IMPAC SECURED ASSETS CORP., Depositor, IMPAC FUNDING CORPORATION Master Servicer, and DEUTSCHE BANK NATIONAL TRUST COMPANY Trustee POOLING AND SERVICING AGREEMENT Dated as of March 1, 2007 Mortgage Pass-Through Certificates Series 2007-2

IMPAC SECURED ASSETS CORP.,

Depositor,

IMPAC FUNDING CORPORATION

Master Servicer,

and

DEUTSCHE BANK NATIONAL TRUST COMPANY

Trustee

POOLING AND SERVICING AGREEMENT

Dated as of March 1, 2007

________________________

Mortgage Pass-Through Certificates

Series 2007-2

TABLE OF CONTENTS

Page

ARTICLE I DEFINITIONS		26
Section 1.01.	Defined Terms.	26
Accrual Period		26
Adjustment Date		26
Advance		26
Affected Party		26
Affiliate		26
Aggregate Stated Principal Balance		26
Agreement		26
Allocated Realized Loss Amount		26
Assessment of Compliance		27
Assignment		27
Attestation Report		27
Available Distribution Amount		27
Bankruptcy Code		27
Basic Principal Distribution Amount		27
Book-Entry Certificate		27
Business Day		27
Cap Contracts		27
Cap Counterparties		28
Cash Liquidation		28
Certificate		28
Certificate Account		28
Certificate Account Deposit Date		28
Certificateholder		28
Certificate Guaranty Insurance Policy		28
Certificate Insurer		28
Certificate Margin		28
Certificate Owner		29
Certificate Principal Balance		29
Certificate Register		29
Class		30
Class 1-A Certificates		30
Class 1-A Principal Distribution Amount		30
Class 1-A1 Certificates		30
Class 1-C Distribution Amount		30
Class 1-IO Interest		30
Class 1-M Certificates		30
Class 2-A Principal Distribution Amount		30
Class 2-C Distribution Amount		30
Class 2-IO Interest		31

Class A Certificates		31
Class C Certificates		31
Class IO Interests		31
Class IO Distribution Amount		31
Class 1-M-4 Interest Reserve Fund Amount		31
Class 1-M-5 Interest Reserve Fund Amount		31
Class 1-M-6 Interest Reserve Fund Amount		31
Class 1-M-7 Interest Reserve Fund Amount		31
Class M Interest Reserve Fund		31
Class P Certificates		31
Class R Certificate		31
Class R-1 Interest		31
Class R-2 Interest		32
Class R-3 Interest		32
Class R-4 Interest		32
Closing Date		32
Code		32
Collateral Accounts		32
Collateral Value		32
Commission		32
Compensating Interest		32
Conduit Buster		32
Countrywide		32
Corporate Trust Office		32
Corresponding Certificate		32
Credit Enhancement Percentage		32
Credit Support Annex One		33
Credit Support Annex Two		33
Credit Support Annex Three		33
Credit Support Annex Four		33
Credit Support Annex Five		33
Cross Collateralized Loss Payments		33
Crossable Excess		33
Crossable Losses		33
Current Report		34
Curtailment		34
Custodial Account		34
Custodian		34
Cut-off Date		34
Cut-off Date Balance		34
Debt Service Coverage Ratio		34
Defaulted Mortgage Loan		34
Defaulting Party		34
Deficiency Amount		34
Deficient Valuation		35
Definitive Certificate		35

Deleted Mortgage Loan		35
Delinquent		35
Depositor		35
Depository		35
Depository Participant		35
Derivative Account		35
Determination Date		35
Disqualified Organization		35
Distribution Date		36
Distribution Report		36
Due Date		36
Due Period		36
Eligible Account		36
Estimated Swap Termination Payment		37
Event of Default		37
Excess Proceeds		37
Excess Servicing Strip		37
Exchange Act		37
Extra Principal Distribution Amount		37
Xxxxxx Xxx		37
FDIC		37
Final Scheduled Distribution Date		37
Xxxxxxx Mac		37
Gross Margin		37
Group 1 Cap Contracts		38
Group 1 Cap Counterparty		38
Group 1 Certificates		38
Group 1 Class IO Distribution Amount		38
Group 1 Collateral Account		38
Group 1 Credit Support Annexes		38
Group 1 Custodian		38
Group 1 Cut-off Date Balance		38
Group 1 Derivative Account		38
Group 1 Derivative Contract		38
Group 1 Derivative Termination Payment		38
Group 1 Estimated Swap Termination Payment		38
Group 1 Interest Rate Swap Agreement		38
Group 1 Loans		38
Group 1 Marker Rate		39
Group 1 Maximum Uncertificated Accrued Interest Deferral Amount		39
Group 1 Net Mortgage Rate		39
Group 1 Net Swap Payment		40
Group 1 Net WAC Rate		40
Group 1 Net WAC Shortfall Reserve Fund		40
Group 1 Net WAC Shortfall Reserve Fund Deposit		40
Group 1 Optional Termination		40

Group 1 Overcollateralization Deficiency Amount		41
Group 1 Overcollateralization Floor		41
Group 1 Overcollateralization Release Amount		41
Group 1 Overcollateralization Target Amount		41
Group 1 Overcollateralized Amount		41
Group 1 Schedule		41
Group 1 Stepdown Date		41
Group 1 Step-Up Date		42
Group 1 Subordinate Class Principal Distribution Amount		42
Group 1 Supplemental Interest Trust		42
Group 1 Supplemental Interest Trust Trustee		42
Group 1 Swap Optional Termination Payment		42
Group 1 Swap Provider		42
Group 1 Trigger Event		43
Group 2 Cap Contract		43
Group 2 Cap Counterparty		43
Group 2 Class IO Distribution Amount		43
Group 2 Collateral Account		43
Group 2 Credit Support Annexes		43
Group 2 Custodian		44
Group 2 Cut-off Date Balance		44
Group 2 Derivative Account		44
Group 2 Derivative Contract		44
Group 2 Derivative Termination Payment		44
Group 2 Estimated Swap Termination Payment		44
Group 2 Marker Rate		44
Group 2 Maximum Uncertificated Accrued Interest Deferral Amount		44
Group 2 Interest Rate Swap Agreement		45
Group 2 Loans		45
Group 2 Net Mortgage Rate		45
Group 2 Net Swap Payment		45
Group 2 Net WAC Rate		45
Group 2 Net WAC Shortfall Reserve Fund		45
Group 2 Net WAC Shortfall Reserve Fund Deposit		46
Group 2 Optional Termination		46
Group 2 Overcollateralization Deficiency Amount		46
Group 2 Overcollateralization Floor		46
Group 2 Overcollateralization Release Amount		46
Group 2 Overcollateralization Target Amount		46
Group 2 Overcollateralized Amount		46
Group 2 Schedule		46
Group 2 Stepdown Date		46
Group 2 Step-Up Date		47
Group 2 Supplemental Interest Trust		47
Group 2 Supplemental Interest Trust Trustee		47
Group 2 Swap Optional Termination Payment		47

Group 2 Swap Provider		47
Group 2 Trigger Event		47
Index		48
Initial Certificate Principal Balance		48
Initial Notional Amount		48
Insurance Account		48
Insurance Agreement		48
Insurance Policy		48
Insurance Proceeds		48
Insured Amounts		48
Insurer Default		48
Interest Rate Swap Agreement		48
Interest Remittance Amount		49
Interest Reserve Fund		49
Late Collections		49
LIBOR		49
LIBOR Business Day		49
LIBOR Rate Adjustment Date		49
Liquidated Mortgage Loan		49
Liquidation Proceeds		49
Loan-to-Value Ratio		49
Loan Group		49
Loan Group 1		49
Loan Group 2		49
Lost Note Affidavit		50
Majority Class C Certificateholder		50
Master Servicer		50
Master Servicer Prepayment Charge Payment Amount		50
Master Servicing Fees		50
Master Servicing Fee Rate		50
MERS		50
MERS® System		50
Midland		50
MIN		50
MOM Loan		50
Monthly Interest Distributable Amount		50
Monthly Payment		51
Xxxxx'x		51
Mortgage		51
Mortgage File		51
Mortgage Loan		51
Mortgage Loan Purchase Agreement		51
Mortgage Loan Schedule		51
Mortgage Note		52
Mortgage Rate		53
Mortgaged Property		53

Mortgagor		53
Net Liquidation Proceeds		53
Net Monthly Excess Cashflow		53
Net Mortgage Rate		53
Net Prepayment Interest Shortfall		53
Net Swap Payment		53
Net WAC Rate		53
Net WAC Shortfall Amount		53
Net WAC Shortfall Reserve Fund		53
Nonrecoverable Advance		54
Non-United States Person		54
Notional Balance		54
Officers’ Certificate		54
Offered Certificates		54
One Month LIBOR		54
Opinion of Counsel		54
Optional Termination		54
Optional Termination Date		54
Outstanding Mortgage Loan		55
Overcollateralization Deficiency Xxxxxx		00
Xxxxxxxxxxxxxxxxxxxxx Xxxxx		55
Overcollateralization Release Amount		55
Overcollateralization Target Amount		55
Overcollateralized Amount		55
Ownership Interest		55
Pass-Through Rate		55
Percentage Interest		56
Permitted Investment		56
Permitted Transferee		57
Person		57
PMI Insurer		57
PMI Insurer Policy		57
PMI Mortgage Loan		57
PMI Insurer Fee Rate		58
Policy Premium		58
Policy Premium Rate		58
Preference Amount		58
Prepayment Assumption		58
Prepayment Charge		58
Prepayment Interest Excess		58
Prepayment Interest Shortfall		58
Prepayment Period		58
Primary Hazard Insurance Policy		58
Primary Insurance Policy		58
Principal Distribution Amount		59
Principal Prepayment		59

Principal Prepayment in Full		59
Principal Remittance Amount		59
Prospectus Supplement		59
Purchase Price		59
Qualified Insurer		60
Qualified Substitute Mortgage Loan		60
Rating Agency		60
Realized Loss		60
Record Date		61
Regular Certificate		61
Regulation AB		61
Relief Act		61
Relief Act Interest Shortfall		61
REMIC		61
REMIC 1		61
REMIC 1 Regular Interest		62
REMIC 2		62
REMIC 2 Regular Interest		62
REMIC 3		63
REMIC 3 Group 1 Interest Loss Allocation Amount		63
REMIC 3 Group 1 Overcollateralized Amount		63
REMIC 3 Group 1 Principal Loss Allocation Amount		63
REMIC 3 Group 1 Overcollateralization Target Amount		63
REMIC 3 Group 1 Regular Interest		63
REMIC 3 Group 2 Interest Loss Allocation Amount		63
REMIC 3 Group 2 Overcollateralized Amount		64
REMIC 3 Group 2 Principal Loss Allocation Amount		64
REMIC 3 Group 2 Overcollateralization Target Amount		64
REMIC 3 Group 2 Regular Interest		64
REMIC 3 Regular Interest		64
REMIC 4		64
REMIC 4 Regular Interest		64
REMIC Provisions		64
REMIC Regular Interest		64
Remittance Report		65
REO Acquisition		65
REO Disposition		65
REO Imputed Interest		65
REO Proceeds		65
REO Property		65
Request for Release		65
Residual Certificate		65
Residual Interest		65
Responsible Officer		65
Servicing Account		65
Servicing Advances		66

Servicing Criteria		66
Servicing Guide		66
Servicing Officer		66
Single Certificate		66
Specially Serviced Group 2 Loan		66
Sponsor		66
Standard & Poor's		66
Startup Day		66
Stated Principal Balance		66
Step-Up Date		67
Stepdown Date		67
Stepdown Target Subordination Percentage		67
Subordinate Certificates		67
Subsequent Recoveries		67
Sub-Servicer		68
Sub-Servicer Remittance Date		68
Sub-Servicing Account		68
Sub-Servicing Agreement		68
Sub-Servicing Fees		68
Sub-Servicing Fee Rate		68
Substitution Adjustment		68
Supplemental Interest Trust		68
Supplemental Interest Trust Trustee		68
Swap LIBOR		68
Swap Optional Termination Payment		68
Swap Provider		68
Swap Provider Trigger Event		68
Swap Termination Payment		69
Tax Matters Person		69
Tax Returns		69
Transfer		69
Transferor		69
Trust Fund		69
Trustee		69
Uncertificated Accrued Interest		69
Uncertificated Notional Balance		69
Uncertificated Pass-Through Rate		73
Uncertificated Principal Balance		73
Uncertificated REMIC 1 Pass-Through Rate		73
Uncertificated REMIC 2 Pass-Through Rate		74
Uncertificated REMIC 3 Pass-Through Rate		00
Xxxxxxxxx Xxxxx		00
Xxxxxx Xxxxxx Person		83
Unpaid Interest Shortfall Amount		83
Voting Rights		84
Section 1.02.	Determination of LIBOR.	84

Section 1.03.	Allocation of Certain Interest Shortfalls.	85

ARTICLE II CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES		87
Section 2.01.	Conveyance of Mortgage Loans.	87
Section 2.02.	Acceptance of the Trust Fund by the Trustee.	91
Section 2.03.	Representations, Warranties and Covenants of the Master Servicer and the Depositor.	92
Section 2.04.	Representations and Warranties of the Sponsor.	94
Section 2.05.	Issuance of Certificates; Conveyance of REMIC 1 Regular Interests, Class C Interest, Class P Interest and Acceptance of REMIC 2, REMIC 3 and REMIC 4 by the Trustee.	96
Section 2.06.	Purposes and Powers of the Trust.	97

ARTICLE III ADMINISTRATION AND SERVICING OF THE TRUST FUND		99
Section 3.01.	Master Servicer to Act as Master Servicer.	99
Section 3.02.	Sub-Servicing Agreements Between Master Servicer and Sub-Servicers.	101
Section 3.03.	Successor Sub-Servicers.	102
Section 3.04.	Liability of the Master Servicer.	102
Section 3.05.	No Contractual Relationship Between Sub-Servicers and Trustee or Certificateholders.	102
Section 3.06.	Assumption or Termination of Sub-Servicing Agreements by Trustee.	103
Section 3.07.	Collection of Certain Mortgage Loan Payments.	103
Section 3.08.	Sub-Servicing Accounts.	104
Section 3.09.	Collection of Taxes, Assessments and Similar Items; Servicing Accounts.	105
Section 3.10.	Custodial Account.	105
Section 3.11.	Permitted Withdrawals From the Custodial Account.	106
Section 3.12.	Permitted Investments.	107
Section 3.13.	Maintenance of Primary Hazard Insurance.	108
Section 3.14.	Enforcement of Due-on-Sale Clauses; Assumption Agreements.	110
Section 3.15.	Realization Upon Defaulted Mortgage Loans.	111
Section 3.16.	Trustee to Cooperate; Release of Mortgage Files.	112
Section 3.17.	Servicing Compensation.	114
Section 3.18.	Maintenance of Certain Servicing Policies.	114
Section 3.19.	Annual Statement as to Compliance.	115
Section 3.20.	Assessments of Compliance and Attestation Reports.	115
Section 3.21.	Access to Certain Documentation.	117
Section 3.22.	Title, Conservation and Disposition of REO Property.	117
Section 3.23.	Additional Obligations of the Master Servicer.	119
Section 3.24.	Additional Obligations of the Depositor.	119
Section 3.25.	Exchange Act Reporting.	120

Section 3.26.	Intention of the Parties and Interpretation.	123
Section 3.27.	Optional Purchase of Certain Mortgage Loans.	124

ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS		125
Section 4.01.	Distributions.	125
Section 4.02.	Statements to Certificateholders.	135
Section 4.03.	Remittance Reports; Advances by the Master Servicer.	138
Section 4.04.	Distributions on the REMIC Regular Interests.	140
Section 4.05.	Allocation of Realized Losses.	144
Section 4.06.	Information Reports to Be Filed by the Master Servicer.	147
Section 4.07.	Compliance with Withholding Requirements.	148
Section 4.08.	Group 1 Net WAC Shortfall Reserve Fund.	148
Section 4.09.	Group 2 Net WAC Shortfall Reserve Fund.	149
Section 4.10.	Group 1 Supplemental Interest Trust.	150
Section 4.11.	Group 2 Supplemental Interest Trust.	153
Section 4.12.	Tax Treatment of Class IO Distribution Amounts in the Event of Resecuritization of Class 1-A, Class 2-A, Class 1-M or Class 1-B Certificates.	156
Section 4.13.	The Certificate Guaranty Insurance Policy	157
Section 4.14.	Collateral Accounts	159
Section 4.15.	Class M Interest Reserve Fund.	161

ARTICLE V THE CERTIFICATES		163
Section 5.01.	The Certificates.	163
Section 5.02.	Registration of Transfer and Exchange of Certificates.	164
Section 5.03.	Mutilated, Destroyed, Lost or Stolen Certificates.	170
Section 5.04.	Persons Deemed Owners.	170
Section 5.05.	Rule 144A Information.	171

ARTICLE VI THE Depositor AND THE MASTER SERVICER		172
Section 6.01.	Liability of the Depositor and the Master Servicer.	172
Section 6.02.	Merger, Consolidation or Conversion of the Depositor or the Master Servicer.	172
Section 6.03.	Limitation on Liability of the Depositor, the Master Servicer and Others.	172
Section 6.04.	Limitation on Resignation of the Master Servicer.	173
Section 6.05.	Sale and Assignment of Master Servicing.	174

ARTICLE VII DEFAULT		175
Section 7.01.	Events of Default.	175

Section 7.02.	Trustee to Act; Appointment of Successor.	177
Section 7.03.	Notification to Certificateholders.	178
Section 7.04.	Waiver of Events of Default.	178
Section 7.05.	List of Certificateholders.	179

ARTICLE VIII CONCERNING THE TRUSTEE		180
Section 8.01.	Duties of Trustee.	180
Section 8.02.	Certain Matters Affecting the Trustee.	181
Section 8.03.	Trustee Not Liable for Certificates or Mortgage Loans.	183
Section 8.04.	Trustee May Own Certificates.	183
Section 8.05.	Trustee’s Fees.	183
Section 8.06.	Eligibility Requirements for Trustee.	184
Section 8.07.	Resignation and Removal of the Trustee.	184
Section 8.08.	Successor Trustee.	185
Section 8.09.	Merger or Consolidation of Trustee.	186
Section 8.10.	Appointment of Co-Trustee or Separate Trustee.	186

ARTICLE IX TERMINATION		188
Section 9.01.	Termination Upon Repurchase or Liquidation of All Mortgage Loans or upon Purchase of Certificates.	188
Section 9.02.	Termination of REMIC 4 and Retirement of Class R Certificates.	195
Section 9.03.	Additional Termination Requirements.	195

ARTICLE X REMIC PROVISIONS		197
Section 10.01.	REMIC Administration.	197
Section 10.02.	Prohibited Transactions and Activities.	200
Section 10.03.	Master Servicer and Trustee Indemnification.	200

ARTICLE XI MISCELLANEOUS PROVISIONS		201
Section 11.01.	Amendment.	201
Section 11.02.	Recordation of Agreement; Counterparts.	202
Section 11.03.	Limitation on Rights of Certificateholders.	203
Section 11.04.	Governing Law.	204
Section 11.05.	Notices.	204
Section 11.06.	Severability of Provisions.	204
Section 11.07.	Successors and Assigns.	204
Section 11.08.	Article and Section Headings.	205
Section 11.09.	Notice to Rating Agencies.	205
Section 11.10.	Rights of the Certificate Insurer.	205
Section 11.11.	Control by the Certificate Insurer.	206
Section 11.12.	Third Party Rights.	207

Signatures

Acknowledgments

Exhibit A

Form of Class A Certificate

Exhibit B-1

Form of Class [M][B] Certificate

Exhibit B-2

Form of Class C Certificate

Exhibit B-3

Form of Class P Certificate

Exhibit B-4

Form of Class R Certificate

Exhibit C

Form of Custodian Initial Certification

Exhibit D

Form of Custodian Final Certification

Exhibit E

Form of Remittance Report

Exhibit F-1

Request for Release

Exhibit F-2

Request for Release for Mortgage Loans Paid in Full

Exhibit G-1

Form of Investor Representation Letter

Exhibit G-2

Form of Transferor Representation Letter

Exhibit G-3

Form of Rule 144A Investment Representation

Exhibit G-4

Transferor Certificate for Transfers of Residual Certificates

Exhibit G-5

Transfer Affidavit and Agreement for Transfers of Residual Certificates

Exhibit H

Mortgage Loan Schedule

Exhibit I

Sponsor Representations and Warranties

Exhibit J

Form of Notice Under Section 3.24

Exhibit K

Impac Funding Corporation Servicing Guide

Exhibit L-1

Form 10-K Certification

Exhibit L-2

Form 10-K Back-up Certification (Master Servicer)

Exhibit L-3

Form 10-K Back-up Certification (Trustee)

Exhibit L-4

Form of Back-up Certification to Form 10-K Certificate

Exhibit M-1

Form of Interest Rate Swap Agreement

Exhibit M-2

Form of Cap Contract

Exhibit N

Servicing Criteria to be Addressed in Assessment of Compliance

Exhibit O

Form 10-D, Form 8-K and Form 10-K Reporting Responsibility

Exhibit P

Additional Disclosure Notification

Exhibit Q

Form of Countrywide Servicing Agreement

Exhibit R

Form of Midland Servicing Agreement

This Pooling and Servicing Agreement, dated and effective as of March 1, 2007, is entered into among Impac Secured Assets Corp., as depositor (the “Depositor”), Impac Funding Corporation, as master servicer (the “Master Servicer”), and Deutsche Bank National Trust Company, as trustee (the “Trustee”).

PRELIMINARY STATEMENT:

The Depositor intends to sell pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in the Trust Fund created hereunder. The Certificates will consist of nineteen classes of certificates, designated as (i) the Class 1-A1-A Certificates, (ii) the Class 1-A1-B Certificates, (iii) the Class 1-A1-C Certificates, (iv) the Class 1-AM Certificates, (v) the Class 2-A Certificates, (vi) the Class 1-M-1 Certificates, (vii) the Class 1-M-2 Certificates, (viii) the Class 1-M-3 Certificates, (ix) the Class 1-M-4 Certificates, (x) the Class 1-M-5 Certificates, (xi) the Class 1-M-6 Certificates, (xii) the Class 1-M-7 Certificates, (xiii) the Class 1-M-8 Certificates, (xiv) the Class 1-B Certificates, (xv) the Class 1-C Certificates, (xvi) the Class 2-C Certificates, (xvii) the Class 1-P Certificates, (xviii) the Class 2-P Certificates, and (xix) the Class R Certificates.

REMIC 1

As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of Loan Group 1 and certain other related assets (other than the Group 1 Net WAC Shortfall Reserve Fund, any related Master Servicer Prepayment Charge Payment Amounts, the Class M Interest Reserve Fund and, for the avoidance of doubt, the Group 1 Supplemental Interest Trust, the Group 1 Derivative Account, the Group 1 Interest Rate Swap Agreement, the Group 1 Cap Contracts and the Group 1 Collateral Account) subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC 1.” The Class R-1 Interest will be the sole class of Residual Interests in REMIC 1 for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC 1 Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC 1 Regular Interests (as defined herein). None of the REMIC 1 Regular Interests will be certificated.

Designation	Uncertificated REMIC 1 Pass-Through Rate	Initial Uncertificated Principal Balance	Latest Possible Maturity Date ⁽¹⁾
1-1-A	Variable⁽²⁾	$ 2,931,419.42	April 2037
1-1-B	Variable⁽²⁾	$ 2,931,419.42	April 2037
1-2-A	Variable⁽²⁾	$ 4,621,932.41	April 2037
1-2-B	Variable⁽²⁾	$ 4,621,932.41	April 2037
1-3-A	Variable⁽²⁾	$ 6,337,754.04	April 2037
1-3-B	Variable⁽²⁾	$ 6,337,754.04	April 2037
1-4-A	Variable⁽²⁾	$ 8,063,405.38	April 2037
1-4-B	Variable⁽²⁾	$ 8,063,405.38	April 2037
1-5-A	Variable⁽²⁾	$ 9,783,088.61	April 2037
1-5-B	Variable⁽²⁾	$ 9,783,088.61	April 2037
1-6-A	Variable⁽²⁾	$ 11,478,869.78	April 2037
1-6-B	Variable⁽²⁾	$ 11,478,869.78	April 2037
1-7-A	Variable⁽²⁾	$ 13,129,670.82	April 2037
1-7-B	Variable⁽²⁾	$ 13,129,670.82	April 2037
1-8-A	Variable⁽²⁾	$ 14,705,652.64	April 2037
1-8-B	Variable⁽²⁾	$ 14,705,652.64	April 2037
1-9-A	Variable⁽²⁾	$ 16,174,523.40	April 2037
1-9-B	Variable⁽²⁾	$ 16,174,523.40	April 2037
1-10-A	Variable⁽²⁾	$ 16,984,631.84	April 2037

Designation	Uncertificated REMIC 1 Pass-Through Rate	Initial Uncertificated Principal Balance	Latest Possible Maturity Date ⁽¹⁾
1-10-B	Variable⁽²⁾	$ 16,984,631.84	April 2037
1-11-A	Variable⁽²⁾	$ 17,620,405.11	April 2037
1-11-B	Variable⁽²⁾	$ 17,620,405.11	April 2037
1-12-A	Variable⁽²⁾	$ 16,913,729.48	April 2037
1-12-B	Variable⁽²⁾	$ 16,913,729.48	April 2037
1-13-A	Variable⁽²⁾	$ 16,097,844.69	April 2037
1-13-B	Variable⁽²⁾	$ 16,097,844.69	April 2037
1-14-A	Variable⁽²⁾	$ 15,321,069.99	April 2037
1-14-B	Variable⁽²⁾	$ 15,321,069.99	April 2037
1-15-A	Variable⁽²⁾	$ 14,581,621.12	April 2037
1-15-B	Variable⁽²⁾	$ 14,581,621.12	April 2037
1-16-A	Variable⁽²⁾	$ 13,877,654.00	April 2037
1-16-B	Variable⁽²⁾	$ 13,877,654.00	April 2037
1-17-A	Variable⁽²⁾	$ 13,207,540.26	April 2037
1-17-B	Variable⁽²⁾	$ 13,207,540.26	April 2037
1-18-A	Variable⁽²⁾	$ 12,569,528.09	April 2037
1-18-B	Variable⁽²⁾	$ 12,569,528.09	April 2037
1-19-A	Variable⁽²⁾	$ 11,962,078.26	April 2037
1-19-B	Variable⁽²⁾	$ 11,962,078.26	April 2037
1-20-A	Variable⁽²⁾	$ 11,383,932.77	April 2037
1-20-B	Variable⁽²⁾	$ 11,383,932.77	April 2037
1-21-A	Variable⁽²⁾	$ 10,833,541.27	April 2037
1-21-B	Variable⁽²⁾	$ 10,833,541.27	April 2037
1-22-A	Variable⁽²⁾	$ 10,414,046.83	April 2037
1-22-B	Variable⁽²⁾	$ 10,414,046.83	April 2037
1-23-A	Variable⁽²⁾	$ 9,939,742.17	April 2037
1-23-B	Variable⁽²⁾	$ 9,939,742.17	April 2037
1-24-A	Variable⁽²⁾	$ 9,568,996.17	April 2037
1-24-B	Variable⁽²⁾	$ 9,568,996.17	April 2037
1-25-A	Variable⁽²⁾	$ 9,113,087.46	April 2037
1-25-B	Variable⁽²⁾	$ 9,113,087.46	April 2037
1-26-A	Variable⁽²⁾	$ 8,615,713.02	April 2037
1-26-B	Variable⁽²⁾	$ 8,615,713.02	April 2037
1-27-A	Variable⁽²⁾	$ 8,154,715.17	April 2037
1-27-B	Variable⁽²⁾	$ 8,154,715.17	April 2037
1-28-A	Variable⁽²⁾	$ 7,725,476.59	April 2037
1-28-B	Variable⁽²⁾	$ 7,725,476.59	April 2037
1-29-A	Variable⁽²⁾	$ 7,317,146.46	April 2037
1-29-B	Variable⁽²⁾	$ 7,317,146.46	April 2037
1-30-A	Variable⁽²⁾	$ 6,936,364.39	April 2037
1-30-B	Variable⁽²⁾	$ 6,936,364.39	April 2037
1-31-A	Variable⁽²⁾	$ 6,573,433.08	April 2037
1-31-B	Variable⁽²⁾	$ 6,573,433.08	April 2037

Designation	Uncertificated REMIC 1 Pass-Through Rate	Initial Uncertificated Principal Balance	Latest Possible Maturity Date ⁽¹⁾
1-32-A	Variable⁽²⁾	$ 5,825,497.26	April 2037
1-32-B	Variable⁽²⁾	$ 5,825,497.26	April 2037
1-33-A	Variable⁽²⁾	$ 28,999,427.46	April 2037
1-33-B	Variable⁽²⁾	$ 28,999,427.46	April 2037
1-34-A	Variable⁽²⁾	$ 2,622,851.95	April 2037
1-34-B	Variable⁽²⁾	$ 2,622,851.95	April 2037
1-35-A	Variable⁽²⁾	$ 2,543,227.25	April 2037
1-35-B	Variable⁽²⁾	$ 2,543,227.25	April 2037
1-36-A	Variable⁽²⁾	$ 2,466,052.47	April 2037
1-36-B	Variable⁽²⁾	$ 2,466,052.47	April 2037
1-37-A	Variable⁽²⁾	$ 2,391,096.10	April 2037
1-37-B	Variable⁽²⁾	$ 2,391,096.10	April 2037
1-38-A	Variable⁽²⁾	$ 2,318,491.71	April 2037
1-38-B	Variable⁽²⁾	$ 2,318,491.71	April 2037
1-39-A	Variable⁽²⁾	$ 2,248,072.88	April 2037
1-39-B	Variable⁽²⁾	$ 2,248,072.88	April 2037
1-40-A	Variable⁽²⁾	$ 2,179,733.24	April 2037
1-40-B	Variable⁽²⁾	$ 2,179,733.24	April 2037
1-41-A	Variable⁽²⁾	$ 2,113,511.46	April 2037
1-41-B	Variable⁽²⁾	$ 2,113,511.46	April 2037
1-42-A	Variable⁽²⁾	$ 2,049,236.26	April 2037
1-42-B	Variable⁽²⁾	$ 2,049,236.26	April 2037
1-43-A	Variable⁽²⁾	$ 1,986,991.39	April 2037
1-43-B	Variable⁽²⁾	$ 1,986,991.39	April 2037
1-44-A	Variable⁽²⁾	$ 1,926,505.63	April 2037
1-44-B	Variable⁽²⁾	$ 1,926,505.63	April 2037
1-45-A	Variable⁽²⁾	$ 1,867,912.82	April 2037
1-45-B	Variable⁽²⁾	$ 1,867,912.82	April 2037
1-46-A	Variable⁽²⁾	$ 1,811,076.81	April 2037
1-46-B	Variable⁽²⁾	$ 1,811,076.81	April 2037
1-47-A	Variable⁽²⁾	$ 1,755,926.50	April 2037
1-47-B	Variable⁽²⁾	$ 1,755,926.50	April 2037
1-48-A	Variable⁽²⁾	$ 1,702,460.80	April 2037
1-48-B	Variable⁽²⁾	$ 1,702,460.80	April 2037
1-49-A	Variable⁽²⁾	$ 1,650,623.69	April 2037
1-49-B	Variable⁽²⁾	$ 1,650,623.69	April 2037
1-50-A	Variable⁽²⁾	$ 1,600,404.15	April 2037
1-50-B	Variable⁽²⁾	$ 1,600,404.15	April 2037
1-51-A	Variable⁽²⁾	$ 1,551,666.21	April 2037
1-51-B	Variable⁽²⁾	$ 1,551,666.21	April 2037
1-52-A	Variable⁽²⁾	$ 1,504,378.90	April 2037
1-52-B	Variable⁽²⁾	$ 1,504,378.90	April 2037
1-53-A	Variable⁽²⁾	$ 1,458,536.32	April 2037

Designation	Uncertificated REMIC 1 Pass-Through Rate	Initial Uncertificated Principal Balance	Latest Possible Maturity Date ⁽¹⁾
1-53-B	Variable⁽²⁾	$ 1,458,536.32	April 2037
1-54-A	Variable⁽²⁾	$ 6,961,937.56	April 2037
1-54-B	Variable⁽²⁾	$ 6,961,937.56	April 2037
1-55-A	Variable⁽²⁾	$ 18,768,396.77	April 2037
1-55-B	Variable⁽²⁾	$ 18,768,396.77	April 2037
1-56-A	Variable⁽²⁾	$ 11,718,208.09	April 2037
1-56-B	Variable⁽²⁾	$ 11,718,208.09	April 2037
1-57-A	Variable⁽²⁾	$ 7,658,925.71	April 2037
1-57-B	Variable⁽²⁾	$ 7,658,925.71	April 2037
1-58-A	Variable⁽²⁾	$ 25,948.84	April 2037
1-58-B	Variable⁽²⁾	$ 25,948.84	April 2037
1-59-A	Variable⁽²⁾	$ 25,156.72	April 2037
1-59-B	Variable⁽²⁾	$ 25,156.72	April 2037
1-60-A	Variable⁽²⁾	$ 24,388.60	April 2037
1-60-B	Variable⁽²⁾	$ 24,388.60	April 2037
1-61-A	Variable⁽²⁾	$ 23,643.74	April 2037
1-61-B	Variable⁽²⁾	$ 23,643.74	April 2037
1-62-A	Variable⁽²⁾	$ 22,921.47	April 2037
1-62-B	Variable⁽²⁾	$ 22,921.47	April 2037
1-63-A	Variable⁽²⁾	$ 22,221.08	April 2037
1-63-B	Variable⁽²⁾	$ 22,221.08	April 2037
1-64-A	Variable⁽²⁾	$ 21,541.93	April 2037
1-64-B	Variable⁽²⁾	$ 21,541.93	April 2037
1-65-A	Variable⁽²⁾	$ 20,883.38	April 2037
1-65-B	Variable⁽²⁾	$ 20,883.38	April 2037
1-66-A	Variable⁽²⁾	$ 20,244.80	April 2037
1-66-B	Variable⁽²⁾	$ 20,244.80	April 2037
1-67-A	Variable⁽²⁾	$ 19,625.58	April 2037
1-67-B	Variable⁽²⁾	$ 19,625.58	April 2037
1-68-A	Variable⁽²⁾	$ 19,025.17	April 2037
1-68-B	Variable⁽²⁾	$ 19,025.17	April 2037
1-69-A	Variable⁽²⁾	$ 18,442.96	April 2037
1-69-B	Variable⁽²⁾	$ 18,442.96	April 2037
1-70-A	Variable⁽²⁾	$ 17,878.43	April 2037
1-70-B	Variable⁽²⁾	$ 17,878.43	April 2037
1-71-A	Variable⁽²⁾	$ 17,331.05	April 2037
1-71-B	Variable⁽²⁾	$ 17,331.05	April 2037
1-72-A	Variable⁽²⁾	$ 16,800.28	April 2037
1-72-B	Variable⁽²⁾	$ 16,800.28	April 2037
1-73-A	Variable⁽²⁾	$ 16,285.64	April 2037
1-73-B	Variable⁽²⁾	$ 16,285.64	April 2037
1-74-A	Variable⁽²⁾	$ 15,786.62	April 2037
1-74-B	Variable⁽²⁾	$ 15,786.62	April 2037

Designation	Uncertificated REMIC 1 Pass-Through Rate	Initial Uncertificated Principal Balance	Latest Possible Maturity Date ⁽¹⁾
1-75-A	Variable⁽²⁾	$ 15,302.77	April 2037
1-75-B	Variable⁽²⁾	$ 15,302.77	April 2037
1-76-A	Variable⁽²⁾	$ 14,833.63	April 2037
1-76-B	Variable⁽²⁾	$ 14,833.63	April 2037
1-77-A	Variable⁽²⁾	$ 14,378.74	April 2037
1-77-B	Variable⁽²⁾	$ 14,378.74	April 2037
1-78-A	Variable⁽²⁾	$ 449,154.60	April 2037
1-78-B	Variable⁽²⁾	$ 449,154.60	April 2037
P	Variable⁽²⁾	$ 100.00	April 2037
OC	Variable⁽²⁾	$ 268,170,783.71	April 2037

___________________

(1)

(2)	Calculated in accordance with the definition of “Uncertificated REMIC 1 Pass-Through Rate” in this Agreement.

REMIC 2

As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of Loan Group 2 and certain other related assets (other than the Group 2 Net WAC Shortfall Reserve Fund, any related Master Servicer Prepayment Charge Payment Amounts and, for the avoidance of doubt, the Group 2 Supplemental Interest Trust, the Group 2 Derivative Account, the Group 2 Interest Rate Swap Agreement, the Group 2 Cap Contract and the Group 2 Collateral Account) subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC 2.” The Class R-2 Interest will be the sole class of Residual Interests in REMIC 2 for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Uncertificated REMIC 2 Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC 2 Regular Interests (as defined herein). None of the REMIC 2 Regular Interests will be certificated.

Designation	Uncertificated REMIC 2 Pass-Through Rate	Initial Uncertificated Principal Balance	Latest Possible Maturity Date ⁽¹⁾
1-1-A	Variable⁽²⁾	$ 113,189.00	March 2037
1-1-B	Variable⁽²⁾	$ 113,189.00	March 2037
1-2-A	Variable⁽²⁾	$ 117,892.10	March 2037
1-2-B	Variable⁽²⁾	$ 117,892.10	March 2037
1-3-A	Variable⁽²⁾	$ 122,561.40	March 2037
1-3-B	Variable⁽²⁾	$ 122,561.40	March 2037
1-4-A	Variable⁽²⁾	$ 127,279.60	March 2037
1-4-B	Variable⁽²⁾	$ 127,279.60	March 2037
1-5-A	Variable⁽²⁾	$ 131,941.00	March 2037

Designation	Uncertificated REMIC 2 Pass-Through Rate	Initial Uncertificated Principal Balance	Latest Possible Maturity Date ⁽¹⁾
1-5-B	Variable⁽²⁾	$ 131,941.00	March 2037
1-6-A	Variable⁽²⁾	$ 136,571.00	March 2037
1-6-B	Variable⁽²⁾	$ 136,571.00	March 2037
1-7-A	Variable⁽²⁾	$ 141,112.50	March 2037
1-7-B	Variable⁽²⁾	$ 141,112.50	March 2037
1-8-A	Variable⁽²⁾	$ 145,585.40	March 2037
1-8-B	Variable⁽²⁾	$ 145,585.40	March 2037
1-9-A	Variable⁽²⁾	$ 150,113.40	March 2037
1-9-B	Variable⁽²⁾	$ 150,113.40	March 2037
1-10-A	Variable⁽²⁾	$ 154,602.90	March 2037
1-10-B	Variable⁽²⁾	$ 154,602.90	March 2037
1-11-A	Variable⁽²⁾	$ 158,959.80	March 2037
1-11-B	Variable⁽²⁾	$ 158,959.80	March 2037
1-12-A	Variable⁽²⁾	$ 163,271.80	March 2037
1-12-B	Variable⁽²⁾	$ 163,271.80	March 2037
1-13-A	Variable⁽²⁾	$ 167,588.90	March 2037
1-13-B	Variable⁽²⁾	$ 167,588.90	March 2037
1-14-A	Variable⁽²⁾	$ 171,705.80	March 2037
1-14-B	Variable⁽²⁾	$ 171,705.80	March 2037
1-15-A	Variable⁽²⁾	$ 174,627.80	March 2037
1-15-B	Variable⁽²⁾	$ 174,627.80	March 2037
1-16-A	Variable⁽²⁾	$ 176,614.10	March 2037
1-16-B	Variable⁽²⁾	$ 176,614.10	March 2037
1-17-A	Variable⁽²⁾	$ 177,912.50	March 2037
1-17-B	Variable⁽²⁾	$ 177,912.50	March 2037
1-18-A	Variable⁽²⁾	$ 179,227.10	March 2037
1-18-B	Variable⁽²⁾	$ 179,227.10	March 2037
1-19-A	Variable⁽²⁾	$ 179,879.60	March 2037
1-19-B	Variable⁽²⁾	$ 179,879.60	March 2037
1-20-A	Variable⁽²⁾	$ 179,629.50	March 2037
1-20-B	Variable⁽²⁾	$ 179,629.50	March 2037
1-21-A	Variable⁽²⁾	$ 179,038.90	March 2037
1-21-B	Variable⁽²⁾	$ 179,038.90	March 2037
1-22-A	Variable⁽²⁾	$ 178,473.50	March 2037
1-22-B	Variable⁽²⁾	$ 178,473.50	March 2037
1-23-A	Variable⁽²⁾	$ 177,947.80	March 2037
1-23-B	Variable⁽²⁾	$ 177,947.80	March 2037
1-24-A	Variable⁽²⁾	$ 177,395.20	March 2037
1-24-B	Variable⁽²⁾	$ 177,395.20	March 2037
1-25-A	Variable⁽²⁾	$ 176,926.60	March 2037
1-25-B	Variable⁽²⁾	$ 176,926.60	March 2037
1-26-A	Variable⁽²⁾	$ 1,386,951.20	March 2037
1-26-B	Variable⁽²⁾	$ 1,386,951.20	March 2037

Designation	Uncertificated REMIC 2 Pass-Through Rate	Initial Uncertificated Principal Balance	Latest Possible Maturity Date ⁽¹⁾
1-27-A	Variable⁽²⁾	$ 1,034,061.50	March 2037
1-27-B	Variable⁽²⁾	$ 1,034,061.50	March 2037
1-28-A	Variable⁽²⁾	$ 596,562.50	March 2037
1-28-B	Variable⁽²⁾	$ 596,562.50	March 2037
1-29-A	Variable⁽²⁾	$ 161,466.30	March 2037
1-29-B	Variable⁽²⁾	$ 161,466.30	March 2037
1-30-A	Variable⁽²⁾	$ 2,322,800.90	March 2037
1-30-B	Variable⁽²⁾	$ 2,322,800.90	March 2037
1-31-A	Variable⁽²⁾	$ 1,013,711.60	March 2037
1-31-B	Variable⁽²⁾	$ 1,013,711.60	March 2037
1-32-A	Variable⁽²⁾	$ 144,027.30	March 2037
1-32-B	Variable⁽²⁾	$ 144,027.30	March 2037
1-33-A	Variable⁽²⁾	$ 143,679.60	March 2037
1-33-B	Variable⁽²⁾	$ 143,679.60	March 2037
1-34-A	Variable⁽²⁾	$ 143,367.00	March 2037
1-34-B	Variable⁽²⁾	$ 143,367.00	March 2037
1-35-A	Variable⁽²⁾	$ 142,988.80	March 2037
1-35-B	Variable⁽²⁾	$ 142,988.80	March 2037
1-36-A	Variable⁽²⁾	$ 142,712.30	March 2037
1-36-B	Variable⁽²⁾	$ 142,712.30	March 2037
1-37-A	Variable⁽²⁾	$ 142,410.80	March 2037
1-37-B	Variable⁽²⁾	$ 142,410.80	March 2037
1-38-A	Variable⁽²⁾	$ 142,072.00	March 2037
1-38-B	Variable⁽²⁾	$ 142,072.00	March 2037
1-39-A	Variable⁽²⁾	$ 141,776.10	March 2037
1-39-B	Variable⁽²⁾	$ 141,776.10	March 2037
1-40-A	Variable⁽²⁾	$ 141,390.80	March 2037
1-40-B	Variable⁽²⁾	$ 141,390.80	March 2037
1-41-A	Variable⁽²⁾	$ 141,111.70	March 2037
1-41-B	Variable⁽²⁾	$ 141,111.70	March 2037
1-42-A	Variable⁽²⁾	$ 140,833.70	March 2037
1-42-B	Variable⁽²⁾	$ 140,833.70	March 2037
1-43-A	Variable⁽²⁾	$ 140,548.10	March 2037
1-43-B	Variable⁽²⁾	$ 140,548.10	March 2037
1-44-A	Variable⁽²⁾	$ 140,230.50	March 2037
1-44-B	Variable⁽²⁾	$ 140,230.50	March 2037
1-45-A	Variable⁽²⁾	$ 139,917.30	March 2037
1-45-B	Variable⁽²⁾	$ 139,917.30	March 2037
1-46-A	Variable⁽²⁾	$ 139,646.20	March 2037
1-46-B	Variable⁽²⁾	$ 139,646.20	March 2037
1-47-A	Variable⁽²⁾	$ 139,413.20	March 2037
1-47-B	Variable⁽²⁾	$ 139,413.20	March 2037
1-48-A	Variable⁽²⁾	$ 139,121.40	March 2037

Designation	Uncertificated REMIC 2 Pass-Through Rate	Initial Uncertificated Principal Balance	Latest Possible Maturity Date ⁽¹⁾
1-48-B	Variable⁽²⁾	$ 139,121.40	March 2037
1-49-A	Variable⁽²⁾	$ 670,814.30	March 2037
1-49-B	Variable⁽²⁾	$ 670,814.30	March 2037
1-50-A	Variable⁽²⁾	$ 4,695,682.10	March 2037
1-50-B	Variable⁽²⁾	$ 4,695,682.10	March 2037
1-51-A	Variable⁽²⁾	$ 2,923,001.60	March 2037
1-51-B	Variable⁽²⁾	$ 2,923,001.60	March 2037
1-52-A	Variable⁽²⁾	$ 3,179,064.00	March 2037
1-52-B	Variable⁽²⁾	$ 3,179,064.00	March 2037
1-53-A	Variable⁽²⁾	$ 283,487.80	March 2037
1-53-B	Variable⁽²⁾	$ 283,487.80	March 2037
1-54-A	Variable⁽²⁾	$ 1,091,014.70	March 2037
1-54-B	Variable⁽²⁾	$ 1,091,014.70	March 2037
1-55-A	Variable⁽²⁾	$ 4,294,793.03	March 2037
1-55-B	Variable⁽²⁾	$ 4,294,793.03	March 2037
1-56-A	Variable⁽²⁾	$ 1,026,272.15	March 2037
1-56-B	Variable⁽²⁾	$ 1,026,272.15	March 2037
1-57-A	Variable⁽²⁾	$ 998,476.11	March 2037
1-57-B	Variable⁽²⁾	$ 998,476.11	March 2037
1-58-A	Variable⁽²⁾	$ 369,763.00	March 2037
1-58-B	Variable⁽²⁾	$ 369,763.00	March 2037
1-59-A	Variable⁽²⁾	$ 358,390.30	March 2037
1-59-B	Variable⁽²⁾	$ 358,390.30	March 2037
1-60-A	Variable⁽²⁾	$ 347,359.10	March 2037
1-60-B	Variable⁽²⁾	$ 347,359.10	March 2037
1-61-A	Variable⁽²⁾	$ 336,673.10	March 2037
1-61-B	Variable⁽²⁾	$ 336,673.10	March 2037
1-62-A	Variable⁽²⁾	$ 326,317.40	March 2037
1-62-B	Variable⁽²⁾	$ 326,317.40	March 2037
1-63-A	Variable⁽²⁾	$ 316,269.50	March 2037
1-63-B	Variable⁽²⁾	$ 316,269.50	March 2037
1-64-A	Variable⁽²⁾	$ 306,526.60	March 2037
1-64-B	Variable⁽²⁾	$ 306,526.60	March 2037
1-65-A	Variable⁽²⁾	$ 420,154.53	March 2037
1-65-B	Variable⁽²⁾	$ 420,154.53	March 2037
1-66-A	Variable⁽²⁾	$ 727,028.41	March 2037
1-66-B	Variable⁽²⁾	$ 727,028.41	March 2037
1-67-A	Variable⁽²⁾	$ 707,312.63	March 2037
1-67-B	Variable⁽²⁾	$ 707,312.63	March 2037
1-68-A	Variable⁽²⁾	$ 688,122.85	March 2037
1-68-B	Variable⁽²⁾	$ 688,122.85	March 2037
1-69-A	Variable⁽²⁾	$ 669,462.22	March 2037
1-69-B	Variable⁽²⁾	$ 669,462.22	March 2037

Designation	Uncertificated REMIC 2 Pass-Through Rate	Initial Uncertificated Principal Balance	Latest Possible Maturity Date ⁽¹⁾
1-70-A	Variable⁽²⁾	$ 651,313.38	March 2037
1-70-B	Variable⁽²⁾	$ 651,313.38	March 2037
1-71-A	Variable⁽²⁾	$ 633,657.35	March 2037
1-71-B	Variable⁽²⁾	$ 633,657.35	March 2037
1-72-A	Variable⁽²⁾	$ 616,466.94	March 2037
1-72-B	Variable⁽²⁾	$ 616,466.94	March 2037
1-73-A	Variable⁽²⁾	$ 599,752.54	March 2037
1-73-B	Variable⁽²⁾	$ 599,752.54	March 2037
1-74-A	Variable⁽²⁾	$ 583,497.98	March 2037
1-74-B	Variable⁽²⁾	$ 583,497.98	March 2037
1-75-A	Variable⁽²⁾	$ 567,671.80	March 2037
1-75-B	Variable⁽²⁾	$ 567,671.80	March 2037
1-76-A	Variable⁽²⁾	$ 552,277.21	March 2037
1-76-B	Variable⁽²⁾	$ 552,277.21	March 2037
1-77-A	Variable⁽²⁾	$ 537,310.73	March 2037
1-77-B	Variable⁽²⁾	$ 537,310.73	March 2037
1-78-A	Variable⁽²⁾	$ 522,742.39	March 2037
1-78-B	Variable⁽²⁾	$ 522,742.39	March 2037
1-79-A	Variable⁽²⁾	$ 508,565.90	March 2037
1-79-B	Variable⁽²⁾	$ 508,565.90	March 2037
1-80-A	Variable⁽²⁾	$ 494,785.51	March 2037
1-80-B	Variable⁽²⁾	$ 494,785.51	March 2037
1-81-A	Variable⁽²⁾	$ 481,373.07	March 2037
1-81-B	Variable⁽²⁾	$ 481,373.07	March 2037
1-82-A	Variable⁽²⁾	$ 468,322.70	March 2037
1-82-B	Variable⁽²⁾	$ 468,322.70	March 2037
1-83-A	Variable⁽²⁾	$ 677,593.93	March 2037
1-83-B	Variable⁽²⁾	$ 677,593.93	March 2037
1-84-A	Variable⁽²⁾	$ 1,268,644.72	March 2037
1-84-B	Variable⁽²⁾	$ 1,268,644.72	March 2037
1-85-A	Variable⁽²⁾	$ 11,180,096.43	March 2037
1-85-B	Variable⁽²⁾	$ 11,180,096.43	March 2037
1-86-A	Variable⁽²⁾	$ 1,056,250.20	March 2037
1-86-B	Variable⁽²⁾	$ 1,056,250.20	March 2037
1-87-A	Variable⁽²⁾	$ 1,813,767.50	March 2037
1-87-B	Variable⁽²⁾	$ 1,813,767.50	March 2037
1-88-A	Variable⁽²⁾	$ 716,195.00	March 2037
1-88-B	Variable⁽²⁾	$ 716,195.00	March 2037
P	Variable⁽²⁾	$ 100.00	March 2037
OC	Variable⁽²⁾	$ 111,853,061.63	March 2037

___________________

(1)

For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date in the month following the maturity date for the Mortgage Loan in Loan Group 2 with the latest possible maturity date has been designated as the “latest possible maturity date” for each REMIC 2 Regular Interest.

(2)	Calculated in accordance with the definition of “Uncertificated REMIC 2 Pass-Through Rate” in this Agreement.

REMIC 3

As provided in this Agreement, the Trustee will make an election to treat the segregated pool of assets consisting of the REMIC 1 Regular Interests and the REMIC 2 Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC 3”. The Class R-3 Interest will represent the sole class of Residual Interests in REMIC 3 for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Uncertificated REMIC 3 Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC 3 Regular Interests (as defined herein). None of the REMIC 3 Regular Interests will be certificated.

Designation	Uncertificated REMIC 3 Pass-Through Rate	Initial Uncertificated Principal Balance	Latest Possible Maturity Date⁽¹⁾
1-AA	Variable⁽²⁾	$ 1,171,192,025.64	April 2037
1-A1-A	Variable⁽²⁾	$ 3,389,640.00	April 2037
1-A1-B	Variable⁽²⁾	$ 3,680,750.00	April 2037
1-A1-C	Variable⁽²⁾	$ 1,825,870.00	April 2037
1-AM	Variable⁽²⁾	$ 2,224,060.00	April 2037
1-M-1	Variable⁽²⁾	$ 161,340.00	April 2037
1-M-2	Variable⁽²⁾	$ 143,410.00	April 2037
1-M-3	Variable⁽²⁾	$ 77,680.00	April 2037
1-M-4	Variable⁽²⁾	$ 71,710.00	April 2037
1-M-5	Variable⁽²⁾	$ 59,750.00	April 2037
1-M-6	Variable⁽²⁾	$ 47,800.00	April 2037
1-M-7	Variable⁽²⁾	$ 41,830.00	April 2037
1-M-8	Variable⁽²⁾	$ 41,830.00	April 2037
1-B	Variable⁽²⁾	$ 47,800.00	April 2037
1-ZZ	Variable⁽²⁾	$ 12,088,408.07	April 2037
1-IO	Variable⁽²⁾	⁽³⁾	April 2037
1-P	Variable⁽²⁾	$ 100.00	April 2037
2-AA	Variable⁽²⁾	$ 230,248,353.05	March 2037
2-A	Variable⁽²⁾	$ 2,234,360.00	March 2037
2-ZZ	Variable⁽²⁾	$ 2,464,585.98	March 2037
2-IO	Variable⁽²⁾	⁽³⁾	March 2037
2-P	Variable⁽²⁾	$ 100.00	March 2037

___________________

(1)

For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan in Loan Group 1 with the latest maturity date has been designated as the “latest possible maturity date” for each REMIC 3 Group 1 Regular Interest (as defined herein), and the Distribution Date immediately following the maturity date for the Mortgage Loan in Loan Group 2 with the latest maturity date has been designated as the “latest possible maturity date” for each REMIC 3 Group 2 Regular Interest (as defined herein).

(2)	Calculated in accordance with the definition of “Uncertificated REMIC 3 Pass-Through Rate” in this Agreement.

(3)	REMIC 3 Regular Interest 1-IO and REMIC 3 Regular Interest 2-IO will not have Uncertificated Principal Balances but will accrue interest on their respective uncertificated notional amounts calculated in accordance with the related definition of “Uncertificated Notional Amount” herein.

REMIC 4

As provided in this Agreement, the Trustee will make an election to treat the segregated pool of assets consisting of the REMIC 3 Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC 4”. The Class R-4 Interest will represent the sole class of Residual Interests in REMIC 4 for purposes of the REMIC Provisions.

The following table irrevocably sets forth the designation, the Pass-Through Rate, the Initial Certificate Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each class of Certificates and interests that represents ownership of one or more of the Regular Interests in REMIC 4 created hereunder.

Each Certificate, other than the Class R Certificates, represents ownership of a Regular Interest in REMIC 4 and also represents (i) the right to receive, or the obligation to make, as described herein, payments with respect to the related Net WAC Shortfall Amount (as defined herein) and (ii) the obligation to pay, or the right to receive, as described herein, related Class IO Distribution Amounts (as defined herein). The entitlement to principal of the Regular Interest which corresponds to each Certificate shall be equal in amount and timing to the entitlement to principal of such Certificate.

Class Designation	Initial Certificate Principal Balance	Pass-Through Rate	Assumed Final Maturity Date⁽¹⁾
Class 1-A1-A⁽²⁾	$ 338,964,000	Variable⁽³⁾	April 2037
Class 1-A1-B⁽²⁾	$ 368,075,000	Variable⁽³⁾	April 2037
Class 1-A1-C⁽²⁾	$ 182,587,000	Variable⁽³⁾	April 2037
Class 1-AM⁽²⁾	$ 222,406,000	Variable⁽³⁾	April 2037
Class 2-A⁽²⁾	$ 223,436,000	Variable⁽³⁾	March 2037
Class 1-M-1⁽²⁾	$ 16,134,000	Variable⁽³⁾	April 2037
Class 1-M-2⁽²⁾	$ 14,341,000	Variable⁽³⁾	April 2037
Class 1-M-3⁽²⁾	$ 7,768,000	Variable⁽³⁾	April 2037
Class 1-M-4⁽²⁾⁾	$ 7,171,000	Variable⁽³⁾	April 2037
Class 1-M-5⁽²⁾	$ 5,975,000	Variable⁽³⁾	April 2037
Class 1-M-6⁽²⁾	$ 4,780,000	Variable⁽³⁾	April 2037
Class 1-M-7⁽²⁾	$ 4,183,000	Variable⁽³⁾	April 2037
Class 1-M-8⁽²⁾	$ 4,183,000	Variable⁽³⁾	April 2037
Class 1-B⁽²⁾	$ 4,780,000	Variable⁽³⁾	April 2037
Class 1-C	$ 13,746,903.71	Variable⁽⁴⁾	April 2037
Class 2-C	$ 11,511,299.03	Variable⁽⁴⁾	March 2037
Class 1-P	$ 100.00	N/A⁽⁵⁾	April 2037
Class 2-P	$ 100.00	N/A⁽⁵⁾	March 2037
Class 1-IO Interest	⁽⁶⁾	⁽⁷⁾	April 2037
Class 2-IO Interest	⁽⁶⁾	⁽⁷⁾	March 2037

___________________

(1)

For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date in the month following the maturity date for the Mortgage Loan in Loan Group 1 with the latest maturity date has been designated as the “latest possible maturity date” for each Regular Interest in REMIC 4 the ownership of which is represented by the Class 1-A, Class 1-M, Class 1-B, Class 1-C and Class 1-P Certificates and the Class 1-IO Interest, and the Distribution Date in the month following the maturity date for the Mortgage Loan in Loan Group 2 with the latest maturity date has been designated as the “latest possible maturity date” for each Regular Interest in REMIC 4 the ownership of which is represented by the Class 2-A, Class 2-C and Class 2-P Certificates and the Class 2-IO Interest.

(2)

This Class of Certificates represents ownership of a Regular Interest in REMIC 4. Any amount distributed on this Class of Certificates on any Distribution Date in excess of the amount distributable on the related Regular Interest in REMIC 4 on such Distribution Date shall be treated for federal income tax purposes as having been paid from the related Net WAC Shortfall Reserve Fund or the related Supplemental Interest Trust, as applicable, and any amount distributable on the related Regular Interest in REMIC 4 on such Distribution Date in excess of the amount distributable on such Class of Certificates on such Distribution Date shall be treated for such purposes as having been distributed to the Holders of such Certificates and then paid by such Holders to the related Supplemental Interest Trust, all pursuant to and as further provided in Section 4.10 and Section 4.11 hereof.

(3)

Calculated in accordance with the definition of “Pass-Through Rate” in this Agreement. Each Regular Interest in REMIC 4 which corresponds to a Class 1-A, Class 2-A, Class 1-B or Class 1-M Certificate will have the same Pass-Through Rate as such Certificate, except with respect to the related Net WAC Rate. The Net WAC Rate for each such Regular Interest in REMIC 4 and Certificate is specified in the related definition of “Net WAC Rate .”

(4)

The Class 1-C Certificates and Class 2-C Certificates will accrue interest at their variable Pass-Through Rates on their Notional Balances outstanding from time to time, which shall equal the aggregate Uncertificated Principal Balances of the REMIC 3 Group 1 Regular Interests (other than REMIC 3 Regular Interest 1-P) or the REMIC 3 Group 2 Regular Interests (other than REMIC 3 Regular Interest 2-P), respectively. The Class C Certificates will not accrue interest on their Certificate Principal Balances.

(5)	The Class 1-P Certificates and Class 2-P Certificates do not accrue interest.

(6)	For federal income tax purposes, the Class 1-IO Interest and Class 2-IO Interest will not have Uncertificated Principal Balances, but will have notional amounts equal to the Uncertificated Notional Amounts of REMIC 3 Regular Interest 1-IO and REMIC 3 Regular Interest 2-IO, respectively.

(7)	For federal income tax purposes, the Class 1-IO Interest and Class 2-IO Interest will not have Pass-Through Rates, but will be entitled to 100% of the amounts distributed on REMIC 3 Regular Interest 1-IO and REMIC 3 Regular Interest 2-IO, respectively.

ARTICLE I

DEFINITIONS

Section 1.01. Defined Terms.

Whenever used in this Agreement, the following words and phrases, unless the context otherwise requires, shall have the meanings specified in this Article. Unless otherwise specified, all calculations in respect of interest on the Class A, Class M and Class B Certificates shall accrue on the basis of a 360-day year and the actual number of days in the related Accrual Period. All calculations of interest on the Class C Certificates will be made on the basis of a 360-day year consisting of twelve 30-day months. The Class 1-P, Class 2-P and Class R Certificates do not accrue interest.

“Accrual Period”: With respect to each Class of Certificates (other than the Class C, Class P and Class R Certificates) and the Distribution Date in April 2007, the period commencing on the Closing Date and ending on the day preceding the Distribution Date in April 2007, and (ii) with respect to any Distribution Date after the Distribution Date in April 2007, the period commencing on the Distribution Date in the month immediately preceding the month in which such Distribution Date occurs and ending on the day preceding such Distribution Date. With respect to the Class C Certificates and any Distribution Date, the calendar month immediately preceding such Distribution Date.

“Adjustment Date”: As to each adjustable-rate Mortgage Loan, each date set forth in the related Mortgage Note on which an adjustment to the interest rate on such Mortgage Loan becomes effective.

“Advance”: As to any Mortgage Loan, any advance made by the Sub-Servicer or Master Servicer on any Distribution Date pursuant to Section 4.03.

“Affected Party”: As defined in the related Interest Rate Swap Agreement.

“Affiliate”: With respect to any Person, any other Person controlling, controlled by or under common control with such Person. For purposes of this definition, “control” means the power to direct the management and policies of a Person, directly or indirectly, whether through ownership of voting securities, by contract or otherwise and “controlling” and “controlled” shall have meanings correlative to the foregoing.

“Aggregate Stated Principal Balance”: As of any date of determination, the aggregate Stated Principal Balance of the Mortgage Loans.

“Agreement”: This Pooling and Servicing Agreement and all amendments hereof.

“Allocated Realized Loss Amount”: With respect to any Class of Offered Certificates and the Class 1-B Certificates and any Distribution Date, an amount equal to the sum of any Realized Loss allocated to that Class of Certificates on that Distribution Date (other than, with respect to the Class 1-AM Certificates and Class 2-A Certificates, a Realized Loss which was covered by the Certificate Guaranty Insurance Policy) and any Allocated Realized Loss Amount for that Class remaining unpaid from any previous Distribution Date, minus any Subsequent Recoveries applied to such Allocated Realized Loss Amount.

“Assessment of Compliance” As defined in Section 3.20

“Assignment”: An assignment of Mortgage, notice of transfer or equivalent instrument, in recordable form, which is sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect of record the sale of the Mortgage.

“Attestation Report”: As defined in Section 3.20

“Available Distribution Amount”: With respect to any Distribution Date and any Loan Group, an amount equal to the amount received by the Trustee and available in the Certificate Account on that Distribution Date. The Available Distribution Amount will generally be equal to (i) the sum of (1) the aggregate amount of scheduled payments on the related Mortgage Loans received or advanced that were due during the related Due Period and (2) any unscheduled payments and receipts, including mortgagor prepayments on such Mortgage Loans, Insurance Proceeds, Liquidation Proceeds and Subsequent Recoveries, received during the related Prepayment Period, minus (ii) (A) amounts reimbursable therefrom to the Trustee, the Master Servicer and any Sub-Servicer, Master Servicing Fees, Sub-Servicing Fees, the Policy Premium payable to the Certificate Insurer, any amounts needed to reimburse the Master Servicer for amounts due under the Servicing Agreement and this Agreement to the extent such amounts have not been retained by, or paid previously to the Master Servicer, and any amounts in respect of the premiums payable to the PMI Insurer under the PMI Insurer Policy and (B) amounts payable to the related Supplemental Interest Trust in respect of related Net Swap Payments and related Swap Termination Payments other than Swap Termination Payments payable to the related Swap Provider resulting from a Swap Provider Trigger Event.

“Bankruptcy Code”: The Bankruptcy Code of 1978, as amended.

“Basic Principal Distribution Amount”: With respect to any Distribution Date and any Loan Group, the excess of (i) the related Principal Remittance Amount for such Distribution Date over (ii) the related Overcollateralization Release Amount, if any, for such Distribution Date.

“Book-Entry Certificate”: Each class of the Offered Certificates for so long as they are issued, maintained and transferred at the Depository.

“Business Day”: Any day other than a Saturday, a Sunday or a day on which banking institutions in California or New York (and such other state or states in which the Custodial Account or the Certificate Account are at the time located) or in the city in which the Corporate Trust Office of the Trustee is located are authorized or obligated by law or executive order to close.

“Cap Contracts”: The Group 1 Cap Contracts or Group 2 Cap Contract, as applicable.

“Cap Counterparties”: The Group 1 Cap Counterparty or Group 2 Cap Counterparty, as applicable.

“Cash Liquidation”: As to any defaulted Mortgage Loan other than a Mortgage Loan as to which an REO Acquisition occurred, a determination by the Master Servicer that it has received all Insurance Proceeds, Liquidation Proceeds and other payments or cash recoveries which the Master Servicer reasonably and in good faith expects to be finally recoverable with respect to such Mortgage Loan.

“Certificate”: Any Regular Certificate or Class R Certificate.

“Certificate Account”: The trust account or accounts created and maintained pursuant to Section 4.01, which shall be entitled Deutsche Bank National Trust Company, in trust for registered holders of Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-2, and which account or accounts must each be an Eligible Account.

“Certificate Account Deposit Date”: With respect to any Distribution Date, the Business Day immediately preceding such Distribution Date.

“Certificateholder” or “Holder”: The Person in whose name a Certificate is registered in the Certificate Register, except that only a Permitted Transferee shall be a holder of a Residual Certificate for any purposes hereof and, solely for the purposes of giving any consent pursuant to this Agreement, any Certificate registered in the name of the Depositor, the Sponsor, the Trustee, a subservicer or the Master Servicer or any affiliate thereof shall be deemed not to be outstanding and the Voting Rights to which such Certificate is entitled shall not be taken into account in determining whether the requisite percentage of Voting Rights necessary to effect any such consent has been obtained, except as otherwise provided in Section 11.01. The Trustee shall be entitled to rely upon a certification of the Depositor or the Master Servicer in determining if any Certificates are registered in the name of the respective affiliate. All references in this Agreement to “Holders” or “Certificateholders” shall reflect the rights of Certificate Owners as they may indirectly exercise such rights through the Depository and participating members thereof, except as otherwise specified in this Agreement; provided, however, that the Trustee shall be required to recognize as a “Holder” or “Certificateholder” only the Person in whose name a Certificate is registered in the Certificate Register.

“Certificate Guaranty Insurance Policy”: The certificate guaranty insurance policy issued by the Certificate Insurer for the benefit of the Class 1-AM Certificateholders and Class 2-A Certificateholders.

“Certificate Insurer”: Ambac Assurance Corporation, a Wisconsin domiciled stock insurance corporation, or any successor thereto as provided in the Agreement.

“Certificate Margin” The Certificate Margin for the Offered Certificates and Class 1-B Certificates, and for purposes of the definition of “Group 1 Marker Rate”, “Group 2 Marker Rate”, “Group 1 Maximum Uncertificated Accrued Interest Deferral Amount”, or “Group 2 Maximum Uncertificated Accrued Interest Deferral Amount”, each REMIC 3 Regular Interest for which such Certificates are Corresponding Certificates, shall be:

Certificate Margin
Class	(1)	(2)
1-A-1A	0.110%	0.220%
1-A-1B	0.250%	0.500%
1-A-1C	0.380%	0.760%
1-AM	0.240%	0.480%
2-A	0.250%	0.500%
1-M-1	0.420%	0.630%
1-M-2	0.500%	0.750%
1-M-3	0.750%	1.125%
1-M-4	1.700%	2.550%
1-M-5	1.800%	2.700%
1-M-6	2.000%	3.000%
1-M-7	2.000%	3.000%
1-M-8	1.100%	1.650%
1-B	1.100%	1.650%

______

(1) Prior to the related Step-Up Date.

(2) On and after the related Step-Up Date.

“Certificate Owner”: With respect to a Book-Entry Certificate, the Person who is the beneficial owner of such Certificate, as reflected on the books of an indirect participating brokerage firm for which a Depository Participant acts as agent, if any, and otherwise on the books of a Depository Participant, if any, and otherwise on the books of the Depository.

“Certificate Principal Balance”: With respect to any Certificate (other than the Class 1-C, Class 2-C and Class R Certificates) as of any date of determination, the Initial Certificate Principal Balance thereof, increased by any Subsequent Recoveries allocated thereto, and reduced by the aggregate of (a) all amounts allocable to principal previously distributed with respect to such Certificate and (b) any reductions in the Certificate Principal Balance thereof deemed to have occurred in connection with allocations of Realized Losses in the manner described herein. With respect to the Class 1-C Certificates as of any date of determination, an amount equal to the excess, if any, of (A) the then aggregate Uncertificated Principal Balance of the REMIC 3 Group 1 Regular Interests, over (B) the then aggregate Certificate Principal Balance of the Class 1-A, Class 1-M, Class 1-B and Class 1-P Certificates then outstanding. With respect to the Class 2-C Certificates as of any date of determination, an amount equal to the excess, if any, of (A) the then aggregate Uncertificated Principal Balance of the REMIC 3 Group 2 Regular Interests, over (B) the then aggregate Certificate Principal Balance of the Class 2-A Certificates and Class 2-P Certificates then outstanding.

“Certificate Register”: The register maintained pursuant to Section 5.02.

“Class”: Collectively, all of the Certificates bearing the same designation.

“Class 1-A Certificates”: The Class 1-A1-A, Class 1-A1-B, Class 1-A1-C and Class 1-AM Certificates.

“Class 1-A Principal Distribution Amount”: For any Distribution Date will equal the excess of (1) the aggregate Certificate Principal Balance of the Class 1-A Certificates immediately prior to such Distribution Date, over (2) the lesser of (x) 86.10% of the aggregate Stated Principal Balance of the Group 1 Loans for such Distribution Date after giving effect to distributions to be made on that Distribution Date and (y) the aggregate Stated Principal Balance of the Group 1 Loans for such Distribution Date after giving effect to distributions to be made on that Distribution Date minus the Group 1 Overcollateralization Floor.

“Class 1-A1 Certificates”: The Class 1-A1-A, Class 1-A1-B and Class 1-A1-C Certificates.

“Class 1-C Distribution Amount”: With respect to any Distribution Date, the sum of (i) the Monthly Interest Distributable Amount for the Class 1-C Certificates for such Distribution Date, (ii) any Group 1 Overcollateralization Release Amount for such Distribution Date and (iii) without duplication, any Subsequent Recoveries related to Loan Group 1 not distributed to the Class 1-A, Class 1-M and Class 1-B Certificates on such Distribution Date; provided, however that on any Distribution Date after the Distribution Date on which the Certificate Principal Balances of the Class 1-A, Class 1-M, Class 1-B and Class 1-P Certificates have been reduced to zero, the Class 1-C Distribution Amount shall include the Group 1 Overcollateralization Amount.

“Class 1-IO Interest”: An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Supplemental Interest Trust, evidencing a Regular Interest in REMIC 4 for purposes of the REMIC Provisions.

“Class 1-M Certificates”: The Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7 and Class 1-M-8 Certificates.

“Class 2-A Principal Distribution Amount”: For any Distribution Date will equal the excess of (1) the Certificate Principal Balance of the Class 2-A Certificates immediately prior to such Distribution Date, over (2) the lesser of (x) 87.50% of the aggregate Stated Principal Balance of the Group 2 Loans for such Distribution Date after giving effect to distributions to be made on that Distribution Date and (y) the aggregate Stated Principal Balance of the Group 2 Loans for such Distribution Date after giving effect to distributions to be made on that Distribution Date minus the Group 2 Overcollateralization Floor.

“Class 2-C Distribution Amount”: With respect to any Distribution Date, the sum of (i) the Monthly Interest Distributable Amount for the Class 2-C Certificates for such Distribution Date, (ii) any Group 2 Overcollateralization Release Amount for such Distribution Date and (iii) without duplication, any Subsequent Recoveries related to Loan Group 2 not distributed to the Class 2-A Certificates on such Distribution Date; provided, however that on any Distribution Date after the Distribution Date on which the Certificate Principal Balances of the Class 2-A Certificates and Class 2-P Certificates have been reduced to zero, the Class 2-C Distribution Amount shall include the Group 2 Overcollateralization Amount.

“Class 2-IO Interest”: An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Supplemental Interest Trust, evidencing a Regular Interest in REMIC 4 for purposes of the REMIC Provisions.

“Class A Certificates”: The Class 1-A and Class 2-A Certificates.

“Class C Certificates ”: The Class 1-C Certificates and Class 2-C Certificates.

“Class IO Interests”: The Class 1-IO Interest and Class 2-IO Interest.

“Class IO Distribution Amount”: Any of the Group 1 Class IO Distribution Amount or the Group 2 Class IO Distribution Amount.

“Class 1-M-4 Interest Reserve Fund Amount”: The amount deposited in the Class M Interest Reserve Fund on the Closing Date by the Depositor to cover Net WAC Shortfall Amounts on the Class 1-M-4 Certificates, reduced by any distributions to the Class 1-M-4 Certificates pursuant to Section 4.15 on previous Distribution Dates. Initially, $210,302.

“Class 1-M-5 Interest Reserve Fund Amount”: The amount deposited in the Class M Interest Reserve Fund on the Closing Date by the Depositor to cover Net WAC Shortfall Amounts on the Class 1-M-5 Certificates, reduced by any distributions to the Class 1-M-5 Certificates pursuant to Section 4.15 on previous Distribution Dates. Initially, $175,228.

“Class 1-M-6 Interest Reserve Fund Amount”: The amount deposited in the Class M Interest Reserve Fund on the Closing Date by the Depositor to cover Net WAC Shortfall Amounts on the Class 1-M-6 Certificates, reduced by any distributions to the Class 1-M-6 Certificates pursuant to Section 4.15 on previous Distribution Dates. Initially, $179,604.

“Class 1-M-7 Interest Reserve Fund Amount”: The amount deposited in the Class M Interest Reserve Fund on the Closing Date by the Depositor to cover Net WAC Shortfall Amounts on the Class 1-M-7 Certificates, reduced by any distributions to the Class 1-M-7 Certificates pursuant to Section 4.15 on previous Distribution Dates. Initially, $154,392.

“Class M Interest Reserve Fund”: A reserve fund to cover Net WAC Shortfall Amounts on the Class 1-M-4, Class 1-M-5, Class 1-M-6 and Class 1-M-7 Certificates as described in Section 4.15.

“Class P Certificates ”: The Class 1-P Certificates and Class 2-P Certificates.

“Class R Certificate”: Any one of the Class R Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit B-4, evidencing the ownership of the Class R-1 Interest, Class R-2 Interest, Class R-3 Interest and Class R-4 Interest.

“Class R-1 Interest”: The uncertificated Residual Interest in REMIC 1.

“Class R-2 Interest”: The uncertificated Residual Interest in REMIC 2.

“Class R-3 Interest”: The uncertificated Residual Interest in REMIC 3.

“Class R-4 Interest”: The uncertificated Residual Interest in REMIC 4.

“Closing Date”: March 29, 2007.

“Code”: The Internal Revenue Code of 1986.

“Collateral Accounts”: Any of the Group 1 Collateral Account or the Group 2 Collateral Account.

“Collateral Value”: The appraised value of a Mortgaged Property based upon the lesser of (i) the appraisal (as reviewed and approved by the Sponsor) made at the time of the origination of the related Mortgage Loan, or (ii) the sales price of such Mortgaged Property at such time of origination. With respect to a Mortgage Loan the proceeds of which were used to refinance an existing mortgage loan, the appraised value of the Mortgaged Property based upon the appraisal (as reviewed and approved by the Sponsor) obtained at the time of refinancing.

“Commission”: The Securities and Exchange Commission.

“Compensating Interest”: With respect to any Distribution Date, any payments made by the Subservicer or the Master Servicer from its own funds to cover Prepayment Interest Shortfalls, which shall be equal to the lesser of (x) the sum of the related Master Servicing and related Sub-Servicing Fees not including such portion that represents the Excess Servicing Strip for the related Distribution Date, and (y) the related Prepayment Interest Shortfall for such Distribution Date.

“Conduit Buster”: Any loan in Loan Group 2 having a prepayment penalty term with a five year lockout and penalty points of five in year six, four in year seven, three in year eight, two in year nine and one in year ten.

“Countrywide”: Countrywide Home Loans Servicing LP, or its successor in interest.

“Corporate Trust Office”: The principal corporate trust office of the Trustee at which at any particular time its corporate trust business related to this Agreement shall be administered, which office at the date of the execution of this Agreement is located at 0000 Xxxx Xx. Xxxxxx Xxxxx, Xxxxx Xxx, Xxxxxxxxxx 00000, Attention: Corporate Trust, Impac Secured Assets Corp. Series 2007-2 (IM07S2).

“Corresponding Certificate”: With respect to each REMIC 3 Regular Interest (other than REMIC 3 Regular Interests 1-AA, 2-AA, 1-ZZ, 2-ZZ, 1-IO and 2-IO), the Certificate with the corresponding designation. With respect to each REMIC 4 Regular Interest (other than the Class IO Interests), the related Certificate representing an ownership therein.

“Credit Enhancement Percentage”: For any Distribution Date and any Loan Group after the related Stepdown Date is the percentage equivalent of a fraction, the numerator of which is equal to (a) the excess of (i) the Aggregate Stated Principal Balance of the related Mortgage Loans for such Distribution Date (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over (ii) (1) before the aggregate Certificate Principal Balance of the related Class A Certificates have been reduced to zero, the aggregate Certificate Principal Balance of the related Class A Certificates, (after taking into account distribution of the related Principal Distribution Amount for such Distribution Date) or (2) after such time, the Certificate Principal Balance of the most senior class of related Subordinate Certificates outstanding (after taking into account distribution of the related Principal Distribution Amount for such distribution date), and the denominator of which is equal to (b) the Aggregate Stated Principal Balance of the related Mortgage Loans for such Distribution Date (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period).

“Credit Support Annex One”: The credit support annex, dated as of March 29, 2007, between the Group 1 Supplemental Interest Trust Trustee and Bank of America, N.A., which is annexed to and forms part of the Group 1 Swap Agreement.

“Credit Support Annex Two”: The credit support annex, dated as of March 29, 2007, between the Group 2 Supplemental Interest Trust Trustee and Bank of America, N.A., which is annex to and forms part of the Group 2 Swap Agreement.

“Credit Support Annex Three”: The credit support annex, dated as of March 29, 2007, between the Group 1 Supplemental Interest Trust Trustee and Bank of America, N.A., which is annexed to and forms part of the Group 1 Cap I Contract.

“Credit Support Annex Four”: The credit support annex, dated as of March 29, 2007, between the Group 1 Supplemental Interest Trust Trustee and Bank of America, N.A., which is annexed to and forms part of the Group 1 Cap II Contract.

“Credit Support Annex Five”: The credit support annex, dated as of March 29, 2007, between the Group 2 Supplemental Interest Trust Trustee and Bank of America, N.A., which is annexed to and forms part of the Group 2 Cap Contract.

“Cross Collateralized Loss Payments”: For any payment date and each Loan Group, the amount, if any, of Crossable Excess from such Loan Group available to cover Crossable Losses in the other Loan Group as provided in Sections 4.01(l)(vi) and (m)(v).

“Crossable Excess”: With respect to Loan Group 1 and Loan Group 2 and any Distribution Date, an amount equal to the related Net Monthly Excess Cashflow remaining after distributions made pursuant to Sections 4.01(l)(v) and (m)(iv), respectively.

“Crossable Losses”: With respect to either Loan Group and any Distribution Date, an amount equal to any Realized Losses suffered by any Mortgage Loan in such Loan Group, to the extent that such Realized Losses have not been covered by related Net Monthly Excess Cashflow on such Distribution Date, and any previously unreimbursed Realized Losses suffered by any Mortgage Loans in such Loan Group to the extent such Realized Losses have not been covered by related and non-related Net Monthly Excess Cashflow on prior Distribution Dates.

“Current Report The Current Report pursuant to Section 13 or 15(d) of the Exchange Act.

“Curtailment”: Any Principal Prepayment made by a Mortgagor which is not a Principal Prepayment in Full.

“Custodial Account”: The custodial account or accounts created and maintained pursuant to Section 3.10 in the name of a depository institution, as custodian for the Holders of the Certificates. Any such account or accounts shall be an Eligible Account.

“Custodian”: Deutsche Bank National Trust Company.

“Cut-off Date”: With respect to the Mortgage Loans, March 1, 2007. References herein to the “Cut-off Date,” when used with respect to more than one Mortgage Loan, shall be to the respective Cut-off Dates for such Mortgage Loans.

“Cut-off Date Balance”: Any of the Group 1 Cut-off Date Balance or Group 2 Cut-off Date Balance, as applicable.

“Debt Service Coverage Ratio”: With respect to any multifamily loan at any given time, the ratio of (i) the net cashflow of the related mortgaged property for a twelve month period to (ii) the annualized scheduled payments on the mortgage loan.

“Defaulted Mortgage Loan” means any Mortgage Loan as to which the Mortgagor has failed to make unexcused three or more consecutive scheduled Monthly Payments.

“Defaulting Party”: As defined in the Interest Rate Swap Agreement.

“Deficiency Amount”: As applied to the Class 1-AM Certificates and Class 2-A Certificates, (A) with respect to each Distribution Date prior to the related Final Scheduled Distribution Date, an amount equal to the sum of (i) the excess, if any, of (a) the aggregate amount of the Monthly Interest Distributable Amount on the Class 1-AM Certificates or Class 2-A Certificates for that Distribution Date over (b) the funds available to make payment thereof pursuant to Article IV of this Agreement for that Distribution Date and (ii) the amount of any Realized Losses allocated to the Class 1-AM Certificates or Class 2-A Certificates for such Distribution Date; and (B) with respect to the related Final Scheduled Distribution Date and the Class 1-AM Certificates or Class 2-A Certificates, as the case may be, an amount equal to the sum of (i) the excess, if any, of (a) the amount of the Monthly Interest Distributable Amount on the Class 1-AM Certificates or Class 2-A Certificates for the related Final Scheduled Distribution Date over (b) the funds available to make payment thereof pursuant to Article IV of this Agreement for the related Final Scheduled Distribution Date and (ii) the outstanding Certificate Principal Balance of the Class 1-AM Certificates or Class 2-A Certificates due on the related Final Scheduled Distribution Date to the extent not paid from the related Available Distribution Amount on the related Final Scheduled Distribution Date. Any Deficiency Amount shall not include any Prepayment Interest Shortfalls, any Relief Act Shortfalls or any Net WAC Shortfall Amounts.

“Deficient Valuation”: With respect to any Mortgage Loan, a valuation by a court of competent jurisdiction of the Mortgaged Property in an amount less than the then outstanding indebtedness under the Mortgage Loan, or any reduction in the amount of principal to be paid in connection with any scheduled Monthly Payment that constitutes a permanent forgiveness of principal, which valuation or reduction results from a proceeding under the Bankruptcy Code.

“Definitive Certificate”: Any definitive, fully registered Certificate.

“Deleted Mortgage Loan”: A Mortgage Loan replaced or to be replaced with a Qualified Substitute Mortgage Loan.

“Delinquent”: The delinquency method used for calculations with respect to the mortgage loans will be in accordance with the methodology used by lenders regulated by the Office of Thrift Supervision. Under this method, a mortgage loan is considered “30 days or more Delinquent” if the borrower fails to make a scheduled payment prior to the close of business on the mortgage loan’s first succeeding due date. A mortgage loan would be considered “60 days or more delinquent” with respect to such scheduled payment if such scheduled payment were not made prior to the close of business on the mortgage loan’s second succeeding due date. Similarly for “90 days or more delinquent” and so on. Unless otherwise specified, with respect to any date of determination, determinations of delinquency are made as of the last day of the prior calendar month. Mortgage Loans with Due Dates which are not the first of the month are treated as if the Due Date was the first of the following month.

“Depositor” Impac Secured Assets Corp., or its successor in interest.

“Depository”: The Depository Trust Company, or any successor Depository hereafter named. The nominee of the initial Depository for purposes of registering those Certificates that are to be Book-Entry Certificates is Cede & Co. The Depository shall at all times be a “clearing corporation” as defined in Section 8-102(5) of the Uniform Commercial Code of the State of New York and a “clearing agency” registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended.

“Depository Participant”: A broker, dealer, bank or other financial institutions or other Person for whom from time to time a Depository effects book-entry transfers and pledges of securities deposited with the Depository.

“Derivative Account”: The Group 1 Derivative Account or Group 2 Derivative Account, as applicable.

“Determination Date”: With respect to any Distribution Date, the 15th day of the month in which such Distribution Date occurs or, if such day is not a Business Day, on the immediately preceding Business Day.

“Disqualified Organization”: Any organization defined as a “disqualified organization” under Section 860E(e)(5) of the Code, which includes any of the following: (i) the United States, any State or political subdivision thereof, any possession of the United States, or any agency or instrumentality of any of the foregoing (other than an instrumentality which is a corporation if all of its activities are subject to tax and, except for the Xxxxxxx Mac, a majority of its board of directors is not selected by such governmental unit), (ii) a foreign government, any international organization, or any agency or instrumentality of any of the foregoing, (iii) any organization (other than certain farmers' cooperatives described in Section 521 of the Code) which is exempt from the tax imposed by Chapter 1 of the Code (including the tax imposed by Section 511 of the Code on unrelated business taxable income), (iv) rural electric and telephone cooperatives described in Section 1381(a)(2)(C) of the Code and (v) any other Person so designated by the Trustee based upon an Opinion of Counsel that the holding of an Ownership Interest in a Class R Certificate by such Person may cause REMIC 1, REMIC 2, REMIC 3 or REMIC 4 or any Person having an Ownership Interest in any Class of Certificates (other than such Person) to incur a liability for any federal tax imposed under the Code that would not otherwise be imposed but for the Transfer of an Ownership Interest in a Class R Certificate to such Person. The terms “United States”, “State” and “international organization” shall have the meanings set forth in Section 7701 of the Code or successor provisions.

“Distribution Date”: The 25th day of any month, or if such 25th day is not a Business Day, the Business Day immediately following such 25th day, commencing in April 2007.

“Distribution Report” The Asset-Backed Issuer Distribution Report pursuant to Section 13 or 15(d) of the Exchange Act.

“Due Date”: With respect to each Mortgage Loan, the first day of the month of the related Distribution Date.

“Due Period”: With respect to any Distribution Date, the period commencing on the second day of the month preceding the month of such Distribution Date (or, with respect to the first Due Period, the day following the Cut-off Date) and ending on the first day of the month in which such Distribution Date occurs.

“Eligible Account”: Any of (i) a segregated account maintained with a federal or state chartered depository institution (A) the short-term obligations of which are rated A-1+ or better by Standard & Poor's and P-1 by Moody's at the time of any deposit therein or if such account is maintained with PNC Bank, National Association, rated no less than A-1 by Standard & Poor’s and no less than P-1 by Moody’s or (B) insured by the FDIC (to the limits established by such Corporation), the uninsured deposits in which account are otherwise secured such that, as evidenced by an Opinion of Counsel (obtained by the Person requesting that the account be held pursuant to this clause (ii)) delivered to the Trustee prior to the establishment of such account, the Certificateholders will have a claim with respect to the funds in such account and a perfected first priority security interest against any collateral (which shall be limited to Permitted Investments, each of which shall mature not later than the Business Day immediately preceding the Distribution Date next following the date of investment in such collateral or the Distribution Date if such Permitted Investment is an obligation of the institution that maintains the Certificate Account, Insurance Account or Custodial Account) securing such funds that is superior to claims of any other depositors or general creditors of the depository institution with which such account is maintained, (ii) a segregated trust account or accounts maintained with a federal or state chartered depository institution or trust company subject to regulations regarding fiduciary funds on deposit similar to Title 12 of the Code of Federal Regulations Section 9.10(b), which, in either case, has corporate trust powers, acting in its fiduciary capacity or (iii) a segregated account or accounts of a depository institution acceptable to the Rating Agencies (as evidenced in writing by the Rating Agencies that use of any such account as the Custodial Account or the Certificate Account will not have an adverse effect on the then-current ratings assigned to the Classes of the Certificates then rated by the Rating Agencies). Eligible Accounts may bear interest.

“Estimated Swap Termination Payment”: As defined in the Interest Rate Swap Agreement.

“Event of Default”: One or more of the events described in Section 7.01.

“Excess Proceeds”: As defined in Section 3.22.

“Excess Servicing Strip”: With respect to any Group 2 Loan that has not become a Specially Serviced Group 2 Loan, that portion of the related Sub-Servicing Fee computed at a rate equal to the excess of (a) 0.25% (25 basis points) per annum over (b) 0.14% (14 basis points) per annum. With respect to any Group 2 Loan that has become a Specially Serviced Group 2 Loan, that portion of the related Sub-Servicing Fee computed at a rate equal to the excess of (a) 0.75% (75 basis points) per annum over (b) 0.64% (64 basis points) per annum.

“Exchange Act”: The Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

“Extra Principal Distribution Amount”: With respect to any Distribution Date and Loan Group, the lesser of (x) the related Overcollateralization Deficiency Amount for such Distribution Date and (y) the sum of (1) the related Net Monthly Excess Cashflow Amount for such Distribution Date and (2) amounts available from the related Supplemental Interest Trust to pay principal as provided in Section 4.01(n)(iii) and 4.01(o)(ii), as applicable, hereof.

“Xxxxxx Xxx” Xxxxxx Xxx (formerly, Federal National Mortgage Association) or any successor thereto.

“FDIC”: Federal Deposit Insurance Corporation or any successor.

“Final Scheduled Distribution Date”: With respect to the Group 1 Certificates, the Distribution Date occurring in May 2037. With respect to the Class 2-A Certificates, the Distribution Date occurring in April 2037.

“Xxxxxxx Mac”: Federal Home Loan Mortgage Corporation or any successor.

“Gross Margin”: With respect to any Mortgage Loan, the percentage set forth as the “Gross Margin” for such Mortgage Loan on the Mortgage Loan Schedule, as adjusted from time to time in accordance with the terms of this Agreement.

“Group 1 Cap Contracts”: The interest rate cap agreements, dated as of March 29, 2007, between the Group 1 Cap Counterparty and Group 1 Supplemental Interest Trust Trustee, including any schedule, confirmations, credit support annex or other credit support document relating thereto, and attached hereto as Exhibit M-2.

“Group 1 Cap Counterparty”: The cap provider under the Group 1 Cap Contracts. Initially, the Group 1 Cap Counterparty shall be Bank of America, N.A.

“Group 1 Certificates”: The Class 1-A, Class 1-M and Class 1-B Certificates.

“Group 1 Class IO Distribution Amount”: As defined in Section 4.10 hereof. For purposes of clarity, the Group 1 Class IO Distribution Amount for any Distribution Date shall equal the amount payable to the Group I Supplemental Interest Trust with respect to the Group 1 Interest Rate Swap Agreement pursuant to the first and second sentences of Section 4.01(a) (sixth paragraph) on such Distribution Date in excess of the amount payable on the Class 1-IO Interest on such Distribution Date, all as further provided in Section 4.10 hereof.

“Group 1 Collateral Account”: Shall mean the segregated trust account created and maintained by the Group 1 Custodian pursuant to Section 4.14(i) hereof.

“Group 1 Credit Support Annexes”: Each of Credit Support Annex One, Credit Support Annex Three, and Credit Support Annex Four.

“Group 1 Custodian”: As defined in Section 4.14(i).

“Group 1 Cut-off Date Balance”: With respect to any Mortgage Loan in Loan Group 1, the Stated Principal Balance thereof as of the Cut-off Date.

“Group 1 Derivative Account”: As defined in Section 4.10(i).

“Group 1 Derivative Contract”: Any of the Group 1 Cap Contracts or the Group 1 Interest Rate Swap Agreement, as applicable.

“Group 1 Derivative Termination Payment”: Any termination payment due under a Group 1 Derivative Contract upon the early termination of such Group 1 Derivative Contract.

“Group 1 Estimated Swap Termination Payment”: As defined in the Group 1 Interest Rate Swap Agreement.

“Group 1 Interest Rate Swap Agreement”: The interest rate swap agreement, dated as of March 29, 2007, between the Group 1 Supplemental Interest Trust Trustee and the Swap Provider for the benefit of the Class 1-A, Class 1-M and Class 1-B Certificates, which agreement provides for Net Swap Payments and Swap Termination Payments to be paid, as provided therein, including any schedule, confirmations, credit support annex or other credit support document relating thereto, and attached hereto as Exhibit M-1.

“Group 1 Loans”: The Mortgage Loans in Loan Group 1.

“Group 1 Marker Rate”: With respect to the Class 1-C Certificates and any Distribution Date, a per annum rate equal to two (2) times the weighted average of the Uncertificated REMIC 3 Pass-Through Rates for each REMIC 3 Group 1 Regular Interest for which a Class 1-A, Class 1-M or Class 1-B Certificate is the Corresponding Certificate and REMIC 3 Regular Interest 1-ZZ, with the rate on each such REMIC 3 Group 1 Regular Interest (other than REMIC 3 Regular Interests 1-AM and 1-ZZ) subject to a cap equal to the least of (i) LIBOR plus the Certificate Margin for the Corresponding Certificate for such Distribution Date, (ii) 11.50% per annum and (iii) the Group 1 Net WAC Rate for the REMIC 4 Regular Interest the ownership of which is represented by the Corresponding Certificate for such Distribution Date for the purpose of this calculation, with the rate on REMIC 3 Regular Interest 1-AM subject to a cap equal to the least of (i) LIBOR plus the Certificate Margin for the Corresponding Certificate for such Distribution Date, (ii) 11.50% per annum and (iii) the Group 1 Net WAC Rate for the REMIC 4 Regular Interest, the ownership of which is represented by the Corresponding Certificate for such Distribution Date, in each case, plus the Policy Premium Rate for the Class 1-AM Certificates, for the purpose of this calculation, and with the rate on REMIC 3 Regular Interest 1-ZZ subject to a cap of zero for the purpose of this calculation; provided, however, that solely for this purpose, the related cap with respect to each such REMIC 3 Group 1 Regular Interest (other than REMIC 3 Regular Interest 1-ZZ) shall be multiplied by a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related Accrual Period.

“Group 1 Maximum Uncertificated Accrued Interest Deferral Amount”: With respect to any Distribution Date, the excess of (i) the sum of (x) accrued interest at the Uncertificated REMIC 3 Pass-Through Rate applicable to REMIC 3 Regular Interest 1-ZZ for such Distribution Date on a balance equal to the Uncertificated Principal Balance of REMIC 3 Regular Interest 1-ZZ minus the REMIC 3 Group 1 Overcollateralized Amount, in each case for such Distribution Date and (y) 1.00% of the accrued interest on REMIC 3 Regular Interest 1-P at the applicable Uncertificated REMIC 3 Pass-Through Rate for such Distribution Date, over (ii) the aggregate amount of Uncertificated Accrued Interest for such Distribution Date on the REMIC 3 Group 1 Regular Interests for which the Class 1-A, Class 1-M and Class 1-B Certificates are the Corresponding Certificates, with the rate on each such REMIC 3 Group 1 Regular Interest (other than REMIC 3 Regular Interest 1-AM) subject to a cap equal to the least of (i) LIBOR plus the Certificate Margin for the Corresponding Certificate for such Distribution Date, (ii) 11.50% per annum and (iii) the Group 1 Net WAC Rate for the REMIC 4 Regular Interest the ownership of which is represented by the Corresponding Certificate for such Distribution Date for the purpose of this calculation, and with the rate on REMIC 3 Regular Interest 1-AM subject to a cap equal to the least of (i) LIBOR plus the Certificate Margin for the Corresponding Certificate for such Distribution Date, (ii) 11.50% per annum and (iii) the Group 1 Net WAC Rate for the REMIC 4 Regular Interest the ownership of which is represented by the Corresponding Certificate for such Distribution Date, in each case, plus the Policy Premium Rate for the Class 1-AM Certificates, for the purpose of this calculation; provided, however, that solely for this purpose, the related cap with respect to each such REMIC 3 Group 1 Regular Interest shall be multiplied by a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related Accrual Period.

“Group 1 Net Mortgage Rate”: The weighted average of the Net Mortgage Rates of the Group 1 Loans weighted on the basis of the Stated Principal Balances of the Group 1 Loans as of the related Due Date (prior to giving effect to any reduction in the Stated Principal Balances of such Mortgage Loans on such Due Date).

“Group 1 Net Swap Payment”: With respect to each Distribution Date, the net payment required to be made pursuant to the terms of the Group 1 Interest Rate Swap Agreement by either the Group 1 Swap Provider or the Group 1 Supplemental Interest Trust, which net payment shall not take into account any Group 1 Swap Termination Payment.

“Group 1 Net WAC Rate”: With respect to the Class 1-A, Class 1-M and Class 1-B Certificates and any Distribution Date, a per annum rate equal to the excess, if any, of (A) a per annum rate equal to the Group 1 Net Mortgage Rate over (B) (1) the sum of (a) a per annum rate equal to the Net Swap Payment with respect to the Group 1 Interest Rate Swap Agreement payable to the Group 1 Swap Provider on such Distribution Date, divided by the outstanding Stated Principal Balance of the Group 1 Loans as of the first day of the calendar month preceding the month in which the Distribution Date occurs, multiplied by 12, and (b) a per annum rate equal to any Swap Termination Payment with respect to the Group 1 Interest Rate Swap Agreement not due to a Swap Provider Trigger Event payable to the Group 1 Swap Provider on such Distribution Date, divided by the outstanding Stated Principal Balance of the Group 1 Loans as of the first day of the calendar month preceding the month in which the Distribution Date occurs, multiplied by 12, and (2) in the case of the Class 1-AM Certificates, the Policy Premium Rate for the Class 1-AM Certificates. The Group 1 Net WAC Rate will be adjusted to an effective rate reflecting the accrual of interest on an actual/360 basis. With respect to any Distribution Date and the REMIC 4 Regular Interests the ownership of which is represented by the Class 1-A, Class 1-M and Class 1-B Certificates, a per annum rate equal to the weighted average (adjusted for the actual number of days elapsed in the related Accrual Period) of the Uncertificated REMIC 3 Pass-Through Rates on the REMIC 3 Group 1 Regular Interests (other than REMIC 3 Regular Interest 1-IO), weighted on the basis of the Uncertificated Principal Balances of each such REMIC 3 Group 1 Regular Interest immediately prior to such Distribution Date, minus, in the case of the REMIC 4 Regular Interests the ownership of which is represented by the Class 1-AM Certificates, the Policy Premium Rate for the Class 1-AM Certificates.

“Group 1 Net WAC Shortfall Reserve Fund”: A reserve fund established by the Trustee for the benefit of the Holders of the Group 1 Certificates and the Class 1-C Certficates, and funded on the Closing Date by or on behalf of the Depositor with an amount equal to the Group 1 Net WAC Shortfall Reserve Fund Deposit. The Group 1 Net WAC Shortfall Reserve Fund is an “outside reserve fund” within the meaning of Treasury regulation Section 1.860G-2(h), which is not an asset of any REMIC, the ownership of which is evidenced by the Class 1-C Certificates, and which is established and maintained pursuant to Section 4.08.

“Group 1 Net WAC Shortfall Reserve Fund Deposit”: With respect to the Group 1 Net WAC Shortfall Reserve Fund, an amount equal to $5,000, which the Depositor shall fund initially pursuant to Section 4.08 hereof.

“Group 1 Optional Termination”: As defined in Section 9.01(b) of this Agreement.

“Group 1 Overcollateralization Deficiency Amount”: With respect to any Distribution Date, the amount, if any, by which the Group 1 Overcollateralization Target Amount exceeds the Group 1 Overcollateralized Amount on such Distribution Date (after giving effect to distributions in respect of the related Basic Principal Distribution Amount on such Distribution Date).

“Group 1 Overcollateralization Floor”: With respect to any Distribution Date, 0.50% of the Group 1 Cut-off Date Balance.

“Group 1 Overcollateralization Release Amount”: With respect to any Distribution Date, the lesser of (x) the related Principal Remittance Amount for such Distribution Date and (y) the excess, if any, of (i) the Group 1 Overcollateralized Amount for such Distribution Date (assuming that 100% of the related Principal Remittance Amount is applied as a principal payment on such Distribution Date) over (ii) the Group 1 Overcollateralization Target Amount for such Distribution Date.

“Group 1 Overcollateralization Target Amount”: With respect to any Distribution Date prior to the Group 1 Stepdown Date, 1.15% of the Group 1 Cut-off Date Balance. With respect to any Distribution Date on or after the Group 1 Stepdown Date, the greater of (x) 2.30% of the aggregate Stated Principal Balance of the Group 1 Loans and (y) the Group 1 Overcollateralization Floor; provided, however, that if a Group 1 Trigger Event is in effect on any Distribution Date, the Group 1 Overcollateralization Target Amount will be equal to the Group 1 Overcollateralization Target Amount on the prior Distribution Date.

“Group 1 Overcollateralized Amount”: For any Distribution Date, the amount, if any, by which (i) the aggregate Stated Principal Balance of the related mortgage loans (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, unscheduled collections of principal received during the related Prepayment Period and any Realized Losses on the mortgage loans during the related Prepayment Period), exceeds (ii) the aggregate Certificate Principal Balance of the Class 1-A, Class 1-M, Class 1-B and the Class 1-P Certificates as of such Distribution Date (after giving effect to distributions in respect of the related Principal Remittance Amount to be made on such Distribution Date).

“Group 1 Schedule”: The ISDA schedule, dated as of March 29, 2007, between the Group 1 Supplemental Interest Trust Trustee and Bank of America, N.A.

“Group 1 Stepdown Date”: The earlier of (i) the first Distribution Date after the Distribution Date on which the aggregate Certificate Principal Balance of the Class 1-A Certificates have been reduced to zero and (ii) the later to occur of (x) the Distribution Date occurring in April 2010 and (y) the first Distribution Date on which the aggregate Certificate Principal Balance of the Class 1-A Certificates (calculated, for this purpose only, prior to any distribution of principal to the holders of the related certificates) is less than or equal to 86.10% of the aggregate principal balance of the Group 1 Loans, calculated after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period.

“Group 1 Step-Up Date”: The first Distribution Date following the first month in which the aggregate unpaid principal balance of the Group 1 Loans, and properties acquired in respect thereof, remaining in the trust has been reduced to less than or equal to 10% of the aggregate Group 1 Cut-off Date Balance.

“Group 1 Subordinate Class Principal Distribution Amount”: For any class of Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7, Class 1-M-8 and Class 1-B Certificates and any Distribution Date, the excess of (1) the sum of (a) the aggregate Certificate Principal Balance of the Class 1-A Certificates (after taking into account distribution of the Class 1-A Principal Distribution Amount for such Distribution Date), (b) the aggregate Certificate Principal Balance of any class(es) of Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7 and Class 1-M-8 that are senior to the subject class (in each case, after taking into account distribution of the Group 1 Subordinate Class Principal Distribution Amount(s) for such more senior class(es) of Certificates for such Distribution Date) and (c) the Certificate Principal Balance of the subject class of Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7, Class 1-M-8 and Class 1-B Certificates immediately prior to such Distribution Date over (2) the lesser of (a) the product of (x) 100% minus the Stepdown Target Subordination Percentage for the subject class of Certificates and (y) the aggregate Stated Principal Balance of the Group 1 Loans for such Distribution Date and (b) the aggregate Stated Principal Balance of the Group 1 Loans for such Distribution Date minus the Group 1 Overcollateralization Floor; provided, however, that if such class of Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7, Class 1-M-8 or Class 1-B Certificates is the only class of Group 1 Subordinate Certificates outstanding on such Distribution Date, that class will be entitled to receive the entire remaining related Principal Distribution Amount until the Certificate Principal Balance thereof is reduced to zero.

“Group 1 Supplemental Interest Trust”: The corpus of a trust created pursuant to Section 4.10 of this Agreement and designated as the “Group 1 Supplemental Interest Trust,” consisting of the Group 1 Interest Rate Swap Agreement, the Group 1 Derivative Account, the Group 1 Cap Contracts and the Class 1-IO Interest. For the avoidance of doubt, the Group 1 Supplemental Interest Trust does not constitute a part of the Trust Fund.

“Group 1 Supplemental Interest Trust Trustee”: Deutsche Bank National Trust Company, or its successor in interest, or any successor trustee appointed as herein provided.

“Group 1 Swap Optional Termination Payment”: As defined in Section 9.01(b) hereof.

“Group 1 Swap Provider”: The swap provider under the Group 1 Interest Rate Swap Agreement either (a) entitled to receive payments from the Group 1 Supplemental Interest Trust from amounts payable by the Trust Fund with respect to the Mortgage Loans under this Agreement or (b) required to make payments to the Group 1 Supplemental Interest Trust for payment to the Trust Fund with respect to the Mortgage Loans, in either case pursuant to the terms of the Group 1 Interest Rate Swap Agreement, and any successor in interest or assign. Initially, the Group 1 Swap Provider shall be Bank of America, N.A.

“Group 1 Trigger Event”: A Group 1 Trigger Event is in effect with respect to any Distribution Date with respect to the Group 1 Loans if:

(1) the average three-month rolling percentage obtained by dividing (x) Aggregate Stated Principal Balance of the Group 1 Loans that are 60 or more days Delinquent (including for this purpose any such mortgage loans in foreclosure, Mortgage Loans with respect to which the related Mortgaged Property has been acquired by the trust, and Mortgage Loans discharged due to bankruptcy) by (y) the Aggregate Stated Principal Balance of the Mortgage Loans, in each case, as of the last day of the previous calendar month, exceeds 43.00% multiplied by the related Credit Enhancement Percentage; or

(2) the cumulative amount of Realized Losses incurred on the Group 1 Loans from the Cut-off Date through the end of the calendar month immediately preceding such Distribution Date divided by the Group 1 Cut-off Date Balance exceeds (i) 0.25% with respect to the Distribution Date occurring in April 2009, plus an additional 1/12th of 0.40% for each month thereafter up to and including the Distribution Date in March 2010, (ii) 0.65% with respect to the Distribution Date occurring in April 2010, plus an additional 1/12th of 0.45% for each month thereafter up to and including the Distribution Date in March 2011, (iii) 1.10% with respect to the Distribution Date occurring in April 2011, plus an additional 1/12th of 0.45% for each month thereafter up to and including the Distribution Date in March 2012, (iv) 1.55% with respect to any Distribution Date occurring in April 2012, plus an additional 1/12th of 0.30% for each month thereafter up to and including the Distribution Date in March 2013 and (v) 1.85% with respect to any Distribution Date occurring in April 2013 and thereafter.

For purposes of the foregoing calculation, a Mortgage Loan is considered “60 days” Delinquent if a payment due on the first day of a month has not been received by the second day of the second following month.

“Group 2 Cap Contract”: The interest rate cap agreement, dated as of March 29, 2007, between the Group 2 Cap Counterparty and Group 2 Supplemental Interest Trust Trustee, including any schedule, confirmations, credit support annex or other credit support document relating thereto, and attached hereto as Exhibit M-2.

“Group 2 Cap Counterparty”: The cap provider under the Group 2 Cap Contract. Initially, the Group 2 Cap Counterparty shall be Bank of America, N.A.

“Group 2 Class IO Distribution Amount”: As defined in Section 4.11 hereof. For purposes of clarity, the Group 2 Class IO Distribution Amount for any Distribution Date shall equal the amount payable to the Group 2 Supplemental Interest Trust with respect to the Group 2 Interest Rate Swap Agreement pursuant to the first and second sentences of Section 4.01(a) (sixth paragraph) on such Distribution Date in excess of the amount payable on the Class 2-IO Interest on such Distribution Date, all as further provided in Section 4.11 hereof.

“Group 2 Collateral Account”: Shall mean the segregated trust account created and maintained by Group 2 Custodian pursuant to Section 4.14(ii) hereof.

“Group 2 Credit Support Annexes”: Each of Credit Support Annex Two and Credit Support Annex Five.

“Group 2 Custodian”: As defined in Section 4.14(ii).

“Group 2 Cut-off Date Balance”: With respect to any Mortgage Loan in Loan Group 2, the Stated Principal Balance thereof as of the Cut-off Date.

“Group 2 Derivative Account”: As defined in Section 4.11(i).

“Group 2 Derivative Contract”: Any of the Group 2 Cap Contract or the Group 2 Interest Rate Swap Agreement, as applicable.

“Group 2 Derivative Termination Payment”: Any termination payment due under a Group 2 Derivative Contract upon the early termination of such Group 2 Derivative Contract.

“Group 2 Estimated Swap Termination Payment”: As defined in the Group 2 Interest Rate Swap Agreement.

“Group 2 Marker Rate”: With respect to the Class 2-C Certificates and any Distribution Date, a per annum rate equal to two (2) times the weighted average of the Uncertificated REMIC 3 Pass-Through Rates for REMIC 3 Regular Interest 2-A and REMIC 3 Regular Interest 2-ZZ, with the rate on REMIC 3 Regular Interest 2-A subject to a cap equal to the least of (i) LIBOR plus the Certificate Margin for the Corresponding Certificate for such Distribution Date, (ii) 11.50% per annum and (iii) the Group 2 Net WAC Rate for the REMIC 4 Regular Interest the ownership of which is represented by the Corresponding Certificate for such Distribution Date, in each case, plus the Policy Premium Rate for the Class 2-A Certificates, for the purpose of this calculation, and with the rate on REMIC 3 Regular Interest 2-ZZ subject to a cap of zero for the purpose of this calculation; provided, however, that solely for this purpose, the related cap with respect to REMIC 3 Regular Interest 2-A shall be multiplied by a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related Accrual Period.

“Group 2 Maximum Uncertificated Accrued Interest Deferral Amount”: With respect to any Distribution Date, the excess of (i) the sum of (x) accrued interest at the Uncertificated REMIC 3 Pass-Through Rate applicable to REMIC 3 Regular Interest 2-ZZ for such Distribution Date on a balance equal to the Uncertificated Principal Balance of REMIC 3 Regular Interest 2-ZZ minus the REMIC 3 Group 2 Overcollateralized Amount, in each case for such Distribution Date and (y) 1.00% of the accrued interest on REMIC 3 Regular Interest 2-P at the applicable Uncertificated REMIC 3 Pass-Through Rate for such Distribution Date, over (ii) the aggregate amount of Uncertificated Accrued Interest for such Distribution Date on REMIC 3 Regular Interest 2-A, with the rate on such REMIC 3 Regular Interest subject to a cap equal to the least of (i) LIBOR plus the Certificate Margin for the Corresponding Certificate for such Distribution Date, (ii) 11.50% per annum and (iii) the Group 2 Net WAC Rate for the REMIC 4 Regular Interest the ownership of which is represented by the Corresponding Certificate for such Distribution Date, in each case, plus the Policy Premium Rate for the Class 2-A Certificates, for the purpose of this calculation; provided, however, that solely for this purpose, the related cap with respect to REMIC 3 Regular Interest 2-A shall be multiplied by a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related Accrual Period.

“Group 2 Interest Rate Swap Agreement”: The interest rate swap agreement, dated as of March 29, 2007, between the Group 2 Supplemental Interest Trust Trustee and the Swap Provider for the benefit of the Class 2-A Certificates, which agreement provides for Net Swap Payments and Swap Termination Payments to be paid, as provided therein, including any schedule, confirmations, credit support annex or other credit support document relating thereto, and attached hereto as Exhibit M-1.

“Group 2 Loans”: The Mortgage Loans in Loan Group 2.

“Group 2 Net Mortgage Rate”: The weighted average of the Net Mortgage Rates of the Group 2 Loans weighted on the basis of the Stated Principal Balances of the Group 2 Loans as of the related Due Date (prior to giving effect to any reduction in the Stated Principal Balances of such Mortgage Loans on such due date).

“Group 2 Net Swap Payment”: With respect to each Distribution Date, the net payment required to be made pursuant to the terms of the Group 2 Interest Rate Swap Agreement by either the Group 2 Swap Provider or the Group 2 Supplemental Interest Trust, which net payment shall not take into account any Group 2 Swap Termination Payment.

“Group 2 Net WAC Rate”: With respect to the Class 2-A Certificates and any Distribution Date, a per annum rate equal to the excess, if any, of (A) a per annum rate equal to the Group 2 Net Mortgage Rate over (B) the sum of (1) the sum of (a) a per annum rate equal to the Net Swap Payment with respect to the Group 2 Interest Rate Swap Agreement payable to the Group 2 Swap Provider on such Distribution Date, divided by the outstanding Stated Principal Balance of the Group 2 Loans as of the first day of the calendar month preceding the month in which the Distribution Date occurs, multiplied by 12, and (b) a per annum rate equal to any Swap Termination Payment with respect to the Group 2 Interest Rate Swap Agreement not due to a Swap Provider Trigger Event payable to the Group 2 Swap Provider on such Distribution Date, divided by the outstanding Stated Principal Balance of the Group 2 Loans as of the first day of the calendar month preceding the month in which the Distribution Date occurs, multiplied by 12, and (2) the Policy Premium Rate for the Class 2-A Certificates. The Group 2 Net WAC Rate will be adjusted to an effective rate reflecting the accrual of interest on an actual/360 basis. With respect to any Distribution Date and the REMIC 4 Regular Interests the ownership of which is represented by the Class 2-A Certificates, a per annum rate equal to the weighted average (adjusted for the actual number of days elapsed in the related Accrual Period) of the Uncertificated REMIC 3 Pass-Through Rates on the REMIC 3 Group 2 Regular Interests (other than REMIC 3 Regular Interest 2-IO), weighted on the basis of the Uncertificated Principal Balances of each such REMIC 3 Group 2 Regular Interest immediately prior to such Distribution Date, minus the Policy Premium Rate for the Class 2-A Certificates.

“Group 2 Net WAC Shortfall Reserve Fund”: A reserve fund established by the Trustee for the benefit of the Holders of the Class 2-A Certificates and the Class 2-C Certificates, and funded on the Closing Date by or on behalf of the Depositor with an amount equal to the Group 2 Net WAC Shortfall Reserve Fund Deposit. The Group 2 Net WAC Shortfall Reserve Fund is an “outside reserve fund” within the meaning of Treasury regulation Section 1.860G-2(h), which is not an asset of any REMIC, the ownership of which is evidenced by the Class 2-C Certificates, and which is established and maintained pursuant to Section 4.09.

“Group 2 Net WAC Shortfall Reserve Fund Deposit”: With respect to the Group 2 Net WAC Shortfall Reserve Fund, an amount equal to $5,000, which the Depositor shall fund initially pursuant to Section 4.09 hereof.

“Group 2 Optional Termination”: As defined in Section 9.01(g) of this Agreement.

“Group 2 Overcollateralization Deficiency Amount”: With respect to any Distribution Date, the amount, if any, by which the Group 2 Overcollateralization Target Amount exceeds the Group 2 Overcollateralized Amount on such Distribution Date (after giving effect to distributions in respect of the related Basic Principal Distribution Amount on such Distribution Date).

“Group 2 Overcollateralization Floor”: With respect to any Distribution Date, the greater of (x) 0.50% of the Group 2 Cut-off Date Balance and (y) two times the Stated Principal Balance of the Group 2 Loan with the largest outstanding Stated Principal Balance as of the end of the related Prepayment Period.

“Group 2 Overcollateralization Release Amount”: With respect to any Distribution Date, the lesser of (x) the related Principal Remittance Amount for such Distribution Date and (y) the excess, if any, of (i) the Group 2 Overcollateralized Amount for such Distribution Date (assuming that 100% of the related Principal Remittance Amount is applied as a principal payment on such Distribution Date) over (ii) the Group 2 Overcollateralization Target Amount for such Distribution Date.

“Group 2 Overcollateralization Target Amount”: With respect to any Distribution Date prior to the Group 2 Stepdown Date, 6.25% of the Group 2 Cut-off Date Balance. With respect to any Distribution Date on or after the Group 2 Stepdown Date, the greater of (x) 12.50% of the aggregate Stated Principal Balance of the Group 2 Loans and (y) the Group 2 Overcollateralization Floor; provided, however, that if a Group 2 Trigger Event is in effect on any Distribution Date, the Group 2 Overcollateralization Target Amount will be equal to the Group 2 Overcollateralization Target Amount on the prior Distribution Date.

“Group 2 Overcollateralized Amount”: For any Distribution Date, the amount, if any, by which (i) the aggregate principal balance of the related mortgage loans (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, unscheduled collections of principal received during the related Prepayment Period and any Realized Losses on the Mortgage Loans during the related Prepayment Period), exceeds (ii) the aggregate Certificate Principal Balance of the Class 2-A Certificates and the Class 2-P Certificates as of such Distribution Date (after giving effect to distributions in respect of the related Principal Remittance Amount to be made on such Distribution Date).

“Group 2 Schedule”: The ISDA schedule, dated as of March 29, 2007, between the Group 2 Supplemental Interest Trust Trustee and Bank of America, N.A.

“Group 2 Stepdown Date”: The later to occur of (x) the Distribution Date occurring in April 2014 and (y) the first Distribution Date on which the aggregate Certificate Principal Balance of the Class 2-A Certificates (calculated, for this purpose only, prior to any distribution of principal to the holders of the certificates) is less than or equal to 87.50% of the aggregate principal balance of the Group 2 Loans, calculated after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period.

“Group 2 Step-Up Date”: The first Distribution Date following the first month in which the aggregate unpaid principal balance of the Group 2 Loans, and properties acquired in respect thereof, remaining in the trust has been reduced to less than or equal to 10% of the aggregate Group 2 Cut-off Date Balance.

“Group 2 Supplemental Interest Trust”: The corpus of a trust created pursuant to Section 4.11 of this Agreement and designated as the “Group 2 Supplemental Interest Trust,” consisting of the Group 2 Interest Rate Swap Agreement, the Group 2 Derivative Account, the Group 2 Cap Contract and the Class 2-IO Interest. For the avoidance of doubt, the Group 2 Supplemental Interest Trust does not constitute a part of the Trust Fund.

“Group 2 Supplemental Interest Trust Trustee”: Deutsche Bank National Trust Company, or its successor in interest, or any successor trustee appointed as herein provided.

“Group 2 Swap Optional Termination Payment”: As defined in Section 9.01(f) hereof.

“Group 2 Swap Provider”: The swap provider under the Group 2 Interest Rate Swap Agreement either (a) entitled to receive payments from the Group 2 Supplemental Interest Trust from amounts payable by the Trust Fund with respect to the Mortgage Loans under this Agreement or (b) required to make payments to the Group 2 Supplemental Interest Trust for payment to the Trust Fund with respect to the Group 2 Mortgage Loans, in either case pursuant to the terms of the Group 2 Interest Rate Swap Agreement, and any successor in interest or assign. Initially, the Group 2 Swap Provider shall be Bank of America, N.A.

“Group 2 Trigger Event”: A Group 2 Trigger Event is in effect with respect to any Distribution Date with respect to the Group 2 Loans if:

(1) the three month average of the aggregate principal balance of Group 2 Loans that are 60 or more days Delinquent (including for this purpose any such Mortgage Loans in bankruptcy or foreclosure and Mortgage Loans with respect to which the related mortgaged property has been acquired by the trust) as of the close of business on the last day of the preceding calendar month exceeds in the case of any Distribution Date prior to the April 2018 Distribution Date, 10.00%, and in the case of any Distribution Date on or after the April 2018 Distribution Date, 12.00% of the aggregate Stated Principal Balance of the Group 2 Loans;

(2) the cumulative amount of Realized Losses incurred on the Group 2 Loans from the Cut-off Date through the end of the calendar month immediately preceding such Distribution Date divided by the Group 2 Cut-off Date Balance exceeds (i) 4.75% with respect to the Distribution Date occurring in April 2014, plus an additional 1/12th of 1.25% for each month thereafter up to and including the Distribution Date in March 2015, (ii) 6.00% with respect to the Distribution Date occurring in April 2015, plus an additional 1/12th of 0.35% for each month thereafter up to and including the Distribution Date in March 2016, (iii) 6.35% with respect to the Distribution Date occurring in April 2016, plus an additional 1/12th of 0.15% for each month thereafter up to and including the Distribution Date in March 2017 and (iv) 6.50% with respect to any Distribution Date occurring in April 2017 and thereafter.

For purposes of the foregoing calculation, a mortgage loan is considered “60 days” Delinquent if a payment due on the first day of a month has not been received by the second day of the second following month.

“Index”: With respect to any Mortgage Loan, the index for the adjustment of the Mortgage Rate set forth as such on the related Mortgage Note.

“Initial Certificate Principal Balance”: With respect to each Class of Regular Certificates, the Initial Certificate Principal Balance of such Class of Certificates as set forth in the Preliminary Statement hereto, or with respect to any single Certificate, the Initial Certificate Principal Balance as stated on the face thereof.

“Initial Notional Amount”: With respect to the Class C Certificates, an amount equal to the Notional Balance of the Class C Certificates, or with respect to any single Certificate, the Initial Notional Amount as stated on the face thereof.

“Insurance Account”: The segregated, non-interest bearing trust account created and maintained pursuant to Section 4.12(b) of this Agreement. The Insurance Account shall be an Eligible Account.

“Insurance Agreement”: The Insurance and Indemnity Agreement, dated as of March 29, 2007, among the Certificate Insurer, the Depositor, the Sponsor, the Master Servicer, the Trustee and Impac Mortgage Holdings, Inc., in regard to the Class 1-AM Certificates and Class 2-A Certificates, as such agreement may be amended, modified or supplemented from time to time.

“Insurance Policy”: With respect to any Mortgage Loan, any insurance policy (including a PMI Insurer Policy) which is required to be maintained from time to time under this Agreement in respect of such Mortgage Loan.

“Insurance Proceeds”: Proceeds paid in respect of the Mortgage Loans pursuant to any Primary Hazard Insurance Policy, any title insurance policy or any other insurance policy covering a Mortgage Loan, to the extent such proceeds are not applied to the restoration of the related Mortgaged Property or released to the Mortgagor in accordance with the procedures that the Master Servicer would follow in servicing mortgage loans held for its own account.

“Insured Amounts”: Shall mean (1) with respect to any Distribution Date, any Deficiency Amount plus any Preference Amount and (2) with respect to the Final Scheduled Distribution Date, the Deficiency Amount for the Final Scheduled Distribution Date.

“Insurer Default”: An insurer default will occur in the event the Certificate Insurer fails to make a payment under the Certificate Guaranty Insurance Policy or if certain events of bankruptcy or insolvency occur with respect to the Certificate Insurer.

“Interest Rate Swap Agreement”: The Group 1 Interest Rate Swap Agreement or the Group 2 Interest Rate Swap Agreement.

“Interest Remittance Amount”: With respect to any Distribution Date and each Loan Group, that portion of the Available Distribution Amount for such Distribution Date that represents interest received or advanced with respect to the related Mortgage Loans.

“Interest Reserve Fund Amount”: The Class 1-M-4 Interest Reserve Fund Amount, Class 1-M-5 Interest Reserve Fund Amount, Class 1-M-6 Interest Reserve Fund Amount and Class 1-M-7 Interest Reserve Fund Amount, as applicable.

“Late Collections”: With respect to any Mortgage Loan, all amounts received during any Due Period, whether as late payments of Monthly Payments or as Insurance Proceeds, Liquidation Proceeds or otherwise, which represent late payments or collections of Monthly Payments due but Delinquent for a previous Due Period and not previously recovered.

“LIBOR”: With respect to any Distribution Date and the Pass-Through Rates on the Class A Certificates and Subordinate Certificates, the arithmetic mean of the London interbank offered rate quotations of reference banks (which will be selected by the Trustee after consultation with the Master Servicer) for one-month U.S. dollar deposits, expressed on a per annum basis, determined in accordance with Section 1.02.

“LIBOR Business Day”: Any day other than (i) Saturday or Sunday or (ii) a day on which banking institutions in the city of London, England and New York City are required or authorized by law to be closed.

“LIBOR Rate Adjustment Date”: With respect to each Distribution Date, the second LIBOR Business Day immediately preceding the commencement of the related Accrual Period.

“Liquidated Mortgage Loan”: As to any Distribution Date, any Mortgage Loan in respect of which the Master Servicer has determined, in accordance with the servicing procedures specified herein, as of the end of the related Prepayment Period, that all Liquidation Proceeds which it expects to recover with respect to the liquidation of the Mortgage Loan or disposition of the related REO Property have been recovered.

“Liquidation Proceeds”: Amounts (other than Insurance Proceeds) received by the Master Servicer in connection with the taking of an entire Mortgaged Property by exercise of the power of eminent domain or condemnation or in connection with the liquidation of a defaulted Mortgage Loan through trustee’s sale, foreclosure sale or otherwise, other than amounts received in respect of any REO Property.

“Loan-to-Value Ratio”: As of any date, the fraction, expressed as a percentage, the numerator of which is the current principal balance of the related Mortgage Loan at the date of determination and the denominator of which is the Collateral Value of the related Mortgaged Property.

“Loan Group”: Any of Loan Group 1 or Loan Group 2.

“Loan Group 1”: The group 1 loans.

“Loan Group 2”: The group 2 loans.

“Lost Note Affidavit”: With respect to any Mortgage Note, an original lost note affidavit from the Sponsor stating that the original Mortgage Note was lost, misplaced or destroyed, together with a copy of the related Mortgage Note.

“Majority Class C Certificateholder”: The holder of a 50.01% or greater Percentage Interest of the Class C Certificates.

“Master Servicer”: Impac Funding Corporation, or any successor master servicer appointed as herein provided.

“Master Servicer Prepayment Charge Payment Amount”: The amounts payable by the Master Servicer in respect of any waived Prepayment Charges pursuant to Section 2.03, and any amount paid to the Trust Fund by any Person to remedy any breach of any representation, warranty or covenant made with respect to the Prepayment Charges to the extent the Trust Fund, as assignee, is the beneficiary of such representation, warranty or covenant.

“Master Servicing Fees”: With respect to each Mortgage Loan, an amount, payable out of any payment of interest on the Mortgage Loan, equal to interest at the Master Servicing Fee Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in the calendar month preceding the month in which the payment of the Master Servicing Fee is due (alternatively, in the event such payment of interest accompanies a Principal Prepayment in part or in full made by the Mortgagor, interest for the number of days covered by such payment of interest). The Master Servicing Fee consists of servicing compensation payable to the Master Servicer in respect of its master servicing responsibilities.

“Master Servicing Fee Rate”: With respect to each Mortgage Loan, the per annum rate of 0.030%.

“MERS”: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.

“MERS® System”: The system of recording transfers of Mortgages electronically maintained by MERS.

“Midland”: Midland Loan Services, Inc., or its successor in interest.

“MIN”: The Mortgage Identification Number for Mortgage Loans registered with MERS on the MERS® System.

“MOM Loan”: With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

“Monthly Interest Distributable Amount”: For any Distribution Date and each class of Offered Certificates, Class 1-B Certificates, Class C Certificates and Class IO Interests, the amount of interest accrued during the related Accrual Period at the related Pass-Through Rate on the Certificate Principal Balances or Notional Balances or Uncertificated Notional Amounts of such Certificates or interests immediately prior to such Distribution Date, in each case, reduced by any Net Prepayment Interest Shortfalls to the extent not covered by Compensating Interest payable by the Sub-Servicer or Master Servicer and any shortfalls resulting from the application of the Relief Act (in each case to the extent allocated to such class of Certificates or interests as set forth in Section 1.03). The Monthly Interest Distributable Amount on the Offered Certificates and Class 1-B Certificates will be calculated on the basis of the actual number of days in the related Accrual Period and a 360-day year.

“Monthly Payment”: With respect to any Mortgage Loan, the scheduled monthly payment of principal and interest on such Mortgage Loan which is payable by a Mortgagor from time to time under the related Mortgage Note as originally executed (after adjustment, if any, for Deficient Valuations occurring prior to such Due Date, and after any adjustment by reason of any bankruptcy or similar proceeding or any moratorium or similar waiver or grace period).

“Moody's”: Xxxxx'x Investors Service, Inc., or its successor in interest.

“Mortgage”: The mortgage, deed of trust or any other instrument securing the Mortgage Loan.

“Mortgage File”: The mortgage documents listed in Section 2.01 pertaining to a particular Mortgage Loan and any additional documents required to be added to the Mortgage File pursuant to this Agreement and the Custodial Agreement; provided, that whenever the term “Mortgage File” is used to refer to documents actually received by the Custodian, such term shall not be deemed to include such additional documents required to be added unless they are actually so added.

“Mortgage Loan”: Each of the mortgage loans, transferred and assigned to the Trustee pursuant to Section 2.01, 2.04 or 2.06 and from time to time held in the Trust Fund (including any Qualified Substitute Mortgage Loans), the mortgage loans so transferred, assigned and held being identified in the Mortgage Loan Schedule. As used herein, the term “Mortgage Loan” includes the related Mortgage Note and Mortgage.

“Mortgage Loan Purchase Agreement”: The Mortgage Loan Purchase Agreement dated as of March 29, 2007, among Impac Funding Corporation, as sponsor, Impac Mortgage Holdings, Inc. and the Depositor as purchaser, and all amendments thereof and supplements thereto.

“Mortgage Loan Schedule”: As of any date of determination, the schedule of Mortgage Loans included in the Trust Fund. The schedule of Mortgage Loans with accompanying information transferred on the Closing Date to the Trustee as part of the Trust Fund for the Certificates, attached hereto as Exhibit H, which list shall set forth the following information with respect to each Mortgage Loan:

(i) [reserved];

(ii) the city, state and zip code of the Mortgaged Property;

(iii) the original term to maturity;

(iv) the original principal balance and the original Mortgage Rate;

(v) the first payment date;

(vi) the applicable Loan Group;

(vii) the type of Mortgaged Property;

(viii) the Monthly Payment in effect as of the Cut-off Date;

(ix) the principal balance as of the Cut-off Date;

(x) the Mortgage Rate as of the Cut-off Date;

(xi) the occupancy status;

(xii) the purpose of the Mortgage Loan;

(xiii) the Collateral Value of the Mortgaged Property;

(xiv) the remaining term to maturity;

(xv) the paid-through date of the Mortgage Loan;

(xvi) the Master Servicing Fee Rate;

(xvii) the Sub-Servicing Fee Rate;

(xviii) the Net Mortgage Rate for the Mortgage Loan;

(xix) whether such Mortgage Loan is a PMI Mortgage Loan and, if so, the related PMI Insurer Fee Rate;

(xx) whether the Mortgage Loan is covered by a private mortgage insurance policy or an original certificate of private mortgage insurance;

(xxi) the documentation type;

(xxii) the type and term of the related Prepayment Charge, if any;

(xxiii) the Index and the Gross Margin; and

(xxiv) the Adjustment Date frequency and Distribution Date frequency.

The Mortgage Loan Schedule may be in the form of more than one schedule, collectively setting forth all of the information required.

“Mortgage Note”: The note or other evidence of the indebtedness of a Mortgagor under a Mortgage Loan.

“Mortgage Rate”: With respect to any Mortgage Loan, the annual rate at which interest accrues on such Mortgage Loan in the absence of default, as adjusted from time to time in accordance with the provisions of the Mortgage Note.

“Mortgaged Property”: The underlying property securing a Mortgage Loan.

“Mortgagor”: The obligor or obligors on a Mortgage Note.

“Net Liquidation Proceeds”: With respect to any Liquidated Mortgage Loan or any other disposition of related Mortgaged Property (including REO Property) the related Liquidation Proceeds net of Advances, Servicing Advances, Master Servicing Fees, Sub-Servicing Fees and any other accrued and unpaid servicing fees received and retained in connection with the liquidation of such Mortgage Loan or Mortgaged Property.

“Net Monthly Excess Cashflow”: For any Distribution Date and any Loan Group, the sum of (a) any related Overcollateralization Release Amount and (b) the excess of (x) the related Interest Remittance Amount for such Distribution Date over (y) the aggregate Monthly Interest Distributable Amount for the related Offered Certificates and Class 1-B Certificates for such Distribution Date.

“Net Mortgage Rate”: With respect to each Mortgage Loan Due Date, the then applicable Mortgage Rate thereon minus the sum of (1) the Master Servicing Fee Rate, (2) the Sub-Servicing Fee Rate and (3) the related PMI Insurer Fee Rate, if such Mortgage Loan is a PMI Mortgage Loan.

“Net Prepayment Interest Shortfall”: With respect to any Distribution Date, the excess, if any, of any Prepayment Interest Shortfalls for such date over the related Compensating Interest.

“Net Swap Payment”: Any of the Group 1 Net Swap Payment or Group 2 Net Swap Payment, as applicable.

“Net WAC Rate”: With respect to the Class 1-A, Class 1-M and Class 1-B Certificates, the Group 1 Net WAC Rate. With respect to the Class 2-A Certificates, the Group 2 Net WAC Rate.

“Net WAC Shortfall Amount”: With respect to the Offered Certificates, the Class 1-B Certificates and any Distribution Date, the sum of (i) the excess, if any, of (a) the amount of interest such Offered Certificates or Class 1-B Certificates would have been entitled to receive on such Distribution Date at the related Pass-Through Rate without regard to the applicable Net WAC Rate over (b) the amount of interest accrued on such Certificates at such Net WAC Rate, plus (ii) the related Net WAC Shortfall Amount from the prior Distribution Date not previously reimbursed together with interest thereon at the related Pass-Through Rate for the most recently ended Accrual Period.

“Net WAC Shortfall Reserve Fund”: Any of the Group 1 Net WAC Shortfall Reserve Fund or the Group 2 Net WAC Shortfall Reserve Fund.

“Nonrecoverable Advance”: Any Servicing Advance previously made or proposed to be made in respect of a Mortgage Loan which, in the good faith judgment of the Master Servicer, will not or, in the case of a proposed Servicing Advance, would not be ultimately recoverable from related Late Collections, Insurance Proceeds, Liquidation Proceeds or REO Proceeds. The determination by the Master Servicer that it has made a Nonrecoverable Advance or that any proposed Advance or Servicing Advance would constitute a Nonrecoverable Advance, shall be evidenced by a certificate of a Servicing Officer delivered to the Depositor and the Trustee.

“Non-United States Person”: Any Person other than a United States Person.

“Notional Balance”: With respect to the Class 1-C Certificates and any Distribution Date, an amount equal to the Stated Principal Balance of the Group 1 Loans as of the related Due Date, minus the Certificate Principal Balance of the Class 1-P Certificates. For federal income tax purposes, the Notional Balance of the Class 1-C Certificates for any Distribution Date shall be an amount equal to the aggregate Uncertificated Principal Balance of the REMIC 3 Group 1 Regular Interests, other than REMIC 3 Regular Interest 1-P, for such Distribution Date. With respect to the Class 2-C Certificates and any Distribution Date, an amount equal to the Stated Principal Balance of the Group 2 Loans as of the related Due Date, minus the Certificate Principal Balance of the Class 2-P Certificates. For federal income tax purposes, the Notional Balance of the Class 2-C Certificates for any Distribution Date shall be an amount equal to the aggregate Uncertificated Principal Balance of the REMIC 3 Group 2 Regular Interests, other than REMIC 3 Regular Interest 2-P, for such Distribution Date.

“Officers’ Certificate”: A certificate signed by the Chairman of the Board, the Vice Chairman of the Board, the President or a vice president and by the Treasurer, the Secretary, or one of the assistant treasurers or assistant secretaries of the Depositor, the Sponsor, the Master Servicer or of any Sub-Servicer and delivered to the Depositor and Trustee.

“Offered Certificates”: The Class 1-A, Class 2-A and Class 1-M Certificates.

“One Month LIBOR”: The London interbank offered rate for one-month United States dollar deposits, determined as described in Section 1.02 of this Agreement.

“Opinion of Counsel”: A written opinion of counsel, who may be counsel for the Depositor, the Sponsor, or the Master Servicer, reasonably acceptable to the Trustee; except that any opinion of counsel relating to (a) the qualification of any account required to be maintained pursuant to this Agreement as an Eligible Account, (b) the qualification of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 as REMICs, (c) compliance with the REMIC Provisions or (d) resignation of the Master Servicer pursuant to Section 6.04 must be an opinion of counsel who (i) is in fact independent of the Depositor and the Master Servicer, (ii) does not have any direct financial interest or any material indirect financial interest in the Depositor or the Master Servicer or in an affiliate of either and (iii) is not connected with the Depositor or the Master Servicer as an officer, employee, director or person performing similar functions.

“Optional Termination”: As defined in Section 9.01(b) of this Agreement.

“Optional Termination Date”: The first Distribution Date on which the Master Servicer may opt to terminate the Trust Fund pursuant to Section 9.01.

“Outstanding Mortgage Loan”: As to any Due Date, a Mortgage Loan (including an REO Property) which was not the subject of a Principal Prepayment in Full, Cash Liquidation or REO Disposition and which was not purchased prior to such Due Date pursuant to Sections 2.02, 2.04 or 3.14.

“Overcollateralization Deficiency Amount”: The Group 1 Overcollataralization Deficiency Amount or the Group 2 Overcollateralization Deficiency Amount, as applicable.

“Overcollateralization Floor”: The Group 1 Overcollateralization Floor or the Group 2 Overcollateralization Floor, as applicable.

“Overcollateralization Release Amount”: The Group 1 Overcollateralization Release Amount or the Group 2 Overcollateralization Release Amount, as applicable.

“Overcollateralization Target Amount”: The Group 1 Overcollateralization Target Amount or the Group 2 Overcollateralization Target Amount, as applicable.

“Overcollateralized Amount”: The Group 1 Overcollateralized Amount or the Group 2 Overcollateralized Amount, as applicable.

“Ownership Interest”: As to any Certificate, any ownership or security interest in such Certificate, including any interest in such Certificate as the Holder thereof and any other interest therein, whether direct or indirect, legal or beneficial, as owner or as pledgee.

“Pass-Through Rate”: With respect to any Distribution Date and

(i) the Offered Certificates and the Class 1-B Certificates, the least of (x) One-Month LIBOR plus the related Certificate Margin (y) the applicable Net WAC Rate and (z) 11.50% per annum;

(ii) the Class 1-C Certificates and any Distribution Date, (x) a rate per annum equal to the percentage equivalent of a fraction, the numerator of which is the sum of the amount determined for each REMIC 3 Group 1 Regular Interest (other than REMIC 3 Regular Interests 1-IO and 1-P) equal to the product of (a) the excess, if any, of the Uncertificated REMIC 3 Pass-Through Rate for such REMIC 3 Group 1 Regular Interest over the Group 1 Marker Rate and (b) a notional amount equal to the Uncertificated Principal Balance of such REMIC 3 Group 1 Regular Interest, and the denominator of which is the aggregate Uncertificated Principal Balance of such REMIC 3 Group 1 Regular Interests, and (y) 100% of the interest distributable in respect of REMIC 3 Regular Interest 1-P;

(iii) the Class 2-C Certificates and any Distribution Date, (x) a rate per annum equal to the percentage equivalent of a fraction, the numerator of which is the sum of the amount determined for each REMIC 3 Group 2 Regular Interest (other than REMIC 3 Regular Interests 2-IO and 2-P) equal to the product of (a) the excess, if any, of the Uncertificated REMIC 3 Pass-Through Rate for such REMIC 3 Group 2 Regular Interest over the Group 2 Marker Rate and (b) a notional amount equal to the Uncertificated Principal Balance of such REMIC 3 Group 2 Regular Interest, and the denominator of which is the aggregate Uncertificated Principal Balance of such REMIC 3 Group 2 Regular Interests, and (y) 100% of the interest distributable in respect of REMIC 3 Regular Interest 2-P;

(iv) each of the Class 1-P Certificates and Class 2-P Certificates, 0.00% per annum; and

(v) each of the Class 1-IO Interest and Class 2-IO Interest, 100% of the amounts distributable to REMIC 3 Regular Interest 1-IO and REMIC 3 Regular Interest 2-IO, respectively, for such Distribution Date.

“Percentage Interest”: With respect to any Regular Certificate, the undivided percentage ownership interest in the related Class evidenced by such Certificate, which percentage ownership interest shall be equal to the Initial Certificate Principal Balance thereof divided by the aggregate Initial Certificate Principal Balance of all of the Certificates of the same Class. With respect to any Class R Certificate, the interest in distributions to be made with respect to such Class evidenced thereby, expressed as a percentage, as stated on the face of each such Certificate.

“Permitted Investment”: One or more of the following:

(i) obligations of or guaranteed as to principal and interest by the United States or any agency or instrumentality thereof when such obligations are backed by the full faith and credit of the United States;

(ii) repurchase agreements on obligations specified in clause (i) maturing not more than one month from the date of acquisition thereof, provided that the unsecured obligations of the party agreeing to repurchase such obligations are at the time rated by each Rating Agency in its highest short-term rating available, provided, however, that such repurchase agreements are treated as financings under generally accepted accounting principles (“GAAP”);

(iii) federal funds, certificates of deposit, demand deposits, time deposits and bankers' acceptances (which shall each have an original maturity of not more than 90 days and, in the case of bankers' acceptances, shall in no event have an original maturity of more than 365 days or a remaining maturity of more than 30 days) denominated in United States dollars of any U.S. depository institution or trust company incorporated under the laws of the United States or any state thereof or of any domestic branch of a foreign depository institution or trust company; provided that the debt obligations of such depository institution or trust company (or, if the only Rating Agency is Standard & Poor's, in the case of the principal depository institution in a depository institution holding company, debt obligations of the depository institution holding company) at the date of acquisition thereof have been rated by each Rating Agency in its highest short-term rating available; and provided further that, if the only Rating Agency is Standard & Poor's and if the depository or trust company is a principal subsidiary of a bank holding company and the debt obligations of such subsidiary are not separately rated, the applicable rating shall be that of the bank holding company; and, provided further that, if the original maturity of such short-term obligations of a domestic branch of a foreign depository institution or trust company shall exceed 30 days, the short-term rating of such institution shall be A-1+ in the case of Standard & Poor's if Standard & Poor's is the Rating Agency;

(iv) commercial paper (having original maturities of not more than 365 days) of any corporation incorporated under the laws of the United States or any state thereof which on the date of acquisition has been rated by Moody's and Standard & Poor's in their highest short-term ratings available; provided that such commercial paper shall have a remaining maturity of not more than 30 days;

(v) a money market fund or a qualified investment fund rated by Moody's in its highest long-term ratings available or rated AAAm or AAAm-G by Standard & Poor's, including any such funds for which Deutsche Bank National Trust Company or any affiliate thereof serves as an investment advisor, manager, administrator, shareholder, servicing agent, and/or custodian or sub-custodian; and

(vi) other obligations or securities that are acceptable to each Rating Agency as a Permitted Investment hereunder and will not reduce the rating assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency, as evidenced in writing;

provided, however, that no instrument shall be a Permitted Investment if it represents, either (1) the right to receive only interest payments with respect to the underlying debt instrument or (2) the right to receive both principal and interest payments derived from obligations underlying such instrument and the principal and interest payments with respect to such instrument provide a yield to maturity greater than 120% of the yield to maturity at par of such underlying obligations.

To the extent that the Trustee receives any materials in connection with the holding of any Permitted Investment which require the holder to vote, the Trustee shall not exercise its voting rights.

Permitted Investments shall not be sold prior to maturity, except that a money market fund or qualified investment fund may be liquidated at any time.

“Permitted Transferee”: Any transferee of a Residual Certificate other than a Disqualified Organization, a Non-United States Person or an “electing large partnership” (as defined in Section 775 of the Code).

“Person”: Any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof.

“PMI Insurer”: Radian Guaranty, Inc., or its successors or assigns.

“PMI Insurer Policy”: The lender-paid primary mortgage insurance policy issued by the PMI Insurer in accordance with a March 29, 2002 letter between the Sponsor and the PMI Insurer.

“PMI Mortgage Loan”: Any mortgage loan covered by the PMI Insurer Policy.

“PMI Insurer Fee Rate”: With respect to each PMI Mortgage Loan, the per annum rate payable to the PMI Insurer under the PMI Insurer Policy.

“Policy Premium”: The premium set forth in the Certificate Guaranty Insurance Policy.

“Policy Premium Rate”: The rate per annum set forth in the Insurance Agreement.

“Preference Amount”: Any amount previously distributed to a Class 1-AM Certificateholder or a Class 2-A Certificateholder, as the case may be, by or on behalf of the Trust Estate that is recoverable and sought to be recovered as a voidable preference by a trustee in bankruptcy pursuant to the United States Bankruptcy Code (11 U.S.C.), as amended from time to time, in accordance with a final nonappealable order of a court having competent jurisdiction.

“Prepayment Assumption”: As defined in the Prospectus Supplement.

“Prepayment Charge”: With respect to any Mortgage Loan, the charges or premiums, if any, due in connection with a full or partial prepayment of such Mortgage Loan in accordance with the terms thereof (other than any Master Servicer Prepayment Charge Payment Amount).

“Prepayment Interest Excess”: With respect to any Distribution Date, for each Mortgage Loan that was the subject of a Principal Prepayment during the portion of the Prepayment Period from the related Due Date to the end of such Prepayment Period, any payment of interest received in connection therewith (net of any applicable Servicing Fee) representing interest accrued for any portion of such month of receipt.

“Prepayment Interest Shortfall”: As to any Distribution Date and any Mortgage Loan (other than a Mortgage Loan relating to an REO Property) that was the subject of (a) a Principal Prepayment in Full during the related Prepayment Period, an amount equal to the excess of one month’s interest at the Net Mortgage Rate on the Stated Principal Balance of such Mortgage Loan over the amount of interest (adjusted to the Net Mortgage Rate) paid by the Mortgagor for such Prepayment Period to the date of such Principal Prepayment in Full or (b) a Curtailment during the prior calendar month, an amount equal to one month’s interest at the Net Mortgage Rate on the amount of such Curtailment.

“Prepayment Period”: With respect to any Mortgage Loan subserviced by Countrywide Home Loans Servicing LP and any Distribution Date, the period between the 16th of the month prior to such Distribution Date and the 15th of the current month, except the initial Prepayment Period will run from March 1, 2007 through April 15, 2007. With respect to any Mortgage Loan subserviced by Midland and any Distribution Date, the calendar month immediately preceding the month in which such distribution occurs.

“Primary Hazard Insurance Policy”: Each primary hazard insurance policy required to be maintained pursuant to Section 3.13.

“Primary Insurance Policy”: Any primary policy of mortgage guaranty insurance including the PMI Insurer Policy, or any replacement policy therefor.

“Principal Distribution Amount”: With respect to any Distribution Date and any Loan Group, an amount equal to the sum of the related Basic Principal Distribution Amount plus the related Extra Principal Distribution Amount.

“Principal Prepayment”: Any payment of principal made by the Mortgagor on a Mortgage Loan which is received in advance of its scheduled Due Date and which is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.

“Principal Prepayment in Full”: Any Principal Prepayment made by a Mortgagor of the entire unpaid principal balance of the Mortgage Loan.

“Principal Remittance Amount”: With respect to any Distribution Date and each Loan Group, the sum of the following from the Available Distribution Amount: (i) each scheduled payment of principal collected or advanced on the related Mortgage Loans by the Master Servicer that were due during the related Due Period, (ii) the principal portion of all partial and full Principal Prepayments of the related Mortgage Loans applied by the Master Servicer during the related Prepayment Period, (iii) the principal portion of all Net Liquidation Proceeds, REO Proceeds, Insurance Proceeds, and Subsequent Recoveries received during the related Prepayment Period, (iv) the principal portion of proceeds of Mortgage Loan purchases made pursuant to Section 2.02, 2.04 or 3.14, in each case received or made during the related Prepayment Period, (v) the principal portion of any related Substitution Adjustments deposited in the Custodial Account during the related Prepayment Period and (vi) on the Distribution Date on which the Trust Fund is to be terminated pursuant to Section 9.01, the principal portion of the termination price received from the Master Servicer in connection with a termination of the Trust Fund to occur on such Distribution Date.

“Prospectus Supplement”: That certain Prospectus Supplement dated March 29, 2007 relating to the public offering of the Offered Certificates.

“Purchase Price”: With respect to any Mortgage Loan (or REO Property) required to be purchased pursuant to Section 2.02, 2.04 or 3.14, an amount equal to the sum of (i) 100% of the Stated Principal Balance thereof, (ii) unpaid accrued interest (or REO Imputed Interest) at the applicable Net Mortgage Rate on the Stated Principal Balance thereof outstanding during each Due Period that such interest was not paid or advanced, from the date through which interest was last paid by the Mortgagor or advanced and distributed to Certificateholders together with unpaid Master Servicing Fees, Sub-Servicing Fees and, if such Mortgage Loan is a PMI Mortgage Loan, fees due the PMI Insurer at the PMI Insurer Fee Rate, from the date through which interest was last paid by the Mortgagor, in each case to the first day of the month in which such Purchase Price is to be distributed, plus (iii) the aggregate of all Advances and Servicing Advances made in respect thereof that were not previously reimbursed and (iv) costs and damages incurred by the Trust Fund in connection with a repurchase pursuant to Section 2.04 hereof that arises out of a violation of any anti-predatory lending law which also constitutes an actual breach of representations (xii), (xxxv), (xxxiii), (xxxviii), (xxxix) or (xliii) of Section 3.1(b) of the Mortgage Loan Purchase Agreement.

“Qualified Insurer”: Any insurance company duly qualified as such under the laws of the state or states in which the related Mortgaged Property or Mortgaged Properties is or are located, duly authorized and licensed in such state or states to transact the type of insurance business in which it is engaged and approved as an insurer by the Master Servicer, so long as the claims paying ability of which is acceptable to the Rating Agencies for pass-through certificates having the same rating as the Certificates rated by the Rating Agencies as of the Closing Date.

“Qualified Substitute Mortgage Loan”: A Mortgage Loan substituted by the Depositor for a Deleted Mortgage Loan which must, on the date of such substitution, as confirmed in an Officers’ Certificate of the Sponsor delivered to the Trustee, (i) have an outstanding principal balance, after deduction of the principal portion of the monthly payment due in the month of substitution (or in the case of a substitution of more than one Mortgage Loan for a Deleted Mortgage Loan, an aggregate outstanding principal balance, after such deduction), not in excess of the Stated Principal Balance of the Deleted Mortgage Loan (the amount of any shortfall to be paid to the Master Servicer for deposit in the Custodial Account in the month of substitution); (ii) have a Mortgage Rate and a Net Mortgage Rate no lower than and not more than 1% per annum higher than the Mortgage Rate and Net Mortgage Rate, respectively, of the Deleted Mortgage Loan as of the date of substitution; (iii) have a Loan-to-Value Ratio at the time of substitution no higher than that of the Deleted Mortgage Loan at the time of substitution; (iv) have a remaining term to stated maturity not greater than (and not more than one year less than) that of the Deleted Mortgage Loan; (v) comply with each representation and warranty set forth in Section 2.04 hereof; and, (vi) comply with each non-statistical representation and warranty set forth in the Mortgage Loan Purchase Agreement.

“Rating Agency”: Standard & Poor's or Moody's and each of their successors. If such agencies and their successors are no longer in existence, “Rating Agency” shall be such nationally recognized statistical rating agency, or other comparable Person, designated by the Depositor, notice of which designation shall be given to the Trustee and Master Servicer. References herein to the two highest long term debt rating of a Rating Agency shall mean “AA” or better in the case of Standard & Poor's and “Aa2” or better in the case of Moody's and references herein to the highest short-term debt rating of a Rating Agency shall mean “A-1+” in the case of Standard & Poor's and “P-1” in the case of Moody's, and in the case of any other Rating Agency such references shall mean such rating categories without regard to any plus or minus.

“Realized Loss”: With respect to each Mortgage Loan or REO Property as to which a Cash Liquidation or REO Disposition has occurred, an amount (not less than zero) equal to (i) the Stated Principal Balance of the Mortgage Loan as of the date of Cash Liquidation or REO Disposition, plus (ii) interest (and REO Imputed Interest, if any) at the Net Mortgage Rate from the Due Date as to which interest was last paid or advanced to Certificateholders up to the date of the Cash Liquidation or REO Disposition on the Stated Principal Balance of such Mortgage Loan outstanding during each Due Period that such interest was not paid or advanced, minus (iii) the proceeds, if any, received during the month in which such Cash Liquidation or REO Disposition occurred, to the extent applied as recoveries of interest at the Net Mortgage Rate and to principal of the Mortgage Loan, net of the portion thereof reimbursable to the Master Servicer or any Sub-Servicer with respect to related Advances or Servicing Advances not previously reimbursed. With respect to each Mortgage Loan which has become the subject of a Deficient Valuation, the difference between the principal balance of the Mortgage Loan outstanding immediately prior to such Deficient Valuation and the principal balance of the Mortgage Loan as reduced by the Deficient Valuation.

“Record Date”: With respect to each Distribution Date and the Offered Certificates and the Class 1-B Certificates, so long as such Certificates are Book-Entry Certificates, the Business Day prior to such Distribution Date. With respect to any Offered Certificates and the Class 1-B Certificates which are not Book-Entry Certificates, and with respect to the Class C, Class P and Class R Certificates, the close of business on the last Business Day of the month preceding the month in which such Distribution Date occurs.

“Regular Certificate”: Any of the Certificates other than the Class R Certificates.

“Regulation AB” Subpart 229,1100 - Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1123, as such may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Commission in the adopting release (Asset-Backed Securities, Securities Act Release No. 33-8518, 70 Fed. Reg. 1,506, 1,531 (Jan.7, 2005)) or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time.

“Relief Act”: The Servicemembers Relief Act, as amended, and similar legislation or regulations.

“Relief Act Interest Shortfall”: With respect to any Distribution Date, for any Mortgage Loan with respect to which there has been a reduction in the amount of interest collectible thereon for the most recently ended Due Period as a result of the application of the Relief Act, the amount by which (i) interest collectible on such Mortgage Loan during such Due Period is less than (ii) one month's interest on the Stated Principal Balance of such Mortgage Loan at the Loan Rate for such Mortgage Loan before giving effect to the application of the Relief Act.

“REMIC”: A “real estate mortgage investment conduit” within the meaning of Section 860D of the Code.

“REMIC 1”: The segregated pool of assets subject hereto (exclusive of the Net WAC Shortfall Reserve Funds, any Master Servicer Prepayment Charge Payment Amounts and, for the avoidance of doubt, the Supplemental Interest Trusts, the Derivative Accounts, the Interest Rate Swap Agreements, the Cap Contracts and the Collateral Accounts) with respect to which a REMIC election is to be made, conveyed in trust to the Trustee, for the benefit of the holders of the REMIC 1 Regular Interests and the Holders of the Class R Certificates (in respect of the Class R-1 Interest), consisting of: (i) each Mortgage Loan in Loan Group 1 (exclusive of payments of principal and interest due on or before the Cut-off Date, if any, received by the Master Servicer, which shall not constitute an asset of the Trust Fund) as from time to time are subject to this Agreement and all payments under and proceeds of such Mortgage Loans (exclusive of any late payment charges received on the Mortgage Loans), together with all documents included in the related Mortgage File, subject to Section 2.01; (ii) such funds or assets relating to such Mortgage Loans as from time to time are deposited in the Custodial Account or the Certificate Account and belonging to the Trust Fund; (iii) any related REO Property; (iv) the Primary Hazard Insurance Policies, if any, the Primary Insurance Policies, if any, and all other Insurance Policies with respect to such Mortgage Loans; and (v) the Depositor’s interest in respect of the representations and warranties made by the Sponsor in the Mortgage Loan Purchase Agreement as assigned to the Trustee pursuant to Section 2.04 hereof.

“REMIC 1 Regular Interest”: Any of the separate non-certificated beneficial ownership interests in REMIC 1 issued hereunder and designated as a Regular Interest in REMIC 1. Each REMIC 1 Regular Interest shall accrue interest at the related Uncertificated REMIC 1 Pass-Through Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Principal Balance as set forth in the Preliminary Statement hereto. The designations for the respective REMIC 1 Regular Interests are set forth in the Preliminary Statement hereto. The REMIC 1 Regular Interests consist of REMIC 1 Regular Interest 1-1-A through REMIC 1 Regular Interest 1-78-B, REMIC 1 Regular Interest P and REMIC 1 Regular Interest OC, each as designated in the Preliminary Statement hereto.

“REMIC 2”: The segregated pool of assets subject hereto (exclusive of the Net WAC Shortfall Reserve Funds, any Master Servicer Prepayment Charge Payment Amounts and, for the avoidance of doubt, the Supplemental Interest Trusts, the Derivative Accounts, the Interest Rate Swap Agreements, the Cap Contracts and the Collateral Accounts) with respect to which a REMIC election is to be made, conveyed in trust to the Trustee, for the benefit of the holders of the REMIC 2 Regular Interests and the Holders of the Class R Certificates (in respect of the Class R-2 Interest), consisting of: (i) each Mortgage Loan in Loan Group 2 (exclusive of payments of principal and interest due on or before the Cut-off Date, if any, received by the Master Servicer, which shall not constitute an asset of the Trust Fund) as from time to time are subject to this Agreement and all payments under and proceeds of such Mortgage Loans (exclusive of any late payment charges received on the Mortgage Loans), together with all documents included in the related Mortgage File, subject to Section 2.01; (ii) such funds or assets relating to such Mortgage Loans as from time to time are deposited in the Custodial Account or the Certificate Account and belonging to the Trust Fund; (iii) any related REO Property; (iv) the Primary Hazard Insurance Policies, if any, the Primary Insurance Policies, if any, and all other Insurance Policies with respect to such Mortgage Loans; and (v) the Depositor’s interest in respect of the representations and warranties made by the Sponsor in the Mortgage Loan Purchase Agreement as assigned to the Trustee pursuant to Section 2.04 hereof.

“REMIC 2 Regular Interest”: Any of the separate non-certificated beneficial ownership interests in REMIC 2 issued hereunder and designated as a Regular Interest in REMIC 2. Each REMIC 2 Regular Interest shall accrue interest at the related Uncertificated REMIC 2 Pass-Through Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Principal Balance as set forth in the Preliminary Statement hereto. The designations for the respective REMIC 2 Regular Interests are set forth in the Preliminary Statement hereto. The REMIC 2 Regular Interests consist of REMIC 2 Regular Interests 1-1-A through REMIC 2 Regular Interest 1-88-B, REMIC 2 Regular Interest OC and REMIC 2 Regular Interest P, each as designated in the Preliminary Statement hereto.

