Assignment Of Representations And Warranties Agreement

Assignment of Representations and Warranties Agreement

 

EXHIBIT 10.5

 

ASSIGNMENT OF REPRESENTATIONS AND WARRANTIES AGREEMENT

 

This is an Assignment of Representations and Warranties Agreement (the “Agreement”) made as of the 13th day of June, 2013, among Redwood Residential Acquisition Corporation, a Delaware corporation (“Assignor”), Sequoia Residential Funding, Inc., a Delaware corporation (“Depositor”), Wilmington Trust, National Association, a national banking association, 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 June 1, 2013 (the “Pooling and Servicing Agreement”), and WJ Bradley Mortgage Capital, LLC, a Delaware corporation (“WJ Bradley”).

 

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 July 1, 2012, between Assignor and WJ Bradley (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 WJ Bradley 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 WJ Bradley 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.           WJ Bradley hereby acknowledges the foregoing assignments.

 

Representations and Warranties

 

4.          Assignor warrants and represents to, and covenants with, Depositor, Assignee and WJ Bradley 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 WJ Bradley 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 WJ Bradley 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 WJ Bradley that as of the date hereof:

 

(a)          Wilmington Trust, National Association, in its individual capacity is a national banking association 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.           WJ Bradley 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)          WJ Bradley 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)          WJ Bradley 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 WJ Bradley’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of WJ Bradley’s charter or by-laws or any legal restriction, or any material agreement or instrument to which WJ Bradley 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 WJ Bradley or its property is subject. The execution, delivery and performance by WJ Bradley 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 WJ Bradley. This Agreement has been duly executed and delivered by WJ Bradley and, upon the due authorization, execution and delivery by Assignor, Assignee and the Depositor, will constitute the valid and legally binding obligation of WJ Bradley enforceable against WJ Bradley 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 WJ Bradley in connection with the execution, delivery or performance by WJ Bradley of this Agreement, or the consummation by it of the transactions contemplated hereby.

 

Restated WJ Bradley Representations and Warranties

 

8.           Pursuant to Section 32(d) of the Purchase Agreement, WJ Bradley hereby restates to Depositor and Assignee, as if fully set forth herein, as of the related Closing Date, the representations and warranties set forth in Subsection 7.01 of the Purchase Agreement, and, as of the date hereof, the representations and warranties set forth in Subsection 7.02 of the Purchase Agreement.

 

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In the event of a breach of any representations and warranties referred to in the immediately preceding paragraph 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 WJ Bradley 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, WJ Bradley 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 WJ Bradley 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. WJ Bradley agrees and acknowledges that Sequoia Mortgage Funding Corporation, an Affiliate of the Depositor, in its capacity as the initial Controlling Holder (as defined in the Pooling and Servicing Agreement) 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:

 

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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 WJ Bradley,
     
    WJ Bradley Mortgage Capital LLC
    6465 Greenwood Plaza Blvd Suite 500
    Centennial, CO 80111
    Attention: Karin Good
    Phone: (720) 250-9836
     
    with a copy to

 

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    General Counsel at the same address
     
  (b) In the case of Assignee,
     
    Wilmington Trust, National Association
    1100 North Market Street
    Rodney Square North
    Wilmington, DE 19890
    Attention: Dorri Costello
     
  (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,
     
    CitiMortgage, Inc.
    4050 Regent Blvd.
    Irving, TX 75063
    Attention: CTS- Sequoia Mortgage Trust 2013-8
     
    with a copy to
     
    CitiMortgage, Inc.
    The Office of General Counsel
    1000 Technology Drive
    O’ Fallon, MO 63368

 

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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 WJ Bradley may be merged or consolidated shall, without the requirement for any further writing, be deemed Assignor, Depositor, Assignee or WJ Bradley, respectively, hereunder.

