Common use of Statements to Seller Clause in Contracts

Statements to Seller. Not later than the fifth (5th) Business Day of each month, the Servicer shall furnish to the Master Servicer, the Securities Administrator and the NIMS Insurer (i) a monthly remittance advice in the format set forth in Exhibit D-1 hereto and a monthly defaulted loan report in the format set forth in Exhibit D-2 hereto (or in such other format mutually agreed to between the Servicer and the Master Servicer) relating to the period ending on the last day of the preceding calendar month and (ii) all such information required pursuant to clause (i) above on a magnetic tape or other similar media reasonably acceptable to the Master Servicer. Together with such monthly remittance advice, the Servicer shall furnish to the Master Servicer, the Securities Administrator and the NIMS Insurer a report setting forth a calculation of each of the Trigger Events set forth in Section 8.03 relating to the period ending on the last day of the preceding calendar month. Such monthly remittance advice shall also be accompanied by a supplemental report provided to the Master Servicer, the Securities Administrator, the NIMS Insurer and the Seller which includes on an aggregate basis for the previous Due Period (i) the amount of claims filed on any LPMI Policy, (ii) the amount of any claim payments made on any LPMI Policy, (iii) the amount of claims denied or curtailed on any LPMI Policy and (iv) policies cancelled with respect to those Mortgage Loans covered by any LPMI Policy purchased by the Seller on behalf of the Trust Fund. In addition, not more than 75 days after the end of each calendar year, commencing December 31, 2005, the Servicer shall provide (as such information becomes reasonably available to the Servicer) to the Master Servicer, the Securities Administrator and the NIMS Insurer such information concerning the Mortgage Loans and annual remittances to the Master Servicer relating thereto as is necessary for the Securities Administrator to prepare the Trust Fund’s federal income tax return and for any investor in the Certificates to prepare any required tax return. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer to the Master Servicer, the Securities Administrator and the NIMS Insurer pursuant to any requirements of the Code as from time to time are in force.

Statements to Seller. Not later than the fifth eighteenth (5th18th) Business Day calendar day of each monthmonth (or if such eighteenth calendar day is not a Business Day, the immediately succeeding Business Day), the Servicer shall furnish to the Master Servicer, the Securities Administrator Servicer and the NIMS Insurer (i) a (a) monthly remittance advice loan data in the format set forth in Exhibit D-1 hereto and a monthly defaulted hereto, (b) default loan report data in the format set forth in Exhibit D-2 hereto and (c) information regarding realized losses and gains in the format set forth in Exhibit D-3 hereto (or in such other format formats mutually agreed to between the Servicer and the Master Servicer) ), in each case relating to the period ending on the last day of the preceding calendar month and month, (ii) all such information required pursuant to clause (ii)(a) above on a magnetic tape tape, electronic mail, or other similar media reasonably acceptable to the Master ServicerServicer and the NIMS Insurer and (iii) all supporting documentation with respect to the information required pursuant to clause (i)(c) above. Together with such monthly remittance advice, the Servicer shall furnish to the Master Servicer, the Securities Administrator and the NIMS Insurer Insurer, a report setting forth a calculation of each of the Trigger Events set forth in Section 8.03 relating to the period ending on the last day of the preceding calendar month. Such monthly remittance advice shall also be accompanied by a supplemental report provided to the Master Servicer, the Securities AdministratorSeller and, at its request, the NIMS Insurer and the Seller Insurer, which includes on an aggregate basis for the previous Due Period (i) the amount of claims filed on any LPMI Policy, (ii) the amount of any claim payments made on any LPMI Policy, (iii) the amount of claims denied or curtailed on any LPMI Policy and (iv) policies cancelled with respect to those Mortgage Loans covered by any LPMI Policy purchased by the Seller on behalf of the Trust Fund; provided, however, notwithstanding anything to the contrary contained in any LPMI Policy, the Servicer shall not be required to submit such supplemental reports including the foregoing data with respect to any LPMI Policy until a reporting date that is at least twenty (20) days after the Servicer has received sufficient loan level information from the Seller or the Master Servicer to appropriately code its servicing systems in accordance with such requirements. In addition, not more than 75 60 days after the end of each calendar year, commencing December 31, 20052004, the Servicer shall provide (as such information becomes reasonably available to the Servicer) to the Master Servicer, the Securities Administrator and the NIMS Insurer such information concerning the Mortgage Loans and annual remittances to the Master Servicer relating thereto as is necessary for the Securities Administrator to prepare the Trust Fund’s federal income tax return and for any investor in the Certificates to prepare any required tax return. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer to the Master Servicer, the Securities Administrator and the NIMS Insurer pursuant to any requirements of the Code as from time to time are in force. The Servicer shall also provide to the Securities Administrator such information as may be requested by it and required for the completion of any tax reporting responsibility of the Securities Administrator within such reasonable time frame as shall enable the Securities Administrator to timely file each Schedule Q (or other applicable tax report or return) required to be filed by it.