“REMIC 3”: The segregated pool of assets consisting of all of the REMIC 1 Regular Interests and REMIC 2 Regular Interests conveyed in trust to the Trustee, for the benefit of the holders of the REMIC 3 Regular Interests and the Holders of the Class R Certificates (in respect of the Class R-3 Interest), pursuant to Article II hereunder, with respect to which a separate REMIC election is to be made.

“REMIC 3 Group 1 Interest Loss Allocation Amount”: With respect to any Distribution Date, an amount (subject to adjustment based on the actual number of days elapsed in the respective Accrual Period) equal to (a) the sum of (x) the product of (i) the aggregate Stated Principal Balance of the Group 1 Loans and the related REO Properties then outstanding, minus the Certificate Principal Balance of the Class 1-P Certificates, and (ii) the Uncertificated REMIC 3 Pass-Through Rate for REMIC 3 Regular Interest 1-AA minus the Group 1 Marker Rate, and (y) the accrued interest on REMIC 3 Regular Interest 1-P, divided by (b) 12.

“REMIC 3 Group 1 Overcollateralized Amount”: With respect to any date of determination, (i) 1.00% of the aggregate Uncertificated Principal Balance of the REMIC 3 Group 1 Regular Interests, other than REMIC 3 Regular Interest 1-P, minus (ii) the aggregate Uncertificated Principal Balance of each REMIC 3 Group 1 Regular Interest for which a Class 1-A, Class 1-M or Class 1-B Certificate is a Corresponding Certificate, in each case, as of such date of determination.

“REMIC 3 Group 1 Principal Loss Allocation Amount”: With respect to any Distribution Date, an amount equal to the product of (i) the aggregate Stated Principal Balance of the Group 1 Loans and the related REO Properties then outstanding, minus the Certificate Principal Balance of the Class 1-P Certificates, and (ii) 1 minus a fraction, the numerator of which is two (2) times the aggregate Uncertificated Principal Balance of each REMIC 3 Group 1 Regular Interest for which a Class 1-A, Class 1-M or Class 1-B Certificate is a Corresponding Certificate and the denominator of which is the aggregate Uncertificated Principal Balance of each REMIC 3 Group 1 Regular Interest for which a Class 1-A, Class 1-M or Class 1-B Certificate is a Corresponding Certificate and REMIC 3 Regular Interest 1-ZZ.

“REMIC 3 Group 1 Overcollateralization Target Amount”: 1.00% of the Group 1 Overcollateralization Target Amount.

“REMIC 3 Group 1 Regular Interest”: Any of the REMIC 3 Regular Xxxxxxxxx 0-XX, 0-XX, 0-X0-X, 0-X0-X, 0-X0-X, 1-AM, 1-M-1, 1-M-2, 1-M-3, 1-M-4, 1-M-5, 1-M-6, 1-M-7, 1-M-8, 1-B, 1-IO and 1-P.

“REMIC 3 Group 2 Interest Loss Allocation Amount”: With respect to any Distribution Date, an amount (subject to adjustment based on the actual number of days elapsed in the respective Accrual Period) equal to (a) the sum of (x) the product of (i) the aggregate Stated Principal Balance of the Group 2 Loans and the related REO Properties then outstanding, minus the Certificate Principal Balance of the Class 2-P Certificates, and (ii) the Uncertificated REMIC 3 Pass-Through Rate for REMIC 3 Regular Interest 2-AA minus the Group 2 Marker Rate, and (y) the accrued interest on REMIC 3 Regular Interest 2-P, divided by (b) 12.

“REMIC 3 Group 2 Overcollateralized Amount”: With respect to any date of determination, (i) 1.00% of the aggregate Uncertificated Principal Balance of the REMIC 3 Group 2 Regular Interests, other than REMIC 3 Regular Interest 2-P, minus (ii) the Uncertificated Principal Balance of REMIC 3 Regular Interest 2-A, in each case, as of such date of determination.

“REMIC 3 Group 2 Principal Loss Allocation Amount”: With respect to any Distribution Date, an amount equal to the product of (i) the aggregate Stated Principal Balance of the Group 2 Loans and the related REO Properties then outstanding, minus the Certificate Principal Balance of the Class 2-P Certificates, and (ii) 1 minus a fraction, the numerator of which is two (2) times the Uncertificated Principal Balance of REMIC 3 Regular Interest 2-A and the denominator of which is the Uncertificated Principal Balance of REMIC 3 Regular Interest 2-A and REMIC 3 Regular Interest 2-ZZ.

“REMIC 3 Group 2 Overcollateralization Target Amount”: 1.00% of the Group 1 Overcollateralization Target Amount.

“REMIC 3 Group 2 Regular Interest”: Any of the REMIC 3 Regular Interests 2-AA, 2-ZZ, 2-A, 2-IO and 2-P.

“REMIC 3 Regular Interest”: Any of the separate non-certificated beneficial ownership interests in REMIC 3 issued hereunder and designated as a Regular Interest in REMIC 3. Each REMIC 3 Regular Interest shall accrue interest at the related Uncertificated REMIC 3 Pass-Through Rate in effect from time to time, and (except for the REMIC 3 Regular Interests 1-IO and 2-IO) shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Principal Balance as set forth in the Preliminary Statement hereto. The designations for the respective REMIC 3 Regular Interests are set forth in the Preliminary Statement hereto. The REMIC 3 Regular Interests consist of the REMIC 3 Group 1 Regular Interests and REMIC 3 Group 2 Regular Interests.

“REMIC 4”: The segregated pool of assets consisting of all of the REMIC 3 Regular Interests conveyed in trust to the Trustee, for the benefit of the holders of the Regular 4 Regular Interests and the Holders of the Class R Certificates (in respect of the Class R-4 Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

“REMIC 4 Regular Interest”: The Class 1-IO Interest, Class 2-IO Interest or any Regular Interest in REMIC 4 the ownership of which is represented by any of the Regular Certificates.

“REMIC Provisions”: Provisions of the federal income tax law relating to real estate mortgage investment conduits, which appear at Sections 860A through 860G of Subchapter M of Chapter 1 of the Code, and related provisions, and proposed, temporary and final regulations and published rulings, notices and announcements promulgated thereunder, as the foregoing may be in effect from time to time.

“REMIC Regular Interest”: A REMIC 1 Regular Interest, REMIC 2 Regular Interest or REMIC 3 Regular Interest.

“Remittance Report”: A report prepared by the Master Servicer providing the information set forth in Exhibit E attached hereto.

“REO Acquisition”: The acquisition by the Master Servicer on behalf of the Trustee for the benefit of the Certificateholders of any REO Property pursuant to Section 3.15.

“REO Disposition”: The receipt by the Master Servicer of Insurance Proceeds, Liquidation Proceeds and other payments and recoveries (including proceeds of a final sale) which the Master Servicer expects to be finally recoverable from the sale or other disposition of the REO Property.

“REO Imputed Interest”: As to any REO Property, for any period, an amount equivalent to interest (at the Mortgage Rate that would have been applicable to the related Mortgage Loan had it been outstanding) on the unpaid principal balance of the Mortgage Loan as of the date of acquisition thereof (as such balance is reduced pursuant to Section 3.15 by any income from the REO Property treated as a recovery of principal).

“REO Proceeds”: Proceeds, net of directly related expenses, received in respect of any REO Property (including, without limitation, proceeds from the rental of the related Mortgaged Property and of any REO Disposition), which proceeds are required to be deposited into the Custodial Account as and when received.

“REO Property”: A Mortgaged Property acquired by the Master Servicer on behalf of the Trust Fund through foreclosure or deed-in-lieu of foreclosure in connection with a defaulted Mortgage Loan.

“Request for Release”: A release signed by a Servicing Officer, in the form of Exhibits F-1 or F-2 attached hereto.

“Residual Certificate”: The Class R Certificates.

“Residual Interest”: The sole class of “residual interests” in a REMIC within the meaning of Section 860G(a)(2) of the Code.

“Responsible Officer”: When used with respect to the Trustee, the Chairman or Vice Chairman of the Board of Directors or Trustees, the Chairman or Vice Chairman of the Executive or Standing Committee of the Board of Directors or Trustees, the President, the Chairman of the Committee on Trust Matters, any vice president, any assistant vice president, the Secretary, any assistant secretary, the Treasurer, any assistant treasurer, any trust officer or assistant trust officer or any other officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers and also, with respect to a particular matter, any other officer to whom such matter is referred because of such officer's knowledge of and familiarity with the particular subject.

“Servicing Account”: The account or accounts created and maintained pursuant to Section 3.09.

“Servicing Advances”: All customary, reasonable and necessary “out of pocket” costs and expenses incurred in connection with a default, delinquency or other unanticipated event in the performance by the Master Servicer or any Sub-Servicer of its servicing obligations, including, but not limited to, the cost of (i) the preservation, restoration and protection of a Mortgaged Property, (ii) any enforcement or judicial proceedings, including foreclosures, including any expenses incurred in relation to any such proceedings that result from the Mortgage Loan being registered on the MERS System, (iii) the management and liquidation of any REO Property, including reasonable fees paid to any independent contractor in connection therewith, and (iv) compliance with the obligations under the second paragraph of Section 3.01, Section 3.09 and Section 3.13 (other than any deductible described in the last paragraph thereof).

“Servicing Criteria” The “servicing criteria” set forth in Item 1122(d) of Regulation AB, as such may be amended from time to time, or those Servicing Criteria otherwise mutually agreed to by Sponsor, the Master Servicer and the applicable Sub-Servicer in response to evolving interpretations of Regulation AB and incorporated into a revised Exhibit N.

“Servicing Guide”: The Impac Funding Corporation Servicing Guide, attached hereto as Exhibit K, which may be amended from time to time.

“Servicing Officer”: Any officer of the Master Servicer involved in, or responsible for, the administration and servicing of the Mortgage Loans, whose name and specimen signature appear on a list of servicing officers furnished to the Trustee by the Master Servicer, as such list may from time to time be amended.

“Single Certificate”: A Regular Certificate of any Class (other than a Class P Certificate) evidencing an Initial Certificate Principal Balance of $1,000, or, in the case of a Class P Certificate, a Certificate of such Class evidencing an Initial Certificate Principal Balance of $100.

“Specially Serviced Group 2 Loan”: A Group 2 Loan with respect to which certain delinquency, loss or foreclosure events have occurred as provided in the related Sub-Servicing Agreement, including any Group 2 Loan which is 60 days or more delinquent.

“Sponsor” Impac Funding Corporation, or its successor in interest.

“Standard & Poor’s”: Standard & Poor's Ratings Services, a division of The McGraw Hill Companies, Inc., or its successor in interest.

“Startup Day”: The day designated as such pursuant to Article X hereof.

“Stated Principal Balance”: With respect to any Mortgage Loan or related REO Property at any given time, (i) the principal balance of the Mortgage Loan outstanding as of the Cut-off Date, after application of principal payments due on or before such date, whether or not received, minus (ii) the sum of (a) the principal portion of the Monthly Payments due with respect to such Mortgage Loan or REO Property during each Due Period ending prior to the most recent Distribution Date which were received or with respect to which an Advance was made, and (b) all Principal Prepayments with respect to such Mortgage Loan or REO Property, and all Insurance Proceeds, Liquidation Proceeds and REO Proceeds to the extent applied by the Master Servicer as recoveries of principal in accordance with Section 3.15 with respect to such Mortgage Loan or REO Property, which were distributed pursuant to Section 4.01 on any previous Distribution Date, and (c) any Realized Loss with respect thereto allocated pursuant to Section 4.07 for any previous Distribution Date.

“Step-Up Date”: The Group 1 Step-Up Date or the Group 2 Step-Up Date.

“Stepdown Date”: The Group 1 Stepdown Date or the Group 2 Stepdown Date.

“Stepdown Target Subordination Percentage”: For each class of Subordinate Certificates, the respective percentages indicated in the following table:

	Stepdown Target Subordination Percentage
Class 1-M-1	11.20%
Class 1-M-2	8.80%
Class 1-M-3	7.50%
Class 1-M-4	6.30%
Class 1-M-5	5.30%
Class 1-M-6	4.50%
Class 1-M-7	3.80%
Class 1-M-8	3.10%
Class 1-B	2.30%

“Subordinate Certificates”: The Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7, Class 1-M-8 and Class 1-B Certificates.

“Subsequent Recoveries”: Any Liquidation Proceeds (net of amounts owed to the Master Servicer or any Sub-Servicer with respect to the related Mortgage Loan) received after the final liquidation of a Mortgage Loan. If Subsequent Recoveries are received, they will be included as part of the Principal Remittance Amount for the following Distribution Date and distributed in accordance with the priorities described in Section 4.01 of this Agreement. In addition, after giving effect to all distributions on a Distribution Date, if any Allocated Realized Loss Amounts are outstanding, the Allocated Realized Loss Amount for the class of Offered Certificates or Class 1-B Certificates then outstanding with the highest distribution priority will be decreased by the amount of such Subsequent Recoveries until reduced to zero (with any remaining Subsequent Recoveries applied to reduce the Allocated Realized Loss Amount of the class with the next highest distribution priority), and the Certificate Principal Balance of such class or classes of Offered Certificates or Class 1-B Certificates will be increased by the same amount. Thereafter, such class or classes of Offered Certificates or Class 1-B Certificates will accrue interest on the increased Certificate Principal Balance.

“Sub-Servicer”: Any Person with which the Master Servicer has entered into a Sub-Servicing Agreement and which meets the qualifications of a Sub-Servicer pursuant to Section 3.02.

“Sub-Servicer Remittance Date”: With respect to any Mortgage Loan subserviced by Countrywide Home Loans Servicing LP, the 21st day of each month, or if such day is not a Business Day, the immediately preceding Business Day. With respect to any Mortgage Loan subserviced by Midland, the 18th day of each month, or if such day is not a Business Day, the immediately preceding Business Day.

“Sub-Servicing Account”: An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.

“Sub-Servicing Agreement”: The written contract between the Master Servicer and a Sub-Servicer and any successor Sub-Servicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02.

“Sub-Servicing Fees”: With respect to each Mortgage Loan, accrued interest at the Sub-Servicing Fee Rate with respect to the Mortgage Loan on the same principal balance on which interest on the Mortgage Loan accrues for the calendar month. The Sub-Servicing Fees consist of subservicing and other related compensation payable to the related Sub-Servicer or to the Master Servicer if the Master Servicer is directly servicing the loan.

“Sub-Servicing Fee Rate”: On each adjustable-rate Group 1 Loan, including any such mortgage loan with an initial fixed rate, 0.375% per annum. On each fixed-rate Group 1 Loan for the first lien mortgage loans, 0.250% per annum. On each fixed-rate Group 1 Loan for the second lien mortgage loans, 0.500% per annum. On each Group 2 Loan, a rate equal to 0.250% per annum, with such rate increasing to 0.750% per annum for any Group 2 Loan that becomes a Specially Serviced Group 2 Loan.

“Substitution Adjustment”: As defined in Section 2.04 hereof.

“Supplemental Interest Trust”: The Group 1 Supplemental Interest Trust or the Group 2 Supplemental Interest Trust, as applicable.

“Supplemental Interest Trust Trustee”: The Group 1 Supplemental Interest Trust Trustee or the Group 2 Supplemental Interest Trust Trustee, as applicable.

“Swap LIBOR”: LIBOR as determined pursuant to each Interest Rate Swap Agreement.

“Swap Optional Termination Payment”: As defined in Section 9.01 hereof.

“Swap Provider”: The Group 1 Swap Provider or Group 2 Swap Provider, as applicable.

“Swap Provider Trigger Event” With respect to any Distribution Date, (i) an Event of Default under the related Interest Rate Swap Agreement with respect to which the Swap Provider is a Defaulting Party, (ii) a Termination Event under the related Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party, or (iii) an Additional Termination Event under the related Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party.

“Swap Termination Payment” Upon the designation of an “Early Termination Date” as defined in the related Interest Rate Swap Agreement, the payment to be made by the Supplemental Interest Trust to the Swap Provider or by the Swap Provider to the Supplemental Interest Trust, as applicable, pursuant to the terms of the related Interest Rate Swap Agreement.

“Tax Matters Person”: The person designated as “tax matters person” in the manner provided under Treasury Regulation Sections 1.860F-4(d) and 301.6231(a)(7)-1T. The Holder of the greatest Percentage Interest in a class of Residual Interests in a REMIC shall be the Tax Matters Person for the related REMIC. The Trustee, or any successor thereto or assignee thereof, shall serve as tax administrator hereunder and as agent for the related Tax Matters Person.

“Tax Returns”: The federal income tax return on Internal Revenue Service Form 1066, U.S. Real Estate Mortgage Investment Conduit Income Tax Return, including Schedule Q thereto, Quarterly Notice to Residual Interest Holders of REMIC Taxable Income or Net Loss Allocation, or any successor forms, to be filed on behalf of REMIC 1, REMIC 2, REMIC 3 and REMIC 4 due to their classification as REMICs under the REMIC Provisions, together with any and all other information, reports or returns that may be required to be furnished to the Certificateholders or filed with the Internal Revenue Service or any other governmental taxing authority under any applicable provisions of federal, state or local tax laws.

“Transfer”: Any direct or indirect transfer, sale, pledge, hypothecation or other form of assignment of any Ownership Interest in a Certificate.

“Transferor”: Any Person who is disposing by Transfer of any Ownership Interest in a Certificate.

“Trust Fund”: REMIC 1, REMIC 2, REMIC 3, REMIC 4 the Net WAC Shortfall Reserve Fund and Master Servicer Prepayment Charge Payment Amount.

“Trustee”: Deutsche Bank National Trust Company, or its successor in interest, or any successor trustee appointed as herein provided.

“Uncertificated Accrued Interest”: With respect to each REMIC Regular Interest on each Distribution Date, an amount equal to one month's interest at the related Uncertificated Pass-Through Rate on the related Uncertificated Principal Balance or related Uncertificated Notional Amount of such REMIC Regular Interest. In each case, Uncertificated Accrued Interest will be reduced by any Net Prepayment Interest Shortfalls and Relief Act Interest Shortfalls (allocated to such REMIC Regular Interests as set forth in Section 1.03).

“Uncertificated Notional Amount”: With respect to REMIC 3 Regular Interest 1-IO and each Distribution Date listed below, the aggregate Uncertificated Principal Balance of the REMIC 1 Regular Interests ending with the designation “A” listed below:

Distribution Date	REMIC 1 Regular Interests
1	1-1-A through 1-78-A
2	1-1-A through 1-78-A
3	1-3-A through 1-78-A
4	1-4-A through 1-78-A
5	1-5-A through 1-78-A
6	1-6-A through 1-78-A
7	1-7-A through 1-78-A
8	1-8-A through 1-78-A
9	1-9-A through 1-78-A
10	1-10-A through 1-78-A
11	1-11-A through 1-78-A
12	1-11-A through 1-78-A
13	1-13-A through 1-78-A
14	1-14-A through 1-78-A
15	1-15-A through 1-78-A
16	1-16-A through 1-78-A
17	1-17-A through 1-78-A
18	1-18-A through 1-78-A
19	1-19-A through 1-78-A
20	1-20-A through 1-78-A
21	1-21-A through 1-78-A
22	1-21-A through 1-78-A
23	1-23-A through 1-78-A
24	1-24-A through 1-78-A
25	1-25-A through 1-78-A
26	1-26-A through 1-78-A
27	1-27-A through 1-78-A
28	1-28-A through 1-78-A
29	1-29-A through 1-78-A
30	1-30-A through 1-78-A
31	1-31-A through 1-78-A
32	1-31-A through 1-78-A
33 - 36	1-33-A through 1-78-A
37	1-34-A through 1-78-A
38	1-35-A through 1-78-A
39	1-36-A through 1-78-A
40	1-37-A through 1-78-A
41	1-38-A through 1-78-A
42	1-39-A through 1-78-A
43	1-40-A through 1-78-A
44	1-41-A through 1-78-A
45	1-41-A through 1-78-A
46	1-43-A through 1-78-A
47	1-44-A through 1-78-A
48	1-45-A through 1-78-A
49	1-46-A through 1-78-A
50	1-47-A through 1-78-A
51	1-48-A through 1-78-A
52	1-49-A through 1-78-A
53	1-50-A through 1-78-A
54	1-51-A through 1-78-A
55	1-51-A through 1-78-A
56	1-53-A through 1-78-A
57	1-54-A through 1-78-A
58	1-55-A through 1-78-A
59	1-56-A through 1-78-A

60	1-57-A through 1-78-A
61	1-58-A through 1-78-A
62	1-59-A through 1-78-A
63	1-60-A through 1-78-A
64	1-61-A through 1-78-A
65	1-61-A through 1-78-A
66	1-63-A through 1-78-A
67	1-64-A through 1-78-A
68	1-65-A through 1-78-A
69	1-66-A through 1-78-A
70	1-67-A through 1-78-A
71	1-68-A through 1-78-A
72	1-69-A through 1-78-A
73	1-70-A through 1-78-A
74	1-71-A through 1-78-A
75	1-71-A through 1-78-A
76	1-73-A through 1-78-A
77	1-74-A through 1-78-A
78	1-75-A through 1-78-A
79	1-76-A through 1-78-A
80	1-77-A through 1-78-A
81	1-78-A
thereafter	$0.00

With respect to REMIC 3 Regular Interest 2-IO and each Distribution Date listed below, the aggregate Uncertificated Principal Balance of the REMIC 2 Regular Interests ending with the designation “A” listed below:

Distribution Date	REMIC 2 Regular Interests
1	1-1-A through 1-88-A
2	1-1-A through 1-88-A
3	1-3-A through 1-88-A
4	1-4-A through 1-88-A
5	1-5-A through 1-88-A
6	1-6-A through 1-88-A
7	1-7-A through 1-88-A
8	1-8-A through 1-88-A
9	1-9-A through 1-88-A
10	1-10-A through 1-88-A
11	1-11-A through 1-88-A
12	1-11-A through 1-88-A
13	1-13-A through 1-88-A
14	1-14-A through 1-88-A
15	1-15-A through 1-88-A
16	1-16-A through 1-88-A
17	1-17-A through 1-88-A
18	1-18-A through 1-88-A
19	1-19-A through 1-88-A
20	1-20-A through 1-88-A
21	1-21-A through 1-88-A
22	1-21-A through 1-88-A
23	1-23-A through 1-88-A
24	1-24-A through 1-88-A

25	1-25-A through 1-88-A
26	1-26-A through 1-88-A
27	1-27-A through 1-88-A
28	1-28-A through 1-88-A
29	1-29-A through 1-88-A
30	1-30-A through 1-88-A
31	1-31-A through 1-88-A
32	1-31-A through 1-88-A
33	1-33-A through 1-88-A
34	1-34-A through 1-88-A
35	1-35-A through 1-88-A
36	1-36-A through 1-88-A
37	1-37-A through 1-88-A
38	1-38-A through 1-88-A
39	1-39-A through 1-88-A
40	1-40-A through 1-88-A
41	1-41-A through 1-88-A
42	1-41-A through 1-88-A
43	1-43-A through 1-88-A
44	1-44-A through 1-88-A
45	1-45-A through 1-88-A
46	1-46-A through 1-88-A
47	1-47-A through 1-88-A
48	1-48-A through 1-88-A
49	1-49-A through 1-88-A
50	1-50-A through 1-88-A
51	1-51-A through 1-88-A
52	1-51-A through 1-88-A
53	1-53-A through 1-88-A
54	1-54-A through 1-88-A
55	1-55-A through 1-88-A
56 - 84	1-56-A through 1-88-A
85	1-57-A through 1-88-A
86	1-58-A through 1-88-A
87	1-59-A through 1-88-A
88	1-60-A through 1-88-A
89	1-61-A through 1-88-A
90	1-61-A through 1-88-A
91	1-63-A through 1-88-A
92	1-64-A through 1-88-A
93	1-65-A through 1-88-A
94	1-66-A through 1-88-A
95	1-67-A through 1-88-A
96	1-68-A through 1-88-A
97	1-69-A through 1-88-A
98	1-70-A through 1-88-A
99	1-71-A through 1-88-A
100	1-71-A through 1-88-A
101	1-73-A through 1-88-A
102	1-74-A through 1-88-A
103	1-75-A through 1-88-A
104	1-76-A through 1-88-A
105	1-77-A through 1-88-A
106	1-78-A through 1-88-A
107	1-79-A through 1-88-A
108	1-80-A through 1-88-A

109	1-81-A through 1-88-A
110	1-81-A through 1-88-A
111	1-83-A through 1-88-A
112	1-84-A through 1-88-A
113	1-85-A through 1-88-A
114	1-86-A through 1-88-A
115	1-87-A through 1-88-A
116	1-88-A
thereafter	$0.00

With respect to the Class 1-IO Interest and any Distribution Date, an amount equal to the Uncertificated Notional Amount of the REMIC 3 Regular Interest 1-IO.

With respect to the Class 2-IO Interest and any Distribution Date, an amount equal to the Uncertificated Notional Amount of the REMIC 3 Regular Interest 2-IO.

“Uncertificated Pass-Through Rate”: The Uncertificated REMIC 1 Pass-Through Rate, Uncertificated REMIC 2 Pass-Through Rate or Uncertificated REMIC 3 Pass-Through Rate.

“Uncertificated Principal Balance”: With respect to each REMIC Regular Interest, the principal amount of such REMIC Regular Interest outstanding as of any date of determination. As of the Closing Date, the Uncertificated Principal Balance of each REMIC Regular Interest shall equal the amount set forth in the Preliminary Statement hereto as its initial Uncertificated Principal Balance. On each Distribution Date, the Uncertificated Principal Balance of each such REMIC Regular Interest shall be reduced by all distributions of principal made on such REMIC Regular Interest on such Distribution Date pursuant to Section 4.04 and, if and to the extent necessary and appropriate, shall be further reduced on such Distribution Date by Realized Losses as provided in Section 4.05. The Uncertificated Principal Balances of REMIC 3 Regular Interest 1-ZZ and REMIC 3 Regular Interest 2-ZZ shall be increased by interest deferrals as provided in Sections 4.04(c)(1)(ii) and 4.04(c)(2)(ii), respectively. The Uncertificated Principal Balance of each REMIC Regular Interest shall never be less than zero.

“Uncertificated REMIC 1 Pass-Through Rate”: With respect to REMIC 1 Regular Interests OC and P and any Distribution Date, a per annum rate equal to the Group 1 Net Mortgage Rate for such Distribution Date.

With respect to each REMIC 1 Regular Interest ending with the designation “A” and any Distribution Date, a per annum rate equal to the Group 1 Net Mortgage Rate for such Distribution Date multiplied by 2, subject to a maximum rate equal to 2 multiplied by the per annum fixed rate set forth in the Group 1 Interest Rate Swap Agreement to be used in determining the Group 1 Net Swap Payment under such agreement for such Distribution Date.

With respect to each REMIC 1 Regular Interest ending with the designation “B” and any Distribution Date, a per annum rate equal to the greater of (x) the excess of (1) 2 multiplied by the Group 1 Net Mortgage Rate for such Distribution Date over (2) 2 multiplied by the per annum fixed rate set forth in the Group 1 Interest Rate Swap Agreement to be used in determining the Group 1 Net Swap Payment under such agreement for such Distribution Date, and (y) 0.00%.

“Uncertificated REMIC 2 Pass-Through Rate”: With respect to REMIC 2 Regular Interests OC and P and any Distribution Date, a per annum rate equal to the Group 2 Net Mortgage Rate for such Distribution Date.

With respect to each REMIC 2 Regular Interest ending with the designation “A” and any Distribution Date, a per annum rate equal to the Group 2 Net Mortgage Rate for such Distribution Date, multiplied by 2, subject to a maximum rate equal to 2 multiplied by the per annum fixed rate set forth in the Group 2 Interest Rate Swap Agreement to be used in determining the Group 2 Net Swap Payment under such agreement for such Distribution Date.

With respect to each REMIC 2 Regular Interest ending with the designation “B” and any Distribution Date, a per annum rate equal to the greater of (x) the excess of (1) 2 multiplied by the Group 2 Net Mortgage Rate for such Distribution Date over (2) 2 multiplied by the per annum fixed rate set forth in the Group 2 Interest Rate Swap Agreement to be used in determining the Group 2 Net Swap Payment under such agreement for such Distribution Date, and (y) 0.00%.

“Uncertificated REMIC 3 Pass-Through Rate”: With respect to each REMIC 3 Group 1 Regular Interest (other than REMIC 3 Regular Interest 1-IO) and any Distribution Date, a per annum rate equal to the weighted average of (i) the Uncertificated REMIC 1 Pass-Through Rates for the REMIC 1 Regular Interests ending with the designation “B”, REMIC 1 Regular Interest P and REMIC 1 Regular Interest OC for such Distribution Date, and (ii) the rates listed below for the REMIC 1 Regular Interests ending with the designation “A” for such Distribution Date, in each case weighted on the basis of the Uncertificated Principal Balances of each such REMIC 1 Regular Interest for such Distribution Date:

Distribution Date	REMIC 1 Regular Interest	Rate
1	1-1-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
2	1-2-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A	Uncertificated REMIC 1 Pass-Through Rate
3	1-3-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-2-A	Uncertificated REMIC 1 Pass-Through Rate
4	1-4-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-3-A	Uncertificated REMIC 1 Pass-Through Rate
5	1-5-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-4-A	Uncertificated REMIC 1 Pass-Through Rate
6	1-6-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-5-A	Uncertificated REMIC 1 Pass-Through Rate
7	1-7-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-6-A	Uncertificated REMIC 1 Pass-Through Rate
8	1-8-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-7-A	Uncertificated REMIC 1 Pass-Through Rate
9	1-9-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-8-A	Uncertificated REMIC 1 Pass-Through Rate

10	1-10-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-9-A	Uncertificated REMIC 1 Pass-Through Rate
11	1-11-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-10-A	Uncertificated REMIC 1 Pass-Through Rate
12	1-12-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-11-A	Uncertificated REMIC 1 Pass-Through Rate
13	1-13-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-12-A	Uncertificated REMIC 1 Pass-Through Rate
14	1-14-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-13-A	Uncertificated REMIC 1 Pass-Through Rate
15	1-15-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-14-A	Uncertificated REMIC 1 Pass-Through Rate
16	1-16-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-15-A	Uncertificated REMIC 1 Pass-Through Rate
17	1-17-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-16-A	Uncertificated REMIC 1 Pass-Through Rate
18	1-18-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-17-A	Uncertificated REMIC 1 Pass-Through Rate
19	1-19-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-18-A	Uncertificated REMIC 1 Pass-Through Rate
20	1-20-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-19-A	Uncertificated REMIC 1 Pass-Through Rate
21	1-21-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-20-A	Uncertificated REMIC 1 Pass-Through Rate
22	1-22-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-21-A	Uncertificated REMIC 1 Pass-Through Rate
23	1-23-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-22-A	Uncertificated REMIC 1 Pass-Through Rate
24	1-24-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-23-A	Uncertificated REMIC 1 Pass-Through Rate
25	1-25-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-24-A	Uncertificated REMIC 1 Pass-Through Rate
26	1-26-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-25-A	Uncertificated REMIC 1 Pass-Through Rate
27	1-27-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-26-A	Uncertificated REMIC 1 Pass-Through Rate
28	1-28-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-27-A	Uncertificated REMIC 1 Pass-Through Rate
29	1-29-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-28-A	Uncertificated REMIC 1 Pass-Through Rate
30	1-30-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate

	1-1-A through 1-29-A	Uncertificated REMIC 1 Pass-Through Rate
31	1-31-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-30-A	Uncertificated REMIC 1 Pass-Through Rate
32	1-32-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-31-A	Uncertificated REMIC 1 Pass-Through Rate
33 - 36	1-33-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-32-A	Uncertificated REMIC 1 Pass-Through Rate
37	1-34-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-33-A	Uncertificated REMIC 1 Pass-Through Rate
38	1-35-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-34-A	Uncertificated REMIC 1 Pass-Through Rate
39	1-36-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-35-A	Uncertificated REMIC 1 Pass-Through Rate
40	1-37-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-36-A	Uncertificated REMIC 1 Pass-Through Rate
41	1-38-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-37-A	Uncertificated REMIC 1 Pass-Through Rate
42	1-39-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-38-A	Uncertificated REMIC 1 Pass-Through Rate
43	1-40-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-39-A	Uncertificated REMIC 1 Pass-Through Rate
44	1-41-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-40-A	Uncertificated REMIC 1 Pass-Through Rate
45	1-42-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-41-A	Uncertificated REMIC 1 Pass-Through Rate
46	1-43-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-42-A	Uncertificated REMIC 1 Pass-Through Rate
47	1-44-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-43-A	Uncertificated REMIC 1 Pass-Through Rate
48	1-45-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-44-A	Uncertificated REMIC 1 Pass-Through Rate
49	1-46-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-45-A	Uncertificated REMIC 1 Pass-Through Rate
50	1-47-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-46-A	Uncertificated REMIC 1 Pass-Through Rate
51	1-48-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-47-A	Uncertificated REMIC 1 Pass-Through Rate
52	1-49-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-48-A	Uncertificated REMIC 1 Pass-Through Rate
53	1-50-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-49-A	Uncertificated REMIC 1 Pass-Through Rate
54	1-51-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate

	1-1-A through 1-50-A	Uncertificated REMIC 1 Pass-Through Rate
55	1-52-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-51-A	Uncertificated REMIC 1 Pass-Through Rate
56	1-53-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-52-A	Uncertificated REMIC 1 Pass-Through Rate
57	1-54-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-53-A	Uncertificated REMIC 1 Pass-Through Rate
58	1-55-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-54-A	Uncertificated REMIC 1 Pass-Through Rate
59	1-56-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-55-A	Uncertificated REMIC 1 Pass-Through Rate
60	1-57-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-56-A	Uncertificated REMIC 1 Pass-Through Rate
61	1-58-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-57-A	Uncertificated REMIC 1 Pass-Through Rate
62	1-59-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-58-A	Uncertificated REMIC 1 Pass-Through Rate
63	1-60-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-59-A	Uncertificated REMIC 1 Pass-Through Rate
64	1-61-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-60-A	Uncertificated REMIC 1 Pass-Through Rate
65	1-62-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-61-A	Uncertificated REMIC 1 Pass-Through Rate
66	1-63-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-62-A	Uncertificated REMIC 1 Pass-Through Rate
67	1-64-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-63-A	Uncertificated REMIC 1 Pass-Through Rate
68	1-65-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-64-A	Uncertificated REMIC 1 Pass-Through Rate
69	1-66-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-65-A	Uncertificated REMIC 1 Pass-Through Rate
70	1-67-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-66-A	Uncertificated REMIC 1 Pass-Through Rate
71	1-68-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-67-A	Uncertificated REMIC 1 Pass-Through Rate
72	1-69-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-68-A	Uncertificated REMIC 1 Pass-Through Rate
73	1-70-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-59-A	Uncertificated REMIC 1 Pass-Through Rate
74	1-71-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-70-A	Uncertificated REMIC 1 Pass-Through Rate

75	1-72-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-71-A	Uncertificated REMIC 1 Pass-Through Rate
76	1-73-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-72-A	Uncertificated REMIC 1 Pass-Through Rate
77	1-74-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-73-A	Uncertificated REMIC 1 Pass-Through Rate
78	1-75-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-74-A	Uncertificated REMIC 1 Pass-Through Rate
79	1-76-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-75-A	Uncertificated REMIC 1 Pass-Through Rate
80	1-77-A through 1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-76-A	Uncertificated REMIC 1 Pass-Through Rate
81	1-78-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 1 Pass-Through Rate
	1-1-A through 1-77-A	Uncertificated REMIC 1 Pass-Through Rate
Thereafter	1-1-A through 1-78-A	Uncertificated REMIC 1 Pass-Through Rate

With respect to REMIC 3 Regular Interest 1-IO and any Distribution Date, a per annum rate equal to the excess, if any, of (i) the weighted average of the Uncertificated REMIC 1 Pass-Through Rates for the REMIC 1 Regular Interests ending with the designation “A” for such Distribution Date over (ii) the weighted average of 2 multiplied by Swap LIBOR on the REMIC 1 Regular Interests ending with the designation “A”, subject to a maximum rate of the Uncertificated REMIC 1 Pass-Through Rate for each such REMIC 1 Regular Interest for such Distribution Date, in each case, weighted on the basis of the Uncertificated Principal Balances of each such REMIC 1 Regular Interest for such Distribution Date.

With respect to each REMIC 3 Group 2 Regular Interest (other than REMIC 3 Regular Interest 2-IO) and any Distribution Date, a per annum rate equal to the weighted average of (i) the Uncertificated REMIC 2 Pass-Through Rates for the REMIC 2 Regular Interests ending with the designation “B”, REMIC 2 Regular Interest P and REMIC 2 Regular Interest OC for such Distribution Date, and (ii) the rates listed below for the REMIC 2 Regular Interests ending with the designation “A” for such Distribution Date, in each case weighted on the basis of the Uncertificated Principal Balances of each such REMIC 2 Regular Interest for such Distribution Date:

Distribution Date	REMIC 2 Regular Interest	Rate
1	1-1-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
2	1-2-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A	Uncertificated REMIC 2 Pass-Through Rate
3	1-3-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-2-A	Uncertificated REMIC 2 Pass-Through Rate
4	1-4-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-3-A	Uncertificated REMIC 2 Pass-Through Rate
5	1-5-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate

	1-1-A through 1-4-A	Uncertificated REMIC 2 Pass-Through Rate
6	1-6-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-5-A	Uncertificated REMIC 2 Pass-Through Rate
7	1-7-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-6-A	Uncertificated REMIC 2 Pass-Through Rate
8	1-8-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-7-A	Uncertificated REMIC 2 Pass-Through Rate
9	1-9-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-8-A	Uncertificated REMIC 2 Pass-Through Rate
10	1-10-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-9-A	Uncertificated REMIC 2 Pass-Through Rate
11	1-11-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-10-A	Uncertificated REMIC 2 Pass-Through Rate
12	1-12-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-11-A	Uncertificated REMIC 2 Pass-Through Rate
13	1-13-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-12-A	Uncertificated REMIC 2 Pass-Through Rate
14	1-14-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-13-A	Uncertificated REMIC 2 Pass-Through Rate
15	1-15-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-14-A	Uncertificated REMIC 2 Pass-Through Rate
16	1-16-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-15-A	Uncertificated REMIC 2 Pass-Through Rate
17	1-17-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-16-A	Uncertificated REMIC 2 Pass-Through Rate
18	1-18-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-17-A	Uncertificated REMIC 2 Pass-Through Rate
19	1-19-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-18-A	Uncertificated REMIC 2 Pass-Through Rate
20	1-20-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-19-A	Uncertificated REMIC 2 Pass-Through Rate
21	1-21-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-20-A	Uncertificated REMIC 2 Pass-Through Rate
22	1-22-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-21-A	Uncertificated REMIC 2 Pass-Through Rate
23	1-23-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-22-A	Uncertificated REMIC 2 Pass-Through Rate
24	1-24-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-23-A	Uncertificated REMIC 2 Pass-Through Rate
25	1-25-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-24-A	Uncertificated REMIC 2 Pass-Through Rate

26	1-26-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-25-A	Uncertificated REMIC 2 Pass-Through Rate
27	1-27-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-26-A	Uncertificated REMIC 2 Pass-Through Rate
28	1-28-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-27-A	Uncertificated REMIC 2 Pass-Through Rate
29	1-29-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-28-A	Uncertificated REMIC 2 Pass-Through Rate
30	1-30-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-29-A	Uncertificated REMIC 2 Pass-Through Rate
31	1-31-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-30-A	Uncertificated REMIC 2 Pass-Through Rate
32	1-32-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-31-A	Uncertificated REMIC 2 Pass-Through Rate
33	1-33-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-32-A	Uncertificated REMIC 2 Pass-Through Rate
34	1-34-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-33-A	Uncertificated REMIC 2 Pass-Through Rate
35	1-35-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-34-A	Uncertificated REMIC 2 Pass-Through Rate
36	1-36-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-35-A	Uncertificated REMIC 2 Pass-Through Rate
37	1-37-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-36-A	Uncertificated REMIC 2 Pass-Through Rate
38	1-38-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-37-A	Uncertificated REMIC 2 Pass-Through Rate
39	1-39-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-38-A	Uncertificated REMIC 2 Pass-Through Rate
40	1-40-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-39-A	Uncertificated REMIC 2 Pass-Through Rate
41	1-41-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-40-A	Uncertificated REMIC 2 Pass-Through Rate
42	1-42-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-41-A	Uncertificated REMIC 2 Pass-Through Rate
43	1-43-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-42-A	Uncertificated REMIC 2 Pass-Through Rate
44	1-44-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-43-A	Uncertificated REMIC 2 Pass-Through Rate
45	1-45-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-44-A	Uncertificated REMIC 2 Pass-Through Rate
46	1-46-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate

	1-1-A through 1-45-A	Uncertificated REMIC 2 Pass-Through Rate
47	1-47-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-46-A	Uncertificated REMIC 2 Pass-Through Rate
48	1-48-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-47-A	Uncertificated REMIC 2 Pass-Through Rate
49	1-49-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-48-A	Uncertificated REMIC 2 Pass-Through Rate
50	1-50-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-49-A	Uncertificated REMIC 2 Pass-Through Rate
51	1-51-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-50-A	Uncertificated REMIC 2 Pass-Through Rate
52	1-52-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-51-A	Uncertificated REMIC 2 Pass-Through Rate
53	1-53-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-52-A	Uncertificated REMIC 2 Pass-Through Rate
54	1-54-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-53-A	Uncertificated REMIC 2 Pass-Through Rate
55	1-55-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-54-A	Uncertificated REMIC 2 Pass-Through Rate
56 - 84	1-56-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-55-A	Uncertificated REMIC 2 Pass-Through Rate
85	1-57-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-56-A	Uncertificated REMIC 2 Pass-Through Rate
86	1-58-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-57-A	Uncertificated REMIC 2 Pass-Through Rate
87	1-59-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-58-A	Uncertificated REMIC 2 Pass-Through Rate
88	1-60-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-59-A	Uncertificated REMIC 2 Pass-Through Rate
89	1-61-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-84-A	Uncertificated REMIC 2 Pass-Through Rate
80	1-62-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-61-A	Uncertificated REMIC 2 Pass-Through Rate
91	1-63-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-62-A	Uncertificated REMIC 2 Pass-Through Rate
92	1-64-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-63-A	Uncertificated REMIC 2 Pass-Through Rate
93	1-65-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-64-A	Uncertificated REMIC 2 Pass-Through Rate
94	1-66-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-65-A	Uncertificated REMIC 2 Pass-Through Rate
95	1-67-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate

	1-1-A through 1-66-A	Uncertificated REMIC 2 Pass-Through Rate
96	1-68-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-67-A	Uncertificated REMIC 2 Pass-Through Rate
97	1-69-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-68-A	Uncertificated REMIC 2 Pass-Through Rate
98	1-70-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-69-A	Uncertificated REMIC 2 Pass-Through Rate
99	1-71-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-70-A	Uncertificated REMIC 2 Pass-Through Rate
90	1-72-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-71-A	Uncertificated REMIC 2 Pass-Through Rate
101	1-73-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-72-A	Uncertificated REMIC 2 Pass-Through Rate
102	1-74-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-73-A	Uncertificated REMIC 2 Pass-Through Rate
103	1-75-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-74-A	Uncertificated REMIC 2 Pass-Through Rate
104	1-76-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-75-A	Uncertificated REMIC 2 Pass-Through Rate
105	1-77-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-76-A	Uncertificated REMIC 2 Pass-Through Rate
106	1-78-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-77-A	Uncertificated REMIC 2 Pass-Through Rate
107	1-79-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-78-A	Uncertificated REMIC 2 Pass-Through Rate
108	1-80-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-79-A	Uncertificated REMIC 2 Pass-Through Rate
109	1-81-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-80-A	Uncertificated REMIC 2 Pass-Through Rate
110	1-82-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-81-A	Uncertificated REMIC 2 Pass-Through Rate
111	1-83-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-82-A	Uncertificated REMIC 2 Pass-Through Rate
112	1-84-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-83-A	Uncertificated REMIC 2 Pass-Through Rate
113	1-85-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-84-A	Uncertificated REMIC 2 Pass-Through Rate
114	1-86-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-85-A	Uncertificated REMIC 2 Pass-Through Rate
115	1-87-A through 1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-86-A	Uncertificated REMIC 2 Pass-Through Rate

116	1-88-A	2 multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated REMIC 2 Pass-Through Rate
	1-1-A through 1-87-A	Uncertificated REMIC 2 Pass-Through Rate
thereafter	1-1-A through 1-88-A	Uncertificated REMIC 2 Pass-Through Rate

With respect to REMIC 3 Regular Interest 2-IO and any Distribution Date, a per annum rate equal to the excess of (i) the weighted average of the Uncertificated REMIC 2 Pass-Through Rates for the REMIC 2 Regular Interests ending with the designation “A” for such Distribution Date over (ii) the weighted average of 2 multiplied by Swap LIBOR on the REMIC 2 Regular Interests ending with the designation “A”, subject to a maximum rate of the Uncertificated REMIC 2 Pass-Through Rate for each such REMIC 2 Regular Interest for such Distribution Date, in each case, weighted on the basis of the Uncertificated Principal Balances of each such REMIC 2 Regular Interest for such Distribution Date.

“Uninsured Cause”: Any cause of damage to property subject to a Mortgage such that the complete restoration of such property is not fully reimbursable by the hazard insurance policies or flood insurance policies required to be maintained pursuant to Section 3.13.

“United States Person”: A citizen or resident of the United States, a corporation or a partnership (including an entity treated as a corporation or partnership for United States federal income tax purposes) created or organized in, or under the laws of, the United States or any State thereof or the District of Columbia (except, in the case of a partnership, to the extent provided in regulations) provided that, for purposes solely of the restrictions on the transfer of Class R Certificates, no partnership or other entity treated as a partnership for United States federal income tax purposes shall be treated as a United States Person unless all persons that own an interest in such partnership either directly or through any entity that is not a corporation for United States federal income tax purposes are required by the applicable operative agreement to be United States Persons or an estate whose income is subject to United States federal income tax regardless of its source, or a trust if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more such United States Persons have the authority to control all substantial decisions of the trust. To the extent prescribed in regulations by the Secretary of the Treasury, which have not yet been issued, a trust which was in existence on August 20, 1996 (other than a trust treated as owned by the grantor under subpart E of part I of subchapter J of chapter 1 of the Code), and which was treated as a United States person on August 20, 1996 may elect to continue to be treated as a United States person notwithstanding the previous sentence.

“Unpaid Interest Shortfall Amount”: For each Class of Offered Certificates and the Class 1-B Certificates, and any Distribution Date, the amount, if any, by which (a) the sum of (1) the Monthly Interest Distributable Amount for such Class for such Distribution Date and (2) the outstanding Unpaid Interest Shortfall Amount, if any, for such Class for the immediately preceding Distribution Date exceeds (b) the aggregate amount distributed on such Class in respect of interest pursuant to clause (a) of this definition on such Distribution Date, plus interest on the amount of Unpaid Interest Shortfall Amount due but not paid on such Class on the immediately preceding Distribution Date, to the extent permitted by law, at the Pass-Through Rate for such Class for the related Accrual Period.

“Voting Rights”: The portion of the voting rights of all of the Certificates which is allocated to any Certificate. At all times during the term of this Agreement, (i) 98% of all Voting Rights will be allocated among the Holders of the Class A Certificates, the Subordinate Certificates and the Class C Certificates in proportion to the then outstanding Certificate Principal Balances of their respective Certificates, (ii) 1% of all Voting Rights will be allocated to the Holders of the Class P Certificates and (iii) 1% of all Voting Rights will be allocated to the Holders of the Class R Certificates. The Voting Rights allocated to any Class of Certificates shall be allocated among all Holders of the Certificates of such Class in proportion to the outstanding Percentage Interests in such Class represented thereby.

Section 1.02. Determination of LIBOR.

LIBOR applicable to the calculation of the Pass-Through Rate on the Class A Certificates and Subordinate Certificates for any Accrual Period will be determined on each LIBOR Rate Adjustment Date.

On each LIBOR Rate Adjustment Date, LIBOR shall be established by the Trustee and, as to any Accrual Period, will equal the rate for one month United States dollar deposits that appears on the Telerate Screen Page 3750 as of 11:00 a.m., London time, on such LIBOR Rate Adjustment Date. “Telerate Screen Page 3750” means the display designated as page 3750 on the Telerate Service (or such other page as may replace page 3750 on that service for the purpose of displaying London interbank offered rates of major banks). If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, LIBOR shall be so established by use of such other service for displaying LIBOR or comparable rates as may be selected by the Trustee after consultation with the Master Servicer), the rate will be the Reference Bank Rate. The “Reference Bank Rate” will be determined on the basis of the rates at which deposits in U.S. Dollars are offered by the reference banks (which shall be any three major banks that are engaged in transactions in the London interbank market, selected by the Trustee after consultation with the Master Servicer) as of 11:00 a.m., London time, on the LIBOR Rate Adjustment Date to prime banks in the London interbank market for a period of one month in amounts approximately equal to the aggregate Certificate Principal Balance of the Class A Certificates and Subordinate Certificates then outstanding. The Trustee will request the principal London office of each of the reference banks to provide a quotation of its rate. If at least two such quotations are provided, the rate will be the arithmetic mean of the quotations rounded up to the next multiple of 1/16%. If on such date fewer than two quotations are provided as requested, the rate will be the arithmetic mean of the rates quoted by one or more major banks in New York City, selected by the Trustee after consultation with the Master Servicer, as of 11:00 a.m., New York City time, on such date for loans in U.S. Dollars to leading European banks for a period of one month. If no such quotations can be obtained, the rate will be LIBOR for the prior Distribution Date; provided however, if, under the priorities described above, LIBOR for a Distribution Date would be based on LIBOR for the previous Distribution Date for the third consecutive Distribution Date, the Trustee shall select an alternative comparable index after consultation with the Master Servicer (over which the Trustee has no control), used for determining one-month Eurodollar lending rates that is calculated and published (or otherwise made available) by an independent party.

The establishment of LIBOR by the Trustee on any LIBOR Rate Adjustment Date and the Trustee’s subsequent calculation of the Pass-Through Rate applicable to the Class A Certificates and Subordinate Certificates for the relevant Accrual Period, in the absence of manifest error, will be final and binding.

Promptly following each LIBOR Rate Adjustment Date the Trustee shall supply the Master Servicer with the results of its determination of LIBOR on such date. Furthermore, the Trustee will supply to any Certificateholder so requesting by telephone the Pass-Through Rate on the Class A Certificates and Subordinate Certificates for the current and the immediately preceding Accrual Period.

Section 1.03. Allocation of Certain Interest Shortfalls.

For purposes of calculating the amount of the Monthly Interest Distributable Amount for the Class A Certificates, the Subordinate Certificates and the Class C Certificates for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the related Mortgage Loans for any Distribution Date shall be allocated first, among the related Class C Certificates, based on, and to the extent of, one month's interest at the then applicable Pass-Through Rate on the related Notional Balance of each such Certificate and, thereafter, among the Class A Certificates and the Subordinate Certificates on a pro rata basis, based on, and to the extent of, one month's interest at the then applicable respective Pass-Through Rates on the respective Certificate Principal Balances of each such Certificate.

For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of Loan Group 1 shall be allocated first, to REMIC 1 Regular Interests ending with the designation “B” and REMIC 1 Regular Interests OC and P, pro rata, based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular Interest, and then, to REMIC 1 Regular Interests ending with the designation “A”, pro rata, based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular Interest.

For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of Loan Group 2 shall be allocated first, to REMIC 2 Regular Interests ending with the designation “B” and REMIC 2 Regular Interests OC and P, pro rata, based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 2 Regular Interest, and then, to REMIC 2 Regular Interests ending with the designation “A”, pro rata, based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 2 Regular Interest.

For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 3 Group 1 Regular Interests (other than REMIC 3 Regular Interest 1-IO) for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Loan Group 1 for any Distribution Date shall be allocated first, to Uncertificated Accrued Interest payable to REMIC 3 Regular Interest 1-AA and REMIC 3 Regular Interest 1-ZZ up to an aggregate amount equal to the REMIC 3 Group 1 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 3 Regular Interest 1-AA, each REMIC 3 Group 1 Regular Interest for which a Class 1-A, Class 1-M, Class 1-B or Class 1-P Certificate is the Corresponding Certificate and REMIC 3 Regular Interest 1-ZZ, pro rata, based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 3 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 3 Regular Interest.

For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 3 Group 2 Regular Interests (other than REMIC 3 Regular Interest 2-IO) for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Loan Group 2 for any Distribution Date shall be allocated first, to Uncertificated Accrued Interest payable to REMIC 3 Regular Interest 2-AA and REMIC 3 Regular Interest 2-ZZ up to an aggregate amount equal to the REMIC 3 Group 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 3 Regular Interest 1-AA, each REMIC 3 Group 2 Regular Interest for which a Class 2-A Certificate or Class 2-P Certificate is the Corresponding Certificate and REMIC 3 Regular Interest 2-ZZ, pro rata, based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 3 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 3 Regular Interest.

ARTICLE II

CONVEYANCE OF MORTGAGE LOANS;

ORIGINAL ISSUANCE OF CERTIFICATES

Section 2.01. Conveyance of Mortgage Loans.

The Depositor, as of the Closing Date, and concurrently with the execution and delivery hereof, does hereby assign, transfer, sell, set over and otherwise convey to the Trustee without recourse all the right, title and interest of the Depositor in and to the Mortgage Loans identified on the Mortgage Loan Schedule (exclusive of any prepayment fees and late payment charges received thereon) and all other assets included or to be included in the Trust Fund for the benefit of the Certificateholders, including the amount to be deposited by or on behalf of the Depositor into the Net WAC Shortfall Reserve Fund. Such assignment includes all principal and interest received by the Master Servicer on or with respect to the Mortgage Loans (other than payment of principal and interest due on or before the Cut-off Date).

In connection with such transfer and assignment, the Depositor has caused the Sponsor to deliver to, and deposit with the Custodian, as described in the Mortgage Loan Purchase Agreement, with respect to each Mortgage Loan, the following documents or instruments:

(i) the original Mortgage Note endorsed without recourse, “Deutsche Bank National Trust Company, as trustee under the Pooling and Servicing Agreement relating to Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-2” with all intervening endorsements showing an unbroken chain of endorsements from the originator to the Person endorsing it to the Trustee or, with respect to any Mortgage Loan as to which the original Mortgage Note has been permanently lost or destroyed and has not been replaced, a Lost Note Affidavit;

(ii) the original recorded Mortgage, noting the presence of the MIN of the Mortgage Loan and language indicating that the Mortgage Loan is a MOM Loan if the Mortgage Loan is a MOM Loan, with evidence of recording indicated thereon or, if the original Mortgage has not been returned from the public recording office, a copy of the Mortgage certified by the Sponsor or the public recording office in which such Mortgage has been recorded to be a true and complete copy of the original Mortgage submitted for recording;

(iii) unless the Mortgage Loan is registered on the MERS® System, a duly executed original Assignment of the Mortgage, without recourse, in recordable form to Deutsche Bank National Trust Company, as trustee,” or to “Deutsche Bank National Trust Company, as trustee for holders of Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-2”;

(iv) the original recorded Assignment or Assignments of the Mortgage showing an unbroken chain of assignment from the originator thereof to the Person assigning it to the Trustee (or to MERS, if the Mortgage Loan is registered on the MERS® System and noting the presence of a MIN) or, if any such Assignment has not been returned from the applicable public recording office, a copy of such Assignment certified by the Sponsor to be a true and complete copy of the original Assignment submitted to the title insurance company for recording;

(v) the original title insurance policy, or, if such policy has not been issued, any one of an original or a copy of the preliminary title report, title binder or title commitment on the Mortgaged Property with the original policy of the insurance to be delivered promptly following the receipt thereof;

(vi) a copy of the related hazard insurance policy; and

(vii) a true and correct copy of any assumption, modification, consolidation or substitution agreement.

The Sponsor is obligated as described in the Mortgage Loan Purchase Agreement, with respect to the Mortgage Loans, to deliver to the Custodian: (a) either the original recorded Mortgage, or in the event such original cannot be delivered by the Sponsor, a copy of such Mortgage certified as true and complete by the appropriate recording office, in those instances where a copy thereof certified by the Sponsor was delivered to the Custodian pursuant to clause (ii) above; and (b) either the original Assignment or Assignments of the Mortgage, with evidence of recording thereon, showing an unbroken chain of assignment from the originator to the Sponsor, or in the event such original cannot be delivered by the Sponsor, a copy of such Assignment or Assignments certified as true and complete by the appropriate recording office, in those instances where copies thereof certified by the Sponsor were delivered to the Custodian pursuant to clause (iv) above. However, pursuant to the Mortgage Loan Purchase Agreement with respect to the Mortgage Loans, the Sponsor need not cause to be recorded any assignment in any jurisdiction under the laws of which, as evidenced by an Opinion of Counsel delivered by the Sponsor to the Trustee, the Certificate Insurer and the Rating Agencies, the recordation of such assignment is not necessary to protect the Trustee’s interest in the related Mortgage Loan; provided, however, notwithstanding the delivery of any Opinion of Counsel, each assignment shall be submitted for recording by the Sponsor in the manner described above, at no expense to the Trust or the Trustee, upon the earliest to occur of: (i) direction by the Holders of Certificates evidencing at least 25% of the Voting Rights or the Certificate Insurer, (ii) the occurrence of a Event of Default, (iii) the occurrence of a bankruptcy, insolvency or foreclosure relating to the Sponsor, (iv) the occurrence of a servicing transfer as described in Section 7.02 hereof and (v) if the Sponsor is not the Master Servicer and with respect to any one assignment, the occurrence of a bankruptcy, insolvency or foreclosure relating to the Mortgagor under the related Mortgage.

Notwithstanding anything to the contrary contained in this Section 2.01, in those instances where the public recording office retains the original Mortgage after it has been recorded, the Sponsor shall be deemed to have satisfied its obligations hereunder upon delivery to the Custodian of a copy of such Mortgage certified by the public recording office to be a true and complete copy of the recorded original thereof.

If any Assignment is lost or returned unrecorded to the Custodian because of any defect therein, the Sponsor is required, as described in the Mortgage Loan Purchase Agreement with respect to the Mortgage Loans, to prepare a substitute Assignment or cure such defect, as the case may be, and the Sponsor shall cause such Assignment to be recorded in accordance with this section.

The Sponsor is required as described in the Mortgage Loan Purchase Agreement with respect to the Mortgage Loans, to exercise its best reasonable efforts to deliver or cause to be delivered to the Custodian within 120 days of the Closing Date, with respect to the Mortgage Loans, the original or a photocopy of the title insurance policy with respect to each such Mortgage Loan assigned to the Trustee pursuant to this Section 2.01.

In connection with the assignment of any Mortgage Loan registered on the MERS® System, the Sponsor further agrees that it will cause, at the Sponsor's own expense, as of the Closing Date, the MERS® System to indicate that such Mortgage Loans have been assigned by the Sponsor to the Trustee in accordance with this Agreement for the benefit of the Certificateholders and the Certificate Insurer by including (or deleting, in the case of Mortgage Loans which are repurchased in accordance with this Agreement) in such computer files (a) the code in the field which identifies the specific Trustee and (b) the code in the field “Pool Field” which identifies the series of the Certificates issued in connection with such Mortgage Loans. The Depositor further agrees that it will not, and will not permit the Master Servicer to, and the Master Servicer agrees that it will not, alter the codes referenced in this paragraph with respect to any Mortgage Loan during the term of this Agreement unless and until such Mortgage Loan is repurchased in accordance with the terms of this Agreement.

All original documents relating to the Mortgage Loans which are not delivered to the Custodian are and shall be held by the Master Servicer in trust for the benefit of the Trustee on behalf of the Certificateholders and the Certificate Insurer.

Except as may otherwise expressly be provided herein, none of the Depositor, the Master Servicer or the Trustee shall (and the Master Servicer shall ensure that no Sub-Servicer shall) assign, sell, dispose of or transfer any interest in the Trust Fund or any portion thereof, or cause the Trust Fund or any portion thereof to be subject to any lien, claim, mortgage, security interest, pledge or other encumbrance.

It is intended that the conveyance of the Mortgage Loans by the Depositor to the Trustee as provided in this Section be, and be construed as, a sale of the Mortgage Loans as provided for in this Section 2.01 by the Depositor to the Trustee for the benefit of the Certificateholders and the Certificate Insurer. It is, further, not intended that such conveyance be deemed a pledge of the Mortgage Loans by the Depositor to the Trustee to secure a debt or other obligation of the Depositor. However, in the event that the Mortgage Loans are held to be property of the Depositor, or if for any reason this Agreement is held or deemed to create a security interest in the Mortgage Loans, then it is intended that, (a) this Agreement shall also be deemed to be a security agreement within the meaning of Articles 8 and 9 of the New York Uniform Commercial Code and the Uniform Commercial Code of any other applicable jurisdiction; (b) the conveyance provided for in this Section shall be deemed to be (1) a grant by the Depositor to the Trustee of a security interest in all of the Depositor's right (including the power to convey title thereto), title and interest, whether now owned or hereafter acquired, in and to (A) the Mortgage Loans, including the Mortgage Notes, the Mortgages, any related Insurance Policies and all other documents in the related Mortgage Files, (B) all amounts payable to the holders of the Mortgage Loans in accordance with the terms thereof and (C) all proceeds of the conversion, voluntary or involuntary, of the foregoing into cash, instruments, securities or other property, including without limitation all amounts from time to time held or invested in the Certificate Account or the Custodial Account, whether in the form of cash, instruments, securities or other property and (2) an assignment by the Depositor to the Trustee of any security interest in any and all of the Sponsor's right (including the power to convey title thereto), title and interest, whether now owned or hereafter acquired, in and to the property described in the foregoing clauses (1)(A) through (C); (c) the possession by the Trustee or any other Custodian or agent of the Trustee of Mortgage Notes and such other items of property as constitute instruments, money, negotiable documents or chattel paper shall be deemed to be “possession by the secured party” or possession by a purchaser or a person designated by such secured party, for purposes of perfecting the security interest pursuant to the New York Uniform Commercial Code and the Uniform Commercial Code of any other applicable jurisdiction (including, without limitation, Sections 9-115, 9-305, 8-102, 8-301, 8-501 and 8-503 thereof); and (d) notifications to persons holding such property, and acknowledgments, receipts or confirmations from persons holding such property, shall be deemed notifications to, or acknowledgments, receipts or confirmations from, financial intermediaries, bailees or agents (as applicable) of the Trustee for the purpose of perfecting such security interest under applicable law. The Depositor and the Trustee shall, to the extent consistent with this Agreement, take such actions as may be necessary to ensure that, if this Agreement were deemed to create a security interest in the Mortgage Loans, such security interest would be deemed to be a perfected security interest of first priority under applicable law and will be maintained as such throughout the term of the Agreement.

Concurrently with the execution of this Agreement, the Interest Rate Swap Agreements and Cap Contracts shall be delivered to the Trustee. In connection therewith, the Company hereby directs the Trustee, as Supplemental Interest Trust Trustee (not in its individual capacity, but solely in its capacity as Supplemental Interest Trust Trustee), to execute and deliver the related Interest Rate Swap Agreement and to exercise the rights, perform the obligations, and make the representations of Party B (as defined therein) as set forth in the related Interest Rate Swap Agreement and as provided in this Agreement on the Closing Date and thereafter. In addition, the Trustee, as Supplemental Interest Trust Trustee (not in its individual capacity, but solely in its capacity as Supplemental Interest Trust Trustee), is hereby directed to execute and deliver the related Cap Contracts on behalf of Party B (as defined therein) and to exercise the rights, perform the obligations, and make the representations of Party B as set forth in the related Cap Contracts and as provided in this Agreement on the Closing Date and thereafter. The Seller, the Servicer, the Depositor and the related Certificateholders, by acceptance of their Certificates, acknowledge and agree the Trustee, as Supplemental Interest Trust Trustee, shall execute and deliver the related Interest Rate Swap Agreement and Cap Contracts on behalf of Party B (as defined therein) and to exercise the rights, perform the obligations, and make the representations of Party B as set forth in the related Interest Rate Swap Agreement and Cap Contracts and as provided in this Agreement and shall do so solely in its capacity as Supplemental Interest Trust Trustee and not in its individual capacity.

Every provision of this Agreement relating to the conduct or affecting the liability of or affording protection to the Supplemental Interest Trust Trustees shall apply to each Supplemental Interest Trust Trustee’s execution of the related Interest Rate Swap Agreement and Cap Contracts, and the performance of its duties and satisfaction of its obligations on behalf of Party B thereunder.

Section 2.02. Acceptance of the Trust Fund by the Trustee.

The Custodian, with respect to the Mortgage Files held by it, acknowledges receipt (subject to any exceptions noted in the Initial Certification described below) on behalf of the Trustee, of the documents referred to in Section 2.01 above and all other assets included in the definition of “Trust Fund” and declares that it holds and will hold such documents and the other documents delivered to it constituting the Mortgage Files, and that it holds or will hold such other assets included in the definition of “Trust Fund” (to the extent delivered or assigned to the Trustee), in trust for the exclusive use and benefit of all present and future Certificateholders and the Certificate Insurer.

The Custodian agrees, for the benefit of the Certificateholders and the Certificate Insurer, to review or cause to be reviewed on its behalf, each Mortgage File on or before the Closing Date to ascertain that all documents required to be delivered to it are in its possession, and the Custodian agrees to execute and deliver, or cause to be executed and delivered, to the Certificate Insurer, the Depositor and the Master Servicer on the Closing Date, with respect to each Mortgage Loan, an Initial Certification in the form annexed hereto as Exhibit C to the effect that, as to each Mortgage Loan listed in the Mortgage Loan Schedule (other than any Mortgage Loan paid in full or any Mortgage Loan specifically identified in such certification as not covered by such certification), (i) all documents required to be delivered to it pursuant to this Agreement with respect to such Mortgage Loan are in its possession, (ii) such documents have been reviewed by it and appear regular on their face and relate to such Mortgage Loan and (iii) based on its examination and only as to the foregoing documents, the information set forth in items (i), (ii), (iii)(A) and (iv) of the definition of the “Mortgage Loan Schedule” accurately reflects information set forth in the Mortgage File. None of the Custodian, the Trustee or the Master Servicer shall be under any duty to determine whether any Mortgage File should include any of the documents specified in clause (vi) or (vii) of Section 2.01. None of the Custodian, the Trustee or the Master Servicer shall be under any duty or obligation to inspect, review or examine said documents, instruments, certificates or other papers to determine that the same are genuine, enforceable or appropriate for the represented purpose or that they have actually been recorded, or they are in recordable form or that they are other than what they purport to be on their face.

Within 90 days of the Closing Date, with respect to the Mortgage Loans, the Trustee, or the Custodian on its behalf, shall deliver to the Certificate Insurer, the Depositor and the Master Servicer a Final Certification in the form annexed hereto as Exhibit D evidencing the completeness of the Mortgage Files, with any applicable exceptions noted thereon, with respect to all of the Mortgage Loans.

If in the process of reviewing the Mortgage Files and preparing the certifications referred to above the Custodian finds any document or documents constituting a part of a Mortgage File to be missing or defective in any material respect, the Custodian shall promptly notify the Sponsor, the Master Servicer, the Certificate Insurer, the Trustee (if not the Custodian) and the Depositor. The Trustee shall promptly notify the Sponsor of such defect and request that the Sponsor cure any such defect within 60 days from the date on which the Sponsor was notified of such defect, and if the Sponsor does not cure such defect in all material respects during such period, request on behalf of the Certificateholders and the Certificate Insurer that the Sponsor purchase such Mortgage Loan from the Trust Fund at the Purchase Price within 90 days after the date on which the Sponsor was notified of such defect; provided that if such defect would cause the Mortgage Loan to be other than a “qualified mortgage” as defined in Section 860G(a)(3) of the Code, any such cure or repurchase must occur within 90 days from the date such breach was discovered. It is understood and agreed that the obligation of the Sponsor to cure a material defect in, or purchase any Mortgage Loan as to which a material defect in a constituent document exists shall constitute the sole remedy respecting such defect available to Certificateholders, the Certificate Insurer or the Trustee on behalf of Certificateholders. The Purchase Price for the purchased Mortgage Loan shall be deposited or caused to be deposited upon receipt by the Master Servicer in the Custodial Account and, upon receipt by the Trustee of written notification of such deposit signed by a Servicing Officer, the Custodian shall release or cause to be released to the Sponsor the related Mortgage File and shall execute and deliver such instruments of transfer or assignment, in each case without recourse, as the Sponsor shall require as necessary to vest in the Sponsor ownership of any Mortgage Loan released pursuant hereto and at such time the Trustee and the Custodian shall have no further responsibility with respect to the related Mortgage File. In furtherance of the foregoing, if the Sponsor is not a member of MERS and the Mortgage is registered on the MERS® System, the Master Servicer, at its own expense and without any right of reimbursement, shall cause MERS to execute and deliver an assignment of the Mortgage in recordable form to transfer the Mortgage from MERS to the Sponsor and shall cause such Mortgage to be removed from registration on the MERS® System in accordance with MERS' rules and regulations.

Section 2.03. Representations, Warranties and Covenants of the Master Servicer and the Depositor.

(a) The Master Servicer hereby represents and warrants to and covenants with the Depositor and the Trustee for the benefit of Certificateholders and the Certificate Insurer that:

(i) The Master Servicer is, and throughout the term hereof shall remain, a corporation duly organized, validly existing and in good standing under the laws of the state of its incorporation (except as otherwise permitted pursuant to Section 6.02), the Master Servicer is, and shall remain, in compliance with the laws of each state in which any Mortgaged Property is located to the extent necessary to perform its obligations under this Agreement, and the Master Servicer is, and shall remain, approved to sell mortgage loans to and service mortgage loans for Xxxxxx Xxx and Xxxxxxx Mac;

(ii) The execution and delivery of this Agreement by the Master Servicer, and the performance and compliance with the terms of this Agreement by the Master Servicer, will not violate the Master Servicer's articles of incorporation or bylaws or constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in the breach of, any material agreement or other instrument to which it is a party or which is applicable to it or any of its assets;

(iii) The Master Servicer has the full power and authority to enter into and consummate all transactions contemplated by this Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered this Agreement;

(iv) This Agreement, assuming due authorization, execution and delivery by the Depositor and the Trustee, constitutes a valid, legal and binding obligation of the Master Servicer, enforceable against the Master Servicer in accordance with the terms hereof, subject to (A) applicable bankruptcy, insolvency, reorganization, moratorium and other laws affecting the enforcement of creditors' rights generally, and (B) general principles of equity, regardless of whether such enforcement is considered in a proceeding in equity or at law;

(v) The Master Servicer is not in violation of, and its execution and delivery of this Agreement and its performance and compliance with the terms of this Agreement will not constitute a violation of, any law, any order or decree of any court or arbiter, or any order, regulation or demand of any federal, state or local governmental or regulatory authority, which violation is likely to affect materially and adversely either the ability of the Master Servicer to perform its obligations under this Agreement or the financial condition of the Master Servicer;

(vi) No litigation is pending (other than litigation with respect to which pleadings or documents have been filed with a court, but not served on the Master Servicer) or, to the best of the Master Servicer's knowledge, threatened against the Master Servicer which would prohibit its entering into this Agreement or performing its obligations under this Agreement or is likely to affect materially and adversely either the ability of the Master Servicer to perform its obligations under this Agreement or the financial condition of the Master Servicer;

(vii) The Master Servicer will comply in all material respects in the performance of this Agreement with all reasonable rules and requirements of each insurer under each Insurance Policy;

(viii) The execution of this Agreement and the performance of the Master Servicer's obligations hereunder do not require any license, consent or approval of any state or federal court, agency, regulatory authority or other governmental body having jurisdiction over the Master Servicer, other than such as have been obtained;

(ix) No information, certificate of an officer, statement furnished in writing or report delivered to the Depositor, any affiliate of the Depositor or the Trustee by the Master Servicer in its capacity as Master Servicer, and not in its capacity as a Sponsor hereunder, will, to the knowledge of the Master Servicer, contain any untrue statement of a material fact;

(x) The Master Servicer will not waive any Prepayment Charge unless it is waived in accordance with the standard set forth in Section 3.01; and

(xi) The Master Servicer is a member of MERS in good standing, and will comply in all material respects with the rules and procedures of MERS in connection with the servicing of the Mortgage Loans that are registered with MERS.

It is understood and agreed that the representations, warranties and covenants set forth in this Section 2.03(a) shall survive the execution and delivery of this Agreement, and shall inure to the benefit of the Depositor, the Trustee, the Certificate Insurer and the Certificateholders. Upon discovery by the Depositor, the Trustee, the Certificate Insurer or the Master Servicer of a breach of any of the foregoing representations, warranties and covenants that materially and adversely affects the interests of the Depositor, the Certificate Insurer or the Trustee, the party discovering such breach shall give prompt written notice to the other parties. Notwithstanding the foregoing, within 90 days of the earlier of discovery by the Master Servicer or receipt of notice by the Master Servicer of the breach of the covenant of the Master Servicer set forth in Section 2.03(x) above which materially and adversely affects the interests of the Holders of the related Class P Certificates in any Prepayment Charge, the Master Servicer shall remedy such breach as follows: the Master Servicer shall pay the amount of such waived Prepayment Charge, for the benefit of the Holders of the related Class P Certificates, by depositing such amount into the Custodial Account (net of any amount actually collected by the Master Servicer in respect of such Prepayment Charge and remitted by the Master Servicer, for the benefit of the Holders of the related Class P Certificates, in respect of such Prepayment Charge, into the Custodial Account). The foregoing shall not, however, limit any remedies available to the Certificateholders, the Depositor, the Certificate Insurer or the Trustee on behalf of the Certificateholders, pursuant to the Mortgage Loan Purchase Agreement respecting a breach of any of the representations, warranties and covenants contained in the Mortgage Loan Purchase Agreement.

(b) The Depositor hereby represents and warrants to the Master Servicer and the Trustee for the benefit of Certificateholders and the Certificate Insurer that as of the Closing Date, the representations and warranties of the Sponsor with respect to the Mortgage Loans and the remedies therefor that are contained in the Mortgage Loan Purchase Agreement are as set forth in Exhibit I hereto.

It is understood and agreed that the representations and warranties set forth in this Section 2.03(b) shall survive delivery of the respective Mortgage Files to the Custodian, on behalf of the Trustee.

Upon discovery by either the Depositor, the Master Servicer, the Certificate Insurer or the Trustee of a breach of any representation or warranty set forth in this Section 2.03 which materially and adversely affects the interests of the Certificateholders or the Certificate Insurer in any Mortgage Loan, the party discovering such breach shall give prompt written notice to the other parties.

Section 2.04. Representations and Warranties of the Sponsor.

The Depositor hereby assigns to the Trustee for the benefit of Certificateholders and the Certificate Insurer all of its rights (but none of its obligations) in, to and under the Mortgage Loan Purchase Agreement. Insofar as the Mortgage Loan Purchase Agreement relates to such representations and warranties and any remedies provided thereunder for any breach of such representations and warranties, such right, title and interest may be enforced by the Trustee on behalf of the Certificateholders. Upon the discovery by the Depositor, the Master Servicer, the Certificate Insurer or the Trustee of a breach of any of the representations and warranties made in the Mortgage Loan Purchase Agreement in respect of any Mortgage Loan which materially and adversely affects the interests of the Certificateholders or the Certificate Insurer in such Mortgage Loan, the party discovering such breach shall give prompt written notice to the other parties. The Trustee shall promptly notify the Sponsor of such breach and request that the Sponsor shall, within 90 days from the date that the Sponsor was notified or otherwise obtained knowledge of such breach, either (i) cure such breach in all material respects or (ii) purchase such Mortgage Loan from the Trust Fund at the Purchase Price and in the manner set forth in Section 2.02; provided that if such breach would cause the Mortgage Loan to be other than a “qualified mortgage” as defined in Section 860G(a)(3) of the Code, any such cure or repurchase must occur within 90 days from the date such breach was discovered. However, in the case of a breach under the Mortgage Loan Purchase Agreement, subject to the approval of the Depositor the Sponsor shall have the option to substitute a Qualified Substitute Mortgage Loan or Loans for such Mortgage Loan if such substitution occurs within two years following the Closing Date, except that if the breach would cause the Mortgage Loan to be other than a “qualified mortgage” as defined in Section 860G(a)(3) of the Code, any such substitution must occur within 90 days from the date the breach was discovered if such 90 day period expires before two years following the Closing Date. In the event that the Sponsor elects to substitute a Qualified Substitute Mortgage Loan or Loans for a Deleted Mortgage Loan pursuant to this Section 2.04, the Trustee shall enforce the obligation of the Sponsor under the Mortgage Loan Purchase Agreement to deliver to the Trustee and the Master Servicer, as appropriate, with respect to such Qualified Substitute Mortgage Loan or Loans, the original Mortgage Note, the Mortgage, an Assignment of the Mortgage in recordable form, and such other documents and agreements as are required by Section 2.01, with the Mortgage Note endorsed as required by Section 2.01. No substitution will be made in any calendar month after the Determination Date for such month. Monthly Payments due with respect to Qualified Substitute Mortgage Loans in the month of substitution, to the extent received by the Master Servicer or any Sub-Servicer, shall not be part of the Trust Fund and will be retained by the Master Servicer and remitted by the Master Servicer to the Sponsor on the next succeeding Distribution Date. For the month of substitution, distributions to Certificateholders will include the Monthly Payment due on a Deleted Mortgage Loan for such month and thereafter the Sponsor shall be entitled to retain all amounts received in respect of such Deleted Mortgage Loan. The Depositor shall amend or cause to be amended the Mortgage Loan Schedule for the benefit of the Certificateholders and the Certificate Insurer to reflect the removal of such Deleted Mortgage Loan and the substitution of the Qualified Substitute Mortgage Loan or Loans and the Depositor shall deliver the amended Mortgage Loan Schedule to the Trustee. Upon such substitution, the Qualified Substitute Mortgage Loan or Loans shall be subject to the terms of this Agreement in all respects, the Sponsor shall be deemed to have made the representations and warranties with respect to the Qualified Substitute Mortgage Loan contained in the Mortgage Loan Purchase Agreement as of the date of substitution, and the Depositor shall be deemed to have made with respect to any Qualified Substitute Mortgage Loan or Loans, as of the date of substitution, the non-statistical representations and warranties set forth in Exhibit I hereof.

In connection with the substitution of one or more Qualified Substitute Mortgage Loans for one or more Deleted Mortgage Loans, the Master Servicer will determine the amount (the “Substitution Adjustment”), if any, by which the aggregate principal balance of all such Qualified Substitute Mortgage Loans as of the date of substitution is less than the aggregate Stated Principal Balance of all such Deleted Mortgage Loans (in each case after application of the principal portion of the Monthly Payments due in the month of substitution that are to be distributed to Certificateholders in the month of substitution). The Trustee shall enforce the obligation of the Sponsor under the Mortgage Loan Purchase Agreement to provide the Master Servicer on the day of substitution for immediate deposit into the Custodial Account the amount of such shortfall, without any reimbursement therefor. In accordance with the Mortgage Loan Purchase Agreement, the Sponsor shall give notice in writing to the Trustee of such event, which notice shall be accompanied by an Officers’ Certificate as to the calculation of such shortfall and by an Opinion of Counsel to the effect that such substitution will not cause (a) any federal tax to be imposed on REMIC 1, REMIC 2, REMIC 3 or REMIC 4, including without limitation, any federal tax imposed on “prohibited transactions” under Section 860F(a)(1) of the Code or on “contributions after the startup date” under Section 860G(d)(1) of the Code or (b) any of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to fail to qualify as a REMIC at any time that any Certificate is outstanding. The costs of any substitution as described above, including any related assignments, opinions or other documentation in connection therewith shall be borne by the Sponsor.

Except as expressly set forth herein none of the Trustee or the Master Servicer is under any obligation to discover any breach of the above-mentioned representations and warranties. It is understood and agreed that the obligation of the Sponsor to cure such breach, purchase or to substitute for such Mortgage Loan as to which such a breach has occurred and is continuing shall constitute the sole remedy respecting such breach available to Certificateholders or the Trustee on behalf of Certificateholders.

Section 2.05. Issuance of Certificates; Conveyance of REMIC 1 Regular Interests, Class C Interest, Class P Interest and Acceptance of REMIC 2, REMIC 3 and REMIC 4 by the Trustee.

(a) The Trustee acknowledges the assignment to it of the Mortgage Loans and the delivery to it or to a Custodian on its behalf of the Mortgage Files, subject to the provisions of Sections 2.01 and 2.02, together with the assignment to it of all other assets included in the Trust Fund, receipt of which is hereby acknowledged. Concurrently with such assignment and delivery and in exchange therefor, the Trustee, pursuant to the written request of the Depositor executed by an officer of the Depositor, has executed, authenticated and delivered to or upon the order of the Depositor, the Certificates in authorized denominations. The interests evidenced by the Certificates, constitute the entire beneficial ownership interest in the Trust Fund.

(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC 1 Regular Interests and REMIC 2 Regular Interests for the benefit of the holders of the REMIC 3 Regular Interests and the Holders of the Class R Certificates (in respect of the Class R-3 Interest). The Trustee acknowledges receipt of the REMIC 1 Regular Interests and REMIC 2 Regular Interests (all of which are uncertificated) and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC 3 Regular Interests and the Holders of the Class R Certificates (in respect of the Class R-3 Interest). The interests evidenced by the Class R-3 Interest, together with the REMIC 3 Regular Interests, constitute the entire beneficial ownership interest in REMIC 3.

(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC 3 Regular Interests for the benefit of the holders of the REMIC 4 Regular Interests and the Holders of the Class R Certificates (in respect of the Class R-4 Interest). The Trustee acknowledges receipt of the REMIC 3 Regular Interests (which are uncertificated) and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC 4 Regular Interests and the Holders of the Class R Certificates (in respect of the Class R-4 Interest). The interests evidenced by the Class R-4 Interest, together with the REMIC 4 Regular Interests, constitute the entire beneficial ownership interest in REMIC 4.

(c) In exchange for the REMIC 3 Regular Interests and, concurrently with the assignment to the Trustee thereof, pursuant to the written request of the Depositor executed by an officer of the Depositor, the Trustee has executed, authenticated and delivered to or upon the order of the Depositor, the Regular Certificates in authorized denominations evidencing (together with the Class R-4 Interest and Class IO Interests) the entire beneficial ownership interest in REMIC 4.

(d) Concurrently with (i) the assignment and delivery to the Trustee of REMIC 1 (including the Residual Interest therein represented by the Class R-1 Interest) and the acceptance by the Trustee thereof, (ii) the assignment and delivery to the Trustee of REMIC 2 (including the Residual Interest therein represented by the Class R-2 Interest), (iii) the assignment and delivery to the Trustee of REMIC 3 (including the Residual Interest therein represented by the Class R-3 Interest) (iv) the assignment and delivery to the Trustee of REMIC 4 (including the Residual Interest therein represented by the Class R-4 Interest) and the acceptance by the Trustee thereof, the Trustee, from and pursuant to the written request of the Depositor executed by an officer of the Depositor, has executed, authenticated and delivered to or upon the order of the Depositor, the Class R Certificates in authorized denominations evidencing the Class R-1 Interest and Class R-2 Interest and the Class R-3 Interest and Class R-4 Interest, respectively.

Section 2.06. Purposes and Powers of the Trust.

The purpose of the common law trust, as created hereunder, is to engage in the following activities:

(a) acquire and hold the Mortgage Loans and the other assets of the Trust Fund and the proceeds therefrom;

(b) to issue the Certificates sold to the Depositor in exchange for the Mortgage Loans;

(d) to engage in those activities that are necessary, suitable or convenient to accomplish the foregoing or are incidental thereto or connected therewith; and

(e) subject to compliance with this Agreement, to engage in such other activities as may be required in connection with conservation of the Trust Fund and the making of distributions to the Certificateholders.

The trust is hereby authorized to engage in the foregoing activities. The Trustee shall not knowingly and explicity cause the trust to engage in any activity other than in connection with the foregoing or other than as required or authorized by the terms of this Agreement while any Certificate is outstanding, and this Section 2.06 may not be amended, without the consent of the Certificateholders evidencing 51% or more of the aggregate voting rights of the Certificates and the Certificate Insurer.

ARTICLE III

ADMINISTRATION AND SERVICING

OF THE TRUST FUND

Section 3.01. Master Servicer to Act as Master Servicer.

The Master Servicer shall supervise, or take such actions as are necessary to ensure, the servicing and administration of the Mortgage Loans and any REO Property in accordance with this Agreement and its normal servicing practices, which generally shall conform to the standards (i) of the Servicing Guide, if Impac Funding Corporation is Master Servicer, or (ii) if Impac Funding Corporation is not the Master Servicer, of an institution prudently servicing mortgage loans for its own account and shall have full authority to do anything it reasonably deems appropriate or desirable in connection with such servicing and administration. To the extent consistent with the foregoing, the Master Servicer shall waive (or permit a Sub-Servicer to waive) a Prepayment Charge only if such waiver would maximize recovery of total proceeds taking into account the value of such Prepayment Charge and related Mortgage Loan and doing so is standard and customary in servicing mortgage loans similar to the Mortgage Loans (including any waiver of a Prepayment Charge in connection with a refinancing of a Mortgage Loan that is related to a default or a reasonably foreseeable default), and in no event will it waive a Prepayment Charge in connection with a refinancing of a Mortgage Loan that is not related to a default or a reasonably foreseeable default.

The Master Servicer may perform its responsibilities relating to servicing through other agents or independent contractors, but shall not thereby be released from any of its responsibilities as hereinafter set forth. The authority of the Master Servicer, in its capacity as master servicer, and any Sub-Servicer acting on its behalf, shall include, without limitation, the power to (i) consult with and advise any Sub-Servicer regarding administration of a related Mortgage Loan, (ii) approve any recommendation by a Sub-Servicer to foreclose on a related Mortgage Loan, (iii) supervise the filing and collection of insurance claims and take or cause to be taken such actions on behalf of the insured Person thereunder as shall be reasonably necessary to prevent the denial of coverage thereunder, and (iv) effectuate foreclosure or other conversion of the ownership of the Mortgaged Property securing a related Mortgage Loan, including the employment of attorneys, the institution of legal proceedings, the collection of deficiency judgments, the acceptance of compromise proposals, the filing of claims under any Insurance Policy and any other matter pertaining to a Delinquent Mortgage Loan. The authority of the Master Servicer shall include, in addition, the power on behalf of the Certificateholders, the Trustee or any of them to (i) execute and deliver customary consents or waivers and other instruments and documents, (ii) consent to transfer of any related Mortgaged Property and assumptions of the related Mortgage Notes and Security Instruments (in the manner provided in this Agreement) and (iii) collect any Insurance Proceeds and Liquidation Proceeds. If permitted under applicable law without prejudicing any rights of the Trust Fund with respect to any Mortgage Loan, the Master Servicer, with such documentation as local law requires, acting in its own name, may pursue claims on behalf of the Trust Fund. Without limiting the generality of the foregoing, the Master Servicer and any Sub-Servicer acting on its behalf may, and is hereby authorized, and empowered by the Trustee to, execute and deliver, on behalf of itself, the Certificateholders or the Trustee or any of them, any instruments of satisfaction, cancellation, partial or full release, discharge and all other comparable instruments, with respect to the related Mortgage Loans, the Insurance Policies and the accounts related thereto, and the Mortgaged Properties. The Master Servicer may exercise this power in its own name or in the name of a Sub-Servicer.

Subject to Section 3.16, the Trustee shall execute, at the written request of the Master Servicer, and furnish to the Master Servicer and any Sub-Servicer such documents as are necessary or appropriate to enable the Master Servicer or any Sub-Servicer to carry out their servicing and administrative duties hereunder, and the Trustee hereby grants to the Master Servicer a power of attorney to carry out such duties. The Trustee shall not be liable for the actions of the Master Servicer or any Sub-Servicers under such powers of attorney.

In accordance with the standards of the preceding paragraph, the Master Servicer shall advance or cause to be advanced funds as necessary for the purpose of effecting the payment of taxes and assessments on the Mortgaged Properties, which advances shall be reimbursable in the first instance from related collections from the Mortgagors pursuant to Section 3.09, and further as provided in Section 3.11; provided that the Master Servicer shall not be obligated to make such advance if, in its reasonable good faith judgment, the Master Servicer determines that such advance to be a Nonrecoverable Advance.

The Master Servicer is authorized and empowered by the Trustee, on behalf of the Certificateholders and the Trustee, in its own name or in the name of any Sub-Servicer, when the Master Servicer or such Sub-Servicer, as the case may be, believes it is appropriate in its best judgment to register any Mortgage Loan on the MERS® System, or cause the removal from the registration of any Mortgage Loan on the MERS® System, to execute and deliver, on behalf of the Trustee and the Certificateholders or any of them, any and all instruments of assignment and other comparable instruments with respect to such assignment or re-recording of a Mortgage in the name of MERS, solely as nominee for the Trustee and its successors and assigns. Any expenses incurred in connection with the actions described in the preceding sentence shall be borne by the Master Servicer in accordance with Section 3.17, with no right of reimbursement; provided, that if, as a result of MERS discontinuing or becoming unable to continue operations in connection with the MERS System, it becomes necessary to remove any Mortgage Loan from registration on the MERS System and to arrange for the assignment of the related Mortgages to the Trustee, then any related expenses shall be reimbursable to the Master Servicer from the Trust Fund.

Notwithstanding anything in this Agreement to the contrary, the Master Servicer shall not (unless the Mortgagor is in default with respect to the Mortgage Loan or such default is, in the judgment of the Master Servicer, reasonably foreseeable) make or permit any modification, waiver or amendment of any term of any Mortgage Loan that would both (i) effect an exchange or reissuance of such Mortgage Loan under Section 1001 of the Code (or Treasury regulations promulgated thereunder) and (ii) cause any of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to fail to qualify as a REMIC under the Code or the imposition of any tax on “prohibited transactions” or “contributions” after the startup date under the REMIC Provisions.

100

The relationship of the Master Servicer (and of any successor to the Master Servicer under this Agreement) to the Trustee under this Agreement is intended by the parties to be that of an independent contractor and not that of a joint venturer, partner or agent.

Section 3.02. Sub-Servicing Agreements Between Master Servicer and Sub-Servicers.

(a) The Master Servicer may enter into Sub-Servicing Agreements with Sub-Servicers for the servicing and administration of the Mortgage Loans and for the performance of any and all other activities of the Master Servicer hereunder; provided, however, that such agreements would not result in a withdrawal or a downgrading by Standard & Poor's of its rating on any Class of Certificates. Each Sub-Servicer shall be either (i) an institution the accounts of which are insured by the FDIC or (ii) another entity that engages in the business of originating or servicing mortgage loans comparable to the Mortgage Loans, and in either case shall be authorized to transact business in the state or states in which the related Mortgaged Properties it is to service are situated, if and to the extent required by applicable law to enable the Sub-Servicer to perform its obligations hereunder and under the Sub-Servicing Agreement, and in either case shall be a Xxxxxxx Mac or Xxxxxx Mae approved mortgage servicer. Any Sub-Servicing Agreement entered into by the Master Servicer shall include the provision that such Agreement may be immediately terminated (x) with cause and without any termination fee by any Master Servicer hereunder or (y) without cause in which case the Master Servicer shall be responsible for any termination fee or penalty resulting therefrom (except that in the case of Midland acting as a Sub-Servicer, neither the Master Servicer nor any successor Master Servicer shall terminate the related Sub-Servicing Agreement without cause). In addition, each Sub-Servicing Agreement shall provide for servicing of the Mortgage Loans consistent with the terms of this Agreement. The Master Servicer and the Sub-Servicers may enter into Sub-Servicing Agreements and make amendments to the Sub-Servicing Agreements or enter into different forms of Sub-Servicing Agreements providing for, among other things, the delegation by the Master Servicer to a Sub-Servicer of additional duties regarding the administration of the Mortgage Loans; provided, however, that any such amendments or different forms shall be consistent with and not violate the provisions of this Agreement, and that no such amendment or different form shall be made or entered into which could be reasonably expected to be materially adverse to the interests of the Certificate Insurer or Certificateholders, without the consent of the Certificate Insurer or the Holders of Certificates entitled to at least 51% of the Voting Rights. The parties hereto acknowledge that the initial Sub-Servicers shall be Countrywide and Midland.

The Master Servicer has entered into a separate Sub-Servicing Agreement with each of Countrywide and Midland for the servicing and administration of certain of the Mortgage Loans and may enter into additional Sub-Servicing Agreements with Sub-Servicers for the servicing and administration of certain of the Mortgage Loans.

(b) As part of its servicing activities hereunder, the Master Servicer, for the benefit of the Trustee, the Certificate Insurer and the Certificateholders, shall enforce the obligations of each Sub-Servicer under the related Sub-Servicing Agreement. The Certificate Insurer may direct the Master Servicer to enforce any remedies against a defaulting Sub-Servicer. Such enforcement, including, without limitation, the legal prosecution of claims, termination of Sub-Servicing Agreements and the pursuit of other appropriate remedies, shall be in such form and carried out to such an extent and at such time as the Master Servicer, in its good faith business judgment, would require were it the owner of the related Mortgage Loans. The Master Servicer shall pay the costs of such enforcement at its own expense, but shall be reimbursed therefor only (i) from a general recovery resulting from such enforcement only to the extent, if any, that such recovery exceeds all amounts due in respect of the related Mortgage Loan or (ii) from a specific recovery of costs, expenses or attorneys' fees against the party against whom such enforcement is directed.

101

(d) The Master Servicer represents that it will cause any Sub-Servicer to accurately and fully report its borrower credit files to all three credit repositories in a timely manner.

Section 3.03. Successor Sub-Servicers.

The Master Servicer shall be entitled to terminate any Sub-Servicing Agreement and the rights and obligations of any Sub-Servicer pursuant to any Sub-Servicing Agreement in accordance with the terms and conditions of such Sub-Servicing Agreement, except that in the case of Midland such termination may only be for cause. In the event of termination of any Sub-Servicer, all servicing obligations of such Sub-Servicer shall be assumed simultaneously by the Master Servicer without any act or deed on the part of such Sub-Servicer or the Master Servicer, and the Master Servicer either shall service directly the related Mortgage Loans or shall enter into a Sub-Servicing Agreement with a successor Sub-Servicer which qualifies under Section 3.02.

Section 3.04. Liability of the Master Servicer.

Notwithstanding any Sub-Servicing Agreement, any of the provisions of this Agreement relating to agreements or arrangements between the Master Servicer and a Sub-Servicer or reference to actions taken through a Sub-Servicer or otherwise, the Master Servicer shall under all circumstances remain obligated and primarily liable to the Trustee, the Certificate Insurer and Certificateholders for the servicing and administering of the Mortgage Loans and any REO Property in accordance with the provisions of Article III without diminution of such obligation or liability by virtue of such Sub-Servicing Agreements or arrangements or by virtue of indemnification from the Sub-Servicer and to the same extent and under the same terms and conditions as if the Master Servicer alone were servicing and administering the Mortgage Loans. For purposes of this Agreement, the Master Servicer shall be deemed to have received payments on Mortgage Loans when the Sub-Servicer has received such payments. The Master Servicer shall be entitled to enter into any agreement with a Sub-Servicer for indemnification of the Master Servicer by such Sub-Servicer and nothing contained in this Agreement shall be deemed to limit or modify such indemnification.

Section 3.05. No Contractual Relationship Between Sub-Servicers and Trustee or Certificateholders.

Any Sub-Servicing Agreement that may be entered into and any transactions or services relating to the Mortgage Loans involving a Sub-Servicer in its capacity as such and not as an originator shall be deemed to be between the Sub-Servicer and the Master Servicer alone, and the Trustee and Certificateholders shall not be deemed parties thereto and shall have no claims, rights, obligations, duties or liabilities with respect to the Sub-Servicer except as set forth in Section 3.06. The Master Servicer (or the Sub-Servicer of the Group 1 Loans) shall be liable for the payment of any franchise taxes which may be assessed by the California Franchise Tax Board in connection with the activities of the Trust under this Agreement.

102

Section 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.

(a) If the Trustee or its designee shall assume the master servicing obligations of the Master Servicer in accordance with Section 7.02 below, the Trustee, to the extent necessary to permit the Trustee to carry out the provisions of Section 7.02 with respect to the Mortgage Loans, shall succeed to all of the rights and obligations of the Master Servicer under each of the Sub-Servicing Agreements. In such event, the Trustee or its designee as the successor master servicer shall be deemed to have assumed all of the Master Servicer's rights and obligations therein and to have replaced the Master Servicer as a party to such Sub-Servicing Agreements to the same extent as if such Sub-Servicing Agreements had been assigned to the Trustee or its designee as a successor master servicer, except that the Trustee or its designee as a successor master servicer shall not be deemed to have assumed any obligations or liabilities of the Master Servicer arising prior to such assumption (other than the obligation to make any Advances hereunder) and the Master Servicer shall not thereby be relieved of any liability or obligations under such Sub-Servicing Agreements arising prior to such assumption. Nothing in the foregoing shall be deemed to entitle the Trustee or its designee as a successor master servicer at any time to receive any portion of the servicing compensation provided under Section 3.17 except for such portion as the Master Servicer would be entitled to receive.

(b) In the event that the Trustee or its designee as successor master servicer for the Trustee assumes the servicing obligations of the Master Servicer under Section 7.02, upon the reasonable request of the Trustee or such designee as successor master servicer the Master Servicer shall at its own expense deliver to the Trustee, or at its written request to such designee, photocopies of all documents, files and records, electronic or otherwise, relating to the Sub-Servicing Agreements and the related Mortgage Loans or REO Property then being serviced and an accounting of amounts collected and held by it, if any, and will otherwise cooperate and use its reasonable efforts to effect the orderly and efficient transfer of the Sub-Servicing Agreements, or responsibilities hereunder to the Trustee, or at its written request to such designee as successor master servicer.

Section 3.07. Collection of Certain Mortgage Loan Payments.

(a) The Master Servicer will coordinate and monitor remittances by Sub-Servicers to the Master Servicer with respect to the Mortgage Loans in accordance with this Agreement.

(b) The Master Servicer shall make its reasonable efforts to collect or cause to be collected all payments required under the terms and provisions of the Mortgage Loans and shall follow, and use its reasonable efforts to cause Sub-Servicers to follow, collection procedures comparable to the collection procedures of prudent mortgage lenders servicing mortgage loans for their own account to the extent such procedures shall be consistent with this Agreement. Consistent with the foregoing, the Master Servicer may in its discretion (i) waive or permit to be waived any late payment charge, assumption fee, or any penalty interest in connection with the prepayment of a Mortgage Loan and (ii) suspend or reduce or permit to be suspended or reduced regular monthly payments for a period of up to six months, or arrange or permit an arrangement with a Mortgagor for a scheduled liquidation of delinquencies. In the event the Master Servicer shall consent to the deferment of the due dates for payments due on a Mortgage Note, the Master Servicer shall nonetheless make an Advance or, in the case of a Group 1 Loan, shall cause the related Sub-Servicer to make an Advance to the same extent as if such installment were due, owing and delinquent and had not been deferred through liquidation of the Mortgaged Property; provided, however, that the obligation of the Master Servicer or related Sub-Servicer to make an Advance shall apply only to the extent that such Advances are not Nonrecoverable Advances.

103

(c) On each Determination Date, with respect to each Mortgage Loan for which during the related Prepayment Period the Master Servicer has determined that all amounts which it expects to recover from or on account of each such Mortgage Loan have been recovered and that no further Liquidation Proceeds will be received in connection therewith, the Master Servicer shall provide to the Trustee a certificate of a Servicing Officer that such Mortgage Loan became a Liquidated Mortgage Loan in a Cash Liquidation or REO Disposition.

The Master Servicer shall make reasonable efforts to collect all payments called for under the terms and provisions of the Mortgage Loans, and shall, to the extent such procedures shall be consistent with this Agreement and the terms and provisions of any related Insurance Policy, follow such collection procedures as it would follow with respect to mortgage loans comparable to the Mortgage Loans and held for its own account. The Master Servicer shall not be required to institute or join in litigation with respect to collection of any payment (whether under a Mortgage, Mortgage Note, Primary Hazard Insurance Policy or otherwise or against any public or governmental authority with respect to a taking or condemnation) if it reasonably believes that it is prohibited by applicable law from enforcing the provision of the Mortgage or other instrument pursuant to which such payment is required. The Master Servicer shall be responsible for preparing and distributing all information statements relating to payments on the Mortgage Loans, in accordance with all applicable federal and state tax laws and regulations.

Section 3.08. Sub-Servicing Accounts.

In those cases where a Sub-Servicer is servicing a Mortgage Loan pursuant to a Sub-Servicing Agreement, the Sub-Servicer will be required to establish and maintain one or more accounts (collectively, the “Sub-Servicing Account”). The Sub-Servicing Account shall be an Eligible Account and shall otherwise be acceptable to the Master Servicer. All amounts held in a Sub-Servicing Account shall be held in trust for the Trustee for the benefit of the Certificateholders and the Certificate Insurer. Any investment of funds held in such an account shall be in Permitted Investments maturing not later than the Business Day immediately preceding the next Sub-Servicer Remittance Date. The Sub-Servicer will be required to deposit into the Sub-Servicing Account no later than two Business Days after receipt all proceeds of Mortgage Loans received by the Sub-Servicer, less the Excess Servicing Strip (in the case of Loan Group 2) and its servicing compensation and any unreimbursed expenses and advances, to the extent permitted by the Sub-Servicing Agreement. On each Sub-Servicer Remittance Date the Sub-Servicer will be required to remit to the Master Servicer for deposit in the Custodial Account all funds held in the Sub-Servicing Account with respect to any Mortgage Loan as of the Sub-Servicer Remittance Date, after deducting from such remittance the Excess Servicing Strip (in the case of Loan Group 2) and an amount equal to the servicing compensation (including interest on Permitted Investments) and unreimbursed expenses and advances to which it is then entitled pursuant to the related Sub-Servicing Agreement, to the extent not previously paid to or retained by it. In addition, on each Sub-Servicer Remittance Date the Sub-Servicer will be required to remit to the Master Servicer any amounts required to be advanced pursuant to the related Sub-Servicing Agreement. The Sub-Servicer will also be required to remit to the Master Servicer, within five Business Days of receipt, the proceeds of any Principal Prepayment made by the Mortgagor, and, on each Sub-Servicer Remittance Date, the amount of any Insurance Proceeds or Liquidation Proceeds received during the related Prepayment Period.

104

Section 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts.

The Master Servicer and the Sub-Servicers shall establish and maintain one or more accounts (the “Servicing Accounts”), and shall deposit and retain therein all collections from the Mortgagors (or related advances from Sub-Servicers) for the payment of taxes, assessments, Primary Hazard Insurance Policy premiums, and comparable items for the account of the Mortgagors, to the extent that the Master Servicer customarily escrows for such amounts. Withdrawals of amounts so collected from a Servicing Account may be made only to (i) effect payment of taxes, assessments, Primary Hazard Insurance Policy premiums and comparable items; (ii) reimburse the Master Servicer (or a Sub-Servicer to the extent provided in the related Sub-Servicing Agreement) out of related collections for any payments made pursuant to Sections 3.01 (with respect to taxes and assessments), and 3.13 (with respect to Primary Hazard Insurance Policies); (iii) refund to Mortgagors any sums as may be determined to be overages; (iv) payment of investment income to the extent provided in the mortgage loan documentation or (v) clear and terminate the Servicing Account at the termination of this Agreement pursuant to Section 9.01. As part of its servicing duties, the Master Servicer or the Sub-Servicer of the Group 1 Loans shall, if and to the extent required by law, pay to the Mortgagors interest on funds in Servicing Accounts from its or their own funds, without any reimbursement therefor.

Section 3.10. Custodial Account.

(a) The Master Servicer shall establish and maintain one or more accounts (collectively, the “Custodial Account”) in which the Master Servicer shall deposit or cause to be deposited on a daily basis, or as and when received and identified from the Sub-Servicers, the following payments and collections received or made by or on behalf of it subsequent to the Cut-off Date with respect to the Mortgage Loans, or payments received by it prior to the Cut-off Date but allocable to a period subsequent thereto (other than in respect of principal and interest on the Mortgage Loans due on or before the Cut-off Date):

(i) all payments (including advances by a Sub-Servicer) on account of principal, including Principal Prepayments, on the Mortgage Loans;

(ii) all payments (including advances by a Sub-Servicer) on account of interest on the Mortgage Loans, net of any portion thereof retained by the Master Servicer or any Sub-Servicer as servicing fees;

105

(iii) all Insurance Proceeds, other than proceeds that represent reimbursement of costs and expenses incurred by the Master Servicer or any Sub-Servicer in connection with presenting claims under the related Insurance Policies, Liquidation Proceeds and REO Proceeds;

(iv) all proceeds of any Mortgage Loan or REO Property repurchased or purchased in accordance with Sections 2.02, 2.04, 3.14 or 9.01; and all amounts required to be deposited in connection with the substitution of a Qualified Substitute Mortgage Loan pursuant to Section 2.04; and

(v) any amounts required to be deposited pursuant to Section 3.12, 3.13, 3.15 or 3.22.

The foregoing requirements for deposit in the Custodial Account shall be exclusive. In the event the Master Servicer shall deposit in the Custodial Account any amount not required to be deposited therein, it may withdraw such amount from the Custodial Account, any provision herein to the contrary notwithstanding. The Custodial Account shall be maintained as a segregated account, separate and apart from trust funds created for mortgage pass-through certificates of other series, and the other accounts of the Master Servicer.

(b) Funds in the Custodial Account may be invested in Permitted Investments in accordance with the provisions set forth in Section 3.12. The Master Servicer shall give notice to the Trustee and the Depositor of the location of the Custodial Account after any change thereof.

Section 3.11. Permitted Withdrawals From the Custodial Account.

The Master Servicer may, from time to time as provided herein, make withdrawals from the Custodial Account of amounts on deposit therein pursuant to Section 3.10 that are attributable to the Mortgage Loans for the following purposes:

(i) to make deposits into the Certificate Account in the amounts and in the manner provided for in Section 4.01;

(ii) to pay to itself, the Depositor, the Sponsor or any other appropriate person, as the case may be, with respect to each Mortgage Loan that has previously been purchased or repurchased pursuant to Sections 2.02, 2.04, 3.14 or 9.01 all amounts received thereon and not yet distributed as of the date of purchase or repurchase;

(iii) to reimburse itself or any Sub-Servicer for Advances not previously reimbursed, the Master Servicer's or any Sub-Servicer's right to reimbursement pursuant to this clause (iii) being limited to amounts received which represent Late Collections (net of the related servicing fees) of Monthly Payments on Mortgage Loans with respect to which such Advances were made and as further provided in Section 3.15;

(iv) to reimburse or pay itself, the Trustee or the Depositor for expenses incurred by or reimbursable to the Master Servicer, the Trustee or the Depositor pursuant to Sections 3.22, 6.03, 8.05 or 10.01(g), except as otherwise provided in such Sections hereof;

106

(v) to reimburse itself or any Sub-Servicer for costs and expenses incurred by or reimbursable to it relating to the prosecution of any claims pursuant to Section 3.13 that are in excess of the amounts so recovered;

(vi) to reimburse itself or any Sub-Servicer for unpaid Master Servicing Fees, Sub-Servicing Fees and unreimbursed Servicing Advances, the Master Servicer's or any Sub-Servicer's right to reimbursement pursuant to this clause (vi) with respect to any Mortgage Loan being limited to late recoveries of the payments for which such advances were made pursuant to Section 3.01 or Section 3.09 and any other related Late Collections;

(vii) to pay itself as servicing compensation (in addition to the Master Servicing Fee and Sub-Servicing Fee), on or after each Distribution Date, any interest or investment income earned on funds deposited in the Custodial Account for the period ending on such Distribution Date;

(viii) to reimburse itself or any Sub-Servicer for any Advance or Servicing Advance previously made, after a Realized Loss has been allocated with respect to the related Mortgage Loan if the Advance or Servicing Advance was not reimbursed pursuant to clauses (iii) and (vi);

(ix) to pay PMI Insurer the premium under the PMI Insurer Policies;

(x) to clear and terminate the Custodial Account at the termination of this Agreement pursuant to Section 9.01; and

(xi) to reimburse itself or any Sub-Servicer from general collections for any Advance or Servicing Advance made that has been deemed by the Master Servicer to be a Nonrecoverable Advance.

The Master Servicer shall keep and maintain separate accounting records on a Mortgage Loan by Mortgage Loan basis, for the purpose of justifying any withdrawal from the Custodial Account pursuant to such subclauses (ii) through (x). Reconciliations will be prepared for the Custodial Account within 45 Calendar days after the bank statement cut-off date. All items requiring reconciliation will be resolved within 90 calendar days of their original identification.

Section 3.12. Permitted Investments.

Any institution maintaining the Custodial Account shall at the direction of the Master Servicer invest the funds in such account in Permitted Investments, each of which shall mature not later than (i) the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Trustee is the obligor thereon, and (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Trustee is the obligor thereon and shall not be sold or disposed of prior to its maturity. All income and gain realized from any such investment as well as any interest earned on deposits in the Custodial Account shall be for the benefit of the Master Servicer. The Master Servicer shall deposit in the Custodial Account an amount equal to the amount of any loss incurred in respect of any such investment immediately upon realization of such loss without right of reimbursement.

107

The Trustee or its Affiliates are permitted to receive additional compensation that could be deemed to be in the Trustee’s economic self-interest for (i) serving as investment adviser, administrator, shareholder servicing agent, custodian or sub-custodian with respect to certain of the Permitted Investments, (ii) using Affiliates to effect transactions in certain Permitted Investments and (iii) effecting transactions in certain Permitted Investments.

Section 3.13. Maintenance of Primary Hazard Insurance.

The Master Servicer shall cause to be maintained for each Mortgage Loan primary hazard insurance by a Qualified Insurer or other insurer satisfactory to the Rating Agencies with extended coverage on the related Mortgaged Property in an amount equal to the lesser of (i) 100% of the replacement value of the improvements, as determined by the insurance company, on such Mortgaged Property or (ii) the unpaid principal balance of the Mortgage Loan. The Master Servicer shall also cause to be maintained on property acquired upon foreclosure, or deed in lieu of foreclosure, of any Mortgage Loan, fire insurance with extended coverage in an amount equal to the replacement value of the improvements thereon. Any costs incurred in maintaining any insurance described in this Section 3.13 (other than any deductible described in the last paragraph hereof) shall be recoverable as a Servicing Advance. The Master Servicer shall not be obligated to advance any amounts pursuant to this Section 3.13 if, in its good faith judgment, the Master Servicer determines that such advance would be a Nonrecoverable Advance. Pursuant to Section 3.10, any amounts collected by the Master Servicer under any such policies (other than amounts to be applied to the restoration or repair of the related Mortgaged Property or property thus acquired or amounts released to the Mortgagor in accordance with the Master Servicer’s normal servicing procedures) shall be deposited in the Custodial Account, subject to withdrawal pursuant to Section 3.11. Any cost incurred by the Master Servicer in maintaining any such insurance shall not, for the purpose of calculating monthly distributions to Certificateholders, be added to the amount owing under the Mortgage Loan, notwithstanding that the terms of the Mortgage Loan so permit. It is understood and agreed that no earthquake or other additional insurance is to be required of any Mortgagor or maintained on property acquired in respect of a Mortgage Loan other than pursuant to such applicable laws and regulations as shall at any time be in force and as shall require such additional insurance.

The Master Servicer shall, or shall cause the related Sub-Servicer to, exercise its best reasonable efforts to maintain and keep in full force and effect each Primary Insurance Policy by a Qualified Insurer, or other insurer satisfactory to the Rating Agencies, with respect to each first lien Mortgage Loan as to which as of the Cut-Off Date such a Primary Insurance Policy was in effect (or, in the case of a Qualified Substitute Mortgage Loan, the date of substitution) and the original principal amount of the related Mortgage Note exceeded 80% of the Collateral Value in an amount at least equal to the excess of such original principal amount over 75% of such Collateral Value until the principal amount of any such first lien Mortgage Loan is reduced below 80% of the Collateral Value or, based upon a new appraisal, the principal amount of such first lien Mortgage Loan represents less than 80% of the new appraised value. The Master Servicer shall, or shall cause the related Sub-Servicer to, effect the timely payment of the premium on each Primary Insurance Policy. The Master Servicer and the related Sub-Servicer shall have the power to substitute for any Primary Insurance Policy another substantially equivalent policy issued by another Qualified Insurer, provided, that, such substitution shall be subject to the condition that it will not cause the ratings on the Certificates to be downgraded or withdrawn, as evidenced in writing from each Rating Agency.

108

The Master Servicer shall cooperate with the PMI Insurer and shall use its best efforts to furnish all reasonable aid, evidence and information in the possession of the Master Servicer or to which the Master Servicer has access with respect to any PMI Mortgage Loan.

In the event of a default by PMI Insurer under the PMI Insurer Policy (a “Replacement Event”), the Master Servicer shall use its best efforts to obtain a substitute lender-paid primary mortgage insurance policy (a “Substitute PMI Policy”), with the approval of the Certificate Insurer; provided, however, that the Master Servicer shall not be obligated, and shall have no liability for failing, to obtain a Substitute PMI Policy unless such Substitute PMI Policy can be obtained on the following terms and conditions: (i) the Certificates shall be rated no lower than the rating assigned by each Rating Agency to the Certificates immediately prior to such Replacement Event, as evidenced by a letter from each Rating Agency addressed to the Company, the Master Servicer and the Trustee, (ii) the timing and mechanism for drawing on such new Substitute PMI Policy shall be reasonably acceptable to the Master Servicer and the Trustee and (iii) the premiums under the proposed Substitute PMI Policy shall not exceed such premiums under the existing PMI Insurer Policy.

With respect to the PMI Mortgage Loans covered by a PMI Insurer Policy, the Master Servicer will confirm with PMI Insurer, and PMI Insurer will certify to the Trustee, on or before February 1, 2007, that the Mortgage Loans indicated on the Mortgage Loan Schedule as being covered by PMI Insurer Policy are so covered.

No earthquake or other additional insurance is to be required of any Mortgagor or maintained on property acquired with respect to a security instrument other than pursuant to such applicable laws and regulations as shall at any time be in force and shall require such additional insurance. When, at the time of origination of the Mortgage Loan or at any subsequent time, the Mortgaged Property is located in a federally designated special flood hazard area, the Master Servicer shall cause with respect to the Mortgage Loans and each REO Property flood insurance (to the extent available and in accordance with mortgage servicing industry practice) to be maintained. Such flood insurance shall cover the Mortgaged Property, including all items taken into account in arriving at the Collateral Value on which the Mortgage Loan was based, and shall be in an amount equal to the lesser of (i) the Stated Principal Balance of the related Mortgage Loan and (ii) the minimum amount required under the terms of coverage to compensate for any damage or loss on a replacement cost basis, but not more than the maximum amount of such insurance available for the related Mortgaged Property under either the regular or emergency programs of the National Flood Insurance Program (assuming that the area in which such Mortgaged Property is located is participating in such program). Unless applicable state law requires a higher deductible, the deductible on such flood insurance may not exceed $5,000 or 1% of the applicable amount of coverage, whichever is less.

In the event that the Master Servicer shall obtain and maintain a blanket fire insurance policy with extended coverage insuring against hazard losses on all of the Mortgage Loans, it shall conclusively be deemed to have satisfied its obligations as set forth in the first two sentences of this Section 3.13, it being understood and agreed that such policy may contain a deductible clause, in which case the Master Servicer shall, in the event that there shall not have been maintained on the related Mortgaged Property a policy complying with the first two sentences of this Section 3.13 and there shall have been a loss which would have been covered by such policy, deposit in the Certificate Account from its own funds the amount not otherwise payable under the blanket policy because of such deductible clause. Any such deposit by the Master Servicer shall be made on the Certificate Account Deposit Date next preceding the Distribution Date which occurs in the month following the month in which payments under any such policy would have been deposited in the Custodial Account. Any such deposit shall not be deemed Servicing Advances and the Master Servicer shall not be entitled to reimbursement therefor. In connection with its activities as administrator and servicer of the Mortgage Loans, the Master Servicer agrees to present, on behalf of itself, the Trustee and Certificateholders, claims under any such blanket policy.

109

Section 3.14. Enforcement of Due-on-Sale Clauses; Assumption Agreements.

The Master Servicer will, to the extent it has knowledge of any conveyance or prospective conveyance by any Mortgagor of the Mortgaged Property (whether by absolute conveyance or by contract of sale, and whether or not the Mortgagor remains or is to remain liable under the Mortgage Note or the Mortgage), exercise or cause to be exercised its rights to accelerate the maturity of such Mortgage Loan under any “due-on-sale” clause applicable thereto; provided, however, that the Master Servicer shall not exercise any such rights if it reasonably believes that it is prohibited by law from doing so. The Master Servicer or the related Sub-Servicer may repurchase a Mortgage Loan at the Purchase Price when the Master Servicer requires acceleration of the Mortgage Loan, but only if the Master Servicer is satisfied, as evidenced by an Officer's Certificate delivered to the Trustee, that either (i) such Mortgage Loan is in default or default is reasonably foreseeable or (ii) if such Mortgage Loan is not in default or default is not reasonably foreseeable, such repurchase will have no adverse tax consequences for the Trust Fund or any Certificateholder. If the Master Servicer is unable to enforce such “due-on-sale” clause (as provided in the second preceding sentence) or if no “due-on-sale” clause is applicable, the Master Servicer or the Sub-Servicer is authorized to enter into an assumption and modification agreement with the Person to whom such property has been conveyed or is proposed to be conveyed, pursuant to which such Person becomes liable under the Mortgage Note and, to the extent permitted by applicable state law, the Mortgagor remains liable thereon; provided, however, that the Master Servicer shall not enter into any assumption and modification agreement if the coverage provided under the Primary Insurance Policy, if any, would be impaired by doing so. The Master Servicer shall notify the Trustee, whenever possible, before the completion of such assumption agreement, and shall forward to the Custodian the original copy of such assumption agreement, which copy shall be added by the Custodian to the related Mortgage File and which shall, for all purposes, be considered a part of such Mortgage File to the same extent as all other documents and instruments constituting a part thereof. In connection with any such assumption agreement, the interest rate on the related Mortgage Loan shall not be changed and no other material alterations in the Mortgage Loan shall be made unless such material alteration would not cause any of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to fail to qualify as a REMIC for federal income tax purposes, as evidenced by an Opinion of Counsel. The Master Servicer is also authorized to enter into a substitution of liability agreement with such Person, pursuant to which the original Mortgagor is released from liability and such Person is substituted as the Mortgagor and becomes liable under the Mortgage Note. Any fee collected by or on behalf of the Master Servicer for entering into an assumption or substitution of liability agreement will be retained by or on behalf of the Master Servicer as additional servicing compensation. In connection with any such assumption, no material term of the Mortgage Note (including but not limited to the Mortgage Rate, the amount of the Monthly Payment and any other term affecting the amount or timing of payment on the Mortgage Loan) may be changed. The Master Servicer shall not enter into any substitution or assumption if such substitution or assumption shall (i) both constitute a “significant modification” effecting an exchange or reissuance of such Mortgage Loan under the Code (or Treasury regulations promulgated thereunder) and cause any of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to fail to qualify as a REMIC under the REMIC Provisions or (ii) cause the imposition of any tax on “prohibited transactions” or “contributions” after the Startup Day under the REMIC Provisions. The Master Servicer shall notify the Trustee that any such substitution or assumption agreement has been completed and shall forward to the Custodian the original copy of such substitution or assumption agreement, which copy shall be added to the related Mortgage File and shall, for all purposes, be considered a part of such Mortgage File to the same extent as all other documents and instruments constituting a part thereof. A portion equal to up to 2% of the Collateral Value of the related Mortgage Loan, of any fee or additional interest collected by the related Sub-Servicer for consenting in any such conveyance or entering into any such assumption agreement may be retained by the related Sub-Servicer as additional servicing compensation.

110

Notwithstanding the foregoing paragraph or any other provision of this Agreement, the Master Servicer shall not be deemed to be in default, breach or any other violation of its obligations hereunder by reason of any assumption of a Mortgage Loan by operation of law or any assumption that the Master Servicer may be restricted by law from preventing, for any reason whatsoever. For purposes of this Section 3.14, the term “assumption” is deemed to also include a sale of a Mortgaged Property that is not accompanied by an assumption or substitution of liability agreement.

Section 3.15. Realization Upon Defaulted Mortgage Loans.

The Master Servicer shall exercise reasonable efforts, consistent with the procedures that the Master Servicer would use in servicing loans for its own account, to foreclose upon or otherwise comparably convert (which may include an REO Acquisition) the ownership of properties securing such of the Mortgage Loans as come into and continue in default and as to which no satisfactory arrangements can be made for collection of delinquent payments pursuant to Section 3.07, and which are not released from the Trust Fund pursuant to any other provision hereof. The Master Servicer shall use reasonable efforts to realize proceeds from such defaulted Mortgage Loans in such manner (including short sales and passing through to the Trust Fund less than the full amount it expects to receive from the related Mortgage Loan) as will maximize the receipt of principal and interest by Certificateholders, taking into account, among other things, the timing of foreclosure proceedings. The foregoing is subject to the provisions that, in any case in which Mortgaged Property shall have suffered damage from an Uninsured Cause, the Master Servicer shall not be required to expend its own funds toward the restoration of such property unless it shall determine in its sole discretion (i) that such restoration will increase the net proceeds of liquidation of the related Mortgage Loan to Certificateholders and the Certificate Insurer after reimbursement to itself for such expenses, and (ii) that such expenses will be recoverable by the Master Servicer through Insurance Proceeds or Liquidation Proceeds from the related Mortgaged Property, as contemplated in Section 3.11. The Master Servicer shall be responsible for all other costs and expenses incurred by it in any such proceedings; provided, however, that it shall be entitled to reimbursement thereof from the related property, as contemplated in Section 3.11.

111

The proceeds of any Cash Liquidation or REO Disposition, as well as any recovery resulting from a partial collection of Insurance Proceeds or Liquidation Proceeds or any income from an REO Property, will be deposited into the Custodial Account and applied in the following order of priority: first, to reimburse the Master Servicer or any Sub-Servicer for any related unreimbursed Servicing Advances, pursuant to Section 3.11(vi) or 3.22; second, to accrued and unpaid interest on the Mortgage Loan or REO Imputed Interest, at the Mortgage Rate, to the date of the Cash Liquidation or REO Disposition, or to the Due Date prior to the Distribution Date on which such amounts are to be distributed if not in connection with a Cash Liquidation or REO Disposition; and third, as a recovery of principal of the Mortgage Loan. If the amount of the recovery so allocated to interest is less than a full recovery thereof, that amount will be allocated as follows: first, to unpaid Master Servicing Fees or Sub-Servicing Fees; and second, to interest at the Net Mortgage Rate. The portion of the recovery so allocated to unpaid Master Servicing Fees or Sub-Servicing Fees shall be reimbursed to the Master Servicer or any Sub-Servicer pursuant to Section 3.11(vi). The portions of the recovery so allocated to interest at the Net Mortgage Rate and to principal of the Mortgage Loan shall be applied as follows: first, to reimburse the Master Servicer or any Sub-Servicer for any related unreimbursed Advances in accordance with Section 3.11(iii) or 3.22, second, payment to the PMI Insurer in accordance with Sections 3.11(ix) and third, for payment to the Trustee and distribution to the Certificateholders in accordance with the provisions of Section 4.01, subject to Section 3.22 with respect to certain recoveries from an REO Disposition constituting Excess Proceeds. To the extent the Master Servicer receives additional recoveries following a Cash Liquidation, the amount of the Realized Loss will be restated, and the additional recoveries will be passed through the Trust Fund as Liquidation Proceeds.

The Master Servicer, on behalf of the Trust, may also, in its discretion, as an alternative to foreclosure, sell defaulted Mortgage Loans at fair market value to third-parties, if the Master Servicer reasonably believes that such sale would maximize proceeds to the Certificateholders in the aggregate (on a present value basis) with respect to that Mortgage Loan.

Section 3.16. Trustee to Cooperate; Release of Mortgage Files.

Upon the payment in full of any Mortgage Loan, or the receipt by the Master Servicer of a notification that payment in full shall be escrowed in a manner customary for such purposes, the Master Servicer will immediately notify the Trustee by a certification (which certification shall include a statement to the effect that all amounts received or to be received in connection with such payment which are required to be deposited in the Custodial Account pursuant to Section 3.10 have been or will be so deposited) of a Servicing Officer and shall request delivery to it of the Mortgage File in the form of the Request for Release attached hereto as Exhibit F-2. Upon receipt by the Custodian of such certification and request, such Custodian shall promptly release the related Mortgage File to the Master Servicer. Subject to the receipt by the Master Servicer of the proceeds of such payment in full and the payment of all related fees and expenses, the Master Servicer shall arrange for the release to the Mortgagor of the original canceled Mortgage Note. In connection with the satisfaction of any MOM Loan, the Master Servicer is authorized to cause the removal from the registration on the MERS® System of such Mortgage. All other documents in the Mortgage File shall be retained by the Master Servicer to the extent required by applicable law. The Master Servicer shall provide for preparation of the appropriate instrument of satisfaction covering any Mortgage Loan which pays in full and the Trustee shall cooperate in the execution and return of such instrument to provide for its delivery or recording as may be required. No expenses incurred in connection with any instrument of satisfaction or deed of reconveyance shall be chargeable to the Custodial Account or the Certificate Account.

112

From time to time and as appropriate for the servicing or foreclosure of any Mortgage Loan, including, for this purpose, collection under any insurance policy relating to the Mortgage Loan, the Custodian shall, upon request of the Master Servicer and delivery to the Custodian of a Request for Release in the form attached hereto as Exhibit F-1, release the related Mortgage File to the Master Servicer and the Trustee shall execute such documents as the Master Servicer shall prepare and request as being necessary to the prosecution of any such proceedings. Such Request for Release shall obligate the Master Servicer to return each document previously requested from the Mortgage File to the Custodian when the need therefor by the Master Servicer no longer exists; and in any event within 21 days of the Master Servicer's receipt thereof, unless the Mortgage Loan has been liquidated and the Liquidation Proceeds relating to the Mortgage Loan have been deposited in the Custodial Account or the Mortgage File or such document has been delivered to an attorney, or to a public trustee or other public official as required by law, for purposes of initiating or pursuing legal action or other proceedings for the foreclosure of the Mortgaged Property either judicially or non-judicially, and the Master Servicer has delivered to the Trustee a certificate of a Servicing Officer certifying as to the name and address of the Person to which such Mortgage File or such document was delivered and the purpose or purposes of such delivery. Upon receipt of a Request for Release stating that such Mortgage Loan was liquidated and that all amounts received or to be received in connection with such liquidation which are required to be deposited into the Custodial Account have been or will be so deposited, or that such Mortgage Loan has become an REO Property, a copy of the Request for Release shall be released by the Trustee to the Master Servicer.

Upon written request of a Servicing Officer, the Trustee shall execute and deliver to the Master Servicer any court pleadings, requests for trustee’s sale or other documents prepared by the Master Servicer that are necessary to the foreclosure or trustee’s sale in respect of a Mortgaged Property or to any legal action brought to obtain judgment against any Mortgagor on the Mortgage Note or Mortgage or to obtain a deficiency judgment, or to enforce any other remedies or rights provided by the Mortgage Note or Mortgage or otherwise available at law or in equity. Each such request that such pleadings or documents be executed by the Trustee shall include a certification signed by a Servicing Officer as to the reason such documents or pleadings are required and that the execution and delivery thereof by the Trustee will not invalidate or otherwise affect the lien of the Mortgage, except for the termination of such a lien upon completion of the foreclosure or trustee’s sale.

113

Section 3.17. Servicing Compensation.

As compensation for its activities hereunder, the Master Servicer shall be entitled to withhold and retain, from deposits to the Custodial Account of amounts representing payments or recoveries of interest, the Master Servicing Fees and Sub-Servicing Fees with respect to each Mortgage Loan (less any portion of such amounts retained by any Sub-Servicer). In addition, the Master Servicer shall be entitled to recover unpaid Master Servicing Fees and Sub-Servicing Fees out of related Late Collections to the extent permitted in Section 3.11.

Each Sub-Servicing Agreement shall permit the related Sub-Servicer to retain the Sub-Servicer Fees from collections on the related Mortgage Loans, or shall provide that the Sub-Servicer be paid directly by the Master Servicer from collections on the related Mortgage Loans. To the extent the Master Servicer directly services a Mortgage Loan, the Master Servicer shall be entitled to retain the Sub-Servicing Fees for that Mortgage Loan.

The Master Servicer also shall be entitled pursuant to Section 3.11 to receive from the Custodial Account as additional servicing compensation interest or other income earned on deposits therein, subject to Section 3.23, as well as any assumption fees, late payment charges and reconveyance fees. The Master Servicer shall not be entitled to retain any Prepayment Charges. Any Prepayment Charges identified on Exhibit H hereto as belonging to the Class P Certificateholder shall be paid to the Holders of the related Class P Certificates. Any Prepayment Charges identified on Exhibit H hereto as belong to a Sub-Servicer shall be paid to the related Sub-Servicer. The Master Servicer shall be required to pay all expenses incurred by it in connection with its servicing activities hereunder (including payment of the premiums for any blanket policy insuring against hazard losses pursuant to Section 3.13 and servicing compensation of the Sub-Servicer to the extent not retained by it), and shall not be entitled to reimbursement therefor except as specifically provided in Section 3.11. The Master Servicing Fee may not be transferred in whole or in part except in connection with the transfer of all of the Master Servicer's responsibilities and obligations under this Agreement.

Notwithstanding anything herein to the contrary, Midland (and its successors and assigns) shall also be entitled to the Excess Servicing Strip with respect to the Mortgage Loans that it is servicing and may at its option assign or pledge to any third party or retain for itself the Excess Servicing Strip. The Master Servicer (or its successor hereunder, if any) shall pay the Excess Servicing Strip to the holder of the Excess Servicing Strip (i.e., Midland or any such third party) at such time and to the extent the Master Servicer is entitled to receive payment of its Master Servicing Fees hereunder, notwithstanding any resignation or termination of the Master Servicer hereunder. In the event that Midland is terminated or resigns as Sub-Servicer, it (and its successors and assigns) will be entitled to retain the Excess Servicing Strip.

Section 3.18. Maintenance of Certain Servicing Policies.

The Master Servicer shall obtain and maintain at its own expense and shall cause each Sub-Servicer to obtain and maintain for the duration of this Agreement a blanket fidelity bond and an errors and omissions insurance policy covering the Master Servicer's and such Sub-Servicer's officers, employees and other persons acting on its behalf in connection with its activities under this Agreement. The amount of coverage shall be at least equal to the coverage maintained by the Master Servicer or Sub-Servicer in order to be acceptable to Xxxxxx Xxx or Xxxxxxx Mac to service loans for it or otherwise in an amount as is commercially available at a cost that is generally not regarded as excessive by industry standards. The Master Servicer shall promptly notify the Trustee in writing of any material change in the terms of such bond or policy. The Master Servicer shall provide annually to the Trustee a certificate of insurance that such bond and policy are in effect. If any such bond or policy ceases to be in effect, the Master Servicer shall, to the extent possible, give the Trustee ten days' notice prior to any such cessation and shall use its reasonable best efforts to obtain a comparable replacement bond or policy, as the case may be.

114

Section 3.19. Annual Statement as to Compliance.

Not later than March 22nd of each calendar year beginning in 2008, the Master Servicer at its own expense shall deliver to the Trustee via e-mail (XXXXX.Xxxxxxxxxxxxx@xx.xxx), and shall deliver (or otherwise make available) to the Certificate Insurer, a certificate (an “Annual Statement of Compliance”) signed by a Servicing Officer stating, as to the signers thereof, that (i) a review of the activities of the Master Servicer during the preceding calendar year and of performance under this Agreement or other applicable servicing agreement has been made under such officers’ supervision, (ii) to the best of such officers’ knowledge, based on such review, the Master Servicer has fulfilled all its obligations under this Agreement or other applicable servicing agreement in all material respects for such year or portion thereof, or, if there has been a failure to fulfill any such obligation in any material respect, specifying each such failure known to such officer and the nature and status thereof. Such Annual Statement of Compliance shall contain no restrictions or limitations on its use. In the event that the Master Servicer has delegated any servicing responsibilities with respect to the Mortgage Loans to a Sub-Servicer, the Master Servicer shall deliver a similar Annual Statement of Compliance by that Sub-Servicer to the Trustee and the Certificate Insurer as described above as and when required with respect to the Master Servicer.

Failure of the Master Servicer to timely comply with this Section 3.19 shall be deemed an Event of Default, and the Trustee may, in addition to whatever rights the Trustee may have under this Agreement and at law or equity or to damages, including injunctive relief and specific performance, upon notice immediately terminate all the rights and obligations of the Master Servicer under this Agreement and in and to the Mortgage Loans and the proceeds thereof without compensating the Master Servicer for the same. This paragraph shall supersede any other provision in this Agreement or any other agreement to the contrary.

Section 3.20. Assessments of Compliance and Attestation Reports.

Pursuant to Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122(a) of Regulation AB, the Master Servicer shall deliver to the Trustee via e-mail (XXXXX.Xxxxxxxxxxxxx@xx.xxx) and shall deliver (or otherwise make available) to the Certificate Insurer on or before March 22nd of each calendar year beginning in 2008, a report regarding the Master Servicer’s assessment of compliance (an “Assessment of Compliance”) with the applicable Servicing Criteria (as set forth in Exhibit N) during the preceding calendar year. The Assessment of Compliance must contain the following:

115

(a) A statement by such officer of its responsibility for assessing compliance with the Servicing Criteria applicable to the Master Servicer;

(b) A statement by such officer that such officer used the Servicing Criteria, and which will also be attached to the Assement of Compliance, to assess compliance with the Servicing Criteria applicable to the Master Servicer;

(c) An assessment by such officer of the Master Servicer’s compliance with the applicable Servicing Criteria for the period consisting of the preceding calendar year, including disclosure of any material instance of noncompliance with respect thereto during such period, which assessment shall be based on the activities it performs with respect to asset-backed securities transactions taken as a whole involving the Master Servicer, that are backed by the same asset type as the Mortgage Loans;

(d) A statement that a registered public accounting firm has issued an attestation report on the Master Servicer’s Assessment of Compliance for the period consisting of the preceding calendar year; and

(e) A statement as to which of the Servicing Criteria, if any, are not applicable to the Master Servicer, which statement shall be based on the activities it performs with respect to asset-backed securities transactions taken as a whole involving the Master Servicer, that are backed by the same asset type as the Mortgage Loans.

Such report at a minimum shall address each of the Servicing Criteria specified on Exhibit N hereto which are indicated as applicable to the Master Servicer.

On or before March 22nd of each calendar year beginning in 2008, the Master Servicer shall furnish to the Trustee and the Certificate Insurer a report (an “Attestation Report”) by a registered public accounting firm that attests to, and reports on, the Assessment of Compliance made by the Master Servicer, as required by Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122(b) of Regulation AB, which Attestation Report must be made in accordance with standards for attestation reports issued or adopted by the Public Company Accounting Oversight Board.

The Master Servicer shall cause any Sub-Servicer and each subcontractor determined by the Master Servicer to be “participating in the servicing function” within the meaning of Item 1122 of Regulation AB, to deliver to the Trustee, the Certificate Insurer and the Depositor an Assessment of Compliance and Attestation Report as and when provided above.

Such Assessment of Compliance, as to any Sub-Servicer, shall address each of the Servicing Criteria applicable to the Sub-Servicer. Notwithstanding the foregoing, as to any subcontractor determined by the Master Servicer to be “participating in the servicing function,” an Assessment of Compliance is not required to be delivered unless it is required as part of a Form 10-K with respect to the Trust Fund.

Failure of the Master Servicer to timely comply with this Section 3.20 (taking into account the cure period if permitted as set forth in the preceding paragraph) shall be deemed an Event of Default, and the Trustee may, in addition to whatever rights the Trustee may have under this Agreement and at law or equity or to damages, including injunctive relief and specific performance, give notice to Certificateholders that they have ten Business Days to object. If no such objection is received, the Trustee shall immediately terminate all the rights and obligations of the Master Servicer under this Agreement and in and to the Mortgage Loans and the proceeds thereof without compensating the Master Servicer for the same (other than as provided herein with respect to unreimbursed Advances or Servicing Advances or accrued and unpaid servicing fees). This paragraph shall supercede any other provision in this Agreement or any other agreement to the contrary.

116

The Trustee shall also provide an Assessment of Compliance (with respect to items (a) - (d) but not (e) above) and Attestation Report, as and when provided above, which shall at a minimum address each of the Servicing Criteria specified on Exhibit N hereto which are indicated as applicable to the “trustee”. Notwithstanding the foregoing, as to any trustee, an Assessment of Compliance is not required to be delivered unless it is required as part of a Form 10-K with respect to the Trust Fund.

Section 3.21. Access to Certain Documentation.

The Master Servicer shall provide, and shall cause any Sub-Servicer to provide, to the Trustee and the Certificate Insurer, access to the documentation in their possession regarding the related Mortgage Loans and REO Properties and to the Certificateholders, the FDIC, and the supervisory agents and examiners of the FDIC (to which the Trustee shall also provide) access to the documentation regarding the related Mortgage Loans required by applicable regulations, such access being afforded without charge but only upon reasonable request and during normal business hours at the offices of the Master Servicer or the Sub-Servicers that are designated by these entities; provided, however, that, unless otherwise required by law, the Trustee, the Custodian, the Master Servicer or the Sub-Servicer shall not be required to provide access to such documentation if the provision thereof would violate the legal right to privacy of any Mortgagor. The Master Servicer and the Sub-Servicers shall allow representatives of the above entities to photocopy any of the documentation and shall provide equipment for that purpose at a charge that covers their own actual out-of-pocket costs. The Master Servicer shall designate a Servicing Officer to provide certain information regarding the Mortgage Loans.

Section 3.22. Title, Conservation and Disposition of REO Property.

This Section shall apply only to REO Properties acquired for the account of REMIC 1 or REMIC 2, as applicable, and shall not apply to any REO Property relating to a Mortgage Loan which was purchased or repurchased from REMIC 1 or REMIC 2, as applicable, pursuant to Sections 2.02, 2.04 or 3.14. In the event that title to any such REO Property is acquired, the deed or certificate of sale shall be issued to the Trustee, or to its nominee, on behalf of the Certificateholders. The Master Servicer, on behalf of REMIC 1 or REMIC 2, as applicable, shall either sell any related REO Property before the close of the third taxable year following the taxable year in which REMIC 1 or REMIC 2, as applicable, acquires ownership of such REO Property for purposes of Section 860G(a)(8) of the Code or, at the expense of REMIC 1 or REMIC 2, as applicable, request, more than 60 days before the day on which the three-year grace period would otherwise expire an extension of the three-year grace period, unless the Master Servicer has delivered to the Trustee and the Certificate Insurer an Opinion of Counsel (which shall not be at the expense of the Trustee or the Certificate Insurer), addressed to the Trustee, the Certificate Insurer and the Master Servicer, to the effect that the holding by REMIC 1 or REMIC 2, as applicable, of such REO Property subsequent to the close of the third taxable year following the taxable year in which REMIC 1 or REMIC 2, as applicable, acquires ownership of such REO Property will not result in the imposition on REMIC 1 or REMIC 2, as applicable, of taxes on “prohibited transactions” thereof, as defined in Section 860F of the Code, or cause any of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to fail to qualify as a REMIC under the REMIC Provisions or comparable provisions of the laws of the State of California at any time that any Certificates are outstanding. The Master Servicer shall manage, conserve, protect and operate each REO Property for the Certificateholders solely for the purpose of its prompt disposition and sale in a manner which does not cause such REO Property to fail to qualify as “foreclosure property” within the meaning of Section 860G(a)(8) or result in the receipt by any of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 of any “income from non-permitted assets” within the meaning of Section 860F(a)(2)(B) of the Code or any “net income from foreclosure property” which is subject to taxation under the REMIC Provisions. Pursuant to its efforts to sell such REO Property, the Master Servicer shall either itself or through an agent selected by the Master Servicer protect and conserve such REO Property in the same manner and to such extent as is customary in the locality where such REO Property is located and may, incident to its conservation and protection of the interests of the Certificateholders, rent the same, or any part thereof, as the Master Servicer deems to be in the best interest of the Certificateholders for the period prior to the sale of such REO Property.

117

Any REO Disposition shall be for cash only (unless changes in the REMIC Provisions made subsequent to the Startup Day allow a sale for other consideration).

The Master Servicer shall segregate and hold all funds collected and received in connection with the operation of any REO Property separate and apart from its own funds and general assets. The Master Servicer shall deposit, or cause to be deposited, on a daily basis in the Custodial Account all revenues received with respect to the REO Properties, net of any directly related expenses incurred or withdraw therefrom funds necessary for the proper operation, management and maintenance of the REO Property.

If as of the date of acquisition of title to any REO Property there remain outstanding unreimbursed Servicing Advances with respect to such REO Property or any outstanding Advances allocated thereto the Master Servicer, upon an REO Disposition, shall be entitled to reimbursement for any related unreimbursed Servicing Advances and any unreimbursed related Advances as well as any unpaid Master Servicing Fees or Sub-Servicing Fees from proceeds received in connection with the REO Disposition, as further provided in Section 3.15. The Master Servicer shall not be obligated to advance any amounts with respect to an REO Property if such advance would constitute a Nonrecoverable Advance.

The REO Disposition shall be carried out by the Master Servicer at such price and upon such terms and conditions as the Master Servicer shall determine.

The Master Servicer shall deposit the proceeds from the REO Disposition, net of any payment to the Master Servicer as provided above, in the Custodial Account upon receipt thereof for distribution in accordance with Section 4.01; provided, that any such net proceeds received by the Master Servicer which are in excess of the applicable Stated Principal Balance plus all unpaid REO Imputed Interest thereon through the last day of the month in which the REO Disposition occurred (“Excess Proceeds”) shall be retained by the Master Servicer as additional servicing compensation.

118

With respect to any Mortgage Loan as to which the Master Servicer has received notice of, or has actual knowledge of, the presence of any toxic or hazardous substance on the Mortgaged Property, the Master Servicer shall not, on behalf of the Trustee, either (i) obtain title to the related Mortgaged Property as a result of or in lieu of foreclosure or otherwise, or (ii) otherwise acquire possession of, the related Mortgaged Property, unless the Master Servicer has, at least 30 days prior to taking such action, obtained and delivered to the Trustee an environmental audit report prepared by a Person who regularly conducts environmental audits using customary industry standards. The Master Servicer shall take such action as it deems to be in the best economic interest of the Trust Fund (other than proceeding against the Mortgaged Property) and is hereby authorized at such time as it deems appropriate to release such Mortgaged Property from the lien of the related Mortgage.

The cost of the environmental audit report contemplated by this Section 3.22 shall be advanced by the Master Servicer as an expense of the Trust Fund, and the Master Servicer shall be reimbursed therefor from the Custodial Account as provided in Section 3.11, any such right of reimbursement being prior to the rights of the Certificateholders to receive any amount in the Custodial Account.

If the Master Servicer determines, as described above, that it is in the best economic interest of the Trust Fund to take such actions as are necessary to bring any such Mortgaged Property in compliance with applicable environmental laws, or to take such action with respect to the containment, clean-up or remediation of hazardous substances, hazardous materials, hazardous wastes, or petroleum-based materials affecting any such Mortgaged Property, then the Master Servicer shall take such action as it deems to be in the best economic interest of the Trust Fund. The cost of any such compliance, containment, clean-up or remediation shall be advanced by the Master Servicer as an expense of the Trust Fund, and the Master Servicer shall be entitled to be reimbursed therefor from the Custodial Account as provided in Section 3.11, any such right of reimbursement being prior to the rights of the Certificateholders to receive any amount in the Custodial Account.

Section 3.23. Additional Obligations of the Master Servicer.

On each Certificate Account Deposit Date, the Master Servicer shall deliver to the Trustee for deposit in the Certificate Account from its own funds and without any right of reimbursement therefor, a total amount equal to the amount of Compensating Interest for the related Distribution Date.

Section 3.24. Additional Obligations of the Depositor.

The Depositor agrees that on or prior to the tenth day after the Closing Date, the Depositor shall provide the Trustee with a written notification, substantially in the form of Exhibit J attached hereto, relating to each Class of Certificates, setting forth (i) in the case of each Class of such Certificates, (a) if less than 10% of the aggregate Certificate Principal Balance of such Class of Certificates has been sold as of such date, the value calculated pursuant to clause (b)(iii) of Exhibit J hereto, or, (b) if 10% or more of such Class of Certificates has been sold as of such date but no single price is paid for at least 10% of the aggregate Certificate Principal Balance of such Class of Certificates, then the weighted average price at which the Certificates of such Class were sold and the aggregate percentage of Certificates of such Class sold, (c) the first single price at which at least 10% of the aggregate Certificate Principal Balance of such Class of Certificates was sold, or (d) if any Certificates of each Class of Certificates are retained by the Depositor or an affiliate corporation, or are delivered to the Sponsor, the fair market value of such Certificates as of the Closing Date, (ii) the Prepayment Assumption used in pricing the Certificates, and (iii) such other information as to matters of fact as the Trustee may reasonably request to enable it to comply with its reporting requirements with respect to each Class of such Certificates to the extent such information can in the good faith judgment of the Depositor be determined by it.

119

Section 3.25. Exchange Act Reporting.

(a) The Trustee (to the extent any information requested by the Depositor is actually in the possession of the Trustee) and the Master Servicer shall fully cooperate with the Depositor in connection with the Trust’s satisfying the reporting requirements under the Exchange Act as may be requested by the Depositor pursuant to Section 3.26.

(b) (i) Within 12 calendar days after each Distribution Date, the Trustee shall, in accordance with industry standards, file with the Commission via the Electronic Data Gathering and Retrieval System (“XXXXX”), a Distribution Report on Form 10-D, signed by the Depositor, with a copy of the monthly statement to be furnished by the Trustee to the Certificateholders for such Distribution Date. Any disclosure in addition to the monthly statement required to be included on the Form 10-D (“Additional Form 10-D Disclosure”) shall be determined and prepared by the entity that is indicated in Exhibit O as the responsible party for providing that information, if other than the Trustee, and the Trustee will have no duty or liability to verify the accuracy or sufficiency of any such Additional Form 10-D Disclosure and the Trustee shall have no liability with respect to any failure to properly prepare or file such Form 10-D resulting from or relating to the Trustee’s inability or failure to obtain any information in a timely manner from the party responsible for delivery of such Additional Form 10-D Disclosure.

Within 3 calendar days after the related Distribution Date, each entity that is indicated in Exhibit O as the responsible party for providing Additional Form 10-D Disclosure shall be required to provide to the Trustee via e-mail (XXXXX.Xxxxxxxxxxxxx@xx.xxx), and to the Depositor and the Certificate Insurer, to the extent known by a responsible party thereof, any Additional Form 10-D Disclosure, if applicable, clearly identifying which item of Form 10-D the information relates to. The Trustee shall compile the information provided to it, prepare the Form 10-D and forward the Form 10-D to the Depositor for verification. The Depositor will approve, as to form and substance, or disapprove, as the case may be, the Form 10-D. No later than three Business Days prior to the 10th calendar day after the related Distribution Date, an officer of the Depositor shall sign the Form 10-D and return an electronic or fax copy of such signed Form 10-D (with an original executed hard copy to follow by overnight mail) to the Trustee. The Trustee shall have no liability with respect to any failure to properly file any Form 10-D resulting from or relating to the Depositor’s failure to timely comply with the provisions of this section.

120

(ii) Within four (4) Business Days after the occurrence of an event requiring disclosure on Form 8-K (each such event, a “Reportable Event”), the Depositor shall prepare and file any Form 8-K, as required by the Exchange Act, in addition to the initial Form 8-K in connection with the issuance of the Certificates. Any disclosure or information related to a Reportable Event or that is otherwise required to be included on Form 8-K (“Form 8-K Disclosure Information”) shall be determined and prepared by the entity that is indicated in Exhibit O as the responsible party for providing that information.

For so long as the Trust is subject to the Exchange Act reporting requirements, no later than the end of business on the second Business Day after the occurrence of a Reportable Event, the entity that is indicated in Exhibit O as the responsible party for providing Form 8-K Disclosure Information shall be required to provide to the Depositor, to the extent known by a responsible officer thereof, the form and substance of any Form 8-K Disclosure Information, if applicable. The Depositor shall compile the information provided to it, and prepare and file the Form 8-K, which shall be signed by an officer of the Depositor.

(iii) Prior to January 30 of the first year in which the Trustee is able to do so under applicable law, the Trustee shall, in accordance with industry standards, file a Form 15 Suspension Notice with respect to the Trust Fund, if applicable. On or before (x) March 15, 2008 and (y) unless and until a Form 15 Suspension Notice shall have been filed, on or before April 15 of each year thereafter, the Master Servicer shall provide the Trustee and the Certificate Insurer with an Annual Compliance Statement, together with a copy of the Assessment of Compliance and Attestation Report to be delivered by the Master Servicer pursuant to Sections 3.19 and 3.20 (including with respect to any Sub-Servicer or any subcontractor, if required to be filed). Prior to (x) March 30, 2008 and (y) unless and until a Form 15 Suspension Notice shall have been filed, March 30 of each year thereafter, the Trustee shall file a Form 10-K, in substance as required by applicable law or applicable Securities and Exchange Commission staff’s interpretations and conforming to industry standards, with respect to the Trust Fund. Such Form 10-K shall include the Assessment of Compliance, Attestation Report, Annual Compliance Statements and other documentation provided by the Master Servicer pursuant to Sections 3.19 and 3.20 (including with respect to any Sub-Servicer or subcontractor, if required to be filed) and Section 3.20 with respect to the Trustee, and the Form 10-K certification in the form attached hereto as Exhibit L-1 (the “Certification”) signed by the senior officer of the Depositor in charge of securitization. The Trustee shall receive the items described in the preceding sentence no later than March 15 of each calendar year prior to the filing deadline for the Form 10-K.

Any disclosure or information in addition to that described in the preceding paragraph that is required to be included on Form 10-K (“Additional Form 10-K Disclosure”) shall be determined and prepared by the entity that is indicated in Exhibit O as the responsible party for providing that information, if other than the Trustee, and the Trustee will have no duty or liability to verify the accuracy or sufficiency of any such Additional Form 10-K Disclosure.

121

If information, data and exhibits to be included in the Form 10-K are not so timely delivered, the Trustee shall file an amended Form 10-K including such documents as exhibits reasonably promptly after they are delivered to the Trustee. The Trustee shall have no liability with respect to any failure to properly prepare or file such periodic reports resulting from or relating to the Trustee’s inability or failure to timely obtain any information from any other party.

On or prior to (x) March 15, 2008 and (y) unless and until a Form 15 Suspension Notice shall have been filed, prior to March 15 of each year thereafter, each entity that is indicated in Exhibit O as the responsible party for providing Additional Form 10-K Disclosure shall be required to provide to the Trustee via e-mail (XXXXX.Xxxxxxxxxxxxx@xx.xxx), and to the Certificate Insurer and the Depositor, to the extent known by a responsible party thereof, the form and substance of any Additional Form 10-K Disclosure Information, if applicable. The Trustee shall compile the information provided to it, prepare the Form 10-K and forward the Form 10-K to the Depositor for verification. The Depositor will approve, as to form and substance, or disapprove, as the case may be, the Form 10-K by no later than March 25 of the relevant year (or the immediately preceding Business Day if March 25 is not a Business Day), an officer of the Depositor shall sign the Form 10-K and return an electronic or fax copy of such signed Form 10-K (with an original executed hard copy to follow by overnight mail) to the Trustee.

The Master Servicer shall be responsible for determining the pool concentration applicable to any Sub-Servicer to which the Master Servicer delegated any of its responsibilities with respect to the Mortgage Loans at any time, for purposes of disclosure as required by Items 1117 and 1119 of Regulation AB. The Trustee will provide electronic or paper copies of all Form 10-D, 8-K and 10-K filings free of charge to any Certificateholder upon request. Any expenses incurred by the Trustee in connection with the previous sentence shall be reimbursable to the Trustee out of the Trust Fund. The Trustee shall have no liability with respect to any failure to properly file any Form 10-K resulting from or relating to the Depositor’s failure to timely comply with the provisions of this section.

The Trustee shall sign a certification (in the form attached hereto as Exhibit L-3) for the benefit of the Depositor and its officers, directors and Affiliates in respect of items 1 through 3 of the Certification (provided, however, that the Trustee shall not undertake an analysis of the Attestation Report attached as an exhibit to the Form 10-K), and the Master Servicer shall sign a certification (the “Master Servicer Certification”) solely with respect to the Master Servicer (in the form attached hereto as Exhibit L-2) for the benefit of the Depositor, the Trustee and each Person, if any, who “controls” the Depositor or the Trustee within the meaning of the Securities Act of 1933, as amended, and their respective officers and directors. Each such certification shall be delivered to the Depositor and the Trustee by March 15th of each year (or if not a Business Day, the immediately preceding Business Day). The Certification attached hereto as Exhibit L-1 shall be delivered to the Trustee by March 20th for filing on or prior to March 30th of each year (or if not a Business Day, the immediately preceding Business Day).

The Trustee will have no duty to verify the accuracy or sufficiency of any information not prepared by it included in any Form 10-D, Form 10-K or Form 8-K. The Trustee shall have no liability with respect to any failure to properly prepare or file any Form 10- D or Form 10-K resulting from or relating to the Trustee’s inability or failure to obtain any information in a timely manner from the party responsible for delivery of such disclosure information. The Trustee shall have no liability with respect to any failure to properly file any Form l0-D or 10-K resulting from or relating to the Depositor’s failure to timely comply with the provisions of this section. Nothing herein shall be construed to require the Trustee or any officer, director or Affiliate thereof to sign any Form 10-D, Form 10-K or Form 8-K.

122

(c) (A) The Trustee shall indemnify and hold harmless the Depositor, the Master Servicer and their respective officers, directors and Affiliates from and against any losses, damages, penalties, fines, forfeitures, reasonable and necessary legal fees and related costs, judgments and other costs and expenses arising out of or based upon any material misstatement or omission in the Assessment of Compliance delivered by the Trustee pursuant to Section 3.20 and (B) the Master Servicer shall indemnify and hold harmless the Depositor, the Trustee and their respective officers, directors and Affiliates from and against any actual losses, damages, penalties, fines, forfeitures, reasonable and necessary legal fees and related costs, judgments and other costs and expenses arising out of or based upon (i) the failure of the Master Servicer to timely deliver the Master Servicer Certification or (ii) any material misstatement or omission in the Statement as to Compliance delivered by the Master Servicer pursuant to Section 3.19 or any Sub-Servicer pursuant to Section 3.20, the Assessment of Compliance delivered by the Master Servicer or any Sub-Servicer pursuant to Section 3.20 or the Master Servicer Certification. If the indemnification provided for herein is unavailable or insufficient to hold harmless the Depositor, then the Master Servicer agrees that it shall contribute to the amount paid or payable by the Depositor and the Trustee as a result of the losses, claims, damages or liabilities of the Depositor and the Trustee in such proportion as is appropriate to reflect the relative fault of the Depositor and the Trustee on the one hand and the Master Servicer on the other in connection with the Master Servicer Certification and the related obligations of the Master Servicer under this Section 3.25.

Upon any filing with the Securities and Exchange Commission, the Trustee shall promptly deliver to the Depositor a copy of any such executed report, statement or information.

Section 3.26. Intention of the Parties and Interpretation.

Each of the parties acknowledges and agrees that the purpose of Sections 3.19, 3.20 and 3.25 of this Agreement is to facilitate compliance by the Sponsor and the Depositor with the provisions of Regulation AB. Therefore, each of the parties agrees that (a) the obligations of the parties hereunder shall be interpreted in such a manner as to accomplish that purpose, (b) the parties’ obligations hereunder will be supplemented and modified as necessary to be consistent with any such amendments, interpretive advice or guidance, convention or consensus among active participants in the asset-backed securities markets, advice of counsel, or otherwise in respect of the requirements of Regulation AB, (c) the parties shall comply with requests made by the Sponsor or the Depositor for delivery of additional or different information as the Sponsor or the Depositor may determine in good faith is necessary to comply with the provisions of Regulation AB, and (d) no amendment of this Agreement shall be required to effect any such changes in the parties’ obligations as are necessary to accommodate evolving interpretations of the provisions of Regulation AB.

123

Section 3.27. Optional Purchase of Certain Mortgage Loans.

The Master Servicer will have a one-time option to purchase up to a maximum of 1.00% (and in any case, at least 5 Mortgage Loans not exceeding in the aggregate such 1.00% limit) of the Group 1 Loans, by aggregate Stated Principal Balance of the Group 1 Loans as of such date, from the Trustee at the Purchase Price. The Master Servicer will have the option, from time to time, of purchasing Group 2 Loans from the Trustee at the Purchase Price; provided that the aggregate Stated Principal Balance of such purchased Group 2 Loans from the Closing Date to the time of such purchase will not exceed 1% of the Group 2 Cut-off Date Balance; and provided, further, that the aggregate Stated Principal Balance of the Group 2 Loans purchased at any one time does not exceed 1% of the aggregate Stated Principal Balance of the Group 2 Loans as of such date. Any Group 1 Loans and Group 2 Loans that may be purchased by the Master Servicer pursuant to this Section 3.27 will be selected by the Master Servicer in its sole discretion. If at any time the Master Servicer makes a payment to the Certificate Account covering the amount of the Purchase Price for such a Mortgage Loan, and the Master Servicer provides to the Trustee a certification signed by a Servicing Officer stating that the amount of such payment has been deposited in the Certificate Account, then the Trustee shall execute the assignment of such Mortgage Loan at the request of the Master Servicer without recourse to the Master Servicer which shall succeed to all the Trustee’s right, title and interest in and to such Mortgage Loan, and all security and documents relative thereto. Such assignment shall be an assignment outright and not for security. The Master Servicer will thereupon own such Mortgage, and all such security and documents, free of any further obligation to the Trustee or the Certificateholders with respect thereto. Any tax on "prohibited transactions" (as defined in Section 860F(a)(2) of the Code) imposed on any REMIC relating to the exercise of the option provided in this Section 3.27 shall in no event be payable by the Trustee.