 

16.          This Agreement shall survive the conveyance of the Mortgage Loans, the assignment of the representations and warranties made by WJ Bradley 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. WJ Bradley 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 Wilmington Trust, National Association (“Wilmington 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 Assignee is made and intended not as a personal undertaking or agreement of or by Wilmington 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 Wilmington 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 Wilmington 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. WJ Bradley hereby acknowledges that the Assignee has appointed CitiMortgage, Inc. to act as master servicer 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 WJ Bradley hereunder and under the Purchase Agreement and the right to exercise the remedies of the Purchaser hereunder and under the Purchase Agreement.

 

WJ Bradley 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:

 

Citibank, N.A.  
Bank City/State: Glendale, CA
ABA Number: 321-171-184
Account Name: CMI MSD Clearing
Account Number: #070-4913896

 

21.          WJ Bradley acknowledges that the custodian will be Wells Fargo Bank, N.A. acting pursuant to the Custodial Agreement. Notwithstanding Section 10 of the Purchase Agreement, WJ Bradley 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. WJ Bradley 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 [email protected], with a subject reference of “SEMT 2013-8” 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 WJ Bradley in writing of any change in the identity or contact information of the Rule 17g-5 Information Provider. WJ Bradley 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 WJ Bradley, 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 WJ Bradley or (ii) such Rating Agency’s or NRSRO’s evaluation of WJ Bradley’s operations in general; provided, however, that WJ Bradley 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:    
       
  Wilmington Trust, National Association,  
   not in its individual capacity but solely as Trustee,  
 

Assignee

 

 
  By:    
  Name:    
  Title:    
       
  WJ BRADLEY MORTGAGE CAPITAL LLC  
       
  By:    
  Name:    
  Title:    

 

Accepted and agreed to by:

 

CITIMORTGAGE, INC.  
Master Servicer  
     
By:    
Name:    
Title:    

 

Signature Page – Assignment of Representations and Warranties – WJ Bradley (SEMT 2013-8)

 

 
 

  