Statements to Seller. Not later than the fifth tenth (5th10th) Business Day calendar day of each monthmonth (or if such tenth calendar day is not a Business Day, the immediately preceding Business Day), the Servicer shall furnish to the Master Servicer, the Securities Administrator Servicer and the NIMS Insurer (i) a (a) monthly remittance advice loan data in the format set forth in Exhibit D-1 hereto and a monthly defaulted hereto, (b) default loan report data in the format set forth in Exhibit D-2 hereto and (c) information regarding realized losses and gains in the format set forth in Exhibit D-3 hereto (or in such other format formats mutually agreed to between the Servicer and the Master Servicer) ), in each case relating to the period ending on the last day of the preceding calendar month and month, (ii) all such information required pursuant to clause (ii)(a) above on a magnetic tape tape, electronic mail, or other similar media reasonably acceptable to the Master ServicerServicer and the NIMS Insurer and (iii) all supporting documentation with respect to the information required pursuant to clause (i)(c) above. Together with such monthly remittance advice, the Servicer shall furnish to the Master Servicer, the Securities Administrator Servicer and the NIMS Insurer Insurer, a report setting forth a calculation of each of the Trigger Events set forth in Section 8.03 relating to the period ending on the last day of the preceding calendar month. Not later than 12:00 (Noon) Eastern Standard Time on the seventeenth calendar day of each month (or if such seventeenth calendar day is not a Business Day, 12:00 (Noon) Eastern Standard Time on the immediately succeeding Business Day), the Servicer shall furnish to the Master Servicer (a) a monthly payoff remittance advice regarding any Principal Prepayments in full applied to the related Mortgage Loan on or after the sixteenth day of the month preceding the month of such reporting date, but on or before the fifteenth day of the month of such reporting date, containing such information and in such format as is mutually acceptable to the Master Servicer and the Servicer, and in any event containing sufficient information to permit the Master Servicer to properly report Principal Prepayment in full information to the Trustee under the Trust Agreement and (b) all such information required pursuant to clause (a) above in electronic format, on magnetic tape or other similar media reasonably acceptable to the Master Servicer. Such monthly remittance advice shall also be accompanied by a supplemental report provided to the Master Servicer, the Securities AdministratorSeller and, at its request, the NIMS Insurer and the Seller Insurer, which includes on an aggregate basis for the previous Due Period (i) the amount of claims filed on any LPMI Policy, (ii) the amount of any claim payments made on any LPMI Policy, (iii) the amount of claims denied or curtailed on any LPMI Policy and (iv) policies cancelled with respect to those Mortgage Loans covered by any LPMI Policy purchased by the Seller on behalf of the Trust Fund; provided, however, notwithstanding anything to the contrary contained in any LPMI Policy, the Servicer shall not be required to submit such supplemental reports including the foregoing data with respect to any LPMI Policy until a reporting date that is at least twenty (20) days after the Servicer has received sufficient loan level information from the Seller or the Master Servicer to appropriately code its servicing systems in accordance with such requirements. In addition, not more than 75 60 days after the end of each calendar year, commencing December 31, 2005, the Servicer shall provide (as such information becomes reasonably available to the Servicer) to the Master ServicerTrustee, the Securities Administrator Master Servicer and the NIMS Insurer such information concerning the Mortgage Loans and annual remittances to the Trustee and the Master Servicer relating thereto as is necessary for the Securities Administrator Trustee to prepare the Trust Fund’s federal income tax return and for any investor in the Certificates to prepare any required tax return. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer to the Master ServicerTrustee, the Securities Administrator Master Servicer and the NIMS Insurer pursuant to any requirements of the Code as from time to time are in force. The Servicer shall also provide to the Trustee such information as may be requested by it and required for the completion of any tax reporting responsibility of the Trustee within such reasonable time frame as shall enable the Trustee to timely file each Schedule Q (or other applicable tax report or return) required to be filed by it.