124

ARTICLE IV

PAYMENTS TO CERTIFICATEHOLDERS

Section 4.01. Distributions.

(a) The Trustee shall establish and maintain a Certificate Account, in which the Master Servicer shall cause to be deposited on behalf of the Trustee on or before 5:00 P.M. New York time on each Certificate Account Deposit Date by wire transfer of immediately available funds an amount equal to the sum of (i) any Advance for the immediately succeeding Distribution Date, (ii) any amount required to be deposited in the Certificate Account pursuant to Sections 3.11, 3.13 or 3.23, (iii) all other amounts constituting the Available Distribution Amount for the immediately succeeding Distribution Date, (iv) amounts payable to the related Supplemental Interest Trust in respect of related Net Swap Payments and Swap Termination Payments payable to the related Swap Provider other than Swap Termination Payments resulting from a Swap Provider Trigger Event and (v) any amounts on deposit in the Custodial Account representing Prepayment Charges collected by the Master Servicer (and any Master Servicer Prepayment Charge Payment Amounts paid by, or collected on behalf of the Trust Fund by, the Master Servicer or any Sub-Servicer), other than any such Prepayment Charges or Master Servicer Prepayment Charge Payment Amounts relating to Principal Prepayments that occurred after the end of the related Prepayment Period.

On each Distribution Date, prior to making any other distributions referred to in Section 4.01 herein, the Trustee shall withdraw from the Certificate Account and pay itself any income earned on retention of amounts on deposit in the Certificate Account for such Distribution Date and any other amounts payable to it hereunder.

On each Distribution Date, prior to making any other distributions referred to in Section 4.01 herein, the Trustee shall withdraw from the Certificate Account and pay to the Certificate Insurer, by wire transfer of immediately available funds, the Policy Premium for such Distribution Date. The Trustee shall deposit any amounts received from the Certificate Insurer pursuant to the Certificate Guaranty Insurance Policy into the Insurance Account.

On each Distribution Date, prior to making any other distributions referred to in Section 4.01 herein, the Trustee shall withdraw from the Class M Interest Reserve Fund, to the extent of the related Interest Reserve Fund Amount, an amount equal to any related Net WAC Shortfall Amounts for that Distribution Date for the Holders of the Class 1-M-4, Class 1-M-5, Class 1-M-6 and Class 1-M-7 Certificates and shall distribute such amount to the Holders of the Class 1-M-4, Class 1-M-5, Class 1-M-6 and Class 1-M-7 Certificates. Any payments to the Holders of the Class 1-M-4, Class 1-M-5, Class 1-M-6 and Class 1-M-7 Certificates in respect of related Net WAC Shortfall Amounts pursuant to the preceding sentence shall not be payments with respect to a Regular Interest in a REMIC within the meaning of Section 860G(a)(1) of the Code.

On each Distribution Date the Trustee shall distribute to each Certificateholder of record as of the next preceding Record Date (other than as provided in Section 9.01 respecting the final distribution) either in immediately available funds (by wire transfer or otherwise) to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor, if such Certificateholder has so notified the Trustee at least 5 Business Days prior to the related Record Date, or otherwise by check mailed to such Certificateholder at the address of such Holder appearing in the Certificate Register, such Certificateholder's share (based on the aggregate of the Percentage Interests represented by Certificates of the applicable Class held by such Holder) of the amounts required to be distributed to such Holder pursuant to this Section 4.01.

125

Net Swap Payments and Swap Termination Payments (other than Swap Termination Payments resulting from a Swap Provider Trigger Event) payable by the related Supplemental Interest Trust to the related Swap Provider pursuant to the related Interest Rate Swap Agreement shall be deducted (without duplication) from the interest collections in the related Available Distribution Amount, and to the extent of any such remaining amounts due, from the principal collections in the related Available Distribution Amount, prior to any distributions to the related Certificateholders. On each Distribution Date, such amounts will be remitted to the related Supplemental Interest Trust, first to make any Net Swap Payment owed to the related Swap Provider pursuant to the related Interest Rate Swap Agreement for such Distribution Date and for prior Distribution Dates, and second to make any Swap Termination Payment (not due to a Swap Provider Trigger Event) owed to the related Swap Provider pursuant to the related Interest Rate Swap Agreement for such Distribution Date and for prior Distribution Dates. Any Swap Termination Payment triggered by a Swap Provider Trigger Event owed to the related Swap Provider pursuant to the related Interest Rate Swap Agreement will be subordinated to distributions to the Holders of the related Offered Certificates and Class 1-B Certificates, and shall be paid as set forth in Section 4.01(l)(ix) and 4.01(m)(viii), as applicable.

(b) On each Distribution Date, the Trustee shall withdraw from the Certificate Account that portion of Available Distribution Amount for such Distribution Date consisting of the Interest Remittance Amount in respect of the Group 1 Loans for such Distribution Date, and make the following disbursements and transfers in the order of priority described below, in each case to the extent of the related Interest Remittance Amount for such Class for such Distribution Date:

(i) from the Interest Remittance Amount in respect of the Group 1 Loans, concurrently to the Holders of the Class 1-A1-A, Class 1-A1-B, Class 1-A1-C and Class 1-AM Certificates, pro rata, based on entitlement, the related Monthly Interest Distributable Amount and any Unpaid Interest Shortfall Amount for each such Class for such Distribution Date;

(ii) from the remaining Interest Remittance Amount in respect of the Group 1 Loans, to the Certificate Insurer, with respect to the Class 1-AM Certificates, in an amount equal to (a) any amounts reimbursable to the Certificate Insurer for the interest portion of any related Insured Payments made pursuant to the Insurance Agreement and (b) any related unpaid Policy Premium;

(iii) from the remaining Interest Remittance Amount in respect of the Group 1 Loans, to the Class 1-M-1 Certificates, the related Monthly Interest Distributable Amount for such Class for such Distribution Date;

126

(iv) from the remaining Interest Remittance Amount in respect of the Group 1 Loans, to the Class 1-M-2 Certificates, the related Monthly Interest Distributable Amount for such Class for such Distribution Date;

(v) from the remaining Interest Remittance Amount in respect of the Group 1 Loans, to the Class 1-M-3 Certificates, the related Monthly Interest Distributable Amount for such Class for such Distribution Date;

(vi) from the remaining Interest Remittance Amount in respect of the Group 1 Loans, to the Class 1-M-4 Certificates, the related Monthly Interest Distributable Amount for such Class for such Distribution Date;

(vii) from the remaining Interest Remittance Amount in respect of the Group 1 Loans, to the Class 1-M-5 Certificates, the related Monthly Interest Distributable Amount for such Class for such Distribution Date;

(viii) from the remaining Interest Remittance Amount in respect of the Group 1 Loans, to the Class 1-M-6 Certificates, the related Monthly Interest Distributable Amount for such Class for such Distribution Date;

(ix) from the remaining Interest Remittance Amount in respect of the Group 1 Loans, to the Class 1-M-7 Certificates, the related Monthly Interest Distributable Amount for such Class for such Distribution Date;

(x) from the remaining Interest Remittance Amount in respect of the Group 1 Loans, to the Class 1-M-8 Certificates, the related Monthly Interest Distributable Amount for such Class for such Distribution Date; and

(xi) from the remaining Interest Remittance Amount in respect of the Group 1 Loans, to the Class 1-B Certificates, the related Monthly Interest Distributable Amount for such Class for such Distribution Date.

(c) On each Distribution Date, the Trustee shall withdraw from the Certificate Account that portion of Available Distribution Amount for such Distribution Date consisting of the Interest Remittance Amount in respect of the Group 2 Loans for such Distribution Date, and make the following disbursements and transfers in the order of priority described below, in each case to the extent of the related Interest Remittance Amount for such Class for such Distribution Date:

(i) from the Interest Remittance Amount in respect of the Group 2 Loans, to the Holders of the Class 2-A Certificates, the related Monthly Interest Distributable Amount and any Unpaid Interest Shortfall Amount for such Class for such Distribution Date.

(d) Except as provided in clause (f) below, on each Distribution Date (i) prior to the Group 1 Stepdown Date or (ii) on or after the Group 1 Stepdown Date if a Group 1 Trigger Event is in effect, the Trustee shall withdraw from the Certificate Account an amount equal to the Principal Distribution Amount related to Loan Group 1 and distribute to the Holders of the Class 1-A, Class 1-M and Class 1-B Certificates, distributions in respect of principal to the extent of the related Principal Distribution Amount remaining for such Distribution Date:

127

(i) first, from the related Principal Distribution Amount, concurrently, on a pro rata basis, based on the aggregate Certificate Principal Balances thereof (x) sequentially, to the Class 1-A1-A, Class 1-A1-B and Class 1-A1-C Certificates, in that order, and (y) to the Class 1-AM Certificates, in each case until the Certificate Principal Balances thereof are reduced to zero; and

(ii) second, from the remaining related Principal Distribution Amount, sequentially, to the Holders of the Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7, Class 1-M-8 and Class 1-B Certificates, in that order, in each case until the Certificate Principal Balances thereof have been reduced to zero.

(e) Except as provided in clause (f) below, on each Distribution Date (i) on and after the Group 1 Stepdown Date and (ii) on which a Group 1 Trigger Event is not in effect, the Trustee shall withdraw from the Certificate Account an amount equal to the related Principal Distribution Amount and distribute to the Holders of the Class 1-A, Class 1-M and Class 1-B Certificates, distributions in respect of principal to the extent of the related Principal Distribution Amount remaining for such Distribution Date:

(i) first, concurrently on a pro rata basis, based on the aggregate Certificate Principal Balances thereof (x) sequentially, to the Class 1-A1-A, Class 1-A1-B and Class 1-A1-C Certificates, in that order, and (y) to the Class 1-AM Certificates, the Class 1-A Principal Distribution Amount, in each case until the Certificate Principal Balances thereof are reduced to zero; and

(ii) second, sequentially, to the Holders of the Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7, Class 1-M-8 and Class 1-B Certificates, in that order, the related Group 1 Subordinate Class Principal Distribution Amount, in each case until the Certificate Principal Balances thereof have been reduced to zero.

(f) Notwithstanding the foregoing, on any Distribution Date on which the aggregate Certificate Principal Balance of the Class 1-M Certificates and Class 1-B Certificates and the related Overcollateralized Amount have been reduced to zero, the related Principal Distribution Amount will be paid to the Class 1-A Certificates on a pro rata basis, based on the Certificate Principal Balances thereof, until reduced to zero.

(g) Notwithstanding the foregoing, to the extent any Net Swap Payment or Swap Termination Payment with respect to the Group 1 Interest Rate Swap Agreement is payable from principal collections from Loan Group 1, Principal Distribution Amounts with respect to Loan Group 1 will be deemed paid to the most subordinate Class of related Certificates (other than the Class R Certificates and Class 1-P Certificates), until the Certificate Principal Balance thereof has been reduced to zero.

128

(h) Except as provided in clause (j) below, on each Distribution Date (A) prior to the Group 2 Stepdown Date or (B) on or after the Group 2 Stepdown Date if a Group 2 Trigger Event is in effect, the Trustee shall withdraw from the Certificate Account an amount equal to the related Principal Distribution Amount and distribute to the Holders of the Class 2-A Certificates, distributions in respect of principal to the extent of the related Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero.

(i) Except as provided in clause (j) below, on each Distribution Date (A) on and after the Group 2 Stepdown Date and (B) on which a Group 2 Trigger Event is not in effect, the Trustee shall withdraw from the Certificate Account an amount equal to the related Principal Distribution Amount and distribute to the Holders of the Class 2-A Certificates, distributions in respect of principal to the extent of the related Principal Distribution Amount, the Class 2-A Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero.

(j) Notwithstanding the foregoing, on any Distribution Date on which the related Overcollateralized Amount has been reduced to zero, the related Principal Distribution Amount will be paid to the Class 2-A Certificates until reduced to zero.

(k) Notwithstanding the foregoing, to the extent any Net Swap Payment or Swap Termination Payment with respect to the Group 2 Interest Rate Swap Agreement is payable from principal collections from Loan Group 2, Principal Distribution Amounts with respect to Loan Group 2 will be deemed paid to the most subordinate Class of related certificates (other than the Class R Certificates and Class 2-P Certificates), until the Certificate Principal Balance thereof has been reduced to zero.

(l) On each Distribution Date the Net Monthly Excess Cashflow related to Loan Group 1 shall be distributed in the following order of priority:

(i) to the Certificate Insurer, with respect to the Class 1-AM Certificates, in an amount equal to (a) any amounts reimbursable to the Certificate Insurer for related Insured Payments made pursuant to the Insurance Agreement and (b) any related unpaid Policy Premium;

(ii) from the portion of such Net Monthly Excess Cashflow otherwise distributable to the Class 1-C Certificates, to the Holders of the Class 1-A, Class 1-M and Class 1-B Certificates then entitled to receive distributions in respect of principal, in an amount equal to any related Extra Principal Distribution Amount, payable to such Holders as part of the related Principal Distribution Amount as described under Sections 4.01(d), (e) and (f) above, as applicable;

(iii) first, to the Holders of the Class 1-A1-A, Class 1-A1-B and Class 1-A1-C Certificates, pro rata, based on entitlement, in an amount equal to any Allocated Realized Loss Amount for each such Class, and second, to the Class 1-AM Certificates, an amount equal to the Allocated Realized Loss Amount for such Class;

(iv) sequentially, to the Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7, Class 1-M-8 and Class 1-B Certificates, in that order, in each case in an amount equal to the sum of the Unpaid Interest Shortfall Amount and the Allocated Realized Loss Amount (such amount to be applied first to cover the Unpaid Interest Shortfall Amount for such Class and second to cover the Allocated Realized Loss Amount for such Class) for each such Class;

129

(v) to the Certificate Insurer, with respect to the Class 2-A Certificates, in an amount equal to (a) any amounts reimbursable to the Certificate Insurer for related Insured Payments made pursuant to the Insurance Agreement and (b) any unpaid related Policy Premium, in each case, to the extent not covered by the Net Monthly Excess Cashflow relating to Loan Group 2 on that Distribution Date;

(vi) to the Class 2-A Certificates, any Cross-Collateralized Loss Payments;

(vii) from the portion of such Net Monthly Excess Cashflow otherwise distributable to the Class 1-C Certificates, to the Group 1 Net WAC Shortfall Reserve Fund, (i) first, to pay the Class 1-A, Class 1-M and Class 1-B Certificates and, in the case of the Class 1-M-4, Class 1-M-5, Class 1-M-6 and Class 1-M-7 Certificates, to the extent not previously covered by related amounts from the Class M Interest Reserve Fund, on a pro rata basis, based on the Certificate Principal Balances thereof, to the extent needed to pay any remaining related Net WAC Shortfall Amount for each such Class and to the extent such amount exceeds the amounts then on deposit in the Group 1 Net WAC Shortfall Reserve Fund; provided that any related Net Monthly Excess Cashflow remaining after such allocation to pay any such Net WAC Shortfall Amount based on the Certificate Principal Balances of the Class 1-A, Class 1-M and Class 1-B Certificates will be distributed to each such Class of Certificates with respect to which there remains any unpaid Net WAC Shortfall Amount, pro rata, based on the amount of such unpaid Net WAC Shortfall Amount to the extent such amount exceeds the amounts then on deposit in the Net WAC Shortfall Reserve Fund and (ii) second, to maintain a balance in the Group 1 Net WAC Shortfall Reserve Fund equal to the Group 1 Net WAC Shortfall Reserve Fund Deposit;

(viii) to the Holders of the Class 2-A Certificates, in respect of the Allocated Realized Loss Amounts to the extent not covered by any related Net Monthly Excess Cashflow for such Class;

(ix) to the Group 1 Supplemental Interest Trust for payment to the Group 1 Swap Provider any Swap Termination Payments with respect to the Group 1 Interest Rate Swap Agreement owed to the Group 1 Swap Provider due to a related Swap Provider Trigger Event not previously paid;

(x) to the Certificate Insurer, any remaining amounts related to the Group 1 Loans and owed to the Certificate Insurer under the Insurance Agreement;

(xi) to the Certificate Insurer, any remaining amounts related to the Group 2 Loans and owed the Certificate Insurer under the Insurance Agreement to the extent not covered by the Net Monthly Excess Cashflow from the Group 2 Loans on that Distribution Date;

(xii) to the Holders of the Class 1-C Certificates, an amount equal to the Class 1-C Distribution Amount reduced by amounts distributed in clauses (ii) and (vii) above; and

(ix) to the Class R Certificates, any remaining amounts.

130

(m) On each Distribution Date the Net Monthly Excess Cashflow related to Loan Group 2 shall be distributed in the following order of priority:

(i) to the Certificate Insurer, with respect to the Class 2-A Certificates, an amount equal to (a) any amounts reimbursable to the Certificate Insurer for related Insured Payments made pursuant to the Insurance Agreement and (b) any related unpaid Policy Premium;

(ii) from the portion of such Net Monthly Excess Cashflow otherwise distributable to the Class 2-C Certificates, to the Holders of the Class 2-A Certificates then entitled to receive distributions in respect of principal, in an amount equal to any related Extra Principal Distribution Amount, payable to such Holders as part of the related Principal Distribution Amount as described under Sections 4.01(h), (i) and (j) above, as applicable;

(iii) to the Holders of the Class 2-A Certificates, an amount equal to any Allocated Realized Loss Amount;

(iv) to the Certificate Insurer, with respect to the Class 1-AM Certificates, an amount equal to (a) any amounts reimbursable to the Certificate Insurer for related Insured Payments made pursuant to the Insurance Agreement and (b) any related unpaid Policy Premium, in each case, to the extent not covered by the Net Monthly Excess Cashflow relating to Loan Group 1 on that distribution date;

(v) first, to the Holders of the Class 1-A1-A, Class 1-A1-B and Class 1-A1-C Certificates, on a pro rata basis, second, to the Class 1-AM Certificates, and third, sequentially, to the Holders of the Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7, Class 1-M-8 and Class 1-B Certificates, in that order, any Cross-Collateralized Loss Payments;

(vi) from the portion of such Net Monthly Excess Cashflow otherwise distributable to the Class 2-C Certificates, to the Group 2 Net WAC Shortfall Reserve Fund, (a) first, to pay the Class 2-A Certificates to the extent needed to pay any remaining related Net WAC Shortfall Amount and to the extent such amount exceeds the amounts then on deposit in the Group 2 Net WAC Shortfall Reserve Fund, and (b) second, to maintain a balance in the Group 2 Net WAC Shortfall Reserve Fund equal to the Group 2 Net WAC Shortfall Reserve Fund Deposit;

(vii) first, to the Holders of the Class 1-A1-A, Class 1-A1-B and Class 1-A1-C Certificates, on a pro rata basis, based on entitlement, second, to the Class 1-AM Certificates, and third, sequentially, to the Holders of the Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7, Class 1-M-8 and Class 1-B Certificates, in that order, in each case, in respect of the Allocated Realized Loss Amounts to the extent not covered by any related Net Monthly Excess Cashflow for each such Class;

(viii) to the Group 2 Supplemental Interest Trust for payment to the Group 2 Swap Provider any Swap Termination Payments with respect to the Group 2 Interest Rate Swap Agreement owed to the Group 2 Swap Provider due to a related Swap Provider Trigger Event not previously paid;

131

(ix) to the Certificate Insurer, any remaining amounts related to the Group 2 Loans and owed to the Certificate Insurer under the Insurance Agreement;

(x) to the Certificate Insurer, any remaining amounts related to the Group 1 Loans and owed to the Certificate Insurer under the Insurance Agreement, to the extent not covered by Net Monthly Excess Cashflow from the Group 1 Loans;

(xi) to the Holders of the Class 2-C Certificates, an amount equal to the Class 2-C Distribution Amount reduced by amounts distributed in clauses (ii) and (vi) above; and

(xii) to the Class R Certificates, any remaining amounts.

(n) On or before each Distribution Date, the Trustee shall distribute from (i) the amounts received from the Group 1 Swap Provider pursuant to the Group 1 Interest Rate Swap Agreement in respect of any related Net Swap Payment and (ii) amounts received from the related Cap Counterparties pursuant to the Group 1 Cap Contracts, then on deposit in the Group 1 Derivative Account held by the Group 1 Supplemental Interest Trust to the Class 1-A, Class 1-M and Class 1-B Certificates in the following order of priority:

(i) concurrently, to the Holders of the Class 1-A Certificates, pro rata, based on entitlement, in an amount equal to any Unpaid Interest Shortfall Amount for such Class or Classes, in each case, to the extent not covered by the related Interest Remittance Amount and related Net Monthly Excess Cashflow on that Distribution Date and solely to the extent the Unpaid Interest Shortfall Amount is as a result of the interest portion of Realized Losses;

(ii) sequentially, to the Holders of the Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7, Class 1-M-8 and Class 1-B Certificates, in that order, in an amount equal to any Unpaid Interest Shortfall Amount for such Class or Classes, in each case, to the extent not covered by the related Interest Remittance Amount and related Net Monthly Excess Cashflow on that Distribution Date and solely to the extent the Unpaid Interest Shortfall Amount is as a result of the interest portion of Realized Losses;

(iii) to the Holders of the Class 1-A, Class 1-M and Class 1-B Certificates, in an amount equal to any related Extra Principal Distribution Amount, in each case, to the extent not covered by any related or unrelated Net Monthly Excess Cashflow on that Distribution Date and solely to the extent the payment of the related Extra Principal Distribution Amount is as a result of current or prior period Realized Losses, to be included in the related Principal Distribution Amount for that Distribution Date and payable to such Holders as part of the related Principal Distribution Amount as described under Sections 4.01(d), (e) and (f) above, as applicable;

(iv) to the Group 1 Net WAC Shortfall Reserve Fund, (i) first, to pay related Net WAC Shortfall Amounts on the Class 1-A, Class 1-M and Class 1-B Certificates, on a pro rata basis, based on the aggregate amount of Net WAC Shortfall Amounts for such Classes of Certificates remaining unpaid, in each case, to the extent not covered by the related Net Monthly Excess Cashflow on that Distribution Date and, in the case of the Class 1-M-4, Class 1-M-5, Class 1-M-6 and Class 1-M-7 Certificates, to the extent not previously covered by related amounts from the Class M Interest Reserve Fund and (ii) second, to maintain a balance in the Group 1 Net WAC Shortfall Reserve Fund equal to the Group 1 Net WAC Shortfall Reserve Fund Deposit;

132

(v) to the Holders of the Class 1-A Certificates, pro rata, in an amount equal to any Allocated Realized Loss Amount for such Class or Classes, in each case, to the extent not covered by any related or unrelated Net Monthly Excess Cashflow on that Distribution Date; and

(vi) sequentially, to the Holders of the Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7, Class 1-M-8 and Class 1-B Certificates, in that order, in an amount equal to any Allocated Realized Loss Amount for such Class or Classes, in each case, to the extent not covered by any related or unrelated Net Monthly Excess Cashflow on that Distribution Date.

(o) On or before each Distribution Date, the Trustee shall distribute from (i) the amounts received from the Group 2 Swap Provider pursuant to the Group 2 Interest Rate Swap Agreement in respect of any related Net Swap Payment and (ii) amounts received from the related Cap Counterparty pursuant to the Group 2 Cap Contract, then on deposit in the Group 2 Derivative Account held by the Group 2 Supplemental Interest Trust to the Class 2-A Certificates in the following order of priority:

(i) to the Holders of the Class 2-A Certificates, in an amount equal to any Unpaid Interest Shortfall Amount for such Class, to the extent not covered by the related Interest Remittance Amount and related Net Monthly Excess Cashflow on that Distribution Date and solely to the extent the Unpaid Interest Shortfall Amount is as a result of the interest portion of Realized Losses;

(ii) to the Holders of the Class 2-A Certificates, an amount equal to any related Extra Principal Distribution Amount, to the extent not covered by any related and unrelated Net Monthly Excess Cashflow on that Distribution Date and solely to the extent the payment of the related Extra Principal Distribution Amount is as a result of current or prior period Realized Losses, to be included in the related Principal Distribution Amount for that Distribution Date and payable to such Holders as part of the related Principal Distribution Amount as described under Sections 4.01(h), (i) and (j) above, as applicable;

(iii) to the Group 2 Net WAC Shortfall Reserve Fund, (i) first, to pay related Net WAC Shortfall Amounts remaining unpaid on the Class 2-A Certificates to the extent not covered by the related Net Monthly Excess Cashflow on that Distribution Date, and (ii) second, to maintain a balance in the Group 2 Net WAC Shortfall Reserve Fund equal to the Group 2 Net WAC Shortfall Reserve Fund Deposit; and

(iv) to the Holders of the Class 2-A Certificates, in an amount equal to any Allocated Realized Loss Amount for such Class, to the extent not covered by any related and unrelated Net Monthly Excess Cashflow on that Distribution Date.

133

(p) On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period and identified on the Mortgage Loan Schedule attached as Exhibit H as belonging to the related Class P Certificateholder and any Master Servicer Prepayment Charge Amounts paid by the Master Servicer during the related Prepayment Period will be withdrawn from the Certificate Account and distributed by the Trustee to the Holders of the Class 1-P Certificates with respect to the Group 1 Loans and Class 2-P Certificates with respect to the Group 2 Loans and shall not be available for distribution to the Holders of any other Class of Certificates. The payment of the foregoing amounts to the Holders of the Class P Certificates shall not reduce the Certificate Principal Balances thereof. On the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the related Mortgage Loan Schedule attached as Exhibit H as belonging to the related Class P Certificateholder or any Distribution Date thereafter, the Available Funds with respect to each Loan Group remaining after payment of principal to the related Class A Certificates and Subordinate Certificates will be paid to the related Class P Certificates in reduction of the related Certificate Principal Balance, until reduced to zero.

(q) Each distribution with respect to a Book-Entry Certificate shall be paid to the Depository, as Holder thereof, and the Depository shall be responsible for crediting the amount of such distribution to the accounts of its Depository Participants in accordance with its normal procedures. Each Depository Participant shall be responsible for disbursing such distribution to the Certificate Owners that it represents and to each indirect participating brokerage firm (a “brokerage firm” or “indirect participating firm”) for which it acts as agent. Each brokerage firm shall be responsible for disbursing funds to the Certificate Owners that it represents. None of the Trustee, the Depositor or the Master Servicer shall have any responsibility therefor except as otherwise provided by this Agreement or applicable law.

(r) The Trustee, upon written direction of the Master Servicer, shall invest or cause the institution maintaining the Certificate Account to invest the funds in the Certificate Account in Permitted Investments designated in the name of the Trustee for the benefit of the Certificateholders, which shall mature not later than the Distribution Date next following the date of such investment and shall not be sold or disposed of prior to maturity. All income and gain realized from any such investment shall be for the benefit of the Master Servicer and shall be subject to its withdrawal or order from time to time. The amount of any losses incurred in respect of any such investments shall be deposited in the Certificate Account by the Master Servicer out of its own funds immediately as realized without any right of reimbursement.

(s) Except as otherwise provided in Section 9.01, if the Master Servicer anticipates that a final distribution with respect to any Class of Certificates will be made on the next Distribution Date, the Master Servicer shall, no later than the 15th day of the month in the month of such final distribution (or if such 15th day is not a Business Day, the Business Day immediately preceding such 15th day), notify the Trustee and the Trustee shall, no later than two (2) Business Days after such date, mail on such date to each Holder of such Class of Certificates a notice to the effect that: (i) the Trustee anticipates that the final distribution with respect to such Class of Certificates will be made on such Distribution Date but only upon presentation and surrender of such Certificates at the office of the Trustee or as otherwise specified therein, and (ii) no interest shall accrue on such Certificates from and after the end of the prior calendar month.

134

Any funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Holder or Holders to tender their Certificates shall, on such date, be set aside and held in trust and credited to the account of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to this Section 4.01(q) shall not have been surrendered for cancellation within six months after the time specified in such notice, the Trustee shall mail a second notice to the remaining non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with respect thereto. If within six months after the second notice all such Certificates shall not have been surrendered for cancellation, the Trustee shall take reasonable steps as directed by the Depositor, or appoint an agent to take reasonable steps, to contact the remaining non-tendering Certificateholders concerning surrender of their Certificates. The costs and expenses of maintaining the funds in trust and of contacting such Certificateholders shall be paid out of the assets remaining in the Trust Fund. If within nine months after the second notice any such Certificates shall not have been surrendered for cancellation, the Class R Certificateholders shall be entitled to all unclaimed funds and other assets which remain subject hereto. No interest shall accrue or be payable to any Certificateholder on any amount held in trust as a result of such Certificateholder's failure to surrender its Certificate(s) for final payment thereof in accordance with this Section 4.01(q).

Section 4.02. Statements to Certificateholders.

(a) On each Distribution Date, based, as applicable, on information provided to it by the Master Servicer, the Trustee shall prepare and make available on the Trustee’s website, which shall initially be located at “xxxxx://xxx.xxx.xx.xxx/xxxx” (assistance in using the website can be obtained by calling the Trustee’s customer service desk at (000) 000-0000), to each Holder of the Regular Certificates, the Certificate Insurer, the Swap Provider, the Master Servicer and the Rating Agencies, a statement as to the distributions made on such Distribution Date setting forth, with respect to each Loan Group:

(i) (A) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and (B) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges and Master Servicer Prepayment Charge Payment Amounts;

(ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified;

(iii) the applicable record dates, accrual periods, determination dates for calculating distributions and general distributions dates;

(iv) the total cash flows received and the general sources thereof;

(v) the amount of any Net Swap Payment and any amount from the Cap Contracts payable to the related Supplemental Interest Trust, any Net Swap Payment payable to the related Swap Provider, any Swap Termination Payment payable to the related Supplemental Interest Trust and any Swap Termination Payment payable to the related Swap Provider;

135

(vi) the Pass-Through Rate on each Class of Regular Certificates (other than the Class P Certificates) for such Distribution Date;

(vii) the aggregate amount of Advances for such Distribution Date (including the general purpose of such Advances), the aggregate amount of unreimbursed Advances at the close of business on the Distribution Date, and the general source of funds for reimbursements;

(viii) the number and Aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period;

(ix) the related Overcollateralization Release Amount and the related Overcollateralization Deficiency Amount for such Distribution Date;

(x) the aggregate Certificate Principal Balance of each Class of Regular Certificates after giving effect to the amounts distributed on such Distribution Date (in the case of each Class of the Offered Certificates and Class 1-B Certificates, separately identifying any reduction thereof due to the allocation of Realized Losses thereto);

(xi) the number and Stated Principal Balance of Mortgage Loans in respect of which (a) one Scheduled Payment is Delinquent, (b) two Scheduled Payments are Delinquent, (c) three or more Scheduled Payments are Delinquent and (d) foreclosure proceedings have been commenced, in each case as of the end of the calendar month prior to such Distribution Date;

(xii) the number, aggregate principal balance and book value of any REO Properties as of the close of business on the last day of the calendar month preceding the month in which such Distribution Date occurs;

(xiii) the weighted average remaining term to maturity, weighted average Mortgage Rate and weighted average Net Mortgage Rate of the Mortgage Loans as of the close of business on the first day of the calendar month in which such Distribution Date occurs;

(xiv) the aggregate amount of Principal Prepayments made during the related Prepayment Period;

(xv) the aggregate amount of Realized Losses incurred during the related Prepayment Period and the cumulative amount of Realized Losses;

(xvi) if applicable, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the preceding calendar month or that have become material over time;

(xvii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Custodial Account or the Certificate Account for such Distribution Date;

(xviii) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Master Servicer or a Sub-Servicer pursuant to Section 3.23, and the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date;

136

(xix) the Monthly Interest Distributable Amount and any Unpaid Interest Shortfall Amount in respect of each Class of the Certificates for such Distribution Date;

(xx) (A) the related Overcollateralization Target Amount, (B) the related Overcollateralized Amount and (C) the amount, if any, by which the related Overcollateralization Target Amount exceeds the related Overcollateralized Amount, in each case after giving effect to the distribution made on the Regular Certificates on such Distribution Date;

(xxi) the aggregate amount of servicing compensation received by the Master Servicer with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns;

(xxii) the aggregate of any deposits to and withdrawals from the Net WAC Shortfall Reserve Fund for such Distribution Date and the remaining amount on deposit in the Net WAC Shortfall Reserve Fund after such deposits and withdrawals;

(xxiii) the Available Distribution Amount for such Distribution Date;

(xxiv) the Insured Amount, if any, paid by the Certificate Insurer under the Certificate Guaranty Insurance Policy for such Distribution Date and the aggregate Insured Amounts for all prior Distribution Dates paid by the Certificate Insurer under the Certificate Guaranty Insurance Policy and not yet reimbursed;

(xxv) updated pool composition data including the following with respect to each Loan Group: average loan balance, weighted average mortgage rate, weighted average loan-to-value ratio at origination, weighted average FICO at origination, and weighted average remaining term; and

(xxvi) information about any additions of, substitutions for or removal of any Mortgage Loans from the Trust Fund, and any changes in the underwriting, acquisition or selection criteria as to any Mortgage Loans added to the Trust Fund.

In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall also be expressed as a dollar amount per Single Certificate.

On each Distribution Date the Trustee shall provide Bloomberg Financial Markets, L.P. (“Bloomberg”) CUSIP level factors for each Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trustee and Bloomberg.

Within a reasonable period of time after the end of each calendar year, the Trustee shall prepare and forward, to each Person who at any time during the calendar year was a Holder of a Certificate, a statement containing the information set forth in subclauses (i) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code and regulations thereunder as from time to time are in force.

137

On each Distribution Date the Trustee shall prepare and make available on the Trustee’s website (or deliver at the recipient's option), to each Holder of a Class R Certificate a copy of the reports forwarded to the other Certificateholders on such Distribution Date.

Within a reasonable period of time after the end of each calendar year, the Trustee shall prepare and forward, to each Person who at any time during the calendar year was a Holder of a Class R Certificate a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time are in force.

The location of the Trustee’s website and the procedures used therein are subject to change from time to time at the Trustee’s discretion. The Trustee shall have the right to change the way monthly distribution statement are distributed in order to make such distribution more convenient and/or more accessible to the above parties. The Trustee shall be entitled to conclusively rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the monthly statement, and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trustee’s website, the Trustee may require registration and the acceptance of a disclaimer. Notwithstanding anything to the contrary set forth in this Agreement, the parties hereto acknowledge that in connection with the Trustee’s preparation of the foregoing reports, the Trustee will rely solely upon the information provided to it in the Remittance Reports.

Section 4.03. Remittance Reports; Advances by the Master Servicer.

(a) On the 19^th calendar day of the month (but it any event no later than the 21^st calendar day of the month), the Master Servicer shall deliver to the Trustee a report, prepared as of the close of business on Business Day preceding such Determination Date (the “Remittance Report”), in the form of an electromagnetic tape, disk or such other electronic format agreeable to both parties. The Remittance Report and any written information supplemental thereto shall include such information with respect to the Mortgage Loans that is required by the Trustee for purposes of making the calculations and preparing the statement described in Sections 4.01 and 4.02, as set forth in written specifications or guidelines issued by the Trustee from time to time. The Trustee shall have no obligation to recompute, recalculate or verify any information provided to it by the Master Servicer.

(b) The Master Servicer shall determine the aggregate amount of Advances required to be made for the related Distribution Date, which shall be in an aggregate amount equal to the sum of (1) the aggregate amount of Monthly Payments, other than Balloon Payments, (with each interest portion thereof adjusted to the Mortgage Rate less the sum of the Master Servicing Fee Rate, the Sub-Servicing Fee Rate and any applicable PMI Insurer Fee Rate, and less the amount of any reductions in the amount of interest collectable from the Mortgagor pursuant to the Relief Act, on the Outstanding Mortgage Loans as of the related Due Date, which Monthly Payments were delinquent as of the close of business as of the related Determination Date) plus (2) with respect to each Balloon Loan delinquent in respect of its Balloon Payment as of the close of business on the related Determination Date, an amount equal to the assumed Monthly Payment (net of the related Master Servicing Fees and Sub-Servicing Fees) that would have been due on the related Due Date based on the original principal amortization scheduled for such Balloon Loan until such Balloon Loan is finally liquidated; provided that no Advance shall be made if it would be a Nonrecoverable Advance. On or before 4:00 P.M. New York time on each Certificate Account Deposit Date, the Master Servicer shall either (i) deposit in the Certificate Account from its own funds, or funds received therefor from the Sub-Servicers, an amount equal to the Advances to be made by the Master Servicer or any Sub-Servicers in respect of the related Distribution Date, (ii) withdraw from amounts on deposit in the Custodial Account and deposit in the Certificate Account all or a portion of the amounts held for future distribution in discharge of any such Advance, or (iii) make advances in the form of any combination of (i) and (ii) aggregating the amount of such Advance. Any portion of the amounts held for future distribution so used shall be replaced by the Master Servicer (to the extent not previously replaced by late collections of Monthly Payments in respect of which such Advance was made) by deposit in the Certificate Account on or before 1:00 P.M. New York time on any future Certificate Account Deposit Date to the extent that funds attributable to the Mortgage Loans that are available in the Custodial Account for deposit in the Certificate Account on such Certificate Account Deposit Date shall be less than payments to Certificateholders required to be made on the following Distribution Date. The amount of any reimbursement pursuant to Section 3.11 in respect of outstanding Advances on any Distribution Date shall be allocated to specific Monthly Payments due but delinquent for previous Due Periods, which allocation shall be made, to the extent practicable, to Monthly Payments which have been delinquent for the longest period of time. Such allocations shall be conclusive for purposes of reimbursement to the Master Servicer from recoveries on related Mortgage Loans pursuant to Section 3.11. The determination by the Master Servicer that it has made a Nonrecoverable Advance or that any proposed Advance, if made, would constitute a Nonrecoverable Advance, shall be evidenced by a certificate of a Servicing Officer delivered to the Sponsor, the Certificate Insurer and the Trustee with the Remittance Report. The Trustee shall deposit all funds it receives pursuant to this Section 4.03 into the Certificate Account.

138

(c) In the event that the Master Servicer determines as of any Certificate Account Deposit Date that it will be unable to deposit in the Certificate Account an amount equal to the Advance required to be made for the immediately succeeding Distribution Date in the amount determined by the Master Servicer pursuant to paragraph (b) above, it shall give notice to the Trustee of its inability to Advance (such notice may be given by telecopy), not later than 4:00 P.M., New York time, on such date, specifying the portion of such amount that it will be unable to deposit. Not later than 4:00 P.M., New York time, on the earlier of (x) two Business Days following such Certificate Account Deposit Date or (y) the Business Day preceding the related Distribution Date, unless by such time the Master Servicer shall have directly or indirectly deposited in the Certificate Account the entire amount of the Advances required to be made for the related Distribution Date, pursuant to Section 7.01, the Trustee shall (a) terminate all of the rights and obligations of the Master Servicer under this Agreement in accordance with Section 7.01 and (b) assume the rights and obligations of the Master Servicer hereunder, including the obligation to deposit in the Certificate Account an amount equal to the Advance for the immediately succeeding Distribution Date.

139

The Master Servicer and Sub-Servicer shall in all cases have a right prior to the Certificateholders to any particular funds on deposit in the Custodial Account from time to time for the reimbursement or payment of its Master Servicing Fee or Sub-Servicing Fee, Advances, Servicing Advances and any amounts reimbursable thereto in accordance with Section 3.11 of this Agreement, but only if and to the extent such amounts are to be reimbursed or paid from such particular funds on deposit in the Custodial Account pursuant to the express terms of this Agreement.

Section 4.04. Distributions on the REMIC Regular Interests.

(a) On each Distribution Date, the Trustee shall cause the following amounts with respect to Loan Group 1, in the following order of priority, to be distributed by REMIC 1 to REMIC 3 on account of the REMIC 1 Regular Interests or withdrawn from the Certificate Account and distributed to the Holders of the Class R Certificates (in respect of the Class R-1 Interest), as the case may be:

(i) from the Available Distribution Amount with respect to Loan Group 1 for such Distribution Date, determined without regard to clause (ii)(B) of the definition of Available Distribution Amount, to holders of the REMIC 1 Regular Interests, pro rata, in an amount equal to (A) the Uncertificated Accrued Interest for such REMIC 1 Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates;

(ii) to the extent of the Available Distribution Amount with respect to Loan Group 1 for such Distribution Date, determined without regard to clause (ii)(B) of the definition thereof, remaining after the distribution made pursuant to clause (i) above, first, to the holders of REMIC 1 Regular Interest OC, until the Uncertificated Principal Balance thereof is reduced to zero, and second, to holders of REMIC 1 Regular Interests 1-1-A through 1-84-B, starting with the lowest numerical denomination, until the Uncertificated Principal Balance of each such REMIC 1 Regular Interest is reduced to zero, provided that, for REMIC 1 Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC 1 Regular Interests;

(iii) to holders of REMIC 1 Regular Interest P, (A) all amounts representing Prepayment Charges in respect of the Group 1 Loans received during the related Prepayment Period that are identified as belonging to the Class 1-P Certificates on the attached Mortgage Loan Schedule, and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge identified as belonging to the Class 1-P Certificates on the attached Mortgage Loan Schedule or any Distribution Date thereafter, any remaining Available Distribution Amount with respect to Loan Group 1, until an amount equal to the initial Uncertificated Principal Balance of such REMIC 1 Regular Interest has been distributed pursuant to this clause; and

(iv) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-1 Interest).

140

(b) On each Distribution Date, the Trustee shall cause the following amounts with respect to Loan Group 2, in the following order of priority, to be distributed by REMIC 2 to REMIC 3 on account of the REMIC 2 Regular Interests or withdrawn from the Certificate Account and distributed to the Holders of the Class R Certificates (in respect of the Class R-2 Interest), as the case may be:

(i) from the Available Distribution Amount with respect to Loan Group 2 for such Distribution Date, determined without regard to clause (ii)(B) of the definition thereof, to holders of REMIC 2 Regular Interests, pro rata, in an amount equal to (A) the Uncertificated Accrued Interest for such REMIC 2 Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates;

(iii) to holders of REMIC 2 Regular Interest P, (A) all amounts representing Prepayment Charges in respect of the Group 2 Loans received during the related Prepayment Period that are identified as belonging to the Class 2-P Certificates on the attached Mortgage Loan Schedule, and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge identified as belonging to the Class 2-P Certificates on the attached Mortgage Loan Schedule or any Distribution Date thereafter, any remaining Available Distribution Amount with respect to Loan Group 2, until an amount equal to the initial Uncertificated Principal Balance of such REMIC 2 Regular Interest has been distributed pursuant to this clause; and

(iv) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-2 Interest).

(c) (1) On each Distribution Date, the following amounts with respect to Loan Group 1, in the following order of priority, shall be distributed by REMIC 3 to REMIC 4 on account of the REMIC 3 Group 1 Regular Interests or withdrawn from the Certificate Account and distributed to the Holders of the Class R Certificates (in respect of the Class R-3 Interest), as the case may be:

(i) from the Available Distribution Amount with respect to Loan Group 1 for such Distribution Date, determined without regard to clause (ii)(B) of the definition of Available Distribution Amount, to holders of REMIC 3 Regular Interest 1-IO, in an amount equal to (A) the Uncertificated Accrued Interest for such REMIC 3 Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates;

141

(ii) to the extent of the Available Distribution Amount with respect to Loan Group 1 for such Distribution Date, determined without regard to clause (ii)(B) of the definition of Available Distribution Amount, remaining after the distribution pursuant to clause (i), to holders of each REMIC 3 Group 1 Regular Interest (other than REMIC 3 Regular Interest 1-IO), pro rata, in an amount equal to (A) the Uncertificated Accrued Interest for such REMIC 3 Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect of REMIC 3 Regular Interest 1-ZZ and REMIC 3 Regular Interest 1-P shall be reduced when the REMIC 3 Group 1 Overcollateralized Amount is less than the REMIC 3 Group 1 Overcollateralization Target Amount, by the lesser of (x) the amount of such difference and (y) the Group 1 Maximum Uncertificated Accrued Interest Deferral Amount, and such amount will be payable to holders of each REMIC 3 Group 1 Regular Interest for which a Class 1-A, Class 1-B or Class 1-M Certificate is the Corresponding Certificate in the same proportion as the Extra Principal Distribution Amount with respect to Loan Group 1 is allocated to the Corresponding Certificates for each such REMIC 3 Group 1 Regular Interest, and the Uncertificated Principal Balance of REMIC 3 Regular Interest 1-ZZ shall be increased by such amount;

(iii) to the extent of the Available Distribution Amount with respect to Loan Group 1 for such Distribution Date, determined without regard to clause (ii)(B) of the definition thereof, remaining after the distribution pursuant to clauses (i) and (ii), to holders of REMIC 3 Group 1 Regular Interests (other than REMIC 3 Regular Interests 1-IO and 1-P ), allocated as follows:

(A) 98.00% of such remainder to holders of REMIC 3 Regular Interest 1-AA, until the Uncertificated Principal Balance of such REMIC 3 Regular Interest is reduced to zero; and

(B) 2.00% of such remainder, first, to holders of each REMIC 3 Group 1 Regular Interest for which a Class 1-A, Class 1-B or Class 1-M Certificate is the Corresponding Certificate, in an aggregate amount equal to 1% of and in the same proportion as principal payments are allocated to the Corresponding Certificates for each such REMIC 3 Group 1 Regular Interest, until the Uncertificated Principal Balances of such REMIC 3 Group 1 Regular Interests are reduced to zero; and second, to the holders of REMIC 3 Regular Interest 1-ZZ, until the Uncertificated Principal Balance of such REMIC 3 Regular Interest is reduced to zero;

(iv) to holders of REMIC 3 Regular Interest 1-P, pro rata, (A) all amounts representing Prepayment Charges in respect of the Group 1 Loans distributed on REMIC 1 Regular Interest P, and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge identified as belonging to the Class 1-P Certificates on the attached Mortgage Loan Schedule or any Distribution Date thereafter, any remaining Available Distribution Amount with respect to Loan Group 1 distributed in respect of REMIC 1 Regular Interest P, until an amount equal to the initial Uncertificated Principal Balance of such REMIC 3 Regular Interest has been distributed pursuant to this clause; and

142

(v) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-3 Interest).

(2) On each Distribution Date, the following amounts with respect to Loan Group 2, in the following order of priority, shall be distributed by REMIC 3 to REMIC 4 on account of the REMIC 3 Group 2 Regular Interests or withdrawn from the Certificate Account and distributed to the Holders of the Class R-3 Certificates (in respect of the Class R-3 Interest), as the case may be:

(i) from the Available Distribution Amount with respect to Loan Group 2 for such Distribution Date, determined without regard to clause (ii)(B) of the definition of Available Distribution Amount, to holders of REMIC 3 Regular Interest 2-IO, in an amount equal to (A) the Uncertificated Accrued Interest for such REMIC 3 Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates;

(ii) to the extent of the Available Distribution Amount with respect to Loan Group 2 for such Distribution Date, determined without regard to clause (ii)(B) of the definition of Available Distribution Amount, remaining after the distribution pursuant to clause (i), to holders of each REMIC 3 Group 2 Regular Interest (other than REMIC 3 Regular Interest 2-IO), pro rata, in an amount equal to (A) the Uncertificated Accrued Interest for such REMIC 3 Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Accrued Interest in respect of REMIC 3 Regular Interests 2-ZZ and 2-P shall be reduced when the REMIC 3 Group 2 Overcollateralized Amount is less than the REMIC 3 Group 2 Overcollateralization Target Amount, by the lesser of (x) the amount of such difference and (y) the Group 2 Maximum Uncertificated Accrued Interest Deferral Amount, and such amount will be payable to holders of REMIC 3 Regular Interest 2-A in the same proportion as the Extra Principal Distribution Amount with respect to Loan Group 2 is allocated to the Corresponding Certificates for such REMIC 3 Regular Interest, and the Uncertificated Principal Balance of REMIC 3 Regular Interest 2-ZZ shall be increased by such amount;

(iii) to the extent of the Available Distribution Amount with respect to Loan Group 2 for such Distribution Date, determined without regard to clause (ii)(B) of the definition of Available Distribution Amount, remaining after the distributions pursuant to clauses (i) and (ii), to holders of REMIC 3 Group 2 Regular Interests (other than REMIC 3 Regular Interests 2-IO and 2-P), allocated as follows:

(A) 98.00% of such remainder to holders of REMIC 3 Regular Interest 2-AA, until the Uncertificated Principal Balance of such REMIC 3 Regular Interest is reduced to zero; and

143

(B) 2.00% of such remainder, first, to holders of REMIC 3 Regular Interest 2-A, in an aggregate amount equal to 1% of and in the same proportion as principal payments are allocated to the Corresponding Certificates for such REMIC 3 Regular Interest, until the Uncertificated Principal Balance of such REMIC 3 Regular Interest is reduced to zero; and second, to the holders of REMIC 3 Regular Interest 2-ZZ, until the Uncertificated Principal Balance of such REMIC 3 Regular Interest is reduced to zero;

(iv) to holders of REMIC 3 Regular Interest 2-P, (A) all amounts representing Prepayment Charges in respect of the Group 2 Loans distributed on REMIC 2 Regular Interest 2-P, and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge identified as belonging to the Class 2-P Certificates on the attached Mortgage Loan Schedule or any Distribution Date thereafter, any remaining Available Distribution Amount with respect to Loan Group 2 distributed in respect of REMIC 2 Regular Interest 2-P, until an amount equal to the initial Uncertificated Principal Balance of such REMIC 3 Regular Interest has been distributed pursuant to this clause; and

(v) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-3 Interest).

(d) On each Distribution Date, an amount equal to the amounts distributed pursuant to Sections 4.01(l)(ii), (vii) and (xii) on such date shall be deemed distributed from REMIC 4 to Holders of the Class 1-C Certificates in respect of the Class 1-C Distribution Amount.

(d) On each Distribution Date, an amount equal to the amounts distributed pursuant to Sections 4.01(m)(ii), (vi) and (xi) on such date shall be deemed distributed from REMIC 4 to Holders of the Class 2-C Certificates in respect of the Class 2-C Distribution Amount.

(e) On each Distribution Date, 100% of the amounts deemed distributed on REMIC 3 Regular Interest 1-IO shall be deemed distributed by REMIC 4 in respect of the Class 1-IO Interest for deposit into the Group 1 Supplemental Interest Trust.

(f) On each Distribution Date, 100% of the amounts deemed distributed on REMIC 3 Regular Interest 2-IO shall be deemed distributed by REMIC 4 in respect of the Class 2-IO Interest for deposit into the Group 2 Supplemental Interest Trust.

Section 4.05. Allocation of Realized Losses.

All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date as follows: first, to related Net Monthly Excess Cashflow, through a distribution of the related Extra Principal Distribution Amount for that Distribution Date; second, to the unrelated Net Monthly Excess Cashflow; third, to the related Overcollateralized Amount by a reduction of the Certificate Principal Balance of the related Class C Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, if such Realized Loss is on a Group 1 Loan, first, to the Class 1-B Certificates, until the Certificate Principal Balance thereof has been reduced to zero; second, to the Class 1-M-8 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class 1-M-7 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class 1-M-6 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class 1-M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class 1-M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; seventh, to the Class 1-M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; eighth, to the Class 1-M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and ninth to the Class 1-M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; thereafter, any Realized Losses on the Group 1 Loans will be allocated on any Distribution Date to the Class 1-A1-A, Class 1-A1-B, Class 1-A1-C and Class 1-AM Certificates, pro rata, based on the Certificate Principal Balances thereof, in each case in reduction of the Certificate Principal Balances thereof, until reduced to zero, provided that any such Realized Loss otherwise allocable to the Class 1-A1-A, Class 1-A1-B and Class 1-A1-C Certificates shall be first allocated to the Class 1-AM Certificates, until reduced to zero, and if such Realized Loss is on a Group 2 Loan, to the Class 2-A Certificates; provided, however, that any Realized Loss applied to the Class 2-A Certificates will be covered by the Certificate Guaranty Insurance Policy.

144

(a) Any allocation of Realized Losses to an Offered Certificate or Class 1-B Certificates on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated. Any allocation of Realized Losses to Net Monthly Excess Cashflow related to Loan Group 1 shall be made by reducing the amount otherwise payable in respect of the Class 1-C Certificates pursuant to Section 4.01(l)(xii), and any allocation of Realized Losses to Group 1 Overcollateralized Amount shall be made by reducing the Certificate Principal Balance of the Class 1-C Certificates by the amount so allocated. Any allocation of Realized Losses to Net Monthly Excess Cashflow related to Loan Group 2 shall be made by reducing the amount otherwise payable in respect of the Class 2-C Certificates pursuant to Section 4.01(m)(xi), and any allocation of Realized Losses to Group 2 Overcollateralized Amount shall be made by reducing the Certificate Principal Balance of the Class 2-C Certificates by the amount so allocated. No allocations of any Realized Losses shall be made to the Certificate Principal Balance of the Class 1-P Certificates and Class 2-P Certificates.

(b) All Realized Losses on the Group 1 Loans shall be allocated on each Distribution Date, first, to REMIC 1 Regular Interest OC until the Uncertificated Principal Balance thereof has been reduced to zero, and second, to REMIC 1 Regular Interest 1-1-A through REMIC 1 Regular Interest 1-84-B, starting with the lowest numerical denomination until the Uncertificated Principal Balance of each such REMIC 1 Regular Interest has been reduced to zero; provided that, for REMIC 1 Regular Interests with the same numerical denomination, such Realized Losses shall be allocated pro rata between such REMIC 1 Regular Interests.

(c) All Realized Losses on the Group 2 Loans shall be allocated on each Distribution Date, first, to REMIC 2 Regular Interest OC until the Uncertificated Principal Balance thereof has been reduced to zero, and second, to REMIC 2 Regular Interest 1-1-A through REMIC 2 Regular Interest 1-117-B, starting with the lowest numerical denomination until the Uncertificated Principal Balance of each such REMIC 2 Regular Interest has been reduced to zero; provided that, for REMIC 2 Regular Interests with the same numerical denomination, such Realized Losses shall be allocated pro rata between such REMIC 2 Regular Interests.

145

(d) All Realized Losses on the Group 1 Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC 3 Group 1 Regular Interests in the following specified percentages: first, to Uncertificated Accrued Interest payable to the REMIC 3 Regular Interest 1-AA and REMIC 3 Regular Interest 1-ZZ up to an aggregate amount equal to the REMIC 3 Group 1 Interest Loss Allocation Amount (without duplication of shortfalls allocated pursuant to Section 1.03), 98.00% and 2.00%, respectively, and to the extent of any amount equal to the REMIC 3 Group 1 Interest Loss Allocation Amount remaining after the foregoing allocations to REMIC 3 Regular Interests 1-AA and 1-ZZ, to Uncertificated Accrued Interest payable to REMIC 3 Regular Interest 1-P to the extent of such remaining amount; second, to Uncertificated Accrued Interest payable to the REMIC 3 Regular Interest 2-AA and REMIC 3 Regular Interest 2-ZZ up to an aggregate amount equal to any portion of the REMIC 3 Group 2 Interest Loss Allocation Amount remaining after the allocation of Realized Losses on the Group 2 Loans pursuant to clause (e) below (without duplication of shortfalls allocated pursuant to Section 1.03), 98.00% and 2.00%, respectively, and to the extent of any amount of such portion of the REMIC 3 Group 2 Interest Loss Allocation Amount remaining after the foregoing allocations to REMIC 3 Regular Interests 2-AA and 2-ZZ, to Uncertificated Accrued Interest payable to REMIC 3 Regular Interest 2-P to the extent of such remaining amount; third, to the Uncertificated Principal Balances of REMIC 3 Regular Interest 1-AA and REMIC 3 Regular Interest 1-ZZ up to an aggregate amount equal to the REMIC 3 Group 1 Principal Loss Allocation Amount, 98.00% and 2.00%, respectively; fourth, to the Uncertificated Principal Balances of REMIC 3 Regular Interest 1-AA, REMIC 3 Regular Interest 1-B and REMIC 3 Regular Interest 1-ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC 3 Regular Interest 1-B has been reduced to zero; fifth, to the Uncertificated Principal Balances of REMIC 3 Regular Interest 1-AA, REMIC 3 Regular Interest 1-M-8 and REMIC 3 Regular Interest 1-ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC 3 Regular Interest 1-M-8 has been reduced to zero; sixth, to the Uncertificated Principal Balances of REMIC 3 Regular Interest 1-AA, REMIC 3 Regular Interest 1-M-7 and REMIC 3 Regular Interest 1-ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC 3 Regular Interest 1-M-7 has been reduced to zero; seventh, to the Uncertificated Principal Balances of REMIC 3 Regular Interest 1-AA, REMIC 3 Regular Interest 1-M-6 and REMIC 3 Regular Interest 1-ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC 3 Regular Interest 1-M-6 has been reduced to zero; eighth, to the Uncertificated Principal Balances of REMIC 3 Regular Interest 1-AA, REMIC 3 Regular Interest 1-M-5 and REMIC 3 Regular Interest 1-ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC 3 Regular Interest 1-M-5 has been reduced to zero; ninth, to the Uncertificated Principal Balances of REMIC 3 Regular Interest 1-AA, REMIC 3 Regular Interest 1-M-4 and REMIC 3 Regular Interest 1-ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC 3 Regular Interest 1-M-4 has been reduced to zero; tenth, to the Uncertificated Principal Balances of REMIC 3 Regular Interest 1-AA, REMIC 3 Regular Interest 1-M-3 and REMIC 3 Regular Interest 1-ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC 3 Regular Interest 1-M-3 has been reduced to zero; eleventh, to the Uncertificated Principal Balances of REMIC 3 Regular Interest 1-AA, REMIC 3 Regular Interest 1-M-2 and REMIC 3 Regular Interest 1-ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC 3 Regular Interest 1-M-2 has been reduced to zero; twelfth, to the Uncertificated Principal Balance of REMIC 3 Regular Interest 1-M-1 and REMIC 3 Regular Interest 1-ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC 3 Regular Interest 1-M-1 has been reduced to zero; and thirteenth, to the Uncertificated Principal Balance of REMIC 3 Regular Interest 1-AA, 98.00%, to the Uncertificated Principal Balances of REMIC 3 Regular Interests 1-A1-A, 1-A1-B, 1-A1-C and 1-AM, 1.00% pro rata, and to the Uncertificated Principal Balance of REMIC 3 Regular Interest 1-ZZ, 1.00%, until the Uncertificated Principal Balances of such REMIC 3 Regular Interests 1-A1-A, 1-A1-B, 1-A1-C and 1-AM have been reduced to zero, provided that any such Realized Losses otherwise allocable to REMIC 3 Regular Interests 1-A1-A, 1-A1-B and 1-A1-C shall be first allocated to REMIC 3 Regular Interest 1-AM, until the Uncertificated Principal Balance thereof has been reduced to zero.

146

(e) All Realized Losses on the Group 2 Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC 3 Group 2 Regular Interests in the following specified percentages: first, to Uncertificated Accrued Interest payable to the REMIC 3 Regular Interest 2-AA and REMIC 3 Regular Interest 2-ZZ up to an aggregate amount equal to the REMIC 3 Group 2 Interest Loss Allocation Amount (without duplication of shortfalls allocated pursuant to Section 1.03), 98.00% and 2.00%, respectively, and to the extent of any amount equal to the REMIC 3 Group 2 Interest Loss Allocation Amount remaining after the foregoing allocations to REMIC 3 Regular Interests 2-AA and 2-ZZ, to Uncertificated Accrued Interest payable to REMIC 3 Regular Interest 2-P to the extent of such remaining amount; second, to Uncertificated Accrued Interest payable to the REMIC 3 Regular Interest 1-AA and REMIC 3 Regular Interest 1-ZZ up to an aggregate amount equal to any portion of the REMIC 3 Group 1 Interest Loss Allocation Amount remaining after the allocation of Realized Losses on the Group 1 Loans pursuant to clause (d) above (without duplication of shortfalls allocated pursuant to Section 1.03), 98.00% and 2.00%, respectively, and to the extent of any amount of such portion of the REMIC 3 Group 1 Interest Loss Allocation Amount remaining after the foregoing allocations to REMIC 3 Regular Interests 1-AA and 1-ZZ, to Uncertificated Accrued Interest payable to REMIC 3 Regular Interest 1-P to the extent of such remaining amount; third, to the Uncertificated Principal Balances of the REMIC 3 Regular Interest 2-AA and REMIC 3 Regular Interest 2-ZZ up to an aggregate amount equal to the REMIC 3 Group 2 Principal Loss Allocation Amount, 98.00% and 2.00%, respectively; and fourth, to the Uncertificated Principal Balances of REMIC 3 Regular Interest 2-AA, REMIC 3 Regular Interest 2-A and REMIC 3 Regular Interest 2-ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC 3 Regular Interest 2-A has been reduced to zero.

Section 4.06. Information Reports to Be Filed by the Master Servicer.

The Master Servicer or the Sub-Servicers shall file information reports with respect to the receipt of mortgage interest received in a trade or business, foreclosures and abandonments of any Mortgaged Property and the information returns relating to cancellation of indebtedness income with respect to any Mortgaged Property required by Sections 6050H, 6050J and 6050P of the Code, respectively, and deliver to the Trustee an Officers’ Certificate stating that such reports have been filed. Such reports shall be in form and substance sufficient to meet the reporting requirements imposed by such Sections 6050H, 6050J and 6050P of the Code.

147

Section 4.07. Compliance with Withholding Requirements.

Notwithstanding any other provision of this Agreement, the Trustee shall comply with all federal withholding requirements respecting payments to Certificateholders of interest or original issue discount on the Mortgage Loans, that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee withholds any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee shall, together with its monthly report to such Certificateholders pursuant to Section 4.02 hereof, indicate such amount withheld.

Section 4.08. Group 1 Net WAC Shortfall Reserve Fund.

(a) On the Closing Date, the Trustee shall establish and maintain in its name, in trust for the benefit of the Class 1-A Certificates, the Subordinate Certificates and the Class 1-C Certificates, the Group 1 Net WAC Shortfall Reserve Fund. In addition, on the Closing Date, the Depositor shall deposit into the Group 1 Net WAC Shortfall Reserve Fund an amount equal to the Group 1 Net WAC Shortfall Reserve Fund Deposit. The Trustee shall deposit in the Group 1 Net WAC Shortfall Reserve Fund all payments received from the Group 1 Supplemental Interest Trust that are payable to the Trust Fund under Section 4.01(n)(iv) from amounts under the Group 1 Interest Rate Swap Agreement and Group 1 Cap Contracts, and on each Distribution Date, the Trustee shall remit such amounts received from the Group 1 Supplemental Interest Trust to the Holders of the related Class 1-A Certificates and Subordinate Certificates in the manner provided in that Section. In addition, on each Distribution Date as to which there is a Group 1 Net WAC Shortfall Amount with respect to Loan Group 1 payable to any Class of Class 1-A Certificates and Subordinate Certificates, the Trustee shall deposit the amounts distributable pursuant to clause (vii) of Section 4.01(l) into the Group 1 Net WAC Shortfall Reserve Fund, and the Trustee has been directed by the Holders of the Class 1-C Certificates to distribute amounts then on deposit in the Group 1 Net WAC Shortfall Reserve Fund to the Holders of the Class 1-A Certificates and Subordinate Certificates in respect of the Net WAC Shortfall Amount with respect to Loan Group 1 in the priority set forth in clause (vii) of Section 4.01(l). Any amount paid to the Holders of any Class 1-A Certificates and Subordinate Certificates pursuant to the preceding sentence in respect of Net WAC Shortfall Amounts from amounts distributable pursuant to clause (vii) of Section 4.01(l) shall be treated as distributed to the Holders of the Class 1-C Certificates in respect of the Class 1-C Certificates and paid by such Holders to the Holders of such Class 1-A Certificates and Subordinate Certificates. Any payments to the Holders of the Class 1-A Certificates and Subordinate Certificates in respect of Net WAC Shortfall Amounts, whether pursuant to the second preceding sentence or pursuant to Section 4.01(n)(iv), shall not be payments with respect to a Regular Interest in a REMIC within the meaning of Code Section 860G(a)(1).

(b) The Group 1 Net WAC Shortfall Reserve Fund is an “outside reserve fund” within the meaning of Treasury Regulation Section 1.860G-2(h) and shall be an asset of the Trust Fund but not an asset of any REMIC. The Trustee on behalf of the Trust shall be the nominal owner of the Group 1 Net WAC Shortfall Reserve Fund. The Holders of the Class 1-C Certificates shall be the beneficial owners of the Group 1 Net WAC Shortfall Reserve Fund, subject to the power of the Trustee to transfer amounts under Section 4.01. Amounts in the Group 1 Net WAC Shortfall Reserve Fund shall, at the written direction of the Holders of the Class 1-C Certificates, be invested in Permitted Investments that mature no later than the Business Day prior to the next succeeding Distribution Date. In the absence of such written direction, all funds in the Group 1 Net WAC Shortfall Reserve Fund shall remain uninvested. All net income and gain from such investments shall be distributed to the Holders of the Class 1-C Certificates, pro rata, not as a distribution in respect of any interest in any REMIC, on each such Distribution Date. All amounts earned on amounts on deposit in the Group 1 Net WAC Shortfall Reserve Fund shall be taxable to the Holders of the Class 1-C Certificates. Any losses on such investments shall be deposited in the Group 1 Net WAC Shortfall Reserve Fund by the Holders of the Class 1-C Certificates, pro rata, out of their own funds immediately as realized.

148

Section 4.09. Group 2 Net WAC Shortfall Reserve Fund.

(a) On the Closing Date, the Trustee shall establish and maintain in its name, in trust for the benefit of the Class 2-A Certificates and the Class 2-C Certificates, the Group 2 Net WAC Shortfall Reserve Fund. In addition, on the Closing Date, the Depositor shall deposit into the Group 2 Net WAC Shortfall Reserve Fund an amount equal to the Group 2 Net WAC Shortfall Reserve Fund Deposit. The Trustee shall deposit in the Group 2 Net WAC Shortfall Reserve Fund all payments received from the Group 2 Supplemental Interest Trust that are payable to the Trust Fund under Section 4.01(o)(iii) from amounts under the Group 2 Interest Rate Swap Agreement and Group 2 Cap Contract, and on each Distribution Date, the Trustee shall remit such amounts received from the Group 2 Supplemental Interest Trust to the Holders of the Class 2-A Certificates in the manner provided in that Section. In addition, on each Distribution Date as to which there is a Group 2 Net WAC Shortfall Amount with respect to Loan Group 2 payable to the Class 2-A Certificates, the Trustee shall deposit the amounts distributable pursuant to clause (vi) of Section 4.01(m) into the Group 2 Net WAC Shortfall Reserve Fund, and the Trustee has been directed by the Holders of the Class 2-C Certificates to distribute amounts then on deposit in the Group 2 Net WAC Shortfall Reserve Fund to the Holders of the Class 2-A Certificates in respect of the Net WAC Shortfall Amount with respect to Loan Group 2 in the priority set forth in clause (vi) of Section 4.01(m). Any amount paid to the Holders of any Class 2-A Certificates pursuant to the preceding sentence in respect of Net WAC Shortfall Amounts from amounts distributable pursuant to clause (vi) of Section 4.01(m) shall be treated as distributed to the Holders of the Class 2-C Certificates in respect of the Class 2-C Certificates and paid by such Holders to the Holders of such Class 2-A Certificates. Any payments to the Holders of the Class 2-A Certificates in respect of Net WAC Shortfall Amounts, whether pursuant to the second preceding sentence or pursuant to Section 4.01(o)(iii), shall not be payments with respect to a Regular Interest in a REMIC within the meaning of Code Section 860G(a)(1).

(b) The Group 2 Net WAC Shortfall Reserve Fund is an “outside reserve fund” within the meaning of Treasury Regulation Section 1.860G-2(h) and shall be an asset of the Trust Fund but not an asset of any REMIC. The Trustee on behalf of the Trust shall be the nominal owner of the Group 2 Net WAC Shortfall Reserve Fund. The Holders of the Class 2-C Certificates shall be the beneficial owners of the Group 2 Net WAC Shortfall Reserve Fund, in each case subject to the power of the Trustee to transfer amounts under Section 4.01. Amounts in the Group 2 Net WAC Shortfall Reserve Fund shall, at the written direction of the Holders of the Class 2-C Certificates, be invested in Permitted Investments that mature no later than the Business Day prior to the next succeeding Distribution Date. In the absence of such written direction, all funds in the Group 2 Net WAC Shortfall Reserve Fund shall remain uninvested. All net income and gain from such investments shall be distributed to the Holders of the Class 2-C Certificates, pro rata, not as a distribution in respect of any interest in any REMIC, on each such Distribution Date. All amounts earned on amounts on deposit in the Group 2 Net WAC Shortfall Reserve Fund shall be taxable to the Holders of the Class 2-C Certificates. Any losses on such investments shall be deposited in the Group 2 Net WAC Shortfall Reserve Fund by the Holders of the Class 2-C Certificates, pro rata, out of their own funds immediately as realized.

149

Section 4.10. Group 1 Supplemental Interest Trust.

(i) As of the Closing Date, the Trustee, as Group 1 Supplemental Interest Trust Trustee, is directed to enter into the Group 1 Interest Rate Swap Agreement and the Group 1 Cap Contracts and shall establish and maintain in the name of the Group 1 Supplemental Interest Trust Trustee, the Group 1 Supplemental Interest Trust for the benefit of the Group 1 Swap Provider and the Holders of the Class 1-A, Class 1-M, Class 1-B and Class 1-C Certificates. The Group 1 Supplemental Interest Trust shall hold the Group 1 Interest Rate Swap Agreement, the Class 1-IO Interest, the Group 1 Cap Contracts and the Group 1 Derivative Account. The Trustee shall establish an Eligible Account (the “Group 1 Derivative Account”) into which the Depositor shall deposit $1,000 on the Closing Date. Funds on deposit in the Group 1 Derivative Account shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee or held pursuant to this Agreement.

(ii) On each Distribution Date, the Trustee shall deposit into the Group 1 Derivative Account amounts distributable to the Group 1 Supplemental Interest Trust pursuant to Sections 4.01(a) (sixth paragraph) and 4.01(l)(ix) of this Agreement. In addition, the Trustee shall deposit into the Group 1 Derivative Account for payment to the Group 1 Swap Provider the Group 1 Swap Optional Termination Payment (which shall include any related Net Swap Payment payable to the Group 1 Swap Provider) payable under Section 9.01. On each Distribution Date, the Trustee shall distribute any such amounts to the Group 1 Swap Provider pursuant to the Group 1 Interest Rate Swap Agreement, first to pay any related Net Swap Payment owed to the Group 1 Swap Provider for such Distribution Date or remaining unpaid from prior Distribution Dates, and second to pay any related Swap Termination Payment owed to the Group 1 Swap Provider for such Distribution Date or remaining unpaid from prior Distribution Dates.

(iii) On each Distribution Date, the Trustee, as Group 1 Supplemental Interest Trust Trustee, shall deposit into the Group 1 Derivative Account amounts received by the Group 1 Supplemental Interest Trust under the Group 1 Interest Rate Swap Agreement from the Group 1 Swap Provider and under the Group 1 Cap Contracts from the Group 1 Cap Counterparties. On each Distribution Date, the Trustee shall, and the Trustee has been directed by the Holders of the Class 1-C Certificates to, distribute from the Group 1 Derivative Account an amount equal to the amount of any related Net Swap Payment or Swap Termination Payment received from the Group 1 Swap Provider under the Group 1 Interest Rate Swap Agreement and payments received from the Group 1 Cap Counterparties under the Group 1 Cap Contracts, in the following order of priority:

150

(a) first, an amount equal to the aggregate amount required under Section 4.01(n) to be distributed on such Distribution Date, to the related Class 1-A, Class 1-M and Class 1-B Certificateholders in accordance with Section 4.01(n) of this Agreement, and

(b) second, any remainder, to the Holder of the Class 1-C Certificates.

(iv) The Group 1 Supplemental Interest Trust constitutes an “outside reserve fund” within the meaning of Treasury Regulation Section 1.860G-2(h) and shall not be an asset of any REMIC. The Holders of the Class 1-C Certificates shall be the beneficial owner of the Group 1 Supplemental Interest Trust, subject to the power of the Trustee to transfer amounts under this Agreement. The Trustee shall keep records that accurately reflect the funds on deposit in the Group 1 Derivative Account. The Trustee shall, at the written direction of the Holders of the Class 1-C Certificates, invest amounts on deposit in the Group 1 Supplemental Interest Trust in Permitted Investments that mature no later than the Business Day prior to the next succeeding Distribution Date. In the absence of such written direction, all funds in the Group 1 Supplemental Interest Trust shall remain uninvested. On each Distribution Date, the Trustee shall distribute not as a distribution in respect of any interest in any REMIC, any income or gain earned on the invested assets in the Group 1 Supplemental Interest Trust to the Holders of the Class 1-C Certificates, on a pro rata basis. All amounts earned on amounts on deposit in the Group 1 Supplemental Interest Trust shall be taxable to the Holders of the Class 1-C Certificates. Any losses on such investments shall be deposited in the Group 1 Supplemental Interest Trust by the Holders of the Class 1-C Certificates, pro rata, out of their own funds immediately as realized.

(v) For federal income tax purposes, amounts paid to the Group 1 Supplemental Interest Trust on each Distribution Date pursuant to Section 4.01(a) (first and second sentences of the sixth paragraph) for payment to the Group 1 Swap Provider with respect to the Group 1 Interest Rate Swap Agreement shall first be deemed to be paid to the Group 1 Supplemental Interest Trust in respect of the Class 1-IO Interest to the extent of the amount distributable on such Class 1-IO Interest on such Distribution Date, and shall then be deemed to be paid to the Group 1 Supplemental Interest Trust in respect of a Group 1 Class IO Distribution Amount as described below.

(vi) The Trustee shall treat the Holders of the Class 1-A, Class 1-M and Class 1-B Certificates as having entered into a notional principal contract with respect to the Holders of the Class 1-C Certificates. Pursuant to each such notional principal contract, all Holders of the Class 1-A, Class 1-M and Class 1-B Certificates shall be treated as having agreed to pay, on each Distribution Date, to the Holder of the Class 1-C Certificates an aggregate amount equal to the excess, if any, of (i) the amount payable on such Distribution Date on the REMIC 4 Regular Interest corresponding to such Class of Certificates over (ii) the amount payable on such Class of Certificates on such Distribution Date (such excess, a “Group 1 Class IO Distribution Amount”). A Group 1 Class IO Distribution Amount payable from interest collections shall be allocated pro rata among such Certificates based on the excess of, with respect to each such Certificate, (i) the amount of interest otherwise payable to the REMIC 4 Regular Interest relating to such Certificate over (ii) the amount of interest payable to such Certificate at a per annum rate equal to the related Net WAC Rate, and a Group 1 Class IO Distribution Amount payable from principal collections shall be allocated to the most subordinate Class of the Class 1-A, Class 1-M, Class 1-B and Class 1-C Certificates with an outstanding principal balance to the extent of such balance. In addition, pursuant to such notional principal contract, the Holder of the Class 1-C Certificates shall be treated as having agreed to pay to the Holders of the Class 1-A, Class 1-M and Class 1-B Certificates (a) any Net WAC Shortfall Amounts with respect to Loan Group 1, in accordance with the terms of this Agreement, and (b) any other amounts representing the excess, if any, of the amount of interest payable to such Certificates over the amount of interest payable to the REMIC 4 Regular Interest relating to such Certificate, in each case, on the related Distribution Date, from the amounts deemed distributed to the Group 1 Supplemental Interest Trust in respect of the Class 1-IO Interest in accordance with paragraph (v) above. Any payments to the Class 1-A, Class 1-M, Class 1-B and Class 1-C Certificates from amounts deemed received in respect of this notional principal contract shall not be payments with respect to a Regular Interest in a REMIC within the meaning of Section 860G(a)(1) of the Code. However, any payment from the Class 1-A, Class 1-M and Class 1-B Certificates of a Group 1 Class IO Distribution Amount shall be treated for tax purposes as having been received by the Holders of such Certificates in respect of their interests in REMIC 4 and as having been paid by such Holders to the Holders of the Class 1-C Certificates pursuant to the notional principal contract. Thus, each Class 1-A, Class 1-M, Class 1-B and Class 1-C Certificate shall be treated as representing not only ownership of a Regular Interest in REMIC 4, but also ownership of an interest in, and obligations with respect to, a notional principal contract.

151

(vii) (a) Upon designation of an early termination date with respect to a Group 1 Derivative Contract other than in connection with a Group 1 Optional Termination, the Trustee, as Group 1 Supplemental Interest Trust Trustee, at the written direction of the Depositor will use reasonable efforts to appoint a successor derivative counterparty to enter into a new derivative contract on terms substantially similar to such Group 1 Derivative Contract with a derivative counterparty meeting all applicable eligibility requirements. The Trustee, as Group 1 Supplemental Interest Trust Trustee will apply any Group 1 Derivative Termination Payment received from the original derivative counterparty in connection with the early termination of such Group 1 Derivative Contract to the upfront payment required to appoint the successor derivative counterparty.

If a successor derivative counterparty is not appointed within 30 days of such early termination, then the Trustee, as Group 1 Supplemental Interest Trust Trustee will deposit any Group 1 Derivative Termination Payment received from the original derivative counterparty in connection with the early termination of such Group 1 Derivative Contract into a separate, non-interest bearing reserve account and will, on each subsequent Distribution Date, withdraw from the amount then remaining on deposit in such reserve account an amount equal to the payment, if any, that would have been paid to the Group 1 Supplemental Interest Trust Trustee by the original derivative counterparty calculated in accordance with the terms of the related Group 1 Derivative Contract, and distribute such amount in accordance with the terms of this Agreement.

(b) In the event that the derivative counterparty under a Group 1 Derivative Contract fails to perform any of its obligations under such Group 1 Derivative Contract (including, without limitation, its obligation to make any payment or transfer collateral), or breaches any of its representations and warranties thereunder, or in the event that any Event of Default, Termination Event, or Additional Termination Event (each as defined in the related Group 1 Derivative Contract) occurs with respect to such Group 1 Derivative Contract, the Trustee, as Group 1 Supplemental Interest Trust Trustee shall, promptly following actual notice of such failure, breach or event, notify the Depositor and send any notices and make any demands, on behalf of the Group 1 Supplemental Interest Trust, required to enforce the rights of the Group 1 Supplemental Interest Trust under such Group 1 Derivative Contract.

152

In the event that a derivative counterparty’s obligations are guaranteed by a third party under a guaranty relating to a Group 1 Derivative Contract (such guaranty a “Group 1 Guaranty” and such third party a “Group 1 Guarantor”), then to the extent that derivative counterparty fails to make any payment by the close of business on the day it is required to make payment under the terms of such Group 1 Derivative Contract, the Trustee, as Group 1 Supplemental Interest Trust Trustee shall, promptly following actual notice of derivative counterparty’s failure to pay, demand that such Group 1 Guarantor make any and all payments then required to be made by such Group 1 Guarantor pursuant to such Group 1 Guaranty; provided that Trustee, as Group 1 Supplemental Interest Trust Trustee shall in no event be liable for any failure or delay in the performance by such Group 1 Guarantor of its obligations hereunder or pursuant to such Group 1 Derivative Contract and the Group 1 Guaranty, nor for any special, indirect or consequential loss or damage of any kind whatsoever (including but not limited to lost profits) in connection therewith.

Section 4.11. Group 2 Supplemental Interest Trust.

(i) As of the Closing Date, the Trustee, as Group 2 Supplemental Interest Trust Trustee, is directed to enter into the Group 2 Interest Rate Swap Agreement and the Group 2 Cap Contract and shall establish and maintain in the name of the Group 2 Supplemental Interest Trust Trustee, the Group 2 Supplemental Interest Trust for the benefit of the Group 2 Swap Provider and the Holders of the Class 2-A Certificates and Class 2-C Certificates. The Group 2 Supplemental Interest Trust shall hold the Group 2 Interest Rate Swap Agreement, the Class 2-IO Interests, the Group 2 Cap Contract and the Group 2 Derivative Account. The Trustee shall establish an Eligible Account (the “Group 2 Derivative Account”) into which the Depositor shall deposit $1,000 on the Closing Date. Funds on deposit in the Group 2 Derivative Account shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee or held pursuant to this Agreement.

(ii) On each Distribution Date, the Trustee shall deposit into the Group 2 Derivative Account amounts distributable to the Group 2 Supplemental Interest Trust pursuant to Sections 4.01(a) (sixth paragraph) and 4.01(m)(viii) of this Agreement. In addition, the Trustee shall deposit into the Group 2 Derivative Account for payment to the Group 2 Swap Provider the Group 2 Swap Optional Termination Payment (which shall include any related Net Swap Payment payable to the Group 2 Swap Provider) payable under Section 9.01. On each Distribution Date, the Trustee shall distribute any such amounts to the Group 2 Swap Provider pursuant to the Group 2 Interest Rate Swap Agreement, first to pay any related Net Swap Payment owed to the Group 2 Swap Provider for such Distribution Date or remaining unpaid from prior Distribution Dates, and second to pay any related Swap Termination Payment owed to the Group 2 Swap Provider for such Distribution Date or remaining unpaid from prior Distribution Dates.

153

(iii) On each Distribution Date, the Trustee, as Group 2 Supplemental Interest Trust Trustee, shall deposit into the Group 2 Derivative Account amounts received by the Group 2 Supplemental Interest Trust under the Group 2 Interest Rate Swap Agreement from the Group 2 Swap Provider and under the Group 2 Cap Contract from the Group 2 Cap Counterparty. On each Distribution Date, the Trustee shall, and the Trustee has been directed by the Holders of the Class 2-C Certificates to, distribute from the Group 2 Derivative Account an amount equal to the amount of any related Net Swap Payment received from the Group 2 Swap Provider under the Group 2 Interest Rate Swap Agreement and payment received from the Group 2 Cap Counterparty under the Group 2 Cap Contract, in the following order of priority:

(a) first, an amount equal to the aggregate amount required under Section 4.01(o) to be distributed on such Distribution Date, to the Class 2-A Certificateholders in accordance with Section 4.01(o) of this Agreement, and

(b) second, any remainder, to the Holder of the Class 2-C Certificates.

(iv) The Group 2 Supplemental Interest Trust constitutes an “outside reserve fund” within the meaning of Treasury Regulation Section 1.860G-2(h) and shall not be an asset of any REMIC. The Holders of the Class 2-C Certificates shall be the beneficial owner of the Group 2 Supplemental Interest Trust, subject to the power of the Trustee to transfer amounts under this Agreement. The Trustee shall keep records that accurately reflect the funds on deposit in the Group 2 Derivative Account. The Trustee shall, at the written direction of the Holders of the Class 2-C Certificates, invest amounts on deposit in the Group 2 Supplemental Interest Trust in Permitted Investments that mature no later than the Business Day prior to the next succeeding Distribution Date. In the absence of such written direction, all funds in the Group 2 Supplemental Interest Trust shall remain uninvested. On each Distribution Date, the Trustee shall distribute, not as a distribution in respect of any interest in any REMIC, any income or gain earned on the invested assets in the Group 2 Supplemental Interest Trust to the Holders of the Class 2-C Certificates, pro rata. All amounts earned on amounts on deposit in the Group 2 Supplemental Interest Trust shall be taxable to the Holders of the Class 2-C Certificates. Any losses on such investments shall be deposited in the Group 2 Supplemental Interest Trust by the Holders of the Class 2-C Certificates, pro rata, out of their own funds immediately as realized.

(v) For federal income tax purposes, amounts paid to the Group 2 Supplemental Interest Trust on each Distribution Date pursuant to Section 4.01(a) (first and second sentences of the sixth paragraph) for payment to the Group 2 Swap Provider with respect to the Group 2 Interest Rate Swap Agreement shall first be deemed to be paid to the Group 2 Supplemental Interest Trust in respect of the Class 2-IO Interest to the extent of the amount distributable on such Class 2-IO Interest on such Distribution Date, and shall then be deemed to be paid to the Group 2 Supplemental Interest Trust in respect of a Group 2 Class IO Distribution Amount as described below.

(vi) The Trustee shall treat the Holders of the Class 2-A Certificates as having entered into a notional principal contract with respect to the Holders of the Class 2-C Certificates. Pursuant to each such notional principal contract, all Holders of the Class 2-A Certificates shall be treated as having agreed to pay, on each Distribution Date, to the Holder of the Class 2-C Certificates an aggregate amount equal to the excess, if any, of (i) the amount payable on such Distribution Date on the REMIC 4 Regular Interest corresponding to such Class of Certificates over (ii) the amount payable on such Class of Certificates on such Distribution Date (such excess, a “Group 2 Class IO Distribution Amount”). A Group 2 Class IO Distribution Amount payable from interest collections shall be allocated pro rata among such Certificates based on the excess of, with respect to each such Certificate, (i) the amount of interest otherwise payable to the REMIC 4 Regular Interest relating to such Certificate over (ii) the amount of interest payable to such Certificate at a per annum rate equal to the related Net WAC Rate, and a Group 2 Class IO Distribution Amount payable from principal collections shall be allocated to the most subordinate Class of the Class 2-A Certificates and Class 2-C Certificates with an outstanding principal balance to the extent of such balance. In addition, pursuant to such notional principal contract, the Holder of the Class 2-C Certificates shall be treated as having agreed to pay to the Holders of the Class 2-A Certificates (a) any Net WAC Shortfall Amounts with respect to Loan Group 2, in accordance with the terms of this Agreement, and (b) any other amounts representing the excess, if any, of the amount of interest payable to such Certificates over the amount of interest payable to the REMIC 4 Regular Interest relating to such Certificate, in each case, on the related Distribution Date, from the amounts deemed distributed to the Group 2 Supplemental Interest Trust in respect of the Class 2-IO Interest in accordance with paragraph (v) above. Any payments to the Class 2-A Certificates and Class 2-C Certificates from amounts deemed received in respect of this notional principal contract shall not be payments with respect to a Regular Interest in a REMIC within the meaning of Section 860G(a)(1) of the Code. However, any payment from the Class 2-A Certificates of a Group 2 Class IO Distribution Amount shall be treated for tax purposes as having been received by the Holders of such Certificates in respect of their interests in REMIC 4 and as having been paid by such Holders to the Holders of the Class 2-C Certificates pursuant to the notional principal contract. Thus, each Class 2-A Certificate and Class 2-C Certificate shall be treated as representing not only ownership of a Regular Interest in REMIC 4, but also ownership of an interest in, and obligations with respect to, a notional principal contract.

154

(vii) (a) Upon designation of an early termination date with respect to a Group 2 Derivative Contract other than in connection with a Group 2 Optional Termination, the Trustee, as Group 2 Supplemental Interest Trust Trustee, at the written direction of the Depositor or the Certificate Insurer will use reasonable efforts to appoint a successor derivative counterparty to enter into a new derivative contract on terms substantially similar to such Group 2 Derivative Contract with a derivative counterparty meeting all applicable eligibility requirements. The Trustee, as Group 2 Supplemental Interest Trust Trustee will apply any Group 2 Derivative Termination Payment received from the original derivative counterparty in connection with the early termination of such Group 2 Derivative Contract to the upfront payment required to appoint the successor derivative counterparty.

If a successor derivative counterparty is not appointed within 30 days of such early termination, then the Trustee, as Group 2 Supplemental Interest Trust Trustee will deposit any Group 2 Derivative Termination Payment received from the original derivative counterparty in connection with the early termination of such Group 2 Derivative Contract into a separate, non-interest bearing reserve account and will, on each subsequent Distribution Date, withdraw from the amount then remaining on deposit in such reserve account an amount equal to the payment, if any, that would have been paid to the Group 2 Supplemental Interest Trust Trustee by the original derivative counterparty calculated in accordance with the terms of the related Group 2 Derivative Contract, and distribute such amount in accordance with the terms of this Agreement.

155

(b) In the event that the derivative counterparty under a Group 2 Derivative Contract fails to perform any of its obligations under such Group 2 Derivative Contract (including, without limitation, its obligation to make any payment or transfer collateral), or breaches any of its representations and warranties thereunder, or in the event that any Event of Default, Termination Event, or Additional Termination Event (each as defined in the related Group 2 Derivative Contract) occurs with respect to such Group 2 Derivative Contract, the Trustee, as Group 2 Supplemental Interest Trust Trustee shall, promptly following actual notice of such failure, breach or event, notify the Depositor and send any notices and make any demands, on behalf of the Group 2 Supplemental Interest Trust, required to enforce the rights of the Group 2 Supplemental Interest Trust under such Group 2 Derivative Contract.

In the event that a derivative counterparty’s obligations are guaranteed by a third party under a guaranty relating to a Group 2 Derivative Contract (such guaranty a “Group 2 Guaranty” and such third party a “Group 2 Guarantor”), then to the extent that derivative counterparty fails to make any payment by the close of business on the day it is required to make payment under the terms of such Group 2 Derivative Contract, the Trustee, as Group 2 Supplemental Interest Trust Trustee shall, promptly following actual notice of derivative counterparty’s failure to pay, demand that such Group 2 Guarantor make any and all payments then required to be made by such Group 2 Guarantor pursuant to such Group 2 Guaranty; provided that Trustee, as Group 2 Supplemental Interest Trust Trustee shall in no event be liable for any failure or delay in the performance by such Group 2 Guarantor of its obligations hereunder or pursuant to such Group 2 Derivative Contract and the Group 2 Guaranty, nor for any special, indirect or consequential loss or damage of any kind whatsoever (including but not limited to lost profits) in connection therewith.

Section 4.12. Tax Treatment of Class IO Distribution Amounts in the Event of Resecuritization of Class 1-A, Class 2-A, Class 1-M or Class 1-B Certificates.

In the event that any Class 1-A, Class 2-A, Class 1-M or Class 1-B Certificate is resecuritized in a REMIC (the “Resecuritization REMIC”), for federal income tax purposes, (i) payments on the REMIC 4 Regular Interest corresponding to such Class 1-A, Class 2-A, Class 1-M or Class 1-B Certificate shall, for the avoidance of doubt, be deemed to include the related Class IO Distribution Amount, and (ii) to the extent provided in the operative documents for the Resecuritization REMIC, (a) payments on the “regular interests” issued by the Resecuritization REMIC shall be deemed to include in the aggregate such Class IO Distribution Amount, and (b) such Class IO Distribution Amount shall be deemed paid to the Holder of the related Class C Certificates pursuant to a notional principal contract entered into by the holders of one or more “regular interests” issued by the Resecuritization REMIC (“Resecuritization Holders”) and the Holder of the related Class C Certificates. In such event, Class IO Distribution Amounts deemed paid by Resecuritization Holders under clause (b) of the immediately preceding sentence shall be paid on behalf of such holders pursuant to Section 4.10(ii) and Section 4.11(ii) hereof, as applicable.

156

Section 4.13. The Certificate Guaranty Insurance Policy

(i) If the Trustee determines that an Insured Amount to be covered by the Certificate Guaranty Insurance Policy will exist for the related Distribution Date, the Trustee shall complete the notice in the form of Exhibit A to the Certificate Guaranty Insurance Policy (the “Notice”) and submit such Notice in accordance with the Certificate Guaranty Insurance Policy to the Certificate Insurer no later than 12:00 P.M., New York City time, on the second Business Day immediately preceding such Distribution Date, as a claim for the amount of such Insured Amount.

(ii) The Trustee shall establish and maintain the Insurance Account on behalf of the Holders of the Class 1-AM Certificates and Class 2-A Certificates over which the Trustee shall have the exclusive control and sole right of withdrawal. Upon receipt of an Insured Amount from the Certificate Insurer on behalf of the Holders of the Class 1-AM Certificates or Class 2-A Certificates, as the case may be, the Trustee shall deposit such Insured Amount in the Insurance Account and distribute such amount only for purposes of payment to the Class 1-AM Certificates or Class 2-A Certificates, as the case may be, of the Insured Amount for which a claim was made. Any such Insured Amount may not be applied to satisfy any costs, expenses or liabilities of the Seller, the Depositor, the Trustee or the Trust Fund or to pay any other Class of Certificates. Amounts paid under the Certificate Guaranty Insurance Policy, to the extent needed to pay the Insured Amount, shall be disbursed by the Trustee to the Holders of the Class 1-AM Certificates or Class 2-A Certificates, as the case may be. It shall not be necessary for such payments to be made by checks or wire transfers separate from the checks or wire transfers used to pay other distributions to the Holders of the Class 1-AM Certificates or Class 2-A Certificates, as the case may be, with other funds available to make such payment. However, the amount of any payment of principal or of interest on the Class 1-AM Certificates or Class 2-A Certificates, as the case may be, to be paid from funds transferred from the Insurance Account shall be noted as provided in paragraph (d) below and in the statement to be furnished to Holders of the Class 1-AM Certificates or Class 2-A Certificates, as the case may be, pursuant to Section 4.02. Funds held in the Insurance Account shall not be invested. Any funds remaining in the Insurance Account on the first Business Day following the later of (i) the related Distribution Date or (ii) the date received by the Trustee, shall be returned to the Certificate Insurer pursuant to the written instructions of the Certificate Insurer by the end of such Business Day.

(iii) The Trustee shall keep a complete and accurate record of the amount of interest and principal paid in respect of the Class 1-AM Certificates or Class 2-A Certificates, as the case may be, from moneys received under the Certificate Guaranty Insurance Policy. The Certificate Insurer shall have the right to inspect such records at reasonable times during normal business hours upon one Business Day’s prior notice to the Trustee.

(iv) In the event that the Trustee has received a certified copy of an order of the appropriate court that any Insured Amount has been voided in whole or in part as a preference payment under applicable bankruptcy law, the Trustee shall so notify the Certificate Insurer, shall comply with the provisions of the Certificate Guaranty Insurance Policy to obtain payment by the Certificate Insurer of such Preference Amount in the amount of such voided Insured Amount, and shall, at the time it provides notice to the Certificate Insurer, notify, by mail the Holders of the Class 1-AM Certificates or Class 2-A Certificates, as the case may be, that, in the event any Holder’s Insured Amount is so recovered, such Holder of a Class 1-AM Certificate or Class 2-A Certificate, as the case may be, will be entitled to payment pursuant to the Certificate Guaranty Insurance Policy, a copy of which shall be made available through the Trustee or the Certificate Insurer, and the Trustee shall furnish to the Certificate Insurer, its records evidencing the payments which have been made by the Trustee and subsequently recovered from the Holders of the Class 1-AM Certificates or Class 2-A Certificates, as the case may be, and dates on which such payments were made.

157

(v) The Trustee shall promptly notify the Certificate Insurer of any proceeding or the institution of any action, of which a Responsible Officer of the Trustee has actual knowledge, seeking the avoidance as a preferential transfer under applicable bankruptcy, insolvency, receivership or similar law (a “Preference Claim”) of any distribution made with respect to the Class 1-AM Certificates or Class 2-A Certificates, as the case may be. Each Holder of a Class 1-AM Certificate or Class 2-A Certificate, by its purchase of such Class 1-AM Certificate or Class 2-A Certificate, the Depositor and the Trustee agree that the Certificate Insurer (so long as no Certificate Insurer Default exists) may at any time during the continuation of any proceeding relating to a Preference Claim direct all matters relating to such Preference Claim, including, without limitation, (i) the direction of any appeal of any order relating to such Preference Claim and (ii) the posting of any surety or performance bond pending any such appeal. In addition and without limitation of the foregoing, the Certificate Insurer shall be subrogated to, and each Holder of a Class 1-AM Certificate and a Class 2-A Certificate and the Trustee hereby delegates and assigns to the Certificate Insurer, to the fullest extent permitted by law, the rights of the Trustee and each Holder of a Class 1-AM Certificate and a Class 2-A Certificate in the conduct of any such Preference Claim, including, without limitation, all rights of any party to any adversary proceeding or action with respect to any court order issued in connection with any such Preference Claim.

(vi) The Trustee shall, upon retirement of the Class 1-AM Certificates and Class 2-A Certificates, furnish to the Certificate Insurer a notice of such retirement, and, upon retirement of the Class 1-AM Certificates and Class 2-A Certificates and the expiration of the term of the Certificate Guaranty Insurance Policy, surrender the Certificate Guaranty Insurance Policy to the Certificate Insurer for cancellation.

(vii) The Trustee will hold the Certificate Guaranty Insurance Policy in trust as agent for the Holders of the Class 1-AM Certificates and Class 2-A Certificates for the purpose of making claims thereon and distributing the proceeds thereof. Neither the Certificate Guaranty Insurance Policy nor the amounts paid on the Certificate Guaranty Insurance Policy will constitute part of the Trust Fund created by this Agreement. Each Holder of the Class 1-AM Certificates and Class 2-A Certificates, by accepting its Class 1-AM Certificates and Class 2-A Certificates, respectively, appoints the Trustee as attorney in fact for the purpose of making claims on the Certificate Guaranty Insurance Policy.

(viii) Anything herein to the contrary notwithstanding, any payment with respect to principal of or interest on the Class 1-AM Certificates or Class 2-A Certificates, as the case may be, which is made with moneys received pursuant to the terms of the Certificate Guaranty Insurance Policy shall not be considered payment of the Class 1-AM Certificates or Class 2-A Certificates, as the case may be, from the Trust Fund. The Depositor and the Trustee acknowledge, and each Holder by its acceptance of a Class 1-AM Certificate or a Class 2-A Certificate agrees, that without the need for any further action on the part of the Certificate Insurer, the Depositor or the Trustee (a) to the extent the Certificate Insurer makes payments, directly or indirectly, on account of principal or interest on the Class 1-AM Certificates or Class 2-A Certificates to the Holders of such Class 1-AM Certificates or Class 2-A Certificates, the Certificate Insurer will be fully subrogated to, and the Trustee and each Holder of a Class 1-AM Certificate or a Class 2-A Certificate, as the case may be, hereby delegate and assign to the Certificate Insurer, to the fullest extent permitted by law, the rights of such Holders to receive such principal and interest from the Trust Fund, including, without limitation, any amounts due to the Holders of the Class 1-AM Certificates or Class 2-A Certificates, as the case may be, in respect of securities law violations arising from the offer and sale of the Class 1-AM Certificates or Class 2-A Certificates, as the case may be, and (b) the Certificate Insurer shall be paid such amounts from the sources and in the manner provided herein for the payment of such amounts and as provided in this Agreement. The Trustee shall cooperate in all respects with any reasonable request by the Certificate Insurer for action to preserve or enforce the Certificate Insurer’s rights or interests under this Agreement without limiting the rights or affecting the interests of the Holders as otherwise set forth herein.

158

(ix) By accepting its Class 1-AM Certificate or Class 2-A Certificate, each Holder of a Class 1-AM Certificate or Class 2-A Certificate agrees that, unless a Certificate Insurer Default exists, the Certificate Insurer shall be deemed to be the Holder of the Class 1-AM Certificate or Class 2-A Certificate for all purposes (other than with respect to the receipt of payment on the Class 1-AM Certificates and Class 2-A Certificates) and shall have the right to exercise all rights (including, without limitation, voting rights) of the Holders of the Class 1-AM Certificates and Class 2-A Certificates under this Agreement without any further consent of the Holders of the Class 1-AM Certificates and Class 2-A Certificates. All notices, statement reports, certificates or opinions required by this Agreement to be sent to any Holders of Class 1-AM Certificates and Class 2-A Certificates shall also be sent to the Certificate Insurer.

Section 4.14. Collateral Accounts

(i) The Trustee, as Group 1 Supplemental Interest Trust Trustee is hereby directed to perform the obligations of the Custodian as defined under the Group 1 Credit Support Annexes (“Group 1 Custodian”).

The Group 1 Custodian shall establish Group 1 Collateral Account. The Group 1 Collateral Account shall be held in the name of the Group 1 Custodian in trust for the benefit of the Holders of the Class 1-A, Class 1-M and Class 1-B Certificates. The Group 1 Collateral Account must be an Eligible Account segregated from the Certificate Account and any other moneys of the Trustee held pursuant to this Agreement and shall be entitled “Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-2, Group 1 Collateral Account, Group 1 Supplemental Interest Trust Trustee, as Group 1 Custodian for the benefit of holders of the Class 1-A, Class 1-M and Class 1-B Certificates.”

The Group 1 Custodian shall credit to the Group 1 Collateral Account all collateral (whether in the form of cash or securities) posted by Bank of America, N.A. to secure the obligations of Bank of America, N.A. in accordance with the terms of the related Group 1 Credit Support Annex. The Group 1 Custodian shall maintain and apply all collateral and earnings thereon on deposit in the Group 1 Collateral Account in accordance with the related Group 1 Credit Support Annex.

159

Cash collateral posted by Bank of America, N.A. in accordance with the related Group 1 Credit Support Annex shall be invested at the written direction of Bank of America, N.A. in Permitted Investments in accordance with the requirements of the related Group 1 Credit Support Annex. All amounts earned on amounts on deposit in the Group 1 Collateral Account (whether cash collateral or securities) shall be for the account of and taxable to Bank of America, N.A. The Trustee shall not be liable for the selection of investments or investment losses incurred thereon.

Upon the occurrence of an Event of Default or Specified Condition (each as defined in the Group 1 Schedule) with respect to Bank of America, N.A. or upon occurrence or designation of an Early Termination Date (as defined in the Group 1 Schedule) as a result of any such Event of Default or Specified Condition with respect to Bank of America, N.A., and, in either such case, unless Bank of America, N.A. has paid in full all of its Obligations (as defined in the related Group 1 Credit Support Annex) that are then due, then any collateral posted by Bank of America, N.A. in accordance with the related Group 1 Credit Support Annex, shall be applied by the Group 1 Custodian to the payment of any Obligations due to Party B (as defined in the related Group 1 Credit Support Annex) in accordance with the related Group 1 Credit Support Annex. Any excess collateral posted by Bank of America, N.A. in accordance with the related Group 1 Credit Support Annex and remaining after payment of all amounts owing to Party B shall be withdrawn from the Group 1 Collateral Account and paid to Bank of America, N.A. in accordance with the related Group 1 Credit Support Annex.

(ii) The Trustee, as Group 2 Supplemental Interest Trust Trustee is hereby directed to perform the obligations of the Custodian as defined under Group 2 Credit Support Annexes (“Group 2 Custodian”).

The Group 2 Custodian shall establish the Group 2 Collateral Account. The Group 2 Collateral Account shall be held in the name of the Group 2 Custodian in trust for the benefit of the Holders of the Class 2-A Certificates. The Group 2 Collateral Account must be an Eligible Account segregated from the Certificate Account and any other moneys of the Trustee held pursuant to this Agreement and shall be entitled “Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2007-2, Group 2 Collateral Account, Group 2 Supplemental Interest Trust Trustee, as Group 2 Custodian for the benefit of holders of the Class 2-A Certificates.”

The Group 2 Custodian shall credit to the Group 2 Collateral Account all collateral (whether in the form of cash or securities) posted by Bank of America, N.A. to secure the obligations of Bank of America, N.A. in accordance with the terms of the related Group 2 Credit Support Annex. The Group 2 Custodian shall maintain and apply all collateral and earnings thereon on deposit in the Group 2 Collateral Account in accordance with the related Group 2 Credit Support Annex.

Cash collateral posted by Bank of America, N.A. in accordance with the related Group 2 Credit Support Annex shall be invested at the written direction of Bank of America, N.A. in Permitted Investments in accordance with the requirements of the related Group 2 Credit Support Annex. All amounts earned on amounts on deposit in the Group 2 Collateral Account (whether cash collateral or securities) shall be for the account of and taxable to Bank of America, N.A. The Trustee shall not be liable for the selection of investments or investment losses incurred thereon.

160

Upon the occurrence of an Event of Default or Specified Condition (each as defined in the Group 2 Schedule) with respect to Bank of America, N.A. or upon occurrence or designation of an Early Termination Date (as defined in the Group 2 Schedule) as a result of any such Event of Default or Specified Condition with respect to Bank of America, N.A., and, in either such case, unless Bank of America, N.A. has paid in full all of its Obligations (as defined in the related Group 2 Credit Support Annex) that are then due, then any collateral posted by Bank of America, N.A. in accordance with the related Group 2 Credit Support Annex, shall be applied by the Group 2 Custodian to the payment of any Obligations due to Party B (as defined in the related Group 2 Credit Support Annex) in accordance with the related Group 2 Credit Support Annex. Any excess collateral posted by Bank of America, N.A. in accordance with the related Group 2 Credit Support Annex and remaining after payment of all amounts owing to Party B shall be withdrawn from the Group 2 Collateral Account and paid to Bank of America, N.A. in accordance with the related Group 2 Credit Support Annex.

Section 4.15. Class M Interest Reserve Fund.

(a) The Trustee shall establish and maintain in its name, in trust for the benefit of Class 1-M-4, Class 1-M-5, Class 1-M-6 and Class 1-M-7 Certificates, the Class M Interest Reserve Fund, which shall be a segregated non-interest bearing trust account. On the Closing Date, the Depositor shall deposit into the Class M Interest Reserve Fund an amount equal to the sum of the Class 1-M-4 Interest Reserve Fund Amount, the Class 1-M-5 Interest Reserve Fund Amount, the Class 1-M-6 Interest Reserve Fund Amount and the Class 1-M-7 Interest Reserve Fund Amount. The Depositor will have no obligation to contribute additional amounts to the Class M Interest Reserve Fund after the Closing Date. The Class M Interest Reserve Fund will not receive any amounts from any Net Monthly Excess Cashflow.

On each Distribution Date as to which there is a Net WAC Shortfall Amount payable to any of the Class 1-M-4, Class 1-M-5, Class 1-M-6 and Class 1-M-7 Certificates, the Trustee shall withdraw an amount equal to such Net WAC Shortfall Amount (provided, however, that such amount shall not exceed the related Interest Reserve Fund Amount) and distribute such amounts to the Holders of the Class 1-M-4, Class 1-M-5, Class 1-M-6 and Class 1-M-7 Certificates in respect of any Net WAC Shortfall Amount for such class(es) in accordance with the fourth paragraph of Section 4.01(a). Any amount paid to the Holders of any Class 1-M-4, Class 1-M-5, Class 1-M-6 and Class 1-M-7 Certificates pursuant to the preceding sentence in respect of Net WAC Shortfall Amounts shall not be a payment with respect to a Regular Interest in a REMIC within the meaning of Section 860G(a)(1) of the Code. The Trustee shall not be liable for the selection of investments or investment losses incurred thereon.

161

(b) The Class M Interest Reserve Fund is an “outside reserve fund” within the meaning of Treasury Regulation Section 1.860G-2(h) and shall be an asset of the Trust Fund but not an asset of any REMIC. The Depositor shall be the beneficial owner of the Class M Interest Reserve Fund, subject to the power of the Trustee to transfer amounts under Section 4.01. Amounts in the Class M Interest Reserve Fund shall, at the written direction of the Depositor, be invested in Permitted Investments that mature no later than the Business Day prior to the next succeeding Distribution Date. In the absence of such written direction, all funds in the Class M Interest Reserve Fund shall remain uninvested. All net income and gain from such investments shall be distributed to the Depositor, not as a distribution in respect of any interest in any REMIC, on each such Distribution Date. All amounts earned on amounts on deposit in the Class M Interest Reserve Fund shall be taxable to the Depositor. Any losses on such investments shall be refunded to the Class M Interest Reserve Fund by the Depositor out of its own funds immediately as realized. If any amounts remain in the Class M Interest Reserve Fund at the termination of the Trust Fund, they will be remitted to the Depositor.

162

ARTICLE V

THE CERTIFICATES

Section 5.01. The Certificates.

(a) The Certificates will be substantially in the respective forms annexed hereto as Exhibits A and B-1 through B-4. The Certificates will be issuable in registered form only. The Certificates (other than the Class P, Class C and Class R Certificates) will be issued in minimum denominations of $25,000 Initial Certificate Principal Balance and integral multiples of $1 in excess thereof. The Class C Certificates will be issued in minimum denominations of $1.00 Initial Notional Amount and integral multiples of $1.00 in excess thereof. The Class P Certificates and the Class R Certificates will each be issuable in minimum denominations of any Percentage Interest representing 10.00% and multiples of 0.01% in excess thereof.

Upon original issue, the Certificates shall, upon the written request of the Depositor executed by an officer of the Depositor, be executed and delivered by the Trustee, authenticated by the Trustee and delivered to or upon the order of the Depositor upon receipt by the Trustee of the documents specified in Section 2.01. The Certificates shall be executed by manual or facsimile signature on behalf of the Trustee in its capacity as trustee hereunder by a Responsible Officer. Certificates bearing the manual or facsimile signatures of individuals who were at the time they signed the proper officers of the Trustee shall bind the Trustee, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Certificates or did not hold such offices at the date of such Certificates. No Certificate shall be entitled to any benefit under this Agreement, or be valid for any purpose, unless there appears on such Certificate a certificate of authentication substantially in the form provided for herein executed by the Trustee by manual signature, and such certificate upon any Certificate shall be conclusive evidence, and the only evidence, that such Certificate has been duly authenticated and delivered hereunder. All Certificates issued on the Closing Date shall be dated the Closing Date and any Certificates delivered thereafter shall be dated the date of their authentication.

(b) The Class A Certificates and the Subordinate Certificates shall initially be issued as one or more Certificates registered in the name of the Depository or its nominee and, except as provided below, registration of such Certificates may not be transferred by the Trustee except to another Depository that agrees to hold such Certificates for the respective Certificate Owners with Ownership Interests therein. The Certificate Owners shall hold their respective Ownership Interests in and to each of such Book-Entry Certificates through the book-entry facilities of the Depository and, except as provided below, shall not be entitled to Definitive Certificates in respect of such Ownership Interests. All transfers by Certificate Owners of their respective Ownership Interests in the Book-Entry Certificates shall be made in accordance with the procedures established by the Depository Participant or brokerage firm representing such Certificate Owner. Each Depository Participant shall transfer the Ownership Interests only in the Book-Entry Certificates of Certificate Owners it represents or of brokerage firms for which it acts as agent in accordance with the Depository's normal procedures. The Trustee shall not be required to monitor, determine or inquire as to compliance with the transfer restrictions with respect to the Book-Entry Certificates, and the Trustee shall have no liability for transfers of Ownership Interests in the Book Entry Certificates made through the book-entry facilities of the Depositary or between or among Depositary Participants or Certificate Owners, made in violation of the applicable restrictions.

163

The Trustee, the Master Servicer and the Depositor may for all purposes (including the making of payments due on the respective Classes of Book-Entry Certificates) deal with the Depository as the authorized representative of the Certificate Owners with respect to the respective Classes of Book-Entry Certificates for the purposes of exercising the rights of Certificateholders hereunder. The rights of Certificate Owners with respect to the respective Classes of Book-Entry Certificates shall be limited to those established by law and agreements between such Certificate Owners and the Depository Participants and brokerage firms representing such Certificate Owners. Multiple requests and directions from, and votes of, the Depository as Holder of any Class of Book-Entry Certificates with respect to any particular matter shall not be deemed inconsistent if they are made with respect to different Certificate Owners. The Trustee may establish a reasonable record date in connection with solicitations of consents from or voting by Certificateholders and shall give notice to the Depository of such record date.

If (i)(A) the Depositor advises the Trustee in writing that the Depository is no longer willing or able to properly discharge its responsibilities as Depository and (B) the Depositor is unable to locate a qualified successor or (ii) the Depositor at its option advises the Trustee in writing that it elects to terminate the book-entry system through the Depository, the Trustee shall notify all Certificate Owners, through the Depository, of the occurrence of any such event and of the availability of Definitive Certificates to Certificate Owners requesting the same. Upon surrender to the Trustee of the Book-Entry Certificates by the Depository, accompanied by registration instructions from the Depository for registration of transfer, the Trustee shall, at the expense of the Depositor, issue the Definitive Certificates. Neither the Depositor, the Master Servicer nor the Trustee shall be liable for any actions taken by the Depository or its nominee, including, without limitation, any delay in delivery of such instructions and may conclusively rely on, and shall be protected in relying on, such instructions. Upon the issuance of Definitive Certificates the Trustee and the Master Servicer shall recognize the Holders of the Definitive Certificates as Certificateholders hereunder.

(c) Each Certificate is intended to be a “security” governed by Article 8 of the Uniform Commercial Code as in effect in the State of New York and any other applicable jurisdiction, to the extent that any of such laws may be applicable.

Section 5.02. Registration of Transfer and Exchange of Certificates.

(a) The Trustee shall maintain a Certificate Register in which, subject to such reasonable regulations as it may prescribe, the Trustee shall provide for the registration of Certificates and of transfers and exchanges of Certificates as herein provided.

(b) Except as provided in Section 5.02(c), no transfer, sale, pledge or other disposition of a Class P, Class C or Class R Certificate shall be made unless such transfer, sale, pledge or other disposition is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Act”), and any applicable state securities laws or is made in accordance with said Act and laws. In the event that a transfer of a Class P, Class C or Class R Certificate is to be made under this Section 5.02(b), (i) the Trustee shall require an Opinion of Counsel acceptable to and in form and substance satisfactory to the Trustee that such transfer shall be made pursuant to an exemption, describing the applicable exemption and the basis therefor, from said Act and laws or is being made pursuant to said Act and laws, which Opinion of Counsel shall not be an expense of the Trustee, the Depositor or the Master Servicer, provided that such Opinion of Counsel will not be required in connection with the initial transfer of any such Certificate by the Depositor or any affiliate thereof, to a non-affiliate of the Depositor and (ii) the Trustee shall require the transferee to execute a representation letter, substantially in the form of Exhibit G-1 hereto, and the Trustee shall require the transferor to execute a representation letter, substantially in the form of Exhibit G-2 hereto, each acceptable to and in form and substance satisfactory to the Trustee certifying to the Depositor and the Trustee the facts surrounding such transfer, which representation letters shall not be an expense of the Trustee, the Depositor or the Master Servicer; provided, however, that such representation letters will not be required in connection with any transfer of any such Certificate by the Depositor to an affiliate of the Depositor and the Trustee shall be entitled to conclusively rely upon a representation (which, upon the request of the Trustee, shall be a written representation) from the Depositor of the status of such transferee as an affiliate of the Depositor. Any such Certificateholder desiring to effect such transfer shall, and does hereby agree to, indemnify the Trustee, the Depositor and the Master Servicer against any liability that may result if the transfer is not so exempt or is not made in accordance with such applicable federal and state laws.

164

No transfer of any Class C Certificate shall be made unless the proposed transferee of such Class C Certificate (1) provides to the Trustee the appropriate tax certification forms that would eliminate any withholding or deduction for taxes from amounts payable by the related Swap Provider, pursuant to the related Interest Rate Swap Agreement, and by the related Cap Counterparty, pursuant to the related Cap Contracts, to the related Supplemental Interest Trust (i.e., IRS Form W-9 or IRS Form X-0XXX, X-0XXX, X-0XXX or W-8ECI, as applicable (or any successor form thereto), together with any applicable attachments) and (2) agrees to update such forms (i) upon expiration of any such forms, (ii) as required under then applicable U.S. Treasury regulations and (iii) promptly upon learning that such forms have become obsolete or incorrect, each as a condition to such transfer. In addition, no transfer of any Class C Certificate shall be made if such transfer would cause the related Supplemental Interest Trust to be beneficially owned by two or more persons for federal income tax purposes, or continue to be so treated, unless (i) each proposed transferee of such Class C Certificate complies with the foregoing conditions, and (ii) the proposed majority holder of the Class C Certificates (or each holder, if there is or would be no majority holder) (A) provides, or causes to be provided, on behalf of the related Supplemental Interest Trust, if applicable, to the Trustee, the appropriate tax certification forms that would be required from the related Supplemental Interest Trust to eliminate any withholding or deduction for taxes from amounts payable by the related Swap Provider, pursuant to the related Interest Rate Swap Agreement, and by the related Cap Counterparty, pursuant to the related Cap Contracts, to the related Supplemental Interest Trust (i.e., IRS Form W-9 or IRS Form X-0XXX, X-0XXX, X-0XXX or W-8ECI, as applicable (or any successor form thereto), together with any applicable attachments) and (B) agrees to update such forms (x) upon expiration of any such forms, (y) as required under then applicable U.S. Treasury regulations and (z) promptly upon learning that such forms have become obsolete or incorrect. If, under applicable U.S. Treasury regulations, such tax certification forms may only be signed by a trustee acting on behalf of the related Supplemental Interest Trust, then the Trustee, as the related Supplemental Interest Trust Trustee, shall sign such certification forms if so directed by a Holder of the related Class C Certificates. Upon receipt of any such tax certification forms from a transferee of any Class C Certificate, the Trustee, as the related Supplemental Interest Trust Trustee, shall forward a copy of such tax certification forms provided to it to the related Swap Provider and related Cap Counterparty. Each Holder of a Class C Certificate and each transferee thereof shall be deemed to have consented to the Trustee forwarding to the related Swap Provider and related Cap Counterparties any tax certification form it has provided and updated in accordance with these transfer restrictions. Any purported sales or transfers of any Class C Certificate to a transferee which does not comply with the requirements of this paragraph shall be deemed null and void under this Agreement.

165

The Trustee shall not be liable for the content or truthfulness of any such tax certification forms provided to it. The Trustee shall only be required to forward any tax certification forms received by it to the related Swap Provider and related Cap Counterparties at the last known address provided to it, and shall not be liable for the receipt of such tax certification forms by the related Swap Provider or the related Cap Counterparties, nor any failure of the related Swap Provider or related Cap Counterparties to process such forms or to take any action as required under the respective related Interest Rate Swap Agreement or related Cap Contract, or under applicable law. The Trustee shall have no duty to take action to correct any misstatement or omission in any tax certification forms provided to it and forwarded to the related Swap Provider and related Cap Counterparties.

(c) Notwithstanding the requirements of Section 5.02(b), transfers of Class 1-P, Class 2-P, Class 1-C, Class 2-C and Class R Certificates may be made in accordance with this Section 5.02(c) if the prospective transferee of a Certificate provides the Trustee and the Depositor with an investment letter substantially in the form of Exhibit G-3 attached hereto, which investment letter shall not be an expense of the Trustee, the Depositor or the Master Servicer, and which investment letter states that, among other things, such transferee is a “qualified institutional buyer” as defined under Rule 144A. Such transfers shall be deemed to have complied with the requirements of Section 5.02(b) hereof; provided, however, that no Transfer of any of the Class 1-P, Class 2-P, Class 1-C, Class 2-C and Class R Certificates may be made pursuant to this Section 5.02(c) by the Depositor. Any such Certificateholder desiring to effect such transfer shall, and does hereby agree to, indemnify the Trustee, the Depositor and the Master Servicer against any liability that may result if the transfer is not so exempt or is not made in accordance with such applicable federal and state laws.

The Trustee shall require an Opinion of Counsel, on which the Trustee, Depositor and Master Servicer may rely, from a prospective transferee prior to the transfer of any Class 1-P, Class 2-P, Class 1-C, Class 2-C and Class R Certificate to any employee benefit plan or other retirement arrangement, including individual retirement accounts and Xxxxx plans, that is subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) or Section 4975 of the Code (any of the foregoing, a “Plan”), to a trustee or other Person acting on behalf of any Plan, or to any other person who is using “plan assets” of any Plan to effect such acquisition (including any insurance company using funds in its general or separate accounts that may constitute “plan assets”). Such Opinion of Counsel must establish to the satisfaction of the Trustee that such transfer is permissible under applicable law, will not constitute or result in a prohibited transaction under Section 406 of ERISA and Section 4975 of the Code, and will not subject the Trustee, the Master Servicer or the Depositor to any obligation in addition to those undertaken in this Agreement. Neither the Depositor, the Master Servicer nor the Trustee, will be required to obtain such Opinion of Counsel on behalf of any prospective transferee.

166

Prior to the termination of a Supplemental Interest Trust, each beneficial owner of a related Offered Certificate (or a Class 1-B Certificate, if related) or any interest therein, shall be deemed to have represented, by virtue of its acquisition or holding of such Certificate, or interest therein, that either (i) it is not a Plan or (ii) (A) it is an accredited investor within the meaning of Prohibited Transaction Exemption 2007-05 (the “Exemption”) and (B) the acquisition and holding of such Certificate and the separate right to receive payments from the Supplemental Interest Trust are eligible for the exemptive relief available under one of Prohibited Transaction Class Exemption (“PTCE”) 84-14, 91-38, 95-60, 90-1 or 96-23.

Each beneficial owner of a Subordinate Certificate or any interest therein which is acquired subsequent to the termination of the related Supplemental Interest Trust shall be deemed to have represented, by virtue of its acquisition or holding of that Certificate or interest therein, that either (i) it is not a Plan or a trustee or other Person acting on behalf of a Plan or using “plan assets” of a Plan to effect such acquisition (including any insurance company using funds in its general or separate accounts that may constitute “plan assets”), (ii) it has acquired and is holding such Certificate in reliance on the Exemption, it understands that there are certain conditions to the availability of the Exemption, including that the Certificate must be rated, at the time of purchase, not lower than “BBB-” (or its equivalent) by Standard & Poor’s, Fitch Ratings, Inc. or Xxxxx’x, and the Certificate is so rated, and, in the case of a Class 1-B Certificate, it is an accredited investor as defined in Rule 501(a)(1) of Regulation D under the Act or (iii) (1) it is an insurance company, (2) the source of funds used to acquire or hold the Certificate or interest therein is an “insurance company general account,” as such term is defined in PTCE 95-60, and (3) the conditions in Sections I and III of PTCE 95-60 have been satisfied.

(d) [Reserved]

(e) (i) Each Person who has or who acquires any Ownership Interest in a Class R Certificate shall be deemed by the acceptance or acquisition of such Ownership Interest to have agreed to be bound by the following provisions and to have irrevocably authorized the Trustee or its designee under clause (iii)(A) below to deliver payments to a Person other than such Person and to negotiate the terms of any mandatory sale under clause (iii)(B) below and to execute all instruments of transfer and to do all other things necessary in connection with any such sale. The rights of each Person acquiring any Ownership Interest in a Class R Certificate are expressly subject to the following provisions:

(A) Each Person holding or acquiring any Ownership Interest in a Class R Certificate shall be a Permitted Transferee and shall promptly notify the Trustee of any change or impending change in its status as a Permitted Transferee.

(B) In connection with any proposed Transfer of any Ownership Interest in a Class R Certificate, the Trustee shall require delivery to it, and shall not register the Transfer of any Class R Certificate until its receipt, of (I) an affidavit and agreement (a “Transferee Affidavit and Agreement” in the form attached hereto as Exhibit G-5) from the proposed Transferee, in form and substance satisfactory to the Trustee representing and warranting, among other things, that it is a Permitted Transferee, that it is not acquiring its Ownership Interest in the Class R Certificate that is the subject of the proposed Transfer as a nominee, trustee or agent for any Person who is not a Permitted Transferee, that for so long as it retains its Ownership Interest in a Class R Certificate, it will endeavor to remain a Permitted Transferee, and that it has reviewed the provisions of this Section 5.02 and agrees to be bound by them, and (II) an affidavit (a “Transferor Affidavit”), in the form attached hereto as Exhibit G-4, from the Holder wishing to transfer the Class R Certificate, in form and substance satisfactory to the Trustee representing and warranting, among other things, that no purpose of the proposed Transfer is to impede the assessment or collection of tax and that it has no knowledge that the proposed transferee is not a Permitted Transferee.

167

(C) Notwithstanding the delivery of a Transferee Affidavit and Agreement and a Transferor Affidavit under clause (B) above, if a Responsible Officer of the Trustee assigned to this transaction has actual knowledge that the proposed Transferee is not a Permitted Transferee or that the statements made in such Transfer Affidavit and Agreement or Transferor Affidavit are false, no Transfer of an Ownership Interest in a Class R Certificate to such proposed Transferee shall be effected.

(D) Each Person holding or acquiring any Ownership Interest in a Class R Certificate shall agree (x) to require a Transferee Affidavit and Agreement from any other Person to whom such Person attempts to transfer its Ownership Interest in a Class R Certificate and (y) not to transfer its Ownership Interest unless it provides a Transferor Affidavit to the Trustee.

(E) Each Person holding or acquiring an Ownership Interest in a Class R Certificate, by purchasing an Ownership Interest in such Certificate, agrees to give the Trustee written notice that it is a “pass-through interest holder” within the meaning of Temporary Treasury Regulations Section 1.67-3T(a)(2)(i)(A) immediately upon acquiring an Ownership Interest in a Class R Certificate, if it is “a pass-through interest holder”, or is holding an Ownership Interest in a Class R Certificate on behalf of a “pass-through interest holder.”

(ii) The Trustee will register the Transfer of any Class R Certificate only if it shall have received the Transferee Affidavit and Agreement in the form attached hereto as Exhibit G-5, a Transferor Affidavit of the Holder requesting such transfer in the form attached hereto as Exhibit G-4 and all of such other documents as shall have been reasonably required by the Trustee as a condition to such registration. Transfers of the Class R Certificates other than to Permitted Transferees are prohibited.

(iii) (A) If any Person other than a Permitted Transferee shall become a Holder of a Class R Certificate, then the last preceding Permitted Transferee shall be restored, to the extent permitted by law, to all rights and obligations as Holder thereof retroactive to the date of registration of such Transfer of such Class R Certificate. If a transfer of a Class R Certificate is disregarded pursuant to the provisions of Treasury Regulations Section 1.860E-1 or Section 1.860G-3, then the last preceding Permitted Transferee shall be restored, to the extent permitted by law, to all rights and obligations as Holder thereof retroactive to the date of registration of such transfer of such Class R Certificate. The prior Holder shall be entitled to recover from any purported Holder of a Class R Certificate that was in fact not a Permitted Transferee under this Section 5.05(b) at the time it became a Holder all payments made on such Class R Certificate. Each Holder of a Class R Certificate, by acceptance thereof, shall be deemed for all purposes to have consented to the provisions of this clause (b) and to any amendment of this Agreement deemed necessary (whether as a result of new legislation or otherwise) by counsel of the Depositor to ensure that the Class R Certificates are not transferred to any Person who is not a Permitted Transferee and that any transfer of such Class R Certificates will not cause the imposition of a tax upon the Trust or cause any such REMIC to fail to qualify as a REMIC. Neither the Trustee nor the Trustee shall be under any liability to any Person for any registration of Transfer of a Class R Certificate that is in fact not permitted by this Section 5.02 or for making any payments due on such Certificate to the Holder thereof or for taking any other action with respect to such Holder under the provisions of this Agreement.

168

(B) If any purported Transferee shall become a Holder of a Class R Certificate in violation of the restrictions in this Section 5.02 and to the extent that the retroactive restoration of the rights of the Holder of such Class R Certificate as described in clause (iii)(A) above shall be invalid, illegal or unenforceable, then the Trustee shall have the right, without notice to the Holder or any prior Holder of such Class R Certificate, to sell such Class R Certificate to a purchaser selected by the Trustee on such terms as the Trustee may choose. Such purported Transferee shall promptly endorse and deliver each Class R Certificate in accordance with the instructions of the Trustee. Such purchaser may be the Trustee itself. The proceeds of such sale, net of the commissions (which may include commissions payable to the Trustee), expenses and taxes due, if any, will be remitted by the Trustee to such purported Transferee. The terms and conditions of any sale under this clause (iii)(B) shall be determined in the sole discretion of the Trustee, and the Trustee shall not be liable to any Person having an Ownership Interest in a Class R Certificate as a result of its exercise of such discretion.

(f) The Trustee shall make available to the Internal Revenue Service and those Persons specified by the REMIC Provisions, all information necessary to compute any tax imposed (A) as a result of the transfer of an ownership interest in a Class R Certificate to any Person who is a Disqualified Organization, including the information regarding “excess inclusions” of such Class R Certificates required to be provided to the Internal Revenue Service and certain Persons as described in Treasury Regulations Sections 1.860D-1(b)(5) and 1.860E-2(a)(5), and (B) as a result of any regulated investment company, real estate investment trust, common trust fund, partnership, trust, estate or organization described in Section 1381 of the Code that holds an Ownership Interest in a Class R Certificate having as among its record Holders at any time any Person who is a Disqualified Organization. The Trustee may charge and shall be entitled to reasonable compensation for providing such information as may be required from those Persons which may have had a tax imposed upon them as specified in clauses (A) and (B) of this paragraph for providing such information.

(g) Subject to the preceding paragraphs, upon surrender for registration of transfer of any Certificate at the office of the Trustee maintained for such purpose, the Trustee shall execute and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Certificates of the same Class of a like aggregate Percentage Interest. Every Certificate surrendered for transfer shall be accompanied by notification of the account of the designated transferee or transferees for the purpose of receiving distributions pursuant to Section 4.01 by wire transfer, if any such transferee desires and is eligible for distribution by wire transfer.

169

(h) At the option of the Certificateholders, Certificates may be exchanged for other Certificates of authorized denominations of the same Class of a like aggregate Percentage Interest, upon surrender of the Certificates to be exchanged at the office of the Trustee. Whenever any Certificates are so surrendered for exchange the Trustee shall execute, authenticate and deliver the Certificates which the Certificateholder making the exchange is entitled to receive. Every Certificate presented or surrendered for transfer or exchange shall (if so required by the Trustee) be duly endorsed by, or be accompanied by a written instrument of transfer in the form satisfactory to the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing. In addition, with respect to each Class R Certificate, the Holder thereof may exchange, in the manner described above, such Class R Certificate for four separate Certificates, each representing such Holder's respective Percentage Interest in the Class R-1 Interest, the Class R-2 Interest, the Class R-3 Interest and Class R-4 Interest, respectively, in each case that was evidenced by the Class R Certificate being exchanged.

(i) No service charge shall be made to the Certificateholders for any transfer or exchange of Certificates, but the Trustee may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any transfer or exchange of Certificates.

(j) All Certificates surrendered for transfer and exchange shall be canceled and retained by the Trustee in accordance with the Trustee’s standard procedures.

Section 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.

If (i) any mutilated Certificate is surrendered to the Trustee and the Trustee receives evidence to its satisfaction of the destruction, loss or theft of any Certificate, and (ii) there is delivered to the Trustee such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to the Trustee that such Certificate has been acquired by a bona fide purchaser, the Trustee shall execute, authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Certificate, a new Certificate of the same Class and Percentage Interest. Upon the issuance of any new Certificate under this Section, the Trustee may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. Any replacement Certificate issued pursuant to this Section shall constitute complete and indefeasible evidence of ownership in the Trust Fund, as if originally issued, whether or not the lost, stolen or destroyed Certificate shall be found at any time.

Section 5.04. Persons Deemed Owners.

The Depositor, the Master Servicer, the Trustee and any agent of any of them may treat the person in whose name any Certificate is registered as the owner of such Certificate for the purpose of receiving distributions pursuant to Section 4.01 and for all other purposes whatsoever, and neither the Depositor, the Master Servicer, the Trustee nor any agent of any of them shall be affected by notice to the contrary.

170

Section 5.05. Rule 144A Information.

For so long as any Class P, Class C and Class R are outstanding and are “restricted securities” within the meaning of Rule 144(a)(3) of the Securities Act, (1) the Depositor will provide or cause to be provided to any Holder of such Certificates and any prospective purchaser thereof designated by such a Holder, upon the request of such Holder or prospective purchaser, the information required to be provided to such Holder or prospective purchaser by Rule 144A(d)(4) under the Securities Act; and (2) the Depositor shall update such information from time to time in order to prevent such information from becoming false and misleading and will take such other actions as are necessary to ensure that the safe harbor exemption from the registration requirements of the Securities Act under Rule 144A is and will be available for resales of such Certificates conducted in accordance with Rule 144A. The Master Servicer shall cooperate with the Depositor and furnish the Depositor such information in the Master Servicer's possession as the Depositor may reasonably request.

171

ARTICLE VI

THE DEPOSITOR AND THE MASTER SERVICER

Section 6.01. Liability of the Depositor and the Master Servicer.

The Depositor and the Master Servicer each shall be liable in accordance herewith only to the extent of the obligations specifically imposed upon and undertaken by the Depositor and the Master Servicer herein. Only the Master Servicer, any successor Master Servicer or the Trustee acting as Master Servicer shall be liable with respect to the servicing of the Mortgage Loans and the REO Property for actions taken by any such Person in contravention of the Master Servicer's duties hereunder.

Section 6.02. Merger, Consolidation or Conversion of the Depositor or the Master Servicer.

The Depositor and the Master Servicer each will keep in full effect its existence, rights and franchises as a corporation under the laws of the state of its incorporation, and each will obtain and preserve its qualification to do business as a foreign corporation in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, the Certificates or any of the Mortgage Loans and to perform its respective duties under this Agreement.

Any Person into which the Depositor or the Master Servicer may be merged, consolidated or converted, or any corporation resulting from any merger or consolidation to which the Depositor or the Master Servicer shall be a party, or any Person succeeding to the business of the Depositor or the Master Servicer, shall be the successor of the Depositor or the Master Servicer, as the case may be, hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, however, that the successor or surviving Person to the Master Servicer shall be qualified to sell mortgage loans to and service mortgage loans for Xxxxxx Mae or Xxxxxxx Mac.

Section 6.03. Limitation on Liability of the Depositor, the Master Servicer and Others.

Neither the Depositor, the Master Servicer nor any of the directors, officers, employees or agents of the Depositor or the Master Servicer shall be under any liability to the Trust Fund or the Certificateholders for any action taken or for refraining from the taking of any action in good faith pursuant to this Agreement, or for errors in judgment; provided, however, that this provision shall not protect the Depositor or the Master Servicer (but this provision shall protect the above described persons) against any breach of warranties or representations made herein, or against any specific liability imposed on the Master Servicer pursuant to Section 3.01 or any other Section hereof; and provided further that this provision shall not protect the Depositor, the Master Servicer or any such person, against any liability which would otherwise be imposed by reason of willful misfeasance, bad faith or gross negligence in the performance of duties or by reason of reckless disregard of obligations and duties hereunder. The Depositor, the Master Servicer and any director, officer, employee or agent of the Depositor or the Master Servicer may rely in good faith on any document of any kind prima facie properly executed and submitted by any Person respecting any matters arising hereunder. The Depositor, the Master Servicer and any director, officer, employee or agent of the Depositor or the Master Servicer shall be indemnified and held harmless by the Trust Fund against any loss, liability or expense incurred in connection with any legal action relating to this Agreement or the Certificates (including reasonable legal fees and disbursements of counsel), other than (a) any loss, liability or expense related to Master Servicer's servicing obligations with respect to any specific Mortgage Loan or Mortgage Loans (except as any such loss, liability or expense shall be otherwise reimbursable pursuant to this Agreement) or related to the Master Servicer's obligations under Section 3.01, or (b) any loss, liability or expense incurred by reason of willful misfeasance, bad faith or gross negligence in the performance of duties hereunder or by reason of reckless disregard of obligations and duties hereunder. Neither the Depositor nor the Master Servicer shall be under any obligation to appear in, prosecute or defend any legal action which is not incidental to its respective duties under this Agreement and which in its opinion may involve it in any expense or liability; provided, however, that the Depositor or the Master Servicer may in its sole discretion undertake any such action which it may deem necessary or desirable with respect to this Agreement and the rights and duties of the parties hereto and the interests of the Certificateholders hereunder. In such event, the legal expenses and costs of such action and any liability resulting therefrom (except any action or liability related to the Master Servicer's obligations under Section 3.01) shall be expenses, costs and liabilities of the Trust Fund, and the Depositor and the Master Servicer shall be entitled to be reimbursed therefor from the Certificate Account as provided in Section 3.11, any such right of reimbursement being prior to the rights of Certificateholders to receive any amount in the Certificate Account.

172

Section 6.04. Limitation on Resignation of the Master Servicer.

The Master Servicer shall not resign from the obligations and duties hereby imposed on it except (a) upon appointment of a successor servicer reasonably acceptable to the Trustee and the Certificate Insurer upon receipt by the Trustee and Certificate Insurer (unless an Insurer Default has occurred and is continuing) of a letter from each Rating Agency (obtained by the Master Servicer and at its expense) that such a resignation and appointment will not, in and of itself, result in a downgrading of the Certificates without taking the Certificate Guaranty Insurance Policy into account or (b) upon determination that its duties hereunder are no longer permissible under applicable law. Any such determination permitting the resignation of the Master Servicer shall be evidenced by an Opinion of Counsel (at the expense of the resigning Master Servicer) to such effect delivered to the Trustee and the Certificate Insurer. No such resignation shall become effective until the Trustee or a successor servicer shall have assumed the Master Servicer's responsibilities, duties, liabilities and obligations hereunder.

173

Section 6.05. Sale and Assignment of Master Servicing.

The Master Servicer may sell and assign its rights and delegate its duties and obligations in their entirety as Master Servicer under this Agreement; provided, however, that: (i) the purchaser or transferee accepting such assignment and delegation (a) shall be a Person which shall be qualified to service mortgage loans for Xxxxxx Xxx or Xxxxxxx Mac; (b) shall, in the case of successor master servicers only, have a net worth of not less than $10,000,000 (unless otherwise approved by each Rating Agency pursuant to clause (ii) below); (c) shall be reasonably satisfactory to the Trustee and the Certificate Insurer (unless an Insurer Default has occurred and is continuing) (as evidenced in a writing signed by the Trustee and the Certificate Insurer) as having a comparable servicing ability to that of the Master Servicer on the Closing Date; (d) shall execute and deliver to the Trustee and the Certificate Insurer an agreement, in form and substance reasonably satisfactory to the Trustee and the Certificate Insurer, which contains an assumption by such Person of the due and punctual performance and observance of each covenant and condition to be performed or observed by it as master servicer under this Agreement and any custodial agreement, from and after the effective date of such agreement; (ii) each Rating Agency shall be given prior written notice of the identity of the proposed successor to the Master Servicer and each Rating Agency's rating of the Certificates in effect immediately prior to such assignment, sale and delegation will not be downgraded or withdrawn as a result of such assignment, sale and delegation without taking the Certificate Guaranty Insurance Policy into account, as evidenced by a letter to such effect obtained by the Master Servicer at its expense and delivered to the Trustee; and (iii) the Master Servicer assigning and selling the master servicing shall deliver to the Trustee an Officer's Certificate and an Opinion of Counsel (at the expense of the Master Servicer), each stating that all conditions precedent to such action under this Agreement have been completed and such action is permitted by and complies with the terms of this Agreement. No such assignment or delegation shall affect any liability of the Master Servicer arising prior to the effective date thereof.

174

ARTICLE VII

DEFAULT

Section 7.01. Events of Default.

“Event of Default”, wherever used herein, means any one of the following events:

(i) any failure by the Master Servicer to deposit into the Certificate Account on each Certificate Account Deposit Date the amounts required to be deposited therein (other than an Advance) under the terms of this Agreement which continues unremedied for two (2) Business Days after such amount was required to be remitted; or

(ii) any failure on the part of the Master Servicer duly to observe or perform in any material respect any other of the covenants or agreements on the part of the Master Servicer contained in the Certificates or in this Agreement (including any breach of the Master Servicer's representations and warranties pursuant to Section 2.03(a) which materially and adversely affects the interests of the Certificateholders) which continues unremedied for a period of 60 days after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the Master Servicer by the Trustee or the Certificate Insurer, or to the Master Servicer, the Certificate Insurer and the Trustee by the Holders of Certificates entitled to at least 25% of the Voting Rights; or

(iii) a decree or order of a court or agency or supervisory authority having jurisdiction in an involuntary case under any present or future federal or state bankruptcy, insolvency or similar law or the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against the Master Servicer and such decree or order shall have remained in force undischarged or unstayed for a period of 60 consecutive days; or

(iv) the Master Servicer shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings of or relating to the Master Servicer or of or relating to all or substantially all of its property; or

(v) the Master Servicer shall admit in writing its inability to pay its debts generally as they become due, file a petition to take advantage of or otherwise voluntarily commence a case or proceeding under any applicable bankruptcy, insolvency, reorganization or other similar statute, make an assignment for the benefit of its creditors, or voluntarily suspend payment of its obligations; or

(vi) the Master Servicer shall fail to deposit in the Certificate Account on any Certificate Account Deposit Date an amount equal to any required Advance which continues unremedied for the earlier of (a) a period of two (2) Business Days or (b) the Business Day immediately preceding the Distribution Date.

175

If an Event of Default described in clauses (i) - (v) of this Section shall occur, then, and in each and every such case, so long as such Event of Default shall not have been remedied, the Trustee, the Certificate Insurer (unless an Insurer Default has occurred and is continuing) or the Holders of Certificates entitled to at least 51% of the Voting Rights (with the consent of the Certificate Insurer), by notice in writing to the Master Servicer and the Swap Provider (and to the Trustee if given by such Holders of Certificates), with a copy to the Rating Agencies, may terminate all of the rights and obligations (but not the liabilities) of the Master Servicer under this Agreement and in and to the Trust Fund, other than its rights as a Certificateholder hereunder; provided, however, that the successor to the Master Servicer appointed pursuant to Section 7.02 shall have accepted the duties of Master Servicer effective upon the resignation or termination of the Master Servicer. If an Event of Default described in clause (vi) hereof shall occur, the Trustee, as applicable, shall, by notice to the Master Servicer, the Certificate Insurer and the Depositor, terminate all of the rights and obligations of the Master Servicer under this Agreement and in and to the Trust Fund, other than its rights as a Certificateholder hereunder; provided, however, that if the Trustee, as applicable, determines (in its sole discretion) that the failure by the Master Servicer to make any required Advance was due to circumstances beyond its control, and the required Advance was otherwise made, the Trustee, as applicable, shall not terminate the Master Servicer. On or after the receipt by the Master Servicer of such notice, all authority and power of the Master Servicer under this Agreement, whether with respect to the Certificates (other than as a Holder thereof) or the Mortgage Loans or otherwise, shall pass to and be vested in the Trustee pursuant to and under this Section, and, without limitation, the Trustee is hereby authorized and empowered to execute and deliver, on behalf of the Master Servicer, as attorney-in-fact or otherwise, any and all documents and other instruments, and to do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement or assignment of the Mortgage Loans and related documents, or otherwise at the expense of the Master Servicer. The Master Servicer agrees to cooperate with (and pay any related costs and expenses of) the Trustee in effecting the termination of the Master Servicer's responsibilities and rights hereunder, including, without limitation, the transfer to the Trustee or the successor Master Servicer for administration by it of (i) the property and amounts which are then or should be part of the Trust Fund or which thereafter become part of the Trust Fund; (ii) originals or copies of all documents of the Master Servicer reasonably requested by the Trustee to enable it to assume the Master Servicer's duties thereunder; (iii) the rights and obligations of the Master Servicer under the Sub-Servicing Agreements with respect to the Mortgage Loans; and (iv) all cash amounts which shall at the time be deposited by the Master Servicer or should have been deposited to the Custodial or the Certificate Account or thereafter be received with respect to the Mortgage Loans. The Trustee shall not be deemed to have breached any obligation hereunder as a result of a failure to make or delay in making any distribution as and when required hereunder caused by the failure of the Master Servicer to remit any amounts received by it or to deliver any documents held by it with respect to the Mortgage Loans. For purposes of this Section 7.01, the Trustee shall not be deemed to have knowledge of an Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless notice of any event which is in fact such an Event of Default is received by the Trustee as provided in Section 11.05 and such notice references the Certificates, the Trust Fund or this Agreement.

176

Section 7.02. Trustee to Act; Appointment of Successor.

Within 90 days of the time the Master Servicer receives a notice of termination pursuant to Section 7.01(i) - (v), the Trustee or its appointed agent shall be the successor in all respects to the Master Servicer in its capacity as Master Servicer under this Agreement and the transactions set forth or provided for herein and shall be subject thereafter to all the responsibilities, duties and liabilities relating thereto placed on the Master Servicer including the obligation to make Advances which have been or will be required to be made (except for the responsibilities, duties and liabilities contained in Section 2.03 and its obligations to deposit amounts in respect of losses pursuant to Section 3.12 and 4.01(r)) by the terms and provisions hereof; and provided further, that any failure to perform such duties or responsibilities caused by the Master Servicer's failure to provide information required by Section 4.03 shall not be considered a default by the Trustee hereunder. As compensation therefor, the Trustee shall be entitled to all funds relating to the Mortgage Loans which the Master Servicer would have been entitled to charge to the Custodial Account if the Master Servicer had continued to act hereunder. If the Trustee has become the successor to the Master Servicer in accordance with Section 6.04 or Section 7.02, then notwithstanding the above, if the Trustee shall be unwilling to so act, or shall be unable to so act, the Trustee may appoint, or petition a court of competent jurisdiction or appoint, any established housing and home finance institution, which is also a Xxxxxx Mae- or Xxxxxxx Mac-approved mortgage servicing institution, having a net worth of not less than $10,000,000 and acceptable to the Certificate Insurer as evidenced by its prior written consent as the successor to the Master Servicer hereunder in the assumption of all or any part of the responsibilities, duties or liabilities of the Master Servicer hereunder. Pending appointment of a successor to the Master Servicer hereunder, the Trustee shall act in such capacity as herein above provided. In connection with such appointment and assumption, the Trustee may make such arrangements for the compensation of such successor out of payments on Mortgage Loans as it and such successor shall agree; provided, however, that no such compensation shall be in excess of that permitted the Master Servicer hereunder. Each of the Sponsor, the Trustee and such successor shall take such action, consistent with this Agreement, as shall be necessary to effectuate any such succession. In no event shall the successor Master Servicer be liable for the acts or omissions of the predecessor Master Servicer.

In connection with the termination or resignation of the Master Servicer hereunder, either (i) the successor Master Servicer, including the Trustee if the Trustee is acting as successor Master Servicer, shall represent and warrant that it is a member of MERS in good standing and shall agree to comply in all material respects with the rules and procedures of MERS in connection with the servicing of the Mortgage Loans that are registered with MERS, in which case the predecessor Master Servicer shall cooperate with the successor Master Servicer in causing MERS to revise its records to reflect the transfer of servicing to the successor Master Servicer as necessary under MERS' rules and regulations, or (ii) the predecessor Master Servicer shall cooperate with the successor Master Servicer in causing MERS to execute and deliver an assignment of Mortgage in recordable form to transfer the Mortgage from MERS to the Trustee and to execute and deliver such other notices, documents and other instruments as may be necessary or desirable to effect a transfer of such Mortgage Loan or servicing of such Mortgage Loan on the MERS® System to the successor Master Servicer. The predecessor Master Servicer shall file or cause to be filed any such assignment in the appropriate recording office. The predecessor Master Servicer shall bear any and all fees of MERS, costs of preparing any assignments of Mortgage, and fees and costs of filing any assignments of Mortgage that may be required under this Section 7.02. The successor Master Servicer shall cause such assignment to be delivered to the Custodian promptly upon receipt of the original with evidence of recording thereon or a copy certified by the public recording office in which such assignment was recorded.

177

Any successor, including the Trustee, to the Master Servicer shall maintain in force during its term as master servicer hereunder policies and fidelity bonds to the same extent as the Master Servicer is so required pursuant to Section 3.18.

Any successor, including the Trustee, to the Master Servicer shall not terminate any Sub-Servicing Agreement with Midland without cause.

Notwithstanding anything else herein to the contrary, in no event shall the Trustee be liable for any Master Servicing Fee or Sub-Servicing Fee or for any differential in the amount of the Master Servicing Fee or Sub-Servicing Fee paid hereunder and the amount necessary to induce any successor Master Servicer or Sub-Servicer, as applicable, to act as successor Master Servicer or Sub-Servicer, as applicable, under this Agreement and the transactions set forth or provided for herein.

Section 7.03. Notification to Certificateholders.

(a) Upon any such termination or appointment of a successor to the Master Servicer, the Trustee shall give prompt notice thereof to Certificateholders, the Certificate Insurer and to the Rating Agencies.

(b) Within 60 days after the occurrence of any Event of Default, the Trustee shall transmit by mail to all Holders of Certificates, the Certificate Insurer and the Swap Provider notice of each such Event of Default hereunder known to the Trustee, unless such Event of Default shall have been cured or waived.

Section 7.04. Waiver of Events of Default.

The Holders representing at least 51% of the Voting Rights of Certificates affected by a default or Event of Default hereunder (with the consent of the Certificate Insurer), may waive such default or Event of Default (other than an Event of Default set forth in Section 7.01(vi)); provided, however, that (a) a default or Event of Default under clause (i) of Section 7.01 may be waived only by all of the Holders of Certificates affected by such default or Event of Default (with the consent of the Certificate Insurer) and (b) no waiver pursuant to this Section 7.04 shall affect the Holders of Certificates in the manner set forth in the second paragraph of Section 11.01 or materially adversely affect any non-consenting Certificateholder. Upon any such waiver of a default or Event of Default by the Holders representing the requisite percentage of Voting Rights of Certificates affected by such default or Event of Default, such default or Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon except to the extent expressly so waived. The Master Servicer shall give notice of any such waiver to the Rating Agencies.

178

Section 7.05. List of Certificateholders.

Upon written request of the Certificate Insurer or three or more Certificateholders of record, for purposes of communicating with other Certificateholders with respect to their rights under this Agreement, the Trustee will afford such Certificateholders access during business hours to the most recent list of Certificateholders held by the Trustee.

179

ARTICLE VIII

CONCERNING THE TRUSTEE

Section 8.01. Duties of Trustee.

The Trustee, prior to the occurrence of an Event of Default and after the curing or waiver of all Events of Default which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Agreement. If an Event of Default occurs, is continuing and has not been waived, the Trustee shall exercise such of the rights and powers vested in it by this Agreement, and use the same degree of care and skill in their exercise as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. Any permissive right of the Trustee enumerated in this Agreement shall not be construed as a duty.

The Trustee, upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Trustee which are specifically required to be furnished pursuant to any provision of this Agreement, shall examine them in accordance with the requirements of this Agreement. If any such instrument is found not to conform to the requirements of this Agreement in a material manner, the Trustee shall take such action as it deems appropriate to have the instrument corrected, and if the instrument is not corrected to the Trustee’s satisfaction, the Trustee will provide notice thereof to the Certificateholders. Notwithstanding the foregoing, the Trustee shall not be responsible for the accuracy or content of any resolution, certificate, statement, opinion, report, document, order or other instrument furnished by the Master Servicer hereunder or any Opinion of Counsel required hereunder.

The Trustee shall prepare and file or cause to be filed on behalf of the Trust Fund any tax return that is required with respect to REMIC 1, REMIC 2, REMIC 3 and REMIC 4 pursuant to applicable federal, state or local tax laws.

The Trustee covenants and agrees that it shall perform its obligations hereunder in a manner so as to maintain the status of REMIC 1, REMIC 2, REMIC 3 and REMIC 4 under the REMIC Provisions and to prevent the imposition of any federal, state or local income, prohibited transaction, contribution or other tax on any of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to the extent that maintaining such status and avoiding such taxes are within the control of the Trustee and are reasonably within the scope of its duties under this Agreement.

No provision of this Agreement shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct; provided, however, that:

(i) Prior to the occurrence of an Event of Default, and after the curing or waiver of all such Events of Default which may have occurred, the duties and obligations of the Trustee shall be determined solely by the express provisions of this Agreement, the Trustee shall not be liable except for the performance of such duties and obligations as are specifically set forth in this Agreement, no implied covenants or obligations shall be read into this Agreement against the Trustee and, in the absence of bad faith on the part of the Trustee, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Trustee and conforming to the requirements of this Agreement;

180

(ii) The Trustee shall not be liable for an error of judgment made in good faith by a Responsible Officer or Responsible Officers of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; and

(iii) The Trustee shall not be liable with respect to any action taken, suffered or omitted to be taken by it in good faith in accordance with the direction of the Certificate Insurer or the Holders of Certificates entitled to at least 25% of the Voting Rights relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Agreement.

Section 8.02. Certain Matters Affecting the Trustee.

Except as otherwise provided in Section 8.01:

(a) The Trustee may conclusively rely upon and shall be fully protected in acting or refraining from acting in reliance upon any resolution, Officers’ Certificate, certificate of auditors or any other certificate, statement, instrument, opinion, report, notice, request, consent, order, appraisal, bond or other paper or document reasonably believed by it to be genuine and to have been signed or presented by the proper party or parties;

(b) The Trustee may consult with counsel and any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken or suffered or omitted by it hereunder in good faith and in accordance therewith;

(c) The Trustee shall be under no obligation to exercise any of the trusts or powers vested in it by this Agreement, other than its obligation to give notice pursuant to this Agreement, or to institute, conduct or defend any litigation hereunder or in relation hereto at the request, order or direction of any of the Certificateholders, pursuant to the provisions of this Agreement, unless such Certificateholders or the Certificate Insurer (so long as no Insurer Default has occurred and is continuing) shall have offered to the Trustee security or indemnity satisfactory to it against the costs, expenses and liabilities which may be incurred therein or thereby and the Certificate Insurer (so long as no Insurer Default has occurred and is continuing) has given its consent; nothing contained herein shall, however, relieve the Trustee of the obligation, upon the occurrence of an Event of Default of which a Responsible Officer of the Trustee’s corporate trust department has actual knowledge (which has not been waived or cured), to exercise such of the rights and powers vested in it by this Agreement, and to use the same degree of care and skill in their exercise as a prudent man would exercise or use under the circumstances in the conduct of his own affairs;

181

(d) The Trustee shall not be liable for any action taken, suffered or omitted by it in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Agreement;

(e) Prior to the occurrence of an Event of Default hereunder and after the curing or waiver of all Events of Default which may have occurred, the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond or other paper or document, unless requested in writing to do so by the Certificate Insurer (so long as no Insurer Default has occurred and is continuing) or the Holders of Certificates entitled to at least 25% of the Voting Rights with the written consent of the Certificate Insurer (so long as no Insurer Default has occurred and is continuing); provided, however, that if the payment within a reasonable time to the Trustee of the costs, expenses or liabilities likely to be incurred by it in the making of such investigation is, in the opinion of the Trustee, reasonably assured to the Trustee by the security afforded to it by the terms of this Agreement reasonable expense of every such examination shall be paid by the Certificateholders or the Certificate Insurer requesting the investigation;

(f) The Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents, nominees, custodians or attorneys appointed with due care, and shall not be responsible for any willful misconduct or negligence on the part of any agent, attorney, custodian or nominee so appointed;

(g) The Trustee shall not be required to give any bond or surety with respect to the execution of the trust created hereby or the powers granted hereunder; and

(h) Whenever in the administration of the provisions of this Agreement the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or suffering any action to be taken hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of gross negligence or bad faith on the part of the Trustee, be deemed to be conclusively proved and established by a certificate signed and delivered to the Trustee and such certificate, in the absence of gross negligence or bad faith on the part of the Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted by it under the provisions of this Agreement upon the faith thereof.

The Trustee shall have no obligation to invest and reinvest any cash held in the absence of timely and specific written investment direction from the Master Servicer. In no event shall the Trustee be liable for the selection of investments or for investment losses incurred thereon. The Trustee shall have no liability in respect of losses incurred as a result of the liquidation of any investment incurred as a result of the liquidation of any investment prior to its stated maturity or the failure of the Master Servicer to provide timely written investment direction.

182

In order to comply with the laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions, including those relating to the funding of terrorist activities and money laundering (“Lending Laws”), the Trustee is required to obtain, verify and record certain information relating to individuals and entities which maintain a business relationship with the Trustee. Accordingly, each of the parties agrees to provide to the Trustee upon its request from time to time such identifying information and documentation as may be available for such party in order to enable the Trustee to comply with the Lending Laws.

Section 8.03. Trustee Not Liable for Certificates or Mortgage Loans.

The recitals contained herein and in the Certificates (other than the signature of the Trustee, the authentication of the Trustee on the Certificates, the acknowledgments of the Trustee contained in Article II) shall be taken as the statements of the Depositor and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations or warranties as to the validity or sufficiency of this Agreement or of the Certificates (other than the signature and authentication of the Trustee on the Certificates) or of any Mortgage Loan or related document, or of MERS or the MERS® System. The Trustee shall not be accountable for the use or application by the Depositor of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to the Depositor or the Master Servicer in respect of the Mortgage Loans or deposited in or withdrawn from the Custodial Account by the Master Servicer.

Section 8.04. Trustee May Own Certificates.

The Trustee in its individual or any other capacity (other than as Trustee hereunder) may become the owner or pledgee of Certificates with the same rights it would have if it were not Trustee and may otherwise deal with the parties hereto.

Section 8.05. Trustee’s Fees.

On each Distribution Date, the Trustee shall be entitled to withdraw from the Certificate Account as compensation hereunder any amounts earned on funds in the Certificate Account. Such compensation (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) shall be paid for all services rendered by it in the execution of the trusts hereby created and in the exercise and performance of any of the powers and duties hereunder or of the Trustee. Except as otherwise provided in this Agreement, the Trustee and any director, officer, employee or agent of the Trustee shall be indemnified and held harmless by the Trust Fund against any claim, loss, liability, fee or expense incurred in connection with any Event of Default, any breach of this Agreement or any claim or legal action (including any pending or threatened claim or legal action), relating to the acceptance or administration of its trusts hereunder or the Trustee’s performance under the Certificates, other than any claim, loss, liability or expense (i) sustained in connection with this Agreement related to the willful misfeasance, bad faith or negligence of the Master Servicer in the performance of its duties hereunder or (ii) incurred in connection with a breach constituting willful misfeasance, bad faith or negligence of the Trustee in the performance of its duties hereunder or by reason of reckless disregard of its obligations and duties hereunder.

183

The Master Servicer shall indemnify the Trustee and any director, officer, employee or agent of the Trustee against any such claim or legal action (including any pending or threatened claim or legal action), loss, liability, fee or expense that may be sustained in connection with this Agreement related to the willful misfeasance, bad faith, or negligence in the performance of the Master Servicer's duties hereunder.

The provisions of this Section 8.05 shall survive the resignation or removal of the Trustee or the termination of this Agreement.

Section 8.06. Eligibility Requirements for Trustee.