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 Loan Group Loan Number Amortization Type Lien Position HELOC Indicator
1   Cenlar 0.0025     WJ Bradley   10000012337 1 1 0
2   Cenlar 0.0025     WJ Bradley   10000011984 1 1 0
3   Cenlar 0.0025     WJ Bradley   10000011928 1 1 0
4   Cenlar 0.0025     WJ Bradley   10000011833 1 1 0
5   Cenlar 0.0025     WJ Bradley   10000011753 1 1 0
6   Cenlar 0.0025     WJ Bradley   10000011744 1 1 0
7   Cenlar 0.0025     WJ Bradley   10000011671 1 1 0
8   Cenlar 0.0025     WJ Bradley   10000011669 1 1 0
9   Cenlar 0.0025     WJ Bradley   10000011631 1 1 0
10   Cenlar 0.0025     WJ Bradley   10000011399 1 1 0
11   Cenlar 0.0025     WJ Bradley   10000011395 1 1 0
12   Cenlar 0.0025     WJ Bradley   10000011260 1 1 0
13   Cenlar 0.0025     WJ Bradley   10000011257 1 1 0
14   Cenlar 0.0025     WJ Bradley   10000011232 1 1 0
15   Cenlar 0.0025     WJ Bradley   10000011161 1 1 0
16   Cenlar 0.0025     WJ Bradley   10000011131 1 1 0
17   Cenlar 0.0025     WJ Bradley   10000011129 1 1 0
18   Cenlar 0.0025     WJ Bradley   10000011109 1 1 0
19   Cenlar 0.0025     WJ Bradley   10000011083 1 1 0
20   Cenlar 0.0025     WJ Bradley   10000011067 1 1 0
21   Cenlar 0.0025     WJ Bradley   10000010888 1 1 0
22   Cenlar 0.0025     WJ Bradley   10000010886 1 1 0
23   Cenlar 0.0025     WJ Bradley   10000010585 1 1 0
24   Cenlar 0.0025     WJ Bradley   10000010523 1 1 0
25   Cenlar 0.0025     WJ Bradley   10000010518 1 1 0
26   Cenlar 0.0025     WJ Bradley   10000010516 1 1 0
27   Cenlar 0.0025     WJ Bradley   10000010450 1 1 0
28   Cenlar 0.0025     WJ Bradley   10000010288 1 1 0
29   Cenlar 0.0025     WJ Bradley   10000010239 1 1 0
30   Cenlar 0.0025     WJ Bradley   10000010157 1 1 0
31   Cenlar 0.0025     WJ Bradley   10000010046 1 1 0
32   Cenlar 0.0025     WJ Bradley   10000010026 1 1 0
33   Cenlar 0.0025     WJ Bradley   10000009734 1 1 0
34   Cenlar 0.0025     WJ Bradley   10000009371 1 1 0
35   Cenlar 0.0025     WJ Bradley   10000009088 1 1 0
36   Cenlar 0.0025     WJ Bradley   10000008107 1 1 0
37   Cenlar 0.0025     WJ Bradley   10000007936 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 9           1 0 0  
2 9           1 4 0  
3 7           1 4 0  
4 9           1 4 0  
5 7           1 0 0  
6 9           1 4 0  
7 7           1 0 0  
8 9           1 0 0  
9 7           1 4 0  
10 7           1 0 0  
11 9           1 0 0  
12 9           1 4 0  
13 6           1 0 0  
14 9           1 0 0  
15 7           1 0 0  
16 7           1 4 0  
17 9           1 0 0  
18 7           1 4 0  
19 7           1 4 0  
20 6           1 0 0  
21 7           1 4 0  
22 7           1 4 0  
23 9           1 0 0  
24 9           1 0 0  
25 9           1 0 0  
26 9           1 0 0  
27 9           1 4 0  
28 9           1 0 0  
29 9           1 4 0  
30 9           1 0 0  
31 7           1 0 0  
32 9           1 4 0  
33 3           1 0 0  
34 9           1 0 0  
35 9           1 0 0  
36 9           1 4 0  
37 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   4/16/2013 703800 0.03875 360 360 6/1/2013
2     0   4/9/2013 697000 0.04 360 360 6/1/2013
3     0   4/10/2013 708000 0.04 360 360 6/1/2013
4     150000   4/12/2013 654000 0.03875 360 360 6/1/2013
5     0   4/15/2013 792000 0.03875 360 360 6/1/2013
6     0   4/8/2013 1050000 0.03875 360 360 6/1/2013
7     0   4/12/2013 850000 0.03875 360 360 6/1/2013
8     0   4/9/2013 922000 0.04 360 360 6/1/2013
9     0   4/3/2013 688000 0.04 360 360 6/1/2013
10     0   4/10/2013 792000 0.04 360 360 6/1/2013
11     0   4/10/2013 739000 0.03875 360 360 6/1/2013
12     0   4/2/2013 881000 0.04125 360 360 6/1/2013
13     0   3/29/2013 860000 0.0375 360 360 5/1/2013
14     0   4/10/2013 697100 0.03875 360 360 6/1/2013
15     0   4/9/2013 676000 0.04375 360 360 6/1/2013
16     0   4/12/2013 720000 0.0375 360 360 6/1/2013
17     0   4/8/2013 700500 0.04125 360 360 6/1/2013
18     0   4/11/2013 997500 0.04 360 360 6/1/2013
19     0   4/15/2013 620000 0.04 360 360 6/1/2013
20     0   4/11/2013 1088625 0.0425 360 360 6/1/2013
21     0   3/25/2013 948000 0.0375 360 360 5/1/2013
22     0   4/11/2013 672000 0.03875 360 360 6/1/2013
23     0   3/25/2013 712100 0.03875 360 360 5/1/2013
24     0   4/2/2013 610000 0.03875 360 360 6/1/2013
25     0   4/3/2013 689500 0.04 360 360 6/1/2013
26     0   4/1/2013 681000 0.0375 360 360 6/1/2013
27     0   4/3/2013 775000 0.0375 360 360 6/1/2013
28     0   4/16/2013 998200 0.03875 360 360 6/1/2013
29     0   3/27/2013 673500 0.0375 360 360 5/1/2013
30     0   3/22/2013 510000 0.03625 360 360 5/1/2013
31     0   4/10/2013 720000 0.0375 360 360 6/1/2013
32     0   4/15/2013 621600 0.03875 360 360 6/1/2013
33     0   4/3/2013 590000 0.03875 360 360 6/1/2013
34     0   4/2/2013 672600 0.03875 360 360 6/1/2013
35     0   3/29/2013 1000000 0.03875 360 360 5/1/2013
36     0   4/10/2013 714000 0.035 360 360 6/1/2013
37     0   4/5/2013 715700 0.0375 360 360 6/1/2013

