20120618 | ||
239 | CARROLLTON | TX | 75010 | 7 | 1 | 680000.00 | 98 | 20120716 | ||
240 | UNIVERSITY PARK | TX | 75225 | 1 | 1 | 768000.00 | 764000.00 | 3 | 20120620 | |
241 | COLLEYVILLE | TX | 76034 | 7 | 1 | 665000.00 | 672000.00 | 3 | 20120721 | |
242 | DALLAS | TX | 75252 | 7 | 1 | 875000.00 | 900000.00 | 3 | 20120813 | |
243 | WEST HARTFORD | CT | 06107 | 1 | 1 | 750000.00 | 3 | 20120726 | ||
244 | NEW CANAAN | CT | 06840 | 1 | 1 | 2055000.00 | 3 | 20120607 | ||
245 | ABILENE | TX | 79602 | 1 | 1 | 800000.00 | 945000.00 | 3 | 20120725 | |
246 | NEWCASTLE | WA | 98056 | 1 | 1 | 670000.00 | 3 | 20120711 | ||
247 | ODESSA | TX | 79765 | 7 | 1 | 1400000.00 | 3 | 20120702 | ||
248 | VIRGINIA BEACH | VA | 23451 | 1 | 1 | 975000.00 | 3 | 20120703 | ||
249 | FRANKLIN | TN | 37069 | 7 | 1 | 1250000.00 | 3 | 20120425 | ||
250 | ATLANTA | GA | 30342 | 7 | 1 | 1350000.00 | 3 | 20120712 | ||
251 | WINCHESTER | MA | 01890 | 1 | 1 | 1550000.00 | 3 | 20120611 | ||
252 | DALLAS | TX | 75214 | 1 | 1 | 775000.00 | 3 | 20120523 | ||
253 | SAN JUAN CAPISTRANO | CA | 92675 | 7 | 1 | 1189000.00 | 1189000.00 | 3 | 20120731 | |
254 | CHATSWORTH | CA | 91311 | 1 | 1 | 950000.00 | 950000.00 | 3 | 20120526 | |
255 | SCOTTSDALE | AZ | 85255 | 7 | 1 | 1015000.00 | 3 | 20120712 | ||
256 | DALLAS | TX | 75225 | 1 | 1 | 1150000.00 | 1530000.00 | 3 | 20120705 | |
257 | SUMMIT | NJ | 07901 | 1 | 1 | 1250000.00 | 1250000.00 | 3 | 20120514 | |
258 | CHARLOTTE | NC | 28207 | 1 | 1 | 875000.00 | 886000.00 | 3 | 20120611 | |
259 | ALBUQUERQUE | NM | 87111 | 7 | 1 | 810000.00 | 820000.00 | 3 | 20120726 | |
260 | SAN DIEGO | CA | 92130 | 1 | 1 | 1175000.00 | 1175000.00 | 3 | 20120529 | |
261 | AUSTIN | TX | 78746 | 7 | 1 | 1035000.00 | 1050000.00 | 3 | 20120713 | |
262 | AUSTIN | TX | 78705 | 1 | 1 | 1090000.00 | 1125000.00 | 3 | 20120720 | |
263 | HOUSTON | TX | 77024 | 7 | 1 | 1690000.00 | 1710000.00 | 3 | 20120717 | |
264 | SPOKANE | WA | 99223 | 7 | 1 | 630000.00 | 3 | 20120626 | ||
265 | AUSTIN | TX | 78734 | 7 | 1 | 1750000.00 | 1760000.00 | 3 | 20120723 | |
266 | FULSHEAR | TX | 77441 | 7 | 1 | 766000.00 | 3 | 20120809 | ||
267 | HIGHLAND PARK | TX | 75209 | 1 | 1 | 992000.00 | 3 | 20120730 | ||
268 | roseville | CA | 95661 | 7 | 1 | 695000.00 | 720000.00 | 3 | 20120601 | |
269 | West Linn | OR | 97068 | 1 | 1 | 992000.00 | 3 | 20120508 | ||
270 | LAS VEGAS | NV | 89135 | 7 | 1 | 875000.00 | 875000.00 | 3 | 20120621 | |
271 | HENDERSON | NV | 89052 | 7 | 1 | 1800000.00 | 3 | 20120504 | ||
272 | YUBA CITY | CA | 95993 | 1 | 1 | 703000.00 | 3 | 20120423 | ||
273 | BELLEVUE | WA | 98006 | 7 | 1 | 811000.00 | 820000.00 | 3 | 20120620 | |
274 | LAKEWOOD | WA | 98499 | 1 | 1 | 1075000.00 | 1075000.00 | 3 | 20120731 | |
275 | HENDERSON | NV | 89052 | 7 | 1 | 725000.00 | 750000.00 | 3 | 20120808 | |
276 | SEATTLE | WA | 98136 | 1 | 1 | 1200000.00 | 1300000.00 | 3 | 20120712 | |
277 | LAS VEGAS | NV | 89123 | 1 | 1 | 1000000.00 | 3 | 20120706 | ||
278 | SEATTLE | WA | 98103 | 1 | 1 | 815000.00 | 815000.00 | 3 | 20120814 | |
279 | NAPA | CA | 94558 | 1 | 1 | 1435000.00 | 1435000.00 | 3 | 20120613 | |
280 | Hinsdale | IL | 60521 | 1 | 1 | 750000.00 | 3 | 20120611 | ||
281 | Dayton | MD | 21036 | 7 | 1 | 850000.00 | 850000.00 | 3 | 20120710 | |
282 | Gardnerville | NV | 89410 | 1 | 1 | 865000.00 | 900000.00 | 3 | 20120629 | |
283 | Wayland | MA | 01778 | 1 | 1 | 3250000.00 | 3250000.00 | 3 | 20120810 | |
284 | Seattle | WA | 98115 | 1 | 1 | 1210000.00 | 1270000.00 | 3 | 20120802 | |
285 | San Jose | CA | 95129 | 1 | 1 | 1088800.00 | 1145000.00 | 3 | 20120718 | |
286 | St. Louis | MO | 63141 | 1 | 1 | 818000.00 | 3 | 20120625 | ||
287 | MONTGOMERY | TX | 77356 | 7 | 1 | 801000.00 | 3 | 20120801 | ||
288 | Austin | TX | 78701 | 4 | 1 | 743000.00 | 765000.00 | 3 | 20120815 | |
289 | Newton | MA | 02456 | 1 | 1 | 2990000.00 | 2875000.00 | 3 | 20120702 | |
290 | El Paso | TX | 79922 | 7 | 1 | 720000.00 | 3 | 20120626 | ||
291 | Clinton | WA | 98236 | 1 | 1 | 1000000.00 | 3 | 20120816 | ||
292 | Brooklyn | NY | 11217 | 13 | 1 | 2700000.00 | 3 | 20120509 | ||
293 | New York | NY | 10011 | 4 | 1 | 1335000.00 | 3 | 20120517 | ||
294 | BERLIN | MD | 21811 | 1 | 2 | 875000.00 | 3 | 20120430 | ||
295 | ARNOLD | MD | 21012 | 7 | 1 | 1550000.00 | 3 | 20120703 | ||
296 | manhattan beach | CA | 90266 | 1 | 1 | 1455000.00 | 1455000.00 | 3 | 20120725 | |
297 | LOS ANGELES | CA | 91387 | 1 | 1 | 1200000.00 | 3 | 20120706 | ||
298 | LAGUNA NIGUEL | CA | 92677 | 7 | 1 | 1800000.00 | 3 | 20120720 | ||
299 | NEW ALBANY | OH | 43054 | 7 | 1 | 860000.00 | 3 | 20120504 | ||
300 | ATLANTA | GA | 30305 | 1 | 1 | 1650000.00 | 3 | 20120612 | ||
301 | LOOMIS | CA | 95650 | 1 | 1 | 1225000.00 | 3 | 20120628 | ||
302 | LOS ALTOS | CA | 94022 | 1 | 1 | 1810000.00 | 3 | 20120626 |
130 | 131 | 132 | 133 | 134 | 135 | 136 | 137 | 138 | 139 | 140 | |
Original AVM Confidence Score |
Most Recent Property Value2 |
Most Recent Property Valuation Type |
Most Recent Property Valuation Date |
Most Recent AVM Model Name |
Most Recent AVM Confidence Score |
Original CLTV | Original LTV | Original Pledged Assets |
Mortgage Insurance Company Name |
Mortgage
Insurance Percent | |
1 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
2 | 0.7272 | 0.7272 | 0 | 0 | 0 | ||||||
3 | 0.6482 | 0.6482 | 0 | 0 | 0 | ||||||
4 | 0.4354 | 0.4354 | 0 | 0 | 0 | ||||||
5 | 0.7500 | 0.7500 | 0 | 0 | 0 | ||||||
6 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
7 | 0.6906 | 0.6906 | 0 | 0 | 0 | ||||||
8 | 0.7500 | 0.7500 | 0 | 0 | 0 | ||||||
9 | 0.5128 | 0.5128 | 0 | 0 | 0 | ||||||
10 | 0.6557 | 0.6557 | 0 | 0 | 0 | ||||||
11 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
12 | 0.7935 | 0.7935 | 0 | 0 | 0 | ||||||
13 | 0.6661 | 0.6661 | 0 | 0 | 0 | ||||||
14 | 0.7879 | 0.7879 | 0 | 0 | 0 | ||||||
15 | 0.7957 | 0.7957 | 0 | 0 | 0 | ||||||
16 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
17 | 0.7794 | 0.7794 | 0 | 0 | 0 | ||||||
18 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
19 | 0.7913 | 0.7913 | 0 | 0 | 0 | ||||||
20 | 0.5333 | 0.5333 | 0 | 0 | 0 | ||||||
21 | 0.7145 | 0.7145 | 0 | 0 | 0 | ||||||
22 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
23 | 0.6500 | 0.6500 | 0 | 0 | 0 | ||||||
24 | 0.6013 | 0.6013 | 0 | 0 | 0 | ||||||
25 | 0.6000 | 0.6000 | 0 | 0 | 0 | ||||||
26 | 0.6448 | 0.6448 | 0 | 0 | 0 | ||||||
27 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
28 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
29 | 0.6985 | 0.6985 | 0 | 0 | 0 | ||||||
30 | 0.7000 | 0.7000 | 0 | 0 | 0 | ||||||
31 | 0.7733 | 0.7733 | 0 | 0 | 0 | ||||||
32 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
33 | 0.7000 | 0.7000 | 0 | 0 | 0 | ||||||
34 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
35 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
36 | 0.6607 | 0.6607 | 0 | 0 | 0 | ||||||
37 | 0.6763 | 0.6763 | 0 | 0 | 0 | ||||||
38 | 0.7579 | 0.7579 | 0 | 0 | 0 | ||||||
39 | 0.5533 | 0.5533 | 0 | 0 | 0 | ||||||
40 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
41 | 0.5614 | 0.5614 | 0 | 0 | 0 | ||||||
42 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
43 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
44 | 0.7692 | 0.7692 | 0 | 0 | 0 | ||||||
45 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
46 | 0.7000 | 0.7000 | 0 | 0 | 0 | ||||||
47 | 0.6418 | 0.6418 | 0 | 0 | 0 | ||||||
48 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
49 | 0.8000 | 0.7306 | 0 | 0 | 0 | ||||||
50 | 0.4810 | 0.4810 | 0 | 0 | 0 | ||||||
51 | 0.6500 | 0.6500 | 0 | 0 | 0 | ||||||
52 | 0.7848 | 0.7848 | 0 | 0 | 0 | ||||||
53 | 0.5882 | 0.5882 | 0 | 0 | 0 | ||||||
54 | 0.7400 | 0.7400 | 0 | 0 | 0 | ||||||
55 | 0.7500 | 0.7500 | 0 | 0 | 0 | ||||||
56 | 0.7500 | 0.7500 | 0 | 0 | 0 | ||||||
57 | 0.6092 | 0.6092 | 0 | 0 | 0 | ||||||
58 | 0.6500 | 0.6500 | 0 | 0 | 0 | ||||||
59 | 0.7500 | 0.7500 | 0 | 0 | 0 | ||||||
60 | 0.4955 | 0.4955 | 0 | 0 | 0 | ||||||
61 | 0.5737 | 0.5737 | 0 | 0 | 0 | ||||||
62 | 0.6800 | 0.6800 | 0 | 0 | 0 | ||||||
63 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
64 | 0.5919 | 0.5919 | 0 | 0 | 0 | ||||||
65 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
66 | 0.6041 | 0.6041 | 0 | 0 | 0 | ||||||
67 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
68 | 0.6315 | 0.6315 | 0 | 0 | 0 | ||||||
69 | 0.7215 | 0.7215 | 0 | 0 | 0 | ||||||
70 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
71 | 0.2788 | 0.2788 | 0 | 0 | 0 | ||||||
72 | 0.7500 | 0.7500 | 0 | 0 | 0 | ||||||
73 | 0.7695 | 0.7695 | 0 | 0 | 0 | ||||||
74 | 0.6500 | 0.6500 | 0 | 0 | 0 | ||||||
75 | 0.3532 | 0.3532 | 0 | 0 | 0 | ||||||
76 | 0.5714 | 0.3809 | 0 | 0 | 0 | ||||||
77 | 0.7827 | 0.7827 | 0 | 0 | 0 | ||||||
78 | 0.7500 | 0.7500 | 0 | 0 | 0 | ||||||
79 | 0.6578 | 0.5263 | 0 | 0 | 0 | ||||||
80 | 0.7880 | 0.7395 | 0 | 0 | 0 | ||||||
81 | 0.5094 | 0.5094 | 0 | 0 | 0 | ||||||
82 | 0.7500 | 0.7500 | 0 | 0 | 0 | ||||||
83 | 0.5590 | 0.5590 | 0 | 0 | 0 | ||||||
84 | 0.7000 | 0.7000 | 0 | 0 | 0 | ||||||
85 | 0.7692 | 0.7692 | 0 | 0 | 0 | ||||||
86 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
87 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
88 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
89 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
90 | 0.5781 | 0.5781 | 0 | 0 | 0 | ||||||
91 | 0.7000 | 0.7000 | 0 | 0 | 0 | ||||||
92 | 0.5580 | 0.5580 | 0 | 0 | 0 | ||||||
93 | 0.6187 | 0.5553 | 0 | 0 | 0 | ||||||
94 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
95 | 0.6779 | 0.6779 | 0 | 0 | 0 | ||||||
96 | 0.7000 | 0.7000 | 0 | 0 | 0 | ||||||
97 | 0.7843 | 0.7843 | 0 | 0 | 0 | ||||||
98 | 0.7888 | 0.7888 | 0 | 0 | 0 | ||||||
99 | 0.7541 | 0.7541 | 0 | 0 | 0 | ||||||
100 | 0.7983 | 0.7983 | 0 | 0 | 0 | ||||||
101 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
102 | 0.3434 | 0.3434 | 0 | 0 | 0 | ||||||
103 | 0.6500 | 0.6500 | 0 | 0 | 0 | ||||||
104 | 0.7816 | 0.7816 | 0 | 0 | 0 | ||||||
105 | 0.6000 | 0.6000 | 0 | 0 | 0 | ||||||
106 | 0.7240 | 0.7240 | 0 | 0 | 0 | ||||||
107 | 0.7142 | 0.7142 | 0 | 0 | 0 | ||||||
108 | 0.6145 | 0.6145 | 0 | 0 | 0 | ||||||
109 | 0.7500 | 0.7500 | 0 | 0 | 0 | ||||||
110 | 0.5947 | 0.5947 | 0 | 0 | 0 | ||||||
111 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
112 | 0.7300 | 0.7300 | 0 | 0 | 0 | ||||||
113 | 0.7000 | 0.7000 | 0 | 0 | 0 | ||||||
114 | 0.7034 | 0.7034 | 0 | 0 | 0 | ||||||
115 | 0.6500 | 0.6500 | 0 | 0 | 0 | ||||||
116 | 0.5727 | 0.5727 | 0 | 0 | 0 | ||||||
117 | 0.7970 | 0.7970 | 0 | 0 | 0 | ||||||
118 | 0.7792 | 0.7792 | 0 | 0 | 0 | ||||||
119 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
120 | 0.6684 | 0.6684 | 0 | 0 | 0 | ||||||
121 | 0.7916 | 0.7916 | 0 | 0 | 0 | ||||||
122 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
123 | 0.5037 | 0.5037 | 0 | 0 | 0 | ||||||
124 | 0.6000 | 0.6000 | 0 | 0 | 0 | ||||||
125 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
126 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
127 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
128 | 0.5822 | 0.5822 | 0 | 0 | 0 | ||||||
129 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
130 | 0.6617 | 0.6617 | 0 | 0 | 0 | ||||||
131 | 0.5433 | 0.5433 | 0 | 0 | 0 | ||||||
132 | 0.6591 | 0.6591 | 0 | 0 | 0 | ||||||
133 | 0.6000 | 0.6000 | 0 | 0 | 0 | ||||||
134 | 0.5050 | 0.5050 | 0 | 0 | 0 | ||||||
135 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
136 | 0.7404 | 0.7404 | 0 | 0 | 0 | ||||||
137 | 0.4940 | 0.4940 | 0 | 0 | 0 | ||||||
138 | 0.7000 | 0.7000 | 0 | 0 | 0 | ||||||
139 | 0.3096 | 0.3096 | 0 | 0 | 0 | ||||||
140 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
141 | 0.5909 | 0.5909 | 0 | 0 | 0 | ||||||
142 | 0.7493 | 0.7493 | 0 | 0 | 0 | ||||||
143 | 0.6528 | 0.6528 | 0 | 0 | 0 | ||||||
144 | 0.5648 | 0.5648 | 0 | 0 | 0 | ||||||
145 | 0.7000 | 0.7000 | 0 | 0 | 0 | ||||||
146 | 0.6957 | 0.6957 | 0 | 0 | 0 | ||||||
147 | 0.6500 | 0.6500 | 0 | 0 | 0 | ||||||
148 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
149 | 0.4995 | 0.4995 | 0 | 0 | 0 | ||||||
150 | 0.7844 | 0.7844 | 0 | 0 | 0 | ||||||
151 | 0.4851 | 0.3000 | 0 | 0 | 0 | ||||||
152 | 0.4694 | 0.4694 | 0 | 0 | 0 | ||||||
153 | 0.7720 | 0.7720 | 0 | 0 | 0 | ||||||
154 | 0.5559 | 0.5559 | 0 | 0 | 0 | ||||||
155 | 0.6250 | 0.6250 | 0 | 0 | 0 | ||||||
156 | 0.5157 | 0.5157 | 0 | 0 | 0 | ||||||
157 | 0.7985 | 0.6557 | 0 | 0 | 0 | ||||||
158 | 0.2512 | 0.2512 | 0 | 0 | 0 | ||||||
159 | 0.5933 | 0.5933 | 0 | 0 | 0 | ||||||
160 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
161 | 0.6400 | 0.6400 | 0 | 0 | 0 | ||||||
162 | 0.6920 | 0.6920 | 0 | 0 | 0 | ||||||
163 | 0.6598 | 0.6598 | 0 | 0 | 0 | ||||||
164 | 0.6458 | 0.6458 | 0 | 0 | 0 | ||||||
165 | 0.7462 | 0.7462 | 0 | 0 | 0 | ||||||
166 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
167 | 0.7500 | 0.7500 | 0 | 0 | 0 | ||||||
168 | 0.7999 | 0.7999 | 0 | 0 | 0 | ||||||
169 | 0.5743 | 0.5743 | 0 | 0 | 0 | ||||||
170 | 0.5909 | 0.5909 | 0 | 0 | 0 | ||||||
171 | 0.7500 | 0.7500 | 0 | 0 | 0 | ||||||
172 | 0.3906 | 0.3906 | 0 | 0 | 0 | ||||||
173 | 0.5325 | 0.5325 | 0 | 0 | 0 | ||||||
174 | 0.7147 | 0.7147 | 0 | 0 | 0 | ||||||
175 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
176 | 0.7868 | 0.7868 | 0 | 0 | 0 | ||||||
177 | 0.6856 | 0.6856 | 0 | 0 | 0 | ||||||
178 | 0.5707 | 0.5707 | 0 | 0 | 0 | ||||||
179 | 0.6872 | 0.6108 | 0 | 0 | 0 | ||||||
180 | 0.6964 | 0.6964 | 0 | 0 | 0 | ||||||
181 | 0.5860 | 0.5860 | 0 | 0 | 0 | ||||||
182 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
183 | 0.6783 | 0.6783 | 0 | 0 | 0 | ||||||
184 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
185 | 0.6363 | 0.6363 | 0 | 0 | 0 | ||||||
186 | 0.5040 | 0.5040 | 0 | 0 | 0 | ||||||
187 | 0.7406 | 0.7406 | 0 | 0 | 0 | ||||||
188 | 0.7984 | 0.7984 | 0 | 0 | 0 | ||||||
189 | 0.5490 | 0.5490 | 0 | 0 | 0 | ||||||
190 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
191 | 0.5880 | 0.5213 | 0 | 0 | 0 | ||||||
192 | 0.7786 | 0.7786 | 0 | 0 | 0 | ||||||
193 | 0.6168 | 0.6168 | 0 | 0 | 0 | ||||||
194 | 0.7500 | 0.7500 | 0 | 0 | 0 | ||||||
195 | 0.6837 | 0.6837 | 0 | 0 | 0 | ||||||
196 | 0.6500 | 0.6500 | 0 | 0 | 0 | ||||||
197 | 0.7995 | 0.7995 | 0 | 0 | 0 | ||||||
198 | 0.4865 | 0.4865 | 0 | 0 | 0 | ||||||
199 | 0.5833 | 0.5833 | 0 | 0 | 0 | ||||||
200 | 0.7500 | 0.7500 | 0 | 0 | 0 | ||||||
201 | 0.7777 | 0.5504 | 0 | 0 | 0 | ||||||
202 | 0.7000 | 0.7000 | 0 | 0 | 0 | ||||||
203 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
204 | 0.7352 | 0.6617 | 0 | 0 | 0 | ||||||
205 | 0.6953 | 0.6953 | 0 | 0 | 0 | ||||||
206 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
207 | 0.7000 | 0.7000 | 0 | 0 | 0 | ||||||
208 | 0.5680 | 0.3783 | 0 | 0 | 0 | ||||||
209 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
210 | 0.7275 | 0.7275 | 0 | 0 | 0 | ||||||
211 | 0.7048 | 0.7048 | 0 | 0 | 0 | ||||||
212 | 0.7158 | 0.7158 | 0 | 0 | 0 | ||||||
213 | 0.6779 | 0.6779 | 0 | 0 | 0 | ||||||
214 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
215 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
216 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
217 | 0.7500 | 0.7500 | 0 | 0 | 0 | ||||||
218 | 0.7846 | 0.7846 | 0 | 0 | 0 | ||||||
219 | 0.7974 | 0.7974 | 0 | 0 | 0 | ||||||
220 | 0.5406 | 0.5406 | 0 | 0 | 0 | ||||||
221 | 0.6585 | 0.6585 | 0 | 0 | 0 | ||||||
222 | 0.7499 | 0.7499 | 0 | 0 | 0 | ||||||
223 | 0.5151 | 0.5151 | 0 | 0 | 0 | ||||||
224 | 0.5956 | 0.5956 | 0 | 0 | 0 | ||||||
225 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
226 | 0.7500 | 0.7500 | 0 | 0 | 0 | ||||||
227 | 0.7261 | 0.7261 | 0 | 0 | 0 | ||||||
228 | 0.4954 | 0.4954 | 0 | 0 | 0 | ||||||
229 | 0.7469 | 0.7469 | 0 | 0 | 0 | ||||||
230 | 0.6051 | 0.6051 | 0 | 0 | 0 | ||||||
231 | 0.4968 | 0.4968 | 0 | 0 | 0 | ||||||
232 | 0.6896 | 0.6896 | 0 | 0 | 0 | ||||||
233 | 0.7213 | 0.7213 | 0 | 0 | 0 | ||||||
234 | 0.7499 | 0.7499 | 0 | 0 | 0 | ||||||
235 | 0.4529 | 0.4529 | 0 | 0 | 0 | ||||||
236 | 0.5867 | 0.5867 | 0 | 0 | 0 | ||||||
237 | 0.7980 | 0.7980 | 0 | 0 | 0 | ||||||
238 | 0.6295 | 0.6295 | 0 | 0 | 0 | ||||||
239 | 0.7985 | 0.7985 | 0 | 0 | 0 | ||||||
240 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
241 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
242 | 0.7500 | 0.7500 | 0 | 0 | 0 | ||||||
243 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
244 | 0.7500 | 0.7500 | 0 | 0 | 0 | ||||||
245 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
246 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
247 | 0.3492 | 0.3492 | 0 | 0 | 0 | ||||||
248 | 0.7282 | 0.7282 | 0 | 0 | 0 | ||||||
249 | 0.7500 | 0.7500 | 0 | 0 | 0 | ||||||
250 | 0.6777 | 0.6777 | 0 | 0 | 0 | ||||||
251 | 0.6290 | 0.6290 | 0 | 0 | 0 | ||||||
252 | 0.6390 | 0.6390 | 0 | 0 | 0 | ||||||
253 | 0.7443 | 0.7443 | 0 | 0 | 0 | ||||||
254 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
255 | 0.7083 | 0.7083 | 0 | 0 | 0 | ||||||
256 | 0.7391 | 0.7391 | 0 | 0 | 0 | ||||||
257 | 0.6400 | 0.6400 | 0 | 0 | 0 | ||||||
258 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
259 | 0.7407 | 0.7407 | 0 | 0 | 0 | ||||||
260 | 0.5744 | 0.5744 | 0 | 0 | 0 | ||||||
261 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
262 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
263 | 0.5911 | 0.5911 | 0 | 0 | 0 | ||||||
264 | 0.7292 | 0.7292 | 0 | 0 | 0 | ||||||
265 | 0.5714 | 0.5714 | 0 | 0 | 0 | ||||||
266 | 0.7387 | 0.7387 | 0 | 0 | 0 | ||||||
267 | 0.6035 | 0.6035 | 0 | 0 | 0 | ||||||
268 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
269 | 0.6360 | 0.4848 | 0 | 0 | 0 | ||||||
270 | 0.7428 | 0.7428 | 0 | 0 | 0 | ||||||
271 | 0.5000 | 0.5000 | 0 | 0 | 0 | ||||||
272 | 0.7112 | 0.7112 | 0 | 0 | 0 | ||||||
273 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
274 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
275 | 0.7500 | 0.7500 | 0 | 0 | 0 | ||||||
276 | 0.7500 | 0.7500 | 0 | 0 | 0 | ||||||
277 | 0.7500 | 0.7500 | 0 | 0 | 0 | ||||||
278 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
279 | 0.7500 | 0.7500 | 0 | 0 | 0 | ||||||
280 | 0.7453 | 0.7453 | 0 | 0 | 0 | ||||||
281 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
282 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
283 | 0.7000 | 0.7000 | 0 | 0 | 0 | ||||||
284 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
285 | 0.7500 | 0.7500 | 0 | 0 | 0 | ||||||
286 | 0.6442 | 0.6442 | 0 | 0 | 0 | ||||||
287 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
288 | 0.7500 | 0.7500 | 0 | 0 | 0 | ||||||
289 | 0.5217 | 0.5217 | 0 | 0 | 0 | ||||||
290 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
291 | 0.5735 | 0.5735 | 0 | 0 | 0 | ||||||
292 | 0.6500 | 0.6500 | 0 | 0 | 0 | ||||||
293 | 0.7490 | 0.7490 | 0 | 0 | 0 | ||||||
294 | 0.7500 | 0.7500 | 0 | 0 | 0 | ||||||
295 | 0.6387 | 0.6387 | 0 | 0 | 0 | ||||||
296 | 0.7972 | 0.7972 | 0 | 0 | 0 | ||||||
297 | 0.7000 | 0.7000 | 0 | 0 | 0 | ||||||
298 | 0.4486 | 0.3931 | 0 | 0 | 0 | ||||||
299 | 0.8000 | 0.8000 | 0 | 0 | 0 | ||||||
300 | 0.5964 | 0.5964 | 0 | 0 | 0 | ||||||
301 | 0.6025 | 0.6025 | 0 | 0 | 0 | ||||||
302 | 0.5249 | 0.5249 | 0 | 0 | 0 |
141 | 142 | 143 | 144 | 145 | 146 | 147 | 148 | 149 | 150 | |
MI:
Lender or Borrower Paid? |
Pool
Insurance Co. Name |
Pool
Insurance Stop Loss % |
MI
Certificate Number |
Updated
DTI (Front-end) |
Updated
DTI (Back-end) |
Modification Effective Payment Date |
Total
Capitalized Amount |
Total
Deferred Amount |
Pre-Modification Interest (Note) Rate | |
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255 | ||||||||||
256 | ||||||||||
257 | ||||||||||
258 | ||||||||||
259 | ||||||||||
260 | ||||||||||
261 | ||||||||||
262 | ||||||||||
263 | ||||||||||
264 | ||||||||||
265 | ||||||||||
266 | ||||||||||
267 | ||||||||||
268 | ||||||||||
269 | ||||||||||
270 | ||||||||||
271 | ||||||||||
272 | ||||||||||
273 | ||||||||||
274 | ||||||||||
275 | ||||||||||
276 | ||||||||||
277 | ||||||||||
278 | ||||||||||
279 | ||||||||||
280 | ||||||||||
281 | ||||||||||
282 | ||||||||||
283 | ||||||||||
284 | ||||||||||
285 | ||||||||||
286 | ||||||||||
287 | ||||||||||
288 | ||||||||||
289 | ||||||||||
290 | ||||||||||
291 | ||||||||||
292 | ||||||||||
293 | ||||||||||
294 | ||||||||||
295 | ||||||||||
296 | ||||||||||
297 | ||||||||||
298 | ||||||||||
299 | ||||||||||
300 | ||||||||||
301 | ||||||||||
302 |
151 | 152 | 153 | 154 | 155 | 156 | 157 | 158 | 159 | 160 | |
Pre-Modification P&I Payment |
Pre-Modification Initial Interest Rate Change Downward Cap |
Pre-Modification Subsequent Interest Rate Cap |
Pre-Modification Next Interest Rate Change Date |
Pre-Modification I/O Term |
Forgiven Principal Amount |
Forgiven Interest Amount |
Number of Modifications |
Cash To/From Brrw at Closing | Brrw - Yrs at in Industry | |
1 | 2 | |||||||||
2 | 19 | |||||||||
3 | 4 | |||||||||
4 | 35 | |||||||||
5 | 35 | |||||||||
6 | 25 | |||||||||
7 | 9 | |||||||||
8 | 4.5 | |||||||||
9 | 28 | |||||||||
10 | 45 | |||||||||
11 | 21 | |||||||||
12 | 10 | |||||||||
13 | 20.25 | |||||||||
14 | 4 | |||||||||
15 | 16 | |||||||||
16 | 3 | |||||||||
17 | 18 | |||||||||
18 | 16.5 | |||||||||
19 | 32 | |||||||||
20 | 8 | |||||||||
21 | 20 | |||||||||
22 | 25 | |||||||||
23 | 22 | |||||||||
24 | 10 | |||||||||
25 | 11.6 | |||||||||
26 | 4.3 | |||||||||
27 | 2 | |||||||||
28 | 19 | |||||||||
29 | 25 | |||||||||
30 | 11.6 | |||||||||
31 | 16 | |||||||||
32 | 22 | |||||||||
33 | 18 | |||||||||
34 | 7 | |||||||||
35 | 12 | |||||||||
36 | 21 | |||||||||
37 | 15 | |||||||||
38 | 13 | |||||||||
39 | 11 | |||||||||
40 | 5.5 | |||||||||
41 | 7 | |||||||||
42 | 16 | |||||||||
43 | 10 | |||||||||
44 | 11 | |||||||||
45 | 18 | |||||||||
46 | 14 | |||||||||
47 | 5 | |||||||||
48 | 12 | |||||||||
49 | 10 | |||||||||
50 | 25 | |||||||||
51 | 25 | |||||||||
52 | 4 | |||||||||
53 | 19 | |||||||||
54 | 32 | |||||||||
55 | 18 | |||||||||
56 | 4 | |||||||||
57 | 22 | |||||||||
58 | 14.25 | |||||||||
59 | 5 | |||||||||
60 | 10 | |||||||||
61 | 5 | |||||||||
62 | 20 | |||||||||
63 | 30 | |||||||||
64 | 20 | |||||||||
65 | 27 | |||||||||
66 | 29 | |||||||||
67 | 11 | |||||||||
68 | 10 | |||||||||
69 | 35 | |||||||||
70 | 8 | |||||||||
71 | 28.5 | |||||||||
72 | 29 | |||||||||
73 | 6 | |||||||||
74 | 10 | |||||||||
75 | 25 | |||||||||
76 | 22 | |||||||||
77 | 17 | |||||||||
78 | 30 | |||||||||
79 | 19 | |||||||||
80 | 16 | |||||||||
81 | 25 | |||||||||
82 | 13 | |||||||||
83 | 0 | |||||||||
84 | 32 | |||||||||
85 | 5 | |||||||||
86 | 5 | |||||||||
87 | 12 | |||||||||
88 | 15 | |||||||||
89 | 0 | |||||||||
90 | 6 | |||||||||
91 | 4 | |||||||||
92 | 22 | |||||||||
93 | 24 | |||||||||
94 | 18 | |||||||||
95 | 32 | |||||||||
96 | 10 | |||||||||
97 | 22 | |||||||||
98 | 12 | |||||||||
99 | 15 | |||||||||
100 | 6 | |||||||||
101 | 28 | |||||||||
102 | 0 | |||||||||
103 | 24 | |||||||||
104 | 17 | |||||||||
105 | 0 | |||||||||
106 | 4 | |||||||||
107 | 4 | |||||||||
108 | 28 | |||||||||
109 | 25 | |||||||||
110 | 36.25 | |||||||||
111 | 15 | |||||||||
112 | 27 | |||||||||
113 | 34 | |||||||||
114 | 32 | |||||||||
115 | 32 | |||||||||
116 | 27 | |||||||||
117 | 25 | |||||||||
118 | 26 | |||||||||
119 | 13 | |||||||||
120 | 27 | |||||||||
121 | 23 | |||||||||
122 | 6 | |||||||||
123 | 17 | |||||||||
124 | 0 | |||||||||
125 | 24 | |||||||||
126 | 7 | |||||||||
127 | 18.5 | |||||||||
128 | 13 | |||||||||
129 | 26 | |||||||||
130 | 18 | |||||||||
131 | 0 | |||||||||
132 | 5 | |||||||||
133 | 5 | |||||||||
134 | 19 | |||||||||
135 | 4 | |||||||||
136 | 3 | |||||||||
137 | 14 | |||||||||
138 | 2 | |||||||||
139 | 27 | |||||||||
140 | 3 | |||||||||
141 | 18.5 | |||||||||
142 | 9 | |||||||||
143 | 9 | |||||||||
144 | 16 | |||||||||
145 | 11 | |||||||||
146 | 21 | |||||||||
147 | 5 | |||||||||
148 | 14 | |||||||||
149 | 15 | |||||||||
150 | 12 | |||||||||
151 | 10.25 | |||||||||
152 | 12 | |||||||||
153 | 30 | |||||||||
154 | 16 | |||||||||
155 | 11 | |||||||||
156 | 20 | |||||||||
157 | 9 | |||||||||
158 | 35 | |||||||||
159 | 3 | |||||||||
160 | 20 | |||||||||
161 | 20 | |||||||||
162 | 16 | |||||||||
163 | 21 | |||||||||
164 | 15 | |||||||||
165 | 9 | |||||||||
166 | 18 | |||||||||
167 | 10 | |||||||||
168 | 2 | |||||||||
169 | 15 | |||||||||
170 | 15 | |||||||||
171 | 15 | |||||||||
172 | 25 | |||||||||
173 | 30 | |||||||||
174 | 10 | |||||||||
175 | 12 | |||||||||
176 | 8 | |||||||||
177 | 15 | |||||||||
178 | 25 | |||||||||
179 | 15 | |||||||||
180 | 13 | |||||||||
181 | 20 | |||||||||
182 | 21 | |||||||||
183 | 16.5 | |||||||||
184 | 21 | |||||||||
185 | 15 | |||||||||
186 | 30 | |||||||||
187 | 13 | |||||||||
188 | 12 | |||||||||
189 | 40 | |||||||||
190 | 17 | |||||||||
191 | 17 | |||||||||
192 | 13 | |||||||||
193 | 20 | |||||||||
194 | 2 | |||||||||
195 | 30 | |||||||||
196 | 3 | |||||||||
197 | 20 | |||||||||
198 | 25 | |||||||||
199 | 17 | |||||||||
200 | 15 | |||||||||
201 | 12 | |||||||||
202 | 15 | |||||||||
203 | 8 | |||||||||
204 | 0 | |||||||||
205 | 15 | |||||||||
206 | 20 | |||||||||
207 | 15 | |||||||||
208 | 25 | |||||||||
209 | 17 | |||||||||
210 | 5.5 | |||||||||
211 | 10 | |||||||||
212 | 10 | |||||||||
213 | 24 | |||||||||
214 | 5 | |||||||||
215 | 14 | |||||||||
216 | 13 | |||||||||
217 | 15 | |||||||||
218 | 4 | |||||||||
219 | 10 | |||||||||
220 | 14 | |||||||||
221 | 0 | |||||||||
222 | 40 | |||||||||
223 | 17 | |||||||||
224 | 23 | |||||||||
225 | 6.5 | |||||||||
226 | 10 | |||||||||
227 | 16 | |||||||||
228 | 25 | |||||||||
229 | 13 | |||||||||
230 | 19 | |||||||||
231 | 15 | |||||||||
232 | 25 | |||||||||
233 | 15 | |||||||||
234 | 26 | |||||||||
235 | 12 | |||||||||
236 | 17 | |||||||||
237 | 22 | |||||||||
238 | 15 | |||||||||
239 | 18 | |||||||||
240 | 13 | |||||||||
241 | 18 | |||||||||
242 | 10 | |||||||||
243 | 5 | |||||||||
244 | 6 | |||||||||
245 | 13.5 | |||||||||
246 | 5 | |||||||||
247 | 10 | |||||||||
248 | 19 | |||||||||
249 | 9 | |||||||||
250 | 2 | |||||||||
251 | 10 | |||||||||
252 | 10.5 | |||||||||
253 | 15 | |||||||||
254 | 17 | |||||||||
255 | 12 | |||||||||
256 | 40 | |||||||||
257 | 17 | |||||||||
258 | 25 | |||||||||
259 | 32 | |||||||||
260 | 11 | |||||||||
261 | 17 | |||||||||
262 | 15 | |||||||||
263 | 20 | |||||||||
264 | 0 | |||||||||
265 | 13.25 | |||||||||
266 | 25.5 | |||||||||
267 | 32 | |||||||||
268 | 6 | |||||||||
269 | 0 | |||||||||
270 | 26 | |||||||||
271 | 7 | |||||||||
272 | 10 | |||||||||
273 | 10 | |||||||||
274 | 14 | |||||||||
275 | 3 | |||||||||
276 | 15 | |||||||||
277 | 21 | |||||||||
278 | 3 | |||||||||
279 | 3 | |||||||||
280 | 25 | |||||||||
281 | 25 | |||||||||
282 | 11 | |||||||||
283 | 12 | |||||||||
284 | 2 | |||||||||
285 | 7 | |||||||||
286 | 25 | |||||||||
287 | 13 | |||||||||
288 | 17 | |||||||||
289 | 20 | |||||||||
290 | 28 | |||||||||
291 | 28 | |||||||||
292 | 18 | |||||||||
293 | 22 | |||||||||
294 | 27 | |||||||||
295 | 15 | |||||||||
296 | 12 | |||||||||
297 | 25 | |||||||||
298 | 4 | |||||||||
299 | 12 | |||||||||
300 | 17 | |||||||||
301 | 33 | |||||||||
302 | 12 |
161 | 162 | 163 | 164 | 165 | 166 | 167 | |
CoBrrw - Yrs at in Industry | Junior Mortgage Drawn Amount | Maturity Date | Primary Borrower Wage Income (Salary) | Primary Borrower Wage Income (Bonus) | Primary Borrower Wage Income (Commission) | Co-Borrower Wage Income (Salary) | |
1 | 1.5 | 0.00 | 20421001 | 21341.00 | 0.00 | 0.00 | 4978.00 |
2 | 19 | 0.00 | 20420801 | 20822.54 | 0.00 | 0.00 | 19910.00 |
3 | 2 | 0.00 | 20420801 | 7466.67 | 0.00 | 0.00 | 0.00 |
4 | 0.00 | 20420901 | 127601.54 | 0.00 | 0.00 | 0.00 | |
5 | 0.00 | 20420801 | 18762.89 | 0.00 | 0.00 | 0.00 | |
6 | 0.00 | 20420901 | 12167.00 | 11994.00 | 0.00 | 0.00 | |
7 | 0.00 | 20420801 | 0.00 | 0.00 | 17244.18 | 0.00 | |
8 | 0.00 | 20420901 | 10883.00 | 0.00 | 0.00 | 5859.00 | |
9 | 0.00 | 20420801 | 35410.20 | 0.00 | 0.00 | ||
10 | 0.00 | 20420701 | 22220.65 | 0.00 | 0.00 | 0.00 | |
11 | 15 | 0.00 | 20420801 | 18056.00 | 0.00 | 0.00 | 3855.00 |
12 | 4 | 0.00 | 20420901 | 25323.75 | 0.00 | 0.00 | 0.00 |
13 | 33 | 0.00 | 20420901 | 14987.27 | 0.00 | 0.00 | 14318.00 |
14 | 10 | 0.00 | 20420801 | 17148.00 | 0.00 | 0.00 | 12981.00 |
15 | 0.00 | 20420901 | 24166.00 | 16061.00 | 0.00 | 0.00 | |
16 | 0.00 | 20420901 | 19301.06 | 0.00 | 0.00 | 0.00 | |
17 | 20 | 0.00 | 20420801 | 10999.00 | 0.00 | 0.00 | -515.00 |
18 | 20 | 0.00 | 20420801 | 0.00 | 0.00 | 0.00 | 12310.83 |
19 | 28 | 0.00 | 20420801 | 10123.42 | 0.00 | 0.00 | 4000.00 |
20 | 0.00 | 20420901 | 55440.87 | 0.00 | 0.00 | 0.00 | |
21 | 0.00 | 20420901 | 6051.00 | 0.00 | 10474.00 | 719.00 | |
22 | 0 | 0.00 | 20420801 | 29167.00 | 0.00 | 0.00 | 0.00 |
23 | 0 | 0.00 | 20420801 | 20026.35 | 0.00 | 0.00 | 0.00 |
24 | 10 | 0.00 | 20420701 | 12931.00 | 0.00 | 0.00 | 12908.00 |
25 | 0 | 0.00 | 20420601 | 101192.00 | 0.00 | 0.00 | 0.00 |
26 | 0 | 0.00 | 20420801 | 1925.00 | 0.00 | 18655.00 | 0.00 |
27 | 0 | 0.00 | 20420901 | 13333.00 | 0.00 | 0.00 | 0.00 |
28 | 0 | 0.00 | 20420801 | 15417.00 | 0.00 | 0.00 | 0.00 |
29 | 0 | 0.00 | 20420801 | 34549.00 | 0.00 | 0.00 | 0.00 |
30 | 0 | 0.00 | 20420601 | 54858.00 | 0.00 | 0.00 | 0.00 |
31 | 0.00 | 20420801 | 10150.00 | 1285.58 | 0.00 | 0.00 | |
32 | 0.00 | 20420901 | 20824.72 | 0.00 | 0.00 | 0.00 | |
33 | 0.00 | 20420801 | 16840.00 | 0.00 | 0.00 | 0.00 | |
34 | 6 | 0.00 | 20420901 | 15083.00 | 0.00 | 0.00 | 4833.00 |
35 | 0.25 | 0.00 | 20420901 | 27028.50 | 0.00 | 0.00 | 0.00 |
36 | 6 | 0.00 | 20420801 | 12089.29 | 0.00 | 0.00 | 10416.66 |
37 | 0.00 | 20420901 | 14583.33 | 10934.00 | 0.00 | 0.00 | |
38 | 10 | 0.00 | 20420901 | 12459.50 | 0.00 | 0.00 | 1610.00 |
39 | 4 | 0.00 | 20420801 | 13780.00 | 0.00 | 0.00 | 6895.00 |
40 | 3.5 | 0.00 | 20420801 | 12932.21 | 4063.68 | 0.00 | 14333.35 |
41 | 6 | 0.00 | 20420801 | 14166.95 | 0.00 | 0.00 | 8550.93 |
42 | 2.25 | 0.00 | 20420901 | 22711.00 | 0.00 | 0.00 | 0.00 |
43 | 0.00 | 20420901 | 28297.83 | 0.00 | 0.00 | 0.00 | |
44 | 0.00 | 20421001 | 19406.22 | 0.00 | 0.00 | 0.00 | |
45 | 0.00 | 20420901 | 20833.37 | 0.00 | 0.00 | 0.00 | |
46 | 14 | 0.00 | 20420801 | 9257.13 | 0.00 | 0.00 | 9257.12 |
47 | 0.00 | 20420901 | 9878.92 | 0.00 | 0.00 | 0.00 | |
48 | 0.00 | 20420701 | 6875.00 | 0.00 | 16138.84 | 0.00 | |
49 | 5.25 | 13784.00 | 20420801 | 3797.08 | 0.00 | 0.00 | 9182.78 |
50 | 0.00 | 20420601 | 27511.12 | 0.00 | 0.00 | 0.00 | |
51 | 0.00 | 20420801 | 24070.37 | 0.00 | 0.00 | 0.00 | |
52 | 0.00 | 20420901 | 14583.00 | 14583.00 | 0.00 | 0.00 | |
53 | 18 | 0.00 | 20420801 | 22441.62 | 0.00 | 0.00 | 14166.68 |
54 | 0.00 | 20420801 | 36376.40 | 0.00 | 0.00 | 0.00 | |
55 | 0.00 | 20420701 | 14000.00 | 0.00 | 0.00 | 0.00 | |
56 | 0 | 0.00 | 20420701 | 16375.09 | 17760.33 | 0.00 | 0.00 |
57 | 0 | 0.00 | 20420701 | 42572.92 | 0.00 | 0.00 | 0.00 |
58 | 0.00 | 20420801 | 15227.67 | 0.00 | 0.00 | 0.00 | |
59 | 5 | 0.00 | 20420801 | 1712.70 | 0.00 | 0.00 | 0.00 |
60 | 0.00 | 20420801 | 32901.00 | 0.00 | 0.00 | 0.00 | |
61 | 0.00 | 20420701 | 23833.34 | 0.00 | 0.00 | 0.00 | |
62 | 20 | 0.00 | 20420801 | 0.00 | 0.00 | 0.00 | 26599.78 |
63 | 20 | 0.00 | 20420701 | 17292.83 | 0.00 | 0.00 | 4931.00 |
64 | 10 | 0.00 | 20420801 | 12078.75 | 0.00 | 0.00 | 0.00 |
65 | 22 | 0.00 | 20420701 | 13833.34 | 0.00 | 0.00 | 10100.00 |
66 | 0.00 | 20420801 | 40875.91 | 0.00 | 0.00 | ||
67 | 15 | 0.00 | 20420801 | 18667.00 | 0.00 | 0.00 | 11112.00 |
68 | 9 | 0.00 | 20420801 | 8333.32 | 3288.63 | 0.00 | 15833.35 |
69 | 0.00 | 20420801 | 19483.50 | 0.00 | 0.00 | 0.00 | |
70 | 8 | 0.00 | 20420801 | 14825.00 | 0.00 | 0.00 | 3335.42 |
71 | 0.00 | 20420801 | 31413.33 | 0.00 | 0.00 | ||
72 | 2 | 0.00 | 20420801 | 32635.88 | 0.00 | 0.00 | 0.00 |
73 | 0.00 | 20420901 | 39861.92 | 0.00 | 0.00 | 0.00 | |
74 | 0.00 | 20420801 | 0.00 | 0.00 | 9207.26 | 0.00 | |
75 | 0.00 | 20420901 | 22565.59 | 0.00 | 0.00 | 0.00 | |
76 | 250000.00 | 20420801 | 38993.06 | 0.00 | 0.00 | 0.00 | |
77 | 20 | 0.00 | 20420901 | 8916.60 | 0.00 | 0.00 | 15000.00 |
78 | 0 | 0.00 | 20420801 | 39583.33 | 0.00 | 0.00 | 0.00 |
79 | 250000.00 | 20420901 | 30170.75 | 0.00 | 0.00 | 0.00 | |
80 | 46500.00 | 20420801 | 14242.99 | 0.00 | 0.00 | 0.00 | |
81 | 0.00 | 20420901 | 27083.33 | 25000.00 | 0.00 | 0.00 | |
82 | 7 | 0.00 | 20420901 | 13374.03 | 0.00 | 0.00 | 6954.16 |
83 | 0.00 | 20420901 | 2072.70 | 0.00 | 0.00 | 1789.70 | |
84 | 0.00 | 20420901 | 107145.00 | 0.00 | 0.00 | 0.00 | |
85 | 12 | 0.00 | 20420901 | 8000.05 | 0.00 | 0.00 | 8000.06 |
86 | 0.00 | 20420901 | 14583.00 | 500.00 | 0.00 | 0.00 | |
87 | 16 | 0.00 | 20420901 | 9533.28 | 0.00 | 0.00 | 3544.72 |
88 | 10 | 0.00 | 20420901 | 9517.84 | 0.00 | 0.00 | 6300.00 |
89 | 19 | 0.00 | 20420801 | 2461.00 | 0.00 | 0.00 | 17785.00 |
90 | 0.00 | 20420901 | 36888.76 | 0.00 | 0.00 | 0.00 | |
91 | 0.00 | 20420801 | 29078.04 | 0.00 | 0.00 | 0.00 | |
92 | 2 | 0.00 | 20420901 | 6157.50 | 0.00 | 0.00 | 2180.16 |
93 | 19 | 82400.00 | 20420801 | 22083.34 | 0.00 | 0.00 | 18864.56 |
94 | 0.00 | 20420801 | 6406.54 | 0.00 | 30876.61 | ||
95 | 0.00 | 20420801 | 41125.04 | 0.00 | 0.00 | 0.00 | |
96 | 0 | 0.00 | 20420801 | 32526.54 | 0.00 | 0.00 | 0.00 |
97 | 0.00 | 20420901 | 38955.21 | 0.00 | 0.00 | 0.00 | |
98 | 0.00 | 20421001 | 14158.00 | 0.00 | 0.00 | 0.00 | |
99 | 0.00 | 20420901 | 45671.89 | 0.00 | 0.00 | 0.00 | |
100 | 0.00 | 20420801 | 9501.12 | 0.00 | 0.00 | 0.00 | |
101 | 7 | 0.00 | 20420801 | 8744.83 | 0.00 | 0.00 | 0.00 |
102 | 0.00 | 20421001 | 7830.42 | 0.00 | 0.00 | 0.00 | |
103 | 0.00 | 20420801 | 11578.59 | 16.67 | 2782.05 | 0.00 | |
104 | 0.00 | 20420901 | 13110.01 | 0.00 | 0.00 | 0.00 | |
105 | 0.00 | 20420901 | 1414.79 | 0.00 | 0.00 | 1221.00 | |
106 | 0.00 | 20420901 | 19373.00 | 0.00 | 0.00 | 0.00 | |
107 | 0.00 | 20420901 | 21634.58 | 0.00 | 0.00 | 0.00 | |
108 | 0.00 | 20420901 | 18336.84 | 0.00 | 0.00 | 0.00 | |
109 | 0 | 0.00 | 20420701 | 32231.92 | 0.00 | 0.00 | 0.00 |
110 | 36.25 | 0.00 | 20420801 | 17625.00 | 0.00 | 0.00 | 13666.00 |
111 | 0.00 | 20420901 | 23583.34 | 0.00 | 0.00 | 0.00 | |
112 | 0.00 | 20420801 | 13833.34 | 12660.94 | 0.00 | 0.00 | |
113 | 0.00 | 20420801 | 23357.60 | 0.00 | 0.00 | 0.00 | |
114 | 0.00 | 20420801 | 17083.33 | 0.00 | 0.00 | 0.00 | |
115 | 27 | 0.00 | 20420801 | 13728.00 | 0.00 | 0.00 | 12814.53 |
116 | 0.00 | 20420901 | 10000.00 | 833.33 | 7213.11 | 0.00 | |
117 | 21.75 | 0.00 | 20420801 | 8397.05 | 0.00 | 0.00 | 6904.92 |
118 | 185.25 | 0.00 | 20420801 | 7945.04 | 0.00 | 0.00 | 9500.00 |
119 | 0.00 | 20420901 | 12833.33 | 1904.53 | 0.00 | 0.00 | |
120 | 0.00 | 20420901 | 28638.00 | 0.00 | 0.00 | 0.00 | |
121 | 0.00 | 20420901 | 38143.48 | 0.00 | 0.00 | 0.00 | |
122 | 8 | 0.00 | 20420901 | 12874.00 | 0.00 | 0.00 | 0.00 |
123 | 15 | 0.00 | 20420901 | 59992.29 | 0.00 | 0.00 | 10971.00 |
124 | 0.00 | 20420901 | 9977.09 | 0.00 | 0.00 | 9983.43 | |
125 | 16 | 0.00 | 20420901 | 10669.01 | 0.00 | 5353.97 | 3919.83 |
126 | 6 | 0.00 | 20421001 | 13583.62 | 0.00 | 0.00 | 1645.04 |
127 | 0.00 | 20420901 | 16508.34 | 0.00 | 0.00 | 0.00 | |
128 | 13 | 0.00 | 20420901 | 12673.42 | 0.00 | 0.00 | 11249.98 |
129 | 25 | 0.00 | 20420901 | 19573.93 | 0.00 | 0.00 | 15964.00 |
130 | 0.00 | 20420901 | 15049.75 | 11128.82 | 0.00 | 0.00 | |
131 | 0.00 | 20420801 | 15350.00 | 0.00 | 0.00 | 0.00 | |
132 | 0.00 | 20420801 | 22125.35 | 0.00 | 0.00 | 0.00 | |
133 | 0.00 | 20420801 | 8220.00 | 0.00 | 0.00 | 0.00 | |
134 | 0.00 | 20420801 | 20833.34 | 0.00 | 0.00 | 0.00 | |
135 | 0.00 | 20420901 | 22916.68 | 1168.83 | 0.00 | 0.00 | |
136 | 2 | 0.00 | 20420901 | 3584.83 | 0.00 | 0.00 | 4929.94 |
137 | 0.00 | 20420901 | 14583.33 | 24067.00 | 0.00 | 0.00 | |
138 | 0.00 | 20420901 | 322123.83 | 0.00 | 0.00 | 0.00 | |
139 | 14 | 0.00 | 20420901 | 6690.00 | 0.00 | 0.00 | 10521.33 |
140 | 0.00 | 20420901 | 35244.00 | 0.00 | 0.00 | 0.00 | |
141 | 0.00 | 20420801 | 12916.67 | 16917.99 | 0.00 | 0.00 | |
142 | 0.00 | 20420901 | 20255.70 | 0.00 | 0.00 | 0.00 | |
143 | 0.00 | 20420901 | 98320.13 | 0.00 | 0.00 | 0.00 | |
144 | 10 | 0.00 | 20420901 | 10100.00 | 0.00 | 0.00 | 8545.46 |
145 | 11 | 0.00 | 20420901 | 6845.96 | 0.00 | 0.00 | 8430.44 |
146 | 0.00 | 20420701 | 17228.38 | 6853.09 | 0.00 | 0.00 | |
147 | 2 | 0.00 | 20420801 | 19950.58 | 0.00 | 0.00 | 9216.77 |
148 | 0.00 | 20420901 | 20833.33 | 0.00 | 0.00 | 0.00 | |
149 | 0.00 | 20420701 | 55152.54 | 0.00 | 0.00 | 0.00 | |
150 | 0.00 | 20420901 | 13547.75 | 0.00 | 0.00 | 0.00 | |
151 | 275662.00 | 20420901 | 61933.29 | 0.00 | 0.00 | 0.00 | |
152 | 12 | 0.00 | 20420801 | 18821.00 | 0.00 | 0.00 | 14798.33 |
153 | 0.00 | 20420701 | 23307.70 | 0.00 | 0.00 | ||
154 | 0.00 | 20420801 | 16666.66 | 21565.00 | 0.00 | 0.00 | |
155 | 0 | 0.00 | 20420801 | 19866.25 | 0.00 | 0.00 | 0.00 |
156 | 0.00 | 20420901 | 28337.33 | 0.00 | 0.00 | 0.00 | |
157 | 19 | 191321.00 | 20420901 | 10417.00 | 0.00 | 0.00 | 20173.00 |
158 | 0.00 | 20420901 | 68908.71 | 0.00 | 0.00 | 0.00 | |
159 | 0.00 | 20421001 | 33245.60 | 0.00 | 0.00 | 0.00 | |
160 | 0.00 | 20420901 | 87320.66 | 0.00 | 0.00 | 0.00 | |
161 | 18 | 0.00 | 20420801 | 18750.00 | 0.00 | 0.00 | 2067.00 |
162 | 0.00 | 20420801 | 33333.34 | 0.00 | 0.00 | 0.00 | |
163 | 16 | 0.00 | 20420801 | 20370.33 | 0.00 | 0.00 | 19351.83 |
164 | 14 | 0.00 | 20420801 | 11752.00 | 0.00 | 0.00 | 9189.81 |
165 | 9 | 0.00 | 20420901 | 0.00 | 0.00 | 14417.00 | 5417.00 |
166 | 0.00 | 20420901 | 16816.00 | 0.00 | 0.00 | 0.00 | |
167 | 0.00 | 20420901 | 14578.86 | 5750.61 | 0.00 | 0.00 | |
168 | 0.00 | 20420901 | 19166.66 | 2114.58 | 0.00 | 0.00 | |
169 | 0.00 | 20420801 | 16070.90 | 19479.17 | 0.00 | 0.00 | |
170 | 0.00 | 20420901 | 15368.42 | 0.00 | 0.00 | 0.00 | |
171 | 0.00 | 20420801 | 15910.00 | 0.00 | 0.00 | 0.00 | |
172 | 0.00 | 20420901 | 9941.00 | 0.00 | 0.00 | 0.00 | |
173 | 2 | 0.00 | 20420901 | 9549.83 | 0.00 | 0.00 | 1946.70 |
174 | 6 | 0.00 | 20420901 | 9972.79 | 0.00 | 0.00 | 864.00 |
175 | 12 | 0.00 | 20420901 | 15000.00 | 0.00 | 0.00 | 3339.24 |
176 | 0.00 | 20420801 | 9177.30 | 0.00 | 12852.00 | 0.00 | |
177 | 0.00 | 20420901 | 14968.00 | 0.00 | 0.00 | 0.00 | |
178 | 0.00 | 20421001 | 85070.72 | 0.00 | 0.00 | 0.00 | |
179 | 15 | 55027.00 | 20420901 | 19639.82 | 0.00 | 0.00 | 3166.66 |
180 | 0.00 | 20420901 | 7240.19 | 0.00 | 35305.52 | 0.00 | |
181 | 0.00 | 20420401 | 41666.68 | 0.00 | 0.00 | 0.00 | |
182 | 0.00 | 20420901 | 22916.00 | 0.00 | 0.00 | 0.00 | |
183 | 0.00 | 20420801 | 12053.42 | 0.00 | 0.00 | 0.00 | |
184 | 0.00 | 20420801 | 17416.67 | 0.00 | 0.00 | 0.00 | |
185 | 0.00 | 20420901 | 19733.00 | 0.00 | 0.00 | 0.00 | |
186 | 0.00 | 20420801 | 19861.00 | 0.00 | 0.00 | 0.00 | |
187 | 9 | 0.00 | 20420801 | 10020.00 | 0.00 | 0.00 | 1045.00 |
188 | 0.00 | 20420901 | 28679.99 | 0.00 | 0.00 | 0.00 | |
189 | 0.00 | 20420901 | 8310.25 | 0.00 | 0.00 | 349.60 | |
190 | 0.00 | 20420801 | 24166.68 | 11231.64 | 0.00 | 0.00 | |
191 | 17 | 97016.00 | 20420801 | 18725.00 | 0.00 | 0.00 | 17848.42 |
192 | 0.00 | 20420901 | 12000.00 | 2159.00 | 0.00 | 0.00 | |
193 | 0.00 | 20420801 | 13544.00 | 0.00 | 0.00 | 0.00 | |
194 | 0.00 | 20420801 | 119906.00 | 0.00 | 0.00 | 0.00 | |
195 | 24 | 0.00 | 20420901 | 10210.00 | 0.00 | 0.00 | 12017.00 |
196 | 5 | 0.00 | 20420901 | 9166.00 | 0.00 | 0.00 | 9073.00 |
197 | 17 | 0.00 | 20420801 | 6998.00 | 0.00 | 0.00 | 11228.50 |
198 | 22 | 0.00 | 20420701 | 12900.72 | 0.00 | 0.00 | 4036.18 |
199 | 0.00 | 20420801 | 29714.34 | 0.00 | 0.00 | 0.00 | |
200 | 0.00 | 20420801 | 16666.67 | 0.00 | 0.00 | 0.00 | |
201 | 10 | 250000.00 | 20320801 | 10000.00 | 0.00 | 0.00 | 0.00 |
202 | 0.00 | 20420901 | 998.00 | 0.00 | 0.00 | 4880.00 | |
203 | 6 | 0.00 | 20420901 | 7897.06 | 0.00 | 0.00 | 13333.34 |
204 | 8 | 83481.00 | 20420801 | 0.00 | 0.00 | 0.00 | 10792.00 |
205 | 0.00 | 20420901 | 15216.00 | 2330.00 | 0.00 | 0.00 | |
206 | 0.00 | 20420901 | 13686.61 | 0.00 | 0.00 | 0.00 | |
207 | 10 | 0.00 | 20420801 | 5153.00 | 0.00 | 0.00 | 0.00 |
208 | 349737.00 | 20420801 | 17500.00 | 0.00 | 0.00 | 0.00 | |
209 | 9 | 0.00 | 20421001 | 14583.00 | 0.00 | 0.00 | 2179.00 |
210 | 5 | 0.00 | 20420901 | 47718.50 | 0.00 | 0.00 | 0.00 |
211 | 0.00 | 20420901 | 17974.00 | 0.00 | 0.00 | 0.00 | |
212 | 0.00 | 20420801 | 15960.13 | 0.00 | 0.00 | 0.00 | |
213 | 0.00 | 20420901 | 39500.00 | 0.00 | 0.00 | 0.00 | |
214 | 0.00 | 20420901 | 6427.46 | 217.78 | 10442.50 | 0.00 | |
215 | 0.00 | 20420901 | 15528.75 | 0.00 | 0.00 | 0.00 | |
216 | 5 | 0.00 | 20421001 | 15884.76 | 0.00 | 0.00 | 2744.91 |
217 | 10 | 0.00 | 20421001 | 34587.78 | 0.00 | 0.00 | 16033.63 |
218 | 0.00 | 20420801 | 9854.79 | 0.00 | 0.00 | ||
219 | 0.00 | 20420801 | 20019.00 | 0.00 | 0.00 | 0.00 | |
220 | 0.00 | 20420801 | 21725.31 | 0.00 | 0.00 | 0.00 | |
221 | 20 | 0.00 | 20420801 | 21033.00 | 0.00 | 0.00 | 0.00 |
222 | 2 | 0.00 | 20420901 | 11870.44 | 0.00 | 0.00 | 4801.00 |
223 | 0.00 | 20420901 | 19330.38 | 0.00 | 0.00 | 0.00 | |
224 | 0.00 | 20420901 | 13168.30 | 0.00 | 0.00 | 6611.16 | |
225 | 8 | 0.00 | 20421001 | 14441.67 | 0.00 | 0.00 | 9166.66 |
226 | 16 | 0.00 | 20420801 | 0.00 | 0.00 | 0.00 | 24964.21 |
227 | 10 | 0.00 | 20420801 | 0.00 | 0.00 | 0.00 | 12035.00 |
228 | 0.00 | 20420901 | 42467.07 | 0.00 | 0.00 | 0.00 | |
229 | 12 | 0.00 | 20420901 | 7571.58 | 0.00 | 0.00 | 15828.83 |
230 | 0.00 | 20420801 | 24400.00 | 0.00 | 0.00 | ||
231 | 16 | 0.00 | 20420801 | 14852.59 | 0.00 | 0.00 | 12500.00 |
232 | 0.00 | 20420901 | 112500.00 | 0.00 | 0.00 | 0.00 | |
233 | 0.00 | 20420901 | 16336.00 | 0.00 | 0.00 | 0.00 | |
234 | 0.00 | 20420901 | 22941.67 | 0.00 | 0.00 | 0.00 | |
235 | 0.00 | 20420801 | 39411.30 | 0.00 | 0.00 | 0.00 | |
236 | 0.00 | 20420701 | 21516.80 | 0.00 | 0.00 | 0.00 | |
237 | 0.00 | 20420801 | 17839.29 | 0.00 | 0.00 | ||
238 | 0.00 | 20420801 | 1961.30 | 0.00 | 30808.09 | 0.00 | |
239 | 0.00 | 20420901 | 18750.00 | 0.00 | 0.00 | 0.00 | |
240 | 13 | 0.00 | 20420801 | 6844.92 | 0.00 | 0.00 | 6407.81 |
241 | 10 | 0.00 | 20420901 | 19517.08 | 0.00 | 0.00 | 4895.00 |
242 | 0.00 | 20420901 | 25000.00 | 0.00 | 0.00 | 0.00 | |
243 | 0.00 | 20420901 | 15666.66 | 0.00 | 0.00 | 0.00 | |
244 | 0.00 | 20420801 | 24157.66 | 14701.13 | 0.00 | 0.00 | |
245 | 0.00 | 20420901 | 50910.41 | 0.00 | 0.00 | 0.00 | |
246 | 0.00 | 20420801 | 16083.34 | 0.00 | 0.00 | 0.00 | |
247 | 20 | 0.00 | 20420901 | 4000.00 | 0.00 | 0.00 | 4705.00 |
248 | 0.00 | 20420901 | 15416.66 | 0.00 | 0.00 | 0.00 | |
249 | 0.00 | 20420901 | 43666.00 | 0.00 | 0.00 | 0.00 | |
250 | 0.00 | 20420901 | 41256.96 | 0.00 | 0.00 | 0.00 | |
251 | 10 | 0.00 | 20420801 | 9583.00 | 0.00 | 0.00 | 9580.00 |
252 | 0.00 | 20420801 | 29726.43 | 0.00 | 0.00 | ||
253 | 17 | 0.00 | 20420901 | 4648.00 | 0.00 | 0.00 | 9126.00 |
254 | 0.00 | 20420801 | 17873.00 | 0.00 | 0.00 | ||
255 | 0.00 | 20420901 | 29197.93 | 0.00 | 0.00 | 0.00 | |
256 | 0.00 | 20420901 | 59852.25 | 0.00 | 0.00 | 0.00 | |
257 | 0.00 | 20420801 | 16666.67 | 32894.52 | 0.00 | 0.00 | |
258 | 0.00 | 20420801 | 16666.00 | 0.00 | 0.00 | ||
259 | 30 | 0.00 | 20420901 | 0.00 | 0.00 | 11432.54 | 12190.00 |
260 | 0.00 | 20420801 | 17004.38 | 0.00 | 0.00 | 0.00 | |
261 | 0.00 | 20420901 | 20833.34 | 0.00 | 0.00 | 0.00 | |
262 | 0.00 | 20420901 | 17500.00 | 2083.35 | 0.00 | 0.00 | |
263 | 0.00 | 20420901 | 22083.33 | 0.00 | 0.00 | 0.00 | |
264 | 0.00 | 20420901 | 2054.00 | 0.00 | 0.00 | 941.00 | |
265 | 0.00 | 20420901 | 50310.00 | 19472.50 | 0.00 | 0.00 | |
266 | 0.00 | 20420901 | 17094.18 | 0.00 | 0.00 | 0.00 | |
267 | 24 | 0.00 | 20420901 | 11362.00 | 0.00 | 0.00 | 8667.00 |
268 | 0.00 | 20420901 | 17000.00 | 0.00 | 0.00 | 0.00 | |
269 | 124121.00 | 20420901 | 11483.07 | 0.00 | 0.00 | 0.00 | |
270 | 0.00 | 20420801 | 28282.42 | 0.00 | 0.00 | 0.00 | |
271 | 0.00 | 20420801 | 25143.97 | 0.00 | 0.00 | 0.00 | |
272 | 0.00 | 20420801 | 34283.92 | 0.00 | 0.00 | 0.00 | |
273 | 0.00 | 20420801 | 15416.67 | 0.00 | 0.00 | ||
274 | 2 | 0.00 | 20420901 | 8448.20 | 0.00 | 0.00 | 9132.58 |
275 | 0.00 | 20420901 | 18123.73 | 0.00 | 0.00 | 0.00 | |
276 | 0.00 | 20420801 | 13746.00 | 0.00 | 0.00 | 0.00 | |
277 | 0.00 | 20420901 | 27083.33 | 0.00 | 0.00 | 0.00 | |
278 | 1 | 0.00 | 20420901 | 10000.00 | 0.00 | 0.00 | 15416.65 |
279 | 0.00 | 20420801 | 4273.13 | 0.00 | 0.00 | 260.80 | |
280 | 0.00 | 20420901 | 17530.00 | 0.00 | 0.00 | 0.00 | |
281 | 0.00 | 20420801 | 14166.67 | 0.00 | 0.00 | ||
282 | 0.00 | 20420801 | 30271.00 | 0.00 | 0.00 | ||
283 | 0.00 | 20421001 | 16667.00 | 0.00 | 0.00 | 0.00 | |
284 | 0.00 | 20420901 | 9583.34 | 0.00 | 13923.08 | 0.00 | |
285 | 0 | 0.00 | 20420901 | 12781.00 | 1250.00 | 0.00 | 0.00 |
286 | 0.00 | 20421001 | 17333.34 | 0.00 | 0.00 | 0.00 | |
287 | 8 | 0.00 | 20420901 | 13219.01 | 0.00 | 0.00 | 4155.75 |
288 | 0.00 | 20420901 | 16666.66 | 16835.23 | 0.00 | 0.00 | |
289 | 0.00 | 20420901 | 16666.66 | 46830.29 | 0.00 | 0.00 | |
290 | 0.00 | 20421001 | 33789.92 | 0.00 | 0.00 | 0.00 | |
291 | 26 | 0.00 | 20421001 | 6008.32 | 0.00 | 0.00 | 5991.65 |
292 | 0.00 | 20421001 | 18333.33 | 21751.00 | 0.00 | 0.00 | |
293 | 0.00 | 20421001 | 27083.34 | 0.00 | 0.00 | 0.00 | |
294 | 20 | 0.00 | 20420901 | 9373.51 | 0.00 | 0.00 | 18050.96 |
295 | 0.00 | 20420901 | 55276.77 | 0.00 | 0.00 | 0.00 | |
296 | 15 | 0.00 | 20420901 | 11206.99 | 0.00 | 0.00 | 11791.68 |
297 | 25 | 0.00 | 20421001 | 3970.08 | 0.00 | 0.00 | 2521.06 |
298 | 2 | 97206.00 | 20421001 | 11275.30 | 0.00 | 0.00 | 2765.33 |
299 | 0.00 | 20420901 | 19260.32 | 0.00 | 0.00 | 0.00 | |
300 | 0.00 | 20420801 | 64710.05 | 0.00 | 0.00 | 0.00 | |
301 | 0.00 | 20420901 | 13568.05 | 0.00 | 0.00 | 0.00 | |
302 | 14 | 0.00 | 20421001 | 17935.00 | 6137.64 | 0.00 | 1407.48 |
168 | 169 | 170 | 171 | 172 | |
Co-Borrower Wage Income (Bonus) | Co-Borrower Wage Income (Commission) | Originator Doc Code | RWT Income Verification | RWT Asset Verification | |
1 | 0.00 | 0.00 | Full | Two Years | Two Months |
2 | 0.00 | 0.00 | Full | Two Years | Two Months |
3 | 0.00 | 0.00 | Full | Two Years | Two Months |
4 | 0.00 | 0.00 | Full | Two Years | Two Months |
5 | 0.00 | 0.00 | Full | Two Years | Two Months |
6 | 0.00 | 0.00 | Full | Two Years | Two Months |
7 | 0.00 | 0.00 | Full | Two Years | Two Months |
8 | 0.00 | 0.00 | Full | Two Years | Two Months |
9 | Full | Two Years | Two Months | ||
10 | 0.00 | 0.00 | Full | Two Years | Two Months |
11 | 0.00 | 0.00 | Full | Two Years | Two Months |
12 | 0.00 | 0.00 | Full | Two Years | Two Months |
13 | 0.00 | 0.00 | Full | Two Years | Two Months |
14 | 0.00 | 0.00 | Full | Two Years | Two Months |
15 | 0.00 | 0.00 | Full | Two Years | Two Months |
16 | 0.00 | 0.00 | Full | Two Years | Two Months |
17 | 0.00 | 0.00 | Full | Two Years | Two Months |
18 | 0.00 | 4418.21 | Full | Two Years | Two Months |
19 | 0.00 | 0.00 | Full | Two Years | Two Months |
20 | 0.00 | 0.00 | Full | Two Years | Two Months |
21 | 0.00 | 0.00 | Full | Two Years | Two Months |
22 | 0.00 | 0.00 | Full | Two Years | Two Months |
23 | 0.00 | 0.00 | Full | Two Years | Two Months |
24 | 0.00 | 0.00 | Full | Two Years | Two Months |
25 | 0.00 | 0.00 | Full | Two Years | Two Months |
26 | 0.00 | 0.00 | Full | Two Years | Two Months |
27 | 0.00 | 0.00 | Full | Two Years | Two Months |
28 | 0.00 | 0.00 | Full | Two Years | Two Months |
29 | 0.00 | 0.00 | Full | Two Years | Two Months |
30 | 0.00 | 0.00 | Full | Two Years | Two Months |
31 | 0.00 | 0.00 | Full | Two Years | Two Months |
32 | 0.00 | 0.00 | Full | Two Years | Two Months |
33 | 0.00 | 0.00 | Full | Two Years | Two Months |
34 | 0.00 | 0.00 | Full | Two Years | Two Months |
35 | 0.00 | 0.00 | Full | Two Years | Two Months |
36 | 0.00 | 0.00 | Full | Two Years | Two Months |
37 | 0.00 | 0.00 | Full | Two Years | Two Months |
38 | 0.00 | 0.00 | Full | Two Years | Two Months |
39 | 0.00 | 0.00 | Full | Two Years | Two Months |
40 | 0.00 | 0.00 | Full | Two Years | Two Months |
41 | 0.00 | 0.00 | Full | Two Years | Two Months |
42 | 0.00 | 0.00 | Full | Two Years | Two Months |
43 | 0.00 | 0.00 | Full | Two Years | Two Months |
44 | 0.00 | 0.00 | Full | Two Years | Two Months |
45 | 0.00 | 0.00 | Full | Two Years | Two Months |
46 | 0.00 | 0.00 | Full | Two Years | Two Months |
47 | 0.00 | 0.00 | Full | Two Years | Two Months |
48 | 0.00 | 0.00 | Full | Two Years | Two Months |
49 | 0.00 | 0.00 | Full | Two Years | Two Months |
50 | 0.00 | 0.00 | Full | Two Years | Two Months |
51 | 0.00 | 0.00 | Full | Two Years | Two Months |
52 | 0.00 | 0.00 | Full | Two Years | Two Months |
53 | 0.00 | 0.00 | Full | Two Years | Two Months |
54 | 0.00 | 0.00 | Full | Two Years | Two Months |
55 | 0.00 | 0.00 | Full | Two Years | Two Months |
56 | 0.00 | 0.00 | Full | Two Years | Two Months |
57 | 0.00 | 0.00 | Full | Two Years | Two Months |
58 | 0.00 | 0.00 | Full | Two Years | Two Months |
59 | 0.00 | 0.00 | Full | Two Years | Two Months |
60 | 0.00 | 0.00 | Full | Two Years | Two Months |
61 | 0.00 | 0.00 | Full | Two Years | Two Months |
62 | 14635.98 | 0.00 | Full | Two Years | Two Months |
63 | 0.00 | 0.00 | Full | Two Years | Two Months |
64 | 0.00 | 0.00 | Full | Two Years | Two Months |
65 | 0.00 | 0.00 | Full | Two Years | Two Months |
66 | Full | Two Years | Two Months | ||
67 | 0.00 | 0.00 | Full | Two Years | Two Months |
68 | 0.00 | 0.00 | Full | Two Years | Two Months |
69 | 0.00 | 0.00 | Full | Two Years | Two Months |
70 | 0.00 | 0.00 | Full | Two Years | Two Months |
71 | Full | Two Years | Two Months | ||
72 | 0.00 | 0.00 | Full | Two Years | Two Months |
73 | 0.00 | 0.00 | Full | Two Years | Two Months |
74 | 0.00 | 0.00 | Full | Two Years | Two Months |
75 | 0.00 | 0.00 | Full | Two Years | Two Months |
76 | 0.00 | 0.00 | Full | Two Years | Two Months |
77 | 0.00 | 0.00 | Full | Two Years | Two Months |
78 | 0.00 | 0.00 | Full | Two Years | Two Months |
79 | 0.00 | 0.00 | Full | Two Years | Two Months |
80 | 0.00 | 0.00 | Full | Two Years | Two Months |
81 | 0.00 | 0.00 | Full | Two Years | Two Months |
82 | 0.00 | 0.00 | Full | Two Years | Two Months |
83 | 0.00 | 0.00 | Full | Two Years | Two Months |
84 | 0.00 | 0.00 | Full | Two Years | Two Months |
85 | 0.00 | 0.00 | Full | Two Years | Two Months |
86 | 0.00 | 0.00 | Full | Two Years | Two Months |
87 | 0.00 | 0.00 | Full | Two Years | Two Months |
88 | 0.00 | 0.00 | Full | Two Years | Two Months |
89 | 0.00 | 0.00 | Full | Two Years | Two Months |
90 | 0.00 | 0.00 | Full | Two Years | Two Months |
91 | 0.00 | 0.00 | Full | Two Years | Two Months |
92 | 0.00 | 0.00 | Full | Two Years | Two Months |
93 | 0.00 | 0.00 | Full | Two Years | Two Months |
94 | Full | Two Years | Two Months | ||
95 | 0.00 | 0.00 | Full | Two Years | Two Months |
96 | 0.00 | 0.00 | Full | Two Years | Two Months |
97 | 0.00 | 0.00 | Full | Two Years | Two Months |
98 | 0.00 | 0.00 | Full | Two Years | Two Months |
99 | 0.00 | 0.00 | Full | Two Years | Two Months |
100 | 0.00 | 0.00 | Full | Two Years | Two Months |
101 | 0.00 | 0.00 | Full | Two Years | Two Months |
102 | 0.00 | 0.00 | Full | Two Years | Two Months |
103 | 0.00 | 0.00 | Full | Two Years | Two Months |
104 | 0.00 | 0.00 | Full | Two Years | Two Months |
105 | 0.00 | 0.00 | Full | Two Years | Two Months |
106 | 0.00 | 0.00 | Full | Two Years | Two Months |
107 | 0.00 | 0.00 | Full | Two Years | Two Months |
108 | 0.00 | 0.00 | Full | Two Years | Two Months |
109 | 0.00 | 0.00 | Full | Two Years | Two Months |
110 | 0.00 | 0.00 | Full | Two Years | Two Months |
111 | 0.00 | 0.00 | Full | Two Years | Two Months |
112 | 0.00 | 0.00 | Full | Two Years | Two Months |
113 | 0.00 | 0.00 | Full | Two Years | Two Months |
114 | 0.00 | 0.00 | Full | Two Years | Two Months |
115 | 0.00 | 0.00 | Full | Two Years | Two Months |
116 | 0.00 | 0.00 | Full | Two Years | Two Months |
117 | 0.00 | 0.00 | Full | Two Years | Two Months |
118 | 0.00 | 0.00 | Full | Two Years | Two Months |
119 | 0.00 | 0.00 | Full | Two Years | Two Months |
120 | 0.00 | 0.00 | Full | Two Years | Two Months |
121 | 0.00 | 0.00 | Full | Two Years | Two Months |
122 | 0.00 | 0.00 | Full | Two Years | Two Months |
123 | 0.00 | 0.00 | Full | Two Years | Two Months |
124 | 0.00 | 0.00 | Full | Two Years | Two Months |
125 | 0.00 | 0.00 | Full | Two Years | Two Months |
126 | 0.00 | 0.00 | Full | Two Years | Two Months |
127 | 0.00 | 0.00 | Full | Two Years | Two Months |
128 | 0.00 | 0.00 | Full | Two Years | Two Months |
129 | 0.00 | 0.00 | Full | Two Years | Two Months |
130 | 0.00 | 0.00 | Full | Two Years | Two Months |
131 | 0.00 | 0.00 | Full | Two Years | Two Months |
132 | 0.00 | 0.00 | Full | Two Years | Two Months |
133 | 0.00 | 0.00 | Full | Two Years | Two Months |
134 | 0.00 | 0.00 | Full | Two Years | Two Months |
135 | 0.00 | 0.00 | Full | Two Years | Two Months |
136 | 0.00 | 0.00 | Full | Two Years | Two Months |
137 | 0.00 | 0.00 | Full | Two Years | Two Months |
138 | 0.00 | 0.00 | Full | Two Years | Two Months |
139 | 0.00 | 0.00 | Full | Two Years | Two Months |
140 | 0.00 | 0.00 | Full | Two Years | Two Months |
141 | 0.00 | 0.00 | Full | Two Years | Two Months |
142 | 0.00 | 0.00 | Full | Two Years | Two Months |
143 | 0.00 | 0.00 | Full | Two Years | Two Months |
144 | 0.00 | 0.00 | Full | Two Years | Two Months |
145 | 0.00 | 0.00 | Full | Two Years | Two Months |
146 | 0.00 | 0.00 | Full | Two Years | Two Months |
147 | 0.00 | 0.00 | Full | Two Years | Two Months |
148 | 0.00 | 0.00 | Full | Two Years | Two Months |
149 | 0.00 | 0.00 | Full | Two Years | Two Months |
150 | 0.00 | 0.00 | Full | Two Years | Two Months |
151 | 0.00 | 0.00 | Full | Two Years | Two Months |
152 | 0.00 | 0.00 | Full | Two Years | Two Months |
153 | Full | Two Years | Two Months | ||
154 | 0.00 | 0.00 | Full | Two Years | Two Months |
155 | 0.00 | 0.00 | Full | Two Years | Two Months |
156 | 0.00 | 0.00 | Full | Two Years | Two Months |
157 | 0.00 | 0.00 | Full | Two Years | Two Months |
158 | 0.00 | 0.00 | Full | Two Years | Two Months |
159 | 0.00 | 0.00 | Full | Two Years | Two Months |
160 | 0.00 | 0.00 | Full | Two Years | Two Months |
161 | 0.00 | 0.00 | Full | Two Years | Two Months |
162 | 0.00 | 0.00 | Full | Two Years | Two Months |
163 | 0.00 | 0.00 | Full | Two Years | Two Months |
164 | 0.00 | 0.00 | Full | Two Years | Two Months |
165 | 0.00 | 9903.00 | Full | Two Years | Two Months |
166 | 0.00 | 0.00 | Full | Two Years | Two Months |
167 | 0.00 | 0.00 | Full | Two Years | Two Months |
168 | 0.00 | 0.00 | Full | Two Years | Two Months |
169 | 0.00 | 0.00 | Full | Two Years | Two Months |
170 | 0.00 | 0.00 | Full | Two Years | Two Months |
171 | 0.00 | 0.00 | Full | Two Years | Two Months |
172 | 0.00 | 0.00 | Full | Two Years | Two Months |
173 | 0.00 | 0.00 | Full | Two Years | Two Months |
174 | 0.00 | 0.00 | Full | Two Years | Two Months |
175 | 0.00 | 0.00 | Full | Two Years | Two Months |
176 | 0.00 | 0.00 | Full | Two Years | Two Months |
177 | 0.00 | 0.00 | Full | Two Years | Two Months |
178 | 0.00 | 0.00 | Full | Two Years | Two Months |
179 | 0.00 | 0.00 | Full | Two Years | Two Months |
180 | 0.00 | 0.00 | Full | Two Years | Two Months |
181 | 0.00 | 0.00 | Full | Two Years | Two Months |
182 | 0.00 | 0.00 | Full | Two Years | Two Months |
183 | 0.00 | 0.00 | Full | Two Years | Two Months |
184 | 0.00 | 0.00 | Full | Two Years | Two Months |
185 | 0.00 | 0.00 | Full | Two Years | Two Months |
186 | 0.00 | 0.00 | Full | Two Years | Two Months |
187 | 0.00 | 0.00 | Full | Two Years | Two Months |
188 | 0.00 | 0.00 | Full | Two Years | Two Months |
189 | 0.00 | 0.00 | Full | Two Years | Two Months |
190 | 0.00 | 0.00 | Full | Two Years | Two Months |
191 | 0.00 | 0.00 | Full | Two Years | Two Months |
192 | 0.00 | 0.00 | Full | Two Years | Two Months |
193 | 0.00 | 0.00 | Full | Two Years | Two Months |
194 | 0.00 | 0.00 | Full | Two Years | Two Months |
195 | 0.00 | 0.00 | Full | Two Years | Two Months |
196 | 0.00 | 2262.00 | Full | Two Years | Two Months |
197 | 0.00 | 0.00 | Full | Two Years | Two Months |
198 | 0.00 | 0.00 | Full | Two Years | Two Months |
199 | 0.00 | 0.00 | Full | Two Years | Two Months |
200 | 0.00 | 0.00 | Full | Two Years | Two Months |
201 | 0.00 | 0.00 | Full | Two Years | Two Months |
202 | 0.00 | 0.00 | Full | Two Years | Two Months |
203 | 0.00 | 0.00 | Full | Two Years | Two Months |
204 | 5689.00 | 0.00 | Full | Two Years | Two Months |
205 | 0.00 | 0.00 | Full | Two Years | Two Months |
206 | 0.00 | 0.00 | Full | Two Years | Two Months |
207 | 0.00 | 3851.00 | Full | Two Years | Two Months |
208 | 0.00 | 0.00 | Full | Two Years | Two Months |
209 | 0.00 | 0.00 | Full | Two Years | Two Months |
210 | 0.00 | 0.00 | Full | Two Years | Two Months |
211 | 0.00 | 0.00 | Full | Two Years | Two Months |
212 | 0.00 | 0.00 | Full | Two Years | Two Months |
213 | 0.00 | 0.00 | Full | Two Years | Two Months |
214 | 0.00 | 0.00 | Full | Two Years | Two Months |
215 | 0.00 | 0.00 | Full | Two Years | Two Months |
216 | 0.00 | 0.00 | Full | Two Years | Two Months |
217 | 0.00 | 0.00 | Full | Two Years | Two Months |
218 | Full | Two Years | Two Months | ||
219 | 0.00 | 0.00 | Full | Two Years | Two Months |
220 | 0.00 | 0.00 | Full | Two Years | Two Months |
221 | 0.00 | 0.00 | Full | Two Years | Two Months |
222 | 0.00 | 0.00 | Full | Two Years | Two Months |
223 | 0.00 | 0.00 | Full | Two Years | Two Months |
224 | 0.00 | 0.00 | Full | Two Years | Two Months |
225 | 0.00 | 0.00 | Full | Two Years | Two Months |
226 | 0.00 | 0.00 | Full | Two Years | Two Months |
227 | 0.00 | 0.00 | Full | Two Years | Two Months |
228 | 0.00 | 0.00 | Full | Two Years | Two Months |
229 | 0.00 | 0.00 | Full | Two Years | Two Months |
230 | Full | Two Years | Two Months | ||
231 | 0.00 | 0.00 | Full | Two Years | Two Months |
232 | 0.00 | 0.00 | Full | Two Years | Two Months |
233 | 0.00 | 0.00 | Full | Two Years | Two Months |
234 | 0.00 | 0.00 | Full | Two Years | Two Months |
235 | 0.00 | 0.00 | Full | Two Years | Two Months |
236 | 0.00 | 0.00 | Full | Two Years | Two Months |
237 | Full | Two Years | Two Months | ||
238 | 0.00 | 0.00 | Full | Two Years | Two Months |
239 | 0.00 | 0.00 | Full | Two Years | Two Months |
240 | 0.00 | 0.00 | Full | Two Years | Two Months |
241 | 0.00 | 0.00 | Full | Two Years | Two Months |
242 | 0.00 | 0.00 | Full | Two Years | Two Months |
243 | 0.00 | 0.00 | Full | Two Years | Two Months |
244 | 0.00 | 0.00 | Full | Two Years | Two Months |
245 | 0.00 | 0.00 | Full | Two Years | Two Months |
246 | 0.00 | 0.00 | Full | Two Years | Two Months |
247 | 0.00 | 0.00 | Full | Two Years | Two Months |
248 | 0.00 | 0.00 | Full | Two Years | Two Months |
249 | 0.00 | 0.00 | Full | Two Years | Two Months |
250 | 0.00 | 0.00 | Full | Two Years | Two Months |
251 | 0.00 | 0.00 | Full | Two Years | Two Months |
252 | Full | Two Years | Two Months | ||
253 | 937.50 | 0.00 | Full | Two Years | Two Months |
254 | Full | Two Years | Two Months | ||
255 | 0.00 | 0.00 | Full | Two Years | Two Months |
256 | 0.00 | 0.00 | Full | Two Years | Two Months |
257 | 0.00 | 0.00 | Full | Two Years | Two Months |
258 | Full | Two Years | Two Months | ||
259 | 0.00 | 0.00 | Full | Two Years | Two Months |
260 | 0.00 | 0.00 | Full | Two Years | Two Months |
261 | 0.00 | 0.00 | Full | Two Years | Two Months |
262 | 0.00 | 0.00 | Full | Two Years | Two Months |
263 | 0.00 | 0.00 | Full | Two Years | Two Months |
264 | 0.00 | 0.00 | Full | Two Years | Two Months |
265 | 0.00 | 0.00 | Full | Two Years | Two Months |
266 | 0.00 | 0.00 | Full | Two Years | Two Months |
267 | 0.00 | 0.00 | Full | Two Years | Two Months |
268 | 0.00 | 0.00 | Full | Two Years | Two Months |
269 | 0.00 | 0.00 | Full | Two Years | Two Months |
270 | 0.00 | 0.00 | Full | Two Years | Two Months |
271 | 0.00 | 0.00 | Full | Two Years | Two Months |
272 | 0.00 | 0.00 | Full | Two Years | Two Months |
273 | Full | Two Years | Two Months | ||
274 | 0.00 | 0.00 | Full | Two Years | Two Months |
275 | 0.00 | 0.00 | Full | Two Years | Two Months |
276 | 0.00 | 0.00 | Full | Two Years | Two Months |
277 | 0.00 | 0.00 | Full | Two Years | Two Months |
278 | 0.00 | 0.00 | Full | Two Years | Two Months |
279 | 0.00 | 0.00 | Full | Two Years | Two Months |
280 | 0.00 | 0.00 | Full | Two Years | Two Months |
281 | Full | Two Years | Two Months | ||
282 | Full | Two Years | Two Months | ||
283 | 0.00 | 0.00 | Full | Two Years | Two Months |
284 | 0.00 | 0.00 | Full | Two Years | Two Months |
285 | 0.00 | 0.00 | Full | Two Years | Two Months |
286 | 0.00 | 0.00 | Full | Two Years | Two Months |
287 | 0.00 | 0.00 | Full | Two Years | Two Months |
288 | 0.00 | 0.00 | Full | Two Years | Two Months |
289 | 0.00 | 0.00 | Full | Two Years | Two Months |
290 | 0.00 | 0.00 | Full | Two Years | Two Months |
291 | 0.00 | 0.00 | Full | Two Years | Two Months |
292 | 0.00 | 0.00 | Full | Two Years | Two Months |
293 | 0.00 | 0.00 | Full | Two Years | Two Months |
294 | 0.00 | 0.00 | Full | Two Years | Two Months |
295 | 0.00 | 0.00 | Full | Two Years | Two Months |
296 | 0.00 | 0.00 | Full | Two Years | Two Months |
297 | 0.00 | 0.00 | Full | Two Years | Two Months |
298 | 0.00 | 0.00 | Full | Two Years | Two Months |
299 | 0.00 | 0.00 | Full | Two Years | Two Months |
300 | 0.00 | 0.00 | Full | Two Years | Two Months |
301 | 0.00 | 0.00 | Full | Two Years | Two Months |
302 | 0.00 | 0.00 | Full | Two Years | Two Months |
MERSID | Organization |
1002793 | American Pacific |
1006318 | Bank of Commerce |
1006324 | Benchmark Bank |
1004333 | Castle & Cook |
1000302 | Cherry Creek |
1008808 | Cole Taylor Bank |
1000290 | Colonial Savings |
1001770 | Cornerstone |
1000497 | Embrace |
1000235 | Evergreen Home Loans |
1003924 | Fairway |
1008118 | Fidelity Bank Mortgage |
1002338 | First Republic |
1008498 | Flagstar Bank, F.S.B. |
1000522 | Franklin American Mortgage |
1001105 | Fremont Bank |
1003970 | GuardHill Financial Corp. |
1000199 | Guild Mortgage |
1011266 | Huntington |
1000953 | Megastar Financial |
1002956 | Monarch Bank |
1004639 | Paramount Equity |
1000200 | PHH Mortgage Corporation |
1001098 | Plaza Home Mortgage |
1000536 | Prime Lending |
1000342 | Prospect |
1000457 | Provident |
1000383 | RRAC/Cenlar |
1000324 | Shore Financial Services, Inc. |
1001863 | Sterling Savings Bank |
1005723 | Stifel |
1000458 | Umpqua |
1000312 | Wintrust Mortgage A Division of Barrington Bank & Trust Co |
1003626 | Boston Private |
ASF RMBS DISCLOSURE PACKAGE
The American Securitization Forum is a broad-based professional forum through which participants in the U.S. securitization market advocate their common interests on important legal, regulatory and market practice issues. ASF members include over 380 firms, including issuers, investors, servicers, financial intermediaries, rating agencies, financial guarantors, legal and accounting firms, and other professional organizations involved in securitization transactions. The ASF also provides information, education and training on a range of securitization market issues and topics through industry conferences, seminars and similar initiatives. For more information about ASF, its members and activities, please go to www.americansecuritization.com.