Statements to Seller. Not later than the fifth tenth (5th10th) Business Day calendar day of each monthmonth (or if such tenth calendar day is not a Business Day, the immediately preceding Business Day), the Servicer shall furnish to the Master Servicer, the Securities Administrator Servicer and the NIMS Insurer (i) a monthly remittance advice in the format set forth in Exhibit D-1 hereto and a monthly defaulted loan report in the format set forth in Exhibit D-2 hereto (or in such other format mutually agreed to between the Servicer and the Master Servicer) relating to the period ending on the last day of the preceding calendar month and (ii) all such information required pursuant to clause (i) above on a magnetic tape or other similar media reasonably acceptable to the Master Servicer. Together with such monthly remittance advice, the Servicer shall furnish to the Master Servicer, the Securities Administrator Servicer and the NIMS Insurer a report setting forth a calculation of each of the Trigger Events set forth in Section 8.03 relating to the period ending on the last day of the preceding calendar month. Such monthly remittance advice shall also be accompanied by with a supplemental report provided to the Master Servicer, the Securities Administrator, the NIMS Insurer and the Seller which includes on an aggregate basis for the previous calendar month (i) the amount of claims filed, (ii) the amount of any claim payments made, (iii) the amount of claims denied or curtailed and (iv) policies cancelled with respect to those Mortgage Loans covered by any PMI Policy purchased by Seller on behalf of the Trust Fund. Such supplemental report shall also include the aggregate amount of DA Dividends attributable to DAD Mortgage Loans deposited into the DA Reserve Account for the related Due Period, and the amount of DA Dividends remitted to the Master Servicer for the related Due Period as a result of or relating to a DA Forfeiture Event by the related Mortgagor. The Master Servicer will convert such data into a format acceptable to the Trustee and provide monthly reports to the Trustee pursuant to the Trust Agreement; provided, however, notwithstanding anything to the contrary contained in a PMI Policy, the Servicer shall not be required to submit any supplemental reports including the foregoing data with respect to a PMI Policy until a reporting date that is at least 15 days after the Servicer has received sufficient loan level information from each Seller (with respect to its related Mortgage Loans) to appropriately code its servicing system in accordance with the PMI Insurer’s requirements Such monthly remittance advice shall also be accompanied by a supplemental report provided to the Master Servicer and the NIMS Insurer and the Seller which includes on an aggregate basis for the previous calendar month (i) the amount of claims filed on any LPMI Policy, (ii) the amount of any claim payments made on any LPMI Policy, (iii) the amount of claims denied or curtailed on any LPMI Policy and (iv) policies cancelled with respect to those Mortgage Loans covered by any LPMI Policy purchased by the Seller on behalf of the Trust Fund. For each Mortgage Loan, the Servicer shall furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, information (e.g., favorable and unfavorable) on its borrower credit files to each of the following credit repositories: Equifax Credit Information Services, Inc., Trans Union, LLC and Experian Information Solution, Inc., on a monthly basis. In addition, at the Master Servicer’s or Trustee’s request, not more than 75 60 days after the end of each calendar year, commencing December 31, 20052002, the Servicer shall provide (as such information becomes reasonably available to the Servicer) to the Master Servicer, the Securities Administrator Servicer and the NIMS Insurer such information concerning the Mortgage Loans and annual remittances to the Master Servicer relating thereto as is necessary for the Securities Administrator Trustee to prepare the Trust Fund’s federal income tax return and for any investor in the Certificates to prepare any required tax return. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer to the Master Servicer, the Securities Administrator Servicer and the NIMS Insurer pursuant to any requirements of the Code as from time to time are in force.

Statements to Seller. Not later than the fifth tenth (5th10th) Business Day calendar day of each monthmonth (or if such tenth calendar day is not a Business Day, the immediately preceding Business Day), the Servicer shall furnish to the Master Servicer, the Securities Administrator Servicer and the NIMS Insurer (i) a (a) monthly remittance advice loan data in the format set forth in Exhibit D-1 hereto and a monthly defaulted hereto, (b) default loan report data in the format set forth in Exhibit D-2 hereto and (c) information regarding realized losses and gains in the format set forth in Exhibit D-3 hereto (or in such other format formats mutually agreed to between the Servicer and the Master Servicer) ), in each case relating to the period ending on the last day of the preceding calendar month and month, (ii) all such information required pursuant to clause (ii)(a) above on a magnetic tape tape, electronic mail, or other similar media reasonably acceptable to the Master ServicerServicer and the NIMS Insurer and (iii) all supporting documentation with respect to the information required pursuant to clause (i)(c) above. Together with such monthly remittance advice, the Servicer shall furnish to the Master Servicer, the Securities Administrator Servicer and the NIMS Insurer Insurer, a report setting forth a calculation of each of the Trigger Events set forth in Section 8.03 relating to the period ending on the last day of the preceding calendar month. Not later than 12:00 (Noon) Eastern Standard Time on the seventeenth calendar day of each month (or if such seventeenth calendar day is not a Business Day, 12:00 (Noon) Eastern Standard Time on the immediately succeeding Business Day), the Servicer shall furnish to the Master Servicer (a) a monthly payoff remittance advice regarding any Principal Prepayments in full applied to the related Mortgage Loan on or after