The Trustee hereunder shall at all times be a corporation or a national banking association organized and doing business under the laws of any state or the United States of America or the District of Columbia, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000 and subject to supervision or examination by federal or state authority. In addition, the Trustee shall at all times be acceptable to the Rating Agency rating the Certificates. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 8.07. The corporation or national banking association serving as Trustee may have normal banking and trust relationships with the Sponsor and their affiliates or the Master Servicer and its affiliates; provided, however, that such corporation cannot be an affiliate of the Master Servicer other than the Trustee in its role as successor to the Master Servicer.

Section 8.07. Resignation and Removal of the Trustee.

The Trustee may at any time resign and be discharged from the trusts hereby created by giving written notice thereof to the Master Servicer; with a copy to the Rating Agencies, the Certificate Insurer and the Swap Provider; provided, that such resignation shall not be effective until successor trustee is appointed and accepts appointment in accordance with the following provisions; provided, however, that the resigning trustee shall not resign and be discharged from the trusts hereby created until such time as the Rating Agency rating the Certificates and the Certificate Insurer approves the successor trustee. Upon receiving such notice of resignation, the Master Servicer shall promptly appoint successor trustee who meets the eligibility requirements of Section 8.06 by written instrument, in triplicate, one copy of which instrument shall be delivered to the resigning trustee and to the successor trustee. If no successor trustee shall have been so appointed and have accepted appointment within 30 days after the giving of such notice of resignation, the resigning trustee may petition any court of competent jurisdiction for the appointment of a successor trustee.

184

If at any time the Trustee shall cease to be eligible in accordance with the provisions of Section 8.06 and shall fail to resign after written request therefor by the Master Servicer, or if at any time the Trustee shall become incapable of acting, or shall be adjudged bankrupt or insolvent, or a receiver of the Trustee or of its property shall be appointed, or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, the Master Servicer with the consent of the Certificate Insurer (so long as no Insurer Default has occurred and is continuing), which consent shall not be unreasonably withheld, may remove the Trustee and appoint successor trustee who meets the eligibility requirements of Section 8.06 by written instrument, in triplicate, which instrument shall be delivered to the Trustee so removed and to the successor trustee.

Any resignation or removal of the Trustee and appointment of successor trustee pursuant to any of the provisions of this Section shall not become effective until acceptance of appointment by the successor trustee as provided in Section 8.08.

Section 8.08. Successor Trustee.

Any successor trustee appointed as provided in Section 8.07 shall execute, acknowledge and deliver to the Master Servicer an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee shall become effective and such successor trustee, without any further act, deed or conveyance, shall become fully vested with all the rights, powers, duties and obligations of its predecessor hereunder, with the like effect as if originally named as trustee herein. The predecessor trustee shall after payment of its outstanding fees and expenses, promptly deliver to the successor trustee all assets and records of the Trust Fund held by it hereunder, and the Master Servicer and the predecessor trustee shall execute and deliver all such instruments and do such other things as may reasonably be required for more fully and certainly vesting and confirming in the successor trustee all such rights, powers, duties and obligations.

No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be eligible under the provisions of Section 8.06.

Upon acceptance of appointment by successor trustee as provided in this Section, the Master Servicer shall mail notice of the succession of such trustee hereunder to all Holders of Certificates at their addresses as shown in the Certificate Register. If the Master Servicer fails to mail such notice within ten days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be mailed at the expense of the Master Servicer.

Any Person appointed as successor trustee pursuant to Section 8.08 shall also be required to serve as successor supplemental interest trust trustee under the derivative documents.

185

Section 8.09. Merger or Consolidation of Trustee.

Any state bank or trust company or corporation or national banking association into which the Trustee may be merged or converted or with which it may be consolidated or any state bank or trust company or national banking association resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any state bank or trust company or corporation or national banking association succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided such state bank or trust company or corporation or national banking association shall be eligible under the provisions of Section 8.06 without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.

Section 8.10. Appointment of Co-Trustee or Separate Trustee.

Notwithstanding any other provisions hereof, at any time, for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Trust Fund or property securing the same may at the time be located, the Master Servicer and the Trustee acting jointly shall have the power and shall execute and deliver all instruments to appoint one or more Persons approved by the Trustee to act as co-trustee or co-trustees, jointly with the Trustee or separate trustee or separate trustees, of all or any part of the Trust Fund, and to vest in such Person or Persons, in such capacity, such title to the Trust Fund, or any part thereof, and, subject to the other provisions of this Section 8.10, such powers, duties, obligations, rights and trusts as the Master Servicer and the Trustee may consider necessary or desirable. If the Master Servicer shall not have joined in such appointment within 15 days after the receipt by it of a request so to do, or in case an Event of Default shall have occurred and be continuing, the Trustee alone shall have the power to make such appointment without the Master Servicer. No co-trustee or separate trustee hereunder shall be required to meet the terms of eligibility as successor trustee under Section 8.06 hereunder and no notice to Holders of Certificates of the appointment of co-trustee(s) or separate trustee(s) shall be required under Section 8.08 hereof.

In the case of any appointment of a co-trustee or separate trustee pursuant to this Section 8.10, all rights, powers, duties and obligations conferred or imposed upon the Trustee and required to be conferred or such co-trustee shall be conferred or imposed upon and exercised or performed by the Trustee and such separate trustee or co-trustee jointly, except to the extent that under any law of any jurisdiction in which any particular act or acts are to be performed (whether as Trustee hereunder or as successor to the Master Servicer hereunder), the Trustee shall be incompetent or unqualified to perform such act or acts, in which event such rights, powers, duties and obligations (including the holding of title to the Trust Fund or any portion thereof in any such jurisdiction) shall be exercised and performed by such separate trustee or co-trustee at the direction of the Trustee.

Any notice, request or other writing given to the Trustee shall be deemed to have been given to each of the then separate trustees and co-trustees, as effectively as if given to each of them. Every instrument appointing any separate trustee or co-trustee shall refer to this Agreement and the conditions of this Article VIII. Each separate trustee and co-trustee, upon its acceptance of the trusts conferred, shall be vested with the estates or property specified in its instrument of appointment, either jointly with the Trustee or separately, as may be provided therein, subject to all the provisions of this Agreement, specifically including every provision of this Agreement relating to the conduct of, affecting the liability of, or affording protection to, the Trustee. Every such instrument shall be filed with the Trustee.

186

Any separate trustee or co-trustee may, at any time, constitute the Trustee its agent or attorney-in-fact, with full power and authority, to the extent not prohibited by law, to do any lawful act under or in respect of this Agreement on its behalf and in its name. If any separate trustee or co-trustee shall die, become incapable of acting, resign or be removed, all of its estates, properties, rights, remedies and trusts shall vest in and be exercised by the Trustee to the extent permitted by law, without the appointment of a new or successor trustee.

187

ARTICLE IX

TERMINATION

Section 9.01. Termination Upon Repurchase or Liquidation of All Mortgage Loans or upon Purchase of Certificates.

(a) Subject to Section 9.03, the respective obligations and responsibilities of the Depositor, the Master Servicer and the Trustee created hereby (other than the obligations of the Master Servicer to the Trustee pursuant to Section 8.05 and of the Master Servicer to provide for and the Trustee to make payments to Certificateholders as hereafter set forth) shall terminate, with respect to Loan Group 1, upon payment to the related Certificateholders of all amounts held by or on behalf of the Trustee and required to be paid to them hereunder following the earlier to occur of (i) the repurchase by the Master Servicer or its designee of all Group 1 Loans and each related REO Property in respect thereof remaining in the Trust Fund at a price in cash equal to (a) 100% of the unpaid principal balance of each such Mortgage Loan in Loan Group 1 (other than one as to which a REO Property was acquired) on the day of repurchase together with accrued interest on such unpaid principal balance at the Group 1 Net Mortgage Rate to the first day of the month in which the proceeds of such repurchase are to be distributed, plus (b) the appraised value of any such REO Property (but not more than the unpaid principal balance of the related Mortgage Loan, together with accrued interest on that balance at the Group 1 Net Mortgage Rate to the first day of the month such repurchase price is distributed), less the good faith estimate of the Master Servicer of liquidation expenses to be incurred in connection with its disposal thereof, such appraisal to be conducted by an appraiser selected by the Master Servicer and at the expense of the Master Servicer, plus (c) any Group 1 Swap Termination Payment (which shall include any Group 1 Net Swap Payment payable for the final Distribution Date) payable to the Group 1 Swap Provider pursuant to the related Group 1 Interest Rate Swap Agreement which remains unpaid or which is due to the exercise of such option (a “Group 1 Swap Optional Termination Payment”) and plus (d) any unreimbursed amounts owed to the Certificate Insurer under the Certificate Guaranty Insurance Policy, the Insurance Agreement and this Agreement, and (ii) the final payment or other liquidation (or any Advance with respect thereto) of the last Mortgage Loan in Loan Group 1 remaining in the Trust Fund (or the disposition of all REO Property in respect thereof); provided, however, that in no event shall the trust created hereby continue beyond the earlier of (i) the Distribution Date occurring in February 2037 (ii) the expiration of 21 years from the death of the last survivor of the descendants of Xxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. Xxxxx, living on the date hereof and (iii) the “latest possible maturity date” specified in the Preliminary Statements with respect to the related Regular Interests and Certificates, and provided further, that the purchase price set forth above shall be increased as is necessary, as determined by the Master Servicer, to avoid disqualification of any of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 as a REMIC. In the case of any repurchase by the Master Servicer pursuant to clause (a)(i), the Master Servicer shall exercise reasonable efforts to cooperate fully with the Trustee in effecting such repurchase and the transfer of the Group 1 Loans and related Mortgage Files and related records to the Master Servicer.

188

The right of the Master Servicer or its designee to repurchase all Group 1 Loans pursuant to (a)(i) above shall be conditioned upon the Aggregate Stated Principal Balance of such Mortgage Loans at the time of any such repurchase aggregating to an amount equal to or less than 10% of the Group 1 Cut-off Date Balance of such Mortgage Loans; provided, however, that no such purchase will be permitted if it would result in a draw on the Certificate Guaranty Insurance Policy or any amounts owed to the Certificate Insurer would remain unpaid, unless the Certificate Insurer consents in writing to such purchase. If such right is exercised, the Master Servicer upon such repurchase shall provide to the Trustee and the Certificate Insurer, notice of such exercise prior to the Determination Date in the month preceding the month of purchase and the certification required by Section 3.16.

In the case of a repurchase of Mortgage Loans and REO Property related to Loan Group 1 pursuant to clause (a)(i) above, only an amount equal to the repurchase price specified in such clause (a)(i) above for such Mortgage Loans and REO Property, less any related Group 1 Swap Optional Termination Payment and any portion of the repurchase price consisting of the unreimbursed amounts owed to the Certificate Insurer, shall be made available for distribution to the related Regular Certificates and Class 1-IO Interests. The Group 1 Swap Optional Termination Payment shall be withdrawn by the Trustee from the Certificate Account and remitted to the Group 1 Supplemental Interest Trust to be paid in accordance with Section 4.10(ii). The Group 1 Swap Optional Termination Payment shall not be part of any REMIC and shall not be paid into any account which is part of any REMIC.

(b) The Master Servicer has the right to repurchase all of the Mortgage Loans and related REO Properties pursuant to clause (i) of Section 9.01(a), conditioned upon the related Aggregate Stated Principal Balance of such Group 1 Loans at the time of any such repurchase aggregating to an amount equal to or less than 10% of the Group 1 Cut-off Date Balance. If the Master Servicer elects to terminate the Trust pursuant to this Section 9.01 (such termination, a “Group 1 Optional Termination”), the Master Servicer shall, at least 20 days prior to the last date on which notice of such Group 1 Optional Termination is required to be mailed to the related Certificateholders pursuant to Section 9.01(k), notify in writing (which may be done in electronic format) the Depositor, the Master Servicer, the Trustee and the Group 1 Swap Provider of the final Distribution Date on which the Master Servicer intends to terminate the Trust Fund.

(c) In connection with any Group 1 Optional Termination, four Business Days prior to the final Distribution Date specified in the notice required pursuant to Section 9.01(k), the Master Servicer shall, no later than 4:00 pm New York City time on such day, request in writing (in accordance with the applicable provision of the Group 1 Interest Rate Swap Agreement) and by phone from the Group 1 Swap Provider the amount of the related Group 1 Estimated Swap Termination Payment. The Group 1 Swap Provider shall, no later than 2:00 pm on the following Business Day, notify in writing (which may be done in electronic format) the Trustee of the amount of the Group 1 Estimated Swap Termination Payment; the Trustee shall promptly on the same day notify the Master Servicer of the amount of the related Group 1 Estimated Swap Termination Payment.

189

(d) Two Business Days prior to the final Distribution Date specified in the notice required pursuant to Section 9.01(k), (i) the Master Servicer shall, no later than 1:00 pm New York City time on such day, deposit funds in the Certificate Account in an amount equal to the sum of the purchase price (other than the related Group 1 Swap Optional Termination Payment) and the Group 1 Estimated Swap Termination Payment, and (ii) if Trustee is notified in writing that the aggregate Stated Principal Balance of all of the Group 1 Loans in the Trust Fund as of the related Determination Date is not more than 10% of the aggregate Cut-off Date Balance of all of the Group 1 Loans, and the requirements of the Group 1 Optional Termination set forth in this Section 9.01 have been met, including the deposit required pursuant to the immediately preceding clause (i) then the Trustee shall, on the same Business Day, provide written notice to the the Depositor, the Certificate Insurer, the Master Servicer, the Trustee on behalf of the Group 1 Supplemental Interest Trust, the Trustee and the Group 1 Swap Provider confirming (in accordance with the applicable provisions of the Group 1 Interest Rate Swap Agreement) its receipt of the purchase price (other than the Group 1 Swap Optional Termination Payment) and the Group 1 Estimated Swap Termination Payment. Upon the Trustee’s providing the notice described in the preceding sentence, the Group 1 Optional Termination shall become irrevocable, the notice to the related Certificateholders of such Group 1 Optional Termination provided pursuant to the second paragraph of Section 9.01(k) shall become unrescindable, the Group 1 Swap Provider shall determine the Group 1 Swap Optional Termination Payment in accordance with the Group 1 Interest Rate Swap Agreement, and the Group 1 Swap Provider shall provide to the Trustee written notice of the amount of the Group 1 Swap Optional Termination Payment not later than one Business Day prior to the final Distribution Date specified in the notice required pursuant to Section 9.01(k) and in the event the Trustee fails to provide the notice described in the preceding sentence, any notice provided under Section 9.01(k) shall be deemed rescinded.

(e) In connection with any Group 1 Optional Termination, only an amount equal to the purchase price less any Group 1 Swap Optional Termination Payment and less any amounts payable to the Certificate Insurer shall be made available for distribution to the related Regular Certificates; provided that the amount to be distributed to the Class 1-AM Certificates and to the Certificate Insurer must be sufficient to not result in a draw on the Certificate Guaranty Insurance Policy and not leave any amount owed to the Certificate Insurer unpaid. Any Group 1 Estimated Swap Termination Payment deposited into the Certificate Account by the Master Servicer shall be withdrawn by the Trustee from the Certificate Account on the related final Distribution Date (prior to the distribution of any amounts pursuant to Section 9.01(k)) and distributed as follows: (i) to the Group 1 Supplemental Interest Trust for payment to the Group 1 Swap Provider in accordance with Section 4.10(ii), as applicable, an amount equal to the Group 1 Swap Optional Termination Amount calculated pursuant to the Group 1 Interest Rate Swap Agreement, provided that in no event shall the amount distributed to the Group 1 Swap Provider in respect of the Group 1 Swap Optional Termination Amount exceed the Group 1 Estimated Swap Termination Payment, and (ii) to the Master Servicer an amount equal to the excess, if any, of the Group 1 Estimated Swap Termination Payment over the Group 1 Swap Optional Termination Payment. The Group 1 Swap Optional Termination Payment shall not be part of any REMIC and shall not be paid into any account which is part of any REMIC.

190

(f) Subject to Section 9.03, the respective obligations and responsibilities of the Depositor, the Master Servicer and the Trustee created hereby (other than the obligations of the Master Servicer to the Trustee pursuant to Section 8.05 and of the Master Servicer to provide for and the Trustee to make payments to Certificateholders as hereafter set forth) shall terminate, with respect to Loan Group 2, upon payment to the related Certificateholders of all amounts held by or on behalf of the Trustee and required to be paid to them hereunder following the earlier to occur of (i) the repurchase by the Master Servicer or its designee of all Group 2 Loans and each related REO Property in respect thereof remaining in the Trust Fund at a price in cash equal to (a) 100% of the unpaid principal balance of each such Mortgage Loan in Loan Group 2 (other than one as to which a REO Property was acquired) on the day of repurchase together with accrued interest on such unpaid principal balance at the Group 2 Net Mortgage Rate to the first day of the month in which the proceeds of such repurchase are to be distributed, plus (b) the appraised value of any such REO Property (but not more than the unpaid principal balance of the related Mortgage Loan, together with accrued interest on that balance at the Group 2 Net Mortgage Rate to the first day of the month such repurchase price is distributed), less the good faith estimate of the Master Servicer of liquidation expenses to be incurred in connection with its disposal thereof, such appraisal to be conducted by an appraiser selected by the Master Servicer and at the expense of the Master Servicer, plus (c) any Group 2 Swap Termination Payment (which shall include any Group 2 Net Swap Payment payable for the final Distribution Date) payable to the Group 2 Swap Provider pursuant to the related Group 2 Interest Rate Swap Agreement which remains unpaid or which is due to the exercise of such option (a “Group 2 Swap Optional Termination Payment”) and plus (d) any unreimbursed amounts owed to the Certificate Insurer under the Certificate Guaranty Insurance Policy, the Insurance Agreement and this Agreement, and (ii) the final payment or other liquidation (or any Advance with respect thereto) of the last Mortgage Loan in Loan Group 2 remaining in the Trust Fund (or the disposition of all REO Property in respect thereof); provided, however, that in no event shall the trust created hereby continue beyond the earlier of (i) the Distribution Date occurring in December 2036 (ii) the expiration of 21 years from the death of the last survivor of the descendants of Xxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. Xxxxx, living on the date hereof and (iii) the “latest possible maturity date” specified in the Preliminary Statements with respect to the related Regular Interests and Certificates, and provided further, that the purchase price set forth above shall be increased as is necessary, as determined by the Master Servicer, to avoid disqualification of any of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 as a REMIC. In the case of any repurchase by the Master Servicer pursuant to clause (i), the Master Servicer shall exercise reasonable efforts to cooperate fully with the Trustee in effecting such repurchase and the transfer of the Group 2 Loans and related Mortgage Files and related records to the Master Servicer.

191

The right of the Master Servicer or its designee to repurchase all Group 2 Loans pursuant to (f)(i) above shall be conditioned upon the Aggregate Stated Principal Balance of such Mortgage Loans at the time of any such repurchase aggregating to an amount equal to or less than 10% of the Group 2 Cut-off Date Balance of such Mortgage Loans; provided, however, that no such purchase will be permitted if it would result in a draw on the Certificate Guaranty Insurance Policy or any amounts owed to the Certificate Insurer would remain unpaid, unless the Certificate Insurer consents in writing to such purchase. If such right is exercised, the Master Servicer upon such repurchase shall provide to the Trustee and the Certificate Insurer, notice of such exercise prior to the Determination Date in the month preceding the month of purchase and the certification required by Section 3.16.

In the case of a repurchase of Mortgage Loans and REO Property related to Loan Group 2 pursuant to clause (f)(i) above, only an amount equal to the repurchase price specified in such clause (f)(i) above for such Mortgage Loans and REO Property, less any related Group 2 Swap Optional Termination Payment and any portion of the repurchase price consisting of the unreimbursed amounts owed to the Certificate Insurer, shall be made available for distribution to the related Regular Certificates and Class 2-IO Interests. The Group 2 Swap Optional Termination Payment shall be withdrawn by the Trustee from the Certificate Account and remitted to the Group 2 Supplemental Interest Trust to be paid in accordance with Section 4.11(ii). The Group 2 Swap Optional Termination Payment shall not be part of any REMIC and shall not be paid into any account which is part of any REMIC.

(g) The Master Servicer has the right to repurchase all of the Mortgage Loans and related REO Properties pursuant to clause (i) of Section 9.01(f), conditioned upon the related Aggregate Stated Principal Balance of such Group 2 Loans at the time of any such repurchase aggregating to an amount equal to or less than 10% of the Group 2 Cut-off Date Balance. If the Master Servicer elects to terminate the Trust pursuant to this Section 9.01 (such termination, a “Group 2 Optional Termination”), the Master Servicer shall, at least 20 days prior to the last date on which notice of such Group 2 Optional Termination is required to be mailed to the related Certificateholders pursuant to Section 9.01(k), notify in writing (which may be done in electronic format) the Depositor, the Master Servicer, the Trustee and the Group 2 Swap Provider of the final Distribution Date on which the Master Servicer intends to terminate the Trust Fund.

(h) In connection with any Group 2 Optional Termination, four Business Days prior to the final Distribution Date specified in the notice required pursuant to Section 9.01(k), the Master Servicer shall, no later than 4:00 pm New York City time on such day, request in writing (in accordance with the applicable provision of the Group 2 Interest Rate Swap Agreement) and by phone from the Group 2 Swap Provider the amount of the related Group 2 Estimated Swap Termination Payment. The Group 2 Swap Provider shall, no later than 2:00 pm on the following Business Day, notify in writing (which may be done in electronic format) the Trustee of the amount of the Group 2 Estimated Swap Termination Payment; the Trustee shall promptly on the same day notify the Master Servicer of the amount of the related Group 2 Estimated Swap Termination Payment.

192

(i) Two Business Days prior to the final Distribution Date specified in the notice required pursuant to Section 9.01(k), (i) the Master Servicer shall, no later than 1:00 pm New York City time on such day, deposit funds in the Certificate Account in an amount equal to the sum of the purchase price (other than the related Group 2 Swap Optional Termination Payment) and the Group 2 Estimated Swap Termination Payment, and (ii) if Trustee is notified in writing that the aggregate Stated Principal Balance of all of the Group 2 Loans in the Trust Fund as of the related Determination Date is not more than 10% of the aggregate Cut-off Date Balance of all of the Group 2 Loans, and the requirements of the Group 2 Optional Termination set forth in this Section 9.01 have been met, including the deposit required pursuant to the immediately preceding clause (i) then the Trustee shall, on the same Business Day, provide written notice to the the Depositor, the Certificate Insurer, the Master Servicer, the Trustee on behalf of the Group 2 Supplemental Interest Trust, the Trustee and the Group 2 Swap Provider confirming (in accordance with the applicable provisions of the Group 2 Interest Rate Swap Agreement) its receipt of the purchase price (other than the Group 2 Swap Optional Termination Payment) and the Group 2 Estimated Swap Termination Payment. Upon the Trustee’s providing the notice described in the preceding sentence, the Group 2 Optional Termination shall become irrevocable, the notice to the related Certificateholders of such Group 2 Optional Termination provided pursuant to the second paragraph of Section 9.01(k) shall become unrescindable, the Group 2 Swap Provider shall determine the Group 2 Swap Optional Termination Payment in accordance with the Group 2 Interest Rate Swap Agreement, and the Group 2 Swap Provider shall provide to the Trustee written notice of the amount of the Group 2 Swap Optional Termination Payment not later than one Business Day prior to the final Distribution Date specified in the notice required pursuant to Section 9.01(k) and in the event the Trustee fails to provide the notice described in the preceding sentence, any notice provided under Section 9.01(k) shall be deemed rescinded.

(j) In connection with any Group 2 Optional Termination, only an amount equal to the purchase price less any Group 2 Swap Optional Termination Payment and less any amounts payable to the Certificate Insurer shall be made available for distribution to the related Regular Certificates; provided that the amount to be distributed to the Class 2-A Certificates and to the Certificate Insurer must be sufficient to not result in a draw on the Certificate Guaranty Insurance Policy and not leave any amount owed to the Certificate Insurer unpaid. Any Group 2 Estimated Swap Termination Payment deposited into the Certificate Account by the Master Servicer shall be withdrawn by the Trustee from the Certificate Account on the related final Distribution Date (prior to the distribution of any amounts pursuant to Section 9.01(k)) and distributed as follows: (i) to the Group 2 Supplemental Interest Trust for payment to the Group 2 Swap Provider in accordance with Section Section 4.11(ii), as applicable, an amount equal to the Group 2 Swap Optional Termination Amount calculated pursuant to the Group 2 Interest Rate Swap Agreement, provided that in no event shall the amount distributed to the Group 2 Swap Provider in respect of the Group 2 Swap Optional Termination Amount exceed the Group 2 Estimated Swap Termination Payment, and (ii) to the Master Servicer an amount equal to the excess, if any, of the Group 2 Estimated Swap Termination Payment over the Group 2 Swap Optional Termination Payment. The Group 2 Swap Optional Termination Payment shall not be part of any REMIC and shall not be paid into any account which is part of any REMIC.

193

(k) Written notice of any termination, specifying the Distribution Date upon which the related Certificateholders may surrender their Certificates to the Trustee for payment of the final distribution and cancellation, shall be given promptly by the Trustee by letter to the related Certificateholders, the Swap Providers and the Certificate Insurer mailed (a) in the event such notice is given in connection with the Master Servicer's election to repurchase, not earlier than the 15th day and not later than the 25th day of the month next preceding the month of such final distribution or (b) otherwise during the month of such final distribution on or before the 15th day of the month (or if such 15th day is not a Business Day, on the Business Day immediately preceding such 15th day) in such month, in each case specifying (i) the Distribution Date upon which final payment of such Certificates will be made upon presentation and surrender of Certificates at the office of the Trustee therein designated, (ii) the amount of any such final payment and (iii) that the Record Date otherwise applicable to such Distribution Date is not applicable, payments being made only upon presentation and surrender of such Certificates at the office of the Trustee therein specified. In the event such notice is given in connection with the Master Servicer or its designee's election to repurchase, the Master Servicer or its designee shall deliver to the Trustee for deposit in the Certificate Account on the day which is two Business Days immediately preceding the Distribution Date specified in such notice an amount equal to the above-described repurchase price payable out of its own funds. Upon presentation and surrender of the related Certificates by the Certificateholders, the Trustee shall first, pay itself its fee for such Distribution Date (as described in Section 8.05 ) and any other amounts owing to the Trustee under this Agreement, and second, distribute to such Certificateholders and the Certificate Insurer (i) the amount otherwise distributable on such Distribution Date, if not in connection with the Master Servicer's election to repurchase, or (ii) if the Master Servicer elected to so repurchase, an amount determined as follows: with respect to each related Regular Certificate, the outstanding Certificate Principal Balance thereof, plus with respect to each Regular Certificate (other than the Class P Certificates) and the related Class IO Interest, one month's interest thereon at the applicable Pass-Through Rate, or otherwise distributable thereto, and any Unpaid Interest Shortfall Amount, plus with respect to each Subordinate Certificate, any unpaid Allocated Realized Loss Amount; with respect to the Class R Certificates, the Percentage Interest evidenced thereby multiplied by the difference, if any, between the above described repurchase price (as adjusted in accordance with the preceding paragraph) and the aggregate amount to be distributed to the Holders of the related Regular Certificates and the related Class IO Interest, subject to the priorities set forth in Section 4.01; and with respect to the Certificate Insurer, any amounts owed under the Certificate Guaranty Insurance Policy, the Insurance Agreement and this Agreement. Upon certification to the Trustee and the Custodian by a Servicing Officer, following such final deposit, the Custodian shall promptly release the Mortgage Files as directed by the Master Servicer for the remaining Mortgage Loans, and the Trustee shall execute all assignments, endorsements and other instruments required by the Master Servicer as being necessary to effectuate such transfer.

In the event that all of the related Certificateholders shall not surrender their Certificates for cancellation within six months after the time specified in the above-mentioned notice, the Trustee shall give a second notice to the remaining related Certificateholders to surrender their Certificates for cancellation and receive the final distribution with respect thereto. If within six months after the second notice all of the related Certificates shall not have been surrendered for cancellation, the Trustee shall take reasonable steps as directed by the Depositor in writing, or appoint an agent to take reasonable steps, to contact the remaining related Certificateholders concerning surrender of their Certificates, and the cost thereof shall be paid out of the funds and other assets which remain subject hereto. If within nine months after the second notice all the Certificates shall not have been surrendered for cancellation, the Class R Certificateholders shall be entitled to all unclaimed funds and other assets which remain subject hereto.

194

Section 9.02. Termination of REMIC 4 and Retirement of Class R Certificates.

REMIC 4 shall be terminated on the earlier of (i) the date on which the last distribution due on each of the REMIC 4 Regular Interests and Class R Certificates (in respect of the Class R-4 Interest) is made and (ii) the date on which it is terminated pursuant to an optional repurchase of all of the Mortgage Loans in accordance with Section 9.03. Notwithstanding anything to the contrary herein, the Class R Certificates will not be retired until the later of (i) the retirement of all the Certificates related to Loan Group 1 and (ii) the retirement of all the Certificates related to Loan Group 2.

Section 9.03. Additional Termination Requirements.

(a) In the event the Master Servicer repurchases any Mortgage Loans or REO Property in a Loan Group as provided in Section 9.01, the Trust Fund shall be terminated in accordance with the following additional requirements, unless the Master Servicer, at its own expense, obtains for the Trustee an Opinion of Counsel (which shall be provided to the Trustee at least two Business Days prior to the related Distribution Date) to the effect that the failure of the Trust Fund to comply with the requirements of this Section 9.03 will not (i) result in the imposition on the Trust of taxes on “prohibited transactions,” as described in Section 860F of the Code, or (ii) cause either REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to fail to qualify as a REMIC at any time that any Certificate is outstanding:

(i) The Master Servicer shall establish a 90-day liquidation period and notify the Trustee in writing thereof, and the Trustee shall in turn specify the first day of such period in a statement attached to the Tax Return for each of REMIC 1, REMIC 2, REMIC 3 or REMIC 4, as the case may be, pursuant to Treasury Regulation Section 1.860F-1. The Master Servicer and the Trustee also shall satisfy all of the requirements of a qualified liquidation for REMIC 1, REMIC 2, REMIC 3 or REMIC 4, as the case may be, under Section 860F of the Code and regulations thereunder, as evidenced by an Opinion of Counsel obtained at the expense of the Master Servicer, as applicable;

(ii) During such 90-day liquidation period, and at or prior to the time of making the final payment on the related Certificates, the Trustee shall sell all of the assets of REMIC 1 or REMIC 2, as the case may be, for cash; and

195

(iii) At the time of the making of the final payment on the related Certificates, the Trustee shall distribute or credit, or cause to be distributed or credited, to the Holders of the Class R Certificates all cash on hand (other than cash retained to meet claims), and REMIC 1, REMIC 2, REMIC 3 or REMIC 4, as the case may be, shall terminate at that time.

(b) By their acceptance of the Certificates, the Holders thereof hereby authorize the adoption of a 90-day liquidation period and the adoption of a plan of complete liquidation for the related REMICs, which authorization shall be binding upon all successor Certificateholders.

(c) The Trustee as agent for each REMIC hereby agrees to adopt and sign such a plan of complete liquidation meeting the requirements for a qualified liquidation under Section 860F of the Code and any regulations thereunder upon the written request of the Master Servicer and the receipt of the Opinion of Counsel referred to in clause (a)(i) above and to take such other action in connection therewith as may be reasonably requested by the Master Servicer.

196

ARTICLE X

REMIC PROVISIONS

Section 10.01. REMIC Administration.

(a) The Trustee shall make an election to treat the Trust Fund as four REMICs under the Code and, if necessary, under applicable state law. Each such election will be made on Form 1066 or other appropriate federal tax or information return (including Form 8811) or any appropriate state return for the taxable year ending on the last day of the calendar year in which the Certificates are issued. For the purposes of the REMIC elections in respect of the Trust Fund, (i) the Class R-1 Interest will constitute the sole class of Residual Interests in REMIC 1, the REMIC 1 Regular Interests shall be designated as the Regular Interests in REMIC 1 (ii) the Class R-2 Interest will constitute the sole class of Residual Interests in REMIC 2, the REMIC 2 Regular Interests shall be designated as the Regular Interests in REMIC 2, (iii) the Class R-3 Interest will constitute the sole class of Residual Interests in REMIC 3, the REMIC 3 Regular Interests shall be designated as the Regular Interests in REMIC 3, (iv) the Class R-4 Interest will constitute the sole class of Residual Interests in REMIC 4, and the REMIC 4 Regular Interests shall be designated as the Regular Interests in REMIC 4. The Master Servicer and the Trustee shall not permit the creation of any “interests” (within the meaning of Section 860G of the Code) in REMIC 1, REMIC 2, REMIC 3 or REMIC 4 other than the REMIC 1 Regular Interests, REMIC 2 Regular Interests, REMIC 3 Regular Interests, REMIC 4 Regular Interests, the Class R-1 Interest, the Class R-2 Interest, the Class R-3 Interest and the Class R-4 Interest. The Trustee will apply for an Employee Identification Number from the Internal Revenue Service via Form SS-4 or any other acceptable method for each of REMIC 1, REMIC 2, REMIC 3 or REMIC 4.

(b) The Closing Date is hereby designated as the “startup day” of the Trust Fund within the meaning of Section 860G(a)(9) of the Code.

(c) The Trustee shall pay out of its own funds, without any right of reimbursement, any and all expenses relating to any tax audit of the REMICs (including, but not limited to, any professional fees or any administrative or judicial proceedings with respect to the REMICs that involve the Internal Revenue Service or state tax authorities), other than the expense of obtaining any tax-related Opinion of Counsel except as specified herein. The Trustee, as agent for the REMICs' Tax Matters Person, shall (i) act on behalf of the REMICs in relation to any tax matter or controversy involving the Trust Fund and (ii) represent the Trust Fund in any administrative or judicial proceeding relating to an examination or audit by any governmental taxing authority with respect thereto.

(d) The Trustee shall prepare, sign and file all of the Tax Returns (including Form 8811, which must be filed within 30 days of the Closing Date) in respect of the REMICs created hereunder. The expenses of preparing and filing such returns shall be borne by the Trustee without any right of reimbursement therefor. The Master Servicer shall provide on a timely basis to the Trustee or its designee such information with respect to the assets of the REMICs as is in its possession and reasonably required by the Trustee to enable it to perform its obligations under this Article X.

197

(e) The Trustee shall perform on behalf of the REMICs all reporting and other tax compliance duties that are the responsibility of the REMICs under the Code, the REMIC Provisions or other compliance guidance issued by the Internal Revenue Service or any state or local taxing authority. Among its other duties, as required by the Code, the REMIC Provisions or other such compliance guidance, the Trustee shall provide (i) to any Transferor of a Class R Certificate such information as is necessary for the application of any tax relating to the transfer of a Class R Certificate to any Person who is not a Permitted Transferee, (ii) to the Certificateholders such information or reports as are required by the Code or the REMIC Provisions including reports relating to interest, original issue discount and market discount or premium (using the Prepayment Assumption as required) and (iii) to the Internal Revenue Service the name, title, address and telephone number of the Person who will serve as the representative of the REMICs. The Master Servicer shall provide on a timely basis to the Trustee such information with respect to the assets of the REMICs, including, without limitation, the related Mortgage Loans, as is in its possession and reasonably required by the Trustee to enable it to perform its obligations under this subsection. In addition, the Depositor shall provide or cause to be provided to the Trustee, within ten (10) days after the Closing Date, all information or data that the Trustee reasonably determines to be relevant for tax purposes as to the valuations and issue prices of the Certificates, including, without limitation, the price, yield, Prepayment Assumption and projected cash flow of the Certificates.

(f) The Trustee shall take such action and shall cause the REMICs created hereunder to take such action as shall be necessary to create or maintain the status thereof as REMICs under the REMIC Provisions (and the Master Servicer shall assist it, to the extent reasonably requested by it). The Trustee shall not take any action or cause the Trust Fund to take any action, or fail to take (or fail to cause to be taken), any action that, under the REMIC Provisions, if taken or not taken, as the case may be, could (i) endanger the status of the REMIC 1, REMIC 2, REMIC 3 or REMIC 4 as REMICs or (ii) result in the imposition of a tax upon the REMICs (including but not limited to the tax on prohibited transactions as defined in Section 860F(a)(2) of the Code and the tax on contributions to a REMIC set forth in Section 860G(d) of the Code) (either such event, an “Adverse REMIC Event”) unless the Trustee has received an Opinion of Counsel, addressed to the Trustee (at the expense of the party seeking to take or not take such action, but in no event at the expense of the Trustee) to the effect that the contemplated action or omission will not, with respect to the REMICs created hereunder, endanger such status or result in the imposition of such a tax; nor shall the Master Servicer take, or fail to take, any action (whether or not authorized hereunder) as to which the Trustee has advised it in writing that it has received an Opinion of Counsel to the effect that an Adverse REMIC Event could occur with respect to the taking, or omission of, such action. In addition, prior to taking, or failing to take, any action with respect to the REMICs or the assets of the REMICs, or causing, or failing to cause, the REMICs to take any action, which is not contemplated under the terms of this Agreement, the Master Servicer will consult with the Trustee or its designee, in writing, with respect to whether the taking, or omission of, such action could cause an Adverse REMIC Event to occur with respect to any REMIC, and the Master Servicer shall not take, or fail to take, any such action, or cause, or fail to cause, any REMIC to take, any such action as to which the Trustee has advised it in writing that an Adverse REMIC Event could occur. The Trustee may consult with counsel to provide such written advice, and the cost of same shall be borne by the party seeking to take or not take the action other than as permitted by this Agreement, but in no event shall such cost be an expense of the Trustee. At all times as may be required by the Code, the Trustee will ensure that substantially all of the assets of the REMICs created hereunder will consist of “qualified mortgages” as defined in Section 860G(a)(3) of the Code and “permitted investments” as defined in Section 860G(a)(5) of the Code.

198

(g) In the event that any tax is imposed on “prohibited transactions” of any REMIC created hereunder as defined in Section 860F(a)(2) of the Code, on the “net income from foreclosure property” of any REMIC as defined in Section 860G(c) of the Code, on any contributions to any REMIC after the Startup Day therefor pursuant to Section 860G(d) of the Code, or any other tax is imposed by the Code or any applicable provisions of state or local tax laws, such tax shall be charged (i) to the Trustee pursuant to Section 10.03 hereof, if such tax arises out of or results from a breach by the Trustee of any of its obligations under this Article X, (ii) to the Master Servicer pursuant to Section 10.03 hereof, if such tax arises out of or results from a breach by the Master Servicer of any of its obligations under Article III or this Article X or otherwise, (iii) to the Master Servicer as provided in Section 3.05 and (iv) against amounts related to such REMIC and the Loan Group to which such REMIC relates on deposit in the Certificate Account and shall be paid by withdrawal therefrom to the extent not required to be paid by the Master Servicer or the Trustee pursuant to another provision of this Agreement.

(h) On or before April 15 of each calendar year, commencing April 15, 2007, the Trustee shall deliver to the Master Servicer and the Rating Agency a Certificate from a Responsible Officer of the Trustee stating the Trustee’s compliance with this Article X.

(i) The Trustee shall, for federal income tax purposes, maintain books and records with respect to the REMICs on a calendar year and on an accrual basis.

(j) Following the Startup Day, the Trustee shall not accept any contributions of assets to the REMICs other than in connection with any Qualified Substitute Mortgage Loan delivered in accordance with Section 2.04 unless it shall have received an Opinion of Counsel to the effect that the inclusion of such assets in the REMICs will not cause REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to fail to qualify as REMICs at any time that any Certificates are outstanding or subject either REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to any tax under the REMIC Provisions or other applicable provisions of federal, state and local law or ordinances.

199

(k) Neither the Trustee nor the Master Servicer shall enter into any arrangement under which the REMICs will receive a fee or other compensation for services nor permit the REMICs to receive any income from assets other than “qualified mortgages” as defined in Section 860G(a)(3) of the Code or “permitted investments” as defined in Section 860G(a)(5) of the Code.

Section 10.02. Prohibited Transactions and Activities.

None of the Depositor, the Master Servicer or the Trustee shall (except as otherwise expressly permitted under the terms of this Agreement) (1) sell, dispose of or substitute for any of the Mortgage Loans (except in connection with (i) the foreclosure of a Mortgage Loan, including but not limited to, the acquisition or sale of a Mortgaged Property acquired by deed in lieu of foreclosure, (ii) the bankruptcy of the Trust Fund, (iii) the termination of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 pursuant to Article IX of this Agreement, (iv) a substitution pursuant to Article II of this Agreement or (v) a purchase of defective or defaulted Mortgage Loans pursuant to Article II or III of this Agreement), nor acquire any assets for the Trust Fund (other than REO Property acquired in respect of a defaulted Mortgage Loan), (2) sell or dispose of any investments in the Custodial Account or the Certificate Account for gain, (3) accept any contributions to the REMICs after the Closing Date (other than a Qualified Substitute Mortgage Loan delivered in accordance with Section 2.04), in each case, unless it has received an Opinion of Counsel, addressed to the Trustee (at the expense of the party seeking to cause such sale, disposition, substitution, acquisition or contribution, but in no event at the expense of the Trustee) that such sale, disposition, substitution, acquisition or contribution will not (a) affect adversely the status of REMIC 1, REMIC 2, REMIC 3 or REMIC 4 as REMICs or (b) cause the Trust Fund to be subject to a tax on “prohibited transactions” or “contributions” pursuant to the REMIC Provisions.

Section 10.03. Master Servicer and Trustee Indemnification.

(a) The Trustee agrees to indemnify the Trust Fund, the Depositor, and the Master Servicer for any taxes and costs including, without limitation, any reasonable attorneys' fees imposed on or incurred by the Trust Fund, the Depositor or the Master Servicer, as a result of a breach of the Trustee’s covenants set forth in this Article X.

(b) The Master Servicer agrees to indemnify the Trust Fund, the Depositor and the Trustee for any taxes and costs including, without limitation, any reasonable attorneys' fees imposed on or incurred by the Trust Fund, the Certificate Insurer, the Depositor or the Trustee, as a result of a breach of the Master Servicer's covenants set forth in Article III or this Article X, in each case with respect to compliance with the REMIC Provisions.

200

ARTICLE XI

MISCELLANEOUS PROVISIONS

Section 11.01. Amendment.

This Agreement may be amended from time to time by the Depositor, the Master Servicer and the Trustee, with the consent of the Certificate Insurer (so long as no Insurer Default has occurred and is continuing) without the consent of any of the Certificateholders or the Swap Provider, (i) to cure any ambiguity, (ii) to correct or supplement any provisions herein which may be defective or inconsistent with any other provisions herein or to correct any error, (iii) to amend this Agreement in any respect subject to the provisions in clauses (A) and (B) below, or (iv) if such amendment, as evidenced by an Opinion of Counsel (provided by the Person requesting such amendment) delivered to the Trustee, is reasonably necessary to comply with any requirements imposed by the Code or any successor or amendatory statute or any temporary or final regulation, revenue ruling, revenue procedure or other written official announcement or interpretation relating to federal income tax laws or any proposed such action which, if made effective, would apply retroactively to the Trust Fund at least from the effective date of such amendment; provided that such action (except any amendment described in (iv) above) shall not adversely affect in any material respect the interests of any Certificateholder (other than Certificateholders who shall consent to such amendment), the Certificate Insurer (if an Insurer Default has occurred and is continuing) and the Swap Provider, as evidenced by (A) an Opinion of Counsel (provided by the Person requesting such amendment) delivered to the Trustee, the Swap Provider and the Certificate Insurer and (B) a letter from each Rating Agency, confirming that such amendment shall not cause it to lower its rating on any of the Certificates without taking the Certificate Guaranty Insurance Policy into account.

This Agreement may also be amended from time to time by the Depositor, the Master Servicer and the Trustee with the consent of the Certificate Insurer and Holders of Certificates entitled to at least 66-2/3% of the Voting Rights for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or of modifying in any manner the rights of the Holders of Certificates; provided, however, that no such amendment shall (i) reduce in any manner the amount of, or delay the timing of, payments received on Mortgage Loans which are required to be distributed on any Certificate without the consent of the Holder of such Certificate, (ii) adversely affect in any material respect the interests of the Holders of any Class of Certificates in a manner other than as described in (i), without the consent of the Holders of Certificates of such Class evidencing at least 66-2/3% of the Voting Rights of such Class, or (iii) reduce the aforesaid percentage of Certificates the Holders of which are required to consent to any such amendment, without the consent of the Holders of all Certificates then outstanding. Notwithstanding any other provision of this Agreement, for purposes of the giving or withholding of consents pursuant to this Section 11.01, Certificates registered in the name of the Sponsor or the Master Servicer or any affiliate thereof shall be entitled to Voting Rights with respect to matters described in (i), (ii) and (iii) of this paragraph.

201

Notwithstanding any contrary provision of this Agreement, the Trustee shall not consent to any amendment to this Agreement unless they shall have first received an Opinion of Counsel (provided by the Person requesting such amendment) to the effect that such amendment will not result in the imposition of any tax on either REMIC 1, REMIC 2, REMIC 3 or REMIC 4 pursuant to the REMIC Provisions or cause either REMIC 1, REMIC 2, REMIC 3 or REMIC 4 to fail to qualify as a REMIC at any time that any Certificates are outstanding.

Promptly after the execution of any such amendment the Trustee shall furnish a copy of such amendment or a written statement describing the amendment to each Certificateholder, with a copy to the Rating Agencies, the Certificate Insurer and the Swap Provider.

It shall not be necessary for the consent of Certificateholders under this Section 11.01 to approve the particular form of any proposed amendment, but it shall be sufficient if such consent shall approve the substance thereof. The manner of obtaining such consents and of evidencing the authorization of the execution thereof by Certificateholders shall be subject to such reasonable regulations as the Trustee may prescribe.

Notwithstanding any of the other provisions of this Section 11.01, none of the Depositor, the Master Servicer nor the Trustee shall (i) enter into any amendment to Section 4.09 or Section 4.01(l)(vii) or (m)(vii) of this Agreement without the prior written consent of the Swap Provider or (ii) enter into an amendment of this Agreement, as evidenced by an Officer's Certificate of the Depositor, that could reasonably be expected to have a materially adverse effect on the Swap Provider without the Swap Provider's consent, which consent shall not be unreasonably withheld, conditioned or delayed.

Prior to executing any amendment pursuant to this Section, the Trustee shall be entitled to receive an Opinion of Counsel (provided by the Person requesting such amendment) to the effect that such amendment is authorized or permitted by this Agreement. The cost of any Opinion of Counsel delivered pursuant to this Section 11.01 shall be an expense of the party requesting such amendment, but in any case shall not be an expense of the Trustee.

The Trustee may, but shall not be obligated to, enter into any amendment pursuant to this Section that affects its rights, duties and immunities under this Agreement or otherwise.

Section 11.02. Recordation of Agreement; Counterparts.

To the extent permitted by applicable law, this Agreement is subject to recordation in all appropriate public offices for real property records in all the counties or other comparable jurisdictions in which any or all of the properties subject to the Mortgages are situated, and in any other appropriate public recording office or elsewhere, such recordation to be effected by the Master Servicer at the expense of the Certificateholders, but only upon direction of the Depositor accompanied by an Opinion of Counsel to the effect that such recordation materially and beneficially affects the interests of the Certificateholders.

202

For the purpose of facilitating the recordation of this Agreement as herein provided and for other purposes, this Agreement may be executed simultaneously in any number of counterparts, each of which counterparts shall be deemed to be an original, and such counterparts shall constitute but one and the same instrument.

Section 11.03. Limitation on Rights of Certificateholders.

The death or incapacity of any Certificateholder shall not operate to terminate this Agreement or the Trust Fund, nor entitle such Certificateholder's legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of the Trust Fund, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

No Certificateholder shall have any right to vote (except as expressly provided for herein) or in any manner otherwise control the operation and management of the Trust Fund, or the obligations of the parties hereto, nor shall anything herein set forth, or contained in the terms of the Certificates, be construed so as to constitute the Certificateholders from time to time as partners or members of an association; nor shall any Certificateholder be under any liability to any third party by reason of any action taken by the parties to this Agreement pursuant to any provision hereof.

No Certificateholder shall have any right by virtue of any provision of this Agreement to institute any suit, action or proceeding in equity or at law upon or under or with respect to this Agreement, unless such Holder previously shall have given to the Trustee a notice of an Event of Default, or of a default by the Sponsor or the Trustee in the performance of any obligation hereunder, and of the continuance thereof, as hereinbefore provided, and unless also the Holders of Certificates entitled to at least 51% of the Voting Rights shall have made written request upon the Trustee to institute such action, suit or proceeding in its own name as Trustee hereunder and shall have offered to the Trustee such reasonable indemnity as it may require against the costs, expenses and liabilities to be incurred therein or thereby, and the Trustee, for 60 days after its receipt of such notice, request and offer of indemnity, shall have neglected or refused to institute any such action, suit or proceeding. It is understood and intended, and expressly covenanted by each Certificateholder with every other Certificateholder, the Trustee, that no one or more Holders of Certificates shall have any right in any manner whatever by virtue of any provision of this Agreement to affect, disturb or prejudice the rights of the Holders of any other of such Certificates, or to obtain or seek to obtain priority over or preference to any other such Holder, or to enforce any right under this Agreement, except in the manner herein provided and for the equal, ratable and common benefit of all Certificateholders. For the protection and enforcement of the provisions of this Section, each and every Certificateholder and the Trustee shall be entitled to such relief as can be given either at law or in equity.

203

Section 11.04. Governing Law.

This Agreement and the Certificates shall be construed in accordance with the laws of the State of New York and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws.

Section 11.05. Notices.

All demands, notices and direction hereunder shall be in writing and shall be deemed effective upon receipt when delivered to (a) in the case of the Depositor, 00000 Xxxxxxxx Xxxx, Xxxxxx, Xxxxxxxxxx 00000, Attention: General Counsel, or such other address as may hereafter be furnished to the other parties hereto in writing; (b) in the case of Impac Funding, 00000 Xxxxxxxx Xxxx, Xxxxxx, Xxxxxxxxxx 00000, Attention: General Counsel, or such other address as may hereafter be furnished to the other parties hereto in writing; (c) in the case of the Trustee, to its Corporate Trust Offices, or such other address as may hereafter be furnished to the other parties hereto in writing; (d) in the case of the Rating Agencies, Standard & Poor’s, 00 Xxxxx Xxxxxx, 00^xx Xxxxx, Xxx Xxxx, XX 00000, Attention: Asset Backed Surveillance Department; and Moody’s, Xxxxx’x Investors Service, Inc., Residential Mortgage Monitoring Department, 00 Xxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000; (e) in the case of the Certificate Insurer, Ambac Assurance Corporation, Xxx Xxxxx Xxxxxx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: Consumer Asset-Backed Securities Group or such other address as may be hereafter furnished to the Depositor, the Trustee and the Master Servicer in writing by the Certificate Insurer; or (f) in the case of the Swap Provider, Bank of America, N.A., 000 Xxxxx Xxxxxx Xxxxx, Xxxxx 0000, Xxxxxxx, XX 00000 or such other address as may be hereafter furnished to the Depositor, the Trustee and the Master Servicer in writing by the Swap Provider. Any notice required or permitted to be mailed to a Certificateholder shall be given by first class mail, postage prepaid, at the address of such Holder as shown in the Certificate Register. Any notice so mailed within the time prescribed in this Agreement shall be conclusively presumed to have been duly given, whether or not the Certificateholder receives such notice.

Section 11.06. Severability of Provisions.

If any one or more of the covenants, agreements, provisions or terms of this Agreement shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way affect the validity or enforceability of the other provisions of this Agreement or of the Certificates or the rights of the Holders thereof.

Section 11.07. Successors and Assigns.

The provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors and assigns of the parties hereto, and all such provisions shall inure to the benefit of the Trustee, the Certificate Insurer and the Certificateholders.

204

Section 11.08. Article and Section Headings.

The article and Section headings herein are for convenience of reference only, and shall not limit or otherwise affect the meaning hereof.

Section 11.09. Notice to Rating Agencies.

The Trustee shall use its best efforts to promptly provide notice to each Rating Agency and the Certificate Insurer referred to below with respect to each of the following of which it has actual knowledge:

1. Any material change or amendment to this Agreement;

2. The occurrence of any Event of Default that has not been cured;

3. The resignation or termination of the Master Servicer or the Trustee;

4. The repurchase or substitution of Mortgage Loans pursuant to Section 2.04;

5. The final payment to Certificateholders; and

6. Any change in the location of the Custodial Account or the Certificate Account.

In addition, the Trustee shall promptly furnish to each Rating Agency copies of each report to Certificateholders described in Section 4.02; and the Master Servicer shall promptly furnish to each Rating Agency copies of each annual independent public accountants' servicing report received as described in Section 3.20.

Any such notice pursuant to this Section 11.09 shall be in writing and shall be deemed to have been duly given if personally delivered or mailed by first class mail, postage prepaid, or by express delivery service to (i) in the case of Standard & Poor's, 00 Xxxxx Xxxxxx, 00^xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: Asset Backed Surveillance Department and (ii) in the case of Moody's, Residential Mortgage Monitoring Department, 00 Xxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, or, in each case, such other address as either such Rating Agency may designate in writing to the parties thereto.

Section 11.10. Rights of the Certificate Insurer.

(a) The Certificate Insurer is an express third-party beneficiary of this Agreement.

(b) On each Distribution Date the Trustee shall make available to the Certificate Insurer a copy of the reports made available to the Certificateholders and the Depositor on such Distribution Date.

205

(c) The Trustee shall provide to the Certificate Insurer copies of any report, notice, Opinion of Counsel, Officers’ Certificate, request for consent or request for amendment to any document related hereto promptly upon the Trustee’s production or receipt thereof.

(d) Unless an Insurer Default exists, the Trustee, the Depositor and the Master Servicer shall not agree to any amendment to this Agreement without first having obtained the prior written consent of the Certificate Insurer, which consent shall not be unreasonably withheld.

(e) So long as there does not exist a failure by the Certificate Insurer to make a required payment under the Certificate Guaranty Insurance Policy, the Certificate Insurer will have the right to exercise all rights of the Holders of the Class 1-AM Certificates and the Class 2-A Certificates under this Agreement (including voting rights) without the consent of the Holders.

Section 11.11. Control by the Certificate Insurer.

With respect to the Class 1-AM Certificates and Class 2-A Certificates only, the Certificate Insurer, or, if an Insurer Default exists, the Holders of a majority of the Class 1-AM Certificates and Class 2-A Certificates shall have the right (subject to the provisions of Section 11.03) to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee with respect to the Class 1-AM Certificates and Class 2-A Certificates or exercising any trust or power conferred on the Trustee; provided that:

(i) such direction shall not be in conflict with any rule of law or with this Agreement:

(ii) if an Insurer Default exists, any direction to the Trustee to sell or liquidate the Trust Fund shall be by Holders of Certificates representing not less than 100% of the Certificate Principal Balance of the Certificates;

(iii) the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction of the Holders of Certificates representing a majority of the Certificate Principal Balance of the Certificates.

Notwithstanding the rights of Certificateholders set forth in this Section 11.11 the Trustee need not take any action that it determines might involve it in liability unless such Holders of Certificates or the Certificate Insurer shall have offered security or indemnity satisfactory to the Trustee, against the costs, expenses and liabilities which might be incurred by it in compliance with such request, order or direction.

The Trustee shall not be deemed to have knowledge of an Insurer Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless the Trustee received written notice of such Insurer Default.

206

Section 11.12. Third Party Rights.

The Swap Provider and the Cap Counterparties shall be express third-party beneficiaries of this Agreement to the extent of their express rights to receive payments under this Agreement or any other express rights of the Swap Provider and the Cap Counterparties explicitly stated in this Agreement, and shall have the right to enforce such rights under this Agreement as if the Swap Provider and the Cap Counterparties were parties hereto.

207

IN WITNESS WHEREOF, the Depositor, the Master Servicer and the Trustee have caused their names to be signed hereto by their respective officers thereunto duly authorized all as of the day and year first above written.

IMPAC SECURED ASSETS CORP.,

Depositor

By: /s/ Xxxxxxxx Xxxxxxx
Name: Xxxxxxxx Xxxxxxx
Title: EVP & CFO

IMPAC FUNDING CORPORATION,

Master Servicer

By: /s/ Xxxxxxxx Xxxxxxx

Name: Xxxxxxxx Xxxxxxx

Title: EVP & CFO

DEUTSCHE BANK NATIONAL TRUST COMPANY,

Trustee

By: /s/ Xxxxxx Xxxxx

Name: Xxxxxx Xxxxx

Title: Associate

By: /s/ Xxxxxxx Xxxxxxxx

Name: Xxxxxxx Xxxxxxxx

Title: Vice President

Agreed and accepted to with respect to

its obligations under Section 9.01(a)

IMPAC MORTGAGE HOLDINGS, INC.

(solely with respect to its obligations under

Section 9.01(a))

By: /s/ Xxxxxxxx Xxxxxxx

Name: Xxxxxxxx Xxxxxxx

Title: EVP & CFO

STATE OF CALIFORNIA	)
	) ss.:
COUNTY OF ORANGE	)

On the 29th day of March, 2007, before me, a notary public in and for said State, personally appeared Xxxxxxxx Xxxxxxx, known to me to be a(n) EVP & CFO of Impac Secured Assets Corp., one of the corporations that executed the within instrument, and also known to me to be the person who executed it on behalf of said corporation, and acknowledged to me that such corporation executed the within instrument.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.

/s/ Xxxx Xxxxxxx

Notary Public

[Notarial Seal]

STATE OF CALIFORNIA	)
	) ss.:
COUNTY OF ORANGE	)

On the 29th day of March, 2007, before me, a notary public in and for said State, personally appeared Xxxxxxxx Xxxxxxx, known to me to be a(n) EVP & CFO of Impac Funding Corporation, one of the corporations that executed the within instrument, and also known to me to be the person who executed it on behalf of said corporation, and acknowledged to me that such corporation executed the within instrument.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.

/s/ Xxxx Xxxxxxx

Notary Public

[Notarial Seal]

STATE OF CALIFORNIA	)
	) ss.:
COUNTY OF ORANGE	)

On the 29th day of March, 2007, before me, a notary public in and for said State, personally appeared Xxxxxx Xxxxx, known to me to be a(n) Associate of Deutsche Bank National Trust Company, one of the entities that executed the within instrument, and also known to me to be the person who executed it on behalf of said entity, and acknowledged to me that such corporation executed the within instrument.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.

/s/ Xxxxx Xxxxxx

Notary Public

[Notarial Seal]

STATE OF CALIFORNIA	)
	) ss.:
COUNTY OF ORANGE	)

On the 29th day of March, 2007, before me, a notary public in and for said State, personally appeared Xxxxxxx Xxxxxxxx, known to me to be a(n) Vice President of Deutsche Bank National Trust Company, one of the entities that executed the within instrument, and also known to me to be the person who executed it on behalf of said entity, and acknowledged to me that such corporation executed the within instrument.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.

/s/ Xxxxx Xxxxxx

Notary Public

[Notarial Seal]

STATE OF CALIFORNIA	)
	) ss.:
COUNTY OF ORANGE	)

On the 29th day of March, 2007, before me, a notary public in and for said State, personally appeared Xxxxxxxx Xxxxxxx, known to me to be a(n) EVP & CFO of Impac Mortgage Holdings, Inc., one of the corporations that executed the within instrument, and also known to me to be the person who executed it on behalf of said corporation, and acknowledged to me that such corporation executed the within instrument.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.

/s/ Xxxx Xxxxxxx

Notary Public

[Notarial Seal]

EXHIBIT A

FORM OF CLASS A CERTIFICATE

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).

THIS CERTIFICATE SHALL INITIALLY BE ISSUED AS ONE OR MORE CERTIFICATES REGISTERED IN THE NAME OF THE DEPOSITORY OR ITS NOMINEE AND, EXCEPT AS PROVIDED BELOW, REGISTRATION OF SUCH CERTIFICATES MAY NOT BE TRANSFERRED BY THE TRUSTEE EXCEPT TO ANOTHER DEPOSITORY THAT AGREES TO HOLD SUCH CERTIFICATES FOR THE RESPECTIVE CERTIFICATE OWNERS WITH OWNERSHIP INTERESTS THEREIN. THE CERTIFICATE OWNERS SHALL HOLD THEIR RESPECTIVE OWNERSHIP INTERESTS IN AND TO EACH OF SUCH BOOK-ENTRY CERTIFICATES THROUGH THE BOOK-ENTRY FACILITIES OF THE DEPOSITORY AND, EXCEPT AS PROVIDED BELOW, SHALL NOT BE ENTITLED TO DEFINITIVE CERTIFICATES IN RESPECT OF SUCH OWNERSHIP INTERESTS. ALL TRANSFERS BY CERTIFICATE OWNERS OF THEIR RESPECTIVE OWNERSHIP IN THE BOOK-ENTRY CERTIFICATES SHALL BE MADE IN ACCORDANCE WITH THE PROCEDURES ESTABLISHED BY THE DEPOSITORY PARTICIPANT OR BROKERAGE FIRM REPRESENTING SUCH CERTIFICATE OWNER. EACH DEPOSITORY PARTICIPANT SHALL TRANSFER THE OWNERSHIP INTERESTS ONLY IN THE BOOK-ENTRY CERTIFICATES OF CERTIFICATE OWNERS IT REPRESENTS OR OF BROKERAGE FIRMS FOR WHICH IT ACTS AS AGENT IN ACCORDANCE WITH THE DEPOSITORY’S NORMAL PROCEDURES. THE TRUSTEE SHALL NOT BE REQUIRED TO MONITOR, DETERMINE OR INQUIRE AS TO COMPLIANCE WITH THE TRANSFER RESTRICTIONS WITH RESPECT TO THE BOOK-ENTRY CERTIFICATES, AND THE TRUSTEE SHALL HAVE NO LIABILITY FOR TRANSFERS OF OWNERSHIP INTERESTS IN THE BOOK-ENTRY CERTIFICATES MADE THROUGH THE BOOK-ENTRY FACILITIES OF THE DEPOSITORY OR BETWEEN OR AMONG DEPOSITORY PARTICIPANTS OR CERTIFICATE OWNERS, MADE IN VIOLATION OF THE APPLICABLE RESTRICTIONS.

[FOR THE CLASS 1-A1-[A][B][C] [1-AM] CERTIFICATES] [PRIOR TO THE TERMINATION OF THE GROUP 1 SUPPLEMENTAL INTEREST TRUST, ANY TRANSFEREE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATIONS IN SECTION 5.02(C) OF THE AGREEMENT (AS DEFINED BELOW).]

[FOR THE CLASS 2-A CERTIFICATES] [PRIOR TO THE TERMINATION OF THE GROUP 2 SUPPLEMENTAL INTEREST TRUST, ANY TRANSFEREE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATIONS IN SECTION 5.02(C) OF THE AGREEMENT (AS DEFINED BELOW).]

A-1

Certificate No. 1		Adjustable Pass-Through Rate

Class [1-A1-[A][B][C]] [1-AM] [2-A] Senior

Date of Pooling and Servicing Agreement and Cut-off Date: March 1, 2007		Percentage Interest: [_]%

First Distribution Date: April 25, 2007		Aggregate Initial [Certificate Principal] [Notional] Balance of the Class [1-A1-[A][B][C]] [1-AM] [2-A] Certificates: $[_____________]

Master Servicer:		Initial [Certificate Principal] [Notional]

Impac Funding Corporation		Balance of this Certificate:

		$[____________]

Assumed Final		CUSIP: [_________]
Distribution Date: [_____________], 20__

MORTGAGE PASS-THROUGH CERTIFICATE

SERIES 2007-2

evidencing a percentage interest in the distributions allocable to the Class [1-A1-[A][B][C]] [1-AM] [2-A] Certificates with respect to a Trust Fund consisting primarily of a pool of adjustable-rate and fixed-rate, first and second lien, one-to-four family residential mortgage loans and adjustable-rate and fixed-rate, first lien multifamily and commercial mortgage loans formed and sold by IMPAC SECURED ASSETS CORP.

[For the Class 1-A1-[A][B][C] [1-AM] Certificates] [This Certificate is payable solely from the assets of the Trust Fund, and does not represent an obligation of or interest in Impac Secured Assets Corp., the Master Servicer, the Trustee referred to below or any of their affiliates. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality or by Impac Secured Assets Corp., the Master Servicer, the Trustee or any of their affiliates. None of the Company, the Master Servicer or any of their affiliates will have any obligation with respect to any certificate or other obligation secured by or payable from payments on the Certificates.]

A-2

[For the Class 2-A Certificates] [This Certificate is payable solely from the assets of the Trust Fund and the Certificate Guaranty Insurance Policy, and does not represent an obligation of or interest in Impac Secured Assets Corp., the Master Servicer, the Trustee referred to below or any of their affiliates. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality or by Impac Secured Assets Corp., the Master Servicer, the Trustee or any of their affiliates. None of the Company, the Master Servicer or any of their affiliates will have any obligation with respect to any certificate or other obligation secured by or payable from payments on the Certificates.]

This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the Initial Certificate Principal Balance of this Certificate by the aggregate Initial Certificate Principal Balance of all Class [1-A1-[A][B][C]] [1-AM] [2-A] Certificates, both as specified above) in certain distributions with respect to the Trust Fund consisting primarily of an interest in a pool of adjustable-rate and fixed-rate, first and second lien, one-to-four family residential mortgage loans and adjustable-rate and fixed-rate, first lien multifamily and commercial mortgage loans (the “Mortgage Loans”), formed and sold by Impac Secured Assets Corp. (hereinafter called the “Company,” which term includes any successor entity under the Agreement referred to below). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as specified above (the “Agreement”) among the Company, the Master Servicer and Deutsche Bank National Trust Company, as trustee (the “Trustee”), a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.

Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the “Distribution Date”), commencing as described in the Agreement, to the Person in whose name this Certificate is registered on the Business Day immediately preceding such Distribution Date (the “Record Date”), from the Available Funds in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount of interest and principal, if any, required to be distributed to Holders of Class [1-A1-[A][B][C]] [1-AM] [2-A] Certificates on such Distribution Date.

Distributions on this Certificate will be made either by the Trustee or by a Paying Agent appointed by the Trustee either in immediately available funds (by wire transfer or otherwise) for the account of the Person entitled thereto if such Person shall have so notified the Trustee or such Paying Agent at least 5 Business Days prior to the related Record Date, or by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register.

A-3

Notwithstanding the above, the final distribution on this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose in the City and State of New York. The Initial Certificate Principal Balance of this Certificate is set forth above. The Certificate Principal Balance hereof will be reduced to the extent of distributions allocable to principal.

This Certificate is one of a duly authorized issue of Certificates issued in several Classes designated as Mortgage Pass-Through Certificates of the Series specified hereon (herein collectively called the “Certificates”).

[For the Class 2-A Certificates] [Ambac Assurance Corporation, in consideration of the payment of the premium and subject to the terms of the Certificate Guaranty Insurance Policy, has unconditionally and irrevocably guaranteed the payment of an amount equal to the Insured Amount (as defined in the Certificate Guaranty Insurance Policy) with respect to the Class 2-A Certificates with respect to each Distribution Date.]

The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. In the event the Master Servicer advances funds with respect to any Mortgage Loan, such advance is reimbursable to the Master Servicer, to the extent provided in the Agreement, from related recoveries on such Mortgage Loan or from other cash that would have been distributable to Certificateholders.

As provided in the Agreement, withdrawals from the Custodial Account and/or the Certificate Account created for the benefit of Certificateholders may be made by the Master Servicer from time to time for purposes other than distributions to Certificateholders, such purposes including without limitation reimbursement to the Trustee, the Company and the Master Servicer of advances made, or certain expenses incurred, by either of them.

The Agreement permits, with certain exceptions therein provided, the amendment of the Agreement and the modification of the rights and obligations of the Company, the Master Servicer and the Trustee and the rights of the Certificateholders under the Agreement at any time by the Company, the Master Servicer and the Trustee with the consent of the Holders of Certificates evidencing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates affected thereby and with the consent of the Certificate Insurer. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon the Certificate. The Agreement also permits the amendment thereof in certain circumstances without the consent of the Certificate Insurer and the Holders of any of the Certificates and, in certain additional circumstances, without the consent of the Holders of certain Classes of Certificates.

[For the Class 1-A1-[A][B][C] [1-AM] Certificates] [Prior to the termination of the Group 1 Supplemental Interest Trust, any transferee shall be deemed to have made the representations in Section 5.02(c) of the Agreement.]

[For the Class 2-A Certificates] [Prior to the termination of the Group 2 Supplemental Interest Trust, any transferee shall be deemed to have made the representations in Section 5.02(c) of the Agreement.]

A-4

As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee duly executed by the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest will be issued to the designated transferee or transferees.

The Certificates are issuable only as registered Certificates without coupons in Classes and in denominations specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, Certificates are exchangeable for new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest, as requested by the Holder surrendering the same.

No service charge will be made for any such registration of transfer or exchange, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith.

The Company, the Master Servicer and the Trustee and any agent of the Company, the Master Servicer or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Company, the Master Servicer, the Trustee nor any such agent shall be affected by notice to the contrary.

This Certificate shall be governed by and construed in accordance with the laws of the State of New York.

The Group 1 Certificates are subject to termination in whole, but not in part, by the Master Servicer, on or after the Distribution Date on which the aggregate Stated Principal Balance of the Group 1 Mortgage Loans as of the end of the related Due Period is less than or equal to 10% of the aggregate Stated Principal Balance of the Group 1 Mortgage Loans as of the Cut-off Date. The Group 2 Certificates are subject to termination in whole, but not in part, by the Master Servicer, on or after the Distribution Date on which the aggregate Stated Principal Balance of the Group 2 Mortgage Loans as of the end of the related Due Period is less than or equal to 10% of the aggregate Stated Principal Balance of the Group 2 Mortgage Loans as of the Cut-off Date; provided, however, that no such purchase will be permitted if it would result in a draw on the Certificate Guaranty Insurance Policy, unless the Certificate Insurer consents in writing to such purchase.

Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.

A-5

IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.

Dated: Xxxxx 00, 0000	XXXXXXXX BANK NATIONAL TRUST COMPANY as Trustee
	By:______________________________ Authorized Signatory

CERTIFICATE OF AUTHENTICATION

This is one of the Class [1-A1-[A][B][C]] [1-AM] [2-A] Certificates referred to in the within-mentioned Agreement.

	DEUTSCHE BANK NATIONAL TRUST COMPANY as Trustee
	By:______________________________ Authorized Signatory

A-6

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _____________________________________ (Please print or typewrite name and address including postal zip code of assignee) a Percentage Interest evidenced by the within Mortgage Pass-Through Certificate and hereby authorizes the transfer of registration of such interest to assignee on the Certificate Register of the Trust Fund.

I (We) further direct the Trustee to issue a new Certificate of a like denomination and Class, to the above named assignee and deliver such Certificate to the following address:

Dated:
	Signature by or on behalf of assignor


	Signature Guaranteed

A-7

DISTRIBUTION INSTRUCTIONS

The assignee should include the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately available funds

to &am p;#1 60; ,

for the account of ,

account number___________, or, if mailed by check, to ,

Applicable statements should be mailed to .

This information is provided by ,

the assignee named above, or ,

as its agent.

X-0

XXXXXXX X-0

FORM OF CLASS M CERTIFICATE

THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE SENIOR CERTIFICATES [,] [AND] [THE CLASS 1-M-1 CERTIFICATES] [,] [AND] [THE CLASS 1-M-2 CERTIFICATES] [,] [AND] [THE CLASS 1-M-3 CERTIFICATES] [,] [AND] [THE CLASS 1-M-4 CERTIFICATES] [,] [AND] [THE CLASS 1-M-5 CERTIFICATES] [,] [AND] [THE CLASS 1-M-6 CERTIFICATES] [,] [AND] [THE CLASS 1-M-7 CERTIFICATES] [,] [AND] [THE CLASS 1-M-8 CERTIFICATES] AS DESCRIBED IN THE AGREEMENT (AS DEFINED BELOW).

B-1-1

ANY TRANSFEREE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATIONS SET FORTH IN SECTION 5.02(C) OF THE AGREEMENT (AS DEFINED BELOW).

Certificate No. 1	Adjustable Pass-Through Rate

Class 1-M-[1][2][3][4][5][6][7][8]	Aggregate Initial Certificate Principal
	Balance of the Class 1-M-[1][2][3][4][5][6][7][8] Certificates:

	$[____________]

Date of Pooling and Servicing	Initial Certificate Principal Balance of this Certificate:

Agreement and Cut-off Date:
March 1, 2007	$[____________]

First Distribution Date:	CUSIP: [________]
April 25, 2007

Master Servicer:
Impac Funding Corporation

Assumed Final Distribution Date:
[________ __], 20__

MORTGAGE PASS-THROUGH CERTIFICATE

SERIES 2007-2

evidencing a percentage interest in any distributions allocable to the Class 1-M-[1][2][3][4][5][6][7][8] Certificates with respect to a Trust Fund consisting primarily of a pool of adjustable-rate and fixed-rate, first and second lien, one-to-four family residential mortgage loans and adjustable-rate and fixed-rate, first lien multifamily and commercial mortgage loans formed and sold by IMPAC SECURED ASSETS CORP.

This Certificate is payable solely from the assets of the Trust Fund, and does not represent an obligation of or interest in Impac Secured Assets Corp., the Master Servicer, the Trustee referred to below or any of their affiliates. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality or by Impac Secured Assets Corp., the Master Servicer, the Trustee or any of their affiliates. None of the Company, the Master Servicer or any of their affiliates will have any obligation with respect to any certificate or other obligation secured by or payable from payments on the Certificates.

B-1-2

This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the Initial Certificate Principal Balance of this Certificate by the aggregate Initial Certificate Principal Balance of all Class 1-M-[1][2][3][4][5][6][7][8] Certificates, both as specified above) in certain distributions with respect to a Trust Fund consisting primarily of a pool of adjustable-rate and fixed-rate, first and second lien, one-to-four family residential mortgage loans and adjustable-rate and fixed-rate, first lien multifamily and commercial mortgage loans (the “Mortgage Loans”), formed and sold by Impac Secured Assets Corp. (hereinafter called the “Company,” which term includes any successor entity under the Agreement referred to below). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as specified above (the “Agreement”) among the Company, the Master Servicer and Deutsche Bank National Trust Company, as trustee (the “Trustee”), a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.

Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the “Distribution Date”), commencing as described in the Agreement, to the Person in whose name this Certificate is registered on the Business Day immediately preceding such Distribution Date (the “Record Date”), from the Available Funds in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount of interest and principal, if any, required to be distributed to Holders of Class 1-M-[1][2][3][4][5][6][7][8] Certificates on such Distribution Date.

Any transferee shall be deemed to have made the representations set forth in Section 5.02(c) of the Agreement.

B-1-3

B-1-4

This Certificate shall be governed by and construed in accordance with the laws of the State of New York.

B-1-5

IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.

Dated: Xxxxx 00, 0000	XXXXXXXX BANK NATIONAL TRUST COMPANY as Trustee
	By:______________________________ Authorized Signatory

CERTIFICATE OF AUTHENTICATION

This is one of the Class 1-M-[1][2][3][4][5][6][7][8] Certificates referred to in the within-mentioned Agreement.

	DEUTSCHE BANK NATIONAL TRUST COMPANY as Trustee
	By:______________________________ Authorized Signatory

B-1-6

ASSIGNMENT

I (We) further direct the Trustee to issue a new Certificate of a like denomination and Class, to the above named assignee and deliver such Certificate to the following address:

Dated:
	Signature by or on behalf of assignor


	Signature Guaranteed

B-1-7

DISTRIBUTION INSTRUCTIONS

The assignee should include the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately available funds

to & amp; #160; ,

for the account of ,

account number___________, or, if mailed by check, to ,

Applicable statements should be mailed to .

This information is provided by ,

the assignee named above, or ,

as its agent.

X-0-0

XXXXXXX X-0

FORM OF CLASS B CERTIFICATE

B-2-1

ANY TRANSFEREE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATIONS SET FORTH IN SECTION 5.02(C) OF THE AGREEMENT (AS DEFINED BELOW).

Certificate No. 1	Adjustable Pass-Through Rate

Class 1-B	Aggregate Initial Certificate Principal

	Balance of the Class 1-B Certificates:

	$[____________]

Date of Pooling and Servicing	Initial Certificate Principal Balance of this Certificate:

Agreement and Cut-off Date:

March 1, 2007	$[____________]

First Distribution Date:	CUSIP: [________]

April 25, 2007

Master Servicer:

Impac Funding Corporation

Assumed Final Distribution Date:

[________ __], 20__

MORTGAGE PASS-THROUGH CERTIFICATE

SERIES 2007-2

evidencing a percentage interest in any distributions allocable to the Class 1-B Certificates with respect to a Trust Fund consisting primarily of a pool of adjustable-rate and fixed-rate, first and second lien, one-to-four family residential mortgage loans and adjustable-rate and fixed-rate, first lien multifamily and commercial mortgage loans formed and sold by IMPAC SECURED ASSETS CORP.

B-2-2

This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the Initial Certificate Principal Balance of this Certificate by the aggregate Initial Certificate Principal Balance of all Class 1-B Certificates, both as specified above) in certain distributions with respect to a Trust Fund consisting primarily of a pool of adjustable-rate and fixed-rate, first and second lien, one-to-four family residential mortgage loans and adjustable-rate and fixed-rate, first lien multifamily and commercial mortgage loans (the “Mortgage Loans”), formed and sold by Impac Secured Assets Corp. (hereinafter called the “Company,” which term includes any successor entity under the Agreement referred to below). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as specified above (the “Agreement”) among the Company, the Master Servicer and Deutsche Bank National Trust Company, as trustee (the “Trustee”), a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.

B-2-3

Any transferee shall be deemed to have made the representations set forth in Section 5.02(c) of the Agreement.

No transfer of this Class 1-B Certificate will be made unless such transfer is exempt from the registration requirements of the Securities Act of 1933, as amended, and any applicable state securities laws or is made in accordance with said Act and laws. In the event that such a transfer is to be made, (i) the Trustee shall require an opinion of counsel acceptable to and in form and substance satisfactory to the Trustee that such transfer is exempt (describing the applicable exemption and the basis therefor) from or is being made pursuant to the registration requirements of the Securities Act of 1933, as amended, and of any applicable statute of any state and (ii) the transferee and transferor shall execute a representation letter in the form described by the Agreement. The Holder hereof desiring to effect such transfer shall, and does hereby agree to, indemnify the Trustee, the Company and the Master Servicer against any liability that may result if the transfer is not so exempt or is not made in accordance with such Federal and state laws.

B-2-4

This Certificate shall be governed by and construed in accordance with the laws of the State of New York.

The Group 1 Certificates are subject to termination in whole, but not in part, by the Master Servicer, on or after the Distribution Date on which the aggregate Stated Principal Balance of the Group 1 Mortgage Loans as of the end of the related Due Period is less than or equal to 10% of the aggregate Stated Principal Balance of the Group 1 Mortgage Loans as of the Cut off Date. The Group 2 Certificates are subject to termination in whole, but not in part, by the Master Servicer, on or after the Distribution Date on which the aggregate Stated Principal Balance of the Group 2 Mortgage Loans as of the end of the related Due Period is less than or equal to 10% of the aggregate Stated Principal Balance of the Group 2 Mortgage Loans as of the Cut off Date; provided, however, that no such purchase will be permitted if it would result in a draw on the Certificate Guaranty Insurance Policy, unless the Certificate Insurer consents in writing to such purchase.

B-2-5

IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.

Dated: Xxxxx 00, 0000	XXXXXXXX BANK NATIONAL TRUST COMPANY as Trustee
	By:______________________________ Authorized Signatory

CERTIFICATE OF AUTHENTICATION

This is one of the Class 1-B Certificates referred to in the within-mentioned Agreement.

	DEUTSCHE BANK NATIONAL TRUST COMPANY as Trustee
	By:______________________________ Authorized Signatory

B-2-6

ASSIGNMENT

I (We) further direct the Trustee to issue a new Certificate of a like denomination and Class, to the above named assignee and deliver such Certificate to the following address:

Dated:
	Signature by or on behalf of assignor


	Signature Guaranteed

B-2-7

DISTRIBUTION INSTRUCTIONS

The assignee should include the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately available funds

to & amp; #160; ,

for the account of ,

account number___________, or, if mailed by check, to ,

Applicable statements should be mailed to .

This information is provided by ,

the assignee named above, or ,

as its agent.

X-0-0

XXXXXXX X-0

FORM OF CLASS C CERTIFICATE

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).

THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”). ANY RESALE OR TRANSFER OF THIS CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER THE ACT MAY ONLY BE MADE IN A TRANSACTION EXEMPTED FROM THE REGISTRATION REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH THE PROVISIONS OF THE AGREEMENT REFERRED TO HEREIN.

NO TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR SECTION 4975 OF THE CODE SHALL BE MADE EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED HEREIN.

B-3-1

NO TRANSFER OF THIS CERTIFICATE SHALL BE MADE UNLESS THE PROPOSED TRANSFEREE OF SUCH CERTIFICATE (1) PROVIDES TO THE TRUSTEE THE APPROPRIATE TAX CERTIFICATION FORMS THAT WOULD ELIMINATE ANY WITHHOLDING OR DEDUCTION FOR TAXES FROM AMOUNTS PAYABLE BY THE RELATED SWAP PROVIDER, PURSUANT TO THE RELATED INTEREST RATE SWAP AGREEMENT, AND BY THE RELATED CAP COUNTERPARTY, PURSUANT TO THE RELATED CAP CONTRACTS, TO THE RELATED SUPPLEMENTAL INTEREST TRUST (I.E., IRS FORM W-9 OR IRS FORM W-8BEN, W-8IMY, W-8EXP OR W-8ECI, AS APPLICABLE (OR ANY SUCCESSOR FORM THERETO), TOGETHER WITH ANY APPLICABLE ATTACHMENTS) AND (2) AGREES TO UPDATE SUCH FORMS (A) UPON EXPIRATION OF ANY SUCH FORM, (B) AS REQUIRED UNDER THEN APPLICABLE U.S. TREASURY REGULATIONS AND (C) PROMPTLY UPON LEARNING THAT SUCH FORM HAS BECOME OBSOLETE OR INCORRECT, EACH AS A CONDITION TO SUCH TRANSFER. IN ADDITION, NO TRANSFER OF THIS CERTIFICATE SHALL BE MADE IF SUCH TRANSFER WOULD CAUSE THE SUPPLEMENTAL INTEREST TRUST TO BE BENEFICIALLY OWNED BY TWO OR MORE PERSONS FOR FEDERAL INCOME TAX PURPOSES, OR CONTINUE TO BE SO TREATED, UNLESS (I) EACH PROPOSED TRANSFEREE OF SUCH CERTIFICATE COMPLIES WITH THE FOREGOING CONDITIONS, AND (II) THE PROPOSED MAJORITY HOLDER OF THE CLASS [1][2]-C CERTIFICATES (OR EACH HOLDER, IF THERE IS OR WOULD BE NO MAJORITY HOLDER) (X) PROVIDES, OR CAUSES TO BE PROVIDED, ON BEHALF OF THE RELATED SUPPLEMENTAL INTEREST TRUST, IF APPLICABLE, TO THE TRUSTEE, THE APPROPRIATE TAX CERTIFICATION FORM THAT WOULD BE REQUIRED FROM THE RELATED SUPPLEMENTAL INTEREST TRUST TO ELIMINATE ANY WITHHOLDING OR DEDUCTION FOR TAXES FROM AMOUNTS PAYABLE BY THE RELATED SWAP PROVIDER, PURSUANT TO THE RELATED INTEREST RATE SWAP AGREEMENT, AND BY THE RELATED CAP COUNTERPARTY, PURSUANT TO THE RELATED CAP CONTRACTS, TO THE RELATED SUPPLEMENTAL INTEREST TRUST (I.E., IRS FORM W-9 OR IRS FORM W-8BEN, W-8IMY, W-8EXP OR W-8ECI, AS APPLICABLE (OR ANY SUCCESSOR FORM THERETO), TOGETHER WITH ANY APPLICABLE ATTACHMENTS) AND (Y) AGREES TO UPDATE SUCH FORM (A) UPON EXPIRATION OF SUCH FORM, (B) AS REQUIRED UNDER THEM APPLICABLE U.S. TREASURY REGULATIONS AND (C) PROMPTLY UPON LEARNING THAT SUCH FORM HAS BECOME OBSOLETE OR INCORRECT. UNDER THE AGREEMENT, UPON RECEIPT OF ANY TAX CERTIFICATION FORM PURSUANT TO THESE TRANSFER RESTRICTIONS FROM A HOLDER OF THIS CERTIFICATE, THE TRUSTEE, AS THE RELATED SUPPLEMENTAL INTEREST TRUST TRUSTEE FOR, SHALL FORWARD SUCH TAX CERTIFICATION FORM PROVIDED TO IT TO THE RELATED SWAP PROVIDER AND RELATED CAP COUNTERPARTY. EACH HOLDER OF THIS CERTIFICATE AND EACH TRANSFEREE THEREOF SHALL BE DEEMED TO HAVE CONSENTED TO THE TRUSTEE, AS THE RELATED SUPPLEMENTAL INTEREST TRUST TRUSTEE, FORWARDING TO THE RELATED SWAP PROVIDER AND RELATED CAP COUNTERPARTY ANY TAX CERTIFICATION FORM IT HAS PROVIDED AND UPDATED IN ACCORDANCE WITH THESE TRANSFER RESTRICTIONS. ANY PURPORTED SALES OR TRANSFERS OF THIS CERTIFICATE TO A TRANSFEREE WHICH DOES NOT COMPLY WITH THESE REQUIREMENTS SHALL BE DEEMED NULL AND VOID UNDER THE AGREEMENT.

B-3-2

Certificate No. [ ]

Class [1][2]-C	Aggregate Initial Notional Amount of the Class [1][2]-C Certificates:

	$_____________]

Date of Pooling and Servicing	Initial Notional Amount of this Certificate:

Agreement and Cut-off Date:

March 1, 2007	$[_____________]

First Distribution Date:	Initial Certificate Principal Balance

April 25, 2007	of this Certificate $[_________]

Master Servicer:	Percentage Interest of this

Impac Funding Corporation	Certificate: [___]%

Assumed Final Distribution Date:	CUSIP: [_________]

[_______ ___], 20--

MORTGAGE PASS-THROUGH CERTIFICATE

SERIES 2007-2

evidencing percentage interest in the distributions allocable to the Class [1][2]-C Certificates with respect to a Trust Fund consisting primarily of a pool of adjustable-rate and fixed-rate, first and second lien, one-to-four family residential mortgage loans and adjustable-rate and fixed-rate, first lien multifamily and commercial mortgage loans formed and sold by IMPAC SECURED ASSETS CORP.

This Certificate is payable solely from the assets of the Trust Fund, and does not represent an obligation of or interest in Impac Secured Assets Corp., the Master Servicer, the Trustee referred to below or any of their affiliates. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality or by Impac Secured Assets Corp., the Master Servicer, the Trustee or any of their affiliates. None of the Company, the Master Servicer or any of their affiliates will have any obligation with respect to any certificate or other or obligation secured by or payable from payments on the Certificates.

B-3-3

This certifies that Deutsche Bank National Trust Company is the registered owner of the Percentage Interest evidenced by this Class [1][2]-C Certificate (obtained by dividing the Original Class [1][2]-C Certificate by the Original Class Certificate Principal Balance) in certain distributions with respect to a Trust consisting primarily of the Mortgage Loans deposited by Impac Secured Assets Corp. (the “Company”). The Trust was created pursuant to a Pooling and Servicing Agreement dated as of March 1, 2007 (the “Agreement”) among the Company, as depositor, Impac Funding Corporation, as master servicer (the “Master Servicer”) and Deutsche Bank National Trust Company, as trustee (the “Trustee”). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Class [1][2]-C Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Class [1][2]-C Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.

Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the “Distribution Date”), commencing as described in the Agreement, to the Person in whose name this Certificate is registered at the close of business on the last Business Day of the month immediately preceding the month of such Distribution Date (the “Record Date”), from the Available Distribution Amount in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount (of interest and principal, if any) required to be distributed to Holders of Class [1][2]-C Certificates on such Distribution Date.

B-3-4

No transfer of a Certificate of this Class shall be made unless such transfer is made pursuant to an effective registration statement under the Act and any applicable state securities laws or is exempt from the registration requirements under said Act and such laws. In the event that a transfer is to be made in reliance upon an exemption from the Act and such laws, in order to assure compliance with the act and such laws, the Certificateholder desiring to effect such transfer and such Certificateholder’s prospective transferee shall each certify to the Trustee and the Company in writing the facts surrounding the transfer. In the event that such a transfer is not to be made pursuant to Rule 144A of the act, there shall be delivered to the Trustee and the Company of an Opinion of Counsel that such transfer may be made pursuant to an exemption from the Act, which Opinion of Counsel shall not be obtained at the expense of the Trustee, the Master Servicer or the Company; or there shall be delivered to the Trustee and the Company a transferor certificate by the transferor and an investment letter shall be executed by the transferee. The Holder hereof desiring to effect such transfer shall, and does hereby agree to, indemnify the Trustee and the Company against any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws.

No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any person using Plan Assets to acquire this Certificate shall be made except in accordance with Section 5.02(c) of the Agreement.

B-3-5

This Certificate shall be governed by and construed in accordance with the laws of the State of New York.

B-3-6

IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.

Dated: Xxxxx 00, 0000	XXXXXXXX BANK NATIONAL TRUST COMPANY as Trustee
	By:______________________________ Authorized Signatory

CERTIFICATE OF AUTHENTICATION

This is one of the Class [1][2]-C Certificates referred to in the within-mentioned Agreement.

	DEUTSCHE BANK NATIONAL TRUST COMPANY as Trustee
	By:______________________________ Authorized Signatory

B-3-7

ASSIGNMENT

I (We) further direct the Trustee to issue a new Certificate of a like denomination and Class, to the above named assignee and deliver such Certificate to the following address:

Dated:
	Signature by or on behalf of assignor


	Signature Guaranteed

B-3-8

DISTRIBUTION INSTRUCTIONS

The assignee should include the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately available funds

to & amp; #160; ,

for the account of ,

account number___________, or, if mailed by check, to ,

Applicable statements should be mailed to .

This information is provided by ,

the assignee named above, or ,

as its agent.

X-0-0

XXXXXXX X-0

FORM OF CLASS P CERTIFICATE

B-4-1

Certificate No. [ ]

Class [1][2]-P	Aggregate Initial Certificate Principal

	Balance of the Class [1][2]-P Certificates:

	$[_________]

Date of Pooling and Servicing	Initial Certificate Principal Balance of this Certificate Denomination:

Agreement and Cut-off Date:	$[_________]
March 1, 2007

First Distribution Date:	Percentage Interest of this Certificate:
April 25, 2007	[___]%

Master Servicer:	CUSIP: [_________]
Impac Funding Corporation

Assumed Final Distribution Date:
[________ ___], 20__

MORTGAGE PASS-THROUGH CERTIFICATE

SERIES 2007-2

evidencing a percentage interest in any distributions allocable to the Class [1][2]-P Certificates with respect to a Trust Fund consisting primarily of a pool of adjustable-rate and fixed-rate, first and second lien, one-to-four family residential mortgage loans and adjustable-rate and fixed-rate, first lien multifamily and commercial mortgage loans formed and sold by IMPAC SECURED ASSETS CORP.

This certifies that Deutsche Bank National Trust Company is the registered owner of the Percentage Interest evidenced by this Class [1][2]-P Certificate (obtained by dividing the Denomination of this Class [1][2]-P Certificate by the Original Class Certificate Principal Balance) in certain distributions with respect to a Trust Fund consisting primarily of a pool adjustable-rate and fixed-rate, first and second lien, one-to-four family residential mortgage loans and adjustable-rate and fixed-rate, first lien multifamily and commercial mortgage loans (the “Mortgage Loans”), formed and sold by Impac Secured Assets Corp. (hereinafter called the “Company,” which term includes any successor entity under the Agreement referred to below). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as specified above (the “Agreement”) among the Company, the Master Servicer, Deutsche Bank National Trust Company, as trustee (the “Trustee”), a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement; to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.

B-4-2

Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the “Distribution Date”), commencing as described in the Agreement, to the Person in whose name this Certificate is registered at the close of business on the last Business Day of the month immediately preceding the month of such Distribution Date (the “Record Date”), from the Available Distribution Amount in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount (of Prepayment Charges and principal, if any) required to be distributed to Holders of Class [1][2]-P Certificates on such Distribution Date.

B-4-3

No transfer of a Certificate of this Class shall be made unless such transfer is made pursuant to an effective registration statement under the Act and any applicable state securities laws or is exempt from the registration requirements under said Act and such laws. In the event that a transfer is to be made in reliance upon an exemption from the Act and such laws, in order to assure compliance with the Act and such laws, the Certificateholder desiring to effect such transfer and such Certificateholder’s prospective transferee shall each certify to the Trustee and the Company in writing the facts surrounding the transfer. In the event that such a transfer is not to be made pursuant to Rule 144A of the Act, there shall be delivered to the Trustee and the Company of an Opinion of Counsel that such transfer may be made pursuant to an exemption from the Act, which Opinion of Counsel shall not be obtained at the expense of the Trustee, the Master Servicer or the Company; or there shall be delivered to the Trustee and the Company a transferor certificate by the transferor and an investment letter shall be executed by the transferee. The Holder hereof desiring to effect such transfer shall, and does hereby agree to, indemnify the Trustee and the Company against any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws.

B-4-4

This Certificate shall be governed by and construed in accordance with the laws of the State of New York.

B-4-5

IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.

Dated: Xxxxx 00, 0000	XXXXXXXX BANK NATIONAL TRUST COMPANY as Trustee
	By:______________________________ Authorized Signatory

CERTIFICATE OF AUTHENTICATION

This is one of the Class [1][2]-P Certificates referred to in the within-mentioned Agreement.

	DEUTSCHE BANK NATIONAL TRUST COMPANY as Trustee
	By:______________________________ Authorized Signatory

B-4-6

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto

(Please print or typewrite name and address including postal zip code of assignee)

the Percentage Interest evidenced by the within Certificate and hereby authorizes the transfer of registration of such Percentage Interest to assignee on the Certificate Register of the Trust.

I (We) further direct the Trustee to issue a new Certificate of a like denomination and Class, to the above named assignee and deliver such Certificate to the following address:

Dated:
	Signature by or on behalf of assignor

B-4-7

DISTRIBUTION INSTRUCTIONS

The assignee should include the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately available funds

to & amp; #160; ,

for the account of ,

account number___________, or, if mailed by check, to ,

Applicable statements should be mailed to .

This information is provided by ,

the assignee named above, or ,

as its agent.

X-0-0

XXXXXXX X-0

FORM OF CLASS R CERTIFICATE

THIS CERTIFICATE MAY NOT BE HELD BY OR TRANSFERRED TO A NON-UNITED STATES PERSON OR A DISQUALIFIED ORGANIZATION (AS DEFINED BELOW).

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “RESIDUAL INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).

NO TRANSFER OF THIS CERTIFICATE MAY BE MADE TO ANY PERSON, UNLESS THE TRANSFEREE PROVIDES EITHER A CERTIFICATION PURSUANT TO SECTION 5.02(C) OF THE AGREEMENT OR AN OPINION OF COUNSEL AS PROVIDED IN SECTION 5.02(C) THAT THE PURCHASE OF THIS CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE MASTER SERVICER, THE COMPANY OR THE TRUSTEE TO ANY OBLIGATION OR LIABILITY IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AND SERVICING AGREEMENT (THE “AGREEMENT”).

THIS CLASS R CERTIFICATE HAS NO PRINCIPAL BALANCE, DOES NOT BEAR INTEREST AND WILL NOT RECEIVE ANY DISTRIBUTIONS EXCEPT AS PROVIDED HEREIN.

B-5-1

ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY IF THE PROPOSED TRANSFEREE PROVIDES A TRANSFER AFFIDAVIT TO THE MASTER SERVICER AND THE TRUSTEE THAT (1) SUCH TRANSFEREE IS NOT (A) THE UNITED STATES, ANY STATE OR POLITICAL SUBDIVISION THEREOF, ANY FOREIGN GOVERNMENT, ANY INTERNATIONAL ORGANIZATION, OR ANY AGENCY OR INSTRUMENTALITY OF ANY OF THE FOREGOING, (B) ANY ORGANIZATION (OTHER THAN A COOPERATIVE DESCRIBED IN SECTION 521 OF THE CODE) WHICH IS EXEMPT FROM THE TAX IMPOSED BY CHAPTER 1 OF THE CODE UNLESS SUCH ORGANIZATION IS SUBJECT TO THE TAX IMPOSED BY SECTION 511 OF THE CODE, (C) ANY ORGANIZATION DESCRIBED IN SECTION 1381(A)(2)(C) OF THE CODE, (D) ANY ELECTING LARGE PARTNERSHIP WITHIN THE MEANING OF SECTION 775(A) OF THE CODE (ANY SUCH PERSON DESCRIBED IN THE FOREGOING CLAUSES (A), (B), (C) OR (D) BEING HEREIN REFERRED TO AS A “DISQUALIFIED ORGANIZATION”) OR (D) AN AGENT OF A DISQUALIFIED ORGANIZATION, (2) NO PURPOSE OF SUCH TRANSFER IS TO IMPEDE THE ASSESSMENT OR COLLECTION OF TAX, (3) SUCH TRANSFEREE SATISFIES CERTAIN ADDITIONAL CONDITIONS RELATING TO THE FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE AND (4) SUCH TRANSFEREE IS NOT A NON-UNITED STATES PERSON. NOTWITHSTANDING THE REGISTRATION IN THE CERTIFICATE REGISTER OR ANY TRANSFER, SALE OR OTHER DISPOSITION OF THIS CERTIFICATE TO A DISQUALIFIED ORGANIZATION OR NON-UNITED STATE PERSON OR AN AGENT OF A DISQUALIFIED ORGANIZATION OR NON-UNITED STATES PERSON, SUCH REGISTRATION SHALL BE DEEMED TO BE OF NO LEGAL FORCE OR EFFECT WHATSOEVER AND SUCH PERSON SHALL NOT BE DEEMED TO BE A CERTIFICATEHOLDER FOR ANY PURPOSE HEREUNDER, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF DISTRIBUTIONS ON THIS CERTIFICATE. EACH HOLDER OF THIS CERTIFICATE BY ACCEPTANCE OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE CONSENTED TO THE PROVISIONS OF THIS PARAGRAPH.

B-5-2

Certificate No. 1

Class R

Date of Pooling and Servicing	Percentage Interest: 100%

Agreement and Cut-off Date: March 1, 2007

First Distribution Date: April 25, 2007

Master Servicer: Impac Funding Corporation

Assumed Final Distribution Date: [_________], 20__	CUSIP: [_________]

MORTGAGE PASS-THROUGH CERTIFICATE,

SERIES 2007-2

evidencing a percentage interest in any distributions allocable to the Class R Certificates with respect to a Trust Fund consisting primarily of a pool of adjustable-rate and fixed-rate, first and second lien, one-to-four family residential mortgage loans and adjustable-rate and fixed-rate, first lien multifamily and commercial mortgage loans formed and sold by IMPAC SECURED ASSETS CORP.

This certifies that Impac Funding Corporation is the registered owner of the Percentage Interest evidenced by this Certificate stated above in certain distributions with respect to a Trust Fund, consisting primarily of a pool of adjustable-rate and fixed-rate, first and second lien, one-to-four family residential mortgage loans and adjustable-rate and fixed-rate, first lien multifamily and commercial mortgage loans (the “Mortgage Loans”), formed and sold by Impac Secured Assets Corp. (hereinafter called the “Company,” which term includes any successor entity under the Agreement referred to below). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as specified above (the “Agreement”) among the Company, the Master Servicer, Deutsche Bank National Trust Company, as trustee (the “Trustee”), a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.

B-5-3

This Certificate does not have a principal balance or pass-through rate and will be entitled to distributions only to the Patent set forth in the Agreement. In addition, any distribution of the proceeds of any remaining assets of the Trust will be made only upon presentment and surrender of this Certificate at the office or agency maintained by the Trustee.

No transfer of a Certificate of this Class shall be made unless such transfer is made pursuant to an effective registration statement under the Act and any applicable state securities laws or is exempt from the registration requirements under said Act and such laws. In the event that a transfer is to be made in reliance upon an exemption from the Act and such laws, in order to assure compliance with the Act and such laws, the Certificateholder desiring to effect such transfer and such Certificateholder’s prospective transferee shall each certify to the Trustee and the Company in writing the facts surrounding the transfer. In the event that such a transfer is not to be made pursuant to Rule 144A of the Act, there shall be delivered to the Trustee and the Company of an Opinion of Counsel that such transfer may be made pursuant to an exemption from the Act, which Opinion of Counsel shall not be obtained at the expense of the Trustee, the Master Servicer or the Company; or there shall be delivered to the Trustee and the Company a transferor certificate by the transferor and an investment letter shall be executed by the transferee. The Holder hereof desiring to effect such transfer shall, and does hereby agree to, indemnify the Trustee and the Company against any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws.

Each Holder of this Certificate will be deemed to have agreed to be bound by the restrictions of the Agreement, including but not limited to the restrictions that (i) each person holding or acquiring any Ownership Interest in this Certificate must be a Permitted Transferee, (ii) no Ownership Interest in this Certificate may be transferred without delivery to the Trustee of (a) a transfer affidavit and agreement of the proposed transferee and (b) a transfer affidavit of the transferor, each of such documents to be in the form described in the Agreement, (iii) each person holding or acquiring any Ownership Interest in this Certificate must agree to require a transfer affidavit and agreement and to deliver a transfer affidavit to the Trustee as required pursuant to the Agreement, (iv) each person holding or acquiring an Ownership Interest in this Certificate must agree not to transfer an Ownership Interest in this Certificate if it has actual knowledge that the proposed transferee is not a Permitted Transferee, and (v) any attempted or purported transfer of any Ownership Interest in this Certificate in violation of such restrictions will be absolutely null and void and will vest no rights in the purported transferee. Pursuant to the Agreement, the Trustee will provide the Internal Revenue Service and any pertinent persons with the information needed to compute the tax imposed under the applicable tax laws on transfers of residual interests to disqualified organizations, if any person other than a Permitted Transferee acquires an Ownership Interest on a Class [R] Certificate in violation of the restrictions mentioned above.

B-5-4

As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee, duly endorsed by, or accompanied by an, assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee duly executed by the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest will be issued to the designated transferee or transferees.

B-5-5

This Certificate shall be governed by and construed in accordance with the laws of the State of New York.

B-5-6

IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.

Dated: Xxxxx 00, 0000	XXXXXXXX BANK NATIONAL TRUST COMPANY as Trustee
	By:______________________________ Authorized Signatory

CERTIFICATE OF AUTHENTICATION

This is one of the Class [R] Certificates referred to in the within-mentioned Agreement.

	DEUTSCHE BANK NATIONAL TRUST COMPANY as Trustee
	By:______________________________ Authorized Signatory

B-5-7

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto

(Please print or typewrite name and address including postal zip code of assignee)

the Percentage Interest evidenced by the within Certificate and hereby authorizes the transfer of registration of such Percentage Interest to assignee on the Certificate Register of the Trust.

I (We) further direct the Trustee to issue a new Certificate of a like denomination and Class, to the above named assignee and deliver such Certificate to the following address:

Dated:
	Signature by or on behalf of assignor

B-5-8

DISTRIBUTION INSTRUCTIONS

The assignee should include the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately available funds

to & amp; #160; ,

for the account of ,

account number___________, or, if mailed by check, to ,

Applicable statements should be mailed to .

This information is provided by ,

the assignee named above, or ,

as its agent.

B-5-9

EXHIBIT C

FORM OF CUSTODIAN’S INITIAL CERTIFICATION

_______________, 20___

Impac Funding Corporation

00000 Xxxxxxxx Xxxx

Xxxxxx, Xxxxxxxxxx 00000

	Re:	Pooling and Servicing Agreement, dated as of March 1, 2007 among Impac Secured Assets Corp., Impac Funding Corporation and Deutsche Bank National Trust Company, Mortgage Pass-Through Certificates, Series 2007-2

Ladies and Gentlemen:

In accordance with Section 2.02 of the above-captioned Pooling and Servicing Agreement, the undersigned, as Custodian, hereby certifies that as to each Mortgage Loan listed in the Mortgage Loan Schedule (other than any Mortgage Loan paid in full or listed on the attachment hereto) it has reviewed the Mortgage File and the Mortgage Loan Schedule and has determined that: (i) all documents required to be included in the Mortgage File are in its possession; (ii) such documents have reviewed by it and appear regular on their face and relate to such Mortgage Loan; and (iii) based on examination by it, and only as to such documents, the information set forth in items (iii) and (iv) of the definition or description of “Mortgage Loan Schedule” is correct.

The Custodian has made no independent examination of any documents contained in each Mortgage File beyond the review specifically required in the above-referenced Pooling and Servicing Agreement. The Custodian makes no representation that any documents specified in clause (vi) of Section 2.01 should be included in any Mortgage File. The Custodian makes no representations as to and shall not be responsible to verify: (i) the validity, legality, sufficiency, enforceability, due authorization, recordability or genuineness of any of the documents contained in each Mortgage File of any of the Mortgage Loans identified on the Mortgage Loan Schedule, (ii) the collectability, insurability, effectiveness or suitability of any such Mortgage Loan, or (iii) the existence of any assumption, modification, written assurance or substitution agreement with respect to any Mortgage File if no such documents appear in the Mortgage File delivered to the Custodian.

C-1

Capitalized words and phrases used herein shall have the respective meanings assigned to them in the above-captioned Pooling and Servicing Agreement.

	[_______________________________]

	By: _______________________________

	Name:

	Title:

C-2

EXHIBIT D

FORM OF CUSTODIAN FINAL CERTIFICATION

______________, 20__

Impac Funding Corporation

00000 Xxxxxxxx Xxxx

Xxxxxx, Xxxxxxxxxx 00000

Ambac Assurance Corporation

Xxx Xxxxx Xxxxxx Xxxxx

Xxx Xxxx, Xxx Xxxx 00000

	Re:	Pooling and Servicing Agreement, dated as of March 1, 2007 among Impac Secured Assets Corp., Impac Funding Corporation and Deutsche Bank National Trust Company, Mortgage Pass-Through Certificates, Series 2007-2

Ladies and Gentlemen:

The Custodian has made no independent examination of any documents contained in each Mortgage File beyond the review specifically required in the above-referenced Pooling and Servicing Agreement. The Custodian makes no representation that any documents specified in clause (vi) of Section 2.01 should be included in any Mortgage File. The Custodian makes no representations as to and shall not be responsible to verify: (i) the validity, legality, sufficiency, enforceability, due authorization, recordability or genuineness of any of the documents contained in each Mortgage File of any of the Mortgage Loans identified on the Mortgage Loan Schedule, (ii) the collectability, insurability, effectiveness or suitability of any such Mortgage Loan or (iii) the existence of any assumption, modification, written assurance or substitution agreement with respect to any Mortgage File if no such documents appear in the Mortgage File delivered to the Custodian.

D-1

Capitalized words and phrases used herein shall have the respective meanings assigned to them in the above-captioned Pooling and Servicing Agreement.

	[_______________________________]

	By: _______________________________

	Name:

	Title:

D-2

EXHIBIT E

FORM OF REMITTANCE REPORT

FNMA LENDER NUMBER

CUTOFF DATE

INVESTOR LOAN NUMBER

LOAN NUMBER

OTHER LOAN NUMBER

BORROWER NAME

BORROWER FIRST NAME

LENDER NUMBER

LOAN NOTE RATE

SCHEDULED NOTE RATE

PREVIOUS INDEX VALUE

NEW INDEX VALUE

LOAN PAYMENT AMOUNT

LOAN SCHEDULED PAYMENT AMOUNT

Reserved for future use

Date data posted to system

FNMA LENDER NUMBER	INTEREST REMITTED	SCHEDULED PRINCIPAL AMOUNT	CURTAILMENT AMOUNT	PRINCIPAL ADJUSTMENTS	FORECLOSURE PRINCIPAL	LIQUIDATION PRINCIPAL	PAYOFF DATE	LOAN STATUS	BEGINNING INVESTOR BALANCE	SCHEDULED PART PRINCIPAL	REO PROPERTY NUMBER
Reserved for future use	scheduled interest				Used for liquidation principal	Used for prepays-in-full			Beginning scheduled balance	Ending scheduled balance

FNMA LENDER NUMBER

INTEREST PAID TO DATE

RATE NEXT CHANGE

PMT NEXT CHANGE

FORECLOSURE STATUS

SALE CURRENT SERVICE FEE RATE

SERVICER CUSTNO

MASTER SERVICER FEE

ARM PLAN CODE

LOAN PARTICIPANT PRINCIPAL

INVESTOR CUSTNO

SALE NUMBER

INVESTOR TYPE

PURCHASE NUMBER

Reserved for future use

Status code for loans in

Servicer

ID #

Actual UPB

Investor ID #

foreclosure and REO

FNMA LENDER NUMBER

BANKRUPTCY STATUS

PROPERTY STREET NUMBER

PROPERTY STREET NAME

PROPERTY CITY

STATE CODE

ZIP CODE

ORIGINAL TERM

ORIGINAL LOAN BALANCE

ORIGINAL RATE

ORIGINAL PAYMENT AMOUNT

FIRST PAYMENT DATE

LOAN REMAINING TERM

MATURITY DATE

Reserved for future use

E-1

FNMA LENDER NUMBER	RATE LIFE CAP	RATE CHANGE FREQUENCY	SINGLE DEBIT PART PRINCIPAL	ACTUAL PRINCIPAL COLLECTED	ACTUAL INTEREST COLLECTED	REO LOSS	INTEREST ADJUSTMENT ON PAYOFF	INTEREST ADJUSTMENT ON REO	MASTER SERVICE FEE EARNED
Reserved for future use

INVESTOR_REMITTANCE_HISTORY
LOAN NUMBER	INVESTOR LOAN NUMBER	INVESTOR CUST NUMBER	SALE NUMBER	LOAN STATUS	LOAN STATUS DATE	ANCILLARY FEES REMITTED INV	ANCILLARY FEES REMITTED OTHER
113631871	1103631871	3621	32	2	15-Feb-07	0	0

E-2

EXHIBIT F-1

REQUEST FOR RELEASE

(for Custodian)

Loan Information
	Name of Mortgagor:	___________________________
	Master Servicer
	Loan No.:	___________________________

Trustee
	Name:	___________________________
	Address:	___________________________
		___________________________

	Trustee
	Mortgage File No.:	___________________________

F-1-1

Request for Requesting Documents (check one):

1. Mortgage Loan Liquidated.

(The Master Servicer hereby certifies that all proceeds of foreclosure, insurance or other liquidation have been finally received and deposited into the Custodial Account to the extent required pursuant to the Pooling and Servicing Agreement.)

2. Mortgage Loan in Foreclosure.

3. Mortgage Loan Repurchased Pursuant to Section 9.01 of the Pooling and Servicing Agreement.

4. Mortgage Loan Repurchased Pursuant to Article II of the Pooling and Servicing Agreement.

(The Master Servicer hereby certifies that the repurchase price has been deposited into the Custodial Account pursuant to the Pooling and Servicing Agreement.)

5. Other (explain).

F-1-2

The undersigned Master Servicer hereby acknowledges that it has received from the Trustee for the Holders of Mortgage Pass-Through Certificates, Series 2007-2, the documents referred to below (the “Documents”). All capitalized terms not otherwise defined in this Request for Release shall have the meanings given them in the Pooling and Servicing Agreement, dated as of March 1, 2007 (the “Pooling and Servicing Agreement”), among Impac Secured Assets Corp., Impac Funding Corporation and the Trustee.

( )	Promissory Note dated _________________, 200_, in the original principal sum of $__________, made by __________________, payable to, or endorsed to the order of, the Trustee.

( )	Mortgage recorded on _________________________ as instrument no. ___________ in the County Recorders Office of the County of ______________________, State of _____________________ in book/reel/docket of official records at page/image _______________.

( )	Deed of Trust recorded on ____________________ as instrument no._____________ in the County Recorder’s Office of the County of ______________________, State of _____________________in book/reel/docket __________________ of official records at page/image ________________.

( )	Assignment of Mortgage or Deed of Trust to the Trustee, recorded on _______________ as instrument no. ______________ in the County Recorder’s Office of the County of ________________, State of ___________________ in book/reel/docket ____________ of official records at page/image ___________.

( )	Other documents, including any amendments, assignments or other assumptions of the Mortgage Note or Mortgage.

( )

___________________________

( )

___________________________

( )

___________________________

( )

___________________________

F-1-3

The undersigned Master Servicer hereby acknowledges and agrees as follows:

(1) The Master Servicer shall hold and retain possession of the Documents in trust for the benefit of the Trustee, solely for the purposes provided in the Agreement.

(2) The Master Servicer shall not cause or knowingly permit the Documents to become subject to, or encumbered by, any claim, liens, security interest, charges, writs of attachment or other impositions nor shall the Master Servicer assert or seek to assert any claims or rights of setoff to or against the Documents or any proceeds thereof.

(3) The Master Servicer shall return each and every Document previously requested from the Mortgage File to the Custodian when the need therefor no longer exists, unless the Mortgage Loan relating to the Documents has been liquidated and the proceeds thereof have been remitted to the Custodial Account and except as expressly provided in the Agreement.

(4) The Documents and any proceeds thereof, including any proceeds of proceeds, coming into the possession or control of the Master Servicer shall at all times be earmarked for the account of the Trustee, and the Master Servicer shall keep the Documents and any proceeds separate and distinct from all other property in the Master Servicer’s possession, custody or control.

	IMPAC FUNDING CORPORATION
	By:______________________________ Title:_____________________________

Date: _________________, 200_

F-1-4

EXHIBIT F-2

REQUEST FOR RELEASE

[Mortgage Loans Paid in Full]

OFFICER’S CERTIFICATE AND TRUST RECEIPT

MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2007-2

_____________________________________ HEREBY CERTIFIES THAT HE/SHE IS AN OFFICER OF THE MASTER SERVICER, HOLDING THE OFFICE SET FORTH BENEATH HIS/HER SIGNATURE, AND HEREBY FURTHER CERTIFIES AS FOLLOWS:

WITH RESPECT TO THE MORTGAGE LOANS, AS THE TERM IS DEFINED IN THE POOLING AND SERVICING AGREEMENT DESCRIBED IN THE ATTACHED SCHEDULE:

ALL PAYMENTS OF PRINCIPAL, PREMIUM (IF ANY), AND INTEREST HAVE BEEN MADE.

LOAN NUMBER: _____________________	BORROWER’S NAME: ________________

COUNTY: ___________________________

F-2-1

WE HEREBY CERTIFY THAT ALL AMOUNTS RECEIVED IN CONNECTION WITH SUCH PAYMENTS, WHICH ARE REQUIRED TO BE DEPOSITED IN THE CUSTODIAL ACCOUNT PURSUANT TO SECTION 3.10 OF THE POOLING AND SERVICING AGREEMENT, HAVE BEEN OR WILL BE CREDITED.

_________ ____________	DATED: _____________________
// VICE PRESIDENT // ASSISTANT VICE PRESIDENT

F-2-2

EXHIBIT G-1

FORM OF INVESTOR REPRESENTATION LETTER

___________,200__

Impac Secured Assets Corp.

00000 Xxxxxxxx Xxxx

Xxxxxx, Xxxxxxxxxx 00000

DB Services Tennessee

000 Xxxxxxxxx Xxxx Xxxx

Xxxxxxxxx, Xxxxxxxxx 00000-0000

Attention: Transfer Unit

	Re:	Impac Secured Assets Corp.
		Mortgage Pass-Through Certificates Series 2007-2, Class [_] Certificates

Ladies and Gentlemen:

______________ (the “Purchaser”) intends to purchase from ______________ (the “Seller”) $_________ Initial Certificate Principal Balance of Mortgage Pass-Through Certificates, Series 2007-2, Class _____ (the “Certificates”), issued pursuant to the Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”), dated as of March 1, 2007 among Impac Secured Assets Corp., as depositor (the “Company”), Impac Funding Corporation, as master servicer, Deutsche Bank National Trust Company, as trustee (the “Trustee”). All terms used herein and not otherwise defined shall have the meanings set forth in the Pooling and Servicing Agreement. The Purchaser hereby certifies, represents and warrants to, and covenants with, the Company and the Trustee that:

1. The Purchaser understands that (a) the Certificates have not been and will not be registered or qualified under the Securities Act of 1933, as amended (the “Act”) or any state securities law, (b) the Company is not required to so register or qualify the Certificates, (c) the Certificates may be resold only if registered and qualified pursuant to the provisions of the Act or any state securities law, or if an exemption from such registration and qualification is available, (d) the Pooling and Servicing Agreement contains restrictions regarding the transfer of the Certificates and (e) the Certificates will bear a legend to the foregoing effect.

2. The Purchaser is acquiring the Certificates for its own account for investment only and not with a view to or for sale in connection with any distribution thereof in any manner that would violate the Act or any applicable state securities laws.

G-1-1

3. The Purchaser is (a) a substantial, sophisticated institutional investor having such knowledge and experience in financial and business matters, and, in particular, in such matters related to securities similar to the Certificates, such that it is capable of evaluating the merits and risks of investment in the Certificates, (b) able to bear the economic risks of such an investment and (c) an “accredited investor” within the meaning of Rule 501 (a) promulgated pursuant to the Act.

4. The Purchaser has been furnished with, and has had an opportunity to review (a) a copy of the Pooling and Servicing Agreement and (b) such other information concerning the Certificates, the Mortgage Loans and the Company as has been requested by the Purchaser from the Company or the Seller and is relevant to the Purchaser’s decision to purchase the Certificates. The Purchaser has had any questions arising from such review answered by the Company or the Seller to the satisfaction of the Purchaser.

5. The Purchaser has not and will not nor has it authorized or will it authorize any person to (a) offer, pledge, sell, dispose of or otherwise transfer any Certificate, any interest in any Certificate or any other similar security to any person in any manner, (b) solicit any offer to buy or to accept a pledge, disposition of other transfer of any Certificate, any interest in any Certificate or any other similar security from any person in any manner, (c) otherwise approach or negotiate with respect to any Certificate, any interest in any Certificate or any other similar security with any person in any manner, (d) make any general solicitation by means of general advertising or in any other manner or (e) take any other action, that (as to any of (a) through (e) above) would constitute a distribution of any Certificate under the Act, that would render the disposition of any Certificate a violation of Section 5 of the Act or any state securities law, or that would require registration or qualification pursuant thereto. The Purchaser will not sell or otherwise transfer any of the Certificates, except in compliance with the provisions of the Pooling and Servicing Agreement.

	Very truly yours,

	_________________________________ (Purchaser) By:______________________________ Name:____________________________ Title:_____________________________

G-1-2

EXHIBIT G-2

FORM OF TRANSFEROR REPRESENTATION LETTER

______________,200___

Impac Secured Assets Corp.

00000 Xxxxxxxx Xxxx

Xxxxxx, Xxxxxxxxxx 00000

DB Services Tennessee

000 Xxxxxxxxx Xxxx Xxxx

Xxxxxxxxx, Xxxxxxxxx 00000-0000

Attention: Transfer Unit

	Re:	Impac Secured Assets Corp.
		Mortgage Pass-Through Certificates, Series 2007-2, Class [] Certificates

Ladies and Gentlemen:

In connection with the sale by ___________ (the “Seller”) to ________ (the “Purchaser”) of $_________ Initial Certificate Principal Balance of Mortgage Pass-Through Certificates, Series 2007-2, Class _____ (the “Certificates”), issued pursuant to the Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”), dated as of March 1, 2007 among Impac Secured Assets Corp., as depositor (the “Company”), Impac Funding Corporation, as master servicer, Deutsche Bank National Trust Company, as trustee (the “Trustee”). The Seller hereby certifies, represents and warrants to, and covenants with, the Company and the Trustee that:

Neither the Seller nor anyone acting on its behalf has (a) offered, pledged, sold, disposed of or otherwise transferred any Certificate, any interest in any Certificate or any other similar security to any person in any manner, (b) has solicited any offer to buy or to accept a pledge, disposition or other transfer of any Certificate, any interest in any Certificate or any other similar security from any person in any manner, (c) has otherwise approached or negotiated with respect to any Certificate, any interest in any Certificate or any other similar security with any person in any manner, (d) has made any general solicitation by means of general advertising or in any other manner, or (e) has taken any other action, that (as to any of (a) through (e) above) would constitute a distribution of the Certificates under the Securities Act of 1933 (the “Act”), that would render the disposition of any Certificate a violation of Section 5 of the Act or any state securities law, or that would require registration or qualification pursuant thereto. The Seller will not act in any manner set forth in the foregoing sentence with respect to any Certificate. The Seller has not and will not sell or otherwise transfer any of the Certificates, except in compliance with the provisions of the Pooling and Servicing Agreement.

G-2-1

	Very truly yours,

	_________________________________ (Seller) By:______________________________ Name:____________________________ Title:_____________________________

G-2-2

EXHIBIT G-3

FORM OF RULE 144A INVESTMENT REPRESENTATION

Description of Rule 144A Securities, including numbers:

Impac Secured Assets Corp.

Mortgage Pass-Through Certificates

Series 2007-2, Class ____, No. ____

The undersigned seller, as registered holder (the “Transferor”), intends to transfer the Rule 144A Securities described above to the undersigned buyer (the “Buyer”).

1. In connection with such transfer and in accordance with the agreements pursuant to which the Rule 144A Securities were issued, the Transferor hereby certifies the following facts: Neither the Transferor nor anyone acting on its behalf has offered, transferred, pledged, sold or otherwise disposed of the Rule 144A Securities, any interest in the Rule 144A Securities or any other similar security to, or solicited any offer to buy or accept a transfer, pledge or other disposition of the Rule 144A Securities, or otherwise approached or negotiated with respect to the Rule 144A Securities, any interest in the Rule 144A Securities or any other similar security with, any person in any manner, or made any general solicitation by means of general advertising or in any other manner, or taken any other action, which would constitute a distribution of the Rule 144A Securities under the Securities Act of 1933, as amended (the “1933 Act”), or which would render the disposition of the Rule 144A Securities a violation of Section 5 of the 1933 Act or require registration pursuant thereto, and that the Transferor has not offered the Rule 144A Securities to any person other than the Buyer or another “qualified institutional buyer” as defined in Rule 144A under the 0000 Xxx.

2. The Buyer warrants and represents to, and covenants with, the Transferor, the Trustee and the Master Servicer pursuant to Section 5.02 of the Pooling and Servicing Agreement as follows:

a. The Buyer understands that the Rule 144A Securities have not been registered under the 1933 Act or the securities laws of any state.

b. The Buyer considers itself a substantial, sophisticated institutional investor having such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of investment in the Rule 144A Securities.

c. The Buyer has been furnished with all information regarding the Rule 144A Securities that it has requested from the Transferor, the Trustee or the Master Servicer.

G-3-1

d. Neither the Buyer nor anyone acting on its behalf has offered, transferred, pledged, sold or otherwise disposed of the Rule 144A Securities, any interest in the Rule 144A Securities or any other similar security to, or solicited any offer to buy or accept a transfer, pledge or other disposition of the Rule 144A Securities, any interest in the Rule 144A Securities or any other similar security from, or otherwise approached or negotiated with respect to the Rule 144A Securities, any interest in the Rule 144A Securities or any other similar security with, any person in any manner, or made any general solicitation by means of general advertising or in any other manner, or taken any other action, that would constitute a distribution of the Rule 144A Securities under the 1933 Act or that would render the disposition of the Rule 144A Securities a violation of Section 5 of the 1933 Act or require registration pursuant thereto, nor will it act, nor has it authorized or will it authorize any person to act, in such manner with respect to the Rule 144A Securities.

e. The Buyer is a “qualified institutional buyer” as that term is defined in Rule 144 under the 1933 Act and has completed either of the forms of certification to that effect attached hereto as Annex 1 or Annex 2. The Buyer is aware that the sale to it is being made in reliance on Rule 144A. The Buyer is acquiring the Rule 144A Securities for its own account or the account of other qualified institutional buyers, understands that such Rule 144 Securities may be resold, pledged or transferred only (i) to a person reasonably believed to be a qualified institutional buyer that purchases for its own account or for the account of a qualified institutional buyer to whom notice is given that the resale, pledge or transfer is being made in reliance on Rule 144A, or (ii) pursuant to another exemption from registration under the 1933 Act.

3. The Buyer warrants and represents to, and covenants with, the Transferor, the Servicer and the Company that either (1) the Buyer is not an employee benefit plan within the meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) (“Plan”), or a plan within the meaning of Section 4975(e)(1) of the Internal Revenue Code of 1986 (the “Code”) (also a “Plan”), and the Buyer is not directly or indirectly purchasing the Rule 144A Securities on behalf of, as investment manager of, as named fiduciary of, as trustee of, or with assets of a Plan, or (2) the Buyer has provided the Trustee with the opinion letter required by section 5.02(c) of the Pooling and Servicing Agreement.

4. This document may be executed in one or more counterparts and by the different parties hereto on separate counterparts, each of which, when so executed, shall be deemed to be an original; such counterparts, together, shall constitute one and the same document.

G-3-2

IN WITNESS WHEREOF, each of the parties has executed this document as of the date set forth below.

________________________________	________________________________
Print Name of Transferor	Print Name of Buyer

By: ________________________________	By: ________________________________

Name:	Name:

Title:	Title:


Taxpayer Identification:	Taxpayer Identification:

No. ________________________________	No. ________________________________

Date: ____________________________	Date: ____________________________

G-3-3

ANNEX 1 TO EXHIBIT G-

QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

[For Buyers Other Than Registered Investment Companies]

The undersigned hereby certifies as follows in connection with the Rule 144A Investment Representation to which this Certification is attached:

1. As indicated below, the undersigned is the President, Chief Financial Officer, Senior Vice President or other executive officer of the Buyer.

2. In connection with purchases by the Buyer, the Buyer is a “qualified institutional buyer” as that term is defined in Rule 144A under the Securities Act of 1933 (“Rule 144A”) because (i) the Buyer owned and/or invested on a discretionary basis $____________________¹ in securities (except for the excluded securities referred to below) as of the end of the Buyer’s most recent fiscal year (such amount being calculated in accordance with Rule 144A) and (ii) the Buyer satisfies the criteria in the category marked below.

____	Corporation, etc. The Buyer is a corporation (other than a bank, savings and loan association or similar institution), Massachusetts or similar business trust, partnership, or charitable organization described in Section 501(c)(3) of the Internal Revenue Code.

____

Bank. The Buyer (a) is a national bank or banking institution organized under the laws of any State, territory or the District of Columbia, the business of which is substantially confined to banking and is supervised by the State or territorial banking commission or similar official or is a foreign bank or equivalent institution, and (b) has an audited net worth of at least $25,000,000 as demonstrated in its latest annual financial statement, a copy of which is attached hereto.

____

Savings and Loan. The Buyer (a) is a savings and loan association, building and loan association, cooperative bank, homestead association or similar institution, which is supervised and examined by a State or Federal authority having supervision over any such institutions or is a foreign savings and loan association or equivalent institution and (b) has an audited net worth of at least $25,000,000 as demonstrated in its latest annual financial statements.

____	Broker-dealer. The Buyer is a dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934.

¹ Buyer must own and/or invest on a discretionary basis at least $100,000,000 in securities unless Buyer is a dealer, and, in that case, Buyer must own and/or invest on a discretionary basis at least $10,000,000 in securities.

G-3-4

____

Insurance Company. The Buyer is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a State, territory or the District of Columbia.

____	State or Local Plan. The Buyer is a plan established and maintained by a State, its political subdivisions, or any agency or instrumentality of the State or its political subdivisions, for the benefit of its employees.

____	ERISA Plan. The Buyer is an employee benefit plan within the meaning of Title I of the Employee Retirement Income Security Act of 1974.

____	Investment Adviser. The Buyer is an investment adviser registered under the Investment Advisers Act of 1940.

____	SBIC. The Buyer is a Small Business Investment Company licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958.

____	Business Development Company. The Buyer is a business development company as defined in Section 202(a)(22) of the Investment Advisers Act of 1940.

____

Trust Fund. The Buyer is a trust fund whose trustee is a bank or trust company and whose participants are exclusively (a) plans established and maintained by a State, its political subdivisions, or any agency or instrumentality of the State or its political subdivisions, for the benefit of its employees, or (b) employee benefit plans within the meaning of Title I of the Employee Retirement Income Security Act of 1974, but is not a trust fund that includes as participants individual retirement accounts or H.R. 10 plans.

3. The term “securities” as used herein does not include (i) securities of issuers that are affiliated with the Buyer, (ii) securities that are part of an unsold allotment to or subscription by the Buyer, if the Buyer is a dealer, (iii) bank deposit notes and certificates of deposit, (iv) loan participations, (v) repurchase agreements, (vi) securities owned but subject to a repurchase agreement and (vii) currency, interest rate and commodity swaps.

4. For purposes of determining the aggregate amount of securities owned and/or invested on a discretionary basis by the Buyer, the Buyer used the cost of such securities to the Buyer and did not include any of the securities referred to in the preceding paragraph. Further, in determining such aggregate amount, the Buyer may have included securities owned by subsidiaries of the Buyer, but only if such subsidiaries are consolidated with the Buyer in its financial statements prepared in accordance with generally accepted accounting principles and if the investments of such subsidiaries are managed under the Buyer’s direction. However, such securities were not included if the Buyer is a majority-owned, consolidated subsidiary of another enterprise and the Buyer is not itself a reporting company under the Securities Exchange Act of 1934.

G-3-5

5. The Buyer acknowledges that it is familiar with Rule 144A and understands that the seller to it and other parties related to the Certificates are relying and will continue to rely on the statements made herein because one or more sales to the Buyer may be in reliance on Rule 144A.

___ Yes	___ No	Will the Buyer be purchasing the Rule 144A Securities only for the Buyer’s own account?

6. If the answer to the foregoing question is “no”, the Buyer agrees that, in connection with any purchase of securities sold to the Buyer for the account of a third party (including any separate account) in reliance on Rule 144A, the Buyer will only purchase for the account of a third party that at the time is a “qualified institutional buyer” within the meaning of Rule 144A. In addition, the Buyer agrees that the Buyer will not purchase securities for a third party unless the Buyer has obtained a current representation letter from such third party or taken other appropriate steps contemplated by Rule 144A to conclude that such third party independently meets the definition of “qualified institutional buyer” set forth in Rule 144A.

7. The Buyer will notify each of the parties to which this certification is made of any changes in the information and conclusions herein. Until such notice is given, the Buyer’s purchase of Rule 144A Securities will constitute a reaffirmation of this certification as of the date of such purchase.

	________________________________ Print Name of Buyer

	By: ________________________________ Name: Title:

	Date: ________________________________

G-3-6

ANNEX 2 TO EXHIBIT G-3

QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

[For Buyers That Are Registered Investment Companies]

The undersigned hereby certifies as follows in connection with the Rule 144A Investment Representation to which this Certification is attached:

1. As indicated below, the undersigned is the President, Chief Financial Officer or Senior Vice President of the Buyer or, if the Buyer is a “qualified institutional buyer” as that term is defined in Rule 144A under the Securities Act of 1933 (“Rule 144A”) because Buyer is part of a Family of Investment Companies (as defined below), is such an officer of the Adviser.

2. In connection with purchases by Buyer, the Buyer is a “qualified institutional buyer” as defined in SEC Rule 144A because (i) the Buyer is an investment company registered under the Investment Company Act of 1940, and (ii) as marked below, the Buyer alone, or the Buyer’s Family of Investment Companies, owned at least $100,000,000 in securities (other than the excluded securities referred to below) as of the end of the Buyer’s most recent fiscal year. For purposes of determining the amount of securities owned by the Buyer or the Buyer’s Family of Investment Companies, the cost of such securities was used.

____ The Buyer owned $_______________ in securities (other than the excluded securities referred to below) as of the end of the Buyer’s most recent fiscal year (such amount being calculated in accordance with Rule 144A).

____ The Buyer is part of a Family of Investment Companies which owned in the aggregate $____________ in securities (other than the excluded securities referred to below) as of the end of the Buyer’s most recent fiscal year (such amount being calculated in accordance with Rule 144A).

3. The term “Family of Investment Companies” as used herein means two or more registered investment companies (or series thereof) that have the same investment adviser or investment advisers that are affiliated (by virtue of being majority owned subsidiaries of the same parent or because one investment adviser is a majority owned subsidiary of the other).

4. The term “securities” as used herein does not include (i) securities of issuers that are affiliated with the Buyer or are part of the Buyer’s Family of Investment Companies, (ii) bank deposit notes and certificates of deposit, (iii) loan participations, (iv) repurchase agreements, (v) securities owned but subject to a repurchase agreement and (vi) currency, interest rate and commodity swaps.

5. The Buyer is familiar with Rule 144A and understands that each of the parties to which this certification is made are relying and will continue to rely on the statements made herein because one or more sales to the Buyer will be in reliance on Rule 144A. In addition, the Buyer will only purchase for the Buyer’s own account.

G-3-7

6. The undersigned will notify each of the parties to which this certification is made of any changes in the information and conclusions herein. Until such notice, the Buyer’s purchase of Rule 144A Securities will constitute a reaffirmation of this certification by the undersigned as of the date of such purchase.

	________________________________
	Print Name of Buyer

	By: ________________________________ Name: Title:

	IF AN ADVISER:
	________________________________ Print Name of Buyer


	Date: ________________________________

G-3-8

EXHIBIT G-4

FORM OF TRANSFEROR CERTIFICATE

______________, 200__

Impac Secured Assets Corp.

00000 Xxxxxxxx Xxxx

Xxxxxx, Xxxxxxxxxx 00000

DB Services Tennessee

000 Xxxxxxxxx Xxxx Xxxx

Xxxxxxxxx, Xxxxxxxxx 00000-0000

Attention: Transfer Unit

	Re:	Impac Secured Assets Corp.
		Mortgage Pass-Through Certificates Series 2007-2, Class [R]

Ladies and Gentlemen:

This letter is delivered to you in connection with the sale by _________________ (the “Seller”) to __________________________________ (the “Purchaser”) of a ____% Percentage Interest in the Mortgage Pass-Through Certificates, Series 2007-2, Class [R] “Certificates”), issued pursuant to Section 5.02 of the Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”), dated as of March 1, 2007, among Impac Secured Assets Corp., as depositor (the “Company”), Impac Funding Corporation, as master servicer and Deutsche Bank National Trust Company, as trustee (the “Trustee”). All terms used herein and not otherwise defined shall have the meaning set forth in the Pooling and Servicing Agreement. The Seller hereby certifies, represents and warrants to, and covenants with, the Company and the Trustee that:

1. No purpose of the Seller relating to the sale of the Certificates by the Seller to the Purchaser is or will be to impede the assessment or collection of any tax.

2. The Seller understands that the Purchaser has delivered to the Trustee and the Master Servicer a transfer affidavit and agreement in the form attached to the Pooling and Servicing Agreement as Exhibit G-5. The Seller does not know or believe that any representation contained therein is false.

3. The Seller has at the time of the transfer conducted a reasonable investigation of the financial condition of the Purchaser as contemplated by Treasury Regulations Section 1.860E-1(c)(4)(i) and, as a result of that investigation, the Seller has determined that the Purchaser has historically paid its debts as they have become due and has found no significant evidence to indicate that the Purchaser will not continue to pay its debts as they become due in the future. The Seller understands that the transfer of the Certificates may not be respected for United States income tax purposes (and the Seller may continue to be liable for United States income taxes associated therewith) unless the Seller has conducted such an investigation.

G-4-1

4. The Seller has no actual knowledge that the proposed Transferee is a Disqualified Organization, an agent of a Disqualified Organization or a Non-United States Person.

	Very truly yours,
	_________________________________ (Seller) By:______________________________ Name:____________________________ Title:_____________________________

G-4-2

EXHIBIT G-5

FORM OF TRANSFER AFFIDAVIT AND AGREEMENT

STATE OF	)
	:ss.
COUNTY OF	)

___________________, being first duly sworn, deposes, represents and warrants:

1. That he/she is [Title of Officer] of [Name of Owner], a [savings institution] [corporation] duly organized and existing under the laws of [the State of __________] [the United States], (the “Investor”), (record or beneficial owner of the Class R Certificates (the “Certificates”) on behalf of which he/she makes this affidavit and agreement). This Class R Certificates were issued pursuant to the Pooling and Servicing Agreement, dated as of February 1, 2007 (the “Agreement”), among Impac Secured Assets Corp., as depositor (the “Depositor”), Impac Funding Corporation, as master servicer (the “Master Servicer”), and Deutsche Bank National Trust Company, as trustee (the “Trustee”).

1. The Investor is, as of the date hereof, and will be, as of the date of the Transfer, a Permitted Transferee. The Investor is not acquiring its Ownership Interest in the Certificates for the account of a Person other than a Permitted Transferee.

2. The Investor has been advised and understands that (i) a tax will be imposed on Transfers of the Certificates to Persons that are not Permitted Transferees; (ii) such tax will be imposed on the Transferor, or, if such Transfer is through an agent (which includes a broker, nominee or middleman) for a Person that is not a Permitted Transferee, on the agent; and (iii) the Person otherwise liable for the tax shall be relieved of liability for the tax if a subsequent transferee furnishes to such Person an affidavit that such subsequent transferee is a Permitted Transferee, and at the time of Transfer, such Person does not have actual knowledge that the affidavit is false.

3. The Investor has been advised and understands that a tax will be imposed on a “pass-through entity” holding the Certificates if at any time during the taxable year of the pass-through entity a Person that is not a Permitted Transferee is the record holder of an interest in such entity. The Investor understands that such tax will not be imposed for any period with respect to which the record holder furnishes to the pass-through entity an affidavit that such record holder is a Permitted Transferee and the pass-through entity does not have actual knowledge that such affidavit is false. (For this purpose, a “pass-through entity” includes a regulated investment company, a real estate investment trust or common trust fund, a partnership, trust or estate, and certain cooperatives and, except as may be provided in Treasury regulations, Persons holding interests in pass-through entities as a nominee for another Person.)

4. The Investor has reviewed the provisions of Section 5.02(e) of the Agreement and understands the legal consequences of the acquisition of an Ownership Interest in the Certificates, including, without limitation, the restrictions on subsequent Transfers and the provisions regarding voiding any prohibited Transfers and mandatory sales. The Investor expressly agrees to be bound by, and to abide by, such provisions of the Agreement and the restrictions noted on the face of the Certificates. The Investor understands and agrees that any breach of any of the representations included herein shall render the Transfer of the Certificates to the Investor contemplated hereby null and void. The Investor consents to any amendment of the Agreement that shall be deemed necessary by the Depositor (upon advice of nationally recognized counsel) to constitute a reasonable arrangement to ensure that the Certificate will not be owned directly or indirectly by a Person other than a Permitted Transferee.

G-5-1

5. The Investor agrees not to Transfer the Certificates, or cause the Transfer of the Certificates by a Person for whom the Investor is acting as nominee, trustee or agent, in each case unless (i) it has received an affidavit in substantially the same form as this affidavit containing these same representations and covenants from the subsequent transferee. In connection with any such Transfer by the Investor, the Investor agrees to deliver to the Trustee a certificate substantially in the form set forth as Exhibit G-4 to the Agreement to the effect that the Investor has no actual knowledge that the Person to which the Transfer is to be made is not a Permitted Transferee.

6. The Investor has historically paid its debts as they have come due, intends to pay its debts as they come due in the future, and understands that the taxes associated with holder an Ownership Interest in the Certificates may exceed the cash flow with respect thereto in some or all periods and intends to pay such taxes as they become due. The Investor does not have the intention, and no purpose of the Transfer of the Certificates to the Investor is, to impede the assessment or collection of any tax legally required to be paid with respect to the Certificates.

7. The Investor’s U.S. taxpayer identification number is [_____________].

8. The Investor is a United States Person.

9. The Investor is aware that the Certificates may be a “noneconomic residual interest” within the meaning of Treasury regulations promulgated under Section 860E of the Code and that the transferor of a noneconomic residual interest will remain liable for any taxes due with respect to the income on such residual interest, unless no significant purpose of the transfer was to impede the assessment or collection of tax.

10. The Investor will not cause income from the Certificates to be attributable to a foreign permanent establishment or fixed base, within the meaning of an applicable income tax treaty, of the Investor or any other United States Person.

11. Check one of the following:

o The Transfer of the Certificates complies with U.S. Treasury Regulation Sections 1.860E-1(c)(7) and (8) and, accordingly:

(i) the present value of the anticipated tax liabilities associated with holding the Certificates does not exceed the sum of:

G-5-2

(a)

the present value of any consideration given to the Investor to acquire such Certificates;

(b)

the present value of the expected future distributions on such Certificates; and

(c)

the present value of the anticipated tax savings associated with holding such Certificates as the related REMIC generates losses; and

(ii) the Transfer of the Certificates will not result in such Certificates being held, directly or indirectly, by a foreign permanent establishment or fixed base, within the meaning of an applicable income tax treaty, of the Investor or any other United States Person.

For purposes of the calculation in clause (i) above, (x) the Investor is assumed to pay tax at the highest rate currently specified in Section 11(b)(1) of the Code (but the tax rate in Section 55(b)(1)(B) of the Code may be used in lieu of the highest rate specified in Section 11(b)(1) of the Code if the Investor has been subject to the alternative minimum tax under Section 55 of the Code in the preceding two years and will compute its taxable income in the current taxable year using the alternative minimum tax rate) and (y) present values are computed using a discount rate equal to the short-term Federal rate prescribed by Section 1274(d) of the Code for the month of the transfer and the compounding period used by the Investor.

o The Transfer of the Certificates complies with U.S. Treasury Regulation Sections 1.860E-1(c)(5) and (6) and, accordingly:

(i)

the Investor is an “eligible corporation,” as defined in U.S. Treasury Regulation Section 1.860E-1(c)(6)(i), as to which income from the Certificates will only be taxed in the United States;

(ii)

at the time of the Transfer, and at the close of the Investor’s two fiscal years preceding the fiscal year of the transfer, the Investor had gross assets for financial reporting purposes (excluding any obligation of a “related person” to the Investor within the meaning of U.S. Treasury Regulation Section 1.860E-1(c)(6)(ii) and any other asset the principal purpose of which is to permit the Investor to satisfy the condition of this clause (ii)) in excess of $100 million and net assets in excess of $10 million;

(iii)

the Investor will transfer the Certificates only to another “eligible corporation,” as defined in U.S. Treasury Regulation Section 1.860E-1(c)(6)(i), in a transaction in which the requirements of U.S. Treasury Regulation Sections 1.860E-1(c)(4)(i), (ii) and (iii) and -1(c)(5) are satisfied and, accordingly, the subsequent transferee provides a similar affidavit with this box checked; and

(iv)

the Investor determined the consideration paid to it to acquire the Certificates based on reasonable market assumptions (including, but not limited to, borrowing and investment rates, prepayment and loss assumptions, expense and reinvestment assumptions, tax rates and other factors specific to the Investor) that it has determined in good faith and has concluded that such consideration, together with other assets of the Investor, will be sufficient to cover the taxes associated with the Certificates.

G-5-3

o None of the above.

11. (a) The Certificates (i) are not being acquired by, and will not be transferred to, any employee benefit plan within the meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), or other retirement arrangement, including individual retirement accounts and annuities, Xxxxx plans and bank collective investment funds and insurance company general or separate accounts in which such plans, accounts or arrangements are invested, that is subject to ERISA or Section 4975 of the Code (any of the foregoing, a “Plan”), (ii) are not being acquired with “plan assets” of a Plan within the meaning of the Department of Labor (“DOL”) regulation, 29 C.F.R. § 2510.3-101 or otherwise under ERISA, and (iii) will not be transferred to any entity that is deemed to be investing in plan assets within the meaning of the DOL regulation, 29 C.F.R. § 2510.3-101 or otherwise under ERISA; or

(b) The Investor will provide the Trustee with an opinion of counsel, as specified in Section 5.02(c) of the Agreement, acceptable to and in form and substance satisfactory to the Trustee to the effect that the purchase of Certificates is permissible under applicable law, will not constitute or result in any non-exempt prohibited transaction under ERISA or Section 4975 of the Code and will not subject the Trustee, the Depositor or the Master Servicer to any obligation or liability (including obligations or liabilities under ERISA or Section 4975 of the Code) in addition to those undertaken in the Agreement.

In addition, the Investor hereby certifies, represents and warrants to, and covenants with, the Depositor, the Trustee and the Master Servicer that the Investor will not transfer such Certificates to any Plan or person unless either such Plan or person meets the requirements set forth in either (a) or (b) above.

G-5-4

IN WITNESS WHEREOF, the Investor has caused this instrument to be executed on its behalf, by its [Title of Officer] and its corporate seal to be hereunto attached, attested by its [Assistant] Secretary, this ______ day of _____________, _____.

	________________________________ [NAME OF INVESTOR] By: ________________________________ [Name of Officer] [Title of Officer]

[Corporate Seal] ATTEST: ________________________________ [Assistant] Secretary

X-0-0

XXXX XX XXXXXXXXXX XXXXXXXXX

XXXXX XX XXX XXXX	)
	)	ss.:
COUNTY OF NEW YORK	)

The undersigned is the [Title of Officer] of [Name of Transferor] (the “Owner”), the proposed transferor of an Ownership Interest in the Impac Secured Assets Corp., Mortgage pass-through Certificates, Series 2007-1, Class [R-1][R-2][R-3] Certificate (the “Certificate”) issued pursuant to the Pooling and Servicing Agreement (the “Agreement”) relating to the Certificate, dated as of [ ], 2007, among [ ], as depositor (the “Depositor”), [ ], as master servicer (“the Master Servicer”) and [ ], as trustee (the “Trustee”), and makes this affidavit on behalf of the Owner for the benefit of the Depositor and the Trustee. Capitalized terms used, but not defined herein, shall have the meanings ascribed to such terms in the Agreement.

1. The Owner is not transferring the Certificate to impede the assessment or collection of any tax.

2. The Owner has no actual knowledge that the proposed Transferee of the Certificate: (i) has insufficient assets to pay any taxes that would be owed by such Transferee as Holder of the Certificate; (ii) may become insolvent or subject to a bankruptcy proceeding for so long as the Certificate remains outstanding; and (iii) is not a Permitted Transferee.

3. The Owner understands that the proposed Transferee has delivered to the Trustee a transfer affidavit and agreement in the form attached to the Pooling and Servicing Agreement as Exhibit F-2. The Owner does not know or believe that any representation contained therein is false.

4. At the time of transfer, the Owner has conducted a reasonable investigation of the financial condition of the proposed Transferee as contemplated by Treasury Regulation Section 1.860E-1(c)(4)(i) and, as a result of that investigation, the Owner has determined that the proposed Transferee has historically paid its debts as they became due and has found no significant evidence to indicate that the proposed Transferee will not continue to pay its debts as they become due in the future. The Owner understands that the transfer of the Certificate may not be respected for U.S. federal income tax purposes (and the Owner may continue to be liable for U.S. federal income taxes associated therewith) unless the Owner has conducted such an investigation.

G-5-6

IN WITNESS WHEREOF, the Investor has caused this instrument to be executed on its behalf, pursuant to authority of its Board of Directors, by its [Title of Officer] this ____ day of _________, 20__.

[NAME OF OWNER]

By:

Name:

[Name of Officer]

Title:

[Title of Officer]

Personally appeared before me the above-named [Name of Officer], known or proved to me to be the same person who executed the foregoing instrument and to be the [Title of Officer] of the Owner, and acknowledged to me that he/she executed the same as his/her free act and deed and the free act and deed of the Owner.

Subscribed and sworn before me this ___ day of _________, 20___.

NOTARY PUBLIC

COUNTY OF

STATE OF

My commission expires the ___ day of ___________________, 20___.