Field Number |
Field Name | Field Description | Type of Field |
Data Type | Sample Data | Format | When Applicable? |
Valid Values | Proposed Unique Coding |
Notes |
1 | Primary Servicer | The MERS Organization ID of the company that has or will have the right to service the loan. | General Information | Numeric – Integer | 2351805 | 9(7) | Always | “9999999” if Unknown | ||
2 | Servicing Fee—Percentage | Aggregate monthly fee paid to all servicers, stated in decimal form. | General Information | Numeric - Decimal | 0.0025 | 9.999999 | Loans without flat-dollar servicing fees | >= 0 and < 1 | Must be populated if Field 3 is Null | |
3 | Servicing Fee—Flat-dollar | Aggregate monthly fee paid to all servicers, stated as a dollar amount. | General Information | Numeric – Decimal | 7.5 | 9(3).99 | Loans with flat-dollar servicing fees | >= 0 and <= 999 |
Must be populated if 2 is Null | |
4 | Servicing Advance Methodology | The manner in which principal and/or interest are to be advanced by the servicer. | General Information | Numeric – Integer | 2 | 99 | Always | See Coding | 1 = Scheduled Interest, Scheduled Principal 2 = Actual Interest, Actual Principal 3 = Scheduled Interest, Actual Principal 99 = Unknown |
|
5 | Originator | The MERS Organization ID of the entity that lends funds to the borrower and, in return, places a lien on the mortgage property as collateral. | General Information | Numeric – Integer | 5938671 | 9(7) | Always | “9999999” if Unknown | ||
6 | Loan Group | Indicates the collateral group number in which the loan falls (for structures with multiple collateral groups). Use “1” if there is only one loan group. | General Information | Text | 1A | XXXX | Always | “UNK” if Unknown | ||
7 | Loan Number | Unique National Mortgage Loan ID Number (Vendor TBD). | General Information | Numeric – Integer | TBD | TBD | Always | TBD | Details to be provided by Vendor | |
8 | Amortization Type | Indicates whether the loan’s interest rate is fixed or adjustable (Hybrid ARMs are adjustable). | Loan Type | Numeric – Integer | 2 | 99 | Always | See Coding | 1 = Fixed 2 = Adjustable 99 = Unknown |
|
9 | Lien Position | A number indicating the loan’s lien position (1 = first lien, etc.). | Loan Type | Numeric – Integer | 1 | 99 | Always | >0 | 99 = Unknown | |
10 | HELOC Indicator | Indicates whether the loan is a home equity line of credit. | Loan Type | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
|
11 | Loan Purpose | Indicates the purpose of the loan. | Loan Type | Numeric – Integer | 9 | 99 | Always | See Coding | See Appendix A | |
12 | Cash Out Amount | Cash Out
Amount: [New Loan] – [PIF Prior First Lien] – [Payoff of all Seasoned Seconds] – [Closing Costs] –
[Prepays] For delayed purchases (refinances on homes purchased < 12 months prior to the mortgage application) with cash) Cash Out Amount = 0. |
Loan Type | Numeric – Decimal | 72476.5 | 9(10).99 | Always | >= 0 | ||
13 | Total Origination and Discount Points (in dollars) | Amount paid to the lender to increase the lender’s effective yield and, in the case of discount points, to reduce the interest rate paid by the borrower. | Loan Type | Numeric – Decimal | 5250 | 9(10).99 | Always | >= 0 | Typically Lines 801 and 802 of HUD Settlement Statement | |
14 | Covered/High Cost Loan Indicator | Indicates whether the loan is categorized as “high cost” or “covered” according to state or federal statutes or regulations. | Loan Type | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
|
15 | Relocation Loan Indicator | Indicates whether the loan is part of a corporate relocation program. | Loan Type | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
|
16 | Broker Indicator | Indicates whether a broker took the application. | Loan Type | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
|
17 | Channel | Code indicating the source (channel) from which the Issuer obtained the mortgage loan. | Loan Type | Numeric – Integer | 2 | 99 | Always | See Coding | 1 = Retail 2 = Broker 3 = Correspondent Bulk 4 = Correspondent Flow with delegated underwriting 5 = Correspondent Flow without delegated underwriting 99 = Unknown |
|
18 | Escrow Indicator | Indicates whether various homeownership expenses are paid by the borrower directly or through an escrow account (as of securitization cut-off date). | Loan Type | Numeric – Integer | 3 | 99 | Always | See Coding | 0 = No Escrows 1 = Taxes 2 = Insurance 3 = HOA dues 4 = Taxes and Insurance 5 = All 99 =Unknown |
|
19 | Senior Loan Amount(s) | For non-first mortgages, the sum of the balances of all associated senior mortgages at the time of origination of the subordinate lien. | Mortgage Lien Info | Numeric – Decimal | 611004.25 | 9(10).99 | If Lien Position > 1 | >= 0 | ||
20 | Loan Type of Most Senior Lien | For non-first mortgages, indicates whether the associated first mortgage is a Fixed, ARM, Hybrid, or negative amortization loan. | Mortgage Lien Info | Numeric – Integer | 2 | 99 | If Lien Position > 1 | See Coding | 1 = Fixed Rate 2 = ARM 3 = Hybrid 4 = Neg Am 99 = Unknown |
|
21 | Hybrid Period of Most Senior Lien (in months) | For non-first mortgages where the associated first mortgage is a hybrid ARM, the number of months remaining in the initial fixed interest rate period for the hybrid first mortgage. | Mortgage Lien Info | Numeric – Integer | 23 | 999 | If Lien Position > 1 AND the most senior lien is a hybrid ARM (see Field 20) |
>= 0 | ||
22 | Neg Am Limit of Most Senior Lien | For non-first mortgages where the associated first mortgage features negative amortization, the maximum percentage by which the negatively amortizing balance may increase (expressed as a proportion of the senior lien’s original balance). | Mortgage Lien Info | Numeric – Decimal | 1.25 | 9.999999 | If Lien Position > 1 AND the senior lien is Neg Am (see Field 20) |
>= 1 and <= 2 | ||
23 | Junior Mortgage Balance | For first mortgages with subordinate liens at the time of origination, the combined balance of the subordinate liens (if known). | Mortgage Lien Info | Numeric – Decimal | 51775.12 | 9(10).99 | If Lien Position = 1 and there is a 2nd lien on the subject property | >= 0 | Subject to Regulatory Confirmation | |
24 | Origination Date of Most Senior Lien | For non-first mortgages, the origination date of the associated first mortgage. | Mortgage Lien Info | Date | 20090914 | YYYYMMDD | If Lien Position > 1 and there is a 2nd lien on the subject property | “19010101” if unknown | ||
25 | Origination Date | The date of the Mortgage Note and Mortgage/Deed of Trust | Loan Term and Amortization Type | Date | 20090914 | YYYYMMDD | Always | “19010101” if unknown | ||
26 | Original Loan Amount | The dollar amount of the mortgage loan, as specified on the mortgage note at the time of the loan’s origination. For HELOCs, the maximum available line of credit. | Loan Term and Amortization Type | Numeric – Decimal | 150000 | 9(10).99 | Always | >0 | ||
27 | Original Interest Rate | The original note rate as indicated on the mortgage note. | Loan Term and Amortization Type | Numeric – Decimal | 0.0475 | 9.999999 | Always | > 0 and <= 1 | ||
28 | Original Amortization Term | The number of months in which the loan would be retired if the amortizing principal and interest payment were to be paid each month. | Loan Term and Amortization Type | Numeric – Integer | 360 | 999 | Always | >= 60 | ||
29 | Original Term to Maturity | The initial number of months between loan origination and the loan maturity date, as specified on the mortgage note. | Loan Term and Amortization Type | Numeric – Integer | 60 | 999 | Always | >0 | N/A | |
30 | First Payment Date of Loan | The date of the first scheduled mortgage payment to be made by the borrower as specified on the mortgage note. | Loan Term and Amortization Type | Date | 20090914 | YYYYMMDD | Always | “19010101” if unknown | N/A | |
31 | Interest Type Indicator | Indicates whether the interest rate calculation method is simple or actuarial. | Loan Term and Amortization Type | Numeric – Integer | 2 | 99 | Always | See Coding | 1= Simple 2 = Actuarial 99 = Unknown |
|
32 | Original Interest Only Term | Original interest-only term for a loan in months (including NegAm Loans). | Loan Term and Amortization Type | Numeric – Integer | 60 | 999 | Always | >= 0 and <= 240 Unknown = Blank; No Interest Only Term = 0 |
||
33 | Buy Down Period | The total number of months during which any buy down is in effect, representing the accumulation of all buy down periods. | Loan Term and Amortization Type | Numeric – Integer | 65 | 999 | Always | >= 0 and <= 100 Unknown = Blank; No Buy Down = 0 |
||
34 | HELOC Draw Period | The original number of months during which the borrower may draw funds against the HELOC account. | Loan Term and Amortization Type | Numeric – Integer | 24 | 999 | HELOCs Only | >= 12 and <= 120 | ||
35 | Scheduled Loan Amount | Mortgage loan scheduled principal balance as of cut-off date. For HELOCs, the current drawn amount. | Loan Term and Amortization Type | Numeric – Decimal | 248951.19 | 9(10).99 | Always | >= 0 | ||
36 | Current Interest Rate | The interest rate used to calculate the current P&I or I/O payment. | Loan Term and Amortization Type | Numeric – Decimal | 0.05875 | 9.999999 | Always | > 0 and <= 1 | ||
37 | Current Payment Amount Due | Next Total Payment due to be collected (including principal, interest or both—but Exclude Escrow Amounts). | Loan Term and Amortization Type | Numeric – Decimal | 1250.15 | 9(10).99 | Always | > 0 | ||
38 | Scheduled
Interest Paid Through Date |
Loan Term and Amortization Type | Date | 20090429 | YYYYMMDD | Always | “19010101” if unknown | |||
39 | Current Payment Status | Number of payments the borrower is past due as of the securitization cut-off date. | Loan Term and Amortization Type | Numeric – Integer | 3 | 99 | Always | >= 0 | ||
40 | Index Type | Specifies the type of index to be used to determine the interest rate at each adjustment. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 18 | 99 | ARMs Only | See Coding | See Appendix B | |
41 | ARM Look-back Days | The number of days prior to the interest rate adjustment date to retrieve the index value. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 45 | 99 | ARMs Only | >= 0 to <=99 | ||
42 | Gross Margin | The percentage stated on the mortgage note representing the spread between the ARM Index value and the mortgage interest rate. The gross mortgage margin is added to the index value to establish a new gross interest rate in the manner prescribed on the mortgage note. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.03 | 9.999999 | ARMs Only | >0 and <= 1 | ||
43 | ARM Round Flag | An indicator of whether an adjusted interest rate is rounded to the next higher ARM round factor, to the next lower round factor, or to the nearest round factor. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 3 | 9 | ARMs Only | See Coding | 0 = No Rounding 1 = Up 2 = Down 3 = Nearest 99=Unknown |
|
44 | ARM Round Factor | The percentage to which an adjusted interest rate is to be rounded. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.0025 or 0.00125 | 9.999999 | ARMs Only Where ARM Round Flag = 1, 2, or 3 |
>= 0 and < 1 | ||
45 | Initial Fixed Rate Period | For hybrid ARMs, the period between the first payment date of the mortgage and the first interest rate adjustment date. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 60 | 999 | Hybrid ARMs Only | >= 1 to <=240 | ||
46 | Initial Interest Rate Cap (Change Up) | The maximum percentage by which the mortgage note rate may increase at the first interest rate adjustment date. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.02 | 9.999999 | ARMs Only | >= 0 and <= 1 | 99=no cap | |
47 | Initial Interest Rate Cap (Change Down) | The maximum percentage by which the mortgage note rate may decrease at the first interest rate adjustment date. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.02 | 9.999999 | ARMs Only | >= 0 and <= 1 | 99=no cap | |
48 | Subsequent Interest Rate Reset Period | The number of months between subsequent rate adjustments. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 60 | 999 | ARMs Only | >=0 and <= 120 | 0 = Loan does not adjust after initial reset | |
49 | Subsequent Interest Rate (Change Down) | The maximum percentage by which the interest rate may decrease at each rate adjustment date after the initial adjustment. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.02 | 9.999999 | ARMs Only | >= 0 and <= 1 | 99=no cap | |
50 | Subsequent Interest Rate Cap (Change Up) | The maximum percentage by which the interest rate may increase at each rate adjustment date after the initial adjustment. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.02 | 9.999999 | ARMs Only | >= 0 and <= 1 | 99=no cap | |
51 | Lifetime Maximum Rate (Ceiling) | The maximum interest rate that can be in effect during the life of the loan. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.125 | 9.999999 | ARMs Only | >= 0 and <= 1 | =1 if no ceiling specified | |
52 | Lifetime Minimum Rate (Floor) | The minimum interest rate that can be in effect during the life of the loan. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.015 | 9.999999 | ARMs Only | >= 0 and <= 1 | If no floor is specified enter the greater of the margin or 0. | |
53 | Negative Amortization Limit | The maximum amount of negative amortization allowed before recast is required. (Expressed as a percentage of the original unpaid principal balance.) | Negative Amortization | Numeric – Decimal | 1.25 | 9.999999 | Negatively Amortizing ARMs Only | >=0, and <2 | ||
54 | Initial Negative Amortization Recast Period | The number of months in which the payment is required to recast if the loan does not reach the prescribed maximum balance earlier. | Negative Amortization | Numeric – Integer | 60 | 999 | Negatively Amortizing ARMs Only | >=0 | ||
55 | Subsequent Negative Amortization Recast Period | The number of months after which the payment is required to recast AFTER the first recast period. | Negative Amortization | Numeric – Integer | 48 | 999 | Negatively Amortizing ARMs Only | >=0 | ||
56 | Initial Fixed Payment Period | Number of months after origination during which the payment is fixed. | Negative Amortization | Numeric – Integer | 60 | 999 | Negatively Amortizing Hybrid ARMs Only | >= 0 to <=120 | ||
57 | Subsequent Payment Reset Period | Number of months between payment adjustments after first payment reset. | Negative Amortization | Numeric – Integer | 12 | 999 | Negatively Amortizing ARMs Only | >= 0 to <=120 | ||
58 | Initial Periodic Payment Cap | The maximum percentage by which a payment can change (increase or decrease) in the first period. | Negative Amortization | Numeric – Decimal | 0.075 | 9.999999 | Negatively Amortizing ARMs Only | >= 0 and < 1 | ||
59 | Subsequent Periodic Payment Cap | The maximum percentage by which a payment can change (increase or decrease) in one period after the initial cap. | Negative Amortization | Numeric – Decimal | 0.075 | 9.999999 | Negatively Amortizing ARMs Only | >= 0 and < 1 | ||
60 | Initial Minimum Payment Reset Period | The maximum number of months a borrower can initially pay the minimum payment before a new minimum payment is determined. | Negative Amortization | Numeric – Integer | 12 | 999 | Negatively Amortizing ARMs Only | >= 0 to <=120 | ||
61 | Subsequent Minimum Payment Reset Period | The maximum number of months (after the initial period) a borrower can pay the minimum payment before a new minimum payment is determined after the initial period. | Negative Amortization | Numeric – Integer | 12 | 999 | Negatively Amortizing ARMs Only | >= 0 to <=120 | ||
62 | Option ARM Indicator | An indicator of whether the loan is an Option ARM. | Negative Amortization | Numeric – Integer | 1 | 99 | ARMs Only | See Coding | 0 = No 1 = Yes 99 = Unknown |
|
63 | Options at Recast | The means of computing the lowest monthly payment available to the borrower after recast. | Option ARM | Numeric – Integer | 2 | 99 | Option ARMs Only | N/A | 1= Fully amortizing 30 year 2= Fully amortizing 15 year 3=Fully amortizing 40 year 4 = Interest-Only 5 = Minimum Payment 99= Unknown |
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64 | Initial Minimum Payment | The initial minimum payment the borrower is permitted to make. | Option ARM | Numeric – Decimal | 879.52 | 99 | Option ARMs Only | >=0 | ||
65 | Current Minimum Payment | Current Minimum Payment (in dollars). | Negative Amortization | Numeric – Decimal | 250 | 9(10).99 | Option ARMs Only | >= 0 | ||
66 | Prepayment Penalty Calculation | A description of how the prepayment penalty would be calculated during each phase of the prepayment penalty term. | Prepayment Penalties | Numeric – Integer | 12 | 99 | Always | See Coding | See Appendix C | |
67 | Prepayment Penalty Type | • Hard: The prepayment penalty is incurred regardless of the reason the loan is prepaid in full. • Hybrid: The prepayment penalty can be characterized as hard for a certain amount of time and as soft during another period. |
Prepayment Penalties | Numeric – Integer | 1 | 99 | All loans with Prepayment Penalties (i.e., loans for which Field 66 = something other than “0”) | See Coding | 1 = Hard 2 = Soft 3 = Hybrid 99 = Unknown |
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68 | Prepayment Penalty Total Term | The total number of months that the prepayment penalty may be in effect. | Prepayment Penalties | Numeric – Integer | 60 | 999 | All loans with Prepayment Penalties (i.e., loans for which Field 66 = something other than “0”) | >0 to <=120 | ||
69 | Prepayment Penalty Hard Term | For hybrid prepayment penalties, the number of months during which a “hard” prepayment penalty applies. | Prepayment Penalties | Numeric – Integer | 12 | 999 | Loans with Hybrid Prepayment Penalties (i.e., loans for which Field 67 = “3”) | >= 0 to <=120 | ||
70 | Primary Borrower ID | A lender-generated ID number for the primary borrower on the mortgage | Borrower | Numeric—Integer | 123456789 | 999999999 | Always | >0 | Used to identify the number of times a single borrower appears in a given deal. | |
71 | Number of Mortgaged Properties | The number of residential properties owned by the borrower that currently secure mortgage loans. | Borrower | Numeric – Integer | 1 | 99 | Always | > 0 | ||
72 | Total Number of Borrowers | The number of Borrowers who are obligated to repay the mortgage note. | Borrower | Numeric – Integers | 2 | 99 | Always | > 0 | ||
73 | Self-employment Flag | An indicator of whether the primary borrower is self-employed. | Borrower | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
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74 | Current ‘Other’ Monthly Payment | The aggregate of all payments pertaining to the subject property other than principal and interest (includes common charges, condo fees, T&I, HOA, etc.), whether escrowed or not. | Loan Term and Amortization Type | Numeric – Decimal | 1789.25 | 9(10).99 | Always | > 0 | ||
75 | Length of Employment: Borrower | The number of years of service with the borrower’s current employer as of the date of the loan. | Borrower Qualification | Numeric – Decimal | 3.5 | 99.99 | Always | >=0 | 99 = Retired, None employment income soure (social security, trust income, dividends, etc.) | |
76 | Length of Employment: Co-Borrower | The number of years of service with the co-borrower’s current employer as of the date of the loan. | Borrower Qualification | Numeric – Decimal | 3.5 | 99.99 | If “Total Number of Borrowers” > 1 | >= 0 | 99 = Retired, None employment income soure (social security, trust income, dividends, etc.) | |
77 | Years in Home | Length of time that the borrower has been at current address. | Borrower Qualification | Numeric – Decimal | 14.5 | 99.99 | Refinances of Primary Residences Only (Loan Purpose = 1, 2, 3, 4, 8 or 9) | > 0 | ||
78 | FICO Model Used | Indicates whether the FICO score was calculated using the Classic, Classic 08, or Next Generation model. | Borrower Qualification | Numeric – Integer | 1 | 99 | If a FICO score was obtained | See Coding | 1 = Classic 2 = Classic 08 3 = Next Generation 99 = Unknown |
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79 | Most Recent FICO Date | Specifies the date on which the most recent FICO score was obtained | Borrower Qualification | Date | 20090914 | YYYYMMDD | If a FICO score was obtained | “19010101” if unknown | Issuers unable to Provide may Rep and Warrant that the FICO score used for underwriting was not more than 4 months old at the date of issuance. | |
80 | Primary Wage Earner Original FICO: Equifax | Equifax FICO score for primary borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a FICO score was obtained | >= 350 and <= 850 | ||
81 | Primary Wage Earner Original FICO: Experian | Experian FICO score for primary borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a FICO score was obtained | >= 350 and <= 850 | ||
82 | Primary Wage Earner Original FICO: TransUnion | TransUnion FICO score for primary borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a FICO score was obtained | >= 350 and <= 850 | ||
83 | Secondary Wage Earner Original FICO: Equifax | Equifax FICO score for Co-borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If “Total Number of Borrowers” > 1 | >= 350 and <= 850 | ||
84 | Secondary Wage Earner Original FICO: Experian | Experian FICO score for Co-borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If “Total Number of Borrowers” > 1 | >= 350 and <= 850 | ||
85 | Secondary Wage Earner Original FICO: TransUnion | TransUnion FICO score for Co-borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If “Total Number of Borrowers” > 1 | >= 350 and <= 850 | ||
86 | Most Recent Primary Borrower FICO | Most Recent Primary Borrower FICO score used by the lender to approve the loan. | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a FICO score was obtained | >= 350 and <= 850 | ||
87 | Most Recent Co-Borrower FICO | Most Recent Co-Borrower FICO score used by the lender to approve the loan. | Borrower Qualification | Numeric – Integer | 720 | 9999 | If “Total Number of Borrowers” > 1 | >= 350 and <= 850 | ||
88 | Most Recent FICO Method | Number of credit repositories used to update the FICO Score. | Borrower Qualification | Numeric – Integer | 2 | 9 | If a FICO score was obtained | >0 | ||
89 | VantageScore: Primary Borrower | Credit Score for the Primary Borrower used to approve the loan and obtained using the Vantage credit evaluation model. | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a Vantage Credit Score was obtained | >= 501 and <= 990 | ||
90 | VantageScore: Co-Borrower | Credit Score for the Co-borrower used to approve the loan and obtained using the Vantage credit evaluation model. | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a VantageScore was obtained AND “Total Number of Borrowers” > 1 | >= 501 and <= 990 | ||
91 | Most Recent VantageScore Method | Number of credit repositories used to update the Vantage Score. | Borrower Qualification | Numeric – Integer | 2 | 9 | If a Vantage Credit Score was obtained | >0 | ||
92 | VantageScore Date | Date Vantage Credit Score was obtained. | Borrower Qualification | Date | 20090914 | YYYYMMDD | If a Vantage Credit Score was obtained | “19010101” if unknown | ||
93 | Credit Report: Longest Trade Line | The length of time in months that the oldest active trade line, installment or revolving, has been outstanding. For a loan with more than one borrower, populate field based on status for the primary borrower. | Borrower Qualification | Numeric – Integer | 999 | 999 | Always | > =0 | Subject to Regulatory Confirmation | |
94 | Credit Report: Maximum Trade Line | The dollar amount for the trade line, installment or revolving, with the largest unpaid balance. For revolving lines of credit, e.g. credit card, the dollar amount reported should reflect the maximum amount of credit available under the credit line whether used or not. For a loan with more than one borrower, populate field based on status for the primary borrower. | Borrower Qualification | Numeric – Decimal | 339420.19 | 9(10).99 | Always | >=0 | Subject to Regulatory Confirmation | |
95 | Credit Report: Number of Trade Lines | A count of non-derogatory, currently open and active, consumer trade lines (installment or revolving) for the borrower. For a loan with more than one borrower, populate field based on status for the primary borrower. | Borrower Qualification | Numeric – Integer | 57 | 999 | Always | >=0 | Subject to Regulatory Confirmation | |
96 | Credit Line Usage Ratio | Sum of credit balances divided by sum of total open credit available. | Borrower Qualification | Numeric – Decimal | 0.27 | 9.999999 | Always | >= 0 and <= 1 | Subject to Regulatory Confirmation | |
97 | Most Recent 12-month Pay History | String indicating the payment status per month listed from oldest to most recent. | Borrower Qualification | Text | 77X123200001 | X(12) | Always | See Coding | 0 = Current 1 = 30-59 days delinquent 2 = 60-89 days delinquent 3 = 90-119 days delinquent 4 = 120+ days delinquent 5 = Foreclosure 6 = REO 7 = Loan did not exist in period X = Unavailable |
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98 | Months Bankruptcy | Number of months since any borrower was discharged from bankruptcy. (Issuers unable to provide this information may rep and warrant that at least x years—as specified in the loan program—have passed since most recent discharge from bankruptcy.) | Borrower Qualification | Numeric – Integer | 12 | 999 | If Borrower has ever been in Bankruptcy | >= 0 | Blank = Borrower is not known to have been in bankruptcy | |
99 | Months Foreclosure | Number of months since foreclosure sale date. (Issuers unable to provide this information may rep and warrant that at least x years—as specified in the loan program— have passed since most recent foreclosure.) | Borrower Qualification | Numeric – Integer | 12 | 999 | If Borrower has ever been in Foreclosure | >= 0 | Blank = Borrower is not known to have been in foreclosure | |
100 | Primary Borrower Wage Income | Monthly base wage income for primary borrower. | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | Always | >= 0 | ||
101 | Co-Borrower Wage Income | Monthly base wage income for all other borrowers. | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | If “Total Number of Borrowers” > 1 | >= 0 | ||
102 | Primary Borrower Other Income | Monthly Other (non-wage) income for primary borrower. (This figure should include net rental income and be reduced by any net rental loss.) | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | Always | >= 0 | ||
103 | Co-Borrower Other Income | Monthly Other (non-wage) income for all other borrowers. (This figure should include net rental income and be reduced by any net rental loss.) | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | If “Total Number of Borrowers” > 1 | >= 0 | ||
104 | All Borrower Wage Income | Monthly income of all borrowers derived from base salary only. | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | Always | >= 0 | ||
105 | All Borrower Total Income | Monthly income of all borrowers derived from base salary, commission, tips and gratuities, overtime and bonuses, part-time or second-job earnings, alimony, child support, interest and dividend income, notes receivable, trust income, net rental income, retirement income, social security, veterans income, military income, foster care income, and self-employed income. | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | Always | >= 0 | ||
106 | 4506-T Indicator | A yes/no indicator of whether a Transcript of Tax Return (received pursuant to the filing of IRS Form 4506-T) was obtained and considered. | Borrower Qualification | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
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107 | Borrower Income Verification Level | A code indicating the extent to which the borrower’s income has been verified: Level 4 Income Verification = [W-2 (Prev. Yr.) OR TAX RETURNS* (Prev. Yr.)] AND PAY STUBS (YTD (at least one month)–if salaried) Level 5 Income Verification = 24 months income verification (W-2s, pay stubs, bank statements and/or tax returns**) *For self-employed
borrowers: Level 4 Income Verification:
|
Borrower Qualification | Numeric – Integer | 1 | 9 | Always | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, “Level 4” Verified (as defined) 5 = Stated, “Level 5” Verified (as defined) |
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108 | Co-Borrower Income Verification | A code indicating the extent to which the co-borrower’s income has been verified: Level 4 Income Verification = [W-2 (Prev. Yr.) OR TAX RETURNS* (Prev. Yr.)] AND PAY STUBS (YTD (at least one month)–if salaried) Level 5 Income Verification = 24 months income verification (W-2s, pay stubs, bank statements and/or tax returns**) *For self-employed borrowers:
Level 4 Income Verification: |
Borrower Qualification | Numeric – Integer | 2 | 9 | If “Total Number of Borrowers” > 1 | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, “Level 4” Verified (as defined) 5 = Stated, “Level 5” Verified (as defined) |
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109 | Borrower Employment Verification | A code indicating the extent to which the primary borrower’s employment has been verified: Level 3 Verified = Direct Independent Verification with a third party of the borrower’s current employment. |
Borrower Qualification | Numeric – Integer | 2 | 9 | Always | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, Level 3 Verified (as defined) |
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110 | Co-Borrower Employment Verification | A code indicating the extent to which the co-borrower’s employment has been verified: Level 3 Verified = Direct Independent Verification with a third party of the co-borrower’s current employment. |
Borrower Qualification | Numeric – Integer | 1 | 9 | If “Total Number of Borrowers” > 1 | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, Level 3 Verified (as defined) |
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111 | Borrower Asset Verification | A code indicating the extent to which the primary borrower’s assets used to qualify the loan have been verified: Level 4 Verified = 2 months of bank statements/balance documentation (written or electronic) for liquid assets (or gift letter). |
Borrower Qualification | Numeric – Integer | 3 | 9 | Always | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, Level 4 Verified (as defined) |
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112 | Co-Borrower Asset Verification | A code indicating the extent to which the co-borrower’s assets used to qualify the loan have been verified: Level 4 = 2 months of bank statements/balance documentation (written or electronic) for liquid assets (or gift letter). |
Borrower Qualification | Numeric – Integer | 2 | 9 | If “Total Number of Borrowers” > 1 | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, Level 4 Verified (as defined) |
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113 | Liquid / Cash Reserves | The actual dollar amount of remaining verified liquid assets after settlement. (This should not include cash out amount of subject loan.) | Borrower Qualification | Numeric – Decimal | 3242.76 | 9(9).99 | Always | >= 0 | ||
114 | Monthly Debt All Borrowers | The aggregate monthly payment due on other debt (excluding only installment loans with fewer than 10 payments remaining and other real estate loans used to compute net rental income-- which is added/subtracted in the income fields). | Borrower Qualification | Numeric – Decimal | 3472.43 | 9(9).99 | Always | >= 0 | ||
115 | Originator DTI | Total Debt to income ratio used by the originator to qualify the loan. | Borrower Qualification | Numeric – Decimal | 0.35 | 9.999999 | Always | >= 0 and >= 1 | ||
116 | Fully Indexed Rate | The fully indexed interest rate as of securitization cut-off. | Borrower Qualification | Numeric – Decimal | 0.0975 | 9.999999 | ARMs Only | >= 0 and >= 1 | ||
117 | Qualification Method | Type of mortgage payment used to qualify the borrower for the loan. | Borrower Qualification | Numeric – Integer | 3 | 99 | Always | See Coding | 1 = Start Rate 2 = First Year Cap Rate 3 = I/O Amount 4 = Fully Indexed 5 = Min Payment 98 = Other 99 = Unknown |
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118 | Percentage of Down Payment from Borrower Own Funds | Include only borrower funds, do not include any gift or borrowed funds. (Issuers may provide the actual percentage for each loan, or the guideline percentage and note departure concentration on the transaction summary.) | Borrower Qualification | Numeric – Decimal | 0.5 | 9.999999 | Purchase Loans Only | >= 0 and >= 1 | ||
119 | City | The name of the city. | Subject Property | Text | New York | X(45) | Always | Unk=Unknown | ||
120 | State | The name of the state as a 2-digit Abbreviation. | Subject Property | Text | NY | XX | Always | See Coding | See Appendix H | |
121 | Postal Code | The postal code (zip code in the US) where the subject property is located. | Subject Property | Text | 10022 | X(5) | Always | Unk=Unknown | ||
122 | Property Type | Specifies the type of property being used to secure the loan. | Subject Property | Numeric – Integer | 11 | 99 | Always | See Coding | See Appendix D | |
123 | Occupancy | Specifies the property occupancy status (e.g., owner-occupied, investment property, second home, etc.). | Subject Property | Numeric – Integer | 4 | 9 | Always | See Coding | See Appendix E | |
124 | Sales Price | The negotiated price of a given property between the buyer and seller. | Subject Property | Numeric – Decimal | 450000.23 | 9(10).99 | Purchase Loans Only | > 0 | ||
125 | Original Appraised Property Value | The appraised value of the property used to approve the loan. | Subject Property | Numeric – Decimal | 550000.23 | 9(10).99 | Always | > 0 | ||
126 | Original Property Valuation Type | Specifies the method by which the property value (at the time of underwriting) was reported. | Subject Property | Numeric – Integer | 8 | 99 | Always | See Coding | See Appendix F | |
127 | Original Property Valuation Date | Specifies the date on which the original property value (at the time of underwriting) was reported. (Issuers unable to provide may Rep and Warrant that the appraisal used for underwriting was not more than x days old at time of loan closing.) | Subject Property | Date | 20090914 | YYYYMMDD | Always | “19010101” if unknown | ||
128 | Original Automated Valuation Model (AVM) Model Name | The name of the AVM Vendor if an AVM was used to determine the original property valuation. | Subject Property | Numeric – Integer | 1 | 99 | Always | See Appendix I | See Appendix I | |
129 | Original AVM Confidence Score | The confidence range presented on the AVM report. | Subject Property | Numeric – Decimal | 0.74 | 9.999999 | If AVM Model Name (Field 127) > 0 | >= 0 to <= 1 | ||
130 | Most Recent Property Value[1] | If a valuation was obtained subsequent to the valuation used to calculate LTV, the most recent property value. | Subject Property | Numeric – Decimal | 500000 | 9(10).99 | If updated value was obtained subsequent to loan approval | > 0 | ||
131 | Most Recent Property Valuation Type | If an additional property valuation was obtained after the valuation used for underwriting purposes, the method by which the property value was reported. | Subject Property | Numeric – Integer | 6 | 9 | If updated value was obtained subsequent to loan approval | See Coding | See Appendix F | |
132 | Most Recent Property Valuation Date | Specifies the date on which the updated property value was reported. | Subject Property | Date | 20090914 | YYYYMMDD | If updated value was obtained subsequent to loan approval | “19010101” if unknown | ||
133 | Most Recent AVM Model Name | The name of the AVM Vendor if an AVM was used to determine the updated property valuation. | Subject Property | Numeric – Integer | 19 | 99 | If updated value was obtained subsequent to loan approval | See Coding | See Appendix I | |
134 | Most Recent AVM Confidence Score | If AVM used to determine the updated property valuation, the confidence range presented on the AVM report. | Subject Property | Numeric – Decimal | 0.85 | 9.999999 | If “Most Recent AVM Model Name” > 0 | >= 0 to <= 1 | ||
135 | Original CLTV | The ratio obtained by dividing the amount of all known outstanding mortgage liens on a property at origination by the lesser of the appraised value or the sales price. The value is then truncated to four decimal places. | Loan-to-Value (LTV) | Numeric – Decimal | 0.96 | 9.999999 | Always | >= 0 and <= 1.5 | ||
136 | Original LTV | The ratio obtained by dividing the original mortgage loan amount on the note date by the lesser of the mortgaged property’s appraised value on the note date or its purchase price. The value is then truncated to four decimal places. | Loan-to-Value (LTV) | Numeric – Decimal | 0.8 | 9.999999 | Always | >= 0 and <= 1.25 | ||
137 | Original Pledged Assets | The total value of assets pledged as collateral for the loan at the time of origination. Pledged assets may include cash or marketable securities. | Loan-to-Value (LTV) | Numeric – Decimal | 75000 | 9(10).99 | Always | >=0 | ||
138 | Mortgage Insurance Company Name | The name of the entity providing mortgage insurance for a loan. | Mortgage Insurance | Numeric – Integer | 3 | 99 | Always | See Coding | See Appendix G | |
139 | Mortgage Insurance Percent | Mortgage Insurance coverage percentage. | Mortgage Insurance | Numeric – Decimal | 0.25 | 9.999999 | “Mortgage Insurance Company Name” > 0 | >= 0 to <= 1 | ||
140 | MI: Lender or Borrower Paid? | An indicator of whether mortgage insurance is paid by the borrower or the lender. | Mortgage Insurance | Numeric – Integer | 1 | 99 | “Mortgage Insurance Company Name” > 0 | See Coding | 1 = Borrower-Paid 2 = Lender- Paid 99 = Unknown |
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141 | Pool Insurance Co. Name | Name of pool insurance provider. | Mortgage Insurance | Numeric – Integer | 8 | 99 | Always | See Coding | See Appendix G | |
142 | Pool Insurance Stop Loss % | The aggregate amount that a pool insurer will pay, calculated as a percentage of the pool balance. | Mortgage Insurance | Numeric – Decimal | 0.25 | 9.999999 | Pool MI Company > 0 | >= 0 to <= 1 | ||
143 | MI Certificate Number | The unique number assigned to each individual loan insured under an MI policy. | Mortgage Insurance | Text | 123456789G | X(20) | MI Company > 0 |
UNK = Unknown | ||
144 | Updated DTI (Front-end) |
Updated front-end DTI ratio (total monthly housing expense divided by total monthly income) used to qualify the loan modification. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.35 | 9.999999 | Modified Loans Only | >= 0 and >= 1 | ||
145 | Updated DTI (Back-end) |
Updated back-end DTI ratio (total monthly debt expense divided by total monthly income) used to qualify the loan modification. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.35 | 9.999999 | Modified Loans Only | >= 0 and >= 1 | ||
146 | Modification Effective Payment Date | Date of first payment due post modification. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Date | 20090914 | YYYYMMDD | Modified Loans Only | “19010101” if unknown | ||
147 | Total Capitalized Amount | Amount added to the principal balance of a loan due to the modification. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 12000 | 9(10).99 | Modified Loans Only | >= 0 | ||
148 | Total Deferred Amount | Any non-interest-bearing deferred amount (e.g., principal, interest and fees). | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 12000 | 9(10).99 | Modified Loans Only | >= 0 | ||
149 | Pre-Modification Interest (Note) Rate | Scheduled Interest Rate Of The Loan Immediately Preceding The Modification Effective Payment Date. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.075 | 9.999999 | Modified Loans Only | >= 0 to <= 1 | ||
150 | Pre-Modification P&I Payment | Scheduled Total Principal And Interest Payment Amount Preceding The Modification Effective Payment Date – or if servicer is no longer advancing P&I, the payment that would be in effect if the loan were current. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 2310.57 | 9(10).99 | Modified Loans Only | > 0 | ||
151 | Pre-Modification Initial Interest Rate Change Downward Cap | Maximum amount the rate can adjust downward on the first interest rate adjustment date (prior to modification) – Only provide if the rate floor is modified. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.015 | 9.999999 | Modified Loans Only | >= 0 to <= 1 | ||
152 | Pre-Modification Subsequent Interest Rate Cap | Maximum increment the rate can adjust upward AFTER the initial rate adjustment (prior to modification) – Only provide if the Cap is modified. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.015 | 9.999999 | Modified Loans Only | >= 0 to <= 1 | ||
153 | Pre-Modification Next Interest Rate Change Date | Next Interest Reset Date Under The Original Terms Of The Loan (one month prior to new payment due date). | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Date | 20090914 | YYYYMMDD | Modified Loans Only | “19010101” if unknown | ||
154 | Pre-Modification I/O Term | Interest Only Term (in months) preceding The Modification Effective Payment Date. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Integer | 36 | 999 | Modified Loans Only | >= 0 to <= 120 | ||
155 | Forgiven Principal Amount | The sum total of all principal balance reductions (as a result of loan modification) over the life of the loan. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 12000 | 9(10).99 | Modified Loans Only | >= 0 | ||
156 | Forgiven Interest Amount | The sum total of all interest incurred and forgiven (as a result of loan modification) over the life of the loan. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 12000 | 9(10).99 | Modified Loans Only | >= 0 | ||
157 | Number of Modifications | The number of times the loan has been modified. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Integer | 1 | 9 | Modified Loans Only | >= 0 | ||
158 | Cash To/From Brrw at Closing | Indicates
the amount of cash the borrower(s) paid into or received at closing. [HUD-1 Bottom Line] + [Earnest money] + [Paid Outside Closing Items] |
Numeric – Decimal | 100000.01 | 9(10).99 | |||||
159 | Brrw - Yrs at in Industry | Number of years the primary borrower has been working in their current industry | Numeric – Decimal | 9.9 | 9.999999 | |||||
160 | CoBrrw - Yrs at in Industry | Number of years the co-borrower has been working in their current industry | Numeric – Decimal | 8 | 9.999999 | |||||
161 | Junior Mortgage Drawn Amount | Applicable if the subject loan is a first mortgage. At the time of origination for the subject loan, the sum of the outstanding balance(s) for any junior mortgages (HELOCs and closed-end). | Numeric – Decimal | 100000.01 | 9(10).99 | |||||
162 | Maturity Date | Maturity date of mortgage | Date | 20420501 | YYYYMMDD | |||||
163 | Primary Borrower Wage Income (Salary) | The primary borrower's salary wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
164 | Primary Borrower Wage Income (Bonus) | The primary borrower's bonus wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
165 | Primary Borrower Wage Income (Commission) | The primary borrower's commission wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
166 | Co-Borrower Wage Income (Salary) | The coborrower's salary wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
167 | Co-Borrower Wage Income (Bonus) | The coborrower's bonus wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
168 | Co-Borrower Wage Income (Commission) | The coborrower's commission wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
169 | Originator Doc Code | Documentation Code value as presented by the seller. | Text | Full | XXXX | |||||
170 | RWT Income Verification | Internal Redwood Derived field. Due Diligence / Trade Desk derived value indicating the level of primary borrower asset verification | Text | 2 Years | XXXX | |||||
171 | RWT Asset Verification | Internal Redwood Derived field. Due Diligence / Trade Desk derived value indicating the level of primary borrower Income verification | Text | 2 Months | XXXX | |||||
MH-1 | Real Estate Interest | Indicates whether the property on which the manufactured home is situated is owned outright or subject to the terms of a short- or long-term lease. (A long-term lease is defined as a lease whose term is greater than or equal to the loan term.) | Manufactured Housing | Numeric – Integer | 2 | 99 | Manufactured Housing Loans Only | See Coding | 1 = Owned 2 = Short-term lease 3 = Long-term lease 99 = Unavailable |
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MH-2 | Community Ownership Structure | If the manufactured home is situated in a community, a means of classifying ownership of the community. | Manufactured Housing | Numeric – Integer | 2 | 99 | Manufactured Housing Loans Only | See Coding | 1 = Public Institutional 2 = Public Non-Institutional 3 = Private Institutional 4 = Private Non-Institutional 5 = HOA-Owned 6 = Non-Community 99 = Unavailable |
|
MH-3 | Year of Manufacture | The year in which the home was manufactured (Model Year -- YYYY Format). Required only in cases where a full appraisal is not provided. | Manufactured Housing | Numeric – Integer | 2006 | YYYY | Manufactured Housing Loans Only | 1901 = Unavailable | ||
MH-4 | HUD Code Compliance Indicator (Y/N) | Indicates whether the home was constructed in accordance with the 1976 HUD code. In general, homes manufactured after 1976 comply with this code. | Manufactured Housing | Numeric – Integer | 1 | 9 | Manufactured Housing Loans Only | See Codes | 0 = No 1 = Yes 99 = Unavailable |
|
MH-5 | Gross Manufacturer’s Invoice Price | The total amount that appears on the manufacturer’s invoice (typically includes intangible costs such as transportation, association, on-site setup, service and warranty costs, taxes, dealer incentives, and other fees). | Manufactured Housing | Numeric – Decimal | 72570.62 | 9(10).99 | Manufactured Housing Loans Only | >= 0 | ||
MH-6 | LTI (Loan-to-Invoice) Gross | The ratio of the loan amount divided by the Gross Manufacturer’s Invoice Price (Field MH-5). | Manufactured Housing | Numeric – Decimal | 0.75 | 9.999999 | Manufactured Housing Loans Only | >= 0 to <= 1 | ||
MH-7 | Net Manufacturer’s Invoice Price | The Gross Manufacturer’s Invoice Price (Field MH-5) minus intangible costs, including: transportation, association, on-site setup, service, and warranty costs, taxes, dealer incentives, and other fees. | Manufactured Housing | Numeric – Decimal | 61570.62 | 9(10).99 | Manufactured Housing Loans Only | >= 0 | ||
MH-8 | LTI (Net) | The ratio of the loan amount divided by the Net Manufacturer’s Invoice Price (Field MH-7). | Manufactured Housing | Numeric – Decimal | 0.62 | 9.999999 | Manufactured Housing Loans Only | >= 0 to <= 1 | ||
MH-9 | Manufacturer Name | The manufacturer of the subject property. (To be applied only in cases where no appraised value/other type of property valuation is available.) | Manufactured Housing | Text | “XYZ Corp” | Char (100) | Manufactured Housing Loans Only (where no appraised value is provided) | MH Manufacturer name in double quotation marks | ||
MH-10 | Model Name | The model name of the subject property. (To be applied only in cases where no appraised value/other type of property valuation is available.) | Manufactured Housing | Text | “DX5-916-X” | Char (100) | Manufactured Housing Loans Only (where no appraised value is provided) | MH Model name in double quotation marks | ||
MH-11 | Down Payment Source | An indicator of the source of the down payment used by the borrower to acquire the property and qualify for the mortgage. | Manufactured Housing | Numeric – Integer | 2 | 99 | Manufactured Housing Loans Only | See Codes | 1 = Cash 2 = Proceeds from trade in 3 = Land in Lieu 4 = Other 99 = Unavailable |
|
MH-12 | Community/Related Party Lender (Y/N) | An indicator of whether the loan was made by the community owner, an affiliate of the community owner or the owner of the real estate upon which the collateral is located. | Manufactured Housing | Numeric – Integer | 1 | 99 | Manufactured Housing Loans Only | See Codes | 0 = No 1 = Yes 99 = Unavailable |
|
MH-13 | Defined Underwriting Criteria (Y/N) | An indicator of whether the loan was made in accordance with a defined and/or standardized set of underwriting criteria. | Manufactured Housing | Numeric – Integer | 1 | 99 | Manufactured Housing Loans Only | See Codes | 0 = No 1 = Yes 99 = Unavailable |
|
MH-14 | Chattel Indicator | An Indicator of whether the secured property is classified as chattel or Real Estate. | Manufactured Housing | Numeric – Integer | 1 | 99 | Manufactured Housing Loans Only | See Codes | 0 = Real
Estate 1 = Chattel 99 = Unavailable |
APPENDIX A
MODIFICATIONS TO THE FLOW SERVICING AGREEMENT
1. The definition of “Assumed Principal Balance” in Section 1 is revised to read in its entirety as follows:
“Assumed Principal Balance: As to each Mortgage Loan as of any date of determination, (i) the principal balance of the Mortgage Loan outstanding as of the Cut-off Date after application of payments due on or before the Cut-off Date, whether or not received, minus (ii) all amounts previously distributed to the Owner with respect to the Mortgage Loan pursuant to Subsection 11.15 and representing (a) payments or other recoveries of principal or (b) advances of scheduled principal payments made pursuant to Subsection 11.17.”
2. The definition of “Business Day” in Section 1 is revised to read in its entirety as follows:
“Business Day: Any day other than (i) a Saturday or a Sunday, or (ii) a legal holiday in the State of New York, the State of New Jersey, the State of California, the State of Delaware, the State of Maryland or the State of Minnesota, or (iii) a day on which banks in the State of New York, the State of New Jersey, the State of California, the State of Delaware, the State of Maryland or the State of Minnesota are authorized or obligated by law or executive order to be closed.”
3. The definition of “Closing Date” in Section 1 is revised to read in its entirety as follows:
“Closing Date: October 30, 2012, except with respect to Section 3 and the Servicer Acknowledgement(s).”
4. The definition of “Cut-off Date” in Section 1 is revised to read in its entirety as follows:
“Cut-off Date: October 1, 2012, except with respect to the Servicer Acknowledgement(s).”
5. The definition of “Eligible Account” in Section 1 is revised to read in its entirety as follows:
“Eligible Account: Any account or accounts maintained with a federal or state chartered depository institution or trust company the debt obligations of which (or, in the case of a depository institution or trust company that is the principal subsidiary of a holding company, the debt obligations of such holding company) satisfy each of the following criteria: (1) the short-term unsecured debt obligations of such entity are rated in the highest rating category of Fitch, Inc. (“Fitch”) and Moody’s Investors Service, Inc. (“Moody’s”) and the long-term unsecured debt obligations of such entity are rated in one of the two highest rating categories of Fitch and Moody’s and (2) if the unsecured debt obligations of such entity are rated by Kroll Bond Rating Agency, Inc. (“KBRA”), then the short-term unsecured debt obligations of such entity are rated in the highest rating category of KBRA and the long-term unsecured debt obligations of such entity are rated in one of the three highest rating categories of KBRA. If the ratings no longer satisfy each of these criteria, the funds on deposit therewith in connection with this transaction shall be transferred to an Eligible Account within 30 days of such downgrade. Eligible Accounts may bear interest.
6. The definition of “First Remittance Date” in Section 1 is revised to read in its entirety as follows:
“First Remittance Date: November 20, 2012.” |
7. A new definition of “MERS Event” is hereby added to Section 1, to be inserted alphabetically and to read in its entirety as follows:
“MERS Event: The occurrence of any of the following events:
(i) a Monthly Payment on a MERS Mortgage Loan has not been received within 60 days of its Due Date;
(ii) a court of competent jurisdiction in a particular state rules that MERS is not an appropriate, permissible or authorized system for transferring ownership of Mortgage Loans in that state; or
(iii) (A) a decree or order of a court or agency or supervisory authority having jurisdiction for the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against MERS, and such decree or order shall have remained in force undischarged or unstayed for a period of 60 days; or (B) MERS shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshalling of assets and liabilities, voluntary liquidation or similar proceedings of or relating to MERS or of or relating to all or substantially all of its property; or (C) MERS shall admit in writing its inability to pay its debts generally as they become due, file a petition to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors or voluntarily suspend payment of its obligations.
With respect to the event described in clause (ii), a MERS Event will be deemed to have occurred with respect to all Mortgage Loans in the related state, and with respect to any of the events described in clause (iii), a MERS Event will be deemed to have occurred with respect to all of the Mortgage Loans.”
8. The definition of “Principal Prepayment Period” in Section 1 is revised to read in its entirety as follows:
“Principal Prepayment Period: As to any Remittance Date, the period commencing on the 15th day of the month preceding the month in which such Remittance Date occurs through the 14th day of the month in which such Remittance Date occurs; provided that, with respect to the October 2012 Remittance Date, the Principal Prepayment Period shall be the period commencing on October 1, 2012 through November 14, 2012.”
9. The definition of “Remittance Date” in Section 1 is revised to read in its entirety as follows:
“Remittance Date: The 20th day (or if such 20th day is not a Business Day the first Business Day immediately preceding such 20th day) of any month, beginning with the First Remittance Date.”
10. A new definition of “Servicing Administrator” is hereby added to Section 1, to be inserted alphabetically and to read in its entirety as follows:
“Servicing Administrator: Redwood Residential Acquisition Corporation or its successor in interest.”
11. Owner Representation Correction
In the first sentence of Subsection 7.02(a), the phrase “federal savings bank” is replaced by the phrase “Delaware corporation” and the term “United States” is replaced by the term “Delaware”. |
12. Subsection 11.01(e), first sentence is revised to read in its entirety as follows:
“Consistent with the terms of this Agreement, and subject to the REMIC Provisions if the Mortgage Loans have been transferred to a REMIC, the Servicer may waive, modify or vary any term of any Mortgage Loan or consent to the postponement of strict compliance with any such term or in any manner grant indulgence to any Mortgagor; provided, however, that the Servicer shall not enter into any payment plan or agreement to modify payments with a Mortgagor lasting more than six (6) months or permit any modification with respect to any Mortgage Loan that would change the Mortgage Interest Rate, the Lifetime Rate Cap (if applicable), the Initial Rate Cap (if applicable), the Periodic Rate Cap (if applicable) or the Gross Margin (if applicable), agree to the capitalization of arrearages, including interest, fees or expenses owed under the Mortgage Loan, make any future advances or extend the final maturity date with respect to such Mortgage Loan (provided that the Servicer shall in no event extend the final maturity date past November 25, 2042 or, if such 25th day is not a Business Day, the next succeeding Business Day), or accept substitute or additional collateral or release any collateral for such Mortgage Loan, unless (1) the Mortgagor is in default with respect to the Mortgage Loan, or such default is, in the judgment of the Servicer, imminent, (2) the modification is in accordance with the customary procedures of the Servicer, which may change from time to time, or industry-accepted programs, and (3) the Owner has approved such action.”
13. Subsection 11.03, third sentence is revised to read in its entirety as follows:
“Mortgage Loan payments received by the Servicer will be deposited into a clearing account that is insured by the FDIC on the same day of receipt, unless such payments are received after 4:00 p.m. New York time, in which case such payments will be deposited on the following Business Day.”
14. Subsection 11.04, first sentence of the first paragraph is revised to read in its entirety as follows:
“The Servicer shall segregate and hold all funds collected and received pursuant to each Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts (collectively, the “Custodial Account”), titled “Christiana Trust, a division of Wilmington Savings Fund Society, FSB, in trust for the holders of Sequoia Mortgage Trust 2012-5 Mortgage Pass-Through Certificates.”
15. Subsection 11.04, subclause (f) of the second paragraph is revised to read in its entirety as follows:
“(f) any amount required to be deposited in the Custodial Account pursuant to Subsections 11.15, 11.17, 11.19 and 11.25.”
16. Notwithstanding anything to the contrary in the Flow Servicing Agreement, any Custodial Accounts established by the Servicer pursuant to Subsection 11.04 of the Flow Servicing Agreement shall qualify as Eligible Accounts as defined in the Pooling and Servicing Agreement.
17. Paragraphs (b), (c), (d) and (f) of Subsection 11.05 are revised to read in their entirety as follows:
(b) to reimburse the Servicing Administrator for P&I Advances, the Servicing Administrator’s right to reimbursement pursuant to this subclause (b) with respect to any Mortgage Loan being limited to related Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds and such other amounts as may be collected by the Servicer from the related Mortgagor or otherwise relating to the Mortgage Loan, it being understood that, in the case of any such reimbursement, the Servicing Administrator’s right thereto shall be prior to the rights of the Owner with respect to such Mortgage Loan;
(c) to reimburse itself or the Servicing Administrator for any unpaid portion of any Servicing Fees and for unreimbursed Servicing Advances made by the Servicer or the Servicing Administrator, the Servicer’s right to reimburse itself or the Servicing Administrator pursuant to this subclause (c) with respect to any Mortgage Loan being limited to related Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds and such other amounts as may be collected by the Servicer from the related Mortgagor or otherwise relating to the Mortgage Loan, it being understood that, in the case of any such reimbursement, the rights of the Servicer and Servicing Administrator thereto shall be prior to the rights of the Owner unless the Servicing Administrator is required to pay the Prepayment Interest Shortfall pursuant to Subsection 11.15, in which case the Servicing Administrator’s right to such reimbursement shall be subsequent to the payment to the Owner of such shortfall;
(d) to reimburse itself or the Servicing Administrator for unreimbursed Servicing Advances, to the extent that such amounts are nonrecoverable (as certified by the Servicer or the Servicing Administrator, as applicable, to the Owner in an Officer’s Certificate) by the Servicer or the Servicing Administrator, as applicable, pursuant to subclause (c) above;
. . .
(f) to reimburse the Servicing Administrator for unreimbursed P&I Advances, to the extent that such amounts are nonrecoverable (as certified by the Servicing Administrator to the Owner in an Officer’s Certificate) by the Servicing Administrator pursuant to subclause (b) above;
18. Amendments to Subsection 11.13
(a) Subsection 11.13 is revised by deleting the first sentence and replacing it in its entirety with the following:
“Subject to Subsection 11.02, in the event that title to the Mortgaged Property is acquired in foreclosure or by deed in lieu of foreclosure, the deed or certificate of sale shall be taken in the name of the trust created by the Pooling and Servicing Agreement, where permitted by applicable law or regulation and consistent with Customary Servicing Procedures, and otherwise, in the name of the trustee of the Trust or its nominee.”
(b) Subsection 11.13 is further revised to add the following paragraphs at the end of the section:
“The REO Property must be sold within three years following the end of the calendar year of the date of acquisition if a REMIC election has been made with respect to the arrangement under which the Mortgage Loans and REO Property are held, unless (i) the Owner shall have been supplied with an Opinion of Counsel (at the expense of the Servicing Administrator) to the effect that the holding by the related trust of such Mortgaged Property subsequent to such three-year period (and specifying the period beyond such three-year period for which the Mortgaged Property may be held) will not result in the imposition of taxes on “prohibited transactions” of the related trust as defined in Section 860F of the Code, or cause the related REMIC to fail to qualify as a REMIC, in which case the related trust may continue to hold such Mortgaged Property (subject to any conditions contained in such Opinion of Counsel), or (ii) the Owner (at the Servicer’s expense) or the Servicer shall have applied for, prior to the expiration of such three-year period, an extension of such three-year period in the manner contemplated by Section 856(e)(3) of the Code, in which case the three-year period shall be extended by the applicable period. If a period longer than three years is permitted under the foregoing sentence and is necessary to sell any REO Property, the Servicer shall report monthly to the Owner as to progress being made in selling such REO Property.
Notwithstanding any other provision of this Agreement, if a REMIC election has been made, no Mortgaged Property held by a REMIC shall be rented (or allowed to continue to be rented) or otherwise used for the production of income by or on behalf of the related trust or sold in such a manner or pursuant to any terms that would (i) cause such Mortgaged Property to fail to qualify at any time as “foreclosure property” within the meaning of Section 860G(a)(8) of the Code, (ii) subject the related trust to the imposition of any federal or state income taxes on “net income from foreclosure property” with respect to such Mortgaged Property within the meaning of Section 860G(c) of the Code, or (iii) cause the sale of such Mortgaged Property to result in the receipt by the related trust of any income from non-permitted assets as described in Section 860F(a) (2)(B) of the Code, unless the Servicer has agreed to indemnify and hold harmless the related trust with respect to the imposition of any such taxes.”
19. Servicer Reports. The Servicer shall provide monthly reports to the Purchaser pursuant to Subsection 11.16 in the formats attached hereto as Exhibits 4 and 5, or in such other format as the Servicer, the Purchaser and the Depositor shall agree in writing. No later than two (2) Business Days following the end of each Principal Prepayment Period, the Servicer shall furnish to the Master Servicer a monthly report in a mutually agreed format containing such information regarding prepayments in full on Mortgage Loans during the applicable Principal Prepayment Period as the Servicer and the Master Servicer shall mutually agree.
20. Subsection 11.17 is revised to read in its entirety as follows:
“Subsection 11.17 Advances by the Servicer or Servicing Administrator.
No later than two Business Days immediately preceding each related Remittance Date, the Servicer shall either (a) deposit in the Custodial Account from funds provided by the Servicing Administrator pursuant to Subsection 11.25 an amount equal to the aggregate amount of all Monthly Payments (with interest adjusted to the Mortgage Loan Remittance Rate) which were due on the Mortgage Loans during the applicable Due Period and which were delinquent at the close of business on the immediately preceding Determination Date, (b) cause to be made an appropriate entry in the records of the Custodial Account that amounts held for future distribution have been, as permitted by this Subsection 11.17, used by the Servicer in discharge of any such P&I Advance or (c) make P&I Advances in the form of any combination of (a) or (b) aggregating the total amount of advances to be made, subject to Subsection 11.25. Any amounts held for future distribution and so used shall be replaced by the Servicing Administrator by deposit in the Custodial Account on or before any future Remittance Date if funds in the Custodial Account on such Remittance Date shall be less than payments to the Owner required to be made on such Remittance Date. The Servicing Administrator’s obligation to make P&I Advances as to any Mortgage Loan will continue through the last Monthly Payment due prior to the payment in full of a Mortgage Loan, or through the last related Remittance Date prior to the Remittance Date for the distribution of all other payments or recoveries (including proceeds under any title, hazard or other insurance policy, or condemnation awards) with respect to a Mortgage Loan; provided, however, that such obligation shall cease if the Servicing Administrator, in its good faith judgment, determines that such P&I Advances would not be recoverable pursuant to Subsection 11.05(b). The determination by the Servicing Administrator that a P&I Advance, if made, would be nonrecoverable, shall be evidenced by an Officer’s Certificate of the Servicing Administrator delivered to the Owner, which details the reasons for such determination. Neither the Servicing Administrator nor the Servicer shall have any obligation to advance amounts in respect of shortfalls relating to the Servicemembers Civil Relief Act and similar state and local laws.
21. The first sentence of Subsection 11.18 is revised to read in its entirety as follows:
“The Servicer will use its best efforts to enforce any “due-on-sale” provision contained in any Mortgage or Mortgage Note; provided that, subject to the Owner’s prior approval for the release of liability from the original borrower, the Servicer shall permit such assumption if so required in accordance with the terms of the Mortgage or the Mortgage Note.”
22. The Flow Servicing Agreement is modified by adding a new Subsection 11.26 which reads in its entirety as follows:
“Subsection 11.26 Compliance with REMIC Provisions.
If a REMIC election has been made with respect to the arrangement under which the Mortgage Loans and REO Property are held, the Servicer shall not take any action, cause the REMIC to take any action or fail to take (or fail to cause to be taken) any action that, under the REMIC Provisions, if taken or not taken, as the case may be, could (i) endanger the status of the REMIC as a REMIC or (ii) 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 and the tax on “contribution” to a REMIC set forth in Section 860G(d) of the Code unless the Servicer has received an Opinion of Counsel (at the expense of the party seeking to take such actions) to the effect that the contemplated action will not endanger such REMIC status or result in the imposition of any such tax.”
23. The Flow Servicing Agreement is modified by adding a new subsection 11.27 which reads in its entirety as follows:
“Subsection 11.27 MERS Event.
The Servicer shall prepare and submit an assignment to remove from the MERS System each MERS Mortgage Loan that is subject to a MERS Event within 15 Business Days of the occurrence of such MERS Event. The Servicer shall notify the Master Servicer and Trustee upon the removal of a MERS Mortgage Loan from the MERS System.”
24. The first sentence of Subsection 12.01(b) is revised to read in its entirety as follows:
The Servicer shall promptly notify the Owner if a claim is made by a third party with respect to this Agreement or the Mortgage Loans, and the Servicer shall assume the defense of any such claim and pay all expenses in connection therewith, including counsel fees.
25. Subsection 12.04 is revised to read in its entirety as follows:
“Subsection 12.04 Servicer Not to Resign.
The Servicer shall not assign this Agreement or resign from the obligations and duties hereby imposed on it except by mutual consent of the Servicer and the Owner or upon the determination that the Servicer’s duties hereunder are no longer permissible under applicable law and such incapacity cannot be cured by the Servicer. No such resignation of or assignment by the Servicer shall become effective until a successor has assumed the Servicer’s responsibilities and obligations hereunder in accordance with Subsection 14.02.”
26. Broker’s Price Opinion. If, in accordance with the Pooling and Servicing Agreement, the Trustee has received notice that any governmental entity intends to acquire a Mortgage Loan through the exercise of its power of eminent domain, and if there is no longer a Controlling Holder, the Servicer, promptly upon the request and at the expense of the Trustee, shall obtain a valuation on the related Mortgaged Property in the form of a broker’s price opinion, and provide the results of such valuation to the Trustee.
EXHIBIT 4
FORM OF MONTHLY LOSS REPORT
Exhibit : 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.
(a)
(b) 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. |
(c) | 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 ( ). |
Exhibit 3A: Calculation of Realized Loss/Gain Form 332
Prepared by: __________________ Date: _______________
Phone: ______________________ Email Address:_____________________
Servicer Loan No.
|
Servicer Name
|
Servicer Address
|
WELLS FARGO BANK, N.A. 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 |
EXHIBIT 5
FORM OF DELINQUENCY REPORTING
Exhibit : Standard File Layout – Delinquency Reporting
*The column/header names in bold are the minimum fields Wells 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; |
Column/Header Name | Description | Decimal | Format Comment |
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 |
Column/Header Name | Description | Decimal | Format Comment |
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 ($) |
Column/Header Name | Description | Decimal | Format Comment | |
FHA_PART_B_CLAIM_PAID_DATE | Date HUD Disbursed Part B Claim Payment | MM/DD/YYYY | ||
FHA_PART_B_CLAIM_PAID_AMT | Amount HUD Paid on Part B Claim | 2 | No commas(,) or dollar signs ($) | |
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: Wells 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 Wells 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 |
Exhibit 2: 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 mortgagor’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 |
Exhibit 2: 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 |
EXECUTION COPY
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Page
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Definitions
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1
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SECTION 2.
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Purchase and Conveyance
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16
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SECTION 3.
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Mortgage Loan Schedule
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16
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SECTION 4.
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Purchase Price
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17
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SECTION 5.
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Examination of Mortgage Files
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17
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SECTION 6.
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Delivery of Mortgage Loan Documents
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17
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Subsection 6.01
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Possession of Mortgage Files
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17
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Subsection 6.02
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Books and Records
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18
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Subsection 6.03
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Delivery of Mortgage Loan Documents
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18
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Subsection 6.04
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RESPA Notice and Helping Families Notice
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19
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SECTION 7.
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Representations, Warranties and Covenants; Remedies for Breach
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19
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Subsection 7.01
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Representations and Warranties Regarding Individual Mortgage Loans
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19 |
Subsection 7.02
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Seller Representations and Covenants
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30
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Subsection 7.03
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Repurchase; Substitution
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32
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Subsection 7.04
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Repurchase of Mortgage Loans With Early Payment Default
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35
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Subsection 7.05
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Purchase Price Protection
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36
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SECTION 8.
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Closing
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36
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Subsection 8.01
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Closing Conditions
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36
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Subsection 8.02
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Closing Documents
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37
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SECTION 9.
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[Reserved.]
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37
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SECTION 10.
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Costs
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37
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SECTION 11.
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Interim Servicing; Servicing Transfer
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38
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Subsection 11.01
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Temporary Servicing of Mortgage Loans
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38
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Subsection 11.02
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Direction by Purchaser During Interim Servicing Period
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40
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Subsection 11.03
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Collection of Mortgage Loan Payments
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40
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Subsection 11.04
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Establishment of Custodial Account; Deposits in Custodial Account
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40 |
Subsection 11.05
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Withdrawals From the Custodial Account
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42
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Subsection 11.06
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Establishment of Escrow Account; Deposits in Escrow Account
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43
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Subsection 11.07
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Withdrawals From Escrow Account
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43
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Page
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Subsection 11.08
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Payment of Taxes, Insurance and Other Charges; Collections Thereunder
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44 |
Subsection 11.09
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Transfer of Accounts
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44
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Subsection 11.10
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Maintenance of Hazard Insurance
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44
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Subsection 11.11
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Maintenance of Primary Mortgage Insurance Policy; Claims
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45
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Subsection 11.12
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Fidelity Bond; Errors and Omissions Insurance
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46
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Subsection 11.13
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Title, Management and Disposition of REO Property
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46
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Subsection 11.14
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Servicing Compensation
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47
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Subsection 11.15
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Distributions
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47
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Subsection 11.16
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Statements to the Purchaser
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48
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Subsection 11.17
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[Reserved]
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49
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Subsection 11.18
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Assumption Agreements
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49
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Subsection 11.19
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Satisfaction of Mortgages and Release of Mortgage Files
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49
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Subsection 11.20
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Seller Shall Provide Access and Information as Reasonably Required
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50
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Subsection 11.21
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Inspections
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50
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Subsection 11.22
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Restoration of Mortgaged Property
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51
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Subsection 11.23
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Fair Credit Reporting Act
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51
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Subsection 11.24
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Transfer of Servicing to Purchaser
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51
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Subsection 11.25
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Payments Received
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51
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SECTION 12.
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The Seller
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52
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Subsection 12.01
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Indemnification; Third Party Claims
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52
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Subsection 12.02
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Merger or Consolidation of the Seller
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52
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Subsection 12.03
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Limitation on Liability of the Seller and Others
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52
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SECTION 13.
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Default
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53
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Subsection 13.01
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Events of Default
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53
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Subsection 13.02
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Waiver of Default.
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54
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SECTION 14.
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Termination
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55
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Subsection 14.01
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Termination
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55
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Subsection 14.02
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Successors to the Seller as Interim Servicer
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55
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Subsection 14.03
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Termination of Interim Servicing by Purchaser.
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56
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SECTION 15.
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Notices
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56
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Page
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SECTION 16.
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Severability Clause
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57
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SECTION 17.
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No Partnership
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57
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SECTION 18.
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Counterparts
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58
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SECTION 19.
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Governing Law; Choice of Forum; Waiver of Jury Trial
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58
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SECTION 20.
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Intention of the Parties
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59
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SECTION 21.
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Waivers
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59
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SECTION 22.
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Exhibits
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59
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SECTION 23.
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General Interpretive Principles
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59
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SECTION 24.
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Reproduction of Documents
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60
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SECTION 25.
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Amendment
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60
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SECTION 26.
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Confidentiality
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60
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SECTION 27.
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Entire Agreement
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61
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SECTION 28.
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Further Agreements
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61
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SECTION 29.
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Successors and Assigns
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61
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SECTION 30.
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Non-Solicitation
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61
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SECTION 31.
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Protection of Consumer Information
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62
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SECTION 32.
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Cooperation of the Seller with a Reconstitution; Regulation AB Compliance
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62
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EXHIBIT 1
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MORTGAGE LOAN DOCUMENTS
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EXHIBIT 2
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CONTENTS OF EACH MORTGAGE FILE
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EXHIBIT 3
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UNDERWRITING GUIDELINES
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EXHIBIT 4
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[RESERVED]
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EXHIBIT 5
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FORM OF MONTHLY REMITTANCE REPORT
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EXHIBIT 6
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FORM OF PPTL
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EXHIBIT 7
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[RESERVED]
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EXHIBIT 8
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FORM OF NOTICE OF SALE OF OWNERSHIP OF MORTGAGE LOAN
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EXHIBIT 9
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MORTGAGE LOAN SCHEDULE
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EXHIBIT 10
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TRANSFER INSTRUCTIONS
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ADDENDUM I
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REGULATION AB COMPLIANCE ADDENDUM
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Redwood Residential Acquisition Corporation,
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as Purchaser
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By:
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/s/ John Isbrandtsen
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Name: |
John Isbrandtsen
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Title: |
Authorized Officer
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PrimeLending, a PlainsCapital Company,
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as Seller
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By:
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/s/ Scott Eggen |
Name: |
Scott Eggen
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Title: |
the original Mortgage Note together with any applicable riders, endorsed in blank, with all prior and intervening endorsements as may be necessary to show a complete chain of endorsements;
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(ii)
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the original security agreement;
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(iii)
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the original lease on a co-op unit evidencing the possessory interest of the owner of the Co-op Shares in such co-op unit (the “Proprietary Lease”) and an original assignment of the Proprietary Lease in blank;
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(iv)
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the original recognition agreement;
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(v)
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the original stock certificate representing the shares of stock issued by a co-op corporation and allocated to a co-op unit (the “Co-op Shares”) and original stock power in blank;
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(vi)
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the original UCC-1 financing statement with evidence of filing; and
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(vii)
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the original UCC-3 assignment in blank.
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Servicer:
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Stated Principal Balance:
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$_______________________
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Closing Date:
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_______________________
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Servicing Transfer Date:
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_______________________
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Cut-off Date:
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_______________________
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Purchase Price Percentage:
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________%
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Redwood Residential Acquisition
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PrimeLending, a PlainsCapital Company
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Corporation |
as Seller
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as Purchaser
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By:
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By:
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Name:
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Name:
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Its:
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Its:
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LOAN INFORMATION
Date of Loan:
Original Amount of Loan:
Date Your Loan was Sold to the New Creditor:
Address of Mortgaged Property:
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SERVICER INFORMATION
Name:
Mailing Address:
Telephone Number (Toll free):
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NEW CREDITOR INFORMATION
Name:
Mailing Address: (not for payments):
Telephone Number (Toll free):
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AGENT INFORMATION (If we have granted an agent other than the servicer authority to act on our behalf, contact information for such agent will appear below):
Name:
Mailing Address:
Telephone Number (Toll free):
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The transfer of the lien associated with your loan is currently recorded, or in the future may be recorded, in the public records of the local County Recorder’s office for the county where your property is located. If checked ¨, ownership of your loan is also recorded on the registry of the Mortgage Electronic Registrations System at 1818 Library Street, Suite 300, Reston, VA 20190.
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[Confirm if applicable] Your loan has been securitized and we own legal title to your loan acting as trustee of the related securitization trust (the “Trust”) for the benefit of the holders (the “Holders”) of the mortgage-backed securities issued by the Trust. Our rights and obligations, as trustee, are defined in one or more contracts among us, the Holders and certain other parties. As a result, our authority to respond favorably to your requests or inquiries may be limited by the terms of such contracts.
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EXHIBIT 10.11
EXECUTION COPY
ASSIGNMENT OF REPRESENTATIONS AND WARRANTIES AGREEMENT
This is an Assignment of Representations and Warranties Agreement (the “Agreement”) made as of the 21st day of September, 2012, among Redwood Residential Acquisition Corporation, a Delaware corporation (“Assignor”), Sequoia Residential Funding, Inc., a Delaware corporation (“Depositor”), Christiana Trust, a division of Wilmington Savings Fund Society, FSB, a federal savings bank, not in its individual capacity but solely as trustee (in such capacity, the “Trustee” or the “Assignee”) under a Pooling and Servicing Agreement dated as of September 1, 2012 (the “Pooling and Servicing Agreement”), and PrimeLending, a PlainsCapital Company, a Texas corporation (“PrimeLending”).
In consideration of the mutual promises contained herein, the parties hereto agree that the mortgage loans (the “Mortgage Loans”) listed on Attachment 1 annexed hereto (the “Mortgage Loan Schedule”) are subject to the terms of the Flow Mortgage Loan Purchase and Sale Agreement dated as of January 30, 2011, between Assignor and PrimeLending (the “Purchase Agreement”) as modified or supplemented by this Agreement. Unless otherwise specified herein, capitalized terms used herein but not defined shall have the meanings ascribed to them in the Purchase Agreement. Assignor will sell the Mortgage Loans to Depositor pursuant to a Mortgage Loan Purchase and Sale Agreement dated the date hereof, and Depositor will sell the Mortgage Loans to Assignee pursuant to the Pooling and Servicing Agreement.
Assignment
1. Assignor hereby grants, transfers and assigns to Depositor all of its right, title and interest in, to and under the representations and warranties made by PrimeLending pursuant to the Purchase Agreement to the extent relating to the Mortgage Loans, and Depositor hereby accepts such assignment from Assignor.
2. Depositor hereby grants, transfers and assigns to Assignee all of its right, title and interest in, to and under the representations and warranties made by PrimeLending pursuant to the Purchase Agreement to the extent relating to the Mortgage Loans, Depositor is released from all obligations under the Purchase Agreement, and Assignee hereby accepts such assignment from Depositor.
3. PrimeLending hereby acknowledges the foregoing assignments.
Representations and Warranties
4. Assignor warrants and represents to, and covenants with, Depositor, Assignee and PrimeLending as of the date hereof that:
(a) Attached hereto as Attachment 2 is a true and accurate copy of the Purchase Agreement, which agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder;
(b) Assignor is the lawful owner of its interests and rights under the Purchase Agreement to the extent of the Mortgage Loans, free and clear from any and all claims and encumbrances whatsoever, and upon the transfer of the representations and warranties to Assignee as contemplated herein, Assignee shall have good title to such representations and warranties under the Purchase Agreement to the extent of the Mortgage Loans, free and clear of all liens, claims and encumbrances;
(c) There are no offsets, counterclaims or other defenses available to PrimeLending with respect to the Purchase Agreement;
(d) Assignor is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has all requisite power and authority to enter into and perform its obligations under the Purchase Agreement;
(e) Assignor has full corporate power and authority to execute, deliver and perform its obligations under this Agreement, and to consummate the transactions set forth herein. The consummation of the transactions contemplated by this Agreement is in the ordinary course of Assignor’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of Assignor’s charter or by-laws or any legal restriction, or any material agreement or instrument to which Assignor is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which Assignor or its property is subject. The execution, delivery and performance by Assignor of this Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on the part of Assignor. This Agreement has been duly executed and delivered by Assignor and, upon the due authorization, execution and delivery by Assignee, will constitute the valid and legally binding obligation of Assignor enforceable against Assignor in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law; and
(f) No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by Assignor in connection with the execution, delivery or performance by Assignor of this Agreement, or the consummation by it of the transactions contemplated hereby.
5. Depositor warrants and represents to, and covenants with, Assignor, Assignee and PrimeLending that as of the date hereof:
(a) Depositor is a Delaware corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation;
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(b) Depositor has full corporate power and authority to execute, deliver and perform its obligations under this Agreement, and to consummate the transactions set forth herein. The consummation of the transactions contemplated by this Agreement is in the ordinary course of Depositor’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of Depositor’s charter or by-laws or any legal restriction, or any material agreement or instrument to which Depositor is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which Depositor or its property is subject. The execution, delivery and performance by Depositor of this Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on part of Depositor. This Agreement has been duly executed and delivered by Depositor and, upon the due authorization, execution and delivery by the other parties hereto, will constitute the valid and legally binding obligation of Depositor enforceable against Depositor in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law; and
(c) No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by Depositor in connection with the execution, delivery or performance by Depositor of this Agreement, or the consummation by it of the transactions contemplated hereby other than any that have been obtained or made.
6. Assignee warrants and represents to, and covenants with, Assignor, Depositor and PrimeLending that as of the date hereof:
(a) Assignee is a federal savings bank duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization; and
(b) Assignee has been directed to enter into this Agreement pursuant to the provisions of the Pooling and Servicing Agreement. The execution, delivery and performance by Assignee of this Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary action on part of Assignee. This Agreement has been duly executed and delivered by Assignee and, upon the due authorization, execution and delivery by the other parties hereto, will constitute the valid and legally binding obligation of Assignee enforceable against Assignee in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law.
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7. PrimeLending warrants and represents to, and covenants with, Assignor, Depositor and Assignee as of the date hereof that:
(a) Attached hereto as Attachment 2 is a true and accurate copy of the Purchase Agreement, which agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder;
(b) PrimeLending is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has all requisite power and authority to perform its obligations under the Purchase Agreement;
(c) PrimeLending has full corporate power and authority to execute, deliver and perform its obligations under this Agreement, and to consummate the transactions set forth herein. The consummation of the transactions contemplated by this Agreement is in the ordinary course of PrimeLending’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of PrimeLending’s charter or by-laws or any legal restriction, or any material agreement or instrument to which PrimeLending is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which PrimeLending or its property is subject. The execution, delivery and performance by PrimeLending of this Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on part of PrimeLending. This Agreement has been duly executed and delivered by PrimeLending and, upon the due authorization, execution and delivery by Assignor, Assignee and the Depositor, will constitute the valid and legally binding obligation of PrimeLending enforceable against PrimeLending in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law; and
(d) No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by PrimeLending in connection with the execution, delivery or performance by PrimeLending of this Agreement, or the consummation by it of the transactions contemplated hereby.
Restated PrimeLending Representations and Warranties
8. Pursuant to Section 32(d) of the Purchase Agreement, PrimeLending hereby restates to Depositor and Assignee (a) the representations and warranties set forth in Subsection 7.01 of the Purchase Agreement as of the related Closing Date and (b) the representations and warranties set forth in Subsection 7.02 of the Purchase Agreement as of the date hereof, as if such representations and warranties were set forth herein in full.
4 |
In the event of a breach of any representations and warranties referred to in clauses (a) or (b) above as of the related Closing Date or the date hereof, as the case may be, Assignee shall be entitled to all the remedies under the Purchase Agreement, including, without limitation, the right to compel PrimeLending to repurchase Mortgage Loans pursuant to Section 7.03 of the Purchase Agreement, subject to the provisions of Section 10.
Recognition of Assignee
9. From and after the date hereof, subject to Section 10 below, PrimeLending shall recognize Assignee as owner of the Mortgage Loans and will perform its obligations hereunder for the benefit of the Assignee in accordance with the Purchase Agreement, as modified hereby or as may be amended from time to time, as if Assignee and PrimeLending had entered into a separate purchase agreement for the purchase of the Mortgage Loans in the form of the Purchase Agreement, the terms of which are incorporated herein by reference, as amended by this Agreement.
Enforcement of Rights
10. (a) Controlling Holder Rights. PrimeLending agrees and acknowledges that Sequoia Mortgage Funding Corporation, an Affiliate of the Depositor, in its capacity as the initial Controlling Holder pursuant to the Pooling and Servicing Agreement, and for so long as it is the Controlling Holder, will exercise all of Assignee's rights as Purchaser under the following section of the Purchase Agreement:
Purchase Agreement:
Section or Subsection | Matter | |
7.03, other than 7.03(c) | Repurchase and Substitution |
(b) If there is no Controlling Holder under the Pooling and Servicing Agreement, then all rights that are to be exercised by the Controlling Holder pursuant to Section 10(a) shall be exercised by Assignee.
Amendments to Purchase Agreement
11. The parties agree that the Purchase Agreement shall be amended, solely with respect to the Mortgage Loans, as follows:
5 |
(a) Definitions.
(i) The definitions of “Arbitration,” “Business Day” and “Repurchase Price” set forth in Section 1 of the Purchase Agreement shall be deleted and replaced in their entirety as follows:
Arbitration: Arbitration in accordance with the then governing Commercial Arbitration Rules of the American Arbitration Association and administered by the American Arbitration Association, which shall be conducted in New York, New York or other place mutually acceptable to the parties to the arbitration.
Business Day: Any day other than (i) a Saturday or a Sunday, (ii) a legal holiday in the states of California, Delaware, Maryland, Minnesota, Missouri, New York or Texas, (iii) a day on which banks in the states of California, Delaware, Maryland, Minnesota, Missouri, New York or Texas, are authorized or obligated by law or executive order to be closed or (iv) a day on which the New York Stock Exchange or the Federal Reserve Bank of New York is closed.
Repurchase Price: With respect to any Mortgage Loan, a price equal to (i) the unpaid principal balance of the Mortgage Loan, plus (ii) interest on such unpaid principal balance at the related Mortgage Interest Rate from the last date through which interest was last paid by or on behalf of the Mortgagor to the last day of the month in which such repurchase occurs, plus (iii) reasonable and customary third party expenses incurred in connection with the transfer of the Mortgage Loan being repurchased, minus (iv) any amounts received in respect of such repurchased Mortgage Loan and being held for future distribution in connection with such Mortgage Loan.
(b) The following sentence shall be added as the new third sentence of Subsection 7.03(a):
Each determination as to whether there has been such a breach shall be conducted on a Mortgage Loan-by-Mortgage Loan basis.
(c) The rights under the Purchase Agreement assigned to the Depositor and the Assignee pursuant to this Agreement shall be under the Purchase Agreement as amended by this Agreement.
Miscellaneous
12. All demands, notices and communications related to the Mortgage Loans, the Purchase Agreement and this Agreement shall be in writing and shall be deemed to have been duly given if personally delivered at or mailed by registered mail, postage prepaid, as follows:
6 |
(a) In the case of PrimeLending,
PrimeLending, a PlainsCapital Company
18111 Preston Road, Suite 900
Dallas, Texas 75252
Attention: Mr. Scott Eggen, SVP
Phone: 972-248-7866
with a copy to the General Counsel at the same address
(b) In the case of Assignee,
Christiana Trust, a division of Wilmington Savings Fund Society, FSB
500 Delaware Avenue, 11th Floor
Wilmington, Delaware, 19801
Attention: Corporate Trust
(c) In the case of Depositor,
Sequoia Residential Funding, Inc.
One Belvedere Place, Suite 360
Mill Valley, California 94941
Attention: William Moliski
with a copy to
General Counsel at the same address
(d) In the case of Assignor,
Redwood Residential Acquisition Corporation
One Belvedere Place, Suite 360
Mill Valley, California 94941
Attention: William Moliski
with a copy to
General Counsel at the same address
(e) In the case of Master Servicer,
Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, Maryland 21045)
Telephone number: (410) 884-2000
Facsimile number: (410) 715-2380
Attention: Client Manager — Sequoia Mortgage Trust 2012-4
7 |
(f) In the case of the initial Controlling Holder,
Sequoia Mortgage Funding Corporation
One Belvedere Place, Suite 360
Mill Valley, California 94941
Attention: William Moliski
with a copy to
General Counsel at the same address
13. This Agreement shall be construed in accordance with the laws of the State of New York, except to the extent preempted by Federal law, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws, without regard to the conflicts of laws provisions of the State of New York or any other jurisdiction.
14. 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.
15. This Agreement shall inure to the benefit of the successors and assigns of the parties hereto. Any entity into which Assignor, Depositor, Assignee or PrimeLending may be merged or consolidated shall, without the requirement for any further writing, be deemed Assignor, Depositor, Assignee or PrimeLending, respectively, hereunder.
16. This Agreement shall survive the conveyance of the Mortgage Loans, the assignment of the representations and warranties made by PrimeLending pursuant to the Purchase Agreement to the extent of the Mortgage Loans by Assignor to Depositor and by Depositor to Assignee, and the termination of the Purchase Agreement.
17. This Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original, and all such counterparts shall constitute one and the same instrument.
18. The Controlling Holder under the Pooling and Servicing Agreement is an express third party beneficiary of this Agreement, and shall have the same power and ability to exercise and enforce the rights stated to be provided to it hereunder as if it were a signatory hereto. PrimeLending hereby consents to such exercise and enforcement.
8 |
19. It is expressly understood and agreed by the parties hereto that insofar as this Agreement is executed by the Trustee (i) this Agreement is executed and delivered by Christiana Trust, a division of Wilmington Savings Fund Society, FSB (“Christiana Trust”) not in its individual capacity but solely as Trustee on behalf of the trust created by the Pooling and Servicing Agreement referred to herein (the “Trust”) in the exercise of the powers and authority conferred upon and vested in it, and as directed in the Pooling and Servicing Agreement, (ii) each of the undertakings and agreements herein made on behalf of the Trust is made and intended not as a personal undertaking or agreement of or by Christiana Trust but is made and intended for purposes of binding only the Trust, (iii) nothing herein contained shall be construed as creating any liability on the part of Christiana Trust, individually or personally, to perform any covenant either express or implied in this Agreement, all such liability, if any, being expressly waived by the parties hereto and by any person claiming by, through or under the parties hereto, and (iv) under no circumstances shall Christiana Trust in its individual capacity or in its capacity as Trustee be personally liable for the payment of any indebtedness, amounts or expenses owed by the Assignor under the Purchase Agreement, as modified or supplemented by this Agreement (such indebtedness, expenses and other amounts being payable solely from and to the extent of funds of the Trust) or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made under this Agreement or any other related documents.
20. Master Servicer. PrimeLending hereby acknowledges that the Assignee has appointed Wells Fargo Bank, N.A. to act as master servicer and securities administrator under the Pooling and Servicing Agreement and hereby agrees to treat all inquiries, demands, instructions, authorizations and other communications from the Master Servicer as if the same had been received from the Assignee. The Master Servicer, acting on behalf of the Assignee, shall have the rights of the Assignee as the Purchaser under this Agreement, including, without limitation, the right to enforce the obligations of PrimeLending hereunder and under the Purchase Agreement and the right to exercise the remedies of the Purchaser hereunder and under the Purchase Agreement.
PrimeLending shall make all remittances due by it to the Purchaser with respect to the Mortgage Loans to the following account by wire transfer of immediately available funds:
Wells Fargo Bank, N.A.
San Francisco, California
ABA# 121-000-248
Account #3970771416
Account Name: SAS Clearing
FFC: Account #48174300, Sequoia Mortgage Trust 2012-4 Distribution Account
21. PrimeLending acknowledges that the custodian will be Wells Fargo Bank, N.A. acting pursuant to the Custodial Agreement. Notwithstanding Section 10 of the Purchase Agreement, PrimeLending shall pay shipping expenses for any Mortgage Loan Documents if there has been a breach of any representation or warranty made with respect to the related Mortgage Loan in Subsection 7.01 of the Purchase Agreement.
9 |
22. Rule 17g-5 Compliance. PrimeLending hereby agrees that it shall provide information with respect to the Mortgage Loans or the origination thereof to any Rating Agency or nationally recognized statistical rating organization (“NRSRO”) via electronic mail at rmbs17g5informationprovider@wellsfargo.com, with a subject reference of “SEMT 2012-4” and an identification of the type of information being provided in the body of such electronic mail. The Securities Administrator, as the initial Rule 17g-5 Information Provider (the “Rule 17g-5 Information Provider”) shall notify PrimeLending in writing of any change in the identity or contact information of the Rule 17g-5 Information Provider. PrimeLending shall have no liability for (i) the Rule 17g-5 Information Provider’s failure to post information provided by it in accordance with the terms of this Agreement or (ii) any malfunction or disabling of the website maintained by the Rule 17g-5 Information Provider. None of the foregoing restrictions in this Section 22 prohibit or restrict oral or written communications, or providing information, between PrimeLending, on the one hand, and any Rating Agency or NRSRO, on the other hand, with regard to (i) such Rating Agency’s or NRSRO’s review of the ratings it assigns to PrimeLending or (ii) such Rating Agency’s or NRSRO’s evaluation of PrimeLending’s operations in general; provided, however, that PrimeLending shall not provide any information relating to the Mortgage Loans to such Rating Agency or NRSRO in connection with such review and evaluation by such Rating Agency or NRSRO unless: (x) borrower, property or deal specific identifiers are redacted; or (y) such information has already been provided to the Rule 17g-5 Information Provider.
10 |
IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day and year first above written.
REDWOOD RESIDENTIAL ACQUISITION CORPORATION | ||
Assignor | ||
By: | ||
Name: | ||
Title: | ||
SEQUOIA RESIDENTIAL FUNDING, INC. | ||
Depositor | ||
By: | ||
Name: | ||
Title: | ||
Christiana Trust, a division of Wilmington Savings Fund Society, FSB, not in its individual capacity but solely as Trustee, | ||
Assignee | ||
By: | ||
Name: | ||
Title: | ||
PRIMELENDING, A PLAINSCAPITAL COMPANY | ||
By: | ||
Name: | ||
Title: |
Accepted and agreed to by: | ||
WELLS FARGO BANK, N.A. | ||
Master Servicer | ||
By: | ||
Name: | ||
Title: |
Signature Page – Assignment of Representations and Warranties – PrimeLending (SEMT 2012-4)
ATTACHMENT 1
MORTGAGE LOAN SCHEDULE
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | |
Primary Servicer | Servicing Fee % | Servicing Fee—Flatdollar | Servicing Advance Methodology | Originator | Originator | Loan Group | Loan Number | Amortization Type | Lien Position | |
1 | 1000383 | 0.002500 | 1000536 | Prime Lending | 2001709489 | 1 | 1 | |||
2 | 1000383 | 0.002500 | 1000536 | Prime Lending | 2027602294 | 1 | 1 | |||
3 | 1000383 | 0.002500 | 1000536 | Prime Lending | 2036607224 | 1 | 1 | |||
4 | 1000383 | 0.002500 | 1000536 | Prime Lending | 2036608279 | 1 | 1 | |||
5 | 1000383 | 0.002500 | 1000536 | Prime Lending | 2044602679 | 1 | 1 | |||
6 | 1000383 | 0.002500 | 1000536 | Prime Lending | 2047601670 | 1 | 1 | |||
7 | 1000383 | 0.002500 | 1000536 | Prime Lending | 2073604580 | 1 | 1 | |||
8 | 1000383 | 0.002500 | 1000536 | Prime Lending | 2076600957 | 1 | 1 | |||
9 | 1000383 | 0.002500 | 1000536 | Prime Lending | 2108600803 | 1 | 1 | |||
10 | 1000383 | 0.002500 | 1000536 | Prime Lending | 2117602557 | 1 | 1 | |||
11 | 1000383 | 0.002500 | 1000536 | Prime Lending | 2117602725 | 1 | 1 | |||
12 | 1000383 | 0.002500 | 1000536 | Prime Lending | 2133601491 | 1 | 1 | |||
13 | 1000383 | 0.002500 | 1000536 | Prime Lending | 2136601595 | 1 | 1 | |||
14 | 1000383 | 0.002500 | 1000536 | Prime Lending | 2153601840 | 1 | 1 | |||
15 | 1000383 | 0.002500 | 1000536 | Prime Lending | 2156601329 | 1 | 1 | |||
16 | 1000383 | 0.002500 | 1000536 | Prime Lending | 2204600527 | 1 | 1 | |||
17 | 1000383 | 0.002500 | 1000536 | Prime Lending | 2244701865 | 1 | 1 | |||
18 | 1000383 | 0.002500 | 1000536 | Prime Lending | 2251600072 | 1 | 1 | |||
19 | 1000383 | 0.002500 | 1000536 | Prime Lending | 2278600285 | 1 | 1 | |||
20 | 1000383 | 0.002500 | 1000536 | Prime Lending | 2333600186 | 1 | 1 | |||
21 | 1000383 | 0.002500 | 1000536 | Prime Lending | 2333600195 | 1 | 1 | |||
22 | 1000383 | 0.002500 | 1000536 | Prime Lending | 2333600201 | 1 | 1 | |||
23 | 1000383 | 0.002500 | 1000536 | Prime Lending | 2333600242 | 1 | 1 | |||
24 | 1000383 | 0.002500 | 1000536 | Prime Lending | 3092606400 | 1 | 1 | |||
25 | 1000383 | 0.002500 | 1000536 | Prime Lending | 3726601091 | 1 | 1 | |||
26 | 1000383 | 0.002500 | 1000536 | Prime Lending | 6007600139 | 1 | 1 | |||
27 | 1000383 | 0.002500 | 1000536 | Prime Lending | 6026600079 | 1 | 1 | |||
28 | 1000383 | 0.002500 | 1000536 | Prime Lending | 6027600040 | 1 | 1 | |||
29 | 1000383 | 0.002500 | 1000536 | Prime Lending | 7102600184 | 1 | 1 | |||
30 | 1000383 | 0.002500 | 1000536 | Prime Lending | 10831100009 | 1 | 1 | |||
31 | 1000383 | 0.002500 | 1000536 | Prime Lending | 20011100639 | 1 | 1 | |||
32 | 1000383 | 0.002500 | 1000536 | Prime Lending | 20011101013 | 1 | 1 | |||
33 | 1000383 | 0.002500 | 1000536 | Prime Lending | 20011101134 | 1 | 1 | |||
34 | 1000383 | 0.002500 | 1000536 | Prime Lending | 20031100120 | 1 | 1 | |||
35 | 1000383 | 0.002500 | 1000536 | Prime Lending | 20171100725 | 1 | 1 | |||
36 | 1000383 | 0.002500 | 1000536 | Prime Lending | 20271100008 | 1 | 1 | |||
37 | 1000383 | 0.002500 | 1000536 | Prime Lending | 20361100034 | 1 | 1 | |||
38 | 1000383 | 0.002500 | 1000536 | Prime Lending | 20391100134 | 1 | 1 | |||
39 | 1000383 | 0.002500 | 1000536 | Prime Lending | 20631101987 | 1 | 1 | |||
40 | 1000383 | 0.002500 | 1000536 | Prime Lending | 20631102057 | 1 | 1 | |||
41 | 1000383 | 0.002500 | 1000536 | Prime Lending | 20631102242 | 1 | 1 | |||
42 | 1000383 | 0.002500 | 1000536 | Prime Lending | 20631102391 | 1 | 1 | |||
43 | 1000383 | 0.002500 | 1000536 | Prime Lending | 20731100233 | 1 | 1 | |||
44 | 1000383 | 0.002500 | 1000536 | Prime Lending | 20731100288 | 1 | 1 | |||
45 | 1000383 | 0.002500 | 1000536 | Prime Lending | 20881100256 | 1 | 1 | |||
46 | 1000383 | 0.002500 | 1000536 | Prime Lending | 20981100041 | 1 | 1 | |||
47 | 1000383 | 0.002500 | 1000536 | Prime Lending | 21051100385 | 1 | 1 | |||
48 | 1000383 | 0.002500 | 1000536 | Prime Lending | 21211100006 | 1 | 1 | |||
49 | 1000383 | 0.002500 | 1000536 | Prime Lending | 21351100456 | 1 | 1 | |||
50 | 1000383 | 0.002500 | 1000536 | Prime Lending | 21351100595 | 1 | 1 | |||
51 | 1000383 | 0.002500 | 1000536 | Prime Lending | 21391100375 | 1 | 1 | |||
52 | 1000383 | 0.002500 | 1000536 | Prime Lending | 21411100303 | 1 | 1 | |||
53 | 1000383 | 0.002500 | 1000536 | Prime Lending | 21501100093 | 1 | 1 | |||
54 | 1000383 | 0.002500 | 1000536 | Prime Lending | 21551100035 | 1 | 1 | |||
55 | 1000383 | 0.002500 | 1000536 | Prime Lending | 21931100027 | 1 | 1 | |||
56 | 1000383 | 0.002500 | 1000536 | Prime Lending | 22751100005 | 1 | 1 | |||
57 | 1000383 | 0.002500 | 1000536 | Prime Lending | 22831100243 | 1 | 1 | |||
58 | 1000383 | 0.002500 | 1000536 | Prime Lending | 22841100395 | 1 | 1 | |||
59 | 1000383 | 0.002500 | 1000536 | Prime Lending | 22901100323 | 1 | 1 | |||
60 | 1000383 | 0.002500 | 1000536 | Prime Lending | 23181100035 | 1 | 1 | |||
61 | 1000383 | 0.002500 | 1000536 | Prime Lending | 30521100646 | 1 | 1 | |||
62 | 1000383 | 0.002500 | 1000536 | Prime Lending | 30521100653 | 1 | 1 | |||
63 | 1000383 | 0.002500 | 1000536 | Prime Lending | 30521100654 | 1 | 1 | |||
64 | 1000383 | 0.002500 | 1000536 | Prime Lending | 36791100059 | 1 | 1 | |||
65 | 1000383 | 0.002500 | 1000536 | Prime Lending | 37221100445 | 1 | 1 | |||
66 | 1000383 | 0.002500 | 1000536 | Prime Lending | 37221100538 | 1 | 1 | |||
67 | 1000383 | 0.002500 | 1000536 | Prime Lending | 37261100195 | 1 | 1 | |||
68 | 1000383 | 0.002500 | 1000536 | Prime Lending | 2117602442 | 1 | 1 | |||
69 | 1000383 | 0.002500 | 1000536 | Prime Lending | 2117602852 | 1 | 1 | |||
70 | 1000383 | 0.002500 | 1000536 | Prime Lending | 22701100164 | 1 | 1 | |||
71 | 1000383 | 0.002500 | 1000536 | Prime Lending | 21771100291 | 1 | 1 |
11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | |
HELOC Indicator | Loan Purpose | Cash Out Amount | Total Origination and Discount Points | Covered/High Cost Loan Indicator | Relocation Loan Indicator | Broker Indicator | Channel | Escrow Indicator | Senior
Loan Amount(s) | |
1 | 0 | 9 | 1 | 0 | 0 | |||||
2 | 0 | 7 | 1 | 0 | 0 | |||||
3 | 0 | 9 | 1 | 4 | 0 | |||||
4 | 0 | 9 | 1 | 4 | 0 | |||||
5 | 0 | 7 | 1 | 4 | 0 | |||||
6 | 0 | 7 | 1 | 4 | 0 | |||||
7 | 0 | 7 | 1 | 4 | 0 | |||||
8 | 0 | 9 | 1 | 4 | 0 | |||||
9 | 0 | 7 | 1 | 4 | 0 | |||||
10 | 0 | 3 | 1 | 4 | 0 | |||||
11 | 0 | 3 | 1 | 4 | 0 | |||||
12 | 0 | 9 | 1 | 4 | 0 | |||||
13 | 0 | 9 | 1 | 4 | 0 | |||||
14 | 0 | 9 | 1 | 0 | 0 | |||||
15 | 0 | 9 | 1 | 4 | 0 | |||||
16 | 0 | 7 | 1 | 4 | 0 | |||||
17 | 0 | 9 | 1 | 0 | 0 | |||||
18 | 0 | 9 | 1 | 0 | 0 | |||||
19 | 0 | 9 | 1 | 0 | 0 | |||||
20 | 0 | 7 | 1 | 0 | 0 | |||||
21 | 0 | 7 | 1 | 0 | 0 | |||||
22 | 0 | 7 | 1 | 0 | 0 | |||||
23 | 0 | 7 | 1 | 4 | 0 | |||||
24 | 0 | 7 | 1 | 0 | 0 | |||||
25 | 0 | 9 | 1 | 0 | 0 | |||||
26 | 0 | 7 | 1 | 4 | 0 | |||||
27 | 0 | 9 | 1 | 0 | 0 | |||||
28 | 0 | 9 | 1 | 0 | 0 | |||||
29 | 0 | 7 | 1 | 4 | 0 | |||||
30 | 0 | 3 | 1 | 0 | 0 | |||||
31 | 0 | 7 | 1 | 0 | 0 | |||||
32 | 0 | 9 | 1 | 0 | 0 | |||||
33 | 0 | 9 | 1 | 0 | 0 | |||||
34 | 0 | 7 | 1 | 0 | 0 | |||||
35 | 0 | 9 | 1 | 0 | 0 | |||||
36 | 0 | 9 | 1 | 0 | 0 | |||||
37 | 0 | 7 | 1 | 4 | 0 | |||||
38 | 0 | 9 | 1 | 4 | 0 | |||||
39 | 0 | 9 | 1 | 4 | 0 | |||||
40 | 0 | 7 | 1 | 0 | 0 | |||||
41 | 0 | 7 | 1 | 4 | 0 | |||||
42 | 0 | 7 | 1 | 4 | 0 | |||||
43 | 0 | 9 | 1 | 4 | 0 | |||||
44 | 0 | 9 | 1 | 4 | 0 | |||||
45 | 0 | 7 | 1 | 0 | 0 | |||||
46 | 0 | 9 | 1 | 4 | 0 | |||||
47 | 0 | 3 | 1 | 4 | 0 | |||||
48 | 0 | 9 | 1 | 4 | 0 | |||||
49 | 0 | 9 | 1 | 0 | 0 | |||||
50 | 0 | 9 | 1 | 0 | 0 | |||||
51 | 0 | 9 | 1 | 4 | 0 | |||||
52 | 0 | 3 | 1 | 0 | 0 | |||||
53 | 0 | 7 | 1 | 4 | 0 | |||||
54 | 0 | 7 | 1 | 0 | 0 | |||||
55 | 0 | 9 | 1 | 4 | 0 | |||||
56 | 0 | 7 | 1 | 0 | 0 | |||||
57 | 0 | 7 | 1 | 0 | 0 | |||||
58 | 0 | 7 | 1 | 4 | 0 | |||||
59 | 0 | 7 | 1 | 4 | 0 | |||||
60 | 0 | 7 | 1 | 0 | 0 | |||||
61 | 0 | 7 | 1 | 4 | 0 | |||||
62 | 0 | 7 | 1 | 0 | 0 | |||||
63 | 0 | 7 | 1 | 0 | 0 | |||||
64 | 0 | 9 | 1 | 0 | 0 | |||||
65 | 0 | 7 | 1 | 0 | 0 | |||||
66 | 0 | 9 | 1 | 0 | 0 | |||||
67 | 0 | 9 | 1 | 0 | 0 | |||||
68 | 0 | 9 | 1 | 4 | 0 | |||||
69 | 0 | 9 | 1 | 4 | 0 | |||||
70 | 0 | 9 | 1 | 4 | 0 | |||||
71 | 0 | 3 | 1 | 0 | 0 |
21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | |
Loan
Type of Most Senior Lien |
Hybrid
Period of Most Senior Lien (in months) |
Neg
Am Limit of Most Senior Lien |
Junior
Mortgage Balance |
Origination
Date of Most Senior Lien |
Origination Date | Original
Loan Amount |
Original
Interest Rate |
Original Amortization Term |
Original
Term to Maturity | |
1 | 0.00 | 20120817 | 544400.00 | 0.042500 | 360 | 360 | ||||
2 | 0.00 | 20120710 | 617000.00 | 0.043750 | 360 | 360 | ||||
3 | 0.00 | 20120710 | 1550000.00 | 0.040000 | 360 | 360 | ||||
4 | 0.00 | 20120810 | 1063450.00 | 0.043750 | 360 | 360 | ||||
5 | 0.00 | 20120821 | 564000.00 | 0.045000 | 360 | 360 | ||||
6 | 0.00 | 20120801 | 549000.00 | 0.043750 | 360 | 360 | ||||
7 | 0.00 | 20120827 | 799950.00 | 0.045000 | 360 | 360 | ||||
8 | 0.00 | 20120718 | 775400.00 | 0.043750 | 360 | 360 | ||||
9 | 0.00 | 20120731 | 990000.00 | 0.042500 | 360 | 360 | ||||
10 | 0.00 | 20120822 | 625000.00 | 0.041250 | 360 | 360 | ||||
11 | 0.00 | 20120810 | 1065000.00 | 0.040000 | 360 | 360 | ||||
12 | 0.00 | 20120814 | 607500.00 | 0.042500 | 360 | 360 | ||||
13 | 0.00 | 20120824 | 961200.00 | 0.041250 | 360 | 360 | ||||
14 | 0.00 | 20120709 | 649150.00 | 0.042500 | 360 | 360 | ||||
15 | 0.00 | 20120806 | 857000.00 | 0.043750 | 360 | 360 | ||||
16 | 0.00 | 20120912 | 1500000.00 | 0.038750 | 360 | 360 | ||||
17 | 99000.00 | 20120824 | 791000.00 | 0.040000 | 360 | 360 | ||||
18 | 0.00 | 20120807 | 592000.00 | 0.045000 | 360 | 360 | ||||
19 | 0.00 | 20120329 | 1406400.00 | 0.045000 | 360 | 360 | ||||
20 | 0.00 | 20120801 | 756000.00 | 0.041250 | 360 | 360 | ||||
21 | 0.00 | 20120731 | 485000.00 | 0.038750 | 360 | 360 | ||||
22 | 0.00 | 20120730 | 920000.00 | 0.040000 | 360 | 360 | ||||
23 | 0.00 | 20120831 | 560000.00 | 0.036250 | 360 | 360 | ||||
24 | 0.00 | 20120930 | 700000.00 | 0.042500 | 360 | 360 | ||||
25 | 100000.00 | 20120730 | 782000.00 | 0.041250 | 360 | 360 | ||||
26 | 0.00 | 20120713 | 510000.00 | 0.042500 | 360 | 360 | ||||
27 | 0.00 | 20120720 | 929000.00 | 0.043750 | 360 | 360 | ||||
28 | 0.00 | 20120710 | 619000.00 | 0.042500 | 360 | 360 | ||||
29 | 0.00 | 20120801 | 1095250.00 | 0.043750 | 360 | 360 | ||||
30 | 0.00 | 20120709 | 593000.00 | 0.041250 | 360 | 360 | ||||
31 | 0.00 | 20120706 | 600000.00 | 0.041250 | 360 | 360 | ||||
32 | 0.00 | 20120808 | 1138000.00 | 0.043750 | 360 | 360 | ||||
33 | 0.00 | 20120824 | 523000.00 | 0.041250 | 360 | 360 | ||||
34 | 0.00 | 20120822 | 614000.00 | 0.042500 | 360 | 360 | ||||
35 | 0.00 | 20120719 | 702000.00 | 0.043750 | 360 | 360 | ||||
36 | 0.00 | 20120702 | 646650.00 | 0.041250 | 360 | 360 | ||||
37 | 0.00 | 20120705 | 810000.00 | 0.042500 | 360 | 360 | ||||
38 | 0.00 | 20120720 | 944300.00 | 0.038750 | 360 | 360 | ||||
39 | 0.00 | 20120810 | 543000.00 | 0.042500 | 360 | 360 | ||||
40 | 0.00 | 20120720 | 611200.00 | 0.040000 | 360 | 360 | ||||
41 | 0.00 | 20120814 | 532000.00 | 0.041250 | 360 | 360 | ||||
42 | 0.00 | 20120827 | 656250.00 | 0.041250 | 360 | 360 | ||||
43 | 0.00 | 20120822 | 600000.00 | 0.042500 | 360 | 360 | ||||
44 | 0.00 | 20120723 | 1541250.00 | 0.043750 | 360 | 360 | ||||
45 | 0.00 | 20120810 | 640000.00 | 0.042500 | 360 | 360 | ||||
46 | 0.00 | 20120730 | 536000.00 | 0.043750 | 360 | 360 | ||||
47 | 0.00 | 20120807 | 489000.00 | 0.040000 | 360 | 360 | ||||
48 | 0.00 | 20120815 | 710000.00 | 0.041250 | 360 | 360 | ||||
49 | 0.00 | 20120823 | 937500.00 | 0.043750 | 360 | 360 | ||||
50 | 0.00 | 20120813 | 915000.00 | 0.040000 | 360 | 360 | ||||
51 | 0.00 | 20120726 | 975000.00 | 0.040000 | 360 | 360 | ||||
52 | 0.00 | 20120718 | 495300.00 | 0.040000 | 360 | 360 | ||||
53 | 0.00 | 20120828 | 885000.00 | 0.038750 | 360 | 360 | ||||
54 | 0.00 | 20120719 | 760000.00 | 0.042500 | 360 | 360 | ||||
55 | 0.00 | 20120829 | 719000.00 | 0.043750 | 360 | 360 | ||||
56 | 0.00 | 20120809 | 850000.00 | 0.043750 | 360 | 360 | ||||
57 | 0.00 | 20120717 | 800000.00 | 0.042500 | 360 | 360 | ||||
58 | 0.00 | 20120723 | 700000.00 | 0.045000 | 360 | 360 | ||||
59 | 0.00 | 20120816 | 600000.00 | 0.040000 | 360 | 360 | ||||
60 | 0.00 | 20120703 | 675000.00 | 0.038750 | 360 | 360 | ||||
61 | 0.00 | 20120807 | 828000.00 | 0.040000 | 360 | 360 | ||||
62 | 0.00 | 20120813 | 872000.00 | 0.040000 | 360 | 360 | ||||
63 | 0.00 | 20120815 | 999000.00 | 0.040000 | 360 | 360 | ||||
64 | 0.00 | 20120814 | 459400.00 | 0.042500 | 360 | 360 | ||||
65 | 0.00 | 20120806 | 1000000.00 | 0.042500 | 360 | 360 | ||||
66 | 0.00 | 20120827 | 565850.00 | 0.042500 | 360 | 360 | ||||
67 | 0.00 | 20120816 | 598750.00 | 0.040000 | 360 | 360 | ||||
68 | 0.00 | 20120810 | 656250.00 | 0.045000 | 360 | 360 | ||||
69 | 0.00 | 20120829 | 990000.00 | 0.038750 | 360 | 360 | ||||
70 | 0.00 | 20120823 | 688000.00 | 0.041250 | 360 | 360 | ||||
71 | 0.00 | 20120711 | 984000.00 | 0.042500 | 360 | 360 |
31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | |
First
Payment Date of Loan |
Interest
Type Indicator |
Original
Interest Only Term |
Buy Down Period | HELOC Draw Period | Current
Loan Amount |
Current
Interest Rate |
Current
Payment Amount Due |
Interest
Paid Through Date |
Current
Payment Status | |
1 | 20121001 | 1 | 0 | 0 | 543649.96 | 0.042500 | 2678.12 | 20120901 | 0 | |
2 | 20120901 | 1 | 0 | 0 | 617000.00 | 0.043750 | 3080.59 | 20120901 | 0 | |
3 | 20120901 | 1 | 0 | 0 | 1547766.73 | 0.040000 | 7399.94 | 20120901 | 0 | |
4 | 20121001 | 1 | 0 | 0 | 1063450.00 | 0.043750 | 5309.65 | 20120901 | 0 | |
5 | 20121001 | 1 | 0 | 0 | 564000.00 | 0.045000 | 2857.71 | 20120901 | 0 | |
6 | 20121001 | 1 | 0 | 0 | 549000.00 | 0.043750 | 2741.08 | 20120901 | 0 | |
7 | 20121001 | 1 | 0 | 0 | 798896.58 | 0.045000 | 4053.23 | 20120901 | 0 | |
8 | 20120901 | 1 | 0 | 0 | 774355.52 | 0.043750 | 3871.46 | 20120901 | 0 | |
9 | 20120901 | 1 | 0 | 0 | 988636.05 | 0.042500 | 4870.20 | 20120901 | 0 | |
10 | 20121001 | 1 | 0 | 0 | 625000.00 | 0.041250 | 3029.06 | 20120901 | 0 | |
11 | 20121001 | 1 | 0 | 0 | 1065000.00 | 0.040000 | 5084.47 | 20120901 | 0 | |
12 | 20121001 | 1 | 0 | 0 | 607500.00 | 0.042500 | 2988.53 | 20120901 | 0 | |
13 | 20121001 | 1 | 0 | 0 | 959845.68 | 0.041250 | 4658.45 | 20120901 | 0 | |
14 | 20120901 | 1 | 0 | 0 | 648255.64 | 0.042500 | 3193.43 | 20120901 | 0 | |