the sixteenth day of the month preceding the month of such reporting date, but on or before the fifteenth day of the month of such reporting date, containing such information and in such format as is mutually acceptable to the Master Servicer and the Servicer, and in any event containing sufficient information to permit the Master Servicer to properly report Principal Prepayment in full information to the Trustee under the Trust Agreement and (b) all such information required pursuant to clause (a) above in electronic format, on magnetic tape or other similar media reasonably acceptable to the Master Servicer. Such monthly remittance advice shall also be accompanied by a supplemental report provided to the Master Servicer, the Securities AdministratorSeller and, at its request, the NIMS Insurer and the Seller Insurer, which includes on an aggregate basis for the previous Due Period (i) the amount of claims filed on any LPMI Policy, (ii) the amount of any claim payments made on any LPMI Policy, (iii) the amount of claims denied or curtailed on any LPMI Policy and (iv) policies cancelled with respect to those Mortgage Loans covered by any LPMI Policy purchased by the Seller on behalf of the Trust Fund; provided, however, notwithstanding anything to the contrary contained in any LPMI Policy, the Servicer shall not be required to submit such supplemental reports including the foregoing data with respect to any LPMI Policy until a reporting date that is at least twenty (20) days after the Servicer has received sufficient loan level information from the Seller or the Master Servicer to appropriately code its servicing systems in accordance with such requirements. In addition, not more than 75 60 days after the end of each calendar year, commencing December 31, 2005, the Servicer shall provide (as such information becomes reasonably available to the Servicer) to the Master ServicerTrustee, the Securities Administrator Master Servicer and the NIMS Insurer such information concerning the Mortgage Loans and annual remittances to the Trustee and the Master Servicer relating thereto as is necessary for the Securities Administrator Trustee to prepare the Trust Fund’s federal income tax return and for any investor in the Certificates to prepare any required tax return. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer to the Master ServicerTrustee, the Securities Administrator Master Servicer and the NIMS Insurer pursuant to any requirements of the Code as from time to time are in force. The Servicer shall also provide to the Trustee such information as may be requested by it and required for the completion of any tax reporting responsibility of the Trustee, within such reasonable time frame as shall enable the Trustee to timely file each Schedule Q (or other applicable tax report or return) required to be filed by it.

Statements to Seller. Not later than the fifth tenth (5th10th) Business Day calendar day of each monthmonth (or if such tenth calendar day is not a Business Day, the immediately preceding Business Day), the Servicer shall furnish to the Master Servicer, the Securities Administrator and the NIMS Insurer Servicer (i) a monthly remittance advice in the format set forth in Exhibit D-1 hereto and a monthly defaulted loan report in the format set forth in Exhibit D-2 hereto (or in such other format mutually agreed to between the Servicer and the Master Servicer) relating to the period ending on the last day of the preceding calendar month and (ii) all such information required pursuant to clause (i) above on a magnetic tape or other similar media reasonably acceptable to the Master Servicer. Together with such monthly remittance advice, the Servicer shall furnish to the Master Servicer, the Securities Administrator and the NIMS Insurer a report setting forth a calculation of each of the Trigger Events set forth in Section 8.03 relating to the period ending on the last day of the preceding calendar month. Such monthly remittance advice shall also be accompanied by a supplemental report provided to the Master Servicer, the Securities Administrator, the NIMS Insurer and the Seller which includes on an aggregate basis for the previous Due Period calendar month (i) the amount of claims filed on any LPMI Policyfiled, (ii) the amount of any claim payments made on any LPMI Policy, and (iii) the amount of claims denied or curtailed curtailed. The Master Servicer will convert such data into a format acceptable to the Trust Administrator and provide monthly reports to the Trust Administrator pursuant to the Trust Agreement. For each Mortgage Loan, the Servicer shall furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, information (e.g., favorable and unfavorable) on any LPMI Policy and (iv) policies cancelled with respect its borrower credit files to those Mortgage Loans covered by any LPMI Policy purchased by the Seller on behalf each of the Trust Fundthree national credit reporting agencies on a monthly basis. In addition, not more than 75 days after the end of each calendar year, commencing December 31, 20052003, the Servicer shall provide (as such information becomes reasonably available to the Servicer) to the Master ServicerServicer and, upon request by the NIMS Insurer, the Securities Administrator and Master Servicer shall furnish to the NIMS Insurer Insurer, such information concerning the Mortgage Loans and annual remittances to the Master Servicer relating thereto therefrom as is necessary for the Securities Trust Administrator to prepare the Trust Fund’s federal income tax return and for any investor in the Certificates to prepare any required tax return. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer to the Master Servicer, the Securities Trust Administrator and the NIMS Insurer pursuant to any requirements of the Code as from time to time are in force. The Servicer shall also provide to the Trust Administrator such information as may be requested by it and required for the completion of any tax reporting responsibility of the Trust Administrator within such reasonable time frame as shall enable the Trust Administrator to timely file each Schedule Q (or other applicable tax report or return) required to be filed by it.

