HSI Asset Securitization CORP Trust 2007-Nc1 Sample Contracts

RECONSTITUTED SERVICING AGREEMENT
Servicing Agreement • June 20th, 2007 • HSI Asset Securitization CORP Trust 2007-Nc1 • Asset-backed securities • New York

This is a Servicing Agreement for fixed-rate and adjustable-rate residential first lien and second lien mortgage loans, dated and effective as of June 30, 2006, and is executed between HSBC Bank (USA) Inc., as owner (the "Owner"), and Wells Fargo Bank, N.A., as servicer (the "Servicer").

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ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT
Assignment, Assumption and Recognition Agreement • June 20th, 2007 • HSI Asset Securitization CORP Trust 2007-Nc1 • Asset-backed securities • New York

This is an Assignment, Assumption and Recognition Agreement (this “AAR Agreement”) made as of May 1, 2007, among HSBC Bank USA, National Association (the “Assignor”), HSI Asset Securitization Corporation (the “Depositor”), Countrywide Home Loans Servicing LP (the “Servicer”), Countrywide Home Loans, Inc. (the “Company”), Wells Fargo Bank, N.A., as master servicer (in such capacity, the “Master Servicer”) and securities administrator (in such capacity, the “Securities Administrator”) and Deutsche Bank National Trust Company, not individually but solely as trustee on behalf of the HSI Asset Securitization Corporation Trust 2007-NC1 (the “Assignee”).

HSI ASSET SECURITIZATION CORPORATION, Depositor, WELLS FARGO BANK, N.A., Master Servicer, Securities Administrator and Custodian, DEUTSCHE BANK NATIONAL TRUST COMPANY, Trustee and OFFICETIGER GLOBAL REAL ESTATE SERVICES INC., Credit Risk Manager
Pooling and Servicing Agreement • June 20th, 2007 • HSI Asset Securitization CORP Trust 2007-Nc1 • Asset-backed securities • New York

THIS POOLING AND SERVICING AGREEMENT, dated as of May 1, 2007, among HSI ASSET SECURITIZATION CORPORATION, as depositor (the “Depositor”), WELLS FARGO BANK, N.A., a national banking association, as master servicer (in such capacity, the “Master Servicer”), as securities administrator (in such capacity, the “Securities Administrator”) and as custodian (in such capacity, “the Custodian”), OFFICETIGER GLOBAL REAL ESTATE SERVICES INC., as credit risk manager (the “Credit Risk Manager”), and DEUTSCHE BANK NATIONAL TRUST COMPANY, a national banking association, as trustee (the “Trustee”).

MORTGAGE LOAN PURCHASE AGREEMENT
Mortgage Loan Purchase Agreement • June 20th, 2007 • HSI Asset Securitization CORP Trust 2007-Nc1 • Asset-backed securities • New York
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