15 | 20121001 | 1 | 0 | 0 | 857000.00 | 0.043750 | 4278.87 | 20120901 | 0 | |
16 | 20121101 | 1 | 0 | 0 | 1500000.00 | 0.038750 | 7053.56 | 20120901 | 0 | |
17 | 20121001 | 1 | 0 | 0 | 789860.32 | 0.040000 | 3776.35 | 20120901 | 0 | |
18 | 20121001 | 1 | 0 | 0 | 592000.00 | 0.045000 | 2999.58 | 20120901 | 0 | |
19 | 20120501 | 1 | 0 | 0 | 1398950.14 | 0.045000 | 7126.02 | 20120901 | 0 | |
20 | 20121001 | 1 | 0 | 0 | 756000.00 | 0.041250 | 3663.95 | 20120901 | 0 | |
21 | 20120901 | 1 | 0 | 0 | 484285.50 | 0.038750 | 2280.65 | 20120901 | 0 | |
22 | 20120901 | 1 | 0 | 0 | 918674.45 | 0.040000 | 4392.22 | 20120901 | 0 | |
23 | 20121001 | 1 | 0 | 0 | 559137.78 | 0.036250 | 2553.89 | 20120901 | 0 | |
24 | 20121001 | 1 | 0 | 0 | 699035.59 | 0.042500 | 3443.58 | 20120901 | 0 | |
25 | 20120901 | 1 | 0 | 0 | 779792.54 | 0.041250 | 3789.96 | 20120901 | 0 | |
26 | 20120901 | 1 | 0 | 0 | 509297.36 | 0.042500 | 2508.89 | 20120901 | 0 | |
27 | 20120901 | 1 | 0 | 0 | 927748.62 | 0.043750 | 4638.36 | 20120901 | 0 | |
28 | 20120901 | 1 | 0 | 0 | 618147.18 | 0.042500 | 3045.11 | 20120901 | 0 | |
29 | 20121001 | 1 | 0 | 0 | 1093774.68 | 0.043750 | 5468.42 | 20120901 | 0 | |
30 | 20120901 | 1 | 0 | 0 | 593000.00 | 0.041250 | 2873.97 | 20120901 | 0 | |
31 | 20120901 | 1 | 0 | 0 | 599154.60 | 0.041250 | 2907.90 | 20120901 | 0 | |
32 | 20121001 | 1 | 0 | 0 | 1138000.00 | 0.043750 | 5681.87 | 20120901 | 0 | |
33 | 20121001 | 1 | 0 | 0 | 522263.09 | 0.041250 | 2534.72 | 20120901 | 0 | |
34 | 20121001 | 1 | 0 | 0 | 614000.00 | 0.042500 | 3020.51 | 20120901 | 0 | |
35 | 20120901 | 1 | 0 | 0 | 702000.00 | 0.043750 | 3504.98 | 20120901 | 0 | |
36 | 20120801 | 1 | 0 | 0 | 644082.51 | 0.041250 | 3133.99 | 20120901 | 0 | |
37 | 20120901 | 1 | 0 | 0 | 808884.04 | 0.042500 | 3984.71 | 20120901 | 0 | |
38 | 20120901 | 1 | 0 | 0 | 942908.85 | 0.038750 | 4440.45 | 20120901 | 0 | |
39 | 20121001 | 1 | 0 | 0 | 542251.90 | 0.042500 | 2671.23 | 20120901 | 0 | |
40 | 20120901 | 1 | 0 | 0 | 610319.37 | 0.040000 | 2917.96 | 20120901 | 0 | |
41 | 20121001 | 1 | 0 | 0 | 532000.00 | 0.041250 | 2578.34 | 20120901 | 0 | |
42 | 20121001 | 1 | 0 | 0 | 655325.35 | 0.041250 | 3180.51 | 20120901 | 0 | |
43 | 20121001 | 1 | 0 | 0 | 599173.36 | 0.042500 | 2951.64 | 20120901 | 0 | |
44 | 20120901 | 1 | 0 | 0 | 1539173.91 | 0.043750 | 7695.23 | 20120901 | 0 | |
45 | 20121001 | 1 | 0 | 0 | 640000.00 | 0.042500 | 3148.42 | 20120901 | 0 | |
46 | 20120901 | 1 | 0 | 0 | 535278.00 | 0.043750 | 2676.17 | 20120901 | 0 | |
47 | 20121001 | 1 | 0 | 0 | 489000.00 | 0.040000 | 2334.56 | 20120901 | 0 | |
48 | 20121001 | 1 | 0 | 0 | 710000.00 | 0.041250 | 3441.01 | 20120901 | 0 | |
49 | 20121001 | 1 | 0 | 0 | 936237.17 | 0.043750 | 4680.80 | 20120901 | 0 | |
50 | 20121001 | 1 | 0 | 0 | 915000.00 | 0.040000 | 4368.35 | 20120901 | 0 | |
51 | 20120901 | 1 | 0 | 0 | 973595.20 | 0.040000 | 4654.80 | 20120901 | 0 | |
52 | 20120901 | 1 | 0 | 0 | 493870.34 | 0.040000 | 2364.64 | 20120901 | 0 | |
53 | 20121001 | 1 | 0 | 0 | 883696.21 | 0.038750 | 4161.60 | 20120901 | 0 | |
54 | 20120901 | 1 | 0 | 0 | 758952.93 | 0.042500 | 3738.74 | 20120901 | 0 | |
55 | 20121001 | 1 | 0 | 0 | 718031.49 | 0.043750 | 3589.86 | 20120901 | 0 | |
56 | 20121001 | 1 | 0 | 0 | 850000.00 | 0.043750 | 4243.92 | 20120901 | 0 | |
57 | 20120901 | 1 | 0 | 0 | 798833.33 | 0.042500 | 3935.52 | 20120901 | 0 | |
58 | 20120901 | 1 | 0 | 0 | 699078.20 | 0.045000 | 3546.80 | 20120901 | 0 | |
59 | 20121001 | 1 | 0 | 0 | 599135.51 | 0.040000 | 2864.49 | 20120901 | 0 | |
60 | 20120901 | 1 | 0 | 0 | 674005.59 | 0.038750 | 3174.10 | 20120901 | 0 | |
61 | 20121001 | 1 | 0 | 0 | 828000.00 | 0.040000 | 3953.00 | 20120901 | 0 | |
62 | 20121001 | 1 | 0 | 0 | 872000.00 | 0.040000 | 4163.06 | 20120901 | 0 | |
63 | 20121001 | 1 | 0 | 0 | 999000.00 | 0.040000 | 4769.38 | 20120901 | 0 | |
64 | 20121001 | 1 | 0 | 0 | 459400.00 | 0.042500 | 2259.97 | 20120901 | 0 | |
65 | 20121001 | 1 | 0 | 0 | 1000000.00 | 0.042500 | 4919.40 | 20120901 | 0 | |
66 | 20121001 | 1 | 0 | 0 | 565070.41 | 0.042500 | 2783.64 | 20120901 | 0 | |
67 | 20121001 | 1 | 0 | 0 | 598750.00 | 0.040000 | 2858.52 | 20120901 | 0 | |
68 | 20121001 | 1 | 0 | 0 | 656250.00 | 0.045000 | 3325.12 | 20120901 | 0 | |
69 | 20121001 | 1 | 0 | 0 | 990000.00 | 0.038750 | 4655.35 | 20120901 | 0 | |
70 | 20121001 | 1 | 0 | 0 | 687030.61 | 0.041250 | 3334.39 | 20120901 | 0 | |
71 | 20120901 | 1 | 0 | 0 | 984000.00 | 0.042500 | 4840.69 | 20120901 | 0 |
41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | |
Index Type | ARM
Look-back Days |
Gross Margin | ARM Round Flag | ARM Round Factor | Initial
Fixed Rate Period |
Initial
Interest Rate Cap (Change Up) |
Initial
Interest Rate Cap (Change Down) |
Subsequent
Interest Rate Reset Period |
Subsequent
Interest Rate Cap (Change Down) | |
1 | 0 | |||||||||
2 | 0 | |||||||||
3 | 0 | |||||||||
4 | 0 | |||||||||
5 | 0 | |||||||||
6 | 0 | |||||||||
7 | 0 | |||||||||
8 | 0 | |||||||||
9 | 0 | |||||||||
10 | 0 | |||||||||
11 | 0 | |||||||||
12 | 0 | |||||||||
13 | 0 | |||||||||
14 | 0 | |||||||||
15 | 0 | |||||||||
16 | 0 | |||||||||
17 | 0 | |||||||||
18 | 0 | |||||||||
19 | 0 | |||||||||
20 | 0 | |||||||||
21 | 0 | |||||||||
22 | 0 | |||||||||
23 | 0 | |||||||||
24 | 0 | |||||||||
25 | 0 | |||||||||
26 | 0 | |||||||||
27 | 0 | |||||||||
28 | 0 | |||||||||
29 | 0 | |||||||||
30 | 0 | |||||||||
31 | 0 | |||||||||
32 | 0 | |||||||||
33 | 0 | |||||||||
34 | 0 | |||||||||
35 | 0 | |||||||||
36 | 0 | |||||||||
37 | 0 | |||||||||
38 | 0 | |||||||||
39 | 0 | |||||||||
40 | 0 | |||||||||
41 | 0 | |||||||||
42 | 0 | |||||||||
43 | 0 | |||||||||
44 | 0 | |||||||||
45 | 0 | |||||||||
46 | 0 | |||||||||
47 | 0 | |||||||||
48 | 0 | |||||||||
49 | 0 | |||||||||
50 | 0 | |||||||||
51 | 0 | |||||||||
52 | 0 | |||||||||
53 | 0 | |||||||||
54 | 0 | |||||||||
55 | 0 | |||||||||
56 | 0 | |||||||||
57 | 0 | |||||||||
58 | 0 | |||||||||
59 | 0 | |||||||||
60 | 0 | |||||||||
61 | 0 | |||||||||
62 | 0 | |||||||||
63 | 0 | |||||||||
64 | 0 | |||||||||
65 | 0 | |||||||||
66 | 0 | |||||||||
67 | 0 | |||||||||
68 | 0 | |||||||||
69 | 0 | |||||||||
70 | 0 | |||||||||
71 | 0 |
51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | |
Subsequent
Interest Rate Cap (Change Up) |
Lifetime
Maximum Rate (Ceiling) |
Lifetime
Minimum Rate (Floor) |
Negative Amortization Limit |
Initial
Negative Amortization Recast Period |
Subsequent Negative Amortization Recast Period |
Initial
Fixed Payment Period |
Subsequent Payment Reset Period |
Initial
Periodic Payment Cap |
Subsequent Periodic Payment Cap | |
1 | ||||||||||
2 | ||||||||||
3 | ||||||||||
4 | ||||||||||
5 | ||||||||||
6 | ||||||||||
7 | ||||||||||
8 | ||||||||||
9 | ||||||||||
10 | ||||||||||
11 | ||||||||||
12 | ||||||||||
13 | ||||||||||
14 | ||||||||||
15 | ||||||||||
16 | ||||||||||
17 | ||||||||||
18 | ||||||||||
19 | ||||||||||
20 | ||||||||||
21 | ||||||||||
22 | ||||||||||
23 | ||||||||||
24 | ||||||||||
25 | ||||||||||
26 | ||||||||||
27 | ||||||||||
28 | ||||||||||
29 | ||||||||||
30 | ||||||||||
31 | ||||||||||
32 | ||||||||||
33 | ||||||||||
34 | ||||||||||
35 | ||||||||||
36 | ||||||||||
37 | ||||||||||
38 | ||||||||||
39 | ||||||||||
40 | ||||||||||
41 | ||||||||||
42 | ||||||||||
43 | ||||||||||
44 | ||||||||||
45 | ||||||||||
46 | ||||||||||
47 | ||||||||||
48 | ||||||||||
49 | ||||||||||
50 | ||||||||||
51 | ||||||||||
52 | ||||||||||
53 | ||||||||||
54 | ||||||||||
55 | ||||||||||
56 | ||||||||||
57 | ||||||||||
58 | ||||||||||
59 | ||||||||||
60 | ||||||||||
61 | ||||||||||
62 | ||||||||||
63 | ||||||||||
64 | ||||||||||
65 | ||||||||||
66 | ||||||||||
67 | ||||||||||
68 | ||||||||||
69 | ||||||||||
70 | ||||||||||
71 |
61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | |
Initial
Minimum Payment Reset Period |
Subsequent Minimum Payment Reset Period |
Option
ARM Indicator |
Options at Recast | Initial
Minimum Payment |
Current
Minimum Payment |
Prepayment
Penalty Calculation |
Prepayment
Penalty Type |
Prepayment
Penalty Total Term |
Prepayment
Penalty Hard Term | |
1 | 0 | |||||||||
2 | 0 | |||||||||
3 | 0 | |||||||||
4 | 0 | |||||||||
5 | 0 | |||||||||
6 | 0 | |||||||||
7 | 0 | |||||||||
8 | 0 | |||||||||
9 | 0 | |||||||||
10 | 0 | |||||||||
11 | 0 | |||||||||
12 | 0 | |||||||||
13 | 0 | |||||||||
14 | 0 | |||||||||
15 | 0 | |||||||||
16 | 0 | |||||||||
17 | 0 | |||||||||
18 | 0 | |||||||||
19 | 0 | |||||||||
20 | 0 | |||||||||
21 | 0 | |||||||||
22 | 0 | |||||||||
23 | 0 | |||||||||
24 | 0 | |||||||||
25 | 0 | |||||||||
26 | 0 | |||||||||
27 | 0 | |||||||||
28 | 0 | |||||||||
29 | 0 | |||||||||
30 | 0 | |||||||||
31 | 0 | |||||||||
32 | 0 | |||||||||
33 | 0 | |||||||||
34 | 0 | |||||||||
35 | 0 | |||||||||
36 | 0 | |||||||||
37 | 0 | |||||||||
38 | 0 | |||||||||
39 | 0 | |||||||||
40 | 0 | |||||||||
41 | 0 | |||||||||
42 | 0 | |||||||||
43 | 0 | |||||||||
44 | 0 | |||||||||
45 | 0 | |||||||||
46 | 0 | |||||||||
47 | 0 | |||||||||
48 | 0 | |||||||||
49 | 0 | |||||||||
50 | 0 | |||||||||
51 | 0 | |||||||||
52 | 0 | |||||||||
53 | 0 | |||||||||
54 | 0 | |||||||||
55 | 0 | |||||||||
56 | 0 | |||||||||
57 | 0 | |||||||||
58 | 0 | |||||||||
59 | 0 | |||||||||
60 | 0 | |||||||||
61 | 0 | |||||||||
62 | 0 | |||||||||
63 | 0 | |||||||||
64 | 0 | |||||||||
65 | 0 | |||||||||
66 | 0 | |||||||||
67 | 0 | |||||||||
68 | 0 | |||||||||
69 | 0 | |||||||||
70 | 0 | |||||||||
71 | 0 |
71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | |
Primary Borrower ID | Number
of Mortgaged Properties |
Total
Number of Borrowers |
Self-employment Flag |
Current
‘Other’ Monthly Payment |
Length
of Employment: Borrower |
Length
of Employment: Co- Borrower |
Years in Home | FICO Model Used | Most
Recent FICO Date | |
1 | 1 | 0 | 12 | 6 | 1 | |||||
2 | 2 | 0 | 0 | 0 | 0 | 1 | ||||
3 | 3 | 0 | 15 | 14 | 2 | 1 | ||||
4 | 2 | 0 | 2.25 | 5.5 | 1 | 1 | ||||
5 | 1 | 0 | 17 | 0 | 1 | |||||
6 | 2 | 0 | 1.5 | 0 | 1 | |||||
7 | 2 | 0 | 2 | 0 | 1 | |||||
8 | 1 | 0 | 7.75 | 0 | 1 | |||||
9 | 1 | 0 | 5 | 0 | 1 | |||||
10 | 1 | 1 | 25 | 6 | 1 | |||||
11 | 1 | 1 | 30 | 2 | 1 | 1 | ||||
12 | 1 | 1 | 10 | 3 | 0 | 1 | ||||
13 | 1 | 0 | 12 | 12 | 4 | 1 | ||||
14 | 1 | 0 | 8 | 2 | 1 | |||||
15 | 2 | 1 | 15 | 3 | 1 | |||||
16 | 2 | 1 | 25 | 0 | 1 | |||||
17 | 2 | 1 | 15 | 15 | 6 | 1 | ||||
18 | 1 | 0 | 13 | 0.25 | 1 | |||||
19 | 2 | 0 | 12 | 7 | 1 | 9/25/2012 | ||||
20 | 2 | 0 | 10 | 0 | 1 | |||||
21 | 1 | 0 | 16.5 | 0 | 1 | |||||
22 | 1 | 0 | 14.5 | 0 | 1 | |||||
23 | 1 | 0 | 6 | 0 | 1 | |||||
24 | 3 | 1 | 5 | 0 | 1 | |||||
25 | 1 | 1 | 17 | 17 | 7 | 1 | ||||
26 | 2 | 0 | 4 | 0 | 1 | |||||
27 | 1 | 0 | 10 | 1 | 1 | |||||
28 | 1 | 1 | 14 | 3 | 1 | |||||
29 | 3 | 0 | 3 | 2 | 0 | 1 | ||||
30 | 1 | 1 | 7 | 3.75 | 1 | |||||
31 | 1 | 0 | 5 | 5 | 0 | 1 | ||||
32 | 1 | 0 | 24.25 | 10 | 1 | |||||
33 | 1 | 0 | 13 | 6 | 1 | |||||
34 | 1 | 0 | 21 | 0 | 1 | |||||
35 | 4 | 0 | 12 | 7 | 1 | |||||
36 | 1 | 0 | 16.75 | 2 | 1 | |||||
37 | 3 | 0 | 13 | 0 | 1 | |||||
38 | 1 | 0 | 15 | 6 | 1 | |||||
39 | 1 | 0 | 14 | 1 | 1 | |||||
40 | 1 | 0 | 2 | 3 | 0 | 1 | ||||
41 | 2 | 0 | 16 | 6 | 0 | 1 | ||||
42 | 1 | 1 | 4.5 | 0 | 1 | |||||
43 | 1 | 0 | 5 | 5 | 1 | |||||
44 | 1 | 0 | 5.75 | 1 | 1 | |||||
45 | 2 | 0 | 13.5 | 0 | 1 | |||||
46 | 2 | 0 | 2 | 2 | 1 | |||||
47 | 1 | 0 | 0.5 | 3 | 3 | 1 | ||||
48 | 1 | 1 | 19 | 1.25 | 1 | |||||
49 | 4 | 1 | 5.5 | 4 | 1 | |||||
50 | 1 | 0 | 2 | 2 | 1 | |||||
51 | 1 | 0 | 4 | 10 | 9 | 1 | ||||
52 | 1 | 1 | 10.5 | 5 | 1 | |||||
53 | 1 | 0 | 8 | 5 | 0 | 1 | ||||
54 | 1 | 0 | 16.75 | 0 | 1 | |||||
55 | 1 | 1 | 10 | 7.75 | 1 | |||||
56 | 2 | 1 | 6 | 0 | 1 | |||||
57 | 1 | 0 | 3.5 | 0 | 1 | |||||
58 | 1 | 0 | 0.5 | 0 | 1 | |||||
59 | 1 | 0 | 32 | 8 | 0 | 1 | ||||
60 | 2 | 0 | 3 | 0 | 1 | |||||
61 | 1 | 0 | 0.5 | 0 | 1 | |||||
62 | 2 | 0 | 15 | 0 | 1 | |||||
63 | 1 | 0 | 0 | 0 | 1 | |||||
64 | 1 | 0 | 0 | 17 | 1 | |||||
65 | 4 | 0 | 13.25 | 0 | 1 | |||||
66 | 1 | 0 | 25.5 | 4.5 | 1 | |||||
67 | 1 | 0 | 32 | 0.75 | 4 | 1 | ||||
68 | 3 | 1 | 27 | 20 | 0 | 1 | ||||
69 | 2 | 1 | 3 | 1.5 | 1 | |||||
70 | 1 | 0 | 11.5 | 6 | 1 | |||||
71 | 1 | 1 | 17 | 1 | 1 |
81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
Primary
Wage Earner Original FICO: Equifax |
Primary
Wage Earner Original FICO: Experian |
Primary
Wage Earner Original FICO: TransUnion |
Secondary
Wage Earner Original FICO: Equifax |
Secondary
Wage Earner Original FICO: Experian |
Secondary
Wage Earner Original FICO: TransUnion |
Original Primary Borrower FICO |
Most
Recent Primary Borrower FICO |
Most
Recent Co- Borrower FICO |
Most
Recent FICO Method | |
1 | 789 | |||||||||
2 | 731 | |||||||||
3 | 760 | |||||||||
4 | 744 | |||||||||
5 | 812 | |||||||||
6 | 757 | |||||||||
7 | 786 | |||||||||
8 | 748 | |||||||||
9 | 779 | |||||||||
10 | 751 | |||||||||
11 | 789 | |||||||||
12 | 766 | |||||||||
13 | 785 | |||||||||
14 | 754 | |||||||||
15 | 718 | |||||||||
16 | 785 | |||||||||
17 | 781 | |||||||||
18 | 717 | |||||||||
19 | 789 | 793 | ||||||||
20 | 789 | |||||||||
21 | 795 | |||||||||
22 | 803 | |||||||||
23 | 800 | |||||||||
24 | 774 | |||||||||
25 | 715 | |||||||||
26 | 788 | |||||||||
27 | 790 | |||||||||
28 | 794 | |||||||||
29 | 773 | |||||||||
30 | 760 | |||||||||
31 | 784 | |||||||||
32 | 743 | |||||||||
33 | 778 | |||||||||
34 | 746 | |||||||||
35 | 763 | |||||||||
36 | 775 | |||||||||
37 | 798 | |||||||||
38 | 764 | |||||||||
39 | 793 | |||||||||
40 | 760 | |||||||||
41 | 776 | |||||||||
42 | 753 | |||||||||
43 | 789 | |||||||||
44 | 753 | |||||||||
45 | 787 | |||||||||
46 | 726 | |||||||||
47 | 702 | |||||||||
48 | 805 | |||||||||
49 | 703 | |||||||||
50 | 805 | |||||||||
51 | 728 | |||||||||
52 | 776 | |||||||||
53 | 782 | |||||||||
54 | 778 | |||||||||
55 | 775 | |||||||||
56 | 804 | |||||||||
57 | 778 | |||||||||
58 | 726 | |||||||||
59 | 782 | |||||||||
60 | 718 | |||||||||
61 | 790 | |||||||||
62 | 758 | |||||||||
63 | 715 | |||||||||
64 | 800 | |||||||||
65 | 772 | |||||||||
66 | 820 | |||||||||
67 | 789 | |||||||||
68 | 733 | |||||||||
69 | 774 | |||||||||
70 | 782 | |||||||||
71 | 788 | #N/A |
91 | 92 | 93 | 94 | 95 | 96 | 97 | 98 | 99 | 100 | |
VantageScore: Primary Borrower |
VantageScore:
Co- Borrower |
Most
Recent VantageScore Method |
VantageScore Date | Credit
Report: Longest Trade Line |
Credit
Report: Maximum Trade Line |
Credit
Report: Number of Trade Lines |
Credit
Line Usage Ratio |
Most
Recent 12- month Pay History |
Months Bankruptcy | |
1 | 000000000000 | |||||||||
2 | 000000000000 | |||||||||
3 | 000000000000 | |||||||||
4 | 000000000000 | |||||||||
5 | 000000000000 | |||||||||
6 | 000000000000 | |||||||||
7 | 000000000000 | |||||||||
8 | 000000000000 | |||||||||
9 | 000000000000 | |||||||||
10 | 000000000000 | |||||||||
11 | 000000000000 | |||||||||
12 | 000000000000 | |||||||||
13 | 000000000000 | |||||||||
14 | 000000000000 | |||||||||
15 | 000000000000 | |||||||||
16 | 000000000000 | |||||||||
17 | 000000000000 | |||||||||
18 | 000000000000 | |||||||||
19 | 000000000000 | |||||||||
20 | 000000000000 | |||||||||
21 | 000000000000 | |||||||||
22 | 000000000000 | |||||||||
23 | 000000000000 | |||||||||
24 | 000000000000 | |||||||||
25 | 000000000000 | |||||||||
26 | 000000000000 | |||||||||
27 | 000000000000 | |||||||||
28 | 000000000000 | |||||||||
29 | 000000000000 | |||||||||
30 | 000000000000 | |||||||||
31 | 000000000000 | |||||||||
32 | 000000000000 | |||||||||
33 | 000000000000 | |||||||||
34 | 000000000000 | |||||||||
35 | 000000000000 | |||||||||
36 | 000000000000 | |||||||||
37 | 000000000000 | |||||||||
38 | 000000000000 | |||||||||
39 | 000000000000 | |||||||||
40 | 000000000000 | |||||||||
41 | 000000000000 | |||||||||
42 | 000000000000 | |||||||||
43 | 000000000000 | |||||||||
44 | 000000000000 | |||||||||
45 | 000000000000 | |||||||||
46 | 000000000000 | |||||||||
47 | 000000000000 | |||||||||
48 | 000000000000 | |||||||||
49 | 000000000000 | |||||||||
50 | 000000000000 | |||||||||
51 | 000000000000 | |||||||||
52 | 000000000000 | |||||||||
53 | 000000000000 | |||||||||
54 | 000000000000 | |||||||||
55 | 000000000000 | |||||||||
56 | 000000000000 | |||||||||
57 | 000000000000 | |||||||||
58 | 000000000000 | |||||||||
59 | 000000000000 | |||||||||
60 | 000000000000 | |||||||||
61 | 000000000000 | |||||||||
62 | 000000000000 | |||||||||
63 | 000000000000 | |||||||||
64 | 000000000000 | |||||||||
65 | 000000000000 | |||||||||
66 | 000000000000 | |||||||||
67 | 000000000000 | |||||||||
68 | 000000000000 | |||||||||
69 | 000000000000 | |||||||||
70 | 000000000000 | |||||||||
71 | 000000000000 |
101 | 102 | 103 | 104 | 105 | 106 | 107 | 108 | 109 | 110 | |
Months Foreclosure | Primary
Borrower Wage Income |
Co-Borrower
Wage Income |
Primary
Borrower Other Income |
Co-Borrower
Other Income |
All
Borrower Wage Income |
All
Borrower Total Income |
4506-T Indicator | Borrower
Income Verification Level |
Co-Borrower Income Verification | |
1 | 13547.75 | 0.00 | 13547.75 | 13547.75 | 1 | 5 | ||||
2 | 20370.33 | 19351.83 | 0.00 | 0.00 | 39722.16 | 39722.16 | 1 | 5 | ||
3 | 11752.00 | 9189.81 | 9087.33 | 0.00 | 20941.81 | 30029.14 | 1 | 5 | ||
4 | 0.00 | 5417.00 | 14417.00 | 9903.00 | 5417.00 | 29737.00 | 1 | 5 | ||
5 | 16816.00 | 0.00 | 16816.00 | 16816.00 | 1 | 5 | ||||
6 | 14578.86 | 5750.61 | 14578.86 | 20329.47 | 1 | 5 | ||||
7 | 19166.66 | 0.00 | 2114.58 | 0.00 | 19166.66 | 21281.24 | 1 | 5 | ||
8 | 16070.90 | 19479.17 | 16070.90 | 35550.07 | 1 | 5 | ||||
9 | 15910.00 | 0.00 | 0.00 | 0.00 | 15910.00 | 15910.00 | 1 | 5 | ||
10 | 9941.00 | 0.00 | 310.00 | 0.00 | 9941.00 | 10251.00 | 1 | 4 | ||
11 | 9549.83 | 1946.70 | 7416.75 | 0.00 | 11496.53 | 18913.28 | 1 | 4 | ||
12 | 9972.79 | 864.00 | 0.00 | 0.00 | 10836.79 | 10836.79 | 1 | 4 | ||
13 | 15000.00 | 3339.24 | 0.00 | 0.00 | 18339.24 | 18339.24 | 1 | 5 | ||
14 | 9177.30 | 0.00 | 12852.00 | 0.00 | 9177.30 | 22029.30 | 1 | 5 | ||
15 | 14968.00 | 0.00 | 0.00 | 0.00 | 14968.00 | 14968.00 | 1 | 4 | ||
16 | 85070.72 | 0.00 | 85070.72 | 85070.72 | 1 | 4 | ||||
17 | 19639.82 | 3166.66 | 0.00 | 0.00 | 22806.48 | 22806.48 | 1 | 4 | ||
18 | 7240.19 | 35305.52 | 7240.19 | 42545.71 | 1 | 5 | ||||
19 | 41666.68 | 0.00 | -6811.00 | 0.00 | 41666.68 | 34855.68 | 1 | 5 | ||
20 | 22916.00 | 0.00 | 0.00 | 0.00 | 22916.00 | 22916.00 | 1 | 5 | ||
21 | 12053.42 | 0.00 | 0.00 | 0.00 | 12053.42 | 12053.42 | 1 | 5 | ||
22 | 17416.67 | 0.00 | 0.00 | 0.00 | 17416.67 | 17416.67 | 1 | 5 | ||
23 | 19733.00 | 0.00 | 19733.00 | 19733.00 | 1 | 5 | ||||
24 | 8310.25 | 349.60 | 0.00 | 0.00 | 8659.85 | 8659.85 | 1 | 4 | ||
25 | 18725.00 | 17848.42 | 0.00 | 0.00 | 36573.42 | 36573.42 | 1 | 4 | ||
26 | 9854.79 | 483.58 | 9854.79 | 10338.37 | 1 | 5 | ||||
27 | 20019.00 | 0.00 | 0.00 | 0.00 | 20019.00 | 20019.00 | 1 | 5 | ||
28 | 21725.31 | 0.00 | 21725.31 | 21725.31 | 1 | 4 | ||||
29 | 11870.44 | 4801.00 | 231.00 | 357.74 | 16671.44 | 17260.18 | 1 | 5 | ||
30 | 24400.00 | 0.00 | 24400.00 | 24400.00 | 1 | 4 | ||||
31 | 14852.59 | 12500.00 | 0.00 | 0.00 | 27352.59 | 27352.59 | 1 | 5 | ||
32 | 112500.00 | 0.00 | 0.00 | 0.00 | 112500.00 | 112500.00 | 1 | 5 | ||
33 | 16336.00 | 0.00 | 16336.00 | 16336.00 | 1 | 5 | ||||
34 | 22941.67 | 0.00 | 0.00 | 0.00 | 22941.67 | 22941.67 | 1 | 5 | ||
35 | 39411.30 | 0.00 | 0.00 | 0.00 | 39411.30 | 39411.30 | 1 | 5 | ||
36 | 21516.80 | 0.00 | 0.00 | 0.00 | 21516.80 | 21516.80 | 1 | 5 | ||
37 | 17839.29 | 0.00 | 17839.29 | 17839.29 | 1 | 5 | ||||
38 | 1961.30 | 0.00 | 30808.09 | 0.00 | 1961.30 | 32769.39 | 1 | 5 | ||
39 | 18750.00 | 0.00 | 0.00 | 0.00 | 18750.00 | 18750.00 | 1 | 5 | ||
40 | 6844.92 | 6407.81 | 0.00 | 0.00 | 13252.73 | 13252.73 | 1 | 5 | ||
41 | 19517.08 | 4895.00 | 0.00 | 0.00 | 24412.08 | 24412.08 | 1 | 5 | ||
42 | 25000.00 | 0.00 | 25000.00 | 25000.00 | 1 | 4 | ||||
43 | 15666.66 | 0.00 | 0.00 | 0.00 | 15666.66 | 15666.66 | 1 | 5 | ||
44 | 24157.66 | 14701.13 | 24157.66 | 38858.79 | 1 | 5 | ||||
45 | 50910.41 | 0.00 | 0.00 | 0.00 | 50910.41 | 50910.41 | 1 | 5 | ||
46 | 16083.34 | 0.00 | 0.00 | 0.00 | 16083.34 | 16083.34 | 1 | 5 | ||
47 | 4000.00 | 4705.00 | 0.00 | 0.00 | 8705.00 | 8705.00 | 1 | 5 | ||
48 | 15416.66 | 0.00 | 15416.66 | 15416.66 | 1 | 4 | ||||
49 | 43666.00 | 0.00 | 0.00 | 0.00 | 43666.00 | 43666.00 | 1 | 4 | ||
50 | 41256.96 | 0.00 | 41256.96 | 41256.96 | 1 | 5 | ||||
51 | 9583.00 | 9580.00 | 0.00 | 0.00 | 19163.00 | 19163.00 | 1 | 5 | ||
52 | 29726.43 | 0.00 | 29726.43 | 29726.43 | 1 | 4 | ||||
53 | 4648.00 | 9126.00 | 0.00 | 937.50 | 13774.00 | 14711.50 | 1 | 5 | ||
54 | 17873.00 | 0.00 | 17873.00 | 17873.00 | 1 | 5 | ||||
55 | 29197.93 | 0.00 | 0.00 | 0.00 | 29197.93 | 29197.93 | 1 | 4 | ||
56 | 59852.25 | 0.00 | 59852.25 | 59852.25 | 1 | 4 | ||||
57 | 16666.67 | 0.00 | 32894.52 | 0.00 | 16666.67 | 49561.19 | 1 | 5 | ||
58 | 16666.00 | 0.00 | 16666.00 | 16666.00 | 1 | 5 | ||||
59 | 0.00 | 12190.00 | 11432.54 | 0.00 | 12190.00 | 23622.54 | 1 | 5 | ||
60 | 17004.38 | 0.00 | 0.00 | 0.00 | 17004.38 | 17004.38 | 1 | 5 | ||
61 | 20833.34 | 0.00 | 0.00 | 0.00 | 20833.34 | 20833.34 | 1 | 5 | ||
62 | 17500.00 | 0.00 | 6383.27 | 0.00 | 17500.00 | 23883.27 | 1 | 5 | ||
63 | 22083.33 | 0.00 | 22083.33 | 22083.33 | 1 | 5 | ||||
64 | 2054.00 | 941.00 | 6553.00 | 0.00 | 2995.00 | 9548.00 | 1 | 5 | ||
65 | 50310.00 | 19472.50 | 50310.00 | 69782.50 | 1 | 5 | ||||
66 | 17094.18 | 0.00 | 17094.18 | 17094.18 | 1 | 5 | ||||
67 | 11362.00 | 8667.00 | 0.00 | 0.00 | 20029.00 | 20029.00 | 1 | 5 | ||
68 | 9373.51 | 18050.96 | 0.00 | 0.00 | 27424.47 | 27424.47 | 1 | 4 | ||
69 | 55276.77 | 0.00 | 55276.77 | 55276.77 | 1 | 4 | ||||
70 | 19260.32 | 0.00 | 19260.32 | 19260.32 | 1 | 5 | ||||
71 | 64710.05 | 0.00 | 64710.05 | 64710.05 | 1 | 4 |
111 | 112 | 113 | 114 | 115 | 116 | 117 | 118 | 119 | 120 | |
Borrower Employment Verification |
Co-Borrower Employment Verification |
Borrower
Asset Verification |
Co-Borrower
Asset Verification |
Liquid
/ Cash Reserves |
Monthly
Debt All Borrowers |
Originator DTI | Fully Indexed Rate | Qualification Method |
Percentage
of Down Payment from Borrower Own Funds | |
1 | 3 | 4 | 163634.53 | 5511.04 | 0.4068 | |||||
2 | 3 | 4 | 287298.00 | 9081.92 | 0.2286 | 100 | ||||
3 | 3 | 4 | 2468648.19 | 16375.28 | 0.5453 | |||||
4 | 3 | 4 | 257662.95 | 9859.06 | 0.3315 | |||||
5 | 3 | 4 | 421521.06 | 3496.01 | 0.2079 | 100 | ||||
6 | 3 | 4 | 62312.64 | 6600.21 | 0.3247 | 100 | ||||
7 | 3 | 4 | 156688.82 | 8908.69 | 0.4186 | 91.0765 | ||||
8 | 3 | 4 | 172510.86 | 9619.10 | 0.2706 | |||||
9 | 3 | 4 | 48625.11 | 5864.08 | 0.3686 | 100 | ||||
10 | 3 | 4 | 44408.16 | 4355.73 | 0.4249 | |||||
11 | 3 | 4 | 2047789.50 | 6843.32 | 0.3618 | |||||
12 | 3 | 4 | 98044.81 | 4818.15 | 0.4446 | |||||
13 | 3 | 4 | 157295.61 | 6112.36 | 0.3333 | |||||
14 | 3 | 4 | 101886.48 | 5152.26 | 0.2339 | |||||
15 | 3 | 4 | 156372.28 | 5063.15 | 0.3383 | |||||
16 | 3 | 4 | 2618900.07 | 16119.63 | 0.1895 | 100 | ||||
17 | 3 | 4 | 223330.50 | 9576.19 | 0.4199 | |||||
18 | 3 | 4 | 41265.59 | 7008.26 | 0.1647 | |||||
19 | 3 | 4 | 2519051.70 | 14092.29 | 0.4043 | |||||
20 | 3 | 4 | 43426.26 | 8514.60 | 0.3716 | 100 | ||||
21 | 3 | 4 | 36361.68 | 5085.48 | 0.4219 | 100 | ||||
22 | 3 | 4 | 172421.28 | 7364.99 | 0.4229 | 100 | ||||
23 | 3 | 4 | 49148.01 | 5858.33 | 0.2969 | 100 | ||||
24 | 3 | 4 | 356281.90 | 3387.70 | 0.3912 | 100 | ||||
25 | 3 | 4 | 199276.42 | 12226.71 | 0.3343 | |||||
26 | 3 | 4 | 50434.30 | 3874.63 | 0.3748 | 47.2942 | ||||
27 | 3 | 4 | 137826.50 | 8581.95 | 0.4287 | |||||
28 | 3 | 4 | 119457.22 | 6999.59 | 0.3222 | |||||
29 | 3 | 4 | 364790.71 | 8228.79 | 0.4768 | 100 | ||||
30 | 3 | 4 | 142502.80 | 5956.87 | 0.2441 | |||||
31 | 3 | 4 | 916794.26 | 4652.18 | 0.1701 | 100 | ||||
32 | 3 | 4 | 559693.03 | 15520.16 | 0.1380 | |||||
33 | 3 | 4 | 164963.54 | 4922.97 | 0.3014 | |||||
34 | 3 | 4 | 695693.21 | 5672.86 | 0.2473 | 100 | ||||
35 | 3 | 4 | 60457.80 | 11582.43 | 0.2939 | |||||
36 | 3 | 4 | 55288.37 | 6675.85 | 0.3103 | |||||
37 | 3 | 4 | 167743.93 | 7671.45 | 0.4300 | 100 | ||||
38 | 3 | 4 | 158021.37 | 6623.28 | 0.2021 | |||||
39 | 3 | 4 | 161556.73 | 4520.64 | 0.2411 | |||||
40 | 3 | 4 | 31966.06 | 5051.30 | 0.3812 | 51.139 | ||||
41 | 3 | 4 | 54149.78 | 7271.48 | 0.2979 | 100 | ||||
42 | 3 | 4 | 145725.02 | 7173.00 | 0.2869 | 100 | ||||
43 | 3 | 4 | 66274.48 | 4754.31 | 0.3035 | |||||
44 | 3 | 4 | 228379.63 | 11601.21 | 0.2985 | |||||
45 | 3 | 4 | 149777.28 | 11969.19 | 0.2351 | 100 | ||||
46 | 3 | 4 | 32252.00 | 5124.96 | 0.3187 | |||||
47 | 3 | 4 | 28842.27 | 3837.90 | 0.4409 | |||||
48 | 3 | 4 | 157915.67 | 6451.96 | 0.4185 | |||||
49 | 3 | 4 | 286788.47 | 9803.24 | 0.2245 | |||||
50 | 3 | 4 | 101112.60 | 6287.64 | 0.1524 | |||||
51 | 3 | 4 | 58502.92 | 7248.71 | 0.3783 | |||||
52 | 3 | 4 | 26038.89 | 4234.26 | 0.1424 | |||||
53 | 3 | 4 | 250018.76 | 6299.99 | 0.4282 | 100 | ||||
54 | 3 | 4 | 276139.22 | 7329.90 | 0.4101 | 100 | ||||
55 | 3 | 4 | 145644.84 | 6081.26 | 0.2083 | |||||
56 | 3 | 4 | 663041.14 | 8108.36 | 0.1355 | 100 | ||||
57 | 3 | 4 | 165629.29 | 7114.46 | 0.1435 | 100 | ||||
58 | 3 | 4 | 215108.64 | 7056.87 | 0.4234 | 100 | ||||
59 | 3 | 4 | 568474.56 | 4841.35 | 0.2049 | 100 | ||||
60 | 3 | 4 | 53265.95 | 7422.21 | 0.4365 | 100 | ||||
61 | 3 | 4 | 135307.26 | 6218.06 | 0.2985 | 100 | ||||
62 | 3 | 4 | 282798.18 | 10658.55 | 0.4463 | 100 | ||||
63 | 3 | 4 | 888742.18 | 9727.88 | 0.4405 | 100 | ||||
64 | 3 | 4 | 1295564.20 | 3535.19 | 0.3703 | |||||
65 | 3 | 4 | 1282930.65 | 23350.27 | 0.3346 | 100 | ||||
66 | 3 | 4 | 142507.74 | 4584.57 | 0.2682 | |||||
67 | 3 | 4 | 206549.26 | 4852.11 | 0.2423 | |||||
68 | 3 | 4 | 196672.60 | 11606.12 | 0.4232 | |||||
69 | 3 | 4 | 275200.69 | 9807.15 | 0.1774 | |||||
70 | 3 | 4 | 213066.79 | 5618.91 | 0.2917 | |||||
71 | 3 | 4 | 555470.24 | 6264.13 | 0.0968 |
121 | 122 | 123 | 124 | 125 | 126 | 127 | 128 | 129 | 130 | |
City | State | Postal Code | Property Type | Occupancy | Sales Price | Original
Appraised Property Value |
Original
Property Valuation Type |
Original
Property Valuation Date |
Original
Automated Valuation Model (AVM) Model Name | |
1 | AUSTIN | TX | 78704 | 1 | 1 | 694000.00 | 3 | 20120728 | ||
2 | DALLAS | TX | 75254 | 1 | 1 | 935000.00 | 960000.00 | 3 | 20120507 | |
3 | SCOTTSDALE | AZ | 85262 | 7 | 1 | 2400000.00 | 3 | 20120327 | ||
4 | PARADISE VALLEY | AZ | 85253 | 1 | 1 | 1425000.00 | 3 | 20120719 | ||
5 | GILBERT | AZ | 85234 | 7 | 1 | 705000.00 | 705000.00 | 3 | 20120709 | |
6 | APEX | NC | 27502 | 7 | 1 | 732000.00 | 732000.00 | 3 | 20120616 | |
7 | RYE | NY | 10580 | 1 | 1 | 999999.00 | 1050000.00 | 3 | 20120524 | |
8 | WATER MILL | NY | 11976 | 1 | 2 | 1350000.00 | 3 | 20120620 | ||
9 | FALLS CHURCH | VA | 22043 | 1 | 1 | 1320000.00 | 1410000.00 | 3 | 20120706 | |
10 | LEWES | DE | 19958 | 1 | 1 | 1600000.00 | 3 | 20120507 | ||
11 | REHOBOTH BEACH | DE | 19971 | 7 | 1 | 2000000.00 | 3 | 20120626 | ||
12 | PIKE ROAD | AL | 36064 | 7 | 1 | 850000.00 | 3 | 20120614 | ||
13 | RICHMOND | VA | 23221 | 7 | 1 | 1201500.00 | 3 | 20120727 | ||
14 | LOS ANGELES | CA | 90045 | 1 | 1 | 825000.00 | 3 | 20120521 | ||
15 | SANTA ANA | CA | 92705 | 1 | 1 | 1250000.00 | 3 | 20120703 | ||
16 | SANTA ROSA BEACH | FL | 32459 | 7 | 2 | 2628000.00 | 2800000.00 | 3 | 20120725 | |
17 | PINEHURST | NC | 28374 | 7 | 1 | 1295000.00 | 3 | 20120504 | ||
18 | CLEVELAND | MO | 64734 | 1 | 1 | 850000.00 | 3 | 20120529 | ||
19 | MENLO PARK | CA | 94025 | 1 | 1 | 2400000.00 | 3 | 20120228 | ||
20 | JOHNS CREEK | GA | 30022 | 7 | 1 | 945000.00 | 958000.00 | 3 | 20120622 | |
21 | PROSPER | TX | 75078 | 7 | 1 | 715000.00 | 721000.00 | 3 | 20120627 | |
22 | WESTLAKE | TX | 76262 | 7 | 1 | 1150000.00 | 1200000.00 | 3 | 20120713 | |
23 | CINCINNATI | OH | 45208 | 1 | 1 | 880000.00 | 880000.00 | 3 | 20120805 | |
24 | HOUSTON | TX | 77098 | 7 | 1 | 1299900.00 | 1275000.00 | 3 | 20120720 | |
25 | HIGHLAND PARK | TX | 75205 | 1 | 1 | 1500000.00 | 3 | 20120628 | ||
26 | KINGSVILLE | MD | 21087 | 7 | 1 | 650000.00 | 650000.00 | 3 | 20120605 | |
27 | DALLAS | TX | 75230 | 1 | 1 | 1165000.00 | 3 | 20120521 | ||
28 | DALLAS | TX | 75225 | 1 | 1 | 1145000.00 | 3 | 20120612 | ||
29 | ELLICOTT CITY | MD | 21042 | 7 | 1 | 1460349.00 | 1470000.00 | 3 | 20120723 | |
30 | BELLAIRE | TX | 77401 | 1 | 1 | 980000.00 | 3 | 20120512 | ||
31 | HIGHLAND PARK | TX | 75205 | 1 | 1 | 1207651.00 | 1275000.00 | 3 | 20120420 | |
32 | DALLAS | TX | 75225 | 1 | 1 | 1650000.00 | 3 | 20120702 | ||
33 | ARGYLE | TX | 76226 | 1 | 1 | 725000.00 | 3 | 20120731 | ||
34 | DALLAS | TX | 75209 | 1 | 1 | 818681.00 | 865000.00 | 3 | 20120730 | |
35 | SAN ANTONIO | TX | 78258 | 7 | 1 | 1550000.00 | 3 | 20120625 | ||
36 | DALLAS | TX | 75230 | 1 | 1 | 1102000.00 | 3 | 20120605 | ||
37 | SCOTTSDALE | AZ | 85260 | 7 | 1 | 1015000.00 | 1015000.00 | 3 | 20120522 | |
38 | RENO | NV | 89511 | 7 | 1 | 1500000.00 | 3 | 20120618 | ||
39 | CARROLLTON | TX | 75010 | 7 | 1 | 680000.00 | 98 | 20120716 | ||
40 | UNIVERSITY PARK | TX | 75225 | 1 | 1 | 768000.00 | 764000.00 | 3 | 20120620 | |
41 | COLLEYVILLE | TX | 76034 | 7 | 1 | 665000.00 | 672000.00 | 3 | 20120721 | |
42 | DALLAS | TX | 75252 | 7 | 1 | 875000.00 | 900000.00 | 3 | 20120813 | |
43 | WEST HARTFORD | CT | 06107 | 1 | 1 | 750000.00 | 3 | 20120726 | ||
44 | NEW CANAAN | CT | 06840 | 1 | 1 | 2055000.00 | 3 | 20120607 | ||
45 | ABILENE | TX | 79602 | 1 | 1 | 800000.00 | 945000.00 | 3 | 20120725 | |
46 | NEWCASTLE | WA | 98056 | 1 | 1 | 670000.00 | 3 | 20120711 | ||
47 | ODESSA | TX | 79765 | 7 | 1 | 1400000.00 | 3 | 20120702 | ||
48 | VIRGINIA BEACH | VA | 23451 | 1 | 1 | 975000.00 | 3 | 20120703 | ||
49 | FRANKLIN | TN | 37069 | 7 | 1 | 1250000.00 | 3 | 20120425 | ||
50 | ATLANTA | GA | 30342 | 7 | 1 | 1350000.00 | 3 | 20120712 | ||
51 | WINCHESTER | MA | 01890 | 1 | 1 | 1550000.00 | 3 | 20120611 | ||
52 | DALLAS | TX | 75214 | 1 | 1 | 775000.00 | 3 | 20120523 | ||
53 | SAN JUAN CAPISTRANO | CA | 92675 | 7 | 1 | 1189000.00 | 1189000.00 | 3 | 20120731 | |
54 | CHATSWORTH | CA | 91311 | 1 | 1 | 950000.00 | 950000.00 | 3 | 20120526 | |
55 | SCOTTSDALE | AZ | 85255 | 7 | 1 | 1015000.00 | 3 | 20120712 | ||
56 | DALLAS | TX | 75225 | 1 | 1 | 1150000.00 | 1530000.00 | 3 | 20120705 | |
57 | SUMMIT | NJ | 07901 | 1 | 1 | 1250000.00 | 1250000.00 | 3 | 20120514 | |
58 | CHARLOTTE | NC | 28207 | 1 | 1 | 875000.00 | 886000.00 | 3 | 20120611 | |
59 | ALBUQUERQUE | NM | 87111 | 7 | 1 | 810000.00 | 820000.00 | 3 | 20120726 | |
60 | SAN DIEGO | CA | 92130 | 1 | 1 | 1175000.00 | 1175000.00 | 3 | 20120529 | |
61 | AUSTIN | TX | 78746 | 7 | 1 | 1035000.00 | 1050000.00 | 3 | 20120713 | |
62 | AUSTIN | TX | 78705 | 1 | 1 | 1090000.00 | 1125000.00 | 3 | 20120720 | |
63 | HOUSTON | TX | 77024 | 7 | 1 | 1690000.00 | 1710000.00 | 3 | 20120717 | |
64 | SPOKANE | WA | 99223 | 7 | 1 | 630000.00 | 3 | 20120626 | ||
65 | AUSTIN | TX | 78734 | 7 | 1 | 1750000.00 | 1760000.00 | 3 | 20120723 | |
66 | FULSHEAR | TX | 77441 | 7 | 1 | 766000.00 | 3 | 20120809 | ||
67 | HIGHLAND PARK | TX | 75209 | 1 | 1 | 992000.00 | 3 | 20120730 | ||
68 | BERLIN | MD | 21811 | 1 | 2 | 875000.00 | 3 | 20120430 | ||
69 | ARNOLD | MD | 21012 | 7 | 1 | 1550000.00 | 3 | 20120703 | ||
70 | NEW ALBANY | OH | 43054 | 7 | 1 | 860000.00 | 3 | 20120504 | ||
71 | ATLANTA | GA | 30305 | 1 | 1 | 1650000.00 | 3 | 20120612 |
131 | 132 | 133 | 134 | 135 | 136 | 137 | 138 | 139 | 140 | |
Original
AVM Confidence Score |
Most
Recent Property Value2 |
Most
Recent Property Valuation Type |
Most
Recent Property Valuation Date |
Most
Recent AVM Model Name |
Most
Recent AVM Confidence Score |
Original CLTV | Original LTV | Original
Pledged Assets |
Mortgage
Insurance Company Name | |
1 | 0.7844 | 0.7844 | 0 | 0 | ||||||
2 | 0.6598 | 0.6598 | 0 | 0 | ||||||
3 | 0.6458 | 0.6458 | 0 | 0 | ||||||
4 | 0.7462 | 0.7462 | 0 | 0 | ||||||
5 | 0.8000 | 0.8000 | 0 | 0 | ||||||
6 | 0.7500 | 0.7500 | 0 | 0 | ||||||
7 | 0.7999 | 0.7999 | 0 | 0 | ||||||
8 | 0.5743 | 0.5743 | 0 | 0 | ||||||
9 | 0.7500 | 0.7500 | 0 | 0 | ||||||
10 | 0.3906 | 0.3906 | 0 | 0 | ||||||
11 | 0.5325 | 0.5325 | 0 | 0 | ||||||
12 | 0.7147 | 0.7147 | 0 | 0 | ||||||
13 | 0.8000 | 0.8000 | 0 | 0 | ||||||
14 | 0.7868 | 0.7868 | 0 | 0 | ||||||
15 | 0.6856 | 0.6856 | 0 | 0 | ||||||
16 | 0.5707 | 0.5707 | 0 | 0 | ||||||
17 | 0.6872 | 0.6108 | 0 | 0 | ||||||
18 | 0.6964 | 0.6964 | 0 | 0 | ||||||
19 | 0.5860 | 0.5860 | 0 | 0 | ||||||
20 | 0.8000 | 0.8000 | 0 | 0 | ||||||
21 | 0.6783 | 0.6783 | 0 | 0 | ||||||
22 | 0.8000 | 0.8000 | 0 | 0 | ||||||
23 | 0.6363 | 0.6363 | 0 | 0 | ||||||
24 | 0.5490 | 0.5490 | 0 | 0 | ||||||
25 | 0.5880 | 0.5213 | 0 | 0 | ||||||
26 | 0.7846 | 0.7846 | 0 | 0 | ||||||
27 | 0.7974 | 0.7974 | 0 | 0 | ||||||
28 | 0.5406 | 0.5406 | 0 | 0 | ||||||
29 | 0.7499 | 0.7499 | 0 | 0 | ||||||
30 | 0.6051 | 0.6051 | 0 | 0 | ||||||
31 | 0.4968 | 0.4968 | 0 | 0 | ||||||
32 | 0.6896 | 0.6896 | 0 | 0 | ||||||
33 | 0.7213 | 0.7213 | 0 | 0 | ||||||
34 | 0.7499 | 0.7499 | 0 | 0 | ||||||
35 | 0.4529 | 0.4529 | 0 | 0 | ||||||
36 | 0.5867 | 0.5867 | 0 | 0 | ||||||
37 | 0.7980 | 0.7980 | 0 | 0 | ||||||
38 | 0.6295 | 0.6295 | 0 | 0 | ||||||
39 | 0.7985 | 0.7985 | 0 | 0 | ||||||
40 | 0.8000 | 0.8000 | 0 | 0 | ||||||
41 | 0.8000 | 0.8000 | 0 | 0 | ||||||
42 | 0.7500 | 0.7500 | 0 | 0 | ||||||
43 | 0.8000 | 0.8000 | 0 | 0 | ||||||
44 | 0.7500 | 0.7500 | 0 | 0 | ||||||
45 | 0.8000 | 0.8000 | 0 | 0 | ||||||
46 | 0.8000 | 0.8000 | 0 | 0 | ||||||
47 | 0.3492 | 0.3492 | 0 | 0 | ||||||
48 | 0.7282 | 0.7282 | 0 | 0 | ||||||
49 | 0.7500 | 0.7500 | 0 | 0 | ||||||
50 | 0.6777 | 0.6777 | 0 | 0 | ||||||
51 | 0.6290 | 0.6290 | 0 | 0 | ||||||
52 | 0.6390 | 0.6390 | 0 | 0 | ||||||
53 | 0.7443 | 0.7443 | 0 | 0 | ||||||
54 | 0.8000 | 0.8000 | 0 | 0 | ||||||
55 | 0.7083 | 0.7083 | 0 | 0 | ||||||
56 | 0.7391 | 0.7391 | 0 | 0 | ||||||
57 | 0.6400 | 0.6400 | 0 | 0 | ||||||
58 | 0.8000 | 0.8000 | 0 | 0 | ||||||
59 | 0.7407 | 0.7407 | 0 | 0 | ||||||
60 | 0.5744 | 0.5744 | 0 | 0 | ||||||
61 | 0.8000 | 0.8000 | 0 | 0 | ||||||
62 | 0.8000 | 0.8000 | 0 | 0 | ||||||
63 | 0.5911 | 0.5911 | 0 | 0 | ||||||
64 | 0.7292 | 0.7292 | 0 | 0 | ||||||
65 | 0.5714 | 0.5714 | 0 | 0 | ||||||
66 | 0.7387 | 0.7387 | 0 | 0 | ||||||
67 | 0.6035 | 0.6035 | 0 | 0 | ||||||
68 | 0.7500 | 0.7500 | 0 | 0 | ||||||
69 | 0.6387 | 0.6387 | 0 | 0 | ||||||
70 | 0.8000 | 0.8000 | 0 | 0 | ||||||
71 | 0.5964 | 0.5964 | 0 | 0 |
141 | 142 | 143 | 144 | 145 | 146 | 147 | 148 | 149 | 150 | |
Mortgage
Insurance Percent |
MI:
Lender or Borrower Paid? |
Pool
Insurance Co. Name |
Pool
Insurance Stop Loss % |
MI
Certificate Number |
Updated
DTI (Front-end) |
Updated
DTI (Back-end) |
Modification Effective Payment Date |
Total
Capitalized Amount |
Total
Deferred Amount | |
1 | 0 | |||||||||
2 | 0 | |||||||||
3 | 0 | |||||||||
4 | 0 | |||||||||
5 | 0 | |||||||||
6 | 0 | |||||||||
7 | 0 | |||||||||
8 | 0 | |||||||||
9 | 0 | |||||||||
10 | 0 | |||||||||
11 | 0 | |||||||||
12 | 0 | |||||||||
13 | 0 | |||||||||
14 | 0 | |||||||||
15 | 0 | |||||||||
16 | 0 | |||||||||
17 | 0 | |||||||||
18 | 0 | |||||||||
19 | 0 | |||||||||
20 | 0 | |||||||||
21 | 0 | |||||||||
22 | 0 | |||||||||
23 | 0 | |||||||||
24 | 0 | |||||||||
25 | 0 | |||||||||
26 | 0 | |||||||||
27 | 0 | |||||||||
28 | 0 | |||||||||
29 | 0 | |||||||||
30 | 0 | |||||||||
31 | 0 | |||||||||
32 | 0 | |||||||||
33 | 0 | |||||||||
34 | 0 | |||||||||
35 | 0 | |||||||||
36 | 0 | |||||||||
37 | 0 | |||||||||
38 | 0 | |||||||||
39 | 0 | |||||||||
40 | 0 | |||||||||
41 | 0 | |||||||||
42 | 0 | |||||||||
43 | 0 | |||||||||
44 | 0 | |||||||||
45 | 0 | |||||||||
46 | 0 | |||||||||
47 | 0 | |||||||||
48 | 0 | |||||||||
49 | 0 | |||||||||
50 | 0 | |||||||||
51 | 0 | |||||||||
52 | 0 | |||||||||
53 | 0 | |||||||||
54 | 0 | |||||||||
55 | 0 | |||||||||
56 | 0 | |||||||||
57 | 0 | |||||||||
58 | 0 | |||||||||
59 | 0 | |||||||||
60 | 0 | |||||||||
61 | 0 | |||||||||
62 | 0 | |||||||||
63 | 0 | |||||||||
64 | 0 | |||||||||
65 | 0 | |||||||||
66 | 0 | |||||||||
67 | 0 | |||||||||
68 | 0 | |||||||||
69 | 0 | |||||||||
70 | 0 | |||||||||
71 | 0 |
151 | 152 | 153 | 154 | 155 | 156 | 157 | 158 | 159 | 160 | |
Pre-Modification Interest (Note) Rate |
Pre-Modification
P&I Payment |
Pre-Modification Initial Interest Rate Change Downward Cap |
Pre-Modification Subsequent Interest Rate Cap |
Pre-Modification Next Interest Rate Change Date |
Pre-Modification
I/O Term |
Forgiven
Principal Amount |
Forgiven
Interest Amount |
Number
of Modifications |
Cash To/From Brrw at Closing | |
1 | ||||||||||
2 | ||||||||||
3 | ||||||||||
4 | ||||||||||
5 | ||||||||||
6 | ||||||||||
7 | ||||||||||
8 | ||||||||||
9 | ||||||||||
10 | ||||||||||
11 | ||||||||||
12 | ||||||||||
13 | ||||||||||
14 | ||||||||||
15 | ||||||||||
16 | ||||||||||
17 | ||||||||||
18 | ||||||||||
19 | ||||||||||
20 | ||||||||||
21 | ||||||||||
22 | ||||||||||
23 | ||||||||||
24 | ||||||||||
25 | ||||||||||
26 | ||||||||||
27 | ||||||||||
28 | ||||||||||
29 | ||||||||||
30 | ||||||||||
31 | ||||||||||
32 | ||||||||||
33 | ||||||||||
34 | ||||||||||
35 | ||||||||||
36 | ||||||||||
37 | ||||||||||
38 | ||||||||||
39 | ||||||||||
40 | ||||||||||
41 | ||||||||||
42 | ||||||||||
43 | ||||||||||
44 | ||||||||||
45 | ||||||||||
46 | ||||||||||
47 | ||||||||||
48 | ||||||||||
49 | ||||||||||
50 | ||||||||||
51 | ||||||||||
52 | ||||||||||
53 | ||||||||||
54 | ||||||||||
55 | ||||||||||
56 | ||||||||||
57 | ||||||||||
58 | ||||||||||
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60 | ||||||||||
61 | ||||||||||
62 | ||||||||||
63 | ||||||||||
64 | ||||||||||
65 | ||||||||||
66 | ||||||||||
67 | ||||||||||
68 | ||||||||||
69 | ||||||||||
70 | ||||||||||
71 |
161 | 162 | 163 | 164 | 165 | 166 | 167 | |
Brrw - Yrs at in Industry | CoBrrw - Yrs at in Industry | Junior Mortgage Drawn Amount | Maturity Date | Primary Borrower Wage Income (Salary) | Primary Borrower Wage Income (Bonus) | Primary Borrower Wage Income (Commission) | |
1 | 12 | 0.00 | 20420901 | 13547.75 | 0.00 | 0.00 | |
2 | 21 | 16 | 0.00 | 20420801 | 20370.33 | 0.00 | 0.00 |
3 | 15 | 14 | 0.00 | 20420801 | 11752.00 | 0.00 | 0.00 |
4 | 9 | 9 | 0.00 | 20420901 | 0.00 | 0.00 | 14417.00 |
5 | 18 | 0.00 | 20420901 | 16816.00 | 0.00 | 0.00 | |
6 | 10 | 0.00 | 20420901 | 14578.86 | 5750.61 | 0.00 | |
7 | 2 | 0.00 | 20420901 | 19166.66 | 2114.58 | 0.00 | |
8 | 15 | 0.00 | 20420801 | 16070.90 | 19479.17 | 0.00 | |
9 | 15 | 0.00 | 20420801 | 15910.00 | 0.00 | 0.00 | |
10 | 25 | 0.00 | 20420901 | 9941.00 | 0.00 | 0.00 | |
11 | 30 | 2 | 0.00 | 20420901 | 9549.83 | 0.00 | 0.00 |
12 | 10 | 6 | 0.00 | 20420901 | 9972.79 | 0.00 | 0.00 |
13 | 12 | 12 | 0.00 | 20420901 | 15000.00 | 0.00 | 0.00 |
14 | 8 | 0.00 | 20420801 | 9177.30 | 0.00 | 12852.00 | |
15 | 15 | 0.00 | 20420901 | 14968.00 | 0.00 | 0.00 | |
16 | 25 | 0.00 | 20421001 | 85070.72 | 0.00 | 0.00 | |
17 | 15 | 15 | 55027.00 | 20420901 | 19639.82 | 0.00 | 0.00 |
18 | 13 | 0.00 | 20420901 | 7240.19 | 0.00 | 35305.52 | |
19 | 20 | 0.00 | 20420401 | 41666.68 | 0.00 | 0.00 | |
20 | 21 | 0.00 | 20420901 | 22916.00 | 0.00 | 0.00 | |
21 | 16.5 | 0.00 | 20420801 | 12053.42 | 0.00 | 0.00 | |
22 | 21 | 0.00 | 20420801 | 17416.67 | 0.00 | 0.00 | |
23 | 15 | 0.00 | 20420901 | 19733.00 | 0.00 | 0.00 | |
24 | 40 | 0.00 | 20420901 | 8310.25 | 0.00 | 0.00 | |
25 | 17 | 17 | 97016.00 | 20420801 | 18725.00 | 0.00 | 0.00 |
26 | 4 | 0.00 | 20420801 | 9854.79 | 0.00 | 0.00 | |
27 | 10 | 0.00 | 20420801 | 20019.00 | 0.00 | 0.00 | |
28 | 14 | 0.00 | 20420801 | 21725.31 | 0.00 | 0.00 | |
29 | 40 | 2 | 0.00 | 20420901 | 11870.44 | 0.00 | 0.00 |
30 | 19 | 0.00 | 20420801 | 24400.00 | 0.00 | 0.00 | |
31 | 15 | 16 | 0.00 | 20420801 | 14852.59 | 0.00 | 0.00 |
32 | 25 | 0.00 | 20420901 | 112500.00 | 0.00 | 0.00 | |
33 | 15 | 0.00 | 20420901 | 16336.00 | 0.00 | 0.00 | |
34 | 26 | 0.00 | 20420901 | 22941.67 | 0.00 | 0.00 | |
35 | 12 | 0.00 | 20420801 | 39411.30 | 0.00 | 0.00 | |
36 | 17 | 0.00 | 20420701 | 21516.80 | 0.00 | 0.00 | |
37 | 22 | 0.00 | 20420801 | 17839.29 | 0.00 | 0.00 | |
38 | 15 | 0.00 | 20420801 | 1961.30 | 0.00 | 30808.09 | |
39 | 18 | 0.00 | 20420901 | 18750.00 | 0.00 | 0.00 | |
40 | 13 | 13 | 0.00 | 20420801 | 6844.92 | 0.00 | 0.00 |
41 | 18 | 10 | 0.00 | 20420901 | 19517.08 | 0.00 | 0.00 |
42 | 10 | 0.00 | 20420901 | 25000.00 | 0.00 | 0.00 | |
43 | 5 | 0.00 | 20420901 | 15666.66 | 0.00 | 0.00 | |
44 | 6 | 0.00 | 20420801 | 24157.66 | 14701.13 | 0.00 | |
45 | 13.5 | 0.00 | 20420901 | 50910.41 | 0.00 | 0.00 | |
46 | 5 | 0.00 | 20420801 | 16083.34 | 0.00 | 0.00 | |
47 | 10 | 20 | 0.00 | 20420901 | 4000.00 | 0.00 | 0.00 |
48 | 19 | 0.00 | 20420901 | 15416.66 | 0.00 | 0.00 | |
49 | 9 | 0.00 | 20420901 | 43666.00 | 0.00 | 0.00 | |
50 | 2 | 0.00 | 20420901 | 41256.96 | 0.00 | 0.00 | |
51 | 10 | 10 | 0.00 | 20420801 | 9583.00 | 0.00 | 0.00 |
52 | 10.5 | 0.00 | 20420801 | 29726.43 | 0.00 | 0.00 | |
53 | 15 | 17 | 0.00 | 20420901 | 4648.00 | 0.00 | 0.00 |
54 | 17 | 0.00 | 20420801 | 17873.00 | 0.00 | 0.00 | |
55 | 12 | 0.00 | 20420901 | 29197.93 | 0.00 | 0.00 | |
56 | 40 | 0.00 | 20420901 | 59852.25 | 0.00 | 0.00 | |
57 | 17 | 0.00 | 20420801 | 16666.67 | 32894.52 | 0.00 | |
58 | 25 | 0.00 | 20420801 | 16666.00 | 0.00 | 0.00 | |
59 | 32 | 30 | 0.00 | 20420901 | 0.00 | 0.00 | 11432.54 |
60 | 11 | 0.00 | 20420801 | 17004.38 | 0.00 | 0.00 | |
61 | 17 | 0.00 | 20420901 | 20833.34 | 0.00 | 0.00 | |
62 | 15 | 0.00 | 20420901 | 17500.00 | 2083.35 | 0.00 | |
63 | 20 | 0.00 | 20420901 | 22083.33 | 0.00 | 0.00 | |
64 | 0 | 0.00 | 20420901 | 2054.00 | 0.00 | 0.00 | |
65 | 13.25 | 0.00 | 20420901 | 50310.00 | 19472.50 | 0.00 | |
66 | 25.5 | 0.00 | 20420901 | 17094.18 | 0.00 | 0.00 | |
67 | 32 | 24 | 0.00 | 20420901 | 11362.00 | 0.00 | 0.00 |
68 | 27 | 20 | 0.00 | 20420901 | 9373.51 | 0.00 | 0.00 |
69 | 15 | 0.00 | 20420901 | 55276.77 | 0.00 | 0.00 | |
70 | 12 | 0.00 | 20420901 | 19260.32 | 0.00 | 0.00 | |
71 | 17 | 0.00 | 20420801 | 64710.05 | 0.00 | 0.00 |
168 | 169 | 170 | 171 | 172 | 173 | |
Co-Borrower Wage Income (Salary) | Co-Borrower Wage Income (Bonus) | Co-Borrower Wage Income (Commission) | Originator Doc Code | RWT Income Verification | RWT Asset Verification | |
1 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
2 | 19351.83 | 0.00 | 0.00 | Full | Two Years | Two Months |
3 | 9189.81 | 0.00 | 0.00 | Full | Two Years | Two Months |
4 | 5417.00 | 0.00 | 9903.00 | Full | Two Years | Two Months |
5 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
6 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
7 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
8 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
9 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
10 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
11 | 1946.70 | 0.00 | 0.00 | Full | Two Years | Two Months |
12 | 864.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
13 | 3339.24 | 0.00 | 0.00 | Full | Two Years | Two Months |
14 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
15 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
16 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
17 | 3166.66 | 0.00 | 0.00 | Full | Two Years | Two Months |
18 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
19 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
20 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
21 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
22 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
23 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
24 | 349.60 | 0.00 | 0.00 | Full | Two Years | Two Months |
25 | 17848.42 | 0.00 | 0.00 | Full | Two Years | Two Months |
26 | Full | Two Years | Two Months | |||
27 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
28 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
29 | 4801.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
30 | Full | Two Years | Two Months | |||
31 | 12500.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
32 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
33 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
34 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
35 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
36 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
37 | Full | Two Years | Two Months | |||
38 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
39 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
40 | 6407.81 | 0.00 | 0.00 | Full | Two Years | Two Months |
41 | 4895.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
42 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
43 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
44 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
45 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
46 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
47 | 4705.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
48 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
49 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
50 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
51 | 9580.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
52 | Full | Two Years | Two Months | |||
53 | 9126.00 | 937.50 | 0.00 | Full | Two Years | Two Months |
54 | Full | Two Years | Two Months | |||
55 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
56 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
57 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
58 | Full | Two Years | Two Months | |||
59 | 12190.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
60 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
61 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
62 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
63 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
64 | 941.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
65 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
66 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
67 | 8667.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
68 | 18050.96 | 0.00 | 0.00 | Full | Two Years | Two Months |
69 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
70 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
71 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
ASF RMBS DISCLOSURE PACKAGE
The American Securitization Forum is a broad-based professional forum through which participants in the U.S. securitization market advocate their common interests on important legal, regulatory and market practice issues. ASF members include over 380 firms, including issuers, investors, servicers, financial intermediaries, rating agencies, financial guarantors, legal and accounting firms, and other professional organizations involved in securitization transactions. The ASF also provides information, education and training on a range of securitization market issues and topics through industry conferences, seminars and similar initiatives. For more information about ASF, its members and activities, please go to www.americansecuritization.com.
Field Number |
Field Name | Field Description | Type of Field |
Data Type | Sample Data | Format | When Applicable? |
Valid Values | Proposed Unique Coding |
Notes |
1 | Primary Servicer | The MERS Organization ID of the company that has or will have the right to service the loan. | General Information | Numeric – Integer | 2351805 | 9(7) | Always | “9999999” if Unknown | ||
2 | Servicing Fee—Percentage | Aggregate monthly fee paid to all servicers, stated in decimal form. | General Information | Numeric - Decimal | 0.0025 | 9.999999 | Loans without flat-dollar servicing fees | >= 0 and < 1 | Must be populated if Field 3 is Null | |
3 | Servicing Fee—Flat-dollar | Aggregate monthly fee paid to all servicers, stated as a dollar amount. | General Information | Numeric – Decimal | 7.5 | 9(3).99 | Loans with flat-dollar servicing fees | >= 0 and <= 999 |
Must be populated if 2 is Null | |
4 | Servicing Advance Methodology | The manner in which principal and/or interest are to be advanced by the servicer. | General Information | Numeric – Integer | 2 | 99 | Always | See Coding | 1 = Scheduled Interest, Scheduled Principal 2 = Actual Interest, Actual Principal 3 = Scheduled Interest, Actual Principal 99 = Unknown |
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5 | Originator | The MERS Organization ID of the entity that lends funds to the borrower and, in return, places a lien on the mortgage property as collateral. | General Information | Numeric – Integer | 5938671 | 9(7) | Always | “9999999” if Unknown | ||
6 | Loan Group | Indicates the collateral group number in which the loan falls (for structures with multiple collateral groups). Use “1” if there is only one loan group. | General Information | Text | 1A | XXXX | Always | “UNK” if Unknown | ||
7 | Loan Number | Unique National Mortgage Loan ID Number (Vendor TBD). | General Information | Numeric – Integer | TBD | TBD | Always | TBD | Details to be provided by Vendor | |
8 | Amortization Type | Indicates whether the loan’s interest rate is fixed or adjustable (Hybrid ARMs are adjustable). | Loan Type | Numeric – Integer | 2 | 99 | Always | See Coding | 1 = Fixed 2 = Adjustable 99 = Unknown |
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9 | Lien Position | A number indicating the loan’s lien position (1 = first lien, etc.). | Loan Type | Numeric – Integer | 1 | 99 | Always | >0 | 99 = Unknown | |
10 | HELOC Indicator | Indicates whether the loan is a home equity line of credit. | Loan Type | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
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11 | Loan Purpose | Indicates the purpose of the loan. | Loan Type | Numeric – Integer | 9 | 99 | Always | See Coding | See Appendix A | |
12 | Cash Out Amount | Cash Out
Amount: [New Loan] – [PIF Prior First Lien] – [Payoff of all Seasoned Seconds] – [Closing Costs] –
[Prepays] For delayed purchases (refinances on homes purchased < 12 months prior to the mortgage application) with cash) Cash Out Amount = 0. |
Loan Type | Numeric – Decimal | 72476.5 | 9(10).99 | Always | >= 0 | ||
13 | Total Origination and Discount Points (in dollars) | Amount paid to the lender to increase the lender’s effective yield and, in the case of discount points, to reduce the interest rate paid by the borrower. | Loan Type | Numeric – Decimal | 5250 | 9(10).99 | Always | >= 0 | Typically Lines 801 and 802 of HUD Settlement Statement | |
14 | Covered/High Cost Loan Indicator | Indicates whether the loan is categorized as “high cost” or “covered” according to state or federal statutes or regulations. | Loan Type | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
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15 | Relocation Loan Indicator | Indicates whether the loan is part of a corporate relocation program. | Loan Type | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
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16 | Broker Indicator | Indicates whether a broker took the application. | Loan Type | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
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17 | Channel | Code indicating the source (channel) from which the Issuer obtained the mortgage loan. | Loan Type | Numeric – Integer | 2 | 99 | Always | See Coding | 1 = Retail 2 = Broker 3 = Correspondent Bulk 4 = Correspondent Flow with delegated underwriting 5 = Correspondent Flow without delegated underwriting 99 = Unknown |
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18 | Escrow Indicator | Indicates whether various homeownership expenses are paid by the borrower directly or through an escrow account (as of securitization cut-off date). | Loan Type | Numeric – Integer | 3 | 99 | Always | See Coding | 0 = No Escrows 1 = Taxes 2 = Insurance 3 = HOA dues 4 = Taxes and Insurance 5 = All 99 =Unknown |
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19 | Senior Loan Amount(s) | For non-first mortgages, the sum of the balances of all associated senior mortgages at the time of origination of the subordinate lien. | Mortgage Lien Info | Numeric – Decimal | 611004.25 | 9(10).99 | If Lien Position > 1 | >= 0 | ||
20 | Loan Type of Most Senior Lien | For non-first mortgages, indicates whether the associated first mortgage is a Fixed, ARM, Hybrid, or negative amortization loan. | Mortgage Lien Info | Numeric – Integer | 2 | 99 | If Lien Position > 1 | See Coding | 1 = Fixed Rate 2 = ARM 3 = Hybrid 4 = Neg Am 99 = Unknown |
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21 | Hybrid Period of Most Senior Lien (in months) | For non-first mortgages where the associated first mortgage is a hybrid ARM, the number of months remaining in the initial fixed interest rate period for the hybrid first mortgage. | Mortgage Lien Info | Numeric – Integer | 23 | 999 | If Lien Position > 1 AND the most senior lien is a hybrid ARM (see Field 20) |
>= 0 | ||
22 | Neg Am Limit of Most Senior Lien | For non-first mortgages where the associated first mortgage features negative amortization, the maximum percentage by which the negatively amortizing balance may increase (expressed as a proportion of the senior lien’s original balance). | Mortgage Lien Info | Numeric – Decimal | 1.25 | 9.999999 | If Lien Position > 1 AND the senior lien is Neg Am (see Field 20) |
>= 1 and <= 2 | ||
23 | Junior Mortgage Balance | For first mortgages with subordinate liens at the time of origination, the combined balance of the subordinate liens (if known). | Mortgage Lien Info | Numeric – Decimal | 51775.12 | 9(10).99 | If Lien Position = 1 and there is a 2nd lien on the subject property | >= 0 | Subject to Regulatory Confirmation | |
24 | Origination Date of Most Senior Lien | For non-first mortgages, the origination date of the associated first mortgage. | Mortgage Lien Info | Date | 20090914 | YYYYMMDD | If Lien Position > 1 and there is a 2nd lien on the subject property | “19010101” if unknown | ||
25 | Origination Date | The date of the Mortgage Note and Mortgage/Deed of Trust | Loan Term and Amortization Type | Date | 20090914 | YYYYMMDD | Always | “19010101” if unknown | ||
26 | Original Loan Amount | The dollar amount of the mortgage loan, as specified on the mortgage note at the time of the loan’s origination. For HELOCs, the maximum available line of credit. | Loan Term and Amortization Type | Numeric – Decimal | 150000 | 9(10).99 | Always | >0 | ||
27 | Original Interest Rate | The original note rate as indicated on the mortgage note. | Loan Term and Amortization Type | Numeric – Decimal | 0.0475 | 9.999999 | Always | > 0 and <= 1 | ||
28 | Original Amortization Term | The number of months in which the loan would be retired if the amortizing principal and interest payment were to be paid each month. | Loan Term and Amortization Type | Numeric – Integer | 360 | 999 | Always | >= 60 | ||
29 | Original Term to Maturity | The initial number of months between loan origination and the loan maturity date, as specified on the mortgage note. | Loan Term and Amortization Type | Numeric – Integer | 60 | 999 | Always | >0 | N/A | |
30 | First Payment Date of Loan | The date of the first scheduled mortgage payment to be made by the borrower as specified on the mortgage note. | Loan Term and Amortization Type | Date | 20090914 | YYYYMMDD | Always | “19010101” if unknown | N/A | |
31 | Interest Type Indicator | Indicates whether the interest rate calculation method is simple or actuarial. | Loan Term and Amortization Type | Numeric – Integer | 2 | 99 | Always | See Coding | 1= Simple 2 = Actuarial 99 = Unknown |
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32 | Original Interest Only Term | Original interest-only term for a loan in months (including NegAm Loans). | Loan Term and Amortization Type | Numeric – Integer | 60 | 999 | Always | >= 0 and <= 240 Unknown = Blank; No Interest Only Term = 0 |
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33 | Buy Down Period | The total number of months during which any buy down is in effect, representing the accumulation of all buy down periods. | Loan Term and Amortization Type | Numeric – Integer | 65 | 999 | Always | >= 0 and <= 100 Unknown = Blank; No Buy Down = 0 |
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34 | HELOC Draw Period | The original number of months during which the borrower may draw funds against the HELOC account. | Loan Term and Amortization Type | Numeric – Integer | 24 | 999 | HELOCs Only | >= 12 and <= 120 | ||
35 | Scheduled Loan Amount | Mortgage loan scheduled principal balance as of cut-off date. For HELOCs, the current drawn amount. | Loan Term and Amortization Type | Numeric – Decimal | 248951.19 | 9(10).99 | Always | >= 0 | ||
36 | Current Interest Rate | The interest rate used to calculate the current P&I or I/O payment. | Loan Term and Amortization Type | Numeric – Decimal | 0.05875 | 9.999999 | Always | > 0 and <= 1 | ||
37 | Current Payment Amount Due | Next Total Payment due to be collected (including principal, interest or both—but Exclude Escrow Amounts). | Loan Term and Amortization Type | Numeric – Decimal | 1250.15 | 9(10).99 | Always | > 0 | ||
38 | Scheduled
Interest Paid Through Date |
Loan Term and Amortization Type | Date | 20090429 | YYYYMMDD | Always | “19010101” if unknown | |||
39 | Current Payment Status | Number of payments the borrower is past due as of the securitization cut-off date. | Loan Term and Amortization Type | Numeric – Integer | 3 | 99 | Always | >= 0 | ||
40 | Index Type | Specifies the type of index to be used to determine the interest rate at each adjustment. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 18 | 99 | ARMs Only | See Coding | See Appendix B | |
41 | ARM Look-back Days | The number of days prior to the interest rate adjustment date to retrieve the index value. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 45 | 99 | ARMs Only | >= 0 to <=99 | ||
42 | Gross Margin | The percentage stated on the mortgage note representing the spread between the ARM Index value and the mortgage interest rate. The gross mortgage margin is added to the index value to establish a new gross interest rate in the manner prescribed on the mortgage note. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.03 | 9.999999 | ARMs Only | >0 and <= 1 | ||
43 | ARM Round Flag | An indicator of whether an adjusted interest rate is rounded to the next higher ARM round factor, to the next lower round factor, or to the nearest round factor. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 3 | 9 | ARMs Only | See Coding | 0 = No Rounding 1 = Up 2 = Down 3 = Nearest 99=Unknown |
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44 | ARM Round Factor | The percentage to which an adjusted interest rate is to be rounded. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.0025 or 0.00125 | 9.999999 | ARMs Only Where ARM Round Flag = 1, 2, or 3 |
>= 0 and < 1 | ||
45 | Initial Fixed Rate Period | For hybrid ARMs, the period between the first payment date of the mortgage and the first interest rate adjustment date. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 60 | 999 | Hybrid ARMs Only | >= 1 to <=240 | ||
46 | Initial Interest Rate Cap (Change Up) | The maximum percentage by which the mortgage note rate may increase at the first interest rate adjustment date. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.02 | 9.999999 | ARMs Only | >= 0 and <= 1 | 99=no cap | |
47 | Initial Interest Rate Cap (Change Down) | The maximum percentage by which the mortgage note rate may decrease at the first interest rate adjustment date. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.02 | 9.999999 | ARMs Only | >= 0 and <= 1 | 99=no cap | |
48 | Subsequent Interest Rate Reset Period | The number of months between subsequent rate adjustments. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 60 | 999 | ARMs Only | >=0 and <= 120 | 0 = Loan does not adjust after initial reset | |
49 | Subsequent Interest Rate (Change Down) | The maximum percentage by which the interest rate may decrease at each rate adjustment date after the initial adjustment. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.02 | 9.999999 | ARMs Only | >= 0 and <= 1 | 99=no cap | |
50 | Subsequent Interest Rate Cap (Change Up) | The maximum percentage by which the interest rate may increase at each rate adjustment date after the initial adjustment. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.02 | 9.999999 | ARMs Only | >= 0 and <= 1 | 99=no cap | |
51 | Lifetime Maximum Rate (Ceiling) | The maximum interest rate that can be in effect during the life of the loan. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.125 | 9.999999 | ARMs Only | >= 0 and <= 1 | =1 if no ceiling specified | |
52 | Lifetime Minimum Rate (Floor) | The minimum interest rate that can be in effect during the life of the loan. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.015 | 9.999999 | ARMs Only | >= 0 and <= 1 | If no floor is specified enter the greater of the margin or 0. | |
53 | Negative Amortization Limit | The maximum amount of negative amortization allowed before recast is required. (Expressed as a percentage of the original unpaid principal balance.) | Negative Amortization | Numeric – Decimal | 1.25 | 9.999999 | Negatively Amortizing ARMs Only | >=0, and <2 | ||
54 | Initial Negative Amortization Recast Period | The number of months in which the payment is required to recast if the loan does not reach the prescribed maximum balance earlier. | Negative Amortization | Numeric – Integer | 60 | 999 | Negatively Amortizing ARMs Only | >=0 | ||
55 | Subsequent Negative Amortization Recast Period | The number of months after which the payment is required to recast AFTER the first recast period. | Negative Amortization | Numeric – Integer | 48 | 999 | Negatively Amortizing ARMs Only | >=0 | ||
56 | Initial Fixed Payment Period | Number of months after origination during which the payment is fixed. | Negative Amortization | Numeric – Integer | 60 | 999 | Negatively Amortizing Hybrid ARMs Only | >= 0 to <=120 | ||
57 | Subsequent Payment Reset Period | Number of months between payment adjustments after first payment reset. | Negative Amortization | Numeric – Integer | 12 | 999 | Negatively Amortizing ARMs Only | >= 0 to <=120 | ||
58 | Initial Periodic Payment Cap | The maximum percentage by which a payment can change (increase or decrease) in the first period. | Negative Amortization | Numeric – Decimal | 0.075 | 9.999999 | Negatively Amortizing ARMs Only | >= 0 and < 1 | ||
59 | Subsequent Periodic Payment Cap | The maximum percentage by which a payment can change (increase or decrease) in one period after the initial cap. | Negative Amortization | Numeric – Decimal | 0.075 | 9.999999 | Negatively Amortizing ARMs Only | >= 0 and < 1 | ||
60 | Initial Minimum Payment Reset Period | The maximum number of months a borrower can initially pay the minimum payment before a new minimum payment is determined. | Negative Amortization | Numeric – Integer | 12 | 999 | Negatively Amortizing ARMs Only | >= 0 to <=120 | ||
61 | Subsequent Minimum Payment Reset Period | The maximum number of months (after the initial period) a borrower can pay the minimum payment before a new minimum payment is determined after the initial period. | Negative Amortization | Numeric – Integer | 12 | 999 | Negatively Amortizing ARMs Only | >= 0 to <=120 | ||
62 | Option ARM Indicator | An indicator of whether the loan is an Option ARM. | Negative Amortization | Numeric – Integer | 1 | 99 | ARMs Only | See Coding | 0 = No 1 = Yes 99 = Unknown |
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63 | Options at Recast | The means of computing the lowest monthly payment available to the borrower after recast. | Option ARM | Numeric – Integer | 2 | 99 | Option ARMs Only | N/A | 1= Fully amortizing 30 year 2= Fully amortizing 15 year 3=Fully amortizing 40 year 4 = Interest-Only 5 = Minimum Payment 99= Unknown |
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64 | Initial Minimum Payment | The initial minimum payment the borrower is permitted to make. | Option ARM | Numeric – Decimal | 879.52 | 99 | Option ARMs Only | >=0 | ||
65 | Current Minimum Payment | Current Minimum Payment (in dollars). | Negative Amortization | Numeric – Decimal | 250 | 9(10).99 | Option ARMs Only | >= 0 | ||
66 | Prepayment Penalty Calculation | A description of how the prepayment penalty would be calculated during each phase of the prepayment penalty term. | Prepayment Penalties | Numeric – Integer | 12 | 99 | Always | See Coding | See Appendix C | |
67 | Prepayment Penalty Type | • Hard: The prepayment penalty is incurred regardless of the reason the loan is prepaid in full. • Hybrid: The prepayment penalty can be characterized as hard for a certain amount of time and as soft during another period. |
Prepayment Penalties | Numeric – Integer | 1 | 99 | All loans with Prepayment Penalties (i.e., loans for which Field 66 = something other than “0”) | See Coding | 1 = Hard 2 = Soft 3 = Hybrid 99 = Unknown |
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68 | Prepayment Penalty Total Term | The total number of months that the prepayment penalty may be in effect. | Prepayment Penalties | Numeric – Integer | 60 | 999 | All loans with Prepayment Penalties (i.e., loans for which Field 66 = something other than “0”) | >0 to <=120 | ||
69 | Prepayment Penalty Hard Term | For hybrid prepayment penalties, the number of months during which a “hard” prepayment penalty applies. | Prepayment Penalties | Numeric – Integer | 12 | 999 | Loans with Hybrid Prepayment Penalties (i.e., loans for which Field 67 = “3”) | >= 0 to <=120 | ||
70 | Primary Borrower ID | A lender-generated ID number for the primary borrower on the mortgage | Borrower | Numeric—Integer | 123456789 | 999999999 | Always | >0 | Used to identify the number of times a single borrower appears in a given deal. | |
71 | Number of Mortgaged Properties | The number of residential properties owned by the borrower that currently secure mortgage loans. | Borrower | Numeric – Integer | 1 | 99 | Always | > 0 | ||
72 | Total Number of Borrowers | The number of Borrowers who are obligated to repay the mortgage note. | Borrower | Numeric – Integers | 2 | 99 | Always | > 0 | ||
73 | Self-employment Flag | An indicator of whether the primary borrower is self-employed. | Borrower | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
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74 | Current ‘Other’ Monthly Payment | The aggregate of all payments pertaining to the subject property other than principal and interest (includes common charges, condo fees, T&I, HOA, etc.), whether escrowed or not. | Loan Term and Amortization Type | Numeric – Decimal | 1789.25 | 9(10).99 | Always | > 0 | ||
75 | Length of Employment: Borrower | The number of years of service with the borrower’s current employer as of the date of the loan. | Borrower Qualification | Numeric – Decimal | 3.5 | 99.99 | Always | >=0 | 99 = Retired, None employment income soure (social security, trust income, dividends, etc.) | |
76 | Length of Employment: Co-Borrower | The number of years of service with the co-borrower’s current employer as of the date of the loan. | Borrower Qualification | Numeric – Decimal | 3.5 | 99.99 | If “Total Number of Borrowers” > 1 | >= 0 | 99 = Retired, None employment income soure (social security, trust income, dividends, etc.) | |
77 | Years in Home | Length of time that the borrower has been at current address. | Borrower Qualification | Numeric – Decimal | 14.5 | 99.99 | Refinances of Primary Residences Only (Loan Purpose = 1, 2, 3, 4, 8 or 9) | > 0 | ||
78 | FICO Model Used | Indicates whether the FICO score was calculated using the Classic, Classic 08, or Next Generation model. | Borrower Qualification | Numeric – Integer | 1 | 99 | If a FICO score was obtained | See Coding | 1 = Classic 2 = Classic 08 3 = Next Generation 99 = Unknown |
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79 | Most Recent FICO Date | Specifies the date on which the most recent FICO score was obtained | Borrower Qualification | Date | 20090914 | YYYYMMDD | If a FICO score was obtained | “19010101” if unknown | Issuers unable to Provide may Rep and Warrant that the FICO score used for underwriting was not more than 4 months old at the date of issuance. | |
80 | Primary Wage Earner Original FICO: Equifax | Equifax FICO score for primary borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a FICO score was obtained | >= 350 and <= 850 | ||
81 | Primary Wage Earner Original FICO: Experian | Experian FICO score for primary borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a FICO score was obtained | >= 350 and <= 850 | ||
82 | Primary Wage Earner Original FICO: TransUnion | TransUnion FICO score for primary borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a FICO score was obtained | >= 350 and <= 850 | ||
83 | Secondary Wage Earner Original FICO: Equifax | Equifax FICO score for Co-borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If “Total Number of Borrowers” > 1 | >= 350 and <= 850 | ||
84 | Secondary Wage Earner Original FICO: Experian | Experian FICO score for Co-borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If “Total Number of Borrowers” > 1 | >= 350 and <= 850 | ||
85 | Secondary Wage Earner Original FICO: TransUnion | TransUnion FICO score for Co-borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If “Total Number of Borrowers” > 1 | >= 350 and <= 850 | ||
86 | Most Recent Primary Borrower FICO | Most Recent Primary Borrower FICO score used by the lender to approve the loan. | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a FICO score was obtained | >= 350 and <= 850 | ||
87 | Most Recent Co-Borrower FICO | Most Recent Co-Borrower FICO score used by the lender to approve the loan. | Borrower Qualification | Numeric – Integer | 720 | 9999 | If “Total Number of Borrowers” > 1 | >= 350 and <= 850 | ||
88 | Most Recent FICO Method | Number of credit repositories used to update the FICO Score. | Borrower Qualification | Numeric – Integer | 2 | 9 | If a FICO score was obtained | >0 | ||
89 | VantageScore: Primary Borrower | Credit Score for the Primary Borrower used to approve the loan and obtained using the Vantage credit evaluation model. | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a Vantage Credit Score was obtained | >= 501 and <= 990 | ||
90 | VantageScore: Co-Borrower | Credit Score for the Co-borrower used to approve the loan and obtained using the Vantage credit evaluation model. | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a VantageScore was obtained AND “Total Number of Borrowers” > 1 | >= 501 and <= 990 | ||
91 | Most Recent VantageScore Method | Number of credit repositories used to update the Vantage Score. | Borrower Qualification | Numeric – Integer | 2 | 9 | If a Vantage Credit Score was obtained | >0 | ||
92 | VantageScore Date | Date Vantage Credit Score was obtained. | Borrower Qualification | Date | 20090914 | YYYYMMDD | If a Vantage Credit Score was obtained | “19010101” if unknown | ||
93 | Credit Report: Longest Trade Line | The length of time in months that the oldest active trade line, installment or revolving, has been outstanding. For a loan with more than one borrower, populate field based on status for the primary borrower. | Borrower Qualification | Numeric – Integer | 999 | 999 | Always | > =0 | Subject to Regulatory Confirmation | |
94 | Credit Report: Maximum Trade Line | The dollar amount for the trade line, installment or revolving, with the largest unpaid balance. For revolving lines of credit, e.g. credit card, the dollar amount reported should reflect the maximum amount of credit available under the credit line whether used or not. For a loan with more than one borrower, populate field based on status for the primary borrower. | Borrower Qualification | Numeric – Decimal | 339420.19 | 9(10).99 | Always | >=0 | Subject to Regulatory Confirmation | |
95 | Credit Report: Number of Trade Lines | A count of non-derogatory, currently open and active, consumer trade lines (installment or revolving) for the borrower. For a loan with more than one borrower, populate field based on status for the primary borrower. | Borrower Qualification | Numeric – Integer | 57 | 999 | Always | >=0 | Subject to Regulatory Confirmation | |
96 | Credit Line Usage Ratio | Sum of credit balances divided by sum of total open credit available. | Borrower Qualification | Numeric – Decimal | 0.27 | 9.999999 | Always | >= 0 and <= 1 | Subject to Regulatory Confirmation | |
97 | Most Recent 12-month Pay History | String indicating the payment status per month listed from oldest to most recent. | Borrower Qualification | Text | 77X123200001 | X(12) | Always | See Coding | 0 = Current 1 = 30-59 days delinquent 2 = 60-89 days delinquent 3 = 90-119 days delinquent 4 = 120+ days delinquent 5 = Foreclosure 6 = REO 7 = Loan did not exist in period X = Unavailable |
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98 | Months Bankruptcy | Number of months since any borrower was discharged from bankruptcy. (Issuers unable to provide this information may rep and warrant that at least x years—as specified in the loan program—have passed since most recent discharge from bankruptcy.) | Borrower Qualification | Numeric – Integer | 12 | 999 | If Borrower has ever been in Bankruptcy | >= 0 | Blank = Borrower is not known to have been in bankruptcy | |
99 | Months Foreclosure | Number of months since foreclosure sale date. (Issuers unable to provide this information may rep and warrant that at least x years—as specified in the loan program— have passed since most recent foreclosure.) | Borrower Qualification | Numeric – Integer | 12 | 999 | If Borrower has ever been in Foreclosure | >= 0 | Blank = Borrower is not known to have been in foreclosure | |
100 | Primary Borrower Wage Income | Monthly base wage income for primary borrower. | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | Always | >= 0 | ||
101 | Co-Borrower Wage Income | Monthly base wage income for all other borrowers. | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | If “Total Number of Borrowers” > 1 | >= 0 | ||
102 | Primary Borrower Other Income | Monthly Other (non-wage) income for primary borrower. (This figure should include net rental income and be reduced by any net rental loss.) | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | Always | >= 0 | ||
103 | Co-Borrower Other Income | Monthly Other (non-wage) income for all other borrowers. (This figure should include net rental income and be reduced by any net rental loss.) | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | If “Total Number of Borrowers” > 1 | >= 0 | ||
104 | All Borrower Wage Income | Monthly income of all borrowers derived from base salary only. | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | Always | >= 0 | ||
105 | All Borrower Total Income | Monthly income of all borrowers derived from base salary, commission, tips and gratuities, overtime and bonuses, part-time or second-job earnings, alimony, child support, interest and dividend income, notes receivable, trust income, net rental income, retirement income, social security, veterans income, military income, foster care income, and self-employed income. | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | Always | >= 0 | ||
106 | 4506-T Indicator | A yes/no indicator of whether a Transcript of Tax Return (received pursuant to the filing of IRS Form 4506-T) was obtained and considered. | Borrower Qualification | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
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107 | Borrower Income Verification Level | A code indicating the extent to which the borrower’s income has been verified: Level 4 Income Verification = [W-2 (Prev. Yr.) OR TAX RETURNS* (Prev. Yr.)] AND PAY STUBS (YTD (at least one month)–if salaried) Level 5 Income Verification = 24 months income verification (W-2s, pay stubs, bank statements and/or tax returns**) *For self-employed
borrowers: Level 4 Income Verification:
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Borrower Qualification | Numeric – Integer | 1 | 9 | Always | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, “Level 4” Verified (as defined) 5 = Stated, “Level 5” Verified (as defined) |
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108 | Co-Borrower Income Verification | A code indicating the extent to which the co-borrower’s income has been verified: Level 4 Income Verification = [W-2 (Prev. Yr.) OR TAX RETURNS* (Prev. Yr.)] AND PAY STUBS (YTD (at least one month)–if salaried) Level 5 Income Verification = 24 months income verification (W-2s, pay stubs, bank statements and/or tax returns**) *For self-employed borrowers:
Level 4 Income Verification: |
Borrower Qualification | Numeric – Integer | 2 | 9 | If “Total Number of Borrowers” > 1 | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, “Level 4” Verified (as defined) 5 = Stated, “Level 5” Verified (as defined) |
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109 | Borrower Employment Verification | A code indicating the extent to which the primary borrower’s employment has been verified: Level 3 Verified = Direct Independent Verification with a third party of the borrower’s current employment. |
Borrower Qualification | Numeric – Integer | 2 | 9 | Always | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, Level 3 Verified (as defined) |
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110 | Co-Borrower Employment Verification | A code indicating the extent to which the co-borrower’s employment has been verified: Level 3 Verified = Direct Independent Verification with a third party of the co-borrower’s current employment. |
Borrower Qualification | Numeric – Integer | 1 | 9 | If “Total Number of Borrowers” > 1 | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, Level 3 Verified (as defined) |
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111 | Borrower Asset Verification | A code indicating the extent to which the primary borrower’s assets used to qualify the loan have been verified: Level 4 Verified = 2 months of bank statements/balance documentation (written or electronic) for liquid assets (or gift letter). |
Borrower Qualification | Numeric – Integer | 3 | 9 | Always | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, Level 4 Verified (as defined) |
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112 | Co-Borrower Asset Verification | A code indicating the extent to which the co-borrower’s assets used to qualify the loan have been verified: Level 4 = 2 months of bank statements/balance documentation (written or electronic) for liquid assets (or gift letter). |
Borrower Qualification | Numeric – Integer | 2 | 9 | If “Total Number of Borrowers” > 1 | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, Level 4 Verified (as defined) |
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113 | Liquid / Cash Reserves | The actual dollar amount of remaining verified liquid assets after settlement. (This should not include cash out amount of subject loan.) | Borrower Qualification | Numeric – Decimal | 3242.76 | 9(9).99 | Always | >= 0 | ||
114 | Monthly Debt All Borrowers | The aggregate monthly payment due on other debt (excluding only installment loans with fewer than 10 payments remaining and other real estate loans used to compute net rental income-- which is added/subtracted in the income fields). | Borrower Qualification | Numeric – Decimal | 3472.43 | 9(9).99 | Always | >= 0 | ||
115 | Originator DTI | Total Debt to income ratio used by the originator to qualify the loan. | Borrower Qualification | Numeric – Decimal | 0.35 | 9.999999 | Always | >= 0 and >= 1 | ||
116 | Fully Indexed Rate | The fully indexed interest rate as of securitization cut-off. | Borrower Qualification | Numeric – Decimal | 0.0975 | 9.999999 | ARMs Only | >= 0 and >= 1 | ||
117 | Qualification Method | Type of mortgage payment used to qualify the borrower for the loan. | Borrower Qualification | Numeric – Integer | 3 | 99 | Always | See Coding | 1 = Start Rate 2 = First Year Cap Rate 3 = I/O Amount 4 = Fully Indexed 5 = Min Payment 98 = Other 99 = Unknown |
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118 | Percentage of Down Payment from Borrower Own Funds | Include only borrower funds, do not include any gift or borrowed funds. (Issuers may provide the actual percentage for each loan, or the guideline percentage and note departure concentration on the transaction summary.) | Borrower Qualification | Numeric – Decimal | 0.5 | 9.999999 | Purchase Loans Only | >= 0 and >= 1 | ||
119 | City | The name of the city. | Subject Property | Text | New York | X(45) | Always | Unk=Unknown | ||
120 | State | The name of the state as a 2-digit Abbreviation. | Subject Property | Text | NY | XX | Always | See Coding | See Appendix H | |
121 | Postal Code | The postal code (zip code in the US) where the subject property is located. | Subject Property | Text | 10022 | X(5) | Always | Unk=Unknown | ||
122 | Property Type | Specifies the type of property being used to secure the loan. | Subject Property | Numeric – Integer | 11 | 99 | Always | See Coding | See Appendix D | |
123 | Occupancy | Specifies the property occupancy status (e.g., owner-occupied, investment property, second home, etc.). | Subject Property | Numeric – Integer | 4 | 9 | Always | See Coding | See Appendix E | |
124 | Sales Price | The negotiated price of a given property between the buyer and seller. | Subject Property | Numeric – Decimal | 450000.23 | 9(10).99 | Purchase Loans Only | > 0 | ||
125 | Original Appraised Property Value | The appraised value of the property used to approve the loan. | Subject Property | Numeric – Decimal | 550000.23 | 9(10).99 | Always | > 0 | ||
126 | Original Property Valuation Type | Specifies the method by which the property value (at the time of underwriting) was reported. | Subject Property | Numeric – Integer | 8 | 99 | Always | See Coding | See Appendix F | |
127 | Original Property Valuation Date | Specifies the date on which the original property value (at the time of underwriting) was reported. (Issuers unable to provide may Rep and Warrant that the appraisal used for underwriting was not more than x days old at time of loan closing.) | Subject Property | Date | 20090914 | YYYYMMDD | Always | “19010101” if unknown | ||
128 | Original Automated Valuation Model (AVM) Model Name | The name of the AVM Vendor if an AVM was used to determine the original property valuation. | Subject Property | Numeric – Integer | 1 | 99 | Always | See Appendix I | See Appendix I | |
129 | Original AVM Confidence Score | The confidence range presented on the AVM report. | Subject Property | Numeric – Decimal | 0.74 | 9.999999 | If AVM Model Name (Field 127) > 0 | >= 0 to <= 1 | ||
130 | Most Recent Property Value[1] | If a valuation was obtained subsequent to the valuation used to calculate LTV, the most recent property value. | Subject Property | Numeric – Decimal | 500000 | 9(10).99 | If updated value was obtained subsequent to loan approval | > 0 | ||
131 | Most Recent Property Valuation Type | If an additional property valuation was obtained after the valuation used for underwriting purposes, the method by which the property value was reported. | Subject Property | Numeric – Integer | 6 | 9 | If updated value was obtained subsequent to loan approval | See Coding | See Appendix F | |
132 | Most Recent Property Valuation Date | Specifies the date on which the updated property value was reported. | Subject Property | Date | 20090914 | YYYYMMDD | If updated value was obtained subsequent to loan approval | “19010101” if unknown | ||
133 | Most Recent AVM Model Name | The name of the AVM Vendor if an AVM was used to determine the updated property valuation. | Subject Property | Numeric – Integer | 19 | 99 | If updated value was obtained subsequent to loan approval | See Coding | See Appendix I | |
134 | Most Recent AVM Confidence Score | If AVM used to determine the updated property valuation, the confidence range presented on the AVM report. | Subject Property | Numeric – Decimal | 0.85 | 9.999999 | If “Most Recent AVM Model Name” > 0 | >= 0 to <= 1 | ||
135 | Original CLTV | The ratio obtained by dividing the amount of all known outstanding mortgage liens on a property at origination by the lesser of the appraised value or the sales price. The value is then truncated to four decimal places. | Loan-to-Value (LTV) | Numeric – Decimal | 0.96 | 9.999999 | Always | >= 0 and <= 1.5 | ||
136 | Original LTV | The ratio obtained by dividing the original mortgage loan amount on the note date by the lesser of the mortgaged property’s appraised value on the note date or its purchase price. The value is then truncated to four decimal places. | Loan-to-Value (LTV) | Numeric – Decimal | 0.8 | 9.999999 | Always | >= 0 and <= 1.25 | ||
137 | Original Pledged Assets | The total value of assets pledged as collateral for the loan at the time of origination. Pledged assets may include cash or marketable securities. | Loan-to-Value (LTV) | Numeric – Decimal | 75000 | 9(10).99 | Always | >=0 | ||
138 | Mortgage Insurance Company Name | The name of the entity providing mortgage insurance for a loan. | Mortgage Insurance | Numeric – Integer | 3 | 99 | Always | See Coding | See Appendix G | |
139 | Mortgage Insurance Percent | Mortgage Insurance coverage percentage. | Mortgage Insurance | Numeric – Decimal | 0.25 | 9.999999 | “Mortgage Insurance Company Name” > 0 | >= 0 to <= 1 | ||
140 | MI: Lender or Borrower Paid? | An indicator of whether mortgage insurance is paid by the borrower or the lender. | Mortgage Insurance | Numeric – Integer | 1 | 99 | “Mortgage Insurance Company Name” > 0 | See Coding | 1 = Borrower-Paid 2 = Lender- Paid 99 = Unknown |
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141 | Pool Insurance Co. Name | Name of pool insurance provider. | Mortgage Insurance | Numeric – Integer | 8 | 99 | Always | See Coding | See Appendix G | |
142 | Pool Insurance Stop Loss % | The aggregate amount that a pool insurer will pay, calculated as a percentage of the pool balance. | Mortgage Insurance | Numeric – Decimal | 0.25 | 9.999999 | Pool MI Company > 0 | >= 0 to <= 1 | ||
143 | MI Certificate Number | The unique number assigned to each individual loan insured under an MI policy. | Mortgage Insurance | Text | 123456789G | X(20) | MI Company > 0 |
UNK = Unknown | ||
144 | Updated DTI (Front-end) |
Updated front-end DTI ratio (total monthly housing expense divided by total monthly income) used to qualify the loan modification. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.35 | 9.999999 | Modified Loans Only | >= 0 and >= 1 | ||
145 | Updated DTI (Back-end) |
Updated back-end DTI ratio (total monthly debt expense divided by total monthly income) used to qualify the loan modification. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.35 | 9.999999 | Modified Loans Only | >= 0 and >= 1 | ||
146 | Modification Effective Payment Date | Date of first payment due post modification. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Date | 20090914 | YYYYMMDD | Modified Loans Only | “19010101” if unknown | ||
147 | Total Capitalized Amount | Amount added to the principal balance of a loan due to the modification. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 12000 | 9(10).99 | Modified Loans Only | >= 0 | ||
148 | Total Deferred Amount | Any non-interest-bearing deferred amount (e.g., principal, interest and fees). | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 12000 | 9(10).99 | Modified Loans Only | >= 0 | ||
149 | Pre-Modification Interest (Note) Rate | Scheduled Interest Rate Of The Loan Immediately Preceding The Modification Effective Payment Date. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.075 | 9.999999 | Modified Loans Only | >= 0 to <= 1 | ||
150 | Pre-Modification P&I Payment | Scheduled Total Principal And Interest Payment Amount Preceding The Modification Effective Payment Date – or if servicer is no longer advancing P&I, the payment that would be in effect if the loan were current. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 2310.57 | 9(10).99 | Modified Loans Only | > 0 | ||
151 | Pre-Modification Initial Interest Rate Change Downward Cap | Maximum amount the rate can adjust downward on the first interest rate adjustment date (prior to modification) – Only provide if the rate floor is modified. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.015 | 9.999999 | Modified Loans Only | >= 0 to <= 1 | ||
152 | Pre-Modification Subsequent Interest Rate Cap | Maximum increment the rate can adjust upward AFTER the initial rate adjustment (prior to modification) – Only provide if the Cap is modified. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.015 | 9.999999 | Modified Loans Only | >= 0 to <= 1 | ||
153 | Pre-Modification Next Interest Rate Change Date | Next Interest Reset Date Under The Original Terms Of The Loan (one month prior to new payment due date). | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Date | 20090914 | YYYYMMDD | Modified Loans Only | “19010101” if unknown | ||
154 | Pre-Modification I/O Term | Interest Only Term (in months) preceding The Modification Effective Payment Date. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Integer | 36 | 999 | Modified Loans Only | >= 0 to <= 120 | ||
155 | Forgiven Principal Amount | The sum total of all principal balance reductions (as a result of loan modification) over the life of the loan. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 12000 | 9(10).99 | Modified Loans Only | >= 0 | ||
156 | Forgiven Interest Amount | The sum total of all interest incurred and forgiven (as a result of loan modification) over the life of the loan. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 12000 | 9(10).99 | Modified Loans Only | >= 0 | ||
157 | Number of Modifications | The number of times the loan has been modified. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Integer | 1 | 9 | Modified Loans Only | >= 0 | ||
158 | Cash To/From Brrw at Closing | Indicates
the amount of cash the borrower(s) paid into or received at closing. [HUD-1 Bottom Line] + [Earnest money] + [Paid Outside Closing Items] |
Numeric – Decimal | 100000.01 | 9(10).99 | |||||
159 | Brrw - Yrs at in Industry | Number of years the primary borrower has been working in their current industry | Numeric – Decimal | 9.9 | 9.999999 | |||||
160 | CoBrrw - Yrs at in Industry | Number of years the co-borrower has been working in their current industry | Numeric – Decimal | 8 | 9.999999 | |||||
161 | Junior Mortgage Drawn Amount | Applicable if the subject loan is a first mortgage. At the time of origination for the subject loan, the sum of the outstanding balance(s) for any junior mortgages (HELOCs and closed-end). | Numeric – Decimal | 100000.01 | 9(10).99 | |||||
162 | Maturity Date | Maturity date of mortgage | Date | 20420501 | YYYYMMDD | |||||
163 | Primary Borrower Wage Income (Salary) | The primary borrower's salary wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
164 | Primary Borrower Wage Income (Bonus) | The primary borrower's bonus wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
165 | Primary Borrower Wage Income (Commission) | The primary borrower's commission wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
166 | Co-Borrower Wage Income (Salary) | The coborrower's salary wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
167 | Co-Borrower Wage Income (Bonus) | The coborrower's bonus wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
168 | Co-Borrower Wage Income (Commission) | The coborrower's commission wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
169 | Originator Doc Code | Documentation Code value as presented by the seller. | Text | Full | XXXX | |||||
170 | RWT Income Verification | Internal Redwood Derived field. Due Diligence / Trade Desk derived value indicating the level of primary borrower asset verification | Text | 2 Years | XXXX | |||||
171 | RWT Asset Verification | Internal Redwood Derived field. Due Diligence / Trade Desk derived value indicating the level of primary borrower Income verification | Text | 2 Months | XXXX | |||||
MH-1 | Real Estate Interest | Indicates whether the property on which the manufactured home is situated is owned outright or subject to the terms of a short- or long-term lease. (A long-term lease is defined as a lease whose term is greater than or equal to the loan term.) | Manufactured Housing | Numeric – Integer | 2 | 99 | Manufactured Housing Loans Only | See Coding | 1 = Owned 2 = Short-term lease 3 = Long-term lease 99 = Unavailable |
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MH-2 | Community Ownership Structure | If the manufactured home is situated in a community, a means of classifying ownership of the community. | Manufactured Housing | Numeric – Integer | 2 | 99 | Manufactured Housing Loans Only | See Coding | 1 = Public Institutional 2 = Public Non-Institutional 3 = Private Institutional 4 = Private Non-Institutional 5 = HOA-Owned 6 = Non-Community 99 = Unavailable |
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MH-3 | Year of Manufacture | The year in which the home was manufactured (Model Year -- YYYY Format). Required only in cases where a full appraisal is not provided. | Manufactured Housing | Numeric – Integer | 2006 | YYYY | Manufactured Housing Loans Only | 1901 = Unavailable | ||
MH-4 | HUD Code Compliance Indicator (Y/N) | Indicates whether the home was constructed in accordance with the 1976 HUD code. In general, homes manufactured after 1976 comply with this code. | Manufactured Housing | Numeric – Integer | 1 | 9 | Manufactured Housing Loans Only | See Codes | 0 = No 1 = Yes 99 = Unavailable |
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MH-5 | Gross Manufacturer’s Invoice Price | The total amount that appears on the manufacturer’s invoice (typically includes intangible costs such as transportation, association, on-site setup, service and warranty costs, taxes, dealer incentives, and other fees). | Manufactured Housing | Numeric – Decimal | 72570.62 | 9(10).99 | Manufactured Housing Loans Only | >= 0 | ||
MH-6 | LTI (Loan-to-Invoice) Gross | The ratio of the loan amount divided by the Gross Manufacturer’s Invoice Price (Field MH-5). | Manufactured Housing | Numeric – Decimal | 0.75 | 9.999999 | Manufactured Housing Loans Only | >= 0 to <= 1 | ||
MH-7 | Net Manufacturer’s Invoice Price | The Gross Manufacturer’s Invoice Price (Field MH-5) minus intangible costs, including: transportation, association, on-site setup, service, and warranty costs, taxes, dealer incentives, and other fees. | Manufactured Housing | Numeric – Decimal | 61570.62 | 9(10).99 | Manufactured Housing Loans Only | >= 0 | ||
MH-8 | LTI (Net) | The ratio of the loan amount divided by the Net Manufacturer’s Invoice Price (Field MH-7). | Manufactured Housing | Numeric – Decimal | 0.62 | 9.999999 | Manufactured Housing Loans Only | >= 0 to <= 1 | ||
MH-9 | Manufacturer Name | The manufacturer of the subject property. (To be applied only in cases where no appraised value/other type of property valuation is available.) | Manufactured Housing | Text | “XYZ Corp” | Char (100) | Manufactured Housing Loans Only (where no appraised value is provided) | MH Manufacturer name in double quotation marks | ||
MH-10 | Model Name | The model name of the subject property. (To be applied only in cases where no appraised value/other type of property valuation is available.) | Manufactured Housing | Text | “DX5-916-X” | Char (100) | Manufactured Housing Loans Only (where no appraised value is provided) | MH Model name in double quotation marks | ||
MH-11 | Down Payment Source | An indicator of the source of the down payment used by the borrower to acquire the property and qualify for the mortgage. | Manufactured Housing | Numeric – Integer | 2 | 99 | Manufactured Housing Loans Only | See Codes | 1 = Cash 2 = Proceeds from trade in 3 = Land in Lieu 4 = Other 99 = Unavailable |
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MH-12 | Community/Related Party Lender (Y/N) | An indicator of whether the loan was made by the community owner, an affiliate of the community owner or the owner of the real estate upon which the collateral is located. | Manufactured Housing | Numeric – Integer | 1 | 99 | Manufactured Housing Loans Only | See Codes | 0 = No 1 = Yes 99 = Unavailable |
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MH-13 | Defined Underwriting Criteria (Y/N) | An indicator of whether the loan was made in accordance with a defined and/or standardized set of underwriting criteria. | Manufactured Housing | Numeric – Integer | 1 | 99 | Manufactured Housing Loans Only | See Codes | 0 = No 1 = Yes 99 = Unavailable |
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MH-14 | Chattel Indicator | An Indicator of whether the secured property is classified as chattel or Real Estate. | Manufactured Housing | Numeric – Integer | 1 | 99 | Manufactured Housing Loans Only | See Codes | 0 = Real
Estate 1 = Chattel 99 = Unavailable |
ATTACHMENT 2
PURCHASE AGREEMENT
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Page
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SECTION 1.
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Definitions
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1
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SECTION 2.
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Purchase and Conveyance
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16
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SECTION 3.
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Mortgage Loan Schedule
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16
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SECTION 4.
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Purchase Price
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16
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SECTION 5.
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Examination of Mortgage Files
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17
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SECTION 6.
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Delivery of Mortgage Loan Documents
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17
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Subsection 6.01
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Possession of Mortgage Files
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17
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Subsection 6.02
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Books and Records
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18
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Subsection 6.03
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Delivery of Mortgage Loan Documents
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18
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Subsection 6.04
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RESPA Notice and Helping Families Notice
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19
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SECTION 7.
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Representations, Warranties and Covenants; Remedies for Breach
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19
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Subsection 7.01
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Representations and Warranties Regarding Individual Mortgage Loans
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19
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Subsection 7.02
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Seller Representations and Covenants
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30
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Subsection 7.03
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Repurchase; Substitution
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32
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Subsection 7.04
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Repurchase of Mortgage Loans With Early Payment Default
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35
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Subsection 7.05
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Purchase Price Protection
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35
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SECTION 8.
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Closing
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36
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Subsection 8.01
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Closing Conditions
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36
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Subsection 8.02
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Closing Documents
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36
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SECTION 9.
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[Reserved.]
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37
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SECTION 10.
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Costs
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37
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SECTION 11.
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Interim Servicing; Servicing Transfer
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37
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Subsection 11.01
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Temporary Servicing of Mortgage Loans
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37
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Subsection 11.02
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39
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Subsection 11.03
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Collection of Mortgage Loan Payments
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40
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Subsection 11.04
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Establishment of Custodial Account; Deposits in Custodial Account
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40 |
Subsection 11.05
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Withdrawals From the Custodial Account
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42
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Subsection 11.06
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Establishment of Escrow Account; Deposits in Escrow Account
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43
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Subsection 11.07
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Withdrawals From Escrow Account
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43
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Page
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Subsection 11.08
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Payment of Taxes, Insurance and Other Charges; Collections Thereunder
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44
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Subsection 11.09
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Transfer of Accounts
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44
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Subsection 11.10
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Maintenance of Hazard Insurance
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44
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Subsection 11.11
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Maintenance of Primary Mortgage Insurance Policy; Claims
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45
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Subsection 11.12
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Fidelity Bond; Errors and Omissions Insurance
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46
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Subsection 11.13
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Title, Management and Disposition of REO Property
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46
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Subsection 11.14
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Servicing Compensation
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47
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Subsection 11.15
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Distributions
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47
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Subsection 11.16
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Statements to the Purchaser
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48
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Subsection 11.17
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[Reserved]
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49
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Subsection 11.18
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Assumption Agreements
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49
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Subsection 11.19
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Satisfaction of Mortgages and Release of Mortgage Files
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49
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Subsection 11.20
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Seller Shall Provide Access and Information as Reasonably Required
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50
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Subsection 11.21
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Inspections
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50
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Subsection 11.22
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Restoration of Mortgaged Property
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50
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Subsection 11.23
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Fair Credit Reporting Act
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51
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Subsection 11.24
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Transfer of Servicing to Purchaser
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51
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Subsection 11.25
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Payments Received
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51
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SECTION 12.
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The Seller
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51
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Subsection 12.01
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Indemnification; Third Party Claims
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51
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Subsection 12.02
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Merger or Consolidation of the Seller
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52
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Subsection 12.03
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Limitation on Liability of the Seller and Others
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52
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SECTION 13.
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Default
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53
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Subsection 13.01
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Events of Default
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53
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Subsection 13.02
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Waiver of Default.
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54
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SECTION 14.
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Termination
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54
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Subsection 14.01
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Termination
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54
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Subsection 14.02
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Successors to the Seller as Interim Servicer
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55
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Subsection 14.03
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Termination of Interim Servicing by Purchaser.
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56
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SECTION 15.
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Notices
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56
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Page
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SECTION 16.
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Severability Clause
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57
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SECTION 17.
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No Partnership
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57
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SECTION 18.
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Counterparts
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57
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SECTION 19.
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Governing Law; Choice of Forum; Waiver of Jury Trial
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57
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SECTION 20.
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Intention of the Parties
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58
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SECTION 21.
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Waivers
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59
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SECTION 22.
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Exhibits
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59
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SECTION 23.
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General Interpretive Principles
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59
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SECTION 24.
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Reproduction of Documents
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60
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SECTION 25.
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Amendment
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60
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SECTION 26.
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Confidentiality
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60
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SECTION 27.
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Entire Agreement
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60
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SECTION 28.
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Further Agreements
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61
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SECTION 29.
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Successors and Assigns
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61
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SECTION 30.
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Non-Solicitation
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61
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SECTION 31.
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Protection of Consumer Information
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62
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SECTION 32.
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Cooperation of the Seller with a Reconstitution; Regulation AB Compliance
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62
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SECTION 1.
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DEFINED TERMS
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I-1
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SECTION 2.
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COMPLIANCE WITH REGULATION AB
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I-2
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Subsection 2.01
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Intent of the Parties; Reasonableness.
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I-2
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Subsection 2.02
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Additional Representations and Warranties of the Company.
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I-3
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Subsection 2.03
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Information to Be Provided by the Company.
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I-4
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Subsection 2.04
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Indemnification; Remedies.
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I-6
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Subsection 2.05
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Third-party Beneficiary.
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I-7
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EXHIBIT 1
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MORTGAGE LOAN DOCUMENTS
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EXHIBIT 2
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CONTENTS OF EACH MORTGAGE FILE
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EXHIBIT 3
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FORM OF PPTL
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EXHIBIT 4
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SERVICING TRANSFER INSTRUCTIONS
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ADDENDUM I
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REGULATION AB COMPLIANCE ADDENDUM
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REDWOOD RESIDENTIAL ACQUISITION CORPORATION,
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as Purchaser
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By:
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/s/ John Isbrandtsen
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Name:
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John Isbrandtsen
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Title:
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Authorized Officer
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FLAGSTAR CAPITAL MARKETS CORPORATION,
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as Seller
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By:
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/s/ Kristin Hammond
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Name:
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Kristin Hammond
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Title:
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President
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(i)
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the original Mortgage Note together with any applicable riders, endorsed in blank, with all prior and intervening endorsements as may be necessary to show a complete chain of endorsements;
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(ii)
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the original security agreement;
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(iii)
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the original lease on a co-op unit evidencing the possessory interest of the owner of the Co-op Shares in such co-op unit (the “Proprietary Lease”) and an original assignment of the Proprietary Lease in blank;
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(iv)
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the original recognition agreement;
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(v)
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the original stock certificate representing the shares of stock issued by a co-op corporation and allocated to a co-op unit (the “Co-op Shares”) and original stock power in blank;
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(vi)
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the original UCC-1 financing statement with evidence of filing; and
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(vii)
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the original UCC-3 assignment in blank.
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Servicer:
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_______________________
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Stated Principal Balance:
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$_______________________
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Closing Date:
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_______________________
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Servicing Transfer Date:
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_______________________
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Cut-off Date:
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_______________________
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Purchase Price Percentage:
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________%
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REDWOOD RESIDENTIAL ACQUISITION CORPORATION
as Purchaser
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FLAGSTAR CAPITAL MARKETS CORPORATION
as Seller
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By:
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EXHIBIT 10.13
EXECUTION COPY
ASSIGNMENT OF REPRESENTATIONS AND WARRANTIES AGREEMENT
This is an Assignment of Representations and Warranties Agreement (the “Agreement”) made as of the 30th day of October, 2012, among Redwood Residential Acquisition Corporation, a Delaware corporation (“Assignor”), Sequoia Residential Funding, Inc., a Delaware corporation (“Depositor”), Christiana Trust, a division of Wilmington Savings Fund Society, FSB, a federal savings bank, not in its individual capacity but solely as trustee (in such capacity, the “Trustee” or the “Assignee”) under a Pooling and Servicing Agreement dated as of October 1, 2012 (the “Pooling and Servicing Agreement”), and Flagstar Capital Markets Corporation, a Delaware corporation (“Flagstar”).
In consideration of the mutual promises contained herein, the parties hereto agree that the mortgage loans (the “Mortgage Loans”) listed on Attachment 1 annexed hereto (the “Mortgage Loan Schedule”) are subject to the terms of the Flow Mortgage Loan Purchase and Sale Agreement dated as of May 23, 2011, between Assignor and Flagstar (the “Purchase Agreement”) as modified or supplemented by this Agreement. Unless otherwise specified herein, capitalized terms used herein but not defined shall have the meanings ascribed to them in the Purchase Agreement. Assignor will sell the Mortgage Loans to Depositor pursuant to a Mortgage Loan Purchase and Sale Agreement dated the date hereof, and Depositor will sell the Mortgage Loans to Assignee pursuant to the Pooling and Servicing Agreement.
Assignment
1. Assignor hereby grants, transfers and assigns to Depositor all of its right, title and interest in, to and under the representations and warranties made by Flagstar pursuant to the Purchase Agreement to the extent relating to the Mortgage Loans, and Depositor hereby accepts such assignment from Assignor.
2. Depositor hereby grants, transfers and assigns to Assignee all of its right, title and interest in, to and under the representations and warranties made by Flagstar pursuant to the Purchase Agreement to the extent relating to the Mortgage Loans, Depositor is released from all obligations under the Purchase Agreement and Assignee hereby accepts such assignment from Depositor.
3. Flagstar hereby acknowledges the foregoing assignments.
Representations and Warranties
4. Assignor warrants and represents to, and covenants with, Depositor, Assignee and Flagstar as of the date hereof that:
(a) Attached hereto as Attachment 2 is a true and accurate copy of the Purchase Agreement, which agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder;
(b) Assignor is the lawful owner of its interests and rights under the Purchase Agreement to the extent of the Mortgage Loans, free and clear from any and all claims and encumbrances whatsoever, and upon the transfer of the representations and warranties to Assignee as contemplated herein, Assignee shall have good title to such representations and warranties under the Purchase Agreement to the extent of the Mortgage Loans, free and clear of all liens, claims and encumbrances;
(c) There are no offsets, counterclaims or other defenses available to Flagstar with respect to the Purchase Agreement;
(d) Assignor is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has all requisite power and authority to enter into and perform its obligations under the Purchase Agreement;
(e) Assignor has full corporate power and authority to execute, deliver and perform its obligations under this Agreement, and to consummate the transactions set forth herein. The consummation of the transactions contemplated by this Agreement is in the ordinary course of Assignor’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of Assignor’s charter or by-laws or any legal restriction, or any material agreement or instrument to which Assignor is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which Assignor or its property is subject. The execution, delivery and performance by Assignor of this Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on the part of Assignor. This Agreement has been duly executed and delivered by Assignor and, upon the due authorization, execution and delivery by Assignee, will constitute the valid and legally binding obligation of Assignor enforceable against Assignor in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law; and
(f) No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by Assignor in connection with the execution, delivery or performance by Assignor of this Agreement, or the consummation by it of the transactions contemplated hereby.
5. Depositor warrants and represents to, and covenants with, Assignor, Assignee and Flagstar that as of the date hereof:
(a) Depositor is a Delaware corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation;
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(b) Depositor has full corporate power and authority to execute, deliver and perform its obligations under this Agreement, and to consummate the transactions set forth herein. The consummation of the transactions contemplated by this Agreement is in the ordinary course of Depositor’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of Depositor’s charter or by-laws or any legal restriction, or any material agreement or instrument to which Depositor is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which Depositor or its property is subject. The execution, delivery and performance by Depositor of this Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on part of Depositor. This Agreement has been duly executed and delivered by Depositor and, upon the due authorization, execution and delivery by the other parties hereto, will constitute the valid and legally binding obligation of Depositor enforceable against Depositor in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law; and
(c) No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by Depositor in connection with the execution, delivery or performance by Depositor of this Agreement, or the consummation by it of the transactions contemplated hereby other than any that have been obtained or made.
6. Assignee warrants and represents to, and covenants with, Assignor, Depositor and Flagstar that as of the date hereof:
(a) Assignee is a federal savings bank duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization; and
(b) Assignee has been directed to enter into this Agreement pursuant to the provisions of the Pooling and Servicing Agreement. The execution, delivery and performance by Assignee of this Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary action on part of Assignee. This Agreement has been duly executed and delivered by Assignee and, upon the due authorization, execution and delivery by the other parties hereto, will constitute the valid and legally binding obligation of Assignee enforceable against Assignee in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law.
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7. Flagstar warrants and represents to, and covenants with, Assignor, Depositor and Assignee as of the date hereof that:
(a) Attached hereto as Attachment 2 is a true and accurate copy of the Purchase Agreement, which agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder;
(b) Flagstar is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has all requisite power and authority to perform its obligations under the Purchase Agreement;
(c) Flagstar has full corporate power and authority to execute, deliver and perform its obligations under this Agreement, and to consummate the transactions set forth herein. The consummation of the transactions contemplated by this Agreement is in the ordinary course of Flagstar’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of Flagstar’s charter or by-laws or any legal restriction, or any material agreement or instrument to which Flagstar is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which Flagstar or its property is subject. The execution, delivery and performance by Flagstar of this Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on part of Flagstar. This Agreement has been duly executed and delivered by Flagstar and, upon the due authorization, execution and delivery by Assignor, Assignee and the Depositor, will constitute the valid and legally binding obligation of Flagstar enforceable against Flagstar in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law; and
(d) No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by Flagstar in connection with the execution, delivery or performance by Flagstar of this Agreement, or the consummation by it of the transactions contemplated hereby.
Restated Flagstar Representations and Warranties
8. Pursuant to Section 32(d) of the Purchase Agreement, Flagstar hereby restates to Depositor and Assignee (a) the representations and warranties set forth in Subsection 7.01 of the Purchase Agreement as of the related Closing Date and (b) the representations and warranties set forth in Subsection 7.02 of the Purchase Agreement as of the date hereof, as if such representations and warranties were set forth herein in full.
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In the event of a breach of any representations and warranties referred to in clauses (a) or (b) above as of the related Closing Date or the date hereof, as the case may be, Assignee shall be entitled to all the remedies under the Purchase Agreement, including, without limitation, the right to compel Flagstar to repurchase Mortgage Loans pursuant to Section 7.03 of the Purchase Agreement, subject to the provisions of Section 10.
Recognition of Assignee
9. From and after the date hereof, subject to Section 10 below, Flagstar shall recognize Assignee as owner of the Mortgage Loans and will perform its obligations hereunder for the benefit of the Assignee in accordance with the Purchase Agreement, as modified hereby or as may be amended from time to time, as if Assignee and Flagstar had entered into a separate purchase agreement for the purchase of the Mortgage Loans in the form of the Purchase Agreement, the terms of which are incorporated herein by reference, as amended by this Agreement.
Enforcement of Rights
10. (a) Controlling Holder Rights. Flagstar agrees and acknowledges that Sequoia Mortgage Funding Corporation, an Affiliate of the Depositor, in its capacity as the initial Controlling Holder pursuant to the Pooling and Servicing Agreement, and for so long as it is the Controlling Holder, will exercise all of Assignee's rights as Purchaser under the following section of the Purchase Agreement:
Purchase Agreement:
Section or Subsection | Matter | |
7.03, other than 7.03(c) | Repurchase and Substitution |
(b) If there is no Controlling Holder under the Pooling and Servicing Agreement, then all rights that are to be exercised by the Controlling Holder pursuant to Section 10(a) shall be exercised by Assignee.
Amendments to Purchase Agreement
11. The parties agree that the Purchase Agreement shall be amended, solely with respect to the Mortgage Loans, as follows:
(a) Definitions.
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(i) The definitions of “Arbitration,” “Business Day” and “Repurchase Price” set forth in Section 1 of the Purchase Agreement shall be deleted and replaced in their entirety as follows:
Arbitration: Arbitration in accordance with the then governing Commercial Arbitration Rules of the American Arbitration Association and administered by the American Arbitration Association, which shall be conducted in New York, New York or other place mutually acceptable to the parties to the arbitration.
Business Day: Any day other than (i) a Saturday or a Sunday, (ii) a legal holiday in the states of California, Delaware, Maryland, Minnesota, Missouri or New York, (iii) a day on which banks in the states of California, Delaware, Maryland, Minnesota, Missouri or New York, are authorized or obligated by law or executive order to be closed or (iv) a day on which the New York Stock Exchange or the Federal Reserve Bank of New York is closed.