G-5-7

EXHIBIT H

MORTGAGE LOAN SCHEDULE

LOAN_ID            CITY1                                            ZIP_CODE   STATE              FIRST_PAY_DATE           MATURITY_DATE    AM_TYPE                BALLOON                    STATED_ORIGINAL_TERM            AMORT_TERM1              STATED_REM_TERM              ORIGINAL_BALANCE               CURRENT_BALANCE   LIEN                            SR_LIEN_BALANCE           TOTAL_BAL             JR_LIEN_BALANCE            SALES_PRICE           APPRAISAL           LOAN_TO_VALUE
1103584580         CHICAGO                                             60649   IL                       20060701                20360601    ARMS                   No                                          360                    360                          351                    172,500.00                    172,500.00   First Lien                                    -          218,500.00                   46,000.00                      -          230,000.00                   75.00
1103586631         PLAINFIELD                                          60585   IL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    140,000.00                    139,796.70   First Lien                                    -          175,000.00                   35,000.00                      -          175,000.00                   80.00
1103591424         XXXX XXXXX                                          00000   FL                       20061001                20360901    FIXED                  No                                          360                    360                          354                    262,000.00                    261,030.66   First Lien                                    -          262,000.00                           -                      -          380,000.00                   68.95
1103601212         HEWLETT                                             11557   NY                       20070201                20370101    FIXED                  No                                          360                    360                          358                    650,000.00                    650,000.00   First Lien                                    -          650,000.00                           -                      -        1,826,000.00                   35.60
1103603669         SAN CLEMENTE                                        92672   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    310,800.00                    310,800.00   First Lien                                    -          310,800.00                           -                      -          420,000.00                   74.00
1103605997         MIAMI                                               33131   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    428,000.00                    428,000.00   First Lien                                    -          428,000.00                           -                      -          535,000.00                   80.00
1103607944         LOS ANGELES                                         90016   CA                       20061201                20361101    ARMS                   No                                          360                    360                          356                    472,500.00                    472,500.00   First Lien                                    -          567,000.00                   94,500.00             630,000.00          630,000.00                   75.00
1103608150         IRVINE                                              92606   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    409,200.00                    409,200.00   First Lien                                    -          545,600.00                  136,400.00             545,654.00          546,000.00                   74.99
1103608558         MIAMI                                               33032   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    128,792.00                    128,792.00   First Lien                                    -          160,990.00                   32,198.00             160,990.00          229,000.00                   80.00
1103611552         TUSTIN                                              92782   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    460,000.00                    460,000.00   First Lien                                    -          517,800.00                   57,800.00             578,655.00          579,000.00                   79.49
1103611725         MIAMI                                               33032   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    188,168.00                    188,168.00   First Lien                                    -          238,346.00                   50,178.00             250,891.00          278,000.00                   75.00
0000000000         XXXXXX XXXX                                         00000   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    252,000.00                    252,000.00   First Lien                                    -          252,000.00                           -             315,000.00          315,000.00                   80.00
1103617300         HENDERSON                                           89015   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                    157,500.00                    157,500.00   First Lien                                    -          199,500.00                   42,000.00             210,000.00          230,000.00                   75.00
1103622198         LONGBOAT KEY                                        34228   FL                       20070101                20361201    FIXED                  No                                          360                    360                          357                    200,000.00                    199,493.02   First Lien                                    -          200,000.00                           -                      -          710,000.00                   28.17
1103622952         DENVER                                              80207   CO                       20061201                20361201    ARMS                   Yes                                         360                    480                          356                    230,000.00                    229,670.36   First Lien                                    -          230,000.00                           -                      -          272,000.00                   84.56
1103623076         PERRIS                                              92571   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    232,000.00                    232,000.00   First Lien                                    -          290,000.00                   58,000.00             290,000.00          320,000.00                   80.00
1103623408         SAN JACINTO                                         92582   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    340,450.00                    340,450.00   First Lien                                    -          425,550.00                   85,100.00             425,609.00          426,000.00                   79.99
1103624184         MIAMI                                               33145   FL                       20070101                20361201    FIXED                  No                                          360                    360                          357                    532,000.00                    532,000.00   First Lien                                    -          665,000.00                  133,000.00                      -          665,000.00                   80.00
1103625191         XXXXXXX                                             11967   NY                       20070201                20370101    FIXED                  No                                          360                    360                          358                    223,500.00                    223,123.38   First Lien                                    -          279,500.00                   56,000.00             280,000.00          280,000.00                   79.82
1103625345         DAVENPORT                                           33897   FL                       20070101                20361201    FIXED                  No                                          360                    360                          357                    220,000.00                    220,000.00   First Lien                                    -          275,000.00                   55,000.00             275,000.00          317,000.00                   80.00
1103626012         DOS PALOS                                           93620   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    240,000.00                    240,000.00   First Lien                                    -          240,000.00                           -             300,095.00          304,000.00                   79.97
1103627762         JACKSONVILLE                                        32210   FL                       20061101                20361001    FIXED                  No                                          360                    360                          355                    284,000.00                    282,635.48   First Lien                                    -          284,000.00                           -                      -          365,000.00                   77.81
1103628830         LAS VEGAS                                           89109   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                    507,500.00                    507,500.00   First Lien                                    -          507,500.00                           -             725,000.00          930,000.00                   70.00
1103629224         COACHELLA                                           92236   CA                       20061201                20361101    ARMS                   No                                          360                    360                          356                    265,600.00                    264,699.76   First Lien                                    -          332,000.00                   66,400.00             332,000.00          332,000.00                   80.00
1103629431         VAIL                                                85641   AZ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    224,000.00                    224,000.00   First Lien                                    -          224,000.00                           -                      -          285,000.00                   78.60
1103629858         WEST COVINA                                         91792   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    397,000.00                    397,000.00   First Lien                                    -          397,000.00                           -                      -          535,000.00                   74.21
1103630253         PHELAN                                              92371   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    298,350.00                    298,350.00   First Lien                                    -          298,350.00                           -                      -          351,000.00                   85.00
1103630450         JERICHO                                             11753   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    549,500.00                    549,500.00   First Lien                                    -          549,500.00                           -             785,000.00          786,000.00                   70.00
1103631161         PENSACOLA                                           32507   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    381,000.00                    381,000.00   First Lien                                    -          489,800.00                  108,800.00             544,342.00          549,000.00                   69.99
1103631249         LAS VEGAS                                           89109   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                    609,000.00                    609,000.00   First Lien                                    -          609,000.00                           -             870,000.00        1,050,000.00                   70.00
1103631338         LAS VEGAS                                           89178   NV                       20070101                20361201    ARMS                   No                                          360                    360                          357                    414,400.00                    414,400.00   First Lien                                    -          518,000.00                  103,600.00                      -          518,000.00                   80.00
0000000000         XXXXXXX                                             90220   CA                       20070101                20361201    FIXED                  No                                          360                    360                          357                    198,595.00                    198,053.46   First Lien                                    -          198,595.00                           -                      -          420,000.00                   47.28
1103631951         TUCSON                                              85715   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    862,500.00                    862,500.00   First Lien                                    -          920,000.00                   57,500.00                      -        1,150,000.00                   75.00
0000000000         DORAL                                               33166   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    186,130.00                    186,130.00   First Lien                                    -          252,605.00                   66,475.00             265,900.00          266,000.00                   70.00
1103632374         XXXXXX XXXX                                         22546   VA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    188,100.00                    188,100.00   First Lien                                    -          188,100.00                           -                      -          198,000.00                   95.00
1103632425         OXNARD                                              93036   CA                       20070101                20361201    FIXED                  No                                          360                    360                          357                    484,000.00                    482,403.41   First Lien                                    -          544,500.00                   60,500.00                      -          605,000.00                   80.00
1103632669         LAS VEGAS                                           89109   NV                       20070201                20370101    FIXED                  No                                          360                    360                          358                    369,000.00                    369,000.00   First Lien                                    -          369,000.00                           -                      -          615,000.00                   60.00
1103632722         LAS VEGAS                                           89109   NV                       20070201                20370101    FIXED                  No                                          360                    360                          358                    582,000.00                    582,000.00   First Lien                                    -          582,000.00                           -                      -          970,000.00                   60.00
1103632732         XXXXXXX                                             82301   WY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    100,600.00                    100,600.00   First Lien                                    -          120,650.00                   20,050.00                      -          138,000.00                   72.90
1103632963         SAN DIEGO                                           92102   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    228,000.00                    228,000.00   First Lien                                    -          285,000.00                   57,000.00             285,000.00          285,000.00                   80.00
1103633014         STOCKTON                                            95209   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    504,000.00                    502,945.06   First Lien                                    -          567,000.00                   63,000.00                      -          630,000.00                   80.00
0000000000         XXXXXXXXX                                           33837   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    150,000.00                    150,000.00   First Lien                                    -          190,000.00                   40,000.00             200,000.00          200,000.00                   75.00
1103633151         SAN XXXX                                            95116   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    565,950.00                    565,950.00   First Lien                                    -          707,450.00                  141,500.00             707,454.00          710,000.00                   80.00
1103633224         STAMFORD                                             6902   CT                       20070101                20361201    ARMS                   No                                          360                    360                          357                    164,500.00                    164,500.00   First Lien                                    -          235,000.00                   70,500.00             235,000.00          235,000.00                   70.00
1103633318         GULFPORT                                            39507   MS                       20070201                20370101    ARMS                   No                                          360                    360                          358                    284,200.00                    284,200.00   First Lien                                    -          360,000.00                   75,800.00             379,000.00          475,000.00                   74.99
0000000000         SAN DIEGO                                           92101   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    400,000.00                    400,000.00   First Lien                                    -          400,000.00                           -                      -          540,000.00                   74.07
1103633673         OLD BRIDGE                                           8857   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    185,000.00                    185,000.00   First Lien                                    -          185,000.00                           -                      -          333,000.00                   55.56
1103633769         KEANSBURG                                            7734   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    142,500.00                    142,500.00   First Lien                                    -          142,500.00                           -                      -          190,000.00                   75.00
0000000000         TAMPA                                               33604   FL                       20070101                20361201    ARMS                   No                                          360                    360                          357                    105,000.00                    104,764.70   First Lien                                    -          133,000.00                   28,000.00             140,000.00          140,000.00                   75.00
1103634051         SALINAS                                             93905   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    492,000.00                    491,017.97   First Lien                                    -          539,000.00                   47,000.00                      -          615,000.00                   80.00
1103634224         BAKERSFIELD                                         93308   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    244,000.00                    243,774.01   First Lien                                    -          305,000.00                   61,000.00             305,000.00          342,000.00                   80.00
1103634332         XXXXXX                                              90746   CA                       20070101                20361201    FIXED                  No                                          360                    360                          357                    417,000.00                    415,591.91   First Lien                                    -          417,000.00                           -                      -          750,000.00                   55.60
0000000000         RINGGOLD                                            30736   GA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    148,000.00                    147,837.37   First Lien                                    -          148,000.00                           -             185,000.00          185,000.00                   80.00
1103634730         FRESNO                                              93720   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    146,050.00                    146,050.00   First Lien                                    -          208,650.00                   62,600.00             208,650.00          230,000.00                   70.00
1103635046         PERRIS                                              92570   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    380,000.00                    380,000.00   First Lien                                    -          380,000.00                           -                      -          475,000.00                   80.00
0000000000         HERALD                                              95638   CA                       20070201                20270101    FIXED                  No                                          240                    240                          238                    557,500.00                    555,080.77   First Lien                                    -          557,500.00                           -                      -          845,000.00                   65.98
1103635662         PERRIS                                              92570   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    298,800.00                    298,800.00   First Lien                                    -          298,800.00                           -                      -          332,000.00                   90.00
1103635709         DENVER                                              80221   CO                       20070201                20370101    ARMS                   No                                          360                    360                          358                    240,000.00                    240,000.00   First Lien                                    -          304,000.00                   64,000.00                      -          320,000.00                   75.00
1103635773         CAMARILLO                                           93010   CA                       20070101                20361201    FIXED                  No                                          360                    360                          357                    405,000.00                    403,664.00   First Lien                                    -          405,000.00                           -                      -          815,000.00                   49.69
1103635779         XXXX GARDENS                                        90201   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    520,000.00                    519,594.35   First Lien                                    -          520,000.00                           -                      -          715,000.00                   72.73
1103635799         CANOGA PARK                                         91303   CA                       20070101                20361201    FIXED                  No                                          360                    360                          357                    448,000.00                    448,000.00   First Lien                                    -          468,000.00                   20,000.00                      -          560,000.00                   80.00
1103635804         FORT XXXXXXX                                        80528   CO                       20070201                20370101    ARMS                   No                                          360                    360                          358                    626,000.00                    626,000.00   First Lien                                    -          626,000.00                           -                      -        1,060,000.00                   59.06
1103635994         AURORA                                              80016   CO                       20070101                20361201    ARMS                   No                                          360                    360                          357                    510,000.00                    510,000.00   First Lien                                    -          510,000.00                           -                      -          755,000.00                   67.55
1103636117         SAN BERNARDINO                                      92407   CA                       20061201                20361101    ARMS                   No                                          360                    360                          356                    405,000.00                    405,000.00   First Lien                                    -          405,000.00                           -                      -          540,000.00                   75.00
1103636219         XXXXXXX                                             00000   FL                       20061201                20361101    ARMS                   No                                          360                    360                          356                    153,600.00                    153,214.10   First Lien                                    -          153,600.00                           -             192,000.00          192,000.00                   80.00
1103636277         XXXXX                                               80620   CO                       20070301                20370201    ARMS                   No                                          360                    360                          359                    126,750.00                    126,750.00   First Lien                                    -          160,550.00                   33,800.00             169,000.00          169,000.00                   75.00
1103636350         XXXXXXXX                                            00000   XX                       20070101                20361201    ARMS                   No                                          360                    360                          357                    341,836.00                    341,836.00   First Lien                                    -          341,836.00                           -             466,836.00          470,000.00                   73.22
1103636410         HASTINGS                                            55033   MN                       20070201                20370101    FIXED                  No                                          360                    360                          358                    195,650.00                    195,650.00   First Lien                                    -          295,700.00                  100,050.00             311,300.00          317,000.00                   62.85
1103636504         RIALTO                                              92336   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    440,000.00                    440,000.00   First Lien                                    -          550,000.00                  110,000.00             550,000.00          550,000.00                   80.00
1103636520         ROCHESTER                                           55906   MN                       20070201                20220101    FIXED                  No                                          180                    180                          178                    131,500.00                    130,583.74   First Lien                                    -          131,500.00                           -                      -          330,000.00                   39.85
1103636655         XXXXXXXX XXXX                                       00000   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    153,600.00                    153,600.00   First Lien                                    -          192,000.00                   38,400.00             192,000.00          192,000.00                   80.00
1103636716         YUCAIPA                                             92399   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    286,500.00                    286,500.00   First Lien                                    -          305,600.00                   19,100.00             382,000.00          385,000.00                   75.00
1103636729         PATERSON                                             7522   NJ                       20070401                20370301    FIXED                  No                                          360                    360                          360                    304,000.00                    304,000.00   First Lien                                    -          380,000.00                   76,000.00             380,000.00          380,000.00                   80.00
1103636745         INGLEWOOD                                           90301   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    140,000.00                    140,000.00   First Lien                                    -          140,000.00                           -             175,000.00          190,000.00                   80.00
0000000000         TUSTIN                                              92782   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    560,150.00                    560,150.00   First Lien                                    -          560,150.00                           -           1,160,167.00        1,160,500.00                   48.28
1103636823         XXXXX XXXXX                                         00000   CA                       20070201                20220101    FIXED                  No                                          180                    180                          178                    650,000.00                    645,422.88   First Lien                                    -          650,000.00                           -                      -        1,000,000.00                   65.00
1103636850         LAKE ELSINORE                                       92530   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    280,000.00                    280,000.00   First Lien                                    -          280,000.00                           -             350,000.00          350,000.00                   80.00
1103636904         SPRING HILL                                         34606   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                     76,300.00                     76,300.00   First Lien                                    -           96,300.00                   20,000.00              96,300.00          102,000.00                   79.23
1103636905         XXXXXXXX                                            00000   XX                       20070101                20361201    ARMS                   No                                          360                    360                          357                    160,000.00                    160,000.00   First Lien                                    -          180,000.00                   20,000.00             200,000.00          207,000.00                   80.00
1103636911         RANCHO CUCAMONGA                                    91730   CA                       20060401                20360301    ARMS                   No                                          360                    360                          348                    344,000.00                    340,828.80   First Lien                                    -          344,000.00                           -                      -          365,000.00                   94.25
1103636915         PENSACOLA                                           32507   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    268,200.00                    268,200.00   First Lien                                    -          344,800.00                   76,600.00             383,250.00          439,000.00                   69.98
1103636947         CHULA VISTA                                         91911   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    400,000.00                    400,000.00   First Lien                                    -          500,000.00                  100,000.00             500,000.00          500,000.00                   80.00
1103637007         LAS VEGAS                                           89107   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                    168,750.00                    168,750.00   First Lien                                    -          213,750.00                   45,000.00             225,000.00          225,000.00                   75.00
1103637164         (GRANADA HILLS AREA) LOS                            91344   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    449,600.00                    449,600.00   First Lien                                    -          562,000.00                  112,400.00             562,000.00          565,000.00                   80.00
1103637218         OJAI                                                93023   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    498,750.00                    498,750.00   First Lien                                    -          665,000.00                  166,250.00                      -          665,000.00                   75.00
1103637474         JONESBORO                                           30236   GA                       20061101                20361001    FIXED                  No                                          360                    360                          355                    597,700.00                    587,635.07   First Lien                                    -          597,700.00                           -                      -          975,000.00                   61.30
0000000000         CLEARWATER                                          33767   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    305,000.00                    305,000.00   First Lien                                    -          305,000.00                           -                      -          585,000.00                   52.14
1103637690         OCEANSIDE                                           92054   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    496,000.00                    496,000.00   First Lien                                    -          496,000.00                           -                      -        1,050,000.00                   47.24
1103637779         LAKE WORTH                                          33461   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    215,000.00                    215,000.00   First Lien                                    -          236,000.00                   21,000.00                      -          280,000.00                   76.79
1103637781         OLYMPIA                                             98501   WA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    556,000.00                    555,151.26   First Lien                                    -          556,000.00                           -                      -          725,000.00                   76.69
1103637846         POMONA                                              91767   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    219,500.00                    219,139.11   First Lien                                    -          219,500.00                           -                      -          345,000.00                   63.62
1103637870         LOS ANGELES                                         90002   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    248,400.00                    248,400.00   First Lien                                    -          298,100.00                   49,700.00             331,250.00          340,000.00                   74.99
1103637964         XXXXXX                                              00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    465,000.00                    465,000.00   First Lien                                    -          560,000.00                   95,000.00                      -          625,000.00                   74.40
1103637965         THOUSAND OAKS                                       91320   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    283,550.00                    283,550.00   First Lien                                    -          283,550.00                           -                      -          800,000.00                   35.44
1103637976         SAINT XXXXXX                                        84770   UT                       20070201                20370101    ARMS                   No                                          360                    360                          358                    112,000.00                    112,000.00   First Lien                                    -          112,000.00                           -                      -          160,000.00                   70.00
1103638046         WOODBRIDGE                                          22193   VA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    305,000.00                    305,000.00   First Lien                                    -          305,000.00                           -                      -          400,000.00                   76.25
1103638060         CYPRESS                                             90630   CA                       20061201                20361101    ARMS                   No                                          360                    360                          356                    344,000.00                    343,900.00   First Lien                                    -          430,000.00                   86,000.00             430,000.00          430,000.00                   80.00
1103638077         LOS ANGELES                                         90037   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    182,000.00                    181,742.25   First Lien                                    -          247,000.00                   65,000.00             260,000.00          415,000.00                   70.00
1103638257         MIAMI                                               33032   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    155,315.00                    155,315.00   First Lien                                    -          155,315.00                           -             163,490.00          230,000.00                   95.00
1103638365         ELK RIVER                                           55330   MN                       20070201                20370101    ARMS                   No                                          360                    360                          358                    429,600.00                    429,600.00   First Lien                                    -          537,000.00                  107,400.00             537,000.00          537,000.00                   80.00
1103638398         XXX XXXXXXX XXXXXX                                  00000   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    184,000.00                    184,000.00   First Lien                                    -          230,000.00                   46,000.00             230,000.00          230,000.00                   80.00
1103638401         PENSACOLA                                           32507   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    475,500.00                    475,110.24   First Lien                                    -          611,300.00                  135,800.00             679,319.00          699,000.00                   70.00
1103638514         COMPTON                                             90221   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    305,000.00                    305,000.00   First Lien                                    -          305,000.00                           -                      -          425,000.00                   71.76
1103638571         FONTANA                                             92336   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    357,000.00                    357,000.00   First Lien                                    -          357,000.00                           -                      -          510,000.00                   70.00
1103638615         SOMERVILLE                                           2144   MA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    393,750.00                    393,750.00   First Lien                                    -          393,750.00                           -             525,000.00          525,000.00                   75.00
1103638677         HEMET                                               92544   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    176,000.00                    176,000.00   First Lien                                    -          220,000.00                   44,000.00             220,000.00          220,000.00                   80.00
0000000000         XXXXXXXX XXXX                                       00000   VA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    337,600.00                    337,322.73   First Lien                                    -          422,000.00                   84,400.00                      -          422,000.00                   80.00
1103638729         MISSION VIEJO                                       92692   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    417,000.00                    417,000.00   First Lien                                    -          417,000.00                           -                      -          785,000.00                   53.12
1103638735         XXXXXX XXXX XXXXX                                   00000   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    280,000.00                    280,000.00   First Lien                                    -          280,000.00                           -             350,000.00          399,000.00                   80.00
1103638743         XXXXXXX                                             92227   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    201,360.00                    201,360.00   First Lien                                    -          201,360.00                           -                      -          254,000.00                   79.28
1103638819         NATIONAL CITY                                       91950   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    250,000.00                    249,512.79   First Lien                                    -          250,000.00                           -                      -          495,000.00                   50.51
1103638840         TUCSON                                              85704   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    376,000.00                    376,000.00   First Lien                                    -          446,500.00                   70,500.00             470,000.00          470,000.00                   80.00
1103638846         PARAMOUNT                                           90723   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    545,300.00                    545,300.00   First Lien                                    -          701,100.00                  155,800.00             779,000.00          800,000.00                   70.00
1103638851         XXXXXXX                                             81632   CO                       20070201                20370101    ARMS                   No                                          360                    360                          358                    624,700.00                    624,700.00   First Lien                                    -          624,700.00                           -                      -          980,000.00                   63.74
1103638854         POINCIANA                                           34759   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    164,500.00                    164,500.00   First Lien                                    -          235,000.00                   70,500.00                      -          235,000.00                   70.00
1103638942         LAS VEGAS                                           89123   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    297,270.00                    297,270.00   First Lien                                    -          403,438.00                  106,168.00             424,672.00          480,000.00                   70.00
1103638960         XXXXXX BEACH                                        34957   FL                       20070201                20220101    FIXED                  No                                          180                    180                          178                    155,500.00                    154,381.72   First Lien                                    -          155,500.00                           -                      -          294,000.00                   52.89
1103639011         XXXX POINT                                          92629   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    496,300.00                    496,300.00   First Lien                                    -          638,100.00                  141,800.00                      -          709,000.00                   70.00
1103639017         CUMBERLAND                                          21502   MD                       20070301                20370201    ARMS                   No                                          360                    360                          359                    112,000.00                    111,918.94   First Lien                                    -          140,000.00                   28,000.00                      -          140,000.00                   80.00
1103639029         TURLOCK                                             95380   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    228,000.00                    228,000.00   First Lien                                    -          228,000.00                           -                      -          326,000.00                   69.94
1103639156         VAN NUYS AREA                                       91405   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    460,000.00                    460,000.00   First Lien                                    -          460,000.00                           -                      -          575,000.00                   80.00
1103639160         LOS ANGELES                                         90011   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    216,000.00                    216,000.00   First Lien                                    -          216,000.00                           -                      -          400,000.00                   54.00
1103639186         XXXXX XXXX XXXXX                                    00000   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                     55,000.00                     54,850.00   First Lien                                    -           55,000.00                           -             445,000.00          450,000.00                   12.36
1103639192         XXXXXX                                              00000   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    378,000.00                    378,000.00   First Lien                                    -          378,000.00                           -                      -          850,000.00                   44.47
1103639194         SAN DIEGO                                           92127   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                  1,000,000.00                  1,000,000.00   First Lien                                    -        1,215,067.00                  215,067.00           1,350,000.00        1,400,000.00                   74.07
0000000000         ALTADENA                                            91001   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    639,200.00                    639,200.00   First Lien                                    -          716,160.00                   76,960.00                      -          800,000.00                   79.90
1103639273         PERRIS                                              92571   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    361,600.00                    361,600.00   First Lien                                    -          452,000.00                   90,400.00                      -          470,000.00                   76.94
1103639318         KISSIMMEE                                           34743   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    187,000.00                    187,000.00   First Lien                                    -          187,000.00                           -                      -          287,000.00                   65.16
1103639326         XXXXXXX                                             81632   CO                       20070201                20370101    ARMS                   No                                          360                    360                          358                    797,000.00                    795,409.19   First Lien                                    -          797,000.00                           -                      -        2,270,000.00                   35.11
1103639331         CHICO                                               95928   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    588,000.00                    588,000.00   First Lien                                    -          588,000.00                           -                      -          735,000.00                   80.00
1103639417         MOJAVE                                              93501   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    209,300.00                    209,300.00   First Lien                                    -          269,100.00                   59,800.00             299,000.00          305,000.00                   70.00
1103639478         MIAMI                                               33127   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    159,000.00                    158,780.44   First Lien                                    -          159,000.00                           -                      -          212,000.00                   75.00
1103639507         XXXX XXXXX                                          00000   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    180,000.00                    180,000.00   First Lien                                    -          225,000.00                   45,000.00             225,000.00          225,000.00                   80.00
0000000000         CHESAPEAKE                                          23322   VA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    552,400.00                    551,099.40   First Lien                                    -          552,400.00                           -             690,510.00          696,000.00                   80.00
1103639568         XXXXXXXX                                            00000   XX                       20070101                20361201    ARMS                   No                                          360                    360                          357                    131,250.00                    131,250.00   First Lien                                    -          166,250.00                   35,000.00             175,000.00          210,000.00                   75.00
1103639572         ABERDEEN                                            21001   MD                       20070101                20361201    ARMS                   No                                          360                    360                          357                    191,900.00                    191,900.00   First Lien                                    -          217,450.00                   25,550.00                      -          255,900.00                   74.99
1103639573         BALTIMORE                                           21244   MD                       20070101                20361201    ARMS                   No                                          360                    360                          357                    190,000.00                    190,000.00   First Lien                                    -          190,000.00                           -                      -          246,000.00                   77.24
1103639580         PASADENA                                            21122   MD                       20070101                20361201    ARMS                   No                                          360                    360                          357                    548,000.00                    548,000.00   First Lien                                    -          650,750.00                  102,750.00                      -          685,000.00                   80.00
1103639605         DARTMOUTH                                            2747   MA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    472,000.00                    471,208.55   First Lien                                    -          472,000.00                           -                      -          650,000.00                   72.62
1103639616         LAS VEGAS                                           89117   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                    165,250.00                    165,250.00   First Lien                                    -          185,900.00                   20,650.00             206,610.00          207,000.00                   79.98
0000000000         LOS ANGELES                                         90064   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    599,200.00                    599,200.00   First Lien                                    -          748,200.00                  149,000.00             749,000.00          750,000.00                   80.00
1103639665         NOKESVILLE                                          20181   VA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    495,000.00                    495,000.00   First Lien                                    -          660,000.00                  165,000.00                      -          660,000.00                   75.00
0000000000         CANYON COUNTRY                                      91387   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    320,000.00                    320,000.00   First Lien                                    -          320,000.00                           -             440,000.00          440,000.00                   72.73
0000000000         HACKENSACK                                           7601   NJ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    380,000.00                    380,000.00   First Lien                                    -          475,000.00                   95,000.00             475,000.00          476,000.00                   80.00
1103639866         RANCHO CUCAMONGA                                    91737   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    270,000.00                    270,000.00   First Lien                                    -          270,000.00                           -                      -          750,000.00                   36.00
1103639867         LYNWOOD                                             90262   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    336,000.00                    336,000.00   First Lien                                    -          420,000.00                   84,000.00             420,000.00          420,000.00                   80.00
1103639875         GARDEN GROVE                                        92845   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    445,200.00                    445,200.00   First Lien                                    -          540,600.00                   95,400.00                      -          636,000.00                   70.00
1103639902         TAKOMA PARK                                         20912   MD                       20070201                20370101    ARMS                   No                                          360                    360                          358                    224,000.00                    224,000.00   First Lien                                    -          304,000.00                   80,000.00             320,000.00          320,000.00                   70.00
1103639929         MISSION VIEJO                                       92691   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    525,000.00                    523,926.86   First Lien                                    -          525,000.00                           -                      -          910,000.00                   57.69
1103639974         RIVERSIDE                                           92509   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    333,750.00                    333,750.00   First Lien                                    -          394,750.00                   61,000.00                      -          445,000.00                   75.00
1103639979         SANTA XXXXX                                         93454   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    363,750.00                    363,750.00   First Lien                                    -          363,750.00                           -                      -          485,000.00                   75.00
1103640004         SANTA XXXXX                                         93454   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    313,500.00                    313,500.00   First Lien                                    -          313,500.00                           -                      -          405,000.00                   77.41
1103640107         XXXXXXXXXX XXXXX                                    00000   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    481,850.00                    481,850.00   First Lien                                    -          481,850.00                           -                      -          642,500.00                   75.00
1103640124         XXXXXXXXXX                                          00000   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    544,000.00                    544,000.00   First Lien                                    -          680,000.00                  136,000.00             680,000.00          680,000.00                   80.00
1103640158         SAN XXXXXX                                          94901   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    530,000.00                    529,015.63   First Lien                                    -          530,000.00                           -                      -        2,350,000.00                   22.55
1103640172         SAN BERNARDINO                                      92407   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    423,200.00                    423,200.00   First Lien                                    -          529,000.00                  105,800.00             529,000.00          529,000.00                   80.00
1103640195         XXXX XXXXXX XXXX                                    00000   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    364,000.00                    364,000.00   First Lien                                    -          364,000.00                           -                      -          455,000.00                   80.00
1103640236         STERLING                                            20165   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    200,000.00                    199,687.02   First Lien                                    -          200,000.00                           -                      -          300,000.00                   66.67
1103640267         COACHELLA                                           92236   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    150,000.00                    149,714.60   First Lien                                    -          150,000.00                           -                      -          315,000.00                   47.62
1103640282         LAS VEGAS                                           89109   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                    616,000.00                    616,000.00   First Lien                                    -          616,000.00                           -             880,000.00        1,050,000.00                   70.00
1103640297         CHICAGO                                             60649   IL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    189,000.00                    188,822.94   First Lien                                    -          189,000.00                           -             210,000.00          210,000.00                   90.00
1103640353         OCALA                                               34472   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    140,000.00                    139,729.76   First Lien                                    -          140,000.00                           -                      -          175,000.00                   80.00
1103640357         XXXXXXXXXX                                          00000   MD                       20070201                20370101    ARMS                   No                                          360                    360                          358                    233,600.00                    233,252.18   First Lien                                    -          292,000.00                   58,400.00                      -          292,000.00                   80.00
0000000000         FRESNO                                              93703   CA                       20070201                20220101    FIXED                  No                                          180                    180                          178                    100,001.00                     99,326.07   First Lien                                    -          100,001.00                           -                      -          165,000.00                   60.61
1103640408         RIALTO                                              92376   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    352,000.00                    352,000.00   First Lien                                    -          440,000.00                   88,000.00             440,000.00          470,000.00                   80.00
1103640436         THOUSAND OAKS                                       91362   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    520,000.00                    520,000.00   First Lien                                    -          520,000.00                           -                      -        1,015,000.00                   51.23
1103640464         FORT XXXXX                                          33966   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    135,920.00                    135,759.76   First Lien                                    -          135,920.00                           -             169,900.00          195,000.00                   80.00
1103640504         MENLO PARK                                          94025   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    550,000.00                    548,875.75   First Lien                                    -          550,000.00                           -                      -        1,050,000.00                   52.38
1103640511         XXXXXX                                              00000   XX                       20070201                20370101    FIXED                  No                                          360                    360                          358                    385,000.00                    384,093.53   First Lien                                    -          522,500.00                  137,500.00                      -          550,000.00                   70.00
1103640526         XXXXXX                                              00000   XX                       20070201                20370101    ARMS                   No                                          360                    360                          358                    355,600.00                    355,600.00   First Lien                                    -          444,500.00                   88,900.00             444,500.00          525,000.00                   80.00
1103640559         XXXXXX XXXXX                                        00000   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    576,000.00                    576,000.00   First Lien                                    -          576,000.00                           -                      -          720,000.00                   80.00
1103640568         XXXXXX XXXX                                         00000   MO                       20070201                20370101    ARMS                   No                                          360                    360                          358                    108,000.00                    107,911.44   First Lien                                    -          108,000.00                           -                      -          135,000.00                   80.00
1103640628         LOS ANGELES                                         91411   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    272,000.00                    272,000.00   First Lien                                    -          306,000.00                   34,000.00                      -          340,000.00                   80.00
0000000000         DALLAS                                              75201   TX                       20070101                20361201    ARMS                   No                                          360                    360                          357                    322,000.00                    321,520.55   First Lien                                    -          437,000.00                  115,000.00             460,000.00          460,000.00                   70.00
1103640659         SAN DIEGO                                           92124   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    290,500.00                    290,500.00   First Lien                                    -          290,500.00                           -                      -          415,000.00                   70.00
1103640693         XXX XXXXXX                                          00000   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    450,000.00                    450,000.00   First Lien                                    -          450,000.00                           -                      -          680,000.00                   66.18
1103640699         DEL REY                                             93616   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    105,000.00                    104,795.38   First Lien                                    -          105,000.00                           -                      -          192,000.00                   54.69
1103640711         SAN DIEGO                                           92105   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    166,000.00                    166,000.00   First Lien                                    -          166,000.00                           -                      -          360,000.00                   46.11
1103640727         LODI                                                95242   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    304,500.00                    304,499.99   First Lien                                    -          413,250.00                  108,750.00                      -          435,000.00                   70.00
1103640762         XXXXXXXX XXXX                                       00000   MD                       20070101                20361201    ARMS                   No                                          360                    360                          357                    195,200.00                    195,200.00   First Lien                                    -          211,499.00                   16,299.00                      -          244,000.00                   80.00
1103640775         XXXXXXXXXX                                          00000   AZ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    904,000.00                    904,000.00   First Lien                                    -        1,104,000.00                  200,000.00           1,130,000.00        1,130,000.00                   80.00
1103640778         LAWRENCEVILLE                                       30043   GA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    155,920.00                    155,920.00   First Lien                                    -          175,410.00                   19,490.00             194,900.00          196,000.00                   80.00
1103640793         CHANTILLY                                           20151   VA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    400,000.00                    400,000.00   First Lien                                    -          500,000.00                  100,000.00             500,000.00          502,000.00                   80.00
1103640794         ANNANDALE                                           22003   VA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    580,000.00                    580,000.00   First Lien                                    -          580,000.00                           -                      -          725,000.00                   80.00
1103640798         HENDERSONVILLE                                      37075   TN                       20070101                20361201    ARMS                   No                                          360                    360                          357                    260,583.00                    260,583.00   First Lien                                    -          309,442.00                   48,859.00             325,729.00          326,000.00                   80.00
1103640806         FAIRFAX                                             22032   VA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    292,000.00                    291,103.03   First Lien                                    -          346,750.00                   54,750.00             365,000.00          390,000.00                   80.00
1103640816         CULPEPER                                            22701   VA                       20070101                20361201    FIXED                  No                                          360                    360                          357                    417,000.00                    415,686.94   First Lien                                    -          498,690.00                   81,690.00                      -          525,000.00                   79.43
1103640822         STERLING                                            20165   VA                       20070101                20361201    FIXED                  No                                          360                    360                          357                    368,000.00                    368,000.00   First Lien                                    -          414,000.00                   46,000.00             460,000.00          474,000.00                   80.00
1103640823         NORTH MIAMI BEACH                                   33160   FL                       20070101                20361201    FIXED                  No                                          360                    360                          357                    600,000.00                    600,000.00   First Lien                                    -          750,000.00                  150,000.00             750,000.00          818,000.00                   80.00
1103640825         XXXXX                                               22015   VA                       20061201                20361201    FIXED                  Yes                                         360                    480                          356                    209,500.00                    209,096.23   First Lien                                    -          209,500.00                           -             372,500.00          385,000.00                   56.24
1103640827         MANTECA                                             95336   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    284,700.00                    284,700.00   First Lien                                    -          390,000.00                  105,300.00                      -          390,000.00                   73.00
1103640891         TUCSON                                              85730   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    144,000.00                    144,000.00   First Lien                                    -          144,000.00                           -                      -          180,000.00                   80.00
1103640932         XXXXXXXXXX                                          00000   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    500,000.00                    500,000.00   First Lien                                    -          625,000.00                  125,000.00             625,000.00          625,000.00                   80.00
1103640939         XXXXXXXX XXXXXXX                                    00000   CO                       20070201                20370101    ARMS                   No                                          360                    360                          358                    182,000.00                    182,000.00   First Lien                                    -          247,000.00                   65,000.00             260,000.00          264,000.00                   70.00
1103640942         SAN DIEGO                                           92101   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    403,750.00                    403,442.78   First Lien                                    -          403,750.00                           -             425,000.00          425,000.00                   95.00
1103640954         XXXXX XXXXX                                         00000   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    111,000.00                    111,000.00   First Lien                                    -          140,600.00                   29,600.00             148,000.00          170,000.00                   75.00
1103640963         SAN FRANCISCO                                       94110   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                  1,000,000.00                  1,000,000.00   First Lien                                    -        1,310,000.00                  310,000.00                      -        1,695,000.00                   59.00
1103640964         OXNARD                                              93030   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    424,000.00                    424,000.00   First Lien                                    -          530,000.00                  106,000.00                      -          530,000.00                   80.00
1103640981         XXXXXXX                                             81632   CO                       20070201                20370101    FIXED                  No                                          360                    360                          358                    519,000.00                    517,964.08   First Lien                                    -          519,000.00                           -                      -        1,015,000.00                   51.13
1103640999         VAN NUYS                                            91401   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    552,000.00                    552,000.00   First Lien                                    -          552,000.00                           -                      -          752,000.00                   73.40
0000000000         RIALTO                                              92377   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    360,000.00                    359,347.36   First Lien                                    -          450,000.00                   90,000.00             450,000.00          450,000.00                   80.00
1103641005         LEMON GROVE                                         91945   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    335,000.00                    335,000.00   First Lien                                    -          335,000.00                           -                      -          460,000.00                   72.83
1103641007         BURBANK                                             91501   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          625,000.00                  125,000.00             625,000.00          625,000.00                   80.00
1103641018         ANAHEIM                                             92808   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -          950,000.00                  200,000.00             950,000.00          978,000.00                   78.95
1103641049         LAKEWOOD                                            90712   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    429,700.00                    429,320.89   First Lien                                    -          544,300.00                  114,600.00                      -          573,000.00                   74.99
1103641064         XXXX XXXXXXXXXX                                     00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    400,000.00                    399,695.63   First Lien                                    -          400,000.00                           -                      -          867,000.00                   46.14
1103641067         KISSIMMEE                                           34744   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    226,700.00                    226,700.00   First Lien                                    -          272,000.00                   45,300.00             302,273.00          308,100.00                   75.00
1103641070         CHULA VISTA                                         91911   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    434,000.00                    434,000.00   First Lien                                    -          589,000.00                  155,000.00                      -          620,000.00                   70.00
0000000000         CLEARLAKE                                           95422   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    147,700.00                    147,700.00   First Lien                                    -          147,700.00                           -                      -          211,000.00                   70.00
0000000000         PALM DESERT                                         92260   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    303,750.00                    303,750.00   First Lien                                    -          303,750.00                           -                      -          405,000.00                   75.00
1103641140         VICTORVILLE                                         92392   CA                       20070201                20370101    ARMS                   Yes                                         360                    480                          358                    332,000.00                    331,779.73   First Lien                                    -          332,000.00                           -                      -          415,000.00                   80.00
1103641151         SAN DIEGO                                           92104   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    208,000.00                    208,000.00   First Lien                                    -          247,000.00                   39,000.00             260,000.00          270,000.00                   80.00
1103641152         ATLANTA                                             30317   GA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    236,720.00                    236,720.00   First Lien                                    -          295,900.00                   59,180.00             295,900.00          350,000.00                   80.00
1103641156         BALTIMORE                                           21231   MD                       20070101                20361201    ARMS                   No                                          360                    360                          357                    400,000.00                    400,000.00   First Lien                                    -          500,000.00                  100,000.00             500,000.00          500,000.00                   80.00
1103641158         SAN DIEGO                                           92113   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    378,000.00                    378,000.00   First Lien                                    -          378,000.00                           -                      -          650,000.00                   58.15
1103641179         RANCHO SAN DIEGO                                    92019   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    233,592.00                    233,592.00   First Lien                                    -          291,990.00                   58,398.00             291,990.00          330,000.00                   80.00
1103641188         LOS ANGELES                                         90003   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    488,000.00                    488,000.00   First Lien                                    -          610,000.00                  122,000.00             610,000.00          610,000.00                   80.00
1103641189         ANNANDALE                                           22003   VA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    476,000.00                    476,000.00   First Lien                                    -          595,000.00                  119,000.00             595,000.00          602,000.00                   80.00
1103641195         LOS ANGELES                                         90044   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    496,000.00                    496,000.00   First Lien                                    -          620,000.00                  124,000.00             620,000.00          620,000.00                   80.00
1103641207         ALISO VIEJO                                         92656   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    352,000.00                    352,000.00   First Lien                                    -          440,000.00                   88,000.00                      -          440,000.00                   80.00
1103641235         SAN DIEGO                                           92154   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          500,000.00                   60.00
1103641275         TURLOCK                                             95382   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    420,000.00                    420,000.00   First Lien                                    -          420,000.00                           -                      -          525,000.00                   80.00
1103641309         XXXXX ISLAND                                        98261   WA                       20070401                20370301    FIXED                  No                                          360                    360                          360                  1,000,000.00                  1,000,000.00   First Lien                                    -        1,000,000.00                           -                      -        1,500,000.00                   66.67
1103641354         GARDEN GROVE                                        92840   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    365,600.00                    365,600.00   First Lien                                    -          457,000.00                   91,400.00             457,000.00          457,000.00                   80.00
1103641358         XXXXXXX                                             00000   XX                       20070201                20370101    ARMS                   No                                          360                    360                          358                    247,425.00                    247,425.00   First Lien                                    -          313,405.00                   65,980.00             329,900.00          330,000.00                   75.00
1103641370         SPRINGFIELD                                         22152   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    528,000.00                    528,000.00   First Lien                                    -          584,000.00                   56,000.00                      -          660,000.00                   80.00
1103641388         GRAND TERRACE                                       92313   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    202,500.00                    202,500.00   First Lien                                    -          202,500.00                           -                      -          453,000.00                   44.70
1103641404         XXXXXXXXXX                                          00000   MD                       20070201                20220101    FIXED                  No                                          180                    180                          178                    161,000.00                    159,958.93   First Lien                                    -          161,000.00                           -                      -          266,000.00                   60.53
1103641448         ESCONDIDO                                           92029   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    330,000.00                    330,000.00   First Lien                                    -          330,000.00                           -                      -          475,000.00                   69.47
1103641495         SAN XXXXX                                           90731   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    650,000.00                    650,000.00   First Lien                                    -          760,000.00                  110,000.00                      -          980,000.00                   66.33
1103641543         LAS VEGAS                                           89148   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                    244,000.00                    244,000.00   First Lien                                    -          289,750.00                   45,750.00             305,000.00          305,000.00                   80.00
1103641550         ENCINITAS                                           92024   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    408,450.00                    408,450.00   First Lien                                    -          554,250.00                  145,800.00                      -          583,500.00                   70.00
1103641561         PHOENIX                                             85020   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    336,000.00                    336,000.00   First Lien                                    -          336,000.00                           -                      -          480,000.00                   70.00
1103641562         PHOENIX                                             85050   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    175,295.00                    175,295.00   First Lien                                    -          175,295.00                           -             285,000.00          290,000.00                   61.51
1103641575         XXXXXXX                                             00000   XX                       20070201                20370101    FIXED                  No                                          360                    360                          358                    509,600.00                    508,630.44   First Lien                                    -          509,600.00                           -                      -          670,000.00                   76.06
1103641606         XXXXXXXX                                            10528   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    900,000.00                    900,000.00   First Lien                                    -          900,000.00                           -           1,310,000.00        1,350,000.00                   68.70
0000000000         EAST ORANGE                                          7018   NJ                       20070101                20361201    FIXED                  No                                          360                    360                          357                    150,000.00                    149,619.79   First Lien                                    -          150,000.00                           -                      -          305,000.00                   49.18
1103641616         MANVILLE                                             8835   NJ                       20070101                20361201    FIXED                  No                                          360                    360                          357                    275,200.00                    274,567.91   First Lien                                    -          309,600.00                   34,400.00                      -          344,000.00                   80.00
0000000000         LAKEWOOD                                             8701   NJ                       20070101                20361201    FIXED                  No                                          360                    360                          357                    268,000.00                    267,414.37   First Lien                                    -          268,000.00                           -             335,000.00          335,000.00                   80.00
1103641641         PICO XXXXXX                                         90660   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    379,000.00                    379,000.00   First Lien                                    -          379,000.00                           -                      -          555,000.00                   68.29
1103641652         GARDEN GROVE                                        92843   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    328,000.00                    328,000.00   First Lien                                    -          328,000.00                           -                      -          419,000.00                   78.28
1103641701         KISSIMMEE                                           34741   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    157,500.00                    157,367.68   First Lien                                    -          199,500.00                   42,000.00             210,000.00          230,000.00                   75.00
1103641708         LA MIRADA                                           90638   CA                       20070201                20370201    FIXED                  Yes                                         360                    480                          358                    472,500.00                    472,055.58   First Lien                                    -          472,500.00                           -             612,500.00          615,000.00                   77.14
1103641717         LAKE FOREST                                         92630   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    292,500.00                    292,484.38   First Lien                                    -          340,000.00                   47,500.00                      -          390,000.00                   75.00
1103641734         LA HABRA                                            90631   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    233,500.00                    233,044.94   First Lien                                    -          233,500.00                           -                      -          450,000.00                   51.89
1103641736         SACRAMENTO                                          95822   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    420,000.00                    420,000.00   First Lien                                    -          420,000.00                           -                      -          560,000.00                   75.00
0000000000         SIGNAL HILL                                         90755   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    440,000.00                    440,000.00   First Lien                                    -          550,000.00                  110,000.00             550,000.00          550,000.00                   80.00
1103641801         ANAHEIM                                             92808   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    175,000.00                    175,000.00   First Lien                                    -          175,000.00                           -             359,000.00          359,000.00                   48.75
1103641804         MOORPARK                                            93021   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    276,000.00                    276,000.00   First Lien                                    -          276,000.00                           -                      -          730,000.00                   37.81
1103641822         BROOKLYN                                            11238   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    600,000.00                    599,688.95   First Lien                                    -          600,000.00                           -                      -          800,000.00                   75.00
1103641827         SAN DIEGO                                           92114   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    405,000.00                    405,000.00   First Lien                                    -          405,000.00                           -                      -          540,000.00                   75.00
1103641833         CHATHAM                                              7928   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    535,500.00                    535,500.00   First Lien                                    -          688,500.00                  153,000.00             765,000.00          785,000.00                   70.00
1103641841         LAS VEGAS                                           89123   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    216,000.00                    216,000.00   First Lien                                    -          270,000.00                   54,000.00             270,000.00          287,000.00                   80.00
1103641850         ORLANDO                                             32822   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                     83,230.00                     83,230.00   First Lien                                    -          112,955.00                   29,725.00             118,900.00          123,000.00                   70.00
1103641884         PALMDALE                                            93550   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    300,000.00                    299,456.13   First Lien                                    -          300,000.00                           -                      -          425,000.00                   70.59
1103641890         XXXXX XXXXX XXXXX                                   00000   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    316,800.00                    316,316.40   First Lien                                    -          356,400.00                   39,600.00             396,616.00          690,000.00                   79.88
1103641899         LONG BEACH                                          90805   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    435,000.00                    435,000.00   First Lien                                    -          435,000.00                           -                      -          580,000.00                   75.00
0000000000         NORFOLK                                             23508   VA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    126,000.00                    126,000.00   First Lien                                    -          126,000.00                           -                      -          168,000.00                   75.00
1103641938         MOUNT XXXXXX                                        98274   WA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    359,200.00                    359,200.00   First Lien                                    -          449,000.00                   89,800.00             449,000.00          449,000.00                   80.00
1103641953         SIMI VALLEY                                         93063   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    745,500.00                    745,500.00   First Lien                                    -        1,065,000.00                  319,500.00                      -        1,065,000.00                   70.00
1103641972         ASHBURN                                             20147   VA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    650,000.00                    650,000.00   First Lien                                    -          650,000.00                           -                      -        1,015,000.00                   64.04
0000000000         CITRUS HEIGHTS                                      95621   CA                       20070201                20370301    FIXED                  Yes                                         360                    480                          358                    318,750.00                    318,450.20   First Lien                                    -          318,750.00                           -                      -          425,000.00                   75.00
1103641984         PICO XXXXXX                                         90660   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    300,000.00                    299,747.96   First Lien                                    -          300,000.00                           -                      -          525,000.00                   57.14
1103641988         LA HABRA                                            90631   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    404,000.00                    404,000.00   First Lien                                    -          505,000.00                  101,000.00                      -          505,000.00                   80.00
1103642007         LAGUNITAS                                           94938   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    764,000.00                    764,000.00   First Lien                                    -          955,000.00                  191,000.00             955,000.00          955,000.00                   80.00
1103642008         XXXXXXXXX                                           00000   XX                       20070101                20361201    ARMS                   No                                          360                    360                          357                    840,000.00                    840,000.00   First Lien                                    -          840,000.00                           -                      -        1,050,000.00                   80.00
0000000000         RANCHO CUCAMONGA                                    91737   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    381,000.00                    381,000.00   First Lien                                    -          381,000.00                           -                      -          545,000.00                   69.91
1103642059         YUMA                                                85367   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    255,000.00                    255,000.00   First Lien                                    -          255,000.00                           -                      -          295,000.00                   86.44
0000000000         XXXXXXX                                             96002   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    320,000.00                    320,000.00   First Lien                                    -          380,000.00                   60,000.00                      -          400,000.00                   80.00
1103642077         PANAMA CITY                                         32404   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    128,000.00                    127,784.52   First Lien                                    -          128,000.00                           -                      -          182,000.00                   70.33
1103642084         XXXXX XXXXX                                         00000   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    511,000.00                    511,000.00   First Lien                                    -          693,500.00                  182,500.00                      -          730,000.00                   70.00
1103642102         XXXXXXX                                             81632   CO                       20070301                20370201    ARMS                   No                                          360                    360                          359                    468,300.00                    468,300.00   First Lien                                    -          669,000.00                  200,700.00             669,000.00          670,000.00                   70.00
0000000000         TAMPA                                               33626   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    350,000.00                    350,000.00   First Lien                                    -          350,000.00                           -                      -          442,000.00                   79.19
1103642166         EL CAJON                                            92021   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    376,000.00                    376,000.00   First Lien                                    -          376,000.00                           -                      -          470,000.00                   80.00
0000000000         XXXXXXXXX XXXXX                                     00000   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -          750,000.00                           -           1,080,000.00        1,100,000.00                   69.44
1103642178         RESEDA                                              91335   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    496,000.00                    496,000.00   First Lien                                    -          496,000.00                           -                      -          775,000.00                   64.00
1103642180         XXXX XXXXXXXXX                                      00000   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    108,500.00                    108,500.00   First Lien                                    -          147,250.00                   38,750.00                      -          155,000.00                   70.00
1103642211         MISSION HILLS                                       91345   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    220,000.00                    219,550.31   First Lien                                    -          220,000.00                           -                      -          590,000.00                   37.29
1103642221         XXXXXX VALLEY                                       92551   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    262,500.00                    262,500.00   First Lien                                    -          332,500.00                   70,000.00                      -          350,000.00                   75.00
1103642279         ORLAND                                              95963   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    197,600.00                    197,600.00   First Lien                                    -          222,300.00                   24,700.00             247,000.00          247,000.00                   80.00
1103642282         SAN FRANCISCO                                       94134   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          725,000.00                   41.38
1103642288         FOLSOM                                              95630   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    437,500.00                    437,500.00   First Lien                                    -          501,400.00                   63,900.00                      -          625,000.00                   70.00
1103642290         MONTVALE                                             7645   NJ                       20061201                20361101    FIXED                  No                                          360                    360                          356                    600,000.00                    600,000.00   First Lien                                    -          692,750.00                   92,750.00             815,000.00          815,000.00                   73.62
1103642291         NORWALK                                              6854   CT                       20061201                20361101    FIXED                  No                                          360                    360                          356                    570,000.00                    570,000.00   First Lien                                    -          760,000.00                  190,000.00                      -          950,000.00                   60.00
1103642292         SPRINGFIELD                                          7081   NJ                       20061201                20361101    FIXED                  No                                          360                    360                          356                    400,000.00                    400,000.00   First Lien                                    -          400,000.00                           -                      -          515,000.00                   77.67
1103642293         XXXXXXX XXXX                                        00000   NY                       20061201                20361101    FIXED                  No                                          360                    360                          356                    250,000.00                    250,000.00   First Lien                                    -          250,000.00                           -                      -          455,000.00                   54.95
1103642294         EAST ORANGE                                          7017   NJ                       20061201                20361101    FIXED                  No                                          360                    360                          356                    224,000.00                    223,392.77   First Lien                                    -          224,000.00                           -                      -          280,000.00                   80.00
1103642297         EAST MEADOW                                         11554   NY                       20061101                20361001    FIXED                  No                                          360                    360                          355                    416,250.00                    416,250.00   First Lien                                    -          416,250.00                           -                      -          555,000.00                   75.00
0000000000         BROOKLYN                                            11228   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    150,000.00                    150,000.00   First Lien                                    -          150,000.00                           -                      -          635,000.00                   23.62
1103642299         MOUNT KISCO                                         10549   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    999,000.00                    999,000.00   First Lien                                    -          999,000.00                           -                      -        1,350,000.00                   74.00
1103642300         BROOKLYN                                            11228   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    600,000.00                    600,000.00   First Lien                                    -          600,000.00                           -                      -          800,000.00                   75.00
1103642301         NORTH BERGEN                                         7047   NJ                       20070101                20361201    FIXED                  No                                          360                    360                          357                    304,000.00                    304,000.00   First Lien                                    -          342,000.00                   38,000.00                      -          380,000.00                   80.00
1103642302         MORRISTOWN                                           7960   NJ                       20070101                20361201    FIXED                  No                                          360                    360                          357                    617,500.00                    617,500.00   First Lien                                    -          617,500.00                           -                      -          950,000.00                   65.00
1103642303         FREEPORT                                            11520   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    360,750.00                    360,750.00   First Lien                                    -          360,750.00                           -                      -          555,000.00                   65.00
1103642304         KINGS PARK                                          11754   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    417,000.00                    417,000.00   First Lien                                    -          508,500.00                   91,500.00                      -          565,000.00                   73.81
1103642305         STAMFORD                                             6903   CT                       20070101                20361201    FIXED                  No                                          360                    360                          357                    925,000.00                    925,000.00   First Lien                                    -          925,000.00                           -                      -        1,475,000.00                   62.71
0000000000         RINGOES                                              8551   NJ                       20070101                20361201    FIXED                  No                                          360                    360                          357                    495,000.00                    495,000.00   First Lien                                    -          495,000.00                           -                      -          660,000.00                   75.00
1103642307         SOMERSET                                             8873   NJ                       20070201                20370101    FIXED                  No                                          360                    360                          358                    304,000.00                    304,000.00   First Lien                                    -          380,000.00                   76,000.00                      -          380,000.00                   80.00
1103642308         XXXXXX                                               7421   NJ                       20070201                20370101    FIXED                  No                                          360                    360                          358                    260,000.00                    260,000.00   First Lien                                    -          260,000.00                           -                      -          325,000.00                   80.00
1103642310         BUFFALO                                             14207   NY                       20061201                20361101    FIXED                  No                                          360                    360                          356                     94,400.00                     94,144.11   First Lien                                    -           94,400.00                           -             118,000.00          118,000.00                   80.00
1103642311         SPEONK                                              11972   NY                       20061201                20361101    FIXED                  No                                          360                    360                          356                    400,000.00                    398,610.77   First Lien                                    -          400,000.00                           -                      -          560,000.00                   71.43
1103642313         NORTH BABYLON                                       11703   NY                       20061201                20361101    FIXED                  No                                          360                    360                          356                    345,000.00                    343,858.90   First Lien                                    -          345,000.00                           -                      -          460,000.00                   75.00
0000000000         XXXXXXXXX                                           00000   XX                       20061201                20361101    FIXED                  No                                          360                    360                          356                    328,000.00                    326,888.24   First Lien                                    -          389,500.00                   61,500.00                      -          410,000.00                   80.00
1103642315         XXXXXXXXXXX                                         00000   XX                       20061201                20361101    FIXED                  No                                          360                    360                          356                    650,000.00                    647,796.83   First Lien                                    -          650,000.00                           -                      -        1,550,000.00                   41.94
1103642317         STATEN ISLAND                                       10312   NY                       20061201                20361101    FIXED                  No                                          360                    360                          356                    305,500.00                    304,386.28   First Lien                                    -          305,500.00                           -                      -          475,000.00                   64.32
1103642318         SAINT XXXXX                                         11780   NY                       20061201                20361101    FIXED                  No                                          360                    360                          356                    412,500.00                    411,135.64   First Lien                                    -          495,000.00                   82,500.00                      -          550,000.00                   75.00
1103642319         NEW YORK                                            10023   NY                       20061201                20361101    FIXED                  No                                          360                    360                          356                    510,000.00                    508,354.07   First Lien                                    -          612,000.00                  102,000.00                      -          680,000.00                   75.00
1103642321         HUNTIGTON STATION                                   11746   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    260,000.00                    259,356.89   First Lien                                    -          260,000.00                           -                      -          435,000.00                   59.77
1103642323         RONKONKOMA                                          11779   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    250,000.00                    249,381.63   First Lien                                    -          250,000.00                           -                      -          360,000.00                   69.44
1103642325         BROOKLYN                                            11228   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    300,000.00                    299,220.77   First Lien                                    -          350,000.00                   50,000.00                      -          555,000.00                   54.05
1103642326         BROOKLYN                                            11236   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    380,000.00                    378,916.34   First Lien                                    -          380,000.00                           -                      -          700,000.00                   54.29
1103642328         BROOKLYN                                            11201   NY                       20070201                20370101    FIXED                  No                                          360                    360                          358                    800,000.00                    798,671.67   First Lien                                    -          800,000.00                           -                      -        1,850,000.00                   43.24
0000000000         STATEN ISLAND                                       10310   NY                       20061201                20211101    FIXED                  No                                          180                    180                          176                    125,000.00                    123,391.54   First Lien                                    -          125,000.00                           -             369,000.00          370,000.00                   33.88
1103642332         STATEN ISLAND                                       10309   NY                       20061201                20211101    FIXED                  No                                          180                    180                          176                    472,000.00                    466,055.24   First Lien                                    -          472,000.00                           -                      -          825,000.00                   57.21
1103642334         YONKERS                                             10710   NY                       20070101                20211201    FIXED                  No                                          180                    180                          177                    138,000.00                    136,643.27   First Lien                                    -          138,000.00                           -             690,000.00          690,000.00                   20.00
1103642335         LA QUINTA                                           92253   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    412,000.00                    412,000.00   First Lien                                    -          412,000.00                           -             515,000.00          515,000.00                   80.00
1103642341         XXXX XXX                                            00000   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    172,000.00                    172,000.00   First Lien                                    -          172,000.00                           -                      -          225,000.00                   76.44
1103642342         XXXXXX VALLEY                                       92553   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    220,000.00                    220,000.00   First Lien                                    -          261,250.00                   41,250.00             275,000.00          340,000.00                   80.00
1103642344         TOOELE                                              84074   UT                       20070201                20370101    ARMS                   No                                          360                    360                          358                    134,000.00                    134,000.00   First Lien                                    -          134,000.00                           -             167,500.00          167,500.00                   80.00
1103642346         LINDSAY                                             93247   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    100,650.00                    100,469.29   First Lien                                    -          100,650.00                           -                      -          183,000.00                   55.00
1103642354         XXXXXX                                              00000   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    401,250.00                    401,250.00   First Lien                                    -          508,250.00                  107,000.00             535,000.00          545,000.00                   75.00
0000000000         XXXXXXX                                             00000   XX                       20070201                20370101    ARMS                   No                                          360                    360                          358                    336,000.00                    336,000.00   First Lien                                    -          336,000.00                           -                      -          420,000.00                   80.00
1103642381         XXXX XXXXX                                          00000   FL                       20070101                20361201    FIXED                  No                                          360                    360                          357                    170,300.00                    169,812.70   First Lien                                    -          170,300.00                           -                      -          262,000.00                   65.00
1103642406         CARLSBAD                                            92009   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    777,000.00                    777,000.00   First Lien                                    -          777,000.00                           -                      -        1,200,000.00                   64.75
1103642411         EL DORADO                                           95623   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    473,000.00                    473,000.00   First Lien                                    -          473,000.00                           -                      -          770,000.00                   61.43
1103642422         MISSION VIEJO                                       92691   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    272,000.00                    272,000.00   First Lien                                    -          272,000.00                           -                      -          390,000.00                   69.74
1103642434         XXXXXXXX                                            85225   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    123,112.00                    123,112.00   First Lien                                    -          147,734.00                   24,622.00             164,150.00          166,000.00                   75.00
0000000000         XXXXX                                               95618   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    375,000.00                    375,000.00   First Lien                                    -          424,000.00                   49,000.00                      -          500,000.00                   75.00
1103642448         XXXX XXXXXXXXXX                                     00000   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    280,000.00                    279,504.56   First Lien                                    -          280,000.00                           -                      -          387,000.00                   72.35
1103642465         ROSEVILLE                                           95678   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    378,000.00                    377,245.52   First Lien                                    -          472,000.00                   94,000.00                      -          540,000.00                   70.00
1103642474         XXXXXXX HEIGHTS AREA                                91748   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    210,000.00                    210,000.00   First Lien                                    -          210,000.00                           -                      -          445,000.00                   47.19
1103642484         XXXXXXX                                             93905   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    440,000.00                    439,142.50   First Lien                                    -          440,000.00                           -                      -          550,000.00                   80.00
1103642485         LANSING                                             48910   MI                       20070101                20361201    ARMS                   No                                          360                    360                          357                     68,000.00                     67,847.64   First Lien                                    -           80,750.00                   12,750.00              85,000.00           85,000.00                   80.00
1103642487         XXXXXX XXXXX                                        00000   FL                       20070101                20361201    ARMS                   No                                          360                    360                          357                    228,000.00                    228,000.00   First Lien                                    -          285,000.00                   57,000.00             285,000.00          285,000.00                   80.00
1103642489         XXXXXXX                                             95330   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    335,543.00                    335,543.00   First Lien                                    -          419,428.00                   83,885.00             419,429.00          435,000.00                   80.00
1103642490         SANTA CLARITA AREA                                  91350   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    387,081.00                    387,081.00   First Lien                                    -          483,852.00                   96,771.00             483,852.00          625,000.00                   80.00
1103642491         SANTA CLARITA AREA                                  91354   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    399,303.00                    399,303.00   First Lien                                    -          499,128.00                   99,825.00             499,129.00          625,000.00                   80.00
1103642492         SANTA XXX                                           92704   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    470,000.00                    470,000.00   First Lien                                    -          470,000.00                           -                      -          685,000.00                   68.61
1103642493         PERRIS                                              92570   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    269,500.00                    269,500.00   First Lien                                    -          269,500.00                           -                      -          385,000.00                   70.00
1103642494         LYNDEN                                              98264   WA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    221,000.00                    221,000.00   First Lien                                    -          274,000.00                   53,000.00                      -          277,000.00                   79.78
0000000000         RANDALLSTOWN                                        21133   MD                       20070201                20361201    ARMS                   Yes                                         360                    480                          358                    125,500.00                    125,393.53   First Lien                                    -          125,500.00                           -             244,500.00          246,000.00                   51.33
1103642497         XXXXXXX XXXXX                                       00000   FL                       20070101                20361201    ARMS                   No                                          360                    360                          357                    240,000.00                    239,376.59   First Lien                                    -          270,000.00                   30,000.00             300,000.00          300,000.00                   80.00
1103642498         XXXXXX                                              00000   XX                       20070101                20361201    ARMS                   No                                          360                    360                          357                    312,800.00                    312,133.40   First Lien                                    -          312,800.00                           -                      -          391,000.00                   80.00
1103642500         MIAMI                                               33185   FL                       20070101                20361201    ARMS                   No                                          360                    360                          357                    308,000.00                    308,000.00   First Lien                                    -          385,000.00                   77,000.00             385,000.00          400,000.00                   80.00
1103642501         MESA                                                85207   AZ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    288,000.00                    288,000.00   First Lien                                    -          360,000.00                   72,000.00             360,000.00          360,000.00                   80.00
1103642502         PERRIS                                              92571   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    269,600.00                    269,060.50   First Lien                                    -          320,150.00                   50,550.00                      -          337,000.00                   80.00
1103642503         LA MESA                                             91942   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    364,000.00                    364,000.00   First Lien                                    -          455,000.00                   91,000.00             455,000.00          455,000.00                   80.00
0000000000         SPRING VALLEY                                       91977   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    270,000.00                    268,000.00   First Lien                                    -          270,000.00                           -                      -          500,000.00                   54.00
1103642505         LAS VEGAS                                           89117   NV                       20070101                20361201    ARMS                   No                                          360                    360                          357                    220,000.00                    220,000.00   First Lien                                    -          261,250.00                   41,250.00                      -          275,000.00                   80.00
1103642506         BAKERSFIELD                                         93313   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    350,500.00                    350,500.00   First Lien                                    -          438,100.00                   87,600.00             438,165.00          440,000.00                   79.99
1103642507         XXXXXXXXXX XXXXX                                    00000   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    727,120.00                    727,120.00   First Lien                                    -          908,900.00                  181,780.00             908,900.00          925,000.00                   80.00
1103642509         XXXXXX VALLEY                                       92557   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    270,000.00                    270,000.00   First Lien                                    -          270,000.00                           -                      -          370,000.00                   72.97
1103642537         PETALUMA                                            94954   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    600,000.00                    600,000.00   First Lien                                    -          600,000.00                           -                      -          980,000.00                   61.22
1103642541         APTOS                                               95003   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    960,000.00                    960,000.00   First Lien                                    -        1,080,000.00                  120,000.00                      -        1,200,000.00                   80.00
1103642543         CAMBRIDGE                                            2139   MA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    305,000.00                    305,000.00   First Lien                                    -          305,000.00                           -                      -          415,000.00                   73.49
1103642555         FREDERICKSBURG                                      22407   VA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    232,000.00                    231,411.94   First Lien                                    -          232,000.00                           -                      -          290,000.00                   80.00
1103642566         XXXXXXXXX                                           00000   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    362,400.00                    362,400.00   First Lien                                    -          430,350.00                   67,950.00                      -          453,000.00                   80.00
1103642574         VISALIA                                             93291   CA                       20070201                20220101    FIXED                  No                                          180                    180                          178                    190,000.00                    188,676.13   First Lien                                    -          190,000.00                           -                      -          494,000.00                   38.46
1103642585         LOS ANGELES                                         90018   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    527,150.00                    527,150.00   First Lien                                    -          527,150.00                           -                      -          715,000.00                   73.73
1103642676         XXXXXX                                              43065   OH                       20061101                20361001    ARMS                   No                                          360                    360                          355                    504,000.00                    501,279.95   First Lien                                    -          567,000.00                   63,000.00             630,000.00          630,000.00                   80.00
1103642684         XXXXXXX XXXXX                                       00000   CA                       20061201                20361101    ARMS                   No                                          360                    360                          356                  1,165,000.00                  1,160,131.87   First Lien                                    -        1,165,000.00                           -                      -        3,125,000.00                   37.28
1103642758         LIVERMORE                                           94551   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    321,000.00                    320,605.30   First Lien                                    -          321,000.00                           -                      -          570,000.00                   56.32
1103642774         TRACY                                               95391   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    460,000.00                    460,000.00   First Lien                                    -          460,000.00                           -                      -          590,000.00                   77.97
1103642788         CHULA VISTA                                         91915   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    580,000.00                    578,814.43   First Lien                                    -          580,000.00                           -                      -          893,000.00                   64.95
1103642805         UPLAND                                              91786   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    360,800.00                    360,800.00   First Lien                                    -          360,800.00                           -                      -          451,000.00                   80.00
1103642842         MARGATE CITY                                         8402   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    105,000.00                    105,000.00   First Lien                                    -          105,000.00                           -                      -          225,000.00                   46.67
1103642860         ESCONDIDO                                           92026   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    179,992.00                    179,992.00   First Lien                                    -          224,990.00                   44,998.00             224,990.00          235,000.00                   80.00
0000000000         WEST HARTFORD                                        6107   CT                       20070301                20370201    FIXED                  No                                          360                    360                          359                    232,000.00                    231,790.27   First Lien                                    -          232,000.00                           -                      -          290,000.00                   80.00
1103642904         LOS ANGELES                                         90011   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    180,000.00                    179,689.17   First Lien                                    -          180,000.00                           -                      -          480,000.00                   37.50
1103642908         LAKE FOREST                                         92630   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    320,000.00                    320,000.00   First Lien                                    -          380,000.00                   60,000.00                      -          400,000.00                   80.00
1103642909         HIALEAH                                             33012   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    164,000.00                    164,000.00   First Lien                                    -          164,000.00                           -             205,000.00          205,000.00                   80.00
1103642923         JERSEY CITY                                          7305   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    460,000.00                    460,000.00   First Lien                                    -          460,000.00                           -                      -          580,000.00                   79.31
1103642924         PASSAIC                                              7055   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    368,000.00                    366,996.55   First Lien                                    -          405,996.00                   37,996.00                      -          460,000.00                   80.00
1103642927         SAN XXXX                                            95128   CA                       20061201                20361101    ARMS                   No                                          360                    360                          356                    485,000.00                    485,000.00   First Lien                                    -          485,000.00                           -                      -          635,000.00                   76.38
1103642928         PATERSON                                             7501   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    288,000.00                    288,000.00   First Lien                                    -          360,000.00                   72,000.00             360,000.00          400,000.00                   80.00
1103642929         SAN XXXX                                            95122   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    580,000.00                    580,000.00   First Lien                                    -          725,000.00                  145,000.00             725,000.00          726,000.00                   80.00
1103642932         PATERSON                                             7504   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    272,000.00                    272,000.00   First Lien                                    -          340,000.00                   68,000.00             340,000.00          340,000.00                   80.00
1103642933         MILPITAS                                            95035   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    310,000.00                    310,000.00   First Lien                                    -          310,000.00                           -                      -          750,000.00                   41.33
1103642945         MONTGOMERY                                          36117   AL                       20070301                20370201    ARMS                   No                                          360                    360                          359                  1,250,000.00                  1,248,631.81   First Lien                                    -        1,250,000.00                           -                      -        1,700,000.00                   73.53
1103642973         NORTH BERGEN                                         7047   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    371,200.00                    371,200.00   First Lien                                    -          464,000.00                   92,800.00             464,000.00          465,000.00                   80.00
0000000000         PITTSGROVE                                           8318   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    216,000.00                    215,594.40   First Lien                                    -          216,000.00                           -                      -          270,000.00                   80.00
1103642978         CYPRESS                                             77429   TX                       20070101                20361201    ARMS                   No                                          360                    360                          357                    982,800.00                    982,800.00   First Lien                                    -        1,332,677.00                  349,877.00           1,404,000.00        1,450,000.00                   70.00
0000000000         XXXXXXX XXXX                                        00000   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    284,800.00                    284,800.00   First Lien                                    -          356,000.00                   71,200.00             356,000.00          356,000.00                   80.00
1103642996         WEST COVINA                                         91792   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    439,900.00                    439,900.00   First Lien                                    -          549,850.00                  109,950.00             549,900.00          560,000.00                   80.00
1103643020         LOS ANGELES                                         91402   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    193,000.00                    193,000.00   First Lien                                    -          282,000.00                   89,000.00                      -          305,000.00                   63.28
1103643033         CHINO                                               91708   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    411,700.00                    411,055.72   First Lien                                    -          549,000.00                  137,300.00             549,000.00          552,000.00                   74.99
1103643034         CONCORD                                             94520   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    241,500.00                    241,500.00   First Lien                                    -          327,750.00                   86,250.00                      -          345,000.00                   70.00
0000000000         XXXXX XXXXX                                         92887   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    407,920.00                    407,920.00   First Lien                                    -          509,900.00                  101,980.00             509,900.00          510,000.00                   80.00
1103643075         XXXXX                                               00000   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -             925,000.00          985,000.00                   21.62
0000000000         XXXXXX XXXXX                                        00000   SC                       20070201                20370101    ARMS                   No                                          360                    360                          358                    161,500.00                    161,500.00   First Lien                                    -          161,500.00                           -                      -          193,000.00                   83.68
1103643083         ST XXXX                                             55449   MN                       20070201                20370101    ARMS                   No                                          360                    360                          358                    104,545.00                    104,545.00   First Lien                                    -          141,882.00                   37,337.00             149,350.00          170,000.00                   70.00
1103643096         BAKERSFIELD                                         93313   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    306,600.00                    305,927.28   First Lien                                    -          391,600.00                   85,000.00                      -          450,000.00                   68.13
1103643112         ANTELOPE                                            95843   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    320,000.00                    320,000.00   First Lien                                    -          320,000.00                           -             400,000.00          400,000.00                   80.00
1103643121         WHITTIER                                            90601   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    324,000.00                    324,000.00   First Lien                                    -          324,000.00                           -                      -          405,000.00                   80.00
1103643134         WASHINGTON                                           7882   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    625,000.00                    625,000.00   First Lien                                    -          625,000.00                           -                      -          870,000.00                   71.84
1103643149         CHULA VISTA                                         91915   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    572,400.00                    571,284.50   First Lien                                    -          572,400.00                           -                      -          954,000.00                   60.00
0000000000         XXXXXXXXX XXXXX                                     00000   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    565,500.00                    564,424.07   First Lien                                    -          565,500.00                           -                      -        1,550,000.00                   36.48
1103643193         XXXXXXXXX                                           00000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    232,000.00                    231,763.46   First Lien                                    -          232,000.00                           -                      -          485,000.00                   47.84
1103643196         RIVER VALE                                           7675   NJ                       20070201                20370101    FIXED                  No                                          360                    360                          358                    235,000.00                    235,000.00   First Lien                                    -          235,000.00                           -                      -          445,000.00                   52.81
1103643214         CONCORD                                             94521   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    548,000.00                    548,000.00   First Lien                                    -          616,500.00                   68,500.00                      -          685,000.00                   80.00
1103643218         RIVERSIDE                                           92504   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    328,250.00                    328,250.00   First Lien                                    -          328,250.00                           -                      -          415,000.00                   79.10
1103643222         XXXXXX VALLEY                                       92553   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    250,000.00                    250,000.00   First Lien                                    -          250,000.00                           -                      -          361,000.00                   69.25
1103643224         GULF SHORES                                         36542   AL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    542,500.00                    542,500.00   First Lien                                    -          736,200.00                  193,700.00             775,000.00          800,000.00                   70.00
1103643227         EL CENTRO                                           92243   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    172,000.00                    171,705.63   First Lien                                    -          172,000.00                           -                      -          262,000.00                   65.65
1103643235         UNION CITY                                           7087   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    262,500.00                    262,500.00   First Lien                                    -          356,250.00                   93,750.00             375,000.00          390,000.00                   70.00
1103643276         XXXXXXXXX                                           33837   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    245,000.00                    245,000.00   First Lien                                    -          245,000.00                           -                      -          350,000.00                   70.00
1103643278         LAS VEGAS                                           89128   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          500,000.00                   60.00
1103643292         LOMITA                                              90717   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    371,250.00                    371,250.00   First Lien                                    -          470,250.00                   99,000.00             495,000.00          495,000.00                   75.00
1103643293         AUBURN                                              98001   WA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    198,750.00                    198,750.00   First Lien                                    -          251,750.00                   53,000.00             265,000.00          265,000.00                   75.00
1103643310         PORTSMOUTH                                          23701   VA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    184,000.00                    183,747.19   First Lien                                    -          184,000.00                           -                      -          230,000.00                   80.00
1103643317         XXXX BEACH                                          94038   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    477,000.00                    477,000.00   First Lien                                    -          477,000.00                           -                      -          810,000.00                   58.89
1103643336         NORWALK                                             90650   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    295,000.00                    295,000.00   First Lien                                    -          295,000.00                           -                      -          580,000.00                   50.86
1103643392         XXXXX XXXXX                                         00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    288,000.00                    288,000.00   First Lien                                    -          324,000.00                   36,000.00             360,000.00          360,000.00                   80.00
1103643402         XXXXXXXXX XXXXXX                                    00000   SC                       20070301                20370201    FIXED                  No                                          360                    360                          359                    527,000.00                    526,423.17   First Lien                                    -          527,000.00                           -                      -        2,500,000.00                   21.08
0000000000         FONTANA                                             92335   CA                       20070201                20270101    FIXED                  No                                          240                    240                          238                    181,500.00                    180,757.81   First Lien                                    -          181,500.00                           -                      -          380,000.00                   47.76
1103643413         LAKE ELSINORE                                       92530   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                     95,000.00                     94,839.92   First Lien                                    -           95,000.00                           -                      -          285,000.00                   33.33
1103643424         BRADENTON                                           34207   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    180,000.00                    180,000.00   First Lien                                    -          180,000.00                           -                      -          225,000.00                   80.00
1103643432         XXXXX XXXXX                                         00000   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    441,000.00                    441,000.00   First Lien                                    -          441,000.00                           -             647,000.00          630,000.00                   70.00
1103643438         FOUNTAIN VALLEY                                     92708   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    335,000.00                    335,000.00   First Lien                                    -          335,000.00                           -                      -          675,000.00                   49.63
1103643450         LA MIRADA                                           90638   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    435,225.00                    435,225.00   First Lien                                    -          435,225.00                           -                      -          580,300.00                   75.00
0000000000         SAN DIEGO                                           92119   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    171,000.00                    171,000.00   First Lien                                    -          171,000.00                           -                      -          250,000.00                   68.40
1103643461         SANTA XXXX                                          95065   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    615,000.00                    615,000.00   First Lien                                    -          615,000.00                           -                      -          950,000.00                   64.74
1103643489         XXXXXXXXX                                           00000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    350,000.00                    350,000.00   First Lien                                    -          350,000.00                           -                      -          595,000.00                   58.82
1103643492         CITRUS HEIGHTS                                      95610   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    336,000.00                    336,000.00   First Lien                                    -          399,000.00                   63,000.00                      -          420,000.00                   80.00
1103643496         XXXX XXXXX                                          00000   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    174,400.00                    174,263.95   First Lien                                    -          174,400.00                           -                      -          218,000.00                   80.00
1103643507         LONE TREE                                           80124   CO                       20070201                20370101    ARMS                   No                                          360                    360                          358                    443,000.00                    443,000.00   First Lien                                    -          563,000.00                  120,000.00                      -          685,000.00                   64.67
1103643526         LYNWOOD                                             90262   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    414,500.00                    414,500.00   First Lien                                    -          414,500.00                           -                      -          525,000.00                   78.95
1103643542         MIAMI                                               33032   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    232,500.00                    232,500.00   First Lien                                    -          294,500.00                   62,000.00             310,000.00          315,000.00                   75.00
1103643545         CHULA VISTA                                         91911   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    619,300.00                    619,300.00   First Lien                                    -          619,300.00                           -                      -          775,000.00                   79.91
1103643547         MARATHON                                            33050   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                  1,050,000.00                  1,050,000.00   First Lien                                    -        1,190,000.00                  140,000.00           1,400,000.00        1,400,000.00                   75.00
1103643552         XXXXXXX                                             00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    625,000.00                    625,000.00   First Lien                                    -          625,000.00                           -                      -          965,000.00                   64.77
1103643562         HOMESTEAD                                           33033   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    168,000.00                    168,000.00   First Lien                                    -          228,000.00                   60,000.00             240,000.00          244,000.00                   70.00
1103643565         PALO ALTO                                           94303   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -          800,000.00                   50,000.00           1,000,000.00        1,000,000.00                   75.00
1103643613         XXXXXXXXXX XXXXX                                    00000   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    196,000.00                    196,000.00   First Lien                                    -          196,000.00                           -                      -          800,000.00                   24.50
1103643615         BENICIA                                             94510   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    455,000.00                    455,000.00   First Lien                                    -          455,000.00                           -                      -          650,000.00                   70.00
1103643625         AURORA                                              80013   CO                       20070301                20370201    FIXED                  No                                          360                    360                          359                    264,000.00                    263,755.48   First Lien                                    -          264,000.00                           -                      -          427,000.00                   61.83
1103643663         ORANGE                                              92861   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    647,500.00                    647,500.00   First Lien                                    -          740,000.00                   92,500.00                      -          925,000.00                   70.00
1103643677         BENICIA                                             94510   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    260,000.00                    260,000.00   First Lien                                    -          260,000.00                           -                      -          425,000.00                   61.18
1103643679         CLINTON                                             20735   MD                       20070201                20370101    ARMS                   No                                          360                    360                          358                    216,750.00                    216,750.00   First Lien                                    -          216,750.00                           -             255,000.00          356,000.00                   85.00
1103643682         XXXXX                                               22015   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    544,000.00                    544,000.00   First Lien                                    -          680,000.00                  136,000.00                      -          680,000.00                   80.00
1103643723         SAN XXXX                                            95127   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    577,000.00                    577,000.00   First Lien                                    -          577,000.00                           -                      -          770,000.00                   74.94
1103643728         PHOENIX                                             85042   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          253,500.00                   78.90
1103643754         BAKERSFIELD                                         93313   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    210,650.00                    210,650.00   First Lien                                    -          236,950.00                   26,300.00             263,320.00          264,000.00                   80.00
1103643760         SAN DIEGO                                           92114   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    364,000.00                    363,708.91   First Lien                                    -          364,000.00                           -                      -          535,000.00                   68.04
1103643771         TUCSON                                              85718   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    234,000.00                    234,000.00   First Lien                                    -          280,800.00                   46,800.00             312,000.00          430,000.00                   75.00
1103643781         LOS ANGELES                                         90011   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    165,000.00                    165,000.00   First Lien                                    -          165,000.00                           -                      -          425,000.00                   38.82
0000000000         ESCONDIDO                                           92026   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    390,000.00                    390,000.00   First Lien                                    -          468,000.00                   78,000.00                      -          520,000.00                   75.00
1103643798         HOMESTEAD                                           33034   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    126,000.00                    126,000.00   First Lien                                    -          126,000.00                           -                      -          220,000.00                   57.27
1103643799         ORANGE                                              92867   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    572,000.00                    572,000.00   First Lien                                    -          572,000.00                           -             715,000.00          715,000.00                   80.00
1103643806         ORANGE                                              92866   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    516,000.00                    516,000.00   First Lien                                    -          516,000.00                           -             645,000.00          655,000.00                   80.00
1103643835         BRAHAM                                              55006   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    161,405.00                    161,316.84   First Lien                                    -          161,405.00                           -             169,900.00          173,000.00                   95.00
1103643881         LUTHERVILLE TIMONIUM                                21093   MD                       20070201                20370101    FIXED                  No                                          360                    360                          358                    213,500.00                    213,182.12   First Lien                                    -          213,500.00                           -                      -          305,000.00                   70.00
1103643885         SACRAMENTO                                          95834   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    344,000.00                    344,000.00   First Lien                                    -          387,000.00                   43,000.00             430,000.00          430,000.00                   80.00
1103643903         ORANGE                                              92866   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    640,000.00                    640,000.00   First Lien                                    -          640,000.00                           -                      -          800,000.00                   80.00
0000000000         NEWARK                                              94560   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    440,000.00                    440,000.00   First Lien                                    -          440,000.00                           -                      -          670,000.00                   65.67
1103643941         RIVERSIDE                                           92505   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    165,000.00                    164,678.44   First Lien                                    -          250,000.00                   85,000.00                      -          380,000.00                   43.42
1103643963         DENVER                                              80204   CO                       20070201                20370101    ARMS                   No                                          360                    360                          358                    170,700.00                    170,418.78   First Lien                                    -          170,700.00                           -             213,400.00          215,000.00                   79.99
1103643970         FONTANA                                             92336   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    450,000.00                    450,000.00   First Lien                                    -          450,000.00                           -                      -          570,000.00                   78.95
1103644020         XXXXXX                                              90745   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    442,000.00                    442,000.00   First Lien                                    -          442,000.00                           -                      -          520,000.00                   85.00
1103644034         XXXXXXXXX                                           00000   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    280,000.00                    279,528.19   First Lien                                    -          280,000.00                           -                      -          400,000.00                   70.00
1103644091         OXNARD                                              93035   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                  1,075,700.00                  1,074,703.68   First Lien                                    -        1,075,700.00                           -                      -        1,450,000.00                   74.19
1103644110         SAN CLEMENTE                                        92672   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    650,000.00                    650,000.00   First Lien                                    -          650,000.00                           -                      -        1,150,000.00                   56.52
1103644130         SAN BERNARDINO                                      92411   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    184,000.00                    184,000.00   First Lien                                    -          184,000.00                           -                      -          230,000.00                   80.00
1103644134         LOS ANGELES                                         90016   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    472,000.00                    471,035.19   First Lien                                    -          472,000.00                           -             590,000.00          590,000.00                   80.00
1103644139         MIAMI                                               33139   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    255,500.00                    255,500.00   First Lien                                    -          255,500.00                           -             365,000.00          520,000.00                   70.00
1103644166         GULFPORT                                            39507   MS                       20070201                20370101    ARMS                   No                                          360                    360                          358                    413,000.00                    413,000.00   First Lien                                    -          530,900.00                  117,900.00             590,000.00          715,000.00                   70.00
1103644185         PALM COAST                                          32137   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    500,000.00                    499,477.97   First Lien                                    -          500,000.00                           -                      -        1,250,000.00                   40.00
1103644253         XXXXXXXX                                            00000   XX                       20070201                20370101    ARMS                   No                                          360                    360                          358                    282,750.00                    282,750.00   First Lien                                    -          282,750.00                           -                      -          435,000.00                   65.00
1103644279         NORTH HOLLYWOOD                                     91605   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    350,000.00                    350,000.00   First Lien                                    -          350,000.00                           -                      -          575,000.00                   60.87
1103644290         BAKERSFIELD                                         93313   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    199,600.00                    199,600.00   First Lien                                    -          249,500.00                   49,900.00             249,555.00          250,000.00                   79.98
1103644298         BETHESDA                                            20817   MD                       20070301                20370201    FIXED                  No                                          360                    360                          359                    468,000.00                    467,487.75   First Lien                                    -          505,000.00                   37,000.00             585,000.00          590,000.00                   80.00
1103644306         CHULA VISTA                                         91913   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    220,500.00                    220,128.44   First Lien                                    -          299,250.00                   78,750.00             315,000.00          315,000.00                   70.00
1103644337         SANTEE                                              92071   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    360,000.00                    360,000.00   First Lien                                    -          450,000.00                   90,000.00             450,000.00          450,000.00                   80.00
1103644345         XXXXXXXX XXXX                                       00000   MD                       20070301                20370201    FIXED                  No                                          360                    360                          359                    408,000.00                    408,000.00   First Lien                                    -          408,000.00                           -                      -          720,000.00                   56.67
1103644346         HAMPTON                                             23663   VA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    152,000.00                    152,000.00   First Lien                                    -          152,000.00                           -                      -          210,000.00                   72.38
1103644353         BAKERSFIELD                                         93308   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    116,000.00                    116,000.00   First Lien                                    -          116,000.00                           -                      -          190,000.00                   61.05
1103644357         EARLIMART                                           93219   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                     83,550.00                     83,550.00   First Lien                                    -          103,550.00                   20,000.00             109,000.00          122,000.00                   76.65
1103644370         SANGER                                              93657   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    183,750.00                    183,750.00   First Lien                                    -          217,000.00                   33,250.00                      -          245,000.00                   75.00
1103644383         ONTARIO                                             91762   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    583,200.00                    583,200.00   First Lien                                    -          729,000.00                  145,800.00             729,000.00          750,000.00                   80.00
1103644387         PLACENTIA                                           92870   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    545,000.00                    545,000.00   First Lien                                    -          545,000.00                           -                      -        1,000,000.00                   54.50
1103644397         BAKERSFIELD                                         93304   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    129,500.00                    129,500.00   First Lien                                    -          175,750.00                   46,250.00             185,000.00          193,000.00                   70.00
1103644410         GARDEN GROVE                                        92841   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    406,000.00                    406,000.00   First Lien                                    -          406,000.00                           -                      -          580,000.00                   70.00
1103644423         IRVINE                                              92620   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    295,000.00                    295,000.00   First Lien                                    -          295,000.00                           -                      -          675,000.00                   43.70
1103644424         VICTORVILLE                                         92392   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    332,800.00                    332,800.00   First Lien                                    -          399,800.00                   67,000.00                      -          416,000.00                   80.00
1103644425         LOS ANGELES                                         90019   CA                       20070201                20370101    FIXED                  Yes                                         360                    480                          358                    672,000.00                    671,367.94   First Lien                                    -          672,000.00                           -                      -          900,000.00                   74.67
1103644449         XXXXXX XXXXX XXXX                                   00000   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    448,000.00                    448,000.00   First Lien                                    -          448,000.00                           -                      -          640,000.00                   70.00
1103644466         ROSEVILLE                                           95747   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    355,150.00                    355,150.00   First Lien                                    -          426,200.00                   71,050.00             473,595.00          474,000.00                   74.99
1103644475         BAKERSFIELD                                         93314   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    120,000.00                    120,000.00   First Lien                                    -          120,000.00                           -                      -          280,500.00                   42.78
1103644490         DENVER                                              80204   CO                       20070201                20370101    ARMS                   No                                          360                    360                          358                    160,600.00                    160,335.43   First Lien                                    -          160,600.00                           -             200,750.00          205,000.00                   80.00
1103644496         SANTA CLARITA                                       91350   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    356,000.00                    356,000.00   First Lien                                    -          445,000.00                   89,000.00             445,000.00          445,000.00                   80.00
1103644497         XXXXX                                               95620   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    408,000.00                    408,000.00   First Lien                                    -          459,000.00                   51,000.00             510,000.00          510,000.00                   80.00
1103644555         PACOIMA                                             91331   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    431,250.00                    431,250.00   First Lien                                    -          431,250.00                           -                      -          575,000.00                   75.00
1103644566         LANCASTER                                           93535   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    280,000.00                    280,000.00   First Lien                                    -          350,000.00                   70,000.00             350,000.00          350,000.00                   80.00
1103644568         LAGUNA BEACH                                        92651   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    350,000.00                    349,424.54   First Lien                                    -          350,000.00                           -                      -        1,000,000.00                   35.00
1103644578         NORTHRIDGE                                          91326   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    492,500.00                    492,500.00   First Lien                                    -          492,500.00                           -                      -          670,000.00                   73.51
1103644603         STOCKTON                                            95209   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    287,000.00                    287,000.00   First Lien                                    -          369,000.00                   82,000.00             410,000.00          410,000.00                   70.00
1103644627         ELK GROVE                                           95624   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    277,500.00                    277,266.86   First Lien                                    -          351,500.00                   74,000.00             375,000.00          375,000.00                   74.00
0000000000         LOS ANGELES                                         90003   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    519,200.00                    519,200.00   First Lien                                    -          649,000.00                  129,800.00             649,000.00          649,000.00                   80.00
1103644639         XXXXXXX                                             33597   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                     80,500.00                     80,500.00   First Lien                                    -           80,500.00                           -                      -          115,000.00                   70.00
1103644646         LA XXXXXX                                           91744   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    154,000.00                    154,000.00   First Lien                                    -          154,000.00                           -                      -          450,000.00                   34.22
1103644648         LAKEWOOD                                            90712   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    444,000.00                    444,000.00   First Lien                                    -          555,000.00                  111,000.00             555,000.00          555,000.00                   80.00
0000000000         XXXXXXXX                                            00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                  1,217,250.00                  1,217,250.00   First Lien                                    -        1,379,550.00                  162,300.00                      -        1,623,000.00                   75.00
1103644696         SAN DIEGO                                           92122   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    210,000.00                    210,000.00   First Lien                                    -          210,000.00                           -                      -          300,000.00                   70.00
1103644698         RANCHO MIRAGE                                       92270   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    544,600.00                    544,600.00   First Lien                                    -          544,600.00                           -             778,000.00          778,000.00                   70.00
1103644699         XXXXXX XXXXXX                                       00000   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    405,000.00                    405,000.00   First Lien                                    -          513,000.00                  108,000.00                      -          540,000.00                   75.00
1103644714         RIDGECREST                                          93555   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    130,200.00                    130,200.00   First Lien                                    -          167,400.00                   37,200.00             186,000.00          186,000.00                   70.00
1103644726         SAN DIEGO                                           92122   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    206,500.00                    206,500.00   First Lien                                    -          206,500.00                           -                      -          295,000.00                   70.00
1103644728         LAS VEGAS                                           89117   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                  1,000,000.00                  1,000,000.00   First Lien                                    -        1,000,000.00                           -                      -        1,410,000.00                   70.92
1103644731         MONROVIA                                            91016   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    381,550.00                    381,550.00   First Lien                                    -          381,550.00                           -                      -          587,000.00                   65.00
1103644734         SAN DIEGO                                           92105   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    336,000.00                    335,657.43   First Lien                                    -          366,000.00                   30,000.00                      -          420,000.00                   80.00
1103644746         SAN DIEGO                                           92122   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    206,500.00                    206,500.00   First Lien                                    -          206,500.00                           -                      -          295,000.00                   70.00
1103644767         XXXXX XXXXX                                         00000   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    577,600.00                    577,600.00   First Lien                                    -          612,100.00                   34,500.00                      -          722,000.00                   80.00
1103644792         SANTA XXX                                           92701   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    280,000.00                    280,000.00   First Lien                                    -          350,000.00                   70,000.00             350,000.00          356,000.00                   80.00
1103644794         XXXXXXX                                             00000   XX                       20070201                20370101    ARMS                   No                                          360                    360                          358                    144,000.00                    144,000.00   First Lien                                    -          180,000.00                   36,000.00             180,000.00          306,000.00                   80.00
1103644798         FORT XXXXX                                          33905   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    100,000.00                    100,000.00   First Lien                                    -          118,750.00                   18,750.00             125,000.00          133,000.00                   80.00
0000000000         LOS ANGELES                                         90062   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    354,320.00                    354,320.00   First Lien                                    -          442,900.00                   88,580.00             442,900.00          443,000.00                   80.00
1103644800         LOS ANGELES                                         90039   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    500,000.00                    500,000.00   First Lien                                    -          625,000.00                  125,000.00             625,000.00          625,000.00                   80.00
1103644801         XXXXXXXX XXXX                                       00000   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    440,000.00                    440,000.00   First Lien                                    -          550,000.00                  110,000.00             550,000.00          550,000.00                   80.00
1103644804         XXXXXXXXXX XXXX                                     00000   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    336,000.00                    336,000.00   First Lien                                    -          420,000.00                   84,000.00             420,000.00          420,000.00                   80.00
1103644806         XXXXXXX                                             90220   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    437,000.00                    437,000.00   First Lien                                    -          437,000.00                           -                      -          575,000.00                   76.00
1103644808         XXXX XXXX XXXX                                      00000   UT                       20070201                20370101    ARMS                   No                                          360                    360                          358                    199,920.00                    199,920.00   First Lien                                    -          237,405.00                   37,485.00             249,900.00          250,000.00                   80.00
1103644809         LAS VEGAS                                           89106   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                     61,600.00                     61,527.00   First Lien                                    -           61,600.00                           -              77,000.00           80,000.00                   80.00
0000000000         SAN DIEGO                                           92127   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    308,000.00                    308,000.00   First Lien                                    -          365,750.00                   57,750.00             385,000.00          400,500.00                   80.00
1103644821         POUGHKEEPSIE                                        12601   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    180,250.00                    180,116.22   First Lien                                    -          244,625.00                   64,375.00             257,500.00          260,000.00                   70.00
1103644829         SYOSSET                                             11791   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    420,000.00                    420,000.00   First Lien                                    -          713,716.00                  293,716.00                      -          760,000.00                   55.26
1103644830         SAN XXXX                                            95118   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    237,650.00                    237,650.00   First Lien                                    -          339,500.00                  101,850.00             339,500.00          339,500.00                   70.00
1103644835         FRESNO                                              93722   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    210,000.00                    210,000.00   First Lien                                    -          210,000.00                           -                      -          300,000.00                   70.00
1103644843         XXXXXX XXXXX XXXXXXXXX                              00000   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    428,000.00                    428,000.00   First Lien                                    -          535,000.00                  107,000.00             535,000.00          535,000.00                   80.00
1103644845         ORANGE                                              92867   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    644,000.00                    643,445.53   First Lien                                    -          644,000.00                           -                      -          920,000.00                   70.00
1103644847         ANTELOPE                                            95843   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    202,300.00                    202,300.00   First Lien                                    -          274,550.00                   72,250.00                      -          289,000.00                   70.00
1103644848         PALMETTO                                            30268   GA                       20070301                20370201    FIXED                  No                                          360                    360                          359                     87,750.00                     87,750.00   First Lien                                    -           87,750.00                           -                      -          135,000.00                   65.00
1103644850         POINT PLEASANT                                       8742   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    490,000.00                    490,000.00   First Lien                                    -          630,000.00                  140,000.00             700,000.00          725,000.00                   70.00
1103644862         SANTA XXXXXXX                                       93101   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    596,000.00                    596,000.00   First Lien                                    -          596,000.00                           -                      -        1,275,000.00                   46.75
1103644865         MURRIETA                                            92562   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    378,400.00                    378,400.00   First Lien                                    -          448,850.00                   70,450.00                      -          473,000.00                   80.00
1103644868         LOS ANGELES                                         90047   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    400,000.00                    400,000.00   First Lien                                    -          500,000.00                  100,000.00             500,000.00          500,000.00                   80.00
1103644887         XXXXXXX                                             00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    172,000.00                    171,865.83   First Lien                                    -          172,000.00                           -                      -          215,000.00                   80.00
1103644889         CHULA VISTA                                         91913   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    540,000.00                    540,000.00   First Lien                                    -          726,000.00                  186,000.00                      -          730,000.00                   73.97
1103644908         EAGLE MOUNTAIN                                      84043   UT                       20070201                20370101    ARMS                   No                                          360                    360                          358                    138,500.00                    138,500.00   First Lien                                    -          138,500.00                           -                      -          198,000.00                   69.95
1103644915         NORCO                                               92860   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    399,000.00                    399,000.00   First Lien                                    -          399,000.00                           -                      -          570,000.00                   70.00
1103644928         MIAMI                                               33127   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    256,000.00                    256,000.00   First Lien                                    -          320,000.00                   64,000.00             320,000.00          323,000.00                   80.00
1103644936         YUCAIPA                                             92399   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    247,500.00                    247,500.00   First Lien                                    -          313,500.00                   66,000.00                      -          330,000.00                   75.00
1103644942         HOMESTEAD                                           33035   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    175,950.00                    175,950.00   First Lien                                    -          197,950.00                   22,000.00             219,990.00          220,000.00                   79.98
0000000000         ENCINO                                              91316   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    396,000.00                    396,000.00   First Lien                                    -          495,000.00                   99,000.00             495,000.00          495,000.00                   80.00
1103644985         CITRUS HEIGHTS                                      95621   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    213,600.00                    213,600.00   First Lien                                    -          267,000.00                   53,400.00             267,000.00          300,000.00                   80.00
1103644992         MIAMI                                               33161   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    147,000.00                    147,000.00   First Lien                                    -          199,500.00                   52,500.00             210,000.00          300,000.00                   70.00
1103645001         XXXX GARDENS                                        90201   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    599,200.00                    599,200.00   First Lien                                    -          711,550.00                  112,350.00             749,000.00          749,000.00                   80.00
1103645013         MANTI                                               84642   UT                       20070301                20220201    FIXED                  No                                          180                    180                          179                    101,250.00                    100,940.85   First Lien                                    -          101,250.00                           -                      -          135,000.00                   75.00
1103645042         COMPTON                                             90220   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    300,000.00                    299,494.48   First Lien                                    -          300,000.00                           -                      -          615,000.00                   48.78
0000000000         ESPARTO                                             95627   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    416,000.00                    416,000.00   First Lien                                    -          416,000.00                           -                      -          533,000.00                   78.05
0000000000         XXXX XXXXXXXXX                                      00000   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    218,000.00                    217,632.67   First Lien                                    -          218,000.00                           -                      -          380,000.00                   57.37
1103645107         CORAL GABLES                                        33146   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    850,000.00                    850,000.00   First Lien                                    -          986,000.00                  136,000.00           1,160,000.00        1,160,000.00                   73.28
1103645120         ROYAL PALM BEACH                                    33411   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    154,000.00                    153,713.98   First Lien                                    -          154,000.00                           -                      -          220,000.00                   70.00
1103645123         SAN XXXXXX                                          93451   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    546,000.00                    546,000.00   First Lien                                    -          624,000.00                   78,000.00                      -          780,000.00                   70.00
1103645126         RANCHO CUCAMONGA                                    91701   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    499,395.00                    499,395.00   First Lien                                    -          562,500.00                   63,105.00                      -          630,000.00                   79.27
1103645141         LANCASTER                                           93534   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    200,000.00                    200,000.00   First Lien                                    -          250,000.00                   50,000.00             250,000.00          250,000.00                   80.00
1103645145         CONCORD                                             94521   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    528,000.00                    527,545.40   First Lien                                    -          550,000.00                   22,000.00                      -          660,000.00                   80.00
1103645148         SAN XXXXXX                                          93451   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    538,300.00                    538,300.00   First Lien                                    -          615,200.00                   76,900.00                      -          769,000.00                   70.00
1103645154         LA QUINTA                                           92253   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    500,000.00                    499,048.69   First Lien                                    -          500,000.00                           -           1,850,000.00        2,000,000.00                   27.03
1103645171         LAGUNA BEACH                                        92651   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                  1,575,000.00                  1,575,000.00   First Lien                                    -        1,890,000.00                  315,000.00           2,100,000.00        2,100,000.00                   75.00
1103645174         OCEANSIDE                                           92057   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    400,000.00                    400,000.00   First Lien                                    -          475,000.00                   75,000.00                      -          500,000.00                   80.00
1103645193         FALL RIVER                                           2721   MA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    136,000.00                    135,891.24   First Lien                                    -          136,000.00                           -                      -          243,000.00                   55.97
1103645195         PROVO                                               84601   UT                       20070301                20370201    ARMS                   No                                          360                    360                          359                    198,400.00                    198,400.00   First Lien                                    -          198,400.00                           -                      -          248,000.00                   80.00
0000000000         OAKLAND                                             94605   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    380,000.00                    380,000.00   First Lien                                    -          427,500.00                   47,500.00             475,000.00          525,000.00                   80.00
1103645212         DARIEN                                               6820   CT                       20070401                20370301    ARMS                   No                                          360                    360                          360                    510,000.00                    510,000.00   First Lien                                    -          510,000.00                           -                      -          900,000.00                   56.67
1103645215         LOS ANGELES                                         90029   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    603,000.00                    603,000.00   First Lien                                    -          683,400.00                   80,400.00                      -          804,000.00                   75.00
1103645223         EL CENTRO                                           92243   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    360,000.00                    359,682.38   First Lien                                    -          405,000.00                   45,000.00                      -          450,000.00                   80.00
1103645241         HOUSTON                                             77057   TX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    320,000.00                    319,850.70   First Lien                                    -          380,000.00                   60,000.00             400,000.00          635,000.00                   80.00
1103645244         XXXXXXXXXX XXXXXXX                                  00000   MD                       20070401                20370301    FIXED                  No                                          360                    360                          360                    386,000.00                    386,000.00   First Lien                                    -          451,000.00                   65,000.00                      -          483,000.00                   79.92
1103645260         ENCINITAS                                           92024   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    431,250.00                    431,250.00   First Lien                                    -          546,250.00                  115,000.00             575,000.00          600,000.00                   75.00
1103645302         SANTA XXXX                                          95403   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    457,000.00                    457,000.00   First Lien                                    -          577,000.00                  120,000.00                      -          610,000.00                   74.92
1103645313         LA XXXXXX                                           91744   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    142,000.00                    142,000.00   First Lien                                    -          142,000.00                           -                      -          525,000.00                   27.05
1103645320         BAYONNE                                              7002   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    357,000.00                    357,000.00   First Lien                                    -          459,000.00                  102,000.00                      -          510,000.00                   70.00
1103645321         XXXX XXXXXXX                                        00000   NY                       20070201                20370101    ARMS                   No                                          360                    360                          358                    460,000.00                    460,000.00   First Lien                                    -          575,000.00                  115,000.00             575,000.00          575,000.00                   80.00
1103645322         XXXX XXXXXXXXXX                                     00000   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    682,500.00                    682,500.00   First Lien                                    -          682,500.00                           -                      -          910,000.00                   75.00
1103645323         MIDDLETOWN                                          22645   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    508,000.00                    508,000.00   First Lien                                    -          633,000.00                  125,000.00                      -          635,000.00                   80.00
1103645324         XXXXXXX XXXXXXXX                                    00000   MI                       20070201                20370101    ARMS                   No                                          360                    360                          358                     75,200.00                     75,200.00   First Lien                                    -           94,000.00                   18,800.00              94,000.00           98,000.00                   80.00
0000000000         WANTAGE                                              7461   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    511,600.00                    511,600.00   First Lien                                    -          606,100.00                   94,500.00             639,506.00          650,000.00                   80.00
1103645326         MONTCLAIR                                            7042   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    396,000.00                    396,000.00   First Lien                                    -          440,000.00                   44,000.00             495,000.00          500,000.00                   80.00
1103645329         MARSTONS XXXXX                                       2648   MA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          485,000.00                   61.86
1103645347         XXXXX                                               00000   MD                       20070201                20370101    ARMS                   No                                          360                    360                          358                    280,000.00                    280,000.00   First Lien                                    -          280,000.00                           -                      -          350,000.00                   80.00
1103645349         NEW MARKET                                          21774   MD                       20070201                20370101    ARMS                   No                                          360                    360                          358                    298,500.00                    298,500.00   First Lien                                    -          378,100.00                   79,600.00                      -          398,000.00                   75.00
1103645350         KISSIMMEE                                           34759   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    214,850.00                    214,850.00   First Lien                                    -          272,150.00                   57,300.00             286,530.00          286,543.00                   74.98
1103645351         NAPLES                                              34113   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    157,500.00                    157,500.00   First Lien                                    -          210,000.00                   52,500.00             210,000.00          210,000.00                   75.00
1103645352         XXXX XXXXX                                          00000   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    172,500.00                    172,500.00   First Lien                                    -          218,500.00                   46,000.00             230,000.00          230,000.00                   75.00
1103645353         XXXXX                                               22015   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    288,000.00                    288,000.00   First Lien                                    -          324,000.00                   36,000.00             360,000.00          360,000.00                   80.00
1103645354         XXXXXXXXXXXXXXX                                     00000   XX                       20070201                20370101    ARMS                   No                                          360                    360                          358                    243,000.00                    243,000.00   First Lien                                    -          324,000.00                   81,000.00             324,000.00          324,000.00                   75.00
1103645355         PERRY HALL                                          21128   MD                       20061201                20361101    ARMS                   No                                          360                    360                          356                    439,250.00                    439,250.00   First Lien                                    -          549,050.00                  109,800.00             549,124.00          585,000.00                   79.99
1103645356         VIRGINIA BEACH                                      23464   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    236,000.00                    236,000.00   First Lien                                    -          280,250.00                   44,250.00                      -          295,000.00                   80.00
1103645357         MAGNOLLA                                            19962   DE                       20070201                20370101    ARMS                   No                                          360                    360                          358                    348,250.00                    348,250.00   First Lien                                    -          435,300.00                   87,050.00             435,350.00          436,000.00                   79.99
0000000000         MOUNT JOY                                           17552   PA                       20061201                20361101    ARMS                   No                                          360                    360                          356                    104,900.00                    104,561.45   First Lien                                    -          125,844.00                   20,944.00                      -          139,900.00                   74.98
1103645359         RICHMOND                                            23231   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    131,250.00                    131,068.77   First Lien                                    -          157,500.00                   26,250.00             175,000.00          178,000.00                   75.00
1103645360         NORFOLK                                             23513   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    153,750.00                    153,532.28   First Lien                                    -          205,000.00                   51,250.00             205,000.00          206,000.00                   75.00
1103645361         MANASSAS                                            20111   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    337,500.00                    337,500.00   First Lien                                    -          450,000.00                  112,500.00                      -          470,000.00                   71.81
1103645365         BALTIMORE                                           21211   MD                       20070101                20361201    FIXED                  No                                          360                    360                          357                    168,000.00                    167,594.55   First Lien                                    -          168,000.00                           -                      -          318,001.00                   52.83
0000000000         VIRGINIA BEACH                                      23455   VA                       20061201                20361101    FIXED                  No                                          360                    360                          356                    416,250.00                    414,768.82   First Lien                                    -          476,250.00                   60,000.00                      -          555,000.00                   75.00
1103645367         HANOVER                                             17331   PA                       20070101                20361201    FIXED                  No                                          360                    360                          357                    135,900.00                    135,538.31   First Lien                                    -          135,900.00                           -             169,900.00          169,900.00                   79.99
1103645396         SAN FRANCISCO                                       94110   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    449,400.00                    449,400.00   First Lien                                    -          449,400.00                           -                      -          790,000.00                   56.89
1103645421         HERCULES                                            94547   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    554,350.00                    554,350.00   First Lien                                    -          692,948.00                  138,598.00             692,990.00          692,990.00                   79.99
1103645422         XXXXXXXXX                                           00000   XX                       20070201                20370101    ARMS                   No                                          360                    360                          358                    329,000.00                    329,000.00   First Lien                                    -          329,000.00                           -                      -          553,000.00                   59.49
1103645423         HAYWARD                                             94544   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    480,000.00                    480,000.00   First Lien                                    -          559,980.00                   79,980.00                      -          600,000.00                   80.00
0000000000         NEWARK                                              94560   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    528,000.00                    528,000.00   First Lien                                    -          559,944.00                   31,944.00                      -          660,000.00                   80.00
1103645425         HAYWARD                                             94544   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    468,000.00                    468,000.00   First Lien                                    -          555,750.00                   87,750.00                      -          585,000.00                   80.00
1103645426         FOLSOM                                              95630   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    250,000.00                    250,000.00   First Lien                                    -          250,000.00                           -                      -          385,000.00                   64.94
1103645427         CAZADERO                                            95421   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    368,000.00                    368,000.00   First Lien                                    -          368,000.00                           -                      -          525,000.00                   70.10
1103645428         LAS VEGAS                                           89115   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                    206,400.00                    206,400.00   First Lien                                    -          245,100.00                   38,700.00                      -          258,000.00                   80.00
1103645429         OCEANSIDE                                           92057   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    272,000.00                    272,000.00   First Lien                                    -          306,000.00                   34,000.00                      -          340,000.00                   80.00
1103645430         XXXX XXXXX                                          95442   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    506,250.00                    506,250.00   First Lien                                    -          506,250.00                           -             675,000.00          690,000.00                   75.00
1103645431         TEMPE                                               85282   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    168,800.00                    168,800.00   First Lien                                    -          168,800.00                           -                      -          211,000.00                   80.00
0000000000         TEMPE                                               85281   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    156,000.00                    156,000.00   First Lien                                    -          156,000.00                           -                      -          195,000.00                   80.00
1103645433         SACRAMENTO                                          95838   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    203,000.00                    203,000.00   First Lien                                    -          203,000.00                           -                      -          350,000.00                   58.00
1103645434         PHOENIX                                             85020   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    748,000.00                    748,000.00   First Lien                                    -          748,000.00                           -             935,000.00          950,000.00                   80.00
1103645435         SAN DIEGO                                           92109   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    231,200.00                    231,200.00   First Lien                                    -          289,000.00                   57,800.00             289,000.00          305,000.00                   80.00
1103645436         SANTA XXXX                                          95401   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    438,000.00                    438,000.00   First Lien                                    -          438,000.00                           -                      -          730,000.00                   60.00
1103645437         CERES                                               95307   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    364,000.00                    364,000.00   First Lien                                    -          364,000.00                           -                      -          455,000.00                   80.00
1103645438         GERMANTOWN                                          20874   MD                       20070201                20370101    ARMS                   No                                          360                    360                          358                    476,000.00                    476,000.00   First Lien                                    -          595,000.00                  119,000.00             595,000.00          639,000.00                   80.00
1103645439         AUBURN                                              95602   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    798,000.00                    798,000.00   First Lien                                    -          798,000.00                           -                      -        1,140,000.00                   70.00
0000000000         SAN DIEGO                                           92154   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    280,000.00                    280,000.00   First Lien                                    -          380,016.00                  100,016.00                      -          470,000.00                   59.57
1103645441         CHANDLER                                            85226   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    155,000.00                    155,000.00   First Lien                                    -          155,000.00                           -             265,000.00          270,000.00                   58.49
1103645442         EAST HAVEN                                           6512   CT                       20070201                20370101    ARMS                   No                                          360                    360                          358                    223,200.00                    223,200.00   First Lien                                    -          279,000.00                   55,800.00             279,000.00          295,000.00                   80.00
1103645443         XXXXXXXXX                                           00000   XX                       20070201                20370101    ARMS                   No                                          360                    360                          358                    316,000.00                    316,000.00   First Lien                                    -          395,000.00                   79,000.00             395,000.00          396,500.00                   80.00
1103645444         TOWNSHIP OF XXXXXXX                                  8089   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    151,200.00                    151,200.00   First Lien                                    -          189,000.00                   37,800.00             189,000.00          190,000.00                   80.00
1103645445         XXXXXXX                                              4071   ME                       20070201                20370101    ARMS                   No                                          360                    360                          358                    166,400.00                    166,126.42   First Lien                                    -          208,000.00                   41,600.00                      -          208,000.00                   80.00
1103645446         SILVER SPRING                                       20906   MD                       20070201                20370101    ARMS                   No                                          360                    360                          358                    344,000.00                    344,000.00   First Lien                                    -          430,000.00                   86,000.00             430,000.00          475,000.00                   80.00
1103645447         XXXXX XXXX XXXXX                                    00000   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    290,000.00                    290,000.00   First Lien                                    -          290,000.00                           -                      -          370,000.00                   78.38
1103645448         FAIRFAX                                             22033   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    416,250.00                    416,250.00   First Lien                                    -          491,231.00                   74,981.00                      -          555,000.00                   75.00
1103645449         UKIAH                                               95482   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    289,500.00                    289,500.00   First Lien                                    -          361,916.00                   72,416.00             361,900.00          363,000.00                   79.99
0000000000         GULF SHORES                                         36542   AL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    526,400.00                    526,400.00   First Lien                                    -          676,400.00                  150,000.00             752,000.00          800,000.00                   70.00
1103645468         HOLTVILLE                                           92250   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    116,000.00                    115,895.13   First Lien                                    -          116,000.00                           -                      -          215,000.00                   53.95
1103645470         LAKE PLACID                                         33852   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                     85,000.00                     84,928.59   First Lien                                    -           85,000.00                           -             130,000.00          145,000.00                   65.38
1103645489         DESERT HOT SPRINGS                                  92240   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    209,000.00                    209,000.00   First Lien                                    -          209,000.00                           -                      -          330,000.00                   63.33
1103645510         DETROIT                                             48224   MI                       20061201                20361101    ARMS                   No                                          360                    360                          356                    132,000.00                    132,000.00   First Lien                                    -          165,000.00                   33,000.00                      -          165,000.00                   80.00
1103645511         XXXX XXXX XXXX                                      00000   UT                       20070201                20370101    ARMS                   No                                          360                    360                          358                    157,500.00                    157,500.00   First Lien                                    -          157,500.00                           -                      -          225,000.00                   70.00
1103645514         HILLSIDE                                             7205   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    320,000.00                    320,000.00   First Lien                                    -          400,000.00                   80,000.00             400,000.00          400,000.00                   80.00
1103645516         XXXXX XXXXX                                         00000   PA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    248,800.00                    248,447.67   First Lien                                    -          311,000.00                   62,200.00                      -          311,000.00                   80.00
1103645517         LAS VEGAS                                           89101   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                    208,000.00                    208,000.00   First Lien                                    -          260,000.00                   52,000.00                      -          260,000.00                   80.00
1103645518         SAN MARCOS                                          92078   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    432,000.00                    432,000.00   First Lien                                    -          432,000.00                           -                      -          540,000.00                   80.00
1103645519         XXXX XXXX XXXX                                      00000   UT                       20070201                20370101    ARMS                   No                                          360                    360                          358                    133,000.00                    133,000.00   First Lien                                    -          133,000.00                           -                      -          190,000.00                   70.00
1103645520         VISTA                                               92084   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    306,000.00                    306,000.00   First Lien                                    -          306,000.00                           -                      -          465,000.00                   65.81
1103645522         ATLANTA                                             30349   GA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    132,000.00                    131,798.52   First Lien                                    -          165,000.00                   33,000.00             165,000.00          165,000.00                   80.00
1103645526         ALLENTOWN                                           18103   PA                       20070201                20370101    ARMS                   Yes                                         360                    480                          358                    161,600.00                    161,445.00   First Lien                                    -          161,600.00                           -                      -          202,000.00                   80.00
1103645527         XXXXXXXXXXX XXXX                                    00000   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    106,000.00                    105,803.13   First Lien                                    -          106,000.00                           -                      -          175,000.00                   60.57
1103645528         TUSTIN                                              92780   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    850,000.00                    850,000.00   First Lien                                    -          850,000.00                           -                      -        1,150,000.00                   73.91
1103645530         GILBERT                                             85297   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    272,780.00                    272,780.00   First Lien                                    -          272,780.00                           -             389,686.00          400,000.00                   70.00
0000000000         BROOKLYN                                            11212   NY                       20070201                20370101    ARMS                   Yes                                         360                    480                          358                    237,000.00                    236,769.35   First Lien                                    -          237,000.00                           -                      -          500,000.00                   47.40
1103645546         OREM                                                84057   UT                       20070301                20370201    ARMS                   No                                          360                    360                          359                    196,000.00                    196,000.00   First Lien                                    -          196,000.00                           -                      -          280,000.00                   70.00
1103645551         MIAMI                                               33161   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    432,000.00                    431,538.45   First Lien                                    -          513,000.00                   81,000.00             540,000.00          540,000.00                   80.00
1103645604         MODESTO                                             95350   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    110,000.00                    110,000.00   First Lien                                    -          110,000.00                           -                      -          200,000.00                   55.00
1103645613         SOUTH GATE                                          90280   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    289,000.00                    289,000.00   First Lien                                    -          289,000.00                           -                      -          500,000.00                   57.80
1103645623         WILDOMAR                                            92595   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    436,000.00                    436,000.00   First Lien                                    -          436,000.00                           -                      -          545,000.00                   80.00
1103645628         VIRGINIA BEACH                                      23454   VA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    144,000.00                    143,921.54   First Lien                                    -          144,000.00                           -                      -          180,000.00                   80.00
1103645629         LANCASTER                                           93536   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    345,000.00                    345,000.00   First Lien                                    -          437,000.00                   92,000.00                      -          460,000.00                   75.00
1103645637         GILBERT                                             85233   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    262,500.00                    262,290.08   First Lien                                    -          262,500.00                           -                      -          375,000.00                   70.00
1103645643         XXXXXXX                                             00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    371,000.00                    371,000.00   First Lien                                    -          477,000.00                  106,000.00             530,000.00          534,000.00                   70.00
1103645650         ESCONDIDO                                           92026   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    560,000.00                    560,000.00   First Lien                                    -          560,000.00                           -                      -          700,000.00                   80.00
1103645651         CHERRY VALLEY                                       92223   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    180,000.00                    180,000.00   First Lien                                    -          180,000.00                           -                      -          342,000.00                   52.63
1103645659         KAILUA KONA                                         96740   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    472,100.00                    472,100.00   First Lien                                    -          472,100.00                           -                      -          630,000.00                   74.94
1103645672         SAN DIEGO                                           92131   CA                       20070301                20220201    FIXED                  No                                          180                    180                          179                    960,100.00                    956,833.66   First Lien                                    -          960,100.00                           -           1,371,737.00        1,380,000.00                   69.99
1103645677         ANTIOCH                                             94531   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    236,200.00                    236,200.00   First Lien                                    -          283,500.00                   47,300.00                      -          315,000.00                   74.98
1103645684         TORRANCE                                            90505   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    285,600.00                    285,600.00   First Lien                                    -          333,000.00                   47,400.00                      -          357,000.00                   80.00
0000000000         BURBANK                                             91505   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    584,600.00                    584,600.00   First Lien                                    -          662,550.00                   77,950.00             779,500.00          800,000.00                   75.00
1103645700         MAGALIA                                             95954   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    256,000.00                    256,000.00   First Lien                                    -          288,000.00                   32,000.00             320,000.00          320,000.00                   80.00
1103645706         EUGENE                                              97402   OR                       20070301                20370201    ARMS                   No                                          360                    360                          359                    190,800.00                    190,737.33   First Lien                                    -          190,800.00                           -             212,000.00          235,000.00                   90.00
1103645736         SAN FRANCISCO                                       94127   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    960,000.00                    960,000.00   First Lien                                    -        1,216,000.00                  256,000.00           1,280,000.00        1,280,000.00                   75.00
1103645741         GULFPORT                                            39507   MS                       20070201                20370101    ARMS                   No                                          360                    360                          358                    294,700.00                    294,700.00   First Lien                                    -          399,900.00                  105,200.00             421,000.00          430,000.00                   70.00
1103645744         SANTA XXXX                                          95403   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    550,000.00                    548,821.28   First Lien                                    -          550,000.00                           -             750,000.00          900,000.00                   73.33
1103645750         BENICIA                                             94510   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    616,000.00                    616,000.00   First Lien                                    -          770,000.00                  154,000.00                      -          770,000.00                   80.00
1103645756         LOS ANGELES                                         90003   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    540,000.00                    539,734.39   First Lien                                    -          675,000.00                  135,000.00             675,000.00          750,000.00                   80.00
1103645806         XXXXXXXXXX                                           0000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    210,000.00                    209,844.15   First Lien                                    -          210,000.00                           -                      -          280,000.00                   75.00
1103645810         SOUTH GATE                                          90280   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    275,000.00                    275,000.00   First Lien                                    -          275,000.00                           -                      -          600,000.00                   45.83
1103645823         VAN NUYS                                            91406   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    360,000.00                    360,000.00   First Lien                                    -          360,000.00                           -                      -          625,000.00                   57.60
1103645831         SANTA FE SPRINGS                                    90670   CA                       20070301                20220201    FIXED                  No                                          180                    180                          179                    317,000.00                    315,921.54   First Lien                                    -          317,000.00                           -                      -          637,000.00                   49.76
1103645833         MODESTO                                             95351   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    240,000.00                    240,000.00   First Lien                                    -          270,000.00                   30,000.00             300,000.00          300,000.00                   80.00
1103645836         XXXXX                                               95376   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    264,000.00                    264,000.00   First Lien                                    -          327,500.00                   63,500.00                      -          352,000.00                   75.00
1103645845         SAN XXXX                                            95148   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    548,000.00                    548,000.00   First Lien                                    -          548,000.00                           -             685,000.00          685,000.00                   80.00
1103645847         NORTH HIGHLANDS                                     95660   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    280,000.00                    280,000.00   First Lien                                    -          280,000.00                           -                      -          350,000.00                   80.00
1103645849         XXXXXXXX                                            94553   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          450,000.00                   44.44
1103645851         XXXXXXXXX RANCH                                     91381   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    920,000.00                    919,105.81   First Lien                                    -          920,000.00                           -           1,150,000.00        1,153,000.00                   80.00
1103645880         SPARKS                                              89431   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                    184,000.00                    184,000.00   First Lien                                    -          207,000.00                   23,000.00                      -          230,000.00                   80.00
1103645899         HACIENDA HEIGHTS                                    91745   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    468,000.00                    468,000.00   First Lien                                    -          624,000.00                  156,000.00             624,000.00          624,000.00                   75.00
1103645913         COLTON                                              92324   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    320,000.00                    320,000.00   First Lien                                    -          400,000.00                   80,000.00                      -          400,000.00                   80.00
1103645918         GULF SHORES                                         36542   AL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    175,000.00                    175,000.00   First Lien                                    -          175,000.00                           -                      -          250,000.00                   70.00
1103645926         KAILUA KONA                                         96740   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    199,500.00                    199,500.00   First Lien                                    -          252,700.00                   53,200.00             266,000.00          266,000.00                   75.00
1103645947         ONTARIO                                             91762   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    368,000.00                    368,000.00   First Lien                                    -          460,000.00                   92,000.00             460,000.00          460,000.00                   80.00
1103645965         XXXX XXXXX                                          00000   TX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    600,000.00                    599,373.56   First Lien                                    -          600,000.00                           -                      -        1,550,000.00                   38.71
1103645969         XXXXXXXX                                            00000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    311,000.00                    310,769.19   First Lien                                    -          311,000.00                           -                      -          545,000.00                   57.06
1103645989         NEWARK                                               7104   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    270,000.00                    269,936.50   First Lien                                    -          270,000.00                           -                      -          310,000.00                   87.10
1103645990         PARAMOUNT                                           90723   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    342,400.00                    342,400.00   First Lien                                    -          428,000.00                   85,600.00             428,000.00          440,000.00                   80.00
1103645997         FRESNO                                              93706   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    154,210.00                    154,080.44   First Lien                                    -          154,210.00                           -                      -          220,300.00                   70.00
0000000000         ESCONDIDO                                           92026   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    308,800.00                    308,800.00   First Lien                                    -          383,800.00                   75,000.00                      -          386,000.00                   80.00
1103646062         TEMECULA                                            92592   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    400,000.00                    400,000.00   First Lien                                    -          500,000.00                  100,000.00                      -          500,000.00                   80.00
1103646063         ELK GROVE                                           95758   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    348,000.00                    348,000.00   First Lien                                    -          348,000.00                           -                      -          435,000.00                   80.00
1103646064         CULPEPER                                            22701   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    320,000.00                    320,000.00   First Lien                                    -          400,000.00                   80,000.00                      -          400,000.00                   80.00
1103646065         SAN FRANCISCO                                       94118   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    325,000.00                    325,000.00   First Lien                                    -          325,000.00                           -                      -          775,000.00                   41.94
1103646066         WILMINGTON                                          28412   NC                       20070201                20370101    ARMS                   No                                          360                    360                          358                    158,400.00                    158,400.00   First Lien                                    -          198,000.00                   39,600.00             198,000.00          205,000.00                   80.00
0000000000         XXXXXXXXXX                                          00000   XX                       20070201                20370101    ARMS                   No                                          360                    360                          358                    261,500.00                    261,500.00   First Lien                                    -          326,913.00                   65,413.00             326,900.00          335,000.00                   79.99
1103646068         CAVE CREEK                                          85331   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    385,000.00                    385,000.00   First Lien                                    -          550,000.00                  165,000.00             550,000.00          555,000.00                   70.00
1103646069         XXXXXXXXXX                                          00000   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    169,000.00                    169,000.00   First Lien                                    -          169,000.00                           -                      -          260,000.00                   65.00
1103646070         OAKLAND                                             94619   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    417,000.00                    417,000.00   First Lien                                    -          481,521.00                   64,521.00                      -          535,000.00                   77.94
1103646071         FRAMINGHAM                                           1701   MA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    221,250.00                    221,250.00   First Lien                                    -          280,250.00                   59,000.00             295,000.00          310,000.00                   75.00
1103646072         LAKESIDE                                            92040   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    411,000.00                    411,000.00   First Lien                                    -          411,000.00                           -                      -          725,000.00                   56.69
1103646073         GOLD CANYON                                         85218   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    201,600.00                    201,600.00   First Lien                                    -          201,600.00                           -                      -          252,000.00                   80.00
1103646074         MADERA                                              93638   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    284,000.00                    284,000.00   First Lien                                    -          319,500.00                   35,500.00             355,000.00          355,000.00                   80.00
0000000000         SANTA XXXX                                          95405   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    417,000.00                    417,000.00   First Lien                                    -          554,984.00                  137,984.00                      -          560,000.00                   74.46
1103646076         CONCORD                                             94521   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    290,400.00                    290,400.00   First Lien                                    -          362,891.00                   72,491.00             363,000.00          365,000.00                   80.00
1103646077         CHELSEA                                              2150   MA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    368,800.00                    368,800.00   First Lien                                    -          461,000.00                   92,200.00                      -          461,000.00                   80.00
1103646078         XXXXXXXXXXXX XXXXX                                  00000   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    795,000.00                    795,000.00   First Lien                                    -          848,000.00                   53,000.00           1,060,000.00        1,140,000.00                   75.00
1103646079         TEMPE                                               85281   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    176,000.00                    176,000.00   First Lien                                    -          220,000.00                   44,000.00             220,000.00          220,000.00                   80.00
1103646080         EATONTON                                            31024   GA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    385,000.00                    385,000.00   First Lien                                    -          385,000.00                           -                      -          530,000.00                   72.64
1103646081         XXXXXX HILL                                         95037   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    448,000.00                    448,000.00   First Lien                                    -          448,000.00                           -                      -          560,000.00                   80.00
1103646082         LOS ANGELES                                         90064   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    716,000.00                    716,000.00   First Lien                                    -          895,000.00                  179,000.00             895,000.00          895,000.00                   80.00
0000000000         SEBASTOPOL                                          95472   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -                      -          625,000.00                   80.00
1103646084         SACRAMENTO                                          95822   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    264,000.00                    264,000.00   First Lien                                    -          264,000.00                           -                      -          330,000.00                   80.00
1103646085         OAKDALE                                             95361   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    322,500.00                    322,500.00   First Lien                                    -          322,500.00                           -                      -          430,000.00                   75.00
1103646086         XXXXXXX XXXX                                        00000   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    715,000.00                    715,000.00   First Lien                                    -          832,013.00                  117,013.00                      -          925,000.00                   77.30
1103646087         SAN BRUNO                                           94066   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    270,850.00                    270,850.00   First Lien                                    -          338,604.00                   67,754.00             338,600.00          348,000.00                   79.99
1103646088         CITY OF STOCKTON                                    95206   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    332,000.00                    332,000.00   First Lien                                    -          332,000.00                           -                      -          415,000.00                   80.00
1103646089         OAKLEY                                              94561   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    330,000.00                    330,000.00   First Lien                                    -          330,000.00                           -             480,000.00          480,000.00                   68.75
0000000000         TOWN OF XXXXXXXX                                    00000   XX                       20070201                20370101    ARMS                   No                                          360                    360                          358                    302,400.00                    302,400.00   First Lien                                    -          378,000.00                   75,600.00             378,000.00          378,000.00                   80.00
1103646092         SURPRISE                                            85379   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    193,600.00                    193,600.00   First Lien                                    -          193,600.00                           -                      -          242,000.00                   80.00
1103646093         TOWNSHIP OF TOMS RIVER                               8753   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    125,000.00                    125,000.00   First Lien                                    -          125,000.00                           -             193,000.00          265,000.00                   64.77
1103646094         XXXXXXXXXX                                          00000   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    788,000.00                    788,000.00   First Lien                                    -          908,998.00                  120,998.00                      -        1,010,000.00                   78.02
1103646095         CITY OF ROANOKE RAPIDS                              27870   NC                       20070201                20370101    ARMS                   No                                          360                    360                          358                    169,600.00                    169,600.00   First Lien                                    -          190,800.00                   21,200.00             212,000.00          213,000.00                   80.00
1103646096         SAN PABLO                                           94806   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    392,000.00                    392,000.00   First Lien                                    -          490,000.00                   98,000.00                      -          490,000.00                   80.00
1103646097         OAK BLUFFS                                           2557   MA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    464,800.00                    464,800.00   First Lien                                    -          614,798.00                  149,998.00                      -          664,000.00                   70.00
1103646098         RIALTO                                              92376   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    372,000.00                    372,000.00   First Lien                                    -          441,750.00                   69,750.00                      -          465,000.00                   80.00
1103646099         XXXXX XXXXX                                         00000   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    472,000.00                    472,000.00   First Lien                                    -          531,000.00                   59,000.00             590,000.00          600,000.00                   80.00
1103646100         TOWNSHIP OF MONROE                                   8094   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    217,500.00                    217,500.00   First Lien                                    -          275,500.00                   58,000.00                      -          290,000.00                   75.00
1103646101         RANCHO SANTA FE                                     92067   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    750,000.00                    750,000.00   First Lien                                    -          750,000.00                           -                      -        2,300,000.00                   32.61
1103646102         CALEXICO                                            92231   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    195,000.00                    195,000.00   First Lien                                    -          195,000.00                           -                      -          300,000.00                   65.00
1103646103         XXXX XXXX XXXX                                      00000   UT                       20070201                20370101    ARMS                   No                                          360                    360                          358                    144,000.00                    144,000.00   First Lien                                    -          162,000.00                   18,000.00             180,000.00          240,000.00                   80.00
1103646104         XXXXXXXX                                            00000   XX                       20070201                20370101    ARMS                   No                                          360                    360                          358                    281,950.00                    281,950.00   First Lien                                    -          376,938.00                   94,988.00                      -          425,000.00                   66.34
1103646138         TULSA                                               74135   OK                       20070301                20370201    FIXED                  No                                          360                    360                          359                    111,375.00                    111,296.39   First Lien                                    -          141,075.00                   29,700.00                      -          148,500.00                   75.00
0000000000         SAN XXXX                                            95125   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    202,000.00                    201,546.29   First Lien                                    -          202,000.00                           -             650,000.00          650,000.00                   31.08
1103646144         RAMONA                                              92065   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    316,400.00                    316,400.00   First Lien                                    -          316,400.00                           -                      -          452,000.00                   70.00
1103646145         XXXXXXXXXXXX XXXXX                                  00000   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    377,000.00                    377,000.00   First Lien                                    -          377,000.00                           -             540,000.00          550,000.00                   69.81
1103646146         OCEANSIDE                                           92056   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    456,000.00                    456,000.00   First Lien                                    -          513,000.00                   57,000.00                      -          570,000.00                   80.00
1103646156         SAN XXXXXX                                          94070   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                  1,000,000.00                    998,955.94   First Lien                                    -        1,000,000.00                           -           1,310,000.00        1,310,000.00                   76.34
1103646160         SAN DIEGO                                           92111   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    280,000.00                    280,000.00   First Lien                                    -          338,550.00                   58,550.00                      -          400,000.00                   70.00
1103646162         GARDENA                                             90247   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    258,440.00                    258,440.00   First Lien                                    -          258,440.00                           -                      -          600,000.00                   43.07
1103646170         GARDEN GROVE                                        92841   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    498,500.00                    498,500.00   First Lien                                    -          562,500.00                   64,000.00             625,000.00          630,000.00                   79.76
1103646175         ORANGE                                              92869   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    420,000.00                    420,000.00   First Lien                                    -          420,000.00                           -                      -          770,000.00                   54.55
1103646199         CARLSBAD                                            92009   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    315,000.00                    315,000.00   First Lien                                    -          315,000.00                           -                      -          420,000.00                   75.00
1103646210         DINUBA                                              93618   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    168,000.00                    168,000.00   First Lien                                    -          168,000.00                           -                      -          280,000.00                   60.00
1103646222         CONCORD                                             94520   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    280,000.00                    279,727.86   First Lien                                    -          280,000.00                           -                      -          680,000.00                   41.18
1103646227         XXXXXXX                                             90221   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    352,000.00                    351,725.41   First Lien                                    -          440,000.00                   88,000.00             440,000.00          440,000.00                   80.00
1103646233         RIDGECREST                                          93555   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    130,200.00                    130,200.00   First Lien                                    -          167,400.00                   37,200.00             186,000.00          186,000.00                   70.00
1103646237         RIDGECREST                                          93555   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    122,500.00                    122,500.00   First Lien                                    -          157,500.00                   35,000.00             175,000.00          175,000.00                   70.00
1103646271         XXXXX XXXXX                                         92887   CA                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    560,000.00                    559,718.80   First Lien                                    -          560,000.00                           -                      -          845,000.00                   66.27
1103646282         GULF SHORES                                         36542   AL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    553,000.00                    553,000.00   First Lien                                    -          750,500.00                  197,500.00             790,000.00          815,000.00                   70.00
0000000000         MIAMI BEACH                                         33139   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -             775,000.00          625,000.00                   80.00
1103646302         WATSONVILLE                                         95076   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    626,000.00                    625,420.19   First Lien                                    -          626,000.00                           -                      -        2,500,000.00                   25.04
1103646304         XXXXXXXX XXXXXXX                                    00000   CO                       20070301                20370201    FIXED                  No                                          360                    360                          359                    104,080.00                    104,024.61   First Lien                                    -          104,080.00                           -             130,100.00          138,000.00                   80.00
1103646347         BAKERSFIELD                                         93313   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    208,750.00                    208,750.00   First Lien                                    -          234,800.00                   26,050.00             260,995.00          261,000.00                   79.98
1103646383         LOS ANGELES                                         90008   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    660,000.00                    660,000.00   First Lien                                    -          825,000.00                  165,000.00             825,000.00          825,000.00                   80.00
1103646391         XXXXXXXXX                                           89012   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    692,545.00                    692,545.00   First Lien                                    -          692,545.00                           -                      -        1,450,000.00                   47.76
1103646394         XXXXX XXX                                           00000   WI                       20070101                20361201    ARMS                   No                                          360                    360                          357                    129,600.00                    129,347.97   First Lien                                    -          162,000.00                   32,400.00                      -          162,000.00                   80.00
1103646409         MURRIETA                                            92563   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    316,000.00                    316,000.00   First Lien                                    -          395,000.00                   79,000.00             395,000.00          405,000.00                   80.00
1103646416         MURRELLS INLET                                      29576   SC                       20070301                20370201    ARMS                   No                                          360                    360                          359                    128,000.00                    127,949.13   First Lien                                    -          128,000.00                           -                      -          160,000.00                   80.00
1103646429         SUN CITY                                            85373   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    309,600.00                    309,600.00   First Lien                                    -          348,300.00                   38,700.00             387,105.00          388,000.00                   79.98
1103646438         XXXX XXX                                            00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    152,475.00                    152,475.00   First Lien                                    -          152,475.00                           -             160,500.00          166,000.00                   95.00
1103646441         BAKERSFIELD                                         93304   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    127,000.00                    127,000.00   First Lien                                    -          127,000.00                           -                      -          193,000.00                   65.80
1103646444         CICERO                                              60804   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    168,000.00                    168,000.00   First Lien                                    -          199,500.00                   31,500.00                      -          210,000.00                   80.00
1103646462         QUINCY                                              95971   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    136,000.00                    135,885.75   First Lien                                    -          170,000.00                   34,000.00             170,000.00          175,000.00                   80.00
1103646484         XXXXXX XXXX XXXXX                                   00000   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    113,000.00                    113,000.00   First Lien                                    -          113,000.00                           -                      -          191,000.00                   59.16
1103646503         SAINT XXXX                                          55106   MN                       20070401                20370301    FIXED                  No                                          360                    360                          360                    118,450.00                    118,450.00   First Lien                                    -          218,500.00                  100,050.00             230,000.00          230,000.00                   51.50
1103646533         XXXXXXXXX                                           00000   OR                       20070301                20370201    ARMS                   No                                          360                    360                          359                    426,500.00                    426,500.00   First Lien                                    -          426,500.00                           -                      -          645,000.00                   66.12
1103646537         XXXXXX XXXXX                                        00000   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    202,500.00                    202,500.00   First Lien                                    -          243,000.00                   40,500.00             270,000.00          277,500.00                   75.00
1103646544         LA HABRA                                            90631   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    500,000.00                    500,000.00   First Lien                                    -          598,500.00                   98,500.00                      -          630,000.00                   79.37
1103646576         VALENCIA                                            91354   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    400,000.00                    400,000.00   First Lien                                    -          400,000.00                           -                      -          670,000.00                   59.70
1103646618         MENIFEE                                             92584   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    324,000.00                    324,000.00   First Lien                                    -          405,000.00                   81,000.00             405,000.00          405,000.00                   80.00
1103646625         RIALTO                                              92377   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    292,500.00                    292,500.00   First Lien                                    -          292,500.00                           -                      -          425,000.00                   68.82
1103646629         PHOENIX                                             85051   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    110,000.00                    110,000.00   First Lien                                    -          110,000.00                           -                      -          197,000.00                   55.84
0000000000         SAN XXXXXXXX                                        91340   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    320,000.00                    320,000.00   First Lien                                    -          320,000.00                           -                      -          514,000.00                   62.26
1103646674         LINCOLN                                             68510   NE                       20070301                20370201    FIXED                  No                                          360                    360                          359                     93,200.00                     93,200.00   First Lien                                    -          116,500.00                   23,300.00                      -          116,500.00                   80.00
1103646684         SANTEE                                              92071   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    231,000.00                    231,000.00   First Lien                                    -          231,000.00                           -             391,000.00          400,000.00                   59.08
1103646685         XXXXX XXXXXXXXXX XXX                                00000   PA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    130,000.00                    130,000.00   First Lien                                    -          130,000.00                           -                      -          270,000.00                   48.15
1103646686         TEMPE                                               85284   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    315,000.00                    315,000.00   First Lien                                    -          401,985.00                   86,985.00                      -          450,000.00                   70.00
0000000000         SURPRISE                                            85388   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    201,250.00                    201,250.00   First Lien                                    -          258,010.00                   56,760.00                      -          258,000.00                   78.00
1103646688         OCEANSIDE                                           92057   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    456,000.00                    456,000.00   First Lien                                    -          513,000.00                   57,000.00                      -          570,000.00                   80.00
1103646689         TWP OF GLOUCESTER                                    8029   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    183,200.00                    183,200.00   First Lien                                    -          229,000.00                   45,800.00             229,000.00          229,000.00                   80.00
1103646691         LA MESA                                             91941   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    648,750.00                    648,750.00   First Lien                                    -          809,727.00                  160,977.00                      -          865,000.00                   75.00
1103646692         CENTERVILLE                                          2632   MA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    223,200.00                    223,200.00   First Lien                                    -          279,000.00                   55,800.00             279,000.00          283,000.00                   80.00
1103646693         RED BLUFF                                           96080   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    140,000.00                    140,000.00   First Lien                                    -          175,000.00                   35,000.00             175,000.00          219,000.00                   80.00
1103646694         LIVERMORE                                           94551   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    300,000.00                    300,000.00   First Lien                                    -          440,030.00                  140,030.00                      -          550,000.00                   54.55
0000000000         SAN LEANDRO                                         94577   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    488,000.00                    488,000.00   First Lien                                    -          610,000.00                  122,000.00             610,000.00          610,000.00                   80.00
1103646696         XXXXXXXXX                                           00000   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    340,000.00                    340,000.00   First Lien                                    -          416,500.00                   76,500.00                      -          425,000.00                   80.00
1103646697         FRESNO                                              93720   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    348,000.00                    348,000.00   First Lien                                    -          391,500.00                   43,500.00                      -          435,000.00                   80.00
1103646698         ANTIOCH                                             94509   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    384,000.00                    384,000.00   First Lien                                    -          432,000.00                   48,000.00                      -          480,000.00                   80.00
1103646699         VALLEJO                                             94591   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    493,600.00                    493,600.00   First Lien                                    -          616,980.00                  123,380.00                      -          620,000.00                   79.61
1103646700         XXXXX XXXX                                          00000   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    650,000.00                    650,000.00   First Lien                                    -          840,008.00                  190,008.00                      -          840,000.00                   77.38
1103646701         TRACY                                               95377   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    520,000.00                    520,000.00   First Lien                                    -          617,500.00                   97,500.00                      -          650,000.00                   80.00
1103646702         BRENTWOOD                                           94513   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    740,000.00                    740,000.00   First Lien                                    -          925,000.00                  185,000.00             925,000.00          955,000.00                   80.00
0000000000         HILLSBORO                                           97123   OR                       20070201                20370101    ARMS                   No                                          360                    360                          358                  1,720,000.00                  1,720,000.00   First Lien                                    -        1,720,000.00                           -                      -        2,490,000.00                   69.08
1103646704         PALM DESERT                                         92260   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    273,750.00                    273,750.00   First Lien                                    -          365,000.00                   91,250.00                      -          365,000.00                   75.00
1103646705         SAN DIMAS                                           91773   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    480,000.00                    480,000.00   First Lien                                    -          600,000.00                  120,000.00                      -          600,000.00                   80.00
1103646706         LOS ANGELES                                         90043   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    544,000.00                    544,000.00   First Lien                                    -          544,000.00                           -                      -          680,000.00                   80.00
1103646707         VICTORVILLE                                         92395   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    240,000.00                    240,000.00   First Lien                                    -          285,000.00                   45,000.00                      -          300,000.00                   80.00
1103646708         SAN XXXX                                            95120   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    545,000.00                    545,000.00   First Lien                                    -          545,000.00                           -                      -        1,548,500.00                   35.20
1103646709         GREENBELT                                           20770   MD                       20070201                20370101    ARMS                   No                                          360                    360                          358                    296,000.00                    295,570.16   First Lien                                    -          314,500.00                   18,500.00                      -          370,000.00                   80.00
1103646710         XXXXXX                                               0000   XX                       20070201                20370101    ARMS                   No                                          360                    360                          358                    244,000.00                    244,000.00   First Lien                                    -          305,000.00                   61,000.00             305,000.00          305,000.00                   80.00
0000000000         CULPEPER                                            22701   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    352,000.00                    352,000.00   First Lien                                    -          396,000.00                   44,000.00                      -          440,000.00                   80.00
1103646712         EL CERRITO                                          94530   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          470,000.00                   63.83
1103646713         XXXX XXXXX                                          00000   SC                       20070201                20370101    ARMS                   No                                          360                    360                          358                    293,760.00                    293,760.00   First Lien                                    -          293,760.00                           -             326,400.00          344,000.00                   90.00
1103646714         MALDEN                                               2148   MA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    156,800.00                    156,800.00   First Lien                                    -          196,000.00                   39,200.00             196,000.00          199,000.00                   80.00
1103646715         BETHESDA                                            20816   MD                       20070201                20370101    ARMS                   No                                          360                    360                          358                    656,800.00                    656,800.00   First Lien                                    -          821,000.00                  164,200.00                      -          821,000.00                   80.00
1103646716         MILL VALLEY                                         94941   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    515,000.00                    515,000.00   First Lien                                    -          515,000.00                           -                      -          808,000.00                   63.74
1103646717         XXXXXXX XXXX                                        00000   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    396,000.00                    396,000.00   First Lien                                    -          396,000.00                           -                      -          500,000.00                   79.20
1103646718         PHOENIX                                             85029   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    180,000.00                    180,000.00   First Lien                                    -          180,000.00                           -                      -          225,000.00                   80.00
1103646719         FOUNTAIN HILLS                                      85268   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    373,750.00                    373,750.00   First Lien                                    -          373,750.00                           -                      -          575,000.00                   65.00
1103646720         SAN LEANDRO                                         94579   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    440,000.00                    440,000.00   First Lien                                    -          440,000.00                           -                      -          568,000.00                   77.46
1103646721         LA MESA                                             91942   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    408,000.00                    408,000.00   First Lien                                    -          482,919.00                   74,919.00             510,000.00          512,000.00                   80.00
1103646722         SANTA XXX                                           92707   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    480,000.00                    480,000.00   First Lien                                    -          600,000.00                  120,000.00             600,000.00          600,000.00                   80.00
1103646723         HOLMDEL                                              7733   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    650,000.00                    650,000.00   First Lien                                    -          650,000.00                           -                      -        1,055,000.00                   61.61
1103646725         PHOENIX                                             85022   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    225,000.00                    225,000.00   First Lien                                    -          225,000.00                           -                      -          450,000.00                   50.00
1103646726         TEMPE                                               85283   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    224,000.00                    224,000.00   First Lien                                    -          257,600.00                   33,600.00                      -          280,000.00                   80.00
1103646727         ROSEVILLE                                           95747   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    461,250.00                    461,250.00   First Lien                                    -          553,500.00                   92,250.00                      -          615,000.00                   75.00
1103646728         XXXXXXXXX                                           00000   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    257,600.00                    257,600.00   First Lien                                    -          340,022.00                   82,422.00                      -          380,000.00                   67.79
0000000000         FREMONT                                             94536   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    328,000.00                    328,000.00   First Lien                                    -          369,000.00                   41,000.00                      -          410,000.00                   80.00
1103646770         NAPA                                                94559   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    440,000.00                    439,572.34   First Lien                                    -          440,000.00                           -                      -          675,000.00                   65.19
1103646782         TUSTIN                                              92782   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    824,800.00                    824,800.00   First Lien                                    -          824,800.00                           -                      -        1,031,000.00                   80.00
0000000000         NORTH LAUDERDALE                                    33068   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    158,500.00                    158,377.58   First Lien                                    -          158,500.00                           -                      -          240,000.00                   66.04
1103646799         PHOENIX                                             85040   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    102,600.00                    102,600.00   First Lien                                    -          102,600.00                           -                      -          155,000.00                   66.19
0000000000         FRESNO                                              93701   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    138,600.00                    138,600.00   First Lien                                    -          188,100.00                   49,500.00                      -          198,000.00                   70.00
1103646817         PALMDALE                                            93551   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    452,000.00                    452,000.00   First Lien                                    -          452,000.00                           -                      -          565,000.00                   80.00
1103646832         BAKERSFIELD                                         93313   CA                       20061101                20361001    FIXED                  No                                          360                    360                          355                    260,000.00                    260,000.00   First Lien                                    -          260,000.00                           -                      -          330,000.00                   78.79
1103646840         BAKERSFIELD                                         93313   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    257,800.00                    257,800.00   First Lien                                    -          322,250.00                   64,450.00             322,310.00          323,000.00                   79.99
1103646878         LAVEEN                                              85339   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    374,500.00                    374,500.00   First Lien                                    -          508,250.00                  133,750.00             535,000.00          630,000.00                   70.00
1103646882         LOS ANGELES                                         90018   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    490,000.00                    490,000.00   First Lien                                    -          490,000.00                           -             640,000.00          650,000.00                   76.56
1103646886         NORWALK                                             90650   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    416,000.00                    416,000.00   First Lien                                    -          466,000.00                   50,000.00                      -          525,000.00                   79.24
1103646908         LONG BEACH                                          90810   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    364,000.00                    364,000.00   First Lien                                    -          449,000.00                   85,000.00                      -          455,000.00                   80.00
1103646911         BAKERSFIELD                                         93312   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    268,750.00                    268,750.00   First Lien                                    -          335,950.00                   67,200.00             335,965.00          336,000.00                   79.99
1103646914         LA MESA                                             91941   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    628,000.00                    628,000.00   First Lien                                    -          628,000.00                           -                      -          900,000.00                   69.78
0000000000         ANAHEIM                                             92802   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    384,000.00                    384,000.00   First Lien                                    -          480,000.00                   96,000.00             480,000.00          480,000.00                   80.00
0000000000         SAN XXXX                                            95112   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    735,000.00                    735,000.00   First Lien                                    -          735,000.00                           -                      -        1,050,000.00                   70.00
1103646972         SAN DIEGO                                           92154   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    356,000.00                    356,000.00   First Lien                                    -          445,000.00                   89,000.00             445,000.00          445,000.00                   80.00
1103646975         XXXXXXXX                                            00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    423,650.00                    423,650.00   First Lien                                    -          536,600.00                  112,950.00             564,900.00          595,000.00                   75.00
0000000000         DESTIN                                              32541   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    354,000.00                    354,000.00   First Lien                                    -          354,000.00                           -             442,950.00          443,000.00                   79.92
1103647018         MAYWOOD                                             90270   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    496,000.00                    496,000.00   First Lien                                    -          620,000.00                  124,000.00             620,000.00          620,000.00                   80.00
1103647035         VENTURA                                             93001   CA                       20070301                20220201    FIXED                  No                                          180                    180                          179                    702,000.00                    699,637.14   First Lien                                    -          702,000.00                           -                      -          950,000.00                   73.89
1103647043         YUBA CITY                                           95991   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          275,000.00                   72.73
1103647046         CORONA                                              92882   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    368,000.00                    368,000.00   First Lien                                    -          368,000.00                           -                      -          460,000.00                   80.00
1103647059         SAN XXXX                                            95111   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          645,000.00                   46.51
1103647063         ONTARIO                                             91762   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    364,000.00                    364,000.00   First Lien                                    -          455,000.00                   91,000.00                      -          455,000.00                   80.00
1103647071         SAN DIEGO                                           92102   CA                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    357,000.00                    356,848.99   First Lien                                    -          357,000.00                           -                      -          470,000.00                   75.96
1103647089         RANCHO CUCAMONGA                                    91701   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    380,000.00                    380,000.00   First Lien                                    -          380,000.00                           -                      -          475,000.00                   80.00
1103647091         LOS BANOS                                           93635   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    238,000.00                    238,000.00   First Lien                                    -          306,000.00                   68,000.00                      -          340,000.00                   70.00
1103647097         SANTA XXXXX AREA                                    93455   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    364,000.00                    364,000.00   First Lien                                    -          364,000.00                           -                      -          455,000.00                   80.00
1103647102         KNOXVILLE                                           37922   TN                       20070301                20370201    ARMS                   No                                          360                    360                          359                    200,000.00                    199,893.56   First Lien                                    -          200,000.00                           -                      -          405,000.00                   49.38
1103647119         LAS VEGAS                                           89115   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    202,500.00                    202,400.40   First Lien                                    -          202,500.00                           -             225,000.00          225,000.00                   90.00
1103647129         XXXX XXXXX XXXXX                                    00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    175,200.00                    175,056.39   First Lien                                    -          219,000.00                   43,800.00             219,000.00          220,000.00                   80.00
0000000000         MIAMI                                               33196   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    139,930.00                    139,930.00   First Lien                                    -          189,905.00                   49,975.00             199,900.00          203,000.00                   70.00
1103647138         PASADENA                                            91104   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                  1,000,000.00                  1,000,000.00   First Lien                                    -        1,000,000.00                           -                      -        1,300,000.00                   76.92
1103647163         CORONA                                              92880   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    616,400.00                    616,400.00   First Lien                                    -          731,950.00                  115,550.00                      -          770,500.00                   80.00
1103647170         OMAHA                                               68108   NE                       20070401                20370301    FIXED                  No                                          360                    360                          360                     98,000.00                     98,000.00   First Lien                                    -           98,000.00                           -             140,000.00          156,000.00                   70.00
1103647178         SPRING HILL                                         34606   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    119,000.00                    119,000.00   First Lien                                    -          119,000.00                           -                      -          140,000.00                   85.00
1103647209         PHOENIX                                             85035   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    164,000.00                    164,000.00   First Lien                                    -          205,000.00                   41,000.00                      -          220,000.00                   74.55
1103647228         XXXXXXXXXX                                          77316   TX                       20070201                20370101    FIXED                  No                                          360                    360                          358                     69,120.00                     69,031.00   First Lien                                    -           69,120.00                           -              76,800.00           79,000.00                   90.00
1103647251         FULLERTON                                           92833   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    536,000.00                    536,000.00   First Lien                                    -          670,000.00                  134,000.00             670,000.00          735,000.00                   80.00
1103647303         SAN DIEGO                                           92114   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    315,000.00                    315,000.00   First Lien                                    -          315,000.00                           -                      -          400,000.00                   78.75
1103647304         XXXXXXXXX XXXXX                                     00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    180,000.00                    180,000.00   First Lien                                    -          180,000.00                           -             200,000.00          230,000.00                   90.00
0000000000         LAGUNA NIGUEL                                       92677   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    417,000.00                    417,000.00   First Lien                                    -          517,000.00                  100,000.00                      -          659,000.00                   63.28
1103647327         XXXXXXXXXX                                          00000   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    900,000.00                    899,125.25   First Lien                                    -        1,190,000.00                  290,000.00                      -        1,550,000.00                   58.06
1103647332         TAMPA                                               33602   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    245,000.00                    245,000.00   First Lien                                    -          245,000.00                           -                      -          350,000.00                   70.00
1103647337         LAS VEGAS                                           89110   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    273,000.00                    273,000.00   First Lien                                    -          273,000.00                           -                      -          460,000.00                   59.35
1103647350         XXXXXXX XXXXX                                       00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                  1,000,000.00                  1,000,000.00   First Lien                                    -        1,341,000.00                  341,000.00           1,490,000.00        1,490,000.00                   67.11
1103647363         GARDEN GROVE                                        92843   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    325,000.00                    325,000.00   First Lien                                    -          325,000.00                           -                      -          655,000.00                   49.62
1103647377         HIALEH                                              33018   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    244,800.00                    244,800.00   First Lien                                    -          275,450.00                   30,650.00             306,990.00          306,990.00                   79.74
0000000000         XXXXXXX XXXXX                                       00000   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    496,000.00                    496,000.00   First Lien                                    -          620,000.00                  124,000.00             620,000.00          625,000.00                   80.00
1103647415         SANTA CLARITA                                       91351   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    188,000.00                    188,000.00   First Lien                                    -          211,500.00                   23,500.00                      -          235,000.00                   80.00
0000000000         SAN XXXX                                            95124   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    444,550.00                    444,096.76   First Lien                                    -          444,550.00                           -                      -          745,000.00                   59.67
1103647421         RIVERSIDE                                           92505   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    100,100.00                    100,015.90   First Lien                                    -          100,100.00                           -                      -          432,000.00                   23.17
1103647424         LOS ANGELES                                         90056   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    664,000.00                    664,000.00   First Lien                                    -          664,000.00                           -                      -        1,200,000.00                   55.33
1103647454         MIAMI                                               33155   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    311,550.00                    311,550.00   First Lien                                    -          311,550.00                           -                      -          625,000.00                   49.85
1103647474         SAN DIEGO                                           92126   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    370,000.00                    369,673.56   First Lien                                    -          370,000.00                           -                      -          550,000.00                   67.27
1103647477         SAN XXXXXXXX                                        91340   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    410,400.00                    410,400.00   First Lien                                    -          461,700.00                   51,300.00                      -          513,000.00                   80.00
0000000000         PHOENIX                                             85033   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    118,413.00                    118,413.00   First Lien                                    -          160,703.00                   42,290.00             169,162.00          174,000.00                   70.00
1103647483         XXXX XXXX XXXXX                                     00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    102,200.00                    102,200.00   First Lien                                    -          138,700.00                   36,500.00             146,000.00          154,000.00                   70.00
1103647492         EL CENTRO                                           92243   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    111,000.00                    111,000.00   First Lien                                    -          111,000.00                           -                      -          180,000.00                   61.67
1103647494         ALLENTOWN                                           18103   PA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    266,800.00                    266,800.00   First Lien                                    -          266,800.00                           -             280,892.16          295,000.00                   94.98
1103647498         PENSACOLA                                           32506   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                     99,000.00                     98,912.65   First Lien                                    -           99,000.00                           -                      -          165,000.00                   60.00
1103647499         XXXXXXX                                             00000   XX                       20070401                20370301    FIXED                  No                                          360                    360                          360                    535,000.00                    535,000.00   First Lien                                    -          535,000.00                           -             952,950.00          955,000.00                   56.14
0000000000         LAKEWOOD                                            90713   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    370,000.00                    370,000.00   First Lien                                    -          370,000.00                           -                      -          575,000.00                   64.35
1103647510         LOS ANGELES                                         90008   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    300,000.00                    300,000.00   First Lien                                    -          356,250.00                   56,250.00             375,000.00          462,000.00                   80.00
0000000000         XXXXXXXXX                                            7201   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    472,000.00                    472,000.00   First Lien                                    -          501,500.00                   29,500.00                      -          590,000.00                   80.00
1103647554         SAN DIEGO                                           92128   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    250,000.00                    249,809.77   First Lien                                    -          250,000.00                           -                      -          780,000.00                   32.05