  

  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   702763.2 0.03875 3309.53 6/1/2013 0 0
2 1 0 0   695995.8 0.04 3327.58 6/1/2013 0 0
3 1 0 0   706979.9 0.04 3380.1 6/1/2013 0 0
4 1 0 0   653036.5 0.03875 3075.35 6/1/2013 0 0
5 1 0 0   790833.2 0.03875 3724.28 6/1/2013 0 0
6 1 0 0   1048453 0.03875 4937.49 6/1/2013 0 0
7 1 0 0   848747.8 0.03875 3997.02 6/1/2013 0 0
8 1 0 0   920671.6 0.04 4401.77 6/1/2013 0 0
9 1 0 0   687008.7 0.04 3284.62 6/1/2013 0 0
10 1 0 0   790858.9 0.04 3781.13 6/1/2013 0 0
11 1 0 0   737911.3 0.03875 3475.05 6/1/2013 0 0
12 1 0 0   879758.7 0.04125 4269.76 6/1/2013 0 0
13 1 0 0   857405.4 0.0375 3982.79 6/1/2013 0 0
14 1 0 0   696073 0.03875 3278.02 6/1/2013 0 0
15 1 0 0   675089.4 0.04375 3375.17 6/1/2013 0 0
16 1 0 0   718915.6 0.0375 3334.43 6/1/2013 0 0
17 1 0 0   699513 0.04125 3394.97 6/1/2013 0 0
18 1 0 0   996062.8 0.04 4762.22 6/1/2013 0 0
19 1 0 0   619039.3 0.04 2959.97 6/1/2013 0 0
20 1 0 0   1087125 0.0425 5355.38 6/1/2013 0 0
21 1 0 0   945139.9 0.0375 4390.34 6/1/2013 0 0
22 1 0 0   671010 0.03875 3159.99 6/1/2013 0 0
23 1 0 0   709998.5 0.03875 3348.56 6/1/2013 0 0
24 1 0 0   609101.3 0.03875 2868.45 6/1/2013 0 0
25 1 0 0   688506.6 0.04 3291.78 6/1/2013 0 0
26 1 0 0   679974.3 0.0375 3153.82 6/1/2013 0 0
27 1 0 0   773832.7 0.0375 3589.15 6/1/2013 0 0
28 1 0 0   996729.4 0.03875 4693.91 6/1/2013 0 0
29 1 0 0   671468.1 0.0375 3119.08 6/1/2013 0 0
30 1 0 0   508427.2 0.03625 2325.86 6/1/2013 0 0
31 1 0 0   718915.6 0.0375 3334.43 6/1/2013 0 0
32 1 0 0   620684.3 0.03875 2922.99 6/1/2013 0 0
33 1 0 0   589130.8 0.03875 2774.4 6/1/2013 0 0
34 1 0 0   671609.1 0.03875 3162.81 6/1/2013 0 0
35 1 0 0   997048.8 0.03875 4702.37 6/1/2013 0 0
36 1 0 0   712876.3 0.035 3206.18 6/1/2013 0 0
37 1 0 0   714622 0.0375 3314.52 6/1/2013 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)
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                    

 

  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
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                    

 

  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   383
2               0   524
3               0   78
4               0   465
5               0   102
6               0   400
7               0   460
8               0   578
9               0   598
10               0   15
11               0   374
12               0   518
13               0   565
14               0   533
15               0   587
16               0   83
17               0   486
18               0   331
19               0   155
20               0   479
21               0   292
22               0   605
23               0   536
24               0   550
25               0   424
26               0   379
27               0   268
28               0   468
29               0   535
30               0   420
31               0   378
32               0   545
33               0   462
34               0   540
35               0   546
36               0   398
37               0   473