Repurchase Price: With respect to any Mortgage Loan, a price equal to (i) the unpaid principal balance of the Mortgage Loan, plus (ii) interest on such unpaid principal balance at the related Mortgage Interest Rate from the last date through which interest was last paid by or on behalf of the Mortgagor to the last day of the month in which such repurchase occurs, plus (iii) reasonable and customary third party expenses incurred in connection with the transfer of the Mortgage Loan being repurchased, minus (iv) any amounts received in respect of such repurchased Mortgage Loan and being held for future distribution in connection with such Mortgage Loan.
(b) The following sentence shall be added as the new third sentence of Subsection 7.03(a):
Each determination as to whether there has been such a breach shall be conducted on a Mortgage Loan-by-Mortgage Loan basis.
(c) The rights under the Purchase Agreement assigned to the Depositor and the Assignee pursuant to this Agreement shall be under the Purchase Agreement as amended by this Agreement.
Miscellaneous
12. All demands, notices and communications related to the Mortgage Loans, the Purchase Agreement and this Agreement shall be in writing and shall be deemed to have been duly given if personally delivered at or mailed by registered mail, postage prepaid, as follows:
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(a) In the case of Flagstar,
Flagstar Capital Markets Corporation
5151 Corporate Drive
Troy, Michigan 48098
Attention : Product Development Department
with a copy to
Legal Department at the same address
(b) In the case of Assignee,
Christiana Trust, a division of Wilmington Savings Fund Society, FSB
500 Delaware Avenue, 11th Floor
Wilmington, Delaware, 19801
Attention: Corporate Trust - Sequoia Mortgage Trust 2012-5
(c) In the case of Depositor,
Sequoia Residential Funding, Inc.
One Belvedere Place, Suite 360
Mill Valley, California 94941
Attention: William Moliski
with a copy to
General Counsel at the same address
(d) In the case of Assignor,
Redwood Residential Acquisition Corporation
One Belvedere Place, Suite 360
Mill Valley, California 94941
Attention: William Moliski
with a copy to
General Counsel at the same address
(e) In the case of Master Servicer,
Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, Maryland 21045)
Telephone number: (410) 884-2000
Facsimile number: (410) 715-2380
Attention: Client Manager — Sequoia Mortgage Trust 2012-5
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(f) In the case of the initial Controlling Holder,
Sequoia Mortgage Funding Corporation
One Belvedere Place, Suite 360
Mill Valley, California 94941
Attention: William Moliski
with a copy to
General Counsel at the same address
13. This Agreement shall be construed in accordance with the laws of the State of New York, except to the extent preempted by Federal law, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws, without regard to the conflicts of laws provisions of the State of New York or any other jurisdiction.
14. 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.
15. This Agreement shall inure to the benefit of the successors and assigns of the parties hereto. Any entity into which Assignor, Depositor, Assignee or Flagstar may be merged or consolidated shall, without the requirement for any further writing, be deemed Assignor, Depositor, Assignee or Flagstar, respectively, hereunder.
16. This Agreement shall survive the conveyance of the Mortgage Loans, the assignment of the representations and warranties made by Flagstar pursuant to the Purchase Agreement to the extent of the Mortgage Loans by Assignor to Depositor and by Depositor to Assignee, and the termination of the Purchase Agreement.
17. This Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original, and all such counterparts shall constitute one and the same instrument.
18. The Controlling Holder under the Pooling and Servicing Agreement is an express third party beneficiary of this Agreement, and shall have the same power and ability to exercise and enforce the rights stated to be provided to it hereunder as if it were a signatory hereto. Flagstar hereby consents to such exercise and enforcement.
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19. It is expressly understood and agreed by the parties hereto that insofar as this Agreement is executed by the Trustee (i) this Agreement is executed and delivered by Christiana Trust, a division of Wilmington Savings Fund Society, FSB (“Christiana Trust”) not in its individual capacity but solely as Trustee on behalf of the trust created by the Pooling and Servicing Agreement referred to herein (the “Trust”) in the exercise of the powers and authority conferred upon and vested in it, and as directed in the Pooling and Servicing Agreement, (ii) each of the undertakings and agreements herein made on behalf of the Trust is made and intended not as a personal undertaking or agreement of or by Christiana Trust but is made and intended for purposes of binding only the Trust, (iii) nothing herein contained shall be construed as creating any liability on the part of Christiana Trust, individually or personally, to perform any covenant either express or implied in this Agreement, all such liability, if any, being expressly waived by the parties hereto and by any person claiming by, through or under the parties hereto, and (iv) under no circumstances shall Christiana Trust in its individual capacity or in its capacity as Trustee be personally liable for the payment of any indebtedness, amounts or expenses owed by the Assignor under the Purchase Agreement, as modified or supplemented by this Agreement (such indebtedness, expenses and other amounts being payable solely from and to the extent of funds of the Trust) or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made under this Agreement or any other related documents.
20. Master Servicer. Flagstar hereby acknowledges that the Assignee has appointed Wells Fargo Bank, N.A. to act as master servicer and securities administrator under the Pooling and Servicing Agreement and hereby agrees to treat all inquiries, demands, instructions, authorizations and other communications from the Master Servicer as if the same had been received from the Assignee. The Master Servicer, acting on behalf of the Assignee, shall have the rights of the Assignee as the Purchaser under this Agreement, including, without limitation, the right to enforce the obligations of Flagstar hereunder and under the Purchase Agreement and the right to exercise the remedies of the Purchaser hereunder and under the Purchase Agreement.
Flagstar shall make all remittances due by it to the Purchaser with respect to the Mortgage Loans to the following account by wire transfer of immediately available funds:
Wells Fargo Bank, N.A.
San Francisco, California
ABA# 121-000-248
Account #3970771416
Account Name: SAS Clearing
FFC: Account #48235300, Sequoia Mortgage Trust 2012-5 Distribution Account
21. Flagstar acknowledges that the custodian will be Wells Fargo Bank, N.A. acting pursuant to the Custodial Agreement. Notwithstanding Section 10 of the Purchase Agreement, Flagstar shall pay shipping expenses for any Mortgage Loan Documents if there has been a breach of any representation or warranty made with respect to the related Mortgage Loan in Subsection 7.01 of the Purchase Agreement.
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22. Rule 17g-5 Compliance. Flagstar hereby agrees that it shall provide information with respect to the Mortgage Loans or the origination thereof to any Rating Agency or nationally recognized statistical rating organization (“NRSRO”) via electronic mail at rmbs17g5informationprovider@wellsfargo.com, with a subject reference of “SEMT 2012-5” and an identification of the type of information being provided in the body of such electronic mail. The Securities Administrator, as the initial Rule 17g-5 Information Provider (the “Rule 17g-5 Information Provider”) shall notify Flagstar in writing of any change in the identity or contact information of the Rule 17g-5 Information Provider. Flagstar shall have no liability for (i) the Rule 17g-5 Information Provider’s failure to post information provided by it in accordance with the terms of this Agreement or (ii) any malfunction or disabling of the website maintained by the Rule 17g-5 Information Provider. None of the foregoing restrictions in this Section 22 prohibit or restrict oral or written communications, or providing information, between Flagstar, on the one hand, and any Rating Agency or NRSRO, on the other hand, with regard to (i) such Rating Agency’s or NRSRO’s review of the ratings it assigns to Flagstar or (ii) such Rating Agency’s or NRSRO’s evaluation of Flagstar’s operations in general; provided, however, that Flagstar shall not provide any information relating to the Mortgage Loans to such Rating Agency or NRSRO in connection with such review and evaluation by such Rating Agency or NRSRO unless: (x) borrower, property or deal specific identifiers are redacted; or (y) such information has already been provided to the Rule 17g-5 Information Provider.
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day and year first above written.
REDWOOD RESIDENTIAL ACQUISITION CORPORATION | ||
Assignor | ||
By: | ||
Name: | ||
Title: | ||
SEQUOIA RESIDENTIAL FUNDING, INC. | ||
Depositor | ||
By: | ||
Name: | ||
Title: | ||
Christiana Trust, a division of Wilmington Savings Fund Society, FSB, not in its individual capacity but solely as Trustee, | ||
Assignee | ||
By: | ||
Name: | ||
Title: | ||
FLAGSTAR CAPITAL MARKETS CORPORATION | ||
By: | ||
Name: | ||
Title: |
Accepted and agreed to by: | ||
WELLS FARGO BANK, N.A. | ||
Master Servicer | ||
By: | ||
Name: | ||
Title: |
Signature Page – Assignment of Representations and Warranties – Flagstar Capital (SEMT 2012-5)
ATTACHMENT 1
MORTGAGE LOAN SCHEDULE
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | |
Primary Servicer | Servicing Fee % | Servicing Fee—Flatdollar | Servicing Advance Methodology | Originator | Originator | Loan Group | Loan Number | Amortization Type | Lien Position | |
1 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503380779 | 1 | 1 | |||
2 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503480056 | 1 | 1 | |||
3 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503520935 | 1 | 1 | |||
4 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503522482 | 1 | 1 | |||
5 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503523105 | 1 | 1 | |||
6 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503525891 | 1 | 1 | |||
7 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503536039 | 1 | 1 | |||
8 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503539693 | 1 | 1 | |||
9 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503540026 | 1 | 1 | |||
10 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503543820 | 1 | 1 | |||
11 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503548583 | 1 | 1 | |||
12 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503549033 | 1 | 1 | |||
13 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503549161 | 1 | 1 | |||
14 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503550300 | 1 | 1 | |||
15 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503550915 | 1 | 1 | |||
16 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503552748 | 1 | 1 | |||
17 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503553000 | 1 | 1 | |||
18 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503555115 | 1 | 1 | |||
19 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503555494 | 1 | 1 | |||
20 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503558858 | 1 | 1 | |||
21 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503567448 | 1 | 1 | |||
22 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503568692 | 1 | 1 | |||
23 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503568841 | 1 | 1 | |||
24 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503576976 | 1 | 1 | |||
25 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503579809 | 1 | 1 | |||
26 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503579873 | 1 | 1 | |||
27 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503582444 | 1 | 1 | |||
28 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503582919 | 1 | 1 | |||
29 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503582928 | 1 | 1 | |||
30 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503583607 | 1 | 1 | |||
31 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503583863 | 1 | 1 | |||
32 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503586311 | 1 | 1 | |||
33 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503586384 | 1 | 1 | |||
34 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503589583 | 1 | 1 | |||
35 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503595706 | 1 | 1 | |||
36 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503605942 | 1 | 1 | |||
37 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503606804 | 1 | 1 | |||
38 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503614100 | 1 | 1 | |||
39 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503629020 | 1 | 1 | |||
40 | 1000383 | 0.002500 | 1008498 | Flagstar Bank, F.S.B. | 503631440 | 1 | 1 |
11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | |
HELOC Indicator | Loan Purpose | Cash Out Amount | Total Origination and Discount Points | Covered/High Cost Loan Indicator | Relocation Loan Indicator | Broker Indicator | Channel | Escrow Indicator | Senior
Loan Amount(s) | |
1 | 0 | 7 | 1 | 4 | 0 | |||||
2 | 0 | 9 | 2 | 4 | 0 | |||||
3 | 0 | 9 | 5 | 0 | 0 | |||||
4 | 0 | 3 | 5 | 4 | 0 | |||||
5 | 0 | 9 | 2 | 4 | 0 | |||||
6 | 0 | 3 | 1 | 4 | 0 | |||||
7 | 0 | 9 | 2 | 4 | 0 | |||||
8 | 0 | 7 | 2 | 0 | 0 | |||||
9 | 0 | 7 | 5 | 4 | 0 | |||||
10 | 0 | 9 | 2 | 4 | 0 | |||||
11 | 0 | 3 | 5 | 0 | 0 | |||||
12 | 0 | 7 | 1 | 0 | 0 | |||||
13 | 0 | 9 | 5 | 0 | 0 | |||||
14 | 0 | 7 | 2 | 4 | 0 | |||||
15 | 0 | 7 | 5 | 0 | 0 | |||||
16 | 0 | 7 | 5 | 4 | 0 | |||||
17 | 0 | 7 | 1 | 0 | 0 | |||||
18 | 0 | 7 | 2 | 4 | 0 | |||||
19 | 0 | 9 | 1 | 4 | 0 | |||||
20 | 0 | 9 | 5 | 0 | 0 | |||||
21 | 0 | 6 | 2 | 4 | 0 | |||||
22 | 0 | 9 | 1 | 4 | 0 | |||||
23 | 0 | 9 | 5 | 4 | 0 | |||||
24 | 0 | 9 | 1 | 0 | 0 | |||||
25 | 0 | 7 | 5 | 4 | 0 | |||||
26 | 0 | 9 | 5 | 4 | 0 | |||||
27 | 0 | 3 | 2 | 4 | 0 | |||||
28 | 0 | 9 | 2 | 0 | 0 | |||||
29 | 0 | 3 | 2 | 0 | 0 | |||||
30 | 0 | 9 | 2 | 4 | 0 | |||||
31 | 0 | 7 | 5 | 4 | 0 | |||||
32 | 0 | 3 | 5 | 0 | 0 | |||||
33 | 0 | 9 | 1 | 0 | 0 | |||||
34 | 0 | 7 | 5 | 4 | 0 | |||||
35 | 0 | 7 | 5 | 0 | 0 | |||||
36 | 0 | 9 | 5 | 0 | 0 | |||||
37 | 0 | 7 | 5 | 4 | 0 | |||||
38 | 0 | 9 | 5 | 0 | 0 | |||||
39 | 0 | 7 | 5 | 4 | 0 | |||||
40 | 0 | 7 | 2 | 4 | 0 |
21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | |
Loan
Type of Most Senior Lien |
Hybrid
Period of Most Senior Lien (in months) |
Neg
Am Limit of Most Senior Lien |
Junior
Mortgage Balance |
Origination
Date of Most Senior Lien |
Origination Date | Original
Loan Amount |
Original
Interest Rate |
Original Amortization Term |
Original
Term to Maturity | |
1 | 0.00 | 20120706 | 444000.00 | 0.043750 | 360 | 360 | ||||
2 | 45100.00 | 20120724 | 474900.00 | 0.043750 | 360 | 360 | ||||
3 | 0.00 | 20120523 | 635000.00 | 0.045000 | 360 | 360 | ||||
4 | 0.00 | 20120705 | 471250.00 | 0.042500 | 360 | 360 | ||||
5 | 0.00 | 20120810 | 930000.00 | 0.042500 | 360 | 360 | ||||
6 | 0.00 | 20120711 | 900000.00 | 0.042500 | 360 | 360 | ||||
7 | 0.00 | 20120716 | 962000.00 | 0.043750 | 360 | 360 | ||||
8 | 0.00 | 20120613 | 705000.00 | 0.045000 | 360 | 360 | ||||
9 | 0.00 | 20120627 | 573750.00 | 0.046250 | 360 | 360 | ||||
10 | 0.00 | 20120619 | 898000.00 | 0.043750 | 360 | 360 | ||||
11 | 0.00 | 20120720 | 570700.00 | 0.041250 | 360 | 360 | ||||
12 | 0.00 | 20120710 | 1293750.00 | 0.045000 | 360 | 360 | ||||
13 | 0.00 | 20120718 | 991000.00 | 0.040000 | 360 | 360 | ||||
14 | 0.00 | 20120702 | 875000.00 | 0.042500 | 360 | 360 | ||||
15 | 0.00 | 20120711 | 850000.00 | 0.041250 | 360 | 360 | ||||
16 | 0.00 | 20120626 | 552000.00 | 0.046250 | 360 | 360 | ||||
17 | 0.00 | 20120705 | 512000.00 | 0.041250 | 360 | 360 | ||||
18 | 0.00 | 20120622 | 940000.00 | 0.041250 | 360 | 360 | ||||
19 | 0.00 | 20120718 | 725000.00 | 0.046250 | 360 | 360 | ||||
20 | 0.00 | 20120716 | 756000.00 | 0.042500 | 360 | 360 | ||||
21 | 0.00 | 20120706 | 600000.00 | 0.038750 | 360 | 360 | ||||
22 | 0.00 | 20120720 | 469000.00 | 0.045000 | 360 | 360 | ||||
23 | 0.00 | 20120717 | 760000.00 | 0.046250 | 360 | 360 | ||||
24 | 0.00 | 20120712 | 990000.00 | 0.040000 | 360 | 360 | ||||
25 | 0.00 | 20120720 | 735000.00 | 0.042500 | 360 | 360 | ||||
26 | 0.00 | 20120809 | 985000.00 | 0.046250 | 360 | 360 | ||||
27 | 0.00 | 20120802 | 503750.00 | 0.042500 | 360 | 360 | ||||
28 | 0.00 | 20120824 | 883000.00 | 0.040000 | 360 | 360 | ||||
29 | 500000.00 | 20120718 | 1000000.00 | 0.038750 | 360 | 360 | ||||
30 | 0.00 | 20120802 | 728000.00 | 0.042500 | 360 | 360 | ||||
31 | 0.00 | 20120712 | 693750.00 | 0.045000 | 360 | 360 | ||||
32 | 250000.00 | 20120822 | 1000000.00 | 0.042500 | 360 | 360 | ||||
33 | 46500.00 | 20120717 | 710000.00 | 0.042500 | 360 | 360 | ||||
34 | 0.00 | 20120816 | 675000.00 | 0.040000 | 360 | 360 | ||||
35 | 0.00 | 20120802 | 997500.00 | 0.045000 | 360 | 360 | ||||
36 | 0.00 | 20120821 | 615000.00 | 0.041250 | 360 | 360 | ||||
37 | 0.00 | 20120815 | 630000.00 | 0.045000 | 360 | 360 | ||||
38 | 0.00 | 20120824 | 750000.00 | 0.042500 | 360 | 360 | ||||
39 | 0.00 | 20120830 | 556000.00 | 0.045000 | 360 | 360 | ||||
40 | 0.00 | 20120821 | 632000.00 | 0.043750 | 360 | 360 |
31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | |
First
Payment Date of Loan |
Interest
Type Indicator |
Original
Interest Only Term |
Buy Down Period | HELOC Draw Period | Current
Loan Amount |
Current
Interest Rate |
Current
Payment Amount Due |
Interest
Paid Through Date |
Current
Payment Status | |
1 | 20120801 | 1 | 0 | 0 | 443401.92 | 0.043750 | 2216.83 | 20120901 | 0 | |
2 | 20120901 | 1 | 0 | 0 | 474260.30 | 0.043750 | 2371.11 | 20120901 | 0 | |
3 | 20120701 | 1 | 0 | 0 | 633324.46 | 0.045000 | 3217.45 | 20120901 | 0 | |
4 | 20120901 | 1 | 0 | 0 | 470400.74 | 0.042500 | 2318.27 | 20120901 | 0 | |
5 | 20121001 | 1 | 0 | 0 | 930000.00 | 0.042500 | 4575.04 | 20120901 | 0 | |
6 | 20120901 | 1 | 0 | 0 | 898760.04 | 0.042500 | 4427.46 | 20120901 | 0 | |
7 | 20120901 | 1 | 0 | 0 | 960704.17 | 0.043750 | 4803.12 | 20120901 | 0 | |
8 | 20120801 | 1 | 0 | 0 | 704071.62 | 0.045000 | 3572.13 | 20120901 | 0 | |
9 | 20120801 | 1 | 0 | 0 | 572270.05 | 0.046250 | 2949.88 | 20120901 | 0 | |
10 | 20120801 | 1 | 0 | 0 | 895555.31 | 0.043750 | 4483.58 | 20120901 | 0 | |
11 | 20120901 | 1 | 0 | 0 | 569895.88 | 0.041250 | 2765.90 | 20120901 | 0 | |
12 | 20120901 | 1 | 0 | 0 | 1292046.32 | 0.045000 | 6555.24 | 20120901 | 0 | |
13 | 20120901 | 1 | 0 | 0 | 989572.14 | 0.040000 | 4731.19 | 20120901 | 0 | |
14 | 20120801 | 1 | 0 | 0 | 873794.49 | 0.042500 | 4304.47 | 20120901 | 0 | |
15 | 20120901 | 1 | 0 | 0 | 848802.36 | 0.041250 | 4119.52 | 20120901 | 0 | |
16 | 20120801 | 1 | 0 | 0 | 551289.45 | 0.046250 | 2838.05 | 20120901 | 0 | |
17 | 20120901 | 1 | 0 | 0 | 511278.59 | 0.041250 | 2481.41 | 20120901 | 0 | |
18 | 20120801 | 1 | 0 | 0 | 938675.54 | 0.041250 | 4555.71 | 20120901 | 0 | |
19 | 20120901 | 1 | 0 | 0 | 725000.00 | 0.046250 | 3727.51 | 20120901 | 0 | |
20 | 20120901 | 1 | 0 | 0 | 754958.43 | 0.042500 | 3719.07 | 20120901 | 0 | |
21 | 20120901 | 1 | 0 | 0 | 600000.00 | 0.038750 | 2821.42 | 20120901 | 0 | |
22 | 20120901 | 1 | 0 | 0 | 469000.00 | 0.045000 | 2376.35 | 20120901 | 0 | |
23 | 20120901 | 1 | 0 | 0 | 759021.71 | 0.046250 | 3907.46 | 20120901 | 0 | |
24 | 20120901 | 1 | 0 | 0 | 990000.00 | 0.040000 | 4726.41 | 20120901 | 0 | |
25 | 20120901 | 1 | 0 | 0 | 733987.37 | 0.042500 | 3615.76 | 20120901 | 0 | |
26 | 20121001 | 1 | 0 | 0 | 985000.00 | 0.046250 | 5064.27 | 20120901 | 0 | |
27 | 20120901 | 1 | 0 | 0 | 503055.96 | 0.042500 | 2478.15 | 20120901 | 0 | |
28 | 20121001 | 1 | 0 | 0 | 881727.75 | 0.040000 | 4215.58 | 20120901 | 0 | |
29 | 20120901 | 1 | 0 | 0 | 998526.80 | 0.038750 | 4702.37 | 20120901 | 0 | |
30 | 20121001 | 1 | 0 | 0 | 728000.00 | 0.042500 | 3581.32 | 20120901 | 0 | |
31 | 20120901 | 1 | 0 | 0 | 693750.00 | 0.045000 | 3515.13 | 20120901 | 0 | |
32 | 20121001 | 1 | 0 | 0 | 998622.27 | 0.042500 | 4919.40 | 20120901 | 0 | |
33 | 20120901 | 1 | 0 | 0 | 710000.00 | 0.042500 | 3492.77 | 20120901 | 0 | |
34 | 20121001 | 1 | 0 | 0 | 674027.45 | 0.040000 | 3222.55 | 20120901 | 0 | |
35 | 20121001 | 1 | 0 | 0 | 997500.00 | 0.045000 | 5054.19 | 20120901 | 0 | |
36 | 20121001 | 1 | 0 | 0 | 614133.46 | 0.041250 | 2980.60 | 20120901 | 0 | |
37 | 20121001 | 1 | 0 | 0 | 629170.38 | 0.045000 | 3192.12 | 20120901 | 0 | |
38 | 20121001 | 1 | 0 | 0 | 748966.70 | 0.042500 | 3689.55 | 20120901 | 0 | |
39 | 20121001 | 1 | 0 | 0 | 555267.83 | 0.045000 | 2817.17 | 20120901 | 0 | |
40 | 20121001 | 1 | 0 | 0 | 631148.89 | 0.043750 | 3155.48 | 20120901 | 0 |
41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | |
Index Type | ARM
Look-back Days |
Gross Margin | ARM Round Flag | ARM Round Factor | Initial
Fixed Rate Period |
Initial
Interest Rate Cap (Change Up) |
Initial
Interest Rate Cap (Change Down) |
Subsequent
Interest Rate Reset Period |
Subsequent
Interest Rate Cap (Change Down) | |
1 | 0 | |||||||||
2 | 0 | |||||||||
3 | 0 | |||||||||
4 | 0 | |||||||||
5 | 0 | |||||||||
6 | 0 | |||||||||
7 | 0 | |||||||||
8 | 0 | |||||||||
9 | 0 | |||||||||
10 | 0 | |||||||||
11 | 0 | |||||||||
12 | 0 | |||||||||
13 | 0 | |||||||||
14 | 0 | |||||||||
15 | 0 | |||||||||
16 | 0 | |||||||||
17 | 0 | |||||||||
18 | 0 | |||||||||
19 | 0 | |||||||||
20 | 0 | |||||||||
21 | 0 | |||||||||
22 | 0 | |||||||||
23 | 0 | |||||||||
24 | 0 | |||||||||
25 | 0 | |||||||||
26 | 0 | |||||||||
27 | 0 | |||||||||
28 | 0 | |||||||||
29 | 0 | |||||||||
30 | 0 | |||||||||
31 | 0 | |||||||||
32 | 0 | |||||||||
33 | 0 | |||||||||
34 | 0 | |||||||||
35 | 0 | |||||||||
36 | 0 | |||||||||
37 | 0 | |||||||||
38 | 0 | |||||||||
39 | 0 | |||||||||
40 | 0 |
51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | |
Subsequent
Interest Rate Cap (Change Up) |
Lifetime
Maximum Rate (Ceiling) |
Lifetime
Minimum Rate (Floor) |
Negative Amortization Limit |
Initial
Negative Amortization Recast Period |
Subsequent Negative Amortization Recast Period |
Initial
Fixed Payment Period |
Subsequent Payment Reset Period |
Initial
Periodic Payment Cap |
Subsequent Periodic Payment Cap | |
1 | ||||||||||
2 | ||||||||||
3 | ||||||||||
4 | ||||||||||
5 | ||||||||||
6 | ||||||||||
7 | ||||||||||
8 | ||||||||||
9 | ||||||||||
10 | ||||||||||
11 | ||||||||||
12 | ||||||||||
13 | ||||||||||
14 | ||||||||||
15 | ||||||||||
16 | ||||||||||
17 | ||||||||||
18 | ||||||||||
19 | ||||||||||
20 | ||||||||||
21 | ||||||||||
22 | ||||||||||
23 | ||||||||||
24 | ||||||||||
25 | ||||||||||
26 | ||||||||||
27 | ||||||||||
28 | ||||||||||
29 | ||||||||||
30 | ||||||||||
31 | ||||||||||
32 | ||||||||||
33 | ||||||||||
34 | ||||||||||
35 | ||||||||||
36 | ||||||||||
37 | ||||||||||
38 | ||||||||||
39 | ||||||||||
40 |
61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | |
Initial
Minimum Payment Reset Period |
Subsequent Minimum Payment Reset Period |
Option
ARM Indicator |
Options at Recast | Initial
Minimum Payment |
Current
Minimum Payment |
Prepayment
Penalty Calculation |
Prepayment
Penalty Type |
Prepayment
Penalty Total Term |
Prepayment
Penalty Hard Term | |
1 | 0 | |||||||||
2 | 0 | |||||||||
3 | 0 | |||||||||
4 | 0 | |||||||||
5 | 0 | |||||||||
6 | 0 | |||||||||
7 | 0 | |||||||||
8 | 0 | |||||||||
9 | 0 | |||||||||
10 | 0 | |||||||||
11 | 0 | |||||||||
12 | 0 | |||||||||
13 | 0 | |||||||||
14 | 0 | |||||||||
15 | 0 | |||||||||
16 | 0 | |||||||||
17 | 0 | |||||||||
18 | 0 | |||||||||
19 | 0 | |||||||||
20 | 0 | |||||||||
21 | 0 | |||||||||
22 | 0 | |||||||||
23 | 0 | |||||||||
24 | 0 | |||||||||
25 | 0 | |||||||||
26 | 0 | |||||||||
27 | 0 | |||||||||
28 | 0 | |||||||||
29 | 0 | |||||||||
30 | 0 | |||||||||
31 | 0 | |||||||||
32 | 0 | |||||||||
33 | 0 | |||||||||
34 | 0 | |||||||||
35 | 0 | |||||||||
36 | 0 | |||||||||
37 | 0 | |||||||||
38 | 0 | |||||||||
39 | 0 | |||||||||
40 | 0 |
71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | |
Primary Borrower ID | Number
of Mortgaged Properties |
Total
Number of Borrowers |
Self-employment Flag |
Current
‘Other’ Monthly Payment |
Length
of Employment: Borrower |
Length
of Employment: Co- Borrower |
Years in Home | FICO Model Used | Most
Recent FICO Date | |
1 | 1 | 0 | 8.25 | 0 | 1 | |||||
2 | 1 | 0 | 4.25 | 5.25 | 6 | 1 | ||||
3 | 1 | 1 | 2 | 15 | 1 | |||||
4 | 1 | 0 | 19.25 | 10 | 1 | |||||
5 | 2 | 0 | 0.25 | 3 | 1 | |||||
6 | 1 | 0 | 2 | 0.5 | 7 | 1 | ||||
7 | 1 | 1 | 14 | 0 | 1 | |||||
8 | 2 | 1 | 18 | 0 | 1 | |||||
9 | 2 | 1 | 4 | 0 | 0 | 1 | ||||
10 | 1 | 0 | 22 | 0 | 7 | 1 | ||||
11 | 1 | 1 | 14.25 | 5 | 1 | |||||
12 | 3 | 0 | 5 | 5 | 0 | 1 | ||||
13 | 1 | 1 | 9 | 9 | 1 | |||||
14 | 1 | 0 | 2.5 | 0 | 1 | |||||
15 | 1 | 0 | 3 | 3 | 0 | 1 | ||||
16 | 3 | 0 | 24 | 0 | 0 | 1 | ||||
17 | 2 | 0 | 20 | 10 | 0 | 1 | ||||
18 | 1 | 0 | 15 | 15 | 0 | 1 | ||||
19 | 2 | 1 | 25 | 1 | 1 | |||||
20 | 1 | 0 | 5 | 11 | 7 | 1 | ||||
21 | 2 | 0 | 5.75 | 4.75 | 0 | 1 | ||||
22 | 1 | 1 | 18 | 16 | 1 | |||||
23 | 2 | 1 | 8 | 8 | 16 | 1 | ||||
24 | 1 | 0 | 28.5 | 4 | 1 | |||||
25 | 1 | 1 | 29 | 2 | 0 | 1 | ||||
26 | 2 | 1 | 6 | 2 | 1 | |||||
27 | 1 | 0 | 3.25 | 2 | 1 | |||||
28 | 2 | 0 | 17 | 5.5 | 1 | |||||
29 | 1 | 0 | 6 | 12 | 1 | |||||
30 | 3 | 0 | 0.25 | 15 | 2 | 1 | ||||
31 | 1 | 0 | 6 | 0 | 0 | 1 | ||||
32 | 1 | 1 | 19 | 11 | 1 | |||||
33 | 1 | 0 | 6 | 4 | 1 | |||||
34 | 3 | 0 | 12 | 0 | 1 | |||||
35 | 1 | 0 | 12.75 | 7 | 0 | 1 | ||||
36 | 1 | 0 | 0 | 2.5 | 1 | |||||
37 | 1 | 1 | 32 | 0 | 1 | |||||
38 | 1 | 0 | 2 | 5 | 2 | 1 | ||||
39 | 2 | 0 | 0.75 | 0 | 1 | |||||
40 | 1 | 0 | 4 | 10.75 | 0 | 1 |
81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
Primary
Wage Earner Original FICO: Equifax |
Primary
Wage Earner Original FICO: Experian |
Primary
Wage Earner Original FICO: TransUnion |
Secondary
Wage Earner Original FICO: Equifax |
Secondary
Wage Earner Original FICO: Experian |
Secondary
Wage Earner Original FICO: TransUnion |
Original Primary Borrower FICO |
Most
Recent Primary Borrower FICO |
Most
Recent Co- Borrower FICO |
Most
Recent FICO Method | |
1 | 761 | |||||||||
2 | 777 | |||||||||
3 | 766 | |||||||||
4 | 763 | |||||||||
5 | 767 | |||||||||
6 | 756 | |||||||||
7 | 775 | |||||||||
8 | 756 | |||||||||
9 | 729 | |||||||||
10 | 745 | |||||||||
11 | 799 | |||||||||
12 | 767 | |||||||||
13 | 755 | |||||||||
14 | 788 | |||||||||
15 | 788 | |||||||||
16 | 781 | |||||||||
17 | 779 | |||||||||
18 | 800 | |||||||||
19 | 737 | |||||||||
20 | 784 | |||||||||
21 | 778 | |||||||||
22 | 799 | |||||||||
23 | 756 | |||||||||
24 | 804 | |||||||||
25 | 770 | |||||||||
26 | 778 | |||||||||
27 | 727 | |||||||||
28 | 792 | |||||||||
29 | 784 | |||||||||
30 | 776 | |||||||||
31 | 796 | |||||||||
32 | 789 | |||||||||
33 | 804 | |||||||||
34 | 772 | |||||||||
35 | 795 | |||||||||
36 | 797 | |||||||||
37 | 776 | |||||||||
38 | 761 | |||||||||
39 | 732 | |||||||||
40 | 769 |
91 | 92 | 93 | 94 | 95 | 96 | 97 | 98 | 99 | 100 | |
VantageScore: Primary Borrower |
VantageScore:
Co- Borrower |
Most
Recent VantageScore Method |
VantageScore Date | Credit
Report: Longest Trade Line |
Credit
Report: Maximum Trade Line |
Credit
Report: Number of Trade Lines |
Credit
Line Usage Ratio |
Most
Recent 12- month Pay History |
Months Bankruptcy | |
1 | 000000000000 | |||||||||
2 | 000000000000 | |||||||||
3 | 000000000000 | |||||||||
4 | 000000000000 | |||||||||
5 | 000000000000 | |||||||||
6 | 000000000000 | |||||||||
7 | 000000000000 | |||||||||
8 | 000000000000 | |||||||||
9 | 000000000000 | |||||||||
10 | 000000000000 | |||||||||
11 | 000000000000 | |||||||||
12 | 000000000000 | |||||||||
13 | 000000000000 | |||||||||
14 | 000000000000 | |||||||||
15 | 000000000000 | |||||||||
16 | 000000000000 | |||||||||
17 | 000000000000 | |||||||||
18 | 000000000000 | |||||||||
19 | 000000000000 | |||||||||
20 | 000000000000 | |||||||||
21 | 000000000000 | |||||||||
22 | 000000000000 | |||||||||
23 | 000000000000 | |||||||||
24 | 000000000000 | |||||||||
25 | 000000000000 | |||||||||
26 | 000000000000 | |||||||||
27 | 000000000000 | |||||||||
28 | 000000000000 | |||||||||
29 | 000000000000 | |||||||||
30 | 000000000000 | |||||||||
31 | 000000000000 | |||||||||
32 | 000000000000 | |||||||||
33 | 000000000000 | |||||||||
34 | 000000000000 | |||||||||
35 | 000000000000 | |||||||||
36 | 000000000000 | |||||||||
37 | 000000000000 | |||||||||
38 | 000000000000 | |||||||||
39 | 000000000000 | |||||||||
40 | 000000000000 |
101 | 102 | 103 | 104 | 105 | 106 | 107 | 108 | 109 | 110 | |
Months Foreclosure | Primary
Borrower Wage Income |
Co-Borrower
Wage Income |
Primary
Borrower Other Income |
Co-Borrower
Other Income |
All
Borrower Wage Income |
All
Borrower Total Income |
4506-T Indicator | Borrower
Income Verification Level |
Co-Borrower Income Verification | |
1 | 6875.00 | 16138.84 | 6875.00 | 23013.84 | 1 | 5 | ||||
2 | 3797.08 | 9182.78 | 0.00 | 0.00 | 12979.86 | 12979.86 | 1 | 5 | ||
3 | 27511.12 | 0.00 | 27511.12 | 27511.12 | 1 | 4 | ||||
4 | 24070.37 | 0.00 | 24070.37 | 24070.37 | 1 | 5 | ||||
5 | 14583.00 | 0.00 | 14583.00 | 0.00 | 14583.00 | 29166.00 | 1 | 5 | ||
6 | 22441.62 | 14166.68 | 0.00 | 0.00 | 36608.30 | 36608.30 | 1 | 5 | ||
7 | 36376.40 | 0.00 | 36376.40 | 36376.40 | 1 | 4 | ||||
8 | 14000.00 | 0.00 | 14000.00 | 14000.00 | 1 | 4 | ||||
9 | 16375.09 | 0.00 | 17760.33 | 0.00 | 16375.09 | 34135.42 | 1 | 4 | ||
10 | 42572.92 | 0.00 | 0.00 | 0.00 | 42572.92 | 42572.92 | 1 | 5 | ||
11 | 15227.67 | 0.00 | 15227.67 | 15227.67 | 1 | 4 | ||||
12 | 1712.70 | 0.00 | 25205.09 | 9375.00 | 1712.70 | 36292.79 | 1 | 5 | ||
13 | 32901.00 | 0.00 | 32901.00 | 32901.00 | 1 | 4 | ||||
14 | 23833.34 | 0.00 | 23833.34 | 23833.34 | 1 | 5 | ||||
15 | 0.00 | 26599.78 | 0.00 | 14635.98 | 26599.78 | 41235.76 | 1 | 5 | ||
16 | 17292.83 | 4931.00 | 0.00 | 0.00 | 22223.83 | 22223.83 | 1 | 5 | ||
17 | 12078.75 | 0.00 | 0.00 | 0.00 | 12078.75 | 12078.75 | 1 | 5 | ||
18 | 13833.34 | 10100.00 | 0.00 | 0.00 | 23933.34 | 23933.34 | 1 | 5 | ||
19 | 40875.91 | 0.00 | 40875.91 | 40875.91 | 1 | 4 | ||||
20 | 18667.00 | 11112.00 | 0.00 | 0.00 | 29779.00 | 29779.00 | 1 | 5 | ||
21 | 8333.32 | 15833.35 | 3288.63 | 0.00 | 24166.67 | 27455.30 | 1 | 5 | ||
22 | 19483.50 | 0.00 | 0.00 | 0.00 | 19483.50 | 19483.50 | 1 | 4 | ||
23 | 14825.00 | 3335.42 | 0.00 | 0.00 | 18160.42 | 18160.42 | 1 | 4 | ||
24 | 31413.33 | 0.00 | 31413.33 | 31413.33 | 1 | 5 | ||||
25 | 32635.88 | 0.00 | 0.00 | 0.00 | 32635.88 | 32635.88 | 1 | 4 | ||
26 | 39861.92 | 0.00 | 0.00 | 0.00 | 39861.92 | 39861.92 | 1 | 4 | ||
27 | 0.00 | 9207.26 | 0.00 | 9207.26 | 1 | 5 | ||||
28 | 22565.59 | 0.00 | 0.00 | 0.00 | 22565.59 | 22565.59 | 1 | 5 | ||
29 | 38993.06 | 0.00 | 0.00 | 0.00 | 38993.06 | 38993.06 | 1 | 5 | ||
30 | 8916.60 | 15000.00 | 0.00 | 0.00 | 23916.60 | 23916.60 | 1 | 5 | ||
31 | 39583.33 | 0.00 | 0.00 | 0.00 | 39583.33 | 39583.33 | 1 | 5 | ||
32 | 30170.75 | 0.00 | 0.00 | 0.00 | 30170.75 | 30170.75 | 1 | 4 | ||
33 | 14242.99 | 0.00 | 0.00 | 0.00 | 14242.99 | 14242.99 | 1 | 5 | ||
34 | 27083.33 | 0.00 | 25000.00 | 0.00 | 27083.33 | 52083.33 | 1 | 5 | ||
35 | 13374.03 | 6954.16 | 0.00 | 0.00 | 20328.19 | 20328.19 | 1 | 5 | ||
36 | 2072.70 | 1789.70 | 6708.29 | 1583.33 | 3862.40 | 12154.02 | 1 | 5 | ||
37 | 107145.00 | 0.00 | 0.00 | 0.00 | 107145.00 | 107145.00 | 1 | 4 | ||
38 | 8000.05 | 8000.06 | 0.00 | 0.00 | 16000.11 | 16000.11 | 1 | 5 | ||
39 | 14583.00 | 0.00 | 1382.12 | 132.81 | 14583.00 | 16097.93 | 1 | 5 | ||
40 | 9533.28 | 3544.72 | 0.00 | 0.00 | 13078.00 | 13078.00 | 1 | 5 |
111 | 112 | 113 | 114 | 115 | 116 | 117 | 118 | 119 | 120 | |
Borrower Employment Verification |
Co-Borrower Employment Verification |
Borrower
Asset Verification |
Co-Borrower
Asset Verification |
Liquid
/ Cash Reserves |
Monthly
Debt All Borrowers |
Originator DTI | Fully Indexed Rate | Qualification Method |
Percentage
of Down Payment from Borrower Own Funds | |
1 | 3 | 4 | 40395.30 | 4311.92 | 0.1874 | 61.7447 | ||||
2 | 3 | 4 | 32823.84 | 3949.94 | 0.3043 | |||||
3 | 3 | 4 | 522933.70 | 4141.39 | 0.1505 | |||||
4 | 3 | 4 | 53882.17 | 4894.66 | 0.2033 | |||||
5 | 3 | 4 | 356571.33 | 8971.11 | 0.3076 | |||||
6 | 3 | 4 | 536790.59 | 5015.56 | 0.1370 | |||||
7 | 3 | 4 | 143028.43 | 8684.72 | 0.2387 | |||||
8 | 3 | 4 | 560971.01 | 5996.97 | 0.4284 | 100 | ||||
9 | 3 | 4 | 84950.91 | 9045.00 | 0.2650 | 88.8551 | ||||
10 | 3 | 4 | 198552.61 | 11580.43 | 0.2720 | |||||
11 | 3 | 4 | 247289.95 | 6744.70 | 0.4429 | |||||
12 | 3 | 4 | 3054411.27 | 15780.40 | 0.4348 | 100 | ||||
13 | 3 | 4 | 501999.89 | 8389.95 | 0.2550 | |||||
14 | 3 | 4 | 92188.27 | 7802.73 | 0.3274 | 100 | ||||
15 | 3 | 4 | 957805.46 | 7209.58 | 0.1748 | 100 | ||||
16 | 3 | 4 | 540781.44 | 9631.36 | 0.4334 | 100 | ||||
17 | 3 | 4 | 203651.50 | 3933.76 | 0.3257 | 100 | ||||
18 | 3 | 4 | 521511.54 | 6912.40 | 0.2888 | 100 | ||||
19 | 3 | 4 | 117949.28 | 15324.54 | 0.3749 | |||||
20 | 3 | 4 | 359651.71 | 6015.75 | 0.2020 | |||||
21 | 3 | 4 | 271968.83 | 10557.14 | 0.3845 | 100 | ||||
22 | 3 | 4 | 271426.96 | 3249.32 | 0.1668 | |||||
23 | 3 | 4 | 99191.25 | 6944.36 | 0.3824 | |||||
24 | 3 | 4 | 840552.00 | 12184.60 | 0.3879 | |||||
25 | 3 | 4 | 179560.80 | 13185.97 | 0.4040 | 100 | ||||
26 | 3 | 4 | 108694.04 | 10442.83 | 0.2620 | |||||
27 | 3 | 4 | 64808.92 | 4279.16 | 0.4648 | |||||
28 | 3 | 4 | 2395376.13 | 9423.77 | 0.4176 | |||||
29 | 3 | 4 | 713701.98 | 9684.20 | 0.2484 | |||||
30 | 3 | 4 | 66487.68 | 8900.51 | 0.3721 | |||||
31 | 3 | 4 | 1532943.62 | 5374.82 | 0.1358 | 100 | ||||
32 | 3 | 4 | 167730.40 | 10408.18 | 0.3450 | |||||
33 | 3 | 4 | 237154.31 | 4863.65 | 0.3415 | |||||
34 | 3 | 4 | 560893.20 | 13113.02 | 0.2518 | 100 | ||||
35 | 3 | 4 | 102287.01 | 6745.87 | 0.3318 | 100 | ||||
36 | 3 | 4 | 296155.45 | 5070.97 | 0.4172 | |||||
37 | 3 | 4 | 417011.82 | 15464.13 | 0.1443 | 100 | ||||
38 | 3 | 4 | 82214.24 | 5703.16 | 0.3564 | |||||
39 | 3 | 4 | 52445.64 | 7200.07 | 0.4473 | 100 | ||||
40 | 3 | 4 | 36893.90 | 4723.22 | 0.3612 | 100 |
121 | 122 | 123 | 124 | 125 | 126 | 127 | 128 | 129 | 130 | |
City | State | Postal Code | Property Type | Occupancy | Sales Price | Original
Appraised Property Value |
Original
Property Valuation Type |
Original
Property Valuation Date |
Original
Automated Valuation Model (AVM) Model Name | |
1 | NORTHVILLE | MI | 48168 | 7 | 1 | 555000.00 | 566000.00 | 3 | 20120608 | |
2 | FRANKLIN | TN | 37064 | 7 | 1 | 650000.00 | 3 | 20120409 | ||
3 | ENCINITAS | CA | 92024 | 1 | 1 | 1320000.00 | 3 | 20120310 | ||
4 | SCANDIA | MN | 55073 | 1 | 1 | 725000.00 | 3 | 20120518 | ||
5 | GREENWOOD VILLAGE | CO | 80111 | 1 | 1 | 1185000.00 | 3 | 20120619 | ||
6 | MOUNTAIN VIEW | CA | 94040 | 1 | 1 | 1530000.00 | 3 | 20120627 | ||
7 | NEWPORT COAST | CA | 92657 | 7 | 1 | 1300000.00 | 3 | 20120611 | ||
8 | CANYON COUNTRY | CA | 91387 | 7 | 1 | 940000.00 | 1060000.00 | 3 | 20120508 | |
9 | HOUSTON | TX | 77055 | 1 | 1 | 765000.00 | 770000.00 | 3 | 20120607 | |
10 | MERCER ISLAND | WA | 98040 | 1 | 1 | 1474000.00 | 3 | 20120523 | ||
11 | VERO BEACH | FL | 32963 | 7 | 1 | 878000.00 | 3 | 20120522 | ||
12 | BEVERLY HILLS | CA | 90210 | 3 | 1 | 1812500.00 | 1725000.00 | 3 | 20120523 | |
13 | MANHATTAN BEACH | CA | 90266 | 1 | 1 | 2000000.00 | 3 | 20120523 | ||
14 | KEY BISCAYNE | FL | 33149 | 1 | 1 | 1525000.00 | 1525000.00 | 3 | 20120521 | |
15 | MOORPARK | CA | 93021 | 7 | 1 | 1250000.00 | 1250000.00 | 3 | 20120702 | |
16 | MEADOW VISTA | CA | 95722 | 7 | 1 | 690000.00 | 760000.00 | 3 | 20120606 | |
17 | PORTLAND | OR | 97212 | 1 | 1 | 865000.00 | 880000.00 | 3 | 20120608 | |
18 | KIRKLAND | WA | 98033 | 1 | 1 | 1175000.00 | 1175000.00 | 3 | 20120521 | |
19 | NEWPORT BEACH | CA | 92660 | 3 | 1 | 1200000.00 | 3 | 20120531 | ||
20 | LOS ANGELES | CA | 90046 | 1 | 1 | 945000.00 | 3 | 20120525 | ||
21 | WESTON | FL | 33327 | 7 | 1 | 950000.00 | 975000.00 | 3 | 20120605 | |
22 | SAINT CHARLES | MO | 63304 | 7 | 1 | 650000.00 | 3 | 20120604 | ||
23 | LOS ANGELES | CA | 90004 | 1 | 1 | 950000.00 | 3 | 20120531 | ||
24 | HOUSTON | TX | 77056 | 7 | 1 | 3550000.00 | 3 | 20120607 | ||
25 | DAVIE | FL | 33330 | 7 | 1 | 980000.00 | 1050000.00 | 3 | 20120618 | |
26 | CARNATION | WA | 98014 | 1 | 1 | 1280000.00 | 3 | 20120724 | ||
27 | CHICAGO | IL | 60613 | 1 | 1 | 775000.00 | 3 | 20120618 | ||
28 | BELLEVUE | WA | 98005 | 1 | 1 | 2500000.00 | 3 | 20120620 | ||
29 | LOS ANGELES | CA | 90034 | 1 | 1 | 2625000.00 | 3 | 20120702 | ||
30 | BELLEVUE | WA | 98006 | 1 | 1 | 930000.00 | 3 | 20120722 | ||
31 | TUCSON | AZ | 85750 | 7 | 1 | 925000.00 | 930000.00 | 3 | 20120619 | |
32 | MINNEAPOLIS | MN | 55436 | 1 | 1 | 1900000.00 | 3 | 20120626 | ||
33 | CUPERTINO | CA | 95014 | 1 | 1 | 960000.00 | 3 | 20120628 | ||
34 | LINCOLN | MA | 01773 | 1 | 1 | 1325000.00 | 1325000.00 | 3 | 20120627 | |
35 | SAN JOSE | CA | 95129 | 1 | 1 | 1538000.00 | 1330000.00 | 3 | 20120627 | |
36 | PORTLAND | OR | 97239 | 4 | 1 | 1100000.00 | 3 | 20120706 | ||
37 | LA QUINTA | CA | 92253 | 7 | 2 | 900000.00 | 925000.00 | 3 | 20120727 | |
38 | SHAVER LAKE | CA | 93664 | 7 | 1 | 975000.00 | 3 | 20120804 | ||
39 | SCOTTSDALE | AZ | 85259 | 7 | 1 | 695000.00 | 704000.00 | 3 | 20120816 | |
40 | NORTHVILLE | MI | 48168 | 7 | 1 | 790000.00 | 800000.00 | 3 | 20120727 |
131 | 132 | 133 | 134 | 135 | 136 | 137 | 138 | 139 | 140 | |
Original
AVM Confidence Score |
Most
Recent Property Value2 |
Most
Recent Property Valuation Type |
Most
Recent Property Valuation Date |
Most
Recent AVM Model Name |
Most
Recent AVM Confidence Score |
Original CLTV | Original LTV | Original
Pledged Assets |
Mortgage
Insurance Company Name | |
1 | 0.8000 | 0.8000 | 0 | 0 | ||||||
2 | 0.8000 | 0.7306 | 0 | 0 | ||||||
3 | 0.4810 | 0.4810 | 0 | 0 | ||||||
4 | 0.6500 | 0.6500 | 0 | 0 | ||||||
5 | 0.7848 | 0.7848 | 0 | 0 | ||||||
6 | 0.5882 | 0.5882 | 0 | 0 | ||||||
7 | 0.7400 | 0.7400 | 0 | 0 | ||||||
8 | 0.7500 | 0.7500 | 0 | 0 | ||||||
9 | 0.7500 | 0.7500 | 0 | 0 | ||||||
10 | 0.6092 | 0.6092 | 0 | 0 | ||||||
11 | 0.6500 | 0.6500 | 0 | 0 | ||||||
12 | 0.7500 | 0.7500 | 0 | 0 | ||||||
13 | 0.4955 | 0.4955 | 0 | 0 | ||||||
14 | 0.5737 | 0.5737 | 0 | 0 | ||||||
15 | 0.6800 | 0.6800 | 0 | 0 | ||||||
16 | 0.8000 | 0.8000 | 0 | 0 | ||||||
17 | 0.5919 | 0.5919 | 0 | 0 | ||||||
18 | 0.8000 | 0.8000 | 0 | 0 | ||||||
19 | 0.6041 | 0.6041 | 0 | 0 | ||||||
20 | 0.8000 | 0.8000 | 0 | 0 | ||||||
21 | 0.6315 | 0.6315 | 0 | 0 | ||||||
22 | 0.7215 | 0.7215 | 0 | 0 | ||||||
23 | 0.8000 | 0.8000 | 0 | 0 | ||||||
24 | 0.2788 | 0.2788 | 0 | 0 | ||||||
25 | 0.7500 | 0.7500 | 0 | 0 | ||||||
26 | 0.7695 | 0.7695 | 0 | 0 | ||||||
27 | 0.6500 | 0.6500 | 0 | 0 | ||||||
28 | 0.3532 | 0.3532 | 0 | 0 | ||||||
29 | 0.5714 | 0.3809 | 0 | 0 | ||||||
30 | 0.7827 | 0.7827 | 0 | 0 | ||||||
31 | 0.7500 | 0.7500 | 0 | 0 | ||||||
32 | 0.6578 | 0.5263 | 0 | 0 | ||||||
33 | 0.7880 | 0.7395 | 0 | 0 | ||||||
34 | 0.5094 | 0.5094 | 0 | 0 | ||||||
35 | 0.7500 | 0.7500 | 0 | 0 | ||||||
36 | 0.5590 | 0.5590 | 0 | 0 | ||||||
37 | 0.7000 | 0.7000 | 0 | 0 | ||||||
38 | 0.7692 | 0.7692 | 0 | 0 | ||||||
39 | 0.8000 | 0.8000 | 0 | 0 | ||||||
40 | 0.8000 | 0.8000 | 0 | 0 |
141 | 142 | 143 | 144 | 145 | 146 | 147 | 148 | 149 | 150 | |
Mortgage
Insurance Percent |
MI:
Lender or Borrower Paid? |
Pool
Insurance Co. Name |
Pool
Insurance Stop Loss % |
MI
Certificate Number |
Updated
DTI (Front-end) |
Updated
DTI (Back-end) |
Modification Effective Payment Date |
Total
Capitalized Amount |
Total
Deferred Amount | |
1 | 0 | |||||||||
2 | 0 | |||||||||
3 | 0 | |||||||||
4 | 0 | |||||||||
5 | 0 | |||||||||
6 | 0 | |||||||||
7 | 0 | |||||||||
8 | 0 | |||||||||
9 | 0 | |||||||||
10 | 0 | |||||||||
11 | 0 | |||||||||
12 | 0 | |||||||||
13 | 0 | |||||||||
14 | 0 | |||||||||
15 | 0 | |||||||||
16 | 0 | |||||||||
17 | 0 | |||||||||
18 | 0 | |||||||||
19 | 0 | |||||||||
20 | 0 | |||||||||
21 | 0 | |||||||||
22 | 0 | |||||||||
23 | 0 | |||||||||
24 | 0 | |||||||||
25 | 0 | |||||||||
26 | 0 | |||||||||
27 | 0 | |||||||||
28 | 0 | |||||||||
29 | 0 | |||||||||
30 | 0 | |||||||||
31 | 0 | |||||||||
32 | 0 | |||||||||
33 | 0 | |||||||||
34 | 0 | |||||||||
35 | 0 | |||||||||
36 | 0 | |||||||||
37 | 0 | |||||||||
38 | 0 | |||||||||
39 | 0 | |||||||||
40 | 0 |
151 | 152 | 153 | 154 | 155 | 156 | 157 | 158 | 159 | 160 | |
Pre-Modification Interest (Note) Rate |
Pre-Modification
P&I Payment |
Pre-Modification Initial Interest Rate Change Downward Cap |
Pre-Modification Subsequent Interest Rate Cap |
Pre-Modification Next Interest Rate Change Date |
Pre-Modification
I/O Term |
Forgiven
Principal Amount |
Forgiven
Interest Amount |
Number
of Modifications |
Cash To/From Brrw at Closing | |
1 | ||||||||||
2 | ||||||||||
3 | ||||||||||
4 | ||||||||||
5 | ||||||||||
6 | ||||||||||
7 | ||||||||||
8 | ||||||||||
9 | ||||||||||
10 | ||||||||||
11 | ||||||||||
12 | ||||||||||
13 | ||||||||||
14 | ||||||||||
15 | ||||||||||
16 | ||||||||||
17 | ||||||||||
18 | ||||||||||
19 | ||||||||||
20 | ||||||||||
21 | ||||||||||
22 | ||||||||||
23 | ||||||||||
24 | ||||||||||
25 | ||||||||||
26 | ||||||||||
27 | ||||||||||
28 | ||||||||||
29 | ||||||||||
30 | ||||||||||
31 | ||||||||||
32 | ||||||||||
33 | ||||||||||
34 | ||||||||||
35 | ||||||||||
36 | ||||||||||
37 | ||||||||||
38 | ||||||||||
39 | ||||||||||
40 |
161 | 162 | 163 | 164 | 165 | 166 | 167 | |
Brrw - Yrs at in Industry | CoBrrw - Yrs at in Industry | Junior Mortgage Drawn Amount | Maturity Date | Primary Borrower Wage Income (Salary) | Primary Borrower Wage Income (Bonus) | Primary Borrower Wage Income (Commission) | |
1 | 12 | 0.00 | 20420701 | 6875.00 | 0.00 | 16138.84 | |
2 | 10 | 5.25 | 13784.00 | 20420801 | 3797.08 | 0.00 | 0.00 |
3 | 25 | 0.00 | 20420601 | 27511.12 | 0.00 | 0.00 | |
4 | 25 | 0.00 | 20420801 | 24070.37 | 0.00 | 0.00 | |
5 | 4 | 0.00 | 20420901 | 14583.00 | 14583.00 | 0.00 | |
6 | 19 | 18 | 0.00 | 20420801 | 22441.62 | 0.00 | 0.00 |
7 | 32 | 0.00 | 20420801 | 36376.40 | 0.00 | 0.00 | |
8 | 18 | 0.00 | 20420701 | 14000.00 | 0.00 | 0.00 | |
9 | 4 | 0 | 0.00 | 20420701 | 16375.09 | 17760.33 | 0.00 |
10 | 22 | 0 | 0.00 | 20420701 | 42572.92 | 0.00 | 0.00 |
11 | 14.25 | 0.00 | 20420801 | 15227.67 | 0.00 | 0.00 | |
12 | 5 | 5 | 0.00 | 20420801 | 1712.70 | 0.00 | 0.00 |
13 | 10 | 0.00 | 20420801 | 32901.00 | 0.00 | 0.00 | |
14 | 5 | 0.00 | 20420701 | 23833.34 | 0.00 | 0.00 | |
15 | 20 | 20 | 0.00 | 20420801 | 0.00 | 0.00 | 0.00 |
16 | 30 | 20 | 0.00 | 20420701 | 17292.83 | 0.00 | 0.00 |
17 | 20 | 10 | 0.00 | 20420801 | 12078.75 | 0.00 | 0.00 |
18 | 27 | 22 | 0.00 | 20420701 | 13833.34 | 0.00 | 0.00 |
19 | 29 | 0.00 | 20420801 | 40875.91 | 0.00 | 0.00 | |
20 | 11 | 15 | 0.00 | 20420801 | 18667.00 | 0.00 | 0.00 |
21 | 10 | 9 | 0.00 | 20420801 | 8333.32 | 3288.63 | 0.00 |
22 | 35 | 0.00 | 20420801 | 19483.50 | 0.00 | 0.00 | |
23 | 8 | 8 | 0.00 | 20420801 | 14825.00 | 0.00 | 0.00 |
24 | 28.5 | 0.00 | 20420801 | 31413.33 | 0.00 | 0.00 | |
25 | 29 | 2 | 0.00 | 20420801 | 32635.88 | 0.00 | 0.00 |
26 | 6 | 0.00 | 20420901 | 39861.92 | 0.00 | 0.00 | |
27 | 10 | 0.00 | 20420801 | 0.00 | 0.00 | 9207.26 | |
28 | 25 | 0.00 | 20420901 | 22565.59 | 0.00 | 0.00 | |
29 | 22 | 250000.00 | 20420801 | 38993.06 | 0.00 | 0.00 | |
30 | 17 | 20 | 0.00 | 20420901 | 8916.60 | 0.00 | 0.00 |
31 | 30 | 0 | 0.00 | 20420801 | 39583.33 | 0.00 | 0.00 |
32 | 19 | 250000.00 | 20420901 | 30170.75 | 0.00 | 0.00 | |
33 | 16 | 46500.00 | 20420801 | 14242.99 | 0.00 | 0.00 | |
34 | 25 | 0.00 | 20420901 | 27083.33 | 25000.00 | 0.00 | |
35 | 13 | 7 | 0.00 | 20420901 | 13374.03 | 0.00 | 0.00 |
36 | 0 | 0.00 | 20420901 | 2072.70 | 0.00 | 0.00 | |
37 | 32 | 0.00 | 20420901 | 107145.00 | 0.00 | 0.00 | |
38 | 5 | 12 | 0.00 | 20420901 | 8000.05 | 0.00 | 0.00 |
39 | 5 | 0.00 | 20420901 | 14583.00 | 500.00 | 0.00 | |
40 | 12 | 16 | 0.00 | 20420901 | 9533.28 | 0.00 | 0.00 |
168 | 169 | 170 | 171 | 172 | 173 | |
Co-Borrower Wage Income (Salary) | Co-Borrower Wage Income (Bonus) | Co-Borrower Wage Income (Commission) | Originator Doc Code | RWT Income Verification | RWT Asset Verification | |
1 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
2 | 9182.78 | 0.00 | 0.00 | Full | Two Years | Two Months |
3 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
4 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
5 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
6 | 14166.68 | 0.00 | 0.00 | Full | Two Years | Two Months |
7 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
8 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
9 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
10 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
11 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
12 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
13 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
14 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
15 | 26599.78 | 14635.98 | 0.00 | Full | Two Years | Two Months |
16 | 4931.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
17 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
18 | 10100.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
19 | Full | Two Years | Two Months | |||
20 | 11112.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
21 | 15833.35 | 0.00 | 0.00 | Full | Two Years | Two Months |
22 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
23 | 3335.42 | 0.00 | 0.00 | Full | Two Years | Two Months |
24 | Full | Two Years | Two Months | |||
25 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
26 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
27 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
28 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
29 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
30 | 15000.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
31 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
32 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
33 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
34 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
35 | 6954.16 | 0.00 | 0.00 | Full | Two Years | Two Months |
36 | 1789.70 | 0.00 | 0.00 | Full | Two Years | Two Months |
37 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
38 | 8000.06 | 0.00 | 0.00 | Full | Two Years | Two Months |
39 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
40 | 3544.72 | 0.00 | 0.00 | Full | Two Years | Two Months |
ASF RMBS DISCLOSURE PACKAGE
The American Securitization Forum is a broad-based professional forum through which participants in the U.S. securitization market advocate their common interests on important legal, regulatory and market practice issues. ASF members include over 380 firms, including issuers, investors, servicers, financial intermediaries, rating agencies, financial guarantors, legal and accounting firms, and other professional organizations involved in securitization transactions. The ASF also provides information, education and training on a range of securitization market issues and topics through industry conferences, seminars and similar initiatives. For more information about ASF, its members and activities, please go to www.americansecuritization.com.
Field Number |
Field Name | Field Description | Type of Field |
Data Type | Sample Data | Format | When Applicable? |
Valid Values | Proposed Unique Coding |
Notes |
1 | Primary Servicer | The MERS Organization ID of the company that has or will have the right to service the loan. | General Information | Numeric – Integer | 2351805 | 9(7) | Always | “9999999” if Unknown | ||
2 | Servicing Fee—Percentage | Aggregate monthly fee paid to all servicers, stated in decimal form. | General Information | Numeric - Decimal | 0.0025 | 9.999999 | Loans without flat-dollar servicing fees | >= 0 and < 1 | Must be populated if Field 3 is Null | |
3 | Servicing Fee—Flat-dollar | Aggregate monthly fee paid to all servicers, stated as a dollar amount. | General Information | Numeric – Decimal | 7.5 | 9(3).99 | Loans with flat-dollar servicing fees | >= 0 and <= 999 |
Must be populated if 2 is Null | |
4 | Servicing Advance Methodology | The manner in which principal and/or interest are to be advanced by the servicer. | General Information | Numeric – Integer | 2 | 99 | Always | See Coding | 1 = Scheduled Interest, Scheduled Principal 2 = Actual Interest, Actual Principal 3 = Scheduled Interest, Actual Principal 99 = Unknown |
|
5 | Originator | The MERS Organization ID of the entity that lends funds to the borrower and, in return, places a lien on the mortgage property as collateral. | General Information | Numeric – Integer | 5938671 | 9(7) | Always | “9999999” if Unknown | ||
6 | Loan Group | Indicates the collateral group number in which the loan falls (for structures with multiple collateral groups). Use “1” if there is only one loan group. | General Information | Text | 1A | XXXX | Always | “UNK” if Unknown | ||
7 | Loan Number | Unique National Mortgage Loan ID Number (Vendor TBD). | General Information | Numeric – Integer | TBD | TBD | Always | TBD | Details to be provided by Vendor | |
8 | Amortization Type | Indicates whether the loan’s interest rate is fixed or adjustable (Hybrid ARMs are adjustable). | Loan Type | Numeric – Integer | 2 | 99 | Always | See Coding | 1 = Fixed 2 = Adjustable 99 = Unknown |
|
9 | Lien Position | A number indicating the loan’s lien position (1 = first lien, etc.). | Loan Type | Numeric – Integer | 1 | 99 | Always | >0 | 99 = Unknown | |
10 | HELOC Indicator | Indicates whether the loan is a home equity line of credit. | Loan Type | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
|
11 | Loan Purpose | Indicates the purpose of the loan. | Loan Type | Numeric – Integer | 9 | 99 | Always | See Coding | See Appendix A | |
12 | Cash Out Amount | Cash Out
Amount: [New Loan] – [PIF Prior First Lien] – [Payoff of all Seasoned Seconds] – [Closing Costs] –
[Prepays] For delayed purchases (refinances on homes purchased < 12 months prior to the mortgage application) with cash) Cash Out Amount = 0. |
Loan Type | Numeric – Decimal | 72476.5 | 9(10).99 | Always | >= 0 | ||
13 | Total Origination and Discount Points (in dollars) | Amount paid to the lender to increase the lender’s effective yield and, in the case of discount points, to reduce the interest rate paid by the borrower. | Loan Type | Numeric – Decimal | 5250 | 9(10).99 | Always | >= 0 | Typically Lines 801 and 802 of HUD Settlement Statement | |
14 | Covered/High Cost Loan Indicator | Indicates whether the loan is categorized as “high cost” or “covered” according to state or federal statutes or regulations. | Loan Type | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
|
15 | Relocation Loan Indicator | Indicates whether the loan is part of a corporate relocation program. | Loan Type | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
|
16 | Broker Indicator | Indicates whether a broker took the application. | Loan Type | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
|
17 | Channel | Code indicating the source (channel) from which the Issuer obtained the mortgage loan. | Loan Type | Numeric – Integer | 2 | 99 | Always | See Coding | 1 = Retail 2 = Broker 3 = Correspondent Bulk 4 = Correspondent Flow with delegated underwriting 5 = Correspondent Flow without delegated underwriting 99 = Unknown |
|
18 | Escrow Indicator | Indicates whether various homeownership expenses are paid by the borrower directly or through an escrow account (as of securitization cut-off date). | Loan Type | Numeric – Integer | 3 | 99 | Always | See Coding | 0 = No Escrows 1 = Taxes 2 = Insurance 3 = HOA dues 4 = Taxes and Insurance 5 = All 99 =Unknown |
|
19 | Senior Loan Amount(s) | For non-first mortgages, the sum of the balances of all associated senior mortgages at the time of origination of the subordinate lien. | Mortgage Lien Info | Numeric – Decimal | 611004.25 | 9(10).99 | If Lien Position > 1 | >= 0 | ||
20 | Loan Type of Most Senior Lien | For non-first mortgages, indicates whether the associated first mortgage is a Fixed, ARM, Hybrid, or negative amortization loan. | Mortgage Lien Info | Numeric – Integer | 2 | 99 | If Lien Position > 1 | See Coding | 1 = Fixed Rate 2 = ARM 3 = Hybrid 4 = Neg Am 99 = Unknown |
|
21 | Hybrid Period of Most Senior Lien (in months) | For non-first mortgages where the associated first mortgage is a hybrid ARM, the number of months remaining in the initial fixed interest rate period for the hybrid first mortgage. | Mortgage Lien Info | Numeric – Integer | 23 | 999 | If Lien Position > 1 AND the most senior lien is a hybrid ARM (see Field 20) |
>= 0 | ||
22 | Neg Am Limit of Most Senior Lien | For non-first mortgages where the associated first mortgage features negative amortization, the maximum percentage by which the negatively amortizing balance may increase (expressed as a proportion of the senior lien’s original balance). | Mortgage Lien Info | Numeric – Decimal | 1.25 | 9.999999 | If Lien Position > 1 AND the senior lien is Neg Am (see Field 20) |
>= 1 and <= 2 | ||
23 | Junior Mortgage Balance | For first mortgages with subordinate liens at the time of origination, the combined balance of the subordinate liens (if known). | Mortgage Lien Info | Numeric – Decimal | 51775.12 | 9(10).99 | If Lien Position = 1 and there is a 2nd lien on the subject property | >= 0 | Subject to Regulatory Confirmation | |
24 | Origination Date of Most Senior Lien | For non-first mortgages, the origination date of the associated first mortgage. | Mortgage Lien Info | Date | 20090914 | YYYYMMDD | If Lien Position > 1 and there is a 2nd lien on the subject property | “19010101” if unknown | ||
25 | Origination Date | The date of the Mortgage Note and Mortgage/Deed of Trust | Loan Term and Amortization Type | Date | 20090914 | YYYYMMDD | Always | “19010101” if unknown | ||
26 | Original Loan Amount | The dollar amount of the mortgage loan, as specified on the mortgage note at the time of the loan’s origination. For HELOCs, the maximum available line of credit. | Loan Term and Amortization Type | Numeric – Decimal | 150000 | 9(10).99 | Always | >0 | ||
27 | Original Interest Rate | The original note rate as indicated on the mortgage note. | Loan Term and Amortization Type | Numeric – Decimal | 0.0475 | 9.999999 | Always | > 0 and <= 1 | ||
28 | Original Amortization Term | The number of months in which the loan would be retired if the amortizing principal and interest payment were to be paid each month. | Loan Term and Amortization Type | Numeric – Integer | 360 | 999 | Always | >= 60 | ||
29 | Original Term to Maturity | The initial number of months between loan origination and the loan maturity date, as specified on the mortgage note. | Loan Term and Amortization Type | Numeric – Integer | 60 | 999 | Always | >0 | N/A | |
30 | First Payment Date of Loan | The date of the first scheduled mortgage payment to be made by the borrower as specified on the mortgage note. | Loan Term and Amortization Type | Date | 20090914 | YYYYMMDD | Always | “19010101” if unknown | N/A | |
31 | Interest Type Indicator | Indicates whether the interest rate calculation method is simple or actuarial. | Loan Term and Amortization Type | Numeric – Integer | 2 | 99 | Always | See Coding | 1= Simple 2 = Actuarial 99 = Unknown |
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32 | Original Interest Only Term | Original interest-only term for a loan in months (including NegAm Loans). | Loan Term and Amortization Type | Numeric – Integer | 60 | 999 | Always | >= 0 and <= 240 Unknown = Blank; No Interest Only Term = 0 |
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33 | Buy Down Period | The total number of months during which any buy down is in effect, representing the accumulation of all buy down periods. | Loan Term and Amortization Type | Numeric – Integer | 65 | 999 | Always | >= 0 and <= 100 Unknown = Blank; No Buy Down = 0 |
||
34 | HELOC Draw Period | The original number of months during which the borrower may draw funds against the HELOC account. | Loan Term and Amortization Type | Numeric – Integer | 24 | 999 | HELOCs Only | >= 12 and <= 120 | ||
35 | Scheduled Loan Amount | Mortgage loan scheduled principal balance as of cut-off date. For HELOCs, the current drawn amount. | Loan Term and Amortization Type | Numeric – Decimal | 248951.19 | 9(10).99 | Always | >= 0 | ||
36 | Current Interest Rate | The interest rate used to calculate the current P&I or I/O payment. | Loan Term and Amortization Type | Numeric – Decimal | 0.05875 | 9.999999 | Always | > 0 and <= 1 | ||
37 | Current Payment Amount Due | Next Total Payment due to be collected (including principal, interest or both—but Exclude Escrow Amounts). | Loan Term and Amortization Type | Numeric – Decimal | 1250.15 | 9(10).99 | Always | > 0 | ||
38 | Scheduled
Interest Paid Through Date |
Loan Term and Amortization Type | Date | 20090429 | YYYYMMDD | Always | “19010101” if unknown | |||
39 | Current Payment Status | Number of payments the borrower is past due as of the securitization cut-off date. | Loan Term and Amortization Type | Numeric – Integer | 3 | 99 | Always | >= 0 | ||
40 | Index Type | Specifies the type of index to be used to determine the interest rate at each adjustment. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 18 | 99 | ARMs Only | See Coding | See Appendix B | |
41 | ARM Look-back Days | The number of days prior to the interest rate adjustment date to retrieve the index value. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 45 | 99 | ARMs Only | >= 0 to <=99 | ||
42 | Gross Margin | The percentage stated on the mortgage note representing the spread between the ARM Index value and the mortgage interest rate. The gross mortgage margin is added to the index value to establish a new gross interest rate in the manner prescribed on the mortgage note. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.03 | 9.999999 | ARMs Only | >0 and <= 1 | ||
43 | ARM Round Flag | An indicator of whether an adjusted interest rate is rounded to the next higher ARM round factor, to the next lower round factor, or to the nearest round factor. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 3 | 9 | ARMs Only | See Coding | 0 = No Rounding 1 = Up 2 = Down 3 = Nearest 99=Unknown |
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44 | ARM Round Factor | The percentage to which an adjusted interest rate is to be rounded. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.0025 or 0.00125 | 9.999999 | ARMs Only Where ARM Round Flag = 1, 2, or 3 |
>= 0 and < 1 | ||
45 | Initial Fixed Rate Period | For hybrid ARMs, the period between the first payment date of the mortgage and the first interest rate adjustment date. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 60 | 999 | Hybrid ARMs Only | >= 1 to <=240 | ||
46 | Initial Interest Rate Cap (Change Up) | The maximum percentage by which the mortgage note rate may increase at the first interest rate adjustment date. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.02 | 9.999999 | ARMs Only | >= 0 and <= 1 | 99=no cap | |
47 | Initial Interest Rate Cap (Change Down) | The maximum percentage by which the mortgage note rate may decrease at the first interest rate adjustment date. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.02 | 9.999999 | ARMs Only | >= 0 and <= 1 | 99=no cap | |
48 | Subsequent Interest Rate Reset Period | The number of months between subsequent rate adjustments. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 60 | 999 | ARMs Only | >=0 and <= 120 | 0 = Loan does not adjust after initial reset | |
49 | Subsequent Interest Rate (Change Down) | The maximum percentage by which the interest rate may decrease at each rate adjustment date after the initial adjustment. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.02 | 9.999999 | ARMs Only | >= 0 and <= 1 | 99=no cap | |
50 | Subsequent Interest Rate Cap (Change Up) | The maximum percentage by which the interest rate may increase at each rate adjustment date after the initial adjustment. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.02 | 9.999999 | ARMs Only | >= 0 and <= 1 | 99=no cap | |
51 | Lifetime Maximum Rate (Ceiling) | The maximum interest rate that can be in effect during the life of the loan. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.125 | 9.999999 | ARMs Only | >= 0 and <= 1 | =1 if no ceiling specified | |
52 | Lifetime Minimum Rate (Floor) | The minimum interest rate that can be in effect during the life of the loan. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.015 | 9.999999 | ARMs Only | >= 0 and <= 1 | If no floor is specified enter the greater of the margin or 0. | |
53 | Negative Amortization Limit | The maximum amount of negative amortization allowed before recast is required. (Expressed as a percentage of the original unpaid principal balance.) | Negative Amortization | Numeric – Decimal | 1.25 | 9.999999 | Negatively Amortizing ARMs Only | >=0, and <2 | ||
54 | Initial Negative Amortization Recast Period | The number of months in which the payment is required to recast if the loan does not reach the prescribed maximum balance earlier. | Negative Amortization | Numeric – Integer | 60 | 999 | Negatively Amortizing ARMs Only | >=0 | ||
55 | Subsequent Negative Amortization Recast Period | The number of months after which the payment is required to recast AFTER the first recast period. | Negative Amortization | Numeric – Integer | 48 | 999 | Negatively Amortizing ARMs Only | >=0 | ||
56 | Initial Fixed Payment Period | Number of months after origination during which the payment is fixed. | Negative Amortization | Numeric – Integer | 60 | 999 | Negatively Amortizing Hybrid ARMs Only | >= 0 to <=120 | ||
57 | Subsequent Payment Reset Period | Number of months between payment adjustments after first payment reset. | Negative Amortization | Numeric – Integer | 12 | 999 | Negatively Amortizing ARMs Only | >= 0 to <=120 | ||
58 | Initial Periodic Payment Cap | The maximum percentage by which a payment can change (increase or decrease) in the first period. | Negative Amortization | Numeric – Decimal | 0.075 | 9.999999 | Negatively Amortizing ARMs Only | >= 0 and < 1 | ||
59 | Subsequent Periodic Payment Cap | The maximum percentage by which a payment can change (increase or decrease) in one period after the initial cap. | Negative Amortization | Numeric – Decimal | 0.075 | 9.999999 | Negatively Amortizing ARMs Only | >= 0 and < 1 | ||
60 | Initial Minimum Payment Reset Period | The maximum number of months a borrower can initially pay the minimum payment before a new minimum payment is determined. | Negative Amortization | Numeric – Integer | 12 | 999 | Negatively Amortizing ARMs Only | >= 0 to <=120 | ||
61 | Subsequent Minimum Payment Reset Period | The maximum number of months (after the initial period) a borrower can pay the minimum payment before a new minimum payment is determined after the initial period. | Negative Amortization | Numeric – Integer | 12 | 999 | Negatively Amortizing ARMs Only | >= 0 to <=120 | ||
62 | Option ARM Indicator | An indicator of whether the loan is an Option ARM. | Negative Amortization | Numeric – Integer | 1 | 99 | ARMs Only | See Coding | 0 = No 1 = Yes 99 = Unknown |
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63 | Options at Recast | The means of computing the lowest monthly payment available to the borrower after recast. | Option ARM | Numeric – Integer | 2 | 99 | Option ARMs Only | N/A | 1= Fully amortizing 30 year 2= Fully amortizing 15 year 3=Fully amortizing 40 year 4 = Interest-Only 5 = Minimum Payment 99= Unknown |
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64 | Initial Minimum Payment | The initial minimum payment the borrower is permitted to make. | Option ARM | Numeric – Decimal | 879.52 | 99 | Option ARMs Only | >=0 | ||
65 | Current Minimum Payment | Current Minimum Payment (in dollars). | Negative Amortization | Numeric – Decimal | 250 | 9(10).99 | Option ARMs Only | >= 0 | ||
66 | Prepayment Penalty Calculation | A description of how the prepayment penalty would be calculated during each phase of the prepayment penalty term. | Prepayment Penalties | Numeric – Integer | 12 | 99 | Always | See Coding | See Appendix C | |
67 | Prepayment Penalty Type | • Hard: The prepayment penalty is incurred regardless of the reason the loan is prepaid in full. • Hybrid: The prepayment penalty can be characterized as hard for a certain amount of time and as soft during another period. |
Prepayment Penalties | Numeric – Integer | 1 | 99 | All loans with Prepayment Penalties (i.e., loans for which Field 66 = something other than “0”) | See Coding | 1 = Hard 2 = Soft 3 = Hybrid 99 = Unknown |
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68 | Prepayment Penalty Total Term | The total number of months that the prepayment penalty may be in effect. | Prepayment Penalties | Numeric – Integer | 60 | 999 | All loans with Prepayment Penalties (i.e., loans for which Field 66 = something other than “0”) | >0 to <=120 | ||
69 | Prepayment Penalty Hard Term | For hybrid prepayment penalties, the number of months during which a “hard” prepayment penalty applies. | Prepayment Penalties | Numeric – Integer | 12 | 999 | Loans with Hybrid Prepayment Penalties (i.e., loans for which Field 67 = “3”) | >= 0 to <=120 | ||
70 | Primary Borrower ID | A lender-generated ID number for the primary borrower on the mortgage | Borrower | Numeric—Integer | 123456789 | 999999999 | Always | >0 | Used to identify the number of times a single borrower appears in a given deal. | |
71 | Number of Mortgaged Properties | The number of residential properties owned by the borrower that currently secure mortgage loans. | Borrower | Numeric – Integer | 1 | 99 | Always | > 0 | ||
72 | Total Number of Borrowers | The number of Borrowers who are obligated to repay the mortgage note. | Borrower | Numeric – Integers | 2 | 99 | Always | > 0 | ||
73 | Self-employment Flag | An indicator of whether the primary borrower is self-employed. | Borrower | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
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74 | Current ‘Other’ Monthly Payment | The aggregate of all payments pertaining to the subject property other than principal and interest (includes common charges, condo fees, T&I, HOA, etc.), whether escrowed or not. | Loan Term and Amortization Type | Numeric – Decimal | 1789.25 | 9(10).99 | Always | > 0 | ||
75 | Length of Employment: Borrower | The number of years of service with the borrower’s current employer as of the date of the loan. | Borrower Qualification | Numeric – Decimal | 3.5 | 99.99 | Always | >=0 | 99 = Retired, None employment income soure (social security, trust income, dividends, etc.) | |
76 | Length of Employment: Co-Borrower | The number of years of service with the co-borrower’s current employer as of the date of the loan. | Borrower Qualification | Numeric – Decimal | 3.5 | 99.99 | If “Total Number of Borrowers” > 1 | >= 0 | 99 = Retired, None employment income soure (social security, trust income, dividends, etc.) | |
77 | Years in Home | Length of time that the borrower has been at current address. | Borrower Qualification | Numeric – Decimal | 14.5 | 99.99 | Refinances of Primary Residences Only (Loan Purpose = 1, 2, 3, 4, 8 or 9) | > 0 | ||
78 | FICO Model Used | Indicates whether the FICO score was calculated using the Classic, Classic 08, or Next Generation model. | Borrower Qualification | Numeric – Integer | 1 | 99 | If a FICO score was obtained | See Coding | 1 = Classic 2 = Classic 08 3 = Next Generation 99 = Unknown |
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79 | Most Recent FICO Date | Specifies the date on which the most recent FICO score was obtained | Borrower Qualification | Date | 20090914 | YYYYMMDD | If a FICO score was obtained | “19010101” if unknown | Issuers unable to Provide may Rep and Warrant that the FICO score used for underwriting was not more than 4 months old at the date of issuance. | |
80 | Primary Wage Earner Original FICO: Equifax | Equifax FICO score for primary borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a FICO score was obtained | >= 350 and <= 850 | ||
81 | Primary Wage Earner Original FICO: Experian | Experian FICO score for primary borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a FICO score was obtained | >= 350 and <= 850 | ||
82 | Primary Wage Earner Original FICO: TransUnion | TransUnion FICO score for primary borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a FICO score was obtained | >= 350 and <= 850 | ||
83 | Secondary Wage Earner Original FICO: Equifax | Equifax FICO score for Co-borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If “Total Number of Borrowers” > 1 | >= 350 and <= 850 | ||
84 | Secondary Wage Earner Original FICO: Experian | Experian FICO score for Co-borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If “Total Number of Borrowers” > 1 | >= 350 and <= 850 | ||
85 | Secondary Wage Earner Original FICO: TransUnion | TransUnion FICO score for Co-borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If “Total Number of Borrowers” > 1 | >= 350 and <= 850 | ||
86 | Most Recent Primary Borrower FICO | Most Recent Primary Borrower FICO score used by the lender to approve the loan. | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a FICO score was obtained | >= 350 and <= 850 | ||
87 | Most Recent Co-Borrower FICO | Most Recent Co-Borrower FICO score used by the lender to approve the loan. | Borrower Qualification | Numeric – Integer | 720 | 9999 | If “Total Number of Borrowers” > 1 | >= 350 and <= 850 | ||
88 | Most Recent FICO Method | Number of credit repositories used to update the FICO Score. | Borrower Qualification | Numeric – Integer | 2 | 9 | If a FICO score was obtained | >0 | ||
89 | VantageScore: Primary Borrower | Credit Score for the Primary Borrower used to approve the loan and obtained using the Vantage credit evaluation model. | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a Vantage Credit Score was obtained | >= 501 and <= 990 | ||
90 | VantageScore: Co-Borrower | Credit Score for the Co-borrower used to approve the loan and obtained using the Vantage credit evaluation model. | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a VantageScore was obtained AND “Total Number of Borrowers” > 1 | >= 501 and <= 990 | ||
91 | Most Recent VantageScore Method | Number of credit repositories used to update the Vantage Score. | Borrower Qualification | Numeric – Integer | 2 | 9 | If a Vantage Credit Score was obtained | >0 | ||
92 | VantageScore Date | Date Vantage Credit Score was obtained. | Borrower Qualification | Date | 20090914 | YYYYMMDD | If a Vantage Credit Score was obtained | “19010101” if unknown | ||
93 | Credit Report: Longest Trade Line | The length of time in months that the oldest active trade line, installment or revolving, has been outstanding. For a loan with more than one borrower, populate field based on status for the primary borrower. | Borrower Qualification | Numeric – Integer | 999 | 999 | Always | > =0 | Subject to Regulatory Confirmation | |
94 | Credit Report: Maximum Trade Line | The dollar amount for the trade line, installment or revolving, with the largest unpaid balance. For revolving lines of credit, e.g. credit card, the dollar amount reported should reflect the maximum amount of credit available under the credit line whether used or not. For a loan with more than one borrower, populate field based on status for the primary borrower. | Borrower Qualification | Numeric – Decimal | 339420.19 | 9(10).99 | Always | >=0 | Subject to Regulatory Confirmation | |
95 | Credit Report: Number of Trade Lines | A count of non-derogatory, currently open and active, consumer trade lines (installment or revolving) for the borrower. For a loan with more than one borrower, populate field based on status for the primary borrower. | Borrower Qualification | Numeric – Integer | 57 | 999 | Always | >=0 | Subject to Regulatory Confirmation | |
96 | Credit Line Usage Ratio | Sum of credit balances divided by sum of total open credit available. | Borrower Qualification | Numeric – Decimal | 0.27 | 9.999999 | Always | >= 0 and <= 1 | Subject to Regulatory Confirmation | |
97 | Most Recent 12-month Pay History | String indicating the payment status per month listed from oldest to most recent. | Borrower Qualification | Text | 77X123200001 | X(12) | Always | See Coding | 0 = Current 1 = 30-59 days delinquent 2 = 60-89 days delinquent 3 = 90-119 days delinquent 4 = 120+ days delinquent 5 = Foreclosure 6 = REO 7 = Loan did not exist in period X = Unavailable |
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98 | Months Bankruptcy | Number of months since any borrower was discharged from bankruptcy. (Issuers unable to provide this information may rep and warrant that at least x years—as specified in the loan program—have passed since most recent discharge from bankruptcy.) | Borrower Qualification | Numeric – Integer | 12 | 999 | If Borrower has ever been in Bankruptcy | >= 0 | Blank = Borrower is not known to have been in bankruptcy | |
99 | Months Foreclosure | Number of months since foreclosure sale date. (Issuers unable to provide this information may rep and warrant that at least x years—as specified in the loan program— have passed since most recent foreclosure.) | Borrower Qualification | Numeric – Integer | 12 | 999 | If Borrower has ever been in Foreclosure | >= 0 | Blank = Borrower is not known to have been in foreclosure | |
100 | Primary Borrower Wage Income | Monthly base wage income for primary borrower. | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | Always | >= 0 | ||
101 | Co-Borrower Wage Income | Monthly base wage income for all other borrowers. | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | If “Total Number of Borrowers” > 1 | >= 0 | ||
102 | Primary Borrower Other Income | Monthly Other (non-wage) income for primary borrower. (This figure should include net rental income and be reduced by any net rental loss.) | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | Always | >= 0 | ||
103 | Co-Borrower Other Income | Monthly Other (non-wage) income for all other borrowers. (This figure should include net rental income and be reduced by any net rental loss.) | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | If “Total Number of Borrowers” > 1 | >= 0 | ||
104 | All Borrower Wage Income | Monthly income of all borrowers derived from base salary only. | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | Always | >= 0 | ||
105 | All Borrower Total Income | Monthly income of all borrowers derived from base salary, commission, tips and gratuities, overtime and bonuses, part-time or second-job earnings, alimony, child support, interest and dividend income, notes receivable, trust income, net rental income, retirement income, social security, veterans income, military income, foster care income, and self-employed income. | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | Always | >= 0 | ||
106 | 4506-T Indicator | A yes/no indicator of whether a Transcript of Tax Return (received pursuant to the filing of IRS Form 4506-T) was obtained and considered. | Borrower Qualification | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
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107 | Borrower Income Verification Level | A code indicating the extent to which the borrower’s income has been verified: Level 4 Income Verification = [W-2 (Prev. Yr.) OR TAX RETURNS* (Prev. Yr.)] AND PAY STUBS (YTD (at least one month)–if salaried) Level 5 Income Verification = 24 months income verification (W-2s, pay stubs, bank statements and/or tax returns**) *For self-employed
borrowers: Level 4 Income Verification:
|
Borrower Qualification | Numeric – Integer | 1 | 9 | Always | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, “Level 4” Verified (as defined) 5 = Stated, “Level 5” Verified (as defined) |
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108 | Co-Borrower Income Verification | A code indicating the extent to which the co-borrower’s income has been verified: Level 4 Income Verification = [W-2 (Prev. Yr.) OR TAX RETURNS* (Prev. Yr.)] AND PAY STUBS (YTD (at least one month)–if salaried) Level 5 Income Verification = 24 months income verification (W-2s, pay stubs, bank statements and/or tax returns**) *For self-employed borrowers:
Level 4 Income Verification: |
Borrower Qualification | Numeric – Integer | 2 | 9 | If “Total Number of Borrowers” > 1 | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, “Level 4” Verified (as defined) 5 = Stated, “Level 5” Verified (as defined) |
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109 | Borrower Employment Verification | A code indicating the extent to which the primary borrower’s employment has been verified: Level 3 Verified = Direct Independent Verification with a third party of the borrower’s current employment. |
Borrower Qualification | Numeric – Integer | 2 | 9 | Always | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, Level 3 Verified (as defined) |
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110 | Co-Borrower Employment Verification | A code indicating the extent to which the co-borrower’s employment has been verified: Level 3 Verified = Direct Independent Verification with a third party of the co-borrower’s current employment. |
Borrower Qualification | Numeric – Integer | 1 | 9 | If “Total Number of Borrowers” > 1 | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, Level 3 Verified (as defined) |
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111 | Borrower Asset Verification | A code indicating the extent to which the primary borrower’s assets used to qualify the loan have been verified: Level 4 Verified = 2 months of bank statements/balance documentation (written or electronic) for liquid assets (or gift letter). |
Borrower Qualification | Numeric – Integer | 3 | 9 | Always | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, Level 4 Verified (as defined) |
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112 | Co-Borrower Asset Verification | A code indicating the extent to which the co-borrower’s assets used to qualify the loan have been verified: Level 4 = 2 months of bank statements/balance documentation (written or electronic) for liquid assets (or gift letter). |
Borrower Qualification | Numeric – Integer | 2 | 9 | If “Total Number of Borrowers” > 1 | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, Level 4 Verified (as defined) |
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113 | Liquid / Cash Reserves | The actual dollar amount of remaining verified liquid assets after settlement. (This should not include cash out amount of subject loan.) | Borrower Qualification | Numeric – Decimal | 3242.76 | 9(9).99 | Always | >= 0 | ||
114 | Monthly Debt All Borrowers | The aggregate monthly payment due on other debt (excluding only installment loans with fewer than 10 payments remaining and other real estate loans used to compute net rental income-- which is added/subtracted in the income fields). | Borrower Qualification | Numeric – Decimal | 3472.43 | 9(9).99 | Always | >= 0 | ||
115 | Originator DTI | Total Debt to income ratio used by the originator to qualify the loan. | Borrower Qualification | Numeric – Decimal | 0.35 | 9.999999 | Always | >= 0 and >= 1 | ||
116 | Fully Indexed Rate | The fully indexed interest rate as of securitization cut-off. | Borrower Qualification | Numeric – Decimal | 0.0975 | 9.999999 | ARMs Only | >= 0 and >= 1 | ||
117 | Qualification Method | Type of mortgage payment used to qualify the borrower for the loan. | Borrower Qualification | Numeric – Integer | 3 | 99 | Always | See Coding | 1 = Start Rate 2 = First Year Cap Rate 3 = I/O Amount 4 = Fully Indexed 5 = Min Payment 98 = Other 99 = Unknown |
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118 | Percentage of Down Payment from Borrower Own Funds | Include only borrower funds, do not include any gift or borrowed funds. (Issuers may provide the actual percentage for each loan, or the guideline percentage and note departure concentration on the transaction summary.) | Borrower Qualification | Numeric – Decimal | 0.5 | 9.999999 | Purchase Loans Only | >= 0 and >= 1 | ||
119 | City | The name of the city. | Subject Property | Text | New York | X(45) | Always | Unk=Unknown | ||
120 | State | The name of the state as a 2-digit Abbreviation. | Subject Property | Text | NY | XX | Always | See Coding | See Appendix H | |
121 | Postal Code | The postal code (zip code in the US) where the subject property is located. | Subject Property | Text | 10022 | X(5) | Always | Unk=Unknown | ||
122 | Property Type | Specifies the type of property being used to secure the loan. | Subject Property | Numeric – Integer | 11 | 99 | Always | See Coding | See Appendix D | |
123 | Occupancy | Specifies the property occupancy status (e.g., owner-occupied, investment property, second home, etc.). | Subject Property | Numeric – Integer | 4 | 9 | Always | See Coding | See Appendix E | |
124 | Sales Price | The negotiated price of a given property between the buyer and seller. | Subject Property | Numeric – Decimal | 450000.23 | 9(10).99 | Purchase Loans Only | > 0 | ||
125 | Original Appraised Property Value | The appraised value of the property used to approve the loan. | Subject Property | Numeric – Decimal | 550000.23 | 9(10).99 | Always | > 0 | ||
126 | Original Property Valuation Type | Specifies the method by which the property value (at the time of underwriting) was reported. | Subject Property | Numeric – Integer | 8 | 99 | Always | See Coding | See Appendix F | |
127 | Original Property Valuation Date | Specifies the date on which the original property value (at the time of underwriting) was reported. (Issuers unable to provide may Rep and Warrant that the appraisal used for underwriting was not more than x days old at time of loan closing.) | Subject Property | Date | 20090914 | YYYYMMDD | Always | “19010101” if unknown | ||
128 | Original Automated Valuation Model (AVM) Model Name | The name of the AVM Vendor if an AVM was used to determine the original property valuation. | Subject Property | Numeric – Integer | 1 | 99 | Always | See Appendix I | See Appendix I | |
129 | Original AVM Confidence Score | The confidence range presented on the AVM report. | Subject Property | Numeric – Decimal | 0.74 | 9.999999 | If AVM Model Name (Field 127) > 0 | >= 0 to <= 1 | ||
130 | Most Recent Property Value[1] | If a valuation was obtained subsequent to the valuation used to calculate LTV, the most recent property value. | Subject Property | Numeric – Decimal | 500000 | 9(10).99 | If updated value was obtained subsequent to loan approval | > 0 | ||
131 | Most Recent Property Valuation Type | If an additional property valuation was obtained after the valuation used for underwriting purposes, the method by which the property value was reported. | Subject Property | Numeric – Integer | 6 | 9 | If updated value was obtained subsequent to loan approval | See Coding | See Appendix F | |
132 | Most Recent Property Valuation Date | Specifies the date on which the updated property value was reported. | Subject Property | Date | 20090914 | YYYYMMDD | If updated value was obtained subsequent to loan approval | “19010101” if unknown | ||
133 | Most Recent AVM Model Name | The name of the AVM Vendor if an AVM was used to determine the updated property valuation. | Subject Property | Numeric – Integer | 19 | 99 | If updated value was obtained subsequent to loan approval | See Coding | See Appendix I | |
134 | Most Recent AVM Confidence Score | If AVM used to determine the updated property valuation, the confidence range presented on the AVM report. | Subject Property | Numeric – Decimal | 0.85 | 9.999999 | If “Most Recent AVM Model Name” > 0 | >= 0 to <= 1 | ||
135 | Original CLTV | The ratio obtained by dividing the amount of all known outstanding mortgage liens on a property at origination by the lesser of the appraised value or the sales price. The value is then truncated to four decimal places. | Loan-to-Value (LTV) | Numeric – Decimal | 0.96 | 9.999999 | Always | >= 0 and <= 1.5 | ||
136 | Original LTV | The ratio obtained by dividing the original mortgage loan amount on the note date by the lesser of the mortgaged property’s appraised value on the note date or its purchase price. The value is then truncated to four decimal places. | Loan-to-Value (LTV) | Numeric – Decimal | 0.8 | 9.999999 | Always | >= 0 and <= 1.25 | ||
137 | Original Pledged Assets | The total value of assets pledged as collateral for the loan at the time of origination. Pledged assets may include cash or marketable securities. | Loan-to-Value (LTV) | Numeric – Decimal | 75000 | 9(10).99 | Always | >=0 | ||
138 | Mortgage Insurance Company Name | The name of the entity providing mortgage insurance for a loan. | Mortgage Insurance | Numeric – Integer | 3 | 99 | Always | See Coding | See Appendix G | |
139 | Mortgage Insurance Percent | Mortgage Insurance coverage percentage. | Mortgage Insurance | Numeric – Decimal | 0.25 | 9.999999 | “Mortgage Insurance Company Name” > 0 | >= 0 to <= 1 | ||
140 | MI: Lender or Borrower Paid? | An indicator of whether mortgage insurance is paid by the borrower or the lender. | Mortgage Insurance | Numeric – Integer | 1 | 99 | “Mortgage Insurance Company Name” > 0 | See Coding | 1 = Borrower-Paid 2 = Lender- Paid 99 = Unknown |
|
141 | Pool Insurance Co. Name | Name of pool insurance provider. | Mortgage Insurance | Numeric – Integer | 8 | 99 | Always | See Coding | See Appendix G | |
142 | Pool Insurance Stop Loss % | The aggregate amount that a pool insurer will pay, calculated as a percentage of the pool balance. | Mortgage Insurance | Numeric – Decimal | 0.25 | 9.999999 | Pool MI Company > 0 | >= 0 to <= 1 | ||
143 | MI Certificate Number | The unique number assigned to each individual loan insured under an MI policy. | Mortgage Insurance | Text | 123456789G | X(20) | MI Company > 0 |
UNK = Unknown | ||
144 | Updated DTI (Front-end) |
Updated front-end DTI ratio (total monthly housing expense divided by total monthly income) used to qualify the loan modification. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.35 | 9.999999 | Modified Loans Only | >= 0 and >= 1 | ||
145 | Updated DTI (Back-end) |
Updated back-end DTI ratio (total monthly debt expense divided by total monthly income) used to qualify the loan modification. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.35 | 9.999999 | Modified Loans Only | >= 0 and >= 1 | ||
146 | Modification Effective Payment Date | Date of first payment due post modification. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Date | 20090914 | YYYYMMDD | Modified Loans Only | “19010101” if unknown | ||
147 | Total Capitalized Amount | Amount added to the principal balance of a loan due to the modification. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 12000 | 9(10).99 | Modified Loans Only | >= 0 | ||
148 | Total Deferred Amount | Any non-interest-bearing deferred amount (e.g., principal, interest and fees). | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 12000 | 9(10).99 | Modified Loans Only | >= 0 | ||
149 | Pre-Modification Interest (Note) Rate | Scheduled Interest Rate Of The Loan Immediately Preceding The Modification Effective Payment Date. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.075 | 9.999999 | Modified Loans Only | >= 0 to <= 1 | ||
150 | Pre-Modification P&I Payment | Scheduled Total Principal And Interest Payment Amount Preceding The Modification Effective Payment Date – or if servicer is no longer advancing P&I, the payment that would be in effect if the loan were current. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 2310.57 | 9(10).99 | Modified Loans Only | > 0 | ||
151 | Pre-Modification Initial Interest Rate Change Downward Cap | Maximum amount the rate can adjust downward on the first interest rate adjustment date (prior to modification) – Only provide if the rate floor is modified. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.015 | 9.999999 | Modified Loans Only | >= 0 to <= 1 | ||
152 | Pre-Modification Subsequent Interest Rate Cap | Maximum increment the rate can adjust upward AFTER the initial rate adjustment (prior to modification) – Only provide if the Cap is modified. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.015 | 9.999999 | Modified Loans Only | >= 0 to <= 1 | ||
153 | Pre-Modification Next Interest Rate Change Date | Next Interest Reset Date Under The Original Terms Of The Loan (one month prior to new payment due date). | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Date | 20090914 | YYYYMMDD | Modified Loans Only | “19010101” if unknown | ||
154 | Pre-Modification I/O Term | Interest Only Term (in months) preceding The Modification Effective Payment Date. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Integer | 36 | 999 | Modified Loans Only | >= 0 to <= 120 | ||
155 | Forgiven Principal Amount | The sum total of all principal balance reductions (as a result of loan modification) over the life of the loan. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 12000 | 9(10).99 | Modified Loans Only | >= 0 | ||
156 | Forgiven Interest Amount | The sum total of all interest incurred and forgiven (as a result of loan modification) over the life of the loan. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 12000 | 9(10).99 | Modified Loans Only | >= 0 | ||
157 | Number of Modifications | The number of times the loan has been modified. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Integer | 1 | 9 | Modified Loans Only | >= 0 | ||
158 | Cash To/From Brrw at Closing | Indicates
the amount of cash the borrower(s) paid into or received at closing. [HUD-1 Bottom Line] + [Earnest money] + [Paid Outside Closing Items] |
Numeric – Decimal | 100000.01 | 9(10).99 | |||||
159 | Brrw - Yrs at in Industry | Number of years the primary borrower has been working in their current industry | Numeric – Decimal | 9.9 | 9.999999 | |||||
160 | CoBrrw - Yrs at in Industry | Number of years the co-borrower has been working in their current industry | Numeric – Decimal | 8 | 9.999999 | |||||
161 | Junior Mortgage Drawn Amount | Applicable if the subject loan is a first mortgage. At the time of origination for the subject loan, the sum of the outstanding balance(s) for any junior mortgages (HELOCs and closed-end). | Numeric – Decimal | 100000.01 | 9(10).99 | |||||
162 | Maturity Date | Maturity date of mortgage | Date | 20420501 | YYYYMMDD | |||||
163 | Primary Borrower Wage Income (Salary) | The primary borrower's salary wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
164 | Primary Borrower Wage Income (Bonus) | The primary borrower's bonus wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
165 | Primary Borrower Wage Income (Commission) | The primary borrower's commission wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
166 | Co-Borrower Wage Income (Salary) | The coborrower's salary wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
167 | Co-Borrower Wage Income (Bonus) | The coborrower's bonus wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
168 | Co-Borrower Wage Income (Commission) | The coborrower's commission wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
169 | Originator Doc Code | Documentation Code value as presented by the seller. | Text | Full | XXXX | |||||
170 | RWT Income Verification | Internal Redwood Derived field. Due Diligence / Trade Desk derived value indicating the level of primary borrower asset verification | Text | 2 Years | XXXX | |||||
171 | RWT Asset Verification | Internal Redwood Derived field. Due Diligence / Trade Desk derived value indicating the level of primary borrower Income verification | Text | 2 Months | XXXX | |||||
MH-1 | Real Estate Interest | Indicates whether the property on which the manufactured home is situated is owned outright or subject to the terms of a short- or long-term lease. (A long-term lease is defined as a lease whose term is greater than or equal to the loan term.) | Manufactured Housing | Numeric – Integer | 2 | 99 | Manufactured Housing Loans Only | See Coding | 1 = Owned 2 = Short-term lease 3 = Long-term lease 99 = Unavailable |
|
MH-2 | Community Ownership Structure | If the manufactured home is situated in a community, a means of classifying ownership of the community. | Manufactured Housing | Numeric – Integer | 2 | 99 | Manufactured Housing Loans Only | See Coding | 1 = Public Institutional 2 = Public Non-Institutional 3 = Private Institutional 4 = Private Non-Institutional 5 = HOA-Owned 6 = Non-Community 99 = Unavailable |
|
MH-3 | Year of Manufacture | The year in which the home was manufactured (Model Year -- YYYY Format). Required only in cases where a full appraisal is not provided. | Manufactured Housing | Numeric – Integer | 2006 | YYYY | Manufactured Housing Loans Only | 1901 = Unavailable | ||
MH-4 | HUD Code Compliance Indicator (Y/N) | Indicates whether the home was constructed in accordance with the 1976 HUD code. In general, homes manufactured after 1976 comply with this code. | Manufactured Housing | Numeric – Integer | 1 | 9 | Manufactured Housing Loans Only | See Codes | 0 = No 1 = Yes 99 = Unavailable |
|
MH-5 | Gross Manufacturer’s Invoice Price | The total amount that appears on the manufacturer’s invoice (typically includes intangible costs such as transportation, association, on-site setup, service and warranty costs, taxes, dealer incentives, and other fees). | Manufactured Housing | Numeric – Decimal | 72570.62 | 9(10).99 | Manufactured Housing Loans Only | >= 0 | ||
MH-6 | LTI (Loan-to-Invoice) Gross | The ratio of the loan amount divided by the Gross Manufacturer’s Invoice Price (Field MH-5). | Manufactured Housing | Numeric – Decimal | 0.75 | 9.999999 | Manufactured Housing Loans Only | >= 0 to <= 1 | ||
MH-7 | Net Manufacturer’s Invoice Price | The Gross Manufacturer’s Invoice Price (Field MH-5) minus intangible costs, including: transportation, association, on-site setup, service, and warranty costs, taxes, dealer incentives, and other fees. | Manufactured Housing | Numeric – Decimal | 61570.62 | 9(10).99 | Manufactured Housing Loans Only | >= 0 | ||
MH-8 | LTI (Net) | The ratio of the loan amount divided by the Net Manufacturer’s Invoice Price (Field MH-7). | Manufactured Housing | Numeric – Decimal | 0.62 | 9.999999 | Manufactured Housing Loans Only | >= 0 to <= 1 | ||
MH-9 | Manufacturer Name | The manufacturer of the subject property. (To be applied only in cases where no appraised value/other type of property valuation is available.) | Manufactured Housing | Text | “XYZ Corp” | Char (100) | Manufactured Housing Loans Only (where no appraised value is provided) | MH Manufacturer name in double quotation marks | ||
MH-10 | Model Name | The model name of the subject property. (To be applied only in cases where no appraised value/other type of property valuation is available.) | Manufactured Housing | Text | “DX5-916-X” | Char (100) | Manufactured Housing Loans Only (where no appraised value is provided) | MH Model name in double quotation marks | ||
MH-11 | Down Payment Source | An indicator of the source of the down payment used by the borrower to acquire the property and qualify for the mortgage. | Manufactured Housing | Numeric – Integer | 2 | 99 | Manufactured Housing Loans Only | See Codes | 1 = Cash 2 = Proceeds from trade in 3 = Land in Lieu 4 = Other 99 = Unavailable |
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MH-12 | Community/Related Party Lender (Y/N) | An indicator of whether the loan was made by the community owner, an affiliate of the community owner or the owner of the real estate upon which the collateral is located. | Manufactured Housing | Numeric – Integer | 1 | 99 | Manufactured Housing Loans Only | See Codes | 0 = No 1 = Yes 99 = Unavailable |
|
MH-13 | Defined Underwriting Criteria (Y/N) | An indicator of whether the loan was made in accordance with a defined and/or standardized set of underwriting criteria. | Manufactured Housing | Numeric – Integer | 1 | 99 | Manufactured Housing Loans Only | See Codes | 0 = No 1 = Yes 99 = Unavailable |
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MH-14 | Chattel Indicator | An Indicator of whether the secured property is classified as chattel or Real Estate. | Manufactured Housing | Numeric – Integer | 1 | 99 | Manufactured Housing Loans Only | See Codes | 0 = Real
Estate 1 = Chattel 99 = Unavailable |
ATTACHMENT 2
PURCHASE AGREEMENT
EXHIBIT 10.14
EXECUTION COPY |
FLOW MORTGAGE LOAN PURCHASE AND SALE AGREEMENT
between
CORNERSTONE MORTGAGE COMPANY
as Seller,
and
REDWOOD RESIDENTIAL ACQUISITION CORPORATION,
as Purchaser
September 1, 2011
Residential Mortgage Loans
(Servicing Released, Temporary Interim Servicing Period Only)
TABLE OF CONTENTS
Page | |||
SECTION 1. | Definitions | 1 | |
SECTION 2. | Purchase and Conveyance | 15 | |
SECTION 3. | Mortgage Loan Schedule | 15 | |
SECTION 4. | Purchase Price | 15 | |
SECTION 5. | Examination of Mortgage Files | 16 | |
SECTION 6. | Delivery of Mortgage Loan Documents | 16 | |
Subsection 6.01 | Possession of Mortgage Files | 16 | |
Subsection 6.02 | Books and Records | 17 | |
Subsection 6.03 | Delivery of Mortgage Loan Documents | 17 | |
Subsection 6.04 | RESPA Notice and Helping Families Notice | 18 | |
SECTION 7. | Representations, Warranties and Covenants; Remedies for Breach | 18 | |
Subsection 7.01 | Representations and Warranties Regarding Individual Mortgage Loans | 18 | |
Subsection 7.02 | Seller Representations and Covenants | 29 | |
Subsection 7.03 | Repurchase; Substitution | 31 | |
Subsection 7.04 | Repurchase of Mortgage Loans With Early Payment Default | 34 | |
Subsection 7.05 | Purchase Price Protection | 34 | |
SECTION 8. | Closing | 35 | |
Subsection 8.01 | Closing Conditions | 35 | |
Subsection 8.02 | Closing Documents | 35 | |
SECTION 9. | [Reserved.] | 36 | |
SECTION 10. | Costs | 36 | |
SECTION 11. | Interim Servicing; Servicing Transfer | 36 | |
Subsection 11.01 | Temporary Servicing of Mortgage Loans | 36 | |
Subsection 11.02 | Direction by Purchaser During Interim Servicing Period | 38 | |
Subsection 11.03 | Collection of Mortgage Loan Payments | 39 | |
Subsection 11.04 | Establishment of Custodial Account; Deposits in Custodial Account | 39 | |
Subsection 11.05 | Withdrawals From the Custodial Account | 40 | |
Subsection 11.06 | Establishment of Escrow Account; Deposits in Escrow Account | 41 | |
Subsection 11.07 | Withdrawals From Escrow Account | 42 |
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Page | |||
Subsection 11.08 | Payment of Taxes, Insurance and Other Charges; Collections Thereunder | 42 | |
Subsection 11.09 | Transfer of Accounts | 43 | |
Subsection 11.10 | Maintenance of Hazard Insurance | 43 | |
Subsection 11.11 | Maintenance of Primary Mortgage Insurance Policy; Claims | 44 | |
Subsection 11.12 | Fidelity Bond; Errors and Omissions Insurance | 44 | |
Subsection 11.13 | Title, Management and Disposition of REO Property | 45 | |
Subsection 11.14 | Servicing Compensation | 45 | |
Subsection 11.15 | Distributions | 46 | |
Subsection 11.16 | Statements to the Purchaser | 46 | |
Subsection 11.17 | [Reserved] | 47 | |
Subsection 11.18 | Assumption Agreements | 47 | |
Subsection 11.19 | Satisfaction of Mortgages and Release of Mortgage Files | 47 | |
Subsection 11.20 | Seller Shall Provide Access and Information as Reasonably Required | 48 | |
Subsection 11.21 | Inspections | 48 | |
Subsection 11.22 | Restoration of Mortgaged Property | 48 | |
Subsection 11.23 | Fair Credit Reporting Act | 49 | |
Subsection 11.24 | Transfer of Servicing to Purchaser | 49 | |
Subsection 11.25 | Payments Received | 49 | |
SECTION 12. | The Seller | 49 | |
Subsection 12.01 | Indemnification; Third Party Claims | 49 | |
Subsection 12.02 | Merger or Consolidation of the Seller | 50 | |
Subsection 12.03 | Limitation on Liability of the Seller and Others | 50 | |
SECTION 13. | Default | 50 | |
Subsection 13.01 | Events of Default | 50 | |
Subsection 13.02 | Waiver of Default | 52 | |
SECTION 14. | Termination | 52 | |
Subsection 14.01 | Termination | 52 | |
Subsection 14.02 | Successors to the Seller as Interim Servicer | 52 | |
Subsection 14.03 | Termination of Interim Servicing by Purchaser | 53 | |
SECTION 15. | Notices | 54 |
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page | |||
SECTION 16. | Severability Clause | 54 | |
SECTION 17. | No Partnership | 55 | |
SECTION 18. | Counterparts | 55 | |
SECTION 19. | Governing Law; Choice of Forum; Waiver of Jury Trial | 55 | |
SECTION 20. | Intention of the Parties | 56 | |
SECTION 21. | Waivers | 56 | |
SECTION 22. | Exhibits | 56 | |
SECTION 23. | General Interpretive Principles | 56 | |
SECTION 24. | Reproduction of Documents | 57 | |
SECTION 25. | Amendment | 57 | |
SECTION 26. | Confidentiality | 57 | |
SECTION 27. | Entire Agreement | 58 | |
SECTION 28. | Further Agreements | 58 | |
SECTION 29. | Successors and Assigns | 58 | |
SECTION 30. | Non-Solicitation | 58 | |
SECTION 31. | Protection of Consumer Information | 59 | |
SECTION 32. | Cooperation of the Seller with a Reconstitution; Regulation AB Compliance | 59 | |
SECTION 1. | DEFINED TERMS | I-1 | |
SECTION 2. | COMPLIANCE WITH REGULATION AB | I-3 | |
Subsection 2.01 | Intent of the Parties; Reasonableness | I-3 | |
Subsection 2.02 | Additional Representations and Warranties of the Company | I-4 | |
Subsection 2.03 | Information to Be Provided by the Company | I-4 | |
Subsection 2.04 | Indemnification; Remedies | I-7 | |
Subsection 2.05 | Third-party Beneficiary | I-8 |
iii |
EXHIBITS
EXHIBIT 1 | MORTGAGE LOAN DOCUMENTS |
EXHIBIT 2 | CONTENTS OF EACH MORTGAGE FILE |
EXHIBIT 3 | FORM OF PPTL |
EXHIBIT 4 | SERVICING TRANSFER INSTRUCTIONS |
ADDENDUM I | REGULATION AB COMPLIANCE ADDENDUM |
iv |
FLOW MORTGAGE LOAN PURCHASE AND SALE AGREEMENT
THIS FLOW MORTGAGE LOAN PURCHASE AND SALE AGREEMENT (the “Agreement”), dated September 1, 2011, is hereby executed by and between REDWOOD RESIDENTIAL ACQUISITION CORPORATION, a Delaware corporation, as purchaser (the “Purchaser”), and CORNERSTONE MORTGAGE COMPANY, as seller (the “Seller”).