1103647563         SAN DIEGO                                           92120   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    394,200.00                    393,778.57   First Lien                                    -          394,200.00                           -                      -          540,000.00                   73.00
1103647618         OXNARD                                              93036   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    440,300.00                    440,300.00   First Lien                                    -          629,000.00                  188,700.00             629,000.00          629,000.00                   70.00
1103647621         VISTA                                               92081   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    432,000.00                    432,000.00   First Lien                                    -          540,000.00                  108,000.00             540,000.00          540,000.00                   80.00
1103647633         MURRIETA                                            92563   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    448,000.00                    448,000.00   First Lien                                    -          448,000.00                           -                      -          560,000.00                   80.00
1103647642         GOLETA                                              93117   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    628,500.00                    628,500.00   First Lien                                    -          628,500.00                           -                      -          930,000.00                   67.58
1103647667         FRESNO                                              93706   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    140,000.00                    140,000.00   First Lien                                    -          140,000.00                           -                      -          190,000.00                   73.68
1103647681         LAKE FOREST                                         92630   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    600,000.00                    600,000.00   First Lien                                    -          693,000.00                   93,000.00                      -          800,000.00                   75.00
1103647686         SURPRISE                                            85379   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    324,000.00                    324,000.00   First Lien                                    -          324,000.00                           -                      -          440,000.00                   73.64
1103647707         INDIO                                               92201   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    331,500.00                    331,500.00   First Lien                                    -          331,500.00                           -                      -          390,000.00                   85.00
1103647712         WILDWOOD                                             8260   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    251,300.00                    251,300.00   First Lien                                    -          323,100.00                   71,800.00             359,000.00          372,000.00                   70.00
1103647725         MIAMI                                               33183   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    172,000.00                    172,000.00   First Lien                                    -          215,000.00                   43,000.00             215,000.00          215,000.00                   80.00
1103647757         XXXXXXXX XXXXX                                      00000   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    336,000.00                    336,000.00   First Lien                                    -          420,000.00                   84,000.00             420,000.00          422,000.00                   80.00
1103647762         NATIONAL CITY                                       91950   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    364,000.00                    364,000.00   First Lien                                    -          455,000.00                   91,000.00                      -          455,000.00                   80.00
1103647778         YUCAIPA                                             92399   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    300,000.00                    299,708.42   First Lien                                    -          300,000.00                           -                      -          375,000.00                   80.00
1103647788         BAKERSFIELD                                         93307   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    130,000.00                    130,000.00   First Lien                                    -          130,000.00                           -                      -          286,000.00                   45.45
1103647793         TAMPA                                               33607   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    176,000.00                    176,000.00   First Lien                                    -          176,000.00                           -                      -          220,000.00                   80.00
1103647794         BROCKTON                                             2301   MA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    289,000.00                    289,000.00   First Lien                                    -          289,000.00                           -                      -          380,000.00                   76.05
1103647815         RANCHO CUCAMONGA                                    91730   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    500,000.00                    500,000.00   First Lien                                    -          617,500.00                  117,500.00                      -          650,000.00                   76.92
1103647843         SAN XXXX                                            95127   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    479,800.00                    479,800.00   First Lien                                    -          479,800.00                           -                      -          640,000.00                   74.97
1103647844         SAN DIEGO                                           92113   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    375,500.00                    375,500.00   First Lien                                    -          375,500.00                           -                      -          590,000.00                   63.64
1103647856         AREA OF LA XXXXXX                                   91744   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    303,000.00                    303,000.00   First Lien                                    -          303,000.00                           -                      -          480,000.00                   63.13
0000000000         PLEASANTON                                          94566   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    520,000.00                    519,506.60   First Lien                                    -          520,000.00                           -             650,000.00          650,000.00                   80.00
1103647876         TAMPA                                               33604   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    150,400.00                    150,400.00   First Lien                                    -          150,400.00                           -                      -          188,000.00                   80.00
1103647884         SAN BERNARDINO                                      92407   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    143,500.00                    143,500.00   First Lien                                    -          143,500.00                           -                      -          205,000.00                   70.00
1103647885         SAN XXXXXX                                          93451   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    608,000.00                    608,000.00   First Lien                                    -          608,000.00                           -                      -          760,000.00                   80.00
1103647893         SAN DIEGO                                           92101   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    422,000.00                    421,579.09   First Lien                                    -          422,000.00                           -                      -          850,000.00                   49.65
1103647900         SAN XXXXXX                                          93451   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    616,000.00                    616,000.00   First Lien                                    -          616,000.00                           -                      -          770,000.00                   80.00
1103647901         SACRAMENTO                                          95864   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    505,000.00                    505,000.00   First Lien                                    -          505,000.00                           -                      -        1,150,000.00                   43.91
1103647912         NEW HAVEN                                            6513   CT                       20070201                20370101    ARMS                   No                                          360                    360                          358                    284,000.00                    284,000.00   First Lien                                    -          337,250.00                   53,250.00             355,000.00          355,000.00                   80.00
1103647913         XXXXXX                                              00000   XX                       20070201                20370101    ARMS                   No                                          360                    360                          358                    499,800.00                    499,800.00   First Lien                                    -          642,600.00                  142,800.00             714,000.00          760,000.00                   70.00
1103647914         XXXXXXX                                              8527   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    294,000.00                    294,000.00   First Lien                                    -          378,000.00                   84,000.00                      -          420,000.00                   70.00
1103647918         CYPRESS                                             90630   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    375,000.00                    374,652.68   First Lien                                    -          375,000.00                           -                      -          713,000.00                   52.59
1103647921         MIAMI                                               33169   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    498,750.00                    498,750.00   First Lien                                    -          498,750.00                           -             528,884.00          525,000.00                   95.00
1103647927         TAMPA                                               33603   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    150,400.00                    150,400.00   First Lien                                    -          150,400.00                           -                      -          188,000.00                   80.00
1103647932         XXXXXXXXXX XXXX                                     00000   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    230,000.00                    229,797.07   First Lien                                    -          230,000.00                           -                      -          370,000.00                   62.16
1103647935         LADY LAKE                                           32159   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                     50,000.00                     49,917.11   First Lien                                    -           50,000.00                           -                      -          420,700.00                   11.88
1103647936         LAKEWOOD                                             8701   NJ                       20070201                20370101    FIXED                  No                                          360                    360                          358                    120,000.00                    119,816.82   First Lien                                    -          120,000.00                           -                      -          168,000.00                   71.43
1103647937         FORKED RIVER                                         8731   NJ                       20070201                20370101    FIXED                  No                                          360                    360                          358                     87,000.00                     86,842.27   First Lien                                    -           87,000.00                           -             237,000.00          238,000.00                   36.71
1103647938         XXXX XXXX XXXXX                                     00000   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    119,000.00                    118,839.77   First Lien                                    -          119,000.00                           -                      -          140,000.00                   85.00
0000000000         NEW YORK                                            10019   NY                       20070201                20370101    FIXED                  No                                          360                    360                          358                    700,000.00                    698,820.47   First Lien                                    -          700,000.00                           -                      -        1,000,000.00                   70.00
1103647942         POINT  PLEASANT                                      8742   NJ                       20070201                20370101    FIXED                  No                                          360                    360                          358                    265,000.00                    264,553.46   First Lien                                    -          265,000.00                           -                      -          420,000.00                   63.10
1103647944         XXXXX XXXXX                                         00000   NY                       20070201                20370101    FIXED                  No                                          360                    360                          358                    805,000.00                    803,609.94   First Lien                                    -          805,000.00                           -                      -        1,150,000.00                   70.00
1103647945         PLAINFIELD                                           7062   NJ                       20061201                20361101    FIXED                  No                                          360                    360                          356                    373,600.00                    372,637.20   First Lien                                    -          467,000.00                   93,400.00                      -          470,000.00                   79.49
1103647950         EAST STROUDSBURG                                    18301   PA                       20070101                20361201    FIXED                  No                                          360                    360                          357                    184,500.00                    184,086.66   First Lien                                    -          184,500.00                           -                      -          205,000.00                   90.00
1103647952         XXXXXX XXXXX                                        00000   NY                       20061201                20361101    FIXED                  No                                          360                    360                          356                    400,000.00                    398,541.80   First Lien                                    -          600,000.00                  200,000.00             700,000.00          700,000.00                   57.14
1103647954         JAMAICA                                             11434   NY                       20061201                20361101    FIXED                  No                                          360                    360                          356                    284,000.00                    283,037.38   First Lien                                    -          284,000.00                           -                      -          355,000.00                   80.00
1103647955         FLUSHING                                            11367   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    700,000.00                    698,044.63   First Lien                                    -          700,000.00                           -             875,000.00          875,000.00                   80.00
1103647957         WARWICK                                             10990   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    256,000.00                    255,351.08   First Lien                                    -          256,000.00                           -             320,000.00          320,000.00                   80.00
0000000000         BRIDGEPORT                                           6605   CT                       20070201                20370101    FIXED                  No                                          360                    360                          358                    321,750.00                    321,750.00   First Lien                                    -          386,100.00                   64,350.00             429,000.00          433,000.00                   75.00
1103647959         YONKERS                                             10703   NY                       20070201                20370101    FIXED                  No                                          360                    360                          358                    600,000.00                    600,000.00   First Lien                                    -          674,950.00                   74,950.00             763,200.00          750,000.00                   80.00
1103647960         WHITE PLAINS                                        10603   NY                       20070201                20370101    FIXED                  No                                          360                    360                          358                    350,000.00                    350,000.00   First Lien                                    -          350,000.00                           -             397,000.00          400,000.00                   88.16
1103647961         FREEHOLD                                             7728   NJ                       20070201                20370101    FIXED                  No                                          360                    360                          358                    612,500.00                    612,500.00   First Lien                                    -          679,000.00                   66,500.00                      -          875,000.00                   70.00
1103647962         MONROE                                              10950   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    245,000.00                    245,000.00   First Lien                                    -          245,000.00                           -                      -          350,000.00                   70.00
1103647965         TOMS  RIVER                                          8735   NJ                       20070201                20320101    FIXED                  No                                          300                    300                          298                    377,000.00                    375,990.38   First Lien                                    -          377,000.00                           -                      -          660,000.00                   57.12
1103647967         WALNUT                                              91789   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    455,000.00                    455,000.00   First Lien                                    -          455,000.00                           -                      -          690,000.00                   65.94
1103647981         GARDEN GROVE                                        92843   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    453,700.00                    453,700.00   First Lien                                    -          605,000.00                  151,300.00             605,000.00          605,000.00                   74.99
1103648032         FONTANA                                             92336   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    370,000.00                    370,000.00   First Lien                                    -          370,000.00                           -                      -          470,000.00                   78.72
1103648041         SAN XXXX CAPISTRANO                                 92675   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    370,000.00                    370,000.00   First Lien                                    -          370,000.00                           -                      -          680,000.00                   54.41
1103648046         DALLAS                                              75205   TX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    650,000.00                    649,337.29   First Lien                                    -          650,000.00                           -           1,263,000.00        1,360,000.00                   51.46
1103648051         MESA                                                85202   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    161,000.00                    161,000.00   First Lien                                    -          207,000.00                   46,000.00             230,000.00          235,000.00                   70.00
1103648069         SOLEDAD                                             93960   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    405,600.00                    405,600.00   First Lien                                    -          503,600.00                   98,000.00                      -          507,000.00                   80.00
1103648088         PHOENIX                                             85043   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    168,900.00                    168,900.00   First Lien                                    -          168,900.00                           -             215,000.00          211,125.00                   80.00
1103648102         XXXXXXX                                             00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    147,600.00                    147,600.00   First Lien                                    -          147,600.00                           -             184,550.00          210,000.00                   79.98
1103648103         RIVERSIDE                                           92503   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    340,000.00                    340,000.00   First Lien                                    -          403,750.00                   63,750.00                      -          425,000.00                   80.00
1103648127         HEMET                                               92544   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    220,000.00                    220,000.00   First Lien                                    -          261,250.00                   41,250.00             275,000.00          275,000.00                   80.00
1103648131         XXXXX XXXXX                                         92886   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    400,000.00                    400,000.00   First Lien                                    -          400,000.00                           -                      -          630,000.00                   63.49
1103648149         SAN BERNARDINO                                      92405   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    228,800.00                    228,800.00   First Lien                                    -          271,700.00                   42,900.00             286,000.00          286,000.00                   80.00
1103648161         LANCASTER                                           93535   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    270,000.00                    270,000.00   First Lien                                    -          270,000.00                           -                      -          360,000.00                   75.00
1103648181         REDLANDS                                            92374   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    270,000.00                    269,809.44   First Lien                                    -          270,000.00                           -             383,000.00          383,000.00                   70.50
1103648203         HOMEWOOD                                            96141   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    616,000.00                    615,341.46   First Lien                                    -          616,000.00                           -             880,000.00          917,100.00                   70.00
1103648217         BETHLEHEM                                           18015   PA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    168,750.00                    168,621.59   First Lien                                    -          202,500.00                   33,750.00                      -          225,000.00                   75.00
1103648229         ALBRIGHTSVILLE                                      18210   PA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    108,000.00                    108,000.00   First Lien                                    -          108,000.00                           -             125,000.00          125,000.00                   86.40
1103648236         PETALUMA                                            94952   CA                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    480,000.00                    479,885.40   First Lien                                    -          539,400.00                   59,400.00                      -          600,000.00                   80.00
0000000000         ANAHEIM                                             92804   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    450,000.00                    450,000.00   First Lien                                    -          540,000.00                   90,000.00                      -          600,000.00                   75.00
1103648249         HIDDEN VALLEY LAKE                                  95467   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    313,000.00                    313,000.00   First Lien                                    -          313,000.00                           -                      -          530,000.00                   59.06
1103648250         CORONA                                              92879   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    490,400.00                    490,400.00   First Lien                                    -          613,000.00                  122,600.00                      -          613,000.00                   80.00
1103648263         SANTEE                                              92071   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    290,000.00                    290,000.00   First Lien                                    -          290,000.00                           -                      -          460,000.00                   63.04
1103648267         PICO XXXXXX                                         90660   CA                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    152,250.00                    152,187.80   First Lien                                    -          152,250.00                           -                      -          435,000.00                   35.00
1103648288         CHICO                                               95928   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    252,000.00                    252,000.00   First Lien                                    -          283,500.00                   31,500.00             315,000.00          315,000.00                   80.00
1103648296         APISON                                              37302   TN                       20070401                20370301    FIXED                  No                                          360                    360                          360                    148,500.00                    148,500.00   First Lien                                    -          148,500.00                           -                      -          168,000.00                   88.39
1103648342         BLOOMINGTON                                         55428   MN                       20070301                20370201    ARMS                   No                                          360                    360                          359                    175,700.00                    175,700.00   First Lien                                    -          238,450.00                   62,750.00                      -          251,000.00                   70.00
0000000000         COMMERCE                                            90040   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    416,250.00                    416,250.00   First Lien                                    -          416,250.00                           -                      -          555,000.00                   75.00
1103648371         LA MIRADA                                           90638   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    470,000.00                    469,532.11   First Lien                                    -          470,000.00                           -                      -          610,000.00                   77.05
0000000000         SANTA XXXX                                          95404   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    408,000.00                    408,000.00   First Lien                                    -          510,000.00                  102,000.00             510,000.00          545,000.00                   80.00
1103648379         XXXXXX                                              00000   XX                       20070201                20370101    ARMS                   No                                          360                    360                          358                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -                      -          625,000.00                   80.00
1103648381         MANASSAS                                            20110   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    224,000.00                    224,000.00   First Lien                                    -          262,976.00                   38,976.00                      -          280,000.00                   80.00
1103648382         REDONDO BEACH                                       90278   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    592,000.00                    592,000.00   First Lien                                    -          734,968.00                  142,968.00                      -          740,000.00                   80.00
1103648383         PHOENIX                                             85029   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          250,000.00                   80.00
1103648384         XXXX POINT                                          92629   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    609,000.00                    609,000.00   First Lien                                    -          609,000.00                           -                      -          785,000.00                   77.58
1103648385         PASADENA                                            91103   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    386,750.00                    386,750.00   First Lien                                    -          446,726.00                   59,976.00                      -          595,000.00                   65.00
0000000000         PETALUMA                                            94952   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    488,000.00                    488,000.00   First Lien                                    -          610,000.00                  122,000.00             610,000.00          610,000.00                   80.00
1103648387         LAGUNA HILLS                                        92653   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    856,000.00                    856,000.00   First Lien                                    -        1,055,983.00                  199,983.00                      -        1,070,000.00                   80.00
1103648388         XXXXXXXXXXX                                         00000   XX                       20070201                20370101    ARMS                   No                                          360                    360                          358                    980,000.00                    980,000.00   First Lien                                    -        1,044,925.00                   64,925.00                      -        1,225,000.00                   80.00
1103648389         XXXXX XXXX                                          00000   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    233,200.00                    233,200.00   First Lien                                    -          291,500.00                   58,300.00             291,499.00          291,499.00                   80.00
1103648390         SAN DIEGO                                           92119   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    257,400.00                    257,400.00   First Lien                                    -          323,148.00                   65,748.00                      -          325,000.00                   79.20
1103648391         BOWIE                                               20721   MD                       20070201                20370101    ARMS                   No                                          360                    360                          358                    245,000.00                    245,000.00   First Lien                                    -          245,000.00                           -                      -          350,000.00                   70.00
1103648392         EAST PALO ALTO                                      94303   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    360,800.00                    360,800.00   First Lien                                    -          451,000.00                   90,200.00             451,000.00          451,000.00                   80.00
1103648393         MARLTON                                              8053   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    212,000.00                    212,000.00   First Lien                                    -          238,500.00                   26,500.00                      -          265,000.00                   80.00
0000000000         PHOENIX                                             85016   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    623,000.00                    623,000.00   First Lien                                    -          756,500.00                  133,500.00             890,000.00          900,000.00                   70.00
1103648396         SAN XXXX                                            95111   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    296,000.00                    296,000.00   First Lien                                    -          325,970.00                   29,970.00                      -          370,000.00                   80.00
1103648397         SALINAS                                             93906   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    448,000.00                    448,000.00   First Lien                                    -          448,000.00                           -                      -          560,000.00                   80.00
1103648398         XXXXXXX XXXX                                         0000   MA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    424,000.00                    424,000.00   First Lien                                    -          530,000.00                  106,000.00             530,000.00          550,000.00                   80.00
1103648399         XXXXXXX                                             00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    248,000.00                    248,000.00   First Lien                                    -          310,000.00                   62,000.00             310,000.00          314,000.00                   80.00
1103648406         XXXXXXXX                                            00000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    591,500.00                    590,896.94   First Lien                                    -          591,500.00                           -             910,000.00          925,000.00                   65.00
1103648412         XXXXXXXXXX                                          00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    238,000.00                    238,000.00   First Lien                                    -          238,000.00                           -                      -          300,000.00                   79.33
1103648413         XXXXXXXX                                            00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    192,000.00                    192,000.00   First Lien                                    -          192,000.00                           -             240,000.00          245,000.00                   80.00
1103648421         XXX XXXX XXXX                                       00000   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    128,300.00                    128,300.00   First Lien                                    -          128,300.00                           -                      -          195,000.00                   65.79
1103648429         NORTH BEND                                          98045   WA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    148,000.00                    147,845.48   First Lien                                    -          148,000.00                           -                      -          185,000.00                   80.00
1103648430         KAHULUI                                             96732   HI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    466,750.00                    466,750.00   First Lien                                    -          583,450.00                  116,700.00             583,469.00          610,000.00                   80.00
1103648442         SAN XXXX CAPISTRANO                                 92675   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    273,700.00                    273,700.00   First Lien                                    -          364,950.00                   91,250.00             365,000.00          375,000.00                   74.99
1103648445         XXXX XXXXXX XXXXX                                   00000   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    521,000.00                    521,000.00   First Lien                                    -          707,400.00                  186,400.00                      -          785,000.00                   66.37
1103648448         LODI                                                95240   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    337,500.00                    337,194.90   First Lien                                    -          337,500.00                           -                      -          490,000.00                   68.88
1103648466         MIAMI                                               33168   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    176,000.00                    176,000.00   First Lien                                    -          220,000.00                   44,000.00             220,000.00          227,000.00                   80.00
0000000000         XXXXXXXXXXX                                         00000   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          625,000.00                  125,000.00             625,000.00          639,500.00                   80.00
1103648474         PORTLAND                                            97203   OR                       20070401                20370301    FIXED                  No                                          360                    360                          360                    160,000.00                    160,000.00   First Lien                                    -          160,000.00                           -                      -          200,000.00                   80.00
1103648476         NOVATO                                              94947   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -                      -          760,000.00                   65.79
1103648486         ANAHEIM                                             92808   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    375,000.00                    375,000.00   First Lien                                    -          375,000.00                           -                      -          490,000.00                   76.53
1103648495         XXXXXXXXXX XXXX                                     00000   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    359,000.00                    358,675.46   First Lien                                    -          359,000.00                           -                      -          550,000.00                   65.27
1103648498         CAMERON PARK                                        95682   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    520,000.00                    520,000.00   First Lien                                    -          585,000.00                   65,000.00             650,000.00          650,000.00                   80.00
1103648533         ORANGE                                              92286   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    257,625.00                    257,625.00   First Lien                                    -          326,325.00                   68,700.00             343,500.00          345,000.00                   75.00
1103648551         PROVO                                               84606   UT                       20070301                20370201    ARMS                   No                                          360                    360                          359                    152,600.00                    152,600.00   First Lien                                    -          152,600.00                           -                      -          218,000.00                   70.00
1103648577         ONTARIO                                             91762   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    480,000.00                    480,000.00   First Lien                                    -          540,000.00                   60,000.00             600,000.00          605,000.00                   80.00
1103648585         BLYTHE                                              92225   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    127,500.00                    127,398.04   First Lien                                    -          127,500.00                           -                      -          170,000.00                   75.00
1103648593         DESERT HOT SPRINGS                                  92240   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    285,600.00                    285,600.00   First Lien                                    -          357,000.00                   71,400.00                      -          357,000.00                   80.00
1103648613         PHOENIX                                             85037   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    170,400.00                    170,270.34   First Lien                                    -          170,400.00                           -                      -          213,000.00                   80.00
1103648620         GULFPORT                                            39507   MS                       20070301                20370201    ARMS                   No                                          360                    360                          359                    278,000.00                    278,000.00   First Lien                                    -          278,000.00                           -             309,000.00          430,000.00                   89.97
1103648628         OCALA                                               34474   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    140,000.00                    140,000.00   First Lien                                    -          140,000.00                           -                      -          175,000.00                   80.00
1103648685         CHULA VISTA                                         91915   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    448,500.00                    448,500.00   First Lien                                    -          448,500.00                           -                      -          720,000.00                   62.29
1103648707         BALTIMORE                                           21229   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    100,000.00                    100,000.00   First Lien                                    -          100,000.00                           -                      -          123,000.00                   81.30
1103648735         PARKLAND                                            33076   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    652,000.00                    652,000.00   First Lien                                    -          815,000.00                  163,000.00             815,000.00          870,000.00                   80.00
1103648776         MISSION VIEJO                                       92692   CA                       20070401                20270301    FIXED                  No                                          240                    240                          240                    251,630.00                    251,630.00   First Lien                                    -          251,630.00                           -                      -          750,000.00                   33.55
1103648812         RIALTO                                              92376   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    235,000.00                    234,777.02   First Lien                                    -          235,000.00                           -                      -          400,000.00                   58.75
1103648822         XXXX                                                27511   NC                       20070301                20370201    ARMS                   No                                          360                    360                          359                    280,250.00                    280,250.00   First Lien                                    -          280,250.00                           -             295,000.00          297,000.00                   95.00
1103648825         XX XXXXXXXXX                                        00000   TN                       20070301                20370201    ARMS                   No                                          360                    360                          359                     95,200.00                     95,151.16   First Lien                                    -           95,200.00                           -                      -          119,000.00                   80.00
1103648844         DAVIE                                               33314   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    137,600.00                    137,600.00   First Lien                                    -          172,000.00                   34,400.00             172,000.00          174,000.00                   80.00
1103648845         SAN DIEGO                                           92126   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    241,300.00                    241,300.00   First Lien                                    -          241,300.00                           -                      -          450,000.00                   53.62
1103648850         SANTA XXXX                                          95060   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    450,000.00                    450,000.00   First Lien                                    -          450,000.00                           -                      -          866,000.00                   51.96
1103648862         SAN XXXX                                            95124   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    680,000.00                    680,000.00   First Lien                                    -          680,000.00                           -                      -          850,000.00                   80.00
1103648875         MIAMI                                               33161   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    262,500.00                    262,500.00   First Lien                                    -          315,000.00                   52,500.00             350,000.00          350,000.00                   75.00
1103648884         OPA LOCKA                                           33054   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    150,000.00                    150,000.00   First Lien                                    -          150,000.00                           -                      -          240,000.00                   62.50
1103648916         XXXXXXXXXX                                          00000   XX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    199,500.00                    199,500.00   First Lien                                    -          199,500.00                           -                      -          210,000.00                   95.00
1103648937         DENVER                                              80210   CO                       20070301                20370201    FIXED                  No                                          360                    360                          359                    490,000.00                    490,000.00   First Lien                                    -          490,000.00                           -                      -          920,000.00                   53.26
1103648946         BAKERSFIELD                                         93313   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    261,000.00                    261,000.00   First Lien                                    -          326,250.00                   65,250.00             326,285.00          327,000.00                   79.99
0000000000         LOS ANGELES                                         90024   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                  1,926,000.00                  1,926,000.00   First Lien                                    -        1,926,000.00                           -           3,210,000.00        3,210,000.00                   60.00
1103648960         RIALTO                                              92377   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    344,000.00                    344,000.00   First Lien                                    -          408,500.00                   64,500.00                      -          430,000.00                   80.00
1103648961         FERNLEY                                             89408   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    204,000.00                    204,000.00   First Lien                                    -          204,000.00                           -                      -          255,000.00                   80.00
1103648967         STOCKTON                                            95212   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    396,000.00                    396,000.00   First Lien                                    -          445,500.00                   49,500.00             495,000.00          505,000.00                   80.00
0000000000         RENO                                                89506   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    206,250.00                    206,250.00   First Lien                                    -          247,500.00                   41,250.00                      -          275,000.00                   75.00
1103648978         SAN PABLO                                           94806   CA                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    436,000.00                    435,815.56   First Lien                                    -          495,400.00                   59,400.00                      -          545,000.00                   80.00
0000000000         XXXXX                                               95377   CA                       20070401                20370201    FIXED                  Yes                                         360                    480                          360                    459,000.00                    459,000.00   First Lien                                    -          459,000.00                           -                      -          620,000.00                   74.03
1103648993         WALDORF                                             20602   MD                       20070301                20370201    FIXED                  No                                          360                    360                          359                    290,250.00                    290,250.00   First Lien                                    -          290,250.00                           -                      -          387,000.00                   75.00
0000000000         FOUNTAIN HILLS                                      85268   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    417,000.00                    417,000.00   First Lien                                    -          536,000.00                  119,000.00                      -          596,000.00                   69.97
1103649006         SAN DIEGO                                           92110   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    308,000.00                    308,000.00   First Lien                                    -          385,000.00                   77,000.00             385,000.00          385,000.00                   80.00
1103649017         ARLINGTON                                           22201   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    650,000.00                    650,000.00   First Lien                                    -          650,000.00                           -                      -        1,275,000.00                   50.98
1103649024         UNION CITY                                           7087   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    360,000.00                    359,697.56   First Lien                                    -          450,000.00                   90,000.00             450,000.00          475,000.00                   80.00
1103649033         XXXXXXXX                                            00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    332,000.00                    332,000.00   First Lien                                    -          332,000.00                           -                      -          415,000.00                   80.00
1103649070         FORT XXXXX                                          33908   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    228,100.00                    228,100.00   First Lien                                    -          270,850.00                   42,750.00             285,175.00          287,000.00                   79.99
1103649074         CHICO                                               95928   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    216,000.00                    216,000.00   First Lien                                    -          243,000.00                   27,000.00             270,000.00          270,000.00                   80.00
0000000000         (SUN VALLEY) LOS ANGELES                            91352   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    647,000.00                    647,000.00   First Lien                                    -          647,000.00                           -                      -        1,100,000.00                   58.82
1103649080         RIALTO                                              92376   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    268,000.00                    268,000.00   First Lien                                    -          335,000.00                   67,000.00             335,000.00          335,000.00                   80.00
1103649084         OPA LOCKA                                           33056   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    168,000.00                    168,000.00   First Lien                                    -          168,000.00                           -                      -          280,000.00                   60.00
1103649099         CANYON COUNTRY                                      91387   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    675,000.00                    674,311.81   First Lien                                    -          675,000.00                           -                      -          875,000.00                   77.14
1103649101         VISTA                                               92083   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    288,000.00                    287,677.28   First Lien                                    -          288,000.00                           -                      -          480,000.00                   60.00
1103649102         SAN DIEGO                                           92105   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    384,000.00                    384,000.00   First Lien                                    -          384,000.00                           -                      -          480,000.00                   80.00
1103649109         DANVILLE                                            94506   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    485,000.00                    484,528.61   First Lien                                    -          485,000.00                           -             895,000.00          910,000.00                   54.19
1103649122         SOUTH GATE                                          90280   CA                       20070401                20370201    FIXED                  Yes                                         360                    480                          360                    460,800.00                    460,800.00   First Lien                                    -          460,800.00                           -                      -          576,000.00                   80.00
1103649124         LOS ANGELES                                         90011   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    225,000.00                    225,000.00   First Lien                                    -          225,000.00                           -                      -          325,000.00                   69.23
1103649134         KISSIMMEE                                           34746   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    318,000.00                    318,000.00   First Lien                                    -          318,000.00                           -                      -          455,000.00                   69.89
1103649146         JACKSONVILLE                                        32220   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    225,500.00                    225,500.00   First Lien                                    -          225,500.00                           -             237,395.00          237,395.00                   94.99
1103649149         PASADENA                                            91104   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    321,000.00                    321,000.00   First Lien                                    -          321,000.00                           -                      -          725,000.00                   44.28
1103649156         GAINESVILLE                                         32609   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    105,750.00                    105,750.00   First Lien                                    -          126,900.00                   21,150.00                      -          141,000.00                   75.00
1103649158         NORTH HOLLYWOOD                                     91606   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    336,700.00                    336,700.00   First Lien                                    -          336,700.00                           -                      -          518,000.00                   65.00
1103649162         BUCKEYE                                             85396   AZ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    639,000.00                    639,000.00   First Lien                                    -          724,200.00                   85,200.00                      -          852,000.00                   75.00
1103649166         XXXXXXX XXXXXX                                      00000   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    522,250.00                    522,250.00   First Lien                                    -          622,250.00                  100,000.00                      -          762,000.00                   68.54
1103649173         XXXXXXXXX                                           00000   XX                       20070401                20370301    FIXED                  No                                          360                    360                          360                    113,000.00                    113,000.00   First Lien                                    -          113,000.00                           -                      -          163,000.00                   69.33
1103649198         FREMONT                                             94538   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    409,000.00                    409,000.00   First Lien                                    -          409,000.00                           -                      -          715,000.00                   57.20
1103649227         XXXXXX VALLEY                                       92553   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    290,500.00                    290,500.00   First Lien                                    -          290,500.00                           -                      -          415,000.00                   70.00
1103649235         STOCKTON                                            95210   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    300,000.00                    300,000.00   First Lien                                    -          337,500.00                   37,500.00             375,000.00          375,000.00                   80.00
1103649237         XXXXXXXXX                                           00000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    170,000.00                    169,830.76   First Lien                                    -          170,000.00                           -                      -          295,000.00                   57.63
1103649254         WALNUT                                              91789   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    479,500.00                    479,055.88   First Lien                                    -          479,500.00                           -                      -          685,000.00                   70.00
1103649265         RANCHO CUCAMONGA                                    91737   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    340,000.00                    340,000.00   First Lien                                    -          340,000.00                           -                      -          490,000.00                   69.39
1103649266         SAN DIEGO                                           92123   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    341,250.00                    341,250.00   First Lien                                    -          409,500.00                   68,250.00                      -          455,000.00                   75.00
1103649271         FONTANA                                             92336   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    340,000.00                    340,000.00   First Lien                                    -          340,000.00                           -                      -          545,000.00                   62.39
1103649332         XXXXXXX PINES                                       95726   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    225,000.00                    224,765.09   First Lien                                    -          225,000.00                           -                      -          400,300.00                   56.21
1103649342         XXXX XXXX                                           00000   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    528,000.00                    528,000.00   First Lien                                    -          528,000.00                           -                      -          960,000.00                   55.00
1103649369         MIRA LOMA                                           91752   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          380,000.00                   52.63
0000000000         SAN XXXXXXX                                         94580   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    360,700.00                    360,700.00   First Lien                                    -          360,700.00                           -                      -          555,000.00                   64.99
1103649379         GARDEN GROVE                                        92841   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    450,000.00                    450,000.00   First Lien                                    -          450,000.00                           -                      -          850,000.00                   52.94
0000000000         MIRA LOMA                                           91752   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    576,000.00                    576,000.00   First Lien                                    -          720,000.00                  144,000.00             720,000.00          720,000.00                   80.00
1103649399         XXXXXXXX XXXX                                       00000   IL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    225,000.00                    224,796.60   First Lien                                    -          225,000.00                           -                      -          350,000.00                   64.29
1103649410         SAN DIEGO                                           92126   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    320,000.00                    320,000.00   First Lien                                    -          400,000.00                   80,000.00             400,000.00          400,000.00                   80.00
1103649424         XXXX XXXX                                           00000   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    382,500.00                    382,500.00   First Lien                                    -          382,500.00                           -                      -          425,000.00                   90.00
1103649480         UPLAND                                              91786   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    599,999.00                    599,999.00   First Lien                                    -          749,999.00                  150,000.00             749,999.00          750,000.00                   80.00
1103649484         SANGER                                              93657   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    251,950.00                    251,693.13   First Lien                                    -          335,900.00                   83,950.00             335,953.00          336,000.00                   75.00
1103649515         INGLEWOOD                                           90305   CA                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    350,000.00                    349,830.13   First Lien                                    -          350,000.00                           -                      -          501,000.00                   69.86
0000000000         EL SOBRANTE                                         94803   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    536,000.00                    536,000.00   First Lien                                    -          536,000.00                           -                      -          670,000.00                   80.00
1103649526         XXXXXXX XXXXX                                       00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    548,000.00                    548,000.00   First Lien                                    -          648,000.00                  100,000.00                      -          950,000.00                   57.68
1103649528         LAKEWOOD                                            90712   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    600,000.00                    600,000.00   First Lien                                    -          600,000.00                           -                      -          800,000.00                   75.00
1103649537         IRVINE                                              92620   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    412,500.00                    412,500.00   First Lien                                    -          522,500.00                  110,000.00             550,000.00          550,000.00                   75.00
1103649556         LADERA RANCH                                        92694   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    548,000.00                    548,000.00   First Lien                                    -          685,000.00                  137,000.00             685,000.00          685,000.00                   80.00
1103649572         SAN DIEGO                                           92154   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    416,000.00                    416,000.00   First Lien                                    -          416,000.00                           -                      -          520,000.00                   80.00
1103649573         ONTARIO                                             91764   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    297,000.00                    297,000.00   First Lien                                    -          297,000.00                           -                      -          440,000.00                   67.50
1103649584         HONOLULU                                            96815   HI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    504,000.00                    504,000.00   First Lien                                    -          567,000.00                   63,000.00             630,000.00          645,000.00                   80.00
1103649596         PALMDALE                                            93551   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    280,000.00                    280,000.00   First Lien                                    -          350,000.00                   70,000.00             350,000.00          350,000.00                   80.00
0000000000         BRANSON                                             65616   MO                       20070301                20370201    ARMS                   No                                          360                    360                          359                    101,650.00                    101,607.37   First Lien                                    -          101,650.00                           -             107,000.00          107,000.00                   95.00
1103649639         XXXXXXXXXX                                          00000   AZ                       20070401                20370301    ARMS                   No                                          360                    360                          360                  1,000,000.00                  1,000,000.00   First Lien                                    -        1,211,300.00                  211,300.00           1,345,930.00        1,925,000.00                   74.30
1103649641         VISTA                                               92081   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    748,000.00                    748,000.00   First Lien                                    -          848,000.00                  100,000.00                      -        1,225,000.00                   61.06
1103649684         CORONA                                              92879   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    482,400.00                    482,400.00   First Lien                                    -          603,000.00                  120,600.00             603,000.00          603,000.00                   80.00
1103649706         HAYWARD                                             94542   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    530,000.00                    530,000.00   First Lien                                    -          530,000.00                           -                      -        1,000,000.00                   53.00
1103649708         RANCHO CUCAMONGA                                    91730   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    344,000.00                    344,000.00   First Lien                                    -          430,000.00                   86,000.00             430,000.00          435,000.00                   80.00
0000000000         XXXXX XXX XXXXXXXXX                                 00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    597,000.00                    597,000.00   First Lien                                    -          597,000.00                           -                      -          930,000.00                   64.19
1103649727         RIALTO                                              92377   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    366,800.00                    366,800.00   First Lien                                    -          366,800.00                           -                      -          470,000.00                   78.04
1103649746         CHULA VISTA                                         91911   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    460,000.00                    460,000.00   First Lien                                    -          575,000.00                  115,000.00             590,000.00          575,000.00                   80.00
1103649785         ALHAMBRA                                            91803   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    415,200.00                    415,200.00   First Lien                                    -          519,000.00                  103,800.00             519,000.00          530,000.00                   80.00
1103649796         CHULA VISTA                                         91913   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    640,000.00                    640,000.00   First Lien                                    -          640,000.00                           -             800,000.00          800,000.00                   80.00
1103649797         SAN XXXX CAPISTRANO                                 92675   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          490,000.00                   61.22
1103649811         COVINA                                              91722   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    348,000.00                    348,000.00   First Lien                                    -          435,000.00                   87,000.00             435,000.00          435,000.00                   80.00
1103649812         GARDEN GROVE                                        92841   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    511,000.00                    511,000.00   First Lien                                    -          511,000.00                           -                      -          730,000.00                   70.00
1103649818         WOODLAND HILLS                                      91367   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    809,000.00                    808,135.13   First Lien                                    -          809,000.00                           -                      -        1,100,000.00                   73.55
1103649860         RANCHO CUCAMONGA                                    91701   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    337,000.00                    337,000.00   First Lien                                    -          412,000.00                   75,000.00                      -          660,000.00                   51.06
1103649867         HEMET                                               92544   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    245,000.00                    245,000.00   First Lien                                    -          245,000.00                           -                      -          650,000.00                   37.69
1103649868         YUCAIPA                                             92399   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    308,000.00                    308,000.00   First Lien                                    -          384,000.00                   76,000.00                      -          385,000.00                   80.00
1103649869         ANAHEIM                                             92807   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    606,900.00                    606,900.00   First Lien                                    -          678,300.00                   71,400.00             714,000.00          714,000.00                   85.00
1103649872         XXXXXXX                                             90680   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    577,500.00                    577,500.00   First Lien                                    -          770,000.00                  192,500.00             770,000.00          775,000.00                   75.00
1103649873         XXXXXXXXXXXXXX XXXX XX XX                           00000   CA                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    415,000.00                    414,811.90   First Lien                                    -          415,000.00                           -                      -          575,000.00                   72.17
1103649879         CARMEL BY THE SEA                                   93921   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    420,000.00                    420,000.00   First Lien                                    -          420,000.00                           -                      -        2,000,000.00                   21.00
1103649881         POMONA                                              91766   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    230,000.00                    230,000.00   First Lien                                    -          230,000.00                           -                      -          420,000.00                   54.76
1103649887         RIALTO                                              92376   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    368,000.00                    368,000.00   First Lien                                    -          460,000.00                   92,000.00             460,000.00          460,000.00                   80.00
1103649888         NORTHRIDGE                                          91324   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    366,000.00                    366,000.00   First Lien                                    -          366,000.00                           -                      -          685,000.00                   53.43
1103649899         LOS ANGELES                                         90034   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    483,000.00                    482,507.56   First Lien                                    -          483,000.00                           -                      -        1,380,000.00                   35.00
1103649902         LANCASTER                                           93536   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    384,000.00                    384,000.00   First Lien                                    -          384,000.00                           -                      -          480,000.00                   80.00
1103649909         MODESTO                                             95351   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    262,500.00                    262,500.00   First Lien                                    -          315,000.00                   52,500.00                      -          350,000.00                   75.00
1103649938         DENVER                                              80219   CO                       20070401                20370301    ARMS                   No                                          360                    360                          360                    127,425.00                    127,425.00   First Lien                                    -          161,405.00                   33,980.00             169,900.00          170,000.00                   75.00
1103649967         SAN FRANCISCO                                       94117   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    600,000.00                    600,000.00   First Lien                                    -          600,000.00                           -             999,999.00        1,000,000.00                   60.00
1103649971         XXXX XXXXX XXXXX                                    00000   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    165,200.00                    165,200.00   First Lien                                    -          206,500.00                   41,300.00             206,500.00          230,000.00                   80.00
1103649973         ALAMEDA                                             94501   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    605,000.00                    605,000.00   First Lien                                    -          605,000.00                           -             998,000.00          998,000.00                   60.62
0000000000         DENVER                                              80210   CO                       20070301                20370201    FIXED                  No                                          360                    360                          359                    427,500.00                    427,500.00   First Lien                                    -          427,500.00                           -             475,000.00          475,000.00                   90.00
1103649990         AURORA                                              80010   CO                       20070401                20370301    ARMS                   No                                          360                    360                          360                    116,250.00                    116,250.00   First Lien                                    -          147,250.00                   31,000.00             155,000.00          155,000.00                   75.00
1103650023         FONTANA                                             92337   CA                       20070301                20370301    FIXED                  Yes                                         360                    480                          359                    324,000.00                    323,876.56   First Lien                                    -          324,000.00                           -                      -          406,000.00                   79.80
1103650040         XXXXX XXXX                                          00000   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    150,000.00                    150,000.00   First Lien                                    -          150,000.00                           -                      -          250,000.00                   60.00
1103650046         ESCONDIDO                                           92026   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    309,000.00                    309,000.00   First Lien                                    -          309,000.00                           -                      -          610,000.00                   50.66
1103650048         TACOMA                                              98402   WA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    240,000.00                    239,783.04   First Lien                                    -          260,000.00                   20,000.00                      -          300,000.00                   80.00
1103650049         FULLERTON                                           92833   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    439,200.00                    439,200.00   First Lien                                    -          549,000.00                  109,800.00             549,000.00          549,000.00                   80.00
1103650067         XXXXXXXX                                            00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    317,600.00                    317,600.00   First Lien                                    -          357,300.00                   39,700.00             397,000.00          397,000.00                   80.00
1103650095         XXX XXXXXX                                          00000   NM                       20070301                20370201    FIXED                  No                                          360                    360                          359                    222,500.00                    222,301.77   First Lien                                    -          222,500.00                           -                      -          290,000.00                   76.72
1103650097         UPLAND                                              91784   CA                       20070401                20370201    ARMS                   Yes                                         360                    480                          360                    519,000.00                    519,000.00   First Lien                                    -          519,000.00                           -             648,800.00          648,800.00                   79.99
1103650106         FRESNO                                              93727   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    140,000.00                    140,000.00   First Lien                                    -          140,000.00                           -                      -          237,000.00                   59.07
1103650177         LOS ANGELES                                         90022   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    348,750.00                    348,750.00   First Lien                                    -          348,750.00                           -                      -          465,000.00                   75.00
1103650180         VALLEJO                                             94590   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    232,000.00                    232,000.00   First Lien                                    -          232,000.00                           -                      -          290,000.00                   80.00
1103650187         XXXXXXXXX                                           00000   XX                       20070401                20370301    FIXED                  No                                          360                    360                          360                    209,000.00                    209,000.00   First Lien                                    -          209,000.00                           -             410,000.00          407,000.00                   51.35
1103650202         FAIRFIELD                                           94534   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    257,900.00                    257,900.00   First Lien                                    -          257,900.00                           -                      -          447,000.00                   57.70
1103650206         HIGHLAND                                            92346   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    205,500.00                    205,323.07   First Lien                                    -          205,500.00                           -                      -          295,000.00                   69.66
1103650216         XXXXX XXXXX                                         92886   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    480,000.00                    480,000.00   First Lien                                    -          540,000.00                   60,000.00                      -          600,000.00                   80.00
0000000000         (TEHACHAPI AREA)                                    93561   CA                       20070301                20220201    FIXED                  No                                          180                    180                          179                    150,000.00                    149,467.53   First Lien                                    -          150,000.00                           -                      -          550,000.00                   27.27
1103650236         NEWPORT NEWS                                        23602   VA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    203,000.00                    202,886.19   First Lien                                    -          203,000.00                           -                      -          258,000.00                   78.68
1103650238         SAN DIEGO                                           92117   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    240,000.00                    240,000.00   First Lien                                    -          300,000.00                   60,000.00             300,000.00          300,000.00                   80.00
1103650239         DUARTE                                              91010   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    390,000.00                    390,000.00   First Lien                                    -          390,000.00                           -                      -          625,000.00                   62.40
1103650243         IRVINE                                              92620   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                  1,500,000.00                  1,500,000.00   First Lien                                    -        1,700,000.00                  200,000.00           2,000,000.00        2,000,000.00                   75.00
1103650284         CHINO                                               91710   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    185,000.00                    185,000.00   First Lien                                    -          185,000.00                           -                      -          555,000.00                   33.33
1103650286         XXXXXXXXX RANCH                                     91381   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    489,000.00                    489,000.00   First Lien                                    -          489,000.00                           -             815,000.00          815,000.00                   60.00
1103650297         HAYWARD                                             94541   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    496,000.00                    496,000.00   First Lien                                    -          496,000.00                           -                      -          620,000.00                   80.00
1103650303         ROCKLIN                                             95765   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    452,000.00                    452,000.00   First Lien                                    -          452,000.00                           -             568,000.00          568,000.00                   79.58
1103650350         WHITTIER                                            90603   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    276,200.00                    275,925.04   First Lien                                    -          276,200.00                           -                      -          550,000.00                   50.22
1103650364         TEMECULA                                            92592   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    407,000.00                    407,000.00   First Lien                                    -          407,000.00                           -                      -        1,175,000.00                   34.64
1103650367         LOS ANGELES                                         90027   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    627,750.00                    627,750.00   First Lien                                    -          753,300.00                  125,550.00             837,000.00          850,000.00                   75.00
1103650381         XXXXXXXXX                                           00000   XX                       20070401                20370301    FIXED                  No                                          360                    360                          360                    540,000.00                    540,000.00   First Lien                                    -          540,000.00                           -                      -          675,000.00                   80.00
0000000000         BLACK DIAMOND                                       98010   WA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    475,000.00                    475,000.00   First Lien                                    -          475,000.00                           -                      -          747,000.00                   63.59
0000000000         SAN DIEGO                                           92120   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    193,000.00                    193,000.00   First Lien                                    -          193,000.00                           -                      -          275,000.00                   70.18
1103650435         PALMDALE                                            93550   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    315,000.00                    315,000.00   First Lien                                    -          315,000.00                           -                      -          410,000.00                   76.83
1103650449         XXXXXXXXX                                           33837   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    248,800.00                    248,800.00   First Lien                                    -          248,800.00                           -             355,453.00          356,000.00                   70.00
1103650456         LAUDERHILL                                          33311   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    122,500.00                    122,500.00   First Lien                                    -          122,500.00                           -                      -          175,000.00                   70.00
1103650462         MODESTO                                             95351   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    181,500.00                    181,500.00   First Lien                                    -          181,500.00                           -                      -          330,000.00                   55.00
0000000000         KAILUA                                              96734   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    498,750.00                    498,750.00   First Lien                                    -          498,750.00                           -                      -          665,000.00                   75.00
1103650503         RIVERSIDE                                           92507   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    244,000.00                    244,000.00   First Lien                                    -          244,000.00                           -                      -          311,000.00                   78.46
1103650514         XXXXXXX OAKS                                        91423   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    454,500.00                    454,500.00   First Lien                                    -          454,500.00                           -                      -          800,000.00                   56.81
1103650519         MERRICK                                             11566   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    350,000.00                    350,000.00   First Lien                                    -          350,000.00                           -             446,000.00          499,000.00                   78.48
1103650522         ROMULUS                                             48174   MI                       20070301                20220201    FIXED                  No                                          180                    180                          179                    111,000.00                    110,626.39   First Lien                                    -          111,000.00                           -                      -          195,000.00                   56.92
1103650528         VAN NUYS                                            91405   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    528,000.00                    528,000.00   First Lien                                    -          660,000.00                  132,000.00             660,000.00          660,000.00                   80.00
1103650536         ACWORTH                                             30101   GA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    328,950.00                    328,622.53   First Lien                                    -          328,950.00                           -                      -          425,000.00                   77.40
1103650544         XXXXXXXX XXXXXXX XXXX                               00000   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    344,000.00                    344,000.00   First Lien                                    -          344,000.00                           -             430,000.00          445,000.00                   80.00
1103650557         ESCONDIDO                                           92025   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    257,000.00                    257,000.00   First Lien                                    -          257,000.00                           -                      -          414,000.00                   62.08
1103650570         POMONA                                              91766   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    359,200.00                    359,200.00   First Lien                                    -          449,000.00                   89,800.00             449,000.00          449,000.00                   80.00
1103650588         WHITTIER                                            90601   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    320,000.00                    319,641.42   First Lien                                    -          320,000.00                           -                      -          400,000.00                   80.00
1103650592         CARLSBAD                                            92009   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    495,000.00                    495,000.00   First Lien                                    -          495,000.00                           -                      -        1,050,000.00                   47.14
1103650600         PERRIS                                              92571   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    320,000.00                    320,000.00   First Lien                                    -          320,000.00                           -                      -          400,000.00                   80.00
1103650607         FULLERTON                                           92833   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          800,000.00                   25.00
1103650613         SAN JACINTO                                         92582   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    279,352.00                    279,352.00   First Lien                                    -          349,190.00                   69,838.00             349,190.00          351,000.00                   80.00
1103650619         SANTA CLARITA                                       91355   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    255,950.00                    255,689.05   First Lien                                    -          255,950.00                           -             319,999.00          340,000.00                   79.98
1103650626         XXXXXXXXX                                           00000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    315,000.00                    314,728.79   First Lien                                    -          315,000.00                           -                      -          990,000.00                   31.82
1103650627         LOS ANGELES                                         91335   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    385,000.00                    384,249.69   First Lien                                    -          385,000.00                           -                      -          560,000.00                   68.75
1103650628         SAN FRANCISCO                                       94134   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    532,000.00                    531,011.90   First Lien                                    -          532,000.00                           -                      -          725,000.00                   73.38
1103650629         EUREKA                                              95503   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    160,000.00                    159,858.83   First Lien                                    -          180,000.00                   20,000.00             200,000.00          200,000.00                   80.00
0000000000         PASADENA                                            91103   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    336,000.00                    335,688.79   First Lien                                    -          443,472.00                  107,472.00                      -          480,000.00                   70.00
1103650631         ALAMEDA                                             94502   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    446,250.00                    446,250.00   First Lien                                    -          560,193.00                  113,943.00                      -          595,000.00                   75.00
1103650632         SAN FRANCISCO                                       94116   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    489,000.00                    488,557.93   First Lien                                    -          489,000.00                           -                      -          785,000.00                   62.29
1103650633         PACIFICA                                            94044   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    490,000.00                    488,998.39   First Lien                                    -          490,000.00                           -                      -          685,000.00                   71.53
1103650634         RIVERSIDE                                           92506   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    400,000.00                    400,000.00   First Lien                                    -          400,000.00                           -                      -          575,000.00                   69.57
1103650662         LOS ANGELES                                         90048   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    610,000.00                    610,000.00   First Lien                                    -          610,000.00                           -                      -        1,450,000.00                   42.07
1103650706         TORRANCE                                            90502   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    444,000.00                    444,000.00   First Lien                                    -          444,000.00                           -                      -          555,000.00                   80.00
1103650712         DANVILLE                                            94506   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    470,000.00                    470,000.00   First Lien                                    -          470,000.00                           -                      -        1,000,000.00                   47.00
1103650724         ROXBURY                                              7850   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    189,000.00                    188,911.82   First Lien                                    -          189,000.00                           -             210,000.00          220,000.00                   90.00
1103650733         NORTH HIGHLANDS                                     95660   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    200,000.00                    199,819.19   First Lien                                    -          200,000.00                           -                      -          250,000.00                   80.00
1103650738         MIAMI                                               33127   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    130,000.00                    130,000.00   First Lien                                    -          130,000.00                           -                      -          180,000.00                   72.22
1103650752         LAS VEGAS                                           89102   NV                       20070301                20370201    FIXED                  No                                          360                    360                          359                    199,500.00                    199,353.71   First Lien                                    -          199,500.00                           -                      -          285,000.00                   70.00
1103650755         NEWARK                                              94560   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    400,000.00                    400,000.00   First Lien                                    -          400,000.00                           -                      -          580,000.00                   68.97
0000000000         TULARE                                              93274   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    111,000.00                    111,000.00   First Lien                                    -          111,000.00                           -                      -          190,000.00                   58.42
0000000000         OXNARD                                              93030   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    441,000.00                    441,000.00   First Lien                                    -          524,500.00                   83,500.00                      -          630,000.00                   70.00
1103650842         XXXXXX VALLEY                                       92557   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    317,600.00                    317,600.00   First Lien                                    -          397,000.00                   79,400.00             397,000.00          420,000.00                   80.00
1103650855         ESCONDIDO                                           92027   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    375,000.00                    375,000.00   First Lien                                    -          375,000.00                           -                      -          500,000.00                   75.00
1103650863         KISSIMMEE                                           34741   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    117,000.00                    117,000.00   First Lien                                    -          117,000.00                           -                      -          195,000.00                   60.00
1103650869         VALLEJO                                             94589   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    220,000.00                    220,000.00   First Lien                                    -          220,000.00                           -                      -          510,000.00                   43.14
1103650882         SAN XXXX                                            95121   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    750,000.00                    750,000.00   First Lien                                    -          750,000.00                           -           1,225,000.00        1,225,000.00                   61.22
1103650889         XXXXXX                                              00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    417,000.00                    417,000.00   First Lien                                    -          476,470.00                   59,470.00                      -          530,000.00                   78.68
1103650902         XXXXXX XXXX XX  XX                                  00000   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    478,400.00                    478,400.00   First Lien                                    -          598,000.00                  119,600.00             598,000.00          600,000.00                   80.00
0000000000         BURLINGAME                                          94010   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    946,000.00                    946,000.00   First Lien                                    -          946,000.00                           -                      -        2,100,000.00                   45.05
1103650916         LA JOLLA                                            92037   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    647,500.00                    647,500.00   First Lien                                    -          647,500.00                           -                      -          925,000.00                   70.00
1103650917         LAKE ELSINORE                                       92532   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    367,200.00                    367,200.00   First Lien                                    -          459,000.00                   91,800.00             459,000.00          480,000.00                   80.00
1103650921         XXXXX XXXX                                          00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    245,000.00                    245,000.00   First Lien                                    -          245,000.00                           -                      -          465,000.00                   52.69
1103650922         SAN CLEMENTE                                        92672   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    416,800.00                    416,800.00   First Lien                                    -          416,800.00                           -             521,000.00          525,000.00                   80.00
1103650933         STATEN ISLAND                                       10303   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    416,000.00                    416,000.00   First Lien                                    -          416,000.00                           -                      -          520,000.00                   80.00
1103650935         FONTANA                                             92335   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    142,000.00                    142,000.00   First Lien                                    -          142,000.00                           -                      -          410,000.00                   34.63
1103650943         GREENACRES                                          33463   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    215,000.00                    215,000.00   First Lien                                    -          215,000.00                           -                      -          260,000.00                   82.69
1103650944         PENSACOLA                                           32507   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    366,600.00                    366,600.00   First Lien                                    -          366,600.00                           -             488,900.00          488,900.00                   74.98
0000000000         LA JOLLA                                            92037   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    248,500.00                    248,500.00   First Lien                                    -          248,500.00                           -                      -          915,000.00                   27.16
1103650965         TAMPA                                               33610   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    120,000.00                    120,000.00   First Lien                                    -          120,000.00                           -                      -          171,000.00                   70.18
1103650995         LA HABRA                                            90631   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    290,400.00                    290,400.00   First Lien                                    -          344,800.00                   54,400.00             363,000.00          363,000.00                   80.00
1103650998         RIALTO                                              92376   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    274,000.00                    274,000.00   First Lien                                    -          342,500.00                   68,500.00             342,500.00          343,000.00                   80.00
1103651009         SAN XXXX                                            95133   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    323,400.00                    323,400.00   First Lien                                    -          323,400.00                           -                      -          462,000.00                   70.00
1103651015         ANAHEIM                                             92801   CA                       20070301                20220201    FIXED                  No                                          180                    180                          179                    135,000.00                    134,560.02   First Lien                                    -          135,000.00                           -                      -          577,000.00                   23.40
1103651031         LAKE FOREST                                         92630   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    236,000.00                    236,000.00   First Lien                                    -          236,000.00                           -                      -          295,000.00                   80.00
1103651035         CHICO                                               95973   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    220,000.00                    220,000.00   First Lien                                    -          247,500.00                   27,500.00             275,000.00          275,000.00                   80.00
1103651050         LEXINGTON                                           29073   SC                       20070301                20370201    ARMS                   No                                          360                    360                          359                     73,500.00                     73,500.00   First Lien                                    -           73,500.00                           -                      -           98,000.00                   75.00
1103651065         CANYON LAKE                                         92587   CA                       20070401                20370201    ARMS                   Yes                                         360                    480                          360                    500,000.00                    500,000.00   First Lien                                    -          625,000.00                  125,000.00             625,000.00          625,500.00                   80.00
1103651066         GALLOWAY                                             8205   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    100,000.00                     99,942.46   First Lien                                    -          100,000.00                           -                      -          125,000.00                   80.00
1103651079         GOODYEAR                                            85338   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    120,400.00                    120,400.00   First Lien                                    -          120,400.00                           -                      -          234,000.00                   51.45
1103651093         CORONA                                              92883   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    600,000.00                    599,373.56   First Lien                                    -          600,000.00                           -                      -          865,000.00                   69.36
1103651104         CUMMING                                             30041   GA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    694,000.00                    694,000.00   First Lien                                    -          694,000.00                           -                      -          890,000.00                   77.98
1103651105         LONG BEACH                                          90805   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    247,000.00                    247,000.00   First Lien                                    -          247,000.00                           -                      -          450,000.00                   54.89
1103651107         TUCSON                                              85716   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    135,750.00                    135,750.00   First Lien                                    -          171,950.00                   36,200.00                      -          181,000.00                   75.00
1103651114         XXXX XXXX XXXX                                      00000   UT                       20070401                20370301    ARMS                   No                                          360                    360                          360                    140,700.00                    140,700.00   First Lien                                    -          167,050.00                   26,350.00             175,875.00          195,500.00                   80.00
1103651159         BEL AIR                                             21014   MD                       20070301                20370201    ARMS                   No                                          360                    360                          359                    147,000.00                    147,000.00   First Lien                                    -          189,000.00                   42,000.00             210,000.00          320,000.00                   70.00
1103651169         MINNEAPOLIS                                         55417   MN                       20070301                20370201    FIXED                  No                                          360                    360                          359                    164,400.00                    164,400.00   First Lien                                    -          164,400.00                           -             205,500.00          205,500.00                   80.00
1103651175         LOS ANGELES                                         90059   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    230,000.00                    230,000.00   First Lien                                    -          230,000.00                           -                      -          385,000.00                   59.74
0000000000         HAMPDEN                                              4444   ME                       20070301                20370201    FIXED                  No                                          360                    360                          359                    330,500.00                    330,170.99   First Lien                                    -          330,500.00                           -                      -          484,000.00                   68.29
1103651228         SAN DIEGO                                           92118   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    663,000.00                    663,000.00   First Lien                                    -          663,000.00                           -                      -        1,250,000.00                   53.04
1103651231         XXXXXXXXX XXXXXXX                                   00000   CO                       20070301                20370201    ARMS                   No                                          360                    360                          359                    329,600.00                    329,373.17   First Lien                                    -          329,600.00                           -             412,000.00          415,000.00                   80.00
1103651233         FRESNO                                              93722   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    211,200.00                    211,200.00   First Lien                                    -          211,200.00                           -                      -          264,000.00                   80.00
1103651234         LOS ANGELES                                         90011   CA                       20070301                20370301    FIXED                  Yes                                         360                    480                          359                    264,000.00                    263,899.42   First Lien                                    -          264,000.00                           -                      -          600,000.00                   44.00
1103651241         XXXXXXX HEIGHTS                                     91748   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    378,750.00                    378,750.00   First Lien                                    -          378,750.00                           -                      -          505,476.00                   74.93
1103651255         LOS ALTOS                                           94024   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    650,000.00                    650,000.00   First Lien                                    -          650,000.00                           -                      -        1,900,000.00                   34.21
0000000000         JULIAN                                              92036   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    236,000.00                    236,000.00   First Lien                                    -          236,000.00                           -                      -          385,000.00                   61.30
1103651269         BROOKLYN                                            11234   NY                       20070401                20370301    FIXED                  No                                          360                    360                          360                    247,500.00                    247,500.00   First Lien                                    -          247,500.00                           -                      -          450,000.00                   55.00
1103651270         IMPERIAL                                            92251   CA                       20070301                20370301    FIXED                  Yes                                         360                    480                          359                    270,000.00                    269,913.84   First Lien                                    -          270,000.00                           -                      -          360,000.00                   75.00
1103651295         UPLAND                                              91786   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    255,000.00                    255,000.00   First Lien                                    -          255,000.00                           -                      -          380,000.00                   67.11
1103651312         LAKEWOOD                                            90713   CA                       20070301                20370301    FIXED                  Yes                                         360                    480                          359                    274,000.00                    273,871.47   First Lien                                    -          274,000.00                           -                      -          680,000.00                   40.29
1103651316         BRAWLEY                                             92227   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    160,000.00                    160,000.00   First Lien                                    -          160,000.00                           -                      -          200,000.00                   80.00
1103651317         LANCASTER                                           93536   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    376,000.00                    376,000.00   First Lien                                    -          376,000.00                           -                      -          470,000.00                   80.00
1103651335         ONTARIO                                             91764   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    219,900.00                    219,900.00   First Lien                                    -          219,900.00                           -             299,900.00          315,000.00                   73.32
1103651346         XXXXXX VALLEY                                       92553   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    244,000.00                    244,000.00   First Lien                                    -          305,000.00                   61,000.00             305,000.00          305,000.00                   80.00
1103651347         BRAWLEY                                             92227   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    180,000.00                    180,000.00   First Lien                                    -          180,000.00                           -                      -          240,000.00                   75.00
1103651348         LOS ANGELES                                         90003   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    247,000.00                    247,000.00   First Lien                                    -          247,000.00                           -                      -          555,000.00                   44.50
0000000000         COSTA MESA                                          92626   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    540,000.00                    540,000.00   First Lien                                    -          540,000.00                           -                      -          675,000.00                   80.00
1103651354         LITTLETON                                           80127   CO                       20070401                20370301    FIXED                  No                                          360                    360                          360                    175,000.00                    175,000.00   First Lien                                    -          175,000.00                           -                      -          273,000.00                   64.10
1103651365         RIPON                                               95366   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    390,500.00                    390,500.00   First Lien                                    -          390,500.00                           -                      -          545,000.00                   71.65
1103651389         CERRITOS                                            90703   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    317,000.00                    317,000.00   First Lien                                    -          317,000.00                           -                      -          798,000.00                   39.72
1103651390         LOS ANGELES                                         90018   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    270,000.00                    270,000.00   First Lien                                    -          270,000.00                           -                      -          516,000.00                   52.33
1103651429         SAN DIEGO                                           92114   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    417,000.00                    417,000.00   First Lien                                    -          525,000.00                  108,000.00                      -          525,000.00                   79.43
1103651432         GARDEN GROVE                                        92845   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    487,050.00                    487,050.00   First Lien                                    -          487,050.00                           -                      -          615,000.00                   79.20
1103651466         REDLANDS                                            92374   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    780,000.00                    780,000.00   First Lien                                    -        1,140,000.00                  360,000.00           1,200,000.00        1,200,000.00                   65.00
1103651481         RANCHO CUCAMONGA                                    91730   CA                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    147,700.00                    147,700.00   First Lien                                    -          147,700.00                           -                      -          371,000.00                   39.81
0000000000         MURRIETA                                            92562   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    600,000.00                    600,000.00   First Lien                                    -          600,000.00                           -                      -        1,400,000.00                   42.86
1103651490         ONTARIO                                             91761   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    140,000.00                    139,873.43   First Lien                                    -          140,000.00                           -                      -          460,000.00                   30.43
1103651522         FRESNO                                              93730   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    303,960.00                    303,960.00   First Lien                                    -          303,960.00                           -             379,950.00          380,000.00                   80.00
1103651535         BUENA PARK                                          90620   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    480,000.00                    480,000.00   First Lien                                    -          480,000.00                           -                      -          600,000.00                   80.00
1103651541         MEDFORD                                             97504   OR                       20070401                20370301    ARMS                   No                                          360                    360                          360                    147,500.00                    147,500.00   First Lien                                    -          147,500.00                           -                      -          250,000.00                   59.00
1103651556         LOS ANGELES (WEST HILLS A                           91307   CA                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    428,000.00                    428,000.00   First Lien                                    -          428,000.00                           -                      -          580,000.00                   73.79
0000000000         PALMDALE                                            93550   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    271,200.00                    271,200.00   First Lien                                    -          339,000.00                   67,800.00             339,000.00          350,000.00                   80.00
1103651565         DIAMOND BAR                                         91765   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    437,000.00                    437,000.00   First Lien                                    -          437,000.00                           -                      -          750,000.00                   58.27
1103651573         CORONA                                              92880   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    345,000.00                    345,000.00   First Lien                                    -          345,000.00                           -                      -          510,000.00                   67.65
1103651574         PHELAN AREA                                         92371   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    360,000.00                    360,000.00   First Lien                                    -          360,000.00                           -                      -          500,000.00                   72.00
1103651583         XXXXXX VALLEY                                       92551   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    360,000.00                    360,000.00   First Lien                                    -          360,000.00                           -                      -          400,000.00                   90.00
1103651589         XXXXXXXXXX XXXX                                     00000   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    292,500.00                    292,500.00   First Lien                                    -          292,500.00                           -                      -          450,000.00                   65.00
1103651613         BAKERSFIELD                                         93307   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          250,000.00                   80.00
1103651637         CHINO                                               91710   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    444,000.00                    444,000.00   First Lien                                    -          444,000.00                           -                      -          558,000.00                   79.57
1103651640         LAKEWOOD                                            90712   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          547,000.00                   54.84
1103651651         GROVELAND                                           95321   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    265,000.00                    265,000.00   First Lien                                    -          265,000.00                           -                      -          333,000.00                   79.58
1103651662         YUMA                                                85367   AZ                       20070401                20370301    FIXED                  No                                          360                    360                          360                    144,000.00                    144,000.00   First Lien                                    -          144,000.00                           -                      -          235,000.00                   61.28
1103651663         MAGNA                                               84044   UT                       20070301                20370201    FIXED                  No                                          360                    360                          359                    134,500.00                    134,387.00   First Lien                                    -          134,500.00                           -                      -          173,000.00                   77.75
1103651664         BRUSH PRAIRIE                                       98606   WA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    487,500.00                    487,500.00   First Lien                                    -          487,500.00                           -                      -          675,000.00                   72.22
1103651665         XXXXXXXXX                                           18446   PA                       20070201                20270101    FIXED                  No                                          240                    240                          238                    108,000.00                    107,577.82   First Lien                                    -          135,000.00                   27,000.00                      -          135,000.00                   80.00
1103651666         COLUMBUS                                            43206   OH                       20070201                20370101    FIXED                  No                                          360                    360                          358                     88,000.00                     87,855.30   First Lien                                    -           88,000.00                           -                      -          121,000.00                   72.73
1103651667         GROVEPORT                                           43125   OH                       20070101                20361201    FIXED                  No                                          360                    360                          357                    180,000.00                    179,532.45   First Lien                                    -          180,000.00                           -                      -          225,000.00                   80.00
1103651668         DALLAS                                              30157   GA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    156,720.00                    156,585.07   First Lien                                    -          156,720.00                           -             195,900.00          196,000.00                   80.00
1103651669         XXXX XXXXXX                                         12845   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                     63,000.00                     62,949.62   First Lien                                    -           63,000.00                           -                      -          525,000.00                   12.00
1103651670         GRAND RAPIDS                                        49508   MI                       20070301                20370201    FIXED                  No                                          360                    360                          359                    128,640.00                    128,640.00   First Lien                                    -          160,800.00                   32,160.00             160,800.00          185,000.00                   80.00
1103651671         FANWOOD                                              7023   NJ                       20070201                20370101    FIXED                  No                                          360                    360                          358                    215,500.00                    215,127.87   First Lien                                    -          215,500.00                           -                      -          380,000.00                   56.71
1103651672         XXXXX                                               23072   VA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    144,000.00                    143,881.96   First Lien                                    -          144,000.00                           -                      -          181,000.00                   79.56
1103651673         TAMPA                                               33617   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    120,000.00                    119,896.68   First Lien                                    -          120,000.00                           -                      -          182,000.00                   65.93
1103651674         PASADENA                                            91103   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    378,800.00                    377,658.28   First Lien                                    -          378,800.00                           -                      -          520,000.00                   72.85
1103651676         FONTANA AREA                                        92335   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    108,000.00                    108,000.00   First Lien                                    -          108,000.00                           -                      -          335,000.00                   32.24
1103651677         RICHMOND                                             4357   ME                       20070301                20370201    FIXED                  No                                          360                    360                          359                     95,900.00                     95,900.00   First Lien                                    -           95,900.00                           -                      -          137,000.00                   70.00
1103651678         PALM COAST                                          32164   FL                       20061101                20211001    FIXED                  No                                          180                    180                          175                     59,750.00                     58,755.08   First Lien                                    -           59,750.00                           -                      -          158,000.00                   37.82
0000000000         XXXX XXXXX                                          00000   TX                       20070201                20370101    FIXED                  No                                          360                    360                          358                    104,800.00                    104,610.01   First Lien                                    -          131,000.00                   26,200.00             131,065.00          131,000.00                   80.00
1103651680         BOCA RATON                                          33428   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    104,800.00                    104,610.01   First Lien                                    -          104,800.00                           -                      -          262,000.00                   40.00
1103651681         PAWLEYS ISLAND                                      29585   SC                       20070301                20370201    FIXED                  No                                          360                    360                          359                    135,000.00                    134,886.58   First Lien                                    -          135,000.00                           -                      -          400,000.00                   33.75
1103651717         CHINO                                               91710   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    239,000.00                    239,000.00   First Lien                                    -          239,000.00                           -                      -          365,000.00                   65.48
1103651723         HYATTSVILLE                                         20785   MD                       20070301                20370201    ARMS                   No                                          360                    360                          359                    280,000.00                    280,000.00   First Lien                                    -          380,000.00                  100,000.00             400,000.00          400,000.00                   70.00
1103651732         DOVER                                                3820   NH                       20070401                20370301    ARMS                   No                                          360                    360                          360                    344,000.00                    344,000.00   First Lien                                    -          344,000.00                           -                      -          430,000.00                   80.00
1103651736         SANTA XXX                                           92705   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    269,500.00                    269,500.00   First Lien                                    -          385,000.00                  115,500.00             385,000.00          385,000.00                   70.00
1103651749         BEAUMONT                                            77706   TX                       20070401                20220301    FIXED                  No                                          180                    180                          180                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -             300,000.00          308,000.00                   66.67
0000000000         GULF SHORES                                         36542   AL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    241,500.00                    241,500.00   First Lien                                    -          327,700.00                   86,200.00             345,000.00          485,000.00                   70.00
1103651761         XXXXX                                               95376   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    234,000.00                    234,000.00   First Lien                                    -          234,000.00                           -                      -          395,000.00                   59.24
1103651763         ONTARIO                                             91761   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    275,000.00                    275,000.00   First Lien                                    -          275,000.00                           -                      -          405,000.00                   67.90
1103651765         PHOENIX                                             85085   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    692,250.00                    692,250.00   First Lien                                    -          692,250.00                           -                      -        1,250,000.00                   55.38
0000000000         LOS ANGELES                                         90016   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    504,000.00                    504,000.00   First Lien                                    -          559,500.00                   55,500.00                      -          630,000.00                   80.00
1103651781         LAS VEGAS                                           89148   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    435,200.00                    435,200.00   First Lien                                    -          435,200.00                           -             544,000.00          544,000.00                   80.00
1103651790         DENVER                                              80209   CO                       20070401                20370301    ARMS                   No                                          360                    360                          360                    405,000.00                    405,000.00   First Lien                                    -          405,000.00                           -                      -          600,000.00                   67.50
1103651797         ORANGE                                              92867   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    272,800.00                    272,800.00   First Lien                                    -          341,000.00                   68,200.00             341,000.00          365,000.00                   80.00
1103651822         SAN DIEGO                                           92130   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    565,000.00                    565,000.00   First Lien                                    -          565,000.00                           -                      -          902,000.00                   62.64
1103651832         TUCSON                                              85739   AZ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    552,200.00                    552,200.00   First Lien                                    -          552,200.00                           -           1,164,015.00          950,000.00                   58.13
0000000000         ROYAL PALM BEACH                                    33411   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    137,700.00                    137,700.00   First Lien                                    -          137,700.00                           -             153,000.00          208,000.00                   90.00
1103651898         TAMPA                                               33637   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    132,504.00                    132,504.00   First Lien                                    -          132,504.00                           -             165,630.00          166,000.00                   80.00
0000000000         XXXXXX                                              91902   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    465,000.00                    465,000.00   First Lien                                    -          465,000.00                           -                      -          680,000.00                   68.38
1103651905         MANCHESTER TWP                                       8753   NJ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    108,000.00                    108,000.00   First Lien                                    -          108,000.00                           -             120,000.00          125,000.00                   90.00
1103651909         SANTA XXXXX                                         93455   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    311,250.00                    311,250.00   First Lien                                    -          394,250.00                   83,000.00                      -          415,000.00                   75.00
1103651923         SAN DIEGO                                           92111   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    340,000.00                    340,000.00   First Lien                                    -          425,000.00                   85,000.00             425,000.00          425,000.00                   80.00
1103651931         NORFOLK                                             23523   VA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    167,200.00                    167,200.00   First Lien                                    -          209,000.00                   41,800.00             209,000.00          213,000.00                   80.00
1103651932         IRVINGTON                                            7111   NJ                       20070101                20361201    ARMS                   Yes                                         360                    480                          357                    304,000.00                    303,696.49   First Lien                                    -          380,000.00                   76,000.00             380,000.00          380,000.00                   80.00
1103651934         FAIRVIEW                                             7022   NJ                       20070101                20361201    ARMS                   Yes                                         360                    480                          357                    356,000.00                    355,657.04   First Lien                                    -          422,750.00                   66,750.00             445,000.00          445,000.00                   80.00
0000000000         PATERSON                                             7501   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    296,000.00                    296,000.00   First Lien                                    -          370,000.00                   74,000.00             370,000.00          370,000.00                   80.00
1103651937         NORTH BERGEN                                         7047   NJ                       20070201                20370101    ARMS                   Yes                                         360                    480                          358                    240,000.00                    239,816.60   First Lien                                    -          300,000.00                   60,000.00             300,000.00          300,000.00                   80.00
1103651939         EAST ORANGE                                          7017   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    252,000.00                    252,000.00   First Lien                                    -          315,000.00                   63,000.00             315,000.00          315,000.00                   80.00
1103651941         NORTH BERGEN                                         7047   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    536,000.00                    536,000.00   First Lien                                    -          670,000.00                  134,000.00             670,000.00          670,000.00                   80.00
1103651942         PASSAIC                                              7055   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    388,000.00                    387,108.83   First Lien                                    -          436,500.00                   48,500.00                      -          485,000.00                   80.00
0000000000         LIVINGSTON                                           7039   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    338,000.00                    338,000.00   First Lien                                    -          468,000.00                  130,000.00             520,000.00          533,000.00                   65.00
1103651944         XXXXXXX                                             23831   VA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    128,000.00                    128,000.00   First Lien                                    -          160,000.00                   32,000.00                      -          160,000.00                   80.00
1103651945         CHESAPEAKE                                          23324   VA                       20070101                20361201    ARMS                   Yes                                         360                    480                          357                     96,850.00                     96,717.62   First Lien                                    -          126,650.00                   29,800.00                      -          149,000.00                   65.00
0000000000         XXXXX XXXXX XXX XXXXX XXX                           00000   FL                       20070101                20361201    ARMS                   No                                          360                    360                          357                    144,800.00                    144,800.00   First Lien                                    -          181,000.00                   36,200.00             181,000.00          185,000.00                   80.00
1103651951         ALEXANDRIA                                          22312   VA                       20070101                20361201    ARMS                   Yes                                         360                    480                          357                    563,500.00                    562,937.44   First Lien                                    -          724,500.00                  161,000.00             805,000.00          810,000.00                   70.00
1103651952         XXXXX XXXXXX                                        00000   NY                       20070101                20361201    ARMS                   Yes                                         360                    480                          357                    362,700.00                    362,237.19   First Lien                                    -          446,400.00                   83,700.00                      -          670,000.00                   54.13
1103651954         REVERE                                               2151   MA                       20070101                20361201    ARMS                   Yes                                         360                    480                          357                    266,400.00                    266,082.86   First Lien                                    -          333,000.00                   66,600.00             333,000.00          335,000.00                   80.00
1103651955         NEWARK                                               7112   NJ                       20070101                20361201    ARMS                   Yes                                         360                    480                          357                    273,750.00                    273,585.93   First Lien                                    -          328,500.00                   54,750.00             365,000.00          390,000.00                   75.00
1103651956         NEWARK                                               7106   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    253,500.00                    253,500.00   First Lien                                    -          351,000.00                   97,500.00                      -          390,000.00                   65.00
1103651957         REVERE                                               2151   MA                       20070201                20361201    ARMS                   Yes                                         360                    480                          358                    484,000.00                    483,629.10   First Lien                                    -          605,000.00                  121,000.00             605,000.00          605,000.00                   80.00
1103651958         EDISON                                               8817   NJ                       20070101                20370101    ARMS                   Yes                                         360                    480                          357                    220,000.00                    219,719.25   First Lien                                    -          220,000.00                           -                      -          330,000.00                   66.67
1103651959         NEWARK                                               7106   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    367,500.00                    366,448.45   First Lien                                    -          472,493.00                  104,993.00                      -          530,000.00                   69.34
1103651960         DANBURY                                              6810   CT                       20070101                20361201    ARMS                   No                                          360                    360                          357                    207,200.00                    206,687.50   First Lien                                    -          259,000.00                   51,800.00             259,000.00          259,000.00                   80.00
1103651961         PORTSMOUTH                                          23704   VA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    292,500.00                    292,500.00   First Lien                                    -          331,500.00                   39,000.00                      -          390,000.00                   75.00
1103651963         CLIFTON                                              7012   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    324,000.00                    324,000.00   First Lien                                    -          405,000.00                   81,000.00             405,000.00          420,000.00                   80.00
1103651964         XXXXX XXXXXX                                        00000   NY                       20070101                20361201    ARMS                   No                                          360                    360                          357                    350,000.00                    350,000.00   First Lien                                    -          350,000.00                           -                      -          720,000.00                   48.61
1103651965         DANBURY                                              6811   CT                       20070101                20361201    ARMS                   Yes                                         360                    480                          357                    288,800.00                    288,583.94   First Lien                                    -          342,950.00                   54,150.00                      -          361,000.00                   80.00
1103651966         PROVIDENCE                                           2908   RI                       20070101                20361201    ARMS                   No                                          360                    360                          357                    284,000.00                    283,543.13   First Lien                                    -          355,000.00                   71,000.00             355,000.00          380,000.00                   80.00
0000000000         NEWARK                                               7107   NJ                       20070201                20361201    ARMS                   Yes                                         360                    480                          358                    399,640.00                    399,433.99   First Lien                                    -          499,550.00                   99,910.00             499,550.00          500,000.00                   80.00
1103651969         RIVERDALE                                           20737   MD                       20070101                20370101    ARMS                   Yes                                         360                    480                          357                    252,000.00                    251,655.50   First Lien                                    -          299,250.00                   47,250.00                      -          315,000.00                   80.00
1103651970         PROVIDENCE                                           2907   RI                       20070101                20361201    ARMS                   Yes                                         360                    480                          357                    301,600.00                    301,444.39   First Lien                                    -          377,000.00                   75,400.00             377,000.00          377,000.00                   80.00
1103651971         COVENTRY                                             2816   RI                       20070201                20370101    ARMS                   No                                          360                    360                          358                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          255,000.00                   78.43
1103651972         CENTRAL ISLIP                                       11722   NY                       20070201                20370101    ARMS                   No                                          360                    360                          358                    289,224.00                    289,224.00   First Lien                                    -          361,530.00                   72,306.00             361,530.00          375,000.00                   80.00
1103651973         WAHINGTON                                            7882   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    204,750.00                    204,750.00   First Lien                                    -          283,500.00                   78,750.00                      -          333,000.00                   61.49
1103651974         WOODHAVEN                                           11421   NY                       20070201                20370101    ARMS                   No                                          360                    360                          358                    425,000.00                    425,000.00   First Lien                                    -          425,000.00                           -                      -          760,000.00                   55.92
1103651975         XXXX XXXXXXXXXX                                     00000   MD                       20070101                20361201    ARMS                   No                                          360                    360                          357                    304,000.00                    304,000.00   First Lien                                    -          380,000.00                   76,000.00             380,000.00          381,000.00                   80.00
0000000000         BROOKLYN                                            11208   NY                       20070201                20370101    ARMS                   No                                          360                    360                          358                    516,000.00                    516,000.00   First Lien                                    -          645,000.00                  129,000.00             645,000.00          645,000.00                   80.00
1103651977         XXXXXXXX XXXX                                       00000   NY                       20070201                20370101    ARMS                   Yes                                         360                    480                          358                    592,000.00                    591,647.23   First Lien                                    -          740,000.00                  148,000.00             740,000.00          740,000.00                   80.00
1103651978         DENVER                                              80221   CO                       20070101                20361201    ARMS                   No                                          360                    360                          357                     74,320.00                     74,131.60   First Lien                                    -           92,900.00                   18,580.00              92,900.00           95,000.00                   80.00
1103651979         XXX XXXXX XXX XXXX XX XXX                           00000   XX                       20070101                20361201    ARMS                   No                                          360                    360                          357                    350,000.00                    350,000.00   First Lien                                    -          350,000.00                           -                      -          470,000.00                   74.47
1103651980         PLAINFIELD                                           7060   NJ                       20070201                20361201    ARMS                   Yes                                         360                    480                          358                    243,320.00                    243,164.22   First Lien                                    -          304,150.00                   60,830.00             304,150.00          310,000.00                   80.00
1103651981         MONROE                                               8831   NJ                       20070101                20370101    ARMS                   Yes                                         360                    480                          357                    636,000.00                    635,242.86   First Lien                                    -          715,500.00                   79,500.00                      -          795,000.00                   80.00
1103651982         XXXXXXXX XXXXXXX                                    00000   CO                       20070101                20361201    ARMS                   No                                          360                    360                          357                    148,800.00                    148,800.00   First Lien                                    -          176,700.00                   27,900.00                      -          186,000.00                   80.00
1103651983         BRIDGEPORT                                           6608   CT                       20070101                20361201    ARMS                   Yes                                         360                    480                          357                    248,000.00                    247,734.23   First Lien                                    -          310,000.00                   62,000.00             310,000.00          310,000.00                   80.00
1103651986         JERSEY CITY                                          7307   NJ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    255,000.00                    255,000.00   First Lien                                    -          255,000.00                           -                      -          440,000.00                   57.95
1103651987         CLERMONT                                            34711   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    390,850.00                    390,207.40   First Lien                                    -          464,134.00                   73,284.00             488,563.00          525,000.00                   80.00
1103651988         PATERSON                                             7501   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    266,500.00                    266,500.00   First Lien                                    -          307,500.00                   41,000.00                      -          410,000.00                   65.00
1103651989         BROOKLYN                                            11209   NY                       20070201                20361201    ARMS                   Yes                                         360                    480                          358                    320,000.00                    319,841.00   First Lien                                    -          400,000.00                   80,000.00             400,000.00          425,000.00                   80.00
1103651990         NORTH PORT                                          34288   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    183,750.00                    183,750.00   First Lien                                    -          232,750.00                   49,000.00             245,000.00          245,000.00                   75.00
1103651991         LEHIGH ACRES                                        33971   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    165,000.00                    165,000.00   First Lien                                    -          198,000.00                   33,000.00             220,000.00          220,000.00                   75.00
0000000000         PORTSMOUTH                                          23703   VA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    227,040.00                    227,040.00   First Lien                                    -          283,800.00                   56,760.00             283,800.00          283,800.00                   80.00
1103651993         XXXXXXXX                                            85232   AZ                       20070201                20370101    ARMS                   Yes                                         360                    480                          358                    128,000.00                    127,887.60   First Lien                                    -          160,000.00                   32,000.00                      -          160,000.00                   80.00
1103651994         RICHMOND                                            23233   VA                       20070201                20370101    ARMS                   Yes                                         360                    480                          358                    182,200.00                    182,040.00   First Lien                                    -          217,191.00                   34,991.00                      -          243,500.00                   74.83
1103651995         ATTLEBORO                                            2703   MA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    340,000.00                    340,000.00   First Lien                                    -          419,985.00                   79,985.00                      -          425,000.00                   80.00
1103651996         SAINT ALBANS                                        11412   NY                       20070201                20370101    ARMS                   No                                          360                    360                          358                    374,400.00                    374,400.00   First Lien                                    -          468,000.00                   93,600.00             468,000.00          470,000.00                   80.00
1103652000         YUCAIPA                                             92399   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    362,000.00                    362,000.00   First Lien                                    -          362,000.00                           -                      -          580,000.00                   62.41
1103652002         WEST FREINDSHIP                                     21794   MD                       20061201                20361101    FIXED                  No                                          360                    360                          356                  1,050,000.00                  1,050,000.00   First Lien                                    -        1,330,000.00                  280,000.00           1,400,000.00        1,400,000.00                   75.00
1103652003         LINCOLN                                              2865   RI                       20061201                20361101    FIXED                  No                                          360                    360                          356                    318,400.00                    317,320.79   First Lien                                    -          398,000.00                   79,600.00                      -          398,000.00                   80.00
1103652004         HIGHTSTOWN                                           8520   NJ                       20070201                20370101    FIXED                  No                                          360                    360                          358                    403,760.00                    403,188.22   First Lien                                    -          547,960.00                  144,200.00             576,800.00          585,000.00                   70.00
1103652005         XXXXXXXX                                            00000   XX                       20070101                20361201    FIXED                  No                                          360                    360                          357                    109,600.00                    109,366.42   First Lien                                    -          109,600.00                           -                      -          137,000.00                   80.00
1103652006         PORTSMOUTH                                          23703   VA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    168,000.00                    167,716.91   First Lien                                    -          210,000.00                   42,000.00             210,000.00          214,900.00                   80.00
1103652007         HARTFORD                                             6114   CT                       20070101                20361201    FIXED                  No                                          360                    360                          357                    186,550.00                    186,121.55   First Lien                                    -          243,950.00                   57,400.00                      -          287,000.00                   65.00
0000000000         BROOKLYN                                            11209   NY                       20070101                20361201    FIXED                  No                                          360                    360                          357                    540,000.00                    538,790.19   First Lien                                    -          648,000.00                  108,000.00                      -          720,000.00                   75.00
1103652009         PASSAIC                                              7055   NJ                       20070101                20361201    FIXED                  No                                          360                    360                          357                    124,850.00                    124,525.72   First Lien                                    -          124,850.00                           -             227,000.00          230,000.00                   55.00
1103652010         MERIDEN                                              6450   CT                       20070201                20370101    FIXED                  No                                          360                    360                          358                    132,275.00                    132,057.51   First Lien                                    -          183,150.00                   50,875.00             203,500.00          210,000.00                   65.00
1103652011         EAST HANOVER                                         7936   NJ                       20070101                20370101    FIXED                  Yes                                         360                    480                          357                    600,000.00                    599,401.01   First Lien                                    -          750,000.00                  150,000.00                      -          750,000.00                   80.00
1103652012         BROOKLYN                                            11215   NY                       20070201                20361201    FIXED                  Yes                                         360                    480                          358                    644,000.00                    643,472.28   First Lien                                    -          644,000.00                           -                      -        1,025,000.00                   62.83
1103652013         EGG HARBOR TOWNSHIP                                  8234   NJ                       20070201                20370101    FIXED                  Yes                                         360                    480                          358                    392,000.00                    391,689.78   First Lien                                    -          465,500.00                   73,500.00                      -          490,000.00                   80.00
1103652014         HILLSBOROUGH                                         8844   NJ                       20070201                20370101    FIXED                  No                                          360                    360                          358                    379,200.00                    379,200.00   First Lien                                    -          474,000.00                   94,800.00             474,000.00          479,000.00                   80.00
1103652015         HOBOKEN                                              7030   NJ                       20070201                20370101    FIXED                  No                                          360                    360                          358                    258,400.00                    257,884.20   First Lien                                    -          323,000.00                   64,600.00                      -          323,000.00                   80.00
1103652019         SAN DIEGO                                           92114   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    348,000.00                    348,000.00   First Lien                                    -          435,000.00                   87,000.00                      -          435,000.00                   80.00
1103652038         XXXXXX XXXXX XXXXXXXXX                              00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    375,000.00                    375,000.00   First Lien                                    -          375,000.00                           -                      -          700,000.00                   53.57
1103652039         SAN XXXX                                            95125   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    495,000.00                    495,000.00   First Lien                                    -          495,000.00                           -                      -          800,000.00                   61.88
1103652051         COSTA MESA                                          92626   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    445,000.00                    445,000.00   First Lien                                    -          445,000.00                           -                      -          787,000.00                   56.54
1103652064         SAN DIEGO                                           92114   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    361,000.00                    360,665.64   First Lien                                    -          361,000.00                           -                      -          516,000.00                   69.96
1103652072         RANCHO MIRAGE                                       92270   CA                       20070401                20220301    FIXED                  No                                          180                    180                          180                    568,000.00                    568,000.00   First Lien                                    -          568,000.00                           -                      -          950,000.00                   59.79
1103652094         ONTARIO                                             91761   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    425,000.00                    425,000.00   First Lien                                    -          425,000.00                           -                      -          534,000.00                   79.59
1103652137         NORWALK                                             90650   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    252,000.00                    252,000.00   First Lien                                    -          252,000.00                           -                      -          390,000.00                   64.62
1103652145         FOUNTAIN VALLEY                                     92708   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    687,900.00                    687,900.00   First Lien                                    -          816,850.00                  128,950.00             859,900.00          865,000.00                   80.00
1103652148         SPRING VALLEY                                       91977   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    412,000.00                    412,000.00   First Lien                                    -          515,000.00                  103,000.00             515,000.00          540,000.00                   80.00
1103652152         MINNEAPOLIS                                         55407   MN                       20070401                20370301    ARMS                   No                                          360                    360                          360                    141,750.00                    141,750.00   First Lien                                    -          179,550.00                   37,800.00             189,000.00          200,000.00                   75.00
1103652188         PERRIS                                              92571   CA                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    198,000.00                    198,000.00   First Lien                                    -          198,000.00                           -                      -          415,000.00                   47.71
1103652203         SYLMAR                                              91342   CA                       20070401                20220301    FIXED                  No                                          180                    180                          180                    393,750.00                    393,750.00   First Lien                                    -          393,750.00                           -                      -          525,000.00                   75.00
0000000000         LAS VEGAS                                           89131   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    532,000.00                    532,000.00   First Lien                                    -          681,000.00                  149,000.00                      -          760,000.00                   70.00
1103652243         GARDEN GROVE                                        92843   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    600,000.00                    600,000.00   First Lien                                    -          600,000.00                           -                      -          750,000.00                   80.00
1103652245         FONTANA                                             92337   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    336,000.00                    336,000.00   First Lien                                    -          336,000.00                           -                      -          420,000.00                   80.00
1103652246         PORTLAND                                            97215   OR                       20070401                20370301    ARMS                   No                                          360                    360                          360                    149,400.00                    149,400.00   First Lien                                    -          149,400.00                           -                      -          270,000.00                   55.33
1103652278         PENSACOLA                                           32507   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    319,800.00                    319,800.00   First Lien                                    -          319,800.00                           -             456,900.00          610,000.00                   69.99
1103652290         DENVER                                              80219   CO                       20070401                20370301    ARMS                   No                                          360                    360                          360                    114,000.00                    114,000.00   First Lien                                    -          144,400.00                   30,400.00             152,000.00          152,000.00                   75.00
1103652292         XXXXXXXXXX                                          00000   XX                       20070401                20370301    FIXED                  No                                          360                    360                          360                    156,000.00                    156,000.00   First Lien                                    -          156,000.00                           -                      -          240,000.00                   65.00
1103652308         LONG BEACH                                          90813   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    451,000.00                    451,000.00   First Lien                                    -          451,000.00                           -                      -          885,000.00                   50.96
1103652314         OXNARD                                              93030   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    620,000.00                    620,000.00   First Lien                                    -          620,000.00                           -                      -          775,000.00                   80.00
1103652320         EL TORO                                             92630   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    543,750.00                    543,750.00   First Lien                                    -          543,750.00                           -                      -          725,000.00                   75.00
1103652324         ORANGE                                              92865   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    455,200.00                    455,200.00   First Lien                                    -          569,000.00                  113,800.00             569,000.00          575,000.00                   80.00
1103652340         VICTORVILLE                                         92392   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    175,000.00                    175,000.00   First Lien                                    -          237,500.00                   62,500.00             250,000.00          250,000.00                   70.00
1103652366         RIVERSIDE                                           92504   CA                       20070401                20220301    FIXED                  No                                          180                    180                          180                    175,000.00                    175,000.00   First Lien                                    -          175,000.00                           -                      -          350,000.00                   50.00
1103652369         RIVERSIDE                                           92506   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    212,000.00                    212,000.00   First Lien                                    -          212,000.00                           -                      -          400,000.00                   53.00
1103652385         XXXXX HILLS                                         92372   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    260,000.00                    260,000.00   First Lien                                    -          308,750.00                   48,750.00             325,000.00          335,000.00                   80.00
1103652406         INDIO                                               92201   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    320,000.00                    320,000.00   First Lien                                    -          320,000.00                           -             400,000.00          415,000.00                   80.00
1103652410         LOS ANGELES                                         90018   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    418,500.00                    418,500.00   First Lien                                    -          418,500.00                           -                      -          574,000.00                   72.91
1103652434         XX XXXXXXXXX XXXX                                   00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    320,000.00                    320,000.00   First Lien                                    -          320,000.00                           -             428,000.00          428,000.00                   74.77
1103652500         PASO XXXXXX                                         93446   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    339,500.00                    339,500.00   First Lien                                    -          436,500.00                   97,000.00                      -          485,000.00                   70.00
1103652506         LAKE FOREST                                         92630   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    496,000.00                    496,000.00   First Lien                                    -          525,000.00                   29,000.00                      -          620,000.00                   80.00
1103652509         PORT XXXXXX                                         34668   FL                       20070401                20220301    FIXED                  No                                          180                    180                          180                    105,000.00                    105,000.00   First Lien                                    -          105,000.00                           -                      -          155,000.00                   67.74
1103652595         LOS ANGELES                                         90004   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    749,000.00                    749,000.00   First Lien                                    -          939,000.00                  190,000.00             950,000.00          950,000.00                   78.84
1103652604         XXXX XXXXX                                          00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    230,650.00                    230,650.00   First Lien                                    -          280,050.00                   49,400.00                      -          329,500.00                   70.00
1103652642         TEMPE                                               85282   AZ                       20070401                20370301    FIXED                  No                                          360                    360                          360                    244,000.00                    244,000.00   First Lien                                    -          274,500.00                   30,500.00                      -          305,000.00                   80.00
1103652655         CALEXICO                                            92231   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    188,500.00                    188,325.42   First Lien                                    -          188,500.00                           -                      -          315,000.00                   59.84
1103652665         XXXXXX                                              91010   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    461,600.00                    461,600.00   First Lien                                    -          461,600.00                           -                      -          577,000.00                   80.00
1103652674         BIG BEAR LAKE                                       92315   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    560,000.00                    560,000.00   First Lien                                    -          560,000.00                           -                      -        1,272,000.00                   44.03
1103652679         SAINT LOUIS                                         63117   MO                       20070401                20370301    FIXED                  No                                          360                    360                          360                    128,000.00                    128,000.00   First Lien                                    -          128,000.00                           -                      -          160,000.00                   80.00
1103652683         HESPERIA                                            92345   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          375,000.00                   80.00
1103652694         COLTON                                              92324   CA                       20070401                20220301    FIXED                  No                                          180                    180                          180                    109,000.00                    109,000.00   First Lien                                    -          109,000.00                           -                      -          330,000.00                   33.03
1103652703         IMPERIAL                                            92251   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    319,200.00                    319,200.00   First Lien                                    -          399,000.00                   79,800.00             399,000.00          399,000.00                   80.00
1103652722         BREA                                                92821   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    400,000.00                    400,000.00   First Lien                                    -          500,000.00                  100,000.00             500,000.00          523,000.00                   80.00
1103652730         LONG BEACH                                          90803   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -                      -          945,000.00                   52.91
1103652731         LOS ANGELES                                         90066   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    459,000.00                    459,000.00   First Lien                                    -          459,000.00                           -                      -          745,000.00                   61.61
1103652749         PHOENIX                                             85051   AZ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    164,000.00                    164,000.00   First Lien                                    -          205,000.00                   41,000.00                      -          205,000.00                   80.00
1103652754         LOS ANGELES                                         90002   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    487,500.00                    487,500.00   First Lien                                    -          650,000.00                  162,500.00             650,000.00          650,000.00                   75.00
1103652755         XXXXXXX OAKS                                        91403   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    450,000.00                    450,000.00   First Lien                                    -          450,000.00                           -             951,000.00          955,000.00                   47.32
1103652771         LOS ANGELES                                         90042   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    505,000.00                    505,000.00   First Lien                                    -          505,000.00                           -                      -          700,000.00                   72.14
1103652777         GRANADA HILLS                                       91344   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    457,500.00                    457,500.00   First Lien                                    -          457,500.00                           -                      -          754,000.00                   60.68
1103652797         SHREWSBURY                                           1545   MA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    487,500.00                    487,500.00   First Lien                                    -          554,970.00                   67,470.00                      -          650,000.00                   75.00
0000000000         PRINCETON                                            8540   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    340,000.00                    339,199.50   First Lien                                    -          340,000.00                           -             460,000.00          485,000.00                   73.91
1103652801         DENVER                                              80210   CO                       20070101                20361201    ARMS                   No                                          360                    360                          357                    703,200.00                    701,187.80   First Lien                                    -          791,100.00                   87,900.00             879,000.00          879,000.00                   80.00
1103652802         XXXXXXXX XXXX                                       00000   MD                       20070101                20361201    ARMS                   No                                          360                    360                          357                  1,418,000.00                  1,413,943.00   First Lien                                    -        1,418,000.00                           -                      -        2,350,000.00                   60.34
1103652803         PERTH AMBOY                                          8861   NJ                       20070101                20361201    ARMS                   No                                          360                    360                          357                    212,000.00                    211,559.40   First Lien                                    -          265,000.00                   53,000.00             265,000.00          265,000.00                   80.00
1103652804         NEW BRUNSWICK                                        8901   NJ                       20061201                20361101    ARMS                   No                                          360                    360                          356                    224,000.00                    223,377.30   First Lien                                    -          280,000.00                   56,000.00             280,000.00          284,000.00                   80.00
1103652805         BOWIE                                               20720   MD                       20070101                20361201    ARMS                   No                                          360                    360                          357                    412,720.00                    412,720.00   First Lien                                    -          515,900.00                  103,180.00             515,900.00          615,000.00                   80.00
1103652806         XXXXXXXX                                            95008   CA                       20070101                20361201    ARMS                   No                                          360                    360                          357                    600,000.00                    600,000.00   First Lien                                    -          600,000.00                           -                      -          790,000.00                   75.95
1103652808         OXNARD                                              93036   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          650,000.00                   46.15
1103652819         XXXXXXXXXX                                          95608   CA                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    332,000.00                    332,000.00   First Lien                                    -          332,000.00                           -                      -          395,000.00                   84.05
1103652822         SANTA NELLA                                         95322   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    258,000.00                    258,000.00   First Lien                                    -          288,000.00                   30,000.00                      -          380,000.00                   67.89
1103652843         XXXXXXX                                              7630   NJ                       20070401                20370301    FIXED                  No                                          360                    360                          360                    516,000.00                    516,000.00   First Lien                                    -          516,000.00                           -             645,000.00          645,000.00                   80.00
1103652863         TEMECULA                                            92592   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    337,500.00                    337,500.00   First Lien                                    -          337,500.00                           -                      -          450,000.00                   75.00
1103652884         DIAMOND BAR                                         91765   CA                       20060401                20360301    FIXED                  No                                          360                    360                          348                    480,000.00                    474,506.40   First Lien                                    -          480,000.00                           -                      -          602,000.00                   79.73
1103652895         VICTORVILLE                                         92395   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    184,000.00                    184,000.00   First Lien                                    -          218,500.00                   34,500.00             230,000.00          260,000.00                   80.00
1103652904         XXXXXX                                              00000   XX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    231,000.00                    231,000.00   First Lien                                    -          330,000.00                   99,000.00             330,000.00          345,000.00                   70.00
1103652912         HEMET                                               92543   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    154,400.00                    154,400.00   First Lien                                    -          193,000.00                   38,600.00             193,000.00          200,000.00                   80.00
1103652921         PORTLAND                                            97213   OR                       20070401                20370301    ARMS                   No                                          360                    360                          360                    417,000.00                    417,000.00   First Lien                                    -          536,750.00                  119,750.00             565,000.00          570,000.00                   73.81
1103652928         DIAMOND BAR                                         91765   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    440,000.00                    440,000.00   First Lien                                    -          440,000.00                           -                      -          550,000.00                   80.00
1103652937         LAHAINA                                             96761   HI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    416,000.00                    416,000.00   First Lien                                    -          416,000.00                           -             520,000.00          540,000.00                   80.00
1103652945         SANTA XXX                                           92701   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    208,000.00                    208,000.00   First Lien                                    -          260,000.00                   52,000.00             260,000.00          260,000.00                   80.00
1103652951         CHULA VISTA                                         91915   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    605,000.00                    605,000.00   First Lien                                    -          605,000.00                           -                      -          892,000.00                   67.83
1103652962         FONTANA                                             92335   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          400,000.00                   75.00
1103652985         SAN XXXXXXX                                         91776   CA                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          855,000.00                   23.39
1103653019         XXXXXXXXXX                                          00000   AZ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    610,000.00                    610,000.00   First Lien                                    -          610,000.00                           -                      -        1,450,000.00                   42.07
1103653023         TEMECULA                                            92592   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    275,000.00                    275,000.00   First Lien                                    -          275,000.00                           -             375,000.00          375,000.00                   73.33
1103653028         XXXXXXX                                             00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    189,600.00                    189,600.00   First Lien                                    -          237,000.00                   47,400.00             237,000.00          237,000.00                   80.00
1103653053         IRVINGTON                                            7111   NJ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    150,000.00                    150,000.00   First Lien                                    -          150,000.00                           -                      -          350,000.00                   42.86
1103653072         XXXXXXX                                             93905   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    326,400.00                    326,400.00   First Lien                                    -          408,000.00                   81,600.00             408,000.00          490,000.00                   80.00
1103653111         XXXXXX XXXXX XXXXXXXXX                              00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    408,000.00                    408,000.00   First Lien                                    -          510,000.00                  102,000.00             510,000.00          525,000.00                   80.00
1103653144         XXXXXX VALLEY                                       92553   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    166,000.00                    166,000.00   First Lien                                    -          166,000.00                           -                      -          310,000.00                   53.55
1103653153         SANGER                                              93657   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    112,000.00                    111,901.18   First Lien                                    -          112,000.00                           -                      -          225,000.00                   49.78
0000000000         GULFPORT                                            39507   MS                       20070401                20370301    ARMS                   No                                          360                    360                          360                    151,900.00                    151,900.00   First Lien                                    -          151,900.00                           -             189,900.00          190,000.00                   79.99
1103653236         OXNARD                                              93033   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    435,000.00                    435,000.00   First Lien                                    -          435,000.00                           -                      -          580,000.00                   75.00
1103653243         XXXXX                                               84070   UT                       20070401                20370301    ARMS                   No                                          360                    360                          360                    231,350.00                    231,350.00   First Lien                                    -          277,600.00                   46,250.00             308,473.00          315,000.00                   75.00
1103653264         MIAMI                                               33142   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    184,000.00                    184,000.00   First Lien                                    -          184,000.00                           -                      -          250,000.00                   73.60
1103653267         DIAMOND BAR                                         91765   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    274,000.00                    274,000.00   First Lien                                    -          274,000.00                           -                      -          540,000.00                   50.74
1103653275         HENDERSON                                           89015   NV                       20070401                20370301    FIXED                  No                                          360                    360                          360                    202,000.00                    202,000.00   First Lien                                    -          202,000.00                           -                      -          299,000.00                   67.56
1103653312         ALISO VIEJO                                         92656   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    434,350.00                    434,350.00   First Lien                                    -          558,450.00                  124,100.00             620,500.00          698,000.00                   70.00
1103653320         WEEKI WACHEE                                        34607   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    105,000.00                    105,000.00   First Lien                                    -          105,000.00                           -                      -          250,000.00                   42.00
1103653349         LOS ANGELES                                         90011   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    448,000.00                    448,000.00   First Lien                                    -          448,000.00                           -                      -          650,000.00                   68.92
1103653400         RIVERSIDE                                           92505   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    472,000.00                    472,000.00   First Lien                                    -          472,000.00                           -                      -          600,000.00                   78.67
1103653405         MONTEBELLO                                          90640   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    432,000.00                    432,000.00   First Lien                                    -          540,000.00                  108,000.00             540,000.00          540,000.00                   80.00
1103653438         XXXXXX                                              00000   XX                       20070401                20370301    FIXED                  No                                          360                    360                          360                    215,000.00                    215,000.00   First Lien                                    -          215,000.00                           -                      -          400,000.00                   53.75
0000000000         TAMPA                                               33609   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    120,000.00                    120,000.00   First Lien                                    -          120,000.00                           -                      -          232,000.00                   51.72
1103653473         FONTANA                                             92336   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    215,000.00                    215,000.00   First Lien                                    -          215,000.00                           -                      -          405,000.00                   53.09
1103653482         LOS ANGELES                                         90043   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    277,000.00                    277,000.00   First Lien                                    -          277,000.00                           -                      -          498,000.00                   55.62
1103653589         WOODDALE                                            60194   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    103,000.00                    103,000.00   First Lien                                    -          103,000.00                           -                      -          225,000.00                   45.78
1103653623         XXXXX XXXX                                          00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    432,800.00                    432,800.00   First Lien                                    -          541,000.00                  108,200.00             541,017.00          550,000.00                   80.00
1103653627         MIAMI                                               33032   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    125,992.00                    125,992.00   First Lien                                    -          159,590.00                   33,598.00             167,990.00          234,000.00                   75.00
1103653685         XXXXXXX                                             00000   XX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    175,000.00                    175,000.00   First Lien                                    -          175,000.00                           -                      -          250,000.00                   70.00
1103653687         ELK GROVE                                           95757   CA                       20070401                20220301    FIXED                  No                                          180                    180                          180                    211,000.00                    211,000.00   First Lien                                    -          211,000.00                           -                      -          395,000.00                   53.42
1103653699         XXXXX                                               00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    181,200.00                    181,200.00   First Lien                                    -          226,500.00                   45,300.00             226,500.00          250,000.00                   80.00
1103653701         LA VERNE                                            91750   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    445,600.00                    445,600.00   First Lien                                    -          557,000.00                  111,400.00             557,000.00          590,000.00                   80.00
1103653723         XXXXXXXX                                            85248   AZ                       20070401                20370301    FIXED                  No                                          360                    360                          360                    273,000.00                    273,000.00   First Lien                                    -          273,000.00                           -                      -          405,000.00                   67.41
1103653761         SAHUARITA                                           85629   AZ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    211,500.00                    211,500.00   First Lien                                    -          267,900.00                   56,400.00                      -          282,000.00                   75.00
1103653763         OXNARD                                              93030   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    255,000.00                    255,000.00   First Lien                                    -          255,000.00                           -                      -          562,000.00                   45.37
1103653767         FEDERAL WAY                                         98003   WA                       20070401                20370301    ARMS                   Yes                                         360                    480                          360                    220,000.00                    220,000.00   First Lien                                    -          220,000.00                           -                      -          275,000.00                   80.00
1103653780         DUARTE                                              91010   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    376,000.00                    376,000.00   First Lien                                    -          423,000.00                   47,000.00             470,000.00          470,000.00                   80.00
1103653781         XXXXX XXXX                                          00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    251,500.00                    251,500.00   First Lien                                    -          251,500.00                           -                      -          280,000.00                   89.82
1103653800         PORT HUENEME                                        93041   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          400,000.00                   50.00
1103653835         LA HABRA                                            90631   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    415,800.00                    415,800.00   First Lien                                    -          519,800.00                  104,000.00             519,800.00          519,800.00                   79.99
1103653838         WHITE HOUSE                                         37188   TN                       20070401                20370301    FIXED                  No                                          360                    360                          360                    106,400.00                    106,400.00   First Lien                                    -          106,400.00                           -                      -          133,000.00                   80.00
1103653862         (GRANADA HILLS AREA)                                91344   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    718,000.00                    718,000.00   First Lien                                    -          718,000.00                           -                      -          900,000.00                   79.78
1103653885         CAPITOLA                                            95010   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    600,000.00                    600,000.00   First Lien                                    -          715,000.00                  115,000.00                      -          857,500.00                   69.97
1103653918         SANTA XXX                                           92705   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    532,000.00                    532,000.00   First Lien                                    -          665,000.00                  133,000.00             665,000.00          665,000.00                   80.00
1103653922         LAKESIDE                                            92040   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    345,000.00                    345,000.00   First Lien                                    -          345,000.00                           -                      -          545,000.00                   63.30
0000000000         (XXXXXXXXXX XXXX) LOS ANG                           90744   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    385,000.00                    385,000.00   Xxxxx Xxxx                                    -          000,000.00                           -                      -          000,000.00                   00.00
0000000000         (XXXXXXXX XXXX) LOS ANGEL                           90501   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    390,000.00                    390,000.00   First Lien                                    -          390,000.00                           -                      -          595,000.00                   65.55
1103653973         XXXXXX VALLEY                                       92555   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    288,000.00                    288,000.00   First Lien                                    -          360,000.00                   72,000.00             360,000.00          363,000.00                   80.00
1103654080         LAS VEGAS                                           89143   NV                       20070401                20370301    FIXED                  No                                          360                    360                          360                    236,000.00                    236,000.00   First Lien                                    -          236,000.00                           -                      -          295,000.00                   80.00
1103654214         SANGER                                              93657   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    170,000.00                    170,000.00   First Lien                                    -          170,000.00                           -                      -          215,000.00                   79.07
1103654310         MIAMI                                               33147   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    121,800.00                    121,800.00   First Lien                                    -          121,800.00                           -                      -          174,000.00                   70.00
1103654312         TUSTIN                                              92782   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    715,000.00                    715,000.00   First Lien                                    -          880,000.00                  165,000.00                      -        1,100,000.00                   65.00
1103654313         XXXXXXX                                             95948   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    180,000.00                    180,000.00   First Lien                                    -          213,750.00                   33,750.00             225,000.00          225,000.00                   80.00
1103654323         HENDERSON                                           89052   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    352,000.00                    352,000.00   First Lien                                    -          352,000.00                           -             580,000.00          580,000.00                   60.69
1103654326         ABERDEEN                                            98520   WA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    164,500.00                    164,500.00   First Lien                                    -          164,500.00                           -                      -          235,000.00                   70.00
1103654345         ANAHEIM                                             92807   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    460,000.00                    460,000.00   First Lien                                    -          460,000.00                           -             575,000.00          575,000.00                   80.00
1103654521         MIAMI                                               33161   FL                       20060401                20360301    ARMS                   No                                          360                    360                          348                    151,500.00                    149,806.60   First Lien                                    -          151,500.00                           -                      -          305,000.00                   49.67
1103654589         LAKESIDE                                            92040   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    275,000.00                    275,000.00   First Lien                                    -          275,000.00                           -                      -          690,000.00                   39.86
0000000000         MIAMI                                               33147   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    117,600.00                    117,600.00   First Lien                                    -          117,600.00                           -                      -          168,000.00                   70.00
1103654592         MONTARA AREA                                        94037   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    475,000.00                    475,000.00   First Lien                                    -          475,000.00                           -                      -          745,000.00                   63.76
1103654619         CARLSBAD                                            92009   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    270,000.00                    270,000.00   First Lien                                    -          270,000.00                           -                      -          534,000.00                   50.56
1103654645         XXXXXXXXXX XXXX                                     00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    484,000.00                    484,000.00   First Lien                                    -          484,000.00                           -                      -          605,000.00                   80.00
1103654689         XXXX XXXXXXX                                        00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    230,000.00                    230,000.00   First Lien                                    -          230,000.00                           -                      -          290,000.00                   79.31
1103654695         PASO XXXXXX                                         93446   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    525,000.00                    524,525.39   First Lien                                    -          525,000.00                           -                      -          940,000.00                   55.85
1103654704         STOCKTON                                            95205   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    196,000.00                    196,000.00   First Lien                                    -          196,000.00                           -                      -          245,000.00                   80.00
1103654717         CAYUCOS                                             93430   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    370,000.00                    370,000.00   First Lien                                    -          370,000.00                           -                      -          725,000.00                   51.03
1103654719         ORANGE PARK                                         32065   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    103,250.00                    103,250.00   First Lien                                    -          140,100.00                   36,850.00             147,500.00          147,500.00                   70.00
1103654732         MIAMI                                               33193   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    109,500.00                    109,500.00   First Lien                                    -          109,500.00                           -                      -          395,000.00                   27.72
1103654748         PACIFICA                                            94044   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    573,750.00                    573,192.35   First Lien                                    -          573,750.00                           -                      -          765,000.00                   75.00
1103654786         XXXXXX VALLEY                                       92557   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    280,080.00                    280,080.00   First Lien                                    -          280,080.00                           -             350,100.00          415,000.00                   80.00
0000000000         LOS ANGELES                                         90063   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    335,000.00                    334,674.40   First Lien                                    -          335,000.00                           -                      -          620,000.00                   54.03
1103654819         MURRIETA                                            92563   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    198,000.00                    198,000.00   First Lien                                    -          198,000.00                           -                      -          435,000.00                   45.52
1103654821         FOUNTAIN VALLEY                                     92708   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    340,000.00                    340,000.00   First Lien                                    -          340,000.00                           -             799,000.00          799,000.00                   42.55
1103654826         XXXX XXXXXXXXXX                                     00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    309,520.00                    309,520.00   First Lien                                    -          309,520.00                           -             386,900.00          390,000.00                   80.00
1103654974         SANTA XXX                                           92706   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    431,000.00                    431,000.00   First Lien                                    -          431,000.00                           -                      -          820,000.00                   52.56
1103655077         AGOURA HILLS                                        91301   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    150,000.00                    150,000.00   First Lien                                    -          150,000.00                           -                      -          315,000.00                   47.62
1103655088         AGOURA HILLS                                        91301   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    150,000.00                    150,000.00   First Lien                                    -          150,000.00                           -                      -          315,000.00                   47.62
1103655101         AGOURA HILLS                                        91301   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    150,000.00                    150,000.00   First Lien                                    -          150,000.00                           -                      -          330,000.00                   45.45
1103655114         HIGHLAND                                            92346   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    255,000.00                    255,000.00   First Lien                                    -          255,000.00                           -                      -          336,000.00                   75.89
1103655185         SAN XXXX                                            95133   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    628,000.00                    628,000.00   First Lien                                    -          785,000.00                  157,000.00             785,000.00          785,000.00                   80.00
1103655186         SARATOGA                                            95070   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                  1,300,000.00                  1,300,000.00   First Lien                                    -        1,300,000.00                           -                      -        3,370,000.00                   38.58
0000000000         XXXXX XXXXXXXXXX                                    00000   FL                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    240,000.00                    240,000.00   First Lien                                    -          240,000.00                           -                      -          320,000.00                   75.00
1103655534         GLENDALE                                            91206   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    476,000.00                    476,000.00   First Lien                                    -          476,000.00                           -                      -          815,000.00                   58.40
1103655547         AZUSA                                               91702   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    228,000.00                    228,000.00   First Lien                                    -          228,000.00                           -                      -          285,000.00                   80.00
1103655557         TUJUNGA                                             91042   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          593,750.00                   93,750.00             625,000.00          675,000.00                   80.00
0000000000         PICO XXXXXX                                         90660   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    385,000.00                    385,000.00   First Lien                                    -          385,000.00                           -                      -          530,000.00                   72.64
1103655596         TEMPE                                               85281   AZ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    424,000.00                    424,000.00   First Lien                                    -          530,000.00                  106,000.00             530,000.00          530,000.00                   80.00
1103655606         LATHROP                                             95330   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    396,800.00                    396,800.00   First Lien                                    -          471,200.00                   74,400.00             496,000.00          496,000.00                   80.00
1103655607         XXXXXXXX                                            00000   XX                       20070401                20370301    FIXED                  No                                          360                    360                          360                    260,000.00                    260,000.00   First Lien                                    -          260,000.00                           -                      -          480,000.00                   54.17
1103655652         VENICE                                              90293   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    895,000.00                    895,000.00   First Lien                                    -          895,000.00                           -                      -        1,235,000.00                   72.47
1103655823         LAKE WALES                                          33898   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                     94,500.00                     94,500.00   First Lien                                    -           94,500.00                           -             105,000.00          105,000.00                   90.00
0000000000         APPLE VALLEY                                        92307   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    440,000.00                    440,000.00   First Lien                                    -          550,000.00                  110,000.00             550,000.00          550,000.00                   80.00
1103656123         CORAM                                               11727   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    220,500.00                    220,500.00   First Lien                                    -          283,500.00                   63,000.00             315,000.00          390,000.00                   70.00
0000000000         TAMPA                                               33614   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    121,500.00                    121,424.48   First Lien                                    -          145,800.00                   24,300.00             162,000.00          162,000.00                   75.00
1103656125         TAMPA                                               33614   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    121,500.00                    121,424.48   First Lien                                    -          145,800.00                   24,300.00             162,000.00          162,000.00                   75.00
1103656126         TAMPA                                               33614   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    121,500.00                    121,424.48   First Lien                                    -          145,800.00                   24,300.00             162,000.00          162,000.00                   75.00
1103656127         TAMPA                                               33614   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    121,500.00                    121,424.48   First Lien                                    -          145,800.00                   24,300.00             162,000.00          162,000.00                   75.00
1103656128         XXXXXXX                                             19013   PA                       20070301                20370201    FIXED                  No                                          360                    360                          359                     39,500.00                     39,470.68   First Lien                                    -           39,500.00                           -                      -           70,000.00                   56.43
1103656129         BRONX                                               10456   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    220,000.00                    219,850.13   First Lien                                    -          275,000.00                   55,000.00             275,000.00          275,000.00                   80.00
1103656130         XXXXXXXX                                            00000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                  1,471,875.00                  1,471,875.00   First Lien                                    -        1,471,875.00                           -           1,962,500.00        1,965,000.00                   75.00
0000000000         XXXXXXXX                                            00000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    960,000.00                    959,287.54   First Lien                                    -          960,000.00                           -                      -        1,600,000.00                   60.00
1103656133         NORTH MIAMI BEACH                                   33160   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    352,000.00                    352,000.00   First Lien                                    -          352,000.00                           -                      -          440,000.00                   80.00
1103656134         WHITE PLAINS                                        10607   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    392,000.00                    392,000.00   First Lien                                    -          441,000.00                   49,000.00                      -          490,000.00                   80.00
1103656135         NEW YORK                                            10005   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                  1,000,000.00                    999,139.02   First Lien                                    -        1,440,100.00                  440,100.00           1,800,000.00        2,000,000.00                   55.56
1103656136         XXXXXXXX                                            00000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    431,800.00                    431,538.41   First Lien                                    -          431,800.00                           -             539,750.00          700,000.00                   80.00
1103656137         BROOKLYN                                            11219   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    289,000.00                    288,824.92   First Lien                                    -          289,000.00                           -             361,250.00          460,000.00                   80.00
1103656139         BELLEVILLE                                           7109   NJ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    340,000.00                    339,728.11   First Lien                                    -          425,000.00                   85,000.00             425,000.00          430,000.00                   80.00
0000000000         XXXXXXXX                                            00000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    700,000.00                    699,397.31   First Lien                                    -        1,100,000.00                  400,000.00                      -        1,400,000.00                   50.00
1103656141         LAKEWOOD                                             8701   NJ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    416,000.00                    415,650.51   First Lien                                    -          494,000.00                   78,000.00             520,000.00          525,000.00                   80.00
1103656142         PATERSON                                             7503   NJ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    361,600.00                    361,310.83   First Lien                                    -          452,000.00                   90,400.00             452,000.00          460,000.00                   80.00
1103656143         BRONX                                               10462   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    102,600.00                    102,511.66   First Lien                                    -          102,600.00                           -             114,000.00          114,000.00                   90.00
1103656144         SCHENECTADY                                         12304   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                     69,600.00                     69,558.91   First Lien                                    -           82,650.00                   13,050.00              87,000.00           92,000.00                   80.00
1103656145         XXXXXXXX                                            00000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    850,000.00                    849,268.17   First Lien                                    -          850,000.00                           -                      -        1,350,000.00                   62.96
1103656146         KEENE                                                0000   XX                       00000000                20370201    FIXED                  No                                          360                    360                          359                    116,000.00                    115,889.94   First Lien                                    -          130,094.00                   14,094.00             145,000.00          148,000.00                   80.00
1103656147         XXXX XXXXXXXXXX                                     00000   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    240,000.00                    239,793.36   First Lien                                    -          240,000.00                           -             300,000.00          300,000.00                   80.00
1103656148         XXXX XXXXXXXXXX                                     00000   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    240,000.00                    239,793.36   First Lien                                    -          240,000.00                           -             300,000.00          300,000.00                   80.00
1103656161         XXXXXX                                              84041   UT                       20070401                20370301    FIXED                  No                                          360                    360                          360                    123,750.00                    123,750.00   First Lien                                    -          123,750.00                           -                      -          165,000.00                   75.00
1103656200         CRESTLINE                                           92325   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    208,000.00                    208,000.00   First Lien                                    -          260,000.00                   52,000.00             260,000.00          260,000.00                   80.00
1103656522         CUPERTINO                                           95014   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    443,000.00                    443,000.00   First Lien                                    -          443,000.00                           -                      -          800,000.00                   55.38
1103656697         XXXXXXXXXX XXXXX                                    00000   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    223,900.00                    223,900.00   First Lien                                    -          279,750.00                   55,850.00             279,900.00          280,000.00                   79.99
1103656818         XXXXXX XXXX                                         95037   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    649,000.00                    649,000.00   First Lien                                    -          649,000.00                           -                      -        1,650,000.00                   39.33
0000000000         ANAHEIM                                             92806   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    300,000.00                    299,708.42   First Lien                                    -          300,000.00                           -                      -          615,000.00                   48.78
1103656820         SANTA XXXXX                                         93454   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    466,050.00                    465,574.84   First Lien                                    -          466,050.00                           -             582,620.00          583,000.00                   79.99
1103656821         GARDEN GROVE                                        92840   CA                       20070301                20220201    FIXED                  No                                          180                    180                          179                    495,000.00                    493,297.91   First Lien                                    -          495,000.00                           -                      -          770,000.00                   64.29
1103656822         SANTA XXXXX                                         93454   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    464,600.00                    464,114.93   First Lien                                    -          464,600.00                           -             580,750.00          581,000.00                   80.00
1103656823         MONTEREY PARK                                       91754   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    435,000.00                    435,000.00   First Lien                                    -          435,000.00                           -             585,000.00          600,000.00                   74.36
1103656824         BROOMFIELD                                          80020   CO                       20070301                20370201    FIXED                  No                                          360                    360                          359                    248,000.00                    248,000.00   First Lien                                    -          248,000.00                           -                      -          310,000.00                   80.00
1103656825         MOUNTAIN CENTER (AREA)                              92561   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    227,250.00                    227,250.00   First Lien                                    -          227,250.00                           -             252,500.00          258,000.00                   90.00
1103656826         RIO RICO                                            85648   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    175,000.00                    174,837.92   First Lien                                    -          175,000.00                           -                      -          302,000.00                   57.95
0000000000         ELMWOOD PARK                                        60707   IL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    284,000.00                    283,783.90   First Lien                                    -          337,250.00                   53,250.00                      -          355,000.00                   80.00
1103656828         COLORADO SPRINGS                                    80919   CO                       20070301                20370201    FIXED                  No                                          360                    360                          359                    574,000.00                    573,481.10   First Lien                                    -          717,500.00                  143,500.00             717,500.00          720,000.00                   80.00
1103656829         SANTA XXXXXXX                                       93109   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    650,000.00                    649,383.26   First Lien                                    -          780,000.00                  130,000.00                      -        1,275,000.00                   50.98
1103656830         SYLMAR                                              91342   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    266,250.00                    265,997.37   First Lien                                    -          266,250.00                           -                      -          355,000.00                   75.00
1103656831         FOUNTAIN VALLEY                                     92708   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    434,000.00                    433,588.21   First Lien                                    -          434,000.00                           -             620,000.00          650,000.00                   70.00
1103656832         WESTMINSTER                                         92683   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    431,250.00                    430,840.81   First Lien                                    -          431,250.00                           -             575,000.00          600,000.00                   75.00
1103656833         WESTMINSTER                                         92683   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    512,000.00                    511,525.79   First Lien                                    -          512,000.00                           -                      -          650,000.00                   78.77
1103656834         MONROE                                              30655   GA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    471,500.00                    471,063.29   First Lien                                    -          471,500.00                           -                      -          620,000.00                   76.05
0000000000         EL MONTE                                            91733   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    520,000.00                    519,494.60   First Lien                                    -          520,000.00                           -             650,000.00          655,000.00                   80.00
1103656836         CHINO                                               91710   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    470,000.00                    470,000.00   First Lien                                    -          720,000.00                  250,000.00                      -          800,000.00                   58.75
1103656837         DINUBA                                              93618   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    180,000.00                    179,833.28   First Lien                                    -          180,000.00                           -                      -          225,000.00                   80.00
1103656838         OAKDALE                                             95361   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    284,000.00                    283,730.53   First Lien                                    -          284,000.00                           -             524,000.00          524,000.00                   54.20
1103656839         SANTA XXXX                                          95060   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    558,000.00                    558,000.00   First Lien                                    -          558,000.00                           -                      -          768,000.00                   72.66
1103656840         CORONA                                              92882   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    600,000.00                    599,495.93   First Lien                                    -          600,000.00                           -                      -          847,205.00                   70.82
1103656841         XXXXXXX                                             85296   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    250,000.00                    249,757.01   First Lien                                    -          250,000.00                           -                      -          319,000.00                   78.37
1103656842         WESTMINSTER                                         92683   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    520,000.00                    519,552.29   First Lien                                    -          520,000.00                           -                      -          650,000.00                   80.00
0000000000         HANFORD                                             93230   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    559,000.00                    558,469.60   First Lien                                    -          559,000.00                           -                      -          716,000.00                   78.07
1103656844         WESTMINSTER                                         92683   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    470,000.00                    470,000.00   First Lien                                    -          500,000.00                   30,000.00                      -          595,000.00                   78.99
1103656845         NIPOMO                                              93444   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    720,000.00                    719,316.84   First Lien                                    -          720,000.00                           -             900,000.00          900,000.00                   80.00
1103656855         XXXXXXX                                             00000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    452,000.00                    451,581.36   First Lien                                    -          452,000.00                           -                      -          565,000.00                   80.00
1103656856         LAS VEGAS                                           89117   NV                       20070301                20370201    FIXED                  No                                          360                    360                          359                    148,500.00                    148,500.00   First Lien                                    -          148,500.00                           -                      -          200,000.00                   74.25
1103656857         XXXXXX XXXXX                                        00000   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    311,200.00                    311,200.00   First Lien                                    -          311,200.00                           -             389,000.00          389,000.00                   80.00
1103656858         SAN DIEGO                                           92115   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    546,400.00                    546,400.00   First Lien                                    -          546,400.00                           -                      -          683,000.00                   80.00
1103656859         TEMECULA                                            92592   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    345,000.00                    344,710.16   First Lien                                    -          345,000.00                           -                      -          555,019.00                   62.16
1103656860         LAKEWOOD                                            90712   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    431,000.00                    431,000.00   First Lien                                    -          431,000.00                           -                      -          575,000.00                   74.96
1103656861         LOS ANGELES                                         90008   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    608,000.00                    608,000.00   First Lien                                    -          608,000.00                           -                      -          805,000.00                   75.53
1103656862         APPLE VALLEY                                        92308   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    483,900.00                    483,900.00   First Lien                                    -          483,900.00                           -             604,951.00          604,951.00                   79.99
1103656863         CAMARILLO                                           93012   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    375,000.00                    375,000.00   First Lien                                    -          375,000.00                           -                      -          690,099.00                   54.34
1103656864         DALLAS                                              75206   TX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    208,800.00                    208,597.06   First Lien                                    -          208,800.00                           -                      -          261,000.00                   80.00
1103656865         XXXX XXXX XXXX                                      00000   UT                       20061101                20361001    FIXED                  No                                          360                    360                          355                    295,000.00                    292,899.00   First Lien                                    -          295,000.00                           -                      -          425,011.00                   69.41
1103656866         XXXXXXX                                             00000   XX                       00000000                20370201    FIXED                  No                                          360                    360                          359                    213,000.00                    212,797.90   First Lien                                    -          213,000.00                           -                      -          345,000.00                   61.74
1103656867         DEMOREST                                            30535   GA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    107,910.00                    107,910.00   First Lien                                    -          107,910.00                           -             119,900.00          119,900.00                   90.00
0000000000         XXXXXX                                              34667   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    320,000.00                    320,000.00   First Lien                                    -          320,000.00                           -                      -          402,000.00                   79.60
1103656869         VALLEJO                                             94591   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    500,000.00                    499,490.30   First Lien                                    -          500,000.00                           -                      -          685,000.00                   72.99
1103656870         STOCKTON                                            95204   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    262,400.00                    262,400.00   First Lien                                    -          311,502.00                   49,102.00                      -          328,000.00                   80.00
1103656871         ENGLEWOOD                                           34224   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                    202,400.00                    202,058.90   First Lien                                    -          202,400.00                           -                      -          253,000.00                   80.00
1103656872         COPPELL                                             75019   TX                       20070201                20220101    FIXED                  No                                          180                    180                          178                    150,000.00                    148,976.80   First Lien                                    -          150,000.00                           -                      -          326,016.00                   46.01
1103656873         LANDIS                                              28088   NC                       20070201                20370101    FIXED                  No                                          360                    360                          358                     88,800.00                     88,800.00   First Lien                                    -          111,000.00                   22,200.00             111,000.00          112,000.00                   80.00
1103656874         BEMIDJI                                             56601   MN                       20070301                20370201    FIXED                  No                                          360                    360                          359                    152,340.00                    152,198.90   First Lien                                    -          203,120.00                   50,780.00             203,120.00          205,000.00                   75.00
1103656875         AIEA                                                96701   HI                       20061201                20361101    FIXED                  No                                          360                    360                          356                    550,000.00                    547,436.60   First Lien                                    -          550,000.00                           -                      -          840,000.00                   65.48
0000000000         AIEA                                                96701   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    273,750.00                    273,750.00   First Lien                                    -          273,750.00                           -                      -          365,000.00                   75.00
1103656877         KILAUEA                                             96754   HI                       20070301                20370201    FIXED                  No                                          360                    360                          359                    300,000.00                    299,701.35   First Lien                                    -          300,000.00                           -                      -          615,000.00                   48.78
1103656878         MANTECA                                             95337   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    480,000.00                    480,000.00   First Lien                                    -          480,000.00                           -                      -          600,000.00                   80.00
1103656879         LONG BEACH                                          90808   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    488,000.00                    488,000.00   First Lien                                    -          488,000.00                           -                      -          655,000.00                   74.50
0000000000         OXNARD                                              93035   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    523,000.00                    523,000.00   First Lien                                    -          523,000.00                           -                      -          660,000.00                   79.24
0000000000         VISALIA                                             93291   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    136,500.00                    136,500.00   First Lien                                    -          136,500.00                           -                      -          182,000.00                   75.00
1103657592         DENVER                                              80202   CO                       20070401                20370301    FIXED                  No                                          360                    360                          360                    575,580.00                    575,580.00   First Lien                                    -          707,580.00                  132,000.00                      -          950,000.00                   60.59
1103657685         XXXXXXX                                             00000   XX                       20070401                20370301    FIXED                  No                                          360                    360                          360                    192,500.00                    192,500.00   First Lien                                    -          192,500.00                           -                      -          335,000.00                   57.46
1103658546         CORONADO                                            92118   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    650,000.00                    650,000.00   First Lien                                    -          650,000.00                           -           2,350,000.00        2,350,000.00                   27.66
1103658999         CALIFORNIA CITY                                     93505   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    138,000.00                    138,000.00   First Lien                                    -          138,000.00                           -                      -          186,000.00                   74.19
2503096478         SAN XXXX CAPISTRANO                                 92675   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    525,000.00                    525,000.00   First Lien                                    -          525,000.00                           -                      -          795,000.00                   66.04
2503153671         BROOKLYN                                            11216   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    495,000.00                    495,000.00   First Lien                                    -          627,000.00                  132,000.00             660,000.00          675,000.00                   75.00
2503161188         XXXXXXXX                                            00000   XX                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    320,000.00                    319,849.49   First Lien                                    -          400,000.00                   80,000.00             400,000.00          400,000.00                   80.00
2503181399         BROOKLYN                                            11213   NY                       20061001                20360901    ARMS                   No                                          360                    360                          354                    539,250.00                    539,250.00   First Lien                                    -          719,000.00                  179,750.00             719,000.00          745,000.00                   75.00
2503185562         NEWARK                                               7103   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    457,500.00                    457,500.00   First Lien                                    -          610,000.00                  152,500.00             610,000.00          620,000.00                   75.00
2503192569         SUNRISE                                             33351   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    158,950.00                    158,950.00   First Lien                                    -          158,950.00                           -             176,649.00          179,000.00                   89.98
2503194402         BRONX                                               10468   NY                       20070401                20370201    ARMS                   Yes                                         360                    480                          360                    415,000.00                    415,000.00   First Lien                                    -          415,000.00                           -                      -          600,000.00                   69.17
2503194433         HOLLYWOOD                                           33024   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    210,000.00                    210,000.00   First Lien                                    -          210,000.00                           -                      -          300,000.00                   70.00
2503194623         XXXXXXX                                             00000   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    420,000.00                    420,000.00   First Lien                                    -          420,000.00                           -                      -          525,000.00                   80.00
2503194960         DESTIN                                              32541   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    491,250.00                    491,250.00   First Lien                                    -          622,250.00                  131,000.00                      -          655,000.00                   75.00
2503195323         ORLANDO                                             32819   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    192,375.00                    192,375.00   First Lien                                    -          192,375.00                           -             256,500.00          265,000.00                   75.00
2503195750         SIMI VALLEY                                         93063   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    480,000.00                    480,000.00   First Lien                                    -          540,000.00                   60,000.00                      -          600,000.00                   80.00
0000000000         EAST SETAUKET                                       11733   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    301,500.00                    301,500.00   First Lien                                    -          381,500.00                   80,000.00             402,900.00          404,000.00                   74.83
2503196229         XXXXXXXX                                             7029   NJ                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    248,000.00                    247,917.98   First Lien                                    -          294,500.00                   46,500.00                      -          310,000.00                   80.00
2503196337         WAIPAHU                                             96797   HI                       20070201                20370201    ARMS                   Yes                                         360                    480                          358                    664,000.00                    663,396.48   First Lien                                    -          747,000.00                   83,000.00                      -          830,000.00                   80.00
2503196668         XXXX XXXX XXXXX                                     00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    211,400.00                    211,400.00   First Lien                                    -          281,850.00                   70,450.00             281,900.00          282,000.00                   74.99
2503196705         CORAL SPRINGS                                       33071   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    243,250.00                    243,250.00   First Lien                                    -          243,250.00                           -                      -          275,000.00                   88.45
2503197062         WAIPAHU                                             96797   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    516,000.00                    516,000.00   First Lien                                    -          645,000.00                  129,000.00             665,000.00          645,000.00                   80.00
2503197251         LAKEWOOD                                            90712   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    332,500.00                    332,500.00   First Lien                                    -          475,000.00                  142,500.00             475,000.00          505,000.00                   70.00
2503197258         STOCKTON                                            95207   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    265,000.00                    264,736.19   First Lien                                    -          265,000.00                           -                      -          400,000.00                   66.25
2503197346         RIVERSIDE                                           92509   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    161,000.00                    161,000.00   First Lien                                    -          207,000.00                   46,000.00             230,000.00          310,000.00                   70.00
2503197390         HOLLYWOOD                                           33021   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    167,900.00                    167,900.00   First Lien                                    -          223,850.00                   55,950.00             223,900.00          223,900.00                   74.99
2503197770         LOS ANGELES                                         90042   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    520,000.00                    519,590.30   First Lien                                    -          650,000.00                  130,000.00             650,000.00          650,000.00                   80.00
2503197789         IRVINE                                              92620   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    480,000.00                    480,000.00   First Lien                                    -          510,000.00                   30,000.00                      -          600,000.00                   80.00
2503197808         HEMPSTEAD                                           11550   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    432,480.00                    432,480.00   First Lien                                    -          540,600.00                  108,120.00             540,600.00          600,000.00                   80.00
2503197813         HIALEAH                                             33015   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    107,150.00                    107,150.00   First Lien                                    -          142,900.00                   35,750.00             142,900.00          161,000.00                   74.98
2503197900         INDIALANTIC                                         32903   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    273,000.00                    273,000.00   First Lien                                    -          273,000.00                           -                      -          546,000.00                   50.00
2503197901         WINTER GARDEN                                       34787   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    154,000.00                    154,000.00   First Lien                                    -          154,000.00                           -                      -          226,000.00                   68.14
2503197907         XXXX GARDENS                                        90201   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    405,000.00                    404,633.87   First Lien                                    -          405,000.00                           -                      -          775,000.00                   52.26
2503197922         BROOKLYN                                            11226   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    457,500.00                    457,500.00   First Lien                                    -          610,000.00                  152,500.00             610,000.00          620,000.00                   75.00
2503197976         EAST XXXXXXXX                                       00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    637,500.00                    637,500.00   First Lien                                    -          850,000.00                  212,500.00             850,000.00          850,000.00                   75.00
2503198073         MIAMI BEACH                                         33139   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    178,500.00                    178,377.78   First Lien                                    -          226,100.00                   47,600.00             238,000.00          245,000.00                   75.00
2503198208         CHULA VISTA                                         91914   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    600,000.00                    600,000.00   First Lien                                    -          600,000.00                           -                      -        1,000,000.00                   60.00
2503198250         SANTA XXXX                                          95409   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    370,000.00                    370,000.00   First Lien                                    -          370,000.00                           -                      -          485,000.00                   76.29
2503198264         CABAZON                                             92230   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    239,200.00                    239,200.00   First Lien                                    -          299,000.00                   59,800.00             299,000.00          300,000.00                   80.00
0000000000         SAN DIEGO                                           92113   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    362,000.00                    362,000.00   First Lien                                    -          362,000.00                           -                      -          625,000.00                   57.92
2503198435         DETROIT                                             48228   MI                       20070301                20370201    ARMS                   No                                          360                    360                          359                     86,400.00                     86,338.40   First Lien                                    -          108,000.00                   21,600.00             108,000.00          108,000.00                   80.00
2503198545         OCEAN VIEW                                          96737   HI                       20070201                20370101    ARMS                   No                                          360                    360                          358                    211,200.00                    210,844.12   First Lien                                    -          264,000.00                   52,800.00             264,000.00          265,000.00                   80.00
2503198630         XXXXXXXXXX                                          00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    240,000.00                    239,749.43   First Lien                                    -          240,000.00                           -             300,000.00          300,000.00                   80.00
2503198778         FREMONT                                             94538   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    492,000.00                    491,504.09   First Lien                                    -          492,000.00                           -             615,000.00          660,000.00                   80.00
2503198866         ORANGE                                               7050   NJ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    224,250.00                    224,250.00   First Lien                                    -          299,000.00                   74,750.00             299,000.00          299,000.00                   75.00
2503198950         OREM                                                84097   UT                       20070301                20370201    FIXED                  No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -        1,092,500.00                  342,500.00           1,150,000.00        1,150,000.00                   65.22
0000000000         SAN MARCOS                                          92069   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    326,000.00                    326,000.00   First Lien                                    -          326,000.00                           -                      -          485,000.00                   67.22
0000000000         LOS ANGELES (PANORAMA CIT                           91402   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    416,000.00                    416,000.00   First Lien                                    -          416,000.00                           -                      -          525,000.00                   79.24
2503199242         XXXX XXXX XXXXX                                     00000   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    213,500.00                    213,500.00   First Lien                                    -          270,450.00                   56,950.00             284,685.00          290,900.00                   75.00
2503199341         CHICAGO                                             60647   IL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    227,200.00                    227,200.00   First Lien                                    -          270,700.00                   43,500.00                      -          284,000.00                   80.00
2503199409         SANTA XXXX                                          95407   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    347,000.00                    347,000.00   First Lien                                    -          347,000.00                           -                      -          545,000.00                   63.67
0000000000         XXXXXX                                              11423   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    295,000.00                    294,757.72   First Lien                                    -          295,000.00                           -                      -          510,000.00                   57.84
2503199470         TAMPA                                               33615   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    614,550.00                    614,550.00   First Lien                                    -          721,550.00                  107,000.00                      -          723,000.00                   85.00
2503199526         ORLANDO                                             32821   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    344,000.00                    344,000.00   First Lien                                    -          344,000.00                           -                      -          430,000.00                   80.00
2503199544         LOS ANGELES                                         90047   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    393,750.00                    393,750.00   First Lien                                    -          525,000.00                  131,250.00             525,000.00          525,000.00                   75.00
2503199606         AURORA                                              60502   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    199,300.00                    199,300.00   First Lien                                    -          265,700.00                   66,400.00             265,742.00          269,000.00                   75.00
2503199649         SUN CITY                                            92586   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    223,250.00                    223,250.00   First Lien                                    -          223,250.00                           -             235,000.00          242,500.00                   95.00
2503199671         BAY SHORE                                           11706   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    320,000.00                    320,000.00   First Lien                                    -          380,000.00                   60,000.00                      -          400,000.00                   80.00
2503199795         HOLLYWOOD                                           33021   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    146,900.00                    146,900.00   First Lien                                    -          186,050.00                   39,150.00             195,900.00          196,000.00                   74.99
0000000000         BROOKLYN                                            11221   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    592,500.00                    592,500.00   First Lien                                    -          790,000.00                  197,500.00             790,000.00          790,000.00                   75.00
2503199929         VALLEY SPRINGS                                      95252   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    214,400.00                    214,400.00   First Lien                                    -          268,000.00                   53,600.00             268,000.00          270,000.00                   80.00
2503199958         CHICAGO                                             60622   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    504,000.00                    504,000.00   First Lien                                    -          504,000.00                           -                      -          630,000.00                   80.00
2503199960         CHICAGO                                             60639   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    342,000.00                    342,000.00   First Lien                                    -          342,000.00                           -                      -          380,000.00                   90.00
2503200178         BROOKLYN                                            11212   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    228,000.00                    227,846.71   First Lien                                    -          270,750.00                   42,750.00             285,000.00          285,000.00                   80.00
0000000000         TOLLESON                                            85353   AZ                       20070201                20370101    ARMS                   No                                          360                    360                          358                    172,000.00                    172,000.00   First Lien                                    -          215,000.00                   43,000.00             215,000.00          234,000.00                   80.00
2503200248         UPPER MARLBORO                                      20772   MD                       20070301                20370201    FIXED                  No                                          360                    360                          359                    501,600.00                    501,600.00   First Lien                                    -          626,000.00                  124,400.00                      -          627,000.00                   80.00
2503200282         XXXXX XXXXX                                         00000   AZ                       20070201                20370201    ARMS                   Yes                                         360                    480                          358                    157,600.00                    157,508.10   First Lien                                    -          197,000.00                   39,400.00             197,000.00          205,000.00                   80.00
2503200374         LONG BEACH                                          90804   CA                       20070301                20370101    ARMS                   Yes                                         360                    480                          359                    270,000.00                    269,916.88   First Lien                                    -          270,000.00                           -                      -          382,000.00                   70.68
2503200392         LOS ANGELES                                         90036   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    995,857.00                    995,857.00   First Lien                                    -          995,857.00                           -                      -        1,433,000.00                   69.49
2503200393         DETROIT                                             48238   MI                       20070301                20370201    ARMS                   No                                          360                    360                          359                     95,400.00                     95,363.69   First Lien                                    -           95,400.00                           -             106,000.00          106,000.00                   90.00
2503200411         RIVERSIDE                                           92508   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    499,900.00                    495,302.00   First Lien                                    -          562,350.00                   62,450.00             624,879.00          635,000.00                   80.00
2503200420         LOS ANGELES                                         90026   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -          999,950.00                  249,950.00           1,000,000.00          999,999.00                   75.00
0000000000         MEDFORD                                             97504   OR                       20070301                20370201    FIXED                  No                                          360                    360                          359                    450,000.00                    449,583.22   First Lien                                    -          450,000.00                           -                      -          600,000.00                   75.00
2503200673         WAIANAE                                             96792   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    389,500.00                    389,500.00   First Lien                                    -          389,500.00                           -             410,000.00          410,000.00                   95.00
2503200675         XXXX XXXXXXXXXX                                     00000   MD                       20070301                20370201    ARMS                   No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -        1,150,000.00                  400,000.00                      -        1,375,000.00                   54.55
0000000000         LONG BEACH                                          90805   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    221,500.00                    221,500.00   First Lien                                    -          221,500.00                           -                      -          490,000.00                   45.20
2503200755         XXXXXXXX XXXX                                       00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    145,400.00                    145,400.00   First Lien                                    -          172,660.00                   27,260.00             181,750.00          230,000.00                   80.00
0000000000         XXXXXXXX                                            00000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    890,000.00                    889,114.00   First Lien                                    -          890,000.00                           -                      -        1,375,000.00                   64.73
2503200779         KENWOOD                                             95452   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    256,000.00                    256,000.00   First Lien                                    -          256,000.00                           -                      -          485,000.00                   52.78
2503200785         PROVIDENCE                                           2908   RI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          250,000.00                   80.00
2503200817         NORTH LAS VEGAS                                     89031   NV                       20070201                20370101    ARMS                   No                                          360                    360                          358                    194,500.00                    194,500.00   First Lien                                    -          194,500.00                           -                      -          260,000.00                   74.81
2503200923         LAUDERHILL                                          33313   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                     86,250.00                     86,250.00   First Lien                                    -          109,250.00                   23,000.00                      -          115,000.00                   75.00
2503200974         STOCKTON                                            95212   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    266,000.00                    266,000.00   First Lien                                    -          390,444.00                  124,444.00                      -          417,427.00                   63.72
2503200985         VERO BEACH                                          32966   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    179,250.00                    179,250.00   First Lien                                    -          209,250.00                   30,000.00                      -          239,000.00                   75.00
2503201023         CORONA                                              92879   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    420,000.00                    419,169.65   First Lien                                    -          420,000.00                           -                      -          525,000.00                   80.00
2503201058         BAKERSFIELD                                         93313   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    205,000.00                    204,831.64   First Lien                                    -          205,000.00                           -                      -          345,000.00                   59.42
2503201069         GOODYEAR                                            85338   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    153,600.00                    153,600.00   First Lien                                    -          192,000.00                   38,400.00             192,000.00          192,000.00                   80.00
2503201130         CROWN POINT                                         46307   IN                       20070301                20370201    ARMS                   No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -          750,000.00                           -                      -        1,400,000.00                   53.57
2503201178         XXXX XXXXX                                          00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    479,925.00                    479,925.00   First Lien                                    -          639,900.00                  159,975.00             639,900.00          645,000.00                   75.00
2503201250         BROOKLYN                                            11208   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    561,000.00                    561,000.00   First Lien                                    -          748,000.00                  187,000.00             748,000.00          749,000.00                   75.00
2503201264         JAMAICA                                             11435   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    593,600.00                    593,600.00   First Lien                                    -          742,000.00                  148,400.00             742,000.00          745,000.00                   80.00
2503201275         XXXXXXXXXX                                          00000   XX                       20070301                20370301    ARMS                   Yes                                         360                    480                          359                    448,000.00                    447,846.47   First Lien                                    -          448,000.00                           -                      -          560,000.00                   80.00
2503201343         BROOKLYN                                            11203   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    551,250.00                    550,879.37   First Lien                                    -          698,250.00                  147,000.00             735,000.00          735,000.00                   75.00
2503201350         XXXXXXXX                                            00000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    396,000.00                    396,000.00   First Lien                                    -          510,000.00                  114,000.00                      -          510,000.00                   77.65
2503201353         MIAMI                                               33170   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    326,750.00                    326,541.65   First Lien                                    -          326,750.00                           -             343,990.00          450,000.00                   94.99
2503201375         KENNER                                              70062   LA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    200,000.00                    199,865.80   First Lien                                    -          250,000.00                   50,000.00             250,000.00          255,000.00                   80.00
2503201377         XXXXXXXX                                            00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    225,000.00                    225,000.00   First Lien                                    -          225,000.00                           -             300,000.00          335,000.00                   75.00
2503201413         DORAL                                               33166   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    127,920.00                    127,920.00   First Lien                                    -          159,900.00                   31,980.00             159,900.00          185,000.00                   80.00
2503201422         XXXX XXXXXX                                         00000   CO                       20070301                20370201    FIXED                  No                                          360                    360                          359                    152,000.00                    152,000.00   First Lien                                    -          190,000.00                   38,000.00                      -          190,000.00                   80.00
2503201454         WELLINGTON                                          33414   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -        1,150,000.00                  400,000.00           1,200,000.00        1,200,000.00                   62.50
2503201488         XXXXXX                                              00000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    473,000.00                    473,000.00   First Lien                                    -          473,000.00                           -                      -          600,000.00                   78.83
2503201496         LINDENHURST                                         11757   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    300,000.00                    299,747.96   First Lien                                    -          380,000.00                   80,000.00                      -          400,000.00                   75.00
2503201533         MARGATE                                             33063   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    224,500.00                    224,297.05   First Lien                                    -          254,300.00                   29,800.00                      -          321,000.00                   69.94
2503201548         BROOKLYN                                            11221   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    562,500.00                    562,500.00   First Lien                                    -          750,000.00                  187,500.00             750,000.00          800,000.00                   75.00
2503201557         CHICAGO                                             60636   IL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    103,500.00                    103,421.64   First Lien                                    -          103,500.00                           -                      -          115,000.00                   90.00
2503201608         GEORGETOWN                                          29440   SC                       20070301                20370201    FIXED                  No                                          360                    360                          359                    359,000.00                    358,625.18   First Lien                                    -          359,000.00                           -                      -        1,870,000.00                   19.20
2503201675         DORAL                                               33166   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    141,700.00                    141,700.00   First Lien                                    -          177,100.00                   35,400.00             177,130.00          185,000.00                   80.00
2503201710         ANAHEIM                                             92801   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    294,115.00                    294,115.00   First Lien                                    -          294,115.00                           -                      -          550,000.00                   53.48
2503201722         FORT XXXXX                                          33913   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    161,600.00                    161,487.09   First Lien                                    -          191,900.00                   30,300.00             202,000.00          211,000.00                   80.00
2503201731         WEED                                                96094   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    152,000.00                    152,000.00   First Lien                                    -          190,000.00                   38,000.00             190,000.00          195,000.00                   80.00
2503201741         FRESNO                                              93720   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    236,000.00                    236,000.00   First Lien                                    -          280,250.00                   44,250.00                      -          295,000.00                   80.00
2503201773         CORAL GABLES                                        33134   FL                       20070301                20370101    ARMS                   Yes                                         360                    480                          359                    176,000.00                    175,920.23   First Lien                                    -          176,000.00                           -             220,000.00          230,000.00                   80.00
2503201817         XXXXXXXXXX                                          00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    427,000.00                    427,000.00   First Lien                                    -          610,000.00                  183,000.00             610,000.00          610,000.00                   70.00
2503201820         XXXXXXXXXX                                          00000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    411,000.00                    410,610.03   First Lien                                    -          431,000.00                   20,000.00                      -          520,000.00                   79.04
2503201846         SAN XXXXXXXX                                        91340   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    330,000.00                    330,000.00   First Lien                                    -          330,000.00                           -                      -          495,000.00                   66.67
2503201853         MIRAMAR                                             33027   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -          950,000.00                  200,000.00             950,000.00          950,000.00                   78.95
2503201866         EUGENE                                              97404   OR                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    204,000.00                    203,941.39   First Lien                                    -          204,000.00                           -                      -          240,000.00                   85.00
2503201872         SAN DIEGO                                           92114   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    340,000.00                    340,000.00   First Lien                                    -          425,000.00                   85,000.00                      -          425,000.00                   80.00
0000000000         XXXXX XXXXX                                         92886   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    692,000.00                    690,805.05   First Lien                                    -          842,000.00                  150,000.00                      -        1,150,000.00                   60.17
2503201903         ANAHEIM                                             92805   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    462,400.00                    462,400.00   First Lien                                    -          578,000.00                  115,600.00             578,000.00          578,000.00                   80.00
2503201943         OAKLAND                                             94608   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    560,000.00                    559,517.85   First Lien                                    -          560,000.00                           -                      -          800,000.00                   70.00
2503201968         FREMONT                                             94539   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    715,000.00                    715,000.00   First Lien                                    -          786,395.00                   71,395.00                      -        1,225,000.00                   58.37
0000000000         LAS VEGAS                                           89110   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    277,200.00                    277,200.00   First Lien                                    -          356,400.00                   79,200.00             396,000.00          430,000.00                   70.00
2503201999         BAKERSFIELD                                         93313   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                    239,000.00                    238,545.28   First Lien                                    -          280,000.00                   41,000.00                      -          355,000.00                   67.32
2503202043         LAKE FOREST                                         92630   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    544,000.00                    543,496.15   First Lien                                    -          680,000.00                  136,000.00                      -          680,000.00                   80.00
2503202101         CORAL SPRINGS                                       33071   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    332,500.00                    332,500.00   First Lien                                    -          495,500.00                  163,000.00                      -          627,000.00                   53.03
2503202161         BROOKLYN                                            11226   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    472,000.00                    472,000.00   First Lien                                    -          590,000.00                  118,000.00             590,000.00          590,000.00                   80.00
2503202164         GEISMAR                                             70734   LA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    147,500.00                    147,349.62   First Lien                                    -          200,500.00                   53,000.00             200,500.00          203,000.00                   73.57
2503202168         KISSIMMEE                                           34759   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    126,000.00                    126,000.00   First Lien                                    -          168,000.00                   42,000.00             168,000.00          194,000.00                   75.00
0000000000         OAKLAND                                             94605   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    356,250.00                    356,250.00   First Lien                                    -          356,250.00                           -             475,000.00          535,000.00                   75.00
2503202197         CICERO                                              60804   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    241,200.00                    241,200.00   First Lien                                    -          241,200.00                           -             268,000.00          272,000.00                   90.00
2503202203         CHICAGO                                             60651   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    236,250.00                    236,076.42   First Lien                                    -          315,000.00                   78,750.00             315,000.00          315,000.00                   75.00
2503202217         LA XXXXXX                                           91744   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    306,130.00                    306,130.00   First Lien                                    -          306,130.00                           -                      -          520,000.00                   58.87
2503202222         XXXXXX VALLEY                                       92553   CA                       20070201                20370201    ARMS                   Yes                                         360                    480                          358                    165,000.00                    164,924.93   First Lien                                    -          165,000.00                           -                      -          220,000.00                   75.00
2503202243         AREA OF SPRING VALLEY                               91977   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    423,750.00                    423,750.00   First Lien                                    -          536,750.00                  113,000.00                      -          565,000.00                   75.00
2503202296         SEBASTIAN                                           32958   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    157,000.00                    157,000.00   First Lien                                    -          157,000.00                           -                      -          200,000.00                   78.50
2503202297         DAYTONA BEACH                                       32117   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    143,900.00                    143,900.00   First Lien                                    -          179,850.00                   35,950.00             179,900.00          180,000.00                   79.99
2503202314         JACKSONVILLE                                        32223   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    155,000.00                    155,000.00   First Lien                                    -          155,000.00                           -                      -          200,000.00                   77.50
2503202370         HYATTSVILLE                                         20783   MD                       20070301                20370201    ARMS                   No                                          360                    360                          359                    336,000.00                    336,000.00   First Lien                                    -          336,000.00                           -                      -          420,000.00                   80.00
2503202385         MIAMI                                               33170   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    213,750.00                    213,750.00   First Lien                                    -          285,000.00                   71,250.00             285,000.00          288,000.00                   75.00
2503202443         XXXXXX XXXX                                         95037   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    632,000.00                    632,000.00   First Lien                                    -          932,000.00                  300,000.00                      -        1,100,000.00                   57.45
2503202459         VENTURA                                             93003   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -                      -        1,000,000.00                   50.00
2503202479         LOS ANGELES                                         90018   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    312,000.00                    312,000.00   First Lien                                    -          312,000.00                           -                      -          552,000.00                   56.52
2503202491         BALTIMORE                                           21224   MD                       20070301                20370201    ARMS                   No                                          360                    360                          359                    320,000.00                    320,000.00   First Lien                                    -          320,000.00                           -                      -          407,000.00                   78.62
2503202503         MIAMI                                               33032   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    273,750.00                    273,750.00   First Lien                                    -          328,500.00                   54,750.00                      -          365,000.00                   75.00
2503202509         DEBARY                                              32713   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    300,000.00                    300,000.00   First Lien                                    -          336,000.00                   36,000.00                      -          375,000.00                   80.00
2503202540         XXXXXXXXX                                           00000   OR                       20070301                20370201    ARMS                   No                                          360                    360                          359                    468,000.00                    468,000.00   First Lien                                    -          585,000.00                  117,000.00                      -          590,000.00                   79.32
0000000000         XXXXXXXXX                                           00000   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -          940,000.00                  190,000.00                      -          950,000.00                   78.95
2503202555         LONG BEACH                                          90808   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    488,000.00                    488,000.00   First Lien                                    -          610,000.00                  122,000.00             610,000.00          650,000.00                   80.00