 

  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   21 0.5 10 1    
2 1   1   6.25   10 1    
3 2   1   13   0 1    
4 1   0   3.25 13.5 11.75 1    
5 1   0   6 6 0 1    
6 1   0   3 4.75 1.5 1    
7 2   1   26   0 1    
8 2   1   20   11 1    
9 1   1   3.75 9.75 0 1    
10 1   0   0   0 1    
11 1   0   0 0 1 1    
12 2   0   8   1.75 1    
13 1   0   3.25 5 0 1    
14 1   0   7.75   19 1    
15 2   0   2.25 2.25 0 1    
16 2   0   10   0 1    
17 1   0   12   9 1    
18 2   1   13.25   0 1    
19 2   0   0 0.5 0 1    
20 1   0   8.25 6.25 0 1    
21 2   0   0   0 1    
22 2   0   8 1.25 0 1    
23 1   0   6 6 1.5 1    
24 3   0   19   1.833333333 1    
25 2   0   11.5   1.916666667 1    
26 3   0   0 23 19 1    
27 4   1   12   20 1    
28 2   1   36   10 1    
29 2   1   18 18 21 1    
30 1   0   15   11 1    
31 3   0   0.75 4 0 1    
32 2   0   18.75   2 1    
33 1   0   1 18 14 1    
34 1   1   21   1.5 1    
35 1   0   0   10.5 1    
36 1   0   8.5   6 1    
37 1   1   20.25   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           775        
2           778        
3           735        
4           774        
5           786        
6           776        
7           730        
8           721        
9           765        
10           778        
11           800        
12           777        
13           785        
14           789        
15           713        
16           734        
17           708        
18           732        
19           788        
20           715        
21           793        
22           723        
23           741        
24           722        
25           724        
26           793        
27           789        
28           747        
29           809        
30           807        
31           751        
32           801        
33           812        
34           814        
35           756        
36           787        
37           777        

  

  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    

 

  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 12187.52 5042.92 0 0 17230.44 17230.44 1 5   3
2 28329.87   0   28329.87 28329.87 1 5   3
3 11651.33 0 2799.56 0 11651.33 14450.89 1 4   3
4 4295 8205.5 0 0 12500.5 12500.5 1 5   3
5 6666.66 10601.07 0 0 17267.73 17267.73 1 5   3
6 5871.5 17201.6 0 0 23073.1 23073.1 1 5   3
7 14289.38 0 0 0 14289.38 14289.38 1 4   3
8 37924.2 0 0 0 37924.2 37924.2 1 5   3
9 15375.98 893.73 0 625.07 16269.71 16894.78 1 5   3
10 20500 0 0 0 20500 20500 1 5   3
11 10833.76 0 1336 0 10833.76 12169.76 1 5   3
12 14673 0 3708.33 0 14673 18381.33 1 5   3
13 10109.88 10000 0 0 20109.88 20109.88 1 5   3
14 15414.75   0   15414.75 15414.75 1 5   3
15 9350 13333.33 0 0 22683.33 22683.33 1 5   3
16 16666.69   27781.25   16666.69 44447.94 1 5   3
17 12070   7153.88   12070 19223.88 1 5   3
18 79242.58 0 0 0 79242.58 79242.58 1 5   3
19 8333 4909.67 0 0 13242.67 13242.67 1 5   3
20 18125 14768.4 4759.83 562.5 32893.4 38215.73 1 5   3
21 17916.69 0 0 0 17916.69 17916.69 1 5   3
22 11250 12500 4397.41 0 23750 28147.41 1 5   3
23 7286.93 8380.66 0 0 15667.59 15667.59 1 5   3
24 3530 0 23639.43 0 3530 27169.43 1 5   3
25 14340.67   4674.6   14340.67 19015.27 1 5   3
26 7091 6761.73 0 0 13852.73 13852.73 1 5   3
27 10788.33 0 0 0 10788.33 10788.33 1 5   3
28 21505.23   2554.8   21505.23 24060.03 1 5   3
29 10383.5 10510.16 0 0 20893.66 20893.66 1 5   3
30 13285.96   0   13285.96 13285.96 1 5   3
31 13110.31 0 5000 0 13110.31 18110.31 1 5   3
32 22078.17   0   22078.17 22078.17 1 5   3
33 12500 3813 0 0 16313 16313 1 5   3
34 15431.5   0   15431.5 15431.5 1 5   3
35 24436.41 0 0 0 24436.41 24436.41 1 5   3
36 13663.58   0   13663.58 13663.58 1 5   3
37 15084.99   5741.66   15084.99 20826.65 1 5   3