WITNESSETH:
WHEREAS, the Seller has agreed to sell from time to time to the Purchaser, and the Purchaser has agreed to purchase from time to time from the Seller, certain conventional, residential, first-lien mortgage loans (the “Mortgage Loans”) as described herein on a servicing released basis, and which shall be delivered as whole loans as provided herein; and
WHEREAS, the Mortgage Loans will be sold by the Seller and purchased by the Purchaser as pools or groups of whole loans on a servicing released basis (each, a “Mortgage Loan Package”) on the various Closing Dates as provided herein; and
WHEREAS, each of the Mortgage Loans will be secured by a mortgage, deed of trust or other security instrument creating a first lien on a Residential Dwelling located in the jurisdiction indicated on the related Mortgage Loan Schedule which will be annexed to a PPTL (as defined herein) on the related Closing Date; and
WHEREAS, the Purchaser and the Seller wish to prescribe the manner of the conveyance and control of the Mortgage Loans;
NOW, THEREFORE, in consideration of the premises and mutual agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Purchaser and the Seller agree as follows:
SECTION 1. Definitions.
For purposes of this Agreement, the following capitalized terms shall have the respective meanings set forth below.
Adjustable Rate Mortgage Loan: A Mortgage Loan purchased pursuant to this Agreement which provides for the adjustment of the Mortgage Interest Rate payable in respect thereto.
Adjustment Date: As to each Adjustable Rate Mortgage Loan, the date on which the Mortgage Interest Rate is adjusted in accordance with the terms of the related Mortgage Note and Mortgage.
Agency Transfer: The sale or transfer by the Purchaser of some or all of the Mortgage Loans to Fannie Mae, Ginnie Mae or Freddie Mac while retaining Servicer as servicer.
Agreement: This Flow Mortgage Loan Purchase and Sale Agreement including all exhibits, schedules, amendments and supplements hereto.
ALTA: The American Land Title Association or any successor thereto.
Anti-Money Laundering Laws: As defined in Section 7.01(h).
Applicable Requirements: With respect to the Mortgage Loans, as applicable and as of the time of reference, (i) the terms of the applicable Mortgage and Mortgage Note; (ii) Customary Servicing Procedures; (iii) all federal, state and local laws, statutes, rules, regulations and ordinances applicable to the servicing of the Mortgage Loans including, without limitation, the applicable requirements and guidelines of any insurer or any other governmental agency, board, commission, instrumentality or other governmental or quasi-governmental body or office; (iv) all other judicial and administrative judgments, orders, stipulations, awards, writs and injunctions applicable to the servicing of the Mortgage Loans; and (v) all contractual obligations relating to the servicing of the Mortgage Loans including, without limitation, those contractual obligations contained in any applicable servicing agreement or in any agreement relating to the Mortgage Loans with any insurer or in the Mortgage File.
Appraised Value: With respect to any Mortgaged Property, the lesser of (i) the value (or Reconciled Market Value if more than one appraisal is received) thereof as determined by a Qualified Appraiser at the time of origination of the Mortgage Loan, and (ii) the purchase price paid for the related Mortgaged Property by the Mortgagor with the proceeds of the Mortgage Loan; provided, however, that in the case of a Refinanced Mortgage Loan, such value (or Reconciled Market Value if more than one appraisal is received) of the Mortgaged Property is based solely upon the value determined by an appraisal or appraisals made for the originator of such Refinanced Mortgage Loan at the time of origination of such Refinanced Mortgage Loan by a Qualified Appraiser.
Appraiser Independence Requirements: The Appraiser Independence Requirements effective as of October 15, 2010, as amended and in effect from time to time.
Arbitration: Arbitration in accordance with the then governing Commercial Arbitration Rules of the American Arbitration Association (“AAA”) and administered by the AAA, which shall be conducted in New York, New York or other place mutually acceptable to the parties to the arbitration.
Arbitrator: A person who is not affiliated with the Seller or the Purchaser, who is a member of the American Arbitration Association.
Assignment of Mortgage: An individual assignment of the Mortgage, notice of transfer or equivalent instrument in recordable form, sufficient under the laws of the jurisdiction in which the related Mortgaged Property is located to give record notice of the sale of the Mortgage to the Purchaser.
Assumed Principal Balance: As to each Mortgage Loan as of any date of determination, (i) the principal balance of the Mortgage Loan outstanding as of the Cut-off Date after application of payments due on or before the Cut-off Date, whether or not received, minus (ii) all amounts previously distributed to the Purchaser with respect to the Mortgage Loan pursuant to Subsection 11.15 and representing payments or other recoveries of principal.
2 |
Balloon Mortgage Loan: A Mortgage Loan that provided on the date of origination for monthly payments up to but not including the maturity date based on an amortization extending beyond its maturity date.
Balloon Payment: With respect to any Balloon Mortgage Loan as of any date of determination, the final payment payable on the maturity of such Mortgage Loan, which shall include the entire remaining principal balance.
Business Day: Any day other than (i) a Saturday or a Sunday, or (ii) a legal holiday in the State of New York, the State of Texas or the State of California, or (iii) a day on which banks in the State of New York, the State of Texas or the State of California are authorized or obligated by law or executive order to be closed.
Closing Date: The date or dates, set forth in the related PPTL, on which the Purchaser will purchase and the Seller will sell the Mortgage Loans identified therein.
CLTV: Combined Loan-to-Value Ratio.
Code: The Internal Revenue Code of 1986, as amended, or any successor statute thereto.
Commission: The United States Securities and Exchange Commission.
Condemnation Proceeds: All awards, compensation and settlements in respect of a taking (whether permanent or temporary) of all or part of a Mortgaged Property by exercise of the power of condemnation or the right of eminent domain, to the extent not required to be released to a Mortgagor in accordance with the terms of the related Mortgage Loan Documents.
Consumer Information: Any personally identifiable information in any form (written electronic or otherwise) relating to a Mortgagor, including, but not limited to: a Mortgagor’s name, address, telephone number, Mortgage Loan number, Mortgage Loan payment history, delinquency status, insurance carrier or payment information, tax amount or payment information; the fact that the Mortgagor has a relationship with the Seller or Servicer or the originator of the related Mortgage Loan; and any other non-public personally identifiable information.
Cooperative Corporation: With respect to any Cooperative Loan, the cooperative apartment corporation that holds legal title to the related Cooperative Project and grants occupancy rights to units therein to stockholders through Cooperative Leases or similar arrangements.
Cooperative Lease: The lease on a Cooperative Unit evidencing the possessory interest of the owner of the Cooperative Shares in such Cooperative Unit.
Cooperative Loan: A Mortgage Loan that is secured by a first lien on and perfected security interest in Cooperative Shares and the related Cooperative Lease granting exclusive rights to occupy the related Cooperative Unit in the building owned by the related Cooperative Corporation.
3 |
Cooperative Project: With respect to any Cooperative Loan, all real property and improvements thereto and rights therein and thereto owned by a Cooperative Corporation including without limitation the land, separate dwelling units and all common elements.
Cooperative Shares: With respect to any Cooperative Loan, the shares of stock issued by a Cooperative Corporation and allocated to a Cooperative Unit and represented by a stock certificate.
Cooperative Unit: With respect to a Cooperative Loan, a specific unit in a Cooperative Project.
Credit Score: For each Mortgage Loan, (a) if two credit scores were obtained at origination, the lowest score of the two, and (b) if three scores were obtained at origination, the middle of the three. When there is more than one applicant, the lowest of the applicants’ Credit Scores will be used. There is only one (1) score for any Mortgage Loan regardless of the number of borrowers and/or applicants.
Custodial Account: As defined in Subsection 11.04.
Customary Servicing Procedures: With respect to any Mortgage Loan, those mortgage servicing practices (including collection procedures) of prudent mortgage banking institutions which service mortgage loans of the same type as such Mortgage Loan in the jurisdiction where the related Mortgaged Property is located, and which are in accordance with Fannie Mae servicing practices and procedures for MBS pool mortgages, as defined in the Fannie Mae Guides including future updates, or as such mortgage servicing practices may change from time to time.
Cut-off Date: With respect to each Mortgage Loan, the first day of the month of the related Closing Date as set forth in the related PPTL.
Deleted Mortgage Loan: A Mortgage Loan replaced or to be replaced with a Substitute Mortgage Loan in accordance with this Agreement.
Delinquent: Any Mortgage Loan with respect to which the Monthly Payment due on a Due Date is not made by the close of business on the Business Day preceding the next scheduled Due Date for such Mortgage Loan.
Due Date: The day of the month on which the Monthly Payment is due on a Mortgage Loan, exclusive of any days of grace.
Eligible Account: Any account or accounts maintained with a federal or state chartered depository institution or trust company the short-term and long-term unsecured debt obligations of which (or, in the case of a depository institution or trust company that is the principal subsidiary of a holding company, the debt obligations of such holding company) are rated in the highest rating category of each Rating Agency with respect to short-term unsecured debt obligations and in one of the two highest rating categories of each Rating Agency with respect to long-term unsecured debt obligations at the time any amounts are held on deposit therein. Eligible Accounts may bear interest. If the rating of the short-term or long-term unsecured debt
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obligations of the depository institution or trust company that maintains the account or accounts is no longer in the highest rating category of each Rating Agency with respect to short-term unsecured debt obligations or in one of the two highest rating categories of each Rating Agency with respect to long-term unsecured debt obligations, the funds on deposit therewith in connection with this Agreement shall be transferred to an Eligible Account within 30 days of such downgrade.
Eligible Investments: Any one or more of the following obligations or securities:
(i) direct obligations of, and obligations fully guaranteed by the United States of America or any agency or instrumentality of the United States of America the obligations of which are backed by the full faith and credit of the United States of America;
(ii) (a) demand or time deposits, federal funds or bankers' acceptances issued by any depository institution or trust company incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by federal and/or state banking authorities, provided that the commercial paper and/or the short-term deposit rating and/or the long-term unsecured debt obligations or deposits of such depository institution or trust company at the time of such investment or contractual commitment providing for such investment are rated in the highest rating category by each Rating Agency for long-term unsecured debt with a maturity of more than one year or in the highest rating category with respect to short-term obligations and (b) any other demand or time deposit or certificate of deposit that is fully insured by the FDIC;
(iii) repurchase obligations with a term not to exceed thirty (30) days and with respect to (a) any security described in clause (i) above and entered into with a depository institution or trust company (acting as principal) described in clause (ii)(a) above;
(iv) securities bearing interest or sold at a discount issued by any corporation incorporated under the laws of the United States of America or any state thereof that are rated in the highest rating category for long-term unsecured debt with a maturity of more than one year or in the highest rating category with respect to short-term obligations by each Rating Agency, in each case at the time of such investment or contractual commitment providing for such investment; provided, however, that securities issued by any particular corporation will not be Eligible Investments to the extent that investments therein will cause the then outstanding principal amount of securities issued by such corporation and held as Eligible Investments to exceed 10% of the aggregate outstanding principal balances of all of the Mortgage Loans and Eligible Investments;
(v) commercial paper (including both non-interest-bearing discount obligations and interest-bearing obligations payable on demand or on a specified date not more than one year after the date of issuance thereof) which are rated in the highest rating category by each Rating Agency at the time of such investment; and
(vi) any money market funds rated in one of the two highest rating categories by each Rating Agency for long-term unsecured debt with a maturity of more than one year or
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in the highest rating category by each Rating Agency with respect to short-term obligations;
provided, however, that no instrument or security shall be an Eligible Investment if such instrument or security evidences a right to receive only interest payments with respect to the obligations underlying such instrument or if such security provides for payment of both principal and interest with a yield to maturity in excess of 120% of the yield to maturity at par or if such investment or security is purchased at a price greater than par.
Escrow Account: As defined in Subsection 11.06.
Escrow Payments: The amounts constituting ground rents, taxes, assessments, Primary Mortgage Insurance Policy premiums, fire and hazard insurance premiums, flood insurance premiums, condominium charges and other payments as may be required to be escrowed by the Mortgagor with the Mortgagee pursuant to the terms of any Mortgage Note or Mortgage.
Event of Default: Any one of the conditions or circumstances enumerated in Subsection 13.01.
Fannie Mae: The entity formerly known as the Federal National Mortgage Association or any successor thereto.
Fannie Mae Guides: The Fannie Mae Sellers’ Guide and the Fannie Mae Servicers’ Guide and all amendments or additions thereto in effect on and after the related Closing Date.
FDIC: The Federal Deposit Insurance Corporation or any successor thereto.
FDPA: The Flood Disaster Protection Act of 1973, as amended.
Fidelity Bond: The fidelity bond required to be obtained by the Servicer pursuant to Subsection 11.12.
FIRREA: The Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as amended and in effect from time to time.
First Remittance Date: With respect to each Mortgage Loan Package, the 18th day (or if such 18th day is not a Business Day, the first Business Day immediately preceding such 18th day) of the calendar month immediately following the Closing Date; provided, however, if the Servicing Transfer Date is not one (1) or more Business Days prior to the first day of such calendar month, such date will be the 18th day (or if such 18th day is not a Business Day, the first Business Day immediately preceding such 18th day) of the next succeeding calendar month.
Freddie Mac: The entity formerly known as the Federal Home Loan Mortgage Corporation or any successor thereto.
Freddie Mac Guide: The Freddie Mac Single Family Seller/Servicer Guide and all amendments or additions thereto in effect on and after the related Closing Date.
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Full Prepayment: Any payment of the entire principal balance of a Mortgage Loan which is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.
Ginnie Mae: The Government National Mortgage Association or any successor thereto.
Gross Margin: With respect to any Adjustable Rate Mortgage Loan, the fixed percentage amount set forth in the related Mortgage Note and the Mortgage Loan Schedule that is added to the Index on each Adjustment Date in accordance with the terms of the related Mortgage Note to determine the new Mortgage Interest Rate for such Mortgage Loan.
Helping Families Act: As defined in Subsection 6.04.
HUD: The United States Department of Housing and Urban Development or any successor thereto.
Independent: When used with respect to any other Person, a Person who (a) is in fact independent of another specified Person and any affiliate of such other Person, (b) does not have any material direct financial interest in such other Person or any affiliate of such other Person, and (c) is not connected with such other Person or any affiliate of such other Person as an officer, employee, promoter, underwriter, trustee, partner, director or Person performing similar functions.
Index: With respect to any Adjustable Rate Mortgage Loan, the index identified on the Mortgage Loan Schedule and set forth in the related Mortgage Note for the purpose of calculating the Mortgage Interest Rate thereon.
Initial Rate Cap: With respect to each Adjustable Rate Mortgage Loan and the initial Adjustment Date therefor, a number of percentage points per annum that is set forth in the Mortgage Loan Schedule and in the related Mortgage Note, which is the maximum amount by which the Mortgage Interest Rate for such Adjustable Rate Mortgage Loan may increase or decrease from the Mortgage Interest Rate in effect immediately prior to such Adjustment Date.
Insurance Proceeds: With respect to each Mortgage Loan, proceeds of insurance policies insuring the Mortgage Loan or the related Mortgaged Property.
Interim Servicing Period: The period from the Closing Date to the related Servicing Transfer Date.
IO Adjustable Rate Mortgage Loan: An Adjustable Rate Mortgage Loan with respect to which accrued interest only is payable by a Mortgagor on each Due Date until the IO Conversion Date.
IO Conversion Date: With respect to an IO Adjustable Rate Mortgage Loan, the date that references the end of the “interest only period” applicable thereto.
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Lifetime Rate Cap: As to each Adjustable Rate Mortgage Loan, the maximum Mortgage Interest Rate which shall be as permitted in accordance with the provisions of the related Mortgage Note.
Liquidation Proceeds: The proceeds received in connection with the liquidation of a defaulted Mortgage Loan through trustee’s sale, foreclosure sale or otherwise, other than amounts received following the acquisition of REO Property, Insurance Proceeds and Condemnation Proceeds.
Loan-to-Value Ratio: With respect to any Mortgage Loan as of any date of determination, the ratio, expressed as a percentage, of the outstanding principal balance of the Mortgage Loan on such date, to the Appraised Value of the related Mortgaged Property.
LPMI: Lender paid mortgage insurance.
LTV: Loan-to-Value Ratio.
Master Servicer: Wells Fargo Bank, N.A., together with its successors and assigns, as master servicer with respect to any Securitization Transaction, or any other master servicer designated as such with respect to any Securitization Transaction.
MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.
MERS Mortgage Loan: Any Mortgage Loan registered with MERS on the MERS System.
MERS System: The system of recording transfers of mortgages electronically maintained by MERS.
MIN: The Mortgage Identification Number for any MERS Mortgage Loan.
Minimum Interest Rate: With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased.
Monthly Payment: The scheduled monthly payment on a Mortgage Loan due on any Due Date allocable to principal and/or interest on such Mortgage Loan pursuant to the terms of the related Mortgage Note.
Mortgage: The mortgage, deed of trust or other instrument securing a Mortgage Note which creates a first lien on an unsubordinated estate in fee simple in real property securing the Mortgage Note; except that with respect to real property located in jurisdictions in which the use of leasehold estates for residential properties is a widely-accepted practice, the mortgage, deed of trust or other instrument securing the Mortgage Note may secure and create a first lien upon a leasehold estate of the Mortgagor.
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Mortgage File: With respect to each Mortgage Loan, all documents involved in the origination, underwriting (including documented compensating factors pertaining to exceptions) and servicing of the Mortgage Loan, including but not limited to the documents specified in Exhibit 2, and any additional documents required to be added to the Mortgage File pursuant to this Agreement.
Mortgage Interest Rate: With respect to each Mortgage Loan, the annual rate at which interest accrues on such Mortgage Loan from time to time in accordance with the provisions of the related Mortgage Note, including, but not limited to, the limitations on such interest rate imposed by the Initial Rate Cap, the Periodic Rate Cap, the Minimum Interest Rate and the Lifetime Rate Cap, if any.
Mortgage Loan: An individual Mortgage Loan that is the subject of this Agreement, each Mortgage Loan originally sold and subject to this Agreement being identified on the related Mortgage Loan Schedule, which Mortgage Loan includes without limitation the Mortgage File, the Servicing File, the Monthly Payments, Principal Prepayments, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds, REO Disposition Proceeds, any escrow accounts related to the Mortgage Loan, the Servicing Rights and all other rights, benefits, proceeds and obligations arising from or in connection with such Mortgage Loan, excluding replaced or repurchased mortgage loans.
Mortgage Loan Documents: With respect to any Mortgage Loan, the documents listed in Exhibit 1 hereto.
Mortgage Loan Package: The pool or group of whole loans purchased on a Closing Date, as described in the Mortgage Loan Schedule annexed to the related PPTL.
Mortgage Loan Remittance Rate: With respect to any Mortgage Loan, the related Mortgage Interest Rate minus the related Servicing Fee Rate.
Mortgage Loan Schedule: The schedule of Mortgage Loans prepared for each Closing Date setting forth the information with respect to each Mortgage Loan required by the disclosure report format of the Purchaser, which disclosure report format is delivered by the Purchaser to the Seller.
Mortgage Note: The note or other evidence of the indebtedness of a Mortgagor secured by a Mortgage or, in the case of a Cooperative Loan, secured by the Cooperative Shares and the Cooperative Lease.
Mortgaged Property: The Mortgagor’s real property securing repayment of a related Mortgage Note, consisting of a fee simple interest in a single parcel of real property improved by a Residential Dwelling.
Mortgagee: The mortgagee or beneficiary named in the Mortgage and the successors and assigns of such mortgagee or beneficiary.
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Mortgagor: The obligor on a Mortgage Note, who is an owner of the Mortgaged Property and the grantor or mortgagor named in the Mortgage and such grantor’s or mortgagor’s successors in title to the Mortgaged Property.
NAIC: The National Association of Insurance Commissioners or any successor organization.
Officer’s Certificate: A certificate signed by the Chairman of the Board, the Vice Chairman of the Board, a President or a Vice President of the Person on behalf of whom such certificate is being delivered.
Opinion of Counsel: A written opinion of counsel, who may be salaried counsel for the Person on behalf of whom the opinion is being given, reasonably acceptable to each Person to whom such opinion is addressed, and which must be Independent outside counsel with respect to such opinion of counsel concerning the taxation or the federal income tax status of a REMIC.
OTS: The Office of Thrift Supervision or any successor thereto.
Partial Prepayment: Any payment of principal on a Mortgage Loan, other than a Full Prepayment, which is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.
Periodic Rate Cap: As to each Adjustable Rate Mortgage Loan, the maximum increase or decrease in the Mortgage Interest Rate, on any Adjustment Date as provided in the related Mortgage Note, if applicable.
Person: An individual, corporation, partnership, joint venture, association, joint-stock company, limited liability company, trust, unincorporated organization or government or any agency or political subdivision thereof.
PPTL: With respect to each Mortgage Loan and Mortgage Loan Package, the Purchase Price and Terms Letter, substantially in the form of Exhibit 6 attached hereto, providing for the sale by Seller and the purchase by the Purchaser of the Mortgage Loan Package on the related Closing Date.
Prepayment Charge: With respect to each Mortgage Loan, the fee payable by the Mortgagor if the Mortgagor prepays such Mortgage Loan as provided in the related Mortgage Note or Mortgage.
Prepayment Interest Shortfall: As to any Remittance Date and any Mortgage Loan, (a) if such Mortgage Loan was the subject of a Full Prepayment during the related Principal Prepayment Period, the excess of one month’s interest (adjusted to the Mortgage Loan Remittance Rate) on the Assumed Principal Balance of such Mortgage Loan outstanding immediately prior to such prepayment, over the amount of interest (adjusted to the Mortgage Loan Remittance Rate) actually paid by the Mortgagor in respect of such Principal Prepayment Period, and (b) if such Mortgage Loan was the subject of a Partial Prepayment during the related Principal Prepayment Period, an amount equal to the excess of one month’s interest at the
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Mortgage Loan Remittance Rate on the amount of such Partial Prepayment, over the amount of interest actually paid by the Mortgagor in respect of such Partial Prepayment during such Principal Prepayment Period.
Primary Mortgage Insurance Policy: A policy of primary mortgage guaranty insurance.
Principal Prepayment: Any full or partial payment or other recovery of principal on a Mortgage Loan which is received in advance of its scheduled Due Date, including any Prepayment Charge or premium thereon and which is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.
Principal Prepayment Period: As to any Remittance Date, the calendar month preceding the calendar month in which such Remittance Date occurs.
Purchase Price: The price paid on the related Closing Date by the Purchaser to the Seller pursuant to this Agreement in exchange for the Mortgage Loans included in the related Mortgage Loan Package, as calculated pursuant to Section 4 and the related PPTL.
Purchase Price Percentage: For each Mortgage Loan included in a Mortgage Loan Package, the percentage of par set forth in the related PPTL that is used to calculate the Purchase Price of the Mortgage Loans included in such Mortgage Loan Package.
Purchaser: The Person listed as such in the initial paragraph of this Agreement, together with its successors and assigns as permitted under the terms of this Agreement.
Qualified Appraiser: With respect to each Mortgage Loan, an appraiser, duly appointed by the originator, who had no interest, direct or indirect in the Mortgaged Property or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of the Mortgage Loan, and such appraiser and the appraisal made by such appraiser both satisfy the requirements of Fannie Mae or Freddie Mac (including but not limited to the Appraiser Independence Requirements) and Title XI of FIRREA and the regulations promulgated thereunder, all as in effect on the date the Mortgage Loan was originated.
Qualified Insurer: An insurance company duly qualified as such under the laws of the states in which the Mortgaged Properties are located, duly authorized and licensed in such states to transact the applicable insurance business and to write the insurance provided by the insurance policy issued by it, approved as an insurer by Fannie Mae and Freddie Mac.
Rating Agencies: Standard & Poor’s Ratings Services, a division of The McGraw- Hill Companies, Inc., Moody’s Investors Service, Inc., Fitch, Inc. or, in the event that some or all ownership of the Mortgage Loans is evidenced by mortgage-backed securities, the nationally recognized rating agencies issuing ratings with respect to such securities, if any.
Reconciled Market Value: The estimated market value of the Mortgaged Property or REO Property that is reasonably determined by the Seller based on different results obtained from different permitted valuation methods or at different time periods, all in accordance with Customary Servicing Procedures.
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Reconstitution Agreement: The agreement or agreements entered into by the Seller and the Purchaser and certain third parties on the Reconstitution Date or Reconstitution Dates with respect to any or all of the Mortgage Loans conveyed hereunder, in connection with a Whole Loan Transfer or a Securitization Transaction as provided in Subsection 32.
Reconstitution Date: The date or dates on which any or all of the Mortgage Loans are reconstituted as part of a Whole Loan Transfer or Securitization Transaction pursuant to Section 32 hereof.
Record Date: The close of business of the last Business Day of the month preceding the month of the related Remittance Date or, in the case of a Remittance Date that is the Servicing Transfer Date, the Business Day prior to the Servicing Transfer Date.
Refinanced Mortgage Loan: A Mortgage Loan which was made to a Mortgagor who owned the Mortgaged Property prior to the origination of such Mortgage Loan and the proceeds of which were used in whole or part to satisfy an existing mortgage.
Regulation AB: Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1123, as such may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Commission in the adopting release (Asset-Backed Securities, Securities Act Release No. 33-8518, 70 Fed. Reg. 1,506, 1,531 (Jan. 7, 2005)) or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time.
Regulation AB Compliance Addendum: Addendum I attached hereto and incorporated herein by reference thereto.
REMIC: A “real estate mortgage investment conduit” within the meaning of Section 860D of the Code.
Remittance Date: (a) The 18th day (or if such 18th day is not a Business Day, the first Business Day immediately preceding such 18th day) of any month, beginning with the First Remittance Date with respect to each Mortgage Loan Package, and (b) the Servicing Transfer Date.
REO Disposition: The final sale by the Seller or the Purchaser of an REO Property.
REO Disposition Proceeds: All amounts received with respect to an REO Disposition pursuant to Subsection 11.13.
REO Property: A Mortgaged Property acquired by or on behalf of the Purchaser through foreclosure or deed in lieu of foreclosure as described in Subsection 11.13.
Repurchase Price: With respect to any Mortgage Loan, a price equal to (i) the unpaid principal balance of the Mortgage Loan, plus, (ii) interest on such unpaid principal balance at the related Mortgage Interest Rate from the last date through which interest was last paid and distributed to the Purchaser to the last day of the month in which such repurchase occurs, plus, (iii) reasonable and customary third party expenses incurred in connection with the transfer of
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the Mortgage Loan being repurchased, minus (iv) any amounts received in respect of such repurchased Mortgage Loan and being held in the Custodial Account for future distribution in connection with such Mortgage Loan.
Residential Dwelling: Any one of the following: (i) a detached one-family dwelling, (ii) a detached two- to four-family dwelling, (iii) a one-family dwelling unit in a condominium project or (iv) a one-family dwelling in a planned unit development, none of which is a cooperative, mobile or manufactured home.
Securities Act: The Securities Act of 1933, as amended.
Securitization Transaction: Any transaction involving either (1) a sale or other transfer of some or all of the Mortgage Loans directly or indirectly by the Purchaser to an issuing entity in connection with an issuance of publicly offered or privately placed, rated or unrated mortgage-backed securities or (2) an issuance of publicly offered or privately placed, rated or unrated securities, the payments on which are determined primarily by reference to one or more portfolios of residential mortgage loans consisting, in whole or in part, of some or all of the Mortgage Loans.
Seller: Cornerstone Mortgage Company, or its successor in interest or any successor to the Seller under this Agreement appointed as herein provided.
Servicer: The Servicer set forth in the related PPTL.
Servicing Advances: All customary, reasonable and necessary out-of-pocket costs and expenses incurred in the performance by the Servicer of its servicing obligations, including, but not limited to, the cost of (a) the preservation, restoration and protection of a Mortgaged Property, (b) any enforcement or judicial proceedings, including foreclosures, (c) the management and liquidation of a Mortgaged Property if such Mortgaged Property is acquired in satisfaction of the Mortgage, and (d) payments made by the Servicer with respect to a Mortgaged Property pursuant to Subsection 11.08.
Servicing Fee: With respect to each Mortgage Loan, the fee the Purchaser shall pay to the Seller to interim service the Mortgage Loans, which shall, for each month, be equal to one-twelfth of the product of the applicable Servicing Fee Rate and the Stated Principal Balance of such Mortgage Loan (pro-rated with respect to partial months). Such fee shall be payable monthly. The obligation of the Purchaser to pay the Servicing Fee is limited to, and payable solely from, the interest portion (including recoveries with respect to interest from Liquidation Proceeds and other proceeds, to the extent permitted by Subsection 11.05) of related Monthly Payments collected by the Seller, or as otherwise provided under Subsection 11.05.
Servicing Fee Rate: With respect to each Mortgage Loan, the per annum rate set forth on the related Mortgage Loan Schedule or if not specified thereon, in the related PPTL.
Servicing File: With respect to each Mortgage Loan, the documents pertaining thereto specified in Exhibit 2 and copies of all documents for such Mortgage Loan specified in Exhibit 1.
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Servicing Rights: With respect to each Mortgage Loan, any and all of the following: (a) all rights to service the Mortgage Loan; (b) all rights to receive the Servicing Fees, additional servicing compensation (including, without limitation, any late fees, assumption fees, penalties or similar payments with respect to the Mortgage Loan, and income on escrow accounts or other receipts on or with respect to the Mortgage Loan), reimbursements or indemnification for servicing the Mortgage Loan, and any payments received in respect of the foregoing and proceeds thereof; (c) the right to collect, hold and disburse escrow payments or other similar payments with respect to the Mortgage Loans and any amounts actually collected with respect thereto and to receive interest income on such amounts to the extent permitted by applicable law; (d) all accounts and other rights to payment related to any of the property described in this paragraph; (e) possession and use of any and all Mortgage Loan Documents and Mortgage Files pertaining to the Mortgage Loans or pertaining to the past, present or prospective servicing of the Mortgage Loans; (f) all rights and benefits relating to the direct solicitation of the related Mortgagors for refinance or modification of the Mortgage Loans and attendant right, title and interest in and to the list of such Mortgagors and data relating to their respective Mortgage Loans; (g) all rights, powers and privileges incident to any of the foregoing; and (h) all agreements or documents creating, defining or evidencing any of the foregoing rights to the extent they relate to such rights.
Servicing Transfer Date: The date or dates, set forth in the related PPTL, when the Servicer will begin servicing the Mortgage Loans for the benefit of the Purchaser.
Servicing Transfer Instructions: The servicing transfer instructions in the form of Exhibit 4 hereto.
Stated Principal Balance: As to each Mortgage Loan as to any date of determination, (i) the principal balance of the Mortgage Loan as of the first day of the month for which such calculation is being made after giving effect to the principal portion of any Monthly Payments due on or before such date, whether or not received, as well as any Principal Prepayments received before such date, minus, without duplication, (ii) all amounts previously distributed to the Purchaser with respect to the Mortgage Loan representing payments or recoveries of principal, or advances in lieu thereof.
Substitute Mortgage Loan: A mortgage loan substituted by the Seller for a Deleted Mortgage Loan which must, on the date of such substitution, be approved by the Purchaser and meet the conditions described in Section 7.03(b) of this Agreement.
Underwriting Guidelines: As to each Mortgage Loan Package, the written underwriting guidelines in effect as of the origination date of such Mortgage Loans, mutually agreed upon by the Seller and Purchaser, and delivered by the Seller to the Purchaser, as may be revised and modified, from time to time, by mutual agreement of the Purchaser and the Seller to reflect changes to the Underwriting Guidelines.
USA Patriot Act: Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, as amended.
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USPAP: The Uniform Standards of Professional Appraisal Practice, as amended and in effect from time to time.
Whole Loan Transfer: Any sale or transfer by the Purchaser of some or all of the Mortgage Loans (including an Agency Transfer), other than a Securitization Transaction.
SECTION 2. Purchase and Conveyance.
The Seller, in exchange for the payment of the applicable Purchase Price by the Purchaser on the related Closing Date, receipt of which is hereby acknowledged, hereby sells, transfers, assigns, sets over and conveys to the Purchaser, without recourse, but subject to the terms of this Agreement, all of its rights, title and interest in and to the Mortgage Loans, including the related Mortgage Note and Mortgages, in a Mortgage Loan Package having a Stated Principal Balance in an amount as set forth in the related PPTL, or in such other amount as agreed by the Purchaser and the Seller as evidenced by the actual aggregate principal balance of the Mortgage Loan Package accepted by the Purchaser on the related Closing Date, together with the related Mortgage Files and all rights and obligations arising under the documents contained therein, on a servicing released basis.
With respect to each Mortgage Loan, the Purchaser shall own and be entitled to (1) all Monthly Payments due after the related Cut-off Date, (2) all other recoveries of principal collected after the related Cut-off Date (provided, however, that the principal portion of all Monthly Payments due on or before the related Cut-off Date and collected by the Seller or any successor servicer after the related Cut-off Date shall belong to the Seller), and (3) all payments of interest on the Mortgage Loans (minus that portion of any such payment which is allocable to the period prior to the related Cut-off Date). The Stated Principal Balance of each Mortgage Loan as of the related Cut-off Date is determined after application of payments of principal due on or before the related Cut-off Date whether or not collected, together with any unscheduled Principal Prepayments collected prior to the related Cut-off Date; provided, however, that Monthly Payments for a Due Date beyond the Cut-off Date shall not be applied to reduce the principal balance. Such Monthly Payments shall be the property of the Purchaser. If the Servicing Transfer Date has not yet occurred, the Seller shall remit any such Monthly Payments to the Purchaser on the Remittance Date following collection thereof. If the Servicing Transfer Date has occurred, the Seller shall remit any such Monthly Payments to the Purchaser in accordance with the Servicing Transfer Instructions.
SECTION 3. Mortgage Loan Schedule.
The Seller shall deliver the Mortgage Loan Schedule (which will be annexed to the related PPTL) to the Purchaser at least two (2) Business Days prior to the related Closing Date.
SECTION 4. Purchase Price.
The Purchase Price for the Mortgage Loans being acquired on a Closing Date shall be equal to the sum of (a) the product of (i) the Purchase Price Percentage stated in the related PPTL (subject to adjustment as provided therein) and (ii) the Stated Principal Balance of the Mortgage Loans listed on the related Mortgage Loan Schedule, plus (b) an amount equal to accrued interest on the aggregate Stated Principal Balance of the Mortgage Loans at the weighted average
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Mortgage Interest Rate of such Mortgage Loans from the related Cut-off Date through the day prior to the related Closing Date, both inclusive (assuming 30/360) (the “Purchase Price”). If so provided in the related PPTL, portions of the Mortgage Loans shall be priced separately.
The Purchase Price as set forth in the preceding paragraph for the Mortgage Loans shall be paid on the related Closing Date by wire transfer of immediately available funds.
SECTION 5. Examination of Mortgage Files.
The Seller shall, at the direction of the Purchaser, deliver to the Purchaser or its designee in escrow, for examination and retention, with respect to each Mortgage Loan to be purchased on the related Closing Date, the related Mortgage File in hard copy or in digital format on compact disks or DVD. Such examination may be made by the Purchaser or its designee at any reasonable time before or after the related Closing Date. The Purchaser may, at its option and without notice to the Seller, purchase all or part of the Mortgage Loan Package without conducting any partial or complete examination. The fact that the Purchaser has conducted or has determined not to conduct any partial or complete examination of the Mortgage Files shall not affect the Purchaser’s (or any of its successors’) rights to demand repurchase or other relief or remedy provided for in this Agreement.
SECTION 6. Delivery of Mortgage Loan Documents.
Subsection 6.01 Possession of Mortgage Files.
Originals or copies of all documents, including but not limited to the documents listed on Exhibit 2 and comprising the Mortgage File, other than the Mortgage Loan Documents, shall be delivered to the Purchaser or its designee on or prior to the related Closing Date. During the Interim Servicing Period, originals of the contents of each Mortgage File not delivered to the Purchaser or the custodian appointed by the Purchaser are and shall be held in trust by the Seller for the benefit of the Purchaser as the owner thereof and shall be available for review by the Purchaser upon request. The Seller’s possession of any portion of each such Mortgage File is at the will of the Purchaser, and such retention and possession by the Seller shall be in a custodial capacity only. The ownership of each Mortgage Note, Mortgage and the contents of each Mortgage File is vested in the Purchaser and the ownership of all records and documents with respect to the related Mortgage Loan prepared by or which come into the possession of the Seller shall immediately vest in the Purchaser and shall be retained and maintained, in trust, by the Seller at the will of the Purchaser in such custodial capacity only. The copies of the Mortgage File retained by the Seller with respect to each Mortgage Loan pursuant to this Agreement shall be appropriately identified in the Seller’s computer system to reflect clearly the ownership of such related Mortgage Loan by the Purchaser. The Seller shall release from its custody the contents of any Mortgage File retained by it only in accordance with this Agreement and the Servicing Transfer Instructions, except when such release is required in connection with a repurchase of any such Mortgage Loan pursuant to Subsection 7.03 of this Agreement or if required under applicable law or court order.
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Subsection 6.02 Books and Records.
The sale of each Mortgage Loan will be reflected on the Seller’s balance sheet and other financial statements as a sale of assets by the Seller. The Seller shall maintain a complete set of books and records for the Mortgage Loans sold by it which shall be appropriately identified in the Seller’s computer system to clearly reflect the ownership of the Mortgage Loans by the Purchaser.
In addition to the foregoing, the Seller shall provide to any supervisory agents or examiners that regulate the Purchaser, including but not limited to, the OTS, the FDIC and other similar entities, access, during normal business hours, upon reasonable advance notice to the Seller and without charge to the Seller or such supervisory agents or examiners, to any documentation regarding the Mortgage Loans that may be required by any applicable regulator.
Subsection 6.03 Delivery of Mortgage Loan Documents.
The Seller shall deliver and release to the Purchaser or the custodian appointed by the Purchaser the Mortgage Loan Documents no later than four (4) Business Days prior to the related Closing Date or, upon the request of the Purchaser, earlier, if necessary or desirable to facilitate a review. If the Seller cannot deliver the original recorded Mortgage Loan Documents on the related Closing Date, the Seller shall, promptly upon receipt thereof and in any case not later than 120 days from the Closing Date, deliver such original recorded Mortgage Loan Documents to the Purchaser or the appointed custodian (unless the Seller is delayed in making such delivery by reason of the fact that such documents shall not have been returned by the appropriate recording office). If delivery is not completed within 120 days of the related Closing Date solely because such Mortgage Loan Documents shall not have been returned by the appropriate recording office, the Seller shall deliver such Mortgage Loan Documents to Purchaser, or the appointed custodian, within such time period as specified in a Seller’s Officer’s Certificate. In the event that documents have not been received by the date specified in the Seller’s Officer’s Certificate, a subsequent Seller’s Officer’s Certificate shall be delivered by such date specified in the prior Seller’s Officer’s Certificate, stating a revised date for receipt of documentation. The Seller shall include with each Seller’s Officer’s Certificate a listing of all delayed recorded documents. The procedure shall be repeated until the documents have been received and delivered. The Seller shall use its best efforts to effect delivery of all delayed recorded documents within 180 days of the related Closing Date. If delivery of all Mortgage Loan Documents with respect to any Mortgage Loan is not completed within 360 days of the related Closing Date then, at Purchaser’s option, the Seller shall repurchase such Mortgage Loan in such manner set forth in Section 7.03.
Any review by the Purchaser or its designee of the Mortgage Files shall in no way alter or reduce the Seller’s obligations hereunder.
If the Purchaser or its designee discovers any defect with respect to any document constituting part of a Mortgage File, the Purchaser shall, or shall cause its designee to, give written specification of such defect to the Seller and the Seller shall cure or repurchase such Mortgage Loan in accordance with Section 7.03.
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The Seller shall forward to the Purchaser, or its designee, original documents evidencing an assumption, modification, consolidation or extension of any Mortgage Loan entered into within one week of their execution and shall also provide the original of any document submitted for recordation or a copy of such document certified by the appropriate public recording office to be a true and complete copy of the original within five (5) days of its return from the appropriate public recording office.
Subsection 6.04 RESPA Notice and Helping Families Notice
(a) Prior to each Servicing Transfer Date, the Seller shall furnish to the applicable Mortgagors notices required under the Real Estate Settlement Procedure Act (“RESPA”) within the time frames required by RESPA.
(b) Within thirty (30) days following the Closing Date in respect of a Mortgage Loan that is not a MERS Mortgage Loan, the Seller shall furnish to the Mortgagor of such Mortgage Loan the notice required by Section 404 of the Helping Families Save Their Homes Act of 2009 (the “Helping Families Act”) in accordance with the provisions of the Helping Families Act. Within five (5) Business Days following the Closing Date in respect of a MERS Mortgage Loan, the Seller shall notify MERS of the transfer of ownership of such MERS Mortgage Loan.
SECTION 7. Representations, Warranties and Covenants; Remedies for Breach.
Subsection 7.01 Representations and Warranties Regarding Individual Mortgage Loans.
The Seller hereby represents and warrants to the Purchaser that, as to each Mortgage Loan, as of the related Closing Date or such other date specified herein:
(a) Property Valuation: Each Mortgage File contains a written appraisal prepared by an appraiser licensed or certified by the applicable governmental body in which the mortgaged property is located and in accordance with the requirements of Title XI of FIRREA. The appraisal was written, in form and substance, to (i) customary Fannie Mae or Freddie Mac standards for mortgage loans of the same type as such Mortgage Loans and (ii) USPAP standards, and satisfies applicable legal and regulatory requirements. The appraisal was made and signed prior to the final approval of the Mortgage Loan application. The person performing any property valuation (including an appraiser) received no benefit from, and such person's compensation or flow of business from the originator was not affected by, the approval or disapproval of the Mortgage Loan. The selection of the person performing the property valuation was made independently of the broker (where applicable) and the originator's loan sales and loan production personnel. The selection of the appraiser met the criteria of Fannie Mae and Freddie Mac for selecting an independent appraiser.
(b) Income/Employment/Assets: With respect to each Mortgage Loan the originator verified the borrower's income, employment, and assets in accordance with its written Underwriting Guidelines and employed procedures designed to authenticate the documentation supporting such income, employment, and assets. Such verification includes the transcripts received from the Internal Revenue Service pursuant to a filing of IRS Form 4506-T. With respect to each Mortgage Loan, in order to test the reasonableness of the income, the originator used (i) transcripts received from the IRS pursuant to a filing of IRS Form 4506-T (to the extent
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specified in the Mortgage Loan Schedule) or (ii) public and/or commercially available information acceptable to the Purchaser.
(c) Occupancy: The originator has given due consideration to factors, including but not limited to, other real estate owned by the borrower, commuting distance to work, appraiser comments and notes, the location of the property and any difference between the mailing address active in the servicing system and the subject property address to evaluate whether the occupancy status of the property as represented by the borrower is reasonable. All owner occupied properties are occupied by the owner at the time of purchase of the mortgage.
(d) Data: The information set forth in the related Mortgage Loan Schedule, including any diskette or other related data tapes sent to the Purchaser, is complete, true and correct in all material respects. The information on the Mortgage Loan Schedule and the information provided are consistent with the contents of the originator's records and the Mortgage File. The Mortgage Loan Schedule contains all of the required fields. Any seller or builder concession has been subtracted from the Appraised Value of the Mortgaged Property for purposes of determining the LTV and CLTV. Except for information specified to be as of the origination date of the Mortgage Loan, the Mortgage Loan Schedule contains the most current information possessed by the originator. No appraisal or other property valuation referred to or used to determine any data listed on the Mortgage Loan Schedule was more than 3 months old at the time of the Mortgage Loan closing.
(e) Fraud: No fraud, error, omission, misrepresentation, negligence or similar occurrence with respect to the Mortgage Loan has taken place on the part of the Mortgagor, the Seller or any other Person, including, without limitation, any appraiser, title company, closing or settlement agent, realtor, builder or developer or any other party involved in the origination or sale of the Mortgage Loan or the sale of the Mortgaged Property, that would impair in any way the rights of the Purchaser in the Mortgage Loan or Mortgaged Property or that violated applicable law.
(f) Underwriting; Collection Practices; Escrow Payments: Each Mortgage Loan either (i) was underwritten in conformance with the originator's Underwriting Guidelines in effect at the time of origination without regard to any underwriter discretion or (ii) if not underwritten in conformance with the originator's guidelines, has reasonable and documented compensating factors. The methodology used in underwriting the extension of credit for the Mortgage Loan includes objective mathematical principles that relate to the relationship between the borrower's income, assets and liabilities and the proposed payment. With respect to escrow deposits and mortgage escrow accounts, all such payments are in the possession of Seller and there exist no deficiencies in connection therewith for which customary arrangements for repayment thereof have not been made. All escrow payments have been collected in full compliance with state and federal law. An escrow of funds is not prohibited by applicable law and has been established in an amount sufficient to pay for every item subject to an escrow requirement which remains unpaid and which has been assessed but is not yet due and payable. Except in connection with a modification disclosed on the Mortgage Loan Schedule and contained in the Servicing File, no escrow deposits or escrow payments or other charges or payments due the Seller have been capitalized under the Mortgage or the Mortgage Note. With respect to each Adjustable Rate Mortgage Loan, all mortgage interest rate adjustments and
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monthly payment adjustments have been made in strict compliance with Customary Servicing Procedures, and, as of the applicable Transfer Date, Seller’s servicing system has been updated to reflect any such adjustments. The Seller executed and delivered any and all notices required under applicable law and the terms of the related Mortgage Note and Mortgage regarding the Mortgage Interest Rate and the monthly payment adjustments. Any interest required to be paid to the Mortgagor pursuant to state, federal and local law has been properly paid and credited.
(g) Mortgage Insurance: Except as indicated for pledged asset loans, if a Mortgage Loan has an LTV greater than 80%, the Mortgage Loan has mortgage insurance in accordance with the terms of the Fannie Mae Guide or the Freddie Mac Guide and is insured as to payment defaults by a Primary Mortgage Insurance Policy issued by a Qualified Insurer. All provisions of such Primary Mortgage Insurance Policy have been and are being complied with, such policy is in full force and effect and all premiums due thereunder have been paid. No action, inaction or event has occurred and no state of facts exists that has, or will result in the exclusion from, denial of, or defense to coverage. Any Mortgage Loan subject to a Primary Mortgage Insurance Policy obligates the Mortgagor thereunder to maintain the Primary Mortgage Insurance Policy and to pay all premiums and charges in connection therewith. To the extent a Mortgage Loan is insured under an LPMI policy, the Mortgage Interest Rate for the Mortgage Loan as set forth on the related Mortgage Loan Schedule is net of any such premium.
(h) Regulatory Compliance: 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, fair housing, or disclosure laws applicable to the Mortgage Loan have been complied with in all material respects. No Mortgage Loan is a “high cost” or “covered” loan, as defined by any applicable federal, state or local predatory or abusive lending law. Any breach of this representation shall be deemed to materially and adversely affect the value of the Mortgage Loan and shall require a repurchase of the affected Mortgage Loan. No Mortgage Loan secured by property located in the State of Georgia was originated on or after October 1, 2002 and prior to March 7, 2003. No Mortgage Loan originated on or after March 7, 2003 is a “high cost home loan” as defined under the Georgia Fair Lending Act. No borrower was encouraged or required to select a loan product offered by an originator that was a higher cost product designed for less-creditworthy borrowers, unless at the time of the Mortgage Loan's origination, such borrower did not qualify, taking into account credit history and debt-to-income ratios, for a lower cost credit product then offered by such originator or any affiliate of such originator. There does not exist on the related Mortgaged Property any hazardous substances, hazardous wastes or solid wastes, as such terms are defined in the Comprehensive Environmental Response Compensation and Liability Act, the Resource Conservation and Recovery Act of 1976, or other federal, state or local environmental legislation including, without limitation, asbestos. There is no pending action or proceeding directly involving the Mortgaged Property in which compliance with any environmental law, rule or regulation is an issue; there is no violation of any environmental law, rule or regulation with respect to the Mortgaged Property; and nothing further remains to be done to satisfy in full all requirements of each such law, rule or regulation constituting a prerequisite to use and enjoyment of such Mortgaged Property. The Seller has complied with all applicable anti-money laundering laws and regulations, including without limitation the USA Patriot Act of 2001 (collectively, the “Anti-Money Laundering Laws”); the Seller has established an anti-money laundering compliance program as required by the Anti-Money Laundering Laws, has conducted
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the requisite due diligence in connection with the origination of each Mortgage Loan for purposes of the Anti-Money Laundering Laws, including with respect to the legitimacy of the applicable Mortgagor and the origin of the assets used by said Mortgagor to purchase the property in question, and maintains, and will maintain, sufficient information to identify the applicable Mortgagor for purposes of the Anti-Money Laundering Laws. The servicing of each Mortgage Loan prior to the related Closing Date complied in all material respects with the Customary Servicing Procedures and all then-applicable federal, state and local laws. Any breach of any representations made in this clause (h) shall be deemed to materially and adversely affect the value of the Mortgage Loan and shall require a repurchase of the affected Mortgage Loan.
(i) Borrower: As of the related Closing Date, the Mortgagor is not in bankruptcy and is not insolvent and the Seller has no knowledge of any circumstances or condition with respect to the Mortgage, the Mortgaged Property, the Mortgagor or the Mortgagor's credit standing that could reasonably be expected to cause investors to regard the Mortgage Loan as an unacceptable investment, cause the Mortgage Loan to become delinquent or materially adversely affect the value or marketability of the Mortgage Loan. Either the Mortgagor is a natural person who is legally permitted to reside in the United States or the Mortgagor is an inter-vivos trust acceptable to Fannie Mae. No borrower had a prior bankruptcy in the last ten years. No borrower previously owned a property in the last ten years that was the subject of a foreclosure during the time the borrower was the owner of record.
(j) Source of Loan Payments: No loan payment has been escrowed as part of the loan proceeds on behalf of the borrower. No payments due and payable under the terms of the Mortgage Note and Mortgage or deed of trust, except for seller or builder concessions, have been paid by any person who was involved in, or benefited from, the sale or purchase of the Mortgaged Property or the origination, refinancing, sale, purchase or servicing of the Mortgage Loan other than the borrower.
(k) Down Payment: The Mortgagor has contributed at least 5% of the purchase price for the Mortgaged Property with his/her own funds.
(l) No Prior Liens: The Seller is the sole owner and holder of the Mortgage Loan and the indebtedness evidenced by the Mortgage Note, and upon recordation the Purchaser or its designee will be the owner of record of the Mortgage and the indebtedness evidenced by the Mortgage Note, and upon the sale of the Mortgage Loan to the Purchaser, the Seller will retain any Mortgage File documents during the Interim Servicing Period in its possession in trust for the Purchaser. Each sale of the Mortgage Loan from any prior owner or the Seller was in exchange for fair equivalent value, and the prior owner or the Seller, as applicable, was solvent both prior to and after the transfer and had sufficient capital to pay and was able to pay its debts as they would generally mature. Immediately prior to the transfer and assignment to the Purchaser on the related Closing Date, the Mortgage Loan, including the Mortgage Note and the Mortgage, was not subject to an assignment or pledge, and the Seller had good and marketable title to and was the sole owner thereof and had full right to transfer and sell the Mortgage Loan to the Purchaser free and clear of any encumbrance, equity, lien, pledge, charge, claim or security interest. The Seller has the full right and authority subject to no interest or participation of, or agreement with, any other party, to sell and assign the Mortgage Loan pursuant to this
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Agreement and following the sale of the Mortgage Loan, the Purchaser will own such Mortgage Loan free and clear of any encumbrance, equity, participation interest, lien, pledge, charge, claim or security interest. The Seller intends to relinquish all rights to possess, control and monitor the Mortgage Loan.
(m) Enforceability and Priority of Lien: The related Mortgage is a valid, subsisting, enforceable and perfected first lien on the Mortgaged Property (subject, as to enforceability, to bankruptcy and other creditors rights laws), including all buildings on the Mortgaged Property, and all installations and mechanical, electrical, plumbing, heating and air conditioning systems affixed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing securing the Mortgage Note's original principal balance. The Mortgage and the Mortgage Note do not contain any evidence of any security interest or other interest or right thereto. Such lien is free and clear of all adverse claims, liens and encumbrances having priority over the first lien of the Mortgage subject only to (1) the lien of non-delinquent current real property taxes and assessments not yet due and payable, (2) covenants, conditions and restrictions, rights of way, easements and other matters of the public record as of the date of recording which are acceptable to mortgage lending institutions generally and either (A) which are referred to or otherwise considered in the appraisal made for the originator of the Mortgage Loan, or (B) which do not adversely affect the Appraised Value of the Mortgaged Property as set forth in such appraisal and (3) other matters to which like properties are commonly subject which do not materially interfere with the benefits of the security intended to be provided by the Mortgage or the use, enjoyment, value or marketability of the related Mortgaged Property. Any security agreement, chattel mortgage or equivalent document related to and delivered in connection with the Mortgage Loan establishes and creates a valid, subsisting, enforceable and perfected first lien and first priority security interest on the property described therein (subject, as to enforceability, to bankruptcy and other creditors rights laws), and the Seller has the full right to sell and assign the same to the Purchaser; There are no mechanics' or similar liens or claims which have been filed for work, labor or material (and no rights are outstanding that under law could give rise to such liens) affecting the related Mortgaged Property which are or may be liens prior to or equal to the lien of the related Mortgage. The related original Mortgage has been recorded or is in the process of being recorded.
(n) Complete Mortgage Files: The Mortgage Note, the Mortgage, the Assignment of Mortgage and the other Mortgage Loan Documents set forth in Exhibits 1 and 2 and required to be delivered on the related Closing Date have been delivered to the Purchaser or its designee in compliance with the specific requirements of this Agreement and the PPTL for the related Mortgage Loan Package. With respect to each Mortgage Loan, the Seller is in possession of a complete Mortgage File including all documents used in the qualification of the borrower except for such documents as have been delivered to the Purchaser or its designee. In the event the Mortgage is a deed of trust, a trustee, authorized and duly qualified under applicable law to serve as such, has been properly designated, is named in the Mortgage and currently so serves, and no fees or expenses are or will become payable by the Purchaser to the trustee under the deed of trust, except in connection with a trustee's sale after default by the borrower.
(o) No Modifications: The terms of the Mortgage Note and the Mortgage have not been impaired, waived, altered or modified in any material respect, except by a written instrument that, if required by applicable law, has been recorded or is in the process of being
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recorded. The substance of any such waiver, alteration or modification has been approved by the issuer of any related Primary Mortgage Insurance Policy and title insurance policy, to the extent required by such policies, the terms of such waiver, alteration or modification have been reflected in the Mortgage Loan Schedule and the written instrument reflecting such terms has been included in the Mortgage File. No Mortgagor has been released, in whole or in part, from the terms of the Mortgage Note and the Mortgage, except in connection with an assumption agreement which is part of the Mortgage File and the terms of which are reflected in the related Mortgage Loan Schedule. The Mortgage and Mortgage Note have not been satisfied, canceled or subordinated, in whole or in part, or rescinded, and the Mortgaged Property has not been released from the lien of the Mortgage, in whole or in part, nor has any instrument been executed that would effect any such release, cancellation, subordination or rescission. The Seller has not waived the performance by the Mortgagor of any action, if the Mortgagor's failure to perform such action would cause the Mortgage Loan to be in default, nor has the Seller waived any default resulting from any action or inaction by the Mortgagor.
(p) Taxes Paid: All taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid by the borrower, or escrow funds from the borrower have been established in an amount sufficient to pay for every such escrowed item which remains unpaid and which has been assessed but is not yet due and payable.
(q) No Damage/Condemnation: Each Mortgaged Property is undamaged by waste, vandalism, fire, hurricane, earthquake or earth movement, windstorm, flood, tornado or other casualty adversely affecting the value of a Mortgaged Property or the use for which the premises were intended, and each Mortgaged Property is in substantially the same condition it was at the time the most recent Appraised Value was obtained. There is no proceeding pending or threatened for the total or partial condemnation of any Mortgaged Property.
(r) Fee Simple Estate / No Encroachments / Compliance with Zoning: The Mortgage creates a first lien or a first priority ownership interest in an estate in fee simple in real property securing the related Mortgage Note. All improvements subject to the Mortgage which were considered in determining the Appraised Value of the Mortgaged Property lie wholly within the boundaries and building restriction lines of the Mortgaged Property (and wholly within the project with respect to a condominium unit), no improvements on adjoining properties encroach upon the Mortgaged Property except those which are insured against by the title insurance policy referred to in clause (v) below and all improvements on the property comply with all applicable building, zoning and subdivision laws, regulations and ordinances.
(s) Legally Occupied: As of the related Closing Date, the Mortgaged Property is lawfully occupied under applicable law, and all inspections, licenses and certificates required to be made or issued with respect to all occupied portions of the Mortgaged Property and, with respect to the use and occupancy of the same, including but not limited to certificates of occupancy and fire underwriting certificates, have been made or obtained from the appropriate authorities.
(t) Mortgage Loan Legal and Binding: The Mortgage Note, the Mortgage and other agreements executed in connection therewith are original and genuine and each is the legal, valid
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and binding obligation of the maker thereof, enforceable in all respects in accordance with its terms subject to bankruptcy, insolvency, moratorium, reorganization and other laws of general application affecting the rights of creditors and by general equitable principles. The Seller has taken all action necessary to transfer such rights of enforceability to the Purchaser. All parties to the Mortgage Note, the Mortgage and other agreements executed in connection therewith, had the legal capacity to enter into the Mortgage Loan and to execute and deliver the Mortgage Note and the Mortgage. The Mortgage Note and the Mortgage have been duly and properly executed by such parties.
(u) Proceeds Fully Disbursed / Recording Fees Paid: The proceeds of the Mortgage Loan have been fully disbursed and there is no requirement for future advances thereunder, and any and all requirements as to completion of any on-site or off-site improvements and as to disbursements of any escrow funds therefor have been complied with. All costs, fees and expenses incurred in making or closing the Mortgage Loan and the recording of the Mortgage were paid or are in the process of being paid, and the Mortgagor is not entitled to any refund of any amounts paid or due under the Mortgage Note or Mortgage.
(v) Existence of Title Insurance: Each Mortgage Loan (except (1) any Mortgage Loan secured by a Mortgaged Property located in any jurisdiction as to which an opinion of counsel of the type customarily rendered in such jurisdiction in lieu of title insurance is instead received and (2) any Mortgage Loan secured by Cooperative Shares) is covered by an ALTA lender's title insurance policy or other form of policy or insurance generally acceptable to Fannie Mae or Freddie Mac, issued by a title insurer acceptable to Fannie Mae or Freddie Mac and qualified to do business in the jurisdiction where the Mortgaged Property is located, insuring (subject to the exceptions contained in (m)(1), (2) and (3) above) the Seller, its successors and assigns, as to the first priority lien of the Mortgage in the original principal amount of the Mortgage Loan. Additionally, such policy affirmatively insures ingress and egress to and from the Mortgaged Property. Where required by applicable state law or regulation, the Mortgagor has been given the opportunity to choose the carrier of the required mortgage title insurance. The Seller, its successors and assigns, are the sole insureds of such lender's title insurance policy; such title insurance policy has been duly and validly endorsed to the Purchaser or the assignment to the Purchaser of the Seller's interest therein does not require the consent of or notification to the insurer; and such lender's title insurance policy is in full force and effect and will be in full force and effect upon the consummation of the transactions contemplated by this Agreement and the related PPTL. No claims have been made under such lender's title insurance policy, and no prior holder of the related Mortgage, including the Seller, has done, by act or omission, anything which would impair the coverage of such lender's title insurance policy. No originator, seller, prior owner of the Mortgage Loan or other Person has provided or received any unlawful fee, commission, kickback, or other compensation or value of any kind in connection with the title insurance policy.
(w) Hazard Insurance: All buildings or other customarily insured improvements upon the Mortgaged Property are insured by an insurer acceptable under the Fannie Mae Guides, against loss by fire, hazards of extended coverage and such other hazards as are provided for in the Fannie Mae Guides or by the Freddie Mac Guides, in an amount representing coverage not less than the lesser of (i) the maximum insurable value of the improvements securing such Mortgage Loans and (ii) the greater of (a) the outstanding principal balance of the Mortgage
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Loan and (b) an amount such that the proceeds thereof shall be sufficient to prevent the Mortgagor and/or the Mortgagee from becoming a co-insurer. If the Mortgaged Property is a condominium unit, it is included under the coverage afforded by a blanket policy for the project. If required by the FDPA, the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and conforming to Fannie Mae and Freddie Mac requirements, in an amount not less than the amount required by the FDPA. Such policy was issued by an insurer acceptable under the Fannie Mae Guides or the Freddie Mac Guides. The Mortgage obligates the Mortgagor thereunder to maintain all such insurance at the Mortgagor's cost and expense, and upon the Mortgagor's failure to do so, authorizes the holder of the Mortgage to maintain such insurance at the Mortgagor's cost and expense and to seek reimbursement therefor from the Mortgagor. All such standard hazard and flood policies are in full force and effect and on the date of origination contained a standard mortgagee clause naming the Seller and its successors in interest and assigns as loss payee; such clause is still in effect and all premiums due on any such policies have been paid in full. No originator, seller, prior owner of the Mortgage Loan, borrower or any other Person, has engaged in any act or omission that would impair the coverage of any such insurance policy, the benefits of the endorsement provided for therein, or the validity and binding effect of either, including, without limitation, the provision or receipt of any unlawful fee, commission, kickback, or other compensation or value of any kind. No action, inaction, or event has occurred and no state of facts exists or has existed that has resulted or will result in the exclusion from, denial of, or defense to coverage under any such insurance policies, regardless of the cause of such failure of coverage.
(x) No Default: There is no default, breach, violation or event of acceleration existing under the Mortgage or the related Mortgage Note and no event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach, violation or event permitting acceleration; and neither the Seller nor any prior mortgagee has waived any default, breach, violation or event permitting acceleration. No foreclosure action is currently threatened or has been commenced with respect to any Mortgaged Property.
(y) No Rescission: The Mortgage Note and the Mortgage are not subject to any right of rescission, set-off, counterclaim or defense, including, without limitation, the defense of usury, nor will the operation of any of the terms of the Mortgage Note or the Mortgage, or the exercise of any right thereunder, render the Mortgage Note or Mortgage unenforceable, in whole or in part, or subject to any right of rescission, set-off, counterclaim or defense, including the defense of usury, and no such right of rescission, set-off, counterclaim or defense has been asserted with respect thereto. The Mortgagor was not a debtor at the time of origination of the Mortgage Loan and is not currently a debtor in any state or federal bankruptcy or insolvency proceeding.
(z) Enforceable Right of Foreclosure: The Mortgage relating to a Mortgaged Property contains customary and enforceable provisions such as to render the rights and remedies of the holder thereof adequate for the realization against such Mortgaged Property of the benefits of the security provided thereby. There is no homestead or other exemption available to the Mortgagor which would interfere with the right to sell the Mortgaged Property at a trustee's sale or the right to foreclose on the Mortgage.
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(aa) Mortgaged Property is 1-4 Family: The Mortgaged Property consists of a single parcel of real property with a detached single family residence erected thereon, or a townhouse, or a two-to four-family dwelling, or an individual condominium unit in a condominium project, or an individual unit in a planned unit development or a de minimis planned unit development, provided, however, that no residence or dwelling is a mobile home. As of the date of origination, no portion of the Mortgaged Property was used for commercial purposes, and since the date of origination no portion of the Mortgaged Property has been used for commercial purposes.
(bb) Mortgage Loan Qualifies for REMIC: Each Mortgage Loan constitutes a qualified mortgage under the applicable requirements of Section 860G(a)(3)(A) of the Code and Treasury Regulations Section 1.860G-2(a)(l).
(cc) Original Mortgage Notes: The Seller has delivered to the Purchaser the original Mortgage Note with respect to each Mortgage Loan.
(dd) Doing Business: All parties which have had any interest in the Mortgage, whether as Mortgagee, assignee, pledgee or otherwise, are (or, during the period in which they held and disposed of such interest, were) (A) in compliance with any and all applicable licensing requirements of the laws of the state wherein the Mortgaged Property is located and (B) (1) organized under the laws of such state, (2) qualified to do business in such state, (3) a federal savings and loan association, a national bank, a Federal Home Loan Bank or a savings bank having principal offices in such state or (4) not doing business in such state.
(ee) Loans Current / Prior Delinquencies: All payments due on a Mortgage Loan on or prior to the related Closing Date have been made as of the related Closing Date, no Mortgage Loan is Delinquent and no Mortgage Loan has been Delinquent during the preceding twelve-month period; no payment made on such Mortgage Loan has been dishonored; there are no material defaults under the terms of such Mortgage Loan; and neither the Seller nor any other party has advanced funds or induced, solicited or knowingly received any advance of funds from a party other than the owner of the Mortgaged Property subject to the Mortgage, directly or indirectly, for the payment of any amount required by the Mortgage Loan.
(ff) [Reserved]
(gg) Acceleration of Payments: The Mortgage contains the usual and enforceable provisions of the originator at the time of origination for the acceleration of the payment of the unpaid principal amount of the Mortgage Loan if the related Mortgaged Property is sold without the prior consent of the Mortgagee thereunder.
(hh) [Reserved]
(ii) Leasehold Interest Representation And Warranty: To the extent the Mortgage Loan is secured by a leasehold interest: (1) the borrower is the owner of a valid and subsisting interest as tenant under the lease and is not in default thereunder, (2) the lease is in full force and effect, and is unmodified, (3) all rents and other charges have been paid when due, (4) the lessor under the lease is not in default, (5) the execution, delivery, and performance of the Mortgage do not require the consent (other than the consents that have been obtained and are in full force and effect) under, and will not violate or cause a default under, the terms of the lease, (6) the lease is
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assignable or transferable, (7) the term of such lease does not terminate earlier than five years after the maturity date of the Mortgage Note, (8) the lease does not provide for termination of the lease in the event of the borrower's default without written notice to the Mortgagee and a reasonable opportunity to cure the default, (9) the lease permits the mortgaging of the related Mortgaged Property and (10) the lease protects the Mortgagee's interests in the event of a property condemnation.
(jj) Sole Collateral: As of the related Closing Date, the Mortgage Note is not and has not been secured by any collateral other than the lien of the corresponding Mortgage and the security interest of any applicable security agreement or chattel mortgage referred to in clause (m) above, and such collateral does not serve as security for any other obligation.
(kk) Full Disclosure: The Mortgagor has received all disclosure materials required by applicable law with respect to the making of fixed rate or adjustable rate mortgage loans, as applicable.
(ll) No Graduated Payments: The Mortgage Loan does not contain “graduated payment” features, does not have a shared appreciation or other contingent interest feature and does not contain any buydown provisions.
(mm) No Negative Amortization Loans: The Mortgage Loans have an original term to maturity of not more than 30 years, with interest payable in arrears on the first day of each month. Each Mortgage Note requires a monthly payment which is sufficient to fully amortize the original principal balance over the original term thereof (except in the case of interest only loans) and to pay interest at the related Mortgage Interest Rate. No Mortgage Loan contains terms or provisions which would result in negative amortization.
(nn) Recordable: As to any Mortgage Loan which is not a MERS Mortgage Loan, the Assignment of Mortgage is in recordable form and is acceptable for recording under the laws of the jurisdiction in which the Mortgaged Property is located.
(oo) Payment Terms: Payments on the Mortgage Loan commenced no more than sixty (60) days after the funds were disbursed in connection with the Mortgage Loan. The Mortgage Note is payable on the first day of each month in equal monthly installments of principal and interest (if not an interest only loan), with interest calculated and payable in arrears, sufficient to amortize the Mortgage Loan fully by the stated maturity date, over an original term of not more than thirty years from commencement of amortization.
(pp) Condominiums: If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development), or stock in a cooperative housing corporation, such condominium, cooperative or planned unit development project meets the eligibility requirements of Fannie Mae and Freddie Mac.
(qq) Servicemembers’ Civil Relief Act: The Mortgagor has not notified the Seller that it is requesting relief under the Servicemembers' Civil Relief Act, and the Seller has no knowledge of any relief requested or allowed to the Mortgagor under the Servicemembers' Civil Relief Act.
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(rr) Construction: As of the related Closing Date, no Mortgage Loan was in construction or rehabilitation status and no trade-in or exchange of a Mortgaged Property has been facilitated.
(ss) Qualified Lender: The Mortgage Loan was originated by a Mortgagee approved by the Secretary of Housing and Urban Development pursuant to Sections 203 and 211 of the National Housing Act, a savings and loan association, a savings bank, a commercial bank, credit union, insurance company or similar institution supervised and examined by a federal or state authority.
(tt) No Ground Leases: No Mortgaged Property is subject to a ground lease.
(uu) No Additional Fees: With respect to any broker fees collected and paid on any of the Mortgage Loans, all such fees have been properly assessed to the Mortgagor and no claims will arise as to such fees that are double charged and for which the Mortgagor would be entitled to reimbursement.
(vv) Home Ownership and Equity Protection Act 1994: None of the Mortgage Loans are subject to the Home Ownership and Equity Protection Act of 1994 or any comparable state law.
(ww) No Single Credit Insurance: None of the proceeds of the Mortgage Loan were used to finance single premium credit insurance policies.
(xx) Principal Advances: Any principal advances made to the Mortgagor prior to the related Closing Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee's consolidated interest or by other title evidence acceptable to Fannie Mae and Freddie Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan.
(yy) Interest Calculation: Interest on each Mortgage Loan is calculated on the basis of a 360-day year consisting of twelve 30-day months.
(zz) No Balloon Loans: No Mortgage Loan is a balloon loan.
(aaa) MERS Mortgage Loans: With respect to each MERS Mortgage Loan, a MIN has been assigned by MERS and such MIN is accurately provided on the Mortgage Loan Schedule. The related Assignment of Mortgage to MERS has been duly and properly recorded. With respect to each MERS Mortgage Loan, the Seller has not received any notice of liens or legal actions with respect to such Mortgage Loan and no such notices have been electronically posted by MERS.
(bbb) Credit Reporting: With respect to each Mortgage Loan, the Seller has fully and accurately furnished complete information on the related borrower credit files to Equifax,
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Experian and Trans Union Credit Information in accordance with the Fair Credit Reporting Act and its implementing regulations.
(ccc) Servicing. The Mortgage Loans have been serviced in accordance with all Applicable Requirements.
(ddd) Loan Type. No Mortgage Loan is a “pay option ARM,” “pick-a-payment” or similar type of mortgage loan or a home equity revolving line of credit.
(eee) Flood Certifications. Unless otherwise agreed upon by the Seller and the Purchaser, each Mortgage Loan is covered by a life of loan, transferable flood certification contract assignable to the Purchaser.
Subsection 7.02 Seller Representations and Covenants.
The Seller hereby represents, warrants and covenants to the Purchaser that, as to itself as of the related Closing Date (or such other date as is specified below):
(a) It is a corporation, duly organized, validly existing, and in good standing under the laws of the State of Texas and has all licenses necessary to carry on its business as now being conducted and is licensed, qualified and in good standing in the states where each Mortgaged Property is located if the laws of such state require licensing or qualification in order to conduct business of the type conducted by it. It is an approved seller in good standing of conventional residential mortgage loans for Fannie Mae or Freddie Mac and is a HUD-approved mortgagee under Section 203 of the National Housing Act. It has corporate power and authority to execute and deliver this Agreement and to perform in accordance herewith; the execution, delivery and performance of this Agreement (including all instruments of transfer to be delivered pursuant to this Agreement) by it and the consummation of the transactions contemplated hereby have been duly and validly authorized. This Agreement, assuming due authorization, execution and delivery by the Purchaser, evidences the legal, valid, binding and enforceable obligation of it, subject to applicable law except as enforceability may be limited by (i) bankruptcy, insolvency, liquidation, receivership, moratorium, reorganization or other similar laws affecting the enforcement of the rights of creditors and (ii) general principles of equity, whether enforcement is sought in a proceeding in equity or at law. All requisite corporate action has been taken by it to make this Agreement valid and binding upon it in accordance with the terms of this Agreement.
(b) No consent, approval, authorization or order is required for the transactions contemplated by this Agreement from any court, governmental agency or body, or federal or state regulatory authority having jurisdiction over it or, if required, such consent, approval, authorization or order has been or will, prior to the related Closing Date, be obtained.
(c) The consummation of the transactions contemplated by this Agreement are in its ordinary course of business and will not result in the breach of any term or provision of its articles of association or by-laws or result in the breach of any term or provision of, or conflict with or constitute a default under or result in the acceleration of any obligation under, any agreement, indenture or loan or credit agreement or other instrument to which it or its property is
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subject, or result in the violation of any law, rule, regulation, order, judgment or decree to which it or its property is subject.
(d) Its transfer, assignment and conveyance of the Mortgage Notes and the Mortgages pursuant to this Agreement are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction.
(e) There is no action, suit, proceeding or investigation pending or, to its best knowledge, threatened against it which, either individually or in the aggregate, would result in any material adverse change in its business, operations, financial condition, properties or assets, or in any material impairment of its right or ability to carry on its business substantially as now conducted or which would draw into question the validity of this Agreement or the Mortgage Loans or of any action taken or to be taken in connection with its obligations contemplated herein, or which would materially impair its ability to perform under the terms of this Agreement.
(f) To the best of the Seller’s knowledge, the Seller is not in material default under any agreement, contract, instrument or indenture to which the Seller is a party or by which it (or any of its assets) is bound, which default would have a material adverse effect on the ability of the Seller to perform under this Agreement, nor, to the best of the Seller’s knowledge, has any event occurred which, with the giving of notice, the lapse of time or both, would constitute a default under any such agreement, contract, instrument or indenture and have a material adverse effect on the ability of the Seller to perform its obligations under this Agreement.
(g) It does not believe, nor does it have any reason or cause to believe, that it cannot perform each and every covenant contained in this Agreement.
(h) As of the Servicing Transfer Date, the Seller has previously serviced and administered the Mortgage Loans in accordance with Customary Servicing Procedures, all applicable federal, state and local laws and the related Mortgage Notes and Mortgages.
(i) It has determined that the disposition of the Mortgage Loans pursuant to this Agreement will be afforded sale treatment for accounting and tax purposes.
(j) It is solvent and the sale of the Mortgage Loans will not cause it to become insolvent. The sale of the Mortgage Loans is not undertaken with the intent to hinder, delay or defraud any of its creditors.
(k) It has not dealt with any broker, investment banker, agent or other person that may be entitled to any commission or compensation in connection with the sale of the Mortgage Loans.
(l) To the best of the Seller’s knowledge, neither this Agreement nor any statement, report or other agreement, document or instrument furnished or to be furnished pursuant to this Agreement contains any materially untrue statement of fact or omits to state a fact necessary to make the statements contained therein not misleading.
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(m) (i) The Seller covenants that the transfer of servicing of each Mortgage Loan from the Seller to the Servicer shall be complete in all material respects by the related Servicing Transfer Date, and the transfer shall be in accordance with the Servicing Transfer Instructions.
(ii) Unless otherwise mutually agreed to by the Seller and the Purchaser, if a breach of the covenant described in Subsection 7.02(m)(i) continues for more than five (5) Business Days following the related Transfer Date, the Seller shall be required to repurchase the related Mortgage Loan at the Repurchase Price, and such repurchase shall be accomplished by wire transfer of the amount of the Repurchase Price to an account designated by the Purchaser.
Subsection 7.03 Repurchase; Substitution.
(a) It is understood and agreed that the representations and warranties set forth in Sections 7.01 and 7.02 shall survive the sale of the Mortgage Loans and delivery of the Mortgage File to the Purchaser, or its designee, and shall inure to the benefit of the Purchaser, notwithstanding any restrictive or qualified endorsement on any Mortgage Note or Assignment or the examination, or lack of examination, of any Mortgage Loan Document. Upon discovery by the Seller or the Purchaser of a breach of any of the foregoing representations and warranties which materially and adversely affects the value of the Mortgage Loans or the interest of the Purchaser in the Mortgage Loans (or which materially and adversely affects the value of a particular Mortgage Loan or the interest of the Purchaser in a particular Mortgage Loan in the case of a representation and warranty relating to such particular Mortgage Loan), the party discovering such breach shall give prompt written notice to the other. A breach of representations and warranties in Sections 7.01(h), (bb), and (vv) shall be deemed to materially and adversely affect the value of the related Mortgage Loan or the interest of the Purchaser in any Mortgage Loan. With respect to the representations and warranties contained in Sections 7.01 and 7.02 that are made to the Seller’s knowledge or to the best of Seller’s knowledge, if it is discovered by either the Seller or the Purchaser that the substance of such representation and warranty is inaccurate and such inaccuracy materially and adversely affects the value of the related Mortgage Loan or the interest of the Purchaser in the related Mortgage Loan, the Purchaser shall be entitled to all the remedies to which it would be entitled for a breach of representation or warranty, including, without limitation, the repurchase requirements contained herein, notwithstanding Seller’s lack of knowledge with respect to the inaccuracy at the time the representation or warranty was made. The Seller shall have a period of sixty (60) days from the earlier of its discovery or its receipt of notice of any such breach within which to correct or cure such breach; provided, however, that if a Mortgage Loan has been transferred to a REMIC and the breach is with respect to the representation and warranty in Section 7.01(bb), the Seller shall have a period of sixty (60) days from its discovery of such breach within which to cure such breach. The Seller hereby covenants and agrees that if any such breach is not corrected or cured within such sixty (60) day period, the Seller shall, at the Purchaser’s option, (i) repurchase such Mortgage Loan at the Repurchase Price, (ii) substitute a mortgage loan for the defective Mortgage Loan as provided below or (iii) except for a breach of the representation and warranty in Section 7.01(bb), make an indemnification payment in an amount equal to the reduction in value of such Mortgage Loan as a result of such breach, such payment to be made in the manner set forth above in respect of the Purchase Price of a repurchased Mortgage Loan. In the event that any such breach shall involve any representation or warranty set forth in Section 7.02, and
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such breach is not cured within sixty (60) days of the earlier of either discovery by or notice to the Seller of such breach, all Mortgage Loans shall, at the option of the Purchaser, be repurchased by the Seller at the Repurchase Price. Any such repurchase shall be accomplished by wire transfer of the amount of the Repurchase Price to an account designated by the Purchaser. If the breach of representation and warranty that gave rise to the obligation to repurchase or substitute a Mortgage Loan pursuant to this Section 7.03(a) was the representation and warranty set forth in clause (e) or (h) of Section 7.01, then the Seller shall pay to the Purchaser, concurrently with and in addition to the remedies provided in this Section 7.03(a), an amount equal to any liability, penalty or expense that was actually incurred and paid out of or on behalf of the Purchaser, and that directly resulted from such breach, or if incurred and paid by the Purchaser thereafter, concurrently with such payment.
(b) If the Seller is required to repurchase any Mortgage Loan pursuant to this Subsection 7.03 as a result of a breach of any of the representations and warranties set forth in Subsection 7.01, the Seller may, with the Purchaser’s prior consent, within two (2) years from the related Closing Date, remove such defective Mortgage Loan from the terms of this Agreement and substitute another mortgage loan for such defective Mortgage Loan, in lieu of repurchasing such defective Mortgage Loan. Any Substitute Mortgage Loan shall (a) have a principal balance at the time of substitution not in excess of the principal balance of the Deleted Mortgage Loan (the amount of any difference, plus one month’s interest thereon at the Mortgage Loan Remittance Rate borne by the Deleted Mortgage Loan, being paid by the Seller and deemed to be a Principal Prepayment to an account designated by the Purchaser), (b) have a Mortgage Interest Rate not less than, and not more than one percentage point greater than, the Mortgage Interest Rate of the Deleted Mortgage Loan or in the case of an Adjustable Rate Mortgage Loan, have the same index, a margin that is not less than the margin of the Deleted Mortgage Loan and Adjustment Dates that are the same frequency as that of the Deleted Mortgage Loan, (c) have a remaining term to stated maturity not later than, and not more than one year less than, the remaining term to stated maturity of the Deleted Mortgage Loan, (d) be, in the reasonable determination of the Purchaser, of the same type, quality and character (including location of the Mortgaged Property) as the Deleted Mortgage Loan as if the breach had not occurred, (e) have a Loan-to-Value Ratio at origination no greater than that of the Deleted Mortgage Loan, (f) have the same lien priority as that of the Deleted Mortgage Loan and (g) be, in the reasonable determination of the Purchaser, in material compliance with the representations and warranties contained in this Agreement and described in Subsection 7.01 as of the date of substitution.
(c) The Seller shall amend the related Mortgage Loan Schedule to reflect the withdrawal of the Deleted Mortgage Loan from this Agreement and the substitution of such substitute Mortgage Loan therefor. Upon such amendment, the Purchaser shall review the Mortgage File delivered to it relating to the substitute Mortgage Loan. The Monthly Payment on a substitute Mortgage Loan due on the Due Date in the month of substitution shall be the property of the Seller and the Monthly Payment on the Deleted Mortgage Loan for which the substitution is made due on such date shall be the property of the Purchaser.
(d) It is understood and agreed that the obligation of the Seller set forth in this Subsection 7.03 to cure, repurchase or substitute for a defective Mortgage Loan, and to indemnify the Purchaser pursuant to Subsection 12.01, constitutes the sole remedies of the
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Purchaser respecting a breach of the foregoing representations and warranties. If the Seller fails to repurchase or substitute for a defective Mortgage Loan in accordance with this Subsection 7.03, or fails to cure a defective Mortgage Loan to the Purchaser’s reasonable satisfaction in accordance with this Subsection 7.03, or to indemnify the Purchaser pursuant to Subsection 12.01, that failure shall be an Event of Default and the Purchaser shall be entitled to pursue all available remedies. No provision of this paragraph shall affect the rights of the Purchaser to terminate this Agreement for cause, as set forth in Subsections 13.01 and 14.01.
(e) Any cause of action against the Seller relating to or arising out of the breach of any representations and warranties made in Subsections 7.01 and 7.02 shall accrue as to any Mortgage Loan upon (i) notice thereof by the Purchaser to the Seller (ii) failure by the Seller to cure such breach or repurchase such Mortgage Loan as specified above, and (iii) demand upon the Seller by the Purchaser for compliance with this Agreement.
(f) In the event that any Mortgage Loan is held by a REMIC, notwithstanding any contrary provision of this Agreement, with respect to any Mortgage Loan that is not in default or as to which no default is imminent, Purchaser may, in connection with any repurchase or substitution of a defective Mortgage Loan pursuant to this Subsection 7.03, require that the Seller deliver, at the Seller’s expense, an Opinion of Counsel to the effect that such repurchase or substitution will not (i) result in the imposition of taxes on “prohibited transactions” of such REMIC (as defined in Section 860F of the Code) or otherwise subject the REMIC to tax, or (ii) cause the REMIC to fail to qualify as a REMIC at any time.
(g) With respect to any Mortgage Loan listed as having mortgage insurance on the Mortgage Loan Schedule, regardless of whether the insurance is borrower paid or lender paid, if the mortgage insurer rejects, denies, or rescinds a claim on the basis of any defect in connection with the origination of the Mortgage Loan or the servicing of the Mortgage Loan prior to the Closing Date (a “mortgage insurer rejection”), other than as a result of the mortgage insurer’s breach of its obligations or as a result of the mortgage insurer's insolvency, the Seller shall either repurchase such Mortgage Loan at the Repurchase Price or pay the Purchaser the amount of such claim within thirty (30) days from the date of such mortgage insurer rejection.
(h) The parties agree that the resolution of any controversy or claim arising out of or relating to an obligation or alleged obligation of the Seller to repurchase a Mortgage Loan due to a breach of a representation or warranty contained in Section 7.01 hereof shall be by Arbitration.
If any allegation of a breach of a representation or warranty made in Section 7.01 has not been resolved to the satisfaction of both the Purchaser and the Seller, either party may commence Arbitration to resolve the dispute; provided that a party may commence Arbitration with respect to one or more unresolved allegations only during the months of January, April, July and October, and all matters with respect to which Arbitration has been commenced in any such month shall be heard in a single Arbitration in the immediately following month or as soon as practicable thereafter. To commence Arbitration, the moving party shall deliver written notice to the other party that it has elected to pursue Arbitration in accordance with this Section 7.03(h), provided that if the Seller has not responded to the Purchaser's notification of a breach of a representation and warranty, the Purchaser shall not commence Arbitration with respect to that breach before 60 days following such notification in order to provide the Seller with an
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opportunity to respond to such notification. Within 10 Business Days after a party has provided notice that it has elected to pursue Arbitration, each party may submit the names of one or more proposed Arbitrators to the other party in writing. If the parties have not agreed on the selection of an Arbitrator within five Business Days after the first such submission, then the party commencing Arbitration shall, within the next 5 business days, notify the American Arbitration Association in New York, NY and request that it appoint a single Arbitrator with experience in arbitrating disputes arising in the financial services industry.
It is the intention of the parties that Arbitration shall be conducted in as efficient and cost-effective a manner as is reasonably practicable, without the burden of discovery. Accordingly, the Arbitrator will resolve the dispute on the basis of a review of the written correspondence between the parties (including any supporting materials attached to such correspondence) conveyed by the parties to each other in connection with the dispute prior to the delivery of notice to commence Arbitration; however, upon a showing of good cause, a party may request the Arbitrator to direct the production of such additional information, evidence and/or documentation from the parties that the Arbitrator deems appropriate. If requested by the Arbitrator or any party, any hearing with respect to an Arbitration shall be conducted by video conference or teleconference except upon the agreement of both parties or the request of the Arbitrator.
The finding of the Arbitrator shall be final and binding upon the parties. Judgment upon any arbitration award rendered may be entered and enforced in any court of competent jurisdiction. The costs of the Arbitrator shall be shared equally between both parties. Each party, however, shall bear its own attorneys fees and costs in connection with the Arbitration.
Subsection 7.04 Repurchase of Mortgage Loans With Early Payment Default.
If a Monthly Payment becomes Delinquent by one (1) or more scheduled Monthly Payments at any time on or prior to the first day of the third calendar month following the date of origination of the Mortgage Loan (or such other earlier date set forth in the related PPTL), then the Seller, at the Purchaser’s option, shall (a) promptly repurchase the related Mortgage Loan from the Purchaser in accordance with the procedures set forth in Subsection 7.03 hereof, however, any such repurchase shall be made at the Purchase Price, or (b) substitute a mortgage loan acceptable to the Purchaser in accordance with Subsection 7.03 hereof.
Subsection 7.05 Purchase Price Protection.
With respect to any Mortgage Loan that prepays in full on or prior to the last day of the third full month following the related Closing Date (or such other earlier date set forth in the related PPTL), the Seller shall reimburse the Purchaser an amount equal to the product of (a) the amount by which Purchase Price Percentage paid by the Purchaser to the Seller for such Mortgage Loan exceeds 100% and (b) the outstanding principal balance of the Mortgage Loan as of the Cut-off Date. Such payment shall be made within thirty (30) days of such payoff.
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SECTION 8. Closing.
Subsection 8.01 Closing Conditions.
The closing for the purchase and sale of each Mortgage Loan Package shall take place on the respective Closing Date. The closing shall be either by telephone, confirmed by letter or wire as the parties hereto shall agree, or conducted in person, at such place as the parties hereto shall agree.
The closing for each Mortgage Loan Package shall be subject to the satisfaction of each of the following conditions:
(a) the Seller shall have delivered to the Purchaser the related Mortgage Loan Schedule and an electronic data file containing information on a loan-level basis;
(b) all of the representations and warranties of the Seller under this Agreement shall be true and correct as of the related Closing Date (or, with respect to Subsection 7.01, such other date specified therein) in all material respects and no default shall have occurred hereunder which, with notice or the passage of time or both, would constitute an Event of Default hereunder;
(c) the Purchaser shall have received from the custodian an initial certification with respect to its receipt of the Mortgage Loan Documents for the related Mortgage Loans;
(d) the Purchaser shall have received originals of the related PPTL executed by the Seller and a funding memorandum setting forth the Purchase Price(s) for the Mortgage Loan Package; and
(e) all other terms and conditions of this Agreement and the related PPTL to be satisfied by the Seller shall have been complied with in all material respects.
Upon satisfaction of the foregoing conditions, the Purchaser shall pay to the Seller on such Closing Date the Purchase Price for the related Mortgage Loan Package pursuant to Section 4 of this Agreement.
Subsection 8.02 Closing Documents.
(a) On or before the initial Closing Date, the Seller shall submit to the Purchaser fully executed originals of the following documents:
(i) this Agreement, in four counterparts;
(ii) if requested by the Purchaser, a letter confirming the account name and number of the Custodial Account in a form to be provided by the Purchaser;
(iii) if requested by the Purchaser, a letter confirming the account name and number of the Escrow Account in a form to be provided by the Purchaser; and
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(b) On or before each Closing Date, the Seller shall submit to the Purchaser fully executed originals of the following documents:
(i) the related PPTL;
(ii) the related Mortgage Loan Schedule;
(iii) the Purchaser shall have received from its custodian an initial certification with respect to its receipt of the Mortgage Loan Documents for the related Mortgage Loans;
(iv) a certificate or other evidence of merger or change of name, signed or stamped by the applicable regulatory authority, if any of the Mortgage Loans were acquired by the Seller by merger or acquired or originated by the Seller while conducting business under a name other than its present name, if applicable.
SECTION 9. [Reserved.]
SECTION 10. Costs.
The Seller shall pay any commissions due its salespeople and the legal fees and expenses of its attorneys. The Purchaser shall pay the cost of delivering the Mortgage Files to the Purchaser or its designee, the cost of recording the Assignments of Mortgage and all other costs and expenses incurred in connection with the sale of the Mortgage Loans by the Seller to the Purchaser, including without limitation the Purchaser’s attorneys’ fees. The Seller shall pay the cost of delivering the Mortgage Loan Documents to the Purchaser or its designee for each related Closing Date.
SECTION 11. Interim Servicing; Servicing Transfer.
Subsection 11.01 Temporary Servicing of Mortgage Loans.
This Section 11 shall apply during the Interim Servicing Period, but only to the extent that funds collected and received pursuant to any Mortgage Loan during the Interim Servicing Period are payable to the Purchaser. All funds collected and received pursuant to each Mortgage Loan during the Interim Servicing Period that are payable to the Purchaser shall be applied in accordance with this Section 11 and the Servicing Transfer Instructions. All payments received in respect of the Mortgage Loans after the Servicing Transfer Date shall be applied in accordance with the Servicing Transfer Instructions. The Seller agrees to comply with the Customary Servicing Procedures during the Interim Servicing Period.
(a) The Seller, as an independent contractor, shall service and administer the Mortgage Loans on behalf of the Purchaser from and after the Closing Date through the Servicing Transfer Date in accordance with this Agreement, the Servicing Transfer Instructions, Customary Servicing Procedures and the terms of the Mortgage Notes and Mortgages, and shall have full power and authority, acting alone or through subservicers or agents, to do or cause to be done any and all things in connection with such servicing and administration which the Seller may deem necessary or desirable and consistent with the terms of this Agreement. The Seller
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may perform its servicing responsibilities through agents or independent contractors, but shall not thereby be released from any of its responsibilities hereunder. Notwithstanding anything to the contrary, the Seller may delegate any of its duties under this Agreement to one or more of its affiliates without regard to any of the requirements of this section; provided, however, that the Seller shall not be released from any of its responsibilities hereunder by virtue of such delegation. The Mortgage Loans may be subserviced by one or more unaffiliated subservicers on behalf of the Seller provided each subservicer is a Fannie Mae approved seller/servicer or a Freddie Mac approved seller/servicer in good standing, and no event has occurred, including but not limited to a change in insurance coverage, that would make it unable to comply with the eligibility for seller/servicers imposed by Fannie Mae or Freddie Mac, or which would require notification to Fannie Mae or Freddie Mac. The Seller shall pay all fees and expenses of the subservicer from its own funds (provided that any such expenditures that would constitute Servicing Advances if made by the Seller hereunder shall be reimbursable to the Seller as Servicing Advances), and the subservicer’s fee shall not exceed the Servicing Fee.
(b) It is further understood and agreed that the interim servicing obligations of the Seller hereunder shall be limited to such servicing and collection activities as are necessary for preserving the Purchaser’s interest in the Mortgage Loans on a temporary basis, and that the servicing of the Mortgage Loans is intended by Seller and Purchaser to be transferred to the Purchaser or its designee on or before the Servicing Transfer Date. In no event shall the Seller service, or bear any obligation for the servicing of, any Mortgage Loan into any Securitization Transaction, Whole Loan Transfer, or in connection with the reconstitution of any Mortgage Loan.
(c) At the cost and expense of the Seller, without any right of reimbursement from the Custodial Account, the Seller shall be entitled to terminate the rights and responsibilities of a subservicer and arrange for any servicing responsibilities to be performed by a successor subservicer meeting the requirements in the preceding paragraph; provided, however, that nothing contained herein shall be deemed to prevent or prohibit the Seller, at the Seller’s option, from electing to service the related Mortgage Loans itself. If the Seller’s responsibilities and duties under this Agreement are terminated and if requested to do so by the Purchaser, the Seller shall at its own cost and expense terminate the rights and responsibilities of the subservicer as soon as is reasonably possible. The Seller shall pay all fees, expenses or penalties necessary in order to terminate the rights and responsibilities of the subservicer from the Seller’s own funds without reimbursement from the Purchaser.
(d) The Seller shall be entitled to enter into an agreement with the subservicer for indemnification of the Seller by the subservicer and nothing contained in this Agreement shall be deemed to limit or modify such indemnification.
(e) Any subservicing agreement and any other transactions or services relating to the Mortgage Loans involving the subservicer shall be deemed to be between the subservicer and Seller alone, and the Purchaser shall have no obligations, duties or liabilities with respect to the subservicer including no obligation, duty or liability of the Purchaser to pay the subservicer’s fees and expenses. For purposes of distributions and advances by the Seller pursuant to this Agreement, the Seller shall be deemed to have received a payment on a Mortgage Loan when the subservicer has received such payment. The Seller shall not make any amendment to any
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agreement with a subservicer if such amendment is not consistent with or violates the provisions of this Agreement, or if such amendment could be reasonably expected to be materially adverse to the interests of the Purchaser.
(f) The Seller shall not waive, modify or vary any term of any Mortgage Loan or consent to the postponement of strict compliance with any such term or in any manner grant indulgence to any Mortgagor without the prior written approval of the Purchaser.
(g) Whether in connection with the foreclosure of a Mortgage Loan approved by the Purchaser or otherwise, the Seller shall from its own funds make all necessary and proper Servicing Advances; provided, however, that the Seller is not required to make a Servicing Advance unless the Seller determines in the exercise of its good faith judgment that such Servicing Advance would ultimately be recoverable from REO Disposition Proceeds, Insurance Proceeds or Condemnation Proceeds of the related Mortgaged Property (with respect to each of which the Seller shall have the priority described in Subsection 11.05 for purposes of withdrawals from the Custodial Account). Any Servicing Advance that would cause the amount of unreimbursed Servicing Advances for a particular Mortgage Loan to exceed $500 shall be made only after notification of the Purchaser.
(h) Notwithstanding anything to the contrary contained herein, in connection with a foreclosure or acceptance of a deed in lieu of foreclosure, in the event the Seller has reasonable cause to believe that a Mortgaged Property is contaminated by hazardous or toxic substances or wastes, or if the Purchaser otherwise requests an environmental inspection or review of such Mortgaged Property, such an inspection or review is to be conducted by a qualified inspector at the Purchaser’s expense. Upon completion of the inspection, the Seller shall promptly provide the Purchaser with a written report of the environmental inspection. In the event (i) the environmental inspection report indicates that the Mortgaged Property is contaminated by hazardous or toxic substances or wastes and (ii) the Purchaser directs the Seller to proceed with foreclosure or acceptance of a deed in lieu of foreclosure, the Seller shall be reimbursed for all reasonable costs associated with such foreclosure or acceptance of a deed in lieu of foreclosure and any related environmental clean up costs, as applicable, from the related Liquidation Proceeds, or if the Liquidation Proceeds are insufficient fully to reimburse the Seller, the Seller shall be entitled to be reimbursed from amounts in the Custodial Account pursuant to Subsection 11.05 hereof. In the event the Purchaser directs the Seller not to proceed with foreclosure or acceptance of a deed in lieu of foreclosure, the Seller shall be reimbursed for all Servicing Advances made with respect to the related Mortgaged Property from the Custodial Account pursuant to Subsection 11.05 hereof. Servicing Advances for which the Seller has not been reimbursed as of the Servicing Transfer Date shall be reimbursed in accordance with the Servicing Transfer Instructions.
Subsection 11.02 Directions by Purchaser During Interim Servicing Period.
During the Interim Servicing Period, in the event that any payment due under any Mortgage Loan is not paid when the same becomes due and payable, or in the event the Mortgagor fails to perform any other covenant or obligation under the Mortgage Loan and such failure continues beyond any applicable grace period, the Seller shall so notify the Purchaser and shall take such action as it is directed by the Purchaser.
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Subsection 11.03 Collection of Mortgage Loan Payments.
Continuously from the date hereof until the earlier of (i) the date on which principal and interest on all Mortgage Loans are paid in full and (ii) the Servicing Transfer Date, the Seller will proceed diligently, in accordance with this Agreement, to collect all payments due under each of the Mortgage Loans when the same shall become due and payable. Further, the Seller will in accordance with Customary Servicing Procedures ascertain and estimate taxes, assessments, fire and hazard insurance premiums, premiums for Primary Mortgage Insurance Policies, and all other charges that, as provided in any Mortgage, will become due and payable to the end that the installments payable by the Mortgagors will be sufficient to pay such charges as and when they become due and payable.
Mortgage Loan payments received by the Seller will be deposited within one Business Day of receipt into a clearing account that is an Eligible Account. The Mortgage Loan payments may be commingled with payments of other mortgagors and investors for up to two Business Days prior to the Seller depositing the Mortgage Loan payments in the Custodial Account. Such clearing account shall not be used for operational or corporate purposes of the Seller.
Subsection 11.04 Establishment of Custodial Account; Deposits in Custodial Account.
The Seller shall segregate and hold all funds collected and received pursuant to each Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts (collectively, the “Custodial Account”), titled “Cornerstone Mortgage Company, in trust for Redwood Residential Acquisition Corporation as Purchaser of Mortgage Loans and various Mortgagors.” Such Custodial Account shall be an Eligible Account established with a commercial bank, a savings bank or a savings and loan association (which may be a depository affiliate of the Seller) which meets the guidelines set forth by Fannie Mae or Freddie Mac as an eligible depository institution for custodial accounts. The Custodial Account shall initially be established and maintained at J.P. Morgan Chase Bank, or any successor thereto, and shall not be transferred to any other depository institution without the Purchaser’s approval, which shall not unreasonably be withheld. In any case, the Custodial Account shall be insured by the FDIC in a manner which shall provide maximum available insurance thereunder and which may be drawn on by the Seller.
The Seller shall deposit in the Custodial Account on a daily basis, and retain therein the following payments and collections received or made by it subsequent to the related Cut-off Date (other than in respect of principal and interest on the Mortgage Loans due on or before the related Cut-off Date):
(a) all payments on account of principal, including Principal Prepayments, on the Mortgage Loans;
(b) all payments on account of interest on the Mortgage Loans adjusted to the related Mortgage Loan Remittance Rate;
(c) all Liquidation Proceeds;
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(d) all proceeds received by the Seller under any title insurance policy, hazard insurance policy, Primary Mortgage Insurance Policy or other insurance policy other than proceeds to be held in the Escrow Account and applied to the restoration or repair of the Mortgaged Property or released to the Mortgagor in accordance with Customary Servicing Procedures;
(e) all awards or settlements in respect of condemnation proceedings or eminent domain affecting any Mortgaged Property which are not released to the Mortgagor in accordance with Customary Servicing Procedures;
(f) any amount required to be deposited in the Custodial Account pursuant to Subsections 11.15 and 11.19;
(g) any amount required to be deposited by the Seller in connection with any REO Property pursuant to Subsection 11.13;
(h) all amounts required to be deposited by the Seller in connection with shortfalls in principal amount of Substitute Mortgage Loans pursuant to Subsection 7.03;
(i) with respect to each Full Prepayment and each Partial Prepayment, an amount (to be paid by the Seller out of its own funds) equal to the Prepayment Interest Shortfall; provided, however, that the Seller’s aggregate obligations under this paragraph for any month shall be limited to the total amount of Servicing Fees actually received with respect to the Mortgage Loans by the Seller during such month; and
(j) amounts required to be deposited by the Seller in connection with the deductible clause of any hazard insurance policy.
The foregoing requirements for deposit in the Custodial Account shall be exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments in the nature of late payment charges, assumption fees and other ancillary fees need not be deposited by the Seller in the Custodial Account.
The funds in the Custodial Account shall remain uninvested.
Subsection 11.05 Withdrawals From the Custodial Account.
The Seller shall, from time to time during the Interim Servicing Period, withdraw funds from the Custodial Account for the following purposes:
(a) to make payments to the Purchaser in the amounts and in the manner provided for in Subsection 11.15;
(b) [reserved];
(c) to reimburse itself for any unpaid Servicing Fees and for unreimbursed Servicing Advances, the Seller’s right to reimburse itself pursuant to this subclause (c) with respect to any Mortgage Loan being limited to related Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds and such other amounts as may be collected by the Seller from the related
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Mortgagor or otherwise relating to the Mortgage Loan, it being understood that, in the case of any such reimbursement, the Seller’s right thereto shall be prior to the rights of the Purchaser unless the Seller is required to repurchase a Mortgage Loan pursuant to Subsection 7.03, or the Seller is required to pay the Prepayment Interest Shortfall pursuant to Subsection 11.15, in which case the Seller’s right to such reimbursement shall be subsequent to the payment to the Purchaser of the related Repurchase Price pursuant to Subsection 7.03, and all other amounts required to be paid to the Purchaser with respect to such Mortgage Loan;
(d) to reimburse itself for unreimbursed Servicing Advances, to the extent that such amounts are nonrecoverable (as certified by the Seller to the Purchaser in an Officer’s Certificate) by the Seller pursuant to subclause (c) above, provided that the Mortgage Loan for which such advances were made is not required to be repurchased by the Seller pursuant to Subsection 7.03;
(e) to reimburse itself for expenses incurred by and reimbursable to it pursuant to Subsection 12.01;
(f) [reserved];
(g) to pay to itself any interest earned or any investment earnings on funds deposited in the Custodial Account, net of any losses on such investments;
(h) to withdraw any amounts inadvertently deposited in the Custodial Account; and
(i) to clear and terminate the Custodial Account upon the termination of this Agreement.
Upon request, the Seller will provide the Purchaser with copies of reasonably acceptable invoices or other documentation relating to Servicing Advances that have been reimbursed from the Custodial Account.
Subsection 11.06 Establishment of Escrow Account; Deposits in Escrow Account.
The Seller shall segregate and hold all funds collected and received pursuant to each Mortgage Loan which constitute Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts (collectively, the “Escrow Account”), titled “Cornerstone Mortgage Company, in trust for Redwood Residential Acquisition Corporation as Purchaser of Mortgage Loans and various Mortgagors.” The Escrow Account shall be an Eligible Account established with a commercial bank, a savings bank or a savings and loan association (which may be a depository affiliate of Seller), which meets the guidelines set forth by Fannie Mae or Freddie Mac as an eligible institution for escrow accounts. The Escrow Account shall initially be established and maintained at J.P. Morgan Chase Bank, or any successor thereto, and shall not be transferred to any other depository institution without the Purchaser’s approval, which shall not unreasonably be withheld. In any case, the Escrow Account shall be insured by the FDIC in a manner which shall provide maximum available insurance thereunder and which may be drawn on by the Seller.
The Seller shall deposit in the Escrow Account on a daily basis, and retain therein: (a) all Escrow Payments collected on account of the Mortgage Loans, for the purpose of effecting timely payment of any such items as required under the terms of this Agreement and (b) all
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amounts representing proceeds of any hazard insurance policy which are to be applied to the restoration or repair of any Mortgaged Property. The Seller shall make withdrawals therefrom only in accordance with Subsection 11.07 hereof. As part of its interim servicing duties, the Seller shall pay to the Mortgagors interest on funds in the Escrow Account, to the extent required by law.
Subsection 11.07 Withdrawals From Escrow Account.
Withdrawals from the Escrow Account shall be made by the Seller only (a) to effect timely payments of ground rents, taxes, assessments, premiums for Primary Mortgage Insurance Policies, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage, (b) to reimburse the Seller for any Servicing Advance made by Seller pursuant to Subsection 11.08 hereof with respect to a related Mortgage Loan, (c) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan, (d) for transfer to the Custodial Account upon default of a Mortgagor or in accordance with the terms of the related Mortgage Loan and if permitted by applicable law, (e) for application to restore or repair of the Mortgaged Property, (f) to pay to the Mortgagor, to the extent required by law, any interest paid on the funds deposited in the Escrow Account, (g) to pay to itself any interest earned on funds deposited in the Escrow Account (and not required to be paid to the Mortgagor), (h) to the extent permitted under the terms of the related Mortgage Note and applicable law, to pay late fees with respect to any Monthly Payment which is received after the applicable grace period, (i) to withdraw suspense payments that are deposited into the Escrow Account, (j) to withdraw any amounts inadvertently deposited in the Escrow Account or (k) to clear and terminate the Escrow Account upon the termination of this Agreement.
Subsection 11.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder.
With respect to each Mortgage Loan, the Seller shall maintain accurate records reflecting the status of ground rents, taxes, assessments and other charges which are or may become a lien upon the Mortgaged Property and the status of premiums for Primary Mortgage Insurance Policies and fire and hazard insurance coverage and shall obtain, from time to time, all bills for the payment of such charges (including renewal premiums) and shall effect payment thereof prior to the applicable penalty or termination date and at a time appropriate for securing maximum discounts allowable, employing for such purpose deposits of the Mortgagor in the Escrow Account which shall have been estimated and accumulated by the Seller in amounts sufficient for such purposes, as allowed under the terms of the Mortgage. To the extent that a Mortgage does not provide for Escrow Payments, the Seller shall determine that any such payments are made by the Mortgagor. The Seller assumes full responsibility for the timely payment of all such bills and shall effect timely payments of all such bills irrespective of each Mortgagor’s faithful performance in the payment of same or the making of the Escrow Payments and shall make Servicing Advances to effect such payments, subject to its ability to recover such Servicing Advances pursuant to Subsections 11.05(c), 11.05(d) and 11.07(b). No costs incurred by the Seller or subservicers in effecting the payment of ground rents, taxes, assessments and other charges on the Mortgaged Properties or mortgage or hazard insurance premiums shall, for the purpose of calculating remittances to the Purchaser, be added to the amount owing under the related Mortgage Loans, notwithstanding that the terms of such Mortgage Loans so permit.
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Subsection 11.09 Transfer of Accounts.
The Seller may, with Purchaser's approval which shall not be unreasonably withheld, transfer the Custodial Account or the Escrow Account to an Eligible Account at a different depository institution.
Subsection 11.10 Maintenance of Hazard Insurance.
The Seller shall cause to be maintained for each Mortgage Loan fire and hazard insurance with extended coverage customary in the area where the Mortgaged Property is located by an insurer acceptable to Fannie Mae or Freddie Mac and FHA or VA, as applicable, in an amount which is at least equal to the lesser of (a) the full insurable value of the Mortgaged Property or (b) the greater of (i) the outstanding principal balance owing on the Mortgage Loan and (ii) an amount such that the proceeds of such insurance shall be sufficient to avoid the application to the Mortgagor or loss payee of any coinsurance clause under the policy. If the Mortgaged Property is in an area identified in the Federal Register by the Federal Emergency Management Agency as a special flood hazard area (and such flood insurance has been made available) the Seller will cause to be maintained a flood insurance policy meeting the requirements of the National Flood Insurance Program, in an amount representing coverage not less than the lesser of (A) the minimum amount required under the terms of the coverage to compensate for any damage or loss to the Mortgaged Property on a replacement-cost basis (or the outstanding principal balance of the Mortgage Loan if replacement-cost basis is not available) or (B) the maximum amount of insurance available under the National Flood Insurance Program. The Seller shall also maintain on REO Property fire and hazard insurance with extended coverage in an amount which is at least equal to the maximum insurable value of the improvements which are a part of such property, liability insurance and, to the extent required and available under the National Flood Insurance Program, flood insurance in an amount required above. Any amounts collected by the Seller under any such policies (other than amounts to be deposited in the Escrow Account and applied to the restoration or repair of the property subject to the related Mortgage or property acquired in liquidation of the Mortgage Loan, or to be released to the Mortgagor in accordance with Customary Servicing Procedures) shall be deposited in the Custodial Account, subject to withdrawal pursuant to Subsection 11.05. It is understood and agreed that no earthquake or other additional insurance need be required by the Seller of any Mortgagor or maintained on REO Property other than pursuant to such applicable laws and regulations as shall at any time be in force and as shall require such additional insurance. All policies required hereunder shall be endorsed with standard mortgagee clauses with loss payable to the Seller, and shall provide for at least thirty (30) days prior written notice of any cancellation, reduction in amount or material change in coverage to the Seller. The Seller shall not interfere with the Mortgagor’s freedom of choice in selecting either its insurance carrier or agent; provided, however, that unless otherwise required by the terms of the related Mortgage Note or applicable law, the Seller shall not accept any such insurance policies from insurance companies unless such companies are acceptable to Fannie Mae or Freddie Mac and FHA or VA, as applicable, and are licensed to do business in the state wherein the property subject to the policy is located.
The hazard insurance policies for each Mortgage Loan secured by a unit in a condominium development or planned unit development shall be maintained with respect to such Mortgage Loan and the related development in a manner which is consistent with Fannie Mae or
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Freddie Mac requirements and FHA or VA requirements, as applicable, unless otherwise required by the terms of the related Mortgage Note or applicable law.
Subsection 11.11 Maintenance of Primary Mortgage Insurance Policy; Claims.
With respect to each Mortgage Loan with a LTV in excess of 80%, the Seller shall promptly, without any cost to the Purchaser, maintain or cause the Mortgagor to maintain in full force and effect a Primary Mortgage Insurance Policy issued by a Qualified Insurer insuring the portion over 78% (or such other percentage in conformance with then current Fannie Mae requirements) until terminated pursuant to the Homeowners Protection Act of 1988, 12 USC § 4901, et seq. or any other applicable federal, state or local law or regulation. In the event that such Primary Mortgage Insurance Policy shall be terminated other than as required by law, the Seller shall obtain from another Qualified Insurer a comparable replacement policy, with a total coverage equal to the remaining coverage of such terminated Primary Mortgage Insurance Policy. If the insurer shall cease to be a Qualified Insurer, the Seller shall obtain from another Qualified Insurer a replacement Primary Mortgage Insurance Policy. The Servicer shall not take any action which would result in noncoverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of the Servicer would have been covered thereunder. In connection with any assumption or substitution agreement entered into or to be entered into pursuant to Subsection 11.18, the Seller shall promptly notify the insurer under the related Primary Mortgage Insurance Policy, if any, of such assumption or substitution of liability in accordance with the terms of such Primary Mortgage Insurance Policy and shall take all actions which may be required by such insurer as a condition to the continuation of coverage under such Primary Mortgage Insurance Policy. If such Primary Mortgage Insurance Policy is terminated as a result of such assumption or substitution of liability, the Seller shall obtain a replacement Primary Mortgage Insurance Policy as provided above.
In connection with its activities as interim servicer, the Seller agrees to prepare and present or to assist the Purchaser in preparing and presenting, on behalf of itself and the Purchaser, claims to the insurer under any Primary Mortgage Insurance Policy in a timely fashion in accordance with the terms of such Primary Mortgage Insurance Policy and, in this regard, to take such action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policy respecting a defaulted Mortgage Loan. Pursuant to Subsection 11.04, any amounts collected by the Seller under any Primary Mortgage Insurance Policy shall be deposited in the Custodial Account, subject to withdrawal pursuant to Subsection 11.05.
Subsection 11.12 Fidelity Bond; Errors and Omissions Insurance.