2503202558         SAN DIEGO                                           92114   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    468,750.00                    468,750.00   First Lien                                    -          593,750.00                  125,000.00                      -          625,000.00                   75.00
0000000000         MIAMI                                               33193   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    452,000.00                    452,000.00   First Lien                                    -          565,000.00                  113,000.00                      -          565,000.00                   80.00
2503202608         SACRAMENTO                                          95823   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    204,000.00                    204,000.00   First Lien                                    -          242,250.00                   38,250.00                      -          255,000.00                   80.00
2503202617         OLNEY                                               20832   MD                       20070301                20370201    ARMS                   No                                          360                    360                          359                    464,000.00                    464,000.00   First Lien                                    -          522,000.00                   58,000.00                      -          580,000.00                   80.00
2503202624         STOCKTON                                            95205   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    274,023.00                    274,023.00   First Lien                                    -          342,529.00                   68,506.00             342,529.00          350,000.00                   80.00
2503202636         ORLANDO                                             32837   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    149,900.00                    149,900.00   First Lien                                    -          199,850.00                   49,950.00             199,900.00          200,000.00                   74.99
2503202644         KISSIMMEE                                           34744   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    240,750.00                    240,750.00   First Lien                                    -          288,900.00                   48,150.00                      -          321,000.00                   75.00
2503202652         WEST XXXXXXXXXX                                     00000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    595,000.00                    595,000.00   First Lien                                    -          595,000.00                           -                      -          700,000.00                   85.00
0000000000         ALEXANDRIA                                          22306   VA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    488,000.00                    488,000.00   First Lien                                    -          579,500.00                   91,500.00                      -          610,000.00                   80.00
2503202664         XXXXXX XXXXX                                        00000   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    320,800.00                    320,613.51   First Lien                                    -          320,800.00                           -             401,012.00          410,000.00                   80.00
2503202676         SUNNY ISLES                                         33160   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    150,000.00                    150,000.00   First Lien                                    -          150,000.00                           -                      -          299,000.00                   50.17
2503202680         PARAMOUNT                                           90723   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    485,800.00                    485,800.00   First Lien                                    -          694,000.00                  208,200.00             694,000.00          694,000.00                   70.00
2503202731         SANTA CLARITA                                       91354   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    372,850.00                    372,850.00   First Lien                                    -          472,250.00                   99,400.00             497,195.00          500,000.00                   74.99
2503202738         XXXXXX                                              00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    274,400.00                    274,400.00   First Lien                                    -          274,400.00                           -                      -          392,000.00                   70.00
2503202764         FONTANA                                             92336   CA                       20070201                20370201    ARMS                   Yes                                         360                    480                          358                    354,000.00                    353,678.26   First Lien                                    -          354,000.00                           -                      -          590,000.00                   60.00
2503202773         HOMESTEAD                                           33033   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    195,000.00                    195,000.00   First Lien                                    -          260,000.00                   65,000.00             260,000.00          260,000.00                   75.00
0000000000         BEND                                                97701   OR                       20070301                20370201    ARMS                   No                                          360                    360                          359                    315,000.00                    315,000.00   First Lien                                    -          315,000.00                           -                      -          505,000.00                   62.38
2503202889         ADDISON                                             60101   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    236,250.00                    236,250.00   First Lien                                    -          315,000.00                   78,750.00             315,000.00          315,000.00                   75.00
2503202892         LONG BEACH                                          90805   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    543,000.00                    543,000.00   First Lien                                    -          543,000.00                           -                      -          725,000.00                   74.90
2503202905         TAMPA                                               33637   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    168,835.00                    168,835.00   First Lien                                    -          168,835.00                           -             211,046.00          212,000.00                   80.00
0000000000         MURRIETA                                            92562   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    556,000.00                    556,000.00   First Lien                                    -          581,000.00                   25,000.00                      -          695,000.00                   80.00
2503202934         EAST CHICAGO                                        46312   IN                       20070301                20370201    ARMS                   No                                          360                    360                          359                     70,000.00                     69,945.40   First Lien                                    -           90,250.00                   20,250.00              95,000.00           95,000.00                   73.68
2503202939         LODI                                                95240   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    340,000.00                    340,000.00   First Lien                                    -          425,000.00                   85,000.00                      -          425,000.00                   80.00
2503202955         MECCA                                               92254   CA                       20070301                20220201    FIXED                  No                                          180                    180                          179                    131,300.00                    130,840.77   First Lien                                    -          131,300.00                           -                      -          270,000.00                   48.63
0000000000         DOLTON                                              60419   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    108,000.00                    108,000.00   First Lien                                    -          108,000.00                           -                      -          140,000.00                   77.14
2503202981         XXX XXXXXXX XXXX                                    00000   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    376,500.00                    376,500.00   First Lien                                    -          376,500.00                           -                      -          555,000.00                   67.84
2503202992         SALISBURY                                           21801   MD                       20070301                20370201    FIXED                  No                                          360                    360                          359                    315,000.00                    315,000.00   First Lien                                    -          315,000.00                           -                      -          350,000.00                   90.00
2503203006         XXXXXXX                                             00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    146,950.00                    146,950.00   First Lien                                    -          195,900.00                   48,950.00             195,990.00          198,000.00                   74.98
2503203032         XXXXXXXXXX                                          00000   MD                       20070301                20370201    ARMS                   No                                          360                    360                          359                    300,000.00                    299,736.61   First Lien                                    -          337,500.00                   37,500.00                      -          375,000.00                   80.00
2503203041         XXXX XXXX XXXXX                                     00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    233,600.00                    233,600.00   First Lien                                    -          262,800.00                   29,200.00                      -          292,000.00                   80.00
2503203044         XXXXXXX                                             00000   XX                       20070201                20370101    ARMS                   No                                          360                    360                          358                    471,920.00                    471,920.00   First Lien                                    -          589,900.00                  117,980.00             589,900.00          590,000.00                   80.00
2503203065         STOCKTON                                            95212   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    428,000.00                    428,000.00   First Lien                                    -          535,000.00                  107,000.00                      -          535,000.00                   80.00
2503203069         LANCASTER                                           93535   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    229,000.00                    229,000.00   First Lien                                    -          229,000.00                           -                      -          300,000.00                   76.33
2503203084         BAKERSFIELD                                         93307   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    107,250.00                    107,140.97   First Lien                                    -          107,250.00                           -                      -          210,000.00                   51.07
2503203085         SACRAMENTO                                          95822   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    256,500.00                    256,500.00   First Lien                                    -          256,500.00                           -                      -          285,000.00                   90.00
2503203089         LAS VEGAS                                           89138   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    535,011.00                    535,011.00   First Lien                                    -          713,348.00                  178,337.00             713,349.00          754,000.00                   75.00
2503203112         LOS ANGELES                                         90031   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    220,000.00                    220,000.00   First Lien                                    -          220,000.00                           -                      -          451,000.00                   48.78
2503203117         XXX XXXXXXX (XXXXXX XXXX)                           00000   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    431,250.00                    431,250.00   First Lien                                    -          575,000.00                  143,750.00                      -          575,000.00                   75.00
2503203171         STOCKTON                                            95203   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    273,750.00                    273,750.00   First Lien                                    -          328,500.00                   54,750.00             365,000.00          365,000.00                   75.00
2503203180         MIAMI                                               33193   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    176,250.00                    176,250.00   First Lien                                    -          235,000.00                   58,750.00             235,000.00          235,000.00                   75.00
2503203190         KANEOHE                                             96744   HI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    449,250.00                    449,250.00   First Lien                                    -          539,100.00                   89,850.00             599,000.00          650,000.00                   75.00
2503203219         SAINT ALBANS                                        11412   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    347,650.00                    347,650.00   First Lien                                    -          434,550.00                   86,900.00             434,600.00          435,000.00                   79.99
2503203221         MIAMI                                               33012   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    168,750.00                    168,601.84   First Lien                                    -          168,750.00                           -             225,000.00          242,000.00                   75.00
2503203224         LOS ANGELES                                         91601   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    386,000.00                    386,000.00   First Lien                                    -          386,000.00                           -                      -          795,000.00                   48.55
2503203248         SUNRISE                                             33351   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    147,600.00                    147,490.46   First Lien                                    -          196,800.00                   49,200.00             196,849.00          205,000.00                   74.98
2503203255         XXXXXXXXXX                                          00000   XX                       20070201                20370101    ARMS                   No                                          360                    360                          358                    368,000.00                    368,000.00   First Lien                                    -          460,000.00                   92,000.00             460,000.00          460,000.00                   80.00
2503203267         COMMERCE                                            90040   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    146,500.00                    146,500.00   First Lien                                    -          146,500.00                           -                      -          435,000.00                   33.68
2503203292         BROOKLYN                                            11221   NY                       20070301                20370301    ARMS                   Yes                                         360                    480                          359                    517,500.00                    517,347.42   First Lien                                    -          690,000.00                  172,500.00             690,000.00          690,000.00                   75.00
2503203302         LAVEEN                                              85339   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    622,350.00                    621,827.15   First Lien                                    -          739,050.00                  116,700.00             778,013.04          820,000.00                   79.99
2503203308         SUNRISE                                             33351   FL                       20070201                20370101    ARMS                   No                                          360                    360                          358                    232,000.00                    232,000.00   First Lien                                    -          232,000.00                           -                      -          290,000.00                   80.00
2503203317         CORONA                                              11368   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    727,500.00                    727,500.00   First Lien                                    -          921,500.00                  194,000.00             970,000.00          970,000.00                   75.00
2503203322         HEMET                                               92543   CA                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    296,000.00                    295,879.06   First Lien                                    -          333,000.00                   37,000.00                      -          370,000.00                   80.00
2503203339         XXXX XXXXXXXXXX                                     00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    224,000.00                    224,000.00   First Lien                                    -          280,000.00                   56,000.00             280,000.00          280,000.00                   80.00
2503203354         NORWALK                                             90650   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    340,500.00                    340,500.00   First Lien                                    -          454,000.00                  113,500.00             454,000.00          454,000.00                   75.00
2503203373         KAPAA                                               96746   HI                       20070301                20370201    FIXED                  No                                          360                    360                          359                    507,000.00                    507,000.00   First Lien                                    -          507,000.00                           -                      -        1,000,000.00                   50.70
2503203438         PARK FOREST                                         60466   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    141,750.00                    141,750.00   First Lien                                    -          179,550.00                   37,800.00                      -          189,000.00                   75.00
2503203444         POMPANO BEACH                                       33067   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    206,950.00                    206,950.00   First Lien                                    -          262,100.00                   55,150.00             275,990.00          276,000.00                   74.98
0000000000         XXXXXXX                                             11967   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    272,000.00                    272,000.00   First Lien                                    -          340,000.00                   68,000.00             340,000.00          350,000.00                   80.00
2503203469         ORLANDO                                             32835   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    185,000.00                    185,000.00   First Lien                                    -          185,000.00                           -                      -          266,000.00                   69.55
2503203487         SACRAMENTO                                          95828   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    304,000.00                    304,000.00   First Lien                                    -          380,000.00                   76,000.00             380,000.00          380,000.00                   80.00
2503203498         LOS ANGELES                                         91342   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    175,000.00                    175,000.00   First Lien                                    -          175,000.00                           -                      -          468,000.00                   37.39
2503203500         JUPITER                                             33458   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    159,200.00                    159,200.00   First Lien                                    -          199,000.00                   39,800.00             199,000.00          213,000.00                   80.00
2503203510         XXXXXXXX                                            00000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    206,350.00                    206,350.00   First Lien                                    -          206,350.00                           -                      -          290,000.00                   71.16
2503203511         MANTECA                                             95336   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    316,000.00                    316,000.00   First Lien                                    -          375,250.00                   59,250.00             395,000.00          423,000.00                   80.00
2503203518         MIAMI                                               33138   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    386,250.00                    386,250.00   First Lien                                    -          463,500.00                   77,250.00             515,000.00          525,000.00                   75.00
2503203519         SCARBOROUGH                                          4074   ME                       20070301                20370201    FIXED                  No                                          360                    360                          359                    170,000.00                    169,857.18   First Lien                                    -          170,000.00                           -                      -          245,000.00                   69.39
2503203520         SAN BERNARDINO                                      92404   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    259,000.00                    259,000.00   First Lien                                    -          370,000.00                  111,000.00             370,000.00          400,000.00                   70.00
2503203544         MODESTO                                             95351   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    185,000.00                    185,000.00   First Lien                                    -          185,000.00                           -                      -          275,000.00                   67.27
2503203550         THOUSAND OAKS                                       91320   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    675,336.00                    675,336.00   First Lien                                    -          675,336.00                           -             844,171.00          845,000.00                   80.00
2503203570         MIAMI                                               33174   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    280,000.00                    279,775.38   First Lien                                    -          280,000.00                           -                      -          405,000.00                   69.14
2503203577         XXXXXX XXXX                                         00000   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    107,000.00                    107,000.00   First Lien                                    -          107,000.00                           -                      -          360,000.00                   29.72
2503203581         TAMPA                                               33635   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    144,750.00                    144,750.00   First Lien                                    -          183,350.00                   38,600.00             193,000.00          195,000.00                   75.00
2503203585         XXXXXXXXXX                                          00000   CO                       20070301                20370201    ARMS                   No                                          360                    360                          359                    157,500.00                    157,500.00   First Lien                                    -          189,000.00                   31,500.00                      -          210,000.00                   75.00
2503203589         PATERSON                                             7501   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    326,250.00                    326,250.00   First Lien                                    -          413,250.00                   87,000.00                      -          435,000.00                   75.00
2503203591         MIAMI                                               33147   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    168,000.00                    167,879.31   First Lien                                    -          199,500.00                   31,500.00             210,000.00          210,000.00                   80.00
2503203593         XXXXX XXXX XXXXX                                    00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    150,000.00                    150,000.00   First Lien                                    -          150,000.00                           -                      -          250,000.00                   60.00
2503203604         XXXXXXXXXX XXXXX                                    00000   CA                       20070301                20220201    FIXED                  No                                          180                    180                          179                    293,000.00                    291,932.81   First Lien                                    -          293,000.00                           -                      -          625,000.00                   46.88
2503203613         WAIPAHU                                             96797   HI                       20070301                20370201    FIXED                  No                                          360                    360                          359                    412,000.00                    411,618.41   First Lien                                    -          412,000.00                           -                      -          515,000.00                   80.00
2503203618         SAN XXXX                                            95122   CA                       20070301                20220201    FIXED                  No                                          180                    180                          179                    238,000.00                    237,196.85   First Lien                                    -          238,000.00                           -                      -          675,000.00                   35.26
2503203622         KEY XXXXX                                           00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -             975,000.00        1,050,000.00                   51.28
2503203623         RIALTO                                              92376   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    230,000.00                    230,000.00   First Lien                                    -          230,000.00                           -                      -          350,000.00                   65.71
2503203627         KEAAU                                               96749   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    100,000.00                    100,000.00   First Lien                                    -          100,000.00                           -                      -          200,000.00                   50.00
2503203631         MODESTO                                             95351   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    141,000.00                    141,000.00   First Lien                                    -          141,000.00                           -                      -          296,000.00                   47.64
2503203644         XXXXXXXXX                                           89012   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    351,000.00                    351,000.00   First Lien                                    -          351,000.00                           -                      -          390,000.00                   90.00
2503203646         BELLFLOWER                                          90706   CA                       20070301                20370301    FIXED                  Yes                                         360                    480                          359                    439,200.00                    439,016.77   First Lien                                    -          549,000.00                  109,800.00             549,000.00          555,000.00                   80.00
2503203661         XXXX XXXX XXXXX                                     00000   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                     86,000.00                     85,921.12   First Lien                                    -           86,000.00                           -                      -          170,000.00                   50.59
2503203662         HOMESTEAD                                           33033   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    293,850.00                    293,622.59   First Lien                                    -          367,350.00                   73,500.00             367,365.00          390,000.00                   79.99
2503203671         ORLANDO                                             32835   FL                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    280,000.00                    279,904.04   First Lien                                    -          280,000.00                           -                      -          350,000.00                   80.00
2503203680         KISSIMMEE                                           34746   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    208,700.00                    208,700.00   First Lien                                    -          247,900.00                   39,200.00             260,990.00          261,000.00                   79.96
2503203683         DELANO                                              93215   CA                       20070301                20220201    FIXED                  No                                          180                    180                          179                    134,000.00                    133,548.97   First Lien                                    -          134,000.00                           -                      -          267,000.00                   50.19
2503203684         XXXX XXXXXXXXXX                                     00000   MD                       20070401                20370301    FIXED                  No                                          360                    360                          360                    354,000.00                    354,000.00   First Lien                                    -          354,000.00                           -                      -          465,000.00                   76.13
2503203687         JAMAICA                                             11435   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    267,950.00                    267,695.76   First Lien                                    -          334,950.00                   67,000.00             334,960.00          410,000.00                   79.99
2503203689         VIRGINIA BEACH                                      23464   VA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    205,200.00                    205,200.00   First Lien                                    -          205,200.00                           -                      -          228,000.00                   90.00
2503203691         LAS VEGAS                                           89104   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    200,000.00                    200,000.00   First Lien                                    -          237,500.00                   37,500.00                      -          250,000.00                   80.00
2503203708         VAN BUREN TOWNSHIP                                  48111   MI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    315,000.00                    315,000.00   First Lien                                    -          315,000.00                           -             350,000.00          360,000.00                   90.00
2503203719         XXXXXXXXXX                                          00000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    286,500.00                    286,500.00   First Lien                                    -          286,500.00                           -                      -          310,000.00                   92.42
2503203736         SANGER                                              93657   CA                       20070201                20220101    FIXED                  No                                          180                    180                          178                    157,500.00                    156,367.35   First Lien                                    -          157,500.00                           -                      -          265,000.00                   59.43
2503203741         XXXXXXX                                             95948   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    225,000.00                    225,000.00   First Lien                                    -          285,000.00                   60,000.00             300,000.00          300,000.00                   75.00
2503203744         XXXXXXX                                             00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    536,250.00                    536,250.00   First Lien                                    -          715,000.00                  178,750.00             715,000.00          715,000.00                   75.00
0000000000         XXXXXXXX                                            00000   XX                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    195,300.00                    195,235.42   First Lien                                    -          195,300.00                           -                      -          217,000.00                   90.00
2503203775         MIAMI                                               33182   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    379,200.00                    379,200.00   First Lien                                    -          379,200.00                           -             474,000.00          475,000.00                   80.00
2503203779         RENTON                                              98056   WA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    256,000.00                    256,000.00   First Lien                                    -          256,000.00                           -                      -          320,000.00                   80.00
0000000000         XXXXX XXXXX                                         00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    204,000.00                    204,000.00   First Lien                                    -          255,000.00                   51,000.00             255,000.00          255,000.00                   80.00
2503203786         ROSAMOND                                            93560   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    216,000.00                    216,000.00   First Lien                                    -          216,000.00                           -                      -          280,000.00                   77.14
2503203815         CHINO                                               91710   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    405,000.00                    405,000.00   First Lien                                    -          540,000.00                  135,000.00                      -          540,000.00                   75.00
2503203820         TUSTIN                                              92780   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    400,000.00                    400,000.00   First Lien                                    -          400,000.00                           -                      -          850,000.00                   47.06
2503203836         XXXX XXXX                                           00000   WI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    218,700.00                    218,700.00   First Lien                                    -          218,700.00                           -                      -          243,000.00                   90.00
2503203838         SIMI VALLEY                                         93063   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    189,600.00                    189,600.00   First Lien                                    -          213,300.00                   23,700.00             237,000.00          272,000.00                   80.00
2503203839         WAHIAWA                                             96786   HI                       20070301                20370201    FIXED                  No                                          360                    360                          359                    358,000.00                    357,635.00   First Lien                                    -          358,000.00                           -                      -          530,000.00                   67.55
2503203860         XXXXXXX                                             00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    263,200.00                    263,200.00   First Lien                                    -          312,550.00                   49,350.00             329,000.00          335,000.00                   80.00
2503203867         SURPRISE                                            85388   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    185,250.00                    185,250.00   First Lien                                    -          222,300.00                   37,050.00                      -          247,000.00                   75.00
0000000000         HEMPSTEAD                                           11550   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    320,000.00                    319,731.16   First Lien                                    -          400,000.00                   80,000.00             400,000.00          400,000.00                   80.00
0000000000         MIAMI                                               33157   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    182,000.00                    181,868.93   First Lien                                    -          182,000.00                           -                      -          300,000.00                   60.67
2503203935         XXXXXX XXXXX                                        00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    693,000.00                    693,000.00   First Lien                                    -          891,000.00                  198,000.00                      -          990,000.00                   70.00
2503203972         MIAMI                                               33189   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    296,250.00                    296,250.00   First Lien                                    -          355,500.00                   59,250.00                      -          395,000.00                   75.00
2503203986         CHICAGO                                             60621   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    156,000.00                    155,921.63   First Lien                                    -          185,250.00                   29,250.00             195,000.00          208,000.00                   80.00
2503203987         MEMPHIS                                             38135   TN                       20070301                20370201    FIXED                  No                                          360                    360                          359                    151,650.00                    151,650.00   First Lien                                    -          151,650.00                           -             202,240.00          203,000.00                   74.99
2503203992         XXXX                                                62294   IL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    177,750.00                    177,750.00   First Lien                                    -          237,000.00                   59,250.00                      -          260,000.00                   68.37
2503203995         CHICAGO                                             60647   IL                       20070201                20370301    ARMS                   Yes                                         360                    480                          358                    399,000.00                    398,777.19   First Lien                                    -          570,000.00                  171,000.00                      -          570,000.00                   70.00
2503203997         FARMERSVILLE                                        93223   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    202,980.00                    202,980.00   First Lien                                    -          253,725.00                   50,745.00             253,725.00          253,725.00                   80.00
0000000000         HIALEAH                                             33018   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    145,000.00                    144,890.32   First Lien                                    -          145,000.00                           -                      -          220,000.00                   65.91
2503204012         CHICAGO                                             60641   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    332,000.00                    332,000.00   First Lien                                    -          332,000.00                           -                      -          415,000.00                   80.00
2503204027         FREMONT                                             94536   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    521,000.00                    521,000.00   First Lien                                    -          521,000.00                           -                      -          656,000.00                   79.42
2503204041         ASTORIA                                             11103   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    672,000.00                    671,632.94   First Lien                                    -          840,000.00                  168,000.00             840,000.00          840,000.00                   80.00
2503204054         AREA OF AUBURN                                      95603   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    340,000.00                    340,000.00   First Lien                                    -          425,000.00                   85,000.00                      -          537,000.00                   63.31
2503204057         LAGUNA NIGUEL                                       92677   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    350,000.00                    350,000.00   First Lien                                    -          350,000.00                           -                      -        3,950,000.00                    8.86
2503204058         DOWNEY                                              90241   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    540,000.00                    540,000.00   First Lien                                    -          675,000.00                  135,000.00             675,000.00          680,000.00                   80.00
2503204067         GOODYEAR                                            85338   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    200,900.00                    200,900.00   First Lien                                    -          258,300.00                   57,400.00             287,000.00          300,000.00                   70.00
2503204072         LOS ANGELES                                         90026   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    465,000.00                    465,000.00   First Lien                                    -          589,000.00                  124,000.00             620,000.00          620,000.00                   75.00
2503204076         THOUSAND PALMS                                      92276   CA                       20070201                20370101    ARMS                   No                                          360                    360                          358                    405,000.00                    404,999.75   First Lien                                    -          540,000.00                  135,000.00             540,000.00          540,000.00                   75.00
2503204084         LOS ANGELES                                         90012   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    612,000.00                    612,000.00   First Lien                                    -          726,750.00                  114,750.00             765,000.00          790,000.00                   80.00
2503204094         XXXX XXXXX                                          00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -          925,000.00                  175,000.00                      -        1,300,000.00                   57.69
2503204097         XXXXXXXXX XXXX                                      00000   CA                       20070301                20220201    FIXED                  No                                          180                    180                          179                    295,400.00                    294,362.43   First Lien                                    -          295,400.00                           -                      -          422,000.00                   70.00
2503204126         EAST XXXXXXXX                                       00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    637,500.00                    637,500.00   First Lien                                    -          807,500.00                  170,000.00             850,000.00          850,000.00                   75.00
2503204146         XXXXXXXXX                                            7201   NJ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    366,750.00                    366,484.56   First Lien                                    -          464,550.00                   97,800.00             489,000.00          520,000.00                   75.00
0000000000         XXXX XXXXXXXXXX                                     00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    473,200.00                    473,200.00   First Lien                                    -          473,200.00                           -             591,500.00          680,000.00                   80.00
2503204177         WEST XXXXXXXXXX                                     00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    456,000.00                    456,000.00   First Lien                                    -          535,000.00                   79,000.00                      -          570,000.00                   80.00
2503204182         STOCKTON                                            95204   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    130,000.00                    130,000.00   First Lien                                    -          130,000.00                           -                      -          282,900.00                   45.95
0000000000         AURORA                                              60502   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    184,000.00                    183,870.13   First Lien                                    -          230,000.00                   46,000.00             230,000.00          233,000.00                   80.00
2503204197         KING CITY                                           93930   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    396,000.00                    396,000.00   First Lien                                    -          396,000.00                           -                      -          440,000.00                   90.00
2503204209         ROSEVILLE                                           95747   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          620,000.00                   32.26
2503204217         TOMS RIVER                                           8757   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    168,000.00                    168,000.00   First Lien                                    -          199,500.00                   31,500.00             210,000.00          245,000.00                   80.00
2503204220         SANTA XXX                                           92703   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    472,500.00                    472,500.00   First Lien                                    -          630,000.00                  157,500.00             630,000.00          680,000.00                   75.00
2503204223         EL CAJON                                            92019   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    675,000.00                    675,000.00   First Lien                                    -          900,000.00                  225,000.00             900,000.00          900,000.00                   75.00
2503204269         LOS BANOS                                           93635   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    140,000.00                    140,000.00   First Lien                                    -          140,000.00                           -                      -          300,000.00                   46.67
2503204270         XXXXXX XXXXXXX                                      00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    492,000.00                    491,634.86   First Lien                                    -          492,000.00                           -             615,000.00          615,000.00                   80.00
2503204271         LAS VEGAS                                           89146   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    259,200.00                    259,200.00   First Lien                                    -          324,000.00                   64,800.00             324,000.00          336,400.00                   80.00
0000000000         EWA BEACH                                           96706   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    556,000.00                    556,000.00   First Lien                                    -          625,500.00                   69,500.00                      -          695,000.00                   80.00
2503204285         OZONE PARK                                          11416   NY                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    560,000.00                    559,827.60   First Lien                                    -          700,000.00                  140,000.00             700,000.00          700,000.00                   80.00
2503204289         SUNNYVALE                                           94085   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    669,750.00                    669,750.00   First Lien                                    -          893,000.00                  223,250.00             940,000.00          940,000.00                   71.25
2503204293         XXXXXXX                                             93906   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    450,000.00                    450,000.00   First Lien                                    -          450,000.00                           -                      -          601,000.00                   74.88
2503204294         PABLO                                               94806   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    110,000.00                    109,907.59   First Lien                                    -          110,000.00                           -                      -          463,000.00                   23.76
2503204308         KISSIMMEE                                           34746   FL                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    398,400.00                    398,262.85   First Lien                                    -          473,000.00                   74,600.00                      -          498,000.00                   80.00
2503204346         XXXX XXXXXXXXXX                                     00000   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    381,200.00                    381,200.00   First Lien                                    -          381,200.00                           -             476,500.00          650,000.00                   80.00
2503204360         GARDENA                                             90249   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    459,000.00                    459,000.00   First Lien                                    -          459,000.00                           -                      -          540,000.00                   85.00
2503204367         SANTA XXXXXXX                                       93108   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                  1,000,000.00                  1,000,000.00   First Lien                                    -        1,000,000.00                           -                      -        1,800,000.00                   55.56
0000000000         MISSION VIEJO                                       92692   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    990,000.00                    990,000.00   First Lien                                    -          990,000.00                           -                      -        1,800,000.00                   55.00
2503204386         XXXXXX XXXXXXX                                      00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    492,000.00                    491,634.86   First Lien                                    -          492,000.00                           -             615,000.00          615,000.00                   80.00
2503204388         SURPRISE                                            85388   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    168,543.00                    168,543.00   First Lien                                    -          213,488.00                   44,945.00             224,725.00          255,500.00                   75.00
2503204393         NAPLES                                              34117   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    285,000.00                    285,000.00   First Lien                                    -          380,000.00                   95,000.00             380,000.00          407,000.00                   75.00
2503204403         EWA BEACH                                           96706   HI                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    371,000.00                    370,819.94   First Lien                                    -          371,000.00                           -                      -          545,000.00                   68.07
0000000000         COLTON                                              92324   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    320,000.00                    320,000.00   First Lien                                    -          400,000.00                   80,000.00             400,000.00          410,000.00                   80.00
2503204414         XXXXXXX                                             00000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    360,000.00                    359,732.83   First Lien                                    -          360,000.00                           -                      -          450,000.00                   80.00
2503204437         XXXXXXX                                             93960   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    410,000.00                    410,000.00   First Lien                                    -          410,000.00                           -                      -          549,000.00                   74.68
2503204438         HOMESTEAD                                           33032   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    390,000.00                    390,000.00   First Lien                                    -          520,000.00                  130,000.00             520,000.00          520,000.00                   75.00
2503204443         VALLEY STREAM                                       11580   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    488,400.00                    488,400.00   First Lien                                    -          610,500.00                  122,100.00             610,500.00          620,000.00                   80.00
2503204477         MESA                                                85206   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    114,000.00                    113,886.51   First Lien                                    -          114,000.00                           -                      -          205,000.00                   55.61
2503204478         KAUNAKAKAI                                          96748   HI                       20070201                20370101    ARMS                   No                                          360                    360                          358                    350,300.00                    350,300.00   First Lien                                    -          437,900.00                   87,600.00             437,900.00          437,900.00                   80.00
2503204488         MIAMI                                               33142   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    105,000.00                    105,000.00   First Lien                                    -          140,000.00                   35,000.00             140,000.00          140,000.00                   75.00
2503204502         KEIZER                                              97303   OR                       20070301                20370201    FIXED                  No                                          360                    360                          359                    162,400.00                    162,247.35   First Lien                                    -          162,400.00                           -                      -          203,000.00                   80.00
2503204503         XXXXXXXXX                                           00000   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    377,600.00                    377,600.00   First Lien                                    -          472,000.00                   94,400.00             472,000.00          485,000.00                   80.00
2503204517         XXXXXXXXXX                                          00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    680,000.00                    680,000.00   First Lien                                    -          807,500.00                  127,500.00                      -          850,000.00                   80.00
2503204518         BRONX                                               10472   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    405,000.00                    405,000.00   First Lien                                    -          513,000.00                  108,000.00                      -          540,000.00                   75.00
2503204533         SAN DIEGO                                           92109   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    296,400.00                    296,400.00   First Lien                                    -          382,456.00                   86,056.00                      -          425,000.00                   69.74
2503204539         CATHEDRAL CITY                                      92234   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    268,000.00                    268,000.00   First Lien                                    -          335,000.00                   67,000.00             335,000.00          335,000.00                   80.00
2503204543         HAYWARD                                             94541   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    412,000.00                    412,000.00   First Lien                                    -          515,000.00                  103,000.00             515,000.00          515,000.00                   80.00
2503204550         STOCKTON                                            95205   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    224,000.00                    223,805.25   First Lien                                    -          224,000.00                           -                      -          280,000.00                   80.00
2503204575         RIVERSIDE                                           92508   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    285,600.00                    285,600.00   First Lien                                    -          357,000.00                   71,400.00             357,000.00          362,000.00                   80.00
2503204592         SAN PABLO                                           94806   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    362,400.00                    362,400.00   First Lien                                    -          453,000.00                   90,600.00             453,000.00          460,000.00                   80.00
2503204593         LOS ANGELES                                         90062   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    480,000.00                    480,000.00   First Lien                                    -          480,000.00                           -                      -          577,000.00                   83.19
2503204613         CORONA                                              11368   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    727,500.00                    727,500.00   First Lien                                    -          970,000.00                  242,500.00             970,000.00          970,000.00                   75.00
2503204624         XXXXXXX                                             19938   DE                       20070301                20370201    ARMS                   No                                          360                    360                          359                    244,650.00                    244,650.00   First Lien                                    -          326,200.00                   81,550.00             326,215.00          340,000.00                   75.00
2503204634         SOUTH OZONE PARK                                    11420   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    513,750.00                    513,750.00   First Lien                                    -          650,750.00                  137,000.00                      -          685,000.00                   75.00
2503204643         COLLEGE PARK                                        30349   GA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    115,867.00                    115,867.00   First Lien                                    -          139,041.00                   23,174.00             154,490.00          165,000.00                   75.00
2503204653         ROSELLE                                             60172   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    128,000.00                    128,000.00   First Lien                                    -          128,000.00                           -             160,000.00          160,000.00                   80.00
2503204662         LONG BEACH                                          90810   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    260,000.00                    260,000.00   First Lien                                    -          260,000.00                           -                      -          438,000.00                   59.36
2503204664         WASCO                                               93280   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    102,500.00                    102,500.00   First Lien                                    -          102,500.00                           -                      -          195,000.00                   52.56
2503204673         XXXXXXXX                                            00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    295,000.00                    295,000.00   First Lien                                    -          295,000.00                           -                      -          425,000.00                   69.41
2503204675         XXXXXXX                                             00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          439,000.00                   68.34
2503204681         SANTA XXX                                           92704   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    457,500.00                    457,500.00   First Lien                                    -          569,250.00                  111,750.00                      -          610,000.00                   75.00
0000000000         XXXXXX PLACE                                        11764   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    311,250.00                    311,250.00   First Lien                                    -          373,500.00                   62,250.00                      -          415,000.00                   75.00
2503204693         BLYTHE                                              92225   CA                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    108,800.00                    108,762.72   First Lien                                    -          108,800.00                           -                      -          128,000.00                   85.00
2503204696         HONOKAA                                             96727   HI                       20070301                20370201    FIXED                  No                                          360                    360                          359                    365,950.00                    365,539.94   First Lien                                    -          365,950.00                           -                      -          558,000.00                   65.58
0000000000         PHOENIX                                             85007   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    432,000.00                    431,618.86   First Lien                                    -          540,000.00                  108,000.00             540,000.00          540,000.00                   80.00
2503204708         KISSIMMEE                                           34758   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    189,900.00                    189,900.00   First Lien                                    -          257,700.00                   67,800.00             271,300.00          273,000.00                   70.00
0000000000         EWA BEACH                                           96706   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    346,400.00                    346,400.00   First Lien                                    -          346,400.00                           -                      -          433,000.00                   80.00
2503204726         HOLLYWOOD                                           33020   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    272,000.00                    272,000.00   First Lien                                    -          272,000.00                           -                      -          340,000.00                   80.00
2503204743         JACKSONVILLE                                        32209   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                     70,250.00                     70,250.00   First Lien                                    -           94,000.00                   23,750.00                      -           99,000.00                   70.96
2503204745         GREENFIELD                                          93927   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    266,400.00                    266,400.00   First Lien                                    -          333,000.00                   66,600.00             333,000.00          335,000.00                   80.00
2503204752         SAN XXXX                                            95117   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    568,000.00                    568,000.00   First Lien                                    -          568,000.00                           -                      -          710,000.00                   80.00
2503204755         CHICAGO                                             60623   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    231,000.00                    231,000.00   First Lien                                    -          231,000.00                           -                      -          330,000.00                   70.00
2503204758         LA XXXXXX AREA                                      91746   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    547,500.00                    547,500.00   First Lien                                    -          730,000.00                  182,500.00                      -          730,000.00                   75.00
2503204759         DOWNEY                                              90240   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    588,000.00                    588,000.00   First Lien                                    -          735,000.00                  147,000.00             735,000.00          770,000.00                   80.00
0000000000         KAHULUI                                             96732   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    520,000.00                    520,000.00   First Lien                                    -          650,000.00                  130,000.00                      -          650,000.00                   80.00
2503204767         LOS ANGELES                                         90044   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    380,000.00                    380,000.00   First Lien                                    -          380,000.00                           -                      -          475,000.00                   80.00
2503204772         CHICAGO                                             60639   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    225,000.00                    224,820.07   First Lien                                    -          285,000.00                   60,000.00                      -          300,000.00                   75.00
2503204774         WESTON                                              33327   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    355,000.00                    355,000.00   First Lien                                    -          355,000.00                           -             710,000.00          710,000.00                   50.00
2503204775         CLOVIS                                              93611   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    412,000.00                    412,000.00   First Lien                                    -          515,000.00                  103,000.00             515,000.00          587,500.00                   80.00
2503204792         XXXXXX                                              00000   XX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    279,000.00                    279,000.00   First Lien                                    -          353,400.00                   74,400.00                      -          372,000.00                   75.00
2503204793         LITTLE ELM                                          75068   TX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    121,093.00                    120,983.53   First Lien                                    -          164,341.00                   43,248.00             172,990.00          178,000.00                   70.00
2503204798         LOXAHATCHEE                                         33470   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    187,425.00                    187,425.00   First Lien                                    -          249,875.00                   62,450.00             249,900.00          250,000.00                   75.00
2503204800         SAN DIEGO                                           92111   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    274,500.00                    274,500.00   First Lien                                    -          274,500.00                           -             305,000.00          305,000.00                   90.00
2503204810         AVENTURA                                            33180   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    240,000.00                    240,000.00   First Lien                                    -          300,000.00                   60,000.00             300,000.00          300,000.00                   80.00
2503204814         LAS VEGAS                                           89139   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    251,250.00                    251,250.00   First Lien                                    -          318,250.00                   67,000.00                      -          335,000.00                   75.00
2503204816         XXXXXX CITY                                         33844   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    115,100.00                    115,026.60   First Lien                                    -          115,100.00                           -                      -          153,500.00                   74.98
0000000000         XXXX XXXX XXXXX                                     00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    126,742.00                    126,742.00   First Lien                                    -          160,540.00                   33,798.00             168,990.00          176,000.00                   75.00
2503204821         CORAL SPRINGS                                       33065   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    136,000.00                    136,000.00   First Lien                                    -          136,000.00                           -                      -          170,000.00                   80.00
2503204828         VALLEY OF ENCHANTMENT                               92325   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    133,000.00                    133,000.00   First Lien                                    -          171,000.00                   38,000.00                      -          190,000.00                   70.00
2503204830         CHICAGO                                             60623   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    252,000.00                    252,000.00   First Lien                                    -          288,000.00                   36,000.00                      -          360,000.00                   70.00
2503204832         ROYAL PALM BEACH                                    33411   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    179,920.00                    179,920.00   First Lien                                    -          224,900.00                   44,980.00             224,900.00          225,000.00                   80.00
2503204835         CHICAGO                                             60641   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    289,450.00                    289,450.00   First Lien                                    -          392,800.00                  103,350.00             413,500.00          414,000.00                   70.00
2503204844         CHICAGO                                             60624   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    280,000.00                    280,000.00   First Lien                                    -          318,000.00                   38,000.00                      -          400,000.00                   70.00
2503204845         ROMEOVILLE                                          60446   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    187,500.00                    187,500.00   First Lien                                    -          212,500.00                   25,000.00                      -          250,000.00                   75.00
2503204847         MADERA                                              93637   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    267,336.00                    267,336.00   First Lien                                    -          334,170.00                   66,834.00             334,170.00          336,000.00                   80.00
2503204850         CHINO                                               91710   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    393,750.00                    393,750.00   First Lien                                    -          393,750.00                           -                      -          525,000.00                   75.00
2503204852         XXXXXXXXXX                                          00000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    398,750.00                    398,750.00   First Lien                                    -          498,750.00                  100,000.00                      -          665,000.00                   59.96
2503204858         PAHOA                                               96778   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    182,400.00                    182,400.00   First Lien                                    -          228,000.00                   45,600.00             228,000.00          228,000.00                   80.00
2503204859         XXXXX XXXXX XXXXX                                   00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    568,800.00                    568,800.00   First Lien                                    -          568,800.00                           -             711,000.00          720,000.00                   80.00
2503204860         MINNEAPOLIS                                         55411   MN                       20070301                20370201    ARMS                   No                                          360                    360                          359                    148,100.00                    148,100.00   First Lien                                    -          179,800.00                   31,700.00                      -          200,000.00                   74.05
2503204869         LOS ANGELES (MISSION HILL                           91345   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    337,500.00                    337,500.00   First Lien                                    -          427,500.00                   90,000.00                      -          450,000.00                   75.00
2503204876         MEDFORD                                             97501   OR                       20070301                20370201    FIXED                  No                                          360                    360                          359                    154,500.00                    154,500.00   First Lien                                    -          195,700.00                   41,200.00             206,000.00          206,000.00                   75.00
2503204880         XXX XXXX XXXXXX                                     00000   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    452,000.00                    452,000.00   First Lien                                    -          452,000.00                           -                      -          565,000.00                   80.00
0000000000         (XXXXXXXXXX XXXX) LOS ANG                           91325   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    605,200.00                    605,200.00   First Lien                                    -          756,500.00                  151,300.00             756,500.00          770,000.00                   80.00
2503204900         WOODLAND                                            95776   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    387,650.00                    387,650.00   First Lien                                    -          484,550.00                   96,900.00             484,605.00          484,605.00                   79.99
0000000000         XXXXXX VALLEY                                       92555   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    262,400.00                    262,400.00   First Lien                                    -          328,000.00                   65,600.00             328,000.00          408,000.00                   80.00
2503204904         SUSANVILLE                                          96130   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    111,000.00                    110,925.37   First Lien                                    -          111,000.00                           -                      -          148,000.00                   75.00
2503204912         STOCKTON                                            95210   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    268,000.00                    268,000.00   First Lien                                    -          268,000.00                           -                      -          400,000.00                   67.00
2503204917         XXXXX XXXXXXX                                       00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    143,900.00                    143,811.93   First Lien                                    -          179,900.00                   36,000.00             179,900.00          180,000.00                   79.99
2503204922         KAILUA-KONA                                         96740   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                  1,512,500.00                  1,512,500.00   First Lien                                    -        1,512,500.00                           -                      -        2,300,000.00                   65.76
2503204939         WHEELING                                            60090   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    299,900.00                    299,900.00   First Lien                                    -          374,900.00                   75,000.00             375,000.00          375,000.00                   79.97
2503204950         BRIDGEWATER                                          8807   NJ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    622,500.00                    622,076.35   First Lien                                    -          830,000.00                  207,500.00             830,000.00          830,000.00                   75.00
0000000000         BRONX                                               10470   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    384,000.00                    384,000.00   First Lien                                    -          456,000.00                   72,000.00             480,000.00          480,000.00                   80.00
2503204954         LAKE WORTH                                          33463   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    198,750.00                    198,750.00   First Lien                                    -          251,750.00                   53,000.00             265,000.00          278,000.00                   75.00
2503204957         HOMESTEAD                                           33033   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    278,400.00                    278,400.00   First Lien                                    -          348,000.00                   69,600.00             348,061.00          353,065.00                   79.99
2503204977         BELVIDERE                                           61008   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    157,500.00                    157,500.00   First Lien                                    -          213,750.00                   56,250.00             225,000.00          225,000.00                   70.00
2503204979         XXXXX XXXXX                                         92886   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    665,000.00                    665,000.00   First Lien                                    -          665,000.00                           -                      -          950,000.00                   70.00
2503204983         FULLERTON                                           92831   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    448,000.00                    448,000.00   First Lien                                    -          544,000.00                   96,000.00                      -          640,000.00                   70.00
2503204998         CHICAGO                                             60610   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    377,000.00                    377,000.00   First Lien                                    -          377,000.00                           -                      -          507,000.00                   74.36
2503204999         PARK RIDGE                                          60068   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    683,550.00                    683,550.00   First Lien                                    -          683,550.00                           -                      -        1,250,000.00                   54.68
2503205002         XXXXXXXX                                            00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    390,000.00                    390,000.00   First Lien                                    -          390,000.00                           -                      -          520,000.00                   75.00
2503205011         NEW XXXXX                                           00000   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    180,000.00                    179,866.41   First Lien                                    -          180,000.00                           -                      -          225,000.00                   80.00
0000000000         XXXXXXXXX                                            7201   NJ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    337,500.00                    337,500.00   First Lien                                    -          405,000.00                   67,500.00             450,000.00          450,000.00                   75.00
2503205028         SAN DIEGO                                           92120   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    188,910.00                    188,910.00   First Lien                                    -          188,910.00                           -             209,900.00          209,900.00                   90.00
2503205030         TAMPA                                               33603   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    176,000.00                    176,000.00   First Lien                                    -          198,000.00                   22,000.00             220,000.00          220,000.00                   80.00
0000000000         XXXXXXX                                             00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    194,000.00                    194,000.00   First Lien                                    -          194,000.00                           -                      -          230,000.00                   84.35
2503205054         FREMONT                                             94538   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    519,200.00                    518,673.07   First Lien                                    -          519,200.00                           -             649,000.00          660,000.00                   80.00
2503205057         XXXXXX                                              30519   GA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    325,500.00                    325,500.00   First Lien                                    -          465,000.00                  139,500.00             465,000.00          465,000.00                   70.00
2503205092         LOS BANOS                                           93635   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    288,000.00                    288,000.00   First Lien                                    -          360,000.00                   72,000.00                      -          360,000.00                   80.00
2503205096         DENVER                                              80205   CO                       20070301                20370201    ARMS                   No                                          360                    360                          359                    450,300.00                    450,300.00   First Lien                                    -          450,300.00                           -             474,000.00          474,000.00                   95.00
2503205101         XXXXXXXX XXXXX                                      00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    247,500.00                    247,500.00   First Lien                                    -          313,500.00                   66,000.00                      -          330,000.00                   75.00
2503205103         HAYWARD                                             94545   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    480,000.00                    480,000.00   First Lien                                    -          480,000.00                           -                      -          600,000.00                   80.00
0000000000         HOLLYWOOD                                           33021   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    152,150.00                    152,150.00   First Lien                                    -          202,850.00                   50,700.00             202,900.00          215,000.00                   74.99
2503205114         STUART                                              34997   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    959,500.00                    959,500.00   First Lien                                    -          959,500.00                           -                      -        1,424,000.00                   67.38
0000000000         CHICAGO                                             60660   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    290,000.00                    289,805.02   First Lien                                    -          290,000.00                           -                      -          580,000.00                   50.00
2503205133         XXXXXX                                              84020   UT                       20070301                20370201    ARMS                   No                                          360                    360                          359                    412,500.00                    412,500.00   First Lien                                    -          522,500.00                  110,000.00             550,000.00          600,000.00                   75.00
2503205136         MODESTO                                             95350   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    290,000.00                    290,000.00   First Lien                                    -          290,000.00                           -                      -          375,500.00                   77.23
2503205148         KISSIMMEE                                           34743   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    266,400.00                    266,400.00   First Lien                                    -          266,400.00                           -                      -          296,000.00                   90.00
2503205153         ESTERO                                              33928   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    311,250.00                    310,937.17   First Lien                                    -          415,000.00                  103,750.00             415,000.00          430,000.00                   75.00
2503205156         MIAMI                                               33193   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    312,000.00                    312,000.00   First Lien                                    -          390,000.00                   78,000.00             390,000.00          400,000.00                   80.00
2503205159         HIALEAH                                             33012   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    131,250.00                    131,250.00   First Lien                                    -          175,000.00                   43,750.00                      -          175,000.00                   75.00
2503205185         MIAMI                                               33165   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    355,200.00                    355,200.00   First Lien                                    -          444,000.00                   88,800.00             444,000.00          444,000.00                   80.00
2503205186         XXXXXXX                                             93906   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    559,200.00                    558,616.16   First Lien                                    -          559,200.00                           -             699,000.00          740,000.00                   80.00
2503205190         ANTIOCH                                             94509   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    540,000.00                    540,000.00   First Lien                                    -          540,000.00                           -                      -          700,000.00                   77.14
2503205200         LEHIGH ACRES                                        33936   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    113,600.00                    113,600.00   First Lien                                    -          134,935.00                   21,335.00             142,037.00          149,000.00                   79.98
2503205204         JAMAICA                                             11429   NY                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    440,000.00                    439,877.56   First Lien                                    -          550,000.00                  110,000.00             550,000.00          550,000.00                   80.00
2503205219         HERCULES                                            94547   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    341,250.00                    341,250.00   First Lien                                    -          341,250.00                           -                      -          525,000.00                   65.00
2503205238         MESA                                                85215   AZ                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    204,250.00                    204,171.09   First Lien                                    -          204,250.00                           -                      -          215,000.00                   95.00
2503205263         MIAMI                                               33175   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    300,000.00                    300,000.00   First Lien                                    -          375,000.00                   75,000.00             375,000.00          455,000.00                   80.00
2503205300         ALEXANDRIA                                          22310   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    307,500.00                    307,500.00   First Lien                                    -          610,000.00                  302,500.00                      -          610,000.00                   50.41
0000000000         CHICAGO                                             60609   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    211,500.00                    211,500.00   First Lien                                    -          267,900.00                   56,400.00             286,868.00          284,000.00                   74.47
2503205321         HESPERIA                                            92345   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    293,000.00                    293,000.00   First Lien                                    -          293,000.00                           -                      -          400,000.00                   73.25
0000000000         SACRAMENTO                                          95815   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    168,000.00                    168,000.00   First Lien                                    -          210,000.00                   42,000.00             210,000.00          212,000.00                   80.00
2503205344         XXXX XXXX XXXXX                                     00000   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    134,400.00                    134,400.00   First Lien                                    -          134,400.00                           -             168,000.00          168,000.00                   80.00
2503205356         XXXXXXXXXXX XXXX                                    00000   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    236,000.00                    236,000.00   First Lien                                    -          236,000.00                           -                      -          295,000.00                   80.00
2503205366         HAYWARD                                             94544   CA                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    446,250.00                    446,027.74   First Lien                                    -          446,250.00                           -                      -          595,000.00                   75.00
2503205372         GREEN VALLEY                                        85614   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    115,000.00                    115,000.00   First Lien                                    -          115,000.00                           -                      -          169,000.00                   68.05
2503205375         SAN XXXX                                            95111   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    544,000.00                    544,000.00   First Lien                                    -          544,000.00                           -                      -          680,000.00                   80.00
2503205386         STOCKTON                                            95205   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    178,000.00                    178,000.00   First Lien                                    -          178,000.00                           -                      -          260,000.00                   68.46
2503205390         RIVERSIDE                                           92503   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    336,000.00                    336,000.00   First Lien                                    -          420,000.00                   84,000.00             420,000.00          420,000.00                   80.00
2503205395         SUNNYVALE                                           94086   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    615,000.00                    615,000.00   First Lien                                    -          615,000.00                           -                      -          820,000.00                   75.00
2503205399         TOPAZ                                               96133   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    204,000.00                    204,000.00   First Lien                                    -          204,000.00                           -                      -          310,000.00                   65.81
2503205402         XXXXXX XXXXX XXXXX                                  00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    230,300.00                    230,300.00   First Lien                                    -          230,300.00                           -             287,910.00          288,000.00                   79.99
2503205403         MERIDIAN                                            83642   ID                       20070301                20370201    ARMS                   No                                          360                    360                          359                    366,400.00                    366,400.00   First Lien                                    -          435,100.00                   68,700.00             458,000.00          510,000.00                   80.00
2503205404         XXXXXX XXXXXXX                                      00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    492,000.00                    491,625.63   First Lien                                    -          492,000.00                           -             615,000.00          615,000.00                   80.00
2503205408         CORAL GABLES                                        33134   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    510,000.00                    510,000.00   First Lien                                    -          680,000.00                  170,000.00             680,000.00          682,000.00                   75.00
0000000000         ANTIOCH                                             94509   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    440,000.00                    440,000.00   First Lien                                    -          440,000.00                           -                      -          680,000.00                   64.71
2503205419         XXXXXXX                                             93648   CA                       20070401                20220301    FIXED                  No                                          180                    180                          180                    120,000.00                    120,000.00   First Lien                                    -          120,000.00                           -                      -          250,000.00                   48.00
2503205424         XXXXXXXXXXXX                                        00000   XX                       20070401                20370301    FIXED                  No                                          360                    360                          360                    128,000.00                    128,000.00   First Lien                                    -          160,000.00                   32,000.00                      -          160,000.00                   80.00
2503205427         BAKERSFIELD                                         93304   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    150,179.00                    150,179.00   First Lien                                    -          187,723.00                   37,544.00             187,724.00          243,500.00                   80.00
2503205449         LOS ANGELES (ENCINO AREA)                           91436   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    200,000.00                    199,800.90   First Lien                                    -          200,000.00                           -                      -          770,000.00                   25.97
0000000000         GALT                                                95632   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    280,000.00                    280,000.00   First Lien                                    -          350,000.00                   70,000.00             350,000.00          350,000.00                   80.00
2503205458         DESERT HOT SPRINGS                                  92240   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    223,200.00                    223,200.00   First Lien                                    -          279,000.00                   55,800.00             279,000.00          290,000.00                   80.00
2503205461         BAKERSFIELD                                         93307   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    221,250.00                    221,250.00   First Lien                                    -          295,000.00                   73,750.00             295,000.00          295,000.00                   75.00
2503205468         XXXXXXX                                             00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    110,400.00                    110,400.00   First Lien                                    -          131,100.00                   20,700.00                      -          138,000.00                   80.00
2503205469         CHICAGO                                             60639   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    360,000.00                    360,000.00   First Lien                                    -          480,000.00                  120,000.00             480,000.00          480,000.00                   75.00
2503205482         LAHAINA                                             96761   HI                       20070301                20370301    ARMS                   Yes                                         360                    480                          359                    448,000.00                    447,811.80   First Lien                                    -          448,000.00                           -                      -          591,000.00                   75.80
2503205484         KEAAU                                               96749   HI                       20070301                20370201    FIXED                  No                                          360                    360                          359                    231,350.00                    231,125.14   First Lien                                    -          231,350.00                           -                      -          333,500.00                   69.37
2503205485         HILO                                                96720   HI                       20070301                20370201    FIXED                  No                                          360                    360                          359                    180,000.00                    179,825.05   First Lien                                    -          180,000.00                           -                      -          450,000.00                   40.00
2503205490         EAST ORANGE                                          7018   NJ                       20070401                20370301    FIXED                  No                                          360                    360                          360                    240,000.00                    240,000.00   First Lien                                    -          240,000.00                           -                      -          332,000.00                   72.29
2503205492         BROOKLYN                                            11213   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    429,300.00                    429,300.00   First Lien                                    -          572,400.00                  143,100.00             572,400.00          600,000.00                   75.00
0000000000         JAMAICA                                             11436   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    585,100.00                    585,100.00   First Lien                                    -          731,350.00                  146,250.00             731,400.00          735,000.00                   80.00
2503205528         MIAMI                                               33015   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    332,000.00                    332,000.00   First Lien                                    -          415,000.00                   83,000.00             415,000.00          415,000.00                   80.00
0000000000         DESTIN                                              32541   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    272,000.00                    272,000.00   First Lien                                    -          340,000.00                   68,000.00             340,000.00          340,000.00                   80.00
2503205539         RIVERSIDE                                           92507   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    221,200.00                    221,200.00   First Lien                                    -          221,200.00                           -                      -          295,000.00                   74.98
2503205544         HONOLULU                                            96819   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -        1,030,000.00                  280,000.00           1,030,000.00        1,030,000.00                   72.82
2503205555         RANCHO CUCAMONGA                                    91730   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    404,000.00                    404,000.00   First Lien                                    -          404,000.00                           -                      -          505,000.00                   80.00
2503205556         XXXX XXXXX                                          00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    192,675.00                    192,675.00   First Lien                                    -          256,900.00                   64,225.00             256,900.00          261,000.00                   75.00
2503205562         YUBA CITY                                           95993   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    272,000.00                    272,000.00   First Lien                                    -          340,000.00                   68,000.00                      -          340,000.00                   80.00
2503205574         MESA                                                85208   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    200,000.00                    200,000.00   First Lien                                    -          250,000.00                   50,000.00             250,000.00          250,000.00                   80.00
2503205584         AMERICAN CANYON                                     94503   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    528,000.00                    528,000.00   First Lien                                    -          528,000.00                           -                      -          660,000.00                   80.00
2503205585         ENUMCLAW                                            98022   WA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    487,500.00                    487,500.00   First Lien                                    -          585,000.00                   97,500.00             650,000.00          660,000.00                   75.00
2503205591         PORTLAND                                            97220   OR                       20070301                20370201    FIXED                  No                                          360                    360                          359                    205,000.00                    205,000.00   First Lien                                    -          205,000.00                           -                      -          243,000.00                   84.36
2503205597         ALBUQUERQUE                                         87112   NM                       20070301                20370201    FIXED                  No                                          360                    360                          359                    158,000.00                    157,880.37   First Lien                                    -          197,500.00                   39,500.00             197,500.00          203,000.00                   80.00
0000000000         XXXXXXXX                                            00000   XX                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    385,000.00                    384,819.41   First Lien                                    -          385,000.00                           -                      -          540,000.00                   71.30
2503205604         WOODBRIDGE                                          22192   VA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    324,000.00                    324,000.00   First Lien                                    -          405,000.00                   81,000.00             405,000.00          411,000.00                   80.00
2503205618         LOS ANGELES (ENCINO AREA)                           91316   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    616,000.00                    616,000.00   First Lien                                    -          731,500.00                  115,500.00                      -          775,000.00                   79.48
2503205631         RIALTO                                              92376   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    321,600.00                    321,600.00   First Lien                                    -          402,000.00                   80,400.00             402,000.00          402,000.00                   80.00
2503205641         XXXXX XXXXX                                         00000   CA                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    271,000.00                    270,854.41   First Lien                                    -          271,000.00                           -                      -          600,000.00                   45.17
2503205666         SAN DIEGO                                           92101   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    328,150.00                    328,150.00   First Lien                                    -          437,530.00                  109,380.00             437,538.00          500,000.00                   75.00
2503205669         FORT XXXXX                                          95437   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    412,500.00                    412,500.00   First Lien                                    -          467,500.00                   55,000.00                      -          550,000.00                   75.00
2503205680         XXXXXX HILL                                         95037   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    355,000.00                    355,000.00   First Lien                                    -          355,000.00                           -                      -          610,000.00                   58.20
2503205687         HENDERSON                                           89011   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -        1,034,750.00                  284,750.00           1,034,754.00        1,035,000.00                   72.48
2503205688         XXXXXXXX                                            00000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    216,850.00                    216,628.07   First Lien                                    -          216,850.00                           -                      -          390,000.00                   55.60
2503205691         WINTER PARK                                         32792   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    288,500.00                    288,500.00   First Lien                                    -          365,500.00                   77,000.00                      -          385,000.00                   74.94
2503205704         SAN XXXXXX                                          94901   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    450,000.00                    450,000.00   First Lien                                    -          450,000.00                           -                      -          695,000.00                   64.75
2503205705         LINDSAY                                             93247   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    384,000.00                    384,000.00   First Lien                                    -          480,000.00                   96,000.00             480,000.00          480,000.00                   80.00
2503205708         HAYWARD                                             94542   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    505,000.00                    505,000.00   First Lien                                    -          505,000.00                           -                      -          935,000.00                   54.01
2503205717         CHICAGO                                             60609   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                     71,000.00                     71,000.00   First Lien                                    -           71,000.00                           -                      -          275,000.00                   25.82
2503205719         HANFORD                                             93230   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    187,000.00                    187,000.00   First Lien                                    -          187,000.00                           -                      -          227,000.00                   82.38
2503205724         SAINT XXXX                                          55119   MN                       20070301                20370201    ARMS                   No                                          360                    360                          359                    170,250.00                    170,250.00   First Lien                                    -          215,650.00                   45,400.00             227,000.00          227,000.00                   75.00
2503205748         XXXXXX HILL                                         95037   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    400,000.00                    400,000.00   First Lien                                    -          500,000.00                  100,000.00                      -          500,000.00                   80.00
2503205752         DETROIT                                             48202   MI                       20070401                20370301    ARMS                   No                                          360                    360                          360                     81,000.00                     81,000.00   First Lien                                    -           81,000.00                           -                      -           90,000.00                   90.00
2503205759         XXXXXXXX                                            00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    364,000.00                    364,000.00   First Lien                                    -          455,000.00                   91,000.00             455,000.00          480,000.00                   80.00
2503205772         XXXXXXX                                             00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    136,000.00                    135,904.59   First Lien                                    -          170,000.00                   34,000.00             170,000.00          170,000.00                   80.00
2503205775         LOS ANGELES                                         90047   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    400,000.00                    400,000.00   First Lien                                    -          445,000.00                   45,000.00                      -          500,000.00                   80.00
2503205776         SANTA XXX                                           92703   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    590,000.00                    589,492.02   First Lien                                    -          590,000.00                           -                      -        1,050,000.00                   56.19
2503205787         GARDENA                                             90247   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    393,750.00                    393,750.00   First Lien                                    -          498,750.00                  105,000.00                      -          525,000.00                   75.00
2503205795         SAN LEANDRO                                         94577   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    520,000.00                    520,000.00   First Lien                                    -          650,000.00                  130,000.00             650,000.00          650,000.00                   80.00
2503205796         ARIZONA CITY                                        85223   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    133,000.00                    133,000.00   First Lien                                    -          133,000.00                           -                      -          179,900.00                   73.93
2503205800         AGOURA HILLS                                        91301   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                  1,097,050.00                  1,096,082.10   First Lien                                    -        1,097,050.00                           -                      -        2,150,000.00                   51.03
2503205807         FRESNO                                              93727   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                     70,000.00                     69,939.14   First Lien                                    -           70,000.00                           -                      -          264,000.00                   26.52
2503205816         SANTA XXX                                           92701   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    612,500.00                    612,500.00   First Lien                                    -          831,250.00                  218,750.00             875,000.00          900,000.00                   70.00
2503205823         HAYWARD                                             94544   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    535,000.00                    535,000.00   First Lien                                    -          535,000.00                           -                      -          925,000.00                   57.84
2503205829         RIVERSIDE                                           92503   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    348,000.00                    348,000.00   First Lien                                    -          413,250.00                   65,250.00                      -          435,000.00                   80.00
2503205839         HONOLULU                                            96821   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    727,500.00                    727,500.00   First Lien                                    -          970,000.00                  242,500.00                      -          970,000.00                   75.00
2503205840         AREA OF JAMESTOWN                                   95327   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    403,000.00                    403,000.00   First Lien                                    -          453,000.00                   50,000.00                      -          650,000.00                   62.00
2503205844         FRESNO                                              93701   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    116,400.00                    116,294.57   First Lien                                    -          116,400.00                           -                      -          194,000.00                   60.00
2503205860         XXXXXXXX XXXXX                                      00000   FL                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    256,000.00                    255,887.90   First Lien                                    -          256,000.00                           -                      -          356,000.00                   71.91
2503205863         BRIGHTON                                            80601   CO                       20070301                20370201    ARMS                   No                                          360                    360                          359                    146,700.00                    146,560.80   First Lien                                    -          195,600.00                   48,900.00             195,600.00          203,000.00                   75.00
2503205864         LONG BEACH                                          90810   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    238,000.00                    238,000.00   First Lien                                    -          238,000.00                           -                      -          430,000.00                   55.35
2503205867         ARIZONA CITY                                        85223   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    133,000.00                    133,000.00   First Lien                                    -          133,000.00                           -                      -          179,900.00                   73.93
0000000000         XXXX XXXX XXXXX                                     00000   TX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    368,000.00                    367,761.48   First Lien                                    -          437,000.00                   69,000.00             460,000.00          475,000.00                   80.00
2503205882         STOCKTON                                            95207   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    327,000.00                    326,728.77   First Lien                                    -          327,000.00                           -                      -          348,000.00                   93.97
2503205890         SAN XXXX                                            95116   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    562,700.00                    562,700.00   First Lien                                    -          633,025.00                   70,325.00             703,394.00          704,000.00                   80.00
2503205897         XXXXXXXX                                            00000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          850,000.00                   35.29
2503205919         XXXX XXXX XXXXX                                     00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    184,000.00                    184,000.00   First Lien                                    -          184,000.00                           -                      -          230,000.00                   80.00
2503205932         NORTH PROVIDENCE                                     2911   RI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    176,000.00                    176,000.00   First Lien                                    -          176,000.00                           -                      -          220,000.00                   80.00
2503205933         BENSENVILLE                                         60106   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    213,750.00                    213,547.18   First Lien                                    -          285,000.00                   71,250.00                      -          286,000.00                   74.74
2503205941         MIAMI                                               33165   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    116,250.00                    116,156.02   First Lien                                    -          139,500.00                   23,250.00             155,000.00          158,000.00                   75.00
2503205954         XXXXXXX                                             93905   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    416,250.00                    416,250.00   First Lien                                    -          516,150.00                   99,900.00                      -          555,000.00                   75.00
2503205977         ALEXANDRIA                                          22309   VA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    216,000.00                    216,000.00   First Lien                                    -          270,000.00                   54,000.00             270,000.00          270,000.00                   80.00
2503205978         XXXX XXXXXX XXXX                                    00000   UT                       20070301                20370201    ARMS                   No                                          360                    360                          359                    123,750.00                    123,750.00   First Lien                                    -          148,500.00                   24,750.00                      -          165,000.00                   75.00
2503205997         DENVER                                              80237   CO                       20070301                20370201    ARMS                   No                                          360                    360                          359                    578,775.00                    578,775.00   First Lien                                    -          694,525.00                  115,750.00             771,700.00          775,000.00                   75.00
2503206003         LOS ANGELES                                         90022   CA                       20070301                20370201    FIXED                  Yes                                         360                    480                          359                    595,000.00                    594,788.74   First Lien                                    -          595,000.00                           -                      -          700,000.00                   85.00
2503206012         WAIPAHU                                             96797   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    704,000.00                    704,000.00   First Lien                                    -          880,000.00                  176,000.00             880,000.00          880,000.00                   80.00
2503206019         VENTURA                                             93001   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    351,200.00                    351,200.00   First Lien                                    -          439,000.00                   87,800.00             439,000.00          445,000.00                   80.00
2503206022         ORLANDO                                             32835   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    146,150.00                    146,150.00   First Lien                                    -          194,900.00                   48,750.00             194,900.00          207,000.00                   74.99
2503206046         WOONSOCKET                                           2895   RI                       20070301                20370201    FIXED                  No                                          360                    360                          359                    123,000.00                    122,891.48   First Lien                                    -          123,000.00                           -                      -          297,000.00                   41.41
2503206047         SANTA XXXXX                                         93458   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    210,000.00                    209,790.94   First Lien                                    -          210,000.00                           -                      -          360,000.00                   58.33
2503206050         EVANSTON                                            60202   IL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    137,250.00                    137,130.67   First Lien                                    -          137,250.00                           -                      -          540,000.00                   25.42
2503206053         XXXXXXXXXX                                          00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    161,250.00                    161,250.00   First Lien                                    -          193,500.00                   32,250.00             215,000.00          215,000.00                   75.00
2503206055         POMPANO BEACH                                       33063   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    206,250.00                    206,076.21   First Lien                                    -          275,000.00                   68,750.00             275,000.00          280,000.00                   75.00
2503206061         SANTA CLARITA                                       91355   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    328,000.00                    328,000.00   First Lien                                    -          406,800.00                   78,800.00                      -          461,000.00                   71.15
2503206063         XXXX XXXXXXXXXX                                     00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    356,400.00                    356,400.00   First Lien                                    -          445,500.00                   89,100.00             445,500.00          445,500.00                   80.00
2503206070         VISALIA                                             93277   CA                       20070301                20220201    FIXED                  No                                          180                    180                          179                    220,000.00                    219,235.42   First Lien                                    -          220,000.00                           -                      -          550,000.00                   40.00
2503206085         BRONXDALE                                           11469   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    223,500.00                    223,500.00   First Lien                                    -          283,100.00                   59,600.00             298,000.00          350,000.00                   75.00
2503206100         PROVIDENCE                                           2907   RI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    206,250.00                    206,250.00   First Lien                                    -          275,000.00                   68,750.00             275,000.00          280,000.00                   75.00
2503206102         LANCASTER                                           93536   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    392,000.00                    392,000.00   First Lien                                    -          490,000.00                   98,000.00             490,000.00          490,000.00                   80.00
2503206103         CHICAGO                                             60622   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    311,200.00                    311,200.00   First Lien                                    -          389,000.00                   77,800.00             389,000.00          390,000.00                   80.00
2503206126         LOS ANGELES                                         90046   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -                      -        1,275,000.00                   39.22
0000000000         TURLOCK                                             95380   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    488,000.00                    488,000.00   First Lien                                    -          610,000.00                  122,000.00             610,000.00          610,000.00                   80.00
0000000000         (XXXXXX XXXX) LOS ANGELES                           91316   CA                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    664,000.00                    663,643.30   First Lien                                    -          664,000.00                           -                      -          830,000.00                   80.00
2503206152         BUCKEYE                                             85326   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    280,000.00                    280,000.00   First Lien                                    -          280,000.00                           -                      -          400,000.00                   70.00
0000000000         YARROW POINT                                        98004   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                  1,391,250.00                  1,391,250.00   First Lien                                    -        1,507,500.00                  116,250.00           1,855,000.00        1,875,000.00                   75.00
2503206187         XXXX XXXXXXXXXX                                     00000   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          385,000.00                   77.92
2503206227         XXXXXXXX XXXXXXX                                    00000   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    324,000.00                    324,000.00   First Lien                                    -          405,000.00                   81,000.00             405,000.00          435,000.00                   80.00
2503206234         DESERT HOT SPRINGS                                  92240   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    232,500.00                    232,500.00   First Lien                                    -          232,500.00                           -                      -          310,000.00                   75.00
2503206236         XXXX XXXXXXXXXX                                     00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    187,500.00                    187,500.00   First Lien                                    -          250,000.00                   62,500.00                      -          250,000.00                   75.00
0000000000         XXXX XXXXX                                          00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    192,500.00                    192,500.00   First Lien                                    -          192,500.00                           -                      -          280,000.00                   68.75
2503206255         XXXXXXX XXXXX                                       00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    172,500.00                    172,500.00   First Lien                                    -          218,500.00                   46,000.00             230,000.00          230,000.00                   75.00
2503206256         MIAMI                                               33145   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    405,000.00                    405,000.00   First Lien                                    -          540,000.00                  135,000.00             540,000.00          550,000.00                   75.00
2503206257         XXXXXXXXXX                                          00000   XX                       20070401                20220301    FIXED                  No                                          180                    180                          180                    250,000.00                    250,000.00   First Lien                                    -          250,000.00                           -                      -          319,000.00                   78.37
2503206286         SAN BERNARDINO                                      92411   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    196,000.00                    196,000.00   First Lien                                    -          280,000.00                   84,000.00                      -          280,000.00                   70.00
2503206287         XXXXXX ISLAND                                       98040   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                  1,080,000.00                  1,080,000.00   First Lien                                    -        1,080,000.00                           -                      -        1,950,000.00                   55.38
2503206292         SAN XXXXX                                           94583   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    562,500.00                    562,500.00   First Lien                                    -          675,000.00                  112,500.00                      -          750,000.00                   75.00
0000000000         AMITYVILLE                                          11701   NY                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    281,250.00                    281,250.00   First Lien                                    -          375,000.00                   93,750.00                      -          375,000.00                   75.00
2503206299         FREMONT                                             94538   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    256,000.00                    256,000.00   First Lien                                    -          256,000.00                           -                      -          585,000.00                   43.76
2503206314         ELK GROVE                                           95624   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    270,000.00                    270,000.00   First Lien                                    -          360,000.00                   90,000.00             360,000.00          360,000.00                   75.00
2503206323         MIAMI BEACH                                         33141   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    476,250.00                    476,250.00   First Lien                                    -          635,000.00                  158,750.00             635,000.00          635,000.00                   75.00
2503206324         HOLLISTER                                           95023   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    476,250.00                    476,250.00   First Lien                                    -          635,000.00                  158,750.00                      -          635,000.00                   75.00
2503206333         XXXX XXXX XXXXX                                     00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    171,900.00                    171,900.00   First Lien                                    -          204,100.00                   32,200.00             214,900.00          224,000.00                   79.99
2503206340         IVINS                                               84738   UT                       20070301                20370201    ARMS                   No                                          360                    360                          359                    206,100.00                    206,100.00   First Lien                                    -          206,100.00                           -             229,000.00          229,000.00                   90.00
2503206350         XXXXX XXXXXXXXXX                                    00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    151,800.00                    151,800.00   First Lien                                    -          206,050.00                   54,250.00             216,900.00          216,900.00                   69.99
0000000000         DUARTE                                              91010   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    375,000.00                    375,000.00   First Lien                                    -          500,000.00                  125,000.00                      -          500,000.00                   75.00
2503206400         MILILANI                                            96789   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    608,000.00                    608,000.00   First Lien                                    -          750,000.00                  142,000.00                      -          760,000.00                   80.00
2503206436         OZONE PARK                                          11416   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    532,000.00                    531,541.96   First Lien                                    -          665,000.00                  133,000.00             665,000.00          700,000.00                   80.00
0000000000         LAS VEGAS                                           89156   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    335,200.00                    335,200.00   First Lien                                    -          419,000.00                   83,800.00             419,000.00          430,000.00                   80.00
2503206439         STOCKTON                                            95206   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    352,800.00                    352,800.00   First Lien                                    -          441,000.00                   88,200.00                      -          441,000.00                   80.00
2503206472         XXXXXXX                                             11510   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    328,000.00                    328,000.00   First Lien                                    -          410,000.00                   82,000.00             410,000.00          465,000.00                   80.00
2503206490         YUBA CITY                                           95993   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    220,000.00                    220,000.00   First Lien                                    -          274,000.00                   54,000.00                      -          275,000.00                   80.00
0000000000         SAN DIEGO                                           92154   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    424,000.00                    424,000.00   First Lien                                    -          524,000.00                  100,000.00                      -          545,000.00                   77.80
2503206499         SANTA XXX                                           92706   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    445,000.00                    445,000.00   First Lien                                    -          445,000.00                           -                      -          710,000.00                   62.68
2503206501         XXXXXXXX XXXX                                       00000   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    256,000.00                    256,000.00   First Lien                                    -          304,000.00                   48,000.00             320,000.00          385,000.00                   80.00
2503206504         NORTH ATTLEBORO                                      2760   MA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    190,000.00                    190,000.00   First Lien                                    -          190,000.00                           -                      -          320,000.00                   59.38
2503206526         ORTING                                              98360   WA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    242,400.00                    242,000.00   First Lien                                    -          303,000.00                   60,600.00             303,000.00          303,000.00                   80.00
2503206533         CHICAGO                                             60643   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    120,000.00                    120,000.00   First Lien                                    -          152,000.00                   32,000.00             160,000.00          161,000.00                   75.00
2503206547         PALMDALE                                            93552   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    294,000.00                    294,000.00   First Lien                                    -          294,000.00                           -                      -          395,500.00                   74.34
2503206550         PARKVILLE                                           21234   MD                       20070301                20370201    ARMS                   No                                          360                    360                          359                    263,700.00                    263,700.00   First Lien                                    -          263,700.00                           -                      -          293,000.00                   90.00
0000000000         MIRAMAR                                             33027   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    382,500.00                    382,500.00   First Lien                                    -          382,500.00                           -                      -          450,000.00                   85.00
2503206552         BROOKLYN                                            11233   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    427,500.00                    427,500.00   First Lien                                    -          570,000.00                  142,500.00             570,000.00          570,000.00                   75.00
2503206556         SALINAS                                             93905   CA                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    538,400.00                    538,311.97   First Lien                                    -          538,400.00                           -                      -          673,000.00                   80.00
2503206559         AREA OF MIRA LOMA                                   91752   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    504,000.00                    504,000.00   First Lien                                    -          504,000.00                           -                      -          760,000.00                   66.32
2503206573         BRADENTON                                           34208   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    186,800.00                    186,631.13   First Lien                                    -          210,150.00                   23,350.00             233,500.00          245,000.00                   80.00
2503206576         XXXXXXXXXX                                          00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    272,000.00                    272,000.00   First Lien                                    -          340,000.00                   68,000.00                      -          340,000.00                   80.00
2503206589         MIAMI                                               33127   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    168,750.00                    168,750.00   First Lien                                    -          225,000.00                   56,250.00             225,000.00          225,000.00                   75.00
2503206592         WAIANAE                                             96792   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    172,000.00                    172,000.00   First Lien                                    -          215,000.00                   43,000.00             215,000.00          215,000.00                   80.00
2503206594         XXX XXXXX                                           00000   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    486,000.00                    486,000.00   First Lien                                    -          486,000.00                           -             810,000.00          810,000.00                   60.00
2503206608         PROVIDENCE                                           2908   RI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    195,000.00                    195,000.00   First Lien                                    -          260,000.00                   65,000.00             260,000.00          295,000.00                   75.00
2503206614         VAN NUYS                                            91405   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    318,000.00                    317,777.36   First Lien                                    -          318,000.00                           -                      -          520,000.00                   61.15
2503206622         SAN FRANCISCO                                       94107   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    600,000.00                    600,000.00   First Lien                                    -          750,000.00                  150,000.00             750,000.00          750,000.00                   80.00
2503206626         SOUTH BARRINGTON                                    60010   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                  1,216,000.00                  1,216,000.00   First Lien                                    -        1,556,000.00                  340,000.00                      -        1,800,000.00                   67.56
2503206633         CHICAGO                                             60641   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    269,430.00                    269,430.00   First Lien                                    -          384,900.00                  115,470.00             384,900.00          385,000.00                   70.00
2503206637         WEED                                                96094   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    262,500.00                    262,500.00   First Lien                                    -          297,500.00                   35,000.00                      -          350,000.00                   75.00
2503206638         RIVERSIDE                                           92504   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    288,000.00                    288,000.00   First Lien                                    -          360,000.00                   72,000.00             360,000.00          360,000.00                   80.00
2503206646         LOS ANGELES                                         90016   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    656,250.00                    656,250.00   First Lien                                    -          875,000.00                  218,750.00             875,000.00          875,000.00                   75.00
2503206656         XXXXXXXXX                                            8012   NJ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    115,500.00                    115,500.00   First Lien                                    -          156,750.00                   41,250.00             165,000.00          165,000.00                   70.00
2503206664         KING CITY                                           93930   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    348,000.00                    348,000.00   First Lien                                    -          435,000.00                   87,000.00             435,000.00          435,000.00                   80.00
2503206672         XXXXXXXXXX                                          00000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    161,000.00                    160,857.26   First Lien                                    -          161,000.00                           -                      -          260,000.00                   61.92
2503206678         SANTEE                                              92071   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    234,000.00                    234,000.00   First Lien                                    -          234,000.00                           -                      -          320,000.00                   73.13
2503206714         FLUSHING                                            11367   NY                       20070401                20370301    FIXED                  No                                          360                    360                          360                    450,000.00                    450,000.00   First Lien                                    -          450,000.00                           -                      -          600,000.00                   75.00
2503206721         BRIDGEWATER                                          8807   NJ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    457,500.00                    457,500.00   First Lien                                    -          610,000.00                  152,500.00                      -          610,000.00                   75.00
2503206723         NIBLEY                                              84321   UT                       20070301                20370201    ARMS                   No                                          360                    360                          359                    132,000.00                    132,000.00   First Lien                                    -          167,200.00                   35,200.00                      -          176,000.00                   75.00
2503206724         ONTARIO                                             91762   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    175,000.00                    175,000.00   First Lien                                    -          175,000.00                           -                      -          250,000.00                   70.00
2503206725         SALINAS                                             93905   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    440,000.00                    440,000.00   First Lien                                    -          550,000.00                  110,000.00             550,000.00          551,000.00                   80.00
2503206745         MIAMI                                               33160   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    359,200.00                    359,200.00   First Lien                                    -          449,000.00                   89,800.00             449,000.00          450,000.00                   80.00
2503206754         PALM CITY                                           34990   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    417,600.00                    417,600.00   First Lien                                    -          469,800.00                   52,200.00                      -          522,000.00                   80.00
0000000000         MINNEAPOLIS                                         55411   MN                       20070301                20370201    ARMS                   No                                          360                    360                          359                    212,000.00                    212,000.00   First Lien                                    -          265,000.00                   53,000.00             265,000.00          279,000.00                   80.00
2503206761         LONG BEACH                                          90814   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    750,000.00                    750,000.00   First Lien                                    -          750,000.00                           -                      -        1,900,000.00                   39.47
2503206765         XXXXXXX                                             00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    132,000.00                    131,885.23   First Lien                                    -          165,000.00                   33,000.00             165,000.00          206,000.00                   80.00
2503206768         EL CAJON                                            92020   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    507,500.00                    507,500.00   First Lien                                    -          585,400.00                   77,900.00                      -          725,000.00                   70.00
2503206777         PLACENTIA                                           92870   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    542,500.00                    542,500.00   First Lien                                    -          542,500.00                           -                      -          775,000.00                   70.00
2503206780         ALEXANDRIA                                          22309   VA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    190,000.00                    190,000.00   First Lien                                    -          237,500.00                   47,500.00             237,500.00          237,500.00                   80.00
0000000000         CLARKSVILLE                                         21029   MD                       20070301                20370201    ARMS                   No                                          360                    360                          359                    387,200.00                    387,200.00   First Lien                                    -          484,000.00                   96,800.00                      -          484,000.00                   80.00
2503206784         XXXXXX VALLEY                                       92551   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    324,000.00                    324,000.00   First Lien                                    -          405,000.00                   81,000.00                      -          405,000.00                   80.00
2503206792         CHULA VISTA                                         91911   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    397,500.00                    397,500.00   First Lien                                    -          530,000.00                  132,500.00             530,000.00          530,000.00                   75.00
2503206793         XX XXXX                                             00000   TX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    185,500.00                    185,500.00   First Lien                                    -          251,750.00                   66,250.00                      -          265,000.00                   70.00
2503206807         XXXXXX XXXXX                                        00000   NC                       20070401                20370301    FIXED                  No                                          360                    360                          360                    558,500.00                    558,500.00   First Lien                                    -          558,500.00                           -                      -          925,000.00                   60.38
2503206814         CHICAGO                                             60646   IL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    427,500.00                    427,142.61   First Lien                                    -          513,000.00                   85,500.00             570,000.00          570,000.00                   75.00
2503206816         MIAMI                                               33196   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    337,500.00                    337,500.00   First Lien                                    -          450,000.00                  112,500.00             450,000.00          450,000.00                   75.00
0000000000         LAS VEGAS                                           89113   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    497,600.00                    497,600.00   First Lien                                    -          622,000.00                  124,400.00             622,000.00          622,000.00                   80.00
2503206847         MISSION VIEJO                                       92691   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    318,750.00                    318,750.00   First Lien                                    -          425,000.00                  106,250.00             425,000.00          425,000.00                   75.00
2503206850         JAMAICA                                             11436   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    328,000.00                    328,000.00   First Lien                                    -          410,000.00                   82,000.00             410,000.00          420,000.00                   80.00
2503206877         INGLEWOOD                                           90303   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    310,000.00                    310,000.00   First Lien                                    -          310,000.00                           -                      -          590,000.00                   52.54
2503206883         OVIEDO                                              32765   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    179,925.00                    179,925.00   First Lien                                    -          239,900.00                   59,975.00             239,900.00          239,900.00                   75.00
2503206884         CENTRAL POINT                                       97502   OR                       20070301                20370201    ARMS                   No                                          360                    360                          359                    532,500.00                    532,500.00   First Lien                                    -          532,500.00                           -                      -          710,000.00                   75.00
2503206885         HOLLISTER                                           95023   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    650,000.00                    649,466.15   First Lien                                    -          650,000.00                           -                      -          875,000.00                   74.29
0000000000         RANCHO CUCAMONGA                                    91730   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    536,000.00                    536,000.00   First Lien                                    -          536,000.00                           -                      -          670,000.00                   80.00
2503206898         CAMP VERDE                                          86322   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    180,000.00                    180,000.00   First Lien                                    -          180,000.00                           -                      -          351,000.00                   51.28
2503206901         HOLLISTER                                           95023   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    525,000.00                    525,000.00   First Lien                                    -          630,000.00                  105,000.00             700,000.00          702,000.00                   75.00
2503206904         XXXXXX                                              98391   WA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    157,462.00                    157,462.00   First Lien                                    -          199,452.00                   41,990.00             209,950.00          213,000.00                   75.00
2503206905         MIAMI SHORES                                        33150   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    562,500.00                    562,500.00   First Lien                                    -          750,000.00                  187,500.00             750,000.00          750,000.00                   75.00
2503206909         HENDERSON                                           89052   NV                       20070401                20370301    FIXED                  No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          575,000.00                   75,000.00                      -          640,000.00                   78.13
2503206911         BROOKLYN                                            11207   NY                       20070301                20370201    FIXED                  No                                          360                    360                          359                    450,000.00                    449,602.98   First Lien                                    -          525,000.00                   75,000.00                      -          600,000.00                   75.00
2503206912         HIALEAH                                             33010   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    248,000.00                    248,000.00   First Lien                                    -          310,000.00                   62,000.00             310,000.00          310,000.00                   80.00
2503206914         DELTONA                                             32738   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    170,100.00                    170,010.23   First Lien                                    -          170,100.00                           -             189,000.00          189,000.00                   90.00
2503206917         XXXXX XXXXX                                         00000   PA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    624,000.00                    624,000.00   First Lien                                    -          624,000.00                           -             780,827.00          812,000.00                   79.92
2503206918         PORTLAND                                            97266   OR                       20070301                20370201    ARMS                   No                                          360                    360                          359                    296,000.00                    296,000.00   First Lien                                    -          370,000.00                   74,000.00             370,000.00          371,000.00                   80.00
2503206920         XXXXXXXXXX                                          00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    263,500.00                    263,500.00   First Lien                                    -          263,500.00                           -                      -          310,000.00                   85.00
2503206928         LOS ANGELES                                         90031   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    352,000.00                    352,000.00   First Lien                                    -          440,000.00                   88,000.00             440,000.00          440,000.00                   80.00
2503206936         XXXXXX XXXX                                         00000   MO                       20070301                20370201    ARMS                   No                                          360                    360                          359                     70,000.00                     69,939.62   First Lien                                    -           90,000.00                   20,000.00              95,000.00           95,000.00                   73.68
2503206938         HOLLISTER                                           95023   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    472,000.00                    472,000.00   First Lien                                    -          590,000.00                  118,000.00             590,000.00          625,000.00                   80.00
2503206952         SANTA XXX                                           92703   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    467,000.00                    467,000.00   First Lien                                    -          584,000.00                  117,000.00                      -          585,000.00                   79.83
2503206984         MIAMI                                               33177   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    145,000.00                    145,000.00   First Lien                                    -          145,000.00                           -                      -          266,000.00                   54.51
2503207004         WESTBURY                                            11590   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    338,900.00                    338,900.00   First Lien                                    -          338,900.00                           -                      -          450,000.00                   75.31
2503207018         PALERMO                                             95968   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    100,000.00                     99,905.11   First Lien                                    -          100,000.00                           -                      -          163,000.00                   61.35
2503207052         PHILADELPHIA                                        19148   PA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    135,000.00                    135,000.00   First Lien                                    -          162,000.00                   27,000.00                      -          180,000.00                   75.00
2503207059         CHICAGO                                             60623   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    245,000.00                    245,000.00   First Lien                                    -          297,500.00                   52,500.00                      -          350,000.00                   70.00
2503207085         NEW MILFORD                                          6776   CT                       20070401                20370301    ARMS                   No                                          360                    360                          360                    113,600.00                    113,600.00   First Lien                                    -          113,600.00                           -                      -          142,000.00                   80.00
2503207086         SAN DIEGO                                           92154   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    416,250.00                    416,250.00   First Lien                                    -          555,000.00                  138,750.00             555,000.00          555,000.00                   75.00
2503207089         SAN XXXX                                            95124   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    900,000.00                    900,000.00   First Lien                                    -          900,000.00                           -                      -        1,200,000.00                   75.00
2503207095         MOUNT RAINIER                                       20712   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    220,000.00                    220,000.00   First Lien                                    -          220,000.00                           -                      -          379,000.00                   58.05
2503207099         XXXXX XXXX                                          00000   MD                       20070301                20220201    FIXED                  No                                          180                    180                          179                    307,700.00                    306,695.87   First Lien                                    -          307,700.00                           -                      -          362,000.00                   85.00
2503207122         ORANGE                                              92868   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    508,000.00                    508,000.00   First Lien                                    -          508,000.00                           -                      -          750,000.00                   67.73
2503207128         FAIRFIELD                                            6890   CT                       20070401                20370301    ARMS                   No                                          360                    360                          360                    454,500.00                    454,500.00   First Lien                                    -          454,500.00                           -                      -          505,000.00                   90.00
2503207156         STOCKTON                                            95206   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    316,000.00                    316,000.00   First Lien                                    -          395,000.00                   79,000.00             395,000.00          395,000.00                   80.00
2503207158         ORLANDO                                             32837   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    420,720.00                    420,720.00   First Lien                                    -          420,720.00                           -             525,900.00          547,500.00                   80.00
2503207163         WEST COVINA                                         91790   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    288,000.00                    288,000.00   First Lien                                    -          342,000.00                   54,000.00             360,000.00          450,000.00                   80.00
2503207165         MIAMI                                               33126   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    220,500.00                    220,280.49   First Lien                                    -          315,000.00                   94,500.00             315,000.00          320,000.00                   70.00
0000000000         LAUDERHILL                                          33313   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    256,500.00                    256,500.00   First Lien                                    -          256,500.00                           -                      -          270,000.00                   95.00
2503207222         CHICAGO                                             60624   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    172,800.00                    172,800.00   First Lien                                    -          172,800.00                           -             192,000.00          215,000.00                   90.00
2503207228         RIALTO                                              92376   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    285,000.00                    285,000.00   First Lien                                    -          285,000.00                           -                      -          362,000.00                   78.73
2503207243         PHOENIX                                             85009   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    140,000.00                    139,874.67   First Lien                                    -          140,000.00                           -                      -          200,000.00                   70.00
2503207268         BAKERSFIELD                                         93309   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    109,000.00                    108,891.28   First Lien                                    -          109,000.00                           -             179,000.00          183,000.00                   60.89
2503207270         XXXXXXXX                                            00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    324,000.00                    324,000.00   First Lien                                    -          405,000.00                   81,000.00             405,000.00          410,000.00                   80.00
2503207273         XXXXXXXXXX                                          00000   XX                       20070401                20370301    FIXED                  No                                          360                    360                          360                    284,000.00                    284,000.00   First Lien                                    -          284,000.00                           -                      -          355,000.00                   80.00
2503207295         CHALMETTE                                           70043   LA                       20070301                20370201    ARMS                   No                                          360                    360                          359                     99,750.00                     99,750.00   First Lien                                    -          135,375.00                   35,625.00             145,500.00          142,500.00                   70.00
2503207311         HOMESTEAD                                           33035   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    179,242.00                    179,242.00   First Lien                                    -          215,090.00                   35,848.00             238,990.00          239,000.00                   75.00
2503207333         XXXXXX XXX                                          00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    198,150.00                    198,150.00   First Lien                                    -          235,300.00                   37,150.00             247,690.00          250,000.00                   80.00
2503207339         XXXXXXXX                                            00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    344,250.00                    344,250.00   First Lien                                    -          459,000.00                  114,750.00             459,000.00          465,000.00                   75.00
2503207343         SALINAS                                             93901   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    291,000.00                    290,698.48   First Lien                                    -          291,000.00                           -                      -          495,000.00                   58.79
2503207354         LOS ANGELES (NORTH HOLLYW                           91606   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    462,000.00                    462,000.00   First Lien                                    -          627,000.00                  165,000.00                      -          660,000.00                   70.00
2503207359         SAINT ALBANS                                        11412   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    439,200.00                    439,200.00   First Lien                                    -          549,000.00                  109,800.00             549,000.00          580,000.00                   80.00
2503207380         CHICAGO                                             60612   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    337,500.00                    337,500.00   First Lien                                    -          450,000.00                  112,500.00             450,000.00          450,000.00                   75.00
2503207386         IRVINGTON                                            7111   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    318,750.00                    318,750.00   First Lien                                    -          425,000.00                  106,250.00             425,000.00          425,000.00                   75.00
2503207390         CHELAN                                              98816   WA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    284,500.00                    284,262.16   First Lien                                    -          284,500.00                           -                      -          382,000.00                   74.48
0000000000         AURORA                                              80013   CO                       20070401                20370301    ARMS                   No                                          360                    360                          360                    168,000.00                    168,000.00   First Lien                                    -          205,000.00                   37,000.00                      -          210,000.00                   80.00
2503207396         INGLEWOOD                                           90302   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    457,500.00                    457,500.00   First Lien                                    -          610,000.00                  152,500.00             610,000.00          610,000.00                   75.00
2503207400         PALMDALE                                            93552   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    296,800.00                    296,800.00   First Lien                                    -          371,000.00                   74,200.00             371,000.00          375,000.00                   80.00
2503207404         BAKERSFIELD                                         93312   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    268,000.00                    268,000.00   First Lien                                    -          335,000.00                   67,000.00             335,000.00          335,000.00                   80.00
2503207406         FONTANA                                             92336   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    496,000.00                    496,000.00   First Lien                                    -          557,000.00                   61,000.00                      -          620,000.00                   80.00
2503207418         LOS ANGELES (XXXXXXX OAKS                           91423   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                  1,802,500.00                  1,802,500.00   First Lien                                    -        1,802,500.00                           -                      -        2,575,000.00                   70.00
2503207421         ROHNERT PARK                                        94928   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    385,600.00                    385,600.00   First Lien                                    -          482,000.00                   96,400.00             482,000.00          482,000.00                   80.00
2503207437         PASADENA                                            91104   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    628,000.00                    628,000.00   First Lien                                    -          785,000.00                  157,000.00             785,000.00          785,000.00                   80.00
2503207442         ROCKLIN                                             95677   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    384,930.00                    384,930.00   First Lien                                    -          549,900.00                  164,970.00             549,900.00          550,000.00                   70.00
2503207459         VALLEJO                                             94589   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    336,000.00                    336,000.00   First Lien                                    -          420,000.00                   84,000.00                      -          430,000.00                   78.14
2503207470         ORLANDO                                             32821   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    328,800.00                    328,800.00   First Lien                                    -          328,800.00                           -                      -          411,000.00                   80.00
0000000000         HOMESTEAD                                           33035   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    179,242.00                    179,242.00   First Lien                                    -          215,090.00                   35,848.00             238,990.00          240,000.00                   75.00
0000000000         DENVER                                              80207   CO                       20070301                20370201    ARMS                   No                                          360                    360                          359                    183,750.00                    183,750.00   First Lien                                    -          220,500.00                   36,750.00                      -          245,000.00                   75.00
2503207495         AMERICAN FORK                                       84003   UT                       20070301                20370201    ARMS                   No                                          360                    360                          359                    140,000.00                    140,000.00   First Lien                                    -          200,000.00                   60,000.00                      -          200,000.00                   70.00
2503207499         RANCHO CUCAMONGA                                    91739   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    780,990.00                    780,990.00   First Lien                                    -        1,180,990.00                  400,000.00           1,180,990.00        1,180,990.00                   66.13
2503207509         TOPANGA                                             90290   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    639,000.00                    639,000.00   First Lien                                    -          639,000.00                           -             710,000.00          710,000.00                   90.00
2503207510         AURORA                                              80014   CO                       20070301                20370201    ARMS                   No                                          360                    360                          359                    118,000.00                    118,000.00   First Lien                                    -          118,000.00                           -                      -          210,000.00                   56.19
2503207512         LYNDEN                                              98264   WA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    236,800.00                    236,800.00   First Lien                                    -          281,200.00                   44,400.00             296,000.00          325,000.00                   80.00
2503207517         XXXXX XXXX                                          00000   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    413,250.00                    413,250.00   First Lien                                    -          523,450.00                  110,200.00             551,000.00          554,000.00                   75.00
2503207530         KANEOHE                                             96744   HI                       20070401                20370201    FIXED                  Yes                                         360                    480                          360                    474,500.00                    474,500.00   First Lien                                    -          474,500.00                           -                      -          730,000.00                   65.00
2503207543         SAN DIEGO                                           92117   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    456,000.00                    456,000.00   First Lien                                    -          456,000.00                           -                      -          570,000.00                   80.00
2503207546         WEST COVINA                                         91790   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    460,000.00                    460,000.00   First Lien                                    -          517,450.00                   57,450.00                      -          575,000.00                   80.00
2503207552         LOS ANGELES                                         90011   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    429,500.00                    429,500.00   First Lien                                    -          429,500.00                           -                      -          580,000.00                   74.05
0000000000         KAHULUI                                             96732   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    618,750.00                    618,750.00   First Lien                                    -          742,500.00                  123,750.00                      -          825,000.00                   75.00
0000000000         MINNEAPOLIS                                         55443   MN                       20070401                20370301    ARMS                   No                                          360                    360                          360                    225,000.00                    225,000.00   First Lien                                    -          285,000.00                   60,000.00             300,000.00          300,000.00                   75.00
2503207602         XXXX XXXXX                                          00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    208,000.00                    208,000.00   First Lien                                    -          208,000.00                           -                      -          265,000.00                   78.49
2503207606         MIAMI                                               33174   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    255,000.00                    255,000.00   First Lien                                    -          340,000.00                   85,000.00             340,000.00          340,000.00                   75.00
2503207607         VICTORVILLE                                         92392   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    269,000.00                    269,000.00   First Lien                                    -          269,000.00                           -                      -          340,000.00                   79.12
0000000000         MIAMI                                               33130   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    168,000.00                    168,000.00   First Lien                                    -          228,000.00                   60,000.00             240,000.00          350,000.00                   70.00
2503207630         LOS ANGELES                                         90002   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    330,000.00                    329,671.48   First Lien                                    -          330,000.00                           -                      -          494,000.00                   66.80
2503207632         HENDERSON                                           89074   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    152,000.00                    152,000.00   First Lien                                    -          152,000.00                           -                      -          280,000.00                   54.29
2503207637         LAS VEGAS                                           89107   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    160,000.00                    160,000.00   First Lien                                    -          160,000.00                           -                      -          203,000.00                   78.82
2503207638         XXXXX                                               84094   UT                       20070301                20370201    FIXED                  No                                          360                    360                          359                    251,250.00                    251,038.29   First Lien                                    -          301,500.00                   50,250.00                      -          335,000.00                   75.00
2503207644         MINNEAPOLIS                                         55419   MN                       20070301                20370201    FIXED                  No                                          360                    360                          359                    146,000.00                    145,889.68   First Lien                                    -          179,621.00                   33,621.00                      -          200,000.00                   73.00
2503207651         BROOKLYN                                            11203   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    363,750.00                    363,750.00   First Lien                                    -          485,000.00                  121,250.00             498,000.00          485,000.00                   75.00
2503207659         WAILUKU                                             96793   HI                       20070301                20370301    FIXED                  Yes                                         360                    480                          359                    354,000.00                    353,816.13   First Lien                                    -          354,000.00                           -                      -          620,000.00                   57.10
2503207664         XXXXXX XXXXX                                        00000   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    288,000.00                    287,699.31   First Lien                                    -          288,000.00                           -             360,000.00          360,000.00                   80.00
0000000000         XXX XXXXXXX XXXX                                    00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    326,000.00                    326,000.00   First Lien                                    -          326,000.00                           -                      -          560,000.00                   58.21
2503207702         STOCKTON                                            95204   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    188,500.00                    188,337.70   First Lien                                    -          188,500.00                           -                      -          290,000.00                   65.00
2503207705         XXXXXXX XXXXXXX                                     00000   MD                       20070301                20370201    ARMS                   No                                          360                    360                          359                    180,000.00                    180,000.00   First Lien                                    -          213,750.00                   33,750.00             225,000.00          225,000.00                   80.00
2503207706         LOS ANGELES                                         90032   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    368,000.00                    368,000.00   First Lien                                    -          460,000.00                   92,000.00                      -          460,000.00                   80.00
0000000000         XXXXXX XXXX                                         00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    474,000.00                    474,000.00   First Lien                                    -          632,000.00                  158,000.00             632,000.00          632,000.00                   75.00
2503207722         NORTH LAS VEGAS                                     89094   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    200,800.00                    200,628.80   First Lien                                    -          238,450.00                   37,650.00             251,000.00          255,000.00                   80.00
0000000000         XXXXX                                               60534   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    187,000.00                    187,000.00   First Lien                                    -          187,000.00                           -                      -          220,000.00                   85.00
2503207726         WEST NEW YORK                                        7093   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    344,000.00                    344,000.00   First Lien                                    -          430,000.00                   86,000.00             430,000.00          435,000.00                   80.00
2503207753         LADY LAKE                                           32159   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    184,350.00                    184,350.00   First Lien                                    -          221,200.00                   36,850.00             245,854.60          335,000.00                   74.98
0000000000         XXXX XXXXXXXXX                                      00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    540,000.00                    540,000.00   First Lien                                    -          540,000.00                           -             675,000.00          675,000.00                   80.00
2503207785         LAHAINA                                             96761   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    789,000.00                    789,000.00   First Lien                                    -          989,000.00                  200,000.00                      -        1,150,000.00                   68.61
2503207792         POMONA                                              91767   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    336,000.00                    336,000.00   First Lien                                    -          420,000.00                   84,000.00             420,000.00          420,000.00                   80.00
2503207822         CLEAR LAKE                                          95422   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    252,000.00                    252,000.00   First Lien                                    -          252,000.00                           -                      -          280,000.00                   90.00
0000000000         ENCINITAS                                           92024   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    350,000.00                    350,000.00   First Lien                                    -          350,000.00                           -                      -        1,004,000.00                   34.86
2503207836         FRESNO                                              93720   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    288,000.00                    288,000.00   First Lien                                    -          288,000.00                           -                      -          360,000.00                   80.00
2503207840         XXXXXX XXXX                                         95037   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    445,000.00                    445,000.00   First Lien                                    -          445,000.00                           -                      -          600,000.00                   74.17
2503207853         SUNRISE                                             33322   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    240,000.00                    240,000.00   First Lien                                    -          240,000.00                           -                      -          309,000.00                   77.67
2503207855         SPRING                                              77380   TX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    650,000.00                    650,000.00   First Lien                                    -          650,000.00                           -                      -          828,000.00                   78.50
2503207858         BRONX                                               10469   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    543,750.00                    543,750.00   First Lien                                    -          633,000.00                   89,250.00                      -          725,000.00                   75.00
2503207877         BETHEL ISLAND                                       94511   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    342,800.00                    342,800.00   First Lien                                    -          342,800.00                           -                      -          645,000.00                   53.15
2503207885         SANTA XXX                                           92704   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    245,000.00                    245,000.00   First Lien                                    -          245,000.00                           -                      -          575,000.00                   42.61
2503207888         XXXXX XXXXX                                         00000   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    436,000.00                    436,000.00   First Lien                                    -          476,000.00                   40,000.00                      -          810,000.00                   53.83
2503207889         HERCULES                                            94547   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    487,000.00                    487,000.00   First Lien                                    -          487,000.00                           -                      -          675,000.00                   72.15
2503207900         CALIFORNIA CITY                                     93505   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    188,000.00                    188,000.00   First Lien                                    -          188,000.00                           -                      -          225,000.00                   83.56
2503207920         JACKSONVILLE                                        32244   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    156,000.00                    156,000.00   First Lien                                    -          195,000.00                   39,000.00             195,000.00          195,000.00                   80.00
2503207931         GREENBELT                                           20770   MD                       20070301                20370201    ARMS                   No                                          360                    360                          359                    131,920.00                    131,807.53   First Lien                                    -          164,900.00                   32,980.00             164,900.00          168,000.00                   80.00
2503207936         XXXXXX XXXXXXX                                      00000   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    520,000.00                    520,000.00   First Lien                                    -          650,000.00                  130,000.00             650,000.00          650,000.00                   80.00
2503207937         XXXXXXXXXX XXXXX                                    00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    540,000.00                    540,000.00   First Lien                                    -          675,000.00                  135,000.00             675,000.00          675,000.00                   80.00
2503207939         SALINAS                                             93906   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    462,000.00                    462,000.00   First Lien                                    -          522,000.00                   60,000.00                      -          660,000.00                   70.00
2503207942         VISTA                                               92083   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    260,000.00                    260,000.00   First Lien                                    -          260,000.00                           -                      -          455,000.00                   57.14
2503207949         LAS VEGAS                                           89101   NV                       20070301                20370201    FIXED                  No                                          360                    360                          359                    141,000.00                    140,873.77   First Lien                                    -          141,000.00                           -                      -          225,000.00                   62.67
2503207950         BAKERSFIELD                                         93309   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    220,000.00                    220,000.00   First Lien                                    -          247,500.00                   27,500.00                      -          275,000.00                   80.00
0000000000         XXXXXXXXX                                           89106   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    150,000.00                    150,000.00   First Lien                                    -          150,000.00                           -                      -          200,000.00                   75.00
2503207995         LANCASTER                                           93535   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    356,250.00                    356,250.00   First Lien                                    -          403,750.00                   47,500.00                      -          475,000.00                   75.00
2503208005         XXXXXXXX XXXXXX                                     00000   MN                       20070401                20370301    FIXED                  No                                          360                    360                          360                    152,600.00                    152,600.00   First Lien                                    -          152,600.00                           -                      -          218,000.00                   70.00
2503208006         XXXXXX VALLEY                                       92553   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    256,000.00                    256,000.00   First Lien                                    -          320,000.00                   64,000.00             320,000.00          320,000.00                   80.00
2503208016         XXXXXXXXXXX                                         00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    183,200.00                    183,200.00   First Lien                                    -          229,000.00                   45,800.00             229,000.00          240,000.00                   80.00
2503208020         QUOGUE                                              11959   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    720,000.00                    720,000.00   First Lien                                    -          720,000.00                           -                      -        1,500,000.00                   48.00
2503208023         ORANGE                                              92869   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    664,000.00                    664,000.00   First Lien                                    -          664,000.00                           -                      -          830,000.00                   80.00
2503208027         LOS ANGELES                                         90063   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    360,000.00                    360,000.00   First Lien                                    -          360,000.00                           -                      -          450,000.00                   80.00
2503208028         CHICAGO                                             60659   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    298,750.00                    298,750.00   First Lien                                    -          372,150.00                   73,400.00             373,460.00          390,000.00                   80.00
2503208034         SONORA                                              95370   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    255,000.00                    255,000.00   First Lien                                    -          255,000.00                           -                      -          355,000.00                   71.83
2503208048         SAN DIEGO                                           92116   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    475,000.00                    474,513.13   First Lien                                    -          475,000.00                           -                      -          825,000.00                   57.58
2503208059         NORTH LAS VEGAS                                     89030   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    145,000.00                    145,000.00   First Lien                                    -          145,000.00                           -                      -          215,000.00                   67.44
2503208063         TULARE                                              93274   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    140,000.00                    140,000.00   First Lien                                    -          140,000.00                           -                      -          193,000.00                   72.54
2503208070         XXXXXXX                                              7481   NJ                       20070401                20370301    FIXED                  No                                          360                    360                          360                    460,000.00                    460,000.00   First Lien                                    -          460,000.00                           -                      -          660,000.00                   69.70
2503208071         FREMONT                                             94536   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    315,900.00                    315,900.00   First Lien                                    -          394,900.00                   79,000.00             394,900.00          400,000.00                   79.99
2503208082         SAINT XXXX                                          55119   MN                       20070401                20370301    ARMS                   No                                          360                    360                          360                    235,000.00                    235,000.00   First Lien                                    -          293,000.00                   58,000.00             293,800.00          294,000.00                   79.99
0000000000         HOLLISTER                                           95023   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    295,000.00                    295,000.00   First Lien                                    -          295,000.00                           -                      -          500,000.00                   59.00
2503208088         SALINAS                                             93906   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    264,500.00                    264,255.02   First Lien                                    -          366,669.00                  102,169.00                      -          387,000.00                   68.35
2503208101         BRONX                                               10452   NY                       20070301                20370201    ARMS                   No                                          360                    360                          359                    438,750.00                    438,750.00   First Lien                                    -          585,000.00                  146,250.00             585,000.00          630,000.00                   75.00
2503208107         STEVENSVILLE                                        21666   MD                       20070401                20370301    FIXED                  No                                          360                    360                          360                    210,000.00                    210,000.00   First Lien                                    -          210,000.00                           -                      -          350,000.00                   60.00
2503208118         XXXXXXXX                                             8610   NJ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    306,000.00                    305,873.05   First Lien                                    -          306,000.00                           -                      -          340,000.00                   90.00
2503208121         KAHULUI                                             96732   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    460,000.00                    460,000.00   First Lien                                    -          575,000.00                  115,000.00                      -          575,000.00                   80.00
2503208125         MIAMI                                               33055   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    280,000.00                    280,000.00   First Lien                                    -          280,000.00                           -                      -          350,000.00                   80.00
2503208127         OAKLAND                                             94602   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    184,000.00                    184,000.00   First Lien                                    -          184,000.00                           -                      -          370,000.00                   49.73
0000000000         TULARE                                              93274   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    136,000.00                    136,000.00   First Lien                                    -          136,000.00                           -             170,000.00          193,000.00                   80.00
2503208132         XXXXX XXXX                                          20769   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    514,880.00                    514,880.00   First Lien                                    -          547,060.00                   32,180.00                      -          643,600.00                   80.00
2503208137         BELLEVUE                                            98007   WA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    568,000.00                    567,406.98   First Lien                                    -          568,000.00                           -             710,000.00          710,000.00                   80.00
0000000000         SAN XXXX                                            95116   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    495,000.00                    495,000.00   First Lien                                    -          495,000.00                           -                      -          840,000.00                   58.93
2503208149         BEAUMONT                                            92223   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    406,400.00                    406,400.00   First Lien                                    -          406,400.00                           -                      -          508,000.00                   80.00
2503208154         PHOENIX                                             85035   AZ                       20070301                20370201    ARMS                   No                                          360                    360                          359                    155,000.00                    155,000.00   First Lien                                    -          155,000.00                           -                      -          200,000.00                   77.50
2503208166         CHULA VISTA                                         91913   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    432,300.00                    432,300.00   First Lien                                    -          432,300.00                           -                      -          600,000.00                   72.05
0000000000         HONOLULU                                            96818   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    483,200.00                    483,200.00   First Lien                                    -          604,000.00                  120,800.00                      -          604,000.00                   80.00
2503208170         XXXXXXX XXXX                                        00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    133,600.00                    133,600.00   First Lien                                    -          167,000.00                   33,400.00             167,000.00          170,000.00                   80.00
2503208172         MIAMI BEACH                                         33139   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    200,000.00                    199,819.19   First Lien                                    -          200,000.00                           -                      -          400,000.00                   50.00
2503208203         ZEPHYRHILLS                                         33541   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    200,000.00                    200,000.00   First Lien                                    -          237,500.00                   37,500.00             250,000.00          250,000.00                   80.00
0000000000         CHICAGO                                             60639   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          450,000.00                   66.67
2503208230         STOCKTON                                            95206   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    372,000.00                    372,000.00   First Lien                                    -          465,000.00                   93,000.00                      -          465,000.00                   80.00
2503208263         HIALEAH                                             33015   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    166,410.00                    166,410.00   First Lien                                    -          166,410.00                           -             184,900.00          210,000.00                   90.00
2503208267         LANCASTER                                           93536   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    340,000.00                    340,000.00   First Lien                                    -          425,000.00                   85,000.00             425,000.00          425,000.00                   80.00
2503208275         CHICAGO                                             60644   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    186,500.00                    186,500.00   First Lien                                    -          236,200.00                   49,700.00             248,675.00          260,000.00                   75.00
2503208286         XXXX XXXXXX XXXX                                    00000   AZ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    494,000.00                    494,000.00   First Lien                                    -          494,000.00                           -                      -          520,000.00                   95.00
2503208288         LOS ANGELES                                         90044   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    503,200.00                    503,200.00   First Lien                                    -          629,000.00                  125,800.00             629,000.00          645,000.00                   80.00
2503208291         LAS VEGAS                                           89120   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    832,800.00                    832,800.00   First Lien                                    -          832,800.00                           -                      -        1,600,000.00                   52.05
2503208293         CHICAGO                                             60628   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    124,000.00                    124,000.00   First Lien                                    -          147,250.00                   23,250.00             155,000.00          155,000.00                   80.00
2503208306         CHULA VISTA                                         91913   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    461,250.00                    461,250.00   First Lien                                    -          461,250.00                           -                      -          615,000.00                   75.00
2503208307         MIAMI                                               33174   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    131,250.00                    131,250.00   First Lien                                    -          175,000.00                   43,750.00             175,000.00          178,000.00                   75.00
2503208313         XXXXXX VALLEY                                       92553   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    287,000.00                    287,000.00   First Lien                                    -          287,000.00                           -                      -          410,000.00                   70.00
2503208315         RIVIERA BEACH                                       33404   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    435,000.00                    435,000.00   First Lien                                    -          551,000.00                  116,000.00             629,000.00          580,000.00                   75.00
2503208328         TAMPA                                               33615   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    196,000.00                    196,000.00   First Lien                                    -          245,000.00                   49,000.00             245,000.00          250,000.00                   80.00
2503208329         LOS ANGELES                                         90006   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    680,000.00                    680,000.00   First Lien                                    -          850,000.00                  170,000.00             850,000.00          850,000.00                   80.00
2503208333         CHICAGO                                             60645   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    146,250.00                    146,250.00   First Lien                                    -          175,500.00                   29,250.00             195,000.00          200,000.00                   75.00
2503208357         ANTIOCH                                             94531   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    564,000.00                    564,000.00   First Lien                                    -          634,500.00                   70,500.00                      -          705,000.00                   80.00
2503208358         SUNNYVALE                                           94087   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    716,000.00                    716,000.00   First Lien                                    -          850,250.00                  134,250.00                      -          895,000.00                   80.00
2503208361         PALMDALE                                            93550   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    232,500.00                    232,500.00   First Lien                                    -          232,500.00                           -                      -          310,000.00                   75.00
2503208371         EAST FARMINGDALE                                    11735   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    392,000.00                    392,000.00   First Lien                                    -          441,000.00                   49,000.00                      -          490,000.00                   80.00
0000000000         SALINAS                                             93906   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    316,000.00                    316,000.00   First Lien                                    -          316,000.00                           -                      -          395,000.00                   80.00
2503208376         MIAMI                                               33161   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    255,000.00                    255,000.00   First Lien                                    -          323,000.00                   68,000.00             340,000.00          340,000.00                   75.00
2503208382         XXXXXXX                                             00000   XX                       20070401                20370301    FIXED                  No                                          360                    360                          360                    640,000.00                    640,000.00   First Lien                                    -          720,000.00                   80,000.00                      -          800,000.00                   80.00
2503208385         SAN XXXX                                            95148   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    518,000.00                    518,000.00   First Lien                                    -          627,698.00                  109,698.00                      -          740,000.00                   70.00
2503208397         LOS ANGELES (NORTHRIDGE A                           91325   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -             775,000.00          775,000.00                   64.52
2503208398         SURPRISE                                            85388   AZ                       20070301                20370201    FIXED                  No                                          360                    360                          359                    115,000.00                    114,888.23   First Lien                                    -          115,000.00                           -                      -          236,000.00                   48.73
0000000000         SAN DIEGO                                           92115   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    377,600.00                    377,600.00   First Lien                                    -          377,600.00                           -             472,000.00          472,000.00                   80.00
0000000000         XXXXXXXXXX                                          00000   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    216,000.00                    216,000.00   First Lien                                    -          259,200.00                   43,200.00                      -          288,000.00                   75.00
2503208427         HAYWARD                                             94545   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    304,000.00                    304,000.00   First Lien                                    -          380,000.00                   76,000.00             380,000.00          440,000.00                   80.00
2503208429         CALEXICO                                            92231   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    210,700.00                    210,700.00   First Lien                                    -          280,900.00                   70,200.00             280,990.00          295,000.00                   74.98
0000000000         XXXXX XXXXX                                         00000   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    440,000.00                    440,000.00   First Lien                                    -          440,000.00                           -             550,000.00          555,000.00                   80.00
2503208437         XXXXXXXXX XXXXX                                     00000   MI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    162,000.00                    162,000.00   First Lien                                    -          162,000.00                           -                      -          192,000.00                   84.38
2503208438         SACRAMENTO                                          95820   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    220,000.00                    220,000.00   First Lien                                    -          275,000.00                   55,000.00             275,000.00          275,000.00                   80.00
2503208442         FULLERTON                                           92833   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    672,000.00                    672,000.00   First Lien                                    -          672,000.00                           -                      -          840,000.00                   80.00
2503208447         SANTA XXXXXXX                                       93103   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    998,000.00                    997,097.79   First Lien                                    -          998,000.00                           -                      -        1,350,000.00                   73.93
2503208468         XXXXXXXXXX XXXX                                     00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    456,000.00                    456,000.00   First Lien                                    -          570,000.00                  114,000.00             570,000.00          575,000.00                   80.00
2503208478         KEAAU                                               96749   HI                       20070301                20370201    FIXED                  No                                          360                    360                          359                    116,000.00                    115,884.52   First Lien                                    -          116,000.00                           -                      -          465,000.00                   24.95
2503208480         PAHOA                                               96778   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    135,000.00                    135,000.00   First Lien                                    -          135,000.00                           -                      -          290,000.00                   46.55
2503208489         NORTH LAS VEGAS                                     89030   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    182,400.00                    182,400.00   First Lien                                    -          216,600.00                   34,200.00             230,000.00          228,000.00                   80.00
2503208499         DETROIT                                             48235   MI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    104,400.00                    104,400.00   First Lien                                    -          104,400.00                           -             116,000.00          120,000.00                   90.00
2503208509         XXXXXXX PARK AREA                                   93225   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    344,000.00                    344,000.00   First Lien                                    -          408,500.00                   64,500.00             430,000.00          430,000.00                   80.00
0000000000         CHICAGO                                             60630   IL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    312,000.00                    312,000.00   First Lien                                    -          430,000.00                  118,000.00                      -          430,000.00                   72.56
2503208529         XXXX XXXXXXXXXX                                     00000   FL                       20070301                20370201    ARMS                   Yes                                         360                    480                          359                    279,920.00                    279,831.31   First Lien                                    -          349,900.00                   69,980.00             349,900.00          352,000.00                   80.00
0000000000         FRESNO                                              93722   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    206,250.00                    206,250.00   First Lien                                    -          247,500.00                   41,250.00                      -          275,000.00                   75.00
0000000000         UPPER MARLBORO                                      20772   MD                       20070301                20370201    FIXED                  No                                          360                    360                          359                    524,000.00                    524,000.00   First Lien                                    -          524,000.00                           -                      -          655,000.00                   80.00
2503208542         ROCKVILLE CENTRE                                    11572   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    397,500.00                    397,500.00   First Lien                                    -          503,500.00                  106,000.00                      -          540,000.00                   73.61
2503208543         BROOKLYN                                            11235   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    424,000.00                    424,000.00   First Lien                                    -          530,000.00                  106,000.00             530,000.00          540,000.00                   80.00
2503208548         LAS VEGAS                                           89115   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    243,000.00                    243,000.00   First Lien                                    -          243,000.00                           -                      -          290,000.00                   83.79
2503208563         SACRAMENTO                                          95815   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    120,000.00                    119,895.26   First Lien                                    -          120,000.00                           -                      -          285,000.00                   42.11
2503208579         XXXXX XXXXX                                         00000   SD                       20070401                20370301    ARMS                   No                                          360                    360                          360                     73,550.00                     73,550.00   First Lien                                    -           93,550.00                   20,000.00              98,500.00           98,500.00                   74.67
2503208580         XXXX XXXXX                                          00000   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          250,000.00                   80.00
2503208585         GARDEN GROVE                                        92843   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    469,600.00                    469,600.00   First Lien                                    -          587,000.00                  117,400.00             587,000.00          587,000.00                   80.00
2503208586         SAN DIEGO                                           92126   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    506,000.00                    506,000.00   First Lien                                    -          506,000.00                           -                      -          650,000.00                   77.85
2503208589         WILMINGTON                                          19808   DE                       20070301                20370201    FIXED                  No                                          360                    360                          359                    180,000.00                    180,000.00   First Lien                                    -          228,000.00                   48,000.00             240,000.00          246,000.00                   75.00
2503208591         XXXXXXX                                             33510   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    231,000.00                    230,839.09   First Lien                                    -          330,000.00                   99,000.00             330,000.00          330,000.00                   70.00
2503208593         PROVIDENCE                                           2905   RI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    119,000.00                    119,000.00   First Lien                                    -          170,000.00                   51,000.00                      -          170,000.00                   70.00
2503208608         BROOKLYN                                            11236   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    388,000.00                    388,000.00   First Lien                                    -          485,000.00                   97,000.00             485,000.00          485,000.00                   80.00
2503208613         XXXXXXX                                             00000   XX                       20070401                20370301    FIXED                  No                                          360                    360                          360                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          450,000.00                   66.67
2503208621         PROVIDENCE                                           2909   RI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    184,000.00                    184,000.00   First Lien                                    -          230,000.00                   46,000.00             230,000.00          232,000.00                   80.00
2503208622         MIRAMAR                                             33023   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    175,000.00                    175,000.00   First Lien                                    -          175,000.00                           -                      -          245,000.00                   71.43
0000000000         XXXXXXXXXX XXXX                                     00000   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    417,000.00                    417,000.00   First Lien                                    -          417,000.00                           -                      -          495,000.00                   84.24
2503208625         BUENA PARK                                          90620   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    480,000.00                    480,000.00   First Lien                                    -          600,000.00                  120,000.00                      -          600,000.00                   80.00
2503208636         ORANGE                                              92867   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    258,000.00                    257,766.76   First Lien                                    -          258,000.00                           -                      -          710,000.00                   36.34
2503208660         AUBURN                                              95602   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    352,000.00                    352,000.00   First Lien                                    -          418,000.00                   66,000.00                      -          440,000.00                   80.00
2503208662         PORTSMOUTH                                          23704   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                     96,300.00                     96,300.00   First Lien                                    -           96,300.00                           -             107,000.00          107,800.00                   90.00
2503208667         XXXXXXX                                             00000   XX                       20070301                20370201    FIXED                  No                                          360                    360                          359                    244,000.00                    244,000.00   First Lien                                    -          305,000.00                   61,000.00                      -          310,000.00                   78.71
0000000000         XXXX XXXX XXXXX                                     00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    161,150.00                    161,150.00   First Lien                                    -          204,100.00                   42,950.00             214,900.00          224,000.00                   74.99
2503208673         SPRING VALLEY                                       91977   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    295,200.00                    295,200.00   First Lien                                    -          369,000.00                   73,800.00             369,000.00          390,000.00                   80.00
2503208676         POMPANO BEACH                                       33067   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    384,000.00                    384,000.00   First Lien                                    -          456,000.00                   72,000.00             480,000.00          511,000.00                   80.00
2503208677         PORTSMOUTH                                          23702   VA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    120,400.00                    120,400.00   First Lien                                    -          120,400.00                           -                      -          141,700.00                   84.97
2503208682         BAKERSFIELD                                         93306   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    203,000.00                    203,000.00   First Lien                                    -          203,000.00                           -                      -          290,000.00                   70.00
2503208699         CENTRAL ISLIP                                       11722   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    292,000.00                    292,000.00   First Lien                                    -          365,000.00                   73,000.00             365,000.00          365,000.00                   80.00
2503208713         MINNEAPOLIS                                         55413   MN                       20070401                20370301    ARMS                   No                                          360                    360                          360                    170,400.00                    170,400.00   First Lien                                    -          213,000.00                   42,600.00             213,000.00          213,000.00                   80.00
0000000000         ELGIN                                               60120   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    112,500.00                    112,500.00   First Lien                                    -          132,750.00                   20,250.00                      -          166,000.00                   67.77
2503208715         SAN DIEGO                                           92114   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    395,000.00                    395,000.00   First Lien                                    -          395,000.00                           -                      -          495,000.00                   79.80
2503208723         MIAMI                                               33131   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    552,500.00                    552,500.00   First Lien                                    -          552,500.00                           -             650,000.00          720,000.00                   85.00
2503208726         XXXXX XXXXX                                         00000   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    304,000.00                    304,000.00   First Lien                                    -          361,000.00                   57,000.00                      -          380,000.00                   80.00
2503208728         XXXXX XXXXXXXXXX                                    00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    115,000.00                    115,000.00   First Lien                                    -          115,000.00                           -                      -          144,000.00                   79.86
2503208745         XXXXXXXX                                            00000   XX                       20070301                20370201    ARMS                   No                                          360                    360                          359                    420,000.00                    420,000.00   First Lien                                    -          420,000.00                           -                      -          525,000.00                   80.00
2503208746         CERES                                               95307   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    280,800.00                    280,800.00   First Lien                                    -          351,000.00                   70,200.00             351,000.00          370,000.00                   80.00
2503208753         VOLCANO                                             95689   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    259,000.00                    259,000.00   First Lien                                    -          259,000.00                           -                      -          530,000.00                   48.87
2503208761         BANNING                                             92220   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    252,000.00                    252,000.00   First Lien                                    -          305,000.00                   53,000.00                      -          315,000.00                   80.00
2503208768         PHOENIX                                             85035   AZ                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    164,800.00                    164,800.00   First Lien                                    -          195,700.00                   30,900.00                      -          206,000.00                   80.00
2503208776         EL MONTE                                            91732   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    168,000.00                    168,000.00   First Lien                                    -          168,000.00                           -                      -          435,000.00                   38.62
2503208778         MINNEAPOLIS                                         55412   MN                       20070401                20370301    ARMS                   No                                          360                    360                          360                    156,800.00                    156,800.00   First Lien                                    -          196,000.00                   39,200.00             196,000.00          196,000.00                   80.00
2503208796         HACIENDA HEIGHTS AREA                               91745   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    318,000.00                    318,000.00   First Lien                                    -          318,000.00                           -                      -          460,000.00                   69.13
2503208804         LOS ANGELES                                         90034   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    580,000.00                    580,000.00   First Lien                                    -          580,000.00                           -                      -          725,000.00                   80.00
2503208824         XXXXXXXXXX                                          00000   XX                       20070401                20370301    FIXED                  No                                          360                    360                          360                    152,800.00                    152,800.00   First Lien                                    -          191,000.00                   38,200.00             191,000.00          191,000.00                   80.00
2503208826         PROVIDENCE                                           2909   RI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    268,000.00                    268,000.00   First Lien                                    -          335,000.00                   67,000.00             335,000.00          335,000.00                   80.00
2503208829         XXXXXXXXXX XXXXX                                    00000   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                  1,196,250.00                  1,196,250.00   First Lien                                    -        1,196,250.00                           -           1,595,000.00        1,595,000.00                   75.00
2503208835         RIVERSIDE                                           92503   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    344,000.00                    344,000.00   First Lien                                    -          344,000.00                           -                      -          460,000.00                   74.78
2503208842         SAN MATEO                                           94403   CA                       20070401                20370201    FIXED                  Yes                                         360                    480                          360                    810,000.00                    810,000.00   First Lien                                    -          970,920.00                  160,920.00                      -        1,080,000.00                   75.00
2503208852         MARYSVILLE                                          95901   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    190,800.00                    190,800.00   First Lien                                    -          190,800.00                           -                      -          212,000.00                   90.00
0000000000         BROOKLYN                                            11208   NY                       20070401                20370301    FIXED                  No                                          360                    360                          360                    511,000.00                    511,000.00   First Lien                                    -          693,500.00                  182,500.00                      -          730,000.00                   70.00
2503208872         ROCKVILLE                                           20850   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    423,900.00                    423,900.00   First Lien                                    -          529,850.00                  105,950.00             529,900.00          545,000.00                   80.00
2503208878         HOMESTEAD                                           33032   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    188,250.00                    188,250.00   First Lien                                    -          251,000.00                   62,750.00             251,000.00          255,000.00                   75.00
2503208885         LANCASTER                                           93536   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    452,000.00                    452,000.00   First Lien                                    -          565,000.00                  113,000.00                      -          565,000.00                   80.00
0000000000         KAPAAU                                              96755   HI                       20070301                20370201    ARMS                   No                                          360                    360                          359                    399,500.00                    399,500.00   First Lien                                    -          399,500.00                           -                      -          470,000.00                   85.00
2503208897         BROOKLYN                                            11233   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    484,400.00                    484,400.00   First Lien                                    -          605,500.00                  121,100.00             605,500.00          606,000.00                   80.00
0000000000         HOMESTEAD                                           33032   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    236,000.00                    236,000.00   First Lien                                    -          236,000.00                           -                      -          295,000.00                   80.00
2503208908         LAS VEGAS                                           89121   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    198,750.00                    198,750.00   First Lien                                    -          198,750.00                           -                      -          265,000.00                   75.00
2503208918         XXXXXXXXX                                           00000   XX                       20070401                20370301    ARMS                   Yes                                         360                    480                          360                    438,750.00                    438,750.00   First Lien                                    -          438,750.00                           -                      -          585,000.00                   75.00
2503208921         LOS ANGELES (RESEDA AREA)                           91335   CA                       20070301                20370301    ARMS                   Yes                                         360                    480                          359                    310,000.00                    309,890.87   First Lien                                    -          310,000.00                           -                      -          600,000.00                   51.67
2503208923         XXXXX XXXXX                                         00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    498,750.00                    498,750.00   First Lien                                    -          665,000.00                  166,250.00             665,000.00          665,000.00                   75.00
2503208924         RENTON                                              98055   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    153,750.00                    153,750.00   First Lien                                    -          194,750.00                   41,000.00             205,000.00          205,000.00                   75.00
2503208939         ORLANDO                                             32822   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    133,592.00                    133,592.00   First Lien                                    -          166,990.00                   33,398.00             166,990.00          173,000.00                   80.00
2503208948         AREA OF BIG BEAR CITY                               92314   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    180,000.00                    180,000.00   First Lien                                    -          180,000.00                           -                      -          225,000.00                   80.00
2503208949         CHICAGO                                             60647   IL                       20070301                20370201    FIXED                  No                                          360                    360                          359                    181,500.00                    181,371.90   First Lien                                    -          181,500.00                           -                      -          333,000.00                   54.50
2503208955         VICTORVILLE                                         92394   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    310,500.00                    310,500.00   First Lien                                    -          310,500.00                           -                      -          345,000.00                   90.00
0000000000         SYLMAR                                              91342   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    268,000.00                    268,000.00   First Lien                                    -          335,000.00                   67,000.00             335,000.00          335,000.00                   80.00
2503208966         EL MONTE                                            91731   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    400,000.00                    399,623.39   First Lien                                    -          400,000.00                           -                      -          530,000.00                   75.47
2503208972         XXXXXXX ESTATES                                     60192   IL                       20070401                20370201    ARMS                   Yes                                         360                    480                          360                    555,000.00                    555,000.00   First Lien                                    -          703,000.00                  148,000.00                      -          740,000.00                   75.00
2503208976         IRVINE                                              92602   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    560,000.00                    560,000.00   First Lien                                    -          630,000.00                   70,000.00             700,000.00          730,000.00                   80.00
2503208992         XXXXXXXXX XXXXXXX                                   00000   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    334,000.00                    334,000.00   First Lien                                    -          334,000.00                           -                      -          510,000.00                   65.49
0000000000         SOUTH HOLLAND                                       60473   IL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    142,500.00                    142,500.00   First Lien                                    -          190,000.00                   47,500.00             190,000.00          190,000.00                   75.00
2503208997         XXXXXXXXXX                                          95608   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    265,000.00                    265,000.00   First Lien                                    -          321,000.00                   56,000.00                      -          357,500.00                   74.13
2503209003         ALAMEDA                                             94501   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    185,000.00                    185,000.00   First Lien                                    -          185,000.00                           -                      -          645,000.00                   28.68
2503209008         EWA BEACH                                           96706   HI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    517,500.00                    517,500.00   First Lien                                    -          617,500.00                  100,000.00                      -          650,000.00                   79.62
2503209022         THOUSAND OAKS                                       91230   CA                       20070501                20370401    FIXED                  No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -             794,484.00          795,000.00                   62.93
2503209032         RIVERSIDE                                           92504   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    308,000.00                    308,000.00   First Lien                                    -          308,000.00                           -                      -          475,000.00                   64.84
2503209040         SIMI VALLEY                                         93065   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    520,000.00                    520,000.00   First Lien                                    -          520,000.00                           -                      -          650,000.00                   80.00
0000000000         AURORA                                              60505   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    157,500.00                    157,500.00   First Lien                                    -          202,500.00                   45,000.00                      -          225,000.00                   70.00
2503209046         THOUSAND OAKS                                       91320   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    525,351.00                    525,351.00   First Lien                                    -          525,351.00                           -             750,502.00          751,000.00                   70.00
2503209048         XXXX XXXXX                                          00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    628,000.00                    628,000.00   First Lien                                    -          745,750.00                  117,750.00             785,000.00          785,000.00                   80.00
2503209066         PICO XXXXXX                                         90660   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    280,000.00                    280,000.00   First Lien                                    -          280,000.00                           -                      -          480,000.00                   58.33
2503209081         XXXXXXX                                             00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    104,625.00                    104,625.00   First Lien                                    -          132,525.00                   27,900.00             139,500.00          150,000.00                   75.00
2503209089         XXXXXX                                              00000   XX                       20070401                20370301    FIXED                  No                                          360                    360                          360                    387,000.00                    387,000.00   First Lien                                    -          387,000.00                           -                      -          705,000.00                   54.89
2503209090         XXXXX XXXX                                          00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -                      -          690,000.00                   72.46
0000000000         SANTA XXXXX                                         95051   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    328,000.00                    328,000.00   First Lien                                    -          407,750.00                   79,750.00                      -          410,000.00                   80.00
2503209093         SAN XXXX                                            95121   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    400,000.00                    400,000.00   First Lien                                    -          440,656.00                   40,656.00                      -          710,000.00                   56.34
2503209095         SAN PABLO                                           94806   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    364,000.00                    364,000.00   First Lien                                    -          455,000.00                   91,000.00             455,000.00          455,000.00                   80.00
2503209096         SAN FRANCISCO                                       94118   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    511,110.00                    511,110.00   First Lien                                    -          638,887.00                  127,777.00             638,888.00          638,888.00                   80.00
2503209109         SALINAS                                             93906   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    120,000.00                    120,000.00   First Lien                                    -          120,000.00                           -                      -          550,000.00                   21.82
2503209112         KNOXVILLE                                           37938   TN                       20070301                20370201    ARMS                   No                                          360                    360                          359                    213,750.00                    213,750.00   First Lien                                    -          285,000.00                   71,250.00             285,000.00          285,000.00                   75.00
2503209115         LOS ANGELES                                         90022   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    396,000.00                    396,000.00   First Lien                                    -          465,000.00                   69,000.00                      -          495,000.00                   80.00
2503209119         PORTSMOUTH                                          23707   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    133,000.00                    133,000.00   First Lien                                    -          171,000.00                   38,000.00                      -          190,000.00                   70.00
2503209121         MURRIETA                                            92563   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    540,000.00                    540,000.00   First Lien                                    -          675,000.00                  135,000.00             675,000.00          675,000.00                   80.00
2503209144         WHITE WATER                                         92282   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    168,000.00                    168,000.00   First Lien                                    -          240,000.00                   72,000.00             240,000.00          240,000.00                   70.00
2503209147         GRAIN VALLEY                                        64029   MO                       20070401                20370301    FIXED                  No                                          360                    360                          360                    176,250.00                    176,250.00   First Lien                                    -          223,250.00                   47,000.00             235,000.00          240,000.00                   75.00
2503209154         XXXXXXXXXX                                          95608   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    416,000.00                    416,000.00   First Lien                                    -          416,000.00                           -                      -          520,000.00                   80.00
2503209169         WAIPAHU                                             96797   HI                       20070301                20370301    FIXED                  Yes                                         360                    480                          359                    126,000.00                    125,942.90   First Lien                                    -          126,000.00                           -                      -          185,000.00                   68.11
2503209182         DIAMOND BAR                                         91789   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    428,000.00                    428,000.00   First Lien                                    -          428,000.00                           -                      -          535,000.00                   80.00
2503209184         BLOOMINGTON                                         92316   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    400,000.00                    400,000.00   First Lien                                    -          500,000.00                  100,000.00             500,000.00          500,000.00                   80.00
2503209206         XXXX XXXXX XXXXXXX                                  00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    397,500.00                    397,500.00   First Lien                                    -          503,500.00                  106,000.00                      -          530,000.00                   75.00
2503209213         SAN BERNARDINO                                      92405   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    140,000.00                    140,000.00   First Lien                                    -          140,000.00                           -                      -          295,000.00                   47.46
2503209215         CANYON COUNTRY AREA                                 91387   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    266,000.00                    266,000.00   First Lien                                    -          361,000.00                   95,000.00                      -          380,000.00                   70.00
2503209216         XXXXXX XXXX                                         00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    412,000.00                    412,000.00   First Lien                                    -          515,000.00                  103,000.00             515,000.00          515,000.00                   80.00
2503209229         ORLANDO                                             32821   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    248,850.00                    248,850.00   First Lien                                    -          248,850.00                           -             331,800.00          332,000.00                   75.00
2503209232         LOS ANGELES                                         91344   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    508,800.00                    508,800.00   First Lien                                    -          625,800.00                  117,000.00                      -          636,000.00                   80.00
2503209238         KANEOHE                                             96744   HI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    441,000.00                    441,000.00   First Lien                                    -          441,000.00                           -                      -          630,000.00                   70.00
2503209239         MANTECA                                             95336   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    480,000.00                    480,000.00   First Lien                                    -          480,000.00                           -                      -          641,000.00                   74.88
2503209254         XXXXXXX                                             32778   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    252,700.00                    252,700.00   First Lien                                    -          252,700.00                           -             266,000.00          266,000.00                   95.00
0000000000         LOS ANGELES                                         90011   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    520,000.00                    520,000.00   First Lien                                    -          650,000.00                  130,000.00             650,000.00          650,000.00                   80.00
2503209270         HAYWARD                                             94541   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    608,000.00                    608,000.00   First Lien                                    -          760,000.00                  152,000.00             760,000.00          760,000.00                   80.00
2503209275         FONTANA                                             92336   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    300,000.00                    300,000.00   First Lien                                    -          482,446.00                  182,446.00                      -          525,000.00                   57.14
2503209287         ELK GROVE                                           95757   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    505,000.00                    505,000.00   First Lien                                    -          505,000.00                           -                      -          655,000.00                   77.10
2503209289         LOS ANGELES                                         90003   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    412,000.00                    412,000.00   First Lien                                    -          515,000.00                  103,000.00                      -          515,000.00                   80.00
2503209300         CHARLESTON                                          29412   SC                       20070401                20370301    ARMS                   No                                          360                    360                          360                    306,000.00                    306,000.00   First Lien                                    -          306,000.00                           -                      -          340,000.00                   90.00
2503209302         XXXXX XXXX                                          00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    550,000.00                    550,000.00   First Lien                                    -          550,000.00                           -                      -          750,000.00                   73.33
2503209306         XXXX XXXXXX XXXXX                                   00000   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    136,000.00                    136,000.00   First Lien                                    -          136,000.00                           -                      -          170,000.00                   80.00
2503209312         XXXXXXX XXXXX                                       00000   NC                       20070401                20370301    ARMS                   No                                          360                    360                          360                     81,900.00                     81,900.00   First Lien                                    -           86,900.00                    5,000.00             100,000.00           91,000.00                   90.00
2503209318         OZONE PARK                                          11417   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    368,000.00                    368,000.00   First Lien                                    -          368,000.00                           -                      -          460,000.00                   80.00
2503209336         RIVERSIDE                                           92504   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                    380,000.00                    379,687.90   First Lien                                    -          380,000.00                           -                      -          475,000.00                   80.00
2503209346         KELSEYVILLE                                         95451   CA                       20070401                20370201    FIXED                  Yes                                         360                    480                          360                    216,000.00                    216,000.00   First Lien                                    -          216,000.00                           -                      -          455,000.00                   47.47
2503209354         SAINT CLOUD                                         34769   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    156,000.00                    156,000.00   First Lien                                    -          156,000.00                           -                      -          240,000.00                   65.00
2503209362         JERSEY CITY                                          7304   NJ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    240,000.00                    240,000.00   First Lien                                    -          288,000.00                   48,000.00                      -          320,000.00                   75.00
2503209369         AREA XX XXXX XX XXXX                                00000   CA                       20070301                20370201    ARMS                   No                                          360                    360                          359                    750,000.00                    750,000.00   First Lien                                    -        1,000,000.00                  250,000.00           1,000,000.00        1,150,000.00                   75.00
2503209370         XXXXXXXX                                            00000   XX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    540,000.00                    540,000.00   First Lien                                    -          675,000.00                  135,000.00             675,000.00          675,000.00                   80.00
2503209384         SAN JACINTO                                         92583   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    165,500.00                    165,500.00   First Lien                                    -          165,500.00                           -                      -          260,000.00                   63.65
2503209387         ANTIOCH                                             94531   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    611,000.00                    611,000.00   First Lien                                    -          760,133.00                  149,133.00                      -          850,000.00                   71.88
2503209389         BELLFLOWER                                          90706   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    251,000.00                    251,000.00   First Lien                                    -          251,000.00                           -                      -          515,000.00                   48.74
0000000000         SAN JACINTO                                         92583   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    148,000.00                    148,000.00   First Lien                                    -          148,000.00                           -                      -          250,000.00                   59.20
2503209400         HERRIMAN                                            84096   UT                       20070401                20370301    ARMS                   No                                          360                    360                          360                    584,000.00                    584,000.00   First Lien                                    -          584,000.00                           -                      -          733,000.00                   79.67
2503209409         GLENDALE                                            91208   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    495,000.00                    495,000.00   First Lien                                    -          495,000.00                           -                      -          707,000.00                   70.01
2503209416         WEST FRIENDSHIP                                     21794   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    514,000.00                    514,000.00   First Lien                                    -          642,500.00                  128,500.00             642,500.00          643,000.00                   80.00
2503209418         SAINT XXXX                                          55106   MN                       20070301                20370201    ARMS                   No                                          360                    360                          359                    131,250.00                    131,250.00   First Lien                                    -          166,250.00                   35,000.00             175,000.00          179,000.00                   75.00
2503209422         SAN DIEGO                                           92154   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    320,000.00                    320,000.00   First Lien                                    -          320,000.00                           -                      -          520,000.00                   61.54
2503209436         LAS VEGAS                                           89129   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    325,000.00                    325,000.00   First Lien                                    -          325,000.00                           -                      -          410,000.00                   79.27
2503209452         WESTON                                              33327   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    630,400.00                    630,400.00   First Lien                                    -          788,000.00                  157,600.00             788,000.00          850,000.00                   80.00
2503209455         VICTORVILLE                                         92395   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    262,425.00                    262,425.00   First Lien                                    -          332,405.00                   69,980.00             349,900.00          349,900.00                   75.00
2503209457         RIVERSIDE                                           92506   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    750,000.00                    750,000.00   First Lien                                    -        1,050,000.00                  300,000.00           1,050,000.00        1,050,000.00                   71.43
0000000000         ANTELOPE                                            95843   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    340,800.00                    340,800.00   First Lien                                    -          398,800.00                   58,000.00                      -          426,000.00                   80.00
2503209471         SAN XXXX                                            95111   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    519,200.00                    519,200.00   First Lien                                    -          519,200.00                           -                      -          649,000.00                   80.00
2503209474         VICTORVILLE                                         92395   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    276,450.00                    276,450.00   First Lien                                    -          276,450.00                           -                      -          395,000.00                   69.99
2503209477         SAN XXXX                                            95148   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    544,000.00                    544,000.00   First Lien                                    -          544,000.00                           -                      -          680,000.00                   80.00
2503209478         XXXX XXXXXXXXXX                                     00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    217,350.00                    217,350.00   First Lien                                    -          310,500.00                   93,150.00             310,500.00          350,000.00                   70.00
2503209485         LINCOLN                                             95648   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    336,000.00                    336,000.00   First Lien                                    -          336,000.00                           -                      -          458,803.00                   73.23
2503209496         APPLE VALLEY                                        55124   MN                       20070401                20370301    ARMS                   No                                          360                    360                          360                    212,000.00                    212,000.00   First Lien                                    -          265,000.00                   53,000.00             265,000.00          265,000.00                   80.00
0000000000         BROOKLYN                                            11206   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    540,000.00                    540,000.00   First Lien                                    -          675,000.00                  135,000.00             675,000.00          675,000.00                   80.00
2503209504         HOMESTEAD                                           33030   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    194,400.00                    194,400.00   First Lien                                    -          194,400.00                           -                      -          243,000.00                   80.00
2503209508         XXXX XXXXXXXXXX                                     00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    217,500.00                    217,500.00   First Lien                                    -          261,000.00                   43,500.00             290,000.00          295,000.00                   75.00
2503209515         PLAINFIELD                                          60544   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    338,000.00                    338,000.00   First Lien                                    -          338,000.00                           -                      -          430,000.00                   78.60
2503209523         XXXXXX                                              11423   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    484,000.00                    484,000.00   First Lien                                    -          605,000.00                  121,000.00             605,000.00          605,000.00                   80.00
2503209535         XXXXXXXX                                            00000   XX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    376,000.00                    376,000.00   First Lien                                    -          470,000.00                   94,000.00             470,000.00          470,000.00                   80.00
2503209557         ATWATER                                             95301   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    138,000.00                    138,000.00   First Lien                                    -          138,000.00                           -                      -          255,000.00                   54.12
2503209558         FONTANA                                             92335   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    285,000.00                    285,000.00   First Lien                                    -          361,000.00                   76,000.00             380,000.00          390,000.00                   75.00
2503209564         XXXXXX                                              00000   XX                       20070401                20370301    FIXED                  No                                          360                    360                          360                    352,000.00                    352,000.00   First Lien                                    -          352,000.00                           -                      -          635,000.00                   55.43
2503209587         LOS ANGELES                                         90062   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    364,000.00                    364,000.00   First Lien                                    -          455,000.00                   91,000.00             455,000.00          455,000.00                   80.00
2503209607         PROVIDENCE                                           2907   RI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    261,000.00                    261,000.00   First Lien                                    -          348,000.00                   87,000.00             348,000.00          348,000.00                   75.00
2503209610         TUSTIN                                              92780   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    360,000.00                    360,000.00   First Lien                                    -          360,000.00                           -                      -          640,000.00                   56.25
2503209615         WAIANAE                                             96792   HI                       20070301                20370301    FIXED                  Yes                                         360                    480                          359                    257,000.00                    256,884.32   First Lien                                    -          257,000.00                           -                      -          380,000.00                   67.63
2503209632         JACKSONVILLE                                        32226   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    216,000.00                    216,000.00   First Lien                                    -          256,500.00                   40,500.00                      -          270,000.00                   80.00
2503209633         LAS VEGAS                                           89108   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    168,000.00                    168,000.00   First Lien                                    -          168,000.00                           -                      -          210,000.00                   80.00
2503209641         PARAMOUNT                                           90723   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    423,200.00                    423,200.00   First Lien                                    -          529,000.00                  105,800.00             529,000.00          529,000.00                   80.00
2503209646         CHESTERFIELD                                        23832   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    116,250.00                    116,250.00   First Lien                                    -          139,500.00                   23,250.00                      -          155,000.00                   75.00
2503209661         ROYAL  PALM BEACH                                   33411   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    217,500.00                    217,500.00   First Lien                                    -          275,500.00                   58,000.00                      -          290,000.00                   75.00
2503209673         COACHELLA                                           92236   CA                       20070401                20370301    ARMS                   Yes                                         360                    480                          360                    156,000.00                    156,000.00   First Lien                                    -          156,000.00                           -                      -          240,000.00                   65.00
2503209675         VISTA                                               92083   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    357,000.00                    357,000.00   First Lien                                    -          357,000.00                           -                      -          420,000.00                   85.00
2503209685         NORTH LAUDERDALE                                    33068   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    242,100.00                    242,100.00   First Lien                                    -          242,100.00                           -             269,000.00          280,000.00                   90.00
2503209701         CHICAGO                                             60622   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    517,500.00                    517,500.00   First Lien                                    -          654,000.00                  136,500.00                      -          690,000.00                   75.00
2503209708         SALINAS                                             93905   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    390,000.00                    390,000.00   First Lien                                    -          390,000.00                           -                      -          545,000.00                   71.56
2503209716         XXXXXXXX XXXX                                       00000   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    449,400.00                    449,400.00   First Lien                                    -          561,750.00                  112,350.00             561,800.00          565,000.00                   79.99
2503209737         BRONX                                               10462   NY                       20070401                20370301    FIXED                  No                                          360                    360                          360                    386,250.00                    386,250.00   First Lien                                    -          489,250.00                  103,000.00             515,000.00          515,000.00                   75.00
2503209739         LOS ANGELES                                         90043   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    385,600.00                    385,600.00   First Lien                                    -          433,800.00                   48,200.00                      -          482,000.00                   80.00
2503209740         CORAL SPRINGS                                       33065   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    261,750.00                    261,750.00   First Lien                                    -          349,000.00                   87,250.00             349,000.00          415,000.00                   75.00
2503209742         INGLEWOOD                                           90305   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    442,500.00                    442,500.00   First Lien                                    -          482,550.00                   40,050.00                      -          590,000.00                   75.00
2503209749         SARASOTA                                            34238   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    300,000.00                    300,000.00   First Lien                                    -          400,000.00                  100,000.00             400,000.00          400,000.00                   75.00
2503209755         BAKERSFIELD                                         93305   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    175,700.00                    175,700.00   First Lien                                    -          175,700.00                           -                      -          227,000.00                   77.40
2503209756         MENDOTA                                             93640   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    228,000.00                    228,000.00   First Lien                                    -          270,750.00                   42,750.00             285,000.00          285,000.00                   80.00
2503209765         XXXXXXXX XXXXXX                                     00000   NV                       20070301                20370201    ARMS                   No                                          360                    360                          359                    112,000.00                    112,000.00   First Lien                                    -          112,000.00                           -                      -          170,000.00                   65.88
2503209773         XXXXXXX                                             00000   XX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    323,500.00                    323,500.00   First Lien                                    -          323,500.00                           -                      -          500,000.00                   64.70
2503209780         LAWNDALE                                            90260   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    325,000.00                    325,000.00   First Lien                                    -          325,000.00                           -                      -          680,000.00                   47.79
2503209786         XXXXX XXXXX XXXXX                                   00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    280,000.00                    280,000.00   First Lien                                    -          350,000.00                   70,000.00                      -          350,000.00                   80.00
0000000000         HOLLISTER                                           95023   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    800,000.00                    800,000.00   First Lien                                    -        1,186,550.00                  386,550.00           1,249,000.00        1,249,000.00                   64.05
2503209818         ALGONQUIN                                           60102   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    252,750.00                    252,750.00   First Lien                                    -          337,000.00                   84,250.00             337,000.00          337,000.00                   75.00
2503209832         XXXXXX XXXXX                                        00000   SC                       20070401                20370301    FIXED                  No                                          360                    360                          360                    128,400.00                    128,400.00   First Lien                                    -          152,475.00                   24,075.00             160,500.00          165,000.00                   80.00
2503209839         SNELLVILLE                                          30078   GA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    110,400.00                    110,400.00   First Lien                                    -          110,400.00                           -                      -          125,000.00                   88.32
2503209843         HOMESTEAD                                           33032   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    268,000.00                    268,000.00   First Lien                                    -          335,000.00                   67,000.00             335,000.00          335,000.00                   80.00
2503209854         GARDENA                                             90249   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    357,500.00                    357,500.00   First Lien                                    -          357,500.00                           -                      -          550,000.00                   65.00
2503209864         CHARLOTTE                                           28269   NC                       20070401                20370301    ARMS                   No                                          360                    360                          360                    280,000.00                    280,000.00   First Lien                                    -          350,000.00                   70,000.00                      -          350,000.00                   80.00
2503209866         LOS ANGELES (PACOIMA AREA                           91331   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    231,200.00                    231,200.00   First Lien                                    -          289,000.00                   57,800.00             289,000.00          289,000.00                   80.00
2503209874         RANCHO CUCAMONGA                                    91730   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    303,500.00                    303,500.00   First Lien                                    -          303,500.00                           -                      -          425,000.00                   71.41
2503209880         STOCKTON                                            95210   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    203,000.00                    203,000.00   First Lien                                    -          203,000.00                           -                      -          298,000.00                   68.12
2503209881         XXXXXX XXXX                                         00000   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    504,000.00                    504,000.00   First Lien                                    -          672,000.00                  168,000.00                      -          672,000.00                   75.00
2503209883         NORTH LAS VEGAS                                     89031   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    340,000.00                    340,000.00   First Lien                                    -          340,000.00                           -                      -          430,000.00                   79.07
2503209889         WILLOWBROOK                                         60527   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    117,750.00                    117,750.00   First Lien                                    -          157,000.00                   39,250.00             157,000.00          158,000.00                   75.00
2503209891         LEHIGH ACRES                                        33971   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    259,200.00                    259,200.00   First Lien                                    -          259,200.00                           -                      -          324,000.00                   80.00
2503209896         KEAAU                                               96749   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    221,600.00                    221,600.00   First Lien                                    -          221,600.00                           -                      -          277,000.00                   80.00
2503209907         POMONA                                              91767   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    189,750.00                    189,750.00   First Lien                                    -          253,000.00                   63,250.00             253,000.00          290,000.00                   75.00
2503209931         HIALEAH                                             33014   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    149,592.00                    149,592.00   First Lien                                    -          186,990.00                   37,398.00             186,990.00          191,000.00                   80.00
2503209937         SAN XXXX                                            95111   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    385,000.00                    385,000.00   First Lien                                    -          385,000.00                           -                      -          680,000.00                   56.62
2503209942         XXXXXXXXXX                                          00000   XX                       20070401                20370301    ARMS                   Yes                                         360                    480                          360                    442,450.00                    442,450.00   First Lien                                    -          553,100.00                  110,650.00             553,100.00          555,000.00                   79.99
2503209945         PORTSMOUTH                                          23707   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    175,000.00                    175,000.00   First Lien                                    -          200,000.00                   25,000.00                      -          250,000.00                   70.00
2503209958         SAN FRANCISCO                                       94131   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    332,000.00                    332,000.00   First Lien                                    -          332,000.00                           -                      -          515,000.00                   64.47
2503209971         DAVIE                                               33328   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    150,500.00                    150,500.00   First Lien                                    -          204,250.00                   53,750.00             215,000.00          263,000.00                   70.00
2503209975         XXXXXXX                                             00000   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    408,000.00                    408,000.00   First Lien                                    -          408,000.00                           -                      -          510,000.00                   80.00
2503209984         PICO XXXXXX                                         90660   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    294,000.00                    294,000.00   First Lien                                    -          420,000.00                  126,000.00             420,000.00          425,000.00                   70.00
2503209992         COVINA AREA                                         91722   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    260,000.00                    260,000.00   First Lien                                    -          260,000.00                           -                      -          489,000.00                   53.17
2503209994         CORONA                                              92880   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    494,400.00                    494,400.00   First Lien                                    -          618,000.00                  123,600.00             618,000.00          650,000.00                   80.00
2503209998         XXXXXXXXX                                           00000   XX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    427,920.00                    427,920.00   First Lien                                    -          534,900.00                  106,980.00             534,900.00          545,000.00                   80.00
2503210000         XXXX XXXXXX                                         22027   VA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    690,000.00                    690,000.00   First Lien                                    -          690,000.00                           -                      -        1,050,000.00                   65.71
2503210002         MIAMI                                               33131   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    244,000.00                    244,000.00   First Lien                                    -          305,000.00                   61,000.00             305,000.00          569,600.00                   80.00
2503210019         OAKLAND                                             94602   CA                       20070401                20370201    FIXED                  Yes                                         360                    480                          360                    584,000.00                    584,000.00   First Lien                                    -          693,500.00                  109,500.00                      -          730,000.00                   80.00
2503210030         MIAMI                                               33176   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    119,250.00                    119,250.00   First Lien                                    -          159,000.00                   39,750.00             159,000.00          168,000.00                   75.00
2503210031         XXXXXXXX XXXXX                                      00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    118,000.00                    118,000.00   First Lien                                    -          118,000.00                           -                      -          160,000.00                   73.75
2503210042         RENO                                                89523   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    347,000.00                    347,000.00   First Lien                                    -          347,000.00                           -                      -          625,000.00                   55.52
2503210043         XXXXXX VALLEY                                       92557   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    391,000.00                    391,000.00   First Lien                                    -          391,000.00                           -                      -          460,000.00                   85.00
2503210044         EL CAJON                                            92021   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    360,000.00                    360,000.00   First Lien                                    -          360,000.00                           -                      -          455,000.00                   79.12
2503210061         VALLEJO                                             94591   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    254,000.00                    254,000.00   First Lien                                    -          254,000.00                           -                      -          350,000.00                   72.57
2503210069         AIEA                                                96701   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    482,000.00                    482,000.00   First Lien                                    -          482,000.00                           -                      -          830,000.00                   58.07
2503210072         OAKLEY                                              94561   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    191,000.00                    191,000.00   First Lien                                    -          191,000.00                           -                      -          442,000.00                   43.21
2503210077         CHICAGO                                             60636   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    120,000.00                    120,000.00   First Lien                                    -          152,000.00                   32,000.00             160,000.00          165,000.00                   75.00
2503210078         HERCULES                                            94547   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    452,800.00                    452,800.00   First Lien                                    -          537,700.00                   84,900.00             566,000.00          575,000.00                   80.00
2503210097         AUBURN                                              98001   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    352,950.00                    352,950.00   First Lien                                    -          441,150.00                   88,200.00             441,200.00          448,000.00                   80.00
2503210111         CHICAGO                                             60647   IL                       20070401                20220301    FIXED                  No                                          180                    180                          180                    180,000.00                    180,000.00   First Lien                                    -          180,000.00                           -                      -          390,000.00                   46.15
2503210121         XXXXXXX                                             90680   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    496,000.00                    496,000.00   First Lien                                    -          496,000.00                           -                      -          620,000.00                   80.00
2503210125         RICHMOND                                            23223   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    128,000.00                    128,000.00   First Lien                                    -          160,000.00                   32,000.00             160,000.00          165,000.00                   80.00
2503210134         VICTORVILLE                                         92395   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    216,000.00                    216,000.00   First Lien                                    -          270,000.00                   54,000.00                      -          270,000.00                   80.00
2503210138         XXXXXX                                              90241   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          385,000.00                   77.92
0000000000         XXXXXXX                                             00000   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    346,750.00                    346,750.00   First Lien                                    -          346,750.00                           -                      -          365,000.00                   95.00
2503210142         WOLCOTT                                              6716   CT                       20070401                20370301    FIXED                  No                                          360                    360                          360                    142,500.00                    142,500.00   First Lien                                    -          142,500.00                           -                      -          190,000.00                   75.00
2503210147         XXX XXXXXXX XXXX                                    00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    273,000.00                    273,000.00   First Lien                                    -          390,000.00                  117,000.00             390,000.00          390,000.00                   70.00
2503210159         SANTA CLARITA                                       91387   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    420,000.00                    420,000.00   First Lien                                    -          525,000.00                  105,000.00             525,000.00          540,000.00                   80.00
2503210184         GREENFIELD                                          93927   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    400,000.00                    400,000.00   First Lien                                    -          500,000.00                  100,000.00             500,000.00          500,000.00                   80.00
2503210189         BROOKLYN                                            11205   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    517,500.00                    517,500.00   First Lien                                    -          655,500.00                  138,000.00             690,000.00          690,000.00                   75.00
2503210190         XXXXXXX                                             93906   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    528,000.00                    528,000.00   First Lien                                    -          528,000.00                           -                      -          660,000.00                   80.00
2503210210         NEWPORT NEWS                                        23607   VA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    162,000.00                    162,000.00   First Lien                                    -          162,000.00                           -             180,000.00          181,600.00                   90.00
2503210212         NAPLES                                              34112   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    284,500.00                    284,500.00   First Lien                                    -          284,500.00                           -                      -          335,000.00                   84.93
2503210217         XXXXXXXXXX                                          60538   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    128,150.00                    128,150.00   First Lien                                    -          128,150.00                           -             134,900.00          135,000.00                   95.00
0000000000         STONE PARK                                          60165   IL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    149,000.00                    149,000.00   First Lien                                    -          249,900.00                  100,900.00             249,900.00          250,000.00                   59.62
2503210233         LAS VEGAS                                           89144   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    312,000.00                    312,000.00   First Lien                                    -          390,000.00                   78,000.00                      -          390,000.00                   80.00
2503210243         APPLE VALLEY                                        92307   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    248,500.00                    248,500.00   First Lien                                    -          355,000.00                  106,500.00                      -          355,000.00                   70.00
2503210257         JAMAICA                                             11433   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    460,000.00                    460,000.00   First Lien                                    -          575,000.00                  115,000.00             575,000.00          585,000.00                   80.00
2503210268         FRESNO                                              93702   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    110,500.00                    110,500.00   First Lien                                    -          110,500.00                           -             130,000.00          130,000.00                   85.00
2503210275         LOS ANGELES (SYLMAR AREA)                           91342   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    464,000.00                    464,000.00   First Lien                                    -          580,000.00                  116,000.00             580,000.00          580,000.00                   80.00