Statements to Seller. Not later than the fifth tenth (5th10th) Business Day calendar day of each monthmonth (or if such tenth calendar day is not a Business Day, the immediately preceding Business Day), the Servicer shall furnish to the Master Servicer, the Securities Administrator Servicer and the NIMS Insurer (i) a monthly remittance advice in the format set forth in Exhibit D-1 hereto and a monthly defaulted loan report in the format set forth in Exhibit D-2 hereto (or in such other format mutually agreed to between the Servicer and the Master Servicer) relating to the period ending on the last day of the preceding calendar month and (ii) all such information required pursuant to clause (i) above on a magnetic tape or other similar media reasonably acceptable to the Master Servicer. Together with such monthly remittance advice, the Servicer shall furnish to the Master Servicer, the Securities Administrator Servicer and the NIMS Insurer a report setting forth a calculation of each of the Trigger Events set forth in Section 8.03 relating to the period ending on the last day of the preceding calendar month. Such monthly remittance advice shall also be accompanied by with a supplemental report provided to the Master Servicer, the Securities Administrator, the NIMS Insurer and the Seller which includes on an aggregate basis for the previous calendar month (i) the amount of claims filed, (ii) the amount of any claim payments made, (iii) the amount of claims denied or curtailed and (iv) policies cancelled with respect to those Mortgage Loans covered by any PMI Policy purchased by Seller on behalf of the Trust Fund. Such supplemental report shall also include the aggregate amount of DA Dividends attributable to DAD Mortgage Loans deposited into the DA Reserve Account for the related Due Period, and the amount of DA Dividends remitted to the Master Servicer for the related Due Period as a result of or relating to a DA Forfeiture Event by the related Mortgagor. The Master Servicer will convert such data into a format acceptable to the Trustee and provide monthly reports to the Trustee pursuant to the Trust Agreement; provided, however, notwithstanding anything to the contrary contained in a PMI Policy, the Servicer shall not be required to submit any supplemental reports including the foregoing data with respect to a PMI Policy until a reporting date that is at least 15 days after the Servicer has received sufficient loan level information from each Seller (with respect to its related Mortgage Loans) to appropriately code its servicing system in accordance with the PMI Insurer’s requirements Such monthly remittance advice shall also be accompanied by a supplemental report provided to the Master Servicer and the NIMS Insurer and the Seller which includes on an aggregate basis for the previous calendar month (i) the amount of claims filed on any LPMI Policy, (ii) the amount of any claim payments made on any LPMI Policy, (iii) the amount of claims denied or curtailed on any LPMI Policy and (iv) policies cancelled with respect to those Mortgage Loans covered by any LPMI Policy purchased by the Seller on behalf of the Trust Fund. For each Mortgage Loan, the Servicer shall furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, information (e.g., favorable and unfavorable) on its borrower credit files to each of the following credit repositories: Equifax Credit Information Services, Inc., Trans Union, LLC and Experian Information Solution, Inc., on a monthly basis. In addition, at the Master Servicer’s or Trustee’s request, not more than 75 60 days after the end of each calendar year, commencing December 31, 20052003, the Servicer shall provide (as such information becomes reasonably available to the Servicer) to the Master Servicer, the Securities Administrator Servicer and the NIMS Insurer such information concerning the Mortgage Loans and annual remittances to the Master Servicer relating thereto as is necessary for the Securities Administrator Trustee to prepare the Trust Fund’s federal income tax return and for any investor in the Certificates to prepare any required tax return. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer to the Master Servicer, the Securities Administrator Servicer and the NIMS Insurer pursuant to any requirements of the Code as from time to time are in force.

Statements to Seller. Not later than the fifth tenth (5th10th) Business Day calendar day of each monthmonth (or if such tenth calendar day is not a Business Day, the immediately preceding Business Day), the Servicer shall furnish to the Master Servicer, the Securities Administrator Servicer and the NIMS Insurer (i) a (a) monthly remittance advice loan data in the format set forth in Exhibit D-1 hereto and a monthly defaulted hereto, (b) default loan report data in the format set forth in Exhibit D-2 hereto and (c) information regarding realized losses and gains in the format set forth in Exhibit D-3 hereto (or in such other format formats mutually agreed to between the Servicer and the Master Servicer) ), in each case relating to the period ending on the last day of the preceding calendar month and month, (ii) all such information required pursuant to clause (ii)(a) above on a magnetic tape tape, electronic mail, or other similar media reasonably acceptable to the Master ServicerServicer and the NIMS Insurer and (iii) all supporting documentation with respect to the information required pursuant to clause (i)(c) above. Together with such monthly remittance advice, the Servicer shall furnish to the Master Servicer, the Securities Administrator and the NIMS Insurer Insurer, a report setting forth a calculation of each of the Trigger Events set forth in Section 8.03 relating to the period ending on the last day of the preceding calendar month. Not later than 12:00 (Noon) Eastern Standard Time on the seventeenth calendar day of each month (or if such seventeenth calendar day is not a Business Day, 12:00 (Noon) Eastern Standard Time on the immediately succeeding Business Day), the Servicer shall furnish to the Master Servicer (a) a monthly payoff remittance advice regarding any Principal Prepayments in full applied to the related Mortgage Loan on or after the sixteenth day of the month preceding the month of such reporting date, but on or before the fifteenth day of the month of such reporting date, containing such information and in such format as is mutually acceptable to the Master Servicer and the Servicer, and in any event containing sufficient information to permit the Master Servicer to properly report Principal Prepayment in full information to the Securities Administrator [if none, the Trustee] under the Trust Agreement and (b) all such information required pursuant to clause (a) above in electronic format, on magnetic tape or other similar media reasonably acceptable to the Master Servicer. Such monthly remittance advice shall also be accompanied by a supplemental report