The Seller shall maintain, at its own expense, a blanket Fidelity Bond and an errors and omissions insurance policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans. These policies must insure the Seller against losses resulting from fraud, theft, errors, omissions, negligence, dishonest or fraudulent acts committed by the Seller’s personnel, any employees of outside firms that provide data processing services for the Seller, and temporary contract employees or student interns. The Fidelity Bond shall also protect and insure the Seller against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision
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of this Subsection 11.12 requiring such Fidelity Bond and errors and omissions insurance shall diminish or relieve the Seller from its duties and obligations as set forth in this Agreement. The minimum coverage under any such Fidelity Bond and insurance policy shall be at least equal to the corresponding amounts required by FHA or VA, Fannie Mae in the Fannie Mae Guides or by Freddie Mac in the Freddie Mac Guide, as amended or restated from time to time, as applicable, or in an amount as may be permitted to the Seller by express waiver of FHA or VA and Fannie Mae or Freddie Mac, as applicable. Upon request of the Purchaser, the Seller shall cause to be delivered to the Purchaser a certified true copy of such Fidelity Bond or a certificate evidencing the same with a statement that the Seller shall endeavor to provide written notice to the Purchaser thirty (30) days prior to modification or any material change.
Subsection 11.13 Title, Management and Disposition of REO Property.
Subject to Subsection 11.02, in the event that title to a Mortgaged Property is acquired in foreclosure or by deed in lieu of foreclosure, the deed or certificate of sale shall be taken in the name of the Purchaser or its nominee.
The Seller shall cause to be deposited on a daily basis in the Custodial Account all revenues received with respect to the conservation of the related REO Property. The Seller shall make distributions as required on each Remittance Date to the Purchaser of the net cash flow from the REO Property (which shall equal the revenues from such REO Property net of the expenses described below and of any reserves reasonably required from time to time to be maintained to satisfy anticipated liabilities for such expenses).
The disposition of REO Property shall be carried out by the Seller, subject to Subsection 11.01. The Purchaser shall pay the Seller a fee of 1.5% of the sales price for such REO Property for services associated with managing the REO Property through its disposition. Upon the request of the Purchaser, and at the Purchaser’s expense, the Seller shall cause an appraisal of the REO Property to be performed for the Purchaser.
The Seller shall either itself or through an agent selected by the Seller, manage, conserve, protect and operate the REO Property in the same manner that it manages, conserves, protects and operates other foreclosed property for its own account, and in the same manner that similar property in the same locality as the REO Property is managed. Any disbursement in excess of $15,000 shall be made only with the prior written approval of the Purchaser. The Seller shall deduct the costs of managing, conserving, protecting and operating the REO Property from the proceeds of the sale of the REO Property (providing documentary evidence of such costs).
The Seller shall not accept any sale offer for an REO Property that is more than 10% below the Reconciled Market Value of the REO Property without the prior written consent of the Purchaser.
Subsection 11.14 Servicing Compensation.
As compensation for its interim servicing activities hereunder and subject to Subsection 11.15, the Seller shall be entitled to retain the Servicing Fee from interest payments actually collected on the Mortgage Loans. Additional servicing compensation in the form of assumption fees, late payment charges, fees related to the disposition of REO Property and other ancillary
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income shall be retained by the Seller to the extent not required to be deposited in the Custodial Account. The Seller shall be required to pay all expenses incurred by it in connection with its interim servicing activities hereunder and shall not be entitled to reimbursement therefor except as specifically provided for herein. The Servicing Fee shall not be reduced by the amount of any guarantee fee payable to FHA or VA.
Subsection 11.15 Distributions.
On each Remittance Date the Seller shall remit by wire transfer of immediately available funds to the account designated in writing by the Purchaser of record on the preceding Record Date all amounts credited to the Custodial Account as of such date, net of charges against or withdrawals from the Custodial Account pursuant to Subsection 11.05(c) through (h).
Not later than each Remittance Date, the Seller shall from its own funds deposit in the Custodial Account an amount equal to the aggregate Prepayment Interest Shortfall due to either Partial Prepayment or Full Prepayment, if any, existing in respect of the related Principal Prepayment Period.
With respect to any remittance received by the Purchaser after the Business Day on which such payment was due, the Seller shall pay to the Purchaser interest on any such late payment at an annual rate equal to the “prime” rate of interest as published in the Wall Street Journal, or its successor, as its prime lending rate, adjusted as of the date of each change, plus two percent (2%), but in no event greater than the maximum amount permitted by applicable law. Such interest shall be paid by the Seller to the Purchaser on the date such late payment is made and shall cover the period commencing with the Business Day on which such payment was due and ending with the Business Day immediately preceding the Business Day on which such payment is made, both inclusive. The payment by the Seller of any such interest shall not be deemed an extension of time for payment or a waiver of any Event of Default by the Seller.
Subsection 11.16 Statements to the Purchaser.
Not later than five (5) days prior to each related Remittance Date, the Seller shall forward to the Purchaser a statement in the form specified and with the information required by the monthly reporting format of the Master Servicer, as provided to the Seller by the Purchaser. Such statement shall also include information regarding delinquencies on Mortgage Loans, indicating the number and aggregate principal amount of Mortgage Loans which are either one (1), two (2) or three (3) or more months Delinquent. The Seller shall submit to the Purchaser monthly a liquidation report with respect to each Mortgaged Property sold in a foreclosure sale as of the related Record Date and not previously reported. The Seller shall also provide such information as set forth above to the Purchaser in electronic form in the Seller’s standard format, a copy of which has been provided by the Seller.
In addition, the Seller shall submit to the Purchaser monthly loan-by-loan default information including, without limitation, notes made and retained by the Seller in connection with servicing the defaulted loan, the reasons for the default, updated values of the Mortgaged Property, updated Credit Scores on the Mortgagor and information regarding Servicing Advances made.
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The Seller shall prepare and file any and all tax returns, information statements or other filings required to be delivered to any governmental taxing authority, the Mortgagor or to the Purchaser pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Seller shall provide the Purchaser with such information concerning the Mortgage Loans as is necessary for such Purchaser to prepare federal income tax returns as the Purchaser may reasonably request from time to time.
Subsection 11.17 [Reserved].
Subsection 11.18 Assumption Agreements.
The Seller will use its best efforts to enforce any “due-on-sale” provision contained in any Mortgage or Mortgage Note; provided that, subject to the Purchaser’s prior approval, the Seller shall permit such assumption if so required in accordance with the terms of the Mortgage or the Mortgage Note. When the Mortgaged Property has been conveyed by the Mortgagor prior to payment in full of the Mortgage Loan, the Seller will, to the extent it has knowledge of such conveyance, exercise its rights to accelerate the maturity of such Mortgage Loan under the “due-on-sale” clause applicable thereto; provided, however, the Seller will not exercise such rights if prohibited by law from doing so or if the exercise of such rights would impair or threaten to impair any recovery under the related Primary Mortgage Insurance Policy, if any. In connection with any such assumption, the outstanding principal amount, the Monthly Payment, the Mortgage Interest Rate, the Lifetime Rate Cap (if applicable), the Gross Margin (if applicable), the Initial Rate Cap (if applicable) or the Periodic Rate Cap (if applicable) of the related Mortgage Note shall not be changed, and the term of the Mortgage Loan will not be increased or decreased. If an assumption is allowed pursuant to this Subsection 11.18, the Seller with the prior consent of the issuer of the Primary Mortgage Insurance Policy, if any, is authorized to enter into a substitution of liability agreement with the purchaser of the Mortgaged Property pursuant to which the original Mortgagor is released from liability and the purchaser of the Mortgaged Property is substituted as Mortgagor and becomes liable under the Mortgage Note.
Subsection 11.19 Satisfaction of Mortgages and Release of Mortgage Files.
Upon the payment in full of any Mortgage Loan, or the receipt by the Seller of a notification that payment in full will be escrowed in a manner customary for such purposes, the Seller will obtain the portion of the Mortgage File that is in the possession of the Purchaser or its designee, prepare and process any required satisfaction or release of the Mortgage and notify the Purchaser in accordance with the provisions of this Agreement. The Purchaser agrees to deliver to the Seller (or cause to be delivered to the Seller) the original Mortgage Note for any Mortgage Loan not later than five (5) Business Days following its receipt of a notice from the Seller that such a payment in full has been received or that a notification has been received that such a payment in full shall be made. Such Mortgage Note shall be held by the Seller, in trust, for the purpose of canceling such Mortgage Note and delivering the canceled Mortgage Note to the Mortgagor in a timely manner as and to the extent provided under any applicable federal or state law.
In the event the Seller grants a satisfaction or release of a Mortgage without having obtained payment in full of the indebtedness secured by the Mortgage, the Seller shall remit to
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the Purchaser the Stated Principal Balance of the related Mortgage Loan by deposit thereof in the Custodial Account. The Fidelity Bond shall insure the Seller against any loss it may sustain with respect to any Mortgage Loan not satisfied in accordance with the procedures set forth herein.
Subsection 11.20 Seller Shall Provide Access and Information as Reasonably Required.
The Seller shall provide to the Purchaser, and for any Purchaser insured by FDIC or NAIC, the supervisory agents and examiners of FDIC and OTS or NAIC, access to any documentation regarding the Mortgage Loans which may be required by applicable regulations. Such access shall be afforded without charge, but only upon reasonable request, during normal business hours and at the offices of the Seller.
In addition, the Seller shall furnish upon request by the Purchaser, during the term of this Agreement, such periodic, special or other reports or information, whether or not provided for herein, as shall be necessary, reasonable and appropriate with respect to the purposes of this Agreement and applicable regulations. All such reports or information shall be provided by and in accordance with all reasonable instructions and directions the Purchaser may require. The Seller agrees to execute and deliver all such instruments and take all such action as the Purchaser, from time to time, may reasonably request in order to effectuate the purposes and to carry out the terms of this Agreement.
Subsection 11.21 Inspections.
The Seller shall inspect the Mortgaged Property as often deemed necessary by the Seller to assure itself that the value of the Mortgaged Property is being preserved. In addition, if any Mortgage Loan is more than forty-five (45) days delinquent, the Seller shall inspect the Mortgaged Property and shall conduct subsequent inspections in accordance with Customary Servicing Procedures or as may be required by the primary mortgage guaranty insurer. The Seller shall keep a written report of each such inspection and shall provide a copy of such inspection to the Purchaser upon the request of the Purchaser.
Subsection 11.22 Restoration of Mortgaged Property.
The Seller need not obtain the approval of the Purchaser prior to releasing any Insurance Proceeds or Condemnation Proceeds to the Mortgagor to be applied to the restoration or repair of the Mortgaged Property if such release is in accordance with Customary Servicing Procedures. For claims greater than $15,000, at a minimum, the Seller shall, to the extent permitted by the terms of the related Mortgage Note and applicable law, comply with the following conditions in connection with any such release of Insurance Proceeds or Condemnation Proceeds:
(a) the Seller shall receive satisfactory independent verification of completion of repairs and issuance of any required approvals with respect thereto;
(b) the Seller shall take all steps necessary to preserve the priority of the lien of the Mortgage, including, but not limited to requiring waivers with respect to mechanics’ and materialmen’s liens;
(c) the Seller shall verify that the Mortgage Loan is not in default; and
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(d) pending repairs or restoration, the Seller shall place the Insurance Proceeds or Condemnation Proceeds in the Escrow Account.
If the Purchaser is named as an additional loss payee, the Seller is hereby empowered to endorse any loss draft issued in respect of such a claim in the name of the Purchaser.
Subsection 11.23 Fair Credit Reporting Act.
The Seller, in its capacity as interim servicer for each Mortgage Loan, agrees to fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (e.g., favorable and unfavorable) on its borrower credit files to Equifax, Experian and Trans Union Credit Information Company (three of the credit repositories), on a monthly basis.
Subsection 11.24 Transfer of Servicing to Purchaser.
The Seller shall cause all Servicing Rights and obligations with respect to the Mortgage Loans to be transferred to the Purchaser (or such person as the Purchaser may designate) on the Servicing Transfer Date. The Seller hereby agrees to comply with the Servicing Transfer Instructions attached hereto as Exhibit 4.
Subsection 11.25 Payments Received.
The Seller shall apply all payments received in respect of the Mortgage Loans during the Interim Servicing Period and after the Transfer Date in accordance with the Servicing Transfer Instructions.
SECTION 12. The Seller.
Subsection 12.01 Indemnification; Third Party Claims.
(a) The Seller agrees to indemnify and hold harmless the Purchaser against any and all claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments, and any other costs, fees and expenses that the Purchaser may sustain in any way related to or resulting from (i) any claim, demand, defense or assertion based on or grounded upon or resulting from, or alleging a breach of a representation or warranty set forth in Sections 7.01 or 7.02 of this Agreement, and without regard to any knowledge qualifier included in any such representation or warranty, (ii) a breach by the Seller of any of its duties or obligations under this Agreement or (iii) any material misstatements or omissions contained in any information provided by the Seller pursuant to Section 32 or any failure by the Seller to comply with Section 32. This indemnification obligation shall survive the termination of this Agreement or the termination of any party to this Agreement.
(b) The Seller shall immediately notify the Purchaser if a claim is made by a third party with respect to this Agreement or the Mortgage Loans, and the Seller shall assume (with the written consent of the Purchaser) the defense of any such claim and pay all expenses in connection therewith, including counsel fees. If the Seller has assumed the defense of the Purchaser, the Seller shall provide the Purchaser with a written report of all expenses and
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advances incurred by the Seller pursuant to this Subsection 12.01 and the Purchaser shall promptly reimburse the Seller for all amounts advanced by it pursuant to the preceding sentence except when the claim in any way relates to or results from anything listed in clauses (i), (ii) or (iii) of Subsection 12.01(a) or any other breach by the Seller of this Agreement.
Subsection 12.02 Merger or Consolidation of the Seller.
The Seller will keep in full effect its existence, rights and franchises as a national banking association, and will obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement or any of the Mortgage Loans and to perform its duties under this Agreement.
Any Person into which the Seller may be merged or consolidated, or any entity resulting from any merger, conversion or consolidation to which the Seller shall be a party, or any Person succeeding to substantially all of the business of the Seller shall be the successor of the Seller hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.
Subsection 12.03 Limitation on Liability of the Seller and Others.
The duties and obligations of the Seller in its capacity as the interim servicer of the Mortgage Loans shall be determined solely by the express provisions of this Agreement, the Seller as interim servicer shall not be liable except for the performance of such duties and obligations as are specifically set forth in this Agreement and no implied covenants or obligations shall be read into this Agreement against the Seller as interim servicer. Neither the Seller nor any of the directors, officers, employees or agents of the Seller shall be under any liability to the Purchaser for any action taken or for refraining from the taking of any action in accordance with Customary Servicing Procedures and otherwise in good faith pursuant to this Agreement or for errors in judgment; provided, however, that this provision shall not protect the Seller as interim servicer against any liability resulting from any breach of any representation or warranty made herein, or from any liability specifically imposed on the Seller as interim servicer herein; and, provided further, that this provision shall not protect the Seller as interim servicer against any liability that would otherwise be imposed by reason of the willful misfeasance, bad faith or gross negligence in the performance of duties or by reason of reckless disregard of the obligations or duties hereunder. The Seller and any director, officer, employee or agent of the Seller may rely on any document of any kind which it in good faith reasonably believes to be genuine and to have been adopted or signed by the proper authorities respecting any matters arising hereunder. Subject to the terms of Subsection 12.01, the Seller shall have no obligation to appear with respect to, prosecute or defend any legal action which is not incidental to the Seller’s duty to service the Mortgage Loans in accordance with this Agreement.
SECTION 13. Default.
Subsection 13.01 Events of Default.
In case one or more of the following Events of Default by the Seller shall occur and be continuing:
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(a) any failure by the Seller to remit to the Purchaser any payment required to be made under the terms of this Agreement which continues unremedied for a period of two (2) Business Days;
(b) failure by the Seller to duly observe or perform, in any material respect, any other covenants, obligations or agreements of the Seller as set forth in this Agreement which failure continues unremedied for a period of thirty (30) days after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the Seller by the Purchaser;
(c) a decree or order of a court or agency or supervisory authority having jurisdiction for the appointment of a conservator or receiver or liquidator in any insolvency, bankruptcy, readjustment of debt, marshalling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against the Seller and such decree or order shall have remained in force, undischarged or unstayed for a period of sixty (60) days;
(d) the Seller shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, bankruptcy, readjustment of debt, marshalling of assets and liabilities or similar proceedings of or relating to the Seller or relating to all or substantially all of the Seller’s property;
(e) the Seller shall admit in writing its inability to pay its debts as they become due, file a petition to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily suspend payment of its obligations;
(f) the Seller shall cease to be qualified to do business under the laws of any state in which a Mortgaged Property is located, but only to the extent such qualification is necessary to ensure the enforceability of each Mortgage Loan and to perform the Seller’s obligations under this Agreement;
(g) the Seller shall fail to meet the servicer eligibility qualifications of Fannie Mae or the Seller shall fail to meet the servicer eligibility qualifications of Freddie Mac; or
(h) the Seller shall fail to repurchase a Mortgage Loan within 30 days of the final decision of an Arbitrator that the Seller is obligated to repurchase such Mortgage Loan;
then, and in each and every such case, so long as an Event of Default shall not have been remedied, the Purchaser, by notice in writing to the Seller, may, in addition to whatever rights the Purchaser may have at law or equity to damages, including injunctive relief and specific performance, commence termination of all the rights and obligations of the Seller under this Agreement and with respect to the Mortgage Loans and the proceeds thereof. Upon receipt by the Seller of such written notice from the Purchaser stating that it intends to terminate the Seller as a result of such Event of Default, all authority and power of the Seller under this Agreement, including any compensation due the Seller under this Agreement on and after the effective date of termination, whether with respect to the Mortgage Loans or otherwise, shall pass to and be vested in the successor appointed pursuant to Subsection 14.02. Upon written request from the Purchaser, the Seller shall prepare, execute and deliver to a successor any and all documents and other instruments, place in such successor’s possession all Mortgage Files and do or cause to be done all other acts or things necessary or appropriate to effect the purposes of such notice of
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termination, including, but not limited to, the transfer and endorsement or assignment of the Mortgage Loans and related documents to the successor at the Seller’s sole expense. The Seller agrees to cooperate with the Purchaser and such successor in effecting the termination of the Seller’s responsibilities and rights hereunder, including, without limitation, the transfer to such successor for administration by it of all amounts which shall at the time be credited by the Seller to the Custodial Account or Escrow Account or thereafter received with respect to the Mortgage Loans and, if prior to the Servicing Transfer Date, the payment of all costs relating to the transfer of servicing.
Subsection 13.02 Waiver of Default.
The Purchaser may waive any default by the Seller in the performance of its obligations hereunder and its consequences. Upon any waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto except to the extent expressly so waived.
SECTION 14. Termination.
Subsection 14.01 Termination.
If the Servicing Transfer Date has not occurred, the obligations and responsibilities of the Seller, as interim servicer of the Mortgage Loans, shall terminate upon (a) the distribution to the Purchaser of the final payment or liquidation with respect to the last Mortgage Loan (or advances of same by the Seller) or (b) the disposition of all property acquired upon foreclosure or deed in lieu of foreclosure with respect to the last Mortgage Loan and the remittance of all funds due hereunder. Upon written request from the Purchaser in connection with any such termination, the Seller shall prepare, execute and deliver any and all documents and other instruments, place in the Purchaser’s possession all Mortgage Files, and do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement or assignment of the Mortgage Loans and related documents, or otherwise, at the Purchaser’s sole expense. The Seller agrees to cooperate with the Purchaser and such successor in effecting the termination of the Seller’s responsibilities and rights hereunder as interim servicer, including, without limitation, the transfer to such successor for administration by it of all cash amounts which shall at the time be credited by the Seller to the Custodial Account or Escrow Account or thereafter received with respect to the Mortgage Loans.
Subsection 14.02 Successors to the Seller as Interim Servicer.
Prior to the termination of the Seller’s responsibilities and duties under this Agreement pursuant to Subsections 13.01 or 14.01, the Purchaser shall (a) succeed to and assume all of the Seller’s responsibilities, rights, duties and obligations under this Agreement or (b) appoint a successor which shall succeed to all rights and assume all of the responsibilities, duties and liabilities of the Seller under this Agreement upon such termination. In connection with such appointment and assumption, the Purchaser may make such arrangements for the compensation of such successor out of payments on Mortgage Loans as it and such successor shall agree. In the event that the Seller’s duties, responsibilities and liabilities under this Agreement shall be
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terminated pursuant to the aforementioned Subsections, the Seller shall discharge such duties and responsibilities during the period from the date it acquires knowledge of such termination until the effective date thereof with the same degree of diligence and prudence which it is obligated to exercise under this Agreement, and shall take no action whatsoever that might impair or prejudice the rights or financial condition of its successor. The resignation or removal of the Seller pursuant to the aforementioned Subsections shall not become effective until a successor shall be appointed pursuant to this Subsection and shall in no event relieve the Seller of the representations and warranties made pursuant to Subsections 7.01 and 7.02 and the remedies available to the Purchaser under Subsection 7.03, it being understood and agreed that the provisions of such Subsections 7.01 and 7.02 shall be applicable to the Seller notwithstanding any such resignation or termination of the Seller, or the termination of this Agreement.
Any successor appointed as provided herein shall execute, acknowledge and deliver to the Seller and to the Purchaser an instrument accepting such appointment, whereupon such successor shall become fully vested with all the rights, powers, duties, responsibilities, obligations and liabilities of the Seller as interim servicer, with like effect as if originally named as a party to this Agreement. Any termination or resignation of the Seller or this Agreement pursuant to Subsections 13.01 or 14.01 shall not affect any claims that the Purchaser may have against the Seller based upon facts and circumstances arising prior to any such termination or resignation.
The Seller shall promptly deliver to the successor the funds in the Custodial Account and Escrow Account and all Mortgage Files and related documents and statements held by it hereunder and the Seller shall account for all funds and shall execute and deliver such instruments and do such other things as may reasonably be required to more fully and definitively vest in the successor all such rights, powers, duties, responsibilities, obligations and liabilities of the Seller as servicer of the Mortgage Loans.
Upon a successor’s acceptance of appointment as such, the Seller shall notify by mail the Purchaser of such appointment.
Subsection 14.03 Termination of Interim Servicing by Purchaser.
The Seller shall not be entitled to any compensation related to any termination of its servicing rights and obligations under this Agreement. The Purchaser may terminate this Agreement without cause and transfer interim servicing to a successor interim servicer at any time. Upon written request from the Purchaser in connection with any such termination, the Seller shall prepare, execute and deliver, any and all documents and other instruments, and do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement or assignment of the Mortgage Loans and related documents, or otherwise, and including the delivery to or at the direction of the Purchaser, all contents of the Mortgage Files in the possession of the Seller, at the Purchaser’s sole expense. The Seller agrees to cooperate with the Purchaser and such successor in effecting the termination of the Seller’s responsibilities and rights hereunder as interim servicer, including, without limitation, the transfer to such successor for administration by it of all cash amounts which shall at the time be credited by the Seller to the Custodial Account or Escrow Account or thereafter received with respect to the Mortgage Loans.
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SECTION 15. Notices.
All demands, notices and communications hereunder shall be in writing and shall be deemed to have been duly given if mailed, by registered or certified mail, return receipt requested, or, if by other means, when received by the other party at the address as follows:
(a) if to the Purchaser:
Redwood Residential Acquisition Corporation
One Belvedere Place, Suite 360
Mill Valley, CA 94941
Attention: Loss Mitigation
Phone: (415) 380-3445
Facsimile: (415) 381-1773
with a copy to the General Counsel at the same address
(b) if to the Seller:
Cornerstone Mortgage Company
1177 West Loop South Suite 200
Houston , TX 77027
Attention: Daniel Cooper
or such other address as may hereafter be furnished to the other party by like notice. Any such demand, notice or communication hereunder shall be deemed to have been received on the date delivered to or received at the premises of the ad
dressee (as evidenced, in the case of registered or certified mail, by the date noted on the return receipt).
SECTION 16. Severability Clause.
Any part, provision, representation or warranty of this Agreement which is prohibited or which is held to be void or unenforceable shall be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof. Any part, provision, representation or warranty of this Agreement which is prohibited or unenforceable or is held to be void or unenforceable in any jurisdiction shall be ineffective, as to such jurisdiction, to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction as to any Mortgage Loan shall not invalidate or render unenforceable such provision in any other jurisdiction. To the extent permitted by applicable law, the parties hereto waive any provision of law which prohibits or renders void or unenforceable any provision hereof. If the invalidity of any part, provision, representation or warranty of this Agreement shall deprive any party of the economic benefit intended to be conferred by this Agreement, the parties shall negotiate, in good-faith, to develop a structure the economic effect of which is nearly as possible the same as the economic effect of this Agreement without regard to such invalidity.
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SECTION 17. No Partnership.
Nothing herein contained shall be deemed or construed to create a co-partnership or joint venture between the parties hereto and the services of the Seller shall be rendered as an independent contractor and not as agent for the Purchaser.
SECTION 18. Counterparts.
This Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original, and all such counterparts shall constitute one and the same instrument.
SECTION 19. Governing Law; Choice of Forum; Waiver of Jury Trial.
EXCEPT TO THE EXTENT PREEMPTED BY FEDERAL LAW, THE AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CONFLICTS OF LAWS PROVISIONS OF NEW YORK (OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW) OR ANY OTHER JURISDICTION.
EACH PARTY HERETO KNOWINGLY, INTENTIONALLY AND IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF IN ANY WAY RELATED TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY.
Except as to those matters which this Agreement provides shall be submitted to Arbitration, with respect to any claim or action arising hereunder, the parties (a) irrevocably submit to the nonexclusive jurisdiction of the courts of the State of New York and the United States District Court located in the Borough of Manhattan in The City of New York, New York, and appellate courts from any thereof, and (b) irrevocably waive any objection which such party may have at any time to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement brought in any such court, and irrevocably waive any claim that any such suit action or proceeding brought in any such court has been brought in an inconvenient forum.
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SECTION 20. Intention of the Parties.
It is the intention of the parties that the Purchaser is purchasing, and the Seller is selling, the Mortgage Loans and not a debt instrument of the Seller or another security. Accordingly, the parties hereto each intend to treat the transaction for federal income tax purposes as a sale by the Seller, and a purchase by the Purchaser, of the Mortgage Loans. The Purchaser shall have the right to review the Mortgage Loans and the related Mortgage Files to determine the characteristics of the Mortgage Loans which shall affect the federal income tax consequences of owning the Mortgage Loans and the Seller shall cooperate with all reasonable requests made by the Purchaser in the course of such review.
It is not the intention of the parties that such conveyances be deemed a grant of a security interest in the Mortgage Loans transferred hereunder. However, in the event that, notwithstanding the intent of the parties, such assets are held to be the property of the Seller or if for any other reason this Agreement is held or deemed to create a security interest in either such assets, then (a) this Agreement shall be a security agreement within the meaning of the Uniform Commercial Code of the State of New York and (b) the conveyances provided for in this Agreement shall be deemed to be a grant by the Seller to the Purchaser of, and the Seller hereby grants to the Purchaser a security interest in all of the assets transferred hereunder, whether now owned or hereafter acquired.
SECTION 21. Waivers.
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.
SECTION 22. Exhibits.
The exhibits to this Agreement are hereby incorporated and made a part hereof and are an integral part of this Agreement.
SECTION 23. General Interpretive Principles.
For purposes of this Agreement, except as otherwise expressly provided or unless the context otherwise requires:
(a) the terms defined in this Agreement have the meanings assigned to them in this Agreement and include the plural as well as the singular, and the use of any gender herein shall be deemed to include the other gender;
(b) accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles;
(c) references herein to “Articles,” “Sections,” “Subsections,” “Paragraphs” and other subdivisions without reference to a document are to designated Articles, Sections, Subsections, Paragraphs and other subdivisions of this Agreement;
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(d) the headings of the various articles, sections, subsections and paragraphs of this Agreement and the table of contents are for convenience of reference only and shall not modify, define, expand or limit any of the terms or provisions hereof;
(e) reference to a Subsection without further reference to a Section is a reference to such Subsection as contained in the same Section in which the reference appears, and this rule shall also apply to Paragraphs and other subdivisions;
(f) the words “herein,” “hereof,” “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular provision; and
(g) the term “include” or “including” shall mean without limitation by reason of enumeration.
SECTION 24. Reproduction of Documents.
This Agreement and all documents relating thereto, including, without limitation (a) consents, waivers and modifications which may hereafter be executed, (b) documents received by any party at the closing and (c) financial statements, certificates and other information previously or hereafter furnished, may be reproduced by any photographic, photostatic, microfilm, micro-card, miniature photographic or other similar process. The parties hereto agree that any such reproduction shall be admissible in evidence as the original itself in any judicial or administrative proceeding, whether or not the original is in existence and whether or not such reproduction was made by a party hereto in the regular course of business, and that any enlargement, facsimile or further reproduction of such reproduction shall likewise be admissible in evidence.
SECTION 25. Amendment.
This Agreement may be amended from time to time by the Purchaser and the Seller by written agreement signed by the parties hereto.
SECTION 26. Confidentiality.
The Purchaser and the Seller shall employ proper procedures and standards designed to maintain the confidential nature of the terms of this Agreement, except to the extent (a) the disclosure of which is reasonably believed by such party to be required in connection with regulatory requirements or other legal requirements relating to its affairs; (b) disclosed to any one or more of such party’s employees, officers, directors, agents, attorneys or accountants who would have access to the contents of this Agreement and such data and information in the normal course of the performance of such person’s duties for such party, to the extent such party has procedures in effect to inform such person of the confidential nature thereof; (c) that is disclosed in a prospectus, prospectus supplement or private placement memorandum relating to a Securitization Transaction of the Mortgage Loans by the Purchaser (or an affiliate assignee thereof) or to any person in connection with the resale or proposed resale of all or a portion of the Mortgage Loans by such party in accordance with the terms of this Agreement; and (d) that is
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reasonably believed by such party to be necessary for the enforcement of such party’s rights under this Agreement.
SECTION 27. Entire Agreement.
This Agreement constitutes the entire agreement and understanding relating to the subject matter hereof between the parties hereto and any prior oral or written agreements between them shall be deemed to have merged herewith.
SECTION 28. Further Agreements.
The Seller and the Purchaser each agree to execute and deliver to the other such reasonable and appropriate additional documents, instruments or agreements as may be necessary or appropriate to effectuate the purposes of this Agreement.
SECTION 29. Successors and Assigns.
This Agreement shall bind and inure to the benefit of and be enforceable by the initial Purchaser and the Seller, and the respective successors and assigns of the Purchaser and the Seller. The initial Purchaser and any subsequent purchasers may assign this Agreement to any Person to whom any Mortgage Loan is transferred pursuant to a sale or financing without the consent of the Seller. Upon any such assignment, the Person to whom such assignment is made shall succeed to all rights and obligations of the Purchaser under this Agreement to the extent of the related Mortgage Loan or Mortgage Loans and this Agreement, to the extent of the related Mortgage Loan or Mortgage Loans, shall be deemed to be a separate and distinct agreement between the Seller and such purchaser, and a separate and distinct agreement between the Seller and each other purchaser to the extent of the other related Mortgage Loan or Mortgage Loans. The Seller shall not assign this Agreement or resign from the obligations and duties hereby imposed on it except by mutual consent of the Seller and the Purchaser.
SECTION 30. Non-Solicitation.
From and after the Closing Date, the Seller and any of its affiliates hereby agrees that it will not take any action or permit or cause any action to be taken by any of its agents or affiliates, or by any independent contractors on its behalf, to personally, by telephone or mail, solicit a Mortgagor under any Mortgage Loan for the purpose of refinancing a Mortgage Loan, in whole or in part, without the prior written consent of the Purchaser. It is understood and agreed that all rights and benefits relating to the solicitation of any Mortgagors and the attendant rights, title and interest in and to the list of such Mortgagors and data relating to their Mortgages (including insurance renewal dates) shall be transferred to the Purchaser pursuant hereto on the Closing Date and neither the Seller nor any of its respective affiliates shall take any action to undermine these rights and benefits.
Notwithstanding the foregoing, it is understood and agreed that the Seller or any of its respective affiliates may advertise its availability for handling refinancings of mortgages in its
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portfolio, including the promotion of terms it has available for such refinancings, through the sending of letters or promotional material, so long as it does not specifically target Mortgagors and so long as such promotional material either is sent to the mortgagors for all of the mortgages in the A-quality servicing portfolio of the Seller and any of its affiliates (those it owns as well as those serviced for others) or sent to all of the mortgagors who have specific types of mortgages (such as FHA, VA, conventional fixed-rate or conventional adjustable-rate), or sent to those mortgagors whose mortgages fall within specific interest rate ranges.
Promotions undertaken by the Seller or by any affiliate of the Seller which are directed to the general public at large (including, without limitation, mass mailing based on commercially acquired mailing lists, newspaper, radio and television advertisements), shall not constitute solicitation under this Section 30.
SECTION 31. Protection of Consumer Information.
Each party agrees that it (i) shall comply with any applicable laws and regulations regarding the privacy and security of Consumer Information, (ii) shall not use Consumer Information in any manner inconsistent with any applicable laws and regulations regarding the privacy and security of Consumer Information, (iii) shall not disclose Consumer Information to third parties except at the specific written direction of the Seller, (iv) shall maintain adequate physical, technical and administrative safeguards to protect Consumer Information from unauthorized access and (v) shall immediately notify the Seller of any actual or suspected breach of the confidentiality of Consumer Information.
SECTION 32. Cooperation of the Seller with a Reconstitution; Regulation AB Compliance.
(a) The Seller acknowledges and the Purchaser agrees that with respect to some or all of the Mortgage Loans, the Purchaser may effect either:
(1) one or more Whole Loan Transfers; and
(2) one or more Securitization Transactions.
(b) The Seller shall cooperate with the Purchaser and any prospective purchaser in connection with any Whole Loan Transfer contemplated by the Purchaser pursuant to this Section. In connection therewith, the Purchaser shall deliver any Reconstitution Agreement or other document related to the Whole Loan Transfer to the Seller at least fifteen (15) days prior to such transfer and the Seller shall execute any Reconstitution Agreement that restates the representations and warranties contained in Subsection 7.01 as of the related Closing Date and Subsection 7.02 herein as of the Reconstitution Date. Any prospective assignees of the Purchaser who have entered into a commitment to purchase any of the Mortgage Loans in a Whole Loan Transfer may review the Seller’s servicing and origination operations, upon reasonable prior notice to the Seller, and the Seller shall cooperate with such review and underwriting to the extent such prospective assignees request information or documents that are available and can be produced without unreasonable expense or effort. Subject to any applicable laws, the Seller shall make the Mortgage Files related to the Mortgage Loans held by the Seller
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during the Interim Servicing Period available at the Seller’s principal operations center for review by any such prospective assignees during normal business hours upon reasonable prior notice to the Seller (in no event fewer than five (5) Business Days’ prior notice). The Seller may, in its sole discretion, require that such prospective assignees sign a confidentiality agreement with respect to such information disclosed to the prospective assignee which is not available to the public at large and a release agreement with respect to its activities on the Seller’s premises. The Purchaser hereby agrees to reimburse the Seller for reasonable “out-of-pocket” expenses incurred by the Seller that relate to such Whole Loan Transfer, including without limitation reimbursement for the amount which reasonably reflects time and effort expended by the Seller in connection therewith.
(c) In order to facilitate compliance with Regulation AB promulgated under the Securities Act, the Seller and the Purchaser agree to comply with the provisions of the Regulation AB Compliance Addendum attached hereto as Addendum I.
(d) The Seller shall cooperate with the Purchaser in connection with any Securitization Transaction contemplated by the Purchaser pursuant to this Section. In connection therewith, the Purchaser shall deliver any Reconstitution Agreement or other document related to the Securitization Transaction to the Seller at least fifteen (15) days prior to the closing of such Securitization Transaction and the Seller shall execute any Reconstitution Agreement that restates the representations and warranties contained in Subsection 7.01 as of the related Closing Date and Subsection 7.02 herein as of the Reconstitution Date. The Reconstitution Agreement shall include such other terms as may be reasonably necessary to effect the Securitization Transaction. In connection with any Securitization Transaction, the Seller shall not, and shall cause its affiliates not to, as part of the original offering thereof, purchase any of the securities offered in such Securitization Transaction.
(e) In connection with each Securitization Transaction, the Seller shall deliver to the Purchaser and to any Person designated by the Purchaser, (i) such statements and audit letters of certified public accountants pertaining to information provided by the Seller as are customarily delivered by originators such as the Seller in connection with securitization transactions and (ii) opinions of counsel as are customarily delivered by originators and reasonably determined by the Purchaser to be necessary in connection any Securitization Transaction.
(f) Prior to the Servicing Transfer Date, all Mortgage Loans not sold or transferred pursuant to a Whole Loan Transfer or Securitization Transaction shall be subject to this Agreement and shall continue to be serviced in accordance with the terms of this Agreement and with respect thereto this Agreement shall remain in full force and effect. It is understood and agreed by the Purchaser and the Seller that the right to effectuate such Whole Loan Transfer or Securitization Transaction as contemplated by this Section 32 is limited to the Purchaser.
[SIGNATURES ON FOLLOWING PAGE]
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IN WITNESS WHEREOF, the parties have caused their names to be signed hereto by their respective officers thereunto duly authorized on the date first above written.
REDWOOD RESIDENTIAL ACQUISITION CORPORATION, | ||
as Purchaser | ||
By: | /s/ John Isbrandtsen | |
Name: | John Isbrandtsen | |
Title: | Authorized Officer |
CORNERSTONE MORTGAGE COMPANY, | ||
as Seller | ||
By: | /s/ Daniel E. Cooper | |
Name: | Daniel E. Cooper | |
Title: | Senior Vice President |
[Flow Mortgage Loan Purchase and Sale Agreement, dated September 1, 2011]
EXHIBIT 1
MORTGAGE LOAN DOCUMENTS
With respect to each Mortgage Loan, the Mortgage Loan Documents shall consist of the following:
(a) the original Mortgage Note bearing all intervening endorsements, endorsed in blank and signed in the name of the Seller by an officer thereof;
(b) the original Assignment of Mortgage with assignee’s name left blank;
(c) the original of any guarantee executed in connection with the Mortgage Note;
(d) the original Mortgage with evidence of recording thereon, or if any such mortgage has not been returned from the applicable recording office or has been lost, or if such public recording office retains the original recorded mortgage, a photocopy of such mortgage certified by the Seller to be a true and complete copy of the original recorded mortgage;
(e) the originals of all assumption, modification, consolidation or extension agreements, if any, with evidence of recording thereon;
(f) the originals of all intervening assignments of mortgage with evidence of recording thereon, or if any such intervening assignment of mortgage has not been returned from the applicable recording office or has been lost or if such public recording office retains the original recorded assignments of mortgage, a photocopy of such intervening assignment of mortgage, certified by the Seller to be a true and complete copy of the original recorded intervening assignment of mortgage;
(g) the original mortgagee title insurance policy including an Environmental Protection Agency Endorsement and, with respect to any Adjustable Rate Mortgage Loan, an adjustable-rate endorsement;
(h) the original of any security agreement, chattel mortgage or equivalent document executed in connection with the Mortgage; and
(i) a copy of any applicable power of attorney.
With respect to each Mortgage Loan that is secured by a first lien on and a perfected security interest in Co-op Shares and the related Proprietary Lease (as such terms are defined below) granting exclusive rights to occupy the related co-op unit in the building owned by the related co-op corporation, in lieu of delivering the documents listed above the Seller shall deliver the following documents to the Purchaser or its designee:
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(i) the original Mortgage Note together with any applicable riders, endorsed in blank, with all prior and intervening endorsements as may be necessary to show a complete chain of endorsements;
(ii) the original security agreement;
(iii) the original lease on a co-op unit evidencing the possessory interest of the owner of the Co-op Shares in such co-op unit (the “Proprietary Lease”) and an original assignment of the Proprietary Lease in blank;
(iv) the original recognition agreement;
(v) the original stock certificate representing the shares of stock issued by a co-op corporation and allocated to a co-op unit (the “Co-op Shares”) and original stock power in blank;
(vi) the original UCC-1 financing statement with evidence of filing; and
(vii) the original UCC-3 assignment in blank.
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EXHIBIT 2
CONTENTS OF EACH MORTGAGE FILE
With respect to each Mortgage Loan, the Mortgage File shall include each of the following items, unless otherwise disclosed to the Purchaser on the data tape, which shall be delivered to the Purchaser, with a copy retained by the Seller as necessary:
(a) The Mortgage Loan Documents as listed in Exhibit 1.
(b) Residential loan application.
(c) Mortgage Loan closing statement.
(d) Verification of employment and income, including the executed 4506T if required.
(e) Verification of acceptable evidence of source and amount of down payment.
(f) Credit report on Mortgagor, in a form acceptable to either Fannie Mae or Freddie Mac.
(g) Residential appraisal report.
(h) Photograph of the Mortgaged Property.
(i) Survey of the Mortgaged Property, unless a survey is not required by the title insurer.
(j) Copy of each instrument necessary to complete identification of any exception set forth in the exception schedule in the title policy, i.e., map or plat, restrictions, easements, home owner association declarations, etc.
(k) Copies of all required disclosure statements.
(l) If applicable, termite report, structural engineer’s report, water potability and septic certification.
(m) Sales contract, if applicable.
(n) The Primary Mortgage Insurance policy or certificate of insurance or electronic notation of the existence of such policy, where required pursuant to the Agreement.
(o) Evidence of electronic notation of the hazard insurance policy, and, if required by law, evidence of the flood insurance policy.
(p) Any documentation provided by the Mortgagor or obtained by the Seller in connection with the granting of any underwriting exception.
(q) All other documentation involved in the underwriting or origination of the related Mortgage Loan.
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EXHIBIT 3
FORM OF Purchase Price and Terms Letter
CLOSING DATE: ______________
This Purchase Price and Terms Letter (this “PPTL”), dated as of _______ (the “Closing Date”), provides for the sale by Cornerstone Mortgage Company (the “Seller”) to Redwood Residential Acquisition Corporation (the “Purchaser”), and the purchase by the Purchaser from the Seller, of the first lien residential mortgage loans described on the Mortgage Loan Schedule attached as Schedule I hereto (the “Mortgage Loans”), on a servicing released basis, pursuant to the terms of the Flow Mortgage Loan Purchase and Sale Agreement (the “Flow Purchase and Sale Agreement”), dated as of September 1, 2011, by and between the Purchaser and the Seller. Capitalized terms that are used herein but are not defined herein shall have the respective meanings set forth in the Flow Purchase and Sale Agreement.
For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Seller does hereby, sell, convey, assign and transfer to Purchaser without recourse, except as provided in the Flow Purchase and Sale Agreement, and on a servicing released basis, all right, title and interest of the Seller in and to each of the Mortgage Loans, including all payments of principal and interest received on the Mortgage Loans after the Cut-off Date, all other unscheduled collections collected in respect of the Mortgage Loans after the Cut-off Date, all proceeds of the foregoing and all documents maintained as part of the related Mortgage Files, subject, however, to the rights of the Seller under the Flow Purchase and Sale Agreement.
The Seller has delivered to the Purchaser or its designee prior to the date hereof the documents with respect to each Mortgage Loan required to be delivered under the Flow Purchase and Sale Agreement.
For purposes of the Mortgage Loans sold pursuant to this PPTL, certain terms shall be as set forth below:
Servicer: | ________________________ |
Stated Principal Balance: | $_______________________ |
Closing Date: | _______________________ |
Servicing Transfer Date: | _______________________ |
Cut-off Date: | _______________________ |
Purchase Price Percentage: | ________% |
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In WITNESS WHEREOF, the parties hereto, by the hands of their duly authorized officers, execute this PPTL as of the Closing Date referred to above.
REDWOOD RESIDENTIAL ACQUISITION CORPORATION as Purchaser |
CORNERSTONE MORTGAGE COMPANY as Seller | |||
By: | By: | |||
Name: | Name: | |||
Its: | Its: |
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EXHIBIT 4
TRANSFER INSTRUCTIONS
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ADDENDUM I
REGULATION AB COMPLIANCE ADDENDUM
TO FLOW PURCHASE AND SALE AGREEMENT
SECTION 1. DEFINED TERMS
Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Agreement. The following terms shall have the meanings set forth below, unless the context clearly indicates otherwise:
Commission: The United States Securities and Exchange Commission.
Company Information: As defined in Section 2.04(a).
Depositor: The depositor, as such term is defined in Regulation AB, with respect to any Securitization Transaction.
Exchange Act: The Securities Exchange Act of 1934, as amended.
Master Servicer: With respect to any Securitization Transaction, the “master servicer,” if any, identified in the related transaction documents.
Qualified Correspondent: Any Person from which the Company purchased Mortgage Loans, provided that this term shall not include the Purchaser or an affiliate of the Purchaser and provided further that the following conditions are satisfied: (i) such Mortgage Loans were originated pursuant to an agreement between the Company and such Person that contemplated that such Person would underwrite mortgage loans from time to time, for sale to the Company, in accordance with underwriting guidelines designated by the Company (“Designated Guidelines”) or guidelines that do not vary materially from such Designated Guidelines; (ii) such Mortgage Loans were in fact underwritten as described in clause (i) above and were acquired by the Company within 180 days after origination; (iii) either (x) the Designated Guidelines were, at the time such Mortgage Loans were originated, used by the Company in origination of mortgage loans of the same type as the Mortgage Loans for the Company’s own account or (y) the Designated Guidelines were, at the time such Mortgage Loans were underwritten, designated by the Company on a consistent basis for use by lenders in originating mortgage loans to be purchased by the Company; and (iv) the Company employed, at the time such Mortgage Loans were acquired by the Company, pre-purchase or post-purchase quality assurance procedures (which may involve, among other things, review of a sample of mortgage loans purchased during a particular time period or through particular channels) designed to ensure that Persons from which it purchased mortgage loans properly applied the underwriting criteria designated by the Company.
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Reconstitution Agreement: The agreement or agreements entered into by the Company and the Purchaser and/or certain third parties on the Reconstitution Date or Dates with respect to any or all of the Mortgage Loans, in connection with a Whole Loan Transfer or Securitization Transaction.
Regulation AB: Subpart 229.1100 — Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1123, as such may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Commission in the adopting release (Asset-Backed Securities, Securities Act Release No. 33-8518, 70 Fed. Reg. 1,505, 1,531 (Jan. 7, 2005)) or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time.
Securities Act: The Securities Act of 1933, as amended.
Securitization Transaction: Any transaction involving either (1) a sale or other transfer of some or all of the Mortgage Loans directly or indirectly by the Purchaser to an issuing entity in connection with an issuance of publicly offered or privately placed, rated or unrated mortgage-backed securities or (2) an issuance of publicly offered or privately placed, rated or unrated securities, the payments on which are determined primarily by reference to one or more portfolios of residential mortgage loans consisting, in whole or in part, of some or all of the Mortgage Loans.
Servicer: As defined in Section 2.03(c).
Servicing Criteria: The “servicing criteria” set forth in Item 1122(d) of Regulation AB for which the Company is responsible in its capacity as Servicer as identified on Exhibit B hereto, provided that such Exhibit B may be amended from time to time to reflect changes in Regulation AB.
Sponsor: With respect to any Securitization Transaction, the Person identified in writing to the Company by the Purchaser as sponsor for such Securitization Transaction.
Static Pool Information: Static pool information as described in Item 1l05(a)(l)-(3) and 1105(c) of Regulation AB.
Third-Party Originator: Each Person, other than a Qualified Correspondent, that originated Mortgage Loans acquired by the Company, provided that this term shall not include originators of Mortgage Loans acquired by the Company from the Purchaser or an affiliate of the Purchaser.
Whole Loan Transfer: Any sale or transfer of some or all of the Mortgage Loans (including an Agency Transfer), other than a Securitization Transaction.
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SECTION 2. COMPLIANCE WITH REGULATION AB
Subsection 2.01 Intent of the Parties; Reasonableness.
The Purchaser and the Company acknowledge and agree that the purpose of this Regulation AB Addendum is to facilitate compliance by the Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission and that the provisions of this Regulation AB Addendum shall be applicable to all Mortgage Loans included in a Securitization Transaction closing on or after January 1, 2006, regardless whether the Mortgage Loans were purchased by the Purchaser from the Company prior to the date hereof. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Company acknowledges that investors in privately offered securities may require that the Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Regulation AB Addendum to compliance with Regulation AB include provision of comparable disclosure in private offerings. The Purchaser and the Company also acknowledge and agree that amendments to Regulation AB may become effective during the term of this Agreement and that both parties will use commercially reasonable efforts to comply with such amendments.
Neither the Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Company shall cooperate fully with the Purchaser and any Master Servicer to deliver to the Purchaser (including any of its assignees or designees) and one of any Master Servicer or any Depositor (as requested), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Purchaser or any Depositor to permit the Purchaser, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Company, any Third-Party Originator and the Mortgage Loans reasonably believed by the Purchaser, the Master Servicer or any Depositor to be necessary in order to effect such compliance.
For purposes of this Regulation AB Addendum, the term “Purchaser” shall refer to Redwood Residential Acquisition Corporation and its successors in interest and
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assigns. In addition, any notice or request that must be “in writing” or “written” may be made by electronic mail.
Subsection 2.02 Additional Representations and Warranties of the Company.
(a) The Company shall be deemed to represent to the Purchaser, to any Master Servicer and to any Depositor, as of the date on which information is first provided to the Purchaser, any Master Servicer or any Depositor under Section 2.03 that, except as disclosed in writing to the Purchaser, such Master Servicer or such Depositor prior to such date: (i) there are no material legal or governmental proceedings pending (or known to be contemplated) against the Company or any Third-Party Originator; and (ii) there are no affiliations, relationships or transactions relating to the Company or any Third-Party Originator with respect to any Securitization Transaction and any party thereto identified in writing to the Company by the related Depositor of a type described in Item 1119 of Regulation AB.
(b) If so requested in writing by the Purchaser, any Master Servicer or any Depositor on any date following the date on which information is first provided to the Purchaser, any Master Servicer or any Depositor under Section 2.03, the Company shall use its best efforts to confirm in writing within five (5) Business Days, but in no event later than ten (10) Business Days, following such request the accuracy of the representations and warranties set forth in paragraph (a) of this Section or, if any such representation and warranty is not accurate as of the date of such request, provide within five (5) Business Days, but in no event later than ten (10) Business Days, reasonably adequate disclosure of the pertinent facts, in writing, to the requesting party.
Subsection 2.03 Information to Be Provided by the Company.
In connection with any Securitization Transaction, the Company shall use its best efforts to (i) within five (5) Business Days, but in no event later than ten (10) Business Days, following written request by the Purchaser or any Depositor, provide to the Purchaser and such Depositor (or, as applicable, cause each Third-Party Originator to provide), in writing and in form and substance reasonably satisfactory to the Purchaser and such Depositor, the information and materials specified in paragraphs (a), (b), (c) and (f) of this Section, and (ii) as promptly as practicable following notice to or discovery by the Company, provide to the Purchaser and any Depositor (in writing and in form and substance reasonably satisfactory to the Purchaser and such Depositor) the information specified in paragraph (d) of this Section.
(a) If so requested in writing by the Purchaser or any Depositor, the Company shall provide such information regarding (i) the Company, as originator of the Mortgage Loans (including as an acquirer of Mortgage Loans from a Qualified Correspondent), or (ii) each Third-Party Originator, as is requested for the purpose
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of compliance with Items 1103(a)(l), 1105, 1110, 1117 and 1119 of Regulation AB. Such information shall include, at a minimum:
(A) the originator’s form of organization;
(B) a description of the originator’s origination program and how long the originator has been engaged in originating residential mortgage loans, which description shall include a discussion of the originator’s experience in originating mortgage loans of a similar type as the Mortgage Loans; information regarding the size and composition of the originator’s origination portfolio; and information that may be material, in the good faith judgment of the Purchaser or any Depositor, to an analysis of the performance of the Mortgage Loans, including the originators’ credit-granting or underwriting criteria for mortgage loans of similar type(s) as the Mortgage Loans and such other information as the Purchaser or any Depositor may reasonably request for the purpose of compliance with Item 1110(b)(2) of Regulation AB;
(C) a description of any legal or governmental proceedings pending (or known to be contemplated) against the Company and each Third-Party Originator that would be material to securityholders; and
(D) a description of any affiliation or relationship between the Company, each Third-Party Originator and any of the following parties to a Securitization Transaction, as such parties are identified to the Company by the Purchaser or any Depositor in writing in advance of such Securitization Transaction:
(1) the sponsor;
(2) the depositor;
(3) the issuing entity;
(4) any servicer;
(5) any trustee;
(6) any originator;
(7) any significant obligor;
(8) any enhancement or support provider; and
(9) any other material transaction party.
(b) If so requested in writing by the Purchaser or any Depositor, the Company shall provide (or, as applicable, cause each Third-Party Originator to provide) Static Pool Information solely with respect to securitized pools of mortgage loans (of a similar type as the Mortgage Loans, as reasonably identified by the Purchaser as provided below) that were included in securitizations that closed during the five (5) years preceding the closing date of the related Securitization Transaction. Such Static Pool Information shall be prepared by the Company (or Third-Party Originator) on the basis of its reasonable, good faith interpretation of the requirements of Item 1105(a)(3) of Regulation AB. To the extent that there is reasonably available to the Company (or Third-Party Originator) Static Pool Information with respect to more than one mortgage loan type, the Purchaser or any Depositor shall be entitled to specify whether some or all of such information shall be provided pursuant to this paragraph. The content of such Static Pool
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Information may be in the form customarily provided by the Company, and need not be customized for the Purchaser or any Depositor. Such Static Pool Information for each prior securitized pool shall be presented in increments no less frequently than quarterly over the life of the mortgage loans included in such prior securitized pool. The most recent periodic increment must be as of a date no later than 135 days prior to the date of the prospectus or other offering document in which the Static Pool Information is to be included or incorporated by reference. The Static Pool Information shall be provided in an electronic format that provides a permanent record of the information provided, such as a portable document format (pdf) file, or other such electronic format reasonably required by the Purchaser or the Depositor, as applicable.
Promptly following notice or discovery of a material error in Static Pool Information provided pursuant to the immediately preceding paragraph (including an omission to include therein information required to be provided pursuant to such paragraph) during the applicable offering period for the securities, the Company shall provide corrected Static Pool Information to the Purchaser or any Depositor, as applicable, in the same format in which Static Pool Information was previously provided to such party by the Company.
If so requested in writing by the Purchaser or any Depositor, the Company shall provide (or, as applicable, cause each Third-Party Originator to provide), at the expense of the requesting party (to the extent of any additional incremental expense associated with delivery pursuant to this Regulation AB Addendum), such statements and agreed-upon procedures letters of certified public accountants reasonably acceptable to the Purchaser or Depositor, as applicable, pertaining to Static Pool Information relating to securitizations closed on or after January 1, 2006, as the Purchaser or such Depositor shall reasonably request. Such statements and letters shall be addressed to and be for the benefit of such parties as the Purchaser or such Depositor shall designate, which may include, by way of example, any Sponsor, any Depositor and any broker dealer acting as underwriter, placement agent or initial purchaser with respect to a Securitization Transaction. Any such statement or letter may take the form of a standard, generally applicable document accompanied by a reliance letter authorizing reliance by the addressees designated by the Purchaser or such Depositor.
(c) For the purpose of satisfying its reporting obligation under the Exchange Act with respect to any class of asset-backed securities, for so long as the Depositor is required to file reports under the Exchange Act with respect to a Securitization Transaction, the Company shall (or shall cause each Third-Party Originator to) (i) provide prompt notice to the Purchaser, any Master Servicer and any Depositor in writing of (A) any litigation or governmental proceedings pending against the Company or any Third-Party Originator that would be material to securityholders and (B) any affiliations or relationships that develop following the closing date of a Securitization Transaction between the Company or any Third-Party Originator and any of the parties specified in clause (D) of paragraph (a) of this Section (and any other parties identified in writing by the requesting party) with respect to such
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Securitization Transaction, but only to the extent that such affiliations or relationships do not include the Purchaser, Depositor or any of their respective affiliates as a party, (C) any Event of Default of which it is aware or has received notice under the terms of the Agreement or any Reconstitution Agreement and (D) any merger or consolidation where the Company is not the surviving entity or sale of substantially all of the assets of the Company and (ii) provide to the Purchaser and any Depositor a description of such proceedings, affiliations or relationships.
Subsection 2.04 Indemnification; Remedies.
The Company shall indemnify the Purchaser, each affiliate of the Purchaser, and each of the following parties participating in a Securitization Transaction: each Sponsor; each issuing entity; each Person (including, but not limited to, any Master Servicer if applicable) responsible for the preparation, execution or filing of any report required to be filed with the Commission with respect to such Securitization Transaction, or for execution of a certification pursuant to Rule 13a-14(d) or Rule 15d-14(d) under the Exchange Act with respect to such Securitization Transaction; each broker dealer acting as underwriter, placement agent or initial purchaser, each Person who controls any of such parties or the Depositor (within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act); and the respective present and former directors, officers, employees, agents and affiliates of each of the foregoing and of the Depositor (each, an “Indemnified Party”), and shall hold each of them harmless from and against any claims, losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that any of them may sustain arising out of or based upon:
(a) (A) any untrue statement of a material fact contained or alleged to be contained in any information, report, certification, accountants’ letter or other material provided in written or electronic format under this Article II by or on behalf of the Company, or provided under this Article II by or on behalf of any Third-Party Originator (collectively, the “Company Information”), or (B) the omission or alleged omission to state in the Company Information a material fact required to be stated in the Company Information or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided, by way of clarification, that clause (B) of this paragraph shall be construed solely by reference to the Company Information and not to any other information communicated in connection with a sale or purchase of securities, without regard to whether the Company Information or any portion thereof is presented together with or separately from such other information;
(b) any breach by the Company of its obligations under this Article II, including particularly any failure by the Company or any Third-Party Originator to deliver any information, report, certification, accountants’ letter or other material when and as required under this Article II;
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(c) any breach by the Company of a representation or warranty set forth in Section 2.02(a) or in a writing furnished pursuant to Section 2.02(b) and made as of a date prior to the closing date of the related Securitization Transaction, to the extent that such breach is not cured by such closing date, or any breach by the Company of a representation or warranty in a writing furnished pursuant to Section 2.02(b) to the extent made as of a date subsequent to such closing date, or
(d) the negligence, bad faith or willful misconduct of the Company in connection with its performance under this Article II.
If the indemnification provided for herein is unavailable or insufficient to hold harmless an Indemnified Party, then the Company agrees that it shall contribute to the amount paid or payable by such Indemnified Party as a result of any claims, losses, damages or liabilities incurred by such Indemnified Party in such proportion as is appropriate to reflect the relative fault of such Indemnified Party on the one hand and the Company on the other.
In the case of any failure of performance described in clause (a)(ii) of this Section, the Company shall promptly reimburse the Purchaser, any Depositor, as applicable, and each Person responsible for the preparation, execution or filing of any report required to be filed with the Commission with respect to such Securitization Transaction, or for execution of a certification pursuant to Rule 13a-14(d) or Rule 15d-14(d) under the Exchange Act with respect to such Securitization Transaction, for all costs reasonably incurred by each such party in order to obtain the information, report, certification, accountants’ letter or other material not delivered as required by the Company or any Third-Party Originator.
(e) This indemnification shall survive the termination of the Agreement or the termination of any party to the Agreement.
Subsection 2.05 Third-party Beneficiary.
For purposes of this Regulation AB Addendum and any related provisions thereto, each Master Servicer shall be considered a third-party beneficiary of the Agreement, entitled to all the rights and benefits hereof as if it were a direct party to the Agreement.
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EXHIBIT 10.15
EXECUTION COPY
ASSIGNMENT OF REPRESENTATIONS AND WARRANTIES AGREEMENT
This is an Assignment of Representations and Warranties Agreement (the “Agreement”) made as of the 30th day of October, 2012, among Redwood Residential Acquisition Corporation, a Delaware corporation (“Assignor”), Sequoia Residential Funding, Inc., a Delaware corporation (“Depositor”), Christiana Trust, a division of Wilmington Savings Fund Society, FSB, a federal savings bank, not in its individual capacity but solely as trustee (in such capacity, the “Trustee” or the “Assignee”) under a Pooling and Servicing Agreement dated as of October 1, 2012 (the “Pooling and Servicing Agreement”), and Cornerstone Mortgage Company, a Texas corporation (“Cornerstone”).
In consideration of the mutual promises contained herein, the parties hereto agree that the mortgage loans (the “Mortgage Loans”) listed on Attachment 1 annexed hereto (the “Mortgage Loan Schedule”) are subject to the terms of the Flow Mortgage Loan Purchase and Sale Agreement dated as of September 1, 2011, between Assignor and Cornerstone (the “Purchase Agreement”) as modified or supplemented by this Agreement. Unless otherwise specified herein, capitalized terms used herein but not defined shall have the meanings ascribed to them in the Purchase Agreement. Assignor will sell the Mortgage Loans to Depositor pursuant to a Mortgage Loan Purchase and Sale Agreement dated the date hereof, and Depositor will sell the Mortgage Loans to Assignee pursuant to the Pooling and Servicing Agreement.
Assignment
1. Assignor hereby grants, transfers and assigns to Depositor all of its right, title and interest in, to and under the representations and warranties made by Cornerstone pursuant to the Purchase Agreement to the extent relating to the Mortgage Loans, and Depositor hereby accepts such assignment from Assignor.
2. Depositor hereby grants, transfers and assigns to Assignee all of its right, title and interest in, to and under the representations and warranties made by Cornerstone pursuant to the Purchase Agreement to the extent relating to the Mortgage Loans, Depositor is released from all obligations under the Purchase Agreement, and Assignee hereby accepts such assignment from Depositor.
3. Cornerstone hereby acknowledges the foregoing assignments.
Representations and Warranties
4. Assignor warrants and represents to, and covenants with, Depositor, Assignee and Cornerstone as of the date hereof that:
(a) Attached hereto as Attachment 2 is a true and accurate copy of the Purchase Agreement, which agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder;
(b) Assignor is the lawful owner of its interests and rights under the Purchase Agreement to the extent of the Mortgage Loans, free and clear from any and all claims and encumbrances whatsoever, and upon the transfer of the representations and warranties to Assignee as contemplated herein, Assignee shall have good title to such representations and warranties under the Purchase Agreement to the extent of the Mortgage Loans, free and clear of all liens, claims and encumbrances;
(c) There are no offsets, counterclaims or other defenses available to Cornerstone with respect to the Purchase Agreement;
(d) Assignor is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has all requisite power and authority to enter into and perform its obligations under the Purchase Agreement;
(e) Assignor has full corporate power and authority to execute, deliver and perform its obligations under this Agreement, and to consummate the transactions set forth herein. The consummation of the transactions contemplated by this Agreement is in the ordinary course of Assignor’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of Assignor’s charter or by-laws or any legal restriction, or any material agreement or instrument to which Assignor is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which Assignor or its property is subject. The execution, delivery and performance by Assignor of this Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on the part of Assignor. This Agreement has been duly executed and delivered by Assignor and, upon the due authorization, execution and delivery by Assignee, will constitute the valid and legally binding obligation of Assignor enforceable against Assignor in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law; and
(f) No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by Assignor in connection with the execution, delivery or performance by Assignor of this Agreement, or the consummation by it of the transactions contemplated hereby.
5. Depositor warrants and represents to, and covenants with, Assignor, Assignee and Cornerstone that as of the date hereof:
(a) Depositor is a Delaware corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation;
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(b) Depositor has full corporate power and authority to execute, deliver and perform its obligations under this Agreement, and to consummate the transactions set forth herein. The consummation of the transactions contemplated by this Agreement is in the ordinary course of Depositor’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of Depositor’s charter or by-laws or any legal restriction, or any material agreement or instrument to which Depositor is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which Depositor or its property is subject. The execution, delivery and performance by Depositor of this Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on part of Depositor. This Agreement has been duly executed and delivered by Depositor and, upon the due authorization, execution and delivery by the other parties hereto, will constitute the valid and legally binding obligation of Depositor enforceable against Depositor in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law; and
(c) No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by Depositor in connection with the execution, delivery or performance by Depositor of this Agreement, or the consummation by it of the transactions contemplated hereby other than any that have been obtained or made.
6. Assignee warrants and represents to, and covenants with, Assignor, Depositor and Cornerstone that as of the date hereof:
(a) Assignee is a federal savings bank duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization; and
(b) Assignee has been directed to enter into this Agreement pursuant to the provisions of the Pooling and Servicing Agreement. The execution, delivery and performance by Assignee of this Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary action on part of Assignee. This Agreement has been duly executed and delivered by Assignee and, upon the due authorization, execution and delivery by the other parties hereto, will constitute the valid and legally binding obligation of Assignee enforceable against Assignee in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law.
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7. Cornerstone warrants and represents to, and covenants with, Assignor, Depositor and Assignee as of the date hereof that:
(a) Attached hereto as Attachment 2 is a true and accurate copy of the Purchase Agreement, which agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder;
(b) Cornerstone is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has all requisite power and authority to perform its obligations under the Purchase Agreement;
(c) Cornerstone has full corporate power and authority to execute, deliver and perform its obligations under this Agreement, and to consummate the transactions set forth herein. The consummation of the transactions contemplated by this Agreement is in the ordinary course of Cornerstone’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of Cornerstone’s charter or by-laws or any legal restriction, or any material agreement or instrument to which Cornerstone is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which Cornerstone or its property is subject. The execution, delivery and performance by Cornerstone of this Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on part of Cornerstone. This Agreement has been duly executed and delivered by Cornerstone and, upon the due authorization, execution and delivery by Assignor, Assignee and the Depositor, will constitute the valid and legally binding obligation of Cornerstone enforceable against Cornerstone in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law; and
(d) No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by Cornerstone in connection with the execution, delivery or performance by Cornerstone of this Agreement, or the consummation by it of the transactions contemplated hereby.
Restated Cornerstone Representations and Warranties
8. Pursuant to Section 32(d) of the Purchase Agreement, Cornerstone hereby restates to Depositor and Assignee (a) the representations and warranties set forth in Subsection 7.01 of the Purchase Agreement as of the related Closing Date and (b) the representations and warranties set forth in Subsection 7.02 of the Purchase Agreement as of the date hereof, as if such representations and warranties were set forth herein in full.
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In the event of a breach of any representations and warranties referred to in clauses (a) or (b) above as of the related Closing Date or the date hereof, as the case may be, Assignee shall be entitled to all the remedies under the Purchase Agreement, including, without limitation, the right to compel Cornerstone to repurchase Mortgage Loans pursuant to Section 7.03 of the Purchase Agreement, subject to the provisions of Section 10.
Recognition of Assignee
9. From and after the date hereof, subject to Section 10 below, Cornerstone shall recognize Assignee as owner of the Mortgage Loans and will perform its obligations hereunder for the benefit of the Assignee in accordance with the Purchase Agreement, as modified hereby or as may be amended from time to time, as if Assignee and Cornerstone had entered into a separate purchase agreement for the purchase of the Mortgage Loans in the form of the Purchase Agreement, the terms of which are incorporated herein by reference, as amended by this Agreement.
Enforcement of Rights
10. (a) Controlling Holder Rights. Cornerstone agrees and acknowledges that Sequoia Mortgage Funding Corporation, an Affiliate of the Depositor, in its capacity as the initial Controlling Holder pursuant to the Pooling and Servicing Agreement, and for so long as it is the Controlling Holder, will exercise all of Assignee's rights as Purchaser under the following section of the Purchase Agreement:
Purchase Agreement:
Section or Subsection | Matter | |
7.03, other than 7.03(c) |
Repurchase and Substitution |
(b) If there is no Controlling Holder under the Pooling and Servicing Agreement, then all rights that are to be exercised by the Controlling Holder pursuant to Section 10(a) shall be exercised by Assignee.
Amendments to Purchase Agreement
11. The parties agree that the Purchase Agreement shall be amended, solely with respect to the Mortgage Loans, as follows:
(a) Definitions.
(i) The definitions of “Business Day” and “Repurchase Price” set forth in Section 1 of the Purchase Agreement shall be deleted and replaced in their entirety as follows:
5 |
Business Day: Any day other than (i) a Saturday or a Sunday, (ii) a legal holiday in the states of California, Delaware, Maryland, Minnesota, Missouri or New York, (iii) a day on which banks in the states of California, Delaware, Maryland, Minnesota, Missouri or New York, are authorized or obligated by law or executive order to be closed or (iv) a day on which the New York Stock Exchange or the Federal Reserve Bank of New York is closed.
Repurchase Price: With respect to any Mortgage Loan, a price equal to (i) the unpaid principal balance of the Mortgage Loan, plus (ii) interest on such unpaid principal balance at the related Mortgage Interest Rate from the last date through which interest was last paid by or on behalf of the Mortgagor to the last day of the month in which such repurchase occurs, plus (iii) reasonable and customary third party expenses incurred in connection with the transfer of the Mortgage Loan being repurchased, minus (iv) any amounts received in respect of such repurchased Mortgage Loan and being held for future distribution in connection with such Mortgage Loan.
(b) The following sentence shall be added as the new third sentence of Subsection 7.03(a):
Each determination as to whether there has been such a breach shall be conducted on a Mortgage Loan-by-Mortgage Loan basis.
(c) The rights under the Purchase Agreement assigned to the Depositor and the Assignee pursuant to this Agreement shall be under the Purchase Agreement as amended by this Agreement.
Miscellaneous
12. All demands, notices and communications related to the Mortgage Loans, the Purchase Agreement and this Agreement shall be in writing and shall be deemed to have been duly given if personally delivered at or mailed by registered mail, postage prepaid, as follows:
(a) In the case of Cornerstone,
Cornerstone Mortgage Company
1177 West Loop South Suite 200
Houston, Texas 77027
Attention: Daniel Cooper
6 |
(b) In the case of Assignee,
Christiana Trust, a division of Wilmington Savings Fund Society, FSB
500 Delaware Avenue, 11th Floor
Wilmington, Delaware, 19801
Attention: Corporate Trust - Sequoia Mortgage Trust 2012-5
(c) In the case of Depositor,
Sequoia Residential Funding, Inc.
One Belvedere Place, Suite 360
Mill Valley, California 94941
Attention: William Moliski
with a copy to
General Counsel at the same address
(d) In the case of Assignor,
Redwood Residential Acquisition Corporation
One Belvedere Place, Suite 360
Mill Valley, California 94941
Attention: William Moliski
with a copy to
General Counsel at the same address
(e) In the case of Master Servicer,
Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, Maryland 21045)
Telephone number: (410) 884-2000
Facsimile number: (410) 715-2380
Attention: Client Manager — Sequoia Mortgage Trust 2012-5
(f) In the case of the initial Controlling Holder,
Sequoia Mortgage Funding Corporation
One Belvedere Place, Suite 360
Mill Valley, California 94941
Attention: William Moliski
with a copy to
General Counsel at the same address
7 |
13. This Agreement shall be construed in accordance with the laws of the State of New York, except to the extent preempted by Federal law, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws, without regard to the conflicts of laws provisions of the State of New York or any other jurisdiction.
14. 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.
15. This Agreement shall inure to the benefit of the successors and assigns of the parties hereto. Any entity into which Assignor, Depositor, Assignee or Cornerstone may be merged or consolidated shall, without the requirement for any further writing, be deemed Assignor, Depositor, Assignee or Cornerstone, respectively, hereunder.
16. This Agreement shall survive the conveyance of the Mortgage Loans, the assignment of the representations and warranties made by Cornerstone pursuant to the Purchase Agreement to the extent of the Mortgage Loans by Assignor to Depositor and by Depositor to Assignee, and the termination of the Purchase Agreement.
17. This Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original, and all such counterparts shall constitute one and the same instrument.
18. The Controlling Holder under the Pooling and Servicing Agreement is an express third party beneficiary of this Agreement, and shall have the same power and ability to exercise and enforce the rights stated to be provided to it hereunder as if it were a signatory hereto. Cornerstone hereby consents to such exercise and enforcement.
19. It is expressly understood and agreed by the parties hereto that insofar as this Agreement is executed by the Trustee (i) this Agreement is executed and delivered by Christiana Trust, a division of Wilmington Savings Fund Society, FSB (“Christiana Trust”) not in its individual capacity but solely as Trustee on behalf of the trust created by the Pooling and Servicing Agreement referred to herein (the “Trust”) in the exercise of the powers and authority conferred upon and vested in it, and as directed in the Pooling and Servicing Agreement, (ii) each of the undertakings and agreements herein made on behalf of the Trust is made and intended not as a personal undertaking or agreement of or by Christiana Trust but is made and intended for purposes of binding only the Trust, (iii) nothing herein contained shall be construed as creating any liability on the part of Christiana Trust, individually or personally, to perform any covenant either express or implied in this Agreement, all such liability, if any, being expressly waived by the parties hereto and by any person claiming by, through or under the parties hereto, and (iv) under no circumstances shall Christiana Trust in its individual capacity or in its capacity as Trustee be personally liable for the payment of any indebtedness, amounts or expenses owed by the Assignor under the Purchase Agreement, as modified or supplemented by this Agreement (such indebtedness, expenses and other amounts being payable solely from and to the extent of funds of the Trust) or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made under this Agreement or any other related documents.
8 |
20. Master Servicer. Cornerstone hereby acknowledges that the Assignee has appointed Wells Fargo Bank, N.A. to act as master servicer and securities administrator under the Pooling and Servicing Agreement and hereby agrees to treat all inquiries, demands, instructions, authorizations and other communications from the Master Servicer as if the same had been received from the Assignee. The Master Servicer, acting on behalf of the Assignee, shall have the rights of the Assignee as the Purchaser under this Agreement, including, without limitation, the right to enforce the obligations of Cornerstone hereunder and under the Purchase Agreement and the right to exercise the remedies of the Purchaser hereunder and under the Purchase Agreement.
Cornerstone shall make all remittances due by it to the Purchaser with respect to the Mortgage Loans to the following account by wire transfer of immediately available funds:
Wells Fargo Bank, N.A.
San Francisco, California
ABA# 121-000-248
Account #3970771416
Account Name: SAS Clearing
FFC: Account #48235300, Sequoia Mortgage Trust 2012-5 Distribution Account
21. Cornerstone acknowledges that the custodian will be Wells Fargo Bank, N.A. acting pursuant to the Custodial Agreement. Notwithstanding Section 10 of the Purchase Agreement, Cornerstone shall pay shipping expenses for any Mortgage Loan Documents if there has been a breach of any representation or warranty made with respect to the related Mortgage Loan in Subsection 7.01 of the Purchase Agreement.
22. Rule 17g-5 Compliance. Cornerstone hereby agrees that it shall provide information with respect to the Mortgage Loans or the origination thereof to any Rating Agency or nationally recognized statistical rating organization (“NRSRO”) via electronic mail at rmbs17g5informationprovider@wellsfargo.com, with a subject reference of “SEMT 2012-5” and an identification of the type of information being provided in the body of such electronic mail. The Securities Administrator, as the initial Rule 17g-5 Information Provider (the “Rule 17g-5 Information Provider”) shall notify Cornerstone in writing of any change in the identity or contact information of the Rule 17g-5 Information Provider. Cornerstone shall have no liability for (i) the Rule 17g-5 Information Provider’s failure to post information provided by it in accordance with the terms of this Agreement or (ii) any malfunction or disabling of the website maintained by the Rule 17g-5 Information Provider. None of the foregoing restrictions in this Section 22 prohibit or restrict oral or written communications, or providing information, between Cornerstone, on the one hand, and any Rating Agency or NRSRO, on the other hand, with regard to (i) such Rating Agency’s or NRSRO’s review of the ratings it assigns to Cornerstone or (ii) such Rating Agency’s or NRSRO’s evaluation of Cornerstone’s operations in general; provided, however, that Cornerstone shall not provide any information relating to the Mortgage Loans to such Rating Agency or NRSRO in connection with such review and evaluation by such Rating Agency or NRSRO unless: (x) borrower, property or deal specific identifiers are redacted; or (y) such information has already been provided to the Rule 17g-5 Information Provider.
9 |
IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day and year first above written.
REDWOOD RESIDENTIAL ACQUISITION CORPORATION | |||
Assignor | |||
By: | |||
Name: | |||
Title: | |||
SEQUOIA RESIDENTIAL FUNDING, INC. | |||
Depositor | |||
By: | |||
Name: | |||
Title: | |||
Christiana Trust, a division of Wilmington Savings Fund Society, FSB, not in its individual capacity but solely as Trustee, | |||
Assignee | |||
By: | |||
Name: | |||
Title: | |||
CORNERSTONE MORTGAGE COMPANY | |||
By: | |||
Name: | |||
Title: |
Accepted and agreed to by: | |||
WELLS FARGO BANK, N.A. | |||
Master Servicer | |||
By: | |||
Name: | |||
Title: |
Signature Page – Assignment of Representations and Warranties – Cornerstone (SEMT 2012-5)
ATTACHMENT 1
MORTGAGE LOAN SCHEDULE
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | |
Primary Servicer | Servicing Fee % | Servicing Fee—Flatdollar | Servicing Advance Methodology | Originator | Originator | Loan Group | Loan Number | Amortization Type | Lien Position | |
1 | 1000383 | 0.002500 | 1001770 | Cornerstone | 552000292 | 1 | 1 | |||
2 | 1000383 | 0.002500 | 1001770 | Cornerstone | 1140000423 | 1 | 1 | |||
3 | 1000383 | 0.002500 | 1001770 | Cornerstone | 1400007817 | 1 | 1 | |||
4 | 1000383 | 0.002500 | 1001770 | Cornerstone | 1400007822 | 1 | 1 | |||
5 | 1000383 | 0.002500 | 1001770 | Cornerstone | 1400008024 | 1 | 1 | |||
6 | 1000383 | 0.002500 | 1001770 | Cornerstone | 1400008062 | 1 | 1 | |||
7 | 1000383 | 0.002500 | 1001770 | Cornerstone | 1400008108 | 1 | 1 | |||
8 | 1000383 | 0.002500 | 1001770 | Cornerstone | 1400008137 | 1 | 1 | |||
9 | 1000383 | 0.002500 | 1001770 | Cornerstone | 1400008144 | 1 | 1 | |||
10 | 1000383 | 0.002500 | 1001770 | Cornerstone | 1400008164 | 1 | 1 | |||
11 | 1000383 | 0.002500 | 1001770 | Cornerstone | 1400008196 | 1 | 1 | |||
12 | 1000383 | 0.002500 | 1001770 | Cornerstone | 1420000255 | 1 | 1 | |||
13 | 1000383 | 0.002500 | 1001770 | Cornerstone | 1420000287 | 1 | 1 | |||
14 | 1000383 | 0.002500 | 1001770 | Cornerstone | 1500014606 | 1 | 1 | |||
15 | 1000383 | 0.002500 | 1001770 | Cornerstone | 1500015066 | 1 | 1 | |||
16 | 1000383 | 0.002500 | 1001770 | Cornerstone | 2080000362 | 1 | 1 | |||
17 | 1000383 | 0.002500 | 1001770 | Cornerstone | 3060001052 | 1 | 1 | |||
18 | 1000383 | 0.002500 | 1001770 | Cornerstone | 3170000732 | 1 | 1 | |||
19 | 1000383 | 0.002500 | 1001770 | Cornerstone | 3900000652 | 1 | 1 | |||
20 | 1000383 | 0.002500 | 1001770 | Cornerstone | 5510004044 | 1 | 1 | |||
21 | 1000383 | 0.002500 | 1001770 | Cornerstone | 5510004140 | 1 | 1 | |||
22 | 1000383 | 0.002500 | 1001770 | Cornerstone | 5520000353 | 1 | 1 | |||
23 | 1000383 | 0.002500 | 1001770 | Cornerstone | 5950001544 | 1 | 1 | |||
24 | 1000383 | 0.002500 | 1001770 | Cornerstone | 5950001587 | 1 | 1 | |||
25 | 1000383 | 0.002500 | 1001770 | Cornerstone | 5950001695 | 1 | 1 | |||
26 | 1000383 | 0.002500 | 1001770 | Cornerstone | 3900000647 | 1 | 1 |
11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | |
HELOC Indicator | Loan Purpose | Cash Out Amount | Total Origination and Discount Points | Covered/High Cost Loan Indicator | Relocation Loan Indicator | Broker Indicator | Channel | Escrow Indicator | Senior
Loan Amount(s) | |
1 | 0 | 7 | 1 | 4 | 0 | |||||
2 | 0 | 9 | 1 | 0 | 0 | |||||
3 | 0 | 9 | 1 | 0 | 0 | |||||
4 | 0 | 7 | 1 | 0 | 0 | |||||
5 | 0 | 9 | 1 | 0 | 0 | |||||
6 | 0 | 7 | 1 | 0 | 0 | |||||
7 | 0 | 9 | 1 | 0 | 0 | |||||
8 | 0 | 7 | 1 | 4 | 0 | |||||
9 | 0 | 9 | 1 | 0 | 0 | |||||
10 | 0 | 9 | 1 | 0 | 0 | |||||
11 | 0 | 7 | 1 | 0 | 0 | |||||
12 | 0 | 7 | 1 | 4 | 0 | |||||
13 | 0 | 7 | 1 | 0 | 0 | |||||
14 | 0 | 9 | 1 | 0 | 0 | |||||
15 | 0 | 9 | 1 | 0 | 0 | |||||
16 | 0 | 7 | 1 | 4 | 0 | |||||
17 | 0 | 9 | 1 | 4 | 0 | |||||
18 | 0 | 7 | 1 | 0 | 0 | |||||
19 | 0 | 7 | 1 | 0 | 0 | |||||
20 | 0 | 7 | 1 | 4 | 0 | |||||
21 | 0 | 9 | 1 | 4 | 0 | |||||
22 | 0 | 7 | 1 | 4 | 0 | |||||
23 | 0 | 7 | 1 | 4 | 0 | |||||
24 | 0 | 9 | 1 | 4 | 0 | |||||
25 | 0 | 9 | 1 | 4 | 0 | |||||
26 | 0 | 7 | 1 | 0 | 0 |
21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | |
Loan
Type of Most Senior Lien |
Hybrid
Period of Most Senior Lien (in months) |
Neg
Am Limit of Most Senior Lien |
Junior
Mortgage Balance |
Origination
Date of Most Senior Lien |
Origination Date | Original
Loan Amount |
Original
Interest Rate |
Original Amortization Term |
Original
Term to Maturity | |
1 | 0.00 | 20120726 | 880000.00 | 0.042500 | 360 | 360 | ||||
2 | 0.00 | 20120824 | 488500.00 | 0.041250 | 360 | 360 | ||||
3 | 0.00 | 20120824 | 761000.00 | 0.045000 | 360 | 360 | ||||
4 | 0.00 | 20120731 | 595000.00 | 0.041250 | 360 | 360 | ||||
5 | 0.00 | 20120726 | 807500.00 | 0.043750 | 360 | 360 | ||||
6 | 0.00 | 20120731 | 561000.00 | 0.040000 | 360 | 360 | ||||
7 | 0.00 | 20120718 | 578250.00 | 0.041250 | 360 | 360 | ||||
8 | 0.00 | 20120830 | 564000.00 | 0.042500 | 360 | 360 | ||||
9 | 0.00 | 20120823 | 703400.00 | 0.042500 | 360 | 360 | ||||
10 | 0.00 | 20120830 | 988000.00 | 0.040000 | 360 | 360 | ||||
11 | 0.00 | 20120820 | 1099000.00 | 0.040000 | 360 | 360 | ||||
12 | 0.00 | 20120801 | 580000.00 | 0.043750 | 360 | 360 | ||||
13 | 0.00 | 20120731 | 650000.00 | 0.040000 | 360 | 360 | ||||
14 | 0.00 | 20120817 | 899200.00 | 0.042500 | 360 | 360 | ||||
15 | 0.00 | 20120823 | 747500.00 | 0.040000 | 360 | 360 | ||||
16 | 0.00 | 20120817 | 650000.00 | 0.040000 | 360 | 360 | ||||
17 | 0.00 | 20120810 | 958100.00 | 0.043750 | 360 | 360 | ||||
18 | 0.00 | 20120727 | 820000.00 | 0.040000 | 360 | 360 | ||||
19 | 0.00 | 20120706 | 750000.00 | 0.042500 | 360 | 360 | ||||
20 | 0.00 | 20120731 | 722550.00 | 0.037500 | 360 | 360 | ||||
21 | 250000.00 | 20120719 | 605500.00 | 0.043750 | 240 | 240 | ||||
22 | 0.00 | 20120820 | 570500.00 | 0.042500 | 360 | 360 | ||||
23 | 0.00 | 20120808 | 608000.00 | 0.042500 | 360 | 360 | ||||
24 | 84500.00 | 20120726 | 761000.00 | 0.041250 | 360 | 360 | ||||
25 | 0.00 | 20120816 | 942893.00 | 0.043750 | 360 | 360 | ||||
26 | 0.00 | 20120824 | 1160000.00 | 0.042500 | 360 | 360 |
31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | |
First
Payment Date of Loan |
Interest
Type Indicator |
Original
Interest Only Term |
Buy Down Period | HELOC Draw Period | Current
Loan Amount |
Current
Interest Rate |
Current
Payment Amount Due |
Interest
Paid Through Date |
Current
Payment Status | |
1 | 20120901 | 1 | 0 | 0 | 877570.90 | 0.042500 | 4329.07 | 20120901 | 0 | |
2 | 20121001 | 1 | 0 | 0 | 487811.71 | 0.041250 | 2367.51 | 20120901 | 0 | |
3 | 20121001 | 1 | 0 | 0 | 759997.87 | 0.045000 | 3855.88 | 20120901 | 0 | |
4 | 20120901 | 1 | 0 | 0 | 594161.64 | 0.041250 | 2883.67 | 20120901 | 0 | |
5 | 20120901 | 1 | 0 | 0 | 806412.28 | 0.043750 | 4031.73 | 20120901 | 0 | |
6 | 20120901 | 1 | 0 | 0 | 560191.70 | 0.040000 | 2678.30 | 20120901 | 0 | |
7 | 20120901 | 1 | 0 | 0 | 577435.24 | 0.041250 | 2802.49 | 20120901 | 0 | |
8 | 20121001 | 1 | 0 | 0 | 563222.96 | 0.042500 | 2774.54 | 20120901 | 0 | |
9 | 20121001 | 1 | 0 | 0 | 702430.90 | 0.042500 | 3460.31 | 20120901 | 0 | |
10 | 20121001 | 1 | 0 | 0 | 986576.47 | 0.040000 | 4716.86 | 20120901 | 0 | |
11 | 20121001 | 1 | 0 | 0 | 1097416.54 | 0.040000 | 5246.79 | 20120901 | 0 | |
12 | 20121001 | 1 | 0 | 0 | 580000.00 | 0.043750 | 2895.85 | 20120901 | 0 | |
13 | 20120901 | 1 | 0 | 0 | 649063.47 | 0.040000 | 3103.20 | 20120901 | 0 | |
14 | 20121001 | 1 | 0 | 0 | 897961.15 | 0.042500 | 4423.52 | 20120901 | 0 | |
15 | 20121001 | 1 | 0 | 0 | 746422.99 | 0.040000 | 3568.68 | 20120901 | 0 | |
16 | 20121001 | 1 | 0 | 0 | 649063.47 | 0.040000 | 3103.20 | 20120901 | 0 | |
17 | 20121001 | 1 | 0 | 0 | 956809.42 | 0.043750 | 4783.65 | 20120901 | 0 | |
18 | 20120901 | 1 | 0 | 0 | 818818.52 | 0.040000 | 3914.81 | 20120901 | 0 | |
19 | 20120901 | 1 | 0 | 0 | 748966.70 | 0.042500 | 3689.55 | 20120901 | 0 | |
20 | 20120901 | 1 | 0 | 0 | 721461.73 | 0.037500 | 3346.24 | 20120901 | 0 | |
21 | 20120901 | 1 | 0 | 0 | 605500.00 | 0.043750 | 3789.96 | 20120901 | 0 | |
22 | 20121001 | 1 | 0 | 0 | 569714.00 | 0.042500 | 2806.52 | 20120901 | 0 | |
23 | 20121001 | 1 | 0 | 0 | 608000.00 | 0.042500 | 2990.99 | 20120901 | 0 | |
24 | 20120901 | 1 | 0 | 0 | 759927.76 | 0.041250 | 3688.18 | 20120901 | 0 | |
25 | 20121001 | 1 | 0 | 0 | 941622.90 | 0.043750 | 4707.73 | 20120901 | 0 | |
26 | 20121001 | 1 | 0 | 0 | 1158401.83 | 0.042500 | 5706.50 | 20120901 | 0 |
41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | |
Index Type | ARM
Look-back Days |
Gross Margin | ARM Round Flag | ARM Round Factor | Initial
Fixed Rate Period |
Initial
Interest Rate Cap (Change Up) |
Initial
Interest Rate Cap (Change Down) |
Subsequent
Interest Rate Reset Period |
Subsequent
Interest Rate Cap (Change Down) | |
1 | 0 | |||||||||
2 | 0 | |||||||||
3 | 0 | |||||||||
4 | 0 | |||||||||
5 | 0 | |||||||||
6 | 0 | |||||||||
7 | 0 | |||||||||
8 | 0 | |||||||||
9 | 0 | |||||||||
10 | 0 | |||||||||
11 | 0 | |||||||||
12 | 0 | |||||||||
13 | 0 | |||||||||
14 | 0 | |||||||||
15 | 0 | |||||||||
16 | 0 | |||||||||
17 | 0 | |||||||||
18 | 0 | |||||||||
19 | 0 | |||||||||
20 | 0 | |||||||||
21 | 0 | |||||||||
22 | 0 | |||||||||
23 | 0 | |||||||||
24 | 0 | |||||||||
25 | 0 | |||||||||
26 | 0 |
51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | |
Subsequent
Interest Rate Cap (Change Up) |
Lifetime
Maximum Rate (Ceiling) |
Lifetime
Minimum Rate (Floor) |
Negative Amortization Limit |
Initial
Negative Amortization Recast Period |
Subsequent Negative Amortization Recast Period |
Initial
Fixed Payment Period |
Subsequent Payment Reset Period |
Initial
Periodic Payment Cap |
Subsequent Periodic Payment Cap | |
1 | ||||||||||
2 | ||||||||||
3 | ||||||||||
4 | ||||||||||
5 | ||||||||||
6 | ||||||||||
7 | ||||||||||
8 | ||||||||||
9 | ||||||||||
10 | ||||||||||
11 | ||||||||||
12 | ||||||||||
13 | ||||||||||
14 | ||||||||||
15 | ||||||||||
16 | ||||||||||
17 | ||||||||||
18 | ||||||||||
19 | ||||||||||
20 | ||||||||||
21 | ||||||||||
22 | ||||||||||
23 | ||||||||||
24 | ||||||||||
25 | ||||||||||
26 |
61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | |
Initial
Minimum Payment Reset Period |
Subsequent Minimum Payment Reset Period |
Option
ARM Indicator |
Options at Recast | Initial
Minimum Payment |
Current
Minimum Payment |
Prepayment
Penalty Calculation |
Prepayment
Penalty Type |
Prepayment
Penalty Total Term |
Prepayment
Penalty Hard Term | |
1 | 0 | |||||||||
2 | 0 | |||||||||
3 | 0 | |||||||||
4 | 0 | |||||||||
5 | 0 | |||||||||
6 | 0 | |||||||||
7 | 0 | |||||||||
8 | 0 | |||||||||
9 | 0 | |||||||||
10 | 0 | |||||||||
11 | 0 | |||||||||
12 | 0 | |||||||||
13 | 0 | |||||||||
14 | 0 | |||||||||
15 | 0 | |||||||||
16 | 0 | |||||||||
17 | 0 | |||||||||
18 | 0 | |||||||||
19 | 0 | |||||||||
20 | 0 | |||||||||
21 | 0 | |||||||||
22 | 0 | |||||||||
23 | 0 | |||||||||
24 | 0 | |||||||||
25 | 0 | |||||||||
26 | 0 |
71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | |
Primary Borrower ID | Number
of Mortgaged Properties |
Total
Number of Borrowers |
Self-employment Flag |
Current
‘Other’ Monthly Payment |
Length
of Employment: Borrower |
Length
of Employment: Co- Borrower |
Years in Home | FICO Model Used | Most
Recent FICO Date | |
1 | 4 | 1 | 0 | 18 | 0 | 1 | ||||
2 | 1 | 0 | 0 | 4 | 1 | |||||
3 | 1 | 1 | 18 | 17 | 1 | |||||
4 | 1 | 1 | 0 | 0 | 1 | |||||
5 | 2 | 0 | 0.4 | 6 | 1 | |||||
6 | 4 | 1 | 5 | 0 | 1 | |||||
7 | 1 | 0 | 17 | 11 | 1 | |||||
8 | 2 | 0 | 4 | 0 | 1 | |||||
9 | 1 | 0 | 3 | 2 | 7 | 1 | ||||
10 | 1 | 0 | 14 | 1.25 | 1 | |||||
11 | 2 | 0 | 0 | 0 | 1 | |||||
12 | 1 | 1 | 3 | 0 | 1 | |||||
13 | 1 | 0 | 18.5 | 0 | 1 | |||||
14 | 1 | 1 | 7.5 | 1 | 1 | |||||
15 | 1 | 0 | 1 | 2 | 1 | |||||
16 | 2 | 1 | 15 | 0 | 1 | |||||
17 | 1 | 1 | 12 | 5 | 1 | |||||
18 | 2 | 0 | 8.25 | 0 | 1 | |||||
19 | 3 | 0 | 2 | 0 | 1 | |||||
20 | 1 | 0 | 0.25 | 0 | 1 | |||||
21 | 3 | 0 | 4 | 4 | 6 | 1 | ||||
22 | 1 | 0 | 2.5 | 0 | 1 | |||||
23 | 2 | 0 | 4.25 | 2 | 0 | 1 | ||||
24 | 1 | 0 | 0 | 8 | 5 | 1 | ||||
25 | 1 | 0 | 4 | 2 | 1 | |||||
26 | 3 | 0 | 1 | 1.75 | 0 | 1 |
81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
Primary
Wage Earner Original FICO: Equifax |
Primary
Wage Earner Original FICO: Experian |
Primary
Wage Earner Original FICO: TransUnion |
Secondary
Wage Earner Original FICO: Equifax |
Secondary
Wage Earner Original FICO: Experian |
Secondary
Wage Earner Original FICO: TransUnion |
Original Primary Borrower FICO |
Most
Recent Primary Borrower FICO |
Most
Recent Co- Borrower FICO |
Most
Recent FICO Method | |
1 | 769 | |||||||||
2 | 745 | |||||||||
3 | 785 | |||||||||
4 | 791 | |||||||||
5 | 728 | |||||||||
6 | 727 | |||||||||
7 | 775 | |||||||||
8 | 820 | |||||||||
9 | 783 | |||||||||
10 | 770 | |||||||||
11 | 700 | |||||||||
12 | 760 | |||||||||
13 | 787 | |||||||||
14 | 766 | |||||||||
15 | 774 | |||||||||
16 | 706 | |||||||||
17 | 741 | |||||||||
18 | 788 | |||||||||
19 | 802 | |||||||||
20 | 751 | |||||||||
21 | 773 | |||||||||
22 | 807 | |||||||||
23 | 792 | |||||||||
24 | 779 | |||||||||
25 | 751 | |||||||||
26 | 727 |
91 | 92 | 93 | 94 | 95 | 96 | 97 | 98 | 99 | 100 | |
VantageScore: Primary Borrower |
VantageScore:
Co- Borrower |
Most
Recent VantageScore Method |
VantageScore Date | Credit
Report: Longest Trade Line |
Credit
Report: Maximum Trade Line |
Credit
Report: Number of Trade Lines |
Credit
Line Usage Ratio |
Most
Recent 12- month Pay History |
Months Bankruptcy | |
1 | 000000000000 | |||||||||
2 | 000000000000 | |||||||||
3 | 000000000000 | |||||||||
4 | 000000000000 | |||||||||
5 | 000000000000 | |||||||||
6 | 000000000000 | |||||||||
7 | 000000000000 | |||||||||
8 | 000000000000 | |||||||||
9 | 000000000000 | |||||||||
10 | 000000000000 | |||||||||
11 | 000000000000 | |||||||||
12 | 000000000000 | |||||||||
13 | 000000000000 | |||||||||
14 | 000000000000 | |||||||||
15 | 000000000000 | |||||||||
16 | 000000000000 | |||||||||
17 | 000000000000 | |||||||||
18 | 000000000000 | |||||||||
19 | 000000000000 | |||||||||
20 | 000000000000 | |||||||||
21 | 000000000000 | |||||||||
22 | 000000000000 | |||||||||
23 | 000000000000 | |||||||||
24 | 000000000000 | |||||||||
25 | 000000000000 | |||||||||
26 | 000000000000 |
101 | 102 | 103 | 104 | 105 | 106 | 107 | 108 | 109 | 110 | |
Months Foreclosure | Primary
Borrower Wage Income |
Co-Borrower
Wage Income |
Primary
Borrower Other Income |
Co-Borrower
Other Income |
All
Borrower Wage Income |
All
Borrower Total Income |
4506-T Indicator | Borrower
Income Verification Level |
Co-Borrower Income Verification | |
1 | 2461.00 | 17785.00 | 0.00 | 0.00 | 20246.00 | 20246.00 | 1 | 4 | ||
2 | 13110.01 | 0.00 | 0.00 | 0.00 | 13110.01 | 13110.01 | 1 | 5 | ||
3 | 15049.75 | 0.00 | 11128.82 | 0.00 | 15049.75 | 26178.57 | 1 | 4 | ||
4 | 15350.00 | 0.00 | 15350.00 | 15350.00 | 1 | 4 | ||||
5 | 22125.35 | 0.00 | 0.00 | 0.00 | 22125.35 | 22125.35 | 1 | 5 | ||
6 | 8220.00 | 0.00 | 0.00 | 0.00 | 35253.00 | 35253.00 | 1 | 4 | ||
7 | 20833.34 | 0.00 | 0.00 | 0.00 | 20833.34 | 20833.34 | 1 | 5 | ||
8 | 22916.68 | 0.00 | 1168.83 | 0.00 | 22916.68 | 24085.51 | 1 | 5 | ||
9 | 3584.83 | 4929.94 | 0.00 | 5775.00 | 8514.77 | 14289.77 | 1 | 5 | ||
10 | 14583.33 | 24067.00 | 14583.33 | 38650.33 | 1 | 5 | ||||
11 | 322123.83 | 0.00 | 0.00 | 0.00 | 322123.83 | 322123.83 | 1 | 5 | ||
12 | 35244.00 | 0.00 | 35244.00 | 35244.00 | 1 | 4 | ||||
13 | 12916.67 | 0.00 | 16917.99 | 0.00 | 12916.67 | 29834.66 | 1 | 5 | ||
14 | 20255.70 | 0.00 | 20255.70 | 20255.70 | 1 | 4 | ||||
15 | 98320.13 | 0.00 | 0.00 | 0.00 | 98320.13 | 98320.13 | 1 | 5 | ||
16 | 15368.42 | 0.00 | 15368.42 | 15368.42 | 1 | 4 | ||||
17 | 28679.99 | 0.00 | 0.00 | 0.00 | 28679.99 | 28679.99 | 1 | 4 | ||
18 | 24166.68 | 0.00 | 11231.64 | 0.00 | 24166.68 | 35398.32 | 1 | 5 | ||
19 | 119906.00 | 59621.00 | 119906.00 | 179527.00 | 1 | 5 | ||||
20 | 16666.67 | 0.00 | 16666.67 | 16666.67 | 1 | 5 | ||||
21 | 10000.00 | 0.00 | 0.00 | 0.00 | 10000.00 | 10000.00 | 1 | 5 | ||
22 | 998.00 | 4880.00 | 0.00 | 7068.00 | 5878.00 | 12946.00 | 1 | 5 | ||
23 | 7897.06 | 13333.34 | 0.00 | 0.00 | 21230.40 | 21230.40 | 1 | 5 | ||
24 | 0.00 | 10792.00 | 0.00 | 5689.00 | 10792.00 | 16481.00 | 1 | 5 | ||
25 | 15216.00 | 2330.00 | 15216.00 | 17546.00 | 1 | 5 | ||||
26 | 11206.99 | 11791.68 | 0.00 | 0.00 | 22998.67 | 22998.67 | 1 | 5 |
111 | 112 | 113 | 114 | 115 | 116 | 117 | 118 | 119 | 120 | |
Borrower Employment Verification |
Co-Borrower Employment Verification |
Borrower
Asset Verification |
Co-Borrower
Asset Verification |
Liquid
/ Cash Reserves |
Monthly
Debt All Borrowers |
Originator DTI | Fully Indexed Rate | Qualification Method |
Percentage
of Down Payment from Borrower Own Funds | |
1 | 3 | 4 | 335624.16 | 7308.32 | 0.3610 | 100 | ||||
2 | 3 | 4 | 25356.07 | 5647.88 | 0.4308 | |||||
3 | 3 | 4 | 485334.47 | 8183.87 | 0.3126 | |||||
4 | 3 | 4 | 5359063.66 | 6446.51 | 0.4200 | 100 | ||||
5 | 3 | 4 | 669449.81 | 6501.73 | 0.2939 | |||||
6 | 3 | 4 | 345940.64 | 15819.04 | 0.4487 | 100 | ||||
7 | 3 | 4 | 107401.16 | 6260.52 | 0.3005 | |||||
8 | 3 | 4 | 437215.24 | 9662.22 | 0.4012 | 100 | ||||
9 | 3 | 4 | 75706.48 | 5158.28 | 0.3610 | |||||
10 | 3 | 4 | 500805.84 | 11073.36 | 0.2865 | |||||
11 | 3 | 4 | 7408117.27 | 14041.70 | 0.0436 | 100 | ||||
12 | 3 | 4 | 113574.08 | 8303.66 | 0.2356 | 100 | ||||
13 | 3 | 4 | 451327.85 | 9120.78 | 0.3057 | 100 | ||||
14 | 3 | 4 | 95210.48 | 8400.73 | 0.4147 | |||||
15 | 3 | 4 | 151945.30 | 6927.24 | 0.0705 | |||||
16 | 3 | 4 | 134185.90 | 6513.47 | 0.4238 | 100 | ||||
17 | 3 | 4 | 168816.26 | 10829.82 | 0.3776 | |||||
18 | 3 | 4 | 635582.16 | 9596.06 | 0.2711 | 100 | ||||
19 | 3 | 4 | 1309498.25 | 31179.89 | 0.1737 | 100 | ||||
20 | 3 | 4 | 273058.55 | 4704.47 | 0.2823 | 100 | ||||
21 | 3 | 4 | 76571.92 | 4371.39 | 0.4371 | |||||
22 | 3 | 4 | 8169797.40 | 4869.61 | 0.3761 | 100 | ||||
23 | 3 | 4 | 119720.02 | 6702.03 | 0.3157 | 100 | ||||
24 | 3 | 4 | 57229.16 | 6592.71 | 0.4000 | |||||
25 | 3 | 4 | 68400.51 | 7171.07 | 0.4087 | |||||
26 | 3 | 4 | 534103.83 | 10324.08 | 0.4489 | 100 |
121 | 122 | 123 | 124 | 125 | 126 | 127 | 128 | 129 | 130 | |
City | State | Postal Code | Property Type | Occupancy | Sales Price | Original
Appraised Property Value |
Original
Property Valuation Type |
Original
Property Valuation Date |
Original
Automated Valuation Model (AVM) Model Name | |
1 | Carbondale | CO | 81623 | 1 | 1 | 1100000.00 | 1100000.00 | 3 | 20120614 | |
2 | Humble | TX | 77346 | 7 | 1 | 625000.00 | 3 | 20120806 | ||
3 | Dallas | TX | 75214 | 1 | 1 | 1150000.00 | 3 | 20120514 | ||
4 | Dallas | TX | 75230 | 1 | 2 | 1095000.00 | 1095000.00 | 3 | 20120703 | |
5 | Dallas | TX | 75225 | 1 | 1 | 1225000.00 | 3 | 20120613 | ||
6 | Dallas | TX | 75225 | 1 | 1 | 935000.00 | 935000.00 | 3 | 20120712 | |
7 | University Park | TX | 75225 | 1 | 1 | 1145000.00 | 3 | 20120706 | ||
8 | University Park | TX | 75205 | 12 | 1 | 705000.00 | 705000.00 | 3 | 20120818 | |
9 | Dallas | TX | 75225 | 1 | 1 | 950000.00 | 3 | 20120803 | ||
10 | University Park | TX | 75205 | 1 | 1 | 2000000.00 | 3 | 20120817 | ||
11 | Dallas | TX | 75205 | 1 | 1 | 1570000.00 | 1575000.00 | 3 | 20120810 | |
12 | Dallas | TX | 75214 | 1 | 1 | 725000.00 | 725000.00 | 3 | 20120724 | |
13 | University Park | TX | 75225 | 1 | 1 | 1100000.00 | 1100000.00 | 3 | 20120713 | |
14 | Austin | TX | 78746 | 7 | 1 | 1200000.00 | 3 | 20120614 | ||
15 | Austin | TX | 78733 | 7 | 1 | 1145000.00 | 3 | 20120725 | ||
16 | Loveland | CO | 80538 | 7 | 1 | 1100000.00 | 1100000.00 | 3 | 20120801 | |
17 | EL PASO | TX | 79912 | 1 | 1 | 1200000.00 | 3 | 20120627 | ||
18 | The Woodlands | TX | 77380 | 7 | 1 | 1025000.00 | 1050000.00 | 3 | 20120709 | |
19 | Los Angeles | CA | 90048 | 1 | 1 | 1000000.00 | 1080000.00 | 3 | 20120615 | |
20 | Fort collins | CO | 80528 | 7 | 1 | 963400.00 | 965000.00 | 3 | 20120709 | |
21 | Boulder | CO | 80303 | 1 | 1 | 1100000.00 | 3 | 20120616 | ||
22 | Glenwood Springs | CO | 81601 | 7 | 1 | 815000.00 | 830000.00 | 3 | 20120717 | |
23 | Seattle | WA | 98115 | 1 | 1 | 760000.00 | 765000.00 | 3 | 20120707 | |
24 | Seattle | WA | 98103 | 1 | 1 | 1150000.00 | 3 | 20120619 | ||
25 | Seattle | WA | 98144 | 1 | 1 | 1356000.00 | 3 | 20120723 | ||
26 | manhattan beach | CA | 90266 | 1 | 1 | 1455000.00 | 1455000.00 | 3 | 20120725 |
131 | 132 | 133 | 134 | 135 | 136 | 137 | 138 | 139 | 140 | |
Original
AVM Confidence Score |
Most
Recent Property Value2 |
Most
Recent Property Valuation Type |
Most
Recent Property Valuation Date |
Most
Recent AVM Model Name |
Most
Recent AVM Confidence Score |
Original CLTV | Original LTV | Original
Pledged Assets |
Mortgage
Insurance Company Name | |
1 | 0.8000 | 0.8000 | 0 | 0 | ||||||
2 | 0.7816 | 0.7816 | 0 | 0 | ||||||
3 | 0.6617 | 0.6617 | 0 | 0 | ||||||
4 | 0.5433 | 0.5433 | 0 | 0 | ||||||
5 | 0.6591 | 0.6591 | 0 | 0 | ||||||
6 | 0.6000 | 0.6000 | 0 | 0 | ||||||
7 | 0.5050 | 0.5050 | 0 | 0 | ||||||
8 | 0.8000 | 0.8000 | 0 | 0 | ||||||
9 | 0.7404 | 0.7404 | 0 | 0 | ||||||
10 | 0.4940 | 0.4940 | 0 | 0 | ||||||
11 | 0.7000 | 0.7000 | 0 | 0 | ||||||
12 | 0.8000 | 0.8000 | 0 | 0 | ||||||
13 | 0.5909 | 0.5909 | 0 | 0 | ||||||
14 | 0.7493 | 0.7493 | 0 | 0 | ||||||
15 | 0.6528 | 0.6528 | 0 | 0 | ||||||
16 | 0.5909 | 0.5909 | 0 | 0 | ||||||
17 | 0.7984 | 0.7984 | 0 | 0 | ||||||
18 | 0.8000 | 0.8000 | 0 | 0 | ||||||
19 | 0.7500 | 0.7500 | 0 | 0 | ||||||
20 | 0.7500 | 0.7500 | 0 | 0 | ||||||
21 | 0.7777 | 0.5504 | 0 | 0 | ||||||
22 | 0.7000 | 0.7000 | 0 | 0 | ||||||
23 | 0.8000 | 0.8000 | 0 | 0 | ||||||
24 | 0.7352 | 0.6617 | 0 | 0 | ||||||
25 | 0.6953 | 0.6953 | 0 | 0 | ||||||
26 | 0.7972 | 0.7972 | 0 | 0 |
141 | 142 | 143 | 144 | 145 | 146 | 147 | 148 | 149 | 150 | |
Mortgage
Insurance Percent |
MI:
Lender or Borrower Paid? |
Pool
Insurance Co. Name |
Pool
Insurance Stop Loss % |
MI
Certificate Number |
Updated
DTI (Front-end) |
Updated
DTI (Back-end) |
Modification Effective Payment Date |
Total
Capitalized Amount |
Total
Deferred Amount | |
1 | 0 | |||||||||
2 | 0 | |||||||||
3 | 0 | |||||||||
4 | 0 | |||||||||
5 | 0 | |||||||||
6 | 0 | |||||||||
7 | 0 | |||||||||
8 | 0 | |||||||||
9 | 0 | |||||||||
10 | 0 | |||||||||
11 | 0 | |||||||||
12 | 0 | |||||||||
13 | 0 | |||||||||
14 | 0 | |||||||||
15 | 0 | |||||||||
16 | 0 | |||||||||
17 | 0 | |||||||||
18 | 0 | |||||||||
19 | 0 | |||||||||
20 | 0 | |||||||||
21 | 0 | |||||||||
22 | 0 | |||||||||
23 | 0 | |||||||||
24 | 0 | |||||||||
25 | 0 | |||||||||
26 | 0 |
151 | 152 | 153 | 154 | 155 | 156 | 157 | 158 | 159 | 160 | |
Pre-Modification Interest (Note) Rate |
Pre-Modification
P&I Payment |
Pre-Modification Initial Interest Rate Change Downward Cap |
Pre-Modification Subsequent Interest Rate Cap |
Pre-Modification Next Interest Rate Change Date |
Pre-Modification
I/O Term |
Forgiven
Principal Amount |
Forgiven
Interest Amount |
Number
of Modifications |
Cash To/From Brrw at Closing | |
1 | ||||||||||
2 | ||||||||||
3 | ||||||||||
4 | ||||||||||
5 | ||||||||||
6 | ||||||||||
7 | ||||||||||
8 | ||||||||||
9 | ||||||||||
10 | ||||||||||
11 | ||||||||||
12 | ||||||||||
13 | ||||||||||
14 | ||||||||||
15 | ||||||||||
16 | ||||||||||
17 | ||||||||||
18 | ||||||||||
19 | ||||||||||
20 | ||||||||||
21 | ||||||||||
22 | ||||||||||
23 | ||||||||||
24 | ||||||||||
25 | ||||||||||
26 |
161 | 162 | 163 | 164 | 165 | 166 | 167 | |
Brrw - Yrs at in Industry | CoBrrw - Yrs at in Industry | Junior Mortgage Drawn Amount | Maturity Date | Primary Borrower Wage Income (Salary) | Primary Borrower Wage Income (Bonus) | Primary Borrower Wage Income (Commission) | |
1 | 0 | 19 | 0.00 | 20420801 | 2461.00 | 0.00 | 0.00 |
2 | 17 | 0.00 | 20420901 | 13110.01 | 0.00 | 0.00 | |
3 | 18 | 0.00 | 20420901 | 15049.75 | 11128.82 | 0.00 | |
4 | 0 | 0.00 | 20420801 | 15350.00 | 0.00 | 0.00 | |
5 | 5 | 0.00 | 20420801 | 22125.35 | 0.00 | 0.00 | |
6 | 5 | 0.00 | 20420801 | 8220.00 | 0.00 | 0.00 | |
7 | 19 | 0.00 | 20420801 | 20833.34 | 0.00 | 0.00 | |
8 | 4 | 0.00 | 20420901 | 22916.68 | 1168.83 | 0.00 | |
9 | 3 | 2 | 0.00 | 20420901 | 3584.83 | 0.00 | 0.00 |
10 | 14 | 0.00 | 20420901 | 14583.33 | 24067.00 | 0.00 | |
11 | 2 | 0.00 | 20420901 | 322123.83 | 0.00 | 0.00 | |
12 | 3 | 0.00 | 20420901 | 35244.00 | 0.00 | 0.00 | |
13 | 18.5 | 0.00 | 20420801 | 12916.67 | 16917.99 | 0.00 | |
14 | 9 | 0.00 | 20420901 | 20255.70 | 0.00 | 0.00 | |
15 | 9 | 0.00 | 20420901 | 98320.13 | 0.00 | 0.00 | |
16 | 15 | 0.00 | 20420901 | 15368.42 | 0.00 | 0.00 | |
17 | 12 | 0.00 | 20420901 | 28679.99 | 0.00 | 0.00 | |
18 | 17 | 0.00 | 20420801 | 24166.68 | 11231.64 | 0.00 | |
19 | 2 | 0.00 | 20420801 | 119906.00 | 0.00 | 0.00 | |
20 | 15 | 0.00 | 20420801 | 16666.67 | 0.00 | 0.00 | |
21 | 12 | 10 | 250000.00 | 20320801 | 10000.00 | 0.00 | 0.00 |
22 | 15 | 0.00 | 20420901 | 998.00 | 0.00 | 0.00 | |
23 | 8 | 6 | 0.00 | 20420901 | 7897.06 | 0.00 | 0.00 |
24 | 0 | 8 | 83481.00 | 20420801 | 0.00 | 0.00 | 0.00 |
25 | 15 | 0.00 | 20420901 | 15216.00 | 2330.00 | 0.00 | |
26 | 12 | 15 | 0.00 | 20420901 | 11206.99 | 0.00 | 0.00 |
168 | 169 | 170 | 171 | 172 | 173 | |
Co-Borrower Wage Income (Salary) | Co-Borrower Wage Income (Bonus) | Co-Borrower Wage Income (Commission) | Originator Doc Code | RWT Income Verification | RWT Asset Verification | |
1 | 17785.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
2 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
3 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
4 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
5 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
6 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
7 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
8 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
9 | 4929.94 | 0.00 | 0.00 | Full | Two Years | Two Months |
10 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
11 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
12 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
13 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
14 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
15 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
16 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
17 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
18 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
19 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
20 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
21 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
22 | 4880.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
23 | 13333.34 | 0.00 | 0.00 | Full | Two Years | Two Months |
24 | 10792.00 | 5689.00 | 0.00 | Full | Two Years | Two Months |
25 | 0.00 | 0.00 | 0.00 | Full | Two Years | Two Months |
26 | 11791.68 | 0.00 | 0.00 | Full | Two Years | Two Months |
ASF RMBS DISCLOSURE PACKAGE
The American Securitization Forum is a broad-based professional forum through which participants in the U.S. securitization market advocate their common interests on important legal, regulatory and market practice issues. ASF members include over 380 firms, including issuers, investors, servicers, financial intermediaries, rating agencies, financial guarantors, legal and accounting firms, and other professional organizations involved in securitization transactions. The ASF also provides information, education and training on a range of securitization market issues and topics through industry conferences, seminars and similar initiatives. For more information about ASF, its members and activities, please go to www.americansecuritization.com.