  

  111 112 113 114 115 116 117 118 119 120
  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
City
1   4   224704.65 4601.58 0.267061       REDONDO BEACH
2   4   117933.25 6106.59 0.215553       TRABUCO CANYON
3   4   226210.79 5532.75 0.382866     100 SAN DIEGO
4   4   75996.11 4873.38 0.389855       TRUCKEE
5   4   346768.06 6266.06 0.362877     100 SAN JOSE
6   4   358459.01 7608.15 0.329741       ENCINITAS
7   4   785246.73 5465.64 0.382497     100 NEWPORT BEACH
8   4   53824.36 10969.42 0.289246       DANVILLE
9   4   34371.32 5116.7 0.302857     100 SANTA ANA
10   4   36166.53 5184.76 0.252915     100 SAN JOSE
11   4   1076005.13 5172.11 0.424997       CARLSBAD
12   4   178434.05 7705.47 0.419201       CAMPBELL
13   4   166941.91 5327.65 0.264927     100 SAN CARLOS
14   4   70239.09 4398.32 0.285332       DANVILLE
15   4   205925.44 7377.8 0.325252     51.9242 MORGAN HILL
16   4   102894.7 9254.37 0.208207     47.1865 DENVER
17   4   55858.16 4926.66 0.256278       DANVILLE
18   4   725545.49 13677.9 0.172608     100 EAGLE
19   4   157177.51 3942.1 0.297682     100 DENVER
20   4   190241.84 10479.33 0.274215     100 COTO DE CAZA
21   4   73839.81 6494.14 0.362463     100 WALNUT CREEK
22   4   196354.64 7385.68 0.262393     100 LA GRANGE
23   4   38380.4 5546.11 0.353986       PLEASANTON
24   4   584626 11590.72 0.426609       ENCINITAS
25   4   220838.29 5711.56 0.300367       LA JOLLA
26   4   166874.11 3813.77 0.275308       CORONADO
27   4   165848.09 3188.13 0.295517       CORONADO
28   4   730871.77 8225.62 0.341879       NEWPORT BEACH
29   4   1909706.32 7387.02 0.353553       SAN DIEGO
30   4   267001.74 3567.75 0.268535       SAN JOSE
31   4   316837.05 6813.97 0.376248     100 HERMOSA BEACH
32   4   56764.31 4558.19 0.206457       DENVER
33   4   673709.42 3567.36 0.218682       SUNNYVALE
34   4   944109.88 4564.96 0.295821       CARLSBAD
35   4   1797657.98 10666.25 0.43649       HUNTINGTON BEACH
36   4   74887.51 4516.51 0.330551       PARK CITY
37   4   27744.77 5503.42 0.264249       LAGUNA BEACH

   