2503210287         STOCKTON                                            95209   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    301,600.00                    301,600.00   First Lien                                    -          377,000.00                   75,400.00             377,000.00          380,000.00                   80.00
2503210288         HIALEAH                                             33018   FL                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    289,000.00                    289,000.00   First Lien                                    -          289,000.00                           -                      -          350,000.00                   82.57
2503210293         CORAL GABLES                                        33134   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    172,400.00                    172,400.00   First Lien                                    -          206,850.00                   34,450.00             229,900.00          229,900.00                   74.99
2503210296         ORLANDO                                             32818   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    163,500.00                    163,500.00   First Lien                                    -          207,100.00                   43,600.00                      -          218,000.00                   75.00
2503210297         XXXX GARDENS                                        90201   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    255,000.00                    255,000.00   First Lien                                    -          255,000.00                           -                      -          340,000.00                   75.00
2503210303         LONG BEACH                                          90805   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    338,250.00                    338,250.00   First Lien                                    -          451,000.00                  112,750.00             451,000.00          451,000.00                   75.00
2503210320         XXXXXXXXXX                                          00000   XX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    202,000.00                    202,000.00   First Lien                                    -          202,000.00                           -                      -          265,000.00                   76.23
2503210342         MIAMI                                               33134   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    167,700.00                    167,700.00   First Lien                                    -          223,600.00                   55,900.00             223,600.00          225,000.00                   75.00
2503210346         KENT                                                98031   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    263,000.00                    263,000.00   First Lien                                    -          263,000.00                           -                      -          317,000.00                   82.97
0000000000         BROOKLYN                                            11208   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    442,450.00                    442,450.00   First Lien                                    -          553,100.00                  110,650.00             553,100.00          590,000.00                   79.99
2503210350         XXXXXXXXXX XXXX                                     00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    320,000.00                    320,000.00   First Lien                                    -          400,000.00                   80,000.00             400,000.00          420,000.00                   80.00
2503210365         XXXXXXXX                                            00000   XX                       20070401                20370301    FIXED                  No                                          360                    360                          360                    278,000.00                    278,000.00   First Lien                                    -          278,000.00                           -                      -          375,000.00                   74.13
2503210377         XXXXXX                                              00000   XX                       20070401                20370301    FIXED                  No                                          360                    360                          360                    137,000.00                    137,000.00   First Lien                                    -          137,000.00                           -                      -          260,000.00                   52.69
2503210390         SAN MARCOS                                          92069   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    442,000.00                    442,000.00   First Lien                                    -          442,000.00                           -                      -          520,000.00                   85.00
2503210391         CITRUS HEIGHTS                                      95621   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    185,000.00                    185,000.00   First Lien                                    -          185,000.00                           -                      -          335,000.00                   55.22
2503210393         XXXXXXXXX                                           00000   XX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    599,200.00                    599,200.00   First Lien                                    -          749,000.00                  149,800.00             749,000.00          801,000.00                   80.00
2503210404         OAKLAND                                             94621   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    250,000.00                    250,000.00   First Lien                                    -          250,000.00                           -                      -          555,000.00                   45.05
2503210406         LOS ANGELES (WEST HILLS A                           91307   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    572,000.00                    572,000.00   First Lien                                    -          715,000.00                  143,000.00             715,000.00          800,000.00                   80.00
2503210409         LAKEWOOD                                            90712   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    460,000.00                    460,000.00   First Lien                                    -          517,500.00                   57,500.00                      -          575,000.00                   80.00
0000000000         MAPLE VALLEY                                        98038   WA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    286,500.00                    286,500.00   First Lien                                    -          286,500.00                           -                      -          359,000.00                   79.81
2503210445         MIAMI                                               33150   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    134,000.00                    134,000.00   First Lien                                    -          134,000.00                           -                      -          290,000.00                   46.21
2503210451         XXXX XXXXX                                          00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    480,000.00                    480,000.00   First Lien                                    -          600,000.00                  120,000.00             600,000.00          601,000.00                   80.00
2503210457         XXXXXXXX                                            00000   XX                       20070401                20370301    FIXED                  No                                          360                    360                          360                    216,000.00                    216,000.00   First Lien                                    -          270,000.00                   54,000.00             270,000.00          278,000.00                   80.00
2503210458         COVINA                                              91724   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    375,000.00                    375,000.00   First Lien                                    -          375,000.00                           -                      -          565,000.00                   66.37
2503210465         LAS VEGAS                                           89178   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    498,688.00                    498,688.00   First Lien                                    -          623,360.00                  124,672.00             623,360.00          624,000.00                   80.00
2503210469         SAN DIEGO                                           92114   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    336,500.00                    336,500.00   First Lien                                    -          336,500.00                           -                      -          475,000.00                   70.84
2503210487         ROYAL PALM BEACH                                    33411   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    145,500.00                    145,500.00   First Lien                                    -          184,300.00                   38,800.00             194,000.00          196,000.00                   75.00
2503210493         LAS VEGAS                                           89117   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    303,570.00                    303,570.00   First Lien                                    -          303,570.00                           -                      -          360,000.00                   84.33
2503210503         NORTH LAS VEGAS                                     89030   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    202,000.00                    202,000.00   First Lien                                    -          202,000.00                           -                      -          265,000.00                   76.23
2503210505         LANCASTER                                           93534   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    247,500.00                    247,500.00   First Lien                                    -          247,500.00                           -                      -          330,000.00                   75.00
2503210511         FAIRFAX                                             22033   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    357,700.00                    357,700.00   First Lien                                    -          357,700.00                           -                      -          511,000.00                   70.00
0000000000         XXXXXX XXXX                                         00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    400,000.00                    400,000.00   First Lien                                    -          500,000.00                  100,000.00             505,000.00          500,000.00                   80.00
2503210527         HILO                                                96720   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    625,000.00                    625,000.00   First Lien                                    -          625,000.00                           -                      -          919,500.00                   67.97
2503210533         XXXXX XXXX                                          00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    344,000.00                    344,000.00   First Lien                                    -          430,000.00                   86,000.00             430,000.00          432,500.00                   80.00
2503210540         XXXXXXX                                             00000   XX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    296,250.00                    296,250.00   First Lien                                    -          375,250.00                   79,000.00             395,000.00          425,000.00                   75.00
0000000000         MIAMI                                               33166   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    140,800.00                    140,800.00   First Lien                                    -          187,700.00                   46,900.00             187,800.00          190,000.00                   74.97
2503210555         MIAMI                                               33137   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    309,600.00                    309,600.00   First Lien                                    -          387,000.00                   77,400.00             387,000.00          387,000.00                   80.00
0000000000         LYNWOOD                                             90262   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    397,500.00                    397,500.00   First Lien                                    -          530,000.00                  132,500.00             530,000.00          530,000.00                   75.00
2503210570         BRIDGEPORT                                           6610   CT                       20070401                20370301    FIXED                  No                                          360                    360                          360                    140,000.00                    140,000.00   First Lien                                    -          140,000.00                           -                      -          300,000.00                   46.67
2503210572         FONTANA                                             92337   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    372,000.00                    372,000.00   First Lien                                    -          372,000.00                           -                      -          450,000.00                   82.67
2503210577         SACRAMENTO                                          95829   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    377,000.00                    377,000.00   First Lien                                    -          377,000.00                           -                      -          510,000.00                   73.92
0000000000         POMONA                                              91766   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    375,200.00                    375,200.00   First Lien                                    -          445,550.00                   70,350.00                      -          470,000.00                   79.83
2503210597         AVENTURA                                            33180   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    272,700.00                    272,700.00   First Lien                                    -          340,850.00                   68,150.00             340,900.00          360,000.00                   79.99
2503210609         MILL VALLEY                                         94941   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    440,000.00                    440,000.00   First Lien                                    -          440,000.00                           -                      -        1,450,000.00                   30.34
2503210623         WILLIAMSBURG                                        23185   VA                       20070401                20220301    FIXED                  No                                          180                    180                          180                    293,250.00                    293,250.00   First Lien                                    -          293,250.00                           -                      -          488,500.00                   60.03
2503210625         NEWPORT NEWS                                        23607   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    134,100.00                    134,100.00   First Lien                                    -          134,100.00                           -             149,000.00          150,500.00                   90.00
0000000000         XXXXXXXXXXX XXXXXXX                                 00000   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    556,000.00                    556,000.00   First Lien                                    -          695,000.00                  139,000.00             695,000.00          695,000.00                   80.00
2503210640         ELK GROVE                                           95624   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    340,000.00                    340,000.00   First Lien                                    -          340,000.00                           -                      -          515,000.00                   66.02
2503210648         NORTH MIAMI                                         33181   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    540,000.00                    540,000.00   First Lien                                    -          720,000.00                  180,000.00             720,000.00          720,000.00                   75.00
2503210666         GRANBY                                               6035   CT                       20070401                20370301    ARMS                   No                                          360                    360                          360                    238,000.00                    238,000.00   First Lien                                    -          238,000.00                           -                      -          280,000.00                   85.00
2503210668         NATIONAL CITY                                       91950   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    315,000.00                    315,000.00   First Lien                                    -          420,000.00                  105,000.00                      -          420,000.00                   75.00
2503210672         XXXXXXX XXXX                                        00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    285,000.00                    285,000.00   First Lien                                    -          380,000.00                   95,000.00             380,000.00          385,000.00                   75.00
2503210674         PALMDALE                                            93550   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    296,250.00                    296,250.00   First Lien                                    -          342,250.00                   46,000.00                      -          395,000.00                   75.00
2503210691         FRESNO                                              93710   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    210,000.00                    210,000.00   First Lien                                    -          210,000.00                           -                      -          295,000.00                   71.19
2503210693         XXXX XXXXXXX                                        00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    313,800.00                    313,800.00   First Lien                                    -          389,230.00                   75,430.00                      -          478,000.00                   65.65
0000000000         (XXXXXX XXXX) LOS ANGELES                           91342   CA                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    420,000.00                    420,000.00   First Lien                                    -          420,000.00                           -                      -          550,000.00                   76.36
2503210718         XXXXX                                               95377   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    465,000.00                    465,000.00   First Lien                                    -          465,000.00                           -             665,000.00          665,000.00                   69.92
2503210722         WINCHESTER                                          92596   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    330,000.00                    330,000.00   First Lien                                    -          392,800.00                   62,800.00                      -          440,000.00                   75.00
2503210726         RENTON                                              98056   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    286,000.00                    286,000.00   First Lien                                    -          286,000.00                           -                      -          395,000.00                   72.41
2503210732         XXXXXXX                                             90680   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    257,250.00                    257,250.00   First Lien                                    -          343,000.00                   85,750.00             343,000.00          355,000.00                   75.00
2503210746         SAN XXXX                                            95122   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    503,700.00                    503,700.00   First Lien                                    -          503,700.00                           -                      -          697,000.00                   72.27
2503210757         LOS ANGELES                                         90002   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    368,000.00                    368,000.00   First Lien                                    -          368,000.00                           -                      -          410,000.00                   89.76
2503210765         NEWARK                                               7105   NJ                       20070401                20370301    ARMS                   No                                          360                    360                          360                    527,200.00                    527,200.00   First Lien                                    -          659,000.00                  131,800.00             659,000.00          659,000.00                   80.00
2503210767         EVERETT                                             98208   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    290,000.00                    290,000.00   First Lien                                    -          290,000.00                           -                      -          366,000.00                   79.23
2503210789         XXXX XXXX XXXXX                                     00000   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    192,000.00                    192,000.00   First Lien                                    -          240,000.00                   48,000.00             240,000.00          325,000.00                   80.00
2503210791         XXXXXX                                              00000   XX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    612,500.00                    612,500.00   First Lien                                    -          612,500.00                           -                      -          875,000.00                   70.00
2503210806         CHICO                                               95926   CA                       20070401                20220301    FIXED                  No                                          180                    180                          180                    140,000.00                    140,000.00   First Lien                                    -          140,000.00                           -                      -          240,000.00                   58.33
2503210816         CHICAGO                                             60618   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    285,000.00                    285,000.00   First Lien                                    -          380,000.00                   95,000.00             380,000.00          380,000.00                   75.00
2503210826         SAN XXXX                                            95111   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -                      -          735,000.00                   68.03
2503210828         CHICAGO                                             60640   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    238,400.00                    238,400.00   First Lien                                    -          298,000.00                   59,600.00             298,000.00          299,000.00                   80.00
2503210856         FULLERTON                                           92832   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    400,000.00                    400,000.00   First Lien                                    -          400,000.00                           -                      -          576,000.00                   69.44
2503210859         LONG BEACH                                          90805   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    400,000.00                    400,000.00   First Lien                                    -          500,000.00                  100,000.00             500,000.00          500,000.00                   80.00
2503210865         WHITTIER                                            90601   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    750,000.00                    750,000.00   First Lien                                    -        1,150,000.00                  400,000.00           1,225,000.00        1,225,000.00                   61.22
2503210875         BRADENTON                                           34209   FL                       20070501                20370401    FIXED                  No                                          360                    360                          360                    243,000.00                    243,000.00   First Lien                                    -          243,000.00                           -                      -          259,000.00                   93.82
2503210896         XXXXXX XXXX                                         00000   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    150,500.00                    150,500.00   First Lien                                    -          215,000.00                   64,500.00             215,000.00          215,000.00                   70.00
2503210912         BELLFLOWER                                          90706   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    416,000.00                    416,000.00   First Lien                                    -          520,000.00                  104,000.00             520,000.00          520,000.00                   80.00
2503210937         MIAMI                                               33172   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    226,400.00                    226,400.00   First Lien                                    -          226,400.00                           -             283,000.00          290,000.00                   80.00
2503210939         OAKLEY                                              94561   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    368,000.00                    368,000.00   First Lien                                    -          460,000.00                   92,000.00             460,000.00          460,000.00                   80.00
2503210944         PORTLAND                                            97206   OR                       20070501                20370401    FIXED                  No                                          360                    360                          360                    191,700.00                    191,700.00   First Lien                                    -          191,700.00                           -                      -          213,000.00                   90.00
2503210949         PETALUMA                                            94954   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    368,500.00                    368,500.00   First Lien                                    -          368,500.00                           -                      -          640,000.00                   57.58
2503210951         XXXXXXX                                             93906   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    380,000.00                    380,000.00   First Lien                                    -          475,000.00                   95,000.00             475,000.00          520,000.00                   80.00
2503210957         ESCONDIDO                                           92025   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    270,720.00                    270,720.00   First Lien                                    -          270,720.00                           -             338,400.00          340,000.00                   80.00
2503210968         WILLIAMSBURG                                        23188   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    180,000.00                    180,000.00   First Lien                                    -          180,000.00                           -                      -          240,000.00                   75.00
0000000000         SANTA CLARITA                                       91387   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    484,000.00                    484,000.00   First Lien                                    -          540,000.00                   56,000.00                      -          605,000.00                   80.00
2503211011         XXXXXXXXXX XXXXX                                    00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    258,750.00                    258,750.00   First Lien                                    -          345,000.00                   86,250.00             345,000.00          345,000.00                   75.00
2503211018         WYANDANCH                                           11798   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    280,000.00                    280,000.00   First Lien                                    -          280,000.00                           -                      -          400,000.00                   70.00
2503211019         WESTON                                              33326   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    154,650.00                    154,650.00   First Lien                                    -          206,200.00                   51,550.00             206,200.00          213,000.00                   75.00
2503211025         XXXXXXXXXX                                          00000   XX                       20070401                20370301    FIXED                  No                                          360                    360                          360                    178,400.00                    178,400.00   First Lien                                    -          178,400.00                           -                      -          223,000.00                   80.00
2503211040         MILLBRAE                                            94030   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    924,000.00                    924,000.00   First Lien                                    -          924,000.00                           -                      -        1,155,000.00                   80.00
2503211041         MIAMI                                               33196   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    228,750.00                    228,750.00   First Lien                                    -          305,000.00                   76,250.00             305,000.00          305,000.00                   75.00
2503211057         IRVINE                                              92602   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    517,500.00                    517,500.00   First Lien                                    -          690,000.00                  172,500.00                      -          690,000.00                   75.00
2503211061         CLOVIS                                              93619   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    217,000.00                    217,000.00   First Lien                                    -          217,000.00                           -                      -          355,000.00                   61.13
2503211067         ALGONQUIN                                           60102   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    247,000.00                    247,000.00   First Lien                                    -          247,000.00                           -                      -          420,000.00                   58.81
2503211078         PALMDALE                                            93551   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    387,000.00                    387,000.00   First Lien                                    -          387,000.00                           -                      -          520,000.00                   74.42
2503211085         PHOENIX                                             85042   AZ                       20070401                20370301    FIXED                  No                                          360                    360                          360                    191,500.00                    191,500.00   First Lien                                    -          191,500.00                           -                      -          258,000.00                   74.22
2503211088         HENDERSONVILLE                                      28739   NC                       20070401                20370301    FIXED                  No                                          360                    360                          360                    285,000.00                    285,000.00   First Lien                                    -          285,000.00                           -                      -          375,000.00                   76.00
2503211096         SALINAS                                             93906   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    530,000.00                    530,000.00   First Lien                                    -          530,000.00                           -                      -          715,000.00                   74.13
2503211119         POINCIANA                                           34759   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    204,300.00                    204,300.00   First Lien                                    -          279,900.00                   75,600.00             279,900.00          287,000.00                   72.99
2503211121         SAINT XXXX                                          55106   MN                       20070401                20370301    ARMS                   No                                          360                    360                          360                     76,500.00                     76,500.00   First Lien                                    -           76,500.00                           -              85,000.00           88,000.00                   90.00
2503211137         LAS VEGAS                                           89108   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    167,200.00                    167,200.00   First Lien                                    -          209,000.00                   41,800.00             209,000.00          225,000.00                   80.00
2503211140         CRESTVIEW                                           32539   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    190,400.00                    190,400.00   First Lien                                    -          238,000.00                   47,600.00             238,000.00          238,000.00                   80.00
2503211158         FRANKLIN SQUARE                                     11010   NY                       20070401                20370301    FIXED                  No                                          360                    360                          360                    562,500.00                    562,500.00   First Lien                                    -          750,000.00                  187,500.00                      -          750,000.00                   75.00
2503211161         SILVER SPRING                                       20906   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    276,500.00                    276,500.00   First Lien                                    -          276,500.00                           -                      -          395,000.00                   70.00
2503211166         SACRAMENTO                                          95828   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    197,000.00                    197,000.00   First Lien                                    -          197,000.00                           -                      -          305,000.00                   64.59
2503211168         DEDHAM                                               2026   MA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    536,000.00                    536,000.00   First Lien                                    -          536,000.00                           -                      -          670,000.00                   80.00
2503211173         XXXXX XXXX                                          00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    619,000.00                    619,000.00   First Lien                                    -          619,000.00                           -                      -          885,000.00                   69.94
2503211178         NORWALK                                             90650   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    376,500.00                    376,500.00   First Lien                                    -          502,000.00                  125,500.00             502,000.00          502,000.00                   75.00
2503211184         NORWALK                                             90650   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    405,000.00                    405,000.00   First Lien                                    -          513,000.00                  108,000.00                      -          540,000.00                   75.00
2503211195         FLORIDA CITY                                        33034   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    210,000.00                    210,000.00   First Lien                                    -          280,000.00                   70,000.00             280,000.00          280,000.00                   75.00
2503211210         CHICAGO                                             60639   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    308,000.00                    308,000.00   First Lien                                    -          385,000.00                   77,000.00                      -          385,000.00                   80.00
2503211225         LOS ANGELES                                         90025   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    530,000.00                    530,000.00   First Lien                                    -          530,000.00                           -                      -          810,000.00                   65.43
2503211229         PALATINE                                            60074   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    136,500.00                    136,500.00   First Lien                                    -          182,000.00                   45,500.00                      -          189,000.00                   72.22
0000000000         LAS VEGAS                                           89109   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    135,000.00                    135,000.00   First Lien                                    -          135,000.00                           -                      -          205,000.00                   65.85
2503211240         CAMARILLO                                           93012   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    565,000.00                    565,000.00   First Lien                                    -          565,000.00                           -                      -          715,000.00                   79.02
2503211251         HILLSBORO                                           97123   OR                       20070501                20370401    ARMS                   No                                          360                    360                          360                    237,600.00                    237,600.00   First Lien                                    -          297,000.00                   59,400.00                      -          297,000.00                   80.00
2503211285         HIGHLAND                                            92346   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    292,000.00                    292,000.00   First Lien                                    -          365,000.00                   73,000.00             365,000.00          385,000.00                   80.00
2503211287         BEAUFORT                                            29902   SC                       20070401                20370301    ARMS                   No                                          360                    360                          360                    123,750.00                    123,750.00   First Lien                                    -          148,500.00                   24,750.00                      -          165,000.00                   75.00
2503211306         VALLEJO                                             94590   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    284,000.00                    284,000.00   First Lien                                    -          284,000.00                           -                      -          355,000.00                   80.00
2503211336         OAKLEY                                              94561   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    408,000.00                    408,000.00   First Lien                                    -          458,000.00                   50,000.00                      -          510,000.00                   80.00
2503211337         CITRUS HEIGHTS                                      95610   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    218,000.00                    218,000.00   First Lien                                    -          218,000.00                           -                      -          405,000.00                   53.83
2503211341         SANTA XXX                                           92704   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    241,000.00                    241,000.00   First Lien                                    -          241,000.00                           -                      -          840,000.00                   28.69
2503211358         RIVERSIDE                                           92504   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    532,000.00                    532,000.00   First Lien                                    -          665,000.00                  133,000.00                      -          665,000.00                   80.00
2503211369         TORRANCE                                            90501   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    250,000.00                    250,000.00   First Lien                                    -          250,000.00                           -                      -          555,000.00                   45.05
2503211371         RIVERSIDE                                           92504   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    254,800.00                    254,800.00   First Lien                                    -          318,500.00                   63,700.00             318,500.00          330,000.00                   80.00
2503211372         SAN CLEMENTE                                        92673   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    711,000.00                    711,000.00   First Lien                                    -          711,000.00                           -                      -          905,000.00                   78.56
0000000000         CHICAGO                                             60623   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    252,000.00                    252,000.00   First Lien                                    -          324,000.00                   72,000.00                      -          360,000.00                   70.00
2503211421         PAHOA                                               96778   HI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    238,500.00                    238,500.00   First Lien                                    -          238,500.00                           -                      -          265,000.00                   90.00
2503211423         LAS VEGAS                                           89110   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    120,000.00                    120,000.00   First Lien                                    -          142,500.00                   22,500.00                      -          150,000.00                   80.00
2503211424         SOUTHOLD                                            11971   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    576,000.00                    576,000.00   First Lien                                    -          720,000.00                  144,000.00             720,000.00          725,000.00                   80.00
2503211434         MARINA                                              93933   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    460,000.00                    460,000.00   First Lien                                    -          575,000.00                  115,000.00             575,000.00          575,000.00                   80.00
2503211439         XXXXXXXXXX XXXXX                                    00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    528,000.00                    528,000.00   First Lien                                    -          627,000.00                   99,000.00                      -          660,000.00                   80.00
2503211441         SACRAMENTO                                          95823   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    230,000.00                    230,000.00   First Lien                                    -          230,000.00                           -                      -          335,000.00                   68.66
2503211442         XXXXXXXXX XXXX                                      00000   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    417,000.00                    417,000.00   First Lien                                    -          417,000.00                           -                      -          525,000.00                   79.43
0000000000         BROOKLYN                                            11221   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    562,500.00                    562,500.00   First Lien                                    -          750,000.00                  187,500.00             750,000.00          760,000.00                   75.00
2503211454         XXXXXX VALLEY                                       92535   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    250,400.00                    250,400.00   First Lien                                    -          313,000.00                   62,600.00             313,000.00          340,000.00                   80.00
2503211482         HOMESTEAD                                           33033   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    217,500.00                    217,500.00   First Lien                                    -          275,500.00                   58,000.00                      -          290,000.00                   75.00
2503211484         XXXXXXXXXX                                          00000   FL                       20070301                20370201    ARMS                   No                                          360                    360                          359                    637,500.00                    637,500.00   First Lien                                    -          875,000.00                  237,500.00             950,000.00          950,000.00                   67.11
0000000000         MIAMI                                               33155   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    137,250.00                    137,250.00   First Lien                                    -          171,600.00                   34,350.00             171,600.00          171,600.00                   79.98
0000000000         XXXXXXX                                             00000   XX                       20070401                20370301    FIXED                  No                                          360                    360                          360                    356,500.00                    356,500.00   First Lien                                    -          356,500.00                           -                      -          415,000.00                   85.90
2503211517         ORANGEVALE                                          95662   CA                       20070401                20370301    ARMS                   Yes                                         360                    480                          360                    412,000.00                    412,000.00   First Lien                                    -          412,000.00                           -                      -          665,000.00                   61.95
0000000000         XXXX XXXX XXXXX                                     00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    164,175.00                    164,175.00   First Lien                                    -          218,900.00                   54,725.00             218,900.00          218,900.00                   75.00
2503211552         ANAHEIM                                             92805   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    548,000.00                    548,000.00   First Lien                                    -          548,000.00                           -                      -          913,500.00                   59.99
2503211555         MUNDELEIN                                           60060   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    495,000.00                    495,000.00   First Lien                                    -          607,200.00                  112,200.00                      -          660,000.00                   75.00
2503211560         BLOOMINGTON                                         92315   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    386,000.00                    386,000.00   First Lien                                    -          386,000.00                           -                      -          515,000.00                   74.95
2503211571         CRANSTON                                             2910   RI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    258,000.00                    258,000.00   First Lien                                    -          258,000.00                           -                      -          305,000.00                   84.59
0000000000         MIAMI                                               33165   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    310,000.00                    310,000.00   First Lien                                    -          310,000.00                           -                      -          455,000.00                   68.13
2503211587         SAN DIEGO                                           92126   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    368,000.00                    368,000.00   First Lien                                    -          368,000.00                           -             460,000.00          495,000.00                   80.00
2503211595         BROOKLYN                                            11210   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    647,500.00                    647,500.00   First Lien                                    -          647,500.00                           -                      -          925,000.00                   70.00
2503211609         WEST XXXXXXXXXX                                     00000   XX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    130,500.00                    130,500.00   First Lien                                    -          130,500.00                           -                      -          404,000.00                   32.30
2503211614         JACKSONVILLE                                        32207   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    178,830.00                    178,830.00   First Lien                                    -          178,830.00                           -             198,700.00          198,700.00                   90.00
0000000000         SANTA XXXXXX                                        90405   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    469,000.00                    469,000.00   First Lien                                    -          469,000.00                           -                      -        1,160,000.00                   40.43
2503211630         ELMHURST                                            60126   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    299,800.00                    299,800.00   First Lien                                    -          299,800.00                           -                      -          456,000.00                   65.75
2503211632         SACRAMENTO                                          95828   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    153,000.00                    153,000.00   First Lien                                    -          153,000.00                           -                      -          280,000.00                   54.64
2503211640         XXXXXXX                                             00000   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    336,000.00                    336,000.00   First Lien                                    -          336,000.00                           -             420,000.00          425,000.00                   80.00
2503211651         XXXXXX                                              00000   XX                       20070401                20370301    FIXED                  No                                          360                    360                          360                    286,000.00                    286,000.00   First Lien                                    -          286,000.00                           -                      -          420,000.00                   68.10
2503211664         RIVERSIDE                                           92509   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    440,000.00                    440,000.00   First Lien                                    -          440,000.00                           -                      -          550,000.00                   80.00
2503211665         YUCCA VALLEY                                        92284   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    225,000.00                    225,000.00   First Lien                                    -          270,000.00                   45,000.00                      -          300,000.00                   75.00
2503211666         SACRAMENTO                                          95829   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    281,250.00                    281,250.00   First Lien                                    -          336,500.00                   55,250.00                      -          375,000.00                   75.00
2503211673         NAPLES                                              34105   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    192,000.00                    192,000.00   First Lien                                    -          192,000.00                           -                      -          309,000.00                   62.14
0000000000         XXXXXX XXXX                                         00000   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    159,000.00                    159,000.00   First Lien                                    -          159,000.00                           -                      -          200,000.00                   79.50
2503211685         KEAAU                                               96749   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    148,000.00                    148,000.00   First Lien                                    -          175,750.00                   27,750.00             185,000.00          211,500.00                   80.00
2503211688         LOS ANGELES (GRANADA HILL                           91344   CA                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    405,000.00                    405,000.00   First Lien                                    -          405,000.00                           -                      -          540,000.00                   75.00
2503211714         LOXAHATCHEE                                         33470   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    257,600.00                    257,600.00   First Lien                                    -          257,600.00                           -             322,000.00          350,000.00                   80.00
2503211736         LOS ANGELES (MISSION HILL                           91345   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    420,000.00                    420,000.00   First Lien                                    -          525,000.00                  105,000.00             525,000.00          525,000.00                   80.00
2503211750         STOCKTON                                            95212   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    405,600.00                    405,600.00   First Lien                                    -          405,600.00                           -                      -          507,000.00                   80.00
2503211764         COMPTON                                             90222   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    344,000.00                    344,000.00   First Lien                                    -          344,000.00                           -                      -          430,000.00                   80.00
2503211770         SANTA XXX                                           92703   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    409,500.00                    409,500.00   First Lien                                    -          409,500.00                           -                      -          630,000.00                   65.00
2503211778         CHICAGO                                             60647   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    322,500.00                    322,500.00   First Lien                                    -          430,000.00                  107,500.00                      -          440,000.00                   73.30
0000000000         SALINAS                                             93908   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    956,000.00                    956,000.00   First Lien                                    -        1,195,000.00                  239,000.00           1,195,000.00        1,195,000.00                   80.00
2503211788         FRESNO                                              93722   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    248,000.00                    248,000.00   First Lien                                    -          310,000.00                   62,000.00             310,000.00          310,000.00                   80.00
0000000000         VALLEY CENTER                                       92082   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -                      -          900,000.00                   55.56
2503211813         XXXXXXXXXXX                                         00000   XX                       00000000                20370301    ARMS                   No                                          360                    360                          360                    151,200.00                    151,200.00   First Lien                                    -          194,400.00                   43,200.00                      -          216,000.00                   70.00
2503211826         LOS ANGELES (WILMINGTON A                           90744   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    450,100.00                    450,100.00   First Lien                                    -          578,700.00                  128,600.00                      -          643,000.00                   70.00
2503211835         XXXXX XXXXXXXXXX                                    00000   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    122,000.00                    122,000.00   First Lien                                    -          122,000.00                           -                      -          175,000.00                   69.71
2503211849         XXXXX                                               95391   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    480,000.00                    480,000.00   First Lien                                    -          600,000.00                  120,000.00             600,000.00          728,450.00                   80.00
2503211861         XXXXXXX                                             00000   XX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    409,112.00                    409,112.00   First Lien                                    -          485,820.00                   76,708.00             511,390.00          511,390.00                   80.00
2503211862         WINDSOR                                             95492   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    472,000.00                    472,000.00   First Lien                                    -          472,000.00                           -                      -          590,000.00                   80.00
2503211876         GREENSBORO                                          27406   NC                       20070401                20370301    FIXED                  No                                          360                    360                          360                    103,500.00                    103,500.00   First Lien                                    -          124,200.00                   20,700.00                      -          138,000.00                   75.00
2503211884         MIAMI                                               33177   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    240,000.00                    240,000.00   First Lien                                    -          320,000.00                   80,000.00             320,000.00          320,000.00                   75.00
0000000000         WATSONVILLE                                         95076   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    418,000.00                    418,000.00   First Lien                                    -          418,000.00                           -                      -          759,000.00                   55.07
2503211897         WAHIAWA                                             96786   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    424,000.00                    424,000.00   First Lien                                    -          424,000.00                           -                      -          530,000.00                   80.00
2503211911         EWA BEACH                                           96706   HI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    423,200.00                    423,200.00   First Lien                                    -          529,000.00                  105,800.00             529,000.00          529,000.00                   80.00
2503211913         SANTA XXX                                           92707   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    259,200.00                    259,200.00   First Lien                                    -          259,200.00                           -                      -          480,000.00                   54.00
2503211922         FORT XXXXXX                                         34953   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    191,000.00                    191,000.00   First Lien                                    -          191,000.00                           -                      -          275,000.00                   69.45
0000000000         PFLUGERVILLE                                        78660   TX                       20070401                20370301    FIXED                  No                                          360                    360                          360                    102,386.00                    102,386.00   First Lien                                    -          122,386.00                   20,000.00             128,828.00          132,000.00                   79.47
2503211927         GULF BREEZE                                         32563   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    146,000.00                    146,000.00   First Lien                                    -          146,000.00                           -                      -          195,000.00                   74.87
2503211931         SALINAS                                             93905   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    313,000.00                    313,000.00   First Lien                                    -          313,000.00                           -                      -          635,000.00                   49.29
2503211939         CHICAGO                                             60643   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          290,000.00                   68.97
2503211953         MIAMI                                               33175   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    463,000.00                    463,000.00   First Lien                                    -          463,000.00                           -                      -          767,000.00                   60.37
0000000000         LOS ANGELES                                         90003   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    413,000.00                    413,000.00   First Lien                                    -          413,000.00                           -                      -          590,000.00                   70.00
2503211961         CICERO                                              46034   IN                       20070401                20370301    FIXED                  No                                          360                    360                          360                    104,500.00                    104,500.00   First Lien                                    -          104,500.00                           -             120,550.00          121,000.00                   86.69
0000000000         CLAREMONT                                           91711   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    750,000.00                    750,000.00   First Lien                                    -          995,000.00                  245,000.00             995,000.00        1,075,000.00                   75.38
2503211975         ANAHEIM                                             92806   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    293,000.00                    293,000.00   First Lien                                    -          293,000.00                           -                      -          440,000.00                   66.59
2503211976         LODI                                                95240   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    368,000.00                    368,000.00   First Lien                                    -          368,000.00                           -                      -          460,000.00                   80.00
2503211977         XXXX XXXX                                           00000   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    500,500.00                    500,500.00   First Lien                                    -          500,500.00                           -                      -          770,000.00                   65.00
2503211986         SANTA CLARITA                                       91381   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    288,750.00                    288,750.00   First Lien                                    -          365,750.00                   77,000.00             385,000.00          430,000.00                   75.00
2503211987         XXXXXXXXXXXXX XXXX                                  00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    180,000.00                    180,000.00   First Lien                                    -          180,000.00                           -                      -          375,000.00                   48.00
2503212006         SACRAMENTO                                          95824   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    368,000.00                    368,000.00   First Lien                                    -          414,000.00                   46,000.00                      -          460,000.00                   80.00
2503212011         LONG BEACH                                          90805   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    251,000.00                    251,000.00   First Lien                                    -          251,000.00                           -                      -          450,000.00                   55.78
2503212016         HOLLYWOOD                                           33019   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    193,125.00                    193,125.00   First Lien                                    -          244,625.00                   51,500.00             257,500.00          309,000.00                   75.00
0000000000         XXXXXXX                                             00000   XX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    372,000.00                    372,000.00   First Lien                                    -          465,000.00                   93,000.00                      -          465,000.00                   80.00
2503212024         XXXXXXXXX                                           00000   XX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    168,000.00                    168,000.00   First Lien                                    -          199,500.00                   31,500.00                      -          210,000.00                   80.00
0000000000         XXXXXXX                                             90221   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    327,000.00                    327,000.00   First Lien                                    -          327,000.00                           -                      -          470,000.00                   69.57
2503212049         XXXXX XXXX                                          00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    637,000.00                    637,000.00   First Lien                                    -          637,000.00                           -                      -          855,000.00                   74.50
2503212052         BAKERSFIELD                                         93311   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    276,000.00                    276,000.00   First Lien                                    -          345,000.00                   69,000.00                      -          345,000.00                   80.00
2503212065         PAHOA                                               96778   HI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    137,600.00                    137,600.00   First Lien                                    -          172,000.00                   34,400.00             172,000.00          202,000.00                   80.00
2503212092         PACIFICA                                            94044   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -                      -          800,000.00                   62.50
2503212098         RICHMOND                                            23235   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    149,200.00                    149,200.00   First Lien                                    -          186,500.00                   37,300.00             186,500.00          188,000.00                   80.00
2503212114         COTTAGE GROVE                                       55016   MN                       20070401                20370301    FIXED                  No                                          360                    360                          360                    166,250.00                    166,250.00   First Lien                                    -          166,250.00                           -             175,000.00          240,000.00                   95.00
2503212117         WATSONVILLE                                         95076   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    399,000.00                    399,000.00   First Lien                                    -          399,000.00                           -                      -          800,000.00                   49.88
2503212123         RICHMOND                                            23234   VA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    107,200.00                    107,200.00   First Lien                                    -          134,000.00                   26,800.00             134,000.00          142,000.00                   80.00
2503212168         XXXXXXXX                                            00000   XX                       20070401                20220301    FIXED                  No                                          180                    180                          180                    239,950.00                    239,950.00   First Lien                                    -          239,950.00                           -                      -          300,000.00                   79.98
2503212176         XXXXXX XXXXX                                        00000   SC                       20070401                20220301    ARMS                   Yes                                         360                    480                          360                    150,000.00                    150,000.00   First Lien                                    -          150,000.00                           -                      -          200,000.00                   75.00
0000000000         HONOMU                                              96728   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    220,000.00                    220,000.00   First Lien                                    -          220,000.00                           -                      -          319,000.00                   68.97
2503212190         XXXXXXX                                             95330   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    332,800.00                    332,800.00   First Lien                                    -          332,800.00                           -                      -          416,000.00                   80.00
2503212204         LEHIGH ACRES                                        33971   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    192,000.00                    192,000.00   First Lien                                    -          192,000.00                           -                      -          240,000.00                   80.00
2503212205         CHICAGO                                             60707   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    264,000.00                    264,000.00   First Lien                                    -          330,000.00                   66,000.00             330,000.00          332,000.00                   80.00
2503212207         LINCOLN                                             95648   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    341,250.00                    341,250.00   First Lien                                    -          455,000.00                  113,750.00                      -          456,000.00                   74.84
0000000000         LAS VEGAS                                           89012   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    150,500.00                    150,500.00   First Lien                                    -          204,250.00                   53,750.00             215,000.00          215,000.00                   70.00
2503212213         STOCKTON                                            95205   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    100,001.00                    100,001.00   First Lien                                    -          100,001.00                           -                      -          250,000.00                   40.00
2503212227         CHICAGO                                             60645   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    405,000.00                    405,000.00   First Lien                                    -          540,000.00                  135,000.00                      -          600,000.00                   67.50
2503212233         CHICAGO                                             60652   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    196,000.00                    196,000.00   First Lien                                    -          245,000.00                   49,000.00             245,000.00          251,000.00                   80.00
2503212242         EUSTIS                                              32736   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    356,000.00                    356,000.00   First Lien                                    -          445,000.00                   89,000.00             445,000.00          448,000.00                   80.00
2503212244         DOWNEY                                              90242   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -                      -          630,000.00                   79.37
0000000000         HAIKU                                               96708   HI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    532,000.00                    532,000.00   First Lien                                    -          532,000.00                           -                      -          665,000.00                   80.00
2503212253         KNOXVILLE                                           37924   TN                       20070401                20370301    ARMS                   No                                          360                    360                          360                    137,250.00                    137,250.00   First Lien                                    -          173,850.00                   36,600.00                      -          183,000.00                   75.00
2503212255         XXXXXXXXXX                                          00000   XX                       20070401                20370301    FIXED                  No                                          360                    360                          360                    136,000.00                    136,000.00   First Lien                                    -          136,000.00                           -                      -          170,000.00                   80.00
0000000000         (GRANADA HILLS AREA) LOS                            91344   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    472,000.00                    472,000.00   First Lien                                    -          590,000.00                  118,000.00             590,000.00          590,000.00                   80.00
2503212268         XXXXXXXX XXXX                                       00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    335,300.00                    335,300.00   First Lien                                    -          479,000.00                  143,700.00             480,000.00          480,000.00                   69.85
2503212274         BROOKLYN                                            11221   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    588,000.00                    588,000.00   First Lien                                    -          735,000.00                  147,000.00             735,000.00          735,000.00                   80.00
0000000000         SOLEDAD                                             93960   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    487,950.00                    487,950.00   First Lien                                    -          609,900.00                  121,950.00             609,950.00          610,000.00                   80.00
2503212312         LOS ANGELES                                         90061   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    437,500.00                    437,500.00   First Lien                                    -          437,500.00                           -                      -          625,000.00                   70.00
2503212319         LA XXXXXX AREA                                      91744   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    336,000.00                    336,000.00   First Lien                                    -          336,000.00                           -                      -          480,000.00                   70.00
2503212327         LOS BANOS                                           93635   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    180,000.00                    180,000.00   First Lien                                    -          180,000.00                           -                      -          320,000.00                   56.25
2503212330         LEHIGH ACRES                                        33936   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    230,400.00                    230,400.00   First Lien                                    -          288,000.00                   57,600.00             288,000.00          290,000.00                   80.00
2503212333         HOMESTEAD                                           33033   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    233,271.00                    233,271.00   First Lien                                    -          277,009.00                   43,738.00             291,589.00          305,000.00                   80.00
2503212334         XXXXXX VALLEY                                       92551   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    318,750.00                    318,750.00   First Lien                                    -          403,750.00                   85,000.00                      -          429,000.00                   74.30
2503212343         REDONDO BEACH                                       90277   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    445,200.00                    445,200.00   First Lien                                    -          445,200.00                           -                      -          700,000.00                   63.60
2503212350         LAS VEGAS                                           89115   NV                       20070401                20370301    FIXED                  No                                          360                    360                          360                    183,750.00                    183,750.00   First Lien                                    -          183,750.00                           -                      -          245,000.00                   75.00
0000000000         CHINO                                               91710   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    368,000.00                    368,000.00   First Lien                                    -          368,000.00                           -                      -          460,000.00                   80.00
2503212366         SEA-TAC                                             98198   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    433,600.00                    433,600.00   First Lien                                    -          433,600.00                           -             542,000.00          542,000.00                   80.00
2503212375         XXXXXXX                                             90221   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    292,500.00                    292,500.00   First Lien                                    -          390,000.00                   97,500.00             390,000.00          390,000.00                   75.00
2503212387         ONTARIO                                             91761   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    474,750.00                    474,750.00   First Lien                                    -          633,000.00                  158,250.00                      -          633,000.00                   75.00
0000000000         MIAMI                                               33131   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    680,000.00                    680,000.00   First Lien                                    -          850,000.00                  170,000.00             850,000.00          850,000.00                   80.00
2503212425         COVINA                                              91722   CA                       20070501                20370401    FIXED                  No                                          360                    360                          360                    334,000.00                    334,000.00   First Lien                                    -          334,000.00                           -                      -          595,000.00                   56.13
2503212436         XXXXX XXXX                                          00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    460,000.00                    460,000.00   First Lien                                    -          610,000.00                  150,000.00                      -          680,000.00                   67.65
2503212439         PORT ORCHARD                                        98366   WA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    255,000.00                    255,000.00   First Lien                                    -          255,000.00                           -                      -          370,000.00                   68.92
0000000000         CLOVIS                                              93611   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    232,000.00                    232,000.00   First Lien                                    -          290,000.00                   58,000.00             290,000.00          299,000.00                   80.00
2503212456         HANFORD                                             93230   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    235,500.00                    235,500.00   First Lien                                    -          314,000.00                   78,500.00             314,056.00          315,000.00                   74.99
2503212457         MIAMI                                               33173   FL                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    196,000.00                    196,000.00   First Lien                                    -          196,000.00                           -                      -          259,000.00                   75.68
2503212466         MAYWOOD                                             90270   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    322,000.00                    322,000.00   First Lien                                    -          460,000.00                  138,000.00             460,000.00          465,000.00                   70.00
2503212475         XXXXXXXX                                            00000   XX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    375,000.00                    375,000.00   First Lien                                    -          442,000.00                   67,000.00                      -          520,000.00                   72.12
2503212498         ALISO VIEJO                                         92656   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    639,999.00                    639,999.00   First Lien                                    -          799,999.00                  160,000.00             799,999.00          800,000.00                   80.00
2503212532         POMPANO BEACH                                       33068   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    188,900.00                    188,900.00   First Lien                                    -          269,850.00                   80,950.00             269,900.00          270,000.00                   69.99
0000000000         MODESTO                                             95355   CA                       20070401                20370301    ARMS                   Yes                                         360                    480                          360                    424,000.00                    424,000.00   First Lien                                    -          530,000.00                  106,000.00             530,000.00          530,000.00                   80.00
2503212549         LOS ANGELES                                         90046   CA                       20070401                20270301    FIXED                  No                                          240                    240                          240                    615,000.00                    615,000.00   First Lien                                    -          615,000.00                           -                      -        1,310,000.00                   46.95
2503212563         BROOKLYN                                            11234   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    540,000.00                    540,000.00   First Lien                                    -          675,000.00                  135,000.00             675,000.00          675,000.00                   80.00
2503212582         XXXXXXXX                                            93926   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    355,000.00                    355,000.00   First Lien                                    -          355,000.00                           -                      -          630,000.00                   56.35
2503212586         MINNEAPOLIS                                         55408   MN                       20070401                20370301    ARMS                   No                                          360                    360                          360                    157,500.00                    157,500.00   First Lien                                    -          213,750.00                   56,250.00             225,000.00          225,000.00                   70.00
0000000000         (XXXXXXX XXXX) LOS ANGELE                           91331   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    599,200.00                    599,200.00   First Lien                                    -          749,000.00                  149,800.00             749,000.00          749,000.00                   80.00
2503212611         MIAMI                                               33135   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    420,000.00                    420,000.00   First Lien                                    -          532,000.00                  112,000.00             560,000.00          560,000.00                   75.00
0000000000         WESTFIELD                                           46074   IN                       20070401                20370301    ARMS                   No                                          360                    360                          360                    562,400.00                    562,400.00   First Lien                                    -          749,850.00                  187,450.00             749,900.00          820,000.00                   75.00
0000000000         (XXXXXXXXXX XXXX) LOS ANG                           91311   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    622,500.00                    622,500.00   First Lien                                    -          788,500.00                  166,000.00                      -          830,000.00                   75.00
2503212630         LONG BEACH                                          90810   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    385,000.00                    385,000.00   First Lien                                    -          385,000.00                           -                      -          555,000.00                   69.37
2503212638         SALINAS                                             93906   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    390,000.00                    390,000.00   First Lien                                    -          494,000.00                  104,000.00                      -          520,000.00                   75.00
2503212647         XXXXXXXX XXXXX                                      00000   FL                       20070401                20370301    ARMS                   Yes                                         360                    480                          360                    336,000.00                    336,000.00   First Lien                                    -          336,000.00                           -                      -          480,000.00                   70.00
2503212649         CHICAGO                                             60639   IL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    259,000.00                    259,000.00   First Lien                                    -          399,000.00                  140,000.00                      -          400,000.00                   64.75
2503212651         XXXXXX VALLEY                                       92553   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    263,500.00                    263,500.00   First Lien                                    -          318,905.00                   55,405.00                      -          336,000.00                   78.42
2503212655         COVINA AREA                                         91722   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    353,600.00                    353,600.00   First Lien                                    -          442,000.00                   88,400.00             442,000.00          442,000.00                   80.00
2503212677         LAKE ELSINORE                                       92530   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    252,000.00                    252,000.00   First Lien                                    -          315,000.00                   63,000.00             315,000.00          315,000.00                   80.00
2503212679         EWA BEACH                                           96706   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    216,000.00                    216,000.00   First Lien                                    -          216,000.00                           -                      -          270,000.00                   80.00
2503212685         XXXXXX                                              00000   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    375,000.00                    375,000.00   First Lien                                    -          375,000.00                           -                      -          830,000.00                   45.18
2503212691         XXXXXXX                                             95955   CA                       20070401                20370301    ARMS                   Yes                                         360                    480                          360                    132,000.00                    131,943.00   First Lien                                    -          132,000.00                           -                      -          260,000.00                   50.77
2503212698         LINDSAY                                             93247   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    150,000.00                    150,000.00   First Lien                                    -          170,000.00                   20,000.00                      -          200,000.00                   75.00
2503212699         XXXXXX VALLEY                                       92553   CA                       20070401                20370301    ARMS                   Yes                                         360                    480                          360                    344,000.00                    344,000.00   First Lien                                    -          430,000.00                   86,000.00                      -          470,000.00                   73.19
2503212712         LOS ANGELES (NORTH HOLLYW                           91605   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    400,000.00                    400,000.00   First Lien                                    -          400,000.00                           -                      -          534,000.00                   74.91
2503212713         LAHAINA                                             96761   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    750,000.00                    750,000.00   First Lien                                    -          750,000.00                           -                      -        1,320,000.00                   56.82
0000000000         MIAMI                                               33175   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    228,000.00                    228,000.00   First Lien                                    -          285,000.00                   57,000.00             285,000.00          285,000.00                   80.00
2503212723         SANTA XXXX                                          95405   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    522,800.00                    522,800.00   First Lien                                    -          522,800.00                           -             653,500.00          655,000.00                   80.00
2503212725         BERKELEY                                            94702   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    562,500.00                    562,500.00   First Lien                                    -          712,500.00                  150,000.00             750,000.00          750,000.00                   75.00
2503212727         SAN DIEGO                                           92105   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    441,000.00                    441,000.00   First Lien                                    -          441,000.00                           -                      -          490,000.00                   90.00
2503212730         SAN XXXX                                            95133   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    496,000.00                    496,000.00   First Lien                                    -          496,000.00                           -                      -          620,000.00                   80.00
2503212744         ELK GROVE                                           95757   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    376,000.00                    376,000.00   First Lien                                    -          470,000.00                   94,000.00             470,000.00          470,000.00                   80.00
2503212750         HOLLISTER                                           95023   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    900,000.00                    900,000.00   First Lien                                    -          900,000.00                           -                      -        1,300,000.00                   69.23
2503212767         PAHOA                                               96778   HI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    211,750.00                    211,750.00   First Lien                                    -          211,750.00                           -                      -          304,000.00                   69.65
2503212783         TAMPA                                               33603   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    220,000.00                    220,000.00   First Lien                                    -          247,500.00                   27,500.00             275,000.00          323,000.00                   80.00
2503212789         CHICAGO                                             60618   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                  1,300,000.00                  1,300,000.00   First Lien                                    -        1,700,000.00                  400,000.00                      -        2,600,000.00                   50.00
2503212811         PASADENA                                            91106   CA                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    600,000.00                    600,000.00   First Lien                                    -          600,000.00                           -                      -          790,000.00                   75.95
2503212821         XXXXXXX                                             90221   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    279,000.00                    279,000.00   First Lien                                    -          279,000.00                           -                      -          405,000.00                   68.89
2503212829         HAYWARD                                             94545   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    406,000.00                    406,000.00   First Lien                                    -          456,000.00                   50,000.00                      -          580,000.00                   70.00
2503212852         EL DORADO HILLS                                     95762   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    554,000.00                    554,000.00   First Lien                                    -          554,000.00                           -                      -          729,000.00                   75.99
2503212855         XXXXXXX XXXXX                                       00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    168,000.00                    168,000.00   First Lien                                    -          168,000.00                           -             210,000.00          215,400.00                   80.00
2503212900         LOS ANGELES (PANORAMA CIT                           91402   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    390,000.00                    390,000.00   First Lien                                    -          390,000.00                           -                      -          520,000.00                   75.00
2503212902         NOGALES                                             85621   AZ                       20070401                20370301    ARMS                   No                                          360                    360                          360                     72,600.00                     72,600.00   First Lien                                    -           72,600.00                           -                      -          121,000.00                   60.00
2503212911         XXXXXXX XXXXXXX                                     00000   CO                       20070401                20370301    ARMS                   No                                          360                    360                          360                    159,000.00                    159,000.00   First Lien                                    -          212,000.00                   53,000.00             212,000.00          220,000.00                   75.00
2503212913         ANAHEIM                                             92808   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    363,675.00                    363,675.00   First Lien                                    -          484,900.00                  121,225.00             484,900.00          485,000.00                   75.00
2503212927         LOS ANGELES                                         90011   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    420,000.00                    420,000.00   First Lien                                    -          560,000.00                  140,000.00             560,000.00          560,000.00                   75.00
2503212935         XXXXXXXX XXXXX                                      00000   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                     94,400.00                     94,400.00   First Lien                                    -           94,400.00                           -             118,000.00          125,000.00                   80.00
2503212940         MIAMI                                               33184   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    243,750.00                    243,750.00   First Lien                                    -          325,000.00                   81,250.00             325,000.00          343,000.00                   75.00
2503212947         XXXXXXXXX XXXXXXX                                   00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    111,650.00                    111,650.00   First Lien                                    -          148,850.00                   37,200.00             148,900.00          150,000.00                   74.98
2503212962         XXXXXXXXXX                                          00000   XX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    300,000.00                    300,000.00   First Lien                                    -          300,000.00                           -                      -          375,000.00                   80.00
2503212968         RIVERSIDE                                           92508   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    408,000.00                    408,000.00   First Lien                                    -          510,000.00                  102,000.00             510,000.00          580,000.00                   80.00
2503212978         LONG BEACH                                          90805   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    520,000.00                    520,000.00   First Lien                                    -          650,000.00                  130,000.00             650,000.00          650,000.00                   80.00
2503212982         MONTEREY                                            93940   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -                      -          720,000.00                   69.44
2503212988         XXXXXXXXXX XXXXX                                    00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    244,000.00                    244,000.00   First Lien                                    -          305,000.00                   61,000.00             305,000.00          310,000.00                   80.00
2503213007         ANTIOCH                                             94509   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          340,000.00                   58.82
2503213014         ESCONDIDO                                           92027   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    225,000.00                    225,000.00   First Lien                                    -          225,000.00                           -                      -          300,000.00                   75.00
2503213015         SACRAMENTO                                          95823   CA                       20070501                20370401    FIXED                  No                                          360                    360                          360                    328,000.00                    328,000.00   First Lien                                    -          328,000.00                           -                      -          410,000.00                   80.00
0000000000         WATSONVILLE                                         95076   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    348,000.00                    348,000.00   First Lien                                    -          348,000.00                           -                      -          650,000.00                   53.54
2503213033         XXXXXXXXX                                           00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    337,500.00                    337,500.00   First Lien                                    -          405,000.00                   67,500.00                      -          450,000.00                   75.00
2503213043         LAKE FOREST                                         60045   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    658,000.00                    658,000.00   First Lien                                    -          658,000.00                           -                      -          940,000.00                   70.00
2503213056         XXXX XXXXX                                          00000   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    168,000.00                    168,000.00   First Lien                                    -          210,000.00                   42,000.00             210,000.00          213,000.00                   80.00
2503213059         SALINAS                                             93906   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    468,000.00                    468,000.00   First Lien                                    -          561,600.00                   93,600.00                      -          586,000.00                   79.86
2503213070         SALINAS                                             93901   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    540,000.00                    540,000.00   First Lien                                    -          540,000.00                           -                      -          740,000.00                   72.97
2503213071         COCOA                                               32927   FL                       20070501                20370301    FIXED                  Yes                                         360                    480                          360                    128,000.00                    128,000.00   First Lien                                    -          164,335.10                   36,335.10                      -          174,000.00                   73.56
2503213075         GREENFIELD                                          93927   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    285,716.00                    285,716.00   First Lien                                    -          357,145.00                   71,429.00             357,145.00          357,145.00                   80.00
0000000000         WILLITS                                             95490   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    100,000.00                    100,000.00   First Lien                                    -          100,000.00                           -                      -          355,000.00                   28.17
0000000000         GALT                                                95632   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    288,000.00                    288,000.00   First Lien                                    -          334,000.00                   46,000.00                      -          360,000.00                   80.00
2503213090         SACRAMENTO                                          95828   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    236,000.00                    236,000.00   First Lien                                    -          236,000.00                           -                      -          295,000.00                   80.00
2503213100         LINCOLN                                             95648   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    214,400.00                    214,400.00   First Lien                                    -          268,000.00                   53,600.00             268,000.00          300,000.00                   80.00
2503213124         MIAMI BEACH                                         33139   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    228,750.00                    228,750.00   First Lien                                    -          305,000.00                   76,250.00             306,900.00          305,000.00                   75.00
2503213146         GAITHERSBURG                                        20879   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    269,500.00                    269,500.00   First Lien                                    -          269,500.00                           -                      -          340,000.00                   79.26
2503213149         BROOKLYN                                            11221   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    532,500.00                    532,500.00   First Lien                                    -          710,000.00                  177,500.00             710,000.00          710,000.00                   75.00
2503213150         MESA                                                85204   AZ                       20070401                20370301    FIXED                  No                                          360                    360                          360                    109,350.00                    109,350.00   First Lien                                    -          109,350.00                           -                      -          243,000.00                   45.00
2503213153         BERWYN                                              60402   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    236,250.00                    236,250.00   First Lien                                    -          299,250.00                   63,000.00             315,000.00          315,000.00                   75.00
2503213160         CHINO                                               91710   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    445,000.00                    445,000.00   First Lien                                    -          445,000.00                           -                      -          760,000.00                   58.55
2503213167         PACIFIC                                             98047   WA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    262,462.00                    262,462.00   First Lien                                    -          332,452.00                   69,990.00             349,950.00          350,000.00                   75.00
2503213223         XXXXXXXX                                            00000   XX                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    191,200.00                    191,200.00   First Lien                                    -          226,200.00                   35,000.00                      -          239,000.00                   80.00
2503213229         XXXX XXXX XXXXX                                     00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    185,160.00                    185,160.00   First Lien                                    -          231,450.00                   46,290.00             231,450.00          231,450.00                   80.00
2503213239         RYE                                                 10580   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    825,000.00                    825,000.00   First Lien                                    -          825,000.00                           -                      -        2,800,000.00                   29.46
2503213244         XXXXX XXXXX                                         00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    712,000.00                    712,000.00   First Lien                                    -          890,000.00                  178,000.00             890,000.00          890,000.00                   80.00
2503213257         CHICAGO                                             60634   IL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    416,000.00                    416,000.00   First Lien                                    -          416,000.00                           -                      -          525,000.00                   79.24
2503213272         MIAMI                                               33186   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    188,000.00                    188,000.00   First Lien                                    -          235,000.00                   47,000.00             235,000.00          275,000.00                   80.00
2503213288         WEST PARK                                           33023   FL                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    203,700.00                    203,700.00   First Lien                                    -          203,700.00                           -                      -          291,000.00                   70.00
2503213317         HILLSBORO                                           97124   OR                       20070401                20370301    FIXED                  No                                          360                    360                          360                    251,000.00                    251,000.00   First Lien                                    -          251,000.00                           -                      -          360,000.00                   69.72
2503213322         WOODLAND HILLS                                      91367   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    336,000.00                    336,000.00   First Lien                                    -          336,000.00                           -                      -          485,000.00                   69.28
2503213324         LYNWOOD                                             90262   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    479,500.00                    479,500.00   First Lien                                    -          685,000.00                  205,500.00             685,000.00          685,000.00                   70.00
2503213327         LANCASTER                                           17603   PA                       20070401                20370301    ARMS                   No                                          360                    360                          360                     77,250.00                     77,250.00   First Lien                                    -           97,850.00                   20,600.00             103,000.00          120,000.00                   75.00
0000000000         XXXXX XXXXXXX XXXXX                                 00000   NC                       20070401                20370301    FIXED                  No                                          360                    360                          360                    273,000.00                    273,000.00   First Lien                                    -          273,000.00                           -                      -          420,000.00                   65.00
2503213351         LAS VEGAS                                           89120   NV                       20070401                20370301    FIXED                  No                                          360                    360                          360                    196,000.00                    196,000.00   First Lien                                    -          196,000.00                           -                      -          245,000.00                   80.00
0000000000         XXXXXXX XXXXX                                       00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    142,425.00                    142,425.00   First Lien                                    -          189,900.00                   47,475.00             189,900.00          189,900.00                   75.00
2503213387         KING CITY                                           93930   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    352,000.00                    352,000.00   First Lien                                    -          430,000.00                   78,000.00                      -          440,000.00                   80.00
2503213398         SAUGUS                                              91390   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    385,000.00                    385,000.00   First Lien                                    -          385,000.00                           -                      -          755,000.00                   50.99
2503213402         WAIPAHU                                             96797   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                    143,200.00                    143,200.00   First Lien                                    -          179,000.00                   35,800.00                      -          179,000.00                   80.00
2503213406         SAN XXXX                                            95123   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    582,000.00                    582,000.00   First Lien                                    -          717,000.00                  135,000.00                      -          770,000.00                   75.58
0000000000         LOS ANGELES                                         90031   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          625,000.00                  125,000.00             650,000.00          625,000.00                   80.00
2503213430         BROOKLYN                                            11207   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    480,000.00                    480,000.00   First Lien                                    -          600,000.00                  120,000.00             600,000.00          614,000.00                   80.00
2503213436         BALTIMORE                                           21224   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    342,550.00                    342,550.00   First Lien                                    -          342,550.00                           -                      -          403,000.00                   85.00
0000000000         XXXX XXXX                                           00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    510,400.00                    510,400.00   First Lien                                    -          638,000.00                  127,600.00             638,000.00          638,000.00                   80.00
2503213457         RANCHO XXXXXXX                                      95670   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    405,500.00                    405,500.00   First Lien                                    -          405,500.00                           -                      -          513,000.00                   79.04
2503213465         RIVERBANK                                           95367   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    280,000.00                    280,000.00   First Lien                                    -          280,000.00                           -                      -          320,000.00                   87.50
0000000000         EUSTIS                                              32736   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    328,000.00                    328,000.00   First Lien                                    -          328,000.00                           -                      -          410,000.00                   80.00
2503213468         SAN MATEO                                           94403   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    458,500.00                    458,500.00   First Lien                                    -          458,500.00                           -                      -          800,000.00                   57.31
2503213491         XXXXXXX HEIGHTS                                     91748   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    251,000.00                    251,000.00   First Lien                                    -          251,000.00                           -                      -          425,000.00                   59.06
2503213497         XXXXXX XXXX                                         95037   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    806,250.00                    806,250.00   First Lien                                    -          880,000.00                   73,750.00                      -        1,075,000.00                   75.00
2503213506         KAHULUI                                             96732   HI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    529,600.00                    529,600.00   First Lien                                    -          662,000.00                  132,400.00             662,000.00          720,000.00                   80.00
0000000000         MIAMI BEACH                                         33139   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    472,400.00                    472,400.00   First Lien                                    -          629,850.00                  157,450.00             629,900.00          630,000.00                   75.00
2503213542         BOWIE                                               20720   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    465,000.00                    465,000.00   First Lien                                    -          620,000.00                  155,000.00             620,000.00          635,000.00                   75.00
2503213550         ELK GROVE                                           95757   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    326,000.00                    326,000.00   First Lien                                    -          376,000.00                   50,000.00                      -          435,000.00                   74.94
2503213555         POMONA                                              91767   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    345,000.00                    345,000.00   First Lien                                    -          345,000.00                           -                      -          510,000.00                   67.65
2503213567         PROVIDENCE                                           2905   RI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    156,000.00                    156,000.00   First Lien                                    -          195,000.00                   39,000.00             195,000.00          200,000.00                   80.00
2503213570         XXXXXX                                              90240   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    750,000.00                    750,000.00   First Lien                                    -          975,000.00                  225,000.00             975,000.00          990,000.00                   76.92
2503213597         LONG BEACH                                          90810   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    312,000.00                    312,000.00   First Lien                                    -          390,000.00                   78,000.00             390,000.00          415,000.00                   80.00
2503213603         BROOKLYN                                            11208   NY                       20070501                20370401    ARMS                   No                                          360                    360                          360                    488,000.00                    488,000.00   First Lien                                    -          610,000.00                  122,000.00             610,000.00          610,000.00                   80.00
2503213616         JAMAICA                                             11436   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    440,000.00                    440,000.00   First Lien                                    -          550,000.00                  110,000.00             550,000.00          550,000.00                   80.00
0000000000         LAS VEGAS                                           89110   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    224,000.00                    224,000.00   First Lien                                    -          280,000.00                   56,000.00             280,000.00          280,000.00                   80.00
2503213626         GREENFIELD                                          93927   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    172,000.00                    172,000.00   First Lien                                    -          172,000.00                           -                      -          425,000.00                   40.47
2503213640         XXXXXX XXXXXX                                       00000   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    268,000.00                    268,000.00   First Lien                                    -          268,000.00                           -                      -          335,000.00                   80.00
2503213641         TAMPA                                               33605   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    101,500.00                    101,500.00   First Lien                                    -          130,500.00                   29,000.00             145,000.00          145,000.00                   70.00
2503213647         MIRAMAR                                             33025   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    127,000.00                    127,000.00   First Lien                                    -          147,000.00                   20,000.00                      -          175,000.00                   72.57
2503213659         RENO                                                89511   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    372,000.00                    372,000.00   First Lien                                    -          465,000.00                   93,000.00             465,000.00          465,000.00                   80.00
2503213669         PASO XXXXXX                                         93446   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    228,000.00                    228,000.00   First Lien                                    -          270,750.00                   42,750.00                      -          285,000.00                   80.00
2503213681         MANTECA                                             95336   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    521,600.00                    521,600.00   First Lien                                    -          619,400.00                   97,800.00                      -          652,000.00                   80.00
2503213718         TAMPA                                               33625   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    211,432.00                    211,432.00   First Lien                                    -          281,909.00                   70,477.00             281,910.00          300,000.00                   75.00
2503213719         XXXXXXX                                             00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    523,300.00                    523,300.00   First Lien                                    -          654,100.00                  130,800.00             654,184.00          660,000.00                   79.99
2503213744         NORTH LAS VEGAS                                     89032   NV                       20070501                20370401    FIXED                  No                                          360                    360                          360                    187,500.00                    187,500.00   First Lien                                    -          187,500.00                           -                      -          255,000.00                   73.53
2503213751         PLEASANTON                                          94588   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    320,000.00                    320,000.00   First Lien                                    -          320,000.00                           -                      -          875,000.00                   36.57
2503213761         OAKLAND                                             94621   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    279,200.00                    279,200.00   First Lien                                    -          331,550.00                   52,350.00             349,000.00          349,000.00                   80.00
0000000000         HOLLYWOOD                                           33020   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          500,000.00                           -             585,000.00          585,000.00                   85.47
2503213770         MIAMI                                               33144   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    244,000.00                    244,000.00   First Lien                                    -          305,000.00                   61,000.00             305,000.00          305,000.00                   80.00
2503213806         PERRIS                                              92571   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    295,800.00                    295,800.00   First Lien                                    -          326,910.00                   31,110.00                      -          348,000.00                   85.00
2503213807         DENVER                                              80219   CO                       20070401                20370301    ARMS                   No                                          360                    360                          360                    166,400.00                    166,400.00   First Lien                                    -          208,000.00                   41,600.00                      -          208,000.00                   80.00
0000000000         XXXXXX VALLEY                                       92555   CA                       20070401                20220301    FIXED                  No                                          180                    180                          180                    155,000.00                    155,000.00   First Lien                                    -          155,000.00                           -                      -          380,000.00                   40.79
2503213814         PLANT CITY                                          33566   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    129,600.00                    129,600.00   First Lien                                    -          129,600.00                           -             144,000.00          144,000.00                   90.00
2503213822         PLEASANTON                                          94568   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    243,093.00                    243,093.00   First Lien                                    -          243,093.00                           -             543,093.00          543,093.00                   44.76
2503213832         NAPERVILLE                                          60564   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    750,000.00                    750,000.00   First Lien                                    -          896,800.00                  146,800.00             950,452.70          951,000.00                   78.91
2503213835         XXXXXX                                              00000   XX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          625,000.00                  125,000.00             625,000.00          625,000.00                   80.00
2503213840         CATHEDRAL CITY                                      92234   CA                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    254,500.00                    254,500.00   First Lien                                    -          254,500.00                           -                      -          380,000.00                   66.97
2503213868         SAN XXXX                                            95111   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    532,000.00                    532,000.00   First Lien                                    -          665,000.00                  133,000.00             665,000.00          670,000.00                   80.00
2503213869         PARAMOUNT                                           90723   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    297,000.00                    297,000.00   First Lien                                    -          297,000.00                           -                      -          330,000.00                   90.00
2503213892         WINTER HAVEN                                        33884   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    191,100.00                    191,100.00   First Lien                                    -          238,850.00                   47,750.00                      -          239,000.00                   79.96
2503213893         BAKERSFIELD                                         93313   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    252,000.00                    252,000.00   First Lien                                    -          315,000.00                   63,000.00             315,000.00          315,000.00                   80.00
2503213914         PETERSBURG                                          23805   VA                       20070501                20370401    FIXED                  No                                          360                    360                          360                    208,000.00                    208,000.00   First Lien                                    -          260,000.00                   52,000.00                      -          260,000.00                   80.00
2503213919         XXXXXX                                              90240   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    473,600.00                    473,600.00   First Lien                                    -          592,000.00                  118,400.00             592,000.00          595,000.00                   80.00
2503213930         RIDGEWOOD                                           11385   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    540,750.00                    540,750.00   First Lien                                    -          721,000.00                  180,250.00             721,000.00          730,000.00                   75.00
2503213940         XXXXX XXX XXXXXXXXX                                 00000   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    525,000.00                    525,000.00   First Lien                                    -          525,000.00                           -                      -          760,000.00                   69.08
2503213951         RANCHO CUCAMONGA                                    91737   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    743,000.00                    743,000.00   First Lien                                    -          743,000.00                           -                      -        1,400,000.00                   53.07
2503213965         BUFFALO                                             55313   MN                       20070401                20370301    ARMS                   No                                          360                    360                          360                    333,750.00                    333,750.00   First Lien                                    -          445,000.00                  111,250.00             445,000.00          445,000.00                   75.00
2503213985         LOMA XXXXX                                          92354   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    299,700.00                    299,700.00   First Lien                                    -          299,700.00                           -             333,000.00          335,000.00                   90.00
0000000000         (XXXXXX XXXX) LOS ANGELES                           91335   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    440,840.00                    440,840.00   First Lien                                    -          551,050.00                  110,210.00             551,050.00          555,000.00                   80.00
2503213999         SALEM                                               97302   OR                       20070401                20370301    ARMS                   No                                          360                    360                          360                    192,000.00                    192,000.00   First Lien                                    -          192,000.00                           -                      -          205,000.00                   93.66
2503214016         XXXXXXX                                             00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    218,405.00                    218,405.00   First Lien                                    -          218,405.00                           -             229,900.00          235,000.00                   95.00
2503214017         DENVER                                              80219   CO                       20070401                20370301    ARMS                   No                                          360                    360                          360                    120,000.00                    120,000.00   First Lien                                    -          160,000.00                   40,000.00                      -          160,000.00                   75.00
2503214018         XXXX XXX                                            00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    135,000.00                    135,000.00   First Lien                                    -          180,000.00                   45,000.00             180,000.00          191,000.00                   75.00
2503214031         XXXX XXXX XXXXX                                     00000   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    168,750.00                    168,750.00   First Lien                                    -          213,750.00                   45,000.00                      -          225,000.00                   75.00
2503214046         CORONA                                              92879   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    195,000.00                    195,000.00   First Lien                                    -          195,000.00                           -                      -          325,000.00                   60.00
2503214051         BRIGHTWATERS                                        11718   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    491,250.00                    491,250.00   First Lien                                    -          622,250.00                  131,000.00             655,000.00          655,000.00                   75.00
2503214059         XXXXXXXX                                            00000   XX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    476,550.00                    476,550.00   First Lien                                    -          595,650.00                  119,100.00             595,740.00          596,000.00                   79.99
2503214072         SOUTH GATE                                          90280   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    487,500.00                    487,500.00   First Lien                                    -          614,250.00                  126,750.00                      -          650,000.00                   75.00
2503214074         KISSIMMEE                                           34758   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    116,000.00                    116,000.00   First Lien                                    -          145,000.00                   29,000.00             145,000.00          174,000.00                   80.00
2503214082         MIAMI                                               33180   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    405,000.00                    405,000.00   First Lien                                    -          540,000.00                  135,000.00             540,000.00          540,000.00                   75.00
2503214091         PASADENA                                            91103   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    750,500.00                    750,500.00   First Lien                                    -          750,500.00                           -                      -          950,000.00                   79.00
2503214103         ROSCOE                                              61073   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                     78,350.00                     78,350.00   First Lien                                    -          103,400.00                   25,050.00             114,900.00          114,900.00                   68.19
2503214115         SAN BERNARDINO                                      92408   CA                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    240,000.00                    240,000.00   First Lien                                    -          240,000.00                           -                      -          310,000.00                   77.42
2503214127         TEMPE                                               85282   AZ                       20070401                20370301    FIXED                  No                                          360                    360                          360                    188,275.00                    188,275.00   First Lien                                    -          188,275.00                           -                      -          221,500.00                   85.00
0000000000         XXXXXXX                                             00000   FL                       20070501                20370301    ARMS                   Yes                                         360                    480                          360                    124,000.00                    124,000.00   First Lien                                    -          124,000.00                           -                      -          159,000.00                   77.99
2503214135         VIRGINIA BEACH                                      23454   VA                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    244,000.00                    244,000.00   First Lien                                    -          305,000.00                   61,000.00                      -          305,000.00                   80.00
2503214136         RIVERSIDE                                           92503   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    344,000.00                    344,000.00   First Lien                                    -          430,000.00                   86,000.00             430,000.00          430,000.00                   80.00
2503214138         TAMPA                                               33614   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    192,000.00                    192,000.00   First Lien                                    -          192,000.00                           -                      -          240,000.00                   80.00
2503214140         BRONX                                               10469   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    487,500.00                    487,500.00   First Lien                                    -          650,000.00                  162,500.00             650,000.00          650,000.00                   75.00
2503214145         MIAMI                                               33193   FL                       20070401                20370301    ARMS                   Yes                                         360                    480                          360                    222,000.00                    222,000.00   First Lien                                    -          222,000.00                           -                      -          375,000.00                   59.20
2503214147         LAS VEGAS                                           89123   NV                       20070401                20370301    ARMS                   Yes                                         360                    480                          360                    276,000.00                    276,000.00   First Lien                                    -          276,000.00                           -             345,000.00          400,000.00                   80.00
2503214164         LA XXXXXX                                           91746   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    360,000.00                    360,000.00   First Lien                                    -          450,000.00                   90,000.00                      -          485,000.00                   74.23
2503214171         SAN BERNARDINO                                      92410   CA                       20070401                20370301    FIXED                  Yes                                         360                    480                          360                    236,000.00                    236,000.00   First Lien                                    -          236,000.00                           -                      -          295,000.00                   80.00
2503214178         SACRAMENTO                                          95824   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    164,000.00                    164,000.00   First Lien                                    -          194,750.00                   30,750.00             205,000.00          310,000.00                   80.00
2503214179         PORT HUENEME                                        93041   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    435,000.00                    435,000.00   First Lien                                    -          435,000.00                           -                      -          560,000.00                   77.68
2503214184         ONTARIO                                             91761   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    428,000.00                    428,000.00   First Lien                                    -          535,000.00                  107,000.00             535,000.00          550,000.00                   80.00
2503214197         PROVIDENCE                                           2905   RI                       20070401                20370301    ARMS                   No                                          360                    360                          360                    272,000.00                    272,000.00   First Lien                                    -          340,000.00                   68,000.00             340,000.00          340,000.00                   80.00
2503214202         XXXXXXX                                             27520   NC                       20070401                20370301    ARMS                   No                                          360                    360                          360                    101,250.00                    101,250.00   First Lien                                    -          128,250.00                   27,000.00             135,000.00          137,000.00                   75.00
2503214226         BROOKLYN                                            11208   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    442,500.00                    442,500.00   First Lien                                    -          590,000.00                  147,500.00             590,000.00          590,000.00                   75.00
2503214230         RICHMOND                                            23234   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                     70,250.00                     70,250.00   First Lien                                    -           90,250.00                   20,000.00              95,000.00          120,000.00                   73.95
2503214237         XXXXXXXXX XXXXX                                     00000   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    168,750.00                    168,750.00   First Lien                                    -          213,750.00                   45,000.00                      -          225,000.00                   75.00
2503214248         VISALIA                                             93277   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    188,000.00                    188,000.00   First Lien                                    -          235,000.00                   47,000.00             235,000.00          235,000.00                   80.00
0000000000         PHILADELPHIA                                        19150   PA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    138,000.00                    138,000.00   First Lien                                    -          184,000.00                   46,000.00                      -          184,000.00                   75.00
2503214262         PASADENA                                            91104   CA                       20070501                20370301    ARMS                   Yes                                         360                    480                          360                    540,000.00                    540,000.00   First Lien                                    -          540,000.00                           -                      -          675,000.00                   80.00
2503214284         LAS VEGAS                                           89101   NV                       20070401                20370301    FIXED                  No                                          360                    360                          360                    191,250.00                    191,250.00   First Lien                                    -          191,250.00                           -                      -          225,000.00                   85.00
2503214298         CHICAGO                                             60645   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    543,750.00                    543,750.00   First Lien                                    -          725,000.00                  181,250.00                      -          725,000.00                   75.00
2503214303         LAS VEGAS                                           89142   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    206,250.00                    206,250.00   First Lien                                    -          261,250.00                   55,000.00                      -          275,000.00                   75.00
2503214310         MIAMI                                               33165   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    315,000.00                    315,000.00   First Lien                                    -          420,000.00                  105,000.00             420,000.00          435,000.00                   75.00
2503214315         LARGO                                               33771   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    180,000.00                    180,000.00   First Lien                                    -          180,000.00                           -             200,000.00          200,000.00                   90.00
2503214330         CHICAGO                                             60647   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    258,750.00                    258,750.00   First Lien                                    -          345,000.00                   86,250.00             345,000.00          350,000.00                   75.00
2503214346         SANTA XXXX                                          95409   CA                       20070501                20370401    FIXED                  No                                          360                    360                          360                    330,000.00                    330,000.00   First Lien                                    -          330,000.00                           -                      -          460,000.00                   71.74
2503214361         OLDSMAR                                             34677   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    544,000.00                    544,000.00   First Lien                                    -          680,000.00                  136,000.00                      -          680,000.00                   80.00
2503214366         SOUTH GATE                                          90280   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    345,000.00                    345,000.00   First Lien                                    -          460,000.00                  115,000.00             460,000.00          475,000.00                   75.00
2503214393         NAPLES                                              34120   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    424,000.00                    424,000.00   First Lien                                    -          530,000.00                  106,000.00             530,000.00          690,000.00                   80.00
2503214394         LOS ANGELES                                         90046   CA                       20070501                20370401    FIXED                  No                                          360                    360                          360                    318,000.00                    318,000.00   First Lien                                    -          318,000.00                           -                      -        1,100,000.00                   28.91
2503214411         ARLINGTON                                           22205   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    487,500.00                    487,500.00   First Lien                                    -          650,000.00                  162,500.00             650,000.00          650,000.00                   75.00
2503214421         TAMPA                                               33634   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                     89,250.00                     89,250.00   First Lien                                    -          113,050.00                   23,800.00             119,000.00          155,000.00                   75.00
2503214425         OZONE PARK                                          11417   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    540,000.00                    540,000.00   First Lien                                    -          675,000.00                  135,000.00             680,000.00          675,000.00                   80.00
2503214429         CLEARFIELD                                          84015   UT                       20070501                20370401    FIXED                  No                                          360                    360                          360                    172,500.00                    172,500.00   First Lien                                    -          172,500.00                           -                      -          230,000.00                   75.00
2503214433         LAS VEGAS                                           89122   NV                       20070501                20370401    FIXED                  No                                          360                    360                          360                    299,000.00                    299,000.00   First Lien                                    -          299,000.00                           -                      -          440,000.00                   67.95
2503214435         ROUND LAKE                                          60073   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    103,875.00                    103,875.00   First Lien                                    -          138,500.00                   34,625.00             138,500.00          139,000.00                   75.00
2503214437         RUNNING SPRINGS                                     92382   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    189,000.00                    189,000.00   First Lien                                    -          189,000.00                           -                      -          265,000.00                   71.32
2503214438         CARLSBAD                                            92009   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    350,400.00                    350,400.00   First Lien                                    -          438,000.00                   87,600.00                      -          438,000.00                   80.00
2503214462         LAKE FOREST                                         60045   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    649,000.00                    649,000.00   First Lien                                    -          649,000.00                           -                      -          950,000.00                   68.32
2503214465         EAST ROCKAWAY                                       11520   NY                       20070501                20220401    FIXED                  No                                          180                    180                          180                    882,500.00                    882,500.00   First Lien                                    -          882,500.00                           -                      -        1,200,000.00                   73.54
2503214475         XXXXXXXXXX XXXX                                     00000   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    210,000.00                    210,000.00   First Lien                                    -          210,000.00                           -                      -          385,000.00                   54.55
2503214491         XXXXXXX                                             00000   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                     85,000.00                     85,000.00   First Lien                                    -           85,000.00                           -                      -          200,000.00                   42.50
2503214494         PORTSMOUTH                                          23704   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    153,600.00                    153,600.00   First Lien                                    -          153,600.00                           -             192,000.00          192,000.00                   80.00
2503214501         SAN XXXX                                            95116   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    488,000.00                    488,000.00   First Lien                                    -          610,000.00                  122,000.00             610,000.00          610,000.00                   80.00
2503214504         WAIPAHU                                             96797   HI                       20070401                20370301    ARMS                   Yes                                         360                    480                          360                    450,000.00                    450,000.00   First Lien                                    -          450,000.00                           -                      -          515,000.00                   87.38
2503214507         LAS VEGAS                                           89129   NV                       20070501                20370401    FIXED                  No                                          360                    360                          360                    390,000.00                    390,000.00   First Lien                                    -          390,000.00                           -                      -          800,000.00                   48.75
2503214527         LOS ANGELES                                         90046   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    270,000.00                    270,000.00   First Lien                                    -          270,000.00                           -                      -        1,208,000.00                   22.35
2503214539         LAS VEGAS                                           89147   NV                       20070401                20370301    ARMS                   No                                          360                    360                          360                    375,000.00                    375,000.00   First Lien                                    -          375,000.00                           -                      -          480,000.00                   78.13
2503214559         IRVINE                                              92603   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                  2,000,000.00                  2,000,000.00   First Lien                                    -        2,000,000.00                           -                      -        3,200,000.00                   62.50
2503214564         LARGO                                               33760   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    112,400.00                    112,400.00   First Lien                                    -          149,900.00                   37,500.00             149,900.00          160,000.00                   74.98
2503214569         LOS ANGELES                                         90044   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    474,250.00                    474,250.00   First Lien                                    -          677,500.00                  203,250.00             677,500.00          677,500.00                   70.00
2503214575         XXXXXXX                                             00000   XX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    268,000.00                    268,000.00   First Lien                                    -          268,000.00                           -                      -          340,000.00                   78.82
2503214582         JAMAICA                                             11434   NY                       20070501                20370401    ARMS                   No                                          360                    360                          360                    344,000.00                    344,000.00   First Lien                                    -          365,500.00                   21,500.00                      -          430,000.00                   80.00
2503214599         MAPLEWOOD                                           55109   MN                       20070501                20370401    ARMS                   No                                          360                    360                          360                    168,750.00                    168,750.00   First Lien                                    -          225,000.00                   56,250.00                      -          225,000.00                   75.00
2503214631         BRONX                                               10456   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    432,600.00                    432,600.00   First Lien                                    -          540,750.00                  108,150.00             540,750.00          560,000.00                   80.00
2503214652         LOS ANGELES                                         90002   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    329,250.00                    329,250.00   First Lien                                    -          439,000.00                  109,750.00             439,000.00          439,000.00                   75.00
2503214658         NORTH HOLLYWOOD                                     91605   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          625,000.00                  125,000.00                      -          625,000.00                   80.00
2503214663         BRADENTON                                           34202   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    420,000.00                    420,000.00   First Lien                                    -          548,212.00                  128,212.00                      -          620,000.00                   67.74
2503214678         XXXXX XXXXX XXXXX                                   00000   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    410,000.00                    410,000.00   First Lien                                    -          410,000.00                           -                      -          790,000.00                   51.90
2503214686         XXXXXXX                                             93905   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    424,000.00                    424,000.00   First Lien                                    -          530,000.00                  106,000.00             530,000.00          530,000.00                   80.00
2503214690         LOS ANGELES                                         90003   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    480,000.00                    480,000.00   First Lien                                    -          600,000.00                  120,000.00             600,000.00          600,000.00                   80.00
2503214698         XXXXXXXX                                            00000   XX                       20070401                20370301    FIXED                  No                                          360                    360                          360                    536,625.00                    536,625.00   First Lien                                    -          679,625.00                  143,000.00             715,500.00          716,000.00                   75.00
2503214736         ESCONDIDO                                           92027   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    217,500.00                    217,500.00   First Lien                                    -          217,500.00                           -                      -          425,000.00                   51.18
2503214765         HIALEAH                                             33012   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    101,250.00                    101,250.00   First Lien                                    -          121,500.00                   20,250.00             135,000.00          135,000.00                   75.00
2503214767         SILVER SPRING                                       20904   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    404,000.00                    404,000.00   First Lien                                    -          404,000.00                           -             505,000.00          530,000.00                   80.00
2503214781         MIAMI                                               33131   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    672,000.00                    672,000.00   First Lien                                    -          840,000.00                  168,000.00             840,000.00          855,000.00                   80.00
2503214801         XXXX                                                90201   CA                       20070501                20370401    FIXED                  No                                          360                    360                          360                    436,000.00                    436,000.00   First Lien                                    -          490,500.00                   54,500.00                      -          545,000.00                   80.00
2503214804         JACUMBA                                             91934   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    208,000.00                    208,000.00   First Lien                                    -          260,000.00                   52,000.00                      -          260,000.00                   80.00
2503214807         MIAMI                                               33132   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    560,000.00                    560,000.00   First Lien                                    -          700,000.00                  140,000.00             700,000.00          700,000.00                   80.00
2503214820         CRESTLINE                                           92325   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    339,600.00                    339,600.00   First Lien                                    -          339,600.00                           -                      -          430,000.00                   78.98
2503214828         MIAMI SHORES                                        33168   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    424,000.00                    424,000.00   First Lien                                    -          530,000.00                  106,000.00             530,000.00          530,000.00                   80.00
2503214835         LONG BEACH                                          90746   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    376,000.00                    376,000.00   First Lien                                    -          446,500.00                   70,500.00             470,000.00          470,000.00                   80.00
0000000000         LOS BANOS                                           93635   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    633,750.00                    633,750.00   First Lien                                    -          633,750.00                           -                      -          845,000.00                   75.00
2503214849         LOS BANOS                                           93635   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    445,000.00                    445,000.00   First Lien                                    -          445,000.00                           -                      -          595,000.00                   74.79
2503214859         SPRING VALLEY                                       91977   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    508,000.00                    508,000.00   First Lien                                    -          635,000.00                  127,000.00             635,000.00          635,000.00                   80.00
2503214863         XXXX XXXXX                                          00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    252,000.00                    252,000.00   First Lien                                    -          315,000.00                   63,000.00             315,000.00          318,000.00                   80.00
2503214916         VALLEJO                                             94591   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    440,000.00                    440,000.00   First Lien                                    -          440,000.00                           -                      -          575,000.00                   76.52
2503214920         XXXX XXXXXXXXXX                                     00000   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    155,000.00                    155,000.00   First Lien                                    -          155,000.00                           -                      -          342,000.00                   45.32
2503214946         CHICAGO                                             60615   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    515,150.00                    515,150.00   First Lien                                    -          686,900.00                  171,750.00             686,900.00          705,000.00                   75.00
2503214948         RICHMOND                                            23228   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                     75,750.00                     75,750.00   First Lien                                    -           95,950.00                   20,200.00             101,000.00          102,000.00                   75.00
2503215015         XXXXX                                               22015   VA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    488,000.00                    488,000.00   First Lien                                    -          488,000.00                           -                      -          610,000.00                   80.00
0000000000         MIAMI                                               33172   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    157,500.00                    157,500.00   First Lien                                    -          199,500.00                   42,000.00             210,000.00          210,000.00                   75.00
2503215020         CANTONMENT                                          32533   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    177,675.00                    177,675.00   First Lien                                    -          236,900.00                   59,225.00             236,900.00          245,000.00                   75.00
2503215036         SOUTH OZONE PARK                                    11420   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    424,000.00                    424,000.00   First Lien                                    -          530,000.00                  106,000.00             530,000.00          530,000.00                   80.00
0000000000         OLIVEHURST                                          95961   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    269,450.00                    269,450.00   First Lien                                    -          269,450.00                           -                      -          317,000.00                   85.00
2503215054         EL SEGUNDO                                          90245   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    645,000.00                    645,000.00   First Lien                                    -          835,000.00                  190,000.00             835,000.00          850,000.00                   77.25
2503215072         ORLANDO                                             32819   FL                       20070501                20370301    ARMS                   Yes                                         360                    480                          360                    116,000.00                    116,000.00   First Lien                                    -          116,000.00                           -                      -          147,000.00                   78.91
2503215097         XXXXXXXX                                            00000   XX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    150,500.00                    150,500.00   First Lien                                    -          204,250.00                   53,750.00                      -          215,000.00                   70.00
2503215118         XXXXXX                                              00000   XX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    637,500.00                    637,500.00   First Lien                                    -          850,000.00                  212,500.00             850,000.00          850,000.00                   75.00
2503215120         SOUTH AMBOY                                          8879   NJ                       20070501                20370401    ARMS                   No                                          360                    360                          360                    322,500.00                    322,500.00   First Lien                                    -          392,500.00                   70,000.00                      -          430,000.00                   75.00
2503215125         CHULA VISTA                                         91910   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    393,600.00                    393,600.00   First Lien                                    -          492,000.00                   98,400.00                      -          492,000.00                   80.00
2503215126         LEHIGH ACRES                                        33936   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    133,500.00                    133,500.00   First Lien                                    -          133,500.00                           -                      -          167,000.00                   79.94
2503215127         CHICAGO                                             60636   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    225,000.00                    225,000.00   First Lien                                    -          285,000.00                   60,000.00             300,000.00          330,000.00                   75.00
2503215150         XXXXXXX CHAPEL                                      33543   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    285,000.00                    285,000.00   First Lien                                    -          285,000.00                           -                      -          318,000.00                   89.62
2503215168         MIAMI                                               33133   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    603,750.00                    603,750.00   First Lien                                    -          805,000.00                  201,250.00             805,000.00          805,000.00                   75.00
2503215176         XXXX ELLYN                                          60137   IL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    191,250.00                    191,250.00   First Lien                                    -          229,500.00                   38,250.00                      -          255,000.00                   75.00
2503215179         HILO                                                96720   HI                       20070401                20370301    FIXED                  No                                          360                    360                          360                     70,000.00                     70,000.00   First Lien                                    -           70,000.00                           -                      -          275,800.00                   25.38
2503215183         CERES                                               95307   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    305,000.00                    305,000.00   First Lien                                    -          305,000.00                           -                      -          345,000.00                   88.41
2503215190         ROUND ROCK                                          78664   TX                       20070501                20370401    FIXED                  No                                          360                    360                          360                     78,033.00                     78,033.00   First Lien                                    -           98,841.00                   20,808.00             104,044.00          113,000.00                   75.00
2503215191         SAN BERNARDINO                                      92411   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    172,000.00                    172,000.00   First Lien                                    -          204,250.00                   32,250.00             215,000.00          215,000.00                   80.00
2503215197         PAAUHAU                                             96775   HI                       20070501                20370301    FIXED                  Yes                                         360                    480                          360                    383,200.00                    383,200.00   First Lien                                    -          383,200.00                           -                      -          479,000.00                   80.00
0000000000         CHICAGO                                             60641   IL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    493,000.00                    493,000.00   First Lien                                    -          493,000.00                           -                      -          590,000.00                   83.56
2503215201         MADERA                                              93637   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    296,000.00                    296,000.00   First Lien                                    -          370,000.00                   74,000.00                      -          370,000.00                   80.00
2503215209         SANTA XXX                                           92701   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    588,000.00                    588,000.00   First Lien                                    -          756,000.00                  168,000.00                      -          840,000.00                   70.00
2503215216         DEER PARK                                           11729   NY                       20070501                20370401    ARMS                   No                                          360                    360                          360                    368,000.00                    368,000.00   First Lien                                    -          460,000.00                   92,000.00                      -          460,000.00                   80.00
2503215232         FAIRFIELD                                           94585   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    615,000.00                    615,000.00   First Lien                                    -          615,000.00                           -                      -          900,000.00                   68.33
2503215242         MILFORD                                              6460   CT                       20070501                20370401    FIXED                  No                                          360                    360                          360                    242,000.00                    242,000.00   First Lien                                    -          242,000.00                           -                      -          305,000.00                   79.34
2503215269         XXXXXXX                                             00000   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    211,500.00                    211,500.00   First Lien                                    -          211,500.00                           -             235,000.00          235,000.00                   90.00
2503215291         XXXXXXX                                             00000   XX                       20070401                20370301    ARMS                   No                                          360                    360                          360                    508,000.00                    508,000.00   First Lien                                    -          635,000.00                  127,000.00             635,000.00          635,000.00                   80.00
2503215293         CHICAGO                                             60628   IL                       20070401                20370301    FIXED                  No                                          360                    360                          360                     75,000.00                     75,000.00   First Lien                                    -           75,000.00                           -                      -          150,000.00                   50.00
2503215330         MILILANI                                            96789   HI                       20070501                20370401    ARMS                   No                                          360                    360                          360                    424,000.00                    424,000.00   First Lien                                    -          530,000.00                  106,000.00             530,000.00          530,000.00                   80.00
2503215349         RANDALLSTOWN                                        21133   MD                       20070501                20370401    ARMS                   No                                          360                    360                          360                    640,000.00                    640,000.00   First Lien                                    -          640,000.00                           -                      -          800,000.00                   80.00
2503215368         NORTH HAVEN                                          6473   CT                       20070401                20370301    ARMS                   No                                          360                    360                          360                    386,250.00                    386,250.00   First Lien                                    -          489,250.00                  103,000.00                      -          515,000.00                   75.00
0000000000         PALMDALE                                            93550   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    263,200.00                    263,200.00   First Lien                                    -          329,000.00                   65,800.00             329,000.00          329,000.00                   80.00
2503215376         CANOGA PARK                                         91306   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    420,000.00                    420,000.00   First Lien                                    -          420,000.00                           -                      -          675,000.00                   62.22
2503215386         CHICAGO                                             60610   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    185,000.00                    185,000.00   First Lien                                    -          185,000.00                           -                      -          285,000.00                   64.91
2503215391         WATERBURY                                            6705   CT                       20070501                20370401    ARMS                   No                                          360                    360                          360                    164,800.00                    164,800.00   First Lien                                    -          206,000.00                   41,200.00             206,500.00          206,000.00                   80.00
2503215398         PORTSMOUTH                                          23704   VA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    106,575.00                    106,575.00   First Lien                                    -          127,890.00                   21,315.00                      -          142,100.00                   75.00
0000000000         BAKERSFIELD                                         93313   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    231,200.00                    231,200.00   First Lien                                    -          289,000.00                   57,800.00             289,000.00          289,000.00                   80.00
2503215430         NOBLESVILLE                                         46060   IN                       20070501                20370401    ARMS                   No                                          360                    360                          360                    585,000.00                    585,000.00   First Lien                                    -          780,000.00                  195,000.00             780,000.00          780,000.00                   75.00
2503215431         BROOKLYN                                            11203   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    420,000.00                    420,000.00   First Lien                                    -          525,000.00                  105,000.00             525,000.00          525,000.00                   80.00
2503215436         WATSONVILLE                                         95076   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    549,600.00                    549,600.00   First Lien                                    -          652,650.00                  103,050.00                      -          687,000.00                   80.00
2503215437         XXXXXX XXXXX                                        00000   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    460,000.00                    460,000.00   First Lien                                    -          460,000.00                           -                      -          845,000.00                   54.44
2503215443         TALLAHASSEE                                         33125   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    112,500.00                    112,500.00   First Lien                                    -          142,500.00                   30,000.00             150,000.00          150,000.00                   75.00
2503215444         JOLIET                                              60436   IL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    172,000.00                    172,000.00   First Lien                                    -          172,000.00                           -                      -          215,000.00                   80.00
0000000000         JOLIET                                              60436   IL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    160,000.00                    160,000.00   First Lien                                    -          180,000.00                   20,000.00                      -          200,000.00                   80.00
2503215476         LONG BEACH                                          90802   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    488,000.00                    488,000.00   First Lien                                    -          610,000.00                  122,000.00             610,000.00          615,000.00                   80.00
0000000000         XXXXX XXXXXXXXXX                                    00000   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                     98,000.00                     98,000.00   First Lien                                    -          126,000.00                   28,000.00                      -          140,000.00                   70.00
2503215496         ANAHEIM                                             92801   CA                       20070501                20370401    FIXED                  No                                          360                    360                          360                    496,000.00                    496,000.00   First Lien                                    -          496,000.00                           -                      -          620,000.00                   80.00
0000000000         RONKONKOMA                                          11779   NY                       20070501                20370401    ARMS                   No                                          360                    360                          360                    351,900.00                    351,900.00   First Lien                                    -          439,850.00                   87,950.00             439,900.00          450,000.00                   80.00
2503215504         BOCA RATON                                          33498   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    316,000.00                    316,000.00   First Lien                                    -          395,000.00                   79,000.00                      -          395,000.00                   80.00
2503215509         BROOKLYN                                            11210   NY                       20070501                20370301    FIXED                  Yes                                         360                    480                          360                    360,000.00                    360,000.00   First Lien                                    -          360,000.00                           -                      -          490,000.00                   73.47
2503215532         SALINAS                                             93901   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    250,000.00                    250,000.00   First Lien                                    -          250,000.00                           -                      -          501,000.00                   49.90
2503215536         MOUNT PROSPECT                                      60056   IL                       20070501                20370301    ARMS                   Yes                                         360                    480                          360                    131,250.00                    131,250.00   First Lien                                    -          166,250.00                   35,000.00                      -          175,000.00                   75.00
2503215541         XXXXXX HILL                                         95037   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    432,000.00                    432,000.00   First Lien                                    -          540,000.00                  108,000.00             540,000.00          540,000.00                   80.00
0000000000         UKIAH                                               95482   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    259,200.00                    259,200.00   First Lien                                    -          324,000.00                   64,800.00             324,000.00          342,500.00                   80.00
2503215551         TUCSON                                              85730   AZ                       20070501                20370401    FIXED                  No                                          360                    360                          360                    125,000.00                    125,000.00   First Lien                                    -          125,000.00                           -                      -          195,000.00                   64.10
2503215561         TEHACHAPI                                           93561   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    180,000.00                    180,000.00   First Lien                                    -          225,000.00                   45,000.00                      -          225,000.00                   80.00
2503215574         LAS VEGAS                                           89109   NV                       20070501                20370401    ARMS                   No                                          360                    360                          360                    430,500.00                    430,500.00   First Lien                                    -          430,500.00                           -                      -          615,000.00                   70.00
2503215579         SALINAS                                             93906   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    532,000.00                    532,000.00   First Lien                                    -          532,000.00                           -                      -          560,000.00                   95.00
2503215592         ELMONT                                              11003   NY                       20070501                20370401    ARMS                   No                                          360                    360                          360                    380,000.00                    380,000.00   First Lien                                    -          475,000.00                   95,000.00                      -          475,000.00                   80.00
2503215593         MIAMI                                               33157   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    525,000.00                    525,000.00   First Lien                                    -          700,000.00                  175,000.00             700,000.00          700,000.00                   75.00
2503215604         NEW BEDFORD                                          2740   MA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    160,000.00                    160,000.00   First Lien                                    -          160,000.00                           -                      -          238,000.00                   67.23
2503215625         POMONA                                              91767   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    352,000.00                    352,000.00   First Lien                                    -          396,000.00                   44,000.00                      -          440,000.00                   80.00
2503215642         XXXXXX                                              11423   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    345,000.00                    345,000.00   First Lien                                    -          460,000.00                  115,000.00             460,000.00          460,000.00                   75.00
2503215650         XXXXX XXXXXXXXXX                                    00000   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    200,700.00                    200,700.00   First Lien                                    -          200,700.00                           -                      -          223,000.00                   90.00
2503215656         MILPITAS                                            95035   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    200,000.00                    200,000.00   First Lien                                    -          200,000.00                           -                      -          650,000.00                   30.77
2503215663         BROOKLYN                                            11208   NY                       20070401                20370301    ARMS                   No                                          360                    360                          360                    468,000.00                    468,000.00   First Lien                                    -          585,000.00                  117,000.00             585,000.00          600,000.00                   80.00
2503215683         MIAMI                                               33016   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    136,500.00                    136,500.00   First Lien                                    -          136,500.00                           -                      -          195,000.00                   70.00
2503215699         UPPER MARLBORO                                      20774   MD                       20070401                20370301    ARMS                   No                                          360                    360                          360                    300,000.00                    300,000.00   First Lien                                    -          380,000.00                   80,000.00                      -          400,000.00                   75.00
2503215716         THOUSAND OAKS                                       91362   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    444,000.00                    444,000.00   First Lien                                    -          555,000.00                  111,000.00             555,000.00          555,000.00                   80.00
2503215718         QUAIL VALLEY                                        92587   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    202,500.00                    202,500.00   First Lien                                    -          202,500.00                           -                      -          270,000.00                   75.00
2503215723         SALINAS                                             93906   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    583,500.00                    583,500.00   First Lien                                    -          583,500.00                           -                      -          687,000.00                   84.93
2503215725         SAN XXXX                                            95117   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    750,000.00                    750,000.00   First Lien                                    -        1,037,000.00                  287,000.00           1,037,000.00        1,037,000.00                   72.32
2503215726         NORTH DARTMOUTH                                      2747   MA                       20070501                20370301    FIXED                  Yes                                         360                    480                          360                    320,000.00                    320,000.00   First Lien                                    -          400,000.00                   80,000.00                      -          400,000.00                   80.00
2503215728         MIRAMAR                                             33025   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    128,000.00                    128,000.00   First Lien                                    -          148,000.00                   20,000.00                      -          175,000.00                   73.14
2503215731         CHULA VISTA                                         91913   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    411,000.00                    411,000.00   First Lien                                    -          548,000.00                  137,000.00                      -          548,000.00                   75.00
2503215734         XXXXXXX                                             93905   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    388,000.00                    388,000.00   First Lien                                    -          388,000.00                           -                      -          485,000.00                   80.00
2503215744         GREENFIELD                                          93927   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    185,000.00                    185,000.00   First Lien                                    -          185,000.00                           -                      -          450,000.00                   41.11
0000000000         VALLEJO                                             94589   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    367,200.00                    367,200.00   First Lien                                    -          459,000.00                   91,800.00             459,000.00          470,000.00                   80.00
2503215752         LONG BEACH                                          90814   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    604,000.00                    604,000.00   First Lien                                    -          604,000.00                           -                      -          755,000.00                   80.00
2503215760         VAN NUYS                                            91406   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    452,000.00                    452,000.00   First Lien                                    -          565,000.00                  113,000.00             565,000.00          565,000.00                   80.00
2503215790         XXXXXX XXXXX                                        00000   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    198,000.00                    198,000.00   First Lien                                    -          198,000.00                           -                      -          220,000.00                   90.00
2503215803         S. OZONE PARK                                       11420   NY                       20070501                20370401    ARMS                   No                                          360                    360                          360                    592,000.00                    592,000.00   First Lien                                    -          740,000.00                  148,000.00                      -          740,000.00                   80.00
2503215808         LOS ANGELES                                         90020   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    544,000.00                    544,000.00   First Lien                                    -          680,000.00                  136,000.00             680,000.00          680,000.00                   80.00
2503215820         ROYAL PALM BEACH                                    33411   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    178,000.00                    178,000.00   First Lien                                    -          237,600.00                   59,600.00             238,400.00          238,400.00                   74.66
2503215831         LANCASTER                                           93536   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                  1,000,000.00                  1,000,000.00   First Lien                                    -        1,286,000.00                  286,000.00                      -        1,430,000.00                   69.93
2503215856         SANTA XXXX                                          95401   CA                       20070501                20370301    ARMS                   Yes                                         360                    480                          360                    225,000.00                    225,000.00   First Lien                                    -          225,000.00                           -                      -          460,000.00                   48.91
2503215862         MESA                                                85209   AZ                       20070501                20370301    ARMS                   Yes                                         360                    480                          360                    188,000.00                    188,000.00   First Lien                                    -          235,000.00                   47,000.00             235,000.00          235,000.00                   80.00
2503215889         CHICAGO                                             60626   IL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    160,000.00                    160,000.00   First Lien                                    -          190,000.00                   30,000.00                      -          200,000.00                   80.00
0000000000         JAMESBURG BORO                                       8831   NJ                       20070501                20370401    FIXED                  No                                          360                    360                          360                    213,750.00                    213,750.00   First Lien                                    -          285,000.00                   71,250.00                      -          285,000.00                   75.00
2503215928         MONTCLAIR                                           91763   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    340,000.00                    340,000.00   First Lien                                    -          403,500.00                   63,500.00                      -          425,000.00                   80.00
2503215945         RANDALLSTOWN                                        21133   MD                       20070501                20370401    ARMS                   No                                          360                    360                          360                    236,250.00                    236,250.00   First Lien                                    -          315,000.00                   78,750.00             315,000.00          325,000.00                   75.00
2503215957         ONTARIO                                             91762   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    322,400.00                    322,400.00   First Lien                                    -          382,850.00                   60,450.00                      -          404,000.00                   79.80
2503215971         LAKELAND                                            33813   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    186,000.00                    186,000.00   First Lien                                    -          235,600.00                   49,600.00                      -          248,000.00                   75.00
2503215993         FULLERTON                                           92833   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    431,250.00                    431,250.00   First Lien                                    -          546,200.00                  114,950.00                      -          575,000.00                   75.00
2503216002         XXXXXXXXXX                                          00000   XX                       20070501                20370401    ARMS                   No                                          360                    360                          360                    287,120.00                    287,120.00   First Lien                                    -          287,120.00                           -             358,900.00          358,900.00                   80.00
2503216015         SAN BERNARDINO                                      92410   CA                       20070501                20370401    FIXED                  No                                          360                    360                          360                    347,100.00                    347,100.00   First Lien                                    -          347,100.00                           -                      -          445,000.00                   78.00
2503216019         SACRAMENTO                                          95822   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    169,875.00                    169,875.00   First Lien                                    -          215,175.00                   45,300.00             226,500.00          250,000.00                   75.00
2503216028         EWA BEACH                                           96706   HI                       20070501                20370401    ARMS                   No                                          360                    360                          360                    379,200.00                    379,200.00   First Lien                                    -          474,000.00                   94,800.00                      -          478,000.00                   79.33
2503216057         XXXX XXXXXXXXXX                                     00000   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    262,400.00                    262,400.00   First Lien                                    -          349,850.00                   87,450.00             349,900.00          353,000.00                   74.99
2503216061         MIAMI                                               33137   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    596,250.00                    596,250.00   First Lien                                    -          795,000.00                  198,750.00             795,000.00          795,000.00                   75.00
2503216062         BURRILLVILLE                                         2859   RI                       20070501                20370401    FIXED                  No                                          360                    360                          360                    255,000.00                    255,000.00   First Lien                                    -          340,000.00                   85,000.00                      -          340,000.00                   75.00
2503216079         ORLANDO                                             32824   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    176,850.00                    176,850.00   First Lien                                    -          210,000.00                   33,150.00             221,069.00          224,000.00                   80.00
2503216083         COPIAGUE                                            11726   NY                       20070501                20370401    ARMS                   No                                          360                    360                          360                    341,250.00                    341,250.00   First Lien                                    -          455,000.00                  113,750.00             455,000.00          455,000.00                   75.00
2503216088         ROCKLIN                                             95677   CA                       20070501                20370401    FIXED                  No                                          360                    360                          360                    295,000.00                    295,000.00   First Lien                                    -          295,000.00                           -                      -          650,000.00                   45.38
2503216103         KEAAU                                               96749   HI                       20070501                20370401    FIXED                  No                                          360                    360                          360                    135,000.00                    135,000.00   First Lien                                    -          135,000.00                           -                      -          310,000.00                   43.55
2503216125         VALLEY STREAM                                       11580   NY                       20070501                20370301    ARMS                   Yes                                         360                    480                          360                    360,000.00                    360,000.00   First Lien                                    -          450,000.00                   90,000.00             450,000.00          450,000.00                   80.00
2503216144         MURRIETA                                            92562   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    257,000.00                    257,000.00   First Lien                                    -          257,000.00                           -                      -          370,000.00                   69.46
0000000000         BERKELEY                                            94703   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    570,000.00                    570,000.00   First Lien                                    -          708,997.00                  138,997.00                      -          753,000.00                   75.70
2503216150         CHICAGO                                             60609   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    194,350.00                    194,350.00   First Lien                                    -          246,150.00                   51,800.00             259,137.00          262,000.00                   75.00
2503216153         CLOVIS                                              93611   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    145,000.00                    145,000.00   First Lien                                    -          145,000.00                           -             295,000.00          295,000.00                   49.15
0000000000         FRESNO                                              93727   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    204,000.00                    204,000.00   First Lien                                    -          242,250.00                   38,250.00                      -          255,000.00                   80.00
2503216167         MIAMI                                               33155   FL                       20070501                20370401    FIXED                  No                                          360                    360                          360                    192,500.00                    192,500.00   First Lien                                    -          192,500.00                           -                      -          350,000.00                   55.00
2503216169         PENSACOLA                                           32507   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    240,000.00                    240,000.00   First Lien                                    -          240,000.00                           -                      -          320,000.00                   75.00
0000000000         XXXXXXX XXXXX                                       00000   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    178,500.00                    178,500.00   First Lien                                    -          226,100.00                   47,600.00             238,000.00          238,000.00                   75.00
2503216189         WATSONVILLE                                         95076   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    333,000.00                    333,000.00   First Lien                                    -          333,000.00                           -                      -          940,000.00                   35.43
2503216199         DANVILLE                                            61832   IL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    148,000.00                    148,000.00   First Lien                                    -          185,000.00                   37,000.00             185,000.00          186,000.00                   80.00
2503216251         XXXXXXX                                             00000   XX                       20070501                20370401    ARMS                   No                                          360                    360                          360                    243,750.00                    243,750.00   First Lien                                    -          292,500.00                   48,750.00                      -          325,000.00                   75.00
2503216252         FRESNO                                              93722   CA                       20070401                20220301    FIXED                  No                                          180                    180                          180                    210,000.00                    210,000.00   First Lien                                    -          210,000.00                           -                      -          300,000.00                   70.00
2503216259         BOLINGBROOK                                         60440   IL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    211,900.00                    211,900.00   First Lien                                    -          264,850.00                   52,950.00             264,900.00          265,000.00                   79.99
2503216266         XXXXX XXXX                                          20769   MD                       20070501                20370401    FIXED                  No                                          360                    360                          360                    303,100.00                    303,100.00   First Lien                                    -          378,850.00                   75,750.00             378,900.00          385,000.00                   79.99
2503216269         XXXXXXXXXX                                          00000   XX                       20070501                20370401    FIXED                  No                                          360                    360                          360                    282,000.00                    282,000.00   First Lien                                    -          334,879.00                   52,879.00             352,525.00          352,525.00                   79.99
2503216282         HESPERIA                                            92345   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    256,000.00                    256,000.00   First Lien                                    -          256,000.00                           -                      -          330,000.00                   77.58
0000000000         MIAMI                                               33131   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    442,500.00                    442,500.00   First Lien                                    -          590,000.00                  147,500.00                      -          590,000.00                   75.00
2503216296         SALINAS                                             93901   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    560,000.00                    560,000.00   First Lien                                    -          700,000.00                  140,000.00                      -          700,000.00                   80.00
2503216308         CELINA                                              75009   TX                       20070501                20370401    FIXED                  No                                          360                    360                          360                    150,000.00                    150,000.00   First Lien                                    -          150,000.00                           -             272,990.00          300,000.00                   54.95
2503216315         SAINT XXXXXX                                        84770   UT                       20070501                20370401    ARMS                   No                                          360                    360                          360                    284,000.00                    284,000.00   First Lien                                    -          336,250.00                   52,250.00                      -          360,000.00                   78.89
0000000000         SUPERIOR                                            85273   AZ                       20070501                20370401    FIXED                  No                                          360                    360                          360                    202,500.00                    202,500.00   First Lien                                    -          202,500.00                           -                      -          225,000.00                   90.00
2503216340         WASHINGTON                                          20010   DC                       20070501                20370401    ARMS                   No                                          360                    360                          360                    366,400.00                    366,400.00   First Lien                                    -          435,100.00                   68,700.00                      -          458,000.00                   80.00
2503216348         MIAMI                                               33139   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    135,000.00                    135,000.00   First Lien                                    -          135,000.00                           -             270,000.00          280,000.00                   50.00
2503216391         ELGIN                                               60120   IL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    264,000.00                    264,000.00   First Lien                                    -          330,000.00                   66,000.00             330,000.00          330,000.00                   80.00
2503216397         WAIPAHU                                             96797   HI                       20070501                20370401    ARMS                   No                                          360                    360                          360                    552,000.00                    552,000.00   First Lien                                    -          690,000.00                  138,000.00                      -          690,000.00                   80.00
2503216406         MIRA LOMA                                           91752   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    356,000.00                    356,000.00   First Lien                                    -          445,000.00                   89,000.00             445,000.00          445,000.00                   80.00
2503216412         SAN BERNARDINO                                      92404   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    260,000.00                    260,000.00   First Lien                                    -          260,000.00                           -                      -          325,000.00                   80.00
2503216413         WAIPAHU                                             96797   HI                       20070501                20370401    ARMS                   No                                          360                    360                          360                    440,000.00                    440,000.00   First Lien                                    -          522,500.00                   82,500.00             550,000.00          550,000.00                   80.00
2503216438         WOODLAND HILLS                                      91364   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    750,000.00                    750,000.00   First Lien                                    -          980,000.00                  230,000.00             980,000.00          980,000.00                   76.53
2503216457         JAMAICA                                             11434   NY                       20070501                20370401    FIXED                  No                                          360                    360                          360                    360,000.00                    360,000.00   First Lien                                    -          360,000.00                           -                      -          450,000.00                   80.00
2503216465         SAN MATEO                                           94404   CA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    604,000.00                    604,000.00   First Lien                                    -          604,000.00                           -                      -          868,000.00                   69.59
2503216474         CAMARILLO                                           93012   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    577,500.00                    577,500.00   First Lien                                    -          577,500.00                           -                      -          770,000.00                   75.00
2503216504         DANBURY                                              6810   CT                       20070501                20370401    ARMS                   No                                          360                    360                          360                    273,750.00                    273,750.00   First Lien                                    -          365,000.00                   91,250.00                      -          365,000.00                   75.00
2503216506         STOCKTON                                            95212   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    253,000.00                    253,000.00   First Lien                                    -          253,000.00                           -                      -          395,000.00                   64.05
2503216509         HAYWARD                                             94545   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    598,000.00                    598,000.00   First Lien                                    -          598,000.00                           -             747,500.00          747,500.00                   80.00
2503216524         MAGNA                                               84044   UT                       20070501                20370401    ARMS                   No                                          360                    360                          360                    116,000.00                    116,000.00   First Lien                                    -          137,750.00                   21,750.00                      -          145,000.00                   80.00
2503216536         LOMBARD                                             60148   IL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    682,500.00                    682,500.00   First Lien                                    -          835,750.00                  153,250.00                      -          910,000.00                   75.00
2503216541         MIAMI                                               33183   FL                       20070401                20370301    FIXED                  No                                          360                    360                          360                    292,000.00                    292,000.00   First Lien                                    -          365,000.00                   73,000.00             365,000.00          390,000.00                   80.00
2503216552         DORAL                                               33166   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    183,900.00                    183,900.00   First Lien                                    -          229,880.00                   45,980.00             229,900.00          230,000.00                   79.99
2503216573         CHICAGO                                             60655   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                     82,500.00                     82,500.00   First Lien                                    -          104,500.00                   22,000.00             110,000.00          190,000.00                   75.00
2503216578         COLUMBIA                                            29223   SC                       20070501                20370401    FIXED                  No                                          360                    360                          360                    165,000.00                    165,000.00   First Lien                                    -          165,000.00                           -                      -          328,000.00                   50.30
2503216643         LOS ANGELES                                         90043   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    502,500.00                    502,500.00   First Lien                                    -          603,000.00                  100,500.00             670,000.00          670,000.00                   75.00
2503216644         FREMONT                                             94538   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    456,000.00                    456,000.00   First Lien                                    -          456,000.00                           -                      -          876,000.00                   52.05
2503216655         WATSONVILLE                                         95076   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    695,000.00                    695,000.00   First Lien                                    -          695,000.00                           -                      -          950,000.00                   73.16
2503216657         REMSENBURG                                          11960   NY                       20070501                20370401    ARMS                   No                                          360                    360                          360                  1,120,000.00                  1,120,000.00   First Lien                                    -        1,360,000.00                  240,000.00                      -        1,600,000.00                   70.00
2503216658         PAAUILO                                             96776   HI                       20070501                20370301    FIXED                  Yes                                         360                    480                          360                    363,750.00                    363,750.00   First Lien                                    -          363,750.00                           -                      -          485,000.00                   75.00
2503216661         LYNWOOD                                             90262   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    185,000.00                    185,000.00   First Lien                                    -          284,978.00                   99,978.00                      -          285,000.00                   64.91
2503216671         WESTMINISTER                                        92683   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    585,000.00                    585,000.00   First Lien                                    -          663,000.00                   78,000.00                      -          780,000.00                   75.00
2503216711         SOUTH GATE                                          90280   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    468,000.00                    468,000.00   First Lien                                    -          585,000.00                  117,000.00             585,000.00          585,000.00                   80.00
0000000000         MIAMI                                               33182   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    285,000.00                    285,000.00   First Lien                                    -          285,000.00                           -                      -          445,000.00                   64.04
2503216767         RIVERSIDE                                           92507   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    281,600.00                    281,600.00   First Lien                                    -          352,000.00                   70,400.00             352,000.00          352,000.00                   80.00
2503216815         KAHULUI                                             96732   HI                       20070501                20370401    ARMS                   No                                          360                    360                          360                    465,600.00                    465,600.00   First Lien                                    -          552,900.00                   87,300.00                      -          582,000.00                   80.00
2503216830         FONTANA                                             92336   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    500,000.00                    500,000.00   First Lien                                    -          593,750.00                   93,750.00                      -          625,000.00                   80.00
2503216846         LAS VEGAS                                           89129   NV                       20070501                20370401    ARMS                   No                                          360                    360                          360                    216,000.00                    216,000.00   First Lien                                    -          270,000.00                   54,000.00             270,000.00          270,000.00                   80.00
2503216860         CHICAGO                                             60618   IL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    419,250.00                    419,250.00   First Lien                                    -          559,000.00                  139,750.00             559,000.00          559,000.00                   75.00
2503216863         BROOKLYN                                            11234   NY                       20070501                20370401    ARMS                   No                                          360                    360                          360                    374,400.00                    374,400.00   First Lien                                    -          421,200.00                   46,800.00             468,000.00          468,000.00                   80.00
2503216894         ARLINGTON                                           22204   VA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    448,000.00                    448,000.00   First Lien                                    -          560,000.00                  112,000.00             560,000.00          570,000.00                   80.00
2503216911         MIAMI                                               33142   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    202,500.00                    202,500.00   First Lien                                    -          270,000.00                   67,500.00             270,000.00          270,000.00                   75.00
2503216943         CHICAGO                                             60632   IL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    240,000.00                    240,000.00   First Lien                                    -          320,000.00                   80,000.00                      -          320,000.00                   75.00
2503216948         ATLANTA                                             30318   GA                       20070401                20370301    ARMS                   No                                          360                    360                          360                    127,920.00                    127,920.00   First Lien                                    -          159,900.00                   31,980.00             159,900.00          159,900.00                   80.00
2503216982         ANNANDALE                                           22003   VA                       20070501                20370401    FIXED                  No                                          360                    360                          360                    400,000.00                    400,000.00   First Lien                                    -          499,000.00                   99,000.00                      -          500,000.00                   80.00
2503216991         POMPANO BEACH                                       33064   FL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    153,750.00                    153,750.00   First Lien                                    -          205,000.00                   51,250.00             205,000.00          205,000.00                   75.00
2503216992         WEST HAVEN                                           6516   CT                       20070501                20370401    ARMS                   No                                          360                    360                          360                    172,000.00                    172,000.00   First Lien                                    -          215,000.00                   43,000.00             215,000.00          226,000.00                   80.00
2503217017         HIALEAH                                             33012   FL                       20070501                20370401    ARMS                   No                                          360                    360                          360                    266,250.00                    266,250.00   First Lien                                    -          355,000.00                   88,750.00             355,000.00          360,000.00                   75.00
2503217028         CHICAGO                                             60629   IL                       20070401                20370301    ARMS                   No                                          360                    360                          360                    247,500.00                    247,500.00   First Lien                                    -          330,000.00                   82,500.00                      -          330,000.00                   75.00
2503217040         BROOKLYN                                            11230   NY                       20070501                20370401    ARMS                   No                                          360                    360                          360                    320,000.00                    320,000.00   First Lien                                    -          360,000.00                   40,000.00                      -          400,000.00                   80.00
2503217051         WESTBURY                                            11590   NY                       20070501                20370401    ARMS                   No                                          360                    360                          360                    340,200.00                    340,200.00   First Lien                                    -          425,250.00                   85,050.00             425,250.00          445,000.00                   80.00
0000000000         WEST HAVEN                                           6516   CT                       20070401                20370301    ARMS                   No                                          360                    360                          360                    232,800.00                    232,800.00   First Lien                                    -          291,000.00                   58,200.00                      -          291,000.00                   80.00
2503217082         SANTA XXXXX                                         93060   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    750,000.00                    750,000.00   First Lien                                    -          750,000.00                           -                      -          980,000.00                   76.53
2503217190         SAINT ALBANS                                        11412   NY                       20070501                20370401    ARMS                   No                                          360                    360                          360                    412,000.00                    412,000.00   First Lien                                    -          515,000.00                  103,000.00             515,000.00          525,000.00                   80.00
2503217240         ARTESIA                                             90703   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    632,000.00                    632,000.00   First Lien                                    -          790,000.00                  158,000.00             790,000.00          790,000.00                   80.00
2503217248         SALINAS                                             93901   CA                       20070501                20370401    ARMS                   No                                          360                    360                          360                    452,000.00                    452,000.00   First Lien                                    -          565,000.00                  113,000.00             565,000.00          570,000.00                   80.00
3903000017         WASHINGTON                                          20019   DC                       20061201                20361101    ARMS                   No                                          360                    360                          356                    116,000.00                    115,606.81   First Lien                                    -          116,000.00                           -                      -          200,000.00                   58.00
3903000027         CERES                                               95307   CA                       20060701                20220301    FIXED                  Yes                                         180                    360                          171                     97,065.00                     96,811.79   First Lien                                    -           97,065.00                           -                      -          485,500.00                   19.99
1103607155         PALM HARBOR                                         34685   FL                       20061101                20211201    FIXED                  Yes                                         180                    360                          175                     82,570.00                     82,436.96   Second Lien                          239,330.00          321,900.00                           -             341,900.00          350,000.00                   94.15
1103611265         MOUNDS VIEW                                         55112   MN                       20061101                20211101    FIXED                  Yes                                         180                    360                          175                     37,320.00                     37,254.41   Second Lien                          186,600.00          223,920.00                           -             248,800.00          249,000.00                   90.00
1103615855         GALLATIN                                            37066   TN                       20061101                20210901    FIXED                  Yes                                         180                    360                          175                     40,847.00                     40,787.38   Second Lien                          114,373.00          155,220.00                           -             163,390.00          163,500.00                   95.00
1103617309         XXXXXXXXX                                           89015   NV                       20070201                20211001    FIXED                  Yes                                         180                    360                          178                     42,000.00                     42,000.00   Second Lien                          157,500.00          199,500.00                           -             210,000.00          230,000.00                   95.00
1103629549         XXXXXXXX                                            00000   XX                       20070101                20211101    FIXED                  Yes                                         180                    360                          177                     49,400.00                     49,357.19   Second Lien                          185,250.00          234,650.00                           -             247,000.00          247,000.00                   95.00
0000000000         PENSACOLA                                           32507   FL                       20061201                20211101    FIXED                  Yes                                         180                    360                          176                     74,900.00                     74,770.41   Second Lien                          209,900.00          284,800.00                           -             299,900.00          307,000.00                   94.96
1103631521         WEATHERFORD                                         76086   TX                       20070101                20211201    FIXED                  Yes                                         180                    360                          177                     50,200.00                     50,161.06   Second Lien                          140,600.00          190,800.00                           -             200,890.00          201,500.00                   94.98
1103632213         KISSIMMEE                                           34746   FL                       20061201                20220101    FIXED                  Yes                                         180                    360                          176                     50,600.00                     50,564.59   Second Lien                          199,187.00          249,787.00                           -             253,000.00          270,000.00                   98.73
1103632647         XXXXXXX                                             00000   FL                       20070101                20211101    FIXED                  Yes                                         180                    360                          177                     26,000.00                     25,979.81   Second Lien                           97,500.00          123,500.00                           -             130,000.00          130,000.00                   95.00
0000000000         GULFPORT                                            39507   MS                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     75,800.00                     75,765.15   Second Lien                          284,200.00          360,000.00                           -             379,000.00          475,000.00                   94.99
1103633348         TOMS RIVER                                           8753   NJ                       20070101                20220101    FIXED                  Yes                                         180                    360                          177                     20,000.00                     19,984.06   Second Lien                          151,000.00          171,000.00                           -                      -          190,000.00                   90.00
0000000000         FREMONT                                             94538   CA                       20070101                20211201    FIXED                  No                                          180                    180                          177                     35,750.00                     35,750.00   Second Lien                          572,000.00          607,750.00                           -                      -          715,000.00                   85.00
0000000000         WAIKOLOA                                            96738   HI                       20070101                20361201    FIXED                  No                                          360                    360                          357                    164,250.00                    164,250.00   Second Lien                          821,250.00          985,500.00                           -           1,095,000.00        1,095,000.00                   90.00
1103634731         FRESNO                                              93720   CA                       20070201                20211201    FIXED                  Yes                                         180                    360                          178                     62,600.00                     62,559.35   Second Lien                          146,050.00          208,650.00                           -             208,650.00          230,000.00                  100.00
1103635225         LOS ANGELES                                         90002   CA                       20061201                20211101    FIXED                  Yes                                         180                    360                          176                    110,000.00                    110,000.00   Second Lien                          440,000.00          550,000.00                           -             550,000.00          550,000.00                  100.00
1103636866         HOMESTEAD                                           33035   FL                       20070101                20220301    FIXED                  Yes                                         180                    360                          177                     23,500.00                     23,500.00   Second Lien                          125,400.00          148,900.00                           -             156,750.00          198,000.00                   94.99
0000000000         XXXXXXXX                                            00000   XX                       20070101                20211201    FIXED                  Yes                                         180                    360                          177                     20,000.00                     19,973.46   Second Lien                          160,000.00          180,000.00                           -             200,000.00          207,000.00                   90.00
1103636974         PENSACOLA                                           32507   FL                       20070201                20211201    FIXED                  Yes                                         180                    360                          178                     76,600.00                     76,560.59   Second Lien                          268,200.00          344,800.00                           -             383,250.00          439,000.00                   89.97
1103638281         XXXXXXX                                             90222   CA                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     64,050.00                     64,050.00   Second Lien                          341,600.00          405,650.00                           -             427,000.00          427,000.00                   95.00
1103639592         NORFOLK                                             23504   VA                       20070101                20220101    FIXED                  Yes                                         180                    360                          177                     19,350.00                     19,327.36   Second Lien                           96,750.00          116,100.00                           -             129,000.00          140,000.00                   90.00
1103639604         XXXXXXXXXXXXXX                                      00000   XX                       20070101                20211201    FIXED                  Yes                                         180                    360                          177                     54,350.00                     54,284.63   Second Lien                          434,850.00          489,200.00                           -             543,616.00          566,000.00                   89.99
1103640962         XXXXX XXXXX                                         00000   AZ                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     29,600.00                     29,582.79   Second Lien                          111,000.00          140,600.00                           -             148,000.00          170,000.00                   95.00
1103641071         KISSIMMEE                                           34744   FL                       20070301                20220101    FIXED                  Yes                                         180                    360                          179                     45,300.00                     45,285.91   Second Lien                          226,700.00          272,000.00                           -             302,273.00          308,100.00                   89.98
1103641374         SPRINGFIELD                                         22152   VA                       20070401                20220101    FIXED                  Yes                                         180                    360                          180                     56,000.00                     56,000.00   Second Lien                          528,000.00          584,000.00                           -                      -          660,000.00                   88.48
0000000000         BIG BEAR CITY                                       92314   CA                       20070201                20220201    FIXED                  Yes                                         180                    360                          178                     40,750.00                     40,750.00   Second Lien                          163,000.00          203,750.00                           -             203,750.00          210,000.00                  100.00
1103641729         LAKE FOREST                                         92630   CA                       20070201                20220201    FIXED                  Yes                                         180                    360                          178                     47,500.00                     47,497.49   Second Lien                          292,500.00          340,000.00                           -                      -          390,000.00                   87.18
1103641842         LAS VEGAS                                           89123   NV                       20070301                20220101    FIXED                  Yes                                         180                    360                          179                     54,000.00                     53,986.94   Second Lien                          216,000.00          270,000.00                           -             270,000.00          287,000.00                  100.00
1103642183         XXXXX XXXXX XXXXX                                   00000   FL                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     39,600.00                     39,580.74   Second Lien                          316,800.00          356,400.00                           -             396,616.00          690,000.00                   89.86
1103642337         ORLAND                                              95963   CA                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     24,700.00                     24,684.99   Second Lien                          197,600.00          222,300.00                           -             247,000.00          247,000.00                   90.00
1103642369         XXXXXX VALLEY                                       92551   CA                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     41,250.00                     41,226.28   Second Lien                          220,000.00          261,250.00                           -             275,000.00          340,000.00                   95.00
1103642871         ESCONDIDO                                           92026   CA                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     44,998.00                     44,984.84   Second Lien                          179,992.00          224,990.00                           -             224,990.00          235,000.00                  100.00
1103642988         FORT XXXXXX                                         34982   FL                       20070101                20361201    FIXED                  No                                          360                    360                          357                     31,600.00                     31,580.43   Second Lien                          126,400.00          158,000.00                           -             158,000.00          160,000.00                  100.00
1103643399         MIAMI BEACH                                         33140   FL                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     36,000.00                     35,991.53   Second Lien                          288,000.00          324,000.00                           -             360,000.00          360,000.00                   90.00
1103643572         HOMESTEAD                                           33033   FL                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     60,000.00                     59,984.12   Second Lien                          168,000.00          228,000.00                           -             240,000.00          244,000.00                   95.00
1103643573         XXXXX                                               00000   XX                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     62,000.00                     61,983.59   Second Lien                          232,500.00          294,500.00                           -             310,000.00          315,000.00                   95.00
1103643584         LAS VEGAS                                           89117   NV                       20070201                20220201    FIXED                  Yes                                         180                    360                          178                     20,650.00                     20,629.00   Second Lien                          165,250.00          185,900.00                           -             206,610.00          207,000.00                   89.98
0000000000         TUCSON                                              85718   AZ                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     46,800.00                     46,772.34   Second Lien                          234,000.00          280,800.00                           -             312,000.00          430,000.00                   90.00
1103643945         XXXXXXXXXX                                          00000   XX                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     43,000.00                     42,967.47   Second Lien                          344,000.00          387,000.00                           -             430,000.00          430,000.00                   90.00
0000000000         SANTEE                                              92071   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                     90,000.00                     90,000.00   Second Lien                          360,000.00          450,000.00                           -             450,000.00          450,000.00                  100.00
1103644508         XXXXX                                               95620   CA                       20070201                20370101    FIXED                  No                                          360                    360                          358                     51,000.00                     50,962.47   Second Lien                          408,000.00          459,000.00                           -             510,000.00          510,000.00                   90.00
1103644605         STOCKTON                                            95209   CA                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     82,000.00                     81,947.33   Second Lien                          287,000.00          369,000.00                           -             410,000.00          410,000.00                   90.00
0000000000         RIDGECREST                                          93555   CA                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     37,200.00                     37,189.06   Second Lien                          130,200.00          167,400.00                           -             186,000.00          186,000.00                   90.00
1103644975         ENCINO                                              91316   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     99,000.00                     98,960.87   Second Lien                          396,000.00          495,000.00                           -             495,000.00          495,000.00                  100.00
1103644995         XXXXX                                               00000   XX                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     52,500.00                     52,484.72   Second Lien                          147,000.00          199,500.00                           -             210,000.00          300,000.00                   95.00
1103645211         OAKLAND                                             94605   CA                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                     47,500.00                     47,500.00   Second Lien                          380,000.00          427,500.00                           -             475,000.00          525,000.00                   90.00
1103645537         GULF SHORES                                         36542   AL                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                    193,700.00                    193,700.00   Second Lien                          542,500.00          736,200.00                           -             775,000.00          800,000.00                   94.99
0000000000         MAGALIA                                             95954   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     32,000.00                     31,990.59   Second Lien                          256,000.00          288,000.00                           -             320,000.00          320,000.00                   90.00
1103645745         GULFPORT                                            39507   MS                       20070201                20370101    FIXED                  No                                          360                    360                          358                    105,200.00                    105,200.00   Second Lien                          294,700.00          399,900.00                           -             421,000.00          430,000.00                   94.99
1103645830         PALO ALTO                                           94303   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     50,000.00                     49,984.02   Second Lien                          750,000.00          800,000.00                           -           1,000,000.00        1,000,000.00                   80.00
1103645835         MODESTO                                             95351   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     30,000.00                     29,990.41   Second Lien                          240,000.00          270,000.00                           -             300,000.00          300,000.00                   90.00
1103646161         PARAMOUNT                                           90723   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     85,600.00                     85,575.51   Second Lien                          342,400.00          428,000.00                           -             428,000.00          440,000.00                  100.00
1103646235         RIDGECREST                                          93555   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     37,200.00                     37,189.06   Second Lien                          130,200.00          167,400.00                           -             186,000.00          186,000.00                   90.00
1103646239         RIDGECREST                                          93555   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     35,000.00                     34,989.70   Second Lien                          122,500.00          157,500.00                           -             175,000.00          175,000.00                   90.00
1103646459         SUN CITY                                            85373   AZ                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     38,700.00                     38,688.30   Second Lien                          309,600.00          348,300.00                           -             387,105.00          388,000.00                   89.98
0000000000         DESERT HOT SPRINGS                                  92240   CA                       20070301                20210401    FIXED                  Yes                                         180                    360                          179                    139,300.00                    139,274.59   Second Lien                          258,700.00          398,000.00                           -             398,000.00          400,000.00                  100.00
1103647021         MAYWOOD                                             90270   CA                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                    124,000.00                    124,000.00   Second Lien                          496,000.00          620,000.00                           -             620,000.00          620,000.00                  100.00
1103647183         XXXXXX                                              00000   XX                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                    115,550.00                    115,550.00   Second Lien                          616,400.00          731,950.00                           -                      -          770,500.00                   95.00
1103647480         PHOENIX                                             85033   AZ                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     42,290.00                     42,277.34   Second Lien                          118,413.00          160,703.00                           -             169,162.00          174,000.00                   95.00
1103647516         LOS ANGELES                                         90008   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                     56,250.00                     56,233.45   Second Lien                          300,000.00          356,250.00                           -             375,000.00          462,000.00                   95.00
1103647726         XXXXX                                               00000   XX                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     43,000.00                     42,985.87   Second Lien                          172,000.00          215,000.00                           -             215,000.00          215,000.00                  100.00
1103647983         GARDEN GROVE                                        92843   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                    151,300.00                    151,255.49   Second Lien                          453,700.00          605,000.00                           -             605,000.00          605,000.00                  100.00
0000000000         HEMET                                               92544   CA                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     41,250.00                     41,250.00   Second Lien                          220,000.00          261,250.00                           -             275,000.00          275,000.00                   95.00
1103648156         SAN BERNARDINO                                      92405   CA                       20070301                20370201    FIXED                  No                                          360                    360                          359                     42,900.00                     42,889.62   Second Lien                          228,800.00          271,700.00                           -             286,000.00          286,000.00                   95.00
1103648191         XXXXXXX XXXXXXX                                     00000   MD                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     21,200.00                     21,200.00   Second Lien                          169,600.00          190,800.00                           -                      -          212,000.00                   90.00
1103648223         BETHLEHEM                                           18015   PA                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     33,750.00                     33,741.21   Second Lien                          168,750.00          202,500.00                           -                      -          225,000.00                   90.00
0000000000         SAN XXXX CAPISTRANO                                 92675   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     91,250.00                     91,214.70   Second Lien                          273,700.00          364,950.00                           -             365,000.00          375,000.00                   99.99
1103648509         CAMERON PARK                                        95682   CA                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     65,000.00                     64,979.23   Second Lien                          520,000.00          585,000.00                           -             650,000.00          650,000.00                   90.00
1103648973         STOCKTON                                            95212   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     49,500.00                     49,500.00   Second Lien                          396,000.00          445,500.00                           -             495,000.00          505,000.00                   90.00
1103649126         PALMDALE                                            93550   CA                       20070301                20211201    FIXED                  Yes                                         180                    360                          179                     25,100.00                     25,100.00   Second Lien                          248,800.00          273,900.00                           -                      -          311,000.00                   88.07
1103649155         CHICO                                               95928   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     27,000.00                     26,991.37   Second Lien                          216,000.00          243,000.00                           -             270,000.00          270,000.00                   90.00
1103649157         GAINESVILLE                                         32609   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                     21,150.00                     21,150.00   Second Lien                          105,750.00          126,900.00                           -                      -          141,000.00                   90.00
0000000000         RIALTO                                              92376   CA                       20070301                20220101    FIXED                  Yes                                         180                    360                          179                     67,000.00                     67,000.00   Second Lien                          268,000.00          335,000.00                           -             335,000.00          335,000.00                  100.00
1103649600         PALMDALE                                            93551   CA                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     70,000.00                     70,000.00   Second Lien                          280,000.00          350,000.00                           -             350,000.00          350,000.00                  100.00
1103649739         FOUNTAIN VALLEY                                     92708   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     39,000.00                     38,985.08   Second Lien                          404,000.00          443,000.00                           -                      -          505,000.00                   87.72
0000000000         CHULA VISTA                                         91911   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    115,000.00                    115,000.00   Second Lien                          460,000.00          575,000.00                           -             590,000.00          575,000.00                  100.00
1103649892         RIALTO                                              92376   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     92,000.00                     91,937.42   Second Lien                          368,000.00          460,000.00                           -             460,000.00          460,000.00                  100.00
0000000000         FULLERTON                                           92833   CA                       20070401                20220301    FIXED                  No                                          180                    180                          180                    109,800.00                    109,800.00   Second Lien                          439,200.00          549,000.00                           -             579,000.00          549,000.00                  100.00
1103650089         XXXXXXXX                                            00000   XX                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     39,700.00                     39,687.31   Second Lien                          317,600.00          357,300.00                           -             397,000.00          397,000.00                   90.00
1103650479         LADERA RANCH                                        92694   CA                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                    137,000.00                    137,000.00   Second Lien                          548,000.00          685,000.00                           -             685,000.00          685,000.00                  100.00
0000000000         RESEDA AREA OF LOS ANGELE                           91335   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                    119,600.00                    119,565.40   Second Lien                          478,400.00          598,000.00                           -             598,000.00          600,000.00                  100.00
1103651013         RIALTO                                              92376   CA                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     68,500.00                     68,480.19   Second Lien                          274,000.00          342,500.00                           -             342,500.00          343,000.00                  100.00
1103651039         CHICO                                               95973   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     27,500.00                     27,491.21   Second Lien                          220,000.00          247,500.00                           -             275,000.00          275,000.00                   90.00
0000000000         SAN DIEGO                                           92114   CA                       20070401                20370301    FIXED                  No                                          360                    360                          360                    108,000.00                    108,000.00   Second Lien                          417,000.00          525,000.00                           -                      -          525,000.00                  100.00
1103651767         GULF SHORES                                         36542   AL                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     86,200.00                     86,180.84   Second Lien                          241,500.00          327,700.00                           -             345,000.00          495,000.00                   94.99
1103652724         BREA                                                92821   CA                       20070401                20220301    FIXED                  No                                          180                    180                          180                    100,000.00                    100,000.00   Second Lien                          400,000.00          500,000.00                           -             500,000.00          523,000.00                  100.00
0000000000         VICTORVILLE                                         92395   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     34,500.00                     34,500.00   Second Lien                          184,000.00          218,500.00                           -             230,000.00          260,000.00                   95.00
1103652952         SANTA XXX                                           92701   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     52,000.00                     52,000.00   Second Lien                          208,000.00          260,000.00                           -             260,000.00          260,000.00                  100.00
1103653079         SALINAS                                             93905   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     81,600.00                     81,600.00   Second Lien                          326,400.00          408,000.00                           -             408,000.00          490,000.00                  100.00
1103653248         XXXXX                                               84070   UT                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                     46,250.00                     46,250.00   Second Lien                          231,350.00          277,600.00                           -             308,473.00          315,000.00                   89.99
1103653316         ALISO VIEJO                                         92656   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    124,100.00                    124,100.00   Second Lien                          434,350.00          558,450.00                           -             620,500.00          698,000.00                   90.00
1103653713         XXXXX                                               00000   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     45,300.00                     45,300.00   Second Lien                          181,200.00          226,500.00                           -             226,500.00          250,000.00                  100.00
1103653736         LAKE FOREST                                         92630   CA                       20070401                20220301    FIXED                  No                                          180                    180                          180                     29,000.00                     29,000.00   Second Lien                          496,000.00          525,000.00                           -                      -          620,000.00                   84.68
1103653794         DUARTE                                              91010   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     47,000.00                     47,000.00   Second Lien                          376,000.00          423,000.00                           -             470,000.00          470,000.00                   90.00
0000000000         GRIDLEY                                             95948   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     33,750.00                     33,750.00   Second Lien                          180,000.00          213,750.00                           -             225,000.00          225,000.00                   95.00
1103655293         POMPANO BEACH                                       33060   FL                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     46,500.00                     46,500.00   Second Lien                          248,000.00          294,500.00                           -             310,000.00          310,000.00                   95.00
0000000000         XXXXX XXXX                                          00000   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    108,200.00                    108,200.00   Second Lien                          432,800.00          541,000.00                           -             541,017.00          550,000.00                  100.00
1103655714         LOS ANGELES                                         90027   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    125,550.00                    125,550.00   Second Lien                          627,750.00          753,300.00                           -             837,000.00          850,000.00                   90.00
2503187878         BRANSON                                             65616   MO                       20070101                20211001    FIXED                  Yes                                         180                    360                          177                     55,450.00                     55,407.22   Second Lien                          295,900.00          351,350.00                           -             369,900.00          389,500.00                   94.99
2503189258         XXXXX                                               00000   XX                       20061201                20211001    FIXED                  Yes                                         180                    360                          176                     48,750.00                     48,692.04   Second Lien                          146,250.00          195,000.00                           -                      -          195,000.00                  100.00
2503189941         MISSION VIEJO                                       92691   CA                       20070101                20211201    FIXED                  Yes                                         180                    360                          177                     70,000.00                     69,918.49   Second Lien                          280,000.00          350,000.00                           -             350,000.00          350,000.00                  100.00
2503191954         CANYON LAKE                                         92587   CA                       20061201                20211101    FIXED                  Yes                                         180                    360                          176                     70,000.00                     69,894.31   Second Lien                          280,000.00          350,000.00                           -                      -          350,000.00                  100.00
2503192269         XXXXXXX                                             00000   FL                       20070101                20220301    FIXED                  Yes                                         180                    360                          177                     60,050.00                     59,964.77   Second Lien                          225,200.00          285,250.00                           -             300,300.00          301,900.00                   94.99
2503193662         SAN LEANDRO                                         94577   CA                       20061201                20211201    FIXED                  Yes                                         180                    360                          176                    146,000.00                    145,804.36   Second Lien                          584,000.00          730,000.00                           -             730,000.00          730,000.00                  100.00
2503194982         XXXXXX                                              00000   XX                       20070101                20220201    FIXED                  Yes                                         180                    360                          177                     90,000.00                     89,902.85   Second Lien                          359,900.00          449,900.00                           -             449,900.00          458,000.00                  100.00
2503195080         XXXXX                                               00000   XX                       20070101                20211201    FIXED                  Yes                                         180                    360                          177                    160,200.00                    160,042.88   Second Lien                          801,000.00          961,200.00                           -           1,068,000.00        1,068,000.00                   90.00
2503195256         XXXXX                                               00000   XX                       20070101                20211201    FIXED                  Yes                                         180                    360                          177                    113,980.00                    113,980.00   Second Lien                          455,920.00          569,900.00                           -             569,900.00          569,900.00                  100.00
2503195508         JACKSONVILLE                                        32244   FL                       20070101                20211201    FIXED                  Yes                                         180                    360                          177                     35,400.00                     35,369.46   Second Lien                          132,750.00          168,150.00                           -             177,500.00          178,000.00                   94.73
2503195547         BATON ROUGE                                         70810   LA                       20070101                20211201    FIXED                  Yes                                         180                    360                          177                     34,666.00                     34,633.17   Second Lien                          121,333.00          155,999.00                           -             173,333.00          175,000.00                   90.00
0000000000         HOMESTEAD                                           33035   FL                       20070101                20211201    FIXED                  Yes                                         180                    360                          177                     34,000.00                     33,963.30   Second Lien                          127,500.00          161,500.00                           -             170,000.00          170,000.00                   95.00
2503195726         PEARL CITY                                          96782   HI                       20070101                20211201    FIXED                  Yes                                         180                    360                          177                     69,000.00                     68,903.67   Second Lien                          276,000.00          345,000.00                           -             345,000.00          350,000.00                  100.00
2503195771         EAST SETAUKET                                       11733   NY                       20070301                20211201    FIXED                  Yes                                         180                    360                          179                     80,000.00                     79,977.06   Second Lien                          301,500.00          381,500.00                           -             402,900.00          404,000.00                   94.69
2503196647         LOS ANGELES (SAN XXXXX AR                           90731   CA                       20070101                20220101    FIXED                  Yes                                         180                    360                          177                     49,700.00                     49,638.05   Second Lien                          265,500.00          315,200.00                           -             331,900.00          385,000.00                   94.97
2503196671         XXXX XXXX XXXXX                                     00000   FL                       20070401                20211201    FIXED                  Yes                                         180                    360                          180                     70,450.00                     70,450.00   Second Lien                          211,400.00          281,850.00                           -             281,900.00          282,000.00                   99.98
2503197512         HOMESTEAD                                           33033   FL                       20070101                20211201    FIXED                  Yes                                         180                    360                          177                     47,900.00                     47,846.87   Second Lien                          255,100.00          303,000.00                           -             318,990.00          330,000.00                   94.99
2503197824         SCHAUMBURG                                          60193   IL                       20070101                20220301    FIXED                  Yes                                         180                    360                          177                     33,000.00                     32,972.92   Second Lien                          176,000.00          209,000.00                           -             220,000.00          220,000.00                   95.00
2503198468         GURNEE                                              60031   IL                       20070201                20211201    FIXED                  Yes                                         180                    360                          178                     50,400.00                     50,368.17   Second Lien                          117,600.00          168,000.00                           -                      -          168,000.00                  100.00
2503198503         SAN DIEGO                                           92173   CA                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     62,000.00                     61,953.61   Second Lien                          248,000.00          310,000.00                           -                      -          310,000.00                  100.00
2503198959         OREM                                                84097   UT                       20070301                20220101    FIXED                  Yes                                         180                    360                          179                    342,500.00                    342,415.07   Second Lien                          750,000.00        1,092,500.00                           -           1,150,000.00        1,150,000.00                   95.00
2503199026         HIALEAH                                             33012   FL                       20070201                20370101    FIXED                  No                                          360                    360                          358                     39,000.00                     38,973.98   Second Lien                          156,000.00          195,000.00                           -             195,000.00          195,000.00                  100.00
2503199045         XXXXXXXXXXX                                         00000   XX                       20070201                20220301    FIXED                  Yes                                         180                    360                          178                     50,110.00                     50,077.10   Second Lien                          187,912.00          238,022.00                           -             252,550.00          252,550.00                   94.25
2503199243         XXXX XXXX XXXXX                                     00000   FL                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     56,950.00                     56,915.39   Second Lien                          213,500.00          270,450.00                           -             284,685.00          290,900.00                   95.00
0000000000         GREELEY                                             80634   CO                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     34,900.00                     34,880.76   Second Lien                          279,200.00          314,100.00                           -             349,000.00          349,000.00                   90.00
2503199583         NORTH LAS VEGAS                                     89030   NV                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     24,500.00                     24,477.68   Second Lien                          166,400.00          190,900.00                           -                      -          208,000.00                   91.78
2503200691         XXXXXXX XXXXX                                       00000   FL                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     77,650.00                     77,607.29   Second Lien                          388,100.00          465,750.00                           -             517,511.00          535,000.00                   90.00
2503200813         XXXXXXXX                                            00000   XX                       20070201                20220201    FIXED                  Yes                                         180                    360                          178                     53,000.00                     52,959.90   Second Lien                          212,000.00          265,000.00                           -                      -          265,000.00                  100.00
2503200990         VERO BEACH                                          32966   FL                       20070301                20220101    FIXED                  Yes                                         180                    360                          179                     30,000.00                     29,991.40   Second Lien                          179,250.00          209,250.00                           -                      -          239,000.00                   87.55
2503201004         CHICAGO                                             60647   IL                       20070301                20220101    FIXED                  Yes                                         180                    360                          179                     43,500.00                     43,485.71   Second Lien                          227,200.00          270,700.00                           -                      -          284,000.00                   95.32
2503201136         COCKEYSVILLE                                        21030   MD                       20070301                20220101    FIXED                  Yes                                         180                    360                          179                     47,050.00                     47,033.19   Second Lien                          188,350.00          235,400.00                           -             235,490.00          236,000.00                   99.96
2503201382         FORT XXXXX                                          33916   FL                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     27,000.00                     26,983.40   Second Lien                          107,900.00          134,900.00                           -             134,900.00          135,000.00                  100.00
0000000000         DORAL                                               33166   FL                       20070301                20220101    FIXED                  Yes                                         180                    360                          179                     31,980.00                     31,968.82   Second Lien                          127,920.00          159,900.00                           -             159,900.00          185,000.00                  100.00
2503201431         RANCHO SANTA XXXXXXXXX                              92688   CA                       20070201                20220201    FIXED                  Yes                                         180                    360                          178                     78,000.00                     77,946.25   Second Lien                          312,000.00          390,000.00                           -             390,000.00          390,000.00                  100.00
2503201464         XXXXXXXX                                            00000   XX                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                    332,400.00                    332,208.83   Second Lien                        1,000,000.00        1,332,400.00                           -           1,480,594.00        1,600,000.00                   89.99
2503201682         DORAL                                               33166   FL                       20070401                20220101    FIXED                  Yes                                         180                    360                          180                     35,400.00                     35,400.00   Second Lien                          141,700.00          177,100.00                           -             177,130.00          185,000.00                   99.98
2503201723         FORT XXXXX                                          33913   FL                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     30,300.00                     30,291.90   Second Lien                          161,600.00          191,900.00                           -             202,000.00          211,000.00                   95.00
2503201854         XXXX XXXXXXXXXX                                     00000   FL                       20070201                20220201    FIXED                  Yes                                         180                    360                          178                    101,450.00                    101,384.69   Second Lien                          304,400.00          405,850.00                           -             405,900.00          406,000.00                   99.99
2503201905         ANAHEIM                                             92805   CA                       20070401                20220101    FIXED                  Yes                                         180                    360                          180                    115,600.00                    115,600.00   Second Lien                          462,400.00          578,000.00                           -             578,000.00          578,000.00                  100.00
2503202033         KENT                                                98042   WA                       20070201                20220201    FIXED                  Yes                                         180                    360                          178                     65,500.00                     65,462.24   Second Lien                          245,950.00          311,450.00                           -             327,950.00          375,000.00                   94.97
2503202744         SANTA CLARITA                                       91354   CA                       20070301                20220101    FIXED                  Yes                                         180                    360                          179                     99,400.00                     99,373.98   Second Lien                          372,850.00          472,250.00                           -             497,195.00          500,000.00                   94.98
2503203109         GILBERTS                                            60136   IL                       20070201                20220101    FIXED                  Yes                                         180                    360                          178                     27,750.00                     27,733.31   Second Lien                          176,000.00          203,750.00                           -                      -          220,000.00                   92.61
2503203528         MIAMI                                               33138   FL                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     77,250.00                     77,223.58   Second Lien                          386,250.00          463,500.00                           -             515,000.00          525,000.00                   90.00
2503203636         LONG BEACH                                          39560   MS                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     65,000.00                     64,976.32   Second Lien                          243,750.00          308,750.00                           -             325,000.00          355,000.00                   95.00
0000000000         KISSIMMEE                                           34746   FL                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     39,200.00                     39,186.98   Second Lien                          208,700.00          247,900.00                           -             260,990.00          261,000.00                   94.98
2503203847         SIMI VALLEY                                         93063   CA                       20070201                20220201    FIXED                  Yes                                         180                    360                          178                     23,700.00                     23,687.47   Second Lien                          189,600.00          213,300.00                           -             237,000.00          272,000.00                   90.00
0000000000         XXXXXX XXXXX                                        00000   CA                       20070401                20220101    FIXED                  Yes                                         180                    360                          180                    198,000.00                    198,000.00   Second Lien                          693,000.00          891,000.00                           -                      -          990,000.00                   90.00
2503203976         MIAMI                                               33189   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     59,250.00                     59,250.00   Second Lien                          296,250.00          355,500.00                           -                      -          395,000.00                   90.00
0000000000         LOS ANGELES                                         90026   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                    124,000.00                    123,964.44   Second Lien                          465,000.00          589,000.00                           -             620,000.00          620,000.00                   95.00
2503204131         EAST XXXXXXXX                                       00000   XX                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                    170,000.00                    169,952.85   Second Lien                          637,500.00          807,500.00                           -             850,000.00          850,000.00                   95.00
2503204290         SUNNYVALE                                           94085   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                    223,250.00                    223,184.69   Second Lien                          669,750.00          893,000.00                           -             940,000.00          940,000.00                   95.00
2503204489         MIAMI                                               33142   FL                       20070301                20370201    FIXED                  No                                          360                    360                          359                     35,000.00                     34,984.66   Second Lien                          105,000.00          140,000.00                           -             140,000.00          140,000.00                  100.00
2503204647         COLLEGE PARK                                        30349   GA                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     23,174.00                     23,166.18   Second Lien                          115,867.00          139,041.00                           -             154,490.00          165,000.00                   90.00
2503204794         XXXXXX                                              00000   XX                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     74,400.00                     74,400.00   Second Lien                          279,000.00          353,400.00                           -                      -          372,000.00                   95.00
2503204811         AVENTURA                                            33180   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     60,000.00                     60,000.00   Second Lien                          240,000.00          300,000.00                           -             300,000.00          300,000.00                  100.00
0000000000         CHICAGO                                             60641   IL                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                    103,350.00                    103,350.00   Second Lien                          289,450.00          392,800.00                           -             413,500.00          414,000.00                   94.99
2503204930         MIRAMAR                                             33161   FL                       20070501                20220201    FIXED                  Yes                                         180                    360                          180                     51,400.00                     51,400.00   Second Lien                          192,750.00          244,150.00                           -             257,000.00          290,000.00                   95.00
2503205203         LEHIGH ACRES                                        33936   FL                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     21,335.00                     21,328.95   Second Lien                          113,600.00          134,935.00                           -             142,037.00          149,000.00                   95.00
2503205309         ALEXANDRIA                                          22310   VA                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                    302,500.00                    302,500.00   Second Lien                          307,500.00          610,000.00                           -                      -          610,000.00                  100.00
2503205726         SAINT XXXX                                          55119   MN                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     45,400.00                     45,387.72   Second Lien                          170,250.00          215,650.00                           -             227,000.00          227,000.00                   95.00
2503205768         XXXXXXXX                                            00000   XX                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     91,000.00                     90,976.84   Second Lien                          364,000.00          455,000.00                           -             455,000.00          480,000.00                  100.00
2503205788         GARDENA                                             90247   CA                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                    105,000.00                    105,000.00   Second Lien                          393,750.00          498,750.00                           -                      -          525,000.00                   95.00
2503205822         SANTA XXX                                           92701   CA                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                    218,750.00                    218,681.61   Second Lien                          612,500.00          831,250.00                           -             875,000.00          900,000.00                   95.00
2503205952         XXXXX                                               00000   XX                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     23,250.00                     23,244.55   Second Lien                          116,250.00          139,500.00                           -             155,000.00          158,000.00                   90.00
2503206058         XXXXXXXXXX                                          00000   XX                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     32,250.00                     32,240.01   Second Lien                          161,250.00          193,500.00                           -             215,000.00          215,000.00                   90.00
2503206093         BRONXDALE                                           11469   NY                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     59,600.00                     59,579.39   Second Lien                          223,500.00          283,100.00                           -             298,000.00          350,000.00                   95.00
2503206096         BRONX                                               10473   NY                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                    185,000.00                    185,000.00   Second Lien                          555,000.00          740,000.00                           -             740,000.00          750,000.00                  100.00
2503206343         XXXX XXXX XXXXX                                     00000   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     32,200.00                     32,200.00   Second Lien                          171,900.00          204,100.00                           -             214,900.00          224,000.00                   94.97
2503206355         XXXXX XXXXXXXXXX                                    00000   FL                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     54,250.00                     54,236.11   Second Lien                          151,800.00          206,050.00                           -             216,900.00          216,900.00                   95.00
2503206511         XXXXXXXX XXXX                                       00000   CA                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     48,000.00                     47,984.28   Second Lien                          256,000.00          304,000.00                           -             320,000.00          385,000.00                   95.00
2503206597         XXXXX                                               00000   XX                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                     56,250.00                     56,250.00   Second Lien                          168,750.00          225,000.00                           -             225,000.00          225,000.00                  100.00
2503206647         LOS ANGELES                                         90016   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                    218,750.00                    218,750.00   Second Lien                          656,250.00          875,000.00                           -             875,000.00          875,000.00                  100.00
2503206827         CHICAGO                                             60646   IL                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     85,500.00                     85,474.99   Second Lien                          427,500.00          513,000.00                           -             570,000.00          570,000.00                   90.00
2503206851         JAMAICA                                             11436   NY                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                     82,000.00                     82,000.00   Second Lien                          328,000.00          410,000.00                           -             410,000.00          420,000.00                  100.00
0000000000         KANSAS CITY                                         64134   MO                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     20,000.00                     19,994.58   Second Lien                           70,000.00           90,000.00                           -              95,000.00           95,000.00                   94.74
2503207272         XXXXXXXX                                            00000   XX                       20070301                20220201    FIXED                  Yes                                         180                    360                          179                     81,000.00                     80,969.61   Second Lien                          324,000.00          405,000.00                           -             405,000.00          410,000.00                  100.00
2503207321         HOMESTEAD                                           33035   FL                       20070401                20220201    FIXED                  Yes                                         180                    360                          180                     35,848.00                     35,848.00   Second Lien                          179,242.00          215,090.00                           -             238,990.00          239,000.00                   90.00
2503207620         XXXXX                                               00000   XX                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     60,000.00                     60,000.00   Second Lien                          168,000.00          228,000.00                           -             240,000.00          350,000.00                   95.00
2503207734         NORTH LAS VEGAS                                     89094   NV                       20070301                20370201    FIXED                  No                                          360                    360                          359                     37,650.00                     37,638.40   Second Lien                          200,800.00          238,450.00                           -             251,000.00          255,000.00                   95.00
2503207816         XXXXXX                                              00000   XX                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     84,000.00                     83,966.62   Second Lien                          336,000.00          420,000.00                           -             420,000.00          420,000.00                  100.00
2503208009         LANCASTER                                           93535   CA                       20070301                20220301    FIXED                  Yes                                         180                    360                          179                     47,500.00                     47,484.44   Second Lien                          356,250.00          403,750.00                           -                      -          475,000.00                   85.00
2503208093         SAINT XXXX                                          55119   MN                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     58,000.00                     58,000.00   Second Lien                          235,000.00          293,000.00                           -             293,800.00          294,000.00                   99.73
2503208296         CHICAGO                                             60628   IL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     23,250.00                     23,250.00   Second Lien                          124,000.00          147,250.00                           -             155,000.00          155,000.00                   95.00
2503208346         CHICAGO                                             60645   IL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     29,250.00                     29,250.00   Second Lien                          146,250.00          175,500.00                           -             195,000.00          200,000.00                   90.00
2503208449         HAYWARD                                             94545   CA                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     76,000.00                     76,000.00   Second Lien                          304,000.00          380,000.00                           -             380,000.00          400,000.00                  100.00
2503208702         CENTRAL ISLIP                                       11722   NY                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     73,000.00                     73,000.00   Second Lien                          292,000.00          365,000.00                           -             365,000.00          365,000.00                  100.00
0000000000         ELGIN                                               60120   IL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     20,250.00                     20,250.00   Second Lien                          112,500.00          132,750.00                           -                      -          166,000.00                   79.97
2503208780         MINNEAPOLIS                                         55412   MN                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     39,200.00                     39,200.00   Second Lien                          156,800.00          196,000.00                           -             196,000.00          196,000.00                  100.00
2503208832         XXXXXXXXXX                                          00000   XX                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     38,200.00                     38,200.00   Second Lien                          152,800.00          191,000.00                           -             191,000.00          191,000.00                  100.00
2503208944         XXXXXXX                                             00000   FL                       20070401                20220301    FIXED                  Yes                                         180                    360                          180                     33,398.00                     33,398.00   Second Lien

Document Metadata

Table of Contents

IMPAC SECURED ASSETS CORP., Depositor, IMPAC FUNDING CORPORATION Master Servicer, and DEUTSCHE BANK NATIONAL TRUST COMPANY Trustee POOLING AND SERVICING AGREEMENT Dated as of March 1, 2007 Mortgage Pass-Through Certificates Series 2007-2

Document Metadata