Field Number |
Field Name | Field Description | Type of Field |
Data Type | Sample Data | Format | When Applicable? |
Valid Values | Proposed Unique Coding |
Notes |
1 | Primary Servicer | The MERS Organization ID of the company that has or will have the right to service the loan. | General Information | Numeric – Integer | 2351805 | 9(7) | Always | “9999999” if Unknown | ||
2 | Servicing Fee—Percentage | Aggregate monthly fee paid to all servicers, stated in decimal form. | General Information | Numeric - Decimal | 0.0025 | 9.999999 | Loans without flat-dollar servicing fees | >= 0 and < 1 | Must be populated if Field 3 is Null | |
3 | Servicing Fee—Flat-dollar | Aggregate monthly fee paid to all servicers, stated as a dollar amount. | General Information | Numeric – Decimal | 7.5 | 9(3).99 | Loans with flat-dollar servicing fees | >= 0 and <= 999 |
Must be populated if 2 is Null | |
4 | Servicing Advance Methodology | The manner in which principal and/or interest are to be advanced by the servicer. | General Information | Numeric – Integer | 2 | 99 | Always | See Coding | 1 = Scheduled Interest, Scheduled Principal 2 = Actual Interest, Actual Principal 3 = Scheduled Interest, Actual Principal 99 = Unknown |
|
5 | Originator | The MERS Organization ID of the entity that lends funds to the borrower and, in return, places a lien on the mortgage property as collateral. | General Information | Numeric – Integer | 5938671 | 9(7) | Always | “9999999” if Unknown | ||
6 | Loan Group | Indicates the collateral group number in which the loan falls (for structures with multiple collateral groups). Use “1” if there is only one loan group. | General Information | Text | 1A | XXXX | Always | “UNK” if Unknown | ||
7 | Loan Number | Unique National Mortgage Loan ID Number (Vendor TBD). | General Information | Numeric – Integer | TBD | TBD | Always | TBD | Details to be provided by Vendor | |
8 | Amortization Type | Indicates whether the loan’s interest rate is fixed or adjustable (Hybrid ARMs are adjustable). | Loan Type | Numeric – Integer | 2 | 99 | Always | See Coding | 1 = Fixed 2 = Adjustable 99 = Unknown |
|
9 | Lien Position | A number indicating the loan’s lien position (1 = first lien, etc.). | Loan Type | Numeric – Integer | 1 | 99 | Always | >0 | 99 = Unknown | |
10 | HELOC Indicator | Indicates whether the loan is a home equity line of credit. | Loan Type | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
|
11 | Loan Purpose | Indicates the purpose of the loan. | Loan Type | Numeric – Integer | 9 | 99 | Always | See Coding | See Appendix A | |
12 | Cash Out Amount | Cash Out
Amount: [New Loan] – [PIF Prior First Lien] – [Payoff of all Seasoned Seconds] – [Closing Costs] –
[Prepays] For delayed purchases (refinances on homes purchased < 12 months prior to the mortgage application) with cash) Cash Out Amount = 0. |
Loan Type | Numeric – Decimal | 72476.5 | 9(10).99 | Always | >= 0 | ||
13 | Total Origination and Discount Points (in dollars) | Amount paid to the lender to increase the lender’s effective yield and, in the case of discount points, to reduce the interest rate paid by the borrower. | Loan Type | Numeric – Decimal | 5250 | 9(10).99 | Always | >= 0 | Typically Lines 801 and 802 of HUD Settlement Statement | |
14 | Covered/High Cost Loan Indicator | Indicates whether the loan is categorized as “high cost” or “covered” according to state or federal statutes or regulations. | Loan Type | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
|
15 | Relocation Loan Indicator | Indicates whether the loan is part of a corporate relocation program. | Loan Type | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
|
16 | Broker Indicator | Indicates whether a broker took the application. | Loan Type | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
|
17 | Channel | Code indicating the source (channel) from which the Issuer obtained the mortgage loan. | Loan Type | Numeric – Integer | 2 | 99 | Always | See Coding | 1 = Retail 2 = Broker 3 = Correspondent Bulk 4 = Correspondent Flow with delegated underwriting 5 = Correspondent Flow without delegated underwriting 99 = Unknown |
|
18 | Escrow Indicator | Indicates whether various homeownership expenses are paid by the borrower directly or through an escrow account (as of securitization cut-off date). | Loan Type | Numeric – Integer | 3 | 99 | Always | See Coding | 0 = No Escrows 1 = Taxes 2 = Insurance 3 = HOA dues 4 = Taxes and Insurance 5 = All 99 =Unknown |
|
19 | Senior Loan Amount(s) | For non-first mortgages, the sum of the balances of all associated senior mortgages at the time of origination of the subordinate lien. | Mortgage Lien Info | Numeric – Decimal | 611004.25 | 9(10).99 | If Lien Position > 1 | >= 0 | ||
20 | Loan Type of Most Senior Lien | For non-first mortgages, indicates whether the associated first mortgage is a Fixed, ARM, Hybrid, or negative amortization loan. | Mortgage Lien Info | Numeric – Integer | 2 | 99 | If Lien Position > 1 | See Coding | 1 = Fixed Rate 2 = ARM 3 = Hybrid 4 = Neg Am 99 = Unknown |
|
21 | Hybrid Period of Most Senior Lien (in months) | For non-first mortgages where the associated first mortgage is a hybrid ARM, the number of months remaining in the initial fixed interest rate period for the hybrid first mortgage. | Mortgage Lien Info | Numeric – Integer | 23 | 999 | If Lien Position > 1 AND the most senior lien is a hybrid ARM (see Field 20) |
>= 0 | ||
22 | Neg Am Limit of Most Senior Lien | For non-first mortgages where the associated first mortgage features negative amortization, the maximum percentage by which the negatively amortizing balance may increase (expressed as a proportion of the senior lien’s original balance). | Mortgage Lien Info | Numeric – Decimal | 1.25 | 9.999999 | If Lien Position > 1 AND the senior lien is Neg Am (see Field 20) |
>= 1 and <= 2 | ||
23 | Junior Mortgage Balance | For first mortgages with subordinate liens at the time of origination, the combined balance of the subordinate liens (if known). | Mortgage Lien Info | Numeric – Decimal | 51775.12 | 9(10).99 | If Lien Position = 1 and there is a 2nd lien on the subject property | >= 0 | Subject to Regulatory Confirmation | |
24 | Origination Date of Most Senior Lien | For non-first mortgages, the origination date of the associated first mortgage. | Mortgage Lien Info | Date | 20090914 | YYYYMMDD | If Lien Position > 1 and there is a 2nd lien on the subject property | “19010101” if unknown | ||
25 | Origination Date | The date of the Mortgage Note and Mortgage/Deed of Trust | Loan Term and Amortization Type | Date | 20090914 | YYYYMMDD | Always | “19010101” if unknown | ||
26 | Original Loan Amount | The dollar amount of the mortgage loan, as specified on the mortgage note at the time of the loan’s origination. For HELOCs, the maximum available line of credit. | Loan Term and Amortization Type | Numeric – Decimal | 150000 | 9(10).99 | Always | >0 | ||
27 | Original Interest Rate | The original note rate as indicated on the mortgage note. | Loan Term and Amortization Type | Numeric – Decimal | 0.0475 | 9.999999 | Always | > 0 and <= 1 | ||
28 | Original Amortization Term | The number of months in which the loan would be retired if the amortizing principal and interest payment were to be paid each month. | Loan Term and Amortization Type | Numeric – Integer | 360 | 999 | Always | >= 60 | ||
29 | Original Term to Maturity | The initial number of months between loan origination and the loan maturity date, as specified on the mortgage note. | Loan Term and Amortization Type | Numeric – Integer | 60 | 999 | Always | >0 | N/A | |
30 | First Payment Date of Loan | The date of the first scheduled mortgage payment to be made by the borrower as specified on the mortgage note. | Loan Term and Amortization Type | Date | 20090914 | YYYYMMDD | Always | “19010101” if unknown | N/A | |
31 | Interest Type Indicator | Indicates whether the interest rate calculation method is simple or actuarial. | Loan Term and Amortization Type | Numeric – Integer | 2 | 99 | Always | See Coding | 1= Simple 2 = Actuarial 99 = Unknown |
|
32 | Original Interest Only Term | Original interest-only term for a loan in months (including NegAm Loans). | Loan Term and Amortization Type | Numeric – Integer | 60 | 999 | Always | >= 0 and <= 240 Unknown = Blank; No Interest Only Term = 0 |
||
33 | Buy Down Period | The total number of months during which any buy down is in effect, representing the accumulation of all buy down periods. | Loan Term and Amortization Type | Numeric – Integer | 65 | 999 | Always | >= 0 and <= 100 Unknown = Blank; No Buy Down = 0 |
||
34 | HELOC Draw Period | The original number of months during which the borrower may draw funds against the HELOC account. | Loan Term and Amortization Type | Numeric – Integer | 24 | 999 | HELOCs Only | >= 12 and <= 120 | ||
35 | Scheduled Loan Amount | Mortgage loan scheduled principal balance as of cut-off date. For HELOCs, the current drawn amount. | Loan Term and Amortization Type | Numeric – Decimal | 248951.19 | 9(10).99 | Always | >= 0 | ||
36 | Current Interest Rate | The interest rate used to calculate the current P&I or I/O payment. | Loan Term and Amortization Type | Numeric – Decimal | 0.05875 | 9.999999 | Always | > 0 and <= 1 | ||
37 | Current Payment Amount Due | Next Total Payment due to be collected (including principal, interest or both—but Exclude Escrow Amounts). | Loan Term and Amortization Type | Numeric – Decimal | 1250.15 | 9(10).99 | Always | > 0 | ||
38 | Scheduled
Interest Paid Through Date |
Loan Term and Amortization Type | Date | 20090429 | YYYYMMDD | Always | “19010101” if unknown | |||
39 | Current Payment Status | Number of payments the borrower is past due as of the securitization cut-off date. | Loan Term and Amortization Type | Numeric – Integer | 3 | 99 | Always | >= 0 | ||
40 | Index Type | Specifies the type of index to be used to determine the interest rate at each adjustment. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 18 | 99 | ARMs Only | See Coding | See Appendix B | |
41 | ARM Look-back Days | The number of days prior to the interest rate adjustment date to retrieve the index value. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 45 | 99 | ARMs Only | >= 0 to <=99 | ||
42 | Gross Margin | The percentage stated on the mortgage note representing the spread between the ARM Index value and the mortgage interest rate. The gross mortgage margin is added to the index value to establish a new gross interest rate in the manner prescribed on the mortgage note. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.03 | 9.999999 | ARMs Only | >0 and <= 1 | ||
43 | ARM Round Flag | An indicator of whether an adjusted interest rate is rounded to the next higher ARM round factor, to the next lower round factor, or to the nearest round factor. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 3 | 9 | ARMs Only | See Coding | 0 = No Rounding 1 = Up 2 = Down 3 = Nearest 99=Unknown |
|
44 | ARM Round Factor | The percentage to which an adjusted interest rate is to be rounded. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.0025 or 0.00125 | 9.999999 | ARMs Only Where ARM Round Flag = 1, 2, or 3 |
>= 0 and < 1 | ||
45 | Initial Fixed Rate Period | For hybrid ARMs, the period between the first payment date of the mortgage and the first interest rate adjustment date. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 60 | 999 | Hybrid ARMs Only | >= 1 to <=240 | ||
46 | Initial Interest Rate Cap (Change Up) | The maximum percentage by which the mortgage note rate may increase at the first interest rate adjustment date. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.02 | 9.999999 | ARMs Only | >= 0 and <= 1 | 99=no cap | |
47 | Initial Interest Rate Cap (Change Down) | The maximum percentage by which the mortgage note rate may decrease at the first interest rate adjustment date. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.02 | 9.999999 | ARMs Only | >= 0 and <= 1 | 99=no cap | |
48 | Subsequent Interest Rate Reset Period | The number of months between subsequent rate adjustments. | Adjustable Rate Mortgages (ARMs) | Numeric – Integer | 60 | 999 | ARMs Only | >=0 and <= 120 | 0 = Loan does not adjust after initial reset | |
49 | Subsequent Interest Rate (Change Down) | The maximum percentage by which the interest rate may decrease at each rate adjustment date after the initial adjustment. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.02 | 9.999999 | ARMs Only | >= 0 and <= 1 | 99=no cap | |
50 | Subsequent Interest Rate Cap (Change Up) | The maximum percentage by which the interest rate may increase at each rate adjustment date after the initial adjustment. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.02 | 9.999999 | ARMs Only | >= 0 and <= 1 | 99=no cap | |
51 | Lifetime Maximum Rate (Ceiling) | The maximum interest rate that can be in effect during the life of the loan. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.125 | 9.999999 | ARMs Only | >= 0 and <= 1 | =1 if no ceiling specified | |
52 | Lifetime Minimum Rate (Floor) | The minimum interest rate that can be in effect during the life of the loan. | Adjustable Rate Mortgages (ARMs) | Numeric – Decimal | 0.015 | 9.999999 | ARMs Only | >= 0 and <= 1 | If no floor is specified enter the greater of the margin or 0. | |
53 | Negative Amortization Limit | The maximum amount of negative amortization allowed before recast is required. (Expressed as a percentage of the original unpaid principal balance.) | Negative Amortization | Numeric – Decimal | 1.25 | 9.999999 | Negatively Amortizing ARMs Only | >=0, and <2 | ||
54 | Initial Negative Amortization Recast Period | The number of months in which the payment is required to recast if the loan does not reach the prescribed maximum balance earlier. | Negative Amortization | Numeric – Integer | 60 | 999 | Negatively Amortizing ARMs Only | >=0 | ||
55 | Subsequent Negative Amortization Recast Period | The number of months after which the payment is required to recast AFTER the first recast period. | Negative Amortization | Numeric – Integer | 48 | 999 | Negatively Amortizing ARMs Only | >=0 | ||
56 | Initial Fixed Payment Period | Number of months after origination during which the payment is fixed. | Negative Amortization | Numeric – Integer | 60 | 999 | Negatively Amortizing Hybrid ARMs Only | >= 0 to <=120 | ||
57 | Subsequent Payment Reset Period | Number of months between payment adjustments after first payment reset. | Negative Amortization | Numeric – Integer | 12 | 999 | Negatively Amortizing ARMs Only | >= 0 to <=120 | ||
58 | Initial Periodic Payment Cap | The maximum percentage by which a payment can change (increase or decrease) in the first period. | Negative Amortization | Numeric – Decimal | 0.075 | 9.999999 | Negatively Amortizing ARMs Only | >= 0 and < 1 | ||
59 | Subsequent Periodic Payment Cap | The maximum percentage by which a payment can change (increase or decrease) in one period after the initial cap. | Negative Amortization | Numeric – Decimal | 0.075 | 9.999999 | Negatively Amortizing ARMs Only | >= 0 and < 1 | ||
60 | Initial Minimum Payment Reset Period | The maximum number of months a borrower can initially pay the minimum payment before a new minimum payment is determined. | Negative Amortization | Numeric – Integer | 12 | 999 | Negatively Amortizing ARMs Only | >= 0 to <=120 | ||
61 | Subsequent Minimum Payment Reset Period | The maximum number of months (after the initial period) a borrower can pay the minimum payment before a new minimum payment is determined after the initial period. | Negative Amortization | Numeric – Integer | 12 | 999 | Negatively Amortizing ARMs Only | >= 0 to <=120 | ||
62 | Option ARM Indicator | An indicator of whether the loan is an Option ARM. | Negative Amortization | Numeric – Integer | 1 | 99 | ARMs Only | See Coding | 0 = No 1 = Yes 99 = Unknown |
|
63 | Options at Recast | The means of computing the lowest monthly payment available to the borrower after recast. | Option ARM | Numeric – Integer | 2 | 99 | Option ARMs Only | N/A | 1= Fully amortizing 30 year 2= Fully amortizing 15 year 3=Fully amortizing 40 year 4 = Interest-Only 5 = Minimum Payment 99= Unknown |
|
64 | Initial Minimum Payment | The initial minimum payment the borrower is permitted to make. | Option ARM | Numeric – Decimal | 879.52 | 99 | Option ARMs Only | >=0 | ||
65 | Current Minimum Payment | Current Minimum Payment (in dollars). | Negative Amortization | Numeric – Decimal | 250 | 9(10).99 | Option ARMs Only | >= 0 | ||
66 | Prepayment Penalty Calculation | A description of how the prepayment penalty would be calculated during each phase of the prepayment penalty term. | Prepayment Penalties | Numeric – Integer | 12 | 99 | Always | See Coding | See Appendix C | |
67 | Prepayment Penalty Type | • Hard: The prepayment penalty is incurred regardless of the reason the loan is prepaid in full. • Hybrid: The prepayment penalty can be characterized as hard for a certain amount of time and as soft during another period. |
Prepayment Penalties | Numeric – Integer | 1 | 99 | All loans with Prepayment Penalties (i.e., loans for which Field 66 = something other than “0”) | See Coding | 1 = Hard 2 = Soft 3 = Hybrid 99 = Unknown |
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68 | Prepayment Penalty Total Term | The total number of months that the prepayment penalty may be in effect. | Prepayment Penalties | Numeric – Integer | 60 | 999 | All loans with Prepayment Penalties (i.e., loans for which Field 66 = something other than “0”) | >0 to <=120 | ||
69 | Prepayment Penalty Hard Term | For hybrid prepayment penalties, the number of months during which a “hard” prepayment penalty applies. | Prepayment Penalties | Numeric – Integer | 12 | 999 | Loans with Hybrid Prepayment Penalties (i.e., loans for which Field 67 = “3”) | >= 0 to <=120 | ||
70 | Primary Borrower ID | A lender-generated ID number for the primary borrower on the mortgage | Borrower | Numeric—Integer | 123456789 | 999999999 | Always | >0 | Used to identify the number of times a single borrower appears in a given deal. | |
71 | Number of Mortgaged Properties | The number of residential properties owned by the borrower that currently secure mortgage loans. | Borrower | Numeric – Integer | 1 | 99 | Always | > 0 | ||
72 | Total Number of Borrowers | The number of Borrowers who are obligated to repay the mortgage note. | Borrower | Numeric – Integers | 2 | 99 | Always | > 0 | ||
73 | Self-employment Flag | An indicator of whether the primary borrower is self-employed. | Borrower | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
|
74 | Current ‘Other’ Monthly Payment | The aggregate of all payments pertaining to the subject property other than principal and interest (includes common charges, condo fees, T&I, HOA, etc.), whether escrowed or not. | Loan Term and Amortization Type | Numeric – Decimal | 1789.25 | 9(10).99 | Always | > 0 | ||
75 | Length of Employment: Borrower | The number of years of service with the borrower’s current employer as of the date of the loan. | Borrower Qualification | Numeric – Decimal | 3.5 | 99.99 | Always | >=0 | 99 = Retired, None employment income soure (social security, trust income, dividends, etc.) | |
76 | Length of Employment: Co-Borrower | The number of years of service with the co-borrower’s current employer as of the date of the loan. | Borrower Qualification | Numeric – Decimal | 3.5 | 99.99 | If “Total Number of Borrowers” > 1 | >= 0 | 99 = Retired, None employment income soure (social security, trust income, dividends, etc.) | |
77 | Years in Home | Length of time that the borrower has been at current address. | Borrower Qualification | Numeric – Decimal | 14.5 | 99.99 | Refinances of Primary Residences Only (Loan Purpose = 1, 2, 3, 4, 8 or 9) | > 0 | ||
78 | FICO Model Used | Indicates whether the FICO score was calculated using the Classic, Classic 08, or Next Generation model. | Borrower Qualification | Numeric – Integer | 1 | 99 | If a FICO score was obtained | See Coding | 1 = Classic 2 = Classic 08 3 = Next Generation 99 = Unknown |
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79 | Most Recent FICO Date | Specifies the date on which the most recent FICO score was obtained | Borrower Qualification | Date | 20090914 | YYYYMMDD | If a FICO score was obtained | “19010101” if unknown | Issuers unable to Provide may Rep and Warrant that the FICO score used for underwriting was not more than 4 months old at the date of issuance. | |
80 | Primary Wage Earner Original FICO: Equifax | Equifax FICO score for primary borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a FICO score was obtained | >= 350 and <= 850 | ||
81 | Primary Wage Earner Original FICO: Experian | Experian FICO score for primary borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a FICO score was obtained | >= 350 and <= 850 | ||
82 | Primary Wage Earner Original FICO: TransUnion | TransUnion FICO score for primary borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a FICO score was obtained | >= 350 and <= 850 | ||
83 | Secondary Wage Earner Original FICO: Equifax | Equifax FICO score for Co-borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If “Total Number of Borrowers” > 1 | >= 350 and <= 850 | ||
84 | Secondary Wage Earner Original FICO: Experian | Experian FICO score for Co-borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If “Total Number of Borrowers” > 1 | >= 350 and <= 850 | ||
85 | Secondary Wage Earner Original FICO: TransUnion | TransUnion FICO score for Co-borrower (if applicable). | Borrower Qualification | Numeric – Integer | 720 | 9999 | If “Total Number of Borrowers” > 1 | >= 350 and <= 850 | ||
86 | Most Recent Primary Borrower FICO | Most Recent Primary Borrower FICO score used by the lender to approve the loan. | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a FICO score was obtained | >= 350 and <= 850 | ||
87 | Most Recent Co-Borrower FICO | Most Recent Co-Borrower FICO score used by the lender to approve the loan. | Borrower Qualification | Numeric – Integer | 720 | 9999 | If “Total Number of Borrowers” > 1 | >= 350 and <= 850 | ||
88 | Most Recent FICO Method | Number of credit repositories used to update the FICO Score. | Borrower Qualification | Numeric – Integer | 2 | 9 | If a FICO score was obtained | >0 | ||
89 | VantageScore: Primary Borrower | Credit Score for the Primary Borrower used to approve the loan and obtained using the Vantage credit evaluation model. | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a Vantage Credit Score was obtained | >= 501 and <= 990 | ||
90 | VantageScore: Co-Borrower | Credit Score for the Co-borrower used to approve the loan and obtained using the Vantage credit evaluation model. | Borrower Qualification | Numeric – Integer | 720 | 9999 | If a VantageScore was obtained AND “Total Number of Borrowers” > 1 | >= 501 and <= 990 | ||
91 | Most Recent VantageScore Method | Number of credit repositories used to update the Vantage Score. | Borrower Qualification | Numeric – Integer | 2 | 9 | If a Vantage Credit Score was obtained | >0 | ||
92 | VantageScore Date | Date Vantage Credit Score was obtained. | Borrower Qualification | Date | 20090914 | YYYYMMDD | If a Vantage Credit Score was obtained | “19010101” if unknown | ||
93 | Credit Report: Longest Trade Line | The length of time in months that the oldest active trade line, installment or revolving, has been outstanding. For a loan with more than one borrower, populate field based on status for the primary borrower. | Borrower Qualification | Numeric – Integer | 999 | 999 | Always | > =0 | Subject to Regulatory Confirmation | |
94 | Credit Report: Maximum Trade Line | The dollar amount for the trade line, installment or revolving, with the largest unpaid balance. For revolving lines of credit, e.g. credit card, the dollar amount reported should reflect the maximum amount of credit available under the credit line whether used or not. For a loan with more than one borrower, populate field based on status for the primary borrower. | Borrower Qualification | Numeric – Decimal | 339420.19 | 9(10).99 | Always | >=0 | Subject to Regulatory Confirmation | |
95 | Credit Report: Number of Trade Lines | A count of non-derogatory, currently open and active, consumer trade lines (installment or revolving) for the borrower. For a loan with more than one borrower, populate field based on status for the primary borrower. | Borrower Qualification | Numeric – Integer | 57 | 999 | Always | >=0 | Subject to Regulatory Confirmation | |
96 | Credit Line Usage Ratio | Sum of credit balances divided by sum of total open credit available. | Borrower Qualification | Numeric – Decimal | 0.27 | 9.999999 | Always | >= 0 and <= 1 | Subject to Regulatory Confirmation | |
97 | Most Recent 12-month Pay History | String indicating the payment status per month listed from oldest to most recent. | Borrower Qualification | Text | 77X123200001 | X(12) | Always | See Coding | 0 = Current 1 = 30-59 days delinquent 2 = 60-89 days delinquent 3 = 90-119 days delinquent 4 = 120+ days delinquent 5 = Foreclosure 6 = REO 7 = Loan did not exist in period X = Unavailable |
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98 | Months Bankruptcy | Number of months since any borrower was discharged from bankruptcy. (Issuers unable to provide this information may rep and warrant that at least x years—as specified in the loan program—have passed since most recent discharge from bankruptcy.) | Borrower Qualification | Numeric – Integer | 12 | 999 | If Borrower has ever been in Bankruptcy | >= 0 | Blank = Borrower is not known to have been in bankruptcy | |
99 | Months Foreclosure | Number of months since foreclosure sale date. (Issuers unable to provide this information may rep and warrant that at least x years—as specified in the loan program— have passed since most recent foreclosure.) | Borrower Qualification | Numeric – Integer | 12 | 999 | If Borrower has ever been in Foreclosure | >= 0 | Blank = Borrower is not known to have been in foreclosure | |
100 | Primary Borrower Wage Income | Monthly base wage income for primary borrower. | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | Always | >= 0 | ||
101 | Co-Borrower Wage Income | Monthly base wage income for all other borrowers. | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | If “Total Number of Borrowers” > 1 | >= 0 | ||
102 | Primary Borrower Other Income | Monthly Other (non-wage) income for primary borrower. (This figure should include net rental income and be reduced by any net rental loss.) | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | Always | >= 0 | ||
103 | Co-Borrower Other Income | Monthly Other (non-wage) income for all other borrowers. (This figure should include net rental income and be reduced by any net rental loss.) | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | If “Total Number of Borrowers” > 1 | >= 0 | ||
104 | All Borrower Wage Income | Monthly income of all borrowers derived from base salary only. | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | Always | >= 0 | ||
105 | All Borrower Total Income | Monthly income of all borrowers derived from base salary, commission, tips and gratuities, overtime and bonuses, part-time or second-job earnings, alimony, child support, interest and dividend income, notes receivable, trust income, net rental income, retirement income, social security, veterans income, military income, foster care income, and self-employed income. | Borrower Qualification | Numeric – Decimal | 9000 | 9(9).99 | Always | >= 0 | ||
106 | 4506-T Indicator | A yes/no indicator of whether a Transcript of Tax Return (received pursuant to the filing of IRS Form 4506-T) was obtained and considered. | Borrower Qualification | Numeric – Integer | 1 | 99 | Always | See Coding | 0 = No 1 = Yes 99 = Unknown |
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107 | Borrower Income Verification Level | A code indicating the extent to which the borrower’s income has been verified: Level 4 Income Verification = [W-2 (Prev. Yr.) OR TAX RETURNS* (Prev. Yr.)] AND PAY STUBS (YTD (at least one month)–if salaried) Level 5 Income Verification = 24 months income verification (W-2s, pay stubs, bank statements and/or tax returns**) *For self-employed
borrowers: Level 4 Income Verification:
|
Borrower Qualification | Numeric – Integer | 1 | 9 | Always | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, “Level 4” Verified (as defined) 5 = Stated, “Level 5” Verified (as defined) |
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108 | Co-Borrower Income Verification | A code indicating the extent to which the co-borrower’s income has been verified: Level 4 Income Verification = [W-2 (Prev. Yr.) OR TAX RETURNS* (Prev. Yr.)] AND PAY STUBS (YTD (at least one month)–if salaried) Level 5 Income Verification = 24 months income verification (W-2s, pay stubs, bank statements and/or tax returns**) *For self-employed borrowers:
Level 4 Income Verification: |
Borrower Qualification | Numeric – Integer | 2 | 9 | If “Total Number of Borrowers” > 1 | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, “Level 4” Verified (as defined) 5 = Stated, “Level 5” Verified (as defined) |
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109 | Borrower Employment Verification | A code indicating the extent to which the primary borrower’s employment has been verified: Level 3 Verified = Direct Independent Verification with a third party of the borrower’s current employment. |
Borrower Qualification | Numeric – Integer | 2 | 9 | Always | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, Level 3 Verified (as defined) |
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110 | Co-Borrower Employment Verification | A code indicating the extent to which the co-borrower’s employment has been verified: Level 3 Verified = Direct Independent Verification with a third party of the co-borrower’s current employment. |
Borrower Qualification | Numeric – Integer | 1 | 9 | If “Total Number of Borrowers” > 1 | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, Level 3 Verified (as defined) |
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111 | Borrower Asset Verification | A code indicating the extent to which the primary borrower’s assets used to qualify the loan have been verified: Level 4 Verified = 2 months of bank statements/balance documentation (written or electronic) for liquid assets (or gift letter). |
Borrower Qualification | Numeric – Integer | 3 | 9 | Always | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, Level 4 Verified (as defined) |
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112 | Co-Borrower Asset Verification | A code indicating the extent to which the co-borrower’s assets used to qualify the loan have been verified: Level 4 = 2 months of bank statements/balance documentation (written or electronic) for liquid assets (or gift letter). |
Borrower Qualification | Numeric – Integer | 2 | 9 | If “Total Number of Borrowers” > 1 | See Coding | 1 = Not Stated, Not Verified 2 = Stated, Not Verified 3 = Stated, “Partially” Verified 4 = Stated, Level 4 Verified (as defined) |
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113 | Liquid / Cash Reserves | The actual dollar amount of remaining verified liquid assets after settlement. (This should not include cash out amount of subject loan.) | Borrower Qualification | Numeric – Decimal | 3242.76 | 9(9).99 | Always | >= 0 | ||
114 | Monthly Debt All Borrowers | The aggregate monthly payment due on other debt (excluding only installment loans with fewer than 10 payments remaining and other real estate loans used to compute net rental income-- which is added/subtracted in the income fields). | Borrower Qualification | Numeric – Decimal | 3472.43 | 9(9).99 | Always | >= 0 | ||
115 | Originator DTI | Total Debt to income ratio used by the originator to qualify the loan. | Borrower Qualification | Numeric – Decimal | 0.35 | 9.999999 | Always | >= 0 and >= 1 | ||
116 | Fully Indexed Rate | The fully indexed interest rate as of securitization cut-off. | Borrower Qualification | Numeric – Decimal | 0.0975 | 9.999999 | ARMs Only | >= 0 and >= 1 | ||
117 | Qualification Method | Type of mortgage payment used to qualify the borrower for the loan. | Borrower Qualification | Numeric – Integer | 3 | 99 | Always | See Coding | 1 = Start Rate 2 = First Year Cap Rate 3 = I/O Amount 4 = Fully Indexed 5 = Min Payment 98 = Other 99 = Unknown |
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118 | Percentage of Down Payment from Borrower Own Funds | Include only borrower funds, do not include any gift or borrowed funds. (Issuers may provide the actual percentage for each loan, or the guideline percentage and note departure concentration on the transaction summary.) | Borrower Qualification | Numeric – Decimal | 0.5 | 9.999999 | Purchase Loans Only | >= 0 and >= 1 | ||
119 | City | The name of the city. | Subject Property | Text | New York | X(45) | Always | Unk=Unknown | ||
120 | State | The name of the state as a 2-digit Abbreviation. | Subject Property | Text | NY | XX | Always | See Coding | See Appendix H | |
121 | Postal Code | The postal code (zip code in the US) where the subject property is located. | Subject Property | Text | 10022 | X(5) | Always | Unk=Unknown | ||
122 | Property Type | Specifies the type of property being used to secure the loan. | Subject Property | Numeric – Integer | 11 | 99 | Always | See Coding | See Appendix D | |
123 | Occupancy | Specifies the property occupancy status (e.g., owner-occupied, investment property, second home, etc.). | Subject Property | Numeric – Integer | 4 | 9 | Always | See Coding | See Appendix E | |
124 | Sales Price | The negotiated price of a given property between the buyer and seller. | Subject Property | Numeric – Decimal | 450000.23 | 9(10).99 | Purchase Loans Only | > 0 | ||
125 | Original Appraised Property Value | The appraised value of the property used to approve the loan. | Subject Property | Numeric – Decimal | 550000.23 | 9(10).99 | Always | > 0 | ||
126 | Original Property Valuation Type | Specifies the method by which the property value (at the time of underwriting) was reported. | Subject Property | Numeric – Integer | 8 | 99 | Always | See Coding | See Appendix F | |
127 | Original Property Valuation Date | Specifies the date on which the original property value (at the time of underwriting) was reported. (Issuers unable to provide may Rep and Warrant that the appraisal used for underwriting was not more than x days old at time of loan closing.) | Subject Property | Date | 20090914 | YYYYMMDD | Always | “19010101” if unknown | ||
128 | Original Automated Valuation Model (AVM) Model Name | The name of the AVM Vendor if an AVM was used to determine the original property valuation. | Subject Property | Numeric – Integer | 1 | 99 | Always | See Appendix I | See Appendix I | |
129 | Original AVM Confidence Score | The confidence range presented on the AVM report. | Subject Property | Numeric – Decimal | 0.74 | 9.999999 | If AVM Model Name (Field 127) > 0 | >= 0 to <= 1 | ||
130 | Most Recent Property Value[1] | If a valuation was obtained subsequent to the valuation used to calculate LTV, the most recent property value. | Subject Property | Numeric – Decimal | 500000 | 9(10).99 | If updated value was obtained subsequent to loan approval | > 0 | ||
131 | Most Recent Property Valuation Type | If an additional property valuation was obtained after the valuation used for underwriting purposes, the method by which the property value was reported. | Subject Property | Numeric – Integer | 6 | 9 | If updated value was obtained subsequent to loan approval | See Coding | See Appendix F | |
132 | Most Recent Property Valuation Date | Specifies the date on which the updated property value was reported. | Subject Property | Date | 20090914 | YYYYMMDD | If updated value was obtained subsequent to loan approval | “19010101” if unknown | ||
133 | Most Recent AVM Model Name | The name of the AVM Vendor if an AVM was used to determine the updated property valuation. | Subject Property | Numeric – Integer | 19 | 99 | If updated value was obtained subsequent to loan approval | See Coding | See Appendix I | |
134 | Most Recent AVM Confidence Score | If AVM used to determine the updated property valuation, the confidence range presented on the AVM report. | Subject Property | Numeric – Decimal | 0.85 | 9.999999 | If “Most Recent AVM Model Name” > 0 | >= 0 to <= 1 | ||
135 | Original CLTV | The ratio obtained by dividing the amount of all known outstanding mortgage liens on a property at origination by the lesser of the appraised value or the sales price. The value is then truncated to four decimal places. | Loan-to-Value (LTV) | Numeric – Decimal | 0.96 | 9.999999 | Always | >= 0 and <= 1.5 | ||
136 | Original LTV | The ratio obtained by dividing the original mortgage loan amount on the note date by the lesser of the mortgaged property’s appraised value on the note date or its purchase price. The value is then truncated to four decimal places. | Loan-to-Value (LTV) | Numeric – Decimal | 0.8 | 9.999999 | Always | >= 0 and <= 1.25 | ||
137 | Original Pledged Assets | The total value of assets pledged as collateral for the loan at the time of origination. Pledged assets may include cash or marketable securities. | Loan-to-Value (LTV) | Numeric – Decimal | 75000 | 9(10).99 | Always | >=0 | ||
138 | Mortgage Insurance Company Name | The name of the entity providing mortgage insurance for a loan. | Mortgage Insurance | Numeric – Integer | 3 | 99 | Always | See Coding | See Appendix G | |
139 | Mortgage Insurance Percent | Mortgage Insurance coverage percentage. | Mortgage Insurance | Numeric – Decimal | 0.25 | 9.999999 | “Mortgage Insurance Company Name” > 0 | >= 0 to <= 1 | ||
140 | MI: Lender or Borrower Paid? | An indicator of whether mortgage insurance is paid by the borrower or the lender. | Mortgage Insurance | Numeric – Integer | 1 | 99 | “Mortgage Insurance Company Name” > 0 | See Coding | 1 = Borrower-Paid 2 = Lender- Paid 99 = Unknown |
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141 | Pool Insurance Co. Name | Name of pool insurance provider. | Mortgage Insurance | Numeric – Integer | 8 | 99 | Always | See Coding | See Appendix G | |
142 | Pool Insurance Stop Loss % | The aggregate amount that a pool insurer will pay, calculated as a percentage of the pool balance. | Mortgage Insurance | Numeric – Decimal | 0.25 | 9.999999 | Pool MI Company > 0 | >= 0 to <= 1 | ||
143 | MI Certificate Number | The unique number assigned to each individual loan insured under an MI policy. | Mortgage Insurance | Text | 123456789G | X(20) | MI Company > 0 |
UNK = Unknown | ||
144 | Updated DTI (Front-end) |
Updated front-end DTI ratio (total monthly housing expense divided by total monthly income) used to qualify the loan modification. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.35 | 9.999999 | Modified Loans Only | >= 0 and >= 1 | ||
145 | Updated DTI (Back-end) |
Updated back-end DTI ratio (total monthly debt expense divided by total monthly income) used to qualify the loan modification. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.35 | 9.999999 | Modified Loans Only | >= 0 and >= 1 | ||
146 | Modification Effective Payment Date | Date of first payment due post modification. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Date | 20090914 | YYYYMMDD | Modified Loans Only | “19010101” if unknown | ||
147 | Total Capitalized Amount | Amount added to the principal balance of a loan due to the modification. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 12000 | 9(10).99 | Modified Loans Only | >= 0 | ||
148 | Total Deferred Amount | Any non-interest-bearing deferred amount (e.g., principal, interest and fees). | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 12000 | 9(10).99 | Modified Loans Only | >= 0 | ||
149 | Pre-Modification Interest (Note) Rate | Scheduled Interest Rate Of The Loan Immediately Preceding The Modification Effective Payment Date. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.075 | 9.999999 | Modified Loans Only | >= 0 to <= 1 | ||
150 | Pre-Modification P&I Payment | Scheduled Total Principal And Interest Payment Amount Preceding The Modification Effective Payment Date – or if servicer is no longer advancing P&I, the payment that would be in effect if the loan were current. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 2310.57 | 9(10).99 | Modified Loans Only | > 0 | ||
151 | Pre-Modification Initial Interest Rate Change Downward Cap | Maximum amount the rate can adjust downward on the first interest rate adjustment date (prior to modification) – Only provide if the rate floor is modified. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.015 | 9.999999 | Modified Loans Only | >= 0 to <= 1 | ||
152 | Pre-Modification Subsequent Interest Rate Cap | Maximum increment the rate can adjust upward AFTER the initial rate adjustment (prior to modification) – Only provide if the Cap is modified. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 0.015 | 9.999999 | Modified Loans Only | >= 0 to <= 1 | ||
153 | Pre-Modification Next Interest Rate Change Date | Next Interest Reset Date Under The Original Terms Of The Loan (one month prior to new payment due date). | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Date | 20090914 | YYYYMMDD | Modified Loans Only | “19010101” if unknown | ||
154 | Pre-Modification I/O Term | Interest Only Term (in months) preceding The Modification Effective Payment Date. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Integer | 36 | 999 | Modified Loans Only | >= 0 to <= 120 | ||
155 | Forgiven Principal Amount | The sum total of all principal balance reductions (as a result of loan modification) over the life of the loan. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 12000 | 9(10).99 | Modified Loans Only | >= 0 | ||
156 | Forgiven Interest Amount | The sum total of all interest incurred and forgiven (as a result of loan modification) over the life of the loan. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Decimal | 12000 | 9(10).99 | Modified Loans Only | >= 0 | ||
157 | Number of Modifications | The number of times the loan has been modified. | Loan Modifications (Pertains only to loans modified for loss mitigation purposes) | Numeric – Integer | 1 | 9 | Modified Loans Only | >= 0 | ||
158 | Cash To/From Brrw at Closing | Indicates
the amount of cash the borrower(s) paid into or received at closing. [HUD-1 Bottom Line] + [Earnest money] + [Paid Outside Closing Items] |
Numeric – Decimal | 100000.01 | 9(10).99 | |||||
159 | Brrw - Yrs at in Industry | Number of years the primary borrower has been working in their current industry | Numeric – Decimal | 9.9 | 9.999999 | |||||
160 | CoBrrw - Yrs at in Industry | Number of years the co-borrower has been working in their current industry | Numeric – Decimal | 8 | 9.999999 | |||||
161 | Junior Mortgage Drawn Amount | Applicable if the subject loan is a first mortgage. At the time of origination for the subject loan, the sum of the outstanding balance(s) for any junior mortgages (HELOCs and closed-end). | Numeric – Decimal | 100000.01 | 9(10).99 | |||||
162 | Maturity Date | Maturity date of mortgage | Date | 20420501 | YYYYMMDD | |||||
163 | Primary Borrower Wage Income (Salary) | The primary borrower's salary wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
164 | Primary Borrower Wage Income (Bonus) | The primary borrower's bonus wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
165 | Primary Borrower Wage Income (Commission) | The primary borrower's commission wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
166 | Co-Borrower Wage Income (Salary) | The coborrower's salary wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
167 | Co-Borrower Wage Income (Bonus) | The coborrower's bonus wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
168 | Co-Borrower Wage Income (Commission) | The coborrower's commission wage income | Numeric – Decimal | 10000.44 | 9(10).99 | |||||
169 | Originator Doc Code | Documentation Code value as presented by the seller. | Text | Full | XXXX | |||||
170 | RWT Income Verification | Internal Redwood Derived field. Due Diligence / Trade Desk derived value indicating the level of primary borrower asset verification | Text | 2 Years | XXXX | |||||
171 | RWT Asset Verification | Internal Redwood Derived field. Due Diligence / Trade Desk derived value indicating the level of primary borrower Income verification | Text | 2 Months | XXXX | |||||
MH-1 | Real Estate Interest | Indicates whether the property on which the manufactured home is situated is owned outright or subject to the terms of a short- or long-term lease. (A long-term lease is defined as a lease whose term is greater than or equal to the loan term.) | Manufactured Housing | Numeric – Integer | 2 | 99 | Manufactured Housing Loans Only | See Coding | 1 = Owned 2 = Short-term lease 3 = Long-term lease 99 = Unavailable |
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MH-2 | Community Ownership Structure | If the manufactured home is situated in a community, a means of classifying ownership of the community. | Manufactured Housing | Numeric – Integer | 2 | 99 | Manufactured Housing Loans Only | See Coding | 1 = Public Institutional 2 = Public Non-Institutional 3 = Private Institutional 4 = Private Non-Institutional 5 = HOA-Owned 6 = Non-Community 99 = Unavailable |
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MH-3 | Year of Manufacture | The year in which the home was manufactured (Model Year -- YYYY Format). Required only in cases where a full appraisal is not provided. | Manufactured Housing | Numeric – Integer | 2006 | YYYY | Manufactured Housing Loans Only | 1901 = Unavailable | ||
MH-4 | HUD Code Compliance Indicator (Y/N) | Indicates whether the home was constructed in accordance with the 1976 HUD code. In general, homes manufactured after 1976 comply with this code. | Manufactured Housing | Numeric – Integer | 1 | 9 | Manufactured Housing Loans Only | See Codes | 0 = No 1 = Yes 99 = Unavailable |
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MH-5 | Gross Manufacturer’s Invoice Price | The total amount that appears on the manufacturer’s invoice (typically includes intangible costs such as transportation, association, on-site setup, service and warranty costs, taxes, dealer incentives, and other fees). | Manufactured Housing | Numeric – Decimal | 72570.62 | 9(10).99 | Manufactured Housing Loans Only | >= 0 | ||
MH-6 | LTI (Loan-to-Invoice) Gross | The ratio of the loan amount divided by the Gross Manufacturer’s Invoice Price (Field MH-5). | Manufactured Housing | Numeric – Decimal | 0.75 | 9.999999 | Manufactured Housing Loans Only | >= 0 to <= 1 | ||
MH-7 | Net Manufacturer’s Invoice Price | The Gross Manufacturer’s Invoice Price (Field MH-5) minus intangible costs, including: transportation, association, on-site setup, service, and warranty costs, taxes, dealer incentives, and other fees. | Manufactured Housing | Numeric – Decimal | 61570.62 | 9(10).99 | Manufactured Housing Loans Only | >= 0 | ||
MH-8 | LTI (Net) | The ratio of the loan amount divided by the Net Manufacturer’s Invoice Price (Field MH-7). | Manufactured Housing | Numeric – Decimal | 0.62 | 9.999999 | Manufactured Housing Loans Only | >= 0 to <= 1 | ||
MH-9 | Manufacturer Name | The manufacturer of the subject property. (To be applied only in cases where no appraised value/other type of property valuation is available.) | Manufactured Housing | Text | “XYZ Corp” | Char (100) | Manufactured Housing Loans Only (where no appraised value is provided) | MH Manufacturer name in double quotation marks | ||
MH-10 | Model Name | The model name of the subject property. (To be applied only in cases where no appraised value/other type of property valuation is available.) | Manufactured Housing | Text | “DX5-916-X” | Char (100) | Manufactured Housing Loans Only (where no appraised value is provided) | MH Model name in double quotation marks | ||
MH-11 | Down Payment Source | An indicator of the source of the down payment used by the borrower to acquire the property and qualify for the mortgage. | Manufactured Housing | Numeric – Integer | 2 | 99 | Manufactured Housing Loans Only | See Codes | 1 = Cash 2 = Proceeds from trade in 3 = Land in Lieu 4 = Other 99 = Unavailable |
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MH-12 | Community/Related Party Lender (Y/N) | An indicator of whether the loan was made by the community owner, an affiliate of the community owner or the owner of the real estate upon which the collateral is located. | Manufactured Housing | Numeric – Integer | 1 | 99 | Manufactured Housing Loans Only | See Codes | 0 = No 1 = Yes 99 = Unavailable |
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MH-13 | Defined Underwriting Criteria (Y/N) | An indicator of whether the loan was made in accordance with a defined and/or standardized set of underwriting criteria. | Manufactured Housing | Numeric – Integer | 1 | 99 | Manufactured Housing Loans Only | See Codes | 0 = No 1 = Yes 99 = Unavailable |
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MH-14 | Chattel Indicator | An Indicator of whether the secured property is classified as chattel or Real Estate. | Manufactured Housing | Numeric – Integer | 1 | 99 | Manufactured Housing Loans Only | See Codes | 0 = Real
Estate 1 = Chattel 99 = Unavailable |
ATTACHMENT 2
PURCHASE AGREEMENT
EXHIBIT 10.16
EXECUTION COPY
SEQUOIA MORTGAGE TRUST 2012-5
MORTGAGE PASS-THROUGH CERTIFICATES
MORTGAGE LOAN PURCHASE AND SALE AGREEMENT
Between
REDWOOD RESIDENTIAL ACQUISITION CORPORATION,
and
SEQUOIA RESIDENTIAL FUNDING, INC.
dated as of October 30, 2012
MORTGAGE LOAN PURCHASE AND SALE AGREEMENT
This Mortgage Loan Purchase and Sale Agreement (the “Agreement”) is made as of October 30, 2012, by and between Redwood Residential Acquisition Corporation, a Delaware corporation (“RRAC”), and Sequoia Residential Funding, Inc., a Delaware corporation (“Sequoia”).
WHEREAS, the parties hereto desire to provide for the purchase and sale of the Mortgage Loans on the date hereof (the “Closing Date”) in accordance with the terms and conditions set forth in this Agreement.
NOW, THEREFORE, the parties in consideration of good and valuable and fair consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound, hereby agree as follows:
Section 1. Representations and Warranties of RRAC and Sequoia. RRAC and Sequoia, each as to itself and not the other, hereby represents, warrants and agrees for the benefit of the other party that:
(a) Authorization. The execution, delivery and performance of this Agreement by it are within its respective powers and have been duly authorized by all necessary action on its part.
(b) No Conflict. The execution, delivery and performance of this Agreement will not violate or conflict with (i) its charter or bylaws, (ii) any resolution or other corporate action by it, or (iii) any decisions, statutes, ordinances, rulings, directions, rules, regulations, orders, writs, decrees, injunctions, permits, certificates or other requirements of any court or other governmental or public authority in any way applicable to or binding upon it, and will not result in or require the creation, except as provided in or contemplated by this Agreement, of any lien, mortgage, pledge, security interest, charge or encumbrance of any kind upon the Mortgage Loans.
(c) Binding Obligation. This Agreement has been duly executed by it and is its legally valid and binding obligation, enforceable against it in accordance with this Agreement’s terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally, and by general principles of equity.
Section 2. Additional Representations, Warranties and Agreements of RRAC.
(a) Title and Mortgage Loan Schedule. RRAC represents and warrants to, and agrees with, Sequoia that (i) on the Closing Date, RRAC will have good, valid and marketable title to the mortgage loans identified on Schedule A hereto (the “Mortgage Loans”), in each case free and clear of all liens, mortgages, deeds of trust, pledges, security interests, charges, encumbrances or other claims; (ii) upon transfer to Sequoia, Sequoia will receive good, valid and marketable title to all of the Mortgage Loans, in each case free and clear of any liens, mortgages, deeds of trust, pledges, security interests, charges, encumbrances or other claims; and (iii) (1) as to each Mortgage Loan that is not a Mortgage Loan originated by First Republic Bank (“First Republic”) and purchased by RRAC from Barclays Bank PLC (an “FRB Barclays Loan”), as of the date on which RRAC purchased such Mortgage Loan from American Pacific Mortgage Corporation (“American Pacific”), Benchmark Bank (“Benchmark”), Boston Private Bank & Trust Company (“Boston Private”), Castle & Cooke Mortgage, LLC, (“Castle & Cooke”), Cherry Creek Mortgage Co., Inc. (“Cherry Creek”), Cole Taylor Bank (“Cole Taylor”), Colonial Savings, F.A. (“Colonial”), Cornerstone Mortgage Company (“Cornerstone”), Embrace Home Loans, Inc. (“Embrace”), Evergreen Moneysource Mortgage Company dba Evergreen Home Loans (“Evergreen”), Fairway Independent Mortgage Corporation (“Fairway”), Fidelity Bank dba Fidelity Bank Mortgage (“Fidelity”), First Republic, Flagstar Capital Markets Corporation (“Flagstar”), Franklin American Mortgage Company (“Franklin”), Fremont Bank (“Fremont”), GuardHill Financial Corporation (“GuardHill”), Guild Mortgage Company (“Guild”), The Huntington National Bank (“Huntington”), Megastar Financial Corporation (“Megastar”), Monarch Bank (“Monarch”), Paramount Equity Mortgage (“Paramount”), Plaza Home Mortgage, Incorporated (“Plaza”), PHH Mortgage Corporation (“PHH”), PrimeLending, a PlainsCapital Company (“PrimeLending”), Prospect Mortgage, LLC (“Prospect”), Provident Savings Bank (“Provident”), Simonich Corporation, dba Bank of Commerce Mortgage (“Simonich”), Sterling Savings Bank (“Sterling”), Stifel Bank and Trust (“Stifel”), Umpqua Bank (“Umpqua”), United Shore Financial Services, LLC (“United Shore”) or Wintrust Mortgage, a division of Barrington Bank and Trust Company, N.A. (“Wintrust”), as applicable (each, an “Originator”), and (2) as to each FRB Barclays Loan, as of the date on which Barclays Bank PLC purchased such Mortgage Loan from First Republic, the information set forth in the Mortgage Loan Schedule in the fields identified as “Document Type,” “Monthly Income” and “Assets Verified” is complete, true and correct in all material respects.
(b) Additional Representations. RRAC represents and warrants to, and agrees with, Sequoia that, as of the Closing Date:
(i) As to each Mortgage Loan, the lien of the Mortgage is free and clear of all adverse claims, liens and encumbrances having priority over the first lien of the Mortgage subject only to (1) the lien of non-delinquent current real property taxes and assessments not yet due and payable, (2) covenants, conditions and restrictions, rights of way, easements and other matters of the public record as of the date of recording which are acceptable to mortgage lending institutions generally and which do not adversely affect the appraised value of the Mortgaged Property as set forth in such appraisal and (3) other matters to which like properties are commonly subject which do not materially interfere with the benefits of the security intended to be provided by the Mortgage or the use, enjoyment, value or marketability of the related Mortgaged Property.
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(ii) As to each Mortgage Loan transferred to RRAC pursuant to the PHH Agreement, the related Mortgaged Property is located in the U.S. or a territory of the U.S. and consists of a one- to four-unit residential property, which may include, but is not limited to, a single-family dwelling, townhouse, condominium unit, or unit in a planned unit development or, in the case of a Cooperative Loan (as defined in the PHH Agreement), one or more leases or occupancy agreements.
(iii) To the actual knowledge of RRAC, each Mortgage Loan constitutes a “qualified mortgage” under Section 860G(a)(3)(A) of the Code and Treasury Regulation Section 1.860-2(a)(1).
(iv) As of the Closing Date, the most recent FICO score listed on the Mortgage Loan Schedule was no more than four months old.
(v) As to each Mortgage Loan transferred to RRAC pursuant to the PrimeLending Agreement, the Sterling Agreement or the Wintrust Agreement, no Mortgage Loan is subject to a lost note affidavit.
(vi) As to each Mortgage Loan, with respect to any hazard or mortgage insurance covering such a Mortgage Loan and the related Mortgaged Property, the Originator has not engaged in, and RRAC has no knowledge of the Mortgagor’s having engaged in any act or omission that would impair the coverage of any such policy, the benefits of the endorsement, or the validity and binding effect of either, including without limitation, no unlawful fee, commission, kickback, or other unlawful compensation or value of any kind as has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by the Originator.
(vii) As to each Mortgage Loan subject to the Flow Mortgage Loan Sale and Servicing Agreement dated as of July 1, 2010, between RRAC and First Republic, as amended by the Assignment, Assumption and Recognition Agreement dated October 30, 2012 among RRAC, Sequoia, the Trustee and First Republic (the “FRB Agreement”), no fraud or material error, omission, misrepresentation, negligence or similar occurrence with respect to a Mortgage Loan has taken place on the part of the Originator, any correspondent or mortgage broker involved in the origination of such Mortgage Loan, the Mortgagor, or any appraiser or other party involved in the origination of the Mortgage Loan or in the application of any insurance in relation to such Mortgage Loan.
(viii) As to each Mortgage Loan subject to the FRB Agreement, the servicing of such Mortgage Loan prior to the Closing Date complied in all material respects with all then-applicable federal, state and local laws.
(ix) As to each Mortgage Loan that is secured by a long-term residential lease (a “Lease”):
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(A) The terms of the Lease expressly permit the mortgaging of the leasehold estate, the assignment of the Lease without the lessor’s consent (or the lessor’s consent has been obtained and is in the Mortgage File), and the acquisition by the holder of the Mortgage of the rights of the lessee upon foreclosure or assignment in lieu of foreclosure or provide the holder of the Mortgage with substantially similar protection.
(B) The terms of the Lease do not allow the termination thereof upon the lessee’s default without the holder of the Mortgage being entitled to receive written notice, and opportunity to cure, such default or prohibit the holder of the Mortgage from being insured under the hazard insurance policy related to the Mortgaged Property.
(C) The original term of the Lease is not less than 15 years and the Lease does not terminate by its terms prior to at least five years from the maturity date of the Mortgage Loan.
(D) The Mortgaged Property is located in a jurisdiction in which the use of leasehold estates for residential properties is an accepted practice.
(x) As to each Mortgage Loan subject to the Huntington Agreement, there is no homestead or other exemption available to the Mortgagor which would interfere with the right to sell the Mortgaged Property at a trustee’s sale or the right to foreclose on the Mortgage.
(c) Security Interest Matters. RRAC hereby represents and warrants for the benefit of Sequoia and the Trustee (as defined in the Pooling and Servicing Agreement, dated as of October 1, 2012 (as in effect on the date of execution hereof, the “Pooling and Servicing Agreement”) among Sequoia, as depositor, Wells Fargo Bank, N.A., as master servicer and securities administrator, and Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee) (as assignee of Sequoia): (i) Section 5 of this Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Mortgage Loans in favor of Sequoia, which security interest is prior to all other Liens, and is enforceable as such as against creditors of and purchasers from RRAC; (ii) the Mortgage Notes constitute “instruments” within the meaning of the applicable UCC; (iii) RRAC, immediately prior to its transfer of Mortgage Loans under this Agreement, will own and have good, valid and marketable title to the Mortgage Loans free and clear of any Lien, claim or encumbrance of any Person; (iv) RRAC has received all consents and approvals required by the terms of the Mortgage Loans to the sale of the Mortgage Loans hereunder to Sequoia; (v) all original executed copies of each Mortgage Note that constitute or evidence the Mortgage Loans have been delivered to the Custodian (as assignee of Sequoia); (vi) RRAC has received a written acknowledgment from the Custodian that such Custodian is holding the Mortgage Notes that constitute or evidence the Mortgage Loans solely on behalf and for the benefit of Sequoia or its assignee; (vii) other than the ownership or security interest granted to Sequoia pursuant to this Agreement and security interests granted to lenders which will be automatically released on the Closing Date, RRAC has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Mortgage Loans; RRAC has not authorized the filing of and is not aware of any financing statements against it that include a description of collateral covering the Mortgage Loans other than any financing statement relating to the ownership or security interest granted to Sequoia hereunder or that will be automatically released upon the sale to Sequoia; (viii) RRAC is not aware of any judgment or tax lien filing against itself; and (ix) none of the Mortgage Notes that constitute or evidence the Mortgage Loans have any marks or notations indicating that they have been pledged, assigned or otherwise conveyed to any Person other than Sequoia.
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(d) Cure, Repurchase or Substitution Obligation. In the event of a breach of any of the representations and warranties of RRAC specified in this Section 2 that materially adversely affects the value of a Mortgage Loan or the interest therein of the Certificateholders (as assignees of Sequoia), RRAC will cure the breach, or repurchase or substitute for such Mortgage Loan or make an indemnification payment with respect thereto pursuant to Section 2.04 of the Pooling and Servicing Agreement and Section 3 below.
In the event of a breach of any of the representations and warranties of an Originator under any of the Purchase Agreements specified on Schedule B hereto that materially and adversely affects the value of a Mortgage Loan or the interest therein of the Certificateholders (as assignees of Sequoia), if the applicable Originator is unable to cure, repurchase or substitute the related Mortgage Loan or make an indemnification payment with respect thereto pursuant to the terms of the applicable Purchase Agreement because such Originator is the subject of a Bankruptcy or insolvency proceeding or no longer in existence, then RRAC will cure the breach or repurchase or substitute such Mortgage Loan, or make an indemnification payment with respect thereto, pursuant to Section 2.04 of the Pooling and Servicing Agreement and Section 3 below.
Section 3. Arbitration and Representations and Warranties of RRAC with respect to the Period of Time Since Each Originator Sold Mortgage Loans.
(a) RRAC hereby covenants and agrees that, if a breach of any representation and warranty set forth in Purchase Agreements with respect to the characteristics of a Mortgage Loan exists on the date hereof that materially and adversely affects the value of any Mortgage Loan or the interest of Sequoia in any Mortgage Loan and such breach did not exist as of the date that RRAC purchased such Mortgage Loan or, in the case of an FRB Barclays Loan, as of the date that Barclays Bank PLC purchased such Mortgage Loan from First Republic, RRAC shall have a period of 60 days from the earlier of either discovery or receipt of written notice from Sequoia to RRAC of such breach within which to correct or cure such breach. Each determination as to whether there has been such a breach shall be conducted on a Mortgage Loan-by-Mortgage Loan basis. RRAC hereby covenants and agrees that if any breach cannot be corrected or cured within such 60 day period, then, at RRAC’s option, RRAC shall (i) repurchase the related Mortgage Loan at the Repurchase Price, (ii) substitute a mortgage loan for the defective Mortgage Loan in accordance with the applicable Purchase Agreement or (iii) make an indemnification payment in an amount equal to the reduction in value of such Mortgage Loan as a result of such breach not later than 90 days after its discovery or receipt of notice of such breach and in the case of (i) or (iii) above, by wire transfer of immediately available funds to such account as Sequoia shall specify to RRAC.
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(b) RRAC and Sequoia agree that the resolution of any controversy or claim arising out of or relating to an obligation or alleged obligation of RRAC to repurchase a Mortgage Loan or Mortgage Loans pursuant to Section 2(d) or Section 3(a) above shall be by Arbitration administered by the American Arbitration Association. If any such controversy or claim has not been resolved to the satisfaction of both RRAC and Sequoia, either party may commence Arbitration to resolve the dispute; provided that a party may commence Arbitration with respect to one or more unresolved allegations only during the months of January, April, July and October, and all matters with respect to which Arbitration has been commenced in any such month shall be heard in a single Arbitration in the immediately following month or as soon as practicable thereafter; and provided further that if any Arbitration arising out of or relating to an obligation or alleged obligation of an Originator to repurchase a Mortgage Loan relating to the same representation and warranty has commenced and is continuing, then such Arbitration shall be joined with the Arbitration commenced hereunder.
(c) To commence Arbitration, the moving party shall deliver written notice to the other party that it has elected to pursue Arbitration in accordance with this Section 3, provided that if RRAC has not responded to Sequoia's notification of a breach of a representation and warranty, Sequoia shall not commence Arbitration with respect to that breach before 60 days following such notification in order to provide RRAC with an opportunity to respond to such notification. Within 10 Business Days after a party has provided notice that it has elected to pursue Arbitration, each party may submit the names of one or more proposed Arbitrators to the other party in writing. If the parties have not agreed on the selection of an Arbitrator within five Business Days after the first such submission, then the party commencing Arbitration shall, within the next 5 Business Days, notify the American Arbitration Association in New York, New York and request that it appoint a single Arbitrator with experience in arbitrating disputes arising in the financial services industry.
(d) It is the intention of the parties that Arbitration shall be conducted in as efficient and cost-effective a manner as is reasonably practicable, without the burden of discovery. Accordingly, the Arbitrator will resolve the dispute on the basis of a review of the written correspondence between the parties (including any supporting materials attached to such correspondence) conveyed by the parties to each other in connection with the dispute prior to the delivery of notice to commence Arbitration; however, upon a showing of good cause, a party may request the Arbitrator to direct the production of such additional information, evidence and/or documentation from the parties that the Arbitrator deems appropriate. If requested by the Arbitrator or any party, any hearing with respect to an Arbitration shall be conducted by video conference or teleconference, except upon the agreement of both parties or the request of the Arbitrator.
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(e) The finding of the Arbitrator shall be final and binding upon the parties. Judgment upon any arbitration award rendered may be entered and enforced in any court of competent jurisdiction. The costs of the Arbitrator shall be shared equally between both parties. Each party, however, shall bear its own attorneys fees and costs in connection with the Arbitration.
(f) The following capitalized terms shall have the meaning specified below:
Arbitration: Arbitration in accordance with the then governing Commercial Arbitration Rules of the American Arbitration Association (“AAA”) and administered by the AAA, which shall be conducted in New York, New York or other place mutually acceptable to the parties to the arbitration.
Arbitrator: A person who is not affiliated with RRAC, Sequoia or any Originator, who is a member of the American Arbitration Association.
Repurchase Price: With respect to any Mortgage Loan, a price equal to (i) the unpaid principal balance of such Mortgage Loan plus (ii) interest on such unpaid principal balance at the mortgage interest rate from and including the last Due Date through which interest has been paid by or on behalf of the Mortgagor up to the Due Date following the date of repurchase, minus (iii) amounts received in respect of such repurchased Mortgage Loan which are being held in the Collection Account for distribution in connection with such Mortgage Loan.
Section 4. Conveyance of Mortgage Loans.
(a) Mortgage Loans. In return for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, RRAC, concurrently with the execution and delivery hereof, hereby sells, transfers, assigns, sets over and otherwise conveys to Sequoia, without recourse, all of RRAC’s right, title and interest in and to the Mortgage Loans, including the related Mortgage Documents and all principal and interest received by RRAC on or with respect to the Mortgage Loans after October 1, 2012 (the “Cut-off Date”) (other than Scheduled Payments due on or before such date), and all such payments due after such date but received on or prior to such date and intended by the related Mortgagors to be applied after such date, all insurance policies with respect to the Mortgage Loans, and all proceeds of the foregoing.
Sequoia shall pay the purchase price for the Mortgage Loans by delivering to RRAC on the Closing Date cash in an amount mutually agreed upon by RRAC and Sequoia.
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On or prior to the Closing Date, RRAC shall deliver or cause to be delivered to Sequoia or, at Sequoia’s direction, to the Custodian, the Trustee Mortgage File for each Mortgage Loan in the manner set forth in Article 3 of the Custodial Agreement as in effect on the date of execution hereof, by and among Wells Fargo Bank, N.A., as custodian and master servicer, RRAC, as seller, Sequoia, as depositor, and Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as trustee.
(b) Limited Remedies. Sequoia acknowledges and agrees that it shall have no recourse to RRAC with respect to any Defective Mortgage Loan except as provided in Section 2(d) and Section 3 and that Sequoia’s remedies with respect to any other Defective Mortgage Loans shall be exercised with respect to the Originator of such Defective Mortgage Loan as set forth in the applicable Purchase Agreement.
Section 5. Intention of Parties. The conveyance of the Mortgage Loans and all other property hereunder by RRAC as contemplated hereby is absolute and is intended by the parties to constitute a sale of the Mortgage Loans and such other property by RRAC to Sequoia. It is, further, not intended that such conveyance be the grant of a security interest to secure a loan or other obligation. However, in the event that, notwithstanding the intent of the parties, the Mortgage Loans and the other property described in Section 4(a) are held to be the property of RRAC, or if for any other reason this Agreement is held or deemed to create a security interest in the Mortgage Loans and such other property, then this Agreement shall constitute a security agreement, and the conveyance provided for in Section 4(a) shall be deemed to be a grant by RRAC to Sequoia of, and RRAC hereby grants to Sequoia, to secure all of RRAC’s obligations hereunder, a security interest in all of RRAC’s right, title and interest, whether now owned or hereafter acquired, in and to (i) the Mortgage Loans, including the Mortgage Notes, the Mortgages, and the right to all payments of principal and interest received on or with respect to the Mortgage Loans after the Cut-off Date (other than Scheduled Payments due on or before such date), and all such payments due after such date but received on or prior to such date and intended by the related Mortgagors to be applied after such date, (ii) all of RRAC’s right, title and interest, if any, in and to all amounts from time to time credited to and the proceeds of any Custodial Accounts or any Escrow Account established with respect to the Mortgage Loans, (iii) with respect to the Mortgage Loans, to the extent set forth in the applicable Purchase Agreement, the FRB Agreement or the Flow Mortgage Loan Servicing Agreement, dated August 1, 2011, between RRAC and Cenlar FSB, as amended on November 3, 2011 and as further amended by the Assignment, Assumption and Recognition Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee and Cenlar FSB (the “Cenlar Agreement”), RRAC’s rights and obligations under the applicable Purchase Agreement, the FRB Agreement or the Cenlar Agreement, (iv) all of RRAC’s right, title and interest, if any, in REO Property and the proceeds thereof, (v) all of RRAC’s rights under any Insurance Policies related to the Mortgage Loans, (vi) RRAC’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties, and (vii) all proceeds of the conversion, voluntary or involuntary, of any of the foregoing into cash or other liquid assets, including, without limitation, all Insurance Proceeds, Liquidation Proceeds and condemnation awards.
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RRAC and Sequoia shall, to the extent consistent with this Agreement, take such actions as may be necessary to ensure that, if this Agreement were deemed to create a security interest in the Mortgage Loans, such security interest would be deemed to be a perfected security interest of first priority under applicable law and will be maintained as such throughout the term of this Agreement. RRAC shall arrange for filing any Uniform Commercial Code financing statements and continuation statements in connection with such security interest.
Section 6. Termination.
Notwithstanding any termination of this Agreement or the completion of all sales contemplated hereby, the representations, warranties and agreements in Sections 1 and 2 hereof shall survive and remain in full force and effect.
Section 7. Miscellaneous.
(a) Amendments, Etc. No rescission, modification, amendment, supplement or change of this Agreement shall be valid or effective unless in writing and signed by all of the parties to this Agreement. No amendment of this Agreement may modify or waive the representations, warranties and agreements set forth in Sections 1 and 2 hereof.
(b) Binding Upon Successors, Etc. This Agreement shall bind and inure to the benefit of and be enforceable by RRAC and Sequoia, and the respective successors and assigns thereof. The parties hereto acknowledge that Sequoia is acquiring the Mortgage Loans for the purpose of selling, transferring, assigning, setting over and otherwise conveying them to the Trustee, pursuant to the Pooling and Servicing Agreement. RRAC acknowledges and consents to the assignment to the Trustee by Sequoia of all of Sequoia's rights against RRAC hereunder in respect of the Mortgage Loans sold to Sequoia and that the enforcement or exercise of any right or remedy against RRAC hereunder by the Trustee or to the extent permitted under Section 2.04 of the Pooling and Servicing Agreement shall have the same force and effect as if enforced and exercised by Sequoia directly.
(c) Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.
(d) Governing Law. This Agreement and all questions relating to its validity, interpretation, performance and enforcement shall be governed by and construed, interpreted and enforced in accordance with the laws of the State of New York notwithstanding any law, rule, regulation, or other conflict-of-law provisions to the contrary.
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(e) Headings. The headings of the several parts of this Agreement are inserted for convenience of reference and are not intended to be a part of or affect the meaning or interpretation of this Agreement.
(f) Definitions. Capitalized terms not otherwise defined herein have the meanings ascribed to such terms (i) in the Pooling and Servicing Agreement as in effect on the date of execution hereof or (ii) in Schedule B hereto.
(g) Nonpetition Covenant. Until one year plus one day shall have elapsed since the termination of the Pooling and Servicing Agreement in accordance with its terms, RRAC shall not petition or otherwise invoke the process of any court or government authority for the purpose of commencing or sustaining a case against Sequoia under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of Sequoia or any substantial part of its property, or ordering the winding up or liquidation of the affairs of Sequoia.
[remainder of page intentionally left blank]
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IN WITNESS WHEREOF, each party has caused this Mortgage Loan Purchase and Sale Agreement to be executed by its duly authorized officer or officers as of the day and year first above written.
REDWOOD RESIDENTIAL ACQUISITION CORPORATION | ||
By: | ||
Name: | ||
Title: | ||
SEQUOIA RESIDENTIAL FUNDING, INC. | ||
By: | ||
Name: | ||
Title: |
SCHEDULE A
MORTGAGE LOAN SCHEDULE
SCHEDULE B
CERTAIN ORIGINATOR PURCHASE AGREEMENTS
1. American Pacific Mortgage Corporation
Flow Mortgage Loan Purchase and Sale Agreement dated as of October 1, 2011, between RRAC and American Pacific, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and American Pacific (the “American Pacific Agreement”).
2. Benchmark Bank
Flow Mortgage Loan Purchase and Sale Agreement dated as of September 1, 2011, between RRAC and Benchmark, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Benchmark (the “Benchmark Agreement”).
3. Boston Private Bank & Trust Company
Flow Mortgage Loan Purchase and Sale Agreement dated as of April 1, 2012, between RRAC and Boston Private , as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Boston Private (the “Boston Private Agreement”).
4. Castle & Cooke Mortgage, LLC
Flow Mortgage Loan Purchase and Sale Agreement dated as of November 1, 2011, between RRAC and Castle & Cooke, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Castle & Cooke (the “Castle & Cooke Agreement”).
5. Cherry Creek Mortgage Co., Inc.
Flow Mortgage Loan Purchase and Sale Agreement dated as of October 1, 2011, between RRAC and Cherry Creek, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Cherry Creek (the “Cherry Creek Agreement”).
6. Cole Taylor Bank
Flow Mortgage Loan Purchase and Sale Agreement dated as of August 1, 2011, between RRAC and Cole Taylor, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Cole Taylor (the “Cole Taylor Agreement”).
7. Colonial Savings, F.A.
Flow Mortgage Loan Purchase and Sale Agreement dated as of February 1, 2012, between RRAC and Colonial, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Colonial (the “Colonial Agreement”).
8. Cornerstone Mortgage Company
Flow Mortgage Loan Purchase and Sale Agreement, dated as of September 1, 2011, between RRAC and Cornerstone, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Cornerstone (the “Cornerstone Agreement”).
9. Embrace Home Loans, Inc.
Flow Mortgage Loan Purchase and Sale Agreement dated as of December 1, 2011, between RRAC and Embrace, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Embrace (the “Embrace Agreement”).
10. Evergreen Moneysource Mortgage Company dba Evergreen Home Loans
Flow Mortgage Loan Purchase and Sale Agreement dated as of April 1, 2012, between RRAC and Evergreen, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Evergreen (the “Evergreen Agreement”).
11. Fairway Independent Mortgage Corporation
Flow Mortgage Loan Purchase and Sale Agreement dated as of April 1, 2012, between RRAC and Fairway, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Fairway (the “Fairway Agreement”).
12. Fidelity Bank dba Fidelity Bank Mortgage
Flow Mortgage Loan Purchase and Sale Agreement dated as of March 1, 2012, between RRAC and Fidelity, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Fidelity (the “Fidelity Agreement”).
13. Flagstar Capital Markets Corporation
Flow Mortgage Loan Purchase and Sale Agreement dated as of May 23, 2011, between RRAC and Flagstar, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Flagstar (the “Flagstar Agreement”).
14. Franklin American Mortgage Company
Flow Mortgage Loan Purchase and Sale Agreement dated as of August 1, 2011, between RRAC and Franklin, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Franklin (the “Franklin Agreement”).
15. Fremont Bank
Flow Mortgage Loan Purchase and Sale Agreement dated as of August 1, 2011, between RRAC and Flagstar, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Fremont (the “Fremont Agreement”).
16. GuardHill Financial Corporation
Flow Mortgage Loan Purchase and Sale Agreement dated as of October 1, 2011, between RRAC and GuardHill, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and GuardHill (the “GuardHill Agreement”).
17. Guild Mortgage Company
Flow Mortgage Loan Purchase and Sale Agreement dated as of January 1, 2012, between RRAC and Guild, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Guild (the “Guild Agreement”).
18. The Huntington National Bank
Flow Mortgage Loan Purchase and Sale Agreement dated as of December 1, 2011, between RRAC and Huntington, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Huntington (the “Huntington Agreement”).
19. Megastar Financial Corporation
Flow Mortgage Loan Purchase and Sale Agreement dated as of January 1, 2012, between RRAC and Megastar, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Megastar (the “Megastar Agreement”).
20. Monarch Bank
Flow Mortgage Loan Purchase and Sale Agreement dated as of February 1, 2012, between RRAC and Monarch, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Monarch (the “Monarch Agreement”).
21. PHH Mortgage Corporation
Mortgage Loan Flow Purchase, Sale & Servicing Agreement, dated as of July 21, 2010, between RRAC and PHH, as amended by the Assignment, Assumption and Recognition Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and PHH (the “PHH Agreement”).
22. Paramount Equity Mortgage
Mortgage Loan Flow Purchase and Sale Agreement, dated as of May 1, 2012, between RRAC and Paramount, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Paramount (the “Paramount Agreement”).
23. Plaza Home Mortgage, Incorporated
Mortgage Loan Flow Purchase, Sale & Servicing Agreement, dated as of December 1, 2011, between RRAC and Plaza, as amended by the Assignment, Assumption and Recognition Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Plaza (the “Plaza Agreement”).
24. PrimeLending, a PlainsCapital Company
Flow Mortgage Loan Purchase and Sale Agreement, dated as of January 30, 2011, between RRAC and Primelending, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and PrimeLending (the “PrimeLending Agreement”).
25. Prospect Mortgage, LLC
Flow Mortgage Loan Purchase and Sale Agreement, dated as of May 1, 2011, between RRAC and Prospect, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Prospect (the “Prospect Agreement”).
26. Provident Savings Bank
Flow Mortgage Loan Purchase and Sale Agreement, dated as of October 1, 2011, between RRAC and Provident, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Provident(the “Provident Agreement”).
27. Simonich Corporation, dba Bank of Commerce Mortgage
Flow Mortgage Loan Purchase and Sale Agreement dated as of August 1, 2011, between RRAC and Simonich, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Simonich (the “Simonich Agreement”).
28. Sterling Savings Bank
Flow Mortgage Loan Purchase and Sale Agreement, dated as of March 1, 2011, between RRAC and Sterling, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Sterling (the “Sterling Agreement”).
29. Stifel Bank and Trust
Flow Mortgage Loan Purchase and Sale Agreement, dated as of December 1, 2011, between RRAC and Stifel, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Stifel (the “Stifel Agreement”).
30. Umpqua Bank
Flow Mortgage Loan Purchase and Sale Agreement, dated as of January 1, 2012, between RRAC and Umpqua, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Umpqua (the “Umpqua Agreement”).
31. United Shore Financial Services, LLC
Flow Mortgage Loan Purchase and Sale Agreement dated as of December 1, 2011, between RRAC and United Shore, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and United Shore (the “United Shore Agreement”).
32. Wintrust Mortgage, a division of Barrington Bank and Trust Company, N.A.
Flow Mortgage Loan Purchase and Sale Agreement dated as of June 1, 2011, between RRAC and Wintrust, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among RRAC, Sequoia, the Trustee, and Wintrust (the “Wintrust Agreement” and, together with the American Pacific Agreement, the Benchmark Agreement, the Boston Private Agreement, the Castle & Cooke Agreement, the Cherry Creek Agreement, the Cole Taylor Agreement, the Colonial Agreement, the Cornerstone Agreement, the Embrace Agreement, the Evergreen Agreement, the Fairway Agreement, the Fidelity Agreement, the Flagstar Agreement, the Franklin Agreement, the Fremont Agreement, the GuardHill Agreement, the Guild Agreement, the Huntington Agreement, the Megastar Agreement, the Monarch Agreement, the PHH Agreement, the Paramount Agreement, the Plaza Agreement, the PrimeLending Agreement, the Prospect Agreement, the Provident Agreement, the Simonich Agreement, the Sterling Agreement, the Stifel Agreement, the Umpqua Agreement and the United Shore Agreement, the “Purchase Agreements” and each a “Purchase Agreement”).
EXHIBIT 10.17
EXECUTION COPY
CUSTODIAL AGREEMENT
Dated as of
October 1, 2012
CHRISTIANA TRUST, a division of
wilmington savings fund society, fsb,
as Trustee,
WELLS FARGO BANK, N.A.,
as Custodian,
WELLS FARGO BANK, N.A.,
as Master Servicer,
Sequoia Residential Funding, Inc.,
as Depositor,
and
Redwood Residential Acquisition Corporation,
as Seller
TABLE OF CONTENTS
Page | ||||
Article 1 | Definitions | 1 | ||
Article 2 | Custodial Terms | 10 | ||
Section 2.1 | Appointment of the Custodian | 10 | ||
Section 2.2 | Custodian Fees | 10 | ||
Article 3 | Custody of Mortgage Documents | 10 | ||
Section 3.1 | Delivery of Mortgage Files | 10 | ||
Section 3.2 | Review of Mortgage Files | 13 | ||
Section 3.3 | Certifications and Reports | 13 | ||
Section 3.4 | Release of Mortgage Files | 14 | ||
Section 3.5 | Inspection of Mortgage Files | 16 | ||
Section 3.6 | Copies of Mortgage Files | 16 | ||
Section 3.7 | Documents Missing From Mortgage Files | 16 | ||
Article 4 | Concerning the Custodian | 16 | ||
Section 4.1 | Custodian May Resign: Trustee May Remove Custodian. | 16 | ||
Section 4.2 | Merger or Consolidation of Custodian | 17 | ||
Section 4.3 | Limitation of Custodians Duties | 17 | ||
Section 4.4 | Standard of Care; Indemnification | 19 | ||
Section 4.5 | Force Majeure | 20 | ||
Section 4.6 | Accounting | 20 | ||
Section 4.7 | Compliance Certification | 21 | ||
Section 4.8 | Subcontracting | 21 | ||
Article 5 | Representations and Warranties | 21 | ||
Section 5.1 | Capital Requirements | 21 | ||
Section 5.2 | No Claims to Mortgage Loans | 22 |
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Article 6 | Covenants | 23 | ||
Section 6.1 | Insurance | 23 | ||
Section 6.2 | Storage of Mortgage Files | 23 | ||
Article 7 | Miscellaneous | 23 | ||
Section 7.1 | Notices | 23 | ||
Section 7.2 | Entire Agreement | 29 | ||
Section 7.3 | Binding Nature of Agreement: Assignment | 30 | ||
Section 7.4 | Governing Law | 30 | ||
Section 7.5 | Recordation of Agreement | 30 | ||
Section 7.6 | Agreement for the Exclusive Benefit of Parties | 30 | ||
Section 7.7 | Counterparts | 30 | ||
Section 7.8 | Indulgences: Not Waivers | 30 | ||
Section 7.9 | Titles Not to Affect Interpretation | 31 | ||
Section 7.10 | Provisions Separable | 31 | ||
Section 7.11 | Conflict or Inconsistency | 31 | ||
Section 7.12 | Waiver of Trial by Jury | 31 | ||
Section 7.13 | Submission to Jurisdiction; Waivers | 31 | ||
Section 7.14 | Non-petition | 31 | ||
Section 7.15 | Termination | 32 | ||
Signature Page | 33 |
ii |
EXHIBITS
EXHIBIT A | DELIVERY INSTRUCTIONS | |
EXHIBIT B | DATA FORMAT | |
EXHIBIT C | AUTHORIZED REPRESENTATIVES CERTIFICATION | |
EXHIBIT D-1 | INITIAL AUTHORIZED REPRESENTATIVES OF THE TRUSTEE | |
EXHIBIT D-2 | INITIAL AUTHORIZED REPRESENTATIVES OF THE DEPOSITOR | |
EXHIBIT D-3 | INITIAL AUTHORIZED REPRESENTATIVES OF ORIGINATORS AND SERVICERS | |
EXHIBIT D-4 | INITIAL AUTHORIZED REPRESENTATIVES OF WELLS FARGO BANK, N.A., AS MASTER SERVICER | |
EXHIBIT E | SCHEDULE OF FEES | |
EXHIBIT F | REQUEST FOR RELEASE OF DOCUMENTS | |
EXHIBIT G | FORM OF CERTIFICATION | |
EXHIBIT H | FORM OF TRANSMITTAL LETTER | |
EXHIBIT I | FORM OF CERTIFICATION REGARDING SERVICING CRITERIA TO BE ADDRESSED IN REPORT ON ASSESSMENT OF COMPLIANCE | |
ANNEX 1 | DOCUMENT EXCEPTION CODES |
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CUSTODIAL AGREEMENT
THIS CUSTODIAL AGREEMENT dated as of October 1, 2012 (this “Custodial Agreement”), is made by and among Wells Fargo Bank, N.A., as custodian and master servicer, Redwood Residential Acquisition Corporation, as seller, Sequoia Residential Funding, Inc., as depositor, and Christiana Trust, a division of Wilmington Savings Fund Society, FSB, not in its individual capacity but solely as trustee (as “Trustee”) for the benefit of the holders of the Sequoia Mortgage Trust Mortgage Pass-Through Certificates, Series 2012-5 (the “Mortgage Certificates”), issued pursuant to the Pooling and Servicing Agreement, dated as of October 1, 2012 (the “Pooling and Servicing Agreement”), by and among Wells Fargo Bank, N.A., Christiana Trust, a division of Wilmington Savings Fund Society, FSB, and Sequoia Residential Funding, Inc.
RECITALS
The Trustee desires to appoint the Custodian to act as its custodian for the purposes of, from time to time, receiving and holding certain documents, instruments and papers delivered hereunder, all upon the terms and conditions and subject to the limitations hereinafter set forth.
Now therefore, in consideration of the mutual promises and agreements herein and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:
ARTICLE 1.
DEFINITIONS
Except as otherwise specified herein or as the context may otherwise require, whenever used in this Custodial Agreement, the following words and phrases shall have the meaning specified in this Article.
“APM” American Pacific Mortgage Corporation, a California corporation.
“APM MLSA” The Flow Mortgage Loan Purchase and Sale Agreement dated as of October 1, 2011, between Redwood Residential Acquisition Corporation, and APM, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and APM, and acknowledged by the Master Servicer.
“Authorized Representative” As defined in Section 3.4 hereof.
“BCM” Simonich Corporation, dba Bank of Commerce Mortgage, a California corporation.
“BCM MLSA” The Flow Mortgage Loan Purchase and Sale Agreement dated as of August 1, 2011, between Redwood Residential Acquisition Corporation, and BCM, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and BCM, and acknowledged by the Master Servicer.
“BEN” Benchmark Bank, a Texas state banking association.
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“BEN MLSA” The Flow Mortgage Loan Purchase and Sale Agreement dated as of September 1, 2011, between Redwood Residential Acquisition Corporation, and BEN, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and BEN, and acknowledged by the Master Servicer.
“BP” Boston Private Bank & Trust Company, a Massachusetts chartered trust company.
“BP MLSA” The Flow Mortgage Loan Purchase and Sale Agreement dated as of April 1, 2012, between Redwood Residential Acquisition Corporation, and BP, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and BP, and acknowledged by the Master Servicer.
“Business Day” Any day other than a Saturday, Sunday, or a day on which banking institutions in the state in which the Custodian’s operations are located, are authorized or obligated by law or executive order to be closed.
“CAS” Castle & Cooke Mortgage, LLC, a Delaware limited liability company.
“CAS MLSA” The Flow Mortgage Loan Purchase and Sale Agreement, dated as of November 1, 2011, between Redwood Residential Acquisition Corporation, and CAS, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and CAS, and acknowledged by the Master Servicer.
“CEN” Cenlar FSB, a federal savings bank.
“CEN MLSA” The Flow Mortgage Loan Servicing Agreement, dated as of August 1, 2011, as amended by the Amendment No. 1 to Flow Mortgage Loan Servicing Agreement dated November 3, 2011, between Redwood Residential Acquisition Corporation, and CEN, as amended by the Assignment and Assumption Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and CEN, and acknowledged by the Master Servicer.
“Certification” The certificate to be delivered pursuant to Section 3.2(a) in the form of Exhibit G.
“CHE” Cherry Creek Mortgage Co., Inc., a Colorado corporation.
“CHE MLSA” The Flow Mortgage Loan Purchase and Sale Agreement, dated as of October 1, 2011, between Redwood Residential Acquisition Corporation, and CHE, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and CHE, and acknowledged by the Master Servicer.
“Closing Date” October 30, 2012.
“CMC” Cornerstone Mortgage Company, a Texas corporation.
“CMC MLSA” The Flow Mortgage Loan Servicing Agreement, dated as of September 1, 2011, between Redwood Residential Acquisition Corporation, and CMC, as amended by the Assignment and Assumption Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and CMC, and acknowledged by the Master Servicer.
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“Co-op Loan” A Mortgage Loan that is secured by a first lien on and a perfected security interest in Co-op Shares and the related Proprietary Lease granting exclusive rights to occupy the related co-op unit in the building owned by the related co-op corporation.
“Co-op Shares” With respect to any Co-op Loan, the shares of stock issued by a co-op corporation and allocated to a co-op unit and represented by a stock certificate.
“CSF” Colonial Savings, F.A., federal savings association.
“CSF MLSA” The Flow Mortgage Loan Purchase and Sale Agreement dated as of February 1, 2012, between Redwood Residential Acquisition Corporation, and CSF, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and CSF, and acknowledged by the Master Servicer.
“CTB” Cole Taylor Bank, an Illinois corporation.
“CTB MLSA” The Flow Mortgage Loan Purchase and Sale Agreement dated as of August 1, 2011, between Redwood Residential Acquisition Corporation, and CTB, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and CTB, and acknowledged by the Master Servicer.
“Custodian” Wells Fargo Bank, N.A., and its successors and assigns, in its capacity as custodian hereunder.
“Delivery Date” The later of the date of receipt by the Custodian of any (i) Mortgage File or (ii) Mortgage Loan Schedule.
“Designated Custody Signer” Any officer or employee of the Custodian involved in, or responsible for, the custody of the Mortgage Loans. The name and specimen signature of each Designated Custody Signer is maintained by the Custodian and is available for review upon request.
“Depositor” Sequoia Residential Funding, Inc., as depositor under the Pooling and Servicing Agreement.
“EHL” Embrace Home Loans, Inc., a Rhode Island corporation.
“EHL MLSA” The Flow Mortgage Loan Purchase and Sale Agreement dated as of December 1, 2011, between Redwood Residential Acquisition Corporation, and EHL, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and EHL, and acknowledged by the Master Servicer.
“EMM” Evergreen Moneysource Mortgage Company dba Evergreen Home Loans, a Washington corporation.
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“EMM MLSA” The Flow Mortgage Loan Purchase and Sale Agreement dated as of April 1, 2012, between Redwood Residential Acquisition Corporation, and EMM, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and EMM, and acknowledged by the Master Servicer.
“Exception” With respect to any Mortgage Loan any variance from the requirements of Section 3.1 hereof with respect to the Mortgage Files (taking into consideration the right to deliver certified copies in lieu of original documents in certain circumstances).
“Exception Report” The list, in the format of Annex 1, of Mortgage Loans delivered by the Custodian to the Trustee as provided in Section 3.2 hereof, reflecting the Mortgage Loans held by the Custodian, which includes codes indicating any Exceptions with respect to each Mortgage Loan listed thereon.
“Exchange Act” The Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder.
“FAM” Franklin American Mortgage Company, a Tennessee corporation.
“FAM MLSA” The Flow Mortgage Loan Purchase and Sale Agreement dated as of August 1, 2011, between Redwood Residential Acquisition Corporation, and FAM, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and FAM, and acknowledged by the Master Servicer.
“FCM” Flagstar Capital Markets Corporation, a Delaware corporation.
“FCM MLSA” The Flow Mortgage Loan Purchase and Sale Agreement dated as of May 23, 2011, between Redwood Residential Acquisition Corporation, and FCM, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and FCM, and acknowledged by the Master Servicer.
“FID” Fidelity Bank dba Fidelity Bank Mortgage, a Georgia state-chartered bank.
“FID MLSA” The Flow Mortgage Loan Purchase and Sale Agreement dated as of March 1, 2012, between Redwood Residential Acquisition Corporation, and FID, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and FID, and acknowledged by the Master Servicer.
“FIM” Fairway Independent Mortgage Corporation, a Texas corporation.
“FIM MLSA” The Flow Mortgage Loan Purchase and Sale Agreement dated as of October 1, 2012, between Redwood Residential Acquisition Corporation, and FIM, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and FIM, and acknowledged by the Master Servicer.
“FRB” First Republic Bank, a California corporation.
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“FRB MLSA” The Flow Mortgage Loan Sale and Servicing Agreement, dated as of July 1, 2010, between Redwood Residential Acquisition Corporation and FRB, as amended by the Assignment, Assumption and Recognition Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and FRB, and acknowledged by the Master Servicer.
“FRE” Fremont Bank, a California state chartered financial institution.
“FRE MLSA” The Flow Mortgage Loan Purchase and Sale Agreement dated as of August 1, 2011, between Redwood Residential Acquisition Corporation, and FRE, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and FRE, and acknowledged by the Master Servicer.
“GFC” GuardHill Financial Corporation, a national banking association.
“GFC MLSA” The Flow Mortgage Loan Purchase and Sale Agreement dated as of October 1, 2011, between Redwood Residential Acquisition Corporation, and GFC, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and GFC, and acknowledged by the Master Servicer.
“GMC” Guild Mortgage Company, a California corporation.
“GMC MLSA” The Flow Mortgage Loan Purchase and Sale Agreement dated as of January 1, 2012, between Redwood Residential Acquisition Corporation, and GMC, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and GMC, and acknowledged by the Master Servicer.
“HNB” The Huntington National Bank, a national banking association.
“HNB MLSA” The Flow Mortgage Loan Purchase and Sale Agreement dated as of December 1, 2011, between Redwood Residential Acquisition Corporation, and HNB, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and HNB, and acknowledged by the Master Servicer.
“Master Servicer” Wells Fargo Bank, N.A., and its successors and assigns, as master servicer of the Mortgage Loans under the Pooling and Servicing Agreement.
“MERS” Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.
“MERS Mortgage Loan” Any Mortgage Loan registered with MERS on the MERS® System.
“MERS® System” The system of recording transfers of mortgages electronically maintained by MERS.
“MFC” Megastar Financial Corporation, a Colorado corporation.
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“MFC MLSA” The Flow Mortgage Loan Purchase and Sale Agreement dated as of January 1, 2012, between Redwood Residential Acquisition Corporation, and MFC, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and MFC, and acknowledged by the Master Servicer.
“MIN” The Mortgage Identification Number for any MERS Mortgage Loan.
“MON” Monarch Bank, a Virginia banking corporation.
“MON MLSA” The Flow Mortgage Loan Purchase and Sale Agreement dated as of February 1, 2012, between Redwood Residential Acquisition Corporation, and MON, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and MON, and acknowledged by the Master Servicer.
“Mortgage” The original mortgage, deed of trust or other instrument creating a first lien on the Mortgaged Property.
“Mortgage Certificates” As defined in the first paragraph of this Custodial Agreement.
“Mortgage File” A legal-sized pocket folder containing the Mortgage Loan documents described in Section 3.1 that is labeled in the upper right-hand corner to identify clearly the Servicer, the Trustee, the mortgagor, the Mortgage Loan number and any previous Mortgage Loan number.
“Mortgage Loan” A loan identified on a Mortgage Loan Schedule.
“Mortgage Loan Schedule” The electronic transmission of Mortgage Loans substantially in the form of Exhibit B. Such list shall set forth the following information with respect to each Mortgage Loan:
(1) | the loan number; |
(2) | the street address (including unit number, city, state) of the related mortgaged property; |
(3) | mortgagor name; |
(4) | original principal balance of the Mortgage Loan; |
(5) | stated maturity date; |
(6) | mortgage interest rate; |
(7) | origination date; |
(8) | first payment date; |
(9) | principal and interest |
(10) | with respect to each ARM loan, the first adjustment date; |
(11) | with respect to each ARM loan, the maximum mortgage interest rate; |
(12) | with respect to each ARM loan, the periodic rate cap; |
(13) | with respect to each ARM loan, the gross margin; |
(14) | rounding method; |
(15) | ARM rounding percent; |
(16) | ARM look back; |
(17) | ARM index; |
(18) | Interest only flag; |
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(19) | Interest only term; |
(20) | a code indicating if the Mortgage Loan is a MERS Mortgage Loan and, if so, the MIN; |
(21) | a code indicating if the Mortgage Loan is a Co-op Loan; and |
(22) | Servicer loan ID. |
“Mortgage Note” The original executed note or other evidence of indebtedness of a Mortgagor under a Mortgage Loan.
“Mortgaged Property” The underlying property securing the Mortgage Loan.
“Mortgagor” The obligor on a promissory note.
“Opinion of Counsel” A written opinion of counsel acceptable to the Custodian.
“Originator” Each of APM, BCM, BEN, BP, CAS, CHE, CMC, CSF, CTB, EHL, EMM, FAM, FCM, FID, FIM, FRB, FRE, GFC, GMC, HNB, MFC, MON, PEM, PHH, PL, PLZ, PRO, PSB, SBT, SFS, SSB, UMP or WMC, and their respective successors and assigns, in its role as seller of the Mortgage Loans under the APM MLSA, the BCM MLSA, the BEN MLSA, the BP MLSA, the CAS MLSA, the CHE MLSA, the CMC MLSA, the CSF MLSA, the CTB MLSA, the EHL MLSA, the EMM MLSA, the FAM MLSA, the FCM MLSA, the FID MLSA, the FIM MLSA, the FRB MLSA, the FRE MLSA, the GFC MLSA, the GMC MLSA, the HNB MLSA, the MFC MLSA, the MON MLSA, the PEM MLSA, the PHH MLSA, the PL MLSA, the PLZ MLSA, the PRO MLSA, the PSB MLSA, the SBT MLSA, the SFS MLSA, the SSB MLSA, the UMP MLSA or the WMC MLSA, as applicable.
“Person” Any individual, corporation, company, voluntary association, partnership, joint venture, limited liability company, trust, unincorporated association or government (or any agency, instrumentality or political subdivision thereof).
“PEM” Paramount Equity Mortgage, a California limited liability company.
“PEM MLSA” The Flow Mortgage Loan Purchase and Sale Agreement dated as of May 1, 2012, between Redwood Residential Acquisition Corporation, and PEM, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and PEM, and acknowledged by the Master Servicer.
“PHH” PHH Mortgage Corporation, a New Jersey corporation.
“PHH MLSA” The Mortgage Loan Flow Purchase, Sale & Servicing Agreement, dated as of July 21, 2010, between Redwood Residential Acquisition Corporation and PHH, as amended by the Assignment, Assumption and Recognition Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and PHH, and acknowledged by the Master Servicer.
“PHH Mortgage Loan” Any Mortgage Loan originated or acquired by PHH.
“PL” PrimeLending, a PlainsCapital Company, a Texas corporation.
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“PL MLSA” The Flow Mortgage Loan Purchase and Sale Agreement, dated as of January 30, 2011, between Redwood Residential Acquisition Corporation, and PL, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and PL, and acknowledged by the Master Servicer.
“PLZ” Plaza Home Mortgage, Incorporated, a California corporation.
“PLZ MLSA” The Flow Mortgage Loan Purchase and Sale Agreement, dated as of December 1, 2011, between Redwood Residential Acquisition Corporation, and PLZ, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and PLZ, and acknowledged by the Master Servicer.
“Pooling and Servicing Agreement” As defined in the first paragraph of this Custodial Agreement.
“PRO” Prospect Mortgage, LLC, a Delaware limited liability company.
“PRO MLSA” The Flow Mortgage Loan Purchase and Sale Agreement, dated as of May 1, 2011, between Redwood Residential Acquisition Corporation, and PRO, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and PRO, and acknowledged by the Master Servicer.
“Proprietary Lease” The lease on a co-op unit evidencing the possessory interest of the owner of the Co-op Shares in such co-op unit.
“PSB” Provident Savings Bank, a national banking association.
“PSB MLSA” The Flow Mortgage Loan Purchase and Sale Agreement, dated as of October 1, 2011, between Redwood Residential Acquisition Corporation, and PSB, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and PSB, and acknowledged by the Master Servicer.
“Rejected Release Request” A Request for Release that is rejected because (i) the Custodian no longer has custody of the Mortgage File or (ii) the Request for Release is improperly prepared.
“Request for Release” A request for a release from a Servicer or the Master Servicer of a Mortgage File either in an electronic format or signed by an Authorized Representative of a Servicer or the Master Servicer, in the form attached hereto as Exhibit F.
“Securities Administrator” Wells Fargo Bank, N.A., as securities administrator under the Pooling and Servicing Agreement.
“Seller” Redwood Residential Acquisition Corporation, as seller of the Mortgage Loans under the Mortgage Loan Purchase and Sale Agreement, dated October 30, 2012, by and between Redwood Residential Acquisition Corporation and Sequoia Residential Funding, Inc.
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“Servicer” Each of CEN, FRB, or PHH, and their respective successors and assigns, in its role as servicer of the Mortgage Loans under the CEN MLSA, the FRB MLSA, or the PHH MLSA, as applicable.
“SBT” Stifel Bank and Trust, a Missouri state-chartered banking institution.
“SBT MLSA” The Flow Mortgage Loan Purchase and Sale Agreement, dated as of June 1, 2011, between Redwood Residential Acquisition Corporation, and SBT, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and SBT, and acknowledged by the Master Servicer.
“SFS” United Shore Financial Services, LLC, a Michigan limited liability company.
“SFS MLSA” The Flow Mortgage Loan Purchase and Sale Agreement dated as of December 1, 2011, between Redwood Residential Acquisition Corporation, and SFS, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and SFS, and acknowledged by the Master Servicer.
“SSB” Sterling Savings Bank, a Washington state-chartered banking institution.
“SSB MLSA” The Flow Mortgage Loan Purchase and Sale Agreement, dated as of June 1, 2011, between Redwood Residential Acquisition Corporation, and SSB, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and SSB, and acknowledged by the Master Servicer.
“Trust Fund” The trust fund created pursuant to the Pooling and Servicing Agreement.
“UMP” Umpqua Bank, an Oregon state-chartered banking institution.
“UMP MLSA” The Flow Mortgage Loan Purchase and Sale Agreement, dated as of January 1, 2012, between Redwood Residential Acquisition Corporation, and UMP, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and UMP, and acknowledged by the Master Servicer.
“WMC” Wintrust Mortgage, a division of Barrington Bank and Trust Company, N.A., an Illinois corporation.
“WMC MLSA” The Flow Mortgage Loan Purchase and Sale Agreement dated as of June 1, 2011, between Redwood Residential Acquisition Corporation, and WMC, as amended by the Assignment of Representations and Warranties Agreement, dated October 30, 2012, by and among the Seller, the Depositor, the Trustee, and WMC, and acknowledged by the Master Servicer.
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ARTICLE 2.
CUSTODIAL TERMS
Section 2.1. Appointment of Custodian. The Trustee hereby appoints the Custodian to act as custodian of the Mortgage Files for the Mortgage Loans delivered to the Custodian pursuant to this Custodial Agreement and the Custodian hereby accepts such appointment.
Section 2.2. Custodian Fees. The Master Servicer hereby agrees to pay the Custodian, out of its own funds and not funds of the Trust Fund, the fees and expenses of the Custodian as described on Exhibit E attached hereto. The obligation of the Master Servicer to pay the fees for services described on Exhibit E hereto shall apply to the Custodian’s services until the termination of this Custodial Agreement, unless the parties hereto mutually agree upon a different schedule. All fees and expenses of the Custodian for services not described in this Custodial Agreement or Exhibit E shall be reimbursed by the Trust Fund, subject to the limitations on reimbursements in clause (B) of the definition of Available Distribution Amount in the Pooling and Servicing Agreement.
All of the Custodian’s fees and expenses shall be due upon receipt of an invoice from the Custodian. The Master Servicer shall notify the Custodian in writing of any disputed fees or expenses within 60 days of the invoice date, specifying the subject matter of the dispute. The obligations of the Master Servicer to pay Custodian for such fees and expenses in connection with services provided by Custodian hereunder can be transferred along with the assignment of this Custodial Agreement. All accrued and unpaid fees and expenses and any other amounts due and owing to the Custodian under this Custodial Agreement shall survive the termination, resignation or removal of the Custodian.
Upon the issuance of the Mortgage Certificates, the Depositor shall pay to the Custodian a loan file review fee of $4.00 per Mortgage File. The Depositor shall not be responsible for any other fees or expenses of the Custodian under this Custodial Agreement, other than as set forth on Exhibit E hereto.
ARTICLE 3.
CUSTODY OF MORTGAGE DOCUMENTS
Section 3.1. Delivery of Mortgage Files. The Depositor shall deliver or cause to be delivered to the Custodian, on a date mutually agreed upon among the parties hereto, a Mortgage Loan Schedule and, to the extent made available to the Depositor, the following documents for each Mortgage Loan listed on such Mortgage Loan Schedule, to be held by the Custodian for the benefit of the Trustee:
(a) | With respect to any Mortgage Loan that is not a Co-op Loan: |
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(i) | The original Mortgage Note, bearing all intervening endorsements, endorsed, “Pay to the order of , without recourse” and signed in the name of the applicable Originator, by an authorized officer or, in the case of a Mortgage Loan serviced by FRB, if the original Mortgage Note has been lost or destroyed, a copy of the note together with a lost note affidavit. In the event that the Mortgage Loan was acquired by the Originator in a merger, the endorsement must be by the applicable Originator, as “[APM/BCM/BEN/BP/CAS/CHE/CMC/CSF/CTB/EHL/EMM/FAM/FCM/FID/FIM/FRB/FRE/GFC/GMC/HNB/MFC/MON/PEM/PHH/PL/PLZ/PRO/PSB/SBT/SFS/SSB/UMP/WMC], successor by merger to [name of predecessor]”; and in the event that the Mortgage Loan was acquired or originated by APM, BCM, BEN, BP, CAS, CHE, CMC, CSF, CTB, EHL, EMM, FAM, FCM, FID, FIM, FRB, FRE, GFC, GMC, HNB, MFC, MON, PEM, PHH, PL, PLZ, PRO, PSB, SBT, SFS, SSB, UMP or WMC while doing business under another name, the endorsement must be by APM, BCM, BEN, BP, CAS, CHE, CMC, CSF, CTB, EHL, EMM, FAM, FCM, FID, FIM, FRB, FRE, GFC, GMC, HNB, MFC, MON, PEM, PHH, PL, PLZ, PRO, PSB, SBT, SFS, SSB, UMP or WMC, as the case may be, “[APM/BCM/BEN/BP/CAS/CHE/CMC/CSF/CTB/EHL/EMM/FAM/FCM/FID/FIM/FRB/FRE/GFC/GMC/HNB/MFC/MON/PEM/PHH/PL/PLZ/PRO/PSB/SBT/SFS/SSB/UMP/WMC], formerly known as [previous name]”. In the event the mortgagee shown on the Mortgage Note is not APM, BCM, BEN, BP, CAS, CHE, CMC, CSF, CTB, EHL, EMM, FAM, FCM, FID, FIM, FRB, FRE, GFC, GMC, HNB, MFC, MON, PEM, PHH, PL, PLZ, PRO, PSB, SBT, SFS, SSB, UMP or WMC, the endorsement on the Mortgage Note must also reflect a complete chain of title to APM, BCM, BEN, BP, CAS, CHE, CMC, CSF, CTB, EHL, EMM, FAM, FCM, FID, FIM, FRB, FRE, GFC, GMC, HNB, MFC, MON, PEM, PHH, PL, PLZ, PRO, PSB, SBT, SFS, SSB, UMP or WMC, as applicable. | |
(ii) | The original Mortgage, or a copy of the Mortgage, with evidence of recording thereon certified by the appropriate recording office to be a true copy of the recorded Mortgage, or, if the original Mortgage has not yet been returned from the recording office, a copy of the original Mortgage together with a certificate of either the closing attorney, an officer of the title insurer which issued the related title insurance policy or an officer of APM, BCM, BEN, BP, CAS, CHE, CMC, CSF, CTB, EHL, EMM, FAM, FCM, FID, FIM, FRB, FRE, GFC, GMC, HNB, MFC, MON, PEM, PHH, PL, PLZ, PRO, PSB, SBT, SFS, SSB, UMP or WMC, as applicable, certifying that the copy is a true copy of the original of the Mortgage which has been delivered by such officer or attorney for recording in the appropriate recording office of the jurisdiction in which the Mortgaged Property is located. | |
(iii) | In the case of each Mortgage Loan that is not a MERS Mortgage Loan, the original assignment of the Mortgage from the applicable Originator, prepared in blank, which assignment shall be in form and substance acceptable for recording. In the event that the Mortgage Loan was acquired by such Originator in a merger, the assignment must be by APM, BCM, BEN, BP, CAS, CHE, CMC, CSF, CTB, EHL, EMM, FAM, FCM, FID, FIM, FRB, FRE, GFC, GMC, HNB, MFC, MON, PEM, PHH, PL, PLZ, PRO, PSB, SBT, SFS, SSB, UMP or WMC, as the case may be, “[APM/BCM/BEN/BP/CAS/CHE/CMC/CSF/CTB/EHL/EMM/FAM/FCM/FID/FIM/FRB/FRE/GFC/GMC/HNB/MFC/MON/PEM/PHH/PL/PLZ/PRO/PSB/SBT/SFS/SSB/UMP/WMC], successor by merger to [name of predecessor]”; and in the event that the Mortgage Loan was acquired or originated by an Originator while doing business under another name, the assignment must be by such Originator, “[APM/BCM/BEN/BP/CAS/CHE/CMC/CSF/CTB/EHL/EMM/FAM/FCM/FID/FIM/FRB/FRE/GFC/GMC/HNB/MFC/MON/PEM/PHH/PL/PLZ/PRO/PSB/SBT/SFS/SSB/UMP/WMC], formerly known as [previous name]”. In the event the mortgagee shown in the Mortgage Note is not APM, BCM, BEN, BP, CAS, CHE, CMC, CSF, CTB, EHL, EMM, FAM, FCM, FID, FIM, FRB, FRE, GFC, GMC, HNB, MFC, MON, PEM, PHH, PL, PLZ, PRO, PSB, SBT, SFS, SSB, UMP or WMC, executed assignments of mortgage with respect to each originator and prior owner must be delivered. In the case of each PHH Mortgage Loan that is a MERS Mortgage Loan, the original assignment of the Mortgage from MERS, prepared in blank, which assignment shall be in form and substance acceptable for recording. |
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(iv) | The original policy of title insurance, or a certified true and complete copy of such policy, or an uncertified copy of such policy or, if the policy has not yet been issued, a copy of the written commitment or interim binder issued by the title insurance company. |
(v) | Originals, or certified true copies from the appropriate recording office, of any intervening assignments of the Mortgage with evidence of recording thereon. |
(vi) | Originals or copies of all assumption and modification agreements, if any, or, in the case of a Mortgage Loan originated by PHH or SSB, if the original assumption and modification agreement has not yet been returned from the recording office, a certified copy of such assumption and modification agreement. |
(vii) | Originals or copies of each power of attorney, surety agreement and guaranty agreement. |
(viii) | With respect to a Mortgage Loan originated by any Originator other than PHH, the original or a copy of any security agreement, chattel mortgage or equivalent document executed in connection with the Mortgage, if any. |
(b) | With respect to each Co-op Loan: |
(i) | the original Mortgage Note together with any applicable riders, endorsed in blank, with all prior and intervening endorsements as may be necessary to show a complete chain of endorsements and, in the case of a Co-op Loan originated by PHH, the original or a copy of the guaranty of the Co-op Loan, if any; |
(ii) | the original security agreement; |
(iii) | the original proprietary lease and an original assignment of the proprietary lease in blank; |
(iv) | the original recognition agreement; |
(v) | the original stock certificate representing the Co-op Shares and original stock power in blank; |
(vi) | the original UCC-1 financing statement with evidence of filing; and |
(vii) | the original UCC-3 assignment in blank. |
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If with respect to any Mortgage Loan there is a not a complete chain of endorsements, the Custodian shall so state in the Exception Report.
With respect to any documents which have been delivered or are being delivered to recording offices for recording and have not been returned in time to permit their delivery hereunder at the time required, in lieu of delivering such original documents, the Depositor shall deliver or shall cause to be delivered to the Custodian a copy thereof certified as a true, correct and complete copy of the original which has been transmitted for recordation, if available to the Depositor. The Depositor shall deliver or shall cause to be delivered such original documents to the Custodian promptly when they are received.
The Custodian hereby acknowledges that the Mortgage File and any other documents, instruments or papers relating to a Mortgage Loan now or hereafter deposited with the Custodian (and not released in accordance with this Custodial Agreement) will be held by the Custodian as the duly appointed agent of the Trustee.
Section 3.2. Review of Mortgage Files. The Custodian shall review items in Section 3.1(a)(i) through (viii) and Section 3.1(b)(i) through (vii) (if applicable) of the Mortgage File and report to the Trustee any exceptions within one Business Day following the Delivery Date, or, if more than 200 Mortgage Files are delivered on the same day, within one additional Business Day following the Delivery Date for each additional 100 Mortgage Files delivered to the Custodian on a Delivery Date. Furthermore, the Custodian shall compare the Mortgage Note to items (1) through (9), and (if applicable) items (10) through (21), set forth in the Mortgage Loan Schedule of this Custodial Agreement. With respect to Section 3(b)(iv), the Custodian shall have no obligation to compare the date of the funding of any Mortgage Loan or the lien priority of any Mortgage Loan with the information in the title policy.