  121 122 123 124 125 126 127 128 129 130
  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
Original AVM
Confidence Score
1 CA 90277 1 1   1330000 3 4/6/2013    
2 CA 92679 7 1   965000 3 3/19/2013    
3 CA 92131 7 1 885000 890000 3 3/19/2013    
4 CA 96161 7 1   1010000 3 2/26/2013    
5 CA 95120 1 1 990000 990000 3 3/29/2013    
6 CA 92024 7 1   1535000 3 3/19/2013    
7 CA 92660 1 1 1455000 1221000 98 3/21/2013    
8 CA 94526 1 1   1204000 3 3/18/2013    
9 CA 92705 1 1 860000 860000 3 3/23/2013    
10 CA 95120 7 1 990000 995000 3 3/20/2013    
11 CA 92009 7 1   1265000 3 3/20/2013    
12 CA 95008 1 1   1125000 3 2/21/2013    
13 CA 94070 1 1 1075000 1075000 3 3/19/2013    
14 CA 94506 7 1   1366000 3 3/18/2013    
15 CA 95037 1 1 880000 880000 3 3/23/2013    
16 CO 80218 7 1 900000 925000 3 3/16/2013    
17 CA 94506 7 1   1300000 3 3/27/2013    
18 CO 81631 7 2 1330000 1330000 3 3/11/2013    
19 CO 80206 12 1 775000 775000 3 3/25/2013    
20 CA 92679 7 1 1451500 1452000 3 3/7/2013    
21 CA 94598 7 1 1185000 1185000 3 3/12/2013    
22 IL 60525 1 1 840000 840000 3 3/2/2013    
23 CA 94588 7 1   1100000 3 3/12/2013    
24 CA 92024 3 2   1000000 3 2/15/2013    
25 CA 92037 1 2   1350000 3 3/6/2013    
26 CA 92118 1 1   3100000 3 3/11/2013    
27 CA 92118 1 1   1550000 3 3/6/2013    
28 CA 92663 1 1   1925000 3 3/7/2013    
29 CA 92103 1 1   1400000 3 3/7/2013    
30 CA 95125 1 1   939000 3 3/5/2013    
31 CA 90254 1 1 1260000 1410000 3 2/28/2013    
32 CO 80218 1 1   777000 3 3/25/2013    
33 CA 94087 1 1   1015000 3 3/1/2013    
34 CA 92011 7 1   925000 3 2/15/2013    
35 CA 92649 7 1   2525000 3 2/1/2013    
36 UT 84098 7 1   1235000 3 3/22/2013    
37 CA 92651 1 1   2300000 98 2/1/2013    

 

  131 132 133 134 135 136 137 138 139 140
  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           0.5291 0.5291 0 0 0
2           0.7222 0.7222 0 0 0
3           0.8 0.8 0 0 0
4           0.796 0.6475 0 0 0
5           0.8 0.8 0 0 0
6           0.684 0.684 0 0 0
7           0.6961 0.6961 0 0 0
8           0.7657 0.7657 0 0 0
9           0.8 0.8 0 0 0
10           0.8 0.8 0 0 0
11           0.5841 0.5841 0 0 0
12           0.7831 0.7831 0 0 0
13           0.8 0.8 0 0 0
14           0.5103 0.5103 0 0 0
15           0.7681 0.7681 0 0 0
16           0.8 0.8 0 0 0
17           0.5388 0.5388 0 0 0
18           0.75 0.75 0 0 0
19           0.8 0.8 0 0 0
20           0.75 0.75 0 0 0
21           0.8 0.8 0 0 0
22           0.8 0.8 0 0 0
23           0.6473 0.6473 0 0 0
24           0.61 0.61 0 0 0
25           0.5107 0.5107 0 0 0
26           0.2196 0.2196 0 0 0
27           0.5 0.5 0 0 0
28           0.5185 0.5185 0 0 0
29           0.481 0.481 0 0 0
30           0.5431 0.5431 0 0 0
31           0.5714 0.5714 0 0 0
32           0.8 0.8 0 0 0
33           0.5812 0.5812 0 0 0
34           0.7271 0.7271 0 0 0
35           0.396 0.396 0 0 0
36           0.5781 0.5781 0 0 0
37           0.3111 0.3111 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
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                    

 

  151 152 153 154 155 156 157 158 159 160 161
  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 CoBrrw - Yrs at in Industry
1                   21 11
2                   30  
3                   15  
4                   23 18
5                   6 6
6                   17 23
7                   36  
8                   23  
9                   5 10
10                   15  
11                   21 0
12                   15  
13                   5 8
14                   27  
15                   2.25 2.25
16                   10  
17                   17  
18                   18.25  
19                   10 5
20                   14 13
21                   20  
22                   8 2
23                   6 6
24                   19  
25                   24  
26                   0 23
27                   20  
28                   36  
29                   18 18
30                   15  
31                   26 4
32                   19  
33                   25 18
34                   21  
35                   18  
36                   30  
37                   20.25  