provided to the Master Servicer, the Securities AdministratorSeller and, at its request, the NIMS Insurer and the Seller Insurer, which includes on an aggregate basis for the previous Due Period (i) the amount of claims filed on any LPMI Policy, (ii) the amount of any claim payments made on any LPMI Policy, (iii) the amount of claims denied or curtailed on any LPMI Policy and (iv) policies cancelled with respect to those Mortgage Loans covered by any LPMI Policy purchased by the Seller on behalf of the Trust Fund; provided, however, notwithstanding anything to the contrary contained in any LPMI Policy, the Servicer shall not be required to submit such supplemental reports including the foregoing data with respect to any LPMI Policy until a reporting date that is at least twenty (20) days after the Servicer has received sufficient loan level information from the Seller or the Master Servicer to appropriately code its servicing systems in accordance with such requirements. In addition, not more than 75 60 days after the end of each calendar year, commencing December 31, 2005, the Servicer shall provide (as such information becomes reasonably available to the Servicer) to the Securities Administrator, Master Servicer, the Securities Administrator Servicer and the NIMS Insurer such information concerning the Mortgage Loans and annual remittances to the Securities Administrator and the Master Servicer relating thereto as is necessary for the Securities Administrator to prepare the Trust Fund’s federal income tax return and for any investor in the Certificates to prepare any required tax return. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer to the Securities Administrator, Master Servicer, the Securities Administrator Servicer and the NIMS Insurer pursuant to any requirements of the Code as from time to time are in force. The Servicer shall also provide to the Securities Administrator such information as may be requested by it and required for the completion of any tax reporting responsibility of the Securities Administrator, within such reasonable time frame as shall enable the Securities Administrator to timely file each Schedule Q (or other applicable tax report or return) required to be filed by it.

Statements to Seller. Not later than the fifth tenth (5th10th) Business Day calendar day of each monthmonth (or if such tenth calendar day is not a Business Day, the immediately preceding Business Day), the Servicer shall furnish to the Master Servicer, the Securities Administrator Servicer and the NIMS Insurer (i) a (a) monthly remittance advice loan data in the format set forth in Exhibit D-1 hereto and a monthly defaulted hereto, (b) default loan report data in the format set forth in Exhibit D-2 hereto and (c) information regarding realized losses and gains in the format set forth in Exhibit D-3 hereto (or in such other format formats mutually agreed to between the Servicer and the Master Servicer) ), in each case relating to the period ending on the last day of the preceding calendar month and month, (ii) all such information required pursuant to clause (ii)(a) above on a magnetic tape tape, electronic mail, or other similar media reasonably acceptable to the Master ServicerServicer and the NIMS Insurer and (iii) all supporting documentation with respect to the information required pursuant to clause (i)(c) above. Together with such monthly remittance advice, the Servicer shall furnish to the Master Servicer, the Securities Administrator Servicer and the NIMS Insurer Insurer, a report setting forth a calculation of each of the Trigger Events set forth in Section 8.03 relating to the period ending on the last day of the preceding calendar month. Not later than 12:00 (Noon) Eastern Standard Time on the seventeenth calendar day of each month (or if such seventeenth calendar day is not a Business Day, 12:00 (Noon) Eastern Standard Time on the immediately succeeding Business Day), the Servicer shall furnish to the Master Servicer (a) a monthly payoff remittance advice regarding any Principal Prepayments in full applied to the related Mortgage Loan on or after the sixteenth day of the month preceding the month of such reporting date, but on or before the fifteenth day of the month of such reporting date, containing such information and in such format as is mutually acceptable to the Master Servicer and the Servicer, and in any event containing sufficient information to permit the Master Servicer to properly report Principal Prepayment in full information to the Trustee under the Trust Agreement and (b) all such information required pursuant to clause (a) above in electronic format, on magnetic tape or other similar media reasonably acceptable to the Master Servicer. Such monthly remittance advice shall also be accompanied by a supplemental report provided to the Master Servicer, the Securities AdministratorSeller and, at its request, the NIMS Insurer and the Seller Insurer, which includes on an aggregate basis for the previous Due Period (i) the amount of claims filed on any LPMI Policy, (ii) the amount of any claim payments made on any LPMI Policy, (iii) the amount of claims denied or curtailed on any LPMI Policy and (iv) policies cancelled with respect to those Mortgage Loans covered by any LPMI Policy purchased by the Seller on behalf of the Trust Fund; provided, however, notwithstanding anything to the contrary contained in any LPMI Policy, the Servicer shall not be required to submit such supplemental reports including the foregoing data with respect to any LPMI Policy until a reporting date that is at least twenty (20) days after the Servicer has received sufficient loan level information from the Seller or the Master Servicer to appropriately code its servicing systems in accordance with such requirements. In addition, not more than 75 60 days after the end of each calendar year, commencing December 31, 2005, the Servicer shall provide (as such information becomes reasonably available to the Servicer) to the Trustee, Master Servicer, the Securities Administrator Servicer and the NIMS Insurer such information concerning the Mortgage Loans and annual remittances to the Trustee and the Master Servicer relating thereto as is necessary for the Securities Administrator Trustee to prepare the Trust Fund’s federal income tax return and for any investor in the Certificates to prepare any required tax return. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer to the Trustee, Master Servicer, the Securities Administrator Servicer and the NIMS Insurer pursuant to any requirements of the Code as from time to time are in force. The Servicer shall also provide to the Trustee such information as may be requested by it and required for the completion of any tax reporting responsibility of the Trustee, within such reasonable time frame as shall enable the Trustee to timely file each Schedule Q (or other applicable tax report or return) required to be filed by it.