Section 3.3. Certifications and Reports. Upon the completion of its review of each Mortgage File pursuant to Section 3.2 hereof, the Custodian shall deliver to the Trustee, the Depositor, the Seller, and the applicable Originator (in an electronic format), a Certification in the form of Exhibit G with respect to the related Mortgage Loans, in which the Custodian shall certify that such Mortgage Loans are held for the Trustee, and that, as to each Mortgage Loan listed on the Mortgage Loan Schedule (other than any Mortgage Loan paid in full or any Mortgage Loan specifically identified in such certification as not covered by such certification), (i) all documents described in Section 3.1(a), and if applicable, all documents described in Section 3.1(b), of this Custodial Agreement are in its possession, and (ii) such documents have been reviewed by the Custodian and appear on their face to be regular and to relate to such Mortgage Loan and satisfy the requirements set forth in Section 3.1 and the Mortgage Note conforms to the Mortgage Loan Schedule items specified in Section 3.1.
If the Custodian determines from such verification that any discrepancy or deficiency exists with respect to a Mortgage File, the Custodian shall note such discrepancy on the schedule of exceptions attached to the Certification (the “Exception Report”). Each Exception Report shall list all Exceptions using such codes substantially as listed on Annex 1. Each Exception Report shall be superseded by a subsequently issued Exception Report and shall replace the then existing Exception Report.
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Within 60 days after the Closing Date (as defined in the Pooling and Servicing Agreement), the Depositor shall complete or cause to be completed the assignments of mortgage (“Assignments of Mortgage”) in the name of “Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee, for Sequoia Mortgage Trust Mortgage Pass-Through Certificates, Series 2012-5” (or shall prepare or cause to be prepared new forms of Assignment of Mortgage so completed in the name of the Trustee) for each PHH Mortgage Loan (including each PHH Mortgage Loan that is a MERS Mortgage Loan), and for each other Mortgage Loan that is not a MERS Mortgage Loan. The Custodian shall release such completed Assignments of Mortgage to the Depositor or its designee for recording and the Depositor shall cause such recorded Assignments of Mortgage (or, in lieu of the original recorded Assignment of Mortgage, a duplicate or conformed copy of the Assignment of Mortgage, together with a certificate of receipt from the recording office, certifying that such copy represents a true and correct copy of the original and that such original has been or is currently submitted to be recorded in the appropriate governmental recording office of the jurisdiction where the Mortgaged Property is located) to be returned to the Custodian within 270 days after the Closing Date, and added to the Mortgage Files. On the 270th day after the Closing Date (or the first Business Day thereafter) the Custodian shall deliver a final Certification in the form annexed hereby as Exhibit G to the Trustee, against receipt of the prior Certification from the Trustee for cancellation.
In the event a Certification is lost, destroyed or otherwise unavailable or a revised Certification is required, upon written request to the Custodian, the Custodian will issue a new Certification. Upon the issuance of a new Certification, the prior Certification for such Mortgage Loans shall be deemed canceled. The Custodian shall be under no duty or obligation to inspect, review or examine any documents, instruments, certificates or other papers constituting part of the Mortgage File to determine that the same are genuine, enforceable, recordable or appropriate for the represented purpose, that they have actually been recorded or that they are other than what they purport to be on their face.
Section 3.4. Release of Mortgage Files.
(a) | Upon the payment in full of a Mortgage Loan and within two Business Days of its receipt of a Request for Release, the Custodian will either (i) release the related Mortgage File to or upon the order of the requesting party, as directed in the Request for Release, or (ii) notify the requesting party in writing or in a mutually agreed upon electronic format of the Rejected Release Request and take no further action on the Request for Release. |
(b) | Upon the purchase or repurchase of any Mortgage Loan or the substitution of any Mortgage Loan pursuant to the APM MLSA, the BCM MLSA, the BP MLSA, the CAS MLSA, the CHE MLSA, the BEN MLSA, the CMC MLSA, the CSF MLSA, the CTB MLSA, the EHL MLSA, the EMM MLSA, the FAM MLSA, the FCM MLSA, the FID MLSA, the FIM MLSA, the FRB MLSA, the FRE MLSA, the GFC MLSA, the GMC MLSA, the HNB MLSA, the MFC MLSA, the MON MLSA, the PEM MLSA, the PHH MLSA, the PL MLSA, the PLZ MLSA, the PRO MLSA, the PSB MLSA, the SBT MLSA, the SFS MLSA, the SSB MLSA, the UMP MLSA or the WMC MLSA or the Pooling and Servicing Agreement and within two Business Days of its receipt of a Request for Release, the Custodian will either (i) release the related Mortgage File to or upon the order of the requesting party, as directed in the Request for Release, or (ii) notify the requesting party in writing or in a mutually agreed upon electronic format of the Rejected Release Request and take no further action on the Request for Release. |
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(c) | Upon the foreclosure of any Mortgage Loan or to facilitate modification, enforcement, and collection procedures with respect to any Mortgage Note and within two Business Days of its receipt of a Request for Release, the Custodian will either (i) release the related Mortgage File to the requesting party as directed in the Request for Release, or (ii) notify the requesting party in writing or in a mutually agreed upon electronic format of the Rejected Release Request and take no further action on the Request for Release. |
(d) | From time to time and as appropriate for the sale to a third party purchaser of any of the Mortgage Loans, the Custodian is hereby authorized, upon receipt of a Request for Release from a requesting party, to release or cause to be released to the related third party purchaser the Mortgage Loans set forth in such Request for Release together with a transmittal letter substantially in the form attached hereto as Exhibit H. Upon receipt of the payoff amount for such sale and notice thereof from the Securities Administrator, the Trustee will provide the Custodian written notification of its release of interest in such Mortgage Loans; |
(e) | Any Certification issued while any Mortgage File is held by a party other than the Custodian shall reflect that the Custodian holds such Mortgage File as custodian pursuant to this Custodial Agreement, but the Exception Report shall specify that the Custodian has released such Mortgage File to the Person specified therein pursuant to this Section 3.4. Upon receipt of a written certification from the Master Servicer or a Servicer to the Custodian that a Mortgage Loan has been liquidated, the Custodian shall thereupon reflect any such liquidation on its Mortgage Loan Schedule. |
(f) | Notwithstanding the foregoing and unless otherwise required by state law, as notified by the Master Servicer, in the event the Custodian receives a Request for Release within five (5) days of the Delivery Date, the Custodian shall have a reasonable period of time to release the Mortgage File in accordance with this Section 3.4. |
Each person initially authorized to give and receive notices, requests and instructions and to deliver certificates and documents in connection with this Custodial Agreement on behalf of the Trustee, the Depositor, APM, as an Originator, BCM, as an Originator, BEN, as an Originator, BP, as an Originator, CAS, as an Originator, CHE, as an Originator, CEN, as a Servicer, CMC, as an Originator, CSF, as an Originator, CTB, as an Originator, EHL, as an Originator, EMM, as an Originator, FAM, as an Originator, FCM, as an Originator, FID, as an Originator, FIM, as an Originator, FRB, as a Servicer and as an Originator, FRE, as an Originator, GFC, as an Originator, GMC, as an Originator, HNB, as an Originator, MFC, as an Originator, MON, as an Originator, PEM, as an Originator, PHH, as a Servicer and as an Originator, PL, as an Originator, PLZ, as an Originator, PRO, as an Originator, PSB, as an Originator, SBT, as an Originator, SFS, as an Originator, SSB, as an Originator, UMP, as an Originator and WMC, as an Originator, or as the Master Servicer, is listed, together with the specimen signature for such person, on Exhibit D-1, Exhibit D-2, Exhibit D-3A-HH and Exhibit D-4 (each person so authorized from time to time, an “Authorized Representative”).
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From time to time, the Trustee, the Depositor, the Seller, the Master Servicer, a Servicer or an Originator may deliver to the Custodian a certification in the form of Exhibit C hereof, reflecting changes in the respective list of Authorized Representatives, but the Custodian shall be entitled to rely conclusively on the each current list of Authorized Representatives until receipt of a superseding certification in the form of Exhibit C hereof.
Section 3.5. Inspection of Mortgage Files. Upon at least two Business Days prior written notice to the Custodian, a Servicer, or the agent of such Servicer, may inspect and examine, at any time during ordinary business hours of the Custodian, any or all Mortgage Files relating to Mortgage Loans serviced by such Servicer that are in the possession, or under the control of, the Custodian. Such Servicer shall pay all fees, costs, and expenses incurred by the Custodian in connection with any such inspection and/or examination.
Section 3.6. Copies of Mortgage Files. Upon at least two Business Days prior written notice to the Custodian, the Custodian shall provide the Trustee with copies of any document or documents contained in the Mortgage File for any Mortgage Loan. The Master Servicer shall pay copy fees and expenses as provided in Exhibit E attached hereto.
Section 3.7. Documents Missing from Mortgage Files. Upon the request of the Trustee or the Depositor, the Custodian shall, not later than one Business Day after receipt of such request, provide to the Depositor or the Trustee, as the case may be, a list of all the Mortgage Loans for which Custodian holds a Mortgage File pursuant to this Custodial Agreement and a list of documents missing from each Mortgage File. Such list may be in the form of a copy of the Mortgage Loan Schedule with manual deletions to specifically denote any Mortgage Loans paid off, liquidated or repurchased since the date of this Custodial Agreement.
ARTICLE 4.
CONCERNING THE CUSTODIAN
Section 4.1. Custodian May Resign: Trustee May Remove Custodian.
(a) | The Custodian may resign from the obligations and duties hereby imposed upon it as such obligations and duties relate to its acting as Custodian of any or all of the Mortgage Loans by giving 60 days’ written notice thereof to the Trustee. Upon receiving such notice of resignation, the Trustee shall either (i) take custody of the Mortgage Files itself and give prompt notice thereof to Custodian or (ii) promptly appoint a successor Custodian by written instrument, in duplicate, which instrument shall be delivered to the resigning Custodian and to the successor Custodian. If the Trustee shall not have taken custody of the Mortgage Files and no successor Custodian shall have been so appointed and have accepted appointment within 30 days after the giving of such notice of resignation, the resigning Custodian may petition any court of competent jurisdiction for the appointment of a successor Custodian. Any and all fees and expenses incurred by the Custodian relating to any such petition shall be paid by the Custodian. |
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(b) | The Trustee may remove the Custodian for cause upon 60 days’ prior written notice. In such event, the Trustee shall either (i) take custody of the Mortgage Files itself and give prompt notice thereof to Custodian or (ii) promptly appoint a successor Custodian by written instrument, in duplicate, which instrument shall be delivered to the removed Custodian and to the successor Custodian. In the event of the removal of the Custodian for cause, the Master Servicer shall pay any release fee charged by the Custodian. In the event of any such removal, the Custodian shall promptly transfer to the successor custodian, as directed by Trustee, all Mortgage Files being administered under this Custodial Agreement relating to such Mortgage Loans. The cost and expenses relating to such file transfer shall be paid by the Custodian. If the Trustee shall not have taken custody of the Mortgage Files and no successor Custodian shall have been so appointed and have accepted appointment within 30 days after the giving of such notice of removal, the removed Custodian may petition any court of competent jurisdiction for the appointment of a successor Custodian. Any and all fees and expenses incurred by the Custodian relating to any such petition shall be paid by the Custodian. |
(c) | In the event of resignation by the Custodian or removal of the Custodian by the Trustee due to a breach of this Agreement by the Custodian, then the cost and expenses of transfer of the Mortgage Files shall be the responsibility of the Custodian; provided, however, in the event that the Custodian terminates its obligations and resigns hereunder due in part to nonpayment of the Custodian’s fees or expenses that are the responsibility of the Master Servicer hereunder, then such transfer shall be at the expense of the Master Servicer. |
(d) | In the event that the Custodian moves any Mortgage File from the state where the Mortgage Files are initially kept pursuant to this Agreement, the Custodian shall provide prompt written notice to the Trustee of the location of such Mortgage File. |
(e) | No resignation or termination of the Custodian shall be effective hereunder until the Trustee or a successor Custodian acceptable to the Trustee and the Depositor has assumed the duties of Custodian hereunder. The Master Servicer shall pay all the fees and expenses of a successor Custodian to the extent any such fees and expenses are required to be paid by the Master Servicer as specified in Exhibit E. |
Section 4.2. Merger or Consolidation of Custodian. Any entity into which the Custodian may be merged or converted or with which it may be consolidated, or any entity resulting from any merger, conversion, or consolidation to which the Custodian shall be a party, or any entity succeeding to the business of the Custodian, shall be the successor of the Custodian hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.
Section 4.3. Limitation of Custodian’s Duties. The Custodian shall have no duties or obligations other than those specifically set forth herein or as may subsequently be agreed to in writing by the parties hereto. The Custodian:
(a) | may consult with counsel and any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in accordance with such opinion of counsel; and shall not be liable for any error of judgment, or for any act done or step taken or omitted by it, in good faith, unless it shall be provided that the Custodian was negligent in ascertaining the pertinent facts; |
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(b) | shall use the same degree of care and skill as is reasonably expected of financial institutions acting in comparable capacities, provided that this subsection shall not be interpreted to impose upon the Custodian a higher standard of care than that set forth herein; |
(c) | will be regarded as making no representations and having no responsibilities as to the validity, perfectibility, sufficiency, value, genuineness, ownership or transferability of the Mortgage Loans, and will not be required to and will not make any representations as to the validity, value, perfectibility, genuineness, ownership or transferability of the Mortgage Loans; |
(d) may rely on and shall be protected in acting upon any certificate, instrument, opinion, notice, letter, facsimile or other document delivered to it and in good faith believed by it to be genuine and to have been signed by the proper party or parties; may rely on and shall be protected in acting upon the written instructions of the Trustee and such employees and representatives of the Trustee as the Trustee may hereinafter designate in writing;
(g) | shall not be responsible for the validity and perfection of the Trustee’s security interest in the Mortgage Loans hereunder, other than the Custodian’s obligation to take possession of the Mortgage Files as set forth in Section 3.1 hereof, and makes no representation or warranty with respect to, the validity, adequacy or perfection of any lien upon or security interest in any Mortgage File; |
(h) | shall have no responsibility or duty with respect to any Mortgage Files while not in its possession; |
(i) | shall be under no obligation to make any investigation into the facts or matters stated in any resolution, exhibit, request, representation, opinion, certificate, statement, acknowledgement, consent, order or document in the Mortgage Files; |
(j) | shall not be liable with respect to any action taken or omitted to be taken in accordance with any written direction, instruction, acknowledgement, consent or any other communication that is from the Trustee or any other Person specified herein and that complies with the provisions of this Custodial Agreement. |
(k) | shall not be responsible for preparing or filing any reports or returns relating to federal, state or local income taxes with respect to this Custodial Agreement, other than for the Custodian’s compensation or for reimbursement of expenses; |
(l) | shall have no duty to qualify to do business in any jurisdiction, other than (i) any jurisdiction where any Mortgage File is or may be held by the Custodian from time to time hereunder, and (ii) any jurisdiction where its ownership of property or conduct of business requires such qualification and where failure to qualify could have a material adverse effect on the Custodian or its property or business or on the ability of the Custodian to perform it duties hereunder; and |
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(m) | shall have no duty to ascertain whether or not any cash amount or payment has been received by the Securities Administrator, any Servicer, any Originator, any Mortgage Loan purchaser or seller, or any other third person. |
(n) | In the event that (i) the Trustee or the Custodian shall be served by a third party with any type of levy, attachment, writ or court order with respect to any Mortgage File or any document included within a Mortgage File or (ii) a third party shall institute any court proceeding by which any Mortgage File or a document included within a Mortgage File shall be required to be delivered otherwise than in accordance with the provisions of this Custodial Agreement, the Trustee or the Custodian (whichever is the party receiving such service) shall promptly deliver or cause to be delivered to the applicable Servicer copies of all court papers, orders, documents and other materials concerning such proceedings. The Custodian shall, to the extent permitted by law and any court order, continue to hold and maintain all Mortgage Files that are the subject of such proceedings pending an order of a court of competent jurisdiction permitting or directing disposition thereof. Upon final determination of such court, and if permitted by such determination, the Custodian shall dispose of such Mortgage File or any document included within such Mortgage File as directed in writing by the applicable Servicer, which shall give a direction consistent with such court determination. Neither the Custodian nor the Trustee shall have any obligation to monitor or appear in any such proceeding on behalf of or in the name of the Trustee. Expenses and fees (including, without limitation, attorney’s fees and expenses) of the Custodian or the Trustee, as applicable, incurred as a result of such proceedings shall be reimbursed by the Trust Fund, subject to the limitations on reimbursements in clause (B) of the definition of Available Distribution Amount in the Pooling and Servicing Agreement. |
The provisions of this Section 4.3 shall survive the resignation or removal of the Custodian and the termination or transfer of this Custodial Agreement.
Section 4.4. Standard of Care; Indemnification.
(a) | The Seller agrees to indemnify and hold harmless the Custodian and each of the Custodian’s parent, affiliates, subsidiaries, directors, officers, employees and agents against any and all claims, liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever, including reasonable attorneys’ fees and expenses, that may be imposed on, incurred by, or asserted against it or them in any way relating to or arising out of this Custodial Agreement or any action taken or not taken by it or them under this Custodial Agreement or any related document or agreement unless such claims, liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements were imposed on, incurred by or asserted against Custodian solely as a result of the material breach by Custodian of its obligations hereunder, which breach was caused by negligence, bad faith, or willful misconduct on the part of the Custodian. The foregoing indemnification shall survive the termination or transfer of this Custodial Agreement, and the resignation or removal of the Custodian. |
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(b) | The Custodian shall indemnify and hold harmless the Seller, the Depositor, the Master Servicer (where the Master Servicer and the Custodian are not the same entity) and the Trustee and each of their directors, officers, employees and agents from and against any and all losses, liabilities, obligations, damages, penalties, actions, judgments, suits, claims, costs, expenses (including attorneys’ fees and related expenses), disbursements or any and all other costs and expenses of any kind or nature whatsoever that may be incurred in connection with, or arising out of, the Custodian’s willful misfeasance, bad faith or negligence in the performance of its duties hereunder or by reason of its reckless disregard for its obligations and duties hereunder, including but not limited to its failure to produce (or provide evidence of delivery of), upon any request hereunder, any Mortgage Note or other document or instrument comprising a Mortgage File after the Custodian has certified that such document or instrument was in its possession pursuant to the terms hereof. Neither the Custodian nor any of its directors, officers, agents or employees, shall be liable for any action taken or omitted to be taken by it or them hereunder or in connection herewith in good faith and believed by it or them to be within the purview of this Custodial Agreement, except as set forth above. In no event shall the Custodian or its directors, officers, agents or employees be held liable for any special, indirect or consequential damages resulting from any action taken or omitted to be taken by it or any of them hereunder or in connection herewith even if advised of the possibility of such damages. This indemnification provided in this Section 4.4(b) shall survive the termination of this Custodial Agreement and the resignation or removal of the Custodian hereunder. |
(c) | No provision of this Custodial Agreement shall require the Custodian to expend or risk its own funds or otherwise incur financial liability (other than expenses or liabilities otherwise required to be incurred by the express terms of this Custodial Agreement, including but not limited to Section 4.4(b) hereof) in the performance of its duties under this Custodial Agreement if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity is not reasonably assured to it. |
(d) | If the Seller fails to indemnify the Custodian as required in this Section 4.4, the Trust Fund shall indemnify the Custodian as required under this Section 4.4, subject to the limitation on reimbursements described in clause (B) of the definition of Available Distribution Amount in the Pooling and Servicing Agreement. |
Section 4.5. Force Majeure. The Custodian will not have any liability for failure to perform or delay in performing duties set forth herein if the failure or delay is due to an event of force majeure. A force majeure is an event or condition beyond the Custodian’s control, such as, without limitation, a natural disaster, civil unrest, state of war, or act of terrorism. The Custodian will make reasonable efforts to prevent performance delays or disruptions in the event of such occurrences.
Section 4.6. Accounting. On or before March 1st of each calendar year, beginning with March 1, 2013, unless a Form 15 suspension notice has been filed on behalf of the Trust Fund, and in each year in which the Depositor has instructed the Securities Administrator to file Exchange Act reports, the Custodian shall, at its own expense, cause a firm of independent public accountants (who may also render other services to Custodian), which is a member of the American Institute of Certified Public Accountants, to furnish to the Depositor, the Securities Administrator, the Seller and each Servicer a report to the effect that such firm that attests to, and reports on, the assessment made by such asserting party pursuant to Section 4.7 below, which report shall be made in accordance with standards for attestation engagements issued or adopted by the Public Company Accounting Oversight Board.
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Section 4.7. Compliance Certification. On or before March 1st of each calendar year, beginning with March 1, 2013, unless a Form 15 suspension notice has been filed on behalf of the Trust Fund, and in each year in which the Depositor has instructed the Securities Administrator to file Exchange Act reports, the Custodian shall deliver to the Depositor, the Securities Administrator, the Seller and each Servicer a report regarding its assessment of compliance with the servicing criteria identified in Exhibit I attached hereto, as of and for the period ending the end of the fiscal year ending no later than December 31 of the year prior to the year of delivery of the report, with respect to asset-backed security transactions taken as a whole in which the Custodian is performing any of the servicing criteria specified in Exhibit I and that are backed by the same asset type backing such asset-backed securities. Each such report shall include (a) a statement of the party’s responsibility for assessing compliance with the servicing criteria applicable to such party, (b) a statement that such party used the criteria identified in Item 1122(d) of Regulation AB (17 C.F.R. §§229.1100-229.1123, as such may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Commission in the adopting release (Asset-Backed Securities, Securities Act Release No. 33-8518, 70 Fed. Reg. 1,506, 1,531 (Jan. 7, 2005)) or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time, “Regulation AB”) (§ 229.1122(d)) to assess compliance with the applicable servicing criteria, (c) disclosure of any material instance of noncompliance identified by such party, and (d) a statement that a registered public accounting firm has issued an attestation report on such party’s assessment of compliance with the applicable servicing criteria, which report shall be delivered by the Custodian as provided in this Section 4.7.
Section 4.8. Subcontracting. The Custodian has not and shall not engage any subcontractor which is “participating in the servicing function” within the meaning of Item 1122 of Regulation AB.
ARTICLE 5.
REPRESENTATIONS AND WARRANTIES
Section 5.1. Capital Requirements. The Custodian represents, warrants, and covenants that:
(a) | The Custodian is (i) a national banking association duly organized, validly existing and in good standing under the laws of the United States and (ii) duly qualified and in good standing and in possession of all requisite authority, power, licenses, permits and franchises in order to execute, deliver and comply with its obligations under the terms of this Custodial Agreement. Nothing in this Agreement shall be deemed to impose on the Custodian any duty to qualify to do business in any jurisdiction, other than (i) any jurisdiction where any Mortgage Loan is or may be held by the Custodian from time to time hereunder, and (ii) any jurisdiction where its ownership of property or conduct of business requires such qualification and where failure to qualify could have a material adverse effect on the Custodian or its property or business or on the ability of the Custodian to perform it duties hereunder; |
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(b) | The execution, delivery and performance of this Custodial Agreement have been duly authorized by all necessary corporate action and the execution and delivery of this Custodial Agreement by the Custodian in the manner contemplated herein and the performance of and compliance with the terms hereof by it will not (i) violate, contravene or create a default under any applicable laws, licenses or permits to the best of its knowledge, or (ii) violate, contravene or create a default under any charter document or bylaw of the Custodian or, to the best of the Custodian’s knowledge, any contract, agreement or instrument to which the Custodian or by which any of its property may be bound and will not result in the creation of any lien, security interest or other charge or encumbrance upon or with respect to any of its property; |
(c) | The execution and delivery of this Custodial Agreement by the Custodian and the performance of and compliance with its obligations and covenants hereunder do not require the consent or approval of any governmental authority, or, if such consent or approval is required, it has been obtained; and |
(d) | This Custodial Agreement, and each Certification issued hereunder, when executed and delivered by the Custodian will constitute valid, legal and binding obligations of the Custodian, enforceable against the Custodian in accordance with their respective terms, except (i) as the enforcement thereof may be limited by applicable debtor relief laws and (ii) that certain equitable remedies may not be available regardless of whether enforcement is sought in equity or at law. |
(e) | Unless the Custodian notifies the Trustee and the Depositor in writing not less than thirty (30) days prior to any transfer of the Mortgage Files, such files will be held by the Custodian, in the Custodian’s sole discretion, in the State of Minnesota. |
(f) | The Custodian represents and warrants that the Custodian is a depository institution or a trust company subject to supervision or examination by a federal or state authority and has the combined capital and surplus of at least $50 million. |
Section 5.2. No Claims to Mortgage Loans. The Custodian, solely in its capacity as Custodian, represents and warrants that (i) it took possession of the Mortgage Loans on behalf of the Trustee, to the best of its knowledge, without written notice of any adverse claim, lien, charge, encumbrance or security interest (including without limitation, federal tax liens or liens arising under the Employee Retirement Income Security Act of 1974, as amended), (ii) except as permitted in this Custodial Agreement, it does not and will not, in its capacity as Custodian, assert any claim or interest in the Mortgage Loans and will hold such Mortgage Loans pursuant to the terms of this Custodial Agreement, and (iii) it has not encumbered or transferred its right, title or interest as Custodian in the Mortgage Loans other than to, or as directed by, the Trustee. Notwithstanding any other provisions of this Custodial Agreement and without limiting the generality of the foregoing, the Custodian shall not at any time exercise or seek to enforce any claim, right or remedy, including any statutory or common law rights of set-off, if any, that the Custodian may otherwise have against all or any part of a Mortgage File, Mortgage Loan or proceeds of either.
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ARTICLE 6.
COVENANTS
Section 6.1. Insurance. The Custodian will, at its own expense, maintain in full force and effect at all times during the term of this Custodial Agreement the following:
(a) | fidelity insurance; |
(b) | errors and omissions insurance; |
(c) | theft of documents insurance; and |
(d) | forgery insurance. |
All such insurance shall be in amounts with standard coverage and subject to deductibles as is customary for insurance typically maintained by banking institutions or trust companies which act as custodians. A certificate of the respective insurer as to each such policy shall be furnished to the Trustee, upon request.
Section 6.2. Storage of Mortgage Files. The Custodian will segregate and store the Mortgage Files in secure, fire resistant storage facilities in accordance with customary controls on access regarding the safety and security of the Mortgage Files.
ARTICLE 7.
MISCELLANEOUS
Section 7.1 Notices. Any notice, demand or consent, required or permitted by this Custodial Agreement shall be in writing and shall be effective and deemed delivered only when received by the party to which it is sent. Any such notice, demand or consent shall be deemed to have been duly given if (i) personally delivered, (ii) mailed by registered mail, postage prepaid, (iii) delivered by overnight courier, or (iv) transmitted via email, telegraph or facsimile, in each instance at the address listed below, or such other address as may hereafter be furnished by any party to the other parties in writing:
If to the Custodian:
Wells Fargo Bank, N.A.
751 Kasota Avenue
Minneapolis, MN 55414
Attention: Document Custody – Sequoia Mortgage Trust 2012-5
If to the Master Servicer:
Wells Fargo Bank, N.A.
P.O. Box 98
Columbia, MD 21046
Attention: Client Manager – Sequoia Mortgage Trust 2012-5
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(or, for overnight deliveries,
9062 Old Annapolis Road
Columbia, MD 21045
Attention: Client Manager – Sequoia Mortgage Trust 2012-5)
If to the Trustee:
Christiana Trust, a division of Wilmington Savings Fund Society, FSB
500 Delaware Avenue, 11th Floor
Wilmington, DE 19801
Attention: Corporate Trust - Sequoia Mortgage Trust 2012-5
If the Depositor:
Sequoia Residential Funding, Inc.
One Belvedere Place, Suite 330
Mill Valley, CA 94941
If to the Seller:
Redwood Residential Acquisition Corporation
One Belvedere Place, Suite 330
Mill Valley, CA 94941
Attention: Sequoia Mortgage Trust 2012-5
If to APM:
American Pacific Mortgage Corporation
3000 Lava Ridge Court, Suite 200
Roseville, California 95661
Attention: Chito Schnupp, EVP
If to BCM:
Bank of Commerce Mortgage
3130 Crow Canyon Place – Suite 300
San Ramon, California 94583
Attention: Scott M. Simonich
If to BEN:
Benchmark Bank
5700 Legacy Drive – Suite 10
Plano, Texas 75024
Attention: Kay Roubadeaux
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If to BP:
Boston Private Bank & Trust Company
Ten Post Office Square
Boston, MA 02109
Attention: Kelly Kearns
If to CAS:
Castle & Cooke Mortgage, LLC
2735 East Parley’s Way, Suite 305
Salt Lake City, UT 84109
Attention: Buck Hawkins
If to CHE:
Cherry Creek Mortgage Co., Inc.
7600 E. Orchard Rd. Ste 250N
Greenwood Village, Colorado 80111
Attention: Jerry Kaplan
If to CEN:
Cenlar FSB
425 Phillips Boulevard
Ewing, NJ 08618
With a copy address to Corporate Counsel at the same address
If to CMC:
Cornerstone Mortgage Company
1177 West Loop South Suite 200
Houston, TX 77027
Attention: Daniel Cooper
If to CSF:
Colonial Savings, F.A.
2626 West Freeway
Fort Worth, Texas
If to CTB:
Cole Taylor Bank
7789 East M-36
Whitmore Lake, MI 48189
Attention: Phil Miller
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With a copy to
Cole Taylor Bank
9550 W. Higgins Road
Rosemont, IL 960018
Chicago, IL 60606
Attention: General Counsel
If to EHL:
Embrace Home Loans, Inc.
25 Enterprise Center
Newport, RI 02842
Attention: Brian Gilpin
If to EMM:
Evergreen Moneysource Mortgage Company dba Evergreen Home Loans
915 118th Avenue SE, Suite 300
Bellevue, WA 98005
Attention: Secondary Marketing
With a copy to the General Counsel at the same address
If to FAM:
Franklin American Mortgage Company
501 Corporate Centre Drive, Suite 400
Franklin, Tennessee 37067
Attention: Kelly C. Johnson
If to FCM:
Flagstar Capital Markets Corporation
5151 Corporate Drive
Troy, Michigan 48098
Attention: Product Development Department
If to FID:
Fidelity Bank dba Fidelity Bank Mortgage
3 Corporate Square, 7th Floor
Atlanta, GA
Attention: John Pruitt
If to FIM:
Fairway Independent Mortgage Corporation
6652 Pinecrest Dr., Suite 200
Plano, TX 75287
Attention: Paola Kielblock
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If to FRB:
First Republic Bank
111 Pine Street
San Francisco, CA 94111
Attention: Tony Sachs
If to FRE:
Fremont Bank
25151 Clawiter Rd.
Hayward, CA 94545
Attention: Gary DeLuca, Residential Lending
If to GFC:
GuardHill Financial Corp
140 East 45th Street, 31st Floor
New York, NY, 10017
If to GMC:
Guild Mortgage Company
5898 Copley Drive, 5th floor
San Diego, CA 92111
If to HNB:
The Huntington National Bank
Huntington Mortgage Group
7575 Huntington Park Drive
Columbus, OH 43235
Attention: Secondary Marketing
If to MFC:
MegaStar Financial Corporation
1080 Cherokee Street
Denver, CO 80204
If to MON:
Monarch Bank
2809 S Lynnhaven Road Suite 200
Virginia Beach, Virginia 23452
Attention: William T. Morrison EVP
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If to PEM:
Paramount Equity Mortgage
8781 Sierra College Blvd.
Roseville, CA 95661
Attention: Jason Walker
If to PHH:
PHH Mortgage Corporation
One Mortgage Way
Mt. Laurel, NJ 08054
Attention: Vice President, Servicing
If to PL:
PrimeLending, a PlainsCapital Company
18111 Preston Road, Suite 900
Dallas, Texas 75252
Attention: Mr. Scott Eggen, SVP
If to PLZ:
Plaza Home Mortgage, Incorporated
5090 Shoreham Place, Suite 206
San Diego, CA 92122
Attention: Michael Fontaine
If to PRO:
Prospect Mortgage, LLC
15301 Ventura Blvd., Suite D300
Sherman Oaks, CA 91403
Attention: Chief Credit Officer
If to PSB:
Provident Savings Bank
3756 Central Avenue
Riverside, CA 92506
Attention: Mac Drew
28 |
If to SBT:
Stifel Bank and Trust
955 Executive Parkway, Suite 216
St. Louis, MO 63141
Attention: Mark Della Camera
If to SFS:
United Shore Financial Services, LLC
555 S. Adams Road
Birmingham, MI 48009
Attention: Michael Castleforte
If to SSB:
Sterling Savings Bank Home Loan Division
6505 218th St SW, Suite 9
Mountlake Terrace, WA, 98043
Attention: Kathrine Shairrick, Loan Servicing
If to UMP:
Umpqua Bank
6610 SW Cardinal Lane, Ste. 300
Tigard, OR 97224
Attention: Ronald Stroble
If to WMC:
Wintrust Mortgage,
a division of Barrington Bank and Trust Company, N.A.
1S660 Midwest Road, Suite 100
Oakbrook Terrace, Illinois 60181
Attention: Loss Mitigation
Section 7.2. Entire Agreement. This Custodial Agreement contains the entire agreement among the parties hereto with respect to the subject matter hereof, and supersedes all prior and contemporaneous agreements, understandings, inducements and conditions, express or implied, oral or written, of any nature whatsoever with respect to the subject matter hereof, including any prior custodial agreements. The express terms hereof control and supersede any course of performance and/or usage of the trade inconsistent with any of the terms hereof, and no implied covenants or obligations shall be read into this Custodial Agreement concerning the Custodian. This Custodial Agreement may not be modified or amended other than by an agreement in writing signed by the parties hereto.
29 |
Section 7.3. Binding Nature of Agreement: Assignment. This Custodial Agreement shall be binding upon and inure to the benefit of the Custodian and the Trustee and their respective and permitted assigns. The Trustee may assign its interest in any of the Mortgage Loans held under this Custodial Agreement to a successor trustee pursuant to the Pooling and Servicing Agreement, by delivery of the following to the Custodian: (a) written notice of such assignment identifying the Mortgage Loans to be assigned and the assignee of such Mortgage Loans and (b) a written agreement of such assignee to assume all obligations of the Trustee under this Custodial Agreement with respect to such Mortgage Loans. Upon receipt of any such written notice of assignment and written assumption of obligations, the Custodian shall treat such assignee as the Trustee for all purposes of this Custodial Agreement. The Custodian shall not assign, transfer, pledge or grant a security interest in any of its rights, benefits or privileges hereunder, nor shall the Custodian delegate or appoint any other person or entity to perform or carry out any of its duties, responsibilities or obligations under this Custodial Agreement, without the prior written consent of the Trustee.
Section 7.4. Governing Law. This Custodial Agreement and all questions relating to its validity, interpretation, performance and enforcement shall be governed by and construed, interpreted and enforced in accordance with the laws of the State of New York notwithstanding any law, rule, regulation, or other conflict-of-law provisions to the contrary.
Section 7.5. Recordation of Agreement. To the extent permitted by applicable law, this Custodial Agreement is subject to recordation in all appropriate public offices for real property records in all the counties or other comparable jurisdictions in which any or all of the properties subject to the mortgages are situated, and in any other appropriate public recording office or elsewhere, such recordation to be effected by each Servicer in its sole discretion.
Section 7.6. Agreement for the Exclusive Benefit of Parties. This Custodial Agreement is for the exclusive benefit of the parties hereto and their respective successors and permitted assigns, and shall not be deemed to create or confer any legal or equitable right, remedy or claim upon any other Person whatsoever, except that the holders of the Mortgage Certificates shall be third party beneficiaries of this Custodial Agreement.
Section 7.7 Counterparts. This Custodial Agreement may be executed simultaneously in any number of counterparts, each of which counterparts shall be deemed to be an original, and such counterparts shall constitute one and the same instrument.
Section 7.8. Indulgences: Not Waivers. Neither the failure nor any delay on the part of a party hereto to exercise any right, remedy, power or privilege under this Custodial Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of any other right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver shall be effective unless it is in writing and is signed by the party asserted to have granted such waiver.
30 |
Section 7.9. Titles Not to Affect Interpretation. The titles of sections and subsections contained in this Custodial Agreement are for convenience only and they neither form a part of this Custodial Agreement nor are they to be used in the construction or interpretation hereof.
Section 7.10. Provisions Separable. The provisions of this Custodial Agreement are independent of and separable from each other and no provision shall be affected or rendered invalid or unenforceable by virtue of the fact that for any reason any other or others of them may be valid or unenforceable in whole or in part.
Section 7.11. Conflict or Inconsistency. In the event of any conflict or inconsistency between the terms and provisions of this Custodial Agreement and the terms and provisions of any contract, instrument or other agreement between Custodian and any third party, the terms and provisions of this Custodial Agreement shall control, provided, however, that in the event of any conflict or inconsistency between the terms of this Custodial Agreement and the instructions of the Trustee, the Trustee’s instructions shall control.
Section 7.12. Waiver of Trial by Jury. The parties hereto each knowingly, voluntarily and intentionally waives to the fullest extent permitted by applicable law any right it may have to a trial by jury of any dispute arising under or relating to this Custodial Agreement or the transactions contemplated hereby.
Section 7.13. Submission To Jurisdiction; Waivers. Each party hereto hereby irrevocably and unconditionally:
(a) | submits for itself and its property in any legal action or proceeding relating to this Custodial Agreement, or for recognition and enforcement of any judgment in respect thereof, to the non-exclusive jurisdiction of the courts of the State of New York, the federal courts of the United States of America for the Southern District of New York, and any appellate courts from any thereof; |
(b) | consents that any such action or proceeding may be brought in such courts and, to the extent permitted by applicable law, waives any objection that it may now or hereafter have to the venue of any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; |
(c) | agrees that the service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail, postage prepaid, to its address set forth herein or at such other address of which the other party shall have been notified; and |
(d) | agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction. |
Section 7.14. Non-petition. Notwithstanding anything in this Custodial Agreement to the contrary, the Custodian, in its capacity as custodian hereunder, shall not, prior to the date which is one year and one day after the termination of this Custodial Agreement, with respect to the Depositor or the Trustee, acquiesce, petition or otherwise invoke or cause the Depositor or the Trustee (or any assignee) to invoke the process of the court or governmental authority for the purpose of commencing or sustaining a case against the Depositor or the Trustee under any federal or state bankruptcy, insolvency or similar law, or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Depositor or the Trustee or any substantial part of its property or ordering the winding up or liquidation of the affairs of the Depositor or the Trustee.
31 |
Section 7.15 Termination. Unless terminated earlier pursuant to Section 4.1, this Custodial Agreement shall terminate upon the earlier of (a) the repurchase of all of the Mortgage Loans pursuant to the APM MLSA, the BCM MLSA, the BEN MLSA, the BP, MLSA, the CAS MLSA, the CHE MLSA, the CMC MLSA, the CSF MLSA, the CTB MLSA, the EHL MLSA, the EMM MLSA, the FAM MLSA, the FCM MLSA, the FID MLSA, the FIM MLSA, the FRB MLSA, the FRE MLSA, the GFC MLSA, the GMC MLSA, the HNB MLSA, the MFC MLSA, the MON MLSA, the PEM MLSA, the PHH MLSA, the PL MLSA, the PLZ MLSA, the PRO MLSA, the PSB MLSA, the SBT MLSA, the SFS MLSA, the SSB MLSA, the UMP MLSA or the WMC MLSA, or pursuant to the Pooling and Servicing Agreement, which repurchase shall be evidenced by a notice from the Securities Administrator to the Custodian stating that beneficial ownership of the Mortgage Loans has been transferred to their purchaser or purchasers, (b) the Custodian’s receipt of written notice from the Securities Administrator of the final payment or liquidation of the final Mortgage Loan held by the Custodian under this Custodial Agreement or the disposition of all property acquired upon foreclosure or deed in lieu of foreclosure of any such Mortgage Loan, or (c) the final payment date of the Certificates as evidenced by a notice from the Securities Administrator to the Custodian, a copy of which notice shall be simultaneously delivered to the Depositor, and delivery of the Mortgage Files pursuant to the Trustee’s instructions. Upon termination of this Custodial Agreement, the related Mortgage Files will be released by the Custodian in accordance with the Trustee’s written instructions.
[Signatures appear on the following page.]
32 |
IN WITNESS WHEREOF, the parties have entered into this Custodial Agreement as of the date on the cover page of this Custodial Agreement.
CHRISTIANA TRUST, a division of | |
Wilmington Savings Fund Society, FSB, not in its | |
individual capacity, but solely as Trustee | |
By: | |
Name: | |
Title: | |
Wells Fargo Bank, N.A., as Custodian | |
By: | |
Name: | |
Title: | |
Wells Fargo Bank, N.A., as Master Servicer | |
By: | |
Name: | |
Title: | |
Sequoia Residential Funding, Inc., | |
as Depositor | |
By: | |
Name: | |
Title: | |
Redwood Residential Acquisition | |
Corporation, as Seller | |
By: | |
Name: | |
Title: |
EXHIBIT A
DELIVERY INSTRUCTIONS
Wells Fargo DOCUMENT CUSTODY
Address & Contact Name: | Wells Fargo Bank, N.A. | |
Attn: Private Certifications | ||
751 Kasota Avenue | ||
Minneapolis, MN 55414 |
Notification of Transfer: Please notify ____________ at (612)______ with the anticipated date of the transfers and the number of loan files to be sent to Wells Fargo Bank, N.A.
Shipping instructions:
· | Documents placed in a pocket file folder (legal size) |
· | Labels, affixed to the upper right hand corner of the legal-size pocket file folder, including Issuer Name, Previous Loan # (if any), Borrower Name, Loan # |
· | Loan files placed in sequential, numerical loan number order inside archive boxes |
· | A packing list, consisting of a list of the loans and the box number, must be included in each box |
· | Each box must be marked on the outside to identify its contents as follows: Investor/Seller/Funding Date/Box 1 of __ , Ln # 100000–100200 |
EXHIBIT B
DATA FORMAT
Each column must contain the column header indicated in the new CSV Field Header name column on the attached grid.
Each column is separated by a comma; if data in a column contains valid commas, that data is surrounded by double quotes; so the file is comma delimited and double quote text qualified. Double quotes are only required when the data contains commas that do not indicate a new column.
Dates are required to be formatted as follows: MM/DD/YYYY
All data should be formatted as Text. The TYPE referred to below is a listing of what the field type on the collateral tracking system is. This is to assist in identifying what data is importable to a specific field and what is not. For example a value of ‘Monday’ would not be importable to the Rate field as Rate is a numeric field and the value of ‘Monday’ is text characters.
Char and Varchar = Any text up to the length specified, can be any combo of letters numbers that fit within the maximum field length
Numeric = Only numbers. Precision is found under formatting. For example 3.3 = 123.123, 6.2 = 123456.12
Small int = A number between 0 and 32,000
Tiny Int = 0 or 1 (0 = unchecked, 1 = checked).
Integer = Numeric without decimals.
*Required
Field Header Name | Type | Formatting | Max Length | Description | ||||
COLL_KEY* | Char(20) | 20 | Collateral Id | |||||
ALT_ID | Char(20) | 20 | Alternate id | |||||
BORROWER* | Varchar(60) | 60 | Borrower 1 Last Name | |||||
CASENUM | Char(20) | 20 | Case Number | |||||
CLOSED | Small Date | MM/DD/YYYY | 10 | Closed Date | ||||
FIRSTDUE | Small Date | MM/DD/YYYY | 10 | First Due Date | ||||
MATURITY* | Small Date | MM/DD/YYYY | 10 | Maturity Date | ||||
RATE* | Numeric | 3.6 | 9 | Rate | ||||
LNAMOUNT* | Numeric | 12.2 | 14 | Original Loan Amount | ||||
PI | Numeric | 6.2 | 8 | Payment & Interest | ||||
STATE* | Char(2) | 2 | State | |||||
CITY* | Varchar(60) | 60 | City | |||||
ZIP* | Varchar(10) | 10 | Zip Code | |||||
ADDRESS* | Varchar(60) | 60 | Address | |||||
ARMADJ* | Small Date | MM/DD/YYYY | 10 | ARM Adjust Date | ||||
ARMCONV | Char(1) | 1 | ARM Convertability | |||||
ARMROUND | Numeric | 3.6 | 9 | ARM Round | ||||
ARMACAP* | Numeric | 3.6 | 9 | ARM Annual Cap | ||||
ARMLCAP* | Numeric | 3.6 | 9 | ARM Life Cap | ||||
ARMMARGIN* | Numeric | 3.6 | 9 | ARM Margin | ||||
ARMFLOOR | Numeric | 3.6 | 9 | ARM Floor | ||||
ARMINDEX | Varchar(10) | 10 | ARM Index Source | |||||
ARMIDXRATE | Numeric | 3.6 | 9 | ARM Index Rate |
Field Header Name | Type | Formatting | Max Length | Description | ||||
ARMLOOKBAK | Small Int | 1 | 5 | ARM Look back | ||||
MERSMIN* | Char(18) | 18 | Mers Min Number | |||||
MERSFLAG* | TinyInt | 1 | 1 | MERS Flag (1=Checked 0 = Unchecked) | ||||
BOOKPAGE | Char(10) | 10 | Instrument Book and Page number | |||||
CTRLNUM | Varchar(7) | 7 | Control Number | |||||
INSTRUMENT | Varchar(20) | 20 | Instrument Number | |||||
RECORDED | Small Date | MM/DD/YYYY | 10 | Recorded Date | ||||
CURR_UPB | Numeric | 12.2 | 14 | Current Unpaid Principal Balance | ||||
INVEST_KEY | Char(20) | 20 | Investor Id | |||||
ISMOM | TinyInt | 1 | 1 | MOM Flag (1 = Checked 0 = Unchecked) | ||||
TRUSTNUM | VarChar(40) | 40 | Trust Number | |||||
UDF_CHAR1* | Varchar(40) | 40 | User Defined Character Field 1 (co-op) | |||||
UDF_CHAR2 | Varchar(40) | 40 | User Defined Character Field 2 | |||||
UDF_DATE1 | Small Date | MM/DD/YYYY | 10 | User Defined Date Field 1 | ||||
UDF_DATE2 | Small Date | MM/DD/YYYY | 10 | User Defined Date Field 2 | ||||
UDF_DOL1 | Numeric | 12.2 | 14 | User Defined Dollar Field 1 | ||||
UDF_DOL2 | Numeric | 12.2 | 14 | User Defined Dollar Field 2 | ||||
UDF_PCT1 | Numeric | 4.6 | 10 | User Defined Percentage Field 1 | ||||
UDF_PCT2 | Numeric | 4.6 | 10 | User Defined Percentage Field 2 | ||||
UDF_INT1 | Integer | 7 | 7 | User Defined Integer Field 1 | ||||
UDF_INT2 | Integer | 7 | 7 | User Defined Integer Field 2 | ||||
VINNUM | Varchar(20) | 20 | Vehicle Identification Number | |||||
MAKE | Varchar(10) | 10 | Vehicle Make | |||||
MODEL | Varchar(10) | 10 | Vehicle Model | |||||
YEAR | Varchar(4) | 4 | Vehicle Year | |||||
ASSTDESC | Varchar(25) | 25 | Description Of The Asset | |||||
LTV | Numeric | 3.1 | 4 | Loan To Value Ratio | ||||
TERM | Varchar(3) | 3 | Loan or Lease Term | |||||
Address2 | Varchar(30) | 30 | Address 2 | |||||
BORR1FIRST* | Varchar(30) | 30 | Borrower 1 First name | |||||
BORR1MID | Varchar(30) | 30 | Borrower 1 Middle Name | |||||
BORR2FIRST | Varchar(30) | 30 | Borrower 2 First Name | |||||
BORR2MID | Varchar(30) | 30 | Borrower 2 Middle Name | |||||
BORR2LAST | Varchar(60) | 60 | Borrower 2 Last Name | |||||
ARMCEIL | Numeric | 2.3 | 5 | ARM Ceiling | ||||
COUNTY | Varchar | 40 | County | |||||
RATECHGFRQ | Small Int | 5 | Rate Change Frequency – In months | |||||
BALLOONFLG | TinyInt | 1 | Balloon Flag (1 = Checked 0 = Unchecked) | |||||
BALLOONTRM | Small Int | 5 | Balloon Term – In months | |||||
IO_FLAG | TinyInt | 1 |
Interest Only Flag (1 = Checked 0 = Unchecked) | |||||
IO_TERM | Small Int | 5 | Interest Only Term – In months | |||||
ARMPFLRINI | Numeric | 3.6 | 9 | Initial Periodic Rate Floor | ||||
ARMPCAPINI | Numeric | 3.6 | 9 | Initial Periodic Rate Cap | ||||
ARMPFLOOR | Numeric | 3.6 | 9 | Periodic Rate Floor | ||||
ROUND_METH | TinyInt | 1 |
Arm Loan Rounding Method ( 0=Round Nearest, 1=Round Up, 2=Round Down, 3=None ) | |||||
INTAMOUNT | Numeric | 12.2 | 14 | Interest Amount | ||||
FUNDDATE | Small Date | MM/DD/YYYY | 10 | Funding Date |
Field Header Name | Type | Formatting | Max Length | Description | ||||
NEGAMFLAG | TinyInt | 1 |
Negative Amortization Flag (1 = Checked 0 = Unchecked) | |||||
NEGAMCAP | Numeric | 3.6 | 9 | Negative Amortization Cap | ||||
PAYCAP | Numeric | 12.2 | 14 | Payment Cap Amount | ||||
PREPAYTERM | Small Int | 5 | Prepayment Term | |||||
PPP_FLAG | TinyInt | 1 |
Prepayment Penalty Flag (1 = Checked 0 = Unchecked) | |||||
PPP_DESCR | Varchar(254) | 254 | Prepayment Penalty Description | |||||
PPP_PCT | Numeric | 3.6 | 9 | Prepayment Penalty Percent | ||||
SERVICER_LOAN_ID | Varchar(20) | 20 | Servicer Loan Number | |||||
ADDITIONAL_LOAN_ID | Varchar(20) | 20 | Additional Loan Number | |||||
EXHIBIT C
AUTHORIZED REPRESENTATIVES CERTIFICATION
TO: Wells Fargo Bank Document Custody
Reference is hereby made to the Custodial Agreement, dated as of October 1, 2012, between Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee, Redwood Residential Acquisition Corporation, as Seller, Sequoia Residential Funding, Inc., as Depositor, Wells Fargo Bank, N.A., as Master Servicer, and Wells Fargo Bank, N.A., as Custodian (the “Custodial Agreement”).
Effective ________________ (date), the undersigned, a duly authorized representative of [[APM/BCM/BEN/BP/CAS/CHE/CEN/CMC/CSF/CTB/EHL/EMM/FAM/FCM/FID/FIM/FRB/FRE/GFC/GMC/HNB/MFC/MON/PEM/PHH/PL/PLZ/PRO/PSB/SBT/SFS/SSB/UMP/WMC], as [Servicer/Originator][Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee][Sequoia Residential Funding, Inc., as Depositor][Wells Fargo Bank, N.A., as Master Servicer], hereby designates each of the persons whose names, titles, and signatures appear below as an Authorized Representative under the Custodial Agreement. This authorization will remain in place until such time as it is revoked, amended or supplemented in writing, by an officer of the Trustee or the Servicer.
Capitalized terms not defined herein shall have the meaning ascribed to them in the Custodial Agreement.
Name | Title | Specimen Signature | ||
The above named company agrees to immediately notify Wells Fargo Bank, N.A., or its successors or assigns (“Wells Fargo”), should any person named hereunder become ineligible as an Authorized Representative and shall indemnify Wells Fargo and hold it harmless from and against any actions and/or suits whether groundless or otherwise and from and against any losses, damages, costs, charges, counsel fees, payments, expenses and liabilities (“Losses”) arising directly out of any action as an Authorized Representative under the Custodial Agreement of any person named in this list, except for liability arising out of Wells Fargo’s negligence, wilful misconduct or bad faith. These indemnity provisions shall survive the termination or assignment of the pools or loans.
IN WITNESS WHEREOF, the undersigned has executed this certificate for and on behalf of [[APM/BCM/BEN/BP/CAS/CHE/CEN/CMC/CSF/CTB/EHL/EMM/FAM/FCM/FID/FIM/FRB/FRE/GFC/GMC/HNB/MFC/MON/PEM/PHH/PL/PLZ/PRO/PSB/SBT/SFS/SSB/UMP/WMC], as [Servicer/Originator][Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee][Sequoia Residential Funding, Inc., as Depositor][Wells Fargo Bank, N.A., as Master Servicer], this __ day of ______________, ___.
By (signature): | ||
Name: | ||
Title: |
Phone #: | Fax #: |
This form must be signed by an officer of the company. The officer needs to be someone other than those individuals who are being added as authorized signers.
ACKNOWLEDGEMENT:
(Individual)
State of__________________________ }ss.
County of ________________________________ }ss.
This instrument was acknowledged before me on | (date) by | ||
(Seal) | (Signature of notarial officer) | ||
My Commission Expires: |
EXHIBIT D-1
INITIAL AUTHORIZED REPRESENTATIVES OF THE TRUSTEE
Name | Title | Specimen Signature | ||
EXHIBIT D-2
INITIAL AUTHORIZED REPRESENTATIVES OF THE DEPOSITOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3A
INITIAL AUTHORIZED REPRESENTATIVES OF AMERICAN PACIFIC MORTGAGE CORPORATION, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3B
INITIAL AUTHORIZED REPRESENTATIVES OF SIMONICH CORPORATION, dba BANK OF COMMERCE MORTGAGE, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3C
INITIAL AUTHORIZED REPRESENTATIVES OF BENCHMARK BANK, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3D
INITIAL AUTHORIZED REPRESENTATIVES OF BOSTON PRIVATE BANK & TRUST COMPANY, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3E
INITIAL AUTHORIZED REPRESENTATIVES OF CASTLE & COOKE MORTGAGE, LLC, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3F
INITIAL AUTHORIZED REPRESENTATIVES OF CENLAR FSB, AS SERVICER
Name | Title | Specimen Signature | ||
EXHIBIT D-3G
INITIAL AUTHORIZED REPRESENTATIVES OF CHERRY CREEK MORTGAGE CO., INC., AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3H
INITIAL AUTHORIZED REPRESENTATIVES OF COLE TAYLOR BANK, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3I
INITIAL AUTHORIZED REPRESENTATIVES OF COLONIAL SAVINGS, F.A., AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3J
INITIAL AUTHORIZED REPRESENTATIVES OF CORNERSTONE MORTGAGE COMPANY, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3K
INITIAL AUTHORIZED REPRESENTATIVES OF EMBRACE HOME LOANS, INC., AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3L
INITIAL AUTHORIZED REPRESENTATIVES OF EVERGREEN MONEYSOURCE MORTGAGE COMPANY DBA EVERGREEN HOME LOANS, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3M
INITIAL AUTHORIZED REPRESENTATIVES OF FAIRWAY INDEPENDENT MORTGAGE CORPORATION, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3N
INITIAL AUTHORIZED REPRESENTATIVES OF FIDELITY BANK DBA FIDELITY BANK MORTGAGE, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3O
INITIAL AUTHORIZED REPRESENTATIVES OF FIRST REPUBLIC BANK, AS SERVICER AND AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3P
INITIAL AUTHORIZED REPRESENTATIVES OF FLAGSTAR CAPITAL MARKETS CORPORATION, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3Q
INITIAL AUTHORIZED REPRESENTATIVES OF FRANKLIN AMERICAN MORTGAGE COMPANY, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3R
INITIAL AUTHORIZED REPRESENTATIVES OF FREMONT BANK, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3S
INITIAL AUTHORIZED REPRESENTATIVES OF GUARDHILL FINANCIAL CORPORATION, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3T
INITIAL AUTHORIZED REPRESENTATIVES OF GUILD MORTGAGE COMPANY, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3U
INITIAL AUTHORIZED REPRESENTATIVES OF THE HUNTINGTON NATIONAL BANK, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3V
INITIAL AUTHORIZED REPRESENTATIVES OF MEGASTAR FINANCIAL CORPORATION, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3W
INITIAL AUTHORIZED REPRESENTATIVES OF MONARCH BANK, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3X
INITIAL AUTHORIZED REPRESENTATIVES OF PARAMOUNT EQUITY MORTGAGE, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3Y
INITIAL AUTHORIZED REPRESENTATIVES OF PHH MORTGAGE CORPORATION, AS SERVICER AND AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3Z
INITIAL AUTHORIZED REPRESENTATIVES OF PRIMELENDING, A PLAINSCAPITAL COMPANY, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3AA
INITIAL AUTHORIZED REPRESENTATIVES OF PLAZA HOME MORTGAGE, INCORPORATED, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3BB
INITIAL AUTHORIZED REPRESENTATIVES OF PROSPECT MORTGAGE, LLC, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3CC
INITIAL AUTHORIZED REPRESENTATIVES OF PROVIDENT SAVINGS BANK, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3DD
INITIAL AUTHORIZED REPRESENTATIVES OF STERLING SAVINGS BANK, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3EE
INITIAL AUTHORIZED REPRESENTATIVES OF STIFEL BANK AND TRUST, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3FF
INITIAL AUTHORIZED REPRESENTATIVES OF UMPQUA BANK, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3GG
INITIAL AUTHORIZED REPRESENTATIVES OF UNITED SHORE FINANCIAL SERVICES, LLC, AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-3HH
INITIAL AUTHORIZED REPRESENTATIVES OF WINTRUST MORTGAGE, A DIVISION OF BARRINGTON BANK AND TRUST COMPANY, N.A., AS ORIGINATOR
Name | Title | Specimen Signature | ||
EXHIBIT D-4
INITIAL AUTHORIZED REPRESENTATIVES OF WELLS FARGO BANK, N.A., AS MASTER SERVICER
Name | Title | Specimen Signature | ||
EXHIBIT E
Wells Fargo Bank, N.A.
SCHEDULE OF FEES FOR CUSTODY SERVICES
All fees described below to be paid by the Master Servicer as set forth in the Custodial Agreement, except as described under “Shipping.”
Transaction Charges:1
Annual Safekeeping Fee:
Per Mortgage File held at end of month
Final/trailing Documents – Rejected Trailing/Final Documents
Includes filing of documents in the Mortgage File,
Per occurrence
Release Requests/Rejected Release Requests
Standard Release
-48 hour turnaround time, excludes shipping expense
-Requests returned for Mortgage Files not in custody or improperly prepared
Requests for Release
Rush Release Requests
24 hour turnaround time, excludes shipping expense
Shipping
The applicable Servicer shall be required to pay shipping expenses for any Mortgage File if there has been a breach of any representation or warranty made with respect to the related Mortgage Loan in the related servicing agreement resulting in the repurchase of such Mortgage Loan by such Servicer. In all other cases where any Mortgage Files are required to be shipped to any party, the Depositor shall pay the related shipping expenses; provided, however, that if the Depositor fails to pay such expenses within 45 days of invoicing from the Custodian, such expenses shall be paid by the Trust Fund, subject to the limitations on reimbursements in clause (B) of the definition of Available Distribution Amount in the Pooling and Servicing Agreement.
File Reinstatements/Rejected File Reinstate
Reinstatements that cannot be accepted because the file is incomplete
Trust Receipts/ Certifications /Bailee Letters
Issuance of bailee letters, trust receipts, if applicable. Per receipt/letter
File Pull Fee
Per file includes research, etc.
Labeling of files
Includes the preparation and application of labels to files
Endorsement and Assignment Stamping
Per endorsement or assignment
Copies of Documents
Pull fee per file
Per single sided copy
Costs of special projects requiring copies of more than 5% of the Mortgage Files shall be negotiated with and paid by the requesting party.
Interfiling fee
Includes placing loan files or documents in loan number order. Per file or document.
File Folders Includes placing documents not received in manila folder
1 Fee amount to be provided to the Master Servicer by the Custodian
EXHIBIT F
REQUEST FOR RELEASE OF DOCUMENTS
To: | Wells Fargo Bank, N.A. | Date: _______________ |
751 Kasota Avenue | ||
Minneapolis, MN 55414 | ||
Attn: WFDC Release Department |
Re: | Custodial Agreement, dated as of October 1, 2012, among Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee, Redwood Residential Acquisition Corporation, as Seller, Sequoia Residential Funding, Inc., as Depositor, Wells Fargo Bank, N.A., as Master Servicer, and Wells Fargo Bank, N.A., as Custodian (the “Custodial Agreement”) |
In connection with the administration of the Mortgage Loans held by you as Custodian for the Trustee pursuant to the above-captioned Custodial Agreement, we request the release of the Custodian's Mortgage File for the Mortgage Loan described below, for the reason indicated.
Mortgage Loan Number: _____________________________ | Investor Number: _____________ |
Mortgagor Name, Address & Zip Code:___________ | Pool Number: ________________ |
Reason for Requesting Documents (check one):
_______ 1. Mortgage Paid in Full | |
_______ 2. Foreclosure | |
_______ 3. Substitution | |
_______ 4. Other Liquidation | |
_______ 5. Non-liquidation | Reason:__________________ |
By: | ||
(Authorized Signature) |
Printed Name ___________________________________ | |
[Servicer][Master Servicer] Name:________ __________ | |
Ship To Address: | ___________________________ |
_______ _____________________ | |
Phone: | _______ _____________________ |
Custodian | |||
Please acknowledge the execution of the above request by your signature and date below: | |||
Date | |||
Signature | |||
Documents returned to Custodian: | |||
Date | |||
Custodian |
EXHIBIT G
FORM OF CERTIFICATION
DATE
Christiana Trust, a division of
Wilmington Savings Fund Society, FSB, as Trustee
500 Delaware Avenue, 11th Floor
Wilmington, DE 19801
Attention: Corporate Trust - Sequoia Mortgage Trust 2012-5
Sequoia Residential Funding, Inc.
One Belvedere Place, Suite 330
Mill Valley, CA 94941
Attention: Sequoia Mortgage Trust 2012-5
Redwood Residential Acquisition Corporation
One Belvedere Place, Suite 330
Mill Valley, CA 94941
Attention: Sequoia Mortgage Trust 2012-5
American Pacific Mortgage Corporation
3000 Lava Ridge Court, Suite 200
Roseville, California 95661
Attention: Chito Schnupp, EVP
Simonich Corporation, dba Bank of Commerce Mortgage
3130 Crow Canyon Place, Suite 300
San Ramon, California 94583
Attention: Scott M. Simonich
Benchmark Bank
5700 Legacy Drive – Suite 10
Plano, Texas 75024
Attention: Kay Roubadeaux
Boston Private Bank & Trust Company
Ten Post Office Square
Boston, MA 02109
Attention: Kelly Kearns
Castle & Cooke Mortgage, LLC
2735 East Parley’s Way, Suite 305
Salt Lake City, UT 84109
Attention: Buck Hawkins
Cenlar FSB
425 Phillips Boulevard
Ewing, NJ 08618
Cherry Creek Mortgage Co., Inc.
7600 E. Orchard Rd. Ste 250N
Greenwood Village, Colorado 80111
Attention: Jerry Kaplan
Cornerstone Mortgage Company
1177 West Loop South Suite 200
Houston, TX 77027
Attention: Daniel Cooper
Cole Taylor Bank
7789 East M-36
Whitmore Lake, MI 48189
Attention: Phil Miller
Embrace Home Loans, Inc.
25 Enterprise Center
Newport, RI 02842
Attention: Brian Gilpin
Colonial Savings, F.A.
2626 West Freeway
Fort Worth, Texas
Evergreen Moneysource Mortgage Company dba Evergreen Home Loans
915 118th Avenue SE, Suite 300
Bellevue, WA 98005
Attention: Secondary Marketing
Fairway Independent Mortgage Corporation
6652 Pinecrest Dr., Suite 200
Plano, TX 75287
Attention: Paola Kielblock
Fidelity Bank dba Fidelity Bank Mortgage
3 Corporate Square, 7th Floor
Atlanta, GA
Attention: John Pruitt
Franklin American Mortgage Company
501 Corporate Centre Drive, Suite 400
Franklin, Tennessee 37067
Attention: Kelly C. Johnson
Flagstar Capital Markets Corporation
5151 Corporate Drive
Troy, Michigan 48098
Attention: Product Development Department
First Republic Bank
111 Pine Street
San Francisco, CA 94111
Attention: Tony Sachs
Fremont Bank
25151 Clawiter Rd.
Hayward, CA 94545
Attention: Gary DeLuca, Residential Lending
GuardHill Financial Corp.
140 East 45th Street, 31st Floor
New York, NY, 10017
Guild Mortgage Company
5898 Copley Drive, 5th floor
San Diego, CA 92111
The Huntington National Bank
Huntington Mortgage Group
7575 Huntington Park Drive
Columbus, OH 43235
Attention: Secondary Marketing
MegaStar Financial Corporation
1080 Cherokee Street
Denver, CO 80204
Monarch Bank
2809 S Lynnhaven Road Suite 200
Virginia Beach, Virginia 23452
Attention: William T. Morrison EVP
Paramount Equity Mortgage
8781 Sierra College Blvd.
Roseville, CA 95661
Attention: Jason Walker
PHH Mortgage Corporation
One Mortgage Way
Mt. Laurel, NJ 08054
Attention: Vice President, Servicing
Plaza Home Mortgage, Incorporated
5090 Shoreham Place, Suite 206
San Diego, CA 92122
Attention: Michael Fontaine
Prospect Mortgage, LLC
15301 Ventura Blvd., Suite D300
Sherman Oaks, CA 91403
Attention: Chief Credit Officer
Provident Savings Bank
3756 Central Avenue
Riverside, CA 92506
Attention: Mac Drew
Stifel Bank and Trust
955 Executive Parkway, Suite 216
St. Louis, MO 63141
Attention: Mark Della CameraPrimeLending, a PlainsCapital Company
18111 Preston Road, Suite 900
Dallas, Texas 75252
Attention: Mr. Scott Eggen, SVP
United Shore Financial Services, LLC
555 S. Adams Road
Birmingham, MI 48009
Attention: Michael Castleforte
Sterling Savings Bank Home Loan Division
6505 218th St SW, Suite 9
Mountlake Terrace, WA, 98043
Attention: Kathrine Shairrick, Loan Servicing
Umpqua Bank
6610 SW Cardinal Lane, Ste. 300
Tigard, OR 97224
Attention: Ronald Stroble
Wintrust Mortgage,
a division of Barrington Bank and Trust
1S660 Midwest Road, Suite 100
Oakbrook Terrace, Illinois 60181
Attention: Loss Mitigation
Re: | Custodial Agreement, dated as of October 1, 2012, among Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee, Redwood Residential Acquisition Corporation, as Seller, Sequoia Residential Funding, Inc., as Depositor, Wells Fargo Bank, N.A., as Master Servicer, and Wells Fargo Bank, N.A., as Custodian (the “Custodial Agreement”) |
Ladies and Gentlemen:
In accordance with the provisions of Section 3.2(a) of the above referenced Custodial Agreement, the undersigned, as the Custodian, hereby certifies that, except as noted on the attached Exception Report, it has reviewed each Mortgage Loan listed in the Mortgage Loan Schedule and has determined that (i) all documents required to be delivered to it pursuant to the Custodial Agreement are in its possession; and, (ii) such documents have been reviewed by it and appear regular on their face and related to such Mortgage Loan. All capitalized terms used but not defined herein shall have the meanings set forth in the Custodial Agreement.
The Custodian makes no representations as to, and shall not be responsible to verify, (I) the validity, legality, enforceability, perfectibility, due authorization, recordability, sufficiency, or genuineness of any of the documents contained in each Mortgage File or (ii) the collectability, insurability, effectiveness or suitability of any such Mortgage Loan.
Wells Fargo Bank, N.A., as Custodian | ||
By: | ||
Name: | ||
Title: |
EXHIBIT H
FORM OF TRANSMITTAL LETTER
[Custodian Letterhead]
[ Date]
[Purchaser]
[Insert street address]
________________
________________
Re: | ___________________________ |
Ladies and Gentlemen:
Attached please find those Mortgage Loans listed separately on the attached schedule, which Mortgage Loans are owned by the Trustee and are being delivered to you for purchase.
Capitalized terms used herein and not otherwise defined shall have the meanings set forth in that certain Custodial Agreement, dated as of October 1, 2012, among Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee, Redwood Residential Acquisition Corporation, as Seller, Sequoia Residential Funding, Inc., as Depositor, Wells Fargo Bank, N.A., as Master Servicer, and Wells Fargo Bank, N.A., as Custodian.
Each of the Mortgage Loans is owned by the Trustee. Such ownership interest shall be released only upon remittance of $_____________ representing the full amount of the purchase price of such Mortgage Loans (the “Payoff Amount”) by wire transfer of immediately available funds to the following account:
WIRE TRANSFER INSTRUCTIONS:
[to be provided by Securities Administrator]
Pending the purchase of each Mortgage Loan and until the Payoff Amount is received, the aforesaid ownership interest therein will remain in full force and effect, and you shall hold possession of the Mortgage Loans and the documentation evidencing same as custodian, agent and bailee for and on behalf of the Trustee. In the event that any Mortgage Loan is unacceptable for purchase, promptly return the rejected item directly to the Custodian at its address set forth below. The Mortgage Loans must be so returned or Payoff Amount remitted in full no later than 30 days from the date hereof. If you are unable to comply with the above instructions, please so advise the undersigned Custodian immediately.
NOTE: BY ACCEPTING THE MORTGAGE LOANS DELIVERED TO YOU WITH THIS LETTER, YOU CONSENT TO BE THE CUSTODIAN, AGENT AND BAILEE FOR THE OWNER ON THE TERMS DESCRIBED IN THIS LETTER. THE CUSTODIAN REQUESTS THAT YOU ACKNOWLEDGE RECEIPT OF THE ENCLOSED MORTGAGE LOANS AND THIS LETTER BY SIGNING AND RETURNING THE ENCLOSED COPY OF THIS LETTER TO THE CUSTODIAN; HOWEVER, YOUR FAILURE TO DO SO DOES NOT NULLIFY SUCH CONSENT.
Very truly yours, | |
Wells Fargo Bank, N.A., | |
as Custodian | |
By: | |
Name: | |
Title: | |
Address: | |
ACKNOWLEDGED AND AGREED: | |
Authorized Signature: | |
[Purchaser] | |
By: | |
Name: | |
Title: | |
Address: |
EXHIBIT I
FORM OF CERTIFICATION REGARDING SERVICING
CRITERIA TO BE
ADDRESSED IN REPORT ON ASSESSMENT OF COMPLIANCE
The assessment of compliance to be delivered by the Custodian shall address, at a minimum, the criteria identified below with an "X" as Servicing Criteria applicable to the Custodian:
Regulation AB Reference |
Servicing Criteria | Custodian | ||
General Servicing Considerations | ||||
1122(d)(1)(i) | Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. | N/A | ||
1122(d)(1)(ii) | If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities. | N/A | ||
1122(d)(1)(iii) | Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained. | N/A | ||
1122(d)(1)(iv) | A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. | N/A | ||
Cash Collection and Administration | ||||
1122(d)(2)(i) | Payments on pool assets are deposited into the appropriate bank collection accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. | N/A | ||
1122(d)(2)(ii) | Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. | N/A | ||
1122(d)(2)(iii) | Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. | N/A | ||
1122(d)(2)(iv) | The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of over collateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. | N/A | ||
1122(d)(2)(v) | Each collection account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. | N/A | ||
1122(d)(2)(vi) | Unissued checks are safeguarded so as to prevent unauthorized access. | N/A |
1122(d)(2)(vii) | Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including collection accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. | N/A | ||
Investor Remittances and Reporting | ||||
1122(d)(3)(i) | Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the Servicer. | N/A | ||
1122(d)(3)(ii) | Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. | N/A | ||
1122(d)(3)(iii) | Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements. | N/A | ||
1122(d)(3)(iv) | Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. | N/A | ||
Pool Asset Administration | ||||
1122(d)(4)(i) | Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. | X | ||
1122(d)(4)(ii) | Pool assets and related documents are safeguarded as required by the transaction agreements | X | ||
1122(d)(4)(iii) | Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. | N/A | ||
1122(d)(4)(iv) | Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. | N/A | ||
1122(d)(4)(v) | The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. | N/A |
1122(d)(4)(vi) | Changes with respect to the terms or status of an obligor's pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents. | N/A | ||
1122(d)(4)(vii) | Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements. | N/A | ||
1122(d)(4)(viii) | Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). | N/A | ||
1122(d)(4)(ix) | Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. | N/A | ||
1122(d)(4)(x) | Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. | N/A | ||
1122(d)(4)(xi) | Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements. | N/A | ||
1122(d)(4)(xii) | Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission. | N/A | ||
1122(d)(4)(xiii) | Disbursements made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the servicer, or such other number of days specified in the transaction agreements. | N/A | ||
1122(d)(4)(xiv) | Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. | N/A | ||
1122(d)(4)(xv) | Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. | N/A |
Annex 1
DOCUMENT TYPES AND EXCEPTION CODES
DOCUMENT TYPES
Track Item Type | Doc Type | |
COLLATERAL ITEM |
||
1003 | Residential Loan Application | |
1008 | Underwriting and Transmittal Summary | |
1994 | 1994 CHCH SECTY | |
1995 | 1995 CHCH SECTY | |
1996 | 1996 CHCH SECTY | |
1997 | 1997 CHCH SECTY | |
711A | GNMA 11711A | |
711B | GNMA 11711B | |
AAL1 | ASSN/ASSN LEAS1 | |
AAL2 | ASSN/ASSN LEAS2 | |
ACC1 | ASUM CO. UCC1 | |
ACC3 | ASUM-AMD/TRM CO | |
ACCA | ACCT CTRL AGREE | |
ACCP | ACCEPT & ASSUM ( COOP) | |
ACS1 | ASUM ST. UCC1 | |
ACS3 | ASUM-AMD/TRM ST | |
ADDM | ADDENDUM | |
AFFD | NAME AFFIDAVIT | |
AFFX | Affidavit of Affixation | |
AGRE | ASSIGN OF AGREE | |
ALCR | Assignment to Letter of Credit | |
ALN1 | ALLONGE 1 | |
ALN2 | ALLONGE 2 | |
ALN3 | ALLONGE 3 | |
ALN4 | ALLONGE 4 | |
ALN5 | ALLONGE 5 | |
ALN6 | ALLONGE 6 | |
ALN7 | ALLONGE 7 | |
ALN8 | ALLONGE 8 | |
ALN9 | ALLONGE 9 | |
ALNG | ALLONGE | |
ALNI | ALLONGE INTRVN | |
ALNV | ALLONGE FINAL | |
AMOR | Amortization Schedule | |
AMRT | AMORT. SCH. | |
APL | ASSIGNMENT OF PROPERTY LEASE | |
APPL | APPLICATION | |
APPR | APPRAISAL | |
AREC | ASN RECG AGREE | |
ARM | ADJ RATE MORTG | |
AS10 | ASSIGNMENT 10 | |
AS11 | ASSIGNMENT 11 | |
ASAG | ASSN-ASSU AGRMT | |
ASCC | (New) ASCC | |
ASGM | ASSN OF MTGE | |
ASGN | (New) ASGN | |
ASL1 | ASSN 1 OF LEASE | |
ASL2 | ASSN 2 OF LEASE | |
ASL3 | ASSN 3 OF LEASE | |
ASL4 | ASSN 4 OF LEASE |
Track Item Type | Doc Type | |
ASL5 | ASSN 5 OF LEASE | |
ASL6 | ASSN 6 OF LEASE | |
ASL7 | ASSN 7 OF LEASE | |
ASLQ | ASN LIQUOR LIC. | |
ASLR | ASSN LEASE/RENT | |
ASLV | LEASE INV ASSN | |
ASN1 | ASSIGNMENT 1 | |
ASN2 | ASSIGNMENT 2 | |
ASN3 | ASSIGNMENT 3 | |
ASN4 | ASSIGNMENT 4 | |
ASN5 | ASSIGNMENT 5 | |
ASN6 | ASSIGNMENT 6 | |
ASN7 | ASSIGNMENT 7 | |
ASN8 | ASSIGNMENT 8 | |
ASN9 | ASSIGNMENT 9 | |
ASNB | BLANKET ASSN | |
ASNP | Assignment of Proprietary Lease | |
ASNV | ASSN TO INVESTR | |
ASNX | ASSIGNMENT 10+ | |
ASPW | ASG-PRMTS&WARRT | |
ASSB | (New) ASSB | |
ASSE | ASSETT MGR AGRT | |
ASSM | ASSN SUB/MGMT | |
ASSN | INT. ASSIGNMENT | |
ASSO | ORIG ASSIGNMENT | |
ASSU | ASSUMPTION | |
ASUM | ASSUMPT AGREEMT | |
ASV1 | SUBSEQ PRIV ASN | |
ASVB | BLNKT ASSN—INV | |
ATTY | ATTY'S OPINION | |
AVRF | Asset Verification | |
BAIL | BAILEE LETER | |
BALN | Balloon Mortgages | |
BARC | (New) BARC | |
BASN | BARCLAYS A/M | |
BCIA | BLNKT CERT-GNMA | |
BKST | Bank Statements | |
BLNK | (c) Blank Description | |
BOFS | BILL OF SALE | |
BOND | LOST INSTR AFFD | |
BORR | CERT OF BORROW | |
BPO | Brokers Price Opinion | |
BUYD | BUYDOWN AGREEMT | |
CASH | CASH MANAGEMENT | |
CEM | CONSOL/EXT AGRM | |
CERI | REO Certificate of Insurance | |
CERT | MIC/LGC | |
CINL | (New) CINL | |
CKLT | LOAN FILE CHECKLIST | |
CNFS | CERT NONFOREIGN | |
CNSV | Conservator Court Appointment | |
COAG | Co-Ownership Agreement | |
COFS | CONTRACT OF SALE | |
COFT | CERT OF TITLE | |
COM1 | Combined Document Intervening Assignment 1 | |
COM2 | Combined Document Intervening Assignment 2 | |
COM3 | Combined Document Intervening Assignment 3 |
Track Item Type | Doc Type | |
COM4 | Combined Document Intervening Assignment 4 | |
COM5 | Combined Document Intervening Assignment 5 | |
COM6 | Combined Document Intervening Assignment 6 | |
COM7 | Combined Document Intervening Assignment 7 | |
COM8 | Combined Document Intervening Assignment 8 | |
COM9 | Combined Document Intervening Assignment 9 | |
COMB | COMBINATION DOC | |
COMP | COMPLETION/REP | |
COMV | Combined Document Final Assignment | |
CONC | Construction Contract | |
CONE | CONSENT (COOP) | |
CONS | CONSOLIDATION | |
CONT | CNTRCT FOR DEED | |
CONV | CONVERSION AGMT | |
COOP | CO-OP | |
CORP | CORPORATE ASSN | |
CRPT | Credit Report | |
CSUB | COLL SUBMISSION | |
CTRL | CRED.TENANT LSE | |
CUST | CUSTODY AGREEMT | |
DEE1 | ADD'L DEED | |
DEE2 | 2ND ADDL DEED | |
DEED | DEED OF TRUST | |
DEFR | Deferral Agreement | |
DEFS | DEFEASANCE DOCUMENTS | |
DOC | DOCUMENT | |
DOFT | (New) DOFT | |
EDV1 | SUBSEQ PRIV END | |
EMIC | Electronic MIC | |
ENAS | ENVIR ASSESSMNT | |
END1 | ENDORSEMENT 1 | |
END2 | ENDORSEMENT 2 | |
END3 | ENDORSEMENT 3 | |
END4 | ENDORSEMENT 4 | |
END5 | ENDORSEMENT 5 | |
END6 | ENDORSEMENT 6 | |
END7 | ENDORSEMENT 7 | |
END8 | ENDORSEMENT 8 | |
END9 | ENDORSEMENT 9 | |
ENDI | Intervening Endorsement | |
ENDV | FINAL ENDORSEMENT | |
ENOT | Electronic Note | |
ENVI | ENVIRO INDEMNIT | |
EOMP | E&O POLICY | |
ESCL | ESCROW LETTER | |
ESCR | ESCROW AGREEMNT | |
ESTO | ESTOPPEL L/A | |
EXTN | Extension Agreement | |
FDOC | Final Package-No Insuring Document | |
FHFC | FHA Firm Commitment | |
FHIN | FHA Insurance | |
FHPN | FHA Project Number | |
FHRA | FHA Regulatory Agreement | |
FHUD | Final HUD | |
FILE | LOAN FILE | |
FILN | (New) FILN | |
FIN | (New) FIN |
Track Item Type | Doc Type | |
FIN' | (New) FIN' | |
FIN. | (New) FIN. | |
FIN; | (New) FIN; | |
FINL | FINAL PACKAGE | |
FIXF | Fixture Filing | |
FLIN | FLOOD INSURANCE | |
FPLN | FHA Home Equity Conversion Mtg with Line of Credit Only Plan | |
FPNT | 1ST PAYMT NOTIC | |
FRAN | FRANCHISE AGRMT | |
FSCH | FILE SCHEDULE | |
GFE | Good Faith Estimate | |
GRND | GROUND LEASES | |
GUAR | GUARANTEE AGMNT | |
HAZA | HAZARD POLICY | |
HEAA | Equity Access Agreement | |
ICAG | INTERCREDITOR | |
IFNL | (New) IFNL | |
ILGC | INDIAN LGC | |
INCL | INS CLOSE LETTR | |
INIP | INITIAL PACKAGE | |
INP | (New) INP | |
INSU | GOVERNMENT INSURANCE | |
INV2 | (New) INV2 | |
INVA | INVESTOR ASSN | |
INVC | (New) INVC | |
IRCA | INTEREST RCA | |
LAGR | LOAN AGREEMENT | |
LAND | LAND HOME CONTRACT | |
LCI | Lender’s Closing Instructions | |
LCRD | LETTR OF CREDIT | |
LEAS | LEASE DOCUMENT | |
LEGL | LEGAL DESCR DOC | |
LES1 | ASSN OF LESS | |
LES2 | ASSN OF LES1 | |
LESS | LEASE ESTOPPEL | |
LGC | LGC | |
LIB | Lost Instrument Bond | |
LIEN | Lienholder/ Security Interest Evidence | |
LIFE | Life Insurance | |
LLA | LOST LEASE AFFIDAVIT | |
LLAP | Lender's Loan Approval | |
LNA | LOST NOTE AFDVT | |
LNG | LOAN NOTE GUAR. | |
LSA | LOST STOCK AFFIDAVIT | |
LSCH | LOAN SCHEDULE | |
MEMO | MEMO DOCUMENT | |
MERG | MERGER DOCUMENT | |
MERS | MERS | |
MFAM | Multi-Family Rider | |
MFLG | MERS FLAG | |
MGMT | ASSIGN OF MGMT | |
MHCT | Mobile Home Certificate | |
MHRD | Mobile Home Rider | |
MIC | MIC | |
MILR | (New) MILR | |
MISC | MISC. DOCUMENTS | |
MMIN | MERS ID NUMBER |
Track Item Type | Doc Type | |
MOD | MODIFICATION | |
MODF | MODIF AGREEMT | |
MODN | MODIFICATION AGREEMENT FOR NOTE ONLY | |
MORT | MORTGAGE | |
MTG2 | 2nd Mortgage | |
NDEF | Notice of Default | |
NOLA | NOLA FORM | |
NOT1 | ADD'L NOTE | |
NOT2 | 2ND ADDL NOTE | |
NOTA | NOTICE OF ASN | |
NOTE | MTG NOTE | |
NRID | Note Rider | |
NTAS | ASSIGNEE NOTICE | |
NVA | (New) NVA | |
OMNA | Intervening Assignment for Omnibus | |
OMNI | OMNIBUS | |
OMNV | Final Assignment for Omnibus | |
OMVA | (New) OMVA | |
OPER | OPERATIONS/MAIN | |
OPIN | OPINION | |
PART | Participation Agreement/Certificate | |
PBND | Performance Bond | |
PLSA | PLEDGE/SEC AGRE | |
PMI | PRIV MORTG INS | |
PMIS | PRIV. MORT INS | |
POA | POWER OF ATTNY | |
POFA | POWER OF ATTORN | |
POOL | POOL PAPERS | |
PORT | PORTFOLIO | |
PPPA | Prepayment Penalty Addendum | |
PRLS | PROPRIETARY LEASE | |
PROL | PROPRIETARY LSE | |
PTPL | PRELIM. TITLE POLICY | |
PURL | PURCHASER LEASE | |
QCLD | QUIT CLAIM DEED | |
RAPR | RES. APPRAISAL | |
RAS' | (New) RAS' | |
RAS2 | 2ND ASSN SENT | |
RAS3 | 3RD ASSN SENT | |
RAS4 | 4TH ASSN SENT | |
RASN | RECORDED ASSIGN | |
RCAG | RECOGNITION AGREEMENT | |
RCER | RECERT FORM | |
REAG | RECIP EASE AGRE | |
RECG | RECOGN AGREEMT | |
RECO | RECONVEYANCE | |
RECP | RECPT&CLSG CERT | |
RELR | RELEASE REQUEST | |
REOP | REO Phase Report | |
REPL | REPLACEMENT RES | |
REQU | REQUIRED REPAIR | |
RIDR | RIDERS | |
RLAP | RES. LOAN APPL. | |
RTC | Right to Cancel | |
SCER | STOCK CERT | |
SCHD | POOL SCHEDULE | |
SCON | Sales Contract |
Track Item Type | Doc Type | |
SCRT | STOCK CERT | |
SEC1 | ASN OF SEC AGMT | |
SEC2 | Second Property Mortgage | |
SEC3 | Third Property Mortgage | |
SECA | SECURITY AGREEMENT | |
SECI | SECURITY INSTR | |
SEVC | Final Assignment for Security Agreement | |
SIGN | SIGNATURE AFFID | |
SINS | SITE INSPECTION | |
SPOW | STOCK POWER | |
SPRG | SPREADER AGREMT | |
SPWR | STOCK POWER | |
SRID | Security Instrument Rider | |
SRPT | Surveyor's Report | |
STUB | Paystub | |
SUB | SUBORDINATION | |
SUBD | SUBORD AGREEMT | |
SUBR | SUBORDINATION | |
SUR1 | FINAL SURVEY | |
SURT | Surrender of Title/Origin Certificate | |
SURV | SURVEY | |
TAGR | TRUST AGREEMENT | |
TAXR | Tax Returns | |
TCMT | TITLE COMMITMENT | |
TEND | Title Policy Endorsement | |
TENT | TENANT ESTOPPEL | |
TEST | TEST DOCUMENT | |
TIL | Truth in Lending Disclosure Statement | |
TILN | TRUTH IN LENDNG | |
TITL | TITL - Converted | |
TPOL | TITLE POLICY | |
TRAN | (New) TRAN | |
TRFL | MTG,ASSN & DOCS | |
TRNS | TORRENS CERT | |
TTRB | TRIAL BALANCE | |
UARL | UNREC ASSN REL | |
UC31 | Intervening UCC3 County Assignment 1 | |
UC32 | Intervening UCC3 County Assignment 2 | |
UC33 | Intervening UCC3 County Assignment 3 | |
UC34 | Intervening UCC3 County Assignment 4 | |
UC35 | Intervening UCC3 County Assignment 5 | |
UC36 | Intervening UCC3 County Assignment 6 | |
UC37 | Intervening UCC3 County Assignment 7 | |
UC38 | Intervening UCC3 County Assignment 8 | |
UC39 | Intervening UCC3 County Assignment 9 | |
UC3I | UCC-3 INTV(CO) | |
UC3U | Unfiled UCC3 to Blank | |
UCC1 | UCC-1 (CO) | |
UCC2 | UCC2 - Converted | |
UCC3 | UCC-3 (CO) | |
UCS1 | UCC-1 (ST) | |
UCS3 | UCC-3 (ST) | |
US31 | Intervening UCC3 State Assignment 1 | |
US32 | Intervening UCC3 State Assignment 2 | |
US33 | Intervening UCC3 State Assignment 3 | |
US34 | Intervening UCC3 State Assignment 4 | |
US35 | Intervening UCC3 State Assignment 5 |
Track Item Type | Doc Type | |
US36 | Intervening UCC3 State Assignment 6 | |
US37 | Intervening UCC3 State Assignment 7 | |
US38 | Intervening UCC3 State Assignment 8 | |
US39 | Intervening UCC3 State Assignment 9 | |
US3I | UCC-3 INTV (ST) | |
VOE | Verification of Employment | |
VOM | Verification of MTG | |
VOR | Verification of Rent | |
W2F | W2 Form | |
WARD | WARRANTY DEED | |
WDEB | WARRANTY DEED TO BUYER | |
WDED | WARRANTY DEED | |
WVOP | WRTN VAL OF PRP |
EXCEPTION CODES
Code | Question Description | |
01 | Missing | |
02 | Document is Copy, Need Original | |
03 | Doc is a Copy, but not Certified True and Correct | |
04 | Pages are Missing from Document | |
05 | Damaged Document | |
06 | Incorrect Form | |
07 | Date is Incorrect | |
08 | Loan Number does not agree with Schedule | |
09 | Property Address does not agree with Schedule | |
10 | Interest Rate does not agree with Schedule | |
11 | Interest Rate (alpha & numeric) do not agree | |
12 | Date of First Payment does not agree with Schedule | |
13 | Date of Last Payment does not agree with Schedule | |
14 | Loan Amount does not agree with Schedule | |
15 | Loan Amount (alpha & numeric) do not agree | |
16 | Monthly P&I does not agree with Schedule | |
17 | P&I (alpha & numeric) do not agree | |
18 | Mortgagor Name(s) does not agree with Schedule | |
19 | Legal Description is Missing/Incorrect | |
20 | Unrecorded Original | |
21 | White-out / Corrections Not Initialed | |
22 | Endorsement(s) is Missing/Incorrect | |
23 | Notary, Acknowledgment, or Witness Information is Missing | |
24 | Name is Missing/Incorrect | |
25 | Signature(s) does not agree with Typed Name(s) | |
26 | Signature is Missing | |
27 | Signature is Not Original | |
28 | Signature Date is Missing | |
29 | Title Insurance Coverage is Insufficient | |
30 | Named Insured is Missing/Incorrect | |
31 | Trustee Name is Missing/Incorrect | |
32 | Guarantee Percentage is Missing | |
33 | Case Number does not agree with Schedule | |
34 | Commitment Number does not agree with Schedule | |
35 | Investor Loan Number does not agree with Schedule | |
36 | First Interest Rate Adjustment Date differs from Schedule | |
37 | The Margin does not agree with Schedule | |
38 | The Percent Rounded does not agree with Schedule | |
39 | The Periodic Cap does not agree with Schedule |
Code | Question Description | |
40 | The Lifetime Cap does not agree with Schedule | |
41 | ARM Convertibility Feature is Missing/Incorrect | |
42 | ARM Index is Missing/Incorrect | |
43 | ARM Lookback Period is Missing/Incorrect | |
44 | Schedule A is Incorrect | |
45 | County Missing/Incorrect | |
46 | Loan Reference Missing/Incorrect | |
47 | Incomplete Information | |
48 | Not Listed on Trial Balance (recertification code) | |
49 | Life Floor Does not Agree with Schedule | |
50 | Rate Adj Frequency Does Not Agree with Schedule | |
51 | Closing Date Does Not Agree with Schedule | |
52 | Document Does Not Belong in File | |
53 | Total Loan to Value does not agree with Schedule | |
54 | Property Type does not agree with Schedule | |
55 | Loan Purpose does not agree with Schedule | |
56 | Occupancy does not agree with Schedule | |
57 | Document is a "True & Correct" copy, need Original | |
58 | Prepayment Penalty Term differs from Schedule. | |
59 | Title Policy Assumption Endorsement Missing | |
60 | Break in Assignment Chain. | |
61 | Document is Missing, Need a Copy | |
62 | CLAIM, LIEN, INTEREST, ENCUMBRANCE, OR RESTRICTION EXISTS | |
63 | Mers Beneficiary Name Missing/Incorrect | |
64 | Duplicate Original in file | |
65 | Corrected MIC in file | |
66 | Rider Missing | |
67 | in File | |
68 | Certified True Copy | |
69 | Recorded Copy | |
70 | IN PROCESS AND\OR SUBMITTED FOR RECORDING | |
71 | Start date is incorrect. | |
72 | Max. principal sum doesn't agree with schedule. | |
73 | Advance limit amount doesn't agree with schedule. | |
74 | Initial advance doesn't agree with schedule. | |
75 | Monthly advance doesn't agree with schedule. | |
76 | Maturity fee doesn't agree with schedule. | |
77 | Equity share doesn't agree with schedule. | |
78 | Reserve acct. advance amount doesn't agree with schedule. | |
79 | Loan Percentage does not match the schedule | |
80 | Missing CO-OP documents | |
81 | Initial Fair Value does not match the schedule | |
82 | Compounding Amount does not match the schedule | |
83 | Initial Lending Value does not agree with Schedule | |
84 | Initial Annual Percentage Rate does not match Schedule | |
85 | Maximum Rate does not match Schedule | |
86 | RECEIVING BANK NAME DOES NOT AGREE | |
87 | ABA NUMBER DOES NOT AGREE | |
88 | MISSING | |
89 | ACCOUNT # DOES NOT AGREE | |
90 | LOST DOCUMENT - AFFIDAVIT IN FILE | |
91 | TRUST INFORMATION MISSING OR INCORRECT | |
92 | DOCUMENT BEING CREATED AND OR EXECUTED | |
93 | PAGES ARE MISSING FROM RECORDED DOC | |
94 | OUT FOR EXECUTION | |
95 | NOTARY, ACKNW., OR WITNESS INFO. MISSING FROM RECORDED DOC | |
96 | DOCUMENT IS AN UNRECORDED COPY, NEED RECORDED COPY |
Code | Question Description | |
97 | ADDITIONAL DOCUMENTS IN FILE | |
98 | Missing. Title Commitment Received | |
99 | Document is a "True & Correct" Copy, need Original | |
CM | MIC/LGC IS MISSING | |
F1 | Misc. Exception | |
F2 | Misc. Exception | |
F3 | Missing File | |
F4 | MISSING FILE | |
MM | MORTGAGE/DEED OF TRUST IS MISSING | |
NM | NOTE MISSING | |
NR | NOT REVIEWED | |
TM | TITLE POLICY MISSING | |
02A | DOCUMENT IS A COPY, ASSIGNEE NAME IS MISSING | |
09A | PROPERTY ADDRESS MISSPELLING OF ADDRESS | |
09B | PROPERTY ADDRESS MISSPELLING OF CITY | |
09C | Legal Description or Property Address missing | |
100 | RECORDING INFORMATION MISSING/INCORRECT | |
101 | VA ELIGIBILITY PERCENT | |
102 | VA VENDEE | |
103 | ADP CODE | |
104 | HUD REPO | |
105 | PRODUCT TYPE | |
106 | LAST RECORDED INTERIM ASSIGNMENT. | |
107 | ADP CODE NOT APPROVED. | |
108 | NOTE HELD AT FNMA/FHLMC CUSTODIAN | |
109 | REC'D ASUM NEED UCC AMENDMENT OR NEW FILING | |
110 | PORTFOLIO REVIEWED LOAN | |
111 | RECORDED DOCUMENT SENT TO BE RE-RECORDED | |
112 | Mortgagor name(s) does not agree with Assignment.(FHLB) | |
113 | Property address does not agree with Assignment.(FHLB) | |
114 | Note is not on a standard FNMA/FHLMC uniform instrument form | |
115 | Processing and or submitted for recording to issuer vendor. | |
116 | DOCUMENTS IN A FOREIGN LANGUAGE, CAN NOT BE REVIEWED | |
117 | Initial Rate Cap doesn't agree with schedule. | |
118 | Lost Note Affdidavit in File, Missing Copy of Note | |
119 | Lost Note Affidavit and Copy of Note in File | |
120 | Assignee Name Missing | |
121 | Recording Search and/or Confirmation of Filing | |
122 | Screen Print of Government Insurance Received | |
123 | Desc. of Easements and Encroachments does not agree with TPO | |
124 | Name of insured not mortgagee and/or Sec'y of HUD | |
125 | NOT VERIFIED AS MERS REGISTERED | |
126 | INTERIM FUNDER IS NOT BLANK | |
127 | PREPAYMENT CHARGE DOES NOT MATCH SCHEDULE | |
128 | Lender signature missing | |
129 | Balloon Call Date does not match system | |
130 | ARM DATA MISSING | |
131 | First rate Adjustment Min Rate does not agree with schedule | |
132 | First Rate Adjustment Max Rate does not agree with schedule | |
134 | Loan requires new FHLMC review | |
135 | Co-Borrower name does not agree with schedule | |
136 | CUSTODIAN NOT ON MERS SYSTEM | |
137 | WAREHOUSE LENDER NOT BLANK OR IS INCORRECT ON MERS SYSTEM | |
138 | INVESTOR INCORRECT ON MERS SYSTEM | |
139 | 1st Payment Change Date differs from schedule | |
140 | Copy Missing | |
141 | MIN NUMBER is Missing/Incorrect |
Code | Question Description | |
142 | ARM Note Rounding Method differs from Schedule | |
143 | 1st full amortizing payment date does not match the Schedule | |
144 | Amortization term does not match schedule | |
145 | IO Term Does Not Match Schedule | |
146 | Periodic Payment Cap does not agree with Schedule | |
147 | File Released in Excess of 30 days | |
148 | File Released-Attorney Bailee Terminated | |
18A | Borrowers Age does not agree Schedule | |
200 | Lien release/short sale. | |
20A | UNRECORDED ORIGINAL INVESTOR ASSIGNMENT | |
21A | Document Initialed Inconsistently | |
22A | NOTE ENDORSEMENT MISSING TYPED NAME OF SIGNER | |
22B | NOTE ENDORSEMENT MISSING TITLE OF OFFICER | |
22C | NOTE ENDORSEMENT IS DUPLICATE | |
22D | NOTE ENDORSEMENT IS ILLEGIBLE | |
22E | ALLONGE TYPED SIGNERS NAME IS MISSING | |
22F | ALLONGE TITLE OF OFFICER MISSING | |
22G | Allonge verbiage missing from Note | |
22H | Endorsement subsequent to allonge is on note | |
277 | Signature is a facsimile. | |
300 | Evidence of title received, need title policy | |
301 | Standard form of Alta policy not received | |
302 | HUD Insurance Option does not match schedule | |
303 | Principal Limit does not match schedule | |
304 | Payment Option does not match schedule | |
305 | Expected Rate does not match schedule | |
310 | Max Claim Amount does not agree with Plan | |
311 | Monthly Servicing Fee does not agree with Plan | |
41A | ARM Conversion/Modification Date is Missing/Incorrect | |
440 | Schedule A missing | |
441 | Schedule B missing | |
490 | ARM Ceiling does not agree with Schedule | |
491 | INTEREST RATE CAPS DO NOT MEET GNMA STANDARDS | |
492 | Subsequent Adjustment Floor does not agree with schedule | |
493 | Original Months to Maturity does not match Schedule | |
494 | Interest Rate Calculation Method does not match Schedule | |
495 | Payment Change Cap does not match Schedule | |
496 | First Mandatory Recast period does not match Schedule | |
500 | ASSIGNMENT TO BLANK S/B TO EMC MTG FROM: | |
501 | Pmt Change Frequency does not agree with schedule | |
502 | Draw period does not match schedule | |
503 | Repayment period does not match schedule | |
580 | PREPAYMENT FLAG IS INCORRECT | |
600 | ENDORSEMENT TO BLANK S/B TO EMC MTG FROM: | |
700 | Submitted for Recording | |
710 | Repair Set-Aside Amount differs from Schedule | |
730 | Closing Cost does not Agree with Schedule | |
731 | Discharge of Lien does not Agree with Schedule | |
732 | Outstanding Balance does not Agree with Schedule | |
800 | File Received, Not Reviewed | |
900 | Bailee in Lieu of Note | |
901 | Recorded Document Missing | |
905 | Damaged Document on recorded Document | |
909 | Property address does not agree with sch. on recorded doc. | |
914 | Loan amount does not agree with schedule on recorded doc. | |
918 | Borrower name does not agree with sch. on recorded document | |
919 | Legal description missing/incorrect on recorded document |
Code | Question Description | |
924 | Name is Missing/Incorrect on recorded Document | |
926 | Signature is missing from recorded document | |
947 | Incomplete information on Recorded document | |
990 | Bailee in Lieu of File | |
999 | NOT REVIEWED | |
AFM | FINAL ASSN MISSING/INCORRECT | |
AI1 | INTERIM (INTERVENING) ASSIGNMENT IS INCOMPLETE | |
AI2 | INTERIM (INTERVENING) ASSIGNMENT IS INCOMPLETE | |
AI3 | INTERIM (INTERVENING) ASSIGNMENT IS INCOMPLETE | |
ALL | MISSING ALL DOCUMENTS | |
AM1 | INTERIM ASSN IS MISSING | |
AM2 | INTERIM (INTERVENING) ASSIGNMENT IS MISSING | |
AM3 | INTERIM (INTERVENING) ASSIGNMENT IS MISSING | |
ANP | NOTARY INFORMATION IS MISSING/INCORRECT ON ASSIGNMENT | |
EFI | FINAL (ISSUER TO BLANK/INVESTOR) ENDORSEMENT IS INCOMPLETE | |
EFM | FINAL (ISSUER TO BLANK/INVESTOR) ENDORSEMENT IS MISSING | |
EI1 | INTERIM (INTERVENING) ENDORSEMENT IS INCOMPLETE | |
EI2 | INTERIM (INTERVENING) ENDORSEMENT IS INCOMPLETE | |
EI3 | INTERIM (INTERVENING) ENDORSEMENT IS INCOMPLETE | |
EM1 | INTERIM (INTERVENING) ENDORSEMENT IS MISSING | |
EM2 | INTERIM (INTERVENING) ENDORSEMENT IS MISSING | |
EM3 | INTERIM (INTERVENING) ENDORSEMENT IS MISSING | |
END | MISSING ENDORSEMENT | |
MIC | MIC/LGC is missing or incorrect | |
MNP | NOTARY INFORMATION MISSING ON MORTGAGE | |
NNP | NOTARY INFORMATION IS MISSING/INCORRECT ON NOTE | |
NPI | MONTHLY P & I IS MISSING ON NOTE | |
POA | MISSING POWER OF ATTORNEY | |
RF1 | BLUE SLIP-BUT RFC ASSGN IS REQUIRED | |
SCH | PROPERTY ADDRESS ON NOTE IS DIFFERENT THAN SCHEDULE | |
SPI | MONTHLY P & I ON SCHEDULE DOES NOT MATCH NOTE | |
01CC | Cook County, IL Mortgage Missing Certificate | |
101A | VA Eligibility AMT | |
119A | Document not Addressed to Freddie Mac | |
128A | Officer Name or Title Missing | |
1706 | PROPERTY ADDRESS ON NOTE IS DIFFERENT THAN 1706 | |
1708 | MISSING RELEASE REQUEST | |
A-01 | OTHER LOAN # | |
AAMT | FNMA ASSIGNMENT IS MISSING THE MORTGAGE AMT | |
ACER | ASSIGNMENT COPY NEEDS TO BE ISSUER CERTIFIED | |
ACOP | COPY OF ASSIGNMENT IS NOT COUNTY CERTIFIED | |
ADAT | NOTE DATE REFERENCED ON ASSIGNMENT IS MISSING/INCORRECT | |
AIM1 | INTERIM (INTERVENING) ASSIGNMENT IS MISSING/INCORRECT | |
AIM2 | INTERIM (INTERVENING) ASSIGNMENT IS MISSING/INCORRECT | |
AIM3 | INTERIM (INTERVENING) ASSIGNMENT IS MISSING/INCORRECT | |
ALEN | LENDER NAME IS INCORRECT ON ASSIGNMENT | |
ANAM | BORROWER NAME IS MISSING ON ASSIGNMENT | |
AOTH | OTHER ASSIGNMENT EXCEPTION | |
AREC | ASSIGNMENT SHOWS NO EVIDENCE OF RECORDING | |
AS33 | MISSING ASSIGNMENT FROM PRINCIPAL TO FHLMC | |
ASCC | ASSIGNMENT NEEDS TO BE ISSUER CERTIFIED | |
ASEL | CORPORATE SEAL IS MISSING ON ASSIGNMENT | |
ASGN | MISSING RECORDED RFC ASSIGNMENT | |
ASIG | ASSIGNMENT IS NOT SIGNED BY ISSUING OFFICER | |
ASN1 | Assignment Exception | |
ASN2 | Assignment Exception | |
ASN3 | Assignment Exception |
Code | Question Description | |
ASN5 | Missing Original, Recorded Interim Assignment | |
ASN6 | Missing Assignment to GNMA | |
ASN7 | Missing Assignment to FNMA | |
ASN8 | Assn indicates Prin Mutual on Deed of Trust | |
ASNE | ASSIGNEE NAME IS MISSING/INCORRECT ON ASSIGNMENT | |
ASPE | MISSING INT ASSN FROM PUBLIC EMP RET SYSTEM TO PRIN | |
ASPL | BORROWER NAME IS MISSPELLED ON FINAL ASSIGNMENT | |
ASSE | MISSING INT ASSN FROM SECURITY PACIFIC TO CA EMP RET SYSTEM | |
ASSN | Interim Assignment is missing or incorrect | |
ASSO | Original Assignment is missing or incorrect | |
AXTR | EXTRA UNNECESSARY ASSIGNMENT | |
BLNK | BLNK DESCRIPTION | |
CAMT | LOAN AMOUNT ON MIC/LGC DOES NOT MATCH MORTGAGE | |
CCZC | CITY & ZIP CODE ON MIC BOTH DO NOT MATCH MORTGAGE | |
CMAT | MATURITY DATE ON MIC DOES NOT MATCH MORTGAGE | |
CNAM | MORTGAGOR NAME ON MIC/LGC DOES NOT MATCH MORTGAGE | |
CNUM | HOUSE # ON MIC DOES NOT MATCH MORTGAGE | |
COTH | OTHER CERT EXCEPTION | |
CSIG | AUTHORIZATION SIGNATURE IS MISSING ON MIC/LGC | |
CSTR | STREET NAME ON MIC DOES NOT MATCH MORTGAGE | |
DOFT | Deed of Trust is missing or incorrect | |
EDUP | DUPLICATE ENDORSEMENT NEEDS TO BE CANCELLED | |
EIM1 | INTERIM (INTERVENING) ENDORSEMENT IS MISSING/INCORRECT | |
EIM2 | INTERIM (INTERVENING) ENDORSEMENT IS MISSING/INCORRECT | |
EINI | CANCELLED ENDORSEMENT IS NOT INITIALED BY AN OFFICER | |
END1 | INCORRECT ENDORSEMENT | |
END2 | Extra Endn from Prin Mutual to Prin Residential | |
END3 | MISSING BLANK ENDORSEMENT | |
ENDN | MISSING ENDORSEMENT FROM NMI TO BLANK | |
ENDP | MISSING ENDORSEMENT FROM PRINCIPAL TO BLANK | |
EOTH | OTHER ENDORSEMENT EXCEPTION | |
EV01 | Tamper evident seal validation failed. | |
EV02 | DTD validation failed. | |
EV03 | Digital certificate could not be obtained. | |
EV04 | Digital certificate expired. | |
EV05 | Digital certificate authentication failed. | |
EV06 | Digital signature validation failed. | |
EV07 | Data/View comparison failed. | |
EV08 | MERS-MIN CRC check failed. | |
EV09 | Digital certificate not issued by valid SISAC issuer. | |
EV10 | Document hash does not match MERS eRegistry. | |
EX01 | MISSING FHLMC STAMP | |
FFPM | FINAL PACKAGE IS MISSING | |
FLIS | FILE RECEIVED IS NOT ON LIST | |
FOOL | FILE RECEIVED DOES NOT BELONG IN POOL | |
GONE | ENTIRE FILE IS MISSING | |
I-01 | Assignment is missing or incorrect | |
I-03 | Other exception | |
I-04 | Other exception | |
INIT | CANCELLED NOTE ENDORSEMENT IS NOT INITIALLED BY OFFICER | |
INVA | Missing Investor Assignment | |
LEGL | LEGAL DESCRIPTION MISSING | |
M-01 | Miscellaneous Document Exceptions | |
MCAS | FHA CASE NUMBER ON MORTGAGE DOES NOT MATCH MIC/LGC | |
MCOP | COPY OF MORTGAGE IS NOT COUNTY CERTIFIED | |
MINF | INFORMATION IS MISSING/INCORRECT ON MORTGAGE | |
MMAT | MATURITY DATE MISSING/INCORRECT ON MORTGAGE |
Code | Question Description | |
MNNA | NUMERIC AND ALPHA AMOUNTS DO NOT MATCH ON MORTGAGE | |
MORT | MORTGAGE IS MISSING OR INCORRECT | |
MOTH | OTHER MORTGAGE EXCEPTION | |
MREC | MORTGAGE SHOWS NO EVIDENCE OF RECORDING | |
MSIG | MORTGAGOR/CO-MORTGAGOR SIGNATURE MISSING ON MORTGAGE | |
NAME | Different Name/Address | |
NCOP | NOTE IS NOT ORIGINAL | |
NDAT | FIRST/LAST PAYMENT DATE IS MISSING ON NOTE | |
NINI | NOTE CORRECTION IS NOT INITIALLED | |
NINT | INTEREST RATE IS MISSING ON NOTE | |
NLEN | LENDER NAME IS MISSING ON NOTE | |
NNNA | NUMERIC AND ALPHA LOAN AMOUNTS DO NOT MATCH ON NOTE | |
NOT1 | NOTE EXCEPTION | |
NOT2 | NOTE EXCEPTION | |
NOTE | Note is missing or incorrect | |
NOTH | OTHER NOTE EXCEPTION | |
NRID | NOTE RIDER/ALLONGE/MODIFICATION IS NOT ORIGINAL | |
NSIG | BORROWER SIGNATURE IS INCOMPLETE ON NOTE | |
OBOR | DOCUMENT(S) IN THE FILE IS/ARE FOR OTHER BORROWER | |
OEXC | OTHER MISCELLANEOUS EXCEPTION | |
ONUM | OTHER LOAN # (FOR FHLMC) | |
POAC | POWER OF ATTORNEY COPY IS NOT CERTIFIED | |
POAM | POWER OF ATTORNEY IS MISSING | |
RFC0 | NOT STAMPED ARS BUT EXTRA ASSIGN | |
RFC1 | MISSING ASSIGNMENT(S) | |
RFC2 | MISSING RECORDED OR COUNTY CERTIFIED ASSIGNMENT(S) | |
RFC3 | ENDORSEMENT EXCEPTION | |
RFC8 | STAMPED ARS OR PINK SLIP BUT NOT MISSING ASSIGN | |
RFC9 | STAMPED ARS BUT IS MISSING ASSIGN | |
SADR | PROPERTY ADDRESS ON SCHEDULE DOES NOT MATCH NOTE | |
SAMT | ORIGINAL LOAN AMT ON SCHEDULE DOES NOT MATCH NOTE | |
SCIT | CITY ON SCHEDULE DOES NOT MATCH NOTE | |
SCZC | CITY & ZIP CODE BOTH DO NOT MATCH NOTE | |
SDAT | FIRST/LAST PAYMENT DATES ON SCHEDULE DO NOT MATCH NOTE | |
SIGN | BORROWER'S SIGNATURE IS INCOMPLETE ON NOTE | |
SINF | LOAN INFORMATION ON SCHEDULE DOES NOT MATCH NOTE | |
SINT | INTEREST RATE ON SCHEDULE DOES NOT MATCH NOTE | |
SLAB | NAME ON SCHEDULE AND LABEL DOES NOT MATCH NOTE | |
SNAM | NAME ON SCHEDULE DOES NOT MATCH NOTE | |
SNUM | HOUSE # ON SCHEDULE DOES NOT MATCH NOTE | |
SOTH | OTHER SCHEDULE EXCEPTION | |
SPLA | BORROWER'S NAME IS MISSPELLED ON ASSIGNMENT | |
SPLB | BORROWER'S NAME IS MISSPELLED ON SCHEDULE, FILE AND ASSIGN | |
SSTR | STREET NAME ON SCHEDULE DOES NOT MATCH NOTE | |
STAT | STATE ON SCHEDULE DOES NOT MATCH NOTE | |
SZIP | ZIP CODE ON SCHEDULE DOES NOT MATCH NOTE | |
TAMT | TITLE POLICY INSURANCE AMOUNT IS LESS THAN MORTGAGE | |
TCOP | TITLE POLICY COPY MISSING ORIGINAL AUTHORIZED SIGNATURE | |
TDAT | MORTGAGE DATE IN SCHEDULE "A" IS INCORRECT | |
TDES | MORTGAGE DESCRIPTION IN SCHEDULE "A" IS INCORRECT | |
TLGL | LEGAL DESCRIPTION IS MISSING FROM TITLE POLICY | |
TMTG | MORTGAGE AMOUNT IN SCHEDULE "A" IS INCORRECT | |
TNAM | NAME OF BORROWER IS INCORRECT ON TITLE POLICY | |
TOTH | OTHER TITLE POLICY EXCEPTION | |
TPOL | Title Policy is missing or incorrect |