 

  162 163 164 165 166 167 168 169 170 171 172
  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) Co-Borrower Wage Income (Bonus) Co-Borrower Wage Income (Commission) Originator Doc Code RWT Income Verification RWT Asset Verification
1 0 5/1/2043 12187.52 0 0 5042.92 0 0 Full Two Years Two Months
2 0 5/1/2043 28329.87 0 0 0 0 0 Full Two Years Two Months
3 0 5/1/2043 11651.33 0 0 0 0 0 Full Two Years Two Months
4 33000 5/1/2043 4295 0 0 8205.5 0 0 Full Two Years Two Months
5 0 5/1/2043 6666.66 0 0 10601.07 0 0 Full Two Years Two Months
6 0 5/1/2043 5871.5 0 0 17201.6 0 0 Full Two Years Two Months
7 0 5/1/2043 14289.38 0 0 0 0 0 Full Two Years Two Months
8 0 5/1/2043 37924.2 0 0 0 0 0 Full Two Years Two Months
9 0 5/1/2043 15375.98 0 0 893.73 0 0 Full Two Years Two Months
10 0 5/1/2043 20500 0 0 0 0 0 Full Two Years Two Months
11 0 5/1/2043 10833.76 0 0 0 0 0 Full Two Years Two Months
12 0 5/1/2043 14673 3708.33 0 0 0 0 Full Two Years Two Months
13 0 4/1/2043 10109.88 0 0 10000 0 0 Full Two Years Two Months
14 0 5/1/2043 15414.75 0 0 0 0 0 Full Two Years Two Months
15 0 5/1/2043 9350 0 0 13333.33 0 0 Full Two Years Two Months
16 0 5/1/2043 16666.69 0 27781.25 0 0 0 Full Two Years Two Months
17 0 5/1/2043 12070 0 7153.88 0 0 0 Full Two Years Two Months
18 0 5/1/2043 79242.58 0 0 0 0 0 Full Two Years Two Months
19 0 5/1/2043 8333 0 0 4909.67 0 0 Full Two Years Two Months
20 0 5/1/2043 18125 4759.83 0 14768.4 562.5 0 Full Two Years Two Months
21 0 4/1/2043 17916.69 0 0 0 0 0 Full Two Years Two Months
22 0 5/1/2043 11250 4397.41 0 12500 0 0 Full Two Years Two Months
23 0 4/1/2043 7286.93 0 0 8380.66 0 0 Full Two Years Two Months
24 0 5/1/2043 3530 536.9 18113.15 0 0 0 Full Two Years Two Months
25 0 5/1/2043 14340.67 4674.6 0 0 0 0 Full Two Years Two Months
26 0 5/1/2043 7091 0 0 6761.73 0 0 Full Two Years Two Months
27 0 5/1/2043 10788.33 0 0 0 0 0 Full Two Years Two Months
28 0 5/1/2043 21505.23 0 0 0 0 0 Full Two Years Two Months
29 0 4/1/2043 10383.5 0 0 10510.16 0 0 Full Two Years Two Months
30 0 4/1/2043 13285.96 0 0 0 0 0 Full Two Years Two Months
31 0 5/1/2043 13110.31 0 0 0 0 0 Full Two Years Two Months
32 0 5/1/2043 22078.17 0 0 0 0 0 Full Two Years Two Months
33 0 5/1/2043 12500 0 0 3813 0 0 Full Two Years Two Months
34 0 5/1/2043 15431.5 0 0 0 0 0 Full Two Years Two Months
35 0 4/1/2043 24436.41 0 0 0 0 0 Full Two Years Two Months
36 0 5/1/2043 13663.58 0 0 0 0 0 Full Two Years Two Months
37 0 5/1/2043 15084.99 0 0 0 0 0 Full Two Years Two Months

 

 
 

 

ATTACHMENT 2

 

PURCHASE AGREEMENT 

 

See Exhibit 10.11