Statements to Seller. (a) Not later than the fifth tenth (5th10th) Business Day calendar day of each monthmonth (or if such tenth calendar day is not a Business Day, the immediately preceding Business Day), the Servicer shall furnish to the Master Servicer, the Securities Administrator Servicer and the NIMS Insurer (i) a (a) monthly remittance advice loan data in the format set forth in Exhibit D-1 hereto and a monthly defaulted hereto, (b) default loan report data in the format set forth in Exhibit D-2 hereto and (or c) a monthly loan loss report in such other the format mutually agreed to between the Servicer and the Master Servicer) relating to the period ending on the last day of the preceding calendar month and set forth in Exhibit D-3 hereto, (ii) all such information required pursuant to clause (ii)(a) above on a magnetic tape tape, electronic mail, or other similar media reasonably acceptable to the Master ServicerServicer and the NIMS Insurer and (iii) all supporting documentation with respect to the information required pursuant to clause (i)(c) above. Together with such monthly remittance advice, the Servicer shall furnish to the Master Servicer, the Securities Administrator Servicer and the NIMS Insurer Insurer, a report setting forth a calculation of each of the Trigger Events set forth in Section 8.03 relating to the period ending on the last day of the preceding calendar month. Not later than 12:00 (Noon) Eastern Standard Time on the seventeenth calendar day of each month (or if such seventeenth calendar day is not a Business Day, 12:00 (Noon) Eastern Standard Time on the immediately succeeding Business Day), the Servicer shall furnish to the Master Servicer (a) a monthly payoff remittance advice regarding any Principal Prepayments in full applied to the related Mortgage Loan on or after the sixteenth day of the month preceding the month of such reporting date, but on or before the fifteenth day of the month of such reporting date, containing such information and in such format as is mutually acceptable to the Master Servicer and the Servicer, and in any event containing sufficient information to permit the Master Servicer to properly report Principal Prepayment in full information to the Trustee under the Trust Agreement and (b) all such information required pursuant to clause (a) above in electronic format, on magnetic tape or other similar media reasonably acceptable to the Master Servicer. Such monthly remittance advice shall also be accompanied by a supplemental report provided to the Master Servicer, the Securities AdministratorSeller and, at its request, the NIMS Insurer and the Seller Insurer, which includes on an aggregate basis for the previous Due Period (i) the amount of claims filed on any LPMI Policy, (ii) the amount of any claim payments made on any LPMI Policy, (iii) the amount of claims denied or curtailed on any LPMI Policy and (iv) policies cancelled with respect to those Mortgage Loans covered by any LPMI Policy purchased by the Seller on behalf of the Trust Fund. In addition; provided, not more than 75 days after however, notwithstanding anything to the end of each calendar year, commencing December 31, 2005contrary contained in any LPMI Policy, the Servicer shall provide not be required to submit such supplemental reports including the foregoing data with respect to any LPMI Policy until a reporting date that is at least twenty (as such 20) days after the Servicer has received sufficient loan level information becomes reasonably available to from the Servicer) to the Master Servicer, the Securities Administrator and the NIMS Insurer such information concerning the Mortgage Loans and annual remittances to Seller or the Master Servicer relating thereto as is necessary for the Securities Administrator to prepare the Trust Fund’s federal income tax return and for any investor appropriately code its servicing systems in the Certificates to prepare any required tax return. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer to the Master Servicer, the Securities Administrator and the NIMS Insurer pursuant to any requirements of the Code as from time to time are in forceaccordance with such requirements.

Statements to Seller. Not later than the fifth tenth (5th10th) Business Day calendar day of each monthmonth (or if such tenth calendar day is not a Business Day, the immediately preceding Business Day), the Servicer shall furnish to the Master Servicer, the Securities Administrator and the NIMS Insurer Servicer (i) a monthly remittance advice in the format set forth in Exhibit D-1 hereto and a monthly defaulted loan report in the format set forth in Exhibit D-2 hereto (or in such other format mutually agreed to between the Servicer and the Master Servicer) relating to the period ending on the last day of the preceding calendar month and (ii) all such information required pursuant to clause (i) above on a magnetic tape or other similar media reasonably acceptable to the Master Servicer. Together with such monthly remittance advice, the Servicer shall furnish to the Master Servicer, the Securities Administrator and the NIMS Insurer a report setting forth a calculation of each of the Trigger Events set forth in Section 8.03 relating to the period ending on the last day of the preceding calendar month. Such monthly remittance advice shall also be accompanied by a supplemental report provided to the Master Servicer, the Securities Administrator, the NIMS Insurer and the Seller which includes on an aggregate basis for the previous Due Period calendar month (i) the amount of claims filed on any LPMI Policyfiled, (ii) the amount of any claim payments made on any LPMI Policy, and (iii) the amount of claims denied or curtailed curtailed. The Master Servicer will convert such data into a format acceptable to the Trust Administrator and provide monthly reports to the Trust Administrator pursuant to the Trust Agreement. For each Mortgage Loan, the Servicer shall furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, information (e.g., favorable and unfavorable) on any LPMI Policy and (iv) policies cancelled with respect its borrower credit files to those Mortgage Loans covered by any LPMI Policy purchased by the Seller on behalf each of the Trust Fundthree national credit reporting agencies on a monthly basis. In addition, not more than 75 days after the end of each calendar year, commencing December 31, 2005, the Servicer shall provide (as such information becomes reasonably available to the Servicer) to the Master ServicerServicer and, upon request by the NIMS Insurer, the Securities Administrator and Master Servicer shall furnish to the NIMS Insurer Insurer, such information concerning the Mortgage Loans and annual remittances to the Master Servicer relating thereto therefrom as is necessary for the Securities Trust Administrator to prepare the Trust Fund’s federal income tax return and for any investor in the Certificates to prepare any required tax return. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer to the Master Servicer, the Securities Trust Administrator and the NIMS Insurer pursuant to any requirements of the Code as from time to time are in force. The Servicer shall also provide to the Trust Administrator such information as may be requested by it and required for the completion of any tax reporting responsibility of the Trust Administrator within such reasonable time frame as shall enable the Trust Administrator to timely file each Schedule Q (or other applicable tax report or return) required to be filed by it.

Statements to Seller. Not later than the fifth tenth (5th10th) Business Day calendar day of each monthmonth (or if such tenth calendar day is not a Business Day, the immediately preceding Business Day), the Servicer shall furnish to the Master Servicer, the Securities Administrator Servicer and the NIMS Insurer (i) a monthly remittance advice in the format set forth in Exhibit D-1 hereto and a monthly defaulted loan report in the format set forth in Exhibit D-2 hereto (or in such other format mutually agreed to between the Servicer and the Master Servicer) relating to the period ending on the last day of the preceding calendar month and (ii) all such information required pursuant to clause (i) above on a magnetic tape or other similar media reasonably acceptable to the Master Servicer. Together with such monthly remittance advice, the Servicer shall furnish to the Master Servicer, the Securities Administrator Servicer and the NIMS Insurer a report setting forth a calculation of each of the Trigger Events set forth in Section 8.03 relating to the period ending on the last day of the preceding calendar month. Such monthly remittance advice shall also be accompanied by a supplemental report provided to the Master ServicerFor each Mortgage Loan, the Securities AdministratorServicer shall furnish, in accordance with the NIMS Insurer Fair Credit Reporting Act and the Seller which includes its implementing regulations, information (e.g., favorable and unfavorable) on an aggregate basis for the previous Due Period (i) the amount of claims filed on any LPMI Policy, (ii) the amount of any claim payments made on any LPMI Policy, (iii) the amount of claims denied or curtailed on any LPMI Policy and (iv) policies cancelled with respect its borrower credit files to those Mortgage Loans covered by any LPMI Policy purchased by the Seller on behalf each of the Trust Fundfollowing credit repositories: Equifax Credit Information Services, Inc., Trans Union, LLC and Experian Information Solution, Inc., on a monthly basis. In addition, at the Master Servicer’s or Trustee’s request, not more than 75 60 days after the end of each calendar year, commencing December 31, 20052002, the Servicer shall provide (as such information becomes reasonably available to the Servicer) to the Master Servicer, the Securities Administrator Servicer and the NIMS Insurer such information concerning the Mortgage Loans and annual remittances to the Master Servicer relating thereto as is necessary for the Securities Administrator Trustee to prepare the Trust Fund’s federal income tax return and for any investor in the Certificates to prepare any required tax return. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer to the Master Servicer, the Securities Administrator and the NIMS Insurer Servicer pursuant to any requirements of the Code as from time